BUT is an advertising agency in Schelle. Public Limited, started on 20 October 1983, 2 establishments.

What is the address of BUT?

The registered office of BUT is located at Molenberglei 13, 2627 Schelle.

Yes. According to the CBE (30 October 2026) BUT is active, legal situation “Normale toestand”, started on 20 October 1983.

Is BUT registered on Peppol?

Yes, BUT is registered on the Peppol network with ID 0208:0424749142.

What is the enterprise number of BUT?

The enterprise number of BUT is BE0424749142.

When was BUT founded?

BUT was founded on 20 October 1983.

Who are the directors of BUT?

According to the 2025 annual accounts, the directors of BUT are: Marc Wauters, Luc Wauters.

Is BUT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 20 October 1983; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did BUT make in 2025?

BUT posted a profit after taxes of € 257,579 in financial year 2025.

What is the revenue of BUT?

In its most recent annual accounts (2025), BUT reported revenue of € 7,254,030.

How much does an employee at BUT earn?

The average wage cost per full-time employee at BUT was € 272,700 in 2025: staff costs of € 4 million for 14.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BUT have?

According to the 2025 annual accounts, BUT has 14.5 full-time equivalents (FTE).

Does BUT have a website?

Yes, BUT has a website at but.digital.

BUT (Public Limited) - Schelle - BE0424749142

Dossier BUT, printed on 30 October 2026 from databakkes.be/en/0424749142/but. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

BUT from Schelle, company number BE0424749142, closed financial year 2025 with a result of € 257,579 after tax. For that financial year BUT recorded revenue of € 7.3 million and equity of € 7 million. Compared with financial year 2024, the result moved from € 683,015 to € 257,579. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.

What it is worth Growing

€ 7 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 257,579

▼ 62% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 3.3 million

▼ 46% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 6 million.

People and assets in 2025

Full-time equivalents

14.5

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4 million

▲ 6% vs 2024

€ 272,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 224,311

▼ 10% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 303,298

▼ 25% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 136,514

▼ 93% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.

Taxes and wages

€ 240,050

▲ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 7,508,180 Revenue 2022: € 7,508,180 First fiscal year in the series	€ 6,826,760 Revenue 2023: € 6,826,760 ▼ 9% vs 2022 (€ 7,508,180) Unfavourable step	€ 9,263,038 Revenue 2024: € 9,263,038 ▲ 36% vs 2023 (€ 6,826,760) Favourable step	€ 7,254,030 Revenue 2025: € 7,254,030 ▼ 22% vs 2024 (€ 9,263,038) Unfavourable step	▼ 22%
Gross margin	€ 5,430,808 Gross margin 2022: € 5,430,808 First fiscal year in the series	€ 4,698,561 Gross margin 2023: € 4,698,561 ▼ 13% vs 2022 (€ 5,430,808) Unfavourable step	-	-
Profit after taxes	€ 1,199,930 Profit after taxes 2022: € 1,199,930 First fiscal year in the series	€ -544,906 Profit after taxes 2023: € -544,906 ▼ € 1.7 million vs 2022 (€ 1,199,930) Unfavourable step	€ 683,015 Profit after taxes 2024: € 683,015 ▲ € 1.2 million vs 2023 (€ -544,906) Favourable step	€ 257,579 Profit after taxes 2025: € 257,579 ▼ 62% vs 2024 (€ 683,015) Unfavourable step	▼ 62%
Equity	€ 6,633,819 Equity 2022: € 6,633,819 First fiscal year in the series	€ 6,088,913 Equity 2023: € 6,088,913 ▼ 8% vs 2022 (€ 6,633,819) Unfavourable step	€ 6,771,928 Equity 2024: € 6,771,928 ▲ 11% vs 2023 (€ 6,088,913) Favourable step	€ 7,029,507 Equity 2025: € 7,029,507 ▲ 4% vs 2024 (€ 6,771,928) Favourable step	▲ 4%
Total debts	€ 612,328 Total debts 2022: € 612,328 First fiscal year in the series	€ 427,642 Total debts 2023: € 427,642 ▼ 30% vs 2022 (€ 612,328) Favourable step	€ 3,226,938 Total debts 2024: € 3,226,938 ▲ € 2.8 million vs 2023 (€ 427,642) Unfavourable step	€ 984,805 Total debts 2025: € 984,805 ▼ 69% vs 2024 (€ 3,226,938) Favourable step	▼ 69%
Cash	€ 1,505,487 Cash 2022: € 1,505,487 First fiscal year in the series	€ 2,353,217 Cash 2023: € 2,353,217 ▲ 56% vs 2022 (€ 1,505,487) Favourable step	€ 6,084,180 Cash 2024: € 6,084,180 ▲ 159% vs 2023 (€ 2,353,217) Favourable step	€ 3,266,569 Cash 2025: € 3,266,569 ▼ 46% vs 2024 (€ 6,084,180) Unfavourable step	▼ 46%
Land & buildings	€ 353,609 Land & buildings 2022: € 353,609 First fiscal year in the series	€ 336,163 Land & buildings 2023: € 336,163 ▼ 5% vs 2022 (€ 353,609) Unchanged	€ 326,658 Land & buildings 2024: € 326,658 ▼ 3% vs 2023 (€ 336,163) Unchanged	€ 351,797 Land & buildings 2025: € 351,797 ▲ 8% vs 2024 (€ 326,658) Unchanged	▲ 8%
Retained profit	€ 5,633,819 Retained profit 2022: € 5,633,819 First fiscal year in the series	€ 5,088,913 Retained profit 2023: € 5,088,913 ▼ 10% vs 2022 (€ 5,633,819) Unfavourable step	€ 5,771,928 Retained profit 2024: € 5,771,928 ▲ 13% vs 2023 (€ 5,088,913) Favourable step	€ 6,029,507 Retained profit 2025: € 6,029,507 ▲ 4% vs 2024 (€ 5,771,928) Favourable step	▲ 4%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 405,984 Bank debt 2024: € 405,984 Unchanged (€ 0) Unfavourable step	€ 303,298 Bank debt 2025: € 303,298 ▼ 25% vs 2024 (€ 405,984) Favourable step	▼ 25%
Balance sheet total	€ 7,246,147 Balance sheet total 2022: € 7,246,147 First fiscal year in the series	€ 6,516,555 Balance sheet total 2023: € 6,516,555 ▼ 10% vs 2022 (€ 7,246,147) Unchanged	€ 9,998,866 Balance sheet total 2024: € 9,998,866 ▲ 53% vs 2023 (€ 6,516,555) Unchanged	€ 8,014,312 Balance sheet total 2025: € 8,014,312 ▼ 20% vs 2024 (€ 9,998,866) Unchanged	▼ 20%
Employees (FTE)	16.6 Employees (FTE) 2022: 16.6 First fiscal year in the series	15.7 Employees (FTE) 2023: 15.7 ▼ 0.9 vs 2022 (16.6) Unchanged	14.7 Employees (FTE) 2024: 14.7 ▼ 1 vs 2023 (15.7) Unchanged	14.5 Employees (FTE) 2025: 14.5 ▼ 0.2 vs 2024 (14.7) Unchanged	▼ 0.2

Key figures of BUT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to BUT?

What happened at BUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Marc Wauters stepped down as director. NBB
2029 Luc Wauters stepped down as director. NBB
Jun 29, 2026 New annual accounts for financial year 2025: profit of € 257,579 (▼ 62% vs 2024). Source: NBB ↗
2023 Marc Wauters became a director. NBB
2023 Luc Wauters became a director. NBB
Oct 20, 1983 New establishment in Schelle. KBO
Oct 20, 1983 New establishment in Schelle. KBO
Oct 20, 1983 Start of the company according to the CBE. KBO

In short

From € 1.2 million profit in 2022 to € 257,579 profit in 2025.

Paid € 167,672 in corporate taxes since 2022.

Best year ever: 2022, with € 1.2 million profit.

On average € 299,300 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

BUT

BUT PTE 100%

BUT. CH 100%

It owns 100% of BUT PTE and 100% of BUT. CH itself.

Directors

According to the 2025 annual accounts

Marc Wauters

Managing director

since 2023 · until 2029

Luc Wauters

Director

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Molenberglei 13

2627 Schelle

2.232.274.559

Molenberglei 4

2627 Schelle

Active since 20 October 1983

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS but.digital

Canonical: https://but.digital/be-en

About

Technologies

AOSGoogle Tag ManagerNginxPHPVimeo

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Website info

HTTPS Ja

Languages EN, FR, NL

Features

Blog Jobs Ads Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0424.749.142

VAT number

BE 0424.749.142

Registered office

Molenberglei 13, 2627 Schelle

Names & denominations

BUT

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

20 October 1983

Peppol

Active · Active since 22 May 2025

Contact

but.digital [email protected] 036108911

Activities · NACE

Activiteiten van reclamebureaus

Publiciteitsagentschappen

View on CBE Public ↗ Annual accounts (NBB) ↗

BUT