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BT SOLUTION

Active
Private limited companyfounded 2024active for 2 yearsKerkstraat 6, 1620 Drogenbos, BelgiumKBO/BCE: BE 1008.640.048

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 21-05-2026 PDF all 2 filings

Turnover
≈ €66,000
Estimated: probably between €35,000 and €120,000
Total assets
€9,688▲ 15.9%
2024 · €8,358
Net result
€2,964
2024 · -€4,360
Working capital
-€2,936▲ 34.2%
2024 · -€4,460
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€3,487
2025
20242025
Net result
€2,964
2025
middle half of the sector
20242025
Equity
-€396
▲ 90.9% 2025
lowest quarter of the sector
20242025
Total assets
€9,688
▲ 15.9% 2025
lowest quarter of the sector
20242025
Debt
€10,084
▼ 20.7% 2025
20242025
Working capital
-€2,936
▲ 34.2% 2025
lowest quarter of the sector
20242025
Solvency
-4.1%
▲ 48.1pp 2025
lowest quarter of the sector
20242025
Current ratio
0.71
▲ 0.06 2025
lowest quarter of the sector
20242025
Return on assets (ROA)
30.6%
▲ 82.8pp 2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€4,354-€3,487
Net result-€4,360below the sector's middle half-€2,964within the sector's middle half
Equity-€4,360below the sector's middle half--€396below the sector's middle half▲ 90.9%
Total assets€8,358below the sector's middle half-€9,688below the sector's middle half▲ 15.9%
Debt€12,718-€10,084▼ 20.7%
Working capital-€4,460below the sector's middle half--€2,936below the sector's middle half▲ 34.2%
Solvency-52.2%below the sector's middle half--4.1%below the sector's middle half▲ 48.1pp
Current ratio0.65below the sector's middle half-0.71below the sector's middle half▲ 0.06
Return on assets (ROA)-52.2%below the sector's middle half-30.6%above the sector's middle half▲ 82.8pp
above within below The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a profit of €3,487, after a loss of €4,354 in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9,688
Fixed assets €2,540 ▲ 25×
Current assets €7,148 ▼ 13.4%
Equity and liabilities
Equity-€396
Debt€10,084
Equity is negative. Debt (€10,084) exceeds the balance-sheet total (€9,688).
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,246
Cash flow
€3,724
Interest coverage
10.96
Debt ≤ 1 year
€10,084▼
2024 · €12,718
Income taxes
€135
The equity ratios are withheld because equity of -€396 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets-€3,200
Financial fixed assets€100-
Depreciation and write-downs of the year-€760

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€8,358€9,688▲
Fixed assets21/28€100€2,540▲
Tangible fixed assets22/27-€2,440
Furniture and vehicles24-€2,440
Financial fixed assets28€100€100=
Current assets29/58€8,258€7,148▼
Amounts receivable within one year40/41€1,364€1,715▲
Trade receivables40€758€770▲
Other amounts receivable41€606€945▲
Cash at bank and in hand54/58€1,854€5,433▲
Deferred charges and accrued income490/1€5,040-
Equity and liabilities
Total equity and liabilities10/49€8,358€9,688▲
Equity10/15-€4,360-€396▲
Contributions10/11-€1,000
Profit (loss) carried forward14-€4,360-€1,396▲
Amounts payable17/49€12,718€10,084▼
Amounts payable within one year42/48€12,718€10,084▼
Trade debts44€627€662▲
Suppliers440/4€627€662▲
Taxes, remuneration and social security45€10,593€8,919▼
Taxes450/3€793€135▼
Remuneration and social security454/9€9,800€8,784▼
Other amounts payable47/48€1,498€503▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€760
Other operating charges640/8-€1,238
Gross operating margin9900-€4,354€5,485▲
Operating profit (loss)9901-€4,354€3,487▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€6€387▲
Recurring financial charges65€6€387▲
Profit (loss) for the period before taxes9903-€4,360€3,099▲
Income taxes67/77-€135
Profit (loss) for the period9904-€4,360€2,964▲
Profit (loss) for the period to be appropriated9905-€4,360€2,964▲
Appropriation of the result
Profit (loss) to be appropriated9906-€4,360-€1,396▲
Profit (loss) brought forward from the previous period14P--€4,360

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-05-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€760-
Other operating charges640/8-€1,238-
Gross operating margin9900-€4,354€5,485-
Operating profit (loss)9901-€4,354€3,487-
Financial income75/76B€1€0▼ 82.0%
Recurring financial income75€1€0▼ 82.0%
Financial charges65/66B€6€387▲ 62×
Recurring financial charges65€6€387▲ 62×
Profit (loss) for the period before taxes9903-€4,360€3,099-
Income taxes67/77-€135-
Profit (loss) for the period9904-€4,360€2,964-
Profit (loss) for the period to be appropriated9905-€4,360€2,964-
Line20242025Change
Assets
Total assets20/58€8,358€9,688▲ 15.9%
Fixed assets21/28€100€2,540▲ 25×
Tangible fixed assets22/27-€2,440-
Furniture and vehicles24-€2,440-
Financial fixed assets28€100€100=
Current assets29/58€8,258€7,148▼ 13.4%
Amounts receivable within one year40/41€1,364€1,715▲ 25.7%
Trade receivables40€758€770▲ 1.6%
Other amounts receivable41€606€945▲ 56.0%
Cash at bank and in hand54/58€1,854€5,433▲ 193%
Deferred charges and accrued income490/1€5,040--
Equity and liabilities
Total equity and liabilities10/49€8,358€9,688▲ 15.9%
Equity10/15-€4,360-€396▲ 90.9%
Contributions10/11-€1,000-
Profit (loss) carried forward14-€4,360-€1,396▲ 68.0%
Amounts payable17/49€12,718€10,084▼ 20.7%
Amounts payable within one year42/48€12,718€10,084▼ 20.7%
Trade debts44€627€662▲ 5.6%
Suppliers440/4€627€662▲ 5.6%
Taxes, remuneration and social security45€10,593€8,919▼ 15.8%
Taxes450/3€793€135▼ 82.9%
Remuneration and social security454/9€9,800€8,784▼ 10.4%
Other amounts payable47/48€1,498€503▼ 66.4%
Line20242025Change
Profit (loss) for the period9904-€4,360€2,964-
+ Depreciation and write-downs630-€760-
Operating cash flow (approximation)-€4,360€3,724-
Investment in fixed assets (approximation)--€3,200-
Change in cash-€3,579-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,017 companies had the same profile as BT SOLUTION has now. Two years later, 89.2% were still going and 6.5% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
89.2% was still going
4.0% stopped otherwise
6.5% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BT SOLUTION itself: 1.7% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,017 companies, not a prediction for BT SOLUTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 21-05-2026 2026-00122933 PDF
31-12-2024 micro format 17-06-2025 2025-00155557 PDF

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