BTR
ActiveSummary
BTR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135k and a net result of €2k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+20
Solvency88▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.04 in 2024; short-term debt: 37.1% and cash: 0% of total assets), and 37.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
62.9%
Return on assets
1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
27 d late
2024
6 d early
2023
41 d early
2022
146 d early
2021
31 d late
2020
26 d late
2019
21 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€135k▲ 1.6%
2024 · €133k
Total assets
€214k▼ 6.6%
2024 · €229k
Net result
€2k
2024 · €-2k
Working capital
€104k▲ 3.0%
2024 · €101k
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
Line20212022202320242025
Operating result€2k▼ 78.6%€-129€45k€-3k€5k
Net result€2k▼ 64.0%€204▼ 91.4%€33k▲ 15,878%€-2k€2k
Equity€101k▲ 2.4%€102k▲ 0.2%€134k▲ 32.1%€133k▼ 1.4%€135k▲ 1.6%
Total assets€213k▼ 11.3%€213k=€237k▲ 11.4%€229k▼ 3.3%€214k▼ 6.6%
Debt€111k▼ 20.9%€111k▼ 0.2%€102k▼ 7.6%€97k▼ 5.8%€79k▼ 17.7%
Working capital€67k▲ 1.7%€68k▲ 1.5%€102k▲ 49.5%€101k▼ 0.8%€104k▲ 3.0%
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 returns to profit in 2025: €5k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€31k ▼ 3.2%
Current assets
€183k ▼ 7.1%
Equity and liabilities €214k
Equity
€135k ▲ 1.6%
Debt
€79k ▼ 17.7%
Debt's share of the balance-sheet total falls from 42.1% to 37.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2024 · €-2k
Cash flow
€3k▲
2024 · €-829
Current ratio
2.31▲
2024 · 2.04
Debt to equity
0.59▼
2024 · 0.73
ROE
1.5%▲
2024 · -1.4%
ROA
1.0%▲
2024 · -0.8%
Interest coverage
2.16▲
2024 · -21.28
Debt ≤ 1 year
€79k▼
2024 · €97k
Income taxes
€256▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | €1k | = |
| Other operating charges640/8 | €606 | €571 | €2k | €6k | €912 | ▼ 84.2% |
| Gross operating margin9900 | €4k | €1k | €48k | €3k | €7k | ▲ 106% |
| Operating profit (loss)9901 | €2k | €-129 | €45k | €-3k | €5k | ▲ 254% |
| Financial income75/76B | €328 | €230 | €0 | €3k | €0 | ▼ 100% |
| Recurring financial income75 | €328 | €230 | €0 | €3k | €0 | ▼ 100% |
| Financial charges65/66B | €39 | €84 | €261 | €110 | €3k | ▲ 2,488% |
| Recurring financial charges65 | €39 | €84 | €261 | €110 | €3k | ▲ 2,488% |
| Profit (loss) for the period before taxes9903 | €2k | €17 | €45k | €-645 | €2k | ▲ 458% |
| Income taxes67/77 | €-55 | €-187 | €12k | €1k | €256 | ▼ 78.4% |
| Profit (loss) for the period9904 | €2k | €204 | €33k | €-2k | €2k | ▲ 212% |
| Profit (loss) for the period to be appropriated9905 | €2k | €204 | €33k | €-2k | €2k | ▲ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213k | €213k | €237k | €229k | €214k | ▼ 6.6% |
| Fixed assets21/28 | €35k | €34k | €33k | €32k | €31k | ▼ 3.2% |
| Tangible fixed assets22/27 | €35k | €34k | €33k | €32k | €31k | ▼ 3.2% |
| Land and buildings22 | €35k | €34k | €33k | €32k | €31k | ▼ 3.2% |
| Current assets29/58 | €178k | €179k | €204k | €197k | €183k | ▼ 7.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €124k | - |
| Other amounts receivable291 | - | - | - | - | €124k | - |
| Amounts receivable within one year40/41 | €172k | €179k | €204k | €192k | €56k | ▼ 70.9% |
| Trade receivables40 | - | €25 | €387 | €56k | €51k | ▼ 10.2% |
| Other amounts receivable41 | €172k | €179k | €204k | €135k | €5k | ▼ 96.3% |
| Cash at bank and in hand54/58 | €163 | €228 | €127 | €6k | €94 | ▼ 98.4% |
| Deferred charges and accrued income490/1 | €6k | €0 | - | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213k | €213k | €237k | €229k | €214k | ▼ 6.6% |
| Equity10/15 | €101k | €102k | €134k | €133k | €135k | ▲ 1.6% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Profit (loss) carried forward14 | €26k | €27k | €59k | €58k | €60k | ▲ 3.6% |
| Amounts payable17/49 | €111k | €111k | €102k | €97k | €79k | ▼ 17.7% |
| Amounts payable within one year42/48 | €111k | €111k | €102k | €97k | €79k | ▼ 17.7% |
| Trade debts44 | €11k | €9k | €8k | €26k | €18k | ▼ 31.3% |
| Suppliers440/4 | €11k | €9k | €8k | €26k | €18k | ▼ 31.3% |
| Taxes, remuneration and social security45 | €23k | €1k | €21k | €22k | €22k | ▲ 3.8% |
| Taxes450/3 | €3k | €1k | €21k | €16k | €22k | ▲ 41.0% |
| Remuneration and social security454/9 | €20k | €0 | - | €6k | €0 | ▼ 100% |
| Other amounts payable47/48 | €78k | €101k | €73k | €49k | €39k | ▼ 19.9% |
| Accrued charges and deferred income492/3 | €230 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €204 | €33k | €-2k | €2k | ▲ 212% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | €1k | = |
| Operating cash flow (approximation) | €3k | €1k | €34k | €-829 | €3k | ▲ 469% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €64 | €-100 | €6k | €-6k | ▼ 201% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €101k ▲2.4%
3 profitable years in a row build equity to €101k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
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, Wingene · 1 establishment unit since 2017
Ground area
4,768 m²
Building footprint
1,610 m²
Parcel 37012D0693/00A000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Eekhoutstraat 57, 8755 Wingene
since 20172.280.591.942
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012D0693/00A000 | Flanders | 4,768 m² | 1 · 1,610 m² | 0.1 m |
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 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,251 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
Founded20-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.