ACTIVE

BA BTS

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Financial year 2025 · closed on 31/12/2025

Net result

223,6 k €

+27.0% YoY

Gross margin

796,8 k €

Equity

1,5 M €

+5.2% YoY

What does BA BTS do?

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

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	796,8 k €		–		–		–		–		15,9 k €	-96.7%	474,4 k €	+101%	236,6 k €	-45.7%	436,1 k €	+41.2%	308,7 k €	+224%	-249,3 k €	-124%	1 M €	+39.3%	744,1 k €	-11.0%	836,2 k €	-19.0%	1 M €	+62.6%	634,7 k €	+59.4%	398,2 k €
EBITDA	281,3 k €	-12.2%	320,4 k €	+116%	148,1 k €	-62.4%	393,3 k €	+280%	103,4 k €	+293%	-53,5 k €	-119%	279,2 k €	+51.0%	184,9 k €	-37.2%	294,4 k €	+71.2%	172 k €	+121%	-800,3 k €	-1246%	69,8 k €	+142%	-167 k €	+39.2%	-274,6 k €	-288%	145,7 k €	+421%	28 k €	+776%	3,2 k €
Operating result	281,3 k €	-12.2%	320,4 k €	+117%	147,6 k €	-73.9%	565,9 k €	+353%	124,9 k €	+323%	-56 k €	-120%	275,8 k €	+61.6%	170,7 k €	-8.6%	186,7 k €	+250%	53,3 k €	+106%	-949,1 k €	-1580%	-56,5 k €	+81.3%	-301,5 k €	-16.6%	-258,7 k €	-414%	82,5 k €	+421%	15,8 k €	+451%	-4,5 k €
Net result	223,6 k €	+27.0%	176,1 k €	+216%	55,7 k €	-85.5%	384,4 k €	+266%	105,1 k €	+249%	-70,3 k €	-129%	238,6 k €	+6313%	3,7 k €	-97.6%	152,2 k €	-30.6%	219,2 k €	+330%	-95,4 k €	+21.1%	-120,9 k €	+71.2%	-420,2 k €	-123%	-188,7 k €	-5765%	3,3 k €	-85.1%	22,4 k €	+161%	-36,7 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 €	+15.0%	699,1 k €	-9.1%	769,5 k €	+45.0%	530,8 k €	+0.7%	527,1 k €	+40.6%	375 k €	+141%	155,8 k €	-38.0%	251,2 k €	+248%	72,1 k €	-21.9%	92,4 k €	-67.1%	281 k €	+1.2%	277,7 k €	+8.8%	255,3 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 €	+2.8%	2,8 M €	+21.9%	2,3 M €	+43.6%	1,6 M €	+16.6%	1,4 M €	+16.7%	1,2 M €	-24.2%	1,5 M €	-32.5%	2,3 M €	+0.7%	2,3 M €	+43.4%	1,6 M €	+27.0%	1,2 M €	-11.5%	1,4 M €	+33.3%	1,1 M €
Cash	2,1 M €	+7.9%	2 M €	-0.9%	2 M €	+50.5%	1,3 M €	+13.4%	1,2 M €		–		804,2 k €	+55.0%	518,9 k €	-0.5%	521,2 k €	+71.8%	303,4 k €	+49.4%	203 k €	-3.9%	211,3 k €	+58.1%	133,7 k €	+1463%	8,5 k €	-96.0%	211,2 k €	+486%	36,1 k €	-77.5%	160,3 k €
Debts	2,3 M €	-28.3%	3,2 M €	+73.9%	1,8 M €	+64.3%	1,1 M €	-40.7%	1,9 M €	-2.2%	1,9 M €	+42.6%	1,3 M €	+33.3%	1 M €	+27.9%	787,3 k €	+1.9%	772,2 k €	-42.1%	1,3 M €	-33.2%	2 M €	-6.8%	2,1 M €	+45.9%	1,5 M €	+62.0%	906,8 k €	-16.1%	1,1 M €	+35.5%	797,8 k €
Other
Workforce	–		7,6 ETP	+68.9%	4,5 ETP	+181%	1,6 ETP	+23.1%	1,3 ETP	-50.0%	2,6 ETP	+23.8%	2,1 ETP	+10.5%	1,9 ETP	-32.1%	2,8 ETP	-30.0%	4,0 ETP	-68.3%	12,6 ETP	-31.9%	18,5 ETP	-6.6%	19,8 ETP	+5.3%	18,8 ETP	+10.6%	17,0 ETP	+32.8%	12,8 ETP	+36.2%	9,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

Alexander CREYF

Director · since 30 juin 2025

Active

Nicholas CREYF

Director · since 30 juin 2025

Active

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

Director · since 16 novembre 2022 · 0475.653.257

Represented by Ingrid GRIGOLI

Active

I.Q. TESTING & TRAINING

Managing director · since 04 juin 2019 · 0472.467.697

Represented by Kenneth CREYF

Active

Ended mandates

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

Director · since 16 novembre 2022 · 0475.653.257

Represented by GRIGOLI INGRID

Ended

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

Director · since 16 novembre 2022 · 0475.653.257

Represented by Ingrid GRIGOLI

Ended

I.Q. TESTING & TRAINING

Managing director · since 04 juin 2019 · 0472.467.697

Represented by Kenneth CREYF

Ended

Ingrid GRIGOLI

Director · since 04 juin 2019 · until 04 juin 2025

Ended

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Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

Alexander CREYF

Director · since 30 juin 2025

Active

Nicholas CREYF

Director · since 30 juin 2025

Active

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

Director · since 16 novembre 2022 · 0475.653.257

Represented by Ingrid GRIGOLI

Active

I.Q. TESTING & TRAINING

Managing director · since 04 juin 2019 · 0472.467.697

Represented by Kenneth CREYF

Active

Ended mandates

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

Director · since 16 novembre 2022 · 0475.653.257

Represented by GRIGOLI INGRID

Ended

ANTWERP ADVANCED BUSINESS TRAVEL SERVICES

Director · since 16 novembre 2022 · 0475.653.257

Represented by Ingrid GRIGOLI

Ended

I.Q. TESTING & TRAINING

Managing director · since 04 juin 2019 · 0472.467.697

Represented by Kenneth CREYF

Ended

Ingrid GRIGOLI

Director · since 04 juin 2019 · until 04 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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

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 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

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

BA BTS

Overview

What does BA BTS 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