ACTIVE

Billtrust Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result611,9 k €-48,0 %over 1 year
Revenue5,6 M €
Equity-1,3 M €+32,0 %over 1 year
Workforce22,1 ETP-19,9 %over 1 year

Identity

Source · BCE/KBO

Billtrust Belgium is a Private limited company incorporated in 2007. Its main activity is: Other software publishing. Its registered office is in Gent. It employs on average 22,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0893.502.434
Incorporation
15/11/2007
Legal form
Private limited company
Registered office
Gaston Crommenlaan 8
9050 Gent · FlandreSee on map
Contributed capital
156 600,00 €
Latest accounts
31/12/2025
Average workforce
22,1 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue5,6 M €––––
EBITDA1,1 M €1,5 M €563,9 k €-1,1 M €-2,4 M €
Operating result673,5 k €1,2 M €506 k €-1,2 M €-2,4 M €
Net result611,9 k €1,2 M €505,6 k €-1,2 M €-2,4 M €
Balance sheet
Equity-1,3 M €-1,9 M €-2,4 M €-2,9 M €-1,7 M €
Total assets4,7 M €5,8 M €4,6 M €2,9 M €2,8 M €
Cash426,5 k €1,8 M €121,6 k €639,3 k €345,9 k €
Debts3,6 M €5,4 M €5,3 M €4,1 M €1,6 M €
Other
Workforce22,1 ETP27,6 ETP37,4 ETP37,4 ETP28,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 17 ended

Active mandates

BTRS Holdings Europe

Director · 0775.445.021

Represented by Steve Pinado

Active

Ended mandates

Marco Eeman

Director · since 25 juillet 2022 · until 25 juillet 2025

Ended
BTRS Holdings Europe

Director · since 07 octobre 2021 · 0775.445.021

Represented by Pinado Steve

Ended
A2 Invest

Manager · since 27 avril 2011 · 0825.215.919

Ended
LB30

Manager · since 27 avril 2011 · 0833.411.825

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date07/09/202607/09/202630/09/202530/09/202527/10/202210/08/2021
General meeting07/09/202607/09/202631/08/202531/08/202514/10/202231/07/2021
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202507/09/202607/09/2026DutchPDF
Abridged model31/12/202407/09/202607/09/2026DutchPDF
Abridged model31/12/202331/08/202530/09/2025DutchPDF
Abridged model31/12/202231/08/202530/09/2025DutchPDF
Abridged model31/12/202114/10/202227/10/2022DutchPDF
Abridged model31/12/202031/07/202110/08/2021DutchPDF
Abridged model31/12/201930/06/202022/07/2020DutchPDF
Abridged modelCorrection31/12/201830/06/202022/07/2020DutchPDF
Abridged model31/12/201826/08/201928/08/2019DutchPDF
Abridged model31/12/201716/07/201820/07/2018DutchPDF
Abridged model31/12/201630/06/201725/07/2017DutchPDF
Abridged model31/12/201525/08/201631/08/2016DutchPDF
Abridged model31/12/201431/08/201531/08/2015DutchPDF
Abridged model31/12/201331/07/201431/07/2014DutchPDF
Abridged model31/12/201230/08/201330/08/2013DutchPDF
Abridged model31/12/201104/06/201207/06/2012DutchPDF
Abridged model31/12/201015/06/201111/07/2011DutchPDF
Abridged model31/12/200928/05/201026/08/2010DutchPDF
Abridged model31/12/200829/05/200910/06/2009DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 17 ended

Active mandates

BTRS Holdings Europe

Director · 0775.445.021

Represented by Steve Pinado

Active

Ended mandates

Marco Eeman

Director · since 25 juillet 2022 · until 25 juillet 2025

Ended
BTRS Holdings Europe

Director · since 07 octobre 2021 · 0775.445.021

Represented by Pinado Steve

Ended
A2 Invest

Manager · since 27 avril 2011 · 0825.215.919

Ended
LB30

Manager · since 27 avril 2011 · 0833.411.825

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office14/04/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
    PDF
  • Mandates16/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/06/2023
    ONTSLAGEN - BENOEMINGEN
    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 2025611,9 k €↓
  2. 2024
    Annual accounts 20241,2 M €↑
  3. 2024
    Name changeBilltrust Belgium
  4. 2023
    Annual accounts 2023505,6 k €↑
  5. 2022
    Annual accounts 2022-1,2 M €↑
  6. 2021
    Annual accounts 2021-2,4 M €↓
  7. 2021
    Name changeIcontroller
  8. 2019
    Annual accounts 2019265,2 k €↑
  9. 2018
    Annual accounts 201843,2 k €↑
  10. 2017
    Annual accounts 201721,1 k €↓
  11. 2016
    Annual accounts 201622,5 k €↑
  12. 2015
    Annual accounts 201518,5 k €↑
  13. 2014
    Annual accounts 20145,9 k €↑
  14. 2013
    Annual accounts 2013-11,9 k €↓
  15. 2012
    Annual accounts 2012-4 k €↓
  16. 2011
    Annual accounts 201137,5 k €↑
  17. 2010
    Annual accounts 20102,2 k €↑
  18. 2009
    Annual accounts 200944,5 €↓
  19. 2008
    Annual accounts 2008319,6 €
  20. 15/11/2007
    IncorporationPrivate limited company