BTN PRO
InactiveBTN PRO was declared bankrupt on 12-12-2024 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 10-02-2026, published in the Belgian State Gazette on 13-02-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
283 d late
2019
647 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 330 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Equity
€671,876▲ 12.5%
2020 · €597,428
Total assets
€1.1m▲ 6.2%
2020 · €1.1m
Net result
€83,948▼ 74.1%
2020 · €324,649
Working capital
€256,454▲ 44.6%
2020 · €177,322
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
Line2018201920202021
Operating result€72,876-€221,663▲ 204%€423,180▲ 90.9%€111,259▼ 73.7%
Net result€57,096-€177,990▲ 212%€324,649▲ 82.4%€83,948▼ 74.1%
Equity€94,790-€272,780▲ 188%€597,428▲ 119%€671,876▲ 12.5%
Total assets€239,379-€645,787▲ 170%€1.1m▲ 65.0%€1.1m▲ 6.2%
Debt€144,589-€373,007▲ 158%€468,356▲ 25.6%€460,497▼ 1.7%
Working capital€107,077-€201,578▲ 88.3%€177,322▼ 12.0%€256,454▲ 44.6%
Staff (FTE)1.2-1▼ 16.7%1.6▲ 60.0%1.5▼ 6.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 74% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.1m
Fixed assets
€652,796 ▼ 3.2%
Current assets
€479,577 ▲ 22.5%
Equity and liabilities €1.1m
Equity
€671,876 ▲ 12.5%
Debt
€460,497 ▼ 1.7%
Debt's share of the balance-sheet total falls from 43.9% to 40.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144,498▼
2020 · €452,484
Cash flow
€117,186▼
2020 · €353,952
Current ratio
2.15▲
2020 · 1.83
Debt to equity
0.69▼
2020 · 0.78
ROE
12.5%▼
2020 · 54.3%
ROA
7.4%▼
2020 · 30.5%
Interest coverage
22.02▼
2020 · 65.59
Debt ≤ 1 year
€223,123▲
2020 · €214,286
Debt > 1 year
€214,058▼
2020 · €230,754
Income taxes
€20,751▼
2020 · €91,708
Staff costs
€64,855▲
2020 · €53,789
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37,657 | €53,789 | €64,855 | ▲ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,164 | €11,968 | €29,303 | €33,238 | ▲ 13.4% |
| Other operating charges640/8 | - | €2,896 | €2,530 | €4,766 | ▲ 88.4% |
| Gross operating margin9900 | €133,672 | €274,184 | €508,802 | €214,119 | ▼ 57.9% |
| Operating profit (loss)9901 | €72,876 | €221,663 | €423,180 | €111,259 | ▼ 73.7% |
| Financial income75/76B | - | €43 | €76 | €0 | ▼ 100.0% |
| Recurring financial income75 | €7 | €43 | €76 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €4,240 | €6,899 | €6,561 | ▼ 4.9% |
| Recurring financial charges65 | €394 | €4,240 | €6,899 | €6,561 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €72,489 | €217,466 | €416,357 | €104,698 | ▼ 74.9% |
| Income taxes67/77 | €15,392 | €39,476 | €91,708 | €20,751 | ▼ 77.4% |
| Profit (loss) for the period9904 | €57,096 | €177,990 | €324,649 | €83,948 | ▼ 74.1% |
| Profit (loss) for the period to be appropriated9905 | €57,096 | €177,990 | €324,649 | €83,948 | ▼ 74.1% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €239,379 | €645,787 | €1.1m | €1.1m | ▲ 6.2% |
| Fixed assets21/28 | €11,029 | €341,705 | €674,177 | €652,796 | ▼ 3.2% |
| Tangible fixed assets22/27 | €9,229 | €341,705 | €674,177 | €652,796 | ▼ 3.2% |
| Land and buildings22 | - | €327,688 | €665,032 | €644,461 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €13,376 | €9,133 | €8,335 | ▼ 8.7% |
| Furniture and vehicles24 | - | €641 | €12 | - | - |
| Financial fixed assets28 | €1,800 | - | - | - | - |
| Current assets29/58 | €228,350 | €304,082 | €391,608 | €479,577 | ▲ 22.5% |
| Amounts receivable within one year40/41 | €198,314 | €223,025 | €388,472 | €474,877 | ▲ 22.2% |
| Trade receivables40 | - | €92,143 | €211,421 | €208,132 | ▼ 1.6% |
| Other amounts receivable41 | - | €130,882 | €177,051 | €266,746 | ▲ 50.7% |
| Cash at bank and in hand54/58 | €30,036 | €81,057 | €3,136 | €5 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,694 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €239,379 | €645,787 | €1.1m | €1.1m | ▲ 6.2% |
| Equity10/15 | €94,790 | €272,780 | €597,428 | €671,876 | ▲ 12.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - |
| Reserves13 | €76,190 | €76,190 | €76,190 | €76,190 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €74,330 | €74,330 | €74,330 | = |
| Profit (loss) carried forward14 | - | €177,990 | €502,638 | €577,086 | ▲ 14.8% |
| Amounts payable17/49 | €144,589 | €373,007 | €468,356 | €460,497 | ▼ 1.7% |
| Amounts payable after more than one year17 | - | €247,186 | €230,754 | €214,058 | ▼ 7.2% |
| Financial debts170/4 | - | €247,186 | €230,754 | €214,058 | ▼ 7.2% |
| Amounts payable within one year42/48 | €121,272 | €102,504 | €214,286 | €223,123 | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | - | €16,162 | €19,144 | €16,696 | ▼ 12.8% |
| Financial debts43 | - | - | €17,490 | €3,204 | ▼ 81.7% |
| Credit institutions430/8 | - | - | €17,490 | €3,204 | ▼ 81.7% |
| Trade debts44 | €94,792 | €19,385 | €1,298 | - | - |
| Suppliers440/4 | - | €19,385 | €1,298 | - | - |
| Taxes, remuneration and social security45 | - | €66,957 | €176,354 | €193,722 | ▲ 9.8% |
| Taxes450/3 | - | €60,652 | €156,764 | €180,070 | ▲ 14.9% |
| Remuneration and social security454/9 | - | €6,305 | €19,590 | €13,652 | ▼ 30.3% |
| Other amounts payable47/48 | - | - | - | €9,500 | - |
| Accrued charges and deferred income492/3 | - | €23,317 | €23,317 | €23,317 | = |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,096 | €177,990 | €324,649 | €83,948 | ▼ 74.1% |
| + Depreciation and write-downs630 | €6,164 | €11,968 | €29,303 | €33,238 | ▲ 13.4% |
| Operating cash flow (approximation) | €63,260 | €189,958 | €353,952 | €117,186 | ▼ 66.9% |
| Investment in fixed assets (approximation) | - | -€342,643 | -€361,776 | -€11,858 | ▲ 96.7% |
| Change in cash | - | €51,021 | -€77,921 | -€3,131 | ▲ 96.0% |
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
2026
13-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 10-02-2026
2024
18-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 12-12-2024
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 283 days late
09-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 647 days late
2020
31-12
Financial
Highest result since 2018net €324,649 ▲82.4%
Operating result €423,180, net result €324,649, both a record.
31-12
Financial
Equity above €500,000Eq €597,428 ▲119%
3 profitable years in a row build equity to €597,428.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 302 days late
2019
31-12
Financial
Equity above €200,000Eq €272,780 ▲188%
2 profitable years in a row build equity to €272,780.
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | THEO MACOURS EERSELS 56, 3980 TESSENDERLO- |
12-12-2024 → 10-02-2026 |
| Curator | SEBASTIAAN MEEUWENS EERSELS 56,
3980 TESSENDERLO |
12-12-2024 → 10-02-2026 |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 433 EUR awarded · 433 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 339 EUR | 339 EUR |
| 2022 | 1 | 94 EUR | 94 EUR |