ACTIVE

BA BTS

Financial year 2025 · Closed on 31/12/2025

Net result223,6 k €+27,0 %over 1 year

Gross margin796,8 k €

Equity1,5 M €+5,2 %over 1 year

Identity

Source · BCE/KBO

BA BTS is a Public limited company incorporated in 2008. Its main activity is: Travel agency activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0898.284.039
Incorporation: 22/05/2008
Legal form: Public limited company
Registered office: Avenue de Tervueren 412 box 15bis
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital: 992 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

79110Travel agency activities· main 79110Travel agency activities

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	796,8 k €		–		–		–		–
EBITDA	281,3 k €	-12.2%	320,4 k €	+116%	148,1 k €	-62.4%	393,3 k €	+280%	103,4 k €
Operating result	281,3 k €	-12.2%	320,4 k €	+117%	147,6 k €	-73.9%	565,9 k €	+353%	124,9 k €
Net result	223,6 k €	+27.0%	176,1 k €	+216%	55,7 k €	-85.5%	384,4 k €	+266%	105,1 k €
Balance sheet
Equity	1,5 M €	+5.2%	1,4 M €	+14.2%	1,2 M €	+4.7%	1,2 M €	+47.8%	804,2 k €
Total assets	3,8 M €	-18.2%	4,6 M €	+49.2%	3,1 M €	+33.0%	2,3 M €	-19.0%	2,9 M €
Cash	2,1 M €	+7.9%	2 M €	-0.9%	2 M €	+50.5%	1,3 M €	+13.4%	1,2 M €
Debts	2,3 M €	-28.3%	3,2 M €	+73.9%	1,8 M €	+64.3%	1,1 M €	-40.7%	1,9 M €
Other
Workforce	–		7,6 ETP	+68.9%	4,5 ETP	+181%	1,6 ETP	+23.1%	1,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander CREYF	Directorsince 30/06/2025
Nicholas CREYF	Directorsince 30/06/2025
ANTWERP ADVANCED BUSINESS TRAVEL SERVICES0475.653.257Represented by GRIGOLI INGRID	Directorsince 16/11/2022Managing director04/06/2013 → 2014 accountsendedChairman of the board of directors22/05/2008 → 2013 accountsended
I.Q. TESTING & TRAINING0472.467.697Represented by Kenneth CREYF	Managing directorsince 04/06/2019Director01/04/2017 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ingrid GRIGOLI	Director02/06/2015 → 2021 accounts
BLUE TIME0476.928.115Represented by Patrick CULOT	Director04/06/2013 → 2014 accounts

Other companies at this address

Avenue de Tervueren 412 1150 Woluwe-Saint-Pierre

Company	CBE no.
ABCJ● Active	0805.098.317
AdminSolutions● Active	0564.909.192
Advokatenassociatie Claes, Lehmann en Milde● Active	0543.925.520
AIR SERVICES EDRIA● Active	0650.896.130
AKANTHA● Active	0642.540.965
ALTAI INVEST● Active	0466.614.441
Ambassade de Malaisie● Active	0933.389.923
ATALAW-CABINET D'AVOCATS DAMIEN JANS● Active	0826.094.065
BAILLEUX & CAUSIN● Liquidation	0879.233.932
BALCO BELGIUM● Active	0454.476.078
BAZE INTERNATIONAL● Active	0457.982.926
BERGENDAL & CO● Active	0478.521.190
BYR GAMES● Active	0741.972.893
COMPAGNIE A.O.C.● Active	0479.150.009
DENTAL ZEN● Active	0670.691.454
DIAGNOSTIC ET SERVICE EN CONSTRUCTION● Active	0631.831.868
DLP Belgium● Active	0833.017.192
easyPV● Active	0677.570.734
EMPACT MANAGEMENT● Active	1005.183.581
FIDACTION BELGIQUE● Active	0466.524.171

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full 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	15/07/2025	03/07/2024	29/06/2023	17/06/2022	08/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	06/06/2023	07/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	07/06/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	24/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander CREYF	Directorsince 30/06/2025
Nicholas CREYF	Directorsince 30/06/2025
ANTWERP ADVANCED BUSINESS TRAVEL SERVICES0475.653.257Represented by GRIGOLI INGRID	Directorsince 16/11/2022Managing director04/06/2013 → 2014 accountsendedChairman of the board of directors22/05/2008 → 2013 accountsended
I.Q. TESTING & TRAINING0472.467.697Represented by Kenneth CREYF	Managing directorsince 04/06/2019Director01/04/2017 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ingrid GRIGOLI	Director02/06/2015 → 2021 accounts
BLUE TIME0476.928.115Represented by Patrick CULOT	Director04/06/2013 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other17/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/01/2015
KAPITAAL - AANDELEN
PDF
Capital / shares05/12/2014
KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Alexander CREYF

Nicholas CREYF

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

I.Q. TESTING & TRAINING

Ingrid GRIGOLI

BLUE TIME

Philippe VAN WINGHE

Linda LAUWERS

INTERNATIONAL INVESTMENT PARTNERS

2008200920102011201220132014201520162017201820192020202120222023202420252026

BA BTS

Avenue de Tervueren 412 bte 15bis, 1150 Woluwe-Saint-Pierre

Director

DirectorManaging directorChairman of the board of directors

Managing directorDirector

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue de Tervueren 412 bte 15bis, 1150 Woluwe-Saint-PierreCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00286583
Tervurenlaan 412/bus 15, 1150 Woluwe-Saint-Pierre	accounts 2023	Accounts 2023 · 2024-00200772
Tervurenlaan 412/bus 15bis, 1150 Woluwe-Saint-Pierre	accounts 2022	Accounts 2022 · 2023-00172111
Tervurenlaan 412 bte 15bis, 1150 Woluwe-Saint-Pierre	accounts 2021	Accounts 2021 · 2022-20069512

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BA BTSCurrent	accounts 2009 → 2025	Accounts 2025 · 2026-00286583

Events

2025
Annual accounts 2025223,6 k €↑
2024
Annual accounts 2024176,1 k €↑
2023
Annual accounts 202355,7 k €↓
2022
Annual accounts 2022384,4 k €↑
2021
Annual accounts 2021105,1 k €↑
2020
Annual accounts 2020-70,3 k €↓
2019
Annual accounts 2019238,6 k €↑
2018
Annual accounts 20183,7 k €↓
2017
Annual accounts 2017152,2 k €↓
2016
Annual accounts 2016219,2 k €↑
2015
Annual accounts 2015-95,4 k €↑
2014
Annual accounts 2014-120,9 k €↑
2013
Annual accounts 2013-420,2 k €↓
2012
Annual accounts 2012-188,7 k €↓
2011
Annual accounts 20113,3 k €↓
2010
Annual accounts 201022,4 k €↑
2009
Annual accounts 2009-36,7 k €
22/05/2008
IncorporationPublic limited company

BA BTS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events