ACTIVE

BTFL Living

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Financial year 2025 · closed on 31/12/2025

Net result

-80,2 k €

-259.9% YoY

Gross margin

-17,1 k €

-115.0% YoY

Equity

149,2 k €

-34.9% YoY

Workforce

0,0 ETP

-100.0% YoY

What does BTFL Living do?

BTFL Living is a Public limited company incorporated in 2003. Its main activity is: Buying and selling of own real estate. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.715.172

Incorporation

05/06/2003

Legal form

Public limited company

Registered office

Sint-Paulusstraat 6
2000 Antwerpen · FlandreSee on map

Contributed capital

105 400,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68321Management of real estate on a fee or contract basis 68321Management of real estate on a fee or contract basis 70120Activities of head offices 68201Rental and operating of own or leased real estate+5

Joint committees (1)

3230

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-17,1 k €	-115%	113,6 k €	-1.4%	115,2 k €	+2.0%	113 k €	-37.5%	180,9 k €	+446%	-52,3 k €	-72.2%	-30,4 k €	-408%	-6 k €	+90.9%	-65,9 k €	-9.3%	-60,3 k €	-872%	7,8 k €	+451%	-2,2 k €	+52.1%	-4,7 k €	-81.3%	-2,6 k €	+96.1%	-66 k €	-137%	178,1 k €	+2623%	-7,1 k €
EBITDA	-72,1 k €	-225%	57,8 k €	-11.4%	65,3 k €	-13.4%	75,3 k €	-58.1%	179,9 k €	+421%	-56,1 k €	-64.5%	-34,1 k €	-254%	-9,6 k €	+86.1%	-69,5 k €	+3.7%	-72,2 k €	-360%	27,8 k €	+1197%	-2,5 k €	+47.6%	-4,8 k €	-75.7%	-2,7 k €	+91.1%	-31 k €	-125%	122,6 k €	+1459%	-9 k €
Operating result	-78,3 k €	-251%	51,9 k €	-13.3%	59,9 k €	-41.7%	102,7 k €	-42.8%	179,5 k €	+420%	-56,1 k €	-64.5%	-34,1 k €	-254%	-9,6 k €	+86.1%	-69,5 k €	+4.7%	-73 k €	-363%	27,8 k €	+1197%	-2,5 k €	+47.6%	-4,8 k €	-75.7%	-2,7 k €	+91.1%	-31 k €	-125%	122,6 k €	+1459%	-9 k €
Net result	-80,2 k €	-260%	50,1 k €	-53.4%	107,6 k €	+10.3%	97,6 k €	-28.6%	136,7 k €	+301%	-68 k €	-5.8%	-64,3 k €	-26.5%	-50,8 k €	+50.3%	-102,2 k €	-76.3%	-58 k €	-275%	33,1 k €	+1115%	2,7 k €	-75.9%	11,3 k €	+1475%	-821,8 €	+96.7%	-25,1 k €	-124%	105 k €	+979%	-11,9 k €
Balance sheet
Equity	149,2 k €	-34.9%	229,4 k €	+28.0%	179,3 k €	+150%	71,6 k €	+376%	-26 k €	-118%	142 k €	-32.4%	210,1 k €	-23.4%	274,3 k €	-15.6%	325,1 k €	-23.9%	427,4 k €	+215%	135,8 k €	+32.3%	102,7 k €	+2.7%	100 k €	+12.7%	88,7 k €	-0.9%	89,5 k €	-21.9%	114,6 k €	+1088%	9,7 k €
Total assets	364,2 k €	+32.3%	275,3 k €	-34.3%	419,1 k €	+77.1%	236,7 k €	+483%	40,6 k €	-99.4%	6,5 M €	+17.2%	5,5 M €	+111%	2,6 M €	+142%	1,1 M €	+14.1%	947 k €	+595%	136,2 k €	+10.8%	123 k €	+2.2%	120,3 k €	-80.7%	624 k €	+2.0%	611,6 k €	+14.7%	533,1 k €	-72.7%	2 M €
Cash	13,8 k €	-82.4%	78,4 k €	-66.5%	234,3 k €	+196%	79,2 k €	+234%	23,7 k €	+636%	3,2 k €	-99.7%	1,1 M €	+266%	299,4 k €	+2803%	10,3 k €	+481%	1,8 k €	+298%	445,8 €	-66.9%	1,3 k €	+36.4%	986,3 €	-21.6%	1,3 k €	+79.2%	702,1 €	-81.2%	3,7 k €	-97.3%	140,5 k €
Debts	192,9 k €	+833%	20,7 k €	-90.2%	211,5 k €	+1175%	16,6 k €	+364%	3,6 k €	-99.9%	6,2 M €	+19.5%	5,2 M €	+132%	2,2 M €	+240%	660,1 k €	+55.4%	424,6 k €	+104727%	405,1 €	+56.1%	259,6 €	-23.1%	337,6 €	-99.9%	515,3 k €	+9.4%	471 k €	+34.5%	350,2 k €	-81.9%	1,9 M €
Other
Workforce	0,0 ETP	-100%	1,1 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

HTL INVESTMENTS

Director · since 01 décembre 2020 · 0475.519.536

Represented by Johannes Ter Laak

Active

Ended mandates

HTL INVESTMENTS

Director · since 01 décembre 2020 · 0475.519.536

Represented by Johannes TER LAAK

Ended

Annemieke Frederique Van Rijn

Director · since 08 mai 2017 · until 08 mai 2023

Ended

Johannes ter Laak

Managing director · since 08 mai 2017 · until 08 mai 2023

Ended

STONES@WORK HOLDINGS

Director · since 08 mai 2017 · until 08 mai 2023 · 0874.484.890

Represented by Johannes ter Laak J

Ended

At this address

Other companies at this address

Company	CBE no.
STONES@WORK HOLDINGS● Active	0874.484.890
STONES@WORK INFINITY● Active	1011.439.289
STONES@WORK INVESTMENTS● Active	0889.822.966
STONES@WORK INVESTMENTS I● Active	0885.917.034
STONES@WORK INVESTMENTS II● Active	0898.763.990
STONES@WORK INVESTMENTS III● Active	0864.236.049
STONES@WORK INVESTMENTS IV● Active	1003.988.008
STONES@WORK INVESTMENTS V● Active	0887.618.492

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	13/07/2026	27/06/2025	01/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	02/05/2023	30/06/2022	02/05/2021
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
Abridged model	31/12/2025	11/05/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	01/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	02/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	31/10/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	18/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	30/05/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	01/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	02/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 1 active · 17 ended

Active mandates

HTL INVESTMENTS

Director · since 01 décembre 2020 · 0475.519.536

Represented by Johannes Ter Laak

Active

Ended mandates

HTL INVESTMENTS

Director · since 01 décembre 2020 · 0475.519.536

Represented by Johannes TER LAAK

Ended

Annemieke Frederique Van Rijn

Director · since 08 mai 2017 · until 08 mai 2023

Ended

Johannes ter Laak

Managing director · since 08 mai 2017 · until 08 mai 2023

Ended

STONES@WORK HOLDINGS

Director · since 08 mai 2017 · until 08 mai 2023 · 0874.484.890

Represented by Johannes ter Laak J

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/12/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other01/07/2022
BENAMING
PDF
Mandates15/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/11/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/07/2013
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/05/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/05/2013
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

2025
Annual accounts 2025-80,2 k €↓
2024
Annual accounts 202450,1 k €↓
2023
Annual accounts 2023107,6 k €↑
2022
Annual accounts 202297,6 k €↓
2022
Name changeBTFL (Beautiful) Living
2021
Annual accounts 2021136,7 k €↑
2021
Name changeBTFL (Beautiful) Living - S@W Manangement
2020
Name changeSTONES@WORK MANAGEMENT
2018
Annual accounts 2018-68 k €↓
2017
Annual accounts 2017-64,3 k €↓
2016
Annual accounts 2016-50,8 k €↑
2015
Annual accounts 2015-102,2 k €↓
2014
Annual accounts 2014-58 k €↓
2012
Annual accounts 201233,1 k €↑
2011
Annual accounts 20112,7 k €↓
2010
Annual accounts 201011,3 k €↑
2009
Annual accounts 2009-821,8 €↑
2008
Annual accounts 2008-25,1 k €↓
2007
Annual accounts 2007105 k €↑
2006
Annual accounts 2006-11,9 k €
2006
Name changeSTONES @ WORK II
05/06/2003
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

BTFL Living

Overview

What does BTFL Living do?

Trend over 17 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