Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BILLBOARD TECHNOLOGY INDUSTRIES from Baarle-Hertog, company number BE0441193810, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year BILLBOARD TECHNOLOGY INDUSTRIES recorded revenue of € 11.3 million and equity of € 640,815. Compared with financial year 2024, the result moved from € 246,960 to € -1.5 million. The company made a loss. The buffer shrank hard: equity is 70 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 640,815
▼ 70% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ still € 246,960 profit in 2024
Profit after tax over the fiscal year.
€ 22,783
▲ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 540,815.
People and assets in 2025
37.9
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▼ 1% vs 2024
€ 75,300 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.
€ 302,718
▲ 110% vs 2024
Of which on lease € 177,509.
Debts at end 2025
€ 3.6 million
▼ 4% vs 2024
€ 422,163 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4.7 million
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 186 days on average.
€ 553,292
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,019,404 | € 15,753,628 | € 15,459,384 | € 11,287,805 | ▼ 27% |
| Profit after taxes | € 206,642 | € 64,221 | € 246,960 | € -1,461,602 | ▼ € 1.7 million |
| Equity | € 1,791,236 | € 1,855,457 | € 2,102,417 | € 640,815 | ▼ 70% |
| Total debts | € 13,971,146 | € 12,541,467 | € 12,419,796 | € 13,913,182 | ▲ 12% |
| Cash | € 236,921 | € 45,394 | € 12,111 | € 22,783 | ▲ 88% |
| Land & buildings | € 1,695,794 | € 1,642,061 | € 1,623,778 | € 1,616,827 | |
| Retained profit | € 1,691,236 | € 1,755,457 | € 2,002,417 | € 540,815 | ▼ 73% |
| Bank debt | € 1,865,125 | € 3,092,947 | € 3,726,764 | € 3,582,544 | ▼ 4% |
| Balance sheet total | € 15,777,295 | € 14,410,488 | € 14,534,897 | € 14,564,744 | |
| Employees (FTE) | 37.1 | 41.9 | 38.3 | 37.9 | ▼ 0.4 |
Key figures of BILLBOARD TECHNOLOGY INDUSTRIES, 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 BILLBOARD TECHNOLOGY INDUSTRIES?
What happened at BILLBOARD TECHNOLOGY INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Q RENT INVEST BV stepped down as director. NBB
- VP PARTICIPATIES B.V. stepped down as director. NBB
- Hendrikus Vogt stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million (▼ € 1.7 million vs 2024). filed late Source: NBB ↗
- Hendrikus Vogt became a director. NBB
- Q RENT INVEST BV became a director. NBB
- VP PARTICIPATIES B.V. became a director. NBB
- New establishment in Baarle-Hertog. KBO
In short
From € 206,642 profit in 2022 to € 1.5 million loss in 2025.
Paid € 5,459 in corporate taxes since 2022.
Best year ever: 2024, with € 246,960 profit.
Pays suppliers within 186 days on average.
Management
The stake of Q RENT INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BILLBOARD TECHNOLOGY INDUSTRIESThe shares are held by Q RENT INVEST (13%). It owns 100% of Q Lite, 100% of Q Lite BV and 100% of Q-Lite Holding (voorheen Ledyears Holding BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Karel François
since 2021 · until 2027
VP PARTICIPATIES B.V.
Director · represented by K. Jeroen Heine
since 2021 · until 2027
Hendrikus Vogt
Director
since 2023 · until 2027
Shareholders
13%
Participations
Establishments
Establishment units
Physical locations of this company
Wiekenweg 13
2387 Baarle-Hertog
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0441.193.810
- VAT number
- BE 0441.193.810
- Registered office
- Wiekenweg 13, 2387 Baarle-Hertog
- Names & denominations
- BILLBOARD TECHNOLOGY INDUSTRIES · BTI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 1990
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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