ACTIVE

Bton

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Financial year 2025 · closed on 31/12/2025

Net result

35,9 k €

-58.9% YoY

Gross margin

79 k €

-55.0% YoY

Equity

373,5 k €

-13.0% YoY

What does Bton do?

Bton is a Private limited company incorporated in 1977. Its main activity is: Agents involved in the sale of machinery, industrial equipment, ships and aircraft. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.899.367

Incorporation

26/02/1977

Legal form

Private limited company

Registered office

Verviersstraat 2 box 6C
2000 Antwerpen · FlandreSee on map

Contributed capital

43 407,99 €

Latest accounts

31/12/2025

Activities (NACE)

46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft· main 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft 51140Passenger air transport

Joint committees (2)

14904
2010

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	79 k €	-55.0%	175,8 k €	-9.2%	193,6 k €	+76.4%	109,8 k €	+28.5%	85,4 k €	+34.5%	63,5 k €	+7.0%	59,3 k €	-52.8%	125,8 k €	+10.9%	113,5 k €	+1770%	-6,8 k €	-123%	29 k €	+306%	-14,1 k €	-119%	72,6 k €	-55.5%	163,3 k €	-17.3%	197,4 k €	+10.4%	178,8 k €	+22.3%	146,2 k €	-26.0%	197,6 k €
EBITDA	77,3 k €	-49.6%	153,3 k €	+7.1%	143,1 k €	+129%	62,5 k €	+52.4%	41 k €	+425%	-12,6 k €	-292%	-3,2 k €	-103%	123,9 k €	+12.1%	110,5 k €	+1270%	-9,4 k €	-135%	26,6 k €	+241%	-18,9 k €	+78.9%	-89,4 k €	-964%	-8,4 k €	-136%	23,2 k €	+15.8%	20 k €	+315%	-9,3 k €	-118%	52,6 k €
Operating result	48,8 k €	-60.8%	124,6 k €	+8.5%	114,8 k €	+175%	41,8 k €	+21.7%	34,3 k €	+182%	-42 k €	-28.1%	-32,8 k €	-133%	98,9 k €	-9.0%	108,7 k €	+1117%	-10,7 k €	-173%	14,5 k €	+147%	-30,7 k €	+79.6%	-150,5 k €	-637%	-20,4 k €	-298%	10,3 k €	-41.2%	17,6 k €	+241%	-12,4 k €	-126%	48,4 k €
Net result	35,9 k €	-58.9%	87,3 k €	+8.2%	80,7 k €	+141%	33,5 k €	+48.2%	22,6 k €	+153%	-42,3 k €	-29.4%	-32,7 k €	-136%	91,2 k €	-16.3%	108,9 k €	+356%	23,9 k €	+77.1%	13,5 k €	+140%	-33,4 k €	+83.5%	-202 k €	-886%	-20,5 k €	-280%	11,4 k €	+28.5%	8,8 k €	+224%	-7,1 k €	-118%	39,3 k €
Balance sheet
Equity	373,5 k €	-13.0%	429,4 k €	+25.5%	342,1 k €	+30.9%	261,4 k €	+14.7%	227,9 k €	+30.1%	175,2 k €	-19.5%	217,5 k €	-13.1%	250,1 k €	+57.3%	159 k €	+218%	50 k €	+91.5%	26,1 k €	+107%	12,6 k €	-72.6%	46 k €	-81.5%	248 k €	-7.6%	268,5 k €	+4.4%	257,1 k €	+3.6%	248,3 k €	-2.8%	255,4 k €
Total assets	442,5 k €	-16.8%	531,7 k €	+9.8%	484,2 k €	+22.1%	396,7 k €	+47.1%	269,6 k €	+12.3%	240,1 k €	-24.5%	318,1 k €	+16.5%	273 k €	+65.5%	164,9 k €	+150%	66,1 k €	+6.7%	62 k €	-32.5%	91,8 k €	-66.3%	272,4 k €	-49.6%	540,8 k €	-1.9%	551,3 k €	+4.2%	529,3 k €	+15.7%	457,4 k €	-34.9%	702,9 k €
Cash	34,4 k €	-68.8%	110,5 k €	-40.3%	185,1 k €	+204%	60,8 k €	+52.5%	39,9 k €	+22.6%	32,5 k €	+43.6%	22,7 k €	-62.7%	60,8 k €	-54.6%	134 k €	+494%	22,6 k €	+407%	4,5 k €	+20.3%	3,7 k €	-89.0%	33,5 k €	+31.0%	25,6 k €	+154%	10,1 k €	-69.3%	32,8 k €	+104%	16,1 k €	+151%	6,4 k €
Debts	69 k €	-32.5%	102,3 k €	-26.1%	138,3 k €	+3.0%	134,3 k €	+222%	41,7 k €	-35.8%	64,9 k €	-35.5%	100,7 k €	+341%	22,8 k €	+285%	5,9 k €	-62.1%	15,6 k €	-55.6%	35,2 k €	-55.6%	79,2 k €	-64.6%	224,1 k €	-22.9%	290,7 k €	+3.4%	281,2 k €	+4.2%	269,8 k €	+29.4%	208,5 k €	-40.6%	350,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		1,6 ETP	-11.1%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Bert Cooreman

Director · since 19 juin 2014

Active

Ended mandates

Bert Cooreman

Manager · since 27 juin 2014

Ended

Bert Cooreman

Manager · since 19 juin 2014

Ended

Bert Cooreman

Manager

Ended

ITABEL

Managing director · until 02 mai 2013 · 0439.047.041

Ended

At this address

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Hotfix● Active	1041.221.160
Relite Consulting● Active	1037.919.893

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/03/2026	25/03/2025	29/03/2024	31/05/2023	05/04/2022	08/04/2021
General meeting	11/03/2026	25/03/2025	15/03/2024	02/05/2023	05/04/2022	07/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/03/2026	20/03/2026	Dutch	PDF
Micro model	31/12/2024	25/03/2025	25/03/2025	Dutch	PDF
Micro model	31/12/2023	15/03/2024	29/03/2024	Dutch	PDF
Micro model	31/12/2022	02/05/2023	31/05/2023	Dutch	PDF
Micro model	31/12/2021	05/04/2022	05/04/2022	Dutch	PDF
Micro model	31/12/2020	07/04/2021	08/04/2021	Dutch	PDF
Micro model	31/12/2019	06/04/2020	07/04/2020	Dutch	PDF
Micro model	31/12/2018	25/02/2019	26/02/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	21/06/2018	Dutch	PDF
Micro model	31/12/2016	13/05/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/04/2015	09/04/2015	Dutch	PDF
Abridged model	31/12/2013	28/04/2014	05/05/2014	Dutch	PDF
Abridged model	31/12/2012	01/05/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	23/05/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Bert Cooreman

Director · since 19 juin 2014

Active

Ended mandates

Bert Cooreman

Manager · since 27 juin 2014

Ended

Bert Cooreman

Manager · since 19 juin 2014

Ended

Bert Cooreman

Manager

Ended

ITABEL

Managing director · until 02 mai 2013 · 0439.047.041

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2014
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office03/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2006
ONTSLAGEN - BENOEMINGEN
PDF
Other22/11/2002
DIVERSEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202535,9 k €↓
2024
Annual accounts 202487,3 k €↑
2023
Annual accounts 202380,7 k €↑
2022
Annual accounts 202233,5 k €↑
2021
Annual accounts 202122,6 k €↑
2018
Annual accounts 2018-42,3 k €↓
2017
Annual accounts 2017-32,7 k €↓
2016
Annual accounts 201691,2 k €↓
2015
Annual accounts 2015108,9 k €↑
2014
Annual accounts 201423,9 k €↑
2013
Annual accounts 201313,5 k €↑
2012
Annual accounts 2012-33,4 k €↑
2011
Annual accounts 2011-202 k €↓
2010
Annual accounts 2010-20,5 k €↓
2009
Annual accounts 200911,4 k €↑
2008
Annual accounts 20088,8 k €↑
2007
Annual accounts 2007-7,1 k €↓
2006
Annual accounts 200639,3 k €
26/02/1977
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Bton

Overview

What does Bton do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline