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BTT

Active
Public limited companyfounded 198639 yrs activeIndustriellaan(Kom) 3, 7780 Comines-Warneton, BelgiumKBO/BCE: BE 0429.666.943
Summary

BTT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.6m and a net result of €2.5m. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 154 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability84▲+84
Solvency92▲+41
Growth55▲+30
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,100,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 1.17 in 2024; short-term debt: 24.4% and cash: 9% of total assets), and 33.3% of the assets are financed with debt.
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Signals

Six 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 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
66.7%
Return on assets
12.1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
94 d early
2023
48 d early
2022
53 d early
2021
52 d early
2020
53 d early
2019
42 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 53 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BTT was incorporated on 24 October 1986.1 Between 2019 and 2025 the capital was increased 3 times, most recently to EUR 22 million.234 The registered office was moved to Comines-Warneton in 2024.3 Since 2025 the company has been called BTT.5 The board currently has 2 members; Bovand BV has served longest, since 2024.6 Revenue fell from EUR 47 million in 2018 to EUR 28 million in 2025 and headcount from 249 to 198 full-time equivalents.7

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 15-01-2019
  3. 3Belgian State Gazette, 05-01-2024
  4. 4Belgian State Gazette, 12-05-2025
  5. 5Belgian State Gazette, 04-09-2025
  6. 6Belgian State Gazette, 28-11-2024
  7. 7National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€27.5m▼ 11.0%
2024 · €30.9m
EBIT margin
10.8%▲ 23.6pp
2024 · -12.7%
Net result
€2.5m
2024 · -€4.4m
Working capital
€7.9m▲ 266%
2024 · €2.2m
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
Turnover€55.4m▲ 36.0%€46.7m▼ 15.7%€31.5m▼ 32.7%€30.9m▼ 1.8%€27.5m▼ 11.0%
Operating result€3.7m▲ 3,564%-€1.2m-€9.0m▼ 677%-€3.9m▲ 56.3%€3.0m
Net result€3.3m-€1.6m-€10.0m▼ 512%-€4.4m▲ 55.6%€2.5m
EBIT margin6.6%▲ 6.4pp-2.5%▼ 9.1pp-28.6%▼ 26.1pp-12.7%▲ 15.9pp10.8%▲ 23.6pp
Equity€6.2m▲ 115%€4.6m▼ 26.3%€9.6m▲ 110%€5.2m▼ 46.0%€13.6m▲ 162%
Total assets€30.0m▲ 16.4%€26.7m▼ 11.0%€23.1m▼ 13.5%€19.7m▼ 14.9%€20.4m▲ 3.7%
Debt€23.8m▲ 4.0%€22.1m▼ 7.0%€13.5m▼ 39.1%€14.5m▲ 7.3%€6.8m▼ 53.1%
Working capital€3.1m€2.0m▼ 35.7%€6.6m▲ 238%€2.2m▼ 67.5%€7.9m▲ 266%
Staff (FTE)242.2▲ 2.8%243.5▲ 0.5%228.6▼ 6.1%210.7▼ 7.8%197.6▼ 6.2%
Why a figure moved sharply
  • 2025 Equity +162% on 2024. Capital increase of €5,928,000 (Official Gazette 12-05-2025).
  • 2024 Net result +56% on 2023. Cause not known from the registers.
  • 2023 Net result -512%, Equity +110% on 2022. Cause not known from the registers.
  • 2021 Equity +115% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€10.0m-€5.0m€0€5.0mOperating result 2021: €3.7m€3.7mNet result 2021: €3.3m€3.3mOperating result 2022: -€1.2m-€1.2mNet result 2022: -€1.6m-€1.6mOperating result 2023: -€9.0m-€9.0mNet result 2023: -€10.0m-€10.0mOperating result 2024: -€3.9m-€3.9mNet result 2024: -€4.4m-€4.4mOperating result 2025: €3.0m€3.0mNet result 2025: €2.5m€2.5m20212022202320242025-€10m-€5m€0€5mOperating result 2023: -€9.0m-€9mNet result 2023: -€10.0m-€10mOperating result 2024: -€3.9m-€3.9mNet result 2024: -€4.4m-€4.4mOperating result 2025: €3.0m€3mNet result 2025: €2.5m€2.5m202320242025
The operating result returns to profit in 2025: €3.0m after a loss of €3.9m in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.4m
Fixed assets €7.5m ▲ 53.0%
Current assets €12.9m ▼ 12.7%
Equity and liabilities €20.4m
Equity €13.6m ▲ 162%
Debt €6.8m ▼ 53.1%
Debt's share of the balance-sheet total falls from 73.6% to 33.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4.3m▲
2024 · -€2.2m
Cash flow
€3.8m▲
2024 · -€2.7m
Current ratio
2.59▲
2024 · 1.17
Quick ratio
0.79▲
2024 · 0.34
Debt to equity
0.50▼
2024 · 2.78
ROE
18.2%▲
2024 · -85.1%
ROA
12.1%▲
2024 · -22.5%
Interest coverage
17.60▲
2024 · -4.99
Debt ≤ 1 year
€5.0m▼
2024 · €12.6m
Debt > 1 year
€1.0m▼
2024 · €1.8m
Income taxes
€149,476▲
2024 · €5,348
Staff costs
€10.3m▼
2024 · €11.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,552 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,552 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
Balance sheet Code20242025
Assets
Total assets20/58€19.7m€20.4m▲
Fixed assets21/28€4.9m€7.5m▲
Intangible fixed assets21€135,965€89,485▼
Tangible fixed assets22/27€4.8m€2.3m▼
Land and buildings22€1.6m€0▼
Plant, machinery and equipment23€3.0m€1.8m▼
Furniture and vehicles24€131,521€107,482▼
Assets under construction and advance payments27€26,165€389,392▲
Financial fixed assets28€535€5.1m▲
Affiliated companies280/1-€5.0m
Amounts receivable281-€5.0m
Other financial fixed assets284/8€535€78,662▲
Amounts receivable and cash guarantees285/8€535€78,662▲
Current assets29/58€14.8m€12.9m▼
Stocks and contracts in progress3€10.4m€9.0m▼
Stocks30/36€10.4m€9.0m▼
Raw materials and consumables30/31€2.1m€1.0m▼
Finished goods33€7.8m€7.4m▼
Goods purchased for resale34€499,710€580,159▲
Amounts receivable within one year40/41€4.2m€2.0m▼
Trade receivables40€4.2m€522,156▼
Other amounts receivable41€2,225€1.4m▲
Cash at bank and in hand54/58€111,898€1.8m▲
Deferred charges and accrued income490/1€14,340€131,125▲
Equity and liabilities
Total equity and liabilities10/49€19.7m€20.4m▲
Equity10/15€5.2m€13.6m▲
Contributions10/11€18.1m€9.7m▼
Capital10€15.6m€7.2m▼
Issued capital100€15.6m€7.2m▼
Outside capital11€2.5m€2.5m=
Share premium1100/10€2.5m€2.5m=
Reserves13€1.5m€1.5m=
Non-distributable reserves130/1€1.4m€1.4m=
Legal reserve130€1.4m€1.4m=
Tax-exempt reserves132€33,714€33,714=
Distributable reserves133€62,853€62,853=
Profit (loss) carried forward14-€14.4m€2.5m▲
Investment grants15€0-
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€14.5m€6.8m▼
Amounts payable after more than one year17€1.8m€1.0m▼
Financial debts170/4€1.8m€1.0m▼
Subordinated loans170-€1.0m
Credit institutions173€1.8m€23,845▼
Amounts payable within one year42/48€12.6m€5.0m▼
Current portion of amounts payable after more than one year42€1.4m€222,003▼
Financial debts43€7.0m-
Credit institutions430/8€5.1m-
Other loans439€1.9m-
Trade debts44€2.6m€2.4m▼
Suppliers440/4€2.6m€2.4m▼
Taxes, remuneration and social security45€1.6m€2.0m▲
Taxes450/3€109,080€650,416▲
Remuneration and social security454/9€1.5m€1.4m▼
Other amounts payable47/48€625€369,723▲
Accrued charges and deferred income492/3€63,808€782,432▲
Income statement Code20242025
Operating income70/76A€32.3m€35.0m▲
Turnover70€30.9m€27.5m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€27,432-€1.2m▼
Other operating income74€1.4m€2.5m▲
Non-recurring operating income76A€12,133€6.2m▲
Operating charges60/66A€36.2m€32.0m▼
Goods for resale, raw materials and consumables60€13.8m€12.1m▼
Purchases600/8€14.1m€11.0m▼
Change in stocks: decrease (increase)609-€215,676€1.0m▲
Services and other goods61€8.4m€7.9m▼
Remuneration, social security and pensions62€11.0m€10.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.7m€1.4m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€448,224-€817,031▼
Other operating charges640/8€746,904€766,798▲
Non-recurring operating charges66A€0€456,260▲
Operating profit (loss)9901-€3.9m€3.0m▲
Financial income75/76B€216,347€176,220▼
Recurring financial income75€216,347€176,220▼
Income from current assets751€10,504€79,498▲
Other financial income752/9€205,843€96,722▼
Non-recurring financial income76B€0-
Financial charges65/66B€692,819€523,891▼
Recurring financial charges65€692,819€523,891▼
Debt charges650€444,544€246,688▼
Other financial charges652/9€248,276€277,203▲
Profit (loss) for the period before taxes9903-€4.4m€2.6m▲
Income taxes67/77€5,348€149,476▲
Taxes670/3€5,348€149,476▲
Profit (loss) for the period9904-€4.4m€2.5m▲
Profit (loss) for the period to be appropriated9905-€4.4m€2.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€14.4m€2.5m▲
Profit (loss) brought forward from the previous period14P-€10.0m-
Social balance
Average headcount (FTE)9087210.7197.6▼

The notes to these accounts (79 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€58.5m€51.1m€29.9m€32.3m€35.0m▲ 8.5%
Turnover70€55.4m€46.7m€31.5m€30.9m€27.5m▼ 11.0%
Change in stocks of work in progress, finished goods and contracts in progress71€1.7m€2.3m-€2.7m-€27,432-€1.2m▼ 4,111%
Other operating income74€1.3m€1.5m€1.2m€1.4m€2.5m▲ 78.5%
Non-recurring operating income76A€171,868€473,843€6,473€12,133€6.2m▲ 50,879%
Operating charges60/66A€54.9m€52.2m€38.9m€36.2m€32.0m▼ 11.5%
Goods for resale, raw materials and consumables60€27.3m€25.3m€14.0m€13.8m€12.1m▼ 12.9%
Purchases600/8€28.1m€24.5m€14.7m€14.1m€11.0m▼ 21.7%
Change in stocks: decrease (increase)609-€808,190€764,884-€768,956-€215,676€1.0m▲ 584%
Services and other goods61€10.9m€12.2m€11.1m€8.4m€7.9m▼ 6.3%
Remuneration, social security and pensions62€13.5m€12.0m€10.9m€11.0m€10.3m▼ 6.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.6m€1.8m€1.8m€1.7m€1.4m▼ 20.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€188,422€174,831€424,604€448,224-€817,031▼ 282%
Other operating charges640/8€751,112€730,196€726,516€746,904€766,798▲ 2.7%
Non-recurring operating charges66A€1--€0€456,260-
Operating profit (loss)9901€3.7m-€1.2m-€9.0m-€3.9m€3.0m▲ 175%
Financial income75/76B€286,707€454,954€322,127€216,347€176,220▼ 18.5%
Recurring financial income75€286,707€454,954€322,127€216,347€176,220▼ 18.5%
Income from current assets751€170€637€2,480€10,504€79,498▲ 657%
Other financial income752/9€286,537€454,316€319,647€205,843€96,722▼ 53.0%
Non-recurring financial income76B---€0--
Financial charges65/66B€515,426€837,920€1.3m€692,819€523,891▼ 24.4%
Recurring financial charges65€515,426€837,920€1.3m€692,819€523,891▼ 24.4%
Debt charges650€127,254€189,143€884,622€444,544€246,688▼ 44.5%
Other financial charges652/9€388,171€648,777€387,064€248,276€277,203▲ 11.7%
Profit (loss) for the period before taxes9903€3.4m-€1.5m-€10.0m-€4.4m€2.6m▲ 159%
Income taxes67/77€121,607€85,007€5,887€5,348€149,476▲ 2,695%
Taxes670/3€121,607€85,007€5,887€5,348€149,476▲ 2,695%
Profit (loss) for the period9904€3.3m-€1.6m-€10.0m-€4.4m€2.5m▲ 156%
Profit (loss) for the period to be appropriated9905€3.3m-€1.6m-€10.0m-€4.4m€2.5m▲ 156%
Line20212022202320242025Change
Assets
Total assets20/58€30.0m€26.7m€23.1m€19.7m€20.4m▲ 3.7%
Fixed assets21/28€7.3m€7.3m€6.2m€4.9m€7.5m▲ 53.0%
Intangible fixed assets21€77,451€114,697€165,203€135,965€89,485▼ 34.2%
Tangible fixed assets22/27€7.3m€7.1m€6.0m€4.8m€2.3m▼ 51.2%
Land and buildings22€2.0m€1.9m€1.8m€1.6m€0▼ 100%
Plant, machinery and equipment23€4.6m€4.5m€4.1m€3.0m€1.8m▼ 38.1%
Furniture and vehicles24€178,969€49,770€161,290€131,521€107,482▼ 18.3%
Assets under construction and advance payments27€505,527€654,487-€26,165€389,392▲ 1,388%
Financial fixed assets28€535€535€535€535€5.1m▲ 949,183%
Affiliated companies280/1----€5.0m-
Amounts receivable281----€5.0m-
Other financial fixed assets284/8€535€535€535€535€78,662▲ 14,603%
Amounts receivable and cash guarantees285/8€535€535€535€535€78,662▲ 14,603%
Current assets29/58€22.7m€19.4m€16.9m€14.8m€12.9m▼ 12.7%
Stocks and contracts in progress3€11.7m€13.1m€10.7m€10.4m€9.0m▼ 13.9%
Stocks30/36€11.7m€13.1m€10.7m€10.4m€9.0m▼ 13.9%
Raw materials and consumables30/31€2.1m€1.6m€2.3m€2.1m€1.0m▼ 52.6%
Finished goods33€9.3m€11.4m€8.3m€7.8m€7.4m▼ 5.2%
Goods purchased for resale34€362,367€94,167€129,116€499,710€580,159▲ 16.1%
Amounts receivable within one year40/41€10.5m€6.1m€5.9m€4.2m€2.0m▼ 53.6%
Trade receivables40€10.3m€5.6m€5.9m€4.2m€522,156▼ 87.6%
Other amounts receivable41€157,808€565,394€69,051€2,225€1.4m▲ 64,110%
Cash at bank and in hand54/58€57,474€106,802€242,983€111,898€1.8m▲ 1,536%
Deferred charges and accrued income490/1€439,276€140,093€11,246€14,340€131,125▲ 814%
Equity and liabilities
Total equity and liabilities10/49€30.0m€26.7m€23.1m€19.7m€20.4m▲ 3.7%
Equity10/15€6.2m€4.6m€9.6m€5.2m€13.6m▲ 162%
Contributions10/11€10.5m€10.5m€18.1m€18.1m€9.7m▼ 46.7%
Capital10€8.0m€8.0m€15.6m€15.6m€7.2m▼ 54.1%
Issued capital100€8.0m€8.0m€15.6m€15.6m€7.2m▼ 54.1%
Outside capital11€2.5m€2.5m€2.5m€2.5m€2.5m=
Share premium1100/10€2.5m€2.5m€2.5m€2.5m€2.5m=
Reserves13€1.5m€1.5m€1.5m€1.5m€1.5m=
Non-distributable reserves130/1€1.4m€1.4m€1.4m€1.4m€1.4m=
Legal reserve130€1.4m€1.4m€1.4m€1.4m€1.4m=
Tax-exempt reserves132€33,714€33,714€33,714€33,714€33,714=
Distributable reserves133€62,853€62,853€62,853€62,853€62,853=
Profit (loss) carried forward14-€5.8m-€7.4m-€10.0m-€14.4m€2.5m▲ 117%
Investment grants15---€0--
Provisions and deferred taxes16---€0--
Deferred taxes168---€0--
Amounts payable17/49€23.8m€22.1m€13.5m€14.5m€6.8m▼ 53.1%
Amounts payable after more than one year17€4.0m€4.6m€3.2m€1.8m€1.0m▼ 43.1%
Financial debts170/4€4.0m€4.6m€3.2m€1.8m€1.0m▼ 43.1%
Subordinated loans170----€1.0m-
Credit institutions173€4.0m€4.6m€3.2m€1.8m€23,845▼ 98.7%
Amounts payable within one year42/48€19.6m€17.5m€10.3m€12.6m€5.0m▼ 60.5%
Current portion of amounts payable after more than one year42€3.0m€1.4m€1.4m€1.4m€222,003▼ 84.1%
Financial debts43€6.6m€10.0m€2.3m€7.0m--
Credit institutions430/8€5.4m€10.0m€301,464€5.1m--
Other loans439€1.2m€405€2.0m€1.9m--
Trade debts44€7.3m€4.3m€4.9m€2.6m€2.4m▼ 9.4%
Suppliers440/4€7.3m€4.3m€4.9m€2.6m€2.4m▼ 9.4%
Taxes, remuneration and social security45€2.8m€1.8m€1.7m€1.6m€2.0m▲ 26.4%
Taxes450/3€241,890€322,165€133,690€109,080€650,416▲ 496%
Remuneration and social security454/9€2.5m€1.5m€1.5m€1.5m€1.4m▼ 8.2%
Other amounts payable47/48€422€422€635€625€369,723▲ 59,098%
Accrued charges and deferred income492/3€193,633€49,294€22,613€63,808€782,432▲ 1,126%
Line20212022202320242025Change
Profit (loss) for the period9904€3.3m-€1.6m-€10.0m-€4.4m€2.5m▲ 156%
+ Depreciation and write-downs630€2.6m€1.8m€1.8m€1.7m€1.4m▼ 20.1%
Operating cash flow (approximation)€5.9m€144,431-€8.2m-€2.7m€3.8m▲ 242%
Investment in fixed assets (approximation)--€1.7m-€704,840-€425,110-€4.0m▼ 833%
Change in cash-€49,328€136,181-€131,085€1.7m▲ 1,411%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
02-07
State Gazette act Reappointment: KPMG Réviseurs d'Entreprises SCRL (statutory auditor)
Permanent representative: Tim Vermeiren3 facts ▸
  • General meeting, 08-06-2026
  • Auditor reappointment, KPMG Réviseurs d'Entreprises SCRL
  • Permanent representative, Tim Vermeiren
16-06
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital · Reserve release4 facts ▸
  • General meeting, 11-06-2026
  • Capital decrease, €1.525.602,6
  • Capital, €5.655.443,24
  • Reserve release, 565.544,32 EUR
20-03
State Gazette act Permanent representatives: Mark Soltys and Michael Nier
Resignation: Mark Soltys (day-to-day manager)5 facts ▸
  • Board meeting, 01/03/2026
  • Permanent representative, Mark Soltys
  • Permanent representative, Michael Nier
  • Board meeting, 04/03/2026
  • Director resignation, Mark Soltys (day-to-day manager)
2025
31-12
Financial Back to profitnet €2.5m
Net result €2.5m after 3 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 2.59
Current ratio from 1.17 to 2.59; short-term debt falls from €12.6m to €5.0m.
31-12
Financial Equity above €10mEq €13.6m ▲162%
Equity rises from €5.2m to €13.6m.
17-12
State Gazette act Resignation: SteelCo GmbH (director)
Permanent representative: Michael Nier · Appointment: RCP Management GmbH (director)5 facts ▸
  • General meeting, 27/11/2025
  • Director resignation, SteelCo GmbH (director)
  • Permanent representative, Michael Nier
  • Director appointment, RCP Management GmbH (director)
  • Permanent representative, Michael Nier
16-12
State Gazette act Statutes amendment
Capital decrease · Capital4 facts ▸
  • General meeting, 08/12/2025
  • Capital decrease, €14.376.027
  • Capital, €7.181.045,84
  • Statutes amendment
04-09
State Gazette act Statutes amendment · Resignations & appointments
Name change2 facts ▸
  • General meeting, 28/08/2025
  • Name change, BTT
01-08
State Gazette act Appointment: Mark Soltys (daily management delegate)
2 facts ▸
  • Board meeting, 16/07/2025
  • Director appointment, Mark Soltys (daily management delegate)
13-06
State Gazette act Resignation: Beaulieu International Group NV (director)
Appointment: SteelCo GmbH (director) · Mandate compensation · Director discharge6 facts ▸
  • General meeting, 30/04/2025
  • Director resignation, Beaulieu International Group NV (director)
  • Director appointment, SteelCo GmbH (director)
  • Mandate compensation, SteelCo GmbH
  • Director discharge, Beaulieu International Group NV
  • Director resignation, Beaulieu International Group NV (managing director)
Show earlier events
12-05
State Gazette act Capital & shares
Capital increase · Capital · Power of attorney4 facts ▸
  • General meeting, 25 avril 2025
  • Capital increase, €5.928.000
  • Capital, €21.557.072,84
  • Power of attorney, Margo Renneboog
28-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
21-03
State Gazette act Resignation: Bovand SRL (director)
Permanent representative: Bo Oxfeldt3 facts ▸
  • General meeting, 21/02/2025
  • Director resignation, Bovand SRL (director)
  • Permanent representative, Bo Oxfeldt
2024
28-11
State Gazette act Resignation: SP-J Consult BV (director)
Appointment: Bovand BV (director) · Permanent representatives: Pieter-Jan Sonck and Bo Oxfeldt · Mandate compensation6 facts ▸
  • General meeting, 11/10/2024
  • Director resignation, SP-J Consult BV (director)
  • Director appointment, Bovand BV (director)
  • Permanent representative, Pieter-Jan Sonck
  • Permanent representative, Bo Oxfeldt
  • Mandate compensation, Bovand BV
13-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
05-01
State Gazette act Capital & shares · Purpose · Statutes amendment
Purpose change · Capital increase · Bank account9 facts ▸
  • General meeting, 5 décembre 2023
  • Statutes amendment
  • Purpose change, Modification de l'objet social
  • Capital increase, €15.000.000
  • Bank account, KBC à Gand
  • Capital decrease, €7.408.979
  • Capital, €15.629.072,84
  • Registered-office move, 7780 Comines-Warneton, Boulevard Industriel 3
  • Power of attorney, Darie Robbrecht
2023
31-12
Financial Weakest financial yearnet -€10.0m
Net result drops to -€10.0m, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €5mEq €9.6m ▲110%
Equity rises from €4.6m to €9.6m.
10-10
State Gazette act Reappointments: Beaulieu International Group NV (director) and SP-J Consult BV (director)
Permanent representatives: Francis De Clerck, Pieter-Jan Sonck and 2 others · Resignation: Belgotex International NV (director) · Appointment: KPMG Réviseurs d'Entreprises SCRL (commissaire aux comptes)13 facts ▸
  • General meeting, 06/06/2023
  • Director reappointment, Beaulieu International Group NV (director)
  • Permanent representative, Francis De Clerck
  • Mandate compensation, Beaulieu International Group NV
  • Director reappointment, SP-J Consult BV (director)
  • Permanent representative, Pieter-Jan Sonck
  • Mandate compensation, SP-J Consult BV
  • Director resignation, Belgotex International NV (director)
  • Permanent representative, Stefaan Colle
  • Auditor termination, commissaire aux comptes, 06/06/2023
  • Permanent representative, Tim VERMEIREN
  • Auditor appointment, KPMG Réviseurs d'Entreprises SCRL (commissaire aux comptes)
  • +1 further facts in this act
08-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €3.3m
Net result €3.3m after 3 loss-making years.
31-12
Financial Equity above €5mEq €6.2m ▲115%
Equity rises from €2.9m to €6.2m.
08-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
22-04
State Gazette act Capital & shares
2020
05-11
State Gazette act Appointments: KPMG Réviseurs d'Entreprises SCRL (statutory auditor) and BELGOTEX INTERNATIONAL NV (director)
Permanent representatives: Tim Vermeiren and Stefaan COLLE · Resignations: Lexellence BV (director) and Deloitte Bedrijfsrevisoren CVBA (statutory auditor)8 facts ▸
  • General meeting, 08/06/2020
  • Board meeting, 03/02/2020
  • Auditor appointment, KPMG Réviseurs d'Entreprises SCRL (statutory auditor)
  • Permanent representative, Tim Vermeiren
  • Director resignation, Lexellence BV (director)
  • Director appointment, BELGOTEX INTERNATIONAL NV (director)
  • Permanent representative, Stefaan COLLE
  • Auditor resignation, Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
19-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
15-01
State Gazette act Capital & shares
Capital decrease · Capital increase · Bank account9 facts ▸
  • General meeting, 19 décembre 2018
  • Capital decrease, €14.000.000
  • Capital increase, €8.000.000
  • Bank account, KBC à Gand, 8.000.000,00
  • Capital, €8.038.051,84
  • Statutes amendment, Article 5
  • Power of attorney, conseil d'administration
  • Power of attorney, chaque administrateur
  • Power of attorney, Wim TAELMAN
2018
01-08
State Gazette act Resignation: Deloitte Réviseurs d'Entreprises SC s.f.d. SCRL (statutory auditor)
Appointment: Deloitte Réviseurs d'Entreprises SC s.f.d. SCRL (statutory auditor) · Permanent representatives: De Clercq Fabio, Erwin De Deyn and Pieter-Jan Sonck6 facts ▸
  • General meeting, 06/06/2018
  • Director resignation, Deloitte Réviseurs d'Entreprises SC s.f.d. SCRL (statutory auditor)
  • Auditor appointment, Deloitte Réviseurs d'Entreprises SC s.f.d. SCRL (statutory auditor)
  • Permanent representative, De Clercq Fabio
  • Permanent representative, Erwin De Deyn
  • Permanent representative, Pieter-Jan Sonck
26-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
01-08
State Gazette act Reappointment: Beaulieu International Group NV (director)
Permanent representatives: Francis De Clerck, Pieter-Jan Sonck and 2 others · Appointments: SP-J CONSULT BVBA (director) and LEXELLENCE BVBA (director) · Resignation: Quercum BVBA (director)9 facts ▸
  • General meeting, 06/06/2017
  • Director reappointment, Beaulieu International Group NV (director)
  • Permanent representative, Francis De Clerck
  • Director appointment, SP-J CONSULT BVBA (director)
  • Permanent representative, Pieter-Jan Sonck
  • Director appointment, LEXELLENCE BVBA (director)
  • Permanent representative, Erwin De Deyn
  • Director resignation, Quercum BVBA (director)
  • Permanent representative, Stefan Claeys
30-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
23-11
State Gazette act Resignation: GEERT ROELENS SPRL (director)
Permanent representative: Francis De Clerck3 facts ▸
  • General meeting, 29 août 2016
  • Director resignation, GEERT ROELENS SPRL (director)
  • Permanent representative, Francis De Clerck
2015
15-12
State Gazette act Appointment: Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)
Permanent representatives: De Clercq Fabio, Francis De Clerck and Geert Roelens5 facts ▸
  • General meeting, 8 juin 2015
  • Auditor appointment, Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)
  • Permanent representative, De Clercq Fabio
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
24-02
State Gazette act Appointment: BVBA QUERCUM (director)
Permanent representatives: Stefan Claeys, Francis De Clerck and Geert Roelens4 facts ▸
  • Director appointment, BVBA QUERCUM (director)
  • Permanent representative, Stefan Claeys
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
2014
31-07
State Gazette act Permanent representatives: Francis De Clerck and Geert Roelens
Statutes amendment4 facts ▸
  • General meeting, 10/07/2014
  • Statutes amendment
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
29-07
State Gazette act Resignation: Guy Verrue (director)
Permanent representatives: Francis De Clerck and Geert Roelens4 facts ▸
  • General meeting, 06/06/2014
  • Director resignation, Guy Verrue (director)
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
2013
23-07
State Gazette act Miscellaneous
Approval2 facts ▸
  • General meeting, 09/07/2013
  • Approval, 09/07/2013
2012
15-10
State Gazette act Appointment: Deloitte! Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)
Permanent representative: Francis De Clerck2 facts ▸
  • Auditor appointment, Deloitte! Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)
  • Permanent representative, Francis De Clerck
27-06
State Gazette act Appointments: Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor) and BVBA GEERT ROELENS (director)
Permanent representative: Geert Roelens4 facts ▸
  • General meeting, 06/06/2012
  • Auditor appointment, Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (statutory auditor)
  • Director appointment, BVBA GEERT ROELENS (director)
  • Permanent representative, Geert Roelens (permanent representative)
2011
27-07
State Gazette act Reappointment: BEAULIEU INTERNATIONAL GROUP NV (director)
Permanent representatives: Francis De Clerck and Stefaan Colle · Appointments: Guy Verrue (director) and Fabio De Clercq (commissaire aux comptes) · Resignations: Dirk Dees, BEAULIEU KRUISHOUTEM NV and Leo Van Steenberge9 facts ▸
  • General meeting, 06/06/2011
  • Director reappointment, BEAULIEU INTERNATIONAL GROUP NV (director)
  • Permanent representative, Francis De Clerck
  • Director appointment, Guy Verrue (director)
  • Director resignation, Dirk Dees (director)
  • Director resignation, BEAULIEU KRUISHOUTEM NV (director)
  • Permanent representative, Stefaan Colle
  • Auditor appointment, Fabio De Clercq (commissaire aux comptes)
  • Auditor resignation, Leo Van Steenberge (commissaire aux comptes)
2010
26-07
State Gazette act Permanent representative: Francis De Clerck
Statutes amendment3 facts ▸
  • General meeting, 21/06/2010
  • Statutes amendment
  • Permanent representative, Francis De Clerck
2009
21-09
State Gazette act Appointments: Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBА (statutory auditor) and Dirk Dees (director)
Permanent representatives: Van Steenberge Leo, De Clercq Fabion and Francis De Clerck6 facts ▸
  • General meeting, 06/06/2009
  • Auditor appointment, Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBА (statutory auditor)
  • Permanent representative, Van Steenberge Leo
  • Permanent representative, De Clercq Fabion
  • Director appointment, Dirk Dees (director)
  • Permanent representative, Francis De Clerck
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
29 of 29 acts read

Directors · office · real estate

Directors
2 directors, no change since 2026

Board 2

Bovand BV
Director · since 11-10-2024 · Legal entity · perm. rep.: Bo Oxfeldt
Current
RCP Management GmbH
Director · since 01-01-2026 · Legal entity · perm. rep.: Michael Nier
Current
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
BEAULIEU INTERNATIONAL GROUP
Director · since 06-06-2011 · Public limited company · perm. rep.: Francis De Clerck
Not recently confirmed
QUERCUM
Director · since 24-11-2014 · Private limited company · perm. rep.: Stefan Claeys
Not recently confirmed
LEXELLENCE
Director · since 06-06-2017 · Private limited company · perm. rep.: Erwin De Deyn
Not recently confirmed
SP-J Consult
Director · since 06-06-2017 · Private limited company · perm. rep.: Pieter-Jan Sonck
Not recently confirmed

Permanent representatives 2

Bo Oxfeldt
Permanent representative · since 11-10-2024 · for Bovand BV
Current
Michael Nier
Permanent representative · since 01-01-2026 · for RCP Management GmbH
Current
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Francis De Clerck
Permanent representative · since 06-06-2011 · for BEAULIEU INTERNATIONAL GROUP
Not recently confirmed
Stefan Claeys
Permanent representative · since 24-11-2014 · for QUERCUM
Not recently confirmed
Erwin De Deyn
Permanent representative · since 06-06-2017 · for LEXELLENCE
Not recently confirmed
Pieter-Jan Sonck
Permanent representative · since 06-06-2017 · for SP-J Consult
Not recently confirmed

Statutory auditor 1

KPMG Réviseurs d'Entreprises SCRL
Auditor · since 05-11-2020 · perm. rep.: Tim Vermeiren
Current
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 →
Location & real-estate footprint
Registered office, Comines-Warneton · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
4.5 ha
Building footprint
5.6 ha
Volume, LiDAR
455,073 m³
Parcel 54002C1032/00D000, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BEAULIEU TECHNICAL TEXTILES
Industriellaan(Kom) 3, 7780 Comines-WarnetonManufacture of textiles
since 19862.034.756.132
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54002C1032/00D000 Wallonia 4.5 ha 1 · 5.6 ha 9.8 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

21 people since 2009, 7 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Bovand BV
  • Director, from 11-10-2024 to date
RCP Management GmbH
  • Director, from 01-01-2026 to date
KPMG Réviseurs d'Entreprises SCRL
  • Auditor, from 05-11-2020 to date
BEAULIEU INTERNATIONAL GROUP
  • Director, already before 06-06-2011 not ended, last confirmed 27-07-2011
QUERCUM
  • Director, from 24-11-2014 not ended, last confirmed 24-02-2015
LEXELLENCE
  • Director, from 06-06-2017 not ended, last confirmed 01-08-2017
SP-J Consult
  • Director, from 06-06-2017 not ended, last confirmed 01-08-2017
Soltys, Mark
  • Daily management delegate, from 16-07-2025 to 01-03-2026
SteelCo GmbH
  • Director, from 30-04-2025 to 01-01-2026
Beaulieu International Group NV
  • Director, already before 06-06-2017 to 30-04-2025
  • Managing director, until 13-06-2025
Bovand SRL
  • Director, until 21-02-2025
SP-J Consult BV
  • Director, already before 06-06-2023 to 11-10-2024
BELGOTEX INTERNATIONAL NV
  • Director, from 30-06-2020 to 06-06-2023
Fabio DE CLERCQ
  • Commissaire aux comptes, from 27-07-2011 to 05-11-2020
SC s.f.d. SCRL Deloitte Réviseurs d'Entreprises
  • Statutory auditor, from 27-06-2012 to 05-11-2020
BV Lexellence
  • Director, until 30-06-2020
Quercum BVBA
  • Director, until 01-08-2017
GUY VERRUE
  • Director, from 06-06-2011 to 29-07-2014
Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBА
  • Statutory auditor, from 21-09-2009 to 27-07-2011
BELGOTEX INTERNATIONAL
  • Director, until 06-06-2011
Dirk DEES
  • Director, from 21-09-2009 to 06-06-2011
See the board, name and seat on a given date →

Articles of association

Purpose
La fabrication, le négoce en gros et en détail, l’exportation et l’importation, la représentation, la consignation, tant pour son compte que pour le compte d’autrui, de toutes…
Full purpose

La fabrication, le négoce en gros et en détail, l’exportation et l’importation, la représentation, la consignation, tant pour son compte que pour le compte d’autrui, de toutes produits textiles et tapis, ainsi que de toutes matières premières et produits en rapport direct ou indirect avec l’industrie textile et spécialement le tissage de tissus synthétiques, la filature de fil synthétique, la fabrication de tissus pour backing de tapis-tufted, le tout compris dans le sens le plus large. La société peut réaliser son objet pour son compte ou pour compte d’autrui, en tout lieu, de toute manière et suivant les modalités qui lui paraîtront les mieux appropriés, y compris la représentation, l’importation et l’exportation. En outre, la société peut s’engager de quelque manière que ce soit dans le transport de personnes et de marchandises et effectuer des travaux d'entretien et de réparation sur la flotte de voitures et de camions concernée. L'objet est entendu au sens large et comprend également tous les actes et opérations liés directement ou indirectement à son objet ou qui seraient de nature à faciliter, directement ou indirectement, la réalisation de cet objet en tout ou en partie. Ainsi, cet objet comprend, entre autres : L’agriculture, l'horticulture, l'élevage de bétail avec toutes les activités connexes ; La fourniture de conseils commerciaux, financiers, fiscaux et juridiques. Le développement et l’accompagnement de systèmes informatiques. L’analyse et/ou recherche de la situation et le fonctionnement d'une entreprise ; Le conseil en matière de marketing direct et de vente, location et développement de brevets, de licences, de programmes informatiques et de concepts de marché au sens large ; L’organisation d'événements et d'activités visant à promouvoir les activités commerciales des entreprises ; L’achat et la vente, directement ou en tant qu'intermédiaire, au pays et à l'étranger, de biens mobiliers et immobiliers ; La possession et la gestion de biens mobiliers et immobiliers (y compris la location) ; L’acquisition, la souscription, l'achat et la vente de parts, d'actions et d'obligations de toute entreprise, société ou association ; L’acceptation d’un mandat d'administrateur, de délégué à la gestion journalière et/ou de liquidateur dans toute entreprise ; La détention, l'achat, la vente, la location et la mise à disposition de toutes marques, brevets, droits d'auteur et autres droits intellectuels, et l'exercice de toutes les activités connexes ; L’achat, la vente, la location et l'exploitation, soit pour son propre compte, soit pour le compte de tiers, soit conjointement avec eux, d'installations, de machines et de matériel de transport ; L’émission d'obligations, avec ou sans garantie de sûretés réelles ; L’octroi de prêts et la conclusion ou l'octroi de toute forme de crédit ; Participer, coopérer ou fusionner avec toutes les entreprises qui peuvent favoriser la réalisation de l'objet, et prendre à cet effet toutes les mesures nécessaires ; Prendre des intérêts par voie d'association, d'apport, de fusion, d'intervention financière ou de toute autre manière, dans toutes les sociétés, associations ou entreprises qui peuvent être de nature à favoriser le développement de ses activités ; et Le cautionnement ou la fourniture des sûretés personnelles ou réelles, au sens le plus large, en faveur de tout tiers

Structure & network

Connections & network

11 connected companies
Linked via shared directors
BELGOTEX INTERNATIONAL
Shared director
→
BFS Europe NV
Shared director
→
Fedustria
Shared director
→
Show 7 more companies with a shared director
IMDECO
Shared director
→
L2D
Shared director
→
Lano
Shared director
→
B.I.G. FLOORCOVERINGS
Shared corporate director
→
BEAULIEU ICT
Shared corporate director
→
BerryAlloc NV
Shared corporate director
→
Catalisti
Shared corporate director
→

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 12-05-2025 ↗
After the capital increase act of 05-01-2024 ↗
  • BEAULIEU INTERNATIONAL GROUP

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 16-06-2026 Capital reduction of 1,525,602.60 EUR · to 5,655,443.24 EUR
  2. 16-12-2025 Capital reduction of 14,376,027 EUR · to 7,181,045.84 EUR · to absorb losses
  3. 12-05-2025 Capital increase of 5,928,000 EUR · to 21,557,072.84 EUR
  4. 05-01-2024 Capital increase of 15,000,000 EUR · to 23,038,051.84 EUR · in cash
  5. 05-01-2024 Capital reduction of 7,408,979 EUR · to 15,629,072.84 EUR · to absorb losses
  6. 15-01-2019 Capital reduction of 14,000,000 EUR · to 38,051.84 EUR · to absorb losses
  7. 15-01-2019 Capital increase of 8,000,000 EUR · 307,002 new shares · in cash

Similar companies · same sector, comparable size

Of 84 companies in sector 13910 we hold annual accounts for 20. 3 are within a factor 10 of this equity. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-10-1986
Fiscal year end31-12
Activities, NACEBEL 2025
13910Manufacture of textiles
13960Manufacture of textiles
13100Manufacture of textiles
13950Manufacture of textiles
13990Manufacture of textiles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0429666943
Registered 02-04-2026

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.