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BTT

Active
Public limited companyfounded 1986active for 39 yearsIndustriellaan(Kom) 3, 7780 Comines-Warneton, BelgiumKBO/BCE: BE 0429.666.943
Summary

BTT has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.6m and a net result of €2.5m. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 66% of 191 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Manufacture of textiles
NACE 13910Manufacture of textiles NACE 13960
Largest employer in Hainaut, Textiles sector1 site
Size
€27.5mturnover 2025
Staff
197.6 FTE
Equity
€13.6m
Profit
€2.5m
Equity +162%: capital increase
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
SteelCo GmbH
  • RCP Management GmbHDirector · permanent representative Michael Nier
Auditor: KPMG Réviseurs d'Entreprises SCRLAccounts 28 days early
Why 97lowers riskProfit of €2.5m (financial year 2025)Size: turnover €27.5m, 197.6 FTE, total assets €20.4mFounded in 1986Equity €13.6m (66.7% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 73% of its sector peers (NACE 13, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 92+41
equity 66.7% of total assets
Liquidity 52+35
short-term debt 24.4% · cash 9.0%
Profitability 84+84
return on assets 12.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (55 companies, NACE 13, medium-sized)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.5%▼ -0.1 percentage points vs 01-2025 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.7%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026highest value 07-2026: 0.7%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.7 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,300,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.59, compared with 1.17 in 2024; short-term debt: 24.4% and cash: 9% of total assets), and 33.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 13, medium-sized): better than 71% on solvency, 75% on liquidity, 91% on profitability and 57% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Profit of €2.5m (financial year 2025)
NBB · annual accounts
lowers risk · Size: turnover €27.5m, 197.6 FTE, total assets €20.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1986
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €13.6m (66.7% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
94 days early
2023
48 days early
2022
53 days early
2021
52 days early
2020
53 days early
2019
42 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 53 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: KPMG Réviseurs d'Entreprises SCRL (statutory…Permanent representative: Tim Vermeiren
  3. Capital & shares · Amendment of…Capital decrease · Reserve release…

Key points

  • Positive: Equity rose in 2025capital increase ▲ 162% View
  • Positive: Largest employer in Hainaut, Textiles sectorin the Checked rankings No. 1 View
  • Caution: Board changedlatest change 01-03-2026 · 1 in office 1 joined · 2 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by SteelCo GmbH parent View

By topic

Financials

Financial year
2025
Turnover
€27.5m
Profit
€2.5m
Solvency
66.7%
Turnover▼ 11.0%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
SteelCo GmbH
Auditor
KPMG Réviseurs d'Entreprises SCRL
  • RCP Management GmbHDirector
Go to Board & ownership

Timeline

Events
75
Since
1988
Next accounts
by 31-07-2027
  1. 20-03-2026Permanent representative: MarkSoltys
  2. 31-12-2025Back to profit
  3. 31-12-2025Liquidity more than doubled
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13910
Founded
24-10-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“La fabrication, le négoce en gros et en détail, l’exportation et l’importation, la…” (deed in French)
Go to Articles of association

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