BTM

Active

Private limited companyfounded 201412 yrs activeHerentalsebaan 109, 2100 Antwerpen, BelgiumKBO/BCE: BE 0551.885.458

BTM has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82k and a net result of €9. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 5896 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

78 / 100

Excellent▼ -15 vs 2022

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability0▼-100

Solvency100=

Growth52=

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 15.43 against 6.55 in 2022), and 6.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

57 d late

2022

69 d late

2021

77 d late

2020

297 d late

2019

102 d late

2018

68 d late

← before the deadline after the 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 2024, micro schema

Equity

€82k▲ 15.5%

2022 · €71k

2018: €27k 2019: €39k 2020: €44k 2021: €50k 2022: €71k

2018 → 2024

Total assets

€88k▲ 4.7%

2022 · €84k

2018: €35k 2019: €55k 2020: €69k 2021: €70k 2022: €84k

2018 → 2024

Net result

€9▼ 100.0%

2022 · €21k

2018: €31k 2019: €12k 2020: €5k 2021: €6k 2022: €21k

2018 → 2024

Working capital

€82k▲ 15.5%

2022 · €71k

2018: €27k 2019: €39k 2020: €44k 2021: €50k 2022: €71k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222024Trend

Equity€39k-€44k▲ 13.3%€50k▲ 13.5%€71k▲ 41.6%€82k▲ 15.5%

Operating result€29k-€19k▼ 33.1%€8k▼ 57.5%€19k▲ 134%€-722

Net result€12k-€5k▼ 56.9%€6k▲ 15.3%€21k▲ 249%€9▼ 100.0%

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €722 after €19k in 2022, the lowest year so far.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Equity and liabilities €88k

93.5%

Equity €82k▲ 15.5%

Debt €6k▼ 55.5%

The debt ratio falls from 15.3% to 6.5%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2022

Solvency

93.5%▲

2022 · 84.7%

Current ratio

15.43▲

2022 · 6.55

Quick ratio

15.43▲

2022 · 6.55

Debt / equity

0.07▼

2022 · 0.18

ROE

0.0%▼

2022 · 29.4%

ROA

0.0%▼

2022 · 24.9%

Debt

€6k▼

2022 · €13k

Debt ≤ 1 year

€6k▼

2022 · €13k

Income taxes

€-1k▲

2022 · €-2k

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

Filed annual accounts

As filed with the NBB · 2024 against 2022

Balance sheet Code20222024

Assets

Total assets20/58€84k€88k▲

Current assets29/58€84k€88k▲

Amounts receivable within one year40/41€2k€625▼

Trade receivables40€2k-

Other amounts receivable41€83€625▲

Cash at bank and in hand54/58€82k€87k▲

Equity and liabilities

Total equity and liabilities10/49€84k€88k▲

Equity10/15€71k€82k▲

Contributions10/11€1k€1k=

Reserves13€13k€13k=

Non-distributable reserves130/1€13k€13k=

Reserves not available under the articles1311€13k€13k=

Profit (loss) carried forward14€57k€68k▲

Amounts payable17/49€13k€6k▼

Amounts payable within one year42/48€13k€6k▼

Trade debts44€794€725▼

Suppliers440/4€794€725▼

Taxes, remuneration and social security45€8k€1k▼

Taxes450/3€7k-

Remuneration and social security454/9€1k€1k=

Other amounts payable47/48€4k€4k=

Income statement Code20222024

Other operating charges640/8€450€505▲

Gross operating margin9900€20k€-217▼

Operating profit (loss)9901€19k€-722▼

Financial charges65/66B€279€269▼

Recurring financial charges65€279€269▼

Profit (loss) for the period before taxes9903€19k€-992▼

Income taxes67/77€-2k€-1k▲

Profit (loss) for the period9904€21k€9▼

Profit (loss) for the period to be appropriated9905€21k€9▼

Appropriation of the result

Profit (loss) to be appropriated9906€57k€68k▲

Profit (loss) brought forward from the previous period14P€36k€68k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 2Filings 9

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 57 days late

2024

31-12

Financial Weakest financial yearnet €9 ▼100%

Net result drops to €9, the lowest in the series.

31-12

Financial Liquidity doublescurrent ratio 15.43

Current ratio from 6.55 to 15.43; short-term debt falls from €13k to €6k.

2023

08-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 69 days late

2022

16-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 77 days late

24-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 297 days late

2020

10-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 102 days late

2019

07-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 68 days late

2018

01-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 62 days late

01-10

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 427 days late

01-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 792 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2017

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

29-11-2017 Resigned as Manager

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2014

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Herentalsebaan 1092100 Antwerpen

Ground area

116 m²

Building footprint

116 m²

Volume, LiDAR