BTHINK
ActiveSummary
BTHINK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €21k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-8
Solvency53▼-19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 2.27 in 2024; short-term debt: 51.4% and cash: 0.5% of total assets), and 71.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.1%
Return on assets
3.1%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
92 d late
2022
2 d early
2021
257 d late
2020
4 d early
2019
189 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▼ 45.1%
2024 · €341k
2018: €157k
2019: €193k
2020: €224k
2021: €254k
2022: €304k
2023: €336k
2024: €341k
2018 → 2025
Total assets
€667k▼ 8.6%
2024 · €730k
2018: €536k
2019: €553k
2020: €566k
2021: €557k
2022: €612k
2023: €663k
2024: €730k
2018 → 2025
Net result
€21k▼ 71.7%
2024 · €72k
2018: €23k
2019: €36k
2020: €31k
2021: €31k
2022: €87k
2023: €55k
2024: €72k
2018 → 2025
Working capital
€141k▼ 52.9%
2024 · €300k
2018: €100k
2019: €138k
2020: €167k
2021: €207k
2022: €265k
2023: €301k
2024: €300k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€304k▲ 19.4%€336k▲ 10.5%€341k▲ 1.6%€187k▼ 45.1%
Operating result€56k-€127k▲ 127%€90k▼ 28.6%€101k▲ 11.5%€86k▼ 14.7%
Net result€31k-€87k▲ 184%€55k▼ 37.2%€72k▲ 32.4%€21k▼ 71.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €667k
Fixed assets
€183k ▼ 6.3%
Current assets
€484k ▼ 9.5%
Equity and liabilities €667k
Equity
€187k ▼ 45.1%
Debt
€480k ▲ 23.3%
Debt's share of the balance-sheet total rises from 53.3% to 71.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€116k▼
2024 · €125k
Cash flow
€50k▼
2024 · €97k
Current ratio
1.41▼
2024 · 2.27
Debt to equity
2.56▲
2024 · 1.14
ROE
10.9%▼
2024 · 21.2%
ROA
3.1%▼
2024 · 9.9%
Interest coverage
6.45▼
2024 · 13.24
Debt ≤ 1 year
€343k▲
2024 · €235k
Debt > 1 year
€135k▼
2024 · €152k
Income taxes
€61k▲
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€730k€667k▼
Fixed assets21/28€195k€183k▼
Tangible fixed assets22/27€195k€183k▼
Land and buildings22€179k€158k▼
Plant, machinery and equipment23€8k€18k▲
Furniture and vehicles24€8k€6k▼
Current assets29/58€535k€484k▼
Amounts receivable after more than one year29€275k€275k=
Other amounts receivable291€275k€275k=
Amounts receivable within one year40/41€177k€204k▲
Trade receivables40€117k€115k▼
Other amounts receivable41€60k€89k▲
Cash at bank and in hand54/58€83k€4k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€730k€667k▼
Equity10/15€341k€187k▼
Contributions10/11€6k€6k=
Reserves13€278k€150k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€276k€148k▼
Profit (loss) carried forward14€57k€32k▼
Amounts payable17/49€389k€480k▲
Amounts payable after more than one year17€152k€135k▼
Financial debts170/4€152k€135k▼
Amounts payable within one year42/48€235k€343k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43-€916
Credit institutions430/8-€916
Trade debts44€54k€76k▲
Suppliers440/4€54k€76k▲
Taxes, remuneration and social security45€97k€75k▼
Taxes450/3€97k€75k▼
Other amounts payable47/48€67k€174k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€30k▲
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A€8k-
Gross operating margin9900€141k€125k▼
Operating profit (loss)9901€101k€86k▼
Financial income75/76B€7k€13k▲
Recurring financial income75€7k€13k▲
Financial charges65/66B€9k€18k▲
Recurring financial charges65€9k€18k▲
Profit (loss) for the period before taxes9903€99k€82k▼
Income taxes67/77€26k€61k▲
Profit (loss) for the period9904€72k€21k▼
Profit (loss) for the period to be appropriated9905€72k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€161k€77k▼
Profit (loss) brought forward from the previous period14P€88k€57k▼
Transfer from equity791/2€36k€149k▲
Transfer to equity691/2€72k€21k▼
To other reserves6921€72k€21k▼
Profit to be distributed694/7€67k€174k▲
Return on contributions (dividend)694€36k€149k▲
Directors or managers695€31k€25k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €21k ▼71.7%
Net result drops to €21k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 257 days late
2022
30-09
Financial
Highest result since 2018net €87k ▲184%
Operating result €127k, net result €87k, both a record.
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 189 days late
30-09
Financial
Equity above €200kEq €224k ▲16.3%
3 profitable years in a row build equity to €224k.
2019
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 248 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Londerzeel · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rossemstraat 351840 LonderzeelGround area
513 m²
Building footprint
126 m²
Volume, LiDAR
889 m³
Parcel 23080B0319/00L000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BTHINK
since 20112.195.160.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23080B0319/00L000 | Flanders | 513 m² | 1 · 126 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
give IT
BE 0839.878.359
Hove · Eq €187,451
SILICON PANDA
BE 0717.748.728
Oudenaarde · Eq €187,387
Techie
BE 0728.700.919
Duffel · Eq €187,356
RMKH CONSULTING
BE 0826.639.146
Sint-Pieters-Woluwe · Eq €187,323
SIOPCO
BE 0771.640.641
Dessel · Eq €187,281
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 14,890 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-01-2011
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.