BTL Belgium

Active

Private limited companyfounded 20242 yrs activePrins Boudewijnlaan 30, 2550 Kontich, BelgiumKBO/BCE: BE 1007.667.771

Summary

The computed 12-month bankruptcy probability of BTL Belgium is 3.7% (moderate). The 2025 annual accounts show negative equity (€-215k) and a net result of €-137k. Its solvency ranks better than 8% of 18400 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

BTL BelgiumActiveChecked score 23/100

Risk analysis Report Compare

Checked score

Score 2025

23 / 100

Critical

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency0=

Growth32

Track record82

Bankruptcy probability, 12 months

3.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.32 against 0.58 in 2024; short-term debt: 257.7% and cash: 27.7% of total assets), and equity is negative.

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-157.7%

Return on assets

-100.6%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Retail trade (NACE 47)

about 45% more bankruptcies

← fewer bankruptcies more bankruptcies →

Negative equity

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

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year €-215k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

31 d late

2024

28 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-215k▼ 176%

2024 · €-78k

2024: €-78k 2025: €-215k▼ -176% vs 2024

2024 → 2025

Total assets

€137k▼ 23.6%

2024 · €179k

2024: €179k 2025: €137k▼ -23.6% vs 2024

2024 → 2025

Net result

€-137k▼ 56.0%

2024 · €-88k

2024: €-88k 2025: €-137k▼ -56.0% vs 2024

2024 → 2025

Working capital

€-238k▼ 120%

2024 · €-108k

2024: €-108k 2025: €-238k▼ -120% vs 2024

2024 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€-78k-€-215k▼ 176% 2024: €-78k 2025: €-215k▼ -176% vs 2024

Operating result€-86k-€-135k▼ 56.9% 2024: €-86k 2025: €-135k▼ -56.9% vs 2024

Net result€-88k-€-137k▼ 56.0% 2024: €-88k 2025: €-137k▼ -56.0% vs 2024

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €135k in 2025 against €86k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €137k

16.9%

83.1%

Fixed assets €23k ▼ 23.5%

Current assets €113k ▼ 23.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-128k▼

2024 · €-82k

Cash flow

€-130k▼

2024 · €-83k

Solvency

-157.7%▼

2024 · -43.6%

Current ratio

0.32▼

2024 · 0.58

Quick ratio

0.14▼

2024 · 0.38

Debt to equity

-1.63▲

2024 · -3.29

ROA

-100.6%▼

2024 · -49.2%

Interest coverage

-64.11▼

2024 · -45.61

Debt

€352k▲

2024 · €257k

Debt ≤ 1 year

€352k▲

2024 · €257k

Income taxes

€110▲

2024 · €35

Staff costs

€88k▲

2024 · €52k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€179k€137k▼

Fixed assets21/28€30k€23k▼

Tangible fixed assets22/27€30k€23k▼

Furniture and vehicles24€30k€23k▼

Financial fixed assets28€375€175▼

Current assets29/58€149k€113k▼

Stocks and contracts in progress3€51k€65k▲

Stocks30/36€51k€65k▲

Amounts receivable within one year40/41€19k€10k▼

Trade receivables40€13k€6k▼

Other amounts receivable41€6k€5k▼

Cash at bank and in hand54/58€78k€38k▼

Equity and liabilities

Total equity and liabilities10/49€179k€137k▼

Equity10/15€-78k€-215k▼

Contributions10/11€10k€10k=

Profit (loss) carried forward14€-88k€-225k▼

Amounts payable17/49€257k€352k▲

Amounts payable within one year42/48€257k€352k▲

Trade debts44€76k€112k▲

Suppliers440/4€76k€112k▲

Advances received on contracts in progress46-€820

Taxes, remuneration and social security45€10k€19k▲

Taxes450/3€3k€154▼

Remuneration and social security454/9€7k€18k▲

Other amounts payable47/48€171k€221k▲

Income statement Code20242025

Remuneration, social security and pensions62€52k€88k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲

Other operating charges640/8€814€342▼

Gross operating margin9900€-28k€-40k▼

Operating profit (loss)9901€-86k€-135k▼

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€-88k€-137k▼

Income taxes67/77€35€110▲

Profit (loss) for the period9904€-88k€-137k▼

Profit (loss) for the period to be appropriated9905€-88k€-137k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-88k€-225k▼

Profit (loss) brought forward from the previous period14P-€-88k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2024	2025	Change
Remuneration, social security and pensions62	€52k	€88k	▲ 67.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€5k	€7k	▲ 50.0%
Other operating charges640/8	€814	€342	▼ 57.9%
Gross operating margin9900	€-28k	€-40k	▼ 41.4%
Operating profit (loss)9901	€-86k	€-135k	▼ 56.9%
Financial charges65/66B	€2k	€2k	▲ 11.9%
Recurring financial charges65	€2k	€2k	▲ 11.9%
Profit (loss) for the period before taxes9903	€-88k	€-137k	▼ 56.0%
Income taxes67/77	€35	€110	▲ 215%
Profit (loss) for the period9904	€-88k	€-137k	▼ 56.0%
Profit (loss) for the period to be appropriated9905	€-88k	€-137k	▼ 56.0%

Line	2024	2025	Change
Assets
Total assets20/58	€179k	€137k	▼ 23.6%
Fixed assets21/28	€30k	€23k	▼ 23.5%
Tangible fixed assets22/27	€30k	€23k	▼ 23.1%
Furniture and vehicles24	€30k	€23k	▼ 23.1%
Financial fixed assets28	€375	€175	▼ 53.4%
Current assets29/58	€149k	€113k	▼ 23.6%
Stocks and contracts in progress3	€51k	€65k	▲ 27.2%
Stocks30/36	€51k	€65k	▲ 27.2%
Amounts receivable within one year40/41	€19k	€10k	▼ 46.4%
Trade receivables40	€13k	€6k	▼ 56.1%
Other amounts receivable41	€6k	€5k	▼ 27.3%
Cash at bank and in hand54/58	€78k	€38k	▼ 51.6%
Equity and liabilities
Total equity and liabilities10/49	€179k	€137k	▼ 23.6%
Equity10/15	€-78k	€-215k	▼ 176%
Contributions10/11	€10k	€10k	=
Profit (loss) carried forward14	€-88k	€-225k	▼ 156%
Amounts payable17/49	€257k	€352k	▲ 37.1%
Amounts payable within one year42/48	€257k	€352k	▲ 37.1%
Trade debts44	€76k	€112k	▲ 47.4%
Suppliers440/4	€76k	€112k	▲ 47.4%
Advances received on contracts in progress46	-	€820	-
Taxes, remuneration and social security45	€10k	€19k	▲ 81.0%
Taxes450/3	€3k	€154	▼ 95.4%
Remuneration and social security454/9	€7k	€18k	▲ 167%
Other amounts payable47/48	€171k	€221k	▲ 29.3%

Line	2024	2025	Change
Profit (loss) for the period9904	€-88k	€-137k	▼ 56.0%
+ Depreciation and write-downs630	€5k	€7k	▲ 50.0%
Operating cash flow (approximation)	€-83k	€-130k	▼ 56.4%
Investment in fixed assets (approximation)	-	€200	-
Change in cash	-	€-40k	-

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

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 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, Kontich · 1 establishment unit since 2024

seat establishment The establishment unit on the map

Ground area

1.3 ha

Building footprint

2,870 m²

Volume, LiDAR

21,697 m³

Parcel 11024B0123/00E000, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.

24 companies at this address See who is registered here

1 establishment unit

BTL Belgium

Prins Boudewijnlaan 30, 2550 KontichAgents in non-specialised wholesale trade

since 20242.361.693.741

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11024B0123/00E000	Flanders	1.3 ha	1 · 2,870 m²	14.6 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.

Similar companies · same sector and region

BANDAGISTERIE DER KINDEREN

BE 0478.331.051

Kasterlee

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,070 companies in sector 47741 we hold annual accounts for 644. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded27-03-2024

Fiscal year end31-12

Activities, NACEBEL 2025

46460Wholesale of pharmaceutical and medical goods

47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses

Scores and ratios are computed by Checked and are not a credit decision.