BTN
ActiveSummary
BTN has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.33M and a net result of €1.65M. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+12
Solvency68▲+3
Growth74▲+16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.65 in 2024; short-term debt: 35.2% and cash: 12.1% of total assets), but 56.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
43.1%
Return on assets
9.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
29 d early
2023
5 d early
2022
30 d late
2021
10 d late
2020
32 d early
2019
24 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€31.11M▲ 6.7%
2024 · €29.16M
2018: €15.84M
2019: €16.42M
2020: €15.72M
2021: €18.35M
2022: €27.16M
2023: €28.91M
2024: €29.16M
2018 → 2025
EBIT margin
8.5%▲ 4.6pp
2024 · 3.8%
2018: 10.3%
2019: 11.4%
2020: 10.1%
2021: 4.7%
2022: 5.5%
2023: 6.7%
2024: 3.8%
2018 → 2025
Net result
€1.65M▲ 274%
2024 · €440k
2018: €1.03M
2019: €1.25M
2020: €1.16M
2021: €541k
2022: €992k
2023: €1.20M
2024: €440k
2018 → 2025
Working capital
€4.82M▲ 37.8%
2024 · €3.50M
2018: €822k
2019: €1.85M
2020: €2.91M
2021: €2.78M
2022: €2.89M
2023: €3.38M
2024: €3.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18.35M-€27.16M▲ 48.0%€28.91M▲ 6.4%€29.16M▲ 0.9%€31.11M▲ 6.7%
Equity€4.32M-€4.68M▲ 8.4%€5.62M▲ 20.1%€5.99M▲ 6.5%€7.33M▲ 22.3%
Operating result€865k-€1.48M▲ 71.6%€1.93M▲ 30.3%€1.11M▼ 42.6%€2.63M▲ 137%
Net result€541k-€992k▲ 83.3%€1.20M▲ 20.8%€440k▼ 63.3%€1.65M▲ 274%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 137% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.00M
Fixed assets
€6.20M ▲ 2.8%
Current assets
€10.80M ▲ 21.2%
Equity and liabilities €17.00M
Equity
€7.33M ▲ 22.3%
Provisions
€470k ▲ 88.0%
Debt
€9.20M ▲ 5.8%
Debt's share of the balance-sheet total falls from 58.2% to 54.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.56M▲
2024 · €1.98M
Cash flow
€2.58M▲
2024 · €1.31M
Current ratio
1.81▲
2024 · 1.65
Quick ratio
0.76▲
2024 · 0.55
Debt to equity
1.26▼
2024 · 1.45
ROE
22.5%▲
2024 · 7.3%
ROA
9.7%▲
2024 · 2.9%
Interest coverage
22.23▲
2024 · 11.63
Debt ≤ 1 year
€5.98M▲
2024 · €5.41M
Debt > 1 year
€3.23M▼
2024 · €3.24M
Income taxes
€602k▲
2024 · €169k
Staff costs
€8.71M▲
2024 · €8.24M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 98 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14.94M€17.00M▲
Fixed assets21/28€6.03M€6.20M▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€6.02M€6.19M▲
Land and buildings22€2.45M€2.38M▼
Plant, machinery and equipment23€613k€494k▼
Furniture and vehicles24€26k€55k▲
Leasing and similar rights25€2.93M€2.54M▼
Assets under construction and advance payments27€0€719k▲
Financial fixed assets28€10k€10k=
Other financial fixed assets284/8€10k€10k=
Shares284€10k€10k=
Current assets29/58€8.91M€10.80M▲
Stocks and contracts in progress3€5.93M€6.25M▲
Stocks30/36€5.59M€5.54M▼
Raw materials and consumables30/31€5.59M€5.54M▼
Contracts in progress37€341k€709k▲
Amounts receivable within one year40/41€1.89M€2.11M▲
Trade receivables40€1.44M€1.31M▼
Other amounts receivable41€450k€806k▲
Current investments50/53-€339k
Other investments51/53-€339k
Cash at bank and in hand54/58€1.02M€2.06M▲
Deferred charges and accrued income490/1€66k€42k▼
Equity and liabilities
Total equity and liabilities10/49€14.94M€17.00M▲
Equity10/15€5.99M€7.33M▲
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€726k€1.25M▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€129k€547k▲
Distributable reserves133€582k€687k▲
Profit (loss) carried forward14€4.86M€5.49M▲
Investment grants15€256k€436k▲
Provisions and deferred taxes16€250k€470k▲
Provisions for liabilities and charges160/5€250k€470k▲
Other liabilities and charges164/5€250k€470k▲
Amounts payable17/49€8.70M€9.20M▲
Amounts payable after more than one year17€3.24M€3.23M▼
Financial debts170/4€3.24M€3.23M▼
Leasing and similar obligations172€2.30M€1.94M▼
Credit institutions173€940k€1.28M▲
Amounts payable within one year42/48€5.41M€5.98M▲
Current portion of amounts payable after more than one year42€1.26M€683k▼
Financial debts43€0€750k▲
Credit institutions430/8€0€750k▲
Trade debts44€2.95M€2.41M▼
Suppliers440/4€2.95M€2.41M▼
Taxes, remuneration and social security45€1.17M€1.51M▲
Taxes450/3€5k€173k▲
Remuneration and social security454/9€1.17M€1.34M▲
Other amounts payable47/48€26k€623k▲
Accrued charges and deferred income492/3€46k€0▼
Income statement
Code20242025
Operating income70/76A€29.65M€32.22M▲
Turnover70€29.16M€31.11M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-33k€368k▲
Other operating income74€517k€462k▼
Non-recurring operating income76A€10k€280k▲
Operating charges60/66A€28.54M€29.59M▲
Goods for resale, raw materials and consumables60€16.68M€16.89M▲
Purchases600/8€17.24M€16.84M▼
Change in stocks: decrease (increase)609€-561k€55k▲
Services and other goods61€2.45M€2.76M▲
Remuneration, social security and pensions62€8.24M€8.71M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€865k€931k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Provisions for liabilities and charges: additions (uses and reversals)635/8€0€220k▲
Other operating charges640/8€51k€51k▼
Non-recurring operating charges66A€248k€17k▼
Operating profit (loss)9901€1.11M€2.63M▲
Financial income75/76B€96k€131k▲
Recurring financial income75€96k€131k▲
Income from financial fixed assets750€0€2▲
Income from current assets751€0€207▲
Other financial income752/9€96k€131k▲
Financial charges65/66B€597k€511k▼
Recurring financial charges65€597k€511k▼
Debt charges650€170k€160k▼
Other financial charges652/9€427k€351k▼
Profit (loss) for the period before taxes9903€609k€2.25M▲
Income taxes67/77€169k€602k▲
Taxes670/3€169k€602k▲
Tax adjustments and reversals of tax provisions77€125€0▼
Profit (loss) for the period9904€440k€1.65M▲
Transfer from tax-exempt reserves789€145k€129k▼
Transfer to tax-exempt reserves689-€547k
Profit (loss) for the period to be appropriated9905€585k€1.23M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.03M€6.09M▲
Profit (loss) brought forward from the previous period14P€4.44M€4.86M▲
Transfer to equity691/2€145k€104k▼
To other reserves6921€145k€104k▼
Profit to be distributed694/7€25k€490k▲
Return on contributions (dividend)694€0€400k▲
Directors or managers695€25k€90k▲
Employees696€0€0=
Social balance
Average headcount (FTE)9087138.6153.5▲
The notes to these accounts (74 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.65M ▲274%
Operating result €2.63M, net result €1.65M, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €440k ▼63.3%
Net result drops to €440k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.62M ▲20.1%
6 profitable years in a row build equity to €5.62M.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Dison · 1 establishment unit since 1983
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.
Rue du Progrès 164821 DisonGround area
2,868 m²
Building footprint
330 m²
Volume, LiDAR
1,506 m³
Parcel 63002A0109/00E000, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Progrès 16, 4821 Dison
since 19832.023.218.575
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002A0109/00E000 | Wallonia | 2,868 m² | 1 · 330 m² | 5.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
64882A29GU6FM84H4D31
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Of 462 companies in sector 28250 we hold annual accounts for 285. 94 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-08-1983
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.