BTWS
InactiveFinancials · financial year 2025, micro format
Equity
-€34,983▼ 8.0%
2024 · -€32,397
Total assets
€1,333▼ 94.8%
2024 · €25,711
Net result
-€2,587▲ 43.3%
2024 · -€4,564
Working capital
-€36,299▼ 35.1%
2024 · -€26,869
Trend over the years
2021 to 2025, 5 financial years
The operating result stays negative: a loss of €2,587 in 2025 against €4,143 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€2,587
2025
Net result-€2,587
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1,333
2025
Equity-€34,983
2025
Debt€36,316
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€36,299
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,603--€1,270▲ 20.8%-€22,692▼ 1,687%-€4,143▲ 81.7%-€2,587▲ 37.6%
Net result-€3,429--€3,639▼ 6.1%-€23,764▼ 553%-€4,564▲ 80.8%-€2,587▲ 43.3%
Equity-€429--€4,069▼ 847%-€27,833▼ 584%-€32,397▼ 16.4%-€34,983▼ 8.0%
Total assets€62,980-€84,390▲ 34.0%€14,629▼ 82.7%€25,711▲ 75.8%€1,333▼ 94.8%
Debt€63,410-€88,459▲ 39.5%€42,462▼ 52.0%€58,108▲ 36.8%€36,316▼ 37.5%
Working capital€43,532-€14,983▼ 65.6%-€11,113-€26,869▼ 142%-€36,299▼ 35.1%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1,333
Fixed assets
€1,316 ▼ 62.1%
Current assets
€17 ▼ 99.9%
Equity and liabilities
Equity-€34,983
Debt€36,316
Equity is negative: debt (€36,316) exceeds the balance-sheet total (€1,333).
Key figures and ratios
EBITDA
-€432▲
2024 · -€1,989
Cash flow
-€432▲
2024 · -€2,410
Debt ≤ 1 year
€36,316▼
2024 · €49,110
Ratios withheld: a balance sheet total of €1,333 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €217 | €9,606 | €2,090 | €2,154 | €2,154 | = |
| Other operating charges640/8 | €1,600 | €1,536 | €4,705 | €280 | €432 | ▲ 54.2% |
| Non-recurring operating charges66A | - | - | €2,559 | - | - | - |
| Gross operating margin9900 | €220 | €9,871 | -€13,338 | -€1,708 | - | - |
| Operating profit (loss)9901 | -€1,603 | -€1,270 | -€22,692 | -€4,143 | -€2,587 | ▲ 37.6% |
| Financial income75/76B | €62 | - | - | €0 | - | - |
| Recurring financial income75 | €62 | - | - | €0 | - | - |
| Financial charges65/66B | €472 | €1,672 | €1,014 | €421 | - | - |
| Recurring financial charges65 | €472 | €1,672 | €1,014 | €421 | - | - |
| Profit (loss) for the period before taxes9903 | -€2,013 | -€2,942 | -€23,706 | -€4,564 | -€2,587 | ▲ 43.3% |
| Income taxes67/77 | €1,417 | €697 | €58 | - | - | - |
| Profit (loss) for the period9904 | -€3,429 | -€3,639 | -€23,764 | -€4,564 | -€2,587 | ▲ 43.3% |
| Profit (loss) for the period to be appropriated9905 | -€3,429 | -€3,639 | -€23,764 | -€4,564 | -€2,587 | ▲ 43.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,980 | €84,390 | €14,629 | €25,711 | €1,333 | ▼ 94.8% |
| Fixed assets21/28 | €4,257 | €38,747 | €5,625 | €3,470 | €1,316 | ▼ 62.1% |
| Tangible fixed assets22/27 | €4,128 | €38,618 | €5,625 | €3,470 | €1,316 | ▼ 62.1% |
| Land and buildings22 | - | €3,300 | €2,400 | €1,500 | €600 | ▼ 60.0% |
| Plant, machinery and equipment23 | - | - | €835 | €450 | €64 | ▼ 85.7% |
| Furniture and vehicles24 | €4,128 | €3,259 | €2,390 | €1,521 | €652 | ▼ 57.1% |
| Leasing and similar rights25 | - | €32,059 | - | - | - | - |
| Financial fixed assets28 | €129 | €129 | - | - | - | - |
| Current assets29/58 | €58,723 | €45,643 | €9,004 | €22,241 | €17 | ▼ 99.9% |
| Stocks and contracts in progress3 | €51,203 | €41,203 | - | - | - | - |
| Stocks30/36 | €51,203 | €41,203 | - | - | - | - |
| Amounts receivable within one year40/41 | €5,968 | €1,273 | €3,257 | - | - | - |
| Trade receivables40 | €605 | €1,123 | €2,846 | - | - | - |
| Other amounts receivable41 | €5,363 | €150 | €411 | - | - | - |
| Cash at bank and in hand54/58 | €1,553 | €3,167 | €5,747 | €22,241 | €17 | ▼ 99.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,980 | €84,390 | €14,629 | €25,711 | €1,333 | ▼ 94.8% |
| Equity10/15 | -€429 | -€4,069 | -€27,833 | -€32,397 | -€34,983 | ▼ 8.0% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€3,429 | -€7,069 | -€30,833 | -€35,397 | -€37,983 | ▼ 7.3% |
| Amounts payable17/49 | €63,410 | €88,459 | €42,462 | €58,108 | €36,316 | ▼ 37.5% |
| Amounts payable after more than one year17 | €48,219 | €57,799 | €22,301 | €8,999 | - | - |
| Financial debts170/4 | €48,219 | €57,799 | €22,301 | €8,999 | - | - |
| Amounts payable within one year42/48 | €15,191 | €30,660 | €20,117 | €49,110 | €36,316 | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | €12,623 | €19,868 | €13,072 | €13,303 | - | - |
| Financial debts43 | - | €5,219 | €3,916 | €35,807 | €36,316 | ▲ 1.4% |
| Other loans439 | - | €5,219 | €3,916 | €35,807 | €36,316 | ▲ 1.4% |
| Trade debts44 | €797 | €1,378 | €645 | - | - | - |
| Suppliers440/4 | €797 | €1,378 | €645 | - | - | - |
| Taxes, remuneration and social security45 | €1,772 | €4,195 | €2,484 | - | - | - |
| Taxes450/3 | €1,772 | €4,195 | €2,484 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €44 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,429 | -€3,639 | -€23,764 | -€4,564 | -€2,587 | ▲ 43.3% |
| + Depreciation and write-downs630 | €217 | €9,606 | €2,090 | €2,154 | €2,154 | = |
| Operating cash flow (approximation) | -€3,212 | €5,967 | -€21,674 | -€2,410 | -€432 | ▲ 82.1% |
| Investment in fixed assets (approximation) | - | -€44,096 | €31,032 | €0 | €0 | - |
| Change in cash | - | €1,615 | €2,579 | €16,494 | -€22,224 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00253554 |
| 31-12-2024 | micro format | 24-09-2025 | 2025-00503666 |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00226846 |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00272382 |
| 31-12-2021 | micro format | 05-10-2022 | 2022-20456195 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.