ACTIVE

BT CONSTRUCT

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Financial year 2025 · closed on 30/06/2025

Net result

6,1 k €

-30.7% YoY

Gross margin

29,7 k €

-17.1% YoY

Equity

214,3 k €

+2.9% YoY

What does BT CONSTRUCT do?

BT CONSTRUCT is a Public limited company incorporated in 1994. Its main activity is: Manufacture of flat glass. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.557.656

Incorporation

12/04/1994

Legal form

Public limited company

Registered office

Alfred Amelotstraat 25
9750 Kruisem · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

23110Manufacture of flat glass· main 23110Manufacture of flat glass 26110Manufacture of electronic components

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	29,7 k €	-17.1%	35,8 k €	+8.4%	33,0 k €	-33.5%	49,7 k €	+25.0%	39,8 k €	-42.6%	69,3 k €	-31.6%	101,3 k €	+90.3%	53,3 k €	-2.6%	54,7 k €	-3.2%	56,5 k €	+2.6%	55,1 k €	+593%	-11,2 k €	-121%	52,8 k €	-52.2%	110,6 k €	-21.4%	140,6 k €	-20.8%	177,5 k €	-8.4%	193,9 k €	-9.0%	213,2 k €	+2.4%	208,3 k €
EBITDA	17,7 k €	-26.3%	24,0 k €	+2.4%	23,5 k €	-22.5%	30,3 k €	+28.8%	23,5 k €	-65.3%	67,8 k €	-30.8%	98,0 k €	+85.8%	52,8 k €	-1.0%	53,3 k €	-2.7%	54,8 k €	+2.0%	53,7 k €	+391%	-18,4 k €	-148%	38,6 k €	-49.5%	76,4 k €	-5.1%	80,5 k €	-19.0%	99,4 k €	+2.7%	96,8 k €	-8.3%	105,5 k €	+2.2%	103,3 k €
Operating result	5,5 k €	-53.1%	11,7 k €	+5.4%	11,1 k €	-44.5%	20,0 k €	+100%	10,0 k €	-81.7%	54,4 k €	-35.8%	84,7 k €	+115%	39,5 k €	-1.4%	40,0 k €	-11.0%	44,9 k €	+2.5%	43,8 k €	+255%	-28,3 k €	-1102%	2,8 k €	+102%	-133,7 k €	-447%	38,6 k €	-25.5%	51,8 k €	+8.9%	47,6 k €	-18.2%	58,1 k €	-3.9%	60,5 k €
Net result	6,1 k €	-30.7%	8,8 k €	+114%	4,1 k €	-70.7%	14,0 k €	+432%	2,6 k €	-88.9%	23,7 k €	-60.2%	59,5 k €	+1966%	-3,2 k €	-109%	35,4 k €	-20.1%	44,4 k €	+8.2%	41,0 k €	-81.9%	226,0 k €	+775%	-33,5 k €	+91.6%	-400,7 k €	-3468%	11,9 k €	+57.9%	7,5 k €	+86.6%	4,0 k €	-75.7%	16,6 k €	+62.2%	10,2 k €
Balance sheet
Equity	214,3 k €	+2.9%	208,2 k €	+4.4%	199,4 k €	+2.1%	195,3 k €	+7.7%	181,3 k €	+1.5%	178,6 k €	-27.1%	244,9 k €	+17.8%	207,9 k €	-1.5%	211,1 k €	+20.2%	175,7 k €	+33.8%	131,4 k €	+45.4%	90,4 k €	+167%	-135,7 k €	-32.8%	-102,2 k €	-134%	298,5 k €	+4.2%	286,6 k €	+2.7%	279,1 k €	+1.5%	275,1 k €	+6.0%	259,4 k €
Total assets	428,9 k €	-4.9%	451,0 k €	-3.7%	468,6 k €	+0.6%	465,7 k €	+3.9%	448,0 k €	+58.3%	283,0 k €	-4.3%	295,6 k €	+24.3%	237,8 k €	-38.6%	387,0 k €	+7.3%	360,7 k €	+0.3%	359,5 k €	+7.4%	334,8 k €	-54.3%	733,1 k €	-20.1%	917,8 k €	-25.8%	1,2 M €	-11.4%	1,4 M €	+7.6%	1,3 M €	-11.8%	1,5 M €	+8.4%	1,4 M €
Cash	–		–		18,6 k €	+827%	2,0 k €	-71.8%	7,1 k €	+549%	1,1 k €	-77.0%	4,8 k €		–		634,2 €	-70.3%	2,1 k €	+1290%	153,7 €	-99.0%	15,2 k €	+2914%	505,6 €	-77.1%	2,2 k €	-32.4%	3,3 k €	-37.3%	5,2 k €	+102%	2,6 k €	+87.3%	1,4 k €	-88.0%	11,4 k €
Debts	214,7 k €	-10.6%	240,2 k €	-10.7%	269,2 k €	+1.6%	264,9 k €	+1.0%	262,4 k €	+226%	80,4 k €	+58.7%	50,6 k €	+69.6%	29,9 k €	-70.5%	101,3 k €	-8.2%	110,4 k €	-28.1%	153,6 k €	-9.6%	169,9 k €	-78.6%	794,2 k €	-15.8%	943,3 k €	+9.8%	859,2 k €	-16.9%	1,0 M €	+7.5%	961,4 k €	-16.9%	1,2 M €	+7.4%	1,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-90.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 7 ended

Active mandates

Ben Thiers

Managing director · since 14 février 2020 · until 14 février 2026

Active

Ended mandates

Ben Thiers

Managing director · since 01 janvier 2014 · until 31 décembre 2019

Ended

Serge Deroo

Director · since 01 janvier 2014 · until 31 décembre 2019

Ended

Ben THIERS

Managing director · since 21 décembre 2007 · until 31 décembre 2013

Ended

BEN THIERS

Managing director · since 21 décembre 2007 · until 21 décembre 2012

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/12/2025	20/12/2024	19/12/2023	23/02/2023	22/02/2022	28/02/2021
General meeting	15/12/2025	16/12/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
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	30/06/2025	15/12/2025	19/12/2025	Dutch	PDF
Micro model	30/06/2024	16/12/2024	20/12/2024	Dutch	PDF
Micro model	30/06/2023	30/11/2023	19/12/2023	Dutch	PDF
Micro model	30/06/2022	30/11/2022	23/02/2023	Dutch	PDF
Micro model	30/06/2021	30/11/2021	22/02/2022	Dutch	PDF
Micro model	30/06/2020	30/11/2020	28/02/2021	Dutch	PDF
Micro model	30/06/2019	30/11/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	26/08/2019	27/08/2019	Dutch	PDF
Micro model	30/06/2017	18/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	17/12/2015	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	17/12/2014	27/03/2015	Dutch	PDF
Abridged model	30/06/2013	17/12/2013	12/02/2015	Dutch	PDF
Abridged model	30/06/2012	17/12/2012	06/03/2013	Dutch	PDF
Abridged model	30/06/2011	19/12/2011	06/03/2013	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	16/02/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	31/01/2010	Dutch	PDF
Abridged model	30/06/2008	31/12/2008	31/12/2009	Dutch	PDF
Abridged model	30/06/2007	31/12/2007	03/09/2008	Dutch	PDF
Abridged model	30/06/2006	31/12/2006	30/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/06/2025 · 1 active · 7 ended

Active mandates

Ben Thiers

Managing director · since 14 février 2020 · until 14 février 2026

Active

Ended mandates

Ben Thiers

Managing director · since 01 janvier 2014 · until 31 décembre 2019

Ended

Serge Deroo

Director · since 01 janvier 2014 · until 31 décembre 2019

Ended

Ben THIERS

Managing director · since 21 décembre 2007 · until 31 décembre 2013

Ended

BEN THIERS

Managing director · since 21 décembre 2007 · until 21 décembre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office12/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares19/03/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/09/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/04/2004
SIEGE SOCIAL
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 20256,1 k €↓
2024
Annual accounts 20248,8 k €↑
2023
Annual accounts 20234,1 k €↓
2022
Annual accounts 202214,0 k €↑
2021
Annual accounts 20212,6 k €↓
2020
Annual accounts 202023,7 k €↓
2019
Annual accounts 201959,5 k €↑
2018
Annual accounts 2018-3,2 k €↓
2017
Annual accounts 201735,4 k €↓
2016
Annual accounts 201644,4 k €↑
2015
Annual accounts 201541,0 k €↓
2014
Annual accounts 2014226,0 k €↑
2013
Annual accounts 2013-33,5 k €↑
2012
Annual accounts 2012-400,7 k €↓
2011
Annual accounts 201111,9 k €↑
2010
Annual accounts 20107,5 k €↑
2009
Annual accounts 20094,0 k €↓
2008
Annual accounts 200816,6 k €↑
2007
Annual accounts 200710,2 k €
12/04/1994
IncorporationPublic 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

BT CONSTRUCT

Overview

What does BT CONSTRUCT do?

Trend over 19 financial years

Indicative valuation

Board of directors

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