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BTT

Active
Public limited company·Vervaardiging van gebreide en gehaakte stoffen· 39 yrs active
Industriellaan(Kom) 3 ·7780 Comines-Warneton, Belgium
KBO/BCE: BE 0429.666.943
Watch Print / PDF
Age39 yrs
Board5
Staff (FTE)242.2
Connections10
Real estate1 parcel · 4.5 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BTT is 0.2% (very low). The 2021 annual accounts show equity of €6.20M and a net result of €3.32M. The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-04-2025, 94 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 28-04-2025 94 d early 2025-00078401
31-12-2023 31-07-2024 13-06-2024 48 d early 2024-00142405
31-12-2022 31-07-2023 08-06-2023 53 d early 2023-00126737
31-12-2021 31-07-2022 09-06-2022 52 d early 2022-20065504
31-12-2020 31-07-2021 08-06-2021 53 d early 2021-18300326
31-12-2019 31-07-2020 19-06-2020 42 d early 2020-19700095
31-12-2018 31-07-2019 14-06-2019 47 d early 2019-19500050
31-12-2017 31-07-2018 26-06-2018 35 d early 2018-24000070
31-12-2016 31-07-2017 30-06-2017 31 d early 2017-27400264
31-12-2015 31-07-2016 10-06-2016 51 d early 2016-17900239

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1986, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€55.40M+18.2%
EBIT margin6.6%+12.4pp
Net result€3.32M
Working capital€3.06M+737.4%

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 28-04-2025 with the NBB · fiscal year 2024 · volledig
€-20.00M€0€20.00M€40.00M€60.00MRevenue 2018: €46.87M€46.87MOperating result 2018: €-2.70M€-2.70MNet result 2018: €-19.05M€-19.05MRevenue 2021: €55.40M€55.40MOperating result 2021: €3.67M€3.67MNet result 2021: €3.32M€3.32M20182021
RevenueOperating resultNet result
Revenue
€55.40M
+18.2% 18-21
EBITDA
€6.24M
+428.3% 18-21
Net profit
€3.32M
- 18-21
Cash flow
€5.89M
- 18-21
Total assets
€29.99M
-4.3% 18-21
Equity
€6.20M
-10.6% 18-21
Working capital
€3.06M
+737.4% 18-21
Employees (FTE)
242
-2.6% 18-21
Staff costs
€13.52M
- 18-21
Income taxes
€122k
+2607.6% 18-21
Debt
€23.79M
-2.5% 18-21
Debt ≤ 1y
€19.60M
+6.8% 18-21
Debt > 1y
€4.00M
-33.3% 18-21
Current ratio
1.16
+13.3% 18-21
Quick ratio
0.56
+37.4% 18-21
Solvency
20.7%
-6.6% 18-21
Debt / equity
3.84
+343.4% 18-21
ROE
53.6%
- 18-21
ROA
11.1%
- 18-21
Net margin
6.0%
- 18-21
EBITDA margin
11.3%
+346.9% 18-21
Interest coverage
49.04
+230.3% 18-21
Figures by fiscal year
Fiscal year2021
Depositvolledig
Revenue€55.40M
EBITDA€6.24M
Net profit€3.32M
Cash flow€5.89M
Staff costs€13.52M
Income taxes€122k
Dividends-
Total assets€29.99M
Equity€6.20M
Debt€23.79M
of which ≤ 1y€19.60M
of which > 1y€4.00M
Working capital€3.06M
Employees (FTE)242.2
Ratios (computed)
2021
Current ratio1.16
Quick ratio0.56
Working capital ratio10.2%
Solvency20.7%
Debt / equity3.84
Long-term debt ratio0.65
Interest coverage49.04
Gross margin50.7%
Net margin6.0%
ROA11.1%
ROE53.6%
EBITDA margin11.3%
Days sales outstanding68d
Days payable outstanding97d
Inventory turnover2.34
Days inventory (DSI)156d
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€29.99M
Fixed assets 21/28€7.34M
Intangible fixed assets 21€77k
Tangible fixed assets 22/27€7.26M
Financial fixed assets 28€535
Current assets 29/58€22.65M
Stocks & contracts in progress 3€11.67M
Amounts receivable within one year 40/41€10.48M
Cash & bank 54/58€57k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€29.99M
Equity 10/15€6.20M
Contributions / capital 10/11€10.52M
Reserves 13€1.46M
Accumulated profits (losses) 14€-5.78M
Amounts payable 17/49€23.79M
Amounts payable after one year 17€4.00M
Amounts payable within one year 42/48€19.60M
Trade debts payable within one year 44€7.26M
Income statement
Turnover 70€55.40M
Operating result 9901€3.67M
Financial income 75€287k
Financial charges 65€515k
Result before taxes 9903€3.44M
Income taxes 67/77€122k
Net result for the period 9904€3.32M
Result to be appropriated 9905€3.32M
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
71 / 100 Healthy
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.

Directors

Directors & mandates

13 directors
Current directors & mandates
  • RCP Management GmbHLegal entity
    Director
    State Gazette act 25159038 (17-12-2025)
    Current
    01-01-2026 → present
  • SteelCo GmbHLegal entity
    Director· perm. rep.: Michael Nier
    State Gazette act 25074391 (13-06-2025)
    Current
    30-04-2025 → present
  • Bovand BVLegal entity
    Director· perm. rep.: Bo Oxfeldt
    State Gazette act 24168546 (28-11-2024)
    Current
    11-10-2024 → present
  • SP-J Consult BVLegal entity
    Director· perm. rep.: Pieter-Jan Sonck
    State Gazette act 23129200 (10-10-2023)
    Current
    06-06-2023 → present
  • Beaulieu International Group NVLegal entity
    Director· perm. rep.: Francis De Clerck
    State Gazette act 23129200 (10-10-2023)
    Current
    29-07-2014 → present
    2 events
    • 06-06-2023 Mandate renewed· Director
    • 29-07-2014 Appointed· Director
Historic, not recently confirmed (4)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • LEXELLENCELegal entity
    Director· perm. rep.: Erwin De Deyn
    State Gazette act 17111559 (01-08-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • SP-J ConsultLegal entity
    Director· perm. rep.: Pieter-Jan Sonck
    State Gazette act 17111559 (01-08-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • QUERCUMLegal entity
    Director· perm. rep.: Stefan Claeys
    State Gazette act 15029885 (24-02-2015)
    Not recently confirmed
    last confirmed in an act from 2015
  • Geert Roelens BVBALegal entity
    Director· perm. rep.: Geert Roelens
    State Gazette act 14145498 (29-07-2014)
    Not recently confirmed
    last confirmed in an act from 2014
Former directors (4)
  • Soltys, Mark
    Daily management
    State Gazette act 25098462 (01-08-2025)
    Former
    16-07-2025 → 01-03-2026
    2 events
    • 01-03-2026 Resigned· Personne déléguée à la gestion journalière
    • 16-07-2025 Appointed· Daily management
  • Quercum BVBALegal entity
    Director· perm. rep.: Stefan Claeys
    State Gazette act 17111559 (01-08-2017)
    Former
    - → 01-08-2017
  • GUY VERRUE
    Director
    State Gazette act 11115436 (27-07-2011)
    Former
    06-06-2011 → 06-06-2014
    2 events
    • 06-06-2014 Resigned· Director
    • 06-06-2011 Appointed· Director
  • Dirk DEES
    Director
    State Gazette act 09132550 (21-09-2009)
    Former
    21-09-2009 → 06-06-2011
    2 events
    • 06-06-2011 Resigned· Director
    • 21-09-2009 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

5 auditors
Statutory auditor IRE/IBR number Tenure
KPMG Réviseurs d'Entreprises SCRLCurrent
Statutory auditor · represented by Tim VERMEIREN
 - 06-06-2023 → present
Tim VERMEIRENCurrent
Commissaire aux comptes
 - 10-10-2023 → present
Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA
Statutory auditor · represented by De Clercq Fabio
succeeded by SC s.f.d. SCRL Deloitte Réviseurs d'Entreprises in 2018
 - 15-12-2015 → 06-06-2018
Fabio DE CLERCQ
Commissaire aux comptes
succeeded by Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA in 2015
 - 27-07-2011 → 15-12-2015
SC s.f.d. SCRL Deloitte Réviseurs d'Entreprises
Statutory auditor · represented by De Clercq Fabio
succeeded by KPMG Réviseurs d'Entreprises SCRL in 2023
 - 06-06-2018 → 06-06-2023
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Vervaardiging van gebreide en gehaakte stoffen(13910)
Legal form Public limited company(014)
Incorporation24-10-1986
StatusActive
Postal code7780

Structure & network

Connections & network

10 connected companies
LEXELLENCE, Parent company LLEXELLENCEQUERCUM, Parent company QQUERCUMSP-J Consult, Parent company SCSP-J ConsultBEAULIEU INTERNATIONAL GROUP, 2 shared directors BIBEAULIEUINTERNAT…GROUPBELGOTEX INTERNATIONAL, Shared director BIBELGOTEXINTERNATIONALFedustria, Shared director FFedustriaIMDECO, Shared director IIMDECOL2D, Shared director LL2DLANO SPORTS, Shared director LSLANO SPORTSMODULYSS, Shared corporate director MMODULYSSBTT BTT0429.666.943
Group structureShared directors
Group structure
LEXELLENCE
Parent · 3 subsidiaries · 1 location
Control→
QUERCUM
Parent · 2 subsidiaries · 1 location
Control→
SP-J Consult
Parent · 2 subsidiaries · 1 location
Control→
Network connections
→
BELGOTEX INTERNATIONAL
Shared director
→
Fedustria
Shared director
→
IMDECO
Shared director
→
L2D
Shared director
→
LANO SPORTS
Shared director
→
MODULYSS
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

3 parties
Control over this companysits on this company's board3
LEXELLENCE
3 subsidiaries · 1 location
QUERCUM
2 subsidiaries · 1 location
SP-J Consult
2 subsidiaries · 1 location
controls
BTTBE 0429.666.943

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Industriellaan(Kom) 37780 Comines-Warneton

Establishment units

1 location
BEAULIEU TECHNICAL TEXTILES
Industriellaan(Kom) 3, 7780 Comines-WarnetonBewerken en spinnen van textielvezels
since 19862.034.756.132
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4.5 ha
Buildings1
Building footprint5.6 ha
Volume (LiDAR)455,073 m³
Tallest building9.8 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

27 verified acts

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026
20-03-2026 Resignations & appointments
5 facts
  • Board meeting , 01/03/2026
  • Permanent representative, Mark Soltys
  • Permanent representative, Michael Nier
  • Board meeting , 04/03/2026
  • Director resignation, Mark Soltys (personne déléguée à la gestion journalière)
2025
17-12-2025 Resignations & appointments
5 facts
  • General meeting , 27/11/2025
  • Director resignation, SteelCo GmbH (administrateur)
  • Permanent representative, Michael Nier
  • Director appointment, RCP Management GmbH (administrateur)
  • Permanent representative, Michael Nier
16-12-2025 Statutes amendment
4 facts
  • General meeting , 08/12/2025
  • Capital decrease , €14.376.027
  • Capital , €7.181.045,84
  • Statutes amendment
04-09-2025 Statutes amendment · Resignations & appointments
2 facts
  • General meeting , 28/08/2025
  • Name change , BTT
01-08-2025 Resignations & appointments
2 facts
  • Board meeting , 16/07/2025
  • Director appointment, Mark Soltys (délégué à la gestion journalière)
13-06-2025 Resignations & appointments
6 facts
  • General meeting , 30/04/2025
  • Director resignation, Beaulieu International Group NV (administrateur)
  • Director appointment, SteelCo GmbH (administrateur)
  • Mandate compensation, SteelCo GmbH
  • Director discharge, Beaulieu International Group NV
  • Director resignation, Beaulieu International Group NV (administrateur délégué)
12-05-2025 Capital & shares
4 facts
  • General meeting , 25 avril 2025
  • Capital increase , €5.928.000
  • Capital , €21.557.072,84
  • Power of attorney, Margo Renneboog
21-03-2025 Resignations & appointments
3 facts
  • General meeting , 21/02/2025
  • Director resignation, Bovand SRL (administrateur)
  • Permanent representative, Bo Oxfeldt
2024
28-11-2024 Resignations & appointments
6 facts
  • General meeting , 11/10/2024
  • Director resignation, SP-J Consult BV (administrateur)
  • Director appointment, Bovand BV (administrateur)
  • Permanent representative, Pieter-Jan Sonck
  • Permanent representative, Bo Oxfeldt
  • Mandate compensation, Bovand BV
05-01-2024 Capital & shares · Purpose · Statutes amendment
10 facts
  • General meeting , 5 décembre 2023
  • Statutes amendment
  • Purpose change , Modification de l'objet social
  • Corporate 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’au…
  • Capital increase , €15.000.000
  • Bank account , KBC à Gand
+4 further facts
2023
10-10-2023 Entlassung - Ernennung
13 facts
  • General meeting , 06/06/2023
  • Director reappointment, Beaulieu International Group NV (administrateur)
  • Permanent representative, Francis De Clerck
  • Mandate compensation, Beaulieu International Group NV
  • Director reappointment, SP-J Consult BV (administrateur)
  • Permanent representative, Pieter-Jan Sonck
+7 further facts
2021
22-04-2021 Capital & shares
Show 12 older acts

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2020
05-11-2020 Resignations & appointments
8 facts
  • General meeting , 08/06/2020
  • Board meeting , 03/02/2020
  • Auditor appointment, KPMG Réviseurs d'Entreprises SCRL (commissaire)
  • Permanent representative, Tim Vermeiren
  • Director resignation, Lexellence BV (administrateur)
  • Director appointment, BELGOTEX INTERNATIONAL NV (administrateur)
+2 further facts
2019
15-01-2019 Capital & shares
9 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
+3 further facts
2018
01-08-2018 Resignations & appointments
6 facts
  • General meeting , 06/06/2018
  • Director resignation, Deloitte Réviseurs d'Entreprises SC s.f.d. SCRL (commissaire)
  • Auditor appointment, Deloitte Réviseurs d'Entreprises SC s.f.d. SCRL (commissaire)
  • Permanent representative, De Clercq Fabio
  • Permanent representative, Erwin De Deyn
  • Permanent representative, Pieter-Jan Sonck
2017
01-08-2017 Resignations & appointments
9 facts
  • General meeting , 06/06/2017
  • Director reappointment, Beaulieu International Group NV (administrateur)
  • Permanent representative, Francis De Clerck
  • Director appointment, SP-J CONSULT BVBA (administrateur)
  • Permanent representative, Pieter-Jan Sonck
  • Director appointment, LEXELLENCE BVBA (administrateur)
+3 further facts
2016
23-11-2016 Resignations & appointments
3 facts
  • General meeting , 29 août 2016
  • Director resignation, GEERT ROELENS SPRL (administrateur)
  • Permanent representative, Francis De Clerck
2015
15-12-2015 Resignations & appointments
5 facts
  • General meeting , 8 juin 2015
  • Auditor appointment, Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (commissaire)
  • Permanent representative, De Clercq Fabio
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
24-02-2015 Resignations & appointments
4 facts
  • Director appointment, BVBA QUERCUM (administrateur)
  • Permanent representative, Stefan Claeys
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
2014
31-07-2014 Capital & shares
4 facts
  • General meeting , 10/07/2014
  • Statutes amendment
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
29-07-2014 Resignations & appointments
4 facts
  • General meeting , 06/06/2014
  • Director resignation, Guy Verrue (administrateur)
  • Permanent representative, Francis De Clerck
  • Permanent representative, Geert Roelens
2013
23-07-2013 Miscellaneous
2 facts
  • General meeting , 09/07/2013
  • Approval , 09/07/2013
2012
15-10-2012 Resignations & appointments
2 facts
  • Auditor appointment, Deloitte! Bedrijfsrevisoren BV o.v.v.e. CVBA (commissaire)
  • Permanent representative, Francis De Clerck
27-06-2012 Resignations & appointments
4 facts
  • General meeting , 06/06/2012
  • Auditor appointment, Deloitte Bedrijfsrevisoren BV o.v.v.e. CVBA (commissaire)
  • Director appointment, BVBA GEERT ROELENS (administrateur)
  • Permanent representative, Geert Roelens (représentant permanent)
Showing the 24 most recent of 27 acts. Full history

Analysis

Snowflake analysis

financial profile on 5 axes
Health71Profitability70Solvency30Growth70Stability100
68 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 71
Profitability 70
Solvency 30
Growth 70
Stability 100

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verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van gebreide en gehaakte stoffen13910Vervaardiging van gebreide en gehaakte stoffen13910Vervaardiging van ander technisch en industrieel textiel13960Vervaardiging van ander technisch en industrieel textiel13960Vervaardiging van gebreide en gehaakte stoffen17600Bewerken en spinnen van textielvezels13100Bewerken en spinnen van textielvezels13100Vervaardiging van gebonden textielvlies en van artikelen van gebonden textielvlies, exclusief kleding13950Vervaardiging van ongeweven stoffen en artikelen van ongeweven stoffen13950Vervaardiging van ander technisch en industrieel textiel13960Vervaardiging van ander technisch en industrieel textiel13960Vervaardiging van andere textielproducten, n.e.g.13990Vervaardiging van andere textielproducten, neg13990
Primary activity highlighted.
Names & trade names
Legal nameFR BTT
Registered office
Industriellaan(Kom) 3
7780 Comines-Warneton, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.