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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Negative equity NBB
More debt than assets in 3 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
BOTAN from Schoten, company number BE0722856272, closed financial year 2025 with a result of € -229,908 after tax. For that financial year BOTAN recorded a gross margin of € -11,402 and equity of € -394,724. Compared with financial year 2024, the result moved from € -82,974 to € -229,908. 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 October 15, 2026.
€ -394,724
▼ € 229,908 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -229,908
▼ 177 % more loss than in 2024
Profit after tax over the fiscal year.
€ 75,937
▲ 200% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -543,324.
People and assets in 2025
3
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 183,890
▲ 17% vs 2024
€ 61,300 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.
€ 9,598
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 650,217
▲ 27% vs 2024
€ 6,543 is repaid this year. At this pace the long-term loan is gone in ≈ 46 years.
€ 141,873
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,760
▼ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -185,903 | € 27,940 | € 130,194 | € -11,402 | ▼ € 141,596 |
| Profit after taxes | € -282,887 | € -113,738 | € -82,974 | € -229,908 | ▼ € 146,934 |
| Equity | € 31,897 | € -81,842 | € -164,815 | € -394,724 | ▼ € 229,908 |
| Total debts | € 419,747 | € 664,630 | € 681,577 | € 927,035 | ▲ 36% |
| Cash | € 121,048 | € 97,782 | € 25,304 | € 75,937 | ▲ 200% |
| Retained profit | € -116,703 | € -230,442 | € -313,415 | € -543,324 | ▼ € 229,908 |
| Bank debt | € 320,726 | € 559,030 | € 510,794 | € 650,217 | ▲ 27% |
| Balance sheet total | € 451,644 | € 582,789 | € 516,761 | € 532,311 | ▲ 3% |
| Employees (FTE) | 1.3 | 1.9 | 2.8 | 3 | ▲ 0.2 |
Key figures of BOTAN, 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 BOTAN?
What happened at BOTAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 229,908. filed late Source: NBB ↗
- Cas Appelmans became a director. NBB
- Alexi Benyacar became a director. NBB
- New establishment in Schoten. KBO
- Start of the company according to the CBE. KBO
- Circle Holdings NV became a director. NBB
- Timothy Peeters became a director. NBB
In short
From € 282,887 loss in 2022 to € 229,908 loss in 2025.
Paid € 1,233 in corporate taxes since 2022.
On average € 46,500 of value added per employee in 2024.
Management
The stake of CIRCLE HOLDINGS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BOTANBehind BOTAN are Circle Holdings NV, Alexi Benyacar, Cas Appelmans and Timothy Peeters. The shares are held by CIRCLE HOLDINGS (99%).
Directors
According to the 2025 annual accounts
since 2019
since 2022
Cas Appelmans
Director
since 2026
since 2019
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark Brechtsebaan 1 box UNIT 8
2900 Schoten
Brechtsebaan 1
2900 Schoten
Active since 1 October 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0722.856.272
- VAT number
- BE 0722.856.272
- Registered office
- Industriepark Brechtsebaan 1 bus UNIT 8, 2900 Schoten
- Names & denominations
- BOTAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 2019
- Peppol
- Active · Active since 22 Jul 2026
- Activities · NACE
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