BTECS
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
BTECS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,774 and a net result of €70,664. Equity has been growing by about 107% per year since 2022. Its solvency ranks better than 57% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 08-10-2025
- Format
- micro format
- Reference
- 2025-00535094
2022 to 2025, 4 financial years
The operating result for 2025 is 78% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,583 | €845 | €845 | €425 | ▼ 49.7% |
| Other operating charges640/8 | €248 | €661 | €591 | €830 | ▲ 40.4% |
| Non-recurring operating charges66A | - | - | - | €2,848 | - |
| Gross operating margin9900 | €17,506 | €25,513 | €32,770 | €59,858 | ▲ 82.7% |
| Operating profit (loss)9901 | €15,675 | €24,007 | €31,334 | €55,755 | ▲ 77.9% |
| Financial income75/76B | - | €1 | €6,797 | €36,289 | ▲ 434% |
| Recurring financial income75 | - | €1 | €1,797 | €3,789 | ▲ 111% |
| Non-recurring financial income76B | - | - | €5,000 | €32,500 | ▲ 550% |
| Financial charges65/66B | €813 | €2,260 | €4,130 | €8,069 | ▲ 95.4% |
| Recurring financial charges65 | €813 | €2,260 | €4,130 | €8,069 | ▲ 95.4% |
| Profit (loss) for the period before taxes9903 | €14,862 | €21,748 | €34,001 | €83,975 | ▲ 147% |
| Income taxes67/77 | €3,958 | €6,350 | €9,192 | €13,311 | ▲ 44.8% |
| Profit (loss) for the period9904 | €10,904 | €15,398 | €24,809 | €70,664 | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | €10,904 | €15,398 | €24,809 | €70,664 | ▲ 185% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €29,063 | €84,463 | €121,239 | €206,648 | ▲ 70.4% |
| Fixed assets21/28 | €2,115 | €35,270 | €41,925 | €145,500 | ▲ 247% |
| Tangible fixed assets22/27 | €2,115 | €1,270 | €425 | - | - |
| Plant, machinery and equipment23 | €2,115 | €1,270 | €425 | - | - |
| Financial fixed assets28 | - | €34,000 | €41,500 | €145,500 | ▲ 251% |
| Current assets29/58 | €26,949 | €49,193 | €79,313 | €61,148 | ▼ 22.9% |
| Amounts receivable within one year40/41 | €4,077 | €3,444 | €18,251 | €17,940 | ▼ 1.7% |
| Trade receivables40 | €3,034 | €3,444 | €18,251 | €17,940 | ▼ 1.7% |
| Other amounts receivable41 | €1,042 | - | - | - | - |
| Current investments50/53 | - | €41,391 | €54,077 | €26,436 | ▼ 51.1% |
| Cash at bank and in hand54/58 | €19,060 | €2,124 | €673 | €9,255 | ▲ 14× |
| Deferred charges and accrued income490/1 | €3,812 | €2,234 | €6,313 | €7,517 | ▲ 19.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €29,063 | €84,463 | €121,239 | €206,648 | ▲ 70.4% |
| Equity10/15 | €13,904 | €29,302 | €54,111 | €124,774 | ▲ 131% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €10,904 | €26,302 | €51,111 | €121,774 | ▲ 138% |
| Distributable reserves133 | €10,904 | €26,302 | €51,111 | €121,774 | ▲ 138% |
| Amounts payable17/49 | €15,159 | €55,161 | €67,128 | €81,874 | ▲ 22.0% |
| Amounts payable after more than one year17 | - | €10,549 | - | €32,000 | - |
| Financial debts170/4 | - | €10,549 | - | - | - |
| Other amounts payable178/9 | - | - | - | €32,000 | - |
| Amounts payable within one year42/48 | €14,809 | €44,161 | €66,678 | €48,974 | ▼ 26.6% |
| Current portion of amounts payable after more than one year42 | - | €17,424 | €10,549 | - | - |
| Financial debts43 | - | - | - | €5,889 | - |
| Credit institutions430/8 | - | - | - | €5,889 | - |
| Trade debts44 | €5,492 | €8,688 | €2,327 | €1,908 | ▼ 18.0% |
| Suppliers440/4 | €5,492 | €8,688 | €2,327 | €1,908 | ▼ 18.0% |
| Taxes, remuneration and social security45 | €7,203 | €5,143 | €24,763 | €10,786 | ▼ 56.4% |
| Taxes450/3 | €4,001 | €1,848 | €20,350 | €7,409 | ▼ 63.6% |
| Remuneration and social security454/9 | €3,203 | €3,295 | €4,413 | €3,377 | ▼ 23.5% |
| Other amounts payable47/48 | €2,114 | €12,906 | €29,039 | €30,391 | ▲ 4.7% |
| Accrued charges and deferred income492/3 | €350 | €450 | €450 | €900 | ▲ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,904 | €15,398 | €24,809 | €70,664 | ▲ 185% |
| + Depreciation and write-downs630 | €1,583 | €845 | €845 | €425 | ▼ 49.7% |
| Operating cash flow (approximation) | €12,487 | €16,243 | €25,653 | €71,089 | ▲ 177% |
| Investment in fixed assets (approximation) | - | -€34,000 | -€7,500 | -€104,000 | ▼ 1,287% |
| Change in cash | - | -€16,936 | -€1,451 | €8,582 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Comparable companies
These companies have the same main activity as BTECS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €178,000 and €237,000, founded between 2020 and 2022.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| BTECS Beernem | 2021 | €206,648 | €124,774 | €59,858 | - | €70,664 | 2025 |
| XILLIS-ENGINEERING Kortemark | 2021 | €205,335 | €103,051 | €64,813 | - | €24,009 | 2025 |
| DEMEX Ieper | 2021 | €197,541 | €132,327 | €70,464 | - | €41,984 | 2025 |
| MACLIRES Wevelgem | 2022 | €214,677 | €188,547 | €62,173 | - | €42,875 | 2025 |
| XPS CONSEILS & SERVICES Charleroi | 2021 | €177,517 | €161,023 | €57,805 | €187,615 | €11,194 | 2025 |
| JIM CONSULTING & SERVICES Herstal | 2021 | €178,942 | €74,614 | €52,957 | - | €19,780 | 2025 |
| LIRO TECHNICAL MANAGEMENT Beveren-Kruibeke-Zwijndrecht | 2020 | €236,769 | €141,238 | €67,654 | - | €44,665 | 2025 |
They were chosen from the 6,768 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.