B-M Projects
ActiveB-M Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €764k and a net result of €135k. Equity is growing by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 18.99 against 38.76 in 2024; short-term debt: 4.5% and cash: 64.2% of total assets), and 4.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.5%
Return on assets
16.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 d early
2024
1 d late
2023
62 d early
2022
49 d early
2021
44 d early
2020
61 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€764k▲ 21.4%
2024 · €629k
2020: €206k
2021: €252k
2022: €334k
2023: €502k
2024: €629k
2020 → 2025
Total assets
€800k▲ 24.6%
2024 · €642k
2020: €266k
2021: €310k
2022: €400k
2023: €539k
2024: €642k
2020 → 2025
Net result
€135k▲ 5.9%
2024 · €127k
2020: €81k
2021: €45k
2022: €82k
2023: €168k
2024: €127k
2020 → 2025
Working capital
€642k▲ 32.7%
2024 · €484k
2020: €204k
2021: €244k
2022: €302k
2023: €446k
2024: €484k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€252k-€334k▲ 32.7%€502k▲ 50.2%€629k▲ 25.4%€764k▲ 21.4%
Operating result€63k-€113k▲ 80.4%€240k▲ 112%€182k▼ 24.4%€184k▲ 1.5%
Net result€45k-€82k▲ 81.3%€168k▲ 104%€127k▼ 24.0%€135k▲ 5.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €800k
Fixed assets
€122k▼ 16.0%
Current assets
€678k▲ 36.5%
Equity and liabilities €800k
Equity
€764k▲ 21.4%
Debt
€36k▲ 179%
The debt ratio rises from 2.0% to 4.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€226k▲
2024 · €216k
Cash flow
€177k▲
2024 · €162k
Solvency
95.5%▼
2024 · 98.0%
Current ratio
18.99▼
2024 · 38.76
Quick ratio
18.99▼
2024 · 38.76
Debt / equity
0.05▲
2024 · 0.02
ROE
17.7%▼
2024 · 20.2%
ROA
16.9%▼
2024 · 19.8%
Interest coverage
993.33▲
2024 · 271.22
Debt
€36k▲
2024 · €13k
Debt ≤ 1 year
€36k▲
2024 · €13k
Income taxes
€57k▲
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€642k€800k▲
Fixed assets21/28€146k€122k▼
Tangible fixed assets22/27€146k€122k▼
Plant, machinery and equipment23€29k€35k▲
Furniture and vehicles24€116k€87k▼
Current assets29/58€496k€678k▲
Amounts receivable within one year40/41€38k€84k▲
Trade receivables40€6k€84k▲
Other amounts receivable41€32k-
Current investments50/53€300k€75k▼
Cash at bank and in hand54/58€158k€514k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€642k€800k▲
Equity10/15€629k€764k▲
Contributions10/11€125k€125k=
Reserves13€475k€609k▲
Distributable reserves133€475k€609k▲
Profit (loss) carried forward14€30k€31k▲
Amounts payable17/49€13k€36k▲
Amounts payable within one year42/48€13k€36k▲
Trade debts44€4k€17k▲
Suppliers440/4€4k€17k▲
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€9k€19k▲
Income statement
Code20242025
Non-recurring operating income76A€50-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€42k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€217k€228k▲
Operating profit (loss)9901€182k€184k▲
Financial income75/76B€151€8k▲
Recurring financial income75€151€8k▲
Financial charges65/66B€796€228▼
Recurring financial charges65€796€228▼
Profit (loss) for the period before taxes9903€181k€192k▲
Income taxes67/77€54k€57k▲
Profit (loss) for the period9904€127k€135k▲
Profit (loss) for the period to be appropriated9905€127k€135k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€165k▲
Profit (loss) brought forward from the previous period14P€29k€30k▲
Transfer to equity691/2€127k€134k▲
To other reserves6921€127k€134k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Liquidity triplescurrent ratio 38.76
Current ratio from 12.93 to 38.76; short-term debt falls from €37k to €13k.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €168k ▲104%
Operating result €240k, net result €168k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 12.93
Current ratio from 5.62 to 12.93; short-term debt falls from €65k to €37k.
31-12
Financial
Equity above €500kEq €502k ▲50.2%
4 profitable years in a row build equity to €502k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €45k ▼44.2%
Net result drops to €45k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heers · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heersestraat(H.) 83870 HeersGround area
1,278 m²
Building footprint
249 m²
Parcel 73022D0116/00H000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
B-M Projects
since 20192.289.667.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73022D0116/00H000 | Flanders | 1,278 m² | 1 · 249 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500ZRDDPSE4FMA378
Similar companies · same sector, comparable size
SABIMMO KOKSIJDE
BE 0479.787.041
Koksijde · Eq €766k
ECOGEN
BE 0768.898.313
Evere · Eq €763k
Elewaut-Leybaert
BE 0892.205.802
Buggenhout · Eq €763k
KM PROJECT
BE 0829.701.574
Zemst · Eq €767k
SOBELIM
BE 0863.834.884
Nazareth-De Pinte · Eq €767k
Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 4,264 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-05-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.