BTMM
ActiveSummary
The computed 12-month bankruptcy probability of BTMM is 4.8% (elevated). The 2024 annual accounts show equity of €21,529 and a net result of €7,161. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 36380 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+10
Solvency50▼-37
Growth78=
Track record94
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 1.95 in 2023; short-term debt: 74.9% and cash: 15% of total assets), and 74.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
25.1%
Return on assets
8.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
75 d late
2022
60 d late
2021
365 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 139 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€21,529▲ 49.8%
2023 · €14,368
Total assets
€85,730▲ 272%
2023 · €23,024
Net result
€7,161▲ 7,199%
2023 · €98
Working capital
€16,475▲ 101%
2023 · €8,194
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
Line2021202220232024
Operating result-€6,417-€5,770€758▼ 86.9%€10,395▲ 1,272%
Net result-€6,452-€5,722€98▼ 98.3%€7,161▲ 7,199%
Equity€8,548-€14,270▲ 66.9%€14,368▲ 0.7%€21,529▲ 49.8%
Total assets€12,734-€22,859▲ 79.5%€23,024▲ 0.7%€85,730▲ 272%
Debt€4,186-€8,589▲ 105%€8,657▲ 0.8%€64,201▲ 642%
Working capital-€863-€5,735€8,194▲ 42.9%€16,475▲ 101%
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 2024; 2024 is 1,272% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €85,730
Fixed assets
€5,054 ▼ 18.1%
Current assets
€80,676 ▲ 379%
Equity and liabilities €85,730
Equity
€21,529 ▲ 49.8%
Debt
€64,201 ▲ 642%
Debt's share of the balance-sheet total rises from 37.6% to 74.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,965▲
2023 · €3,119
Cash flow
€8,732▲
2023 · €2,459
Current ratio
1.26▼
2023 · 1.95
Debt to equity
2.98▲
2023 · 0.60
ROE
33.3%▲
2023 · 0.7%
ROA
8.4%▲
2023 · 0.4%
Interest coverage
59.59▲
2023 · 18.77
Debt ≤ 1 year
€64,201▲
2023 · €8,657
Income taxes
€3,040▲
2023 · €567
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,703 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €969 | €2,303 | €2,361 | €1,570 | ▼ 33.5% |
| Other operating charges640/8 | - | €700 | €384 | €5,485 | ▲ 1,329% |
| Gross operating margin9900 | -€5,449 | €8,773 | €3,503 | €17,450 | ▲ 398% |
| Operating profit (loss)9901 | -€6,417 | €5,770 | €758 | €10,395 | ▲ 1,272% |
| Financial income75/76B | - | €0 | €74 | €7 | ▼ 89.9% |
| Recurring financial income75 | - | €0 | €74 | €7 | ▼ 89.9% |
| Financial charges65/66B | €35 | €48 | €166 | €201 | ▲ 20.8% |
| Recurring financial charges65 | €35 | €48 | €166 | €201 | ▲ 20.8% |
| Profit (loss) for the period before taxes9903 | -€6,452 | €5,722 | €665 | €10,201 | ▲ 1,434% |
| Income taxes67/77 | - | - | €567 | €3,040 | ▲ 436% |
| Profit (loss) for the period9904 | -€6,452 | €5,722 | €98 | €7,161 | ▲ 7,199% |
| Profit (loss) for the period to be appropriated9905 | -€6,452 | €5,722 | €98 | €7,161 | ▲ 7,199% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €12,734 | €22,859 | €23,024 | €85,730 | ▲ 272% |
| Fixed assets21/28 | €9,411 | €8,535 | €6,174 | €5,054 | ▼ 18.1% |
| Intangible fixed assets21 | €3,657 | €4,049 | €2,956 | €1,862 | ▼ 37.0% |
| Tangible fixed assets22/27 | €5,754 | €4,486 | €3,218 | €3,191 | ▼ 0.8% |
| Plant, machinery and equipment23 | €1,834 | €1,454 | €1,073 | €693 | ▼ 35.4% |
| Furniture and vehicles24 | €3,919 | €3,032 | €2,145 | €2,498 | ▲ 16.5% |
| Current assets29/58 | €3,323 | €14,324 | €16,850 | €80,676 | ▲ 379% |
| Amounts receivable within one year40/41 | €2,852 | €5,122 | €14,270 | €67,666 | ▲ 374% |
| Trade receivables40 | - | €4,174 | €6,575 | €6,920 | ▲ 5.2% |
| Other amounts receivable41 | €2,852 | €948 | €7,694 | €60,746 | ▲ 690% |
| Cash at bank and in hand54/58 | €471 | €9,201 | €2,581 | €12,885 | ▲ 399% |
| Deferred charges and accrued income490/1 | - | - | - | €125 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €12,734 | €22,859 | €23,024 | €85,730 | ▲ 272% |
| Equity10/15 | €8,548 | €14,270 | €14,368 | €21,529 | ▲ 49.8% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€6,452 | -€730 | -€632 | €6,529 | ▲ 1,133% |
| Amounts payable17/49 | €4,186 | €8,589 | €8,657 | €64,201 | ▲ 642% |
| Amounts payable within one year42/48 | €4,186 | €8,589 | €8,657 | €64,201 | ▲ 642% |
| Trade debts44 | €1,942 | €8,345 | €6,357 | €60,070 | ▲ 845% |
| Suppliers440/4 | €1,942 | €8,345 | €6,357 | €60,070 | ▲ 845% |
| Taxes, remuneration and social security45 | - | - | €651 | €4,131 | ▲ 534% |
| Taxes450/3 | - | - | €651 | €3,040 | ▲ 367% |
| Remuneration and social security454/9 | - | - | - | €1,091 | - |
| Other amounts payable47/48 | €2,244 | €244 | €1,648 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,452 | €5,722 | €98 | €7,161 | ▲ 7,199% |
| + Depreciation and write-downs630 | €969 | €2,303 | €2,361 | €1,570 | ▼ 33.5% |
| Operating cash flow (approximation) | -€5,483 | €8,024 | €2,459 | €8,732 | ▲ 255% |
| Investment in fixed assets (approximation) | - | -€1,427 | €0 | -€451 | - |
| Change in cash | - | €8,730 | -€6,621 | €10,304 | ▲ 256% |
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
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2021net €7,161 ▲7,199%
Operating result €10,395, net result €7,161, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 365 days late
2022
31-12
Financial
Back to profitnet €5,722
Net result €5,722 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.67
Current ratio from 0.79 to 1.67.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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, Sint-Jans-Molenbeek · 1 establishment unit since 2021
Ground area
486 m²
Building footprint
98 m²
Volume, LiDAR
1,156 m³
Parcel 21302A0114/00T000, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BTMM
since 20212.321.905.232
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0114/00T000 | Brussels | 486 m² | 1 · 98 m² | 15.1 m · 4 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 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,341 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
Founded10-05-2021
Fiscal year end31-12
Trade name FR
CHAUFFE MARCEL
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
43410Roofing work
43421Specialised construction activities
46130Agents in the wholesale of timber and building materials
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768249502
Also
9925:BE0768249502
Registered
26-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.