BTM Management
ActiveSummary
BTM Management has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €36k. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+5
Solvency41▲+5
Growth85▲+17
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.22 in 2024; short-term debt: 21.3% and cash: 7% of total assets), and 83.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
16.2%
Return on assets
9.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
28 d early
2023
97 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€212k▲ 23.1%
2024 · €172k
EBIT margin
24.9%▲ 12.2pp
2024 · 12.7%
Net result
€36k▲ 161%
2024 · €14k
Working capital
€-55k▼ 26.6%
2024 · €-43k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€99k-€172k▲ 72.8%€212k▲ 23.1%
Operating result€28k-€22k▼ 21.8%€53k▲ 142%
Net result€22k-€14k▼ 37.3%€36k▲ 161%
EBIT margin28.0%-12.7%▼ 15.3pp24.9%▲ 12.2pp
Equity€27k-€41k▲ 51.2%€62k▲ 51.8%
Total assets€116k-€362k▲ 213%€385k▲ 6.3%
Debt€88k-€321k▲ 263%€322k▲ 0.4%
Working capital€-19k-€-43k▼ 124%€-55k▼ 26.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 142% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385k
Fixed assets
€358k ▲ 2.2%
Current assets
€27k ▲ 124%
Equity and liabilities €385k
Equity
€62k ▲ 51.8%
Debt
€322k ▲ 0.4%
Debt's share of the balance-sheet total falls from 88.6% to 83.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100k▲
2024 · €59k
Cash flow
€84k▲
2024 · €51k
Current ratio
0.33▲
2024 · 0.22
Debt to equity
5.16▼
2024 · 7.80
ROE
58.1%▲
2024 · 33.9%
ROA
9.4%▲
2024 · 3.8%
Interest coverage
8.49▲
2024 · 7.46
Debt ≤ 1 year
€82k▲
2024 · €56k
Debt > 1 year
€236k▼
2024 · €266k
Income taxes
€4k▲
2024 · €375
Staff costs
€41k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €99k | €172k | €212k | ▲ 23.1% |
| Goods, raw materials, services and sundry goods60/61 | €42k | €72k | €62k | ▼ 13.1% |
| Remuneration, social security and pensions62 | €7k | €37k | €41k | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €37k | €47k | ▲ 26.3% |
| Other operating charges640/8 | €459 | €4k | €8k | ▲ 118% |
| Non-recurring operating charges66A | €1k | - | - | - |
| Gross operating margin9900 | €57k | €100k | €149k | ▲ 48.9% |
| Operating profit (loss)9901 | €28k | €22k | €53k | ▲ 142% |
| Financial income75/76B | - | €503 | - | - |
| Recurring financial income75 | - | €503 | - | - |
| Financial charges65/66B | €40 | €8k | €12k | ▲ 48.2% |
| Recurring financial charges65 | €40 | €8k | €12k | ▲ 48.2% |
| Profit (loss) for the period before taxes9903 | €28k | €14k | €41k | ▲ 185% |
| Income taxes67/77 | €6k | €375 | €4k | ▲ 1,100% |
| Profit (loss) for the period9904 | €22k | €14k | €36k | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €22k | €14k | €36k | ▲ 161% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €116k | €362k | €385k | ▲ 6.3% |
| Fixed assets21/28 | €47k | €350k | €358k | ▲ 2.2% |
| Intangible fixed assets21 | €33k | €17k | - | - |
| Tangible fixed assets22/27 | €13k | €333k | €358k | ▲ 7.3% |
| Land and buildings22 | - | €309k | €343k | ▲ 11.0% |
| Plant, machinery and equipment23 | €5k | €5k | - | - |
| Furniture and vehicles24 | €3k | €19k | €14k | ▼ 25.0% |
| Assets under construction and advance payments27 | €5k | - | - | - |
| Current assets29/58 | €69k | €12k | €27k | ▲ 124% |
| Amounts receivable within one year40/41 | €28k | €2k | €141 | ▼ 93.9% |
| Trade receivables40 | €22k | - | - | - |
| Other amounts receivable41 | €6k | €2k | €141 | ▼ 93.9% |
| Cash at bank and in hand54/58 | €42k | €10k | €27k | ▲ 175% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €116k | €362k | €385k | ▲ 6.3% |
| Equity10/15 | €27k | €41k | €62k | ▲ 51.8% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | - | - | €21k | - |
| Distributable reserves133 | - | - | €21k | - |
| Profit (loss) carried forward14 | €22k | €36k | €36k | ▲ 0.9% |
| Amounts payable17/49 | €88k | €321k | €322k | ▲ 0.4% |
| Amounts payable after more than one year17 | - | €266k | €236k | ▼ 11.3% |
| Financial debts170/4 | - | €266k | €236k | ▼ 11.3% |
| Amounts payable within one year42/48 | €88k | €56k | €82k | ▲ 47.9% |
| Current portion of amounts payable after more than one year42 | - | €29k | €30k | ▲ 4.5% |
| Financial debts43 | €15k | - | - | - |
| Credit institutions430/8 | €15k | - | - | - |
| Trade debts44 | - | €948 | €10k | ▲ 904% |
| Suppliers440/4 | - | €948 | €10k | ▲ 904% |
| Taxes, remuneration and social security45 | €13k | €23k | €27k | ▲ 19.7% |
| Taxes450/3 | €10k | €10k | €14k | ▲ 40.8% |
| Remuneration and social security454/9 | €4k | €13k | €13k | ▲ 3.2% |
| Other amounts payable47/48 | €61k | €3k | €15k | ▲ 411% |
| Accrued charges and deferred income492/3 | - | - | €5k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €14k | €36k | ▲ 161% |
| + Depreciation and write-downs630 | €21k | €37k | €47k | ▲ 26.3% |
| Operating cash flow (approximation) | €43k | €51k | €84k | ▲ 62.7% |
| Investment in fixed assets (approximation) | - | €-341k | €-55k | ▲ 83.9% |
| Change in cash | - | €-32k | €17k | ▲ 154% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2023net €36k ▲161%
Operating result €53k, net result €36k, both a record.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €14k ▼37.3%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Quaregnon · 1 establishment unit since 2022
Ground area
282 m²
Building footprint
51 m²
Volume, LiDAR
402 m³
Parcel 53080A0203/00S002, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
BTM Management
since 20222.338.504.209
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53080A0203/00S002 | Wallonia | 282 m² | 1 · 51 m² | 9.9 m · 3 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,176 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
Founded23-11-2022
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
46180Agents specialised in the wholesale of other particular products
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
78100Employment placement agencies
Scores and ratios are computed by Checked and are not a credit decision.