Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 228.6 to 197.6.
Financials
Financial year 2025
BTT from Comines-Warneton, company number BE0429666943, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year BTT recorded revenue of € 27.5 million and equity of € 13.6 million. Compared with financial year 2024, the result moved from € -4.4 million to € 2.5 million. Profitable, and profit is growing. 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 July 3, 2026.
€ 13.6 million
▲ 162% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▲ still € 4.4 million loss in 2024
Profit after tax over the fiscal year.
€ 1.8 million
▲ € 1.7 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.9 million.
People and assets in 2025
197.6
▼ 13.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.3 million
▼ 7% vs 2024
€ 52,200 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.
€ 107,482
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 88% vs 2024
€ 222,003 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 2.4 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 2 million
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 46,721,598 | € 31,451,140 | € 30,880,330 | € 27,475,394 | ▼ 11% |
| Profit after taxes | € -1,627,185 | € -9,957,642 | € -4,418,385 | € 2,474,397 | ▲ € 6.9 million |
| Equity | € 4,570,353 | € 9,612,711 | € 5,194,326 | € 13,596,724 | ▲ 162% |
| Total debts | € 22,122,308 | € 13,474,864 | € 14,458,677 | € 6,779,986 | ▼ 53% |
| Cash | € 106,802 | € 242,983 | € 111,898 | € 1,830,746 | ▲ € 1.7 million |
| Land & buildings | € 1,890,343 | € 1,756,099 | € 1,649,669 | € 0 | ▼ 100% |
| Retained profit | € -5,946,634 | € -8,495,297 | € -12,913,682 | € 3,936,742 | ▲ € 16.9 million |
| Bank debt | € 16,000,405 | € 6,904,524 | € 10,187,378 | € 1,245,848 | ▼ 88% |
| Balance sheet total | € 26,692,661 | € 23,087,575 | € 19,653,003 | € 20,376,710 | ▲ 4% |
| Employees (FTE) | 243.5 | 228.6 | 210.7 | 197.6 | ▼ 13.1 |
Key figures of BTT, 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 BTT?
What happened at BTT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- RCP Management GmbH stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.5 million. Source: NBB ↗
- RCP Management GmbH became a director. NBB
- New establishment in Comines-Warneton. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.6 million loss in 2022 to € 2.5 million profit in 2025.
Paid € 245,718 in corporate taxes since 2022.
Best year ever: 2025, with € 2.5 million profit.
Pays suppliers within 43 days on average.
Management
The stake of BEAULIEU INTERNATIONAL GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BTTThe shares are held by BEAULIEU INTERNATIONAL GROUP (100%).
Directors
According to the 2025 annual accounts
RCP Management GmbH
Director · represented by Mark Soltys
since 2026 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriellaan(Kom) 3
7780 Comines-Warneton
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.666.943
- VAT number
- BE 0429.666.943
- Registered office
- Industriellaan(Kom) 3, 7780 Comines-Warneton
- Names & denominations
- BTT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 1986
- Peppol
- Active · Active since 2 Apr 2026
- Activities · NACE
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