BTS Consult
ActiveSummary
BTS Consult has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €-56k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency86▼-8
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.94 in 2024; short-term debt: 38.8% and cash: 79.7% of total assets), and 38.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-56k
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 11-07-2026, 20 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
20 d early
2024
21 d late
2023
49 d early
2022
21 d late
2021
23 d late
← 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
Equity
€172k▼ 24.6%
2024 · €228k
2021: €130klowest in 5 years
2022: €210k▲ +61.5% vs 2021
2023: €284k▲ +35.4% vs 2022highest in 5 years
2024: €228k▼ -19.7% vs 2023
2025: €172k▼ -24.6% vs 2024
2021 → 2025
Total assets
€281k▼ 14.7%
2024 · €330k
2021: €268klowest in 5 years
2022: €373k▲ +38.9% vs 2021
2023: €424k▲ +13.8% vs 2022highest in 5 years
2024: €330k▼ -22.3% vs 2023
2025: €281k▼ -14.7% vs 2024
2021 → 2025
Net result
€-56k▼ 0.5%
2024 · €-56k
2021: €124khighest in 5 years
2022: €80k▼ -35.5% vs 2021
2023: €74k▼ -7.2% vs 2022
2024: €-56k▼ -175% vs 2023
2025: €-56k▼ -0.5% vs 2024lowest in 5 years
2021 → 2025
Working capital
€159k▼ 19.0%
2024 · €196k
2021: €77klowest in 5 years
2022: €163k▲ +112% vs 2021
2023: €233k▲ +42.5% vs 2022highest in 5 years
2024: €196k▼ -15.6% vs 2023
2025: €159k▼ -19.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€210k▲ 61.5%€284k▲ 35.4%€228k▼ 19.7%€172k▼ 24.6%
2021: €130klowest in 5 years
2022: €210k▲ +61.5% vs 2021
2023: €284k▲ +35.4% vs 2022highest in 5 years
2024: €228k▼ -19.7% vs 2023
2025: €172k▼ -24.6% vs 2024
Operating result€161k-€103k▼ 35.7%€97k▼ 6.4%€-55k€-57k▼ 3.1%
2021: €161khighest in 5 years
2022: €103k▼ -35.7% vs 2021
2023: €97k▼ -6.4% vs 2022
2024: €-55k▼ -157% vs 2023
2025: €-57k▼ -3.1% vs 2024lowest in 5 years
Net result€124k-€80k▼ 35.5%€74k▼ 7.2%€-56k€-56k▼ 0.5%
2021: €124khighest in 5 years
2022: €80k▼ -35.5% vs 2021
2023: €74k▼ -7.2% vs 2022
2024: €-56k▼ -175% vs 2023
2025: €-56k▼ -0.5% vs 2024lowest in 5 years
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 €57k in 2025 against €55k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281k
Fixed assets
€13k ▼ 59.0%
Current assets
€268k ▼ 9.9%
Equity and liabilities €281k
Equity
€172k ▼ 24.6%
Debt
€109k ▲ 7.6%
Debt's share of the balance-sheet total rises from 30.7% to 38.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-37k▼
2024 · €-34k
Cash flow
€-36k▼
2024 · €-35k
Current ratio
2.46▼
2024 · 2.94
Debt to equity
0.63▲
2024 · 0.44
ROE
-32.6%▼
2024 · -24.5%
ROA
-20.0%▼
2024 · -16.9%
Interest coverage
-247.65▲
2024 · -275.35
Debt ≤ 1 year
€109k▲
2024 · €101k
Income taxes
€469▲
2024 · €408
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€330k€281k▼
Fixed assets21/28€32k€13k▼
Tangible fixed assets22/27€32k€13k▼
Land and buildings22€5k€4k▼
Furniture and vehicles24€27k€9k▼
Current assets29/58€297k€268k▼
Amounts receivable within one year40/41€20k€40k▲
Trade receivables40€0€20k▲
Other amounts receivable41€20k€20k▼
Cash at bank and in hand54/58€275k€224k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€330k€281k▼
Equity10/15€228k€172k▼
Contributions10/11€6k€6k=
Reserves13€222k€166k▼
Distributable reserves133€222k€166k▼
Amounts payable17/49€101k€109k▲
Amounts payable within one year42/48€101k€109k▲
Trade debts44€257€30▼
Suppliers440/4€257€30▼
Taxes, remuneration and social security45€0€2k▲
Taxes450/3€0€2k▲
Remuneration and social security454/9€0€0=
Other amounts payable47/48€101k€107k▲
Accrued charges and deferred income492/3€50€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€580€644▲
Gross operating margin9900€-34k€-36k▼
Operating profit (loss)9901€-55k€-57k▼
Financial income75/76B€166€2k▲
Recurring financial income75€166€2k▲
Financial charges65/66B€125€149▲
Recurring financial charges65€125€149▲
Profit (loss) for the period before taxes9903€-55k€-56k▼
Income taxes67/77€408€469▲
Profit (loss) for the period9904€-56k€-56k▼
Profit (loss) for the period to be appropriated9905€-56k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-56k▼
Transfer from equity791/2€56k€56k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €320 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €15k | €21k | €21k | €20k | ▼ 3.7% |
| Other operating charges640/8 | - | - | €770 | €580 | €644 | ▲ 11.0% |
| Gross operating margin9900 | €170k | €119k | €118k | €-34k | €-36k | ▼ 7.2% |
| Operating profit (loss)9901 | €161k | €103k | €97k | €-55k | €-57k | ▼ 3.1% |
| Financial income75/76B | €29 | - | €0 | €166 | €2k | ▲ 890% |
| Recurring financial income75 | €29 | - | €0 | €166 | €2k | ▲ 890% |
| Financial charges65/66B | €17 | €394 | €44 | €125 | €149 | ▲ 19.3% |
| Recurring financial charges65 | €17 | €394 | €44 | €125 | €149 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €161k | €103k | €97k | €-55k | €-56k | ▼ 0.4% |
| Income taxes67/77 | €37k | €23k | €22k | €408 | €469 | ▲ 15.1% |
| Profit (loss) for the period9904 | €124k | €80k | €74k | €-56k | €-56k | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €124k | €80k | €74k | €-56k | €-56k | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268k | €373k | €424k | €330k | €281k | ▼ 14.7% |
| Fixed assets21/28 | €53k | €47k | €52k | €32k | €13k | ▼ 59.0% |
| Tangible fixed assets22/27 | €53k | €47k | €52k | €32k | €13k | ▼ 59.0% |
| Land and buildings22 | €5k | €5k | €6k | €5k | €4k | ▼ 18.7% |
| Furniture and vehicles24 | €48k | €42k | €46k | €27k | €9k | ▼ 66.0% |
| Current assets29/58 | €215k | €326k | €373k | €297k | €268k | ▼ 9.9% |
| Amounts receivable within one year40/41 | €67k | €19k | €28k | €20k | €40k | ▲ 99.0% |
| Trade receivables40 | €66k | €16k | €19k | €0 | €20k | - |
| Other amounts receivable41 | €1k | €2k | €9k | €20k | €20k | ▼ 2.2% |
| Cash at bank and in hand54/58 | €148k | €306k | €343k | €275k | €224k | ▼ 18.5% |
| Deferred charges and accrued income490/1 | €435 | €2k | €2k | €2k | €4k | ▲ 60.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268k | €373k | €424k | €330k | €281k | ▼ 14.7% |
| Equity10/15 | €130k | €210k | €284k | €228k | €172k | ▼ 24.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | €6k | - | - | - | - |
| Other1109/19 | €6k | €6k | - | - | - | - |
| Reserves13 | - | - | €278k | €222k | €166k | ▼ 25.3% |
| Distributable reserves133 | - | - | €278k | €222k | €166k | ▼ 25.3% |
| Profit (loss) carried forward14 | €124k | €204k | €0 | - | - | - |
| Amounts payable17/49 | €138k | €163k | €140k | €101k | €109k | ▲ 7.6% |
| Amounts payable within one year42/48 | €138k | €163k | €140k | €101k | €109k | ▲ 7.7% |
| Financial debts43 | €2k | - | - | - | - | - |
| Credit institutions430/8 | €2k | - | - | - | - | - |
| Trade debts44 | €30k | €4k | €815 | €257 | €30 | ▼ 88.2% |
| Suppliers440/4 | €30k | €4k | €815 | €257 | €30 | ▼ 88.2% |
| Taxes, remuneration and social security45 | €38k | €60k | €29k | €0 | €2k | - |
| Taxes450/3 | €37k | €60k | €25k | €0 | €2k | - |
| Remuneration and social security454/9 | €1k | - | €4k | €0 | €0 | - |
| Other amounts payable47/48 | €69k | €100k | €110k | €101k | €107k | ▲ 5.8% |
| Accrued charges and deferred income492/3 | - | - | - | €50 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124k | €80k | €74k | €-56k | €-56k | ▼ 0.5% |
| + Depreciation and write-downs630 | €9k | €15k | €21k | €21k | €20k | ▼ 3.7% |
| Operating cash flow (approximation) | €133k | €95k | €95k | €-35k | €-36k | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | €-9k | €-25k | €-2k | €-1k | ▲ 19.4% |
| Change in cash | - | €158k | €38k | €-68k | €-51k | ▲ 25.4% |
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
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Equity above €200kEq €210k ▲61.5%
2 profitable years in a row build equity to €210k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2021
Ground area
189 m²
Building footprint
111 m²
Volume, LiDAR
1,253 m³
Parcel 21443C0221/00A002, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BTS Consult
since 20212.313.907.185
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0221/00A002 | Brussels | 189 m² | 1 · 111 m² | 17.5 m · 5 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,666 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
Founded09-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.