BTF Mesures
ActiveSummary
BTF Mesures has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159,275 and a net result of €30,308. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-5
Solvency66▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 2.35 in 2024; short-term debt: 56.5% and cash: 5.7% of total assets), but 58.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.3%
Return on assets
7.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
17 d early
2023
20 d early
2022
10 d early
2021
26 d late
2020
24 d late
2019
21 d early
← 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€159,275▲ 1.5%
2024 · €156,966
Total assets
€385,921▲ 41.7%
2024 · €272,272
Net result
€30,308▼ 9.4%
2024 · €33,439
Working capital
€155,263▼ 0.1%
2024 · €155,385
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€827▲ 75.4%€41,271€6,551▼ 84.1%€35,369▲ 440%€31,678▼ 10.4%
Net result€536within the sector's middle half€42,100above the sector's middle half▲ 7,748%€4,212within the sector's middle half▼ 90.0%€33,439above the sector's middle half▲ 694%€30,308above the sector's middle half▼ 9.4%
Equity€107,216within the sector's middle half▲ 0.5%€149,315within the sector's middle half▲ 39.3%€153,528within the sector's middle half▲ 2.8%€156,966within the sector's middle half▲ 2.2%€159,275within the sector's middle half▲ 1.5%
Total assets€163,547within the sector's middle half▲ 22.9%€251,425within the sector's middle half▲ 53.7%€208,636within the sector's middle half▼ 17.0%€272,272within the sector's middle half▲ 30.5%€385,921within the sector's middle half▲ 41.7%
Debt€56,331▲ 113%€102,110▲ 81.3%€55,108▼ 46.0%€115,306▲ 109%€226,646▲ 96.6%
Working capital€105,856within the sector's middle half▲ 1.3%€148,737above the sector's middle half▲ 40.5%€152,950above the sector's middle half▲ 2.8%€155,385above the sector's middle half▲ 1.6%€155,263above the sector's middle half▼ 0.1%
Solvency65.6%within the sector's middle half▼ 14.6pp59.4%within the sector's middle half▼ 6.2pp73.6%above the sector's middle half▲ 14.2pp57.7%within the sector's middle half▼ 15.9pp41.3%within the sector's middle half▼ 16.4pp
Current ratio2.88within the sector's middle half▼ 2.082.46within the sector's middle half▼ 0.423.78above the sector's middle half▲ 1.322.35within the sector's middle half▼ 1.431.71within the sector's middle half▼ 0.64
Return on assets (ROA)0.3%within the sector's middle half▲ 2.2pp16.7%above the sector's middle half▲ 16.4pp2.0%within the sector's middle half▼ 14.7pp12.3%within the sector's middle half▲ 10.3pp7.9%within the sector's middle half▼ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385,921
Fixed assets
€12,506 ▲ 691%
Current assets
€373,415 ▲ 37.9%
Equity and liabilities €385,921
Equity
€159,275 ▲ 1.5%
Debt
€226,646 ▲ 96.6%
Debt's share of the balance-sheet total rises from 42.3% to 58.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,670▼
2024 · €35,718
Cash flow
€32,300▼
2024 · €33,788
Quick ratio
1.53▼
2024 · 2.03
Debt to equity
1.42▲
2024 · 0.73
ROE
19.0%▼
2024 · 21.3%
Interest coverage
62.33▼
2024 · 113.38
Debt ≤ 1 year
€218,152▲
2024 · €115,306
Debt > 1 year
€8,494
Income taxes
€1,074▼
2024 · €1,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,113 | €781 | €684 | €349 | €1,992 | ▲ 470% |
| Gross operating margin9900 | €286 | €42,052 | €7,236 | €35,718 | €33,670 | ▼ 5.7% |
| Operating profit (loss)9901 | -€827 | €41,271 | €6,551 | €35,369 | €31,678 | ▼ 10.4% |
| Financial income75/76B | €1,804 | €2,988 | €89 | €0 | €245 | ▲ 2,447,000% |
| Recurring financial income75 | €1,804 | €2,988 | €89 | €0 | €245 | ▲ 2,447,000% |
| Financial charges65/66B | €440 | €309 | €307 | €315 | €540 | ▲ 71.5% |
| Recurring financial charges65 | €440 | €309 | €307 | €315 | €540 | ▲ 71.5% |
| Profit (loss) for the period before taxes9903 | €537 | €43,950 | €6,333 | €35,054 | €31,383 | ▼ 10.5% |
| Income taxes67/77 | €0 | €1,850 | €2,121 | €1,615 | €1,074 | ▼ 33.5% |
| Profit (loss) for the period9904 | €536 | €42,100 | €4,212 | €33,439 | €30,308 | ▼ 9.4% |
| Profit (loss) for the period to be appropriated9905 | €536 | €42,100 | €4,212 | €33,439 | €30,308 | ▼ 9.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163,547 | €251,425 | €208,636 | €272,272 | €385,921 | ▲ 41.7% |
| Fixed assets21/28 | €1,360 | €579 | €578 | €1,581 | €12,506 | ▲ 691% |
| Tangible fixed assets22/27 | €1,360 | €579 | €578 | €1,581 | €12,506 | ▲ 691% |
| Plant, machinery and equipment23 | - | - | €513 | €285 | €5,191 | ▲ 1,722% |
| Furniture and vehicles24 | €1,360 | €579 | €65 | €1,297 | €7,315 | ▲ 464% |
| Current assets29/58 | €162,187 | €250,847 | €208,058 | €270,691 | €373,415 | ▲ 37.9% |
| Stocks and contracts in progress3 | €29,613 | €29,396 | €28,425 | €37,134 | €38,915 | ▲ 4.8% |
| Stocks30/36 | €29,613 | €29,396 | €28,425 | €37,134 | €38,915 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €110,128 | €130,064 | €160,795 | €176,685 | €312,154 | ▲ 76.7% |
| Trade receivables40 | €48,991 | €41,301 | €34,266 | €23,430 | €177,167 | ▲ 656% |
| Other amounts receivable41 | €61,137 | €88,763 | €126,529 | €153,255 | €134,987 | ▼ 11.9% |
| Cash at bank and in hand54/58 | €22,105 | €91,023 | €18,838 | €56,872 | €22,031 | ▼ 61.3% |
| Deferred charges and accrued income490/1 | €341 | €364 | - | - | €315 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163,547 | €251,425 | €208,636 | €272,272 | €385,921 | ▲ 41.7% |
| Equity10/15 | €107,216 | €149,315 | €153,528 | €156,966 | €159,275 | ▲ 1.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €116,750 | €116,750 | €116,750 | €131,966 | €134,275 | ▲ 1.7% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | - | - | - |
| Tax-exempt reserves132 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Distributable reserves133 | €108,250 | €108,250 | €108,250 | €125,966 | €128,275 | ▲ 1.8% |
| Profit (loss) carried forward14 | -€34,534 | €7,565 | €11,778 | - | - | - |
| Amounts payable17/49 | €56,331 | €102,110 | €55,108 | €115,306 | €226,646 | ▲ 96.6% |
| Amounts payable after more than one year17 | - | - | - | - | €8,494 | - |
| Financial debts170/4 | - | - | - | - | €8,494 | - |
| Amounts payable within one year42/48 | €56,331 | €102,110 | €55,108 | €115,306 | €218,152 | ▲ 89.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €2,996 | - |
| Trade debts44 | €46,010 | €76,255 | €38,819 | €75,615 | €156,035 | ▲ 106% |
| Suppliers440/4 | €46,010 | €76,255 | €38,819 | €75,615 | €156,035 | ▲ 106% |
| Taxes, remuneration and social security45 | €8,926 | €25,354 | €14,196 | €8,299 | €29,653 | ▲ 257% |
| Taxes450/3 | €8,926 | €25,354 | €14,196 | €8,299 | €29,653 | ▲ 257% |
| Other amounts payable47/48 | €1,395 | €501 | €2,094 | €31,391 | €29,468 | ▼ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €536 | €42,100 | €4,212 | €33,439 | €30,308 | ▼ 9.4% |
| + Depreciation and write-downs630 | €1,113 | €781 | €684 | €349 | €1,992 | ▲ 470% |
| Operating cash flow (approximation) | €1,649 | €42,881 | €4,897 | €33,788 | €32,300 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | €0 | -€684 | -€1,353 | -€12,916 | ▼ 855% |
| Change in cash | - | €68,918 | -€72,185 | €38,034 | -€34,841 | ▼ 192% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €153,528 ▲2.8%
3 profitable years in a row build equity to €153,528.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €42,100 ▲7,748%
Operating result €41,271, net result €42,100, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €536
Net result €536 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €19,240
Net result €19,240 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €109,192 ▲21.4%
Equity rises from €89,951 to €109,192.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Fléron · 1 establishment unit since 2002
Ground area
335 m²
Building footprint
94 m²
Volume, LiDAR
525 m³
Parcel 62038A0116/00V000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue du Bac 12, 4620 Fléron
since 20022.091.200.432
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62038A0116/00V000 | Wallonia | 335 m² | 1 · 94 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- HBBH
- BTF Mesures
Highest known parent: HBBH. The sources do not say who stands above it.
Owners 1
- HBBHparentSourceaccounts HBBH 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,501 companies in sector 46649 we hold annual accounts for 1,762. 1,205 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46180Agents specialised in the wholesale of other particular products
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466073221
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.