Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STUDIEBUREAU B.T.C. from Antwerpen, company number BE0437085958, closed financial year 2025 with a result of € -211,874 after tax. For that financial year STUDIEBUREAU B.T.C. recorded a gross margin of € -8,191 and equity of € -449,472. Compared with financial year 2024, the result moved from € -306,813 to € -211,874. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -449,472
▼ € 211,874 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -211,874
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 12,636
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -510,972.
People and assets in 2025
0.9
Average over the fiscal year, from the social balance sheet.
€ 79,128
▲ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 29,087
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 799,369
Loans from banks and other lenders, long and short.
€ 40,434
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,339
▼ 21% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 371,670 | € 43,243 | € -4,529 | € -8,191 | ▼ € 3,662 |
| Profit after taxes | € 252,518 | € -34,430 | € -306,813 | € -211,874 | ▲ € 94,939 |
| Equity | € 103,646 | € 69,216 | € -237,598 | € -449,472 | ▼ € 211,874 |
| Total debts | € 1,525,750 | € 1,524,655 | € 1,645,854 | € 1,567,466 | ▼ 5% |
| Cash | € 540,265 | € 194,147 | € 348,544 | € 12,636 | ▼ 96% |
| Retained profit | € 42,146 | € 7,716 | € -299,098 | € -510,972 | ▼ € 211,874 |
| Bank debt | € 799,369 | € 799,369 | € 799,369 | € 799,369 | |
| Balance sheet total | € 1,629,396 | € 1,593,870 | € 1,408,256 | € 1,117,994 | ▼ 21% |
| Employees (FTE) | 0.9 | 0.9 | 0.9 | 0.9 |
Key figures of STUDIEBUREAU B.T.C., 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 STUDIEBUREAU B.T.C.?
What happened at STUDIEBUREAU B.T.C. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gerson Gutfreund stepped down as director. NBB
- Efraim Tenenbaum stepped down as director. NBB
- Oscar Pfeffermann stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 211,874. Source: NBB ↗
- Gerson Gutfreund became a director. NBB
- Efraim Tenenbaum became a director. NBB
- Oscar Pfeffermann became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 252,518 profit in 2022 to € 211,874 loss in 2025.
Paid € 1,654 in corporate taxes since 2022.
Best year ever: 2022, with € 252,518 profit.
A new publication or filing at STUDIEBUREAU B.T.C.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of EVOS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STUDIEBUREAU B.T.C.The shares are held by EVOS (0.8%).
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Efraim Tenenbaum
Director
since 2024 · until 2030
Shareholders
0.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zurenborgstraat 6
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.085.958
- VAT number
- BE 0437.085.958
- Registered office
- Zurenborgstraat 6, 2018 Antwerpen
- Names & denominations
- STUDIEBUREAU B.T.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1989
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
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