BTS JEWELS
ActiveSummary
BTS JEWELS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €3k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+13
Solvency91▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.6 in 2024; short-term debt: 24.9% and cash: 10.5% of total assets), and 34.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
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
65.7%
Return on assets
0.8%
Age of the figures
12 mo
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 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
68 d early
2023
1 d early
2022
131 d early
2021
130 d early
2020
on the day
2019
14 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
€215k▲ 1.2%
2024 · €212k
2018: €85k
2019: €117k
2020: €131k
2021: €151k
2022: €244k
2023: €274k
2024: €212k
2018 → 2025
Total assets
€327k▼ 13.3%
2024 · €377k
2018: €124k
2019: €148k
2020: €323k
2021: €282k
2022: €469k
2023: €497k
2024: €377k
2018 → 2025
Net result
€3k
2024 · €-16k
2018: €30k
2019: €32k
2020: €15k
2021: €33k
2022: €92k
2023: €30k
2024: €-16k
2018 → 2025
Working capital
€43k▼ 24.8%
2024 · €57k
2018: €74k
2019: €101k
2020: €100k
2021: €124k
2022: €128k
2023: €129k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€244k▲ 61.0%€274k▲ 12.3%€212k▼ 22.5%€215k▲ 1.2%
Operating result€43k-€123k▲ 184%€49k▼ 60.6%€-10k€8k
Net result€33k-€92k▲ 179%€30k▼ 67.5%€-16k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8k after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €327k
Fixed assets
€202k ▼ 9.4%
Current assets
€125k ▼ 19.1%
Equity and liabilities €327k
Equity
€215k ▲ 1.2%
Debt
€112k ▼ 32.1%
Debt's share of the balance-sheet total falls from 43.7% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €28k
Cash flow
€25k▲
2024 · €22k
Current ratio
1.53▼
2024 · 1.60
Quick ratio
1.19▼
2024 · 1.30
Debt to equity
0.52▼
2024 · 0.78
ROE
1.2%▲
2024 · -7.7%
ROA
0.8%▲
2024 · -4.3%
Interest coverage
5.72▲
2024 · 4.90
Debt ≤ 1 year
€81k▼
2024 · €96k
Debt > 1 year
€31k▼
2024 · €68k
Income taxes
€249▼
2024 · €267
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€377k€327k▼
Fixed assets21/28€223k€202k▼
Intangible fixed assets21€16k€10k▼
Tangible fixed assets22/27€207k€192k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€111k€104k▼
Furniture and vehicles24€7k€4k▼
Leasing and similar rights25€88k€83k▼
Current assets29/58€154k€125k▼
Stocks and contracts in progress3€28k€27k▼
Stocks30/36€28k€27k▼
Amounts receivable within one year40/41€51k€60k▲
Trade receivables40€28k€21k▼
Other amounts receivable41€23k€39k▲
Cash at bank and in hand54/58€72k€34k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€377k€327k▼
Equity10/15€212k€215k▲
Contributions10/11€21k€21k=
Reserves13€207k€207k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€195k€195k=
Profit (loss) carried forward14€-16k€-14k▲
Amounts payable17/49€165k€112k▼
Amounts payable after more than one year17€68k€31k▼
Financial debts170/4€68k€31k▼
Amounts payable within one year42/48€96k€81k▼
Current portion of amounts payable after more than one year42€47k€46k▼
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€30k€18k▼
Accrued charges and deferred income492/3€291€0▼
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€22k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€30k€31k▲
Operating profit (loss)9901€-10k€8k▲
Financial income75/76B€131€183▲
Recurring financial income75€131€183▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-16k€3k▲
Income taxes67/77€267€249▼
Profit (loss) for the period9904€-16k€3k▲
Profit (loss) for the period to be appropriated9905€-16k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-14k▲
Profit (loss) brought forward from the previous period14P-€-16k
Transfer from equity791/2€45k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€45k€0▼
Return on contributions (dividend)694€45k€0▼
The notes to these accounts (10 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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-16k ▼154%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial
Highest result since 2018net €92k ▲179%
Operating result €123k, net result €92k, both a record.
30-09
Financial
Equity above €200kEq €244k ▲61%
5 profitable years in a row build equity to €244k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-09
Financial
Equity above €150kEq €151k ▲15.3%
4 profitable years in a row build equity to €151k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Show earlier events
2019
30-09
Financial
Equity above €100kEq €117k ▲37.5%
2 profitable years in a row build equity to €117k.
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 45 days late
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2001
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.
Doornikserijksweg(Bel) 38510 KortrijkGround area
947 m²
Building footprint
371 m²
Volume, LiDAR
2,204 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avelgemstraat(Z) 59, 8550 Zwevegem
since 20012.098.244.513
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042B0203/00M002 | Flanders | 586 m² | 1 · 180 m² | 10.4 m · 2 fl. |
| 34005A0146/00T000 | Flanders | 361 m² | 1 · 191 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
GOLDIN
BE 0451.714.647
Liège · Eq €212k
L & V
BE 0448.928.965
Brussel · Eq €221k
PASCAL DOULIERE GRAVEUR
BE 0478.406.176
Braine-l'Alleud · Eq €208k
ETABLISSEMENT CHARLES VERHAEST
BE 0405.816.326
Kortrijk · Eq €206k
ANNE ZELLIEN
BE 0877.123.290
Antwerpen · Eq €205k
Of 1,529 companies in sector 32123 we hold annual accounts for 225. 156 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
Founded25-05-2001
Fiscal year end30-09
Activities, NACEBEL 2025
32123Manufacture of jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.