ACTIVE

BTM - FORTALIS

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Financial year 2025 · Closed on 31/12/2025

Net result72,5 k €-16,0 %over 1 year
Gross margin695,1 k €+5,8 %over 1 year
Equity708,5 k €+8,0 %over 1 year

Identity

Source · BCE/KBO

BTM - FORTALIS is a Private limited company incorporated in 1986. Its main activity is: Specialised construction activities. Its registered office is in Huy.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.912.710
Incorporation
01/09/1986
Legal form
Private limited company
Registered office
Grand-Route 63 box 2
4500 Huy · WallonieSee on map
Contributed capital
18 592,01 €
Latest accounts
31/12/2025
Joint committees (3)
  • 124
  • 1242
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin695,1 k €656,8 k €416,4 k €544,7 k €444,1 k €
EBITDA253 k €265 k €166,1 k €306,1 k €149,4 k €
Operating result146,2 k €160,9 k €90,6 k €251 k €92,7 k €
Net result72,5 k €86,3 k €47,9 k €164,2 k €38,1 k €
Balance sheet
Equity708,5 k €656 k €630,5 k €602,6 k €503,1 k €
Total assets1,6 M €1,6 M €1,5 M €1,5 M €1,2 M €
Cash215 k €191,2 k €152,2 k €247,9 k €196 k €
Debts834,7 k €922,3 k €851,8 k €856,2 k €676,7 k €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Alexandra SIPLET

Director

Active
Marie-Françoise LIMAGE

Director

Active
MORGANE SIPLET

Director

Active

Ended mandates

ALEXANDRA SIPLET

Manager · since 24 avril 2019

Ended
Morgane SIPLET

Manager · since 29 janvier 2018

Ended
Alexandra SIPLET

Manager · since 24 octobre 2013

Ended
ALEXANDRA SIPLET

Manager

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months9 months
Filing date09/06/202602/07/202530/07/202431/07/202327/07/202230/08/2021
General meeting27/04/202616/06/202517/06/202419/06/202320/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/04/202609/06/2026FrenchPDF
Micro model31/12/202416/06/202502/07/2025FrenchPDF
Micro model31/12/202317/06/202430/07/2024FrenchPDF
Micro model31/12/202219/06/202331/07/2023FrenchPDF
Micro model31/12/202120/06/202227/07/2022FrenchPDF
Micro model31/12/202015/06/202130/08/2021FrenchPDF
Micro model31/03/202019/07/202027/11/2020FrenchPDF
Abridged model31/03/201930/09/201910/10/2019FrenchPDF
Abridged model31/03/201811/09/201828/09/2018FrenchPDF
Abridged model31/03/201705/08/201729/09/2017FrenchPDF
Abridged model31/03/201606/08/201607/11/2016FrenchPDF
Abridged model31/03/201501/08/201505/10/2015FrenchPDF
Abridged model31/03/201402/08/201429/09/2014FrenchPDF
Abridged model31/03/201303/08/201325/10/2013FrenchPDF
Abridged model31/03/201204/08/201206/11/2012FrenchPDF
Abridged model31/03/201106/08/201114/12/2011FrenchPDF
Abridged model31/03/201007/08/201024/11/2010FrenchPDF
Abridged model31/03/200901/08/200906/10/2009FrenchPDF
Abridged model31/03/200802/08/200817/12/2008FrenchPDF
Abridged model31/03/200704/08/200730/11/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Alexandra SIPLET

Director

Active
Marie-Françoise LIMAGE

Director

Active
MORGANE SIPLET

Director

Active

Ended mandates

ALEXANDRA SIPLET

Manager · since 24 avril 2019

Ended
Morgane SIPLET

Manager · since 29 janvier 2018

Ended
Alexandra SIPLET

Manager · since 24 octobre 2013

Ended
ALEXANDRA SIPLET

Manager

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates29/07/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other24/12/2020
    OBJET - ASSEMBLEE GENERALE
    PDF
  • Mandates14/07/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/06/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
    PDF
  • Mandates11/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/05/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/12/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/03/2018
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202572,5 k €↓
  2. 2024
    Annual accounts 202486,3 k €↑
  3. 2023
    Annual accounts 202347,9 k €↓
  4. 2022
    Annual accounts 2022164,2 k €↑
  5. 2021
    Annual accounts 202138,1 k €↓
  6. 2019
    Annual accounts 201943,3 k €↑
  7. 2018
    Annual accounts 201833,8 k €↓
  8. 2017
    Annual accounts 2017119,8 k €↑
  9. 2016
    Annual accounts 201651,6 k €↓
  10. 2015
    Annual accounts 201565,5 k €↑
  11. 2014
    Annual accounts 201441,8 k €↑
  12. 2013
    Annual accounts 201322,5 k €↓
  13. 2012
    Annual accounts 201223 k €↓
  14. 2011
    Annual accounts 201127,4 k €↑
  15. 2010
    Annual accounts 201020,7 k €↑
  16. 2009
    Annual accounts 2009-463 €↓
  17. 2008
    Annual accounts 200813,4 k €↑
  18. 2007
    Annual accounts 2007-2,6 k €
  19. 01/09/1986
    IncorporationPrivate limited company