ACTIVE

BT-PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+47.6% YoY

Gross margin

2,5 M €

+23.8% YoY

Equity

7,5 M €

+19.0% YoY

Workforce

2,0 ETP

0.0% YoY

What does BT-PROJECTS do?

BT-PROJECTS is a Private limited company incorporated in 2009. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Lennik. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.077.412

Incorporation

27/08/2009

Legal form

Private limited company

Registered office

Hunselveld 20
1750 Lennik · FlandreSee on map

Contributed capital

14 360,35 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	2,5 M €	+23.8%	2,1 M €	-4.2%	2,1 M €	+4.1%	2,1 M €	+1.2%	2 M €	+10.0%	1,8 M €	+10.7%	1,7 M €	+28.9%	1,3 M €	+4.8%	1,2 M €	+12.1%	1,1 M €	+30.3%	847,3 k €	+48.7%	569,8 k €	+62.6%	350,5 k €	+20.3%	291,3 k €	+75.5%	165,9 k €	+52.0%	109,2 k €
EBITDA	2,4 M €	+56.1%	1,5 M €	-25.2%	2 M €	+2.9%	2 M €	+2.2%	1,9 M €	+9.3%	1,7 M €	+10.1%	1,6 M €	+29.4%	1,2 M €	+4.8%	1,2 M €	+24.2%	944 k €	+30.0%	726,4 k €	+47.0%	494 k €	+46.0%	338,3 k €	+18.2%	286,2 k €	+74.6%	163,9 k €	+57.2%	104,2 k €
Operating result	1,9 M €	+52.1%	1,3 M €	-29.7%	1,8 M €	+9.1%	1,6 M €	+3.0%	1,6 M €	+13.2%	1,4 M €	+31.5%	1,1 M €	+9.5%	975,1 k €	-3.5%	1 M €	+34.3%	752,4 k €	+27.0%	592,6 k €	+832%	-81 k €	-130%	267 k €	+23.6%	216,1 k €	+251%	61,6 k €	+79.2%	34,3 k €
Net result	1,5 M €	+47.6%	988,6 k €	-25.7%	1,3 M €	+14.0%	1,2 M €	+1.4%	1,2 M €	+25.2%	919,6 k €	+45.9%	630,2 k €	+7.3%	587,3 k €	+4.9%	560 k €	+39.8%	400,5 k €	+6.1%	377,3 k €	+347%	-153 k €	-210%	139,2 k €	+36.6%	101,9 k €	+529%	16,2 k €	+59.4%	10,2 k €
Balance sheet
Equity	7,5 M €	+19.0%	6,3 M €	+14.1%	5,5 M €	+26.7%	4,3 M €	-8.8%	4,8 M €	+31.9%	3,6 M €	+34.2%	2,7 M €	+30.6%	2,1 M €	+39.9%	1,5 M €	+61.4%	912 k €	+78.3%	511,5 k €	+281%	134,2 k €	-53.3%	287,2 k €	+95.5%	146,9 k €	+227%	45 k €	+56.3%	28,8 k €
Total assets	11 M €	+2.7%	10,7 M €	+63.8%	6,5 M €	+10.3%	5,9 M €	-32.4%	8,8 M €	+6.7%	8,2 M €	+13.2%	7,3 M €	+36.7%	5,3 M €	+12.9%	4,7 M €	+2.8%	4,6 M €	+13.4%	4 M €	+3.5%	3,9 M €	+117%	1,8 M €	-2.6%	1,8 M €	-5.3%	2 M €	+259%	542,8 k €
Cash	1,4 M €	+379%	292,5 k €	-50.2%	587,8 k €	-48.4%	1,1 M €	-30.4%	1,6 M €	+4.8%	1,6 M €	+37.2%	1,1 M €	+18.5%	959,9 k €	+6.9%	897,6 k €	+42.4%	630,5 k €	+27.1%	496,1 k €	+111%	235,3 k €	+98.7%	118,4 k €	+8.7%	109 k €	+88.6%	57,8 k €	+210%	18,6 k €
Debts	3,5 M €	-20.8%	4,4 M €	+350%	968,3 k €	-36.0%	1,5 M €	-62.2%	4 M €	-13.1%	4,6 M €	+0.9%	4,6 M €	+40.5%	3,2 M €	+0.6%	3,2 M €	-11.8%	3,7 M €	+4.0%	3,5 M €	-6.4%	3,8 M €	+149%	1,5 M €	-11.1%	1,7 M €	-10.8%	1,9 M €	+271%	514,1 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	+81.8%	1,1 ETP	+10.0%	1,0 ETP	-44.4%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP	0.0%	0,7 ETP	-75.0%	2,8 ETP	+21.7%	2,3 ETP	+76.9%	1,3 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Anja Dehandschutter

Director · since 26 août 2009

Active

John Walravens

Director · since 26 août 2009

Active

Ended mandates

ANJA DEHANDSCHUTTER

Director

Ended

ANJA DEHANDSCHUTTER

Administrator - manager

Ended

ANJA DEHANDSCHUTTER

Manager

Ended

JOHN WALRAVENS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
NOVA● Active	0786.336.636

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	11/06/2026	20/05/2025	28/06/2024	30/08/2023	20/07/2022	11/08/2021
General meeting	08/06/2026	06/05/2025	10/06/2024	12/06/2023	15/03/2022	08/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	11/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	20/05/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	15/03/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	11/08/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	08/08/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	01/08/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	01/08/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	30/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 6 ended

Active mandates

Anja Dehandschutter

Director · since 26 août 2009

Active

John Walravens

Director · since 26 août 2009

Active

Ended mandates

ANJA DEHANDSCHUTTER

Director

Ended

ANJA DEHANDSCHUTTER

Administrator - manager

Ended

ANJA DEHANDSCHUTTER

Manager

Ended

JOHN WALRAVENS

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring16/01/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/10/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/07/2022
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring02/05/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office29/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office25/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Other07/09/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251,5 M €↑
2024
Annual accounts 2024988,6 k €↓
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020919,6 k €↑
2019
Annual accounts 2019630,2 k €↑
2018
Annual accounts 2018587,3 k €↑
2017
Annual accounts 2017560 k €↑
2016
Annual accounts 2016400,5 k €↑
2015
Annual accounts 2015377,3 k €↑
2014
Annual accounts 2014-153 k €↓
2013
Annual accounts 2013139,2 k €↑
2012
Annual accounts 2012101,9 k €↑
2011
Annual accounts 201116,2 k €↑
2010
Annual accounts 201010,2 k €
27/08/2009
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

BT-PROJECTS

Overview

What does BT-PROJECTS do?

Trend over 16 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