BTS IMMO
ActiveSummary
BTS IMMO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€444) and a net result of €4,994. Equity is shrinking by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 2469 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 2469 sector peers (2025).
NBB · sector comparisonPosition among 2469 sector peers
Solvency
better than 9%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
62 d early
2023
29 d early
2022
32 d early
2021
33 d early
2020
23 d early
2019
35 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 29 June (4 of the last 5 filed years within 30 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
Equity
-€444▲ 91.8%
2024 · -€5,438
Net result
€4,994
2024 · -€22,082
Total assets
€208,932▼ 7.4%
2024 · €225,705
Solvency
-0.2%▲ 2.2pp
2024 · -2.4%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1,689
Operating result-€1,241▲ 84.5%€21,833-€23,082-€17,128▲ 25.8%€12,034
Net result-€7,079below the sector's middle half▲ 65.5%€16,329within the sector's middle half-€28,071below the sector's middle half-€22,082below the sector's middle half▲ 21.3%€4,994within the sector's middle half
Equity€28,386below the sector's middle half▼ 20.0%€44,715within the sector's middle half▲ 57.5%€16,644below the sector's middle half▼ 62.8%-€5,438below the sector's middle half-€444below the sector's middle half▲ 91.8%
Total assets€310,342below the sector's middle half▼ 7.3%€302,613within the sector's middle half▼ 2.5%€249,966within the sector's middle half▼ 17.4%€225,705within the sector's middle half▼ 9.7%€208,932within the sector's middle half▼ 7.4%
Debt€281,957▼ 5.8%€257,898▼ 8.5%€233,322▼ 9.5%€231,143▼ 0.9%€209,376▼ 9.4%
Working capital€37,055within the sector's middle half▼ 25.4%€43,809within the sector's middle half▲ 18.2%€5,684within the sector's middle half▼ 87.0%-€20,005below the sector's middle half-€19,812below the sector's middle half▲ 1.0%
Solvency9.1%below the sector's middle half▼ 1.4pp14.8%below the sector's middle half▲ 5.6pp6.7%below the sector's middle half▼ 8.1pp-2.4%below the sector's middle half▼ 9.1pp-0.2%below the sector's middle half▲ 2.2pp
Current ratio2.38within the sector's middle half▼ 0.632.66within the sector's middle half▲ 0.281.22within the sector's middle half▼ 1.440.51below the sector's middle half▼ 0.710.48below the sector's middle half▼ 0.03
Return on assets (ROA)-2.3%below the sector's middle half▲ 3.8pp5.4%within the sector's middle half▲ 7.7pp-11.2%below the sector's middle half▼ 16.6pp-9.8%below the sector's middle half▲ 1.4pp2.4%within the sector's middle half▲ 12.2pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12,034 after a loss of €17,128 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206,831
Fixed assets
€188,411 ▼ 6.8%
Current assets
€18,420 ▼ 13.2%
Key figures and ratios
Debt ≤ 1 year
€38,232▼
2024 · €41,218
Debt > 1 year
€171,145▼
2024 · €189,925
Equity ratios withheld: equity of -€444 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1,689 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1,398 | €1,122 | €2,733 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,980 | €13,980 | €13,980 | €13,980 | €13,980 | = |
| Other operating charges640/8 | €5,663 | €5,065 | €6,369 | €6,709 | €735 | ▼ 89.0% |
| Gross operating margin9900 | €18,402 | €40,878 | -€2,733 | €3,561 | €26,748 | ▲ 651% |
| Operating profit (loss)9901 | -€1,241 | €21,833 | -€23,082 | -€17,128 | €12,034 | ▲ 170% |
| Financial charges65/66B | €5,838 | €5,455 | €4,989 | €4,955 | €7,039 | ▲ 42.1% |
| Recurring financial charges65 | €5,838 | €5,455 | €4,989 | €4,955 | €7,039 | ▲ 42.1% |
| Profit (loss) for the period before taxes9903 | -€7,079 | €16,379 | -€28,071 | -€22,082 | €4,994 | ▲ 123% |
| Income taxes67/77 | - | €49 | - | - | - | - |
| Profit (loss) for the period9904 | -€7,079 | €16,329 | -€28,071 | -€22,082 | €4,994 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | -€7,079 | €16,329 | -€28,071 | -€22,082 | €4,994 | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €310,342 | €302,613 | €249,966 | €225,705 | €208,932 | ▼ 7.4% |
| Formation expenses20 | €3,035 | €2,802 | €2,568 | €2,335 | €2,101 | ▼ 10.0% |
| Fixed assets21/28 | €243,396 | €229,650 | €215,904 | €202,157 | €188,411 | ▼ 6.8% |
| Tangible fixed assets22/27 | €243,396 | €229,650 | €215,904 | €202,157 | €188,411 | ▼ 6.8% |
| Land and buildings22 | €243,396 | €229,650 | €215,904 | €202,157 | €188,411 | ▼ 6.8% |
| Current assets29/58 | €63,911 | €70,161 | €31,495 | €21,213 | €18,420 | ▼ 13.2% |
| Amounts receivable within one year40/41 | €15,935 | €67,935 | €31,258 | €21,213 | €18,338 | ▼ 13.6% |
| Other amounts receivable41 | €15,935 | €67,935 | €31,258 | €21,213 | €18,338 | ▼ 13.6% |
| Cash at bank and in hand54/58 | €47,976 | €2,227 | €236 | €0 | €82 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €310,342 | €302,613 | €249,966 | €225,705 | €208,932 | ▼ 7.4% |
| Equity10/15 | €28,386 | €44,715 | €16,644 | -€5,438 | -€444 | ▲ 91.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | - | - | - |
| Reserves13 | €49,762 | €49,762 | €49,762 | €49,762 | €49,762 | = |
| Distributable reserves133 | €49,762 | €49,762 | €49,762 | €49,762 | €49,762 | = |
| Profit (loss) carried forward14 | -€27,576 | -€11,247 | -€39,317 | -€61,400 | -€56,406 | ▲ 8.1% |
| Amounts payable17/49 | €281,957 | €257,898 | €233,322 | €231,143 | €209,376 | ▼ 9.4% |
| Amounts payable after more than one year17 | €255,101 | €231,545 | €207,512 | €189,925 | €171,145 | ▼ 9.9% |
| Financial debts170/4 | €255,101 | €231,545 | €207,512 | €189,925 | €171,145 | ▼ 9.9% |
| Amounts payable within one year42/48 | €26,856 | €26,353 | €25,810 | €41,218 | €38,232 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | €25,581 | €25,298 | €25,810 | €22,787 | €32,070 | ▲ 40.7% |
| Financial debts43 | - | - | - | €11,745 | - | - |
| Credit institutions430/8 | - | - | - | €11,745 | - | - |
| Trade debts44 | €220 | - | - | €6,686 | €5,964 | ▼ 10.8% |
| Suppliers440/4 | €220 | - | - | €6,686 | €5,964 | ▼ 10.8% |
| Other amounts payable47/48 | €1,055 | €1,055 | - | - | €197 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,079 | €16,329 | -€28,071 | -€22,082 | €4,994 | ▲ 123% |
| + Depreciation and write-downs630 | €13,980 | €13,980 | €13,980 | €13,980 | €13,980 | = |
| Operating cash flow (approximation) | €6,901 | €30,309 | -€14,091 | -€8,103 | €18,974 | ▲ 334% |
| Investment in fixed assets (approximation) | - | -€233 | -€233 | -€233 | -€233 | = |
| Change in cash | - | -€45,750 | -€1,990 | -€236 | €82 | ▲ 135% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4,994
Net result €4,994 after 2 loss-making years.
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€28,071
Net result drops to -€28,071, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16,329
Net result €16,329 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
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.
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.
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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
Registered office, Liège · 1 establishment unit since 2012
Ground area
127 m²
Building footprint
47 m²
Volume, LiDAR
662 m³
Parcel 62803A1203/00Z000, Wallonia · tallest building 19.6 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IMMO STROUWEN
since 20122.210.050.077
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1203/00Z000 | Wallonia | 127 m² | 1 · 47 m² | 19.6 m · 4 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 592 companies in sector 66300 we hold annual accounts for 366. 141 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
Founded24-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
66300Activities auxiliary to financial services and insurance activities
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.