ACTIVE

B.R.T.

Financial year 2025 · closed on 30/09/2025
Net result
2,6 M €
+49.9% YoY
Revenue
32,3 M €
-1.8% YoY
Equity
21,1 M €
+1.9% YoY
Workforce
40,6 ETP
+4.9% YoY

What does B.R.T. do?

B.R.T. is a Public limited company incorporated in 2002. Its main activity is: Manufacture of tubes, pipes, hollow profiles and related fittings, of steel. Its registered office is in Maasmechelen. It employs on average 40,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.068.260
Incorporation
24/07/2002
Legal form
Public limited company
Registered office
Rijksweg(M) 555
3630 Maasmechelen · FlandreSee on map
Contributed capital
700 000,00 €
Latest accounts
30/09/2025
Average workforce
40,6 ETP
Joint committees (4)
  • 111
  • 1110
  • 209
  • 2090
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092007
Income statement
Revenue32,3 M €32,9 M €31,8 M €45,5 M €38,4 M €28,3 M €30,2 M €30,8 M €25,5 M €22,9 M €18,1 M €14,6 M €11,6 M €10,6 M €11 M €9,8 M €7,8 M €10,3 M €
EBITDA4,3 M €3,4 M €4,2 M €7,1 M €11,1 M €6,2 M €4 M €4,6 M €6 M €3,9 M €2,1 M €1,2 M €871,1 k €771,8 k €1,1 M €1,3 M €1,2 M €1,1 M €
Operating result3,7 M €2,1 M €2 M €6,1 M €10,3 M €5,1 M €2,4 M €4 M €5,4 M €3,4 M €1,7 M €717,5 k €327,2 k €205,4 k €528,7 k €770,2 k €654,4 k €663,7 k €
Net result2,6 M €1,7 M €1,8 M €4,8 M €8 M €3,8 M €1,7 M €3,9 M €5,2 M €2,3 M €1,1 M €439,6 k €127 k €25,3 k €235,7 k €411,1 k €254,4 k €271,6 k €
Balance sheet
Equity21,1 M €20,7 M €21,5 M €22,2 M €18,9 M €14,7 M €13,4 M €13,9 M €10 M €4,9 M €3,3 M €2,5 M €2,3 M €2,2 M €2,2 M €2 M €1,6 M €1 M €
Total assets24 M €24,7 M €26,1 M €28,7 M €26,5 M €19,9 M €20,7 M €20,7 M €18,5 M €12,9 M €10,8 M €10,1 M €9,1 M €7,9 M €8,9 M €7,5 M €6,5 M €10,1 M €
Cash618,1 k €822,2 k €1,1 M €1,1 M €3,3 M €501,7 k €686,8 k €1,1 M €509,2 k €978,5 k €911,3 k €108,4 k €424,4 k €25,6 k €79 k €110,8 k €12,5 k €394,5 k €
Debts2,7 M €3,6 M €4,5 M €6,4 M €7,6 M €5,2 M €7,2 M €6,8 M €8,4 M €8 M €7,5 M €7,5 M €6,8 M €5,5 M €6,7 M €5,5 M €4,9 M €9,1 M €
Other
Workforce40,6 ETP38,7 ETP39,4 ETP42,8 ETP40,4 ETP40,6 ETP44,2 ETP43,3 ETP38,4 ETP36,1 ETP29,1 ETP22,0 ETP21,5 ETP24,6 ETP19,5 ETP19,7 ETP18,7 ETP19,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 47 ended

Active mandates

El Golfo

Director · since 05 février 2025 · until 05 février 2031 · 0688.560.141

Represented by Talpe Tony

Active
Marc Lemahieu

Director · since 05 février 2025 · until 05 février 2031

Active
TELESCO

Director · since 05 février 2025 · until 05 février 2031 · 0896.148.356

Represented by Talpe Stefaan

Active
Tumbaoo

Director · since 05 février 2025 · until 05 février 2031 · 0688.560.240

Represented by Talpe Stefan

Active

Ended mandates

El Golfo

Director · since 27 décembre 2019 · until 04 février 2026 · 0688.560.141

Represented by Talpe TONY

Ended
Marc Lemahieu

Director · since 27 décembre 2019 · until 04 février 2026

Ended
TELESCO

Director · since 27 décembre 2019 · until 04 février 2026 · 0896.148.356

Represented by Talpe STEFAAN

Ended
Tumbaoo

Director · since 27 décembre 2019 · until 04 février 2026 · 0688.560.240

Represented by Talpe STEFAN

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/03/202616/12/202518/04/202418/04/202418/04/202424/11/2021
General meeting04/02/202605/02/202507/02/202401/02/202302/02/202203/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202504/02/202631/03/2026DutchPDF
Full modelCorrection30/09/202405/02/202516/12/2025DutchPDF
Full model30/09/202405/02/202516/04/2025DutchPDF
Full model30/09/202307/02/202418/04/2024DutchPDF
Full model30/09/202201/02/202318/04/2024DutchPDF
Full model30/09/202102/02/202218/04/2024DutchPDF
Full model30/09/202003/02/202124/11/2021DutchPDF
Full model30/09/201905/02/202025/10/2021DutchPDF
Full model30/09/201820/02/201925/10/2021DutchPDF
Full model30/09/201720/03/201805/07/2021DutchPDF
Full model30/09/201630/03/201724/01/2020DutchPDF
Full model30/09/201511/04/201612/04/2018DutchPDF
Full model30/09/201431/03/201531/03/2015DutchPDF
Full model30/09/201331/03/201407/04/2014DutchPDF
Full model30/09/201231/03/201330/04/2013DutchPDF
Full model30/09/201129/02/201227/03/2012DutchPDF
Full model30/09/201023/02/201118/03/2011DutchPDF
Full model30/09/200902/03/201030/03/2010DutchPDF
Full modelCorrection30/09/200830/03/200902/07/2009DutchPDF
Full model30/09/200830/03/200930/04/2009DutchPDF
Full model31/07/200705/12/200702/01/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/09/2025 · 4 active · 47 ended

Active mandates

El Golfo

Director · since 05 février 2025 · until 05 février 2031 · 0688.560.141

Represented by Talpe Tony

Active
Marc Lemahieu

Director · since 05 février 2025 · until 05 février 2031

Active
TELESCO

Director · since 05 février 2025 · until 05 février 2031 · 0896.148.356

Represented by Talpe Stefaan

Active
Tumbaoo

Director · since 05 février 2025 · until 05 février 2031 · 0688.560.240

Represented by Talpe Stefan

Active

Ended mandates

El Golfo

Director · since 27 décembre 2019 · until 04 février 2026 · 0688.560.141

Represented by Talpe TONY

Ended
Marc Lemahieu

Director · since 27 décembre 2019 · until 04 février 2026

Ended
TELESCO

Director · since 27 décembre 2019 · until 04 février 2026 · 0896.148.356

Represented by Talpe STEFAAN

Ended
Tumbaoo

Director · since 27 décembre 2019 · until 04 février 2026 · 0688.560.240

Represented by Talpe STEFAN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/07/2017
    DOEL
    PDF
  • Mandates05/08/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/09/2014
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 20252,6 M €↑
  2. 2024
    Annual accounts 20241,7 M €↓
  3. 2023
    Annual accounts 20231,8 M €↓
  4. 2022
    Annual accounts 20224,8 M €↓
  5. 2021
    Annual accounts 20218 M €↑
  6. 2020
    Annual accounts 20203,8 M €↑
  7. 2019
    Annual accounts 20191,7 M €↓
  8. 2018
    Annual accounts 20183,9 M €↓
  9. 2017
    Annual accounts 20175,2 M €↑
  10. 2016
    Annual accounts 20162,3 M €↑
  11. 2015
    Annual accounts 20151,1 M €↑
  12. 2014
    Annual accounts 2014439,6 k €↑
  13. 2013
    Annual accounts 2013127 k €↑
  14. 2012
    Annual accounts 201225,3 k €↓
  15. 2011
    Annual accounts 2011235,7 k €↓
  16. 2010
    Annual accounts 2010411,1 k €↑
  17. 2009
    Annual accounts 2009254,4 k €↓
  18. 2007
    Annual accounts 2007271,6 k €
  19. 24/07/2002
    IncorporationPublic limited company