Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
BT HOLIDAYS from Binche, company number BE0439534219, closed financial year 2025 with a result of € -30,470 after tax. For that financial year BT HOLIDAYS recorded a gross margin of € 1.1 million and equity of € 672,928. Compared with financial year 2024, the result moved from € 25,161 to € -30,470. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 672,928
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -30,470
▼ still € 25,161 profit in 2024
Profit after tax over the fiscal year.
€ 2.1 million
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
18.6
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 23% vs 2024
€ 55,300 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.
€ 18,230
▲ 142% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 27,439
▼ 44% vs 2024
€ 24,067 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 3.2 million
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 202,964
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,035,724 | € 5,563,827 | - | - | |
| Gross margin | - | - | € 997,980 | € 1,125,156 | ▲ 13% |
| Profit after taxes | € -210,104 | € 5,475 | € 25,161 | € -30,470 | ▼ € 55,631 |
| Equity | € 172,762 | € 678,237 | € 703,398 | € 672,928 | ▼ 4% |
| Total debts | € 3,044,058 | € 4,543,081 | € 5,174,199 | € 6,178,787 | ▲ 19% |
| Cash | € 1,487,868 | € 2,685,353 | € 1,806,259 | € 2,108,112 | ▲ 17% |
| Land & buildings | € 128,476 | € 114,637 | € 101,907 | € 89,335 | ▼ 12% |
| Retained profit | € -1,367,238 | € -1,361,763 | € -1,336,602 | € -1,367,072 | ▼ € 30,470 |
| Bank debt | € 127,176 | € 88,295 | € 48,979 | € 27,439 | ▼ 44% |
| Balance sheet total | € 3,216,820 | € 5,221,318 | € 5,877,597 | € 6,851,716 | ▲ 17% |
| Employees (FTE) | 15.5 | 15.3 | 17.8 | 18.6 | ▲ 0.8 |
Key figures of BT HOLIDAYS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BT HOLIDAYS?
What happened at BT HOLIDAYS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel Salaun Participations SAS stepped down as director. NBB
- Benoît Dieu stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 30,470 (▼ € 55,631 vs 2024). filed late Source: NBB ↗
- New establishment in Soignies. KBO
- Thibaud Scouarnec became a director. NBB
- New establishment in Charleroi. KBO
- New establishment in Charleroi. KBO
- New establishment in Lessines. KBO
In short
From € 210,104 loss in 2022 to € 30,470 loss in 2025.
Paid € 15,321 in corporate taxes since 2022.
Best year ever: 2024, with € 25,161 profit.
On average € 60,500 of value added per employee in 2025.
Management
Behind BT HOLIDAYS is Thibaud Scouarnec. The shares are held by BT DEVELOPPEMENT SA (100%), BT TOURS (0%) and MICHEL SALAUN PARTICIPATIONS SAS (0%).
Directors
According to the 2025 annual accounts
since 2024
Michel Salaun Participations SAS
Chairman of the board · represented by Michel Salaun
Owns 100% via BT DEVELOPPEMENT SA
Also active at: BT AUTOCARS, BT DEVELOPPEMENT
since 2014 · until 2027
since 2014 · until 2027
Shareholders
BT DEVELOPPEMENT SA · holding of Michel Salaun Participations SAS
100%
0%
MICHEL SALAUN PARTICIPATIONS SAS
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Léopold III(PER) 371 box A
7134 Binche
Rue Albert Ier 151
6560 Erquelinnes
Active since 19 September 1997
Grand-Rue 76
7000 Mons
Active since 7 February 1990
Rue de la Loi(L.L) 21
7100 La Louvière
Active since 28 April 2005
Grand Place(BIN) 47
7130 Binche
Active since 1 January 2006
Rue de Namur 19
1400 Nivelles
Active since 9 February 2009
Rue de l'Industrie 14
1480 Tubize
Active since 9 February 2009
Rue Rogier 5
7000 Mons
Active since 9 February 2009
Rue César Despretz(L) 4 box A
7860 Lessines
Active since 1 October 2016
Rue de l'Industrie(PIE) 2 box 3
7100 La Louvière
Active since 1 March 2016
Avenue Paul Pastur 418
6032 Charleroi
Active since 1 August 2017
Rue Modeste Cornil 51-53
6041 Charleroi
Active since 1 January 2019
Rue d'Audiger 4
7060 Soignies
Active since 1 October 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0439.534.219
- VAT number
- BE 0439.534.219
- Registered office
- Avenue Léopold III(PER) 371 bus A, 7134 Binche
- Names & denominations
- BT HOLIDAYS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 February 1990
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van reisbureaus
Reisbureaus