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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Shrinking team NBB
FTE fell two years in a row, from 10.3 to 7.2.
Financials
Financial year 2026
BELGIAN TOWER COMPANY from Schoten, company number BE0808922491, closed financial year 2026 with a result of € -365,390 after tax. For that financial year BELGIAN TOWER COMPANY recorded revenue of € 4.1 million and equity of € 3.2 million. Compared with financial year 2025, the result moved from € -542,759 to € -365,390. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 3.2 million
▼ 27% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -365,390
▲ 33 % less loss than in 2025
Profit after tax over the fiscal year.
€ 2.8 million
▲ 64% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.7 million.
People and assets in 2026
7.2
▼ 2.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 34% vs 2025
€ 197,200 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.
€ 65,066
▲ 61% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 219,973
▼ 26% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 403,423
▲ 20% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 8,102,068 | € 8,894,381 | € 7,912,356 | € 4,054,328 | ▼ 49% |
| Profit after taxes | € 170,819 | € 1,453,655 | € -542,759 | € -365,390 | ▲ € 177,369 |
| Equity | € 4,047,671 | € 5,501,325 | € 4,358,566 | € 3,193,176 | ▼ 27% |
| Total debts | € 5,372,207 | € 2,027,249 | € 2,759,809 | € 3,215,671 | ▲ 17% |
| Cash | € 340,686 | € 314,800 | € 1,734,068 | € 2,847,930 | ▲ 64% |
| Land & buildings | € 3,544,832 | € 3,018,320 | € 2,504,987 | € 2,157,340 | ▼ 14% |
| Retained profit | € 2,553,853 | € 4,007,507 | € 2,864,748 | € 1,699,358 | ▼ 41% |
| Dividend | € 3,500,000 | € 0 | € 600,000 | € 800,000 | ▲ 33% |
| Balance sheet total | € 9,419,877 | € 7,528,575 | € 7,336,375 | € 6,408,847 | ▼ 13% |
| Employees (FTE) | 11 | 10.3 | 9.8 | 7.2 | ▼ 2.6 |
Key figures of BELGIAN TOWER COMPANY, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to BELGIAN TOWER COMPANY?
What happened at BELGIAN TOWER COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hagay Shilo stepped down as director. NBB
- Kevin Moroney stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 365,390. Source: NBB ↗
- Hagay Shilo became a director. NBB
- Kevin Moroney became a director. NBB
- New establishment in Antwerpen. KBO
- New establishment in Sint-Pieters-Leeuw. KBO
- New establishment in Schoten. KBO
In short
From € 170,819 profit in 2022 to € 365,390 loss in 2026.
Paid € 616,145 in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 million profit.
Paid out € 4.9 million in dividends to the owners in total.
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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 Participatiemaatschappij Vlaanderen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGIAN TOWER COMPANYThe shares are held by Cordiant Digital Holdings UK Limited (100%) and Participatiemaatschappij Vlaanderen (25%).
Directors
According to the 2026 annual accounts
Hagay Shilo
Director
since 2024 · until 2030
Kevin Moroney
Director
since 2024 · until 2030
Shareholders
Cordiant Digital Holdings UK Limited
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Houtvesterdreef 1
2900 Schoten
Victor Maloustraat 80
1600 Sint-Pieters-Leeuw
Active since 4 March 2009
Frankrijklei 106
2000 Antwerpen
Active since 12 December 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0808.922.491
- VAT number
- BE 0808.922.491
- Registered office
- Houtvesterdreef 1, 2900 Schoten
- Names & denominations
- BELGIAN TOWER COMPANY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 January 2009
- Peppol
- Active · Active since 29 Nov 2022
- Contact
- btcy.be
- Activities · NACE
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