BTM HEALTHCARE
The computed 12-month bankruptcy probability of BTM HEALTHCARE is 2.4% (moderate). The 2024 annual accounts show equity of €151k and a net result of €148k. Equity is growing by ~52.3% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €151k |
| Net result | €148k |
| Active | 5 yrs |
| Locations | 1 |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 9 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €186k |
| Net profit | €148k |
| Cash flow | €170k |
| Staff costs | - |
| Income taxes | €43k |
| Dividends | €224k |
| Total assets | €166k |
| Equity | €151k |
| Debt | €15k |
| of which ≤ 1y | €15k |
| of which > 1y | - |
| Working capital | €100k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 7.53 |
| Quick ratio | 7.53 |
| Working capital ratio | 60.4% |
| Solvency | 90.7% |
| Debt / equity | 0.10 |
| Long-term debt ratio | - |
| Interest coverage | 228.67 |
| Gross margin | - |
| Net margin | - |
| ROA | 88.9% |
| ROE | 97.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €166k |
| Fixed assets | 21/28 | €51k |
| Tangible fixed assets | 22/27 | €50k |
| Financial fixed assets | 28 | €50 |
| Current assets | 29/58 | €116k |
| Investments | 50/53 | €73k |
| Cash & bank | 54/58 | €42k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €166k |
| Equity | 10/15 | €151k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €148k |
| Amounts payable | 17/49 | €15k |
| Amounts payable within one year | 42/48 | €15k |
| Trade debts payable within one year | 44 | €133 |
| Income statement | ||
| Gross operating margin | 9900 | €186k |
| Operating result | 9901 | €163k |
| Financial income | 75 | €29k |
| Financial charges | 65 | €812 |
| Result before taxes | 9903 | €191k |
| Income taxes | 67/77 | €43k |
| Net result for the period | 9904 | €148k |
| Result to be appropriated | 9905 | €148k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 17-12-2020 |
| Status | Active |
| Postal code | 1700 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016B0333/00T000 | Flanders | 2,689 m² | 1 · 878 m² | - |
| 21614E0061/00B004 | Brussels | 2,127 m² | 1 · 522 m² | 24.9 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-05-2026 Notarial deed · General meeting · Name change · Act object
- Filing: 2026-04-30 · KUGENER MEDICAL
- Publication: 2026-05-05 · KUGENER MEDICAL
- Notarial deed: 2026-04-30 · KUGENER MEDICAL
- General meeting: 2026-04-30 · KUGENER MEDICAL
- Name change: new_name: BTM Healthcare, old_name: KUGENER MEDICAL · KUGENER MEDICAL
- Act object: 1700 Dilbeek
Technical details
{
"facts": [
{
"type": "filing",
"quote": "Neergelegd 30-04-2026",
"value": "2026-04-30",
"object": null,
"subject": "e1"
},
{
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 05/05/2026",
"value": "2026-05-05",
"object": null,
"subject": "e1"
},
{
"type": "notarial_deed",
"quote": "Er blijkt uit een akte van 30 april 2026 verleden voor notaris Isabelle Van Campenhoudt te Schaarbeek",
"value": "2026-04-30",
"object": "e2",
"subject": "e1"
},
{
"type": "general_meeting",
"quote": "dat de buitengewone algemene vergadering volgend besluit genomen heeft:",
"value": "2026-04-30",
"object": null,
"subject": "e1"
},
{
"type": "name_change",
"quote": "De vergadering beslist de benaming van de vennootschap te wijzigen in \u0022BTM Healthcare\u0022",
"value": {
"new_name": "BTM Healthcare",
"old_name": "KUGENER MEDICAL"
},
"object": null,
"subject": "e1"
},
{
"type": "act_object",
"quote": "Onderwerp akte:\n1700 Dilbeek",
"value": "1700 Dilbeek",
"object": null,
"subject": null
}
],
"act_meta": {
"model_id": 40,
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"ocr_chars": 1186,
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},
"entities": [
{
"id": "e1",
"kbo": "0759.927.296",
"kind": "company",
"name": "KUGENER MEDICAL",
"attrs": {
"seat": "Po\u00EBzielaan 6 bus 102, 1700 Dilbeek",
"legal_form": "Besloten Vennootschap"
}
},
{
"id": "e2",
"kbo": null,
"kind": "person",
"name": "Isabelle Van Campenhoudt",
"attrs": {
"role": "notaris"
}
}
]
}05-07-2023 Articles of association amended
Technical details
{
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"act_meta": {
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},
"statute_change": {
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"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0759.927.296",
"name_full": "KUGENER MEDICAL",
"legal_form": "BV"
},
"signature_regime": "solo",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}21-12-2020 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1180 Uccle, Rue Henri Van Zuylen 80 bte 32",
"schema": "v3.2",
"act_meta": {
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"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1984-09-23",
"name": "KUGENER Luc Albert Fernand",
"niss": null,
"address": "1180 Uccle, Rue Henri Van Zuylen, 80 bo\u00EEte 32"
},
"share_class": "actions",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 3000.0,
"holder_person_name": "KUGENER Luc Albert Fernand",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 3000.0,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 3000.0,
"subject_company": {
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"initial_directors": [],
"incorporation_date": "2020-12-17",
"post_incorporation_mandates": []
}| Legal nameFR | KUGENER MEDICAL |
| Legal nameNL | BTM HEALTHCARE |