BT DEVELOPPEMENT

Active

Public limited companyfounded 2004active for 22 yearsAvenue Léopold III(PER) 371A, 7134 Binche, BelgiumKBO/BCE: BE 0867.711.025

Summary

BT DEVELOPPEMENT has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.5m) and a net result of -€161,687. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 9% of 838 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Risk analysisFollow Report Compare

BT DEVELOPPEMENTActiveChecked score 54/100

Risk analysis Report Compare

Activity

Public relations and communication consultancy

NACE 73300Business and other management consultancy NACE 70200

3rd largest company by total assets in Binche, Professional and technical services sector1 site

Size

€8.6mtotal assets 2025

Staff: 7.1 FTE
Equity: -€1.5m
Loss: -€161,687

Financial health

54 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.3%

Structure

Parent: Michel Salaun Participations SAS · 99.99%
Holdings: 3

Thibaud ScouarnecDirector

2025 accounts filed 28 days late1 of 16 deeds summarised

Why 54raises riskCapped at 59: negative equityNegative equity -€1.5mLiquidity: current ratio 2.69, cash €234,093Loss of €161,687 (financial year 2025)lowers riskLegal form: public limited companyShow the evidence

Checked score

Score 2025

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 26% of its sector peers (NACE 73, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 8-3

equity -17.1% of total assets

Liquidity 53=

short-term debt 1.8% · cash 2.7%

Profitability 33-6

return on assets -1.9%

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,206 companies, NACE 73, micro)

Last 24 months 11-2024: 1.0%lowest value 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.1%▲ +0.1 percentage points vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.3%▲ +0.2 percentage points vs 03-2025 05-2025: 1.6%▲ +0.3 percentage points vs 04-2025 06-2025: 1.1%▼ -0.5 percentage points vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.1%● unchanged vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.2%▲ +0.1 percentage points vs 02-2026 04-2026: 1.3%▲ +0.1 percentage points vs 03-2026 05-2026: 1.6%▲ +0.3 percentage points vs 04-2026highest value 06-2026: 1.3%▼ -0.3 percentage points vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 1.3%● unchanged vs 07-2026 09-2026: 1.3%● unchanged vs 08-2026 10-2026: 1.3%● unchanged vs 09-2026

No credit on open account

Liquidity ample (current ratio 2.69, compared with 4.31 in 2024, above the usual 1.5; short-term debt: 1.8% and cash: 2.7% of total assets), but equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro): better than 10% on solvency, 44% on liquidity, 23% on profitability and 29% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Negative equity -€1.5m

NBB · annual accounts

Liquidity: current ratio 2.69, cash €234,093

NBB · annual accounts

Loss of €161,687 (financial year 2025)

NBB · annual accounts

Legal form: public limited company

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€1.5m

2025 accounts filed 28 days late

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

28 days late

2024

5 days late

2023

5 days early

2022

25 days late

2021

11 days late

2020

31 days late

2019

14 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 11 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-09-2026 year end24-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-05-2026 Annual accounts filedfinancial year 2025 · full…
30-09-2025 Weakest financial yearnet -€161,687
05-05-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€1.5m View
Caution: From profit to loss in 2025after €46,590 in 2024 -€161,687 View
Caution: Among the weakest 5% on equitysector median €523,194 · 839 companies -€1.5m View
Controlled by Michel Salaun Participations SASknown shareholders 100% 99.99% View

By topic

Financials

Financial year: 2025
Total assets: €8.6m
Loss: -€161,687
Solvency: -17.1%

Total assets▼ 6.4%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member
Parent: Michel Salaun Participations SAS · 99.99%
Known shareholders: 100%

Thibaud ScouarnecDirector

Go to Board & ownership

Network & group

Subsidiaries: 3

3 subsidiaries

Go to Network & group

Timeline

Events: 25
Since: 2006
Next accounts: by 30-04-2027

14-02-2025Resignation: Nicolas Delord (director)
30-09-2024Highest result from 2019 to 2025
25-04-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Public relations and communication consultancyNACE 73300
Founded: 08-10-2004
Year ends: 30-09
Peppol: Reachable for e-invoices

Go to Company details

Key facts about BT DEVELOPPEMENT

What is the company number of BT DEVELOPPEMENT?: 0867.711.025. In Belgium the VAT number is the company number with BE in front: BE 0867.711.025.
Where is BT DEVELOPPEMENT based?: The registered office is at Avenue Léopold III(PER) 371A, 7134 Binche.Company details
What does BT DEVELOPPEMENT do?: According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
What is the legal form of BT DEVELOPPEMENT?: Public limited company (NV).
When was BT DEVELOPPEMENT founded?: On 08-10-2004.
Is BT DEVELOPPEMENT still active?: Yes, BT DEVELOPPEMENT is an active enterprise in the KBO register.
How many employees does BT DEVELOPPEMENT have?: On average 7.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BT DEVELOPPEMENT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BT DEVELOPPEMENT profitable?: In financial year 2025, BT DEVELOPPEMENT made a loss of €161,687.
Where can I find the annual accounts of BT DEVELOPPEMENT?: BT DEVELOPPEMENT filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BT DEVELOPPEMENT due?: By 30-04-2027, for financial year 2026.Timeline

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Overview

Checked score

Signals

Key points

By topic

Financials

Board & ownership

Network & group

Timeline

Company details

Key facts about BT DEVELOPPEMENT

Companies related to BT DEVELOPPEMENT

Subsidiaries and holdings

Comparable companies

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