BTS
ActiveSummary
The computed 12-month bankruptcy probability of BTS is 2.6% (moderate). The annual accounts of BTS for fiscal year 2025 show a net loss of 128% of total assets and of 66% of the equity at the start of that year. The 2025 annual accounts show equity of €385 and a net result of -€732. Equity is shrinking by ~76.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 78% of 18626 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency93▼-7
Growth38=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
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Signals
Four 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 · 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 7 filingsDeviation from the deadline
2025
14 d late
2024
3 d early
2023
22 d early
2022
30 d late
2021
38 d early
2020
26 d early
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€655▼ 85.1%
2021 · €4,407
EBIT margin
-199.8%▼ 103.9pp
2021 · -96.0%
Net result
-€732▲ 65.6%
2024 · -€2,126
Working capital
€385▼ 65.5%
2024 · €1,117
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4,407€655
Operating result-€4,229-€5,388▼ 27.4%-€1,309-€387▲ 70.4%
Net result-€4,634below the sector's middle half-€5,741below the sector's middle half▼ 23.9%-€2,126within the sector's middle half-€732within the sector's middle half▲ 65.6%
EBIT margin-96.0%-199.8%
Equity€8,985within the sector's middle half▼ 34.0%€3,244below the sector's middle half▼ 63.9%€3,244within the sector's middle half=€1,117below the sector's middle half▼ 65.6%€385below the sector's middle half▼ 65.5%
Total assets€9,521below the sector's middle half▼ 33.1%€3,757below the sector's middle half▼ 60.5%€3,757below the sector's middle half=€1,303below the sector's middle half▼ 65.3%€570below the sector's middle half▼ 56.2%
Debt€536▼ 13.0%€514▼ 4.2%€514=€185▼ 63.9%€185▼ 0.3%
Working capital€3,662within the sector's middle half▼ 34.8%€3,244within the sector's middle half▼ 11.4%€3,244within the sector's middle half=€1,117within the sector's middle half▼ 65.6%€385within the sector's middle half▼ 65.5%
Solvency94.4%above the sector's middle half▼ 1.3pp
Current ratio7.83above the sector's middle half▼ 2.28
Return on assets (ROA)-48.7%below the sector's middle half▼ 49.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €387 in 2025 against €1,309 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €570
Equity
€385 ▼ 65.5%
Debt
€185 ▼ 0.3%
Debt's share of the balance-sheet total rises from 14.2% to 32.5%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€185▼
2024 · €185
Ratios withheld: a balance sheet total of €570 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,592 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4,407 | - | - | €655 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €5,701 | €3,325 | - | €1,738 | €387 | ▼ 77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,680 | - | - | - | - | - |
| Other operating charges640/8 | €255 | €306 | - | €227 | - | - |
| Non-recurring operating charges66A | - | €5,323 | - | - | - | - |
| Gross operating margin9900 | -€1,294 | €241 | - | -€1,082 | -€387 | ▲ 64.2% |
| Operating profit (loss)9901 | -€4,229 | -€5,388 | - | -€1,309 | -€387 | ▲ 70.4% |
| Financial charges65/66B | €341 | €353 | - | €817 | €345 | ▼ 57.8% |
| Recurring financial charges65 | €341 | €353 | - | €817 | €345 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | -€4,570 | -€5,741 | - | -€2,126 | -€732 | ▲ 65.6% |
| Income taxes67/77 | €64 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€4,634 | -€5,741 | - | -€2,126 | -€732 | ▲ 65.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,634 | -€5,741 | - | -€2,126 | -€732 | ▲ 65.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,521 | €3,757 | €3,757 | €1,303 | €570 | ▼ 56.2% |
| Fixed assets21/28 | €5,323 | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,323 | - | - | - | - | - |
| Furniture and vehicles24 | €5,323 | - | - | - | - | - |
| Current assets29/58 | €4,198 | €3,757 | €3,757 | €1,303 | €570 | ▼ 56.2% |
| Amounts receivable within one year40/41 | €1,870 | €441 | €441 | €409 | €409 | ▲ 0.1% |
| Trade receivables40 | €1,416 | €259 | €259 | €259 | €259 | ▲ 0.1% |
| Other amounts receivable41 | €455 | €182 | €182 | €150 | €150 | = |
| Cash at bank and in hand54/58 | €2,328 | €3,316 | €3,316 | €894 | €161 | ▼ 82.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,521 | €3,757 | €3,757 | €1,303 | €570 | ▼ 56.2% |
| Equity10/15 | €8,985 | €3,244 | €3,244 | €1,117 | €385 | ▼ 65.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€9,615 | -€15,356 | -€15,356 | -€17,483 | -€18,215 | ▼ 4.2% |
| Amounts payable17/49 | €536 | €514 | €514 | €185 | €185 | ▼ 0.3% |
| Amounts payable within one year42/48 | €536 | €514 | €514 | €185 | €185 | ▼ 0.3% |
| Trade debts44 | €373 | €514 | €514 | €185 | €185 | ▼ 0.3% |
| Suppliers440/4 | €373 | €514 | €514 | €185 | €185 | ▼ 0.3% |
| Taxes, remuneration and social security45 | €163 | - | - | - | - | - |
| Taxes450/3 | €163 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,634 | -€5,741 | - | -€2,126 | -€732 | ▲ 65.6% |
| + Depreciation and write-downs630 | €2,680 | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,954 | -€5,741 | - | -€2,126 | -€732 | ▲ 65.6% |
| Change in cash | - | €989 | €0 | -€2,422 | -€733 | ▲ 69.7% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
12-06
State Gazette act
Resignation: Burhan Balci (director)Appointment: Melek Ekiz (director) · Share transfer · Registered-office move7 facts ▸
State Gazette act
Resignation: Burhan Balci (director)
Appointment: Melek Ekiz (director) · Share transfer · Registered-office move7 facts ▸
- Director resignation, Burhan Balci (director)
- Director appointment, Melek Ekiz (director)
- Share transfer, Burhan Balci → Melek Ekiz
- Registered-office move, Sint-Bernardsesteenweg 1146/glv, 2660 Antwerpen
- Shareholding, 100
- Shareholding, 0
- General meeting, 01-04-2026
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€5,741
Net result drops to -€5,741, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €82
Net result €82 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 10.11
Current ratio from 2.65 to 10.11; short-term debt falls from €1,726 to €616.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Melek Ekiz
CurrentDirector · since 01-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2026
Ground area
164 m²
Building footprint
87 m²
Volume, LiDAR
618 m³
Parcel 11383B0578/00X000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BTS
since 20262.390.588.754
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0578/00X000 | Flanders | 164 m² | 1 · 87 m² | 10.1 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Melek Ekiz |
|
| Burhan BALCI |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 12-06-2026 ↗
- Melek Ekiz 100 shares
- Burhan Balci
Share transfer
act of 12-06-2026 ↗
- Burhan Balci to Melek Ekiz 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
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Green Minds Associates Scomm
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Elsene · Eq €660
DILYA FLOWERS
BE 0802.944.521
Sint-Agatha-Berchem · Eq €218
MILIEM
BE 0730.959.336
Antwerpen · Eq €693
LES FLEURS DU JARDIN PERDU
BE 0628.817.841
Seraing · Eq €212
Of 3,390 companies in sector 47761 we hold annual accounts for 1,156. 48 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 (pre-2019)
Founded09-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712994342
Also
9925:BE0712994342
Registered
14-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.