B.Management
ActiveSummary
B.Management has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,545 and a net result of €38,733. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 7.51 against 7.36 in 2024; short-term debt: 12.8% and cash: 67.6% of total assets), and 12.8% of the assets are financed with debt.
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Signals
Five 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
87.2%
Return on assets
35%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
26 d late
2023
9 d late
2022
32 d early
2021
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€96,545▲ 9.3%
2024 · €88,312
Total assets
€110,654▲ 9.1%
2024 · €101,385
Net result
€38,733▲ 18.2%
2024 · €32,755
Working capital
€91,820▲ 10.5%
2024 · €83,109
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,056-€26,105▲ 0.2%€28,831▲ 10.4%€42,592▲ 47.7%€48,422▲ 13.7%
Net result€20,009within the sector's middle half-€19,796within the sector's middle half▼ 1.1%€20,993within the sector's middle half▲ 6.0%€32,755above the sector's middle half▲ 56.0%€38,733above the sector's middle half▲ 18.2%
Equity€20,568within the sector's middle half-€40,364within the sector's middle half▲ 96.2%€61,357within the sector's middle half▲ 52.0%€88,312within the sector's middle half▲ 43.9%€96,545within the sector's middle half▲ 9.3%
Total assets€46,891below the sector's middle half-€59,693below the sector's middle half▲ 27.3%€105,663below the sector's middle half▲ 77.0%€101,385below the sector's middle half▼ 4.0%€110,654below the sector's middle half▲ 9.1%
Debt€26,323-€19,329▼ 26.6%€44,306▲ 129%€13,073▼ 70.5%€14,109▲ 7.9%
Working capital€16,337within the sector's middle half-€34,935within the sector's middle half▲ 114%€50,942within the sector's middle half▲ 45.8%€83,109within the sector's middle half▲ 63.1%€91,820within the sector's middle half▲ 10.5%
Solvency43.9%within the sector's middle half-67.6%above the sector's middle half▲ 23.8pp58.1%within the sector's middle half▼ 9.6pp87.1%above the sector's middle half▲ 29.0pp87.2%above the sector's middle half▲ 0.1pp
Current ratio1.81within the sector's middle half-2.97above the sector's middle half▲ 1.153.73above the sector's middle half▲ 0.767.36above the sector's middle half▲ 3.637.51above the sector's middle half▲ 0.15
Return on assets (ROA)42.7%above the sector's middle half-33.2%above the sector's middle half▼ 9.5pp19.9%above the sector's middle half▼ 13.3pp32.3%above the sector's middle half▲ 12.4pp35.0%above the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,654
Fixed assets
€4,725 ▼ 9.2%
Current assets
€105,930 ▲ 10.1%
Equity and liabilities €110,654
Equity
€96,545 ▲ 9.3%
Debt
€14,109 ▲ 7.9%
Debt's share of the balance-sheet total falls from 12.9% to 12.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,396▲
2024 · €44,264
Cash flow
€39,706▲
2024 · €34,428
Debt to equity
0.15▼
2024 · 0.15
ROE
40.1%▲
2024 · 37.1%
Interest coverage
275.64▲
2024 · 21.64
Debt ≤ 1 year
€14,109▲
2024 · €13,073
Income taxes
€10,268▲
2024 · €8,658
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,383 | €4,654 | €8,815 | €1,673 | €974 | ▼ 41.8% |
| Other operating charges640/8 | €378 | €904 | €675 | €937 | €963 | ▲ 2.8% |
| Gross operating margin9900 | €30,817 | €31,663 | €38,322 | €45,201 | €50,359 | ▲ 11.4% |
| Operating profit (loss)9901 | €26,056 | €26,105 | €28,831 | €42,592 | €48,422 | ▲ 13.7% |
| Financial income75/76B | €2 | - | €492 | €867 | €758 | ▼ 12.6% |
| Recurring financial income75 | €2 | - | €492 | €867 | €758 | ▼ 12.6% |
| Financial charges65/66B | €242 | €170 | €1,224 | €2,046 | €179 | ▼ 91.2% |
| Recurring financial charges65 | €242 | €170 | €1,224 | €2,046 | €179 | ▼ 91.2% |
| Profit (loss) for the period before taxes9903 | €25,817 | €25,935 | €28,099 | €41,413 | €49,000 | ▲ 18.3% |
| Income taxes67/77 | €5,807 | €6,139 | €7,106 | €8,658 | €10,268 | ▲ 18.6% |
| Profit (loss) for the period9904 | €20,009 | €19,796 | €20,993 | €32,755 | €38,733 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | €20,009 | €19,796 | €20,993 | €32,755 | €38,733 | ▲ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,891 | €59,693 | €105,663 | €101,385 | €110,654 | ▲ 9.1% |
| Fixed assets21/28 | €10,449 | €6,995 | €36,049 | €5,203 | €4,725 | ▼ 9.2% |
| Tangible fixed assets22/27 | €10,449 | €6,995 | €36,049 | €2,203 | €1,725 | ▼ 21.7% |
| Land and buildings22 | - | - | €33,732 | - | - | - |
| Furniture and vehicles24 | €10,449 | €6,995 | €2,317 | €2,203 | €1,725 | ▼ 21.7% |
| Financial fixed assets28 | - | - | - | €3,000 | €3,000 | = |
| Current assets29/58 | €36,442 | €52,698 | €69,614 | €96,182 | €105,930 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €7,274 | €8,169 | €29,490 | €24,953 | €30,510 | ▲ 22.3% |
| Trade receivables40 | €7,274 | €8,169 | €11,567 | €13,127 | €13,131 | = |
| Other amounts receivable41 | - | - | €17,922 | €11,826 | €17,379 | ▲ 47.0% |
| Cash at bank and in hand54/58 | €28,584 | €43,884 | €39,466 | €70,309 | €74,763 | ▲ 6.3% |
| Deferred charges and accrued income490/1 | €584 | €645 | €659 | €920 | €657 | ▼ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,891 | €59,693 | €105,663 | €101,385 | €110,654 | ▲ 9.1% |
| Equity10/15 | €20,568 | €40,364 | €61,357 | €88,312 | €96,545 | ▲ 9.3% |
| Contributions10/11 | €559 | €559 | €559 | €559 | €559 | = |
| Outside capital11 | €559 | €559 | €559 | €559 | - | - |
| Other1109/19 | €559 | €559 | €559 | €559 | - | - |
| Profit (loss) carried forward14 | €20,009 | €39,805 | €60,798 | €87,753 | €95,986 | ▲ 9.4% |
| Amounts payable17/49 | €26,323 | €19,329 | €44,306 | €13,073 | €14,109 | ▲ 7.9% |
| Amounts payable after more than one year17 | €6,218 | €1,565 | €25,634 | - | - | - |
| Financial debts170/4 | €6,218 | €1,565 | €25,634 | - | - | - |
| Amounts payable within one year42/48 | €20,105 | €17,763 | €18,672 | €13,073 | €14,109 | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | €4,588 | €4,652 | €5,639 | - | €813 | - |
| Trade debts44 | €587 | - | €554 | €1,486 | - | - |
| Suppliers440/4 | €587 | - | €554 | €1,486 | - | - |
| Taxes, remuneration and social security45 | €13,783 | €12,014 | €12,479 | €11,587 | €13,296 | ▲ 14.8% |
| Taxes450/3 | €13,783 | €12,014 | €12,479 | €11,587 | €13,296 | ▲ 14.8% |
| Other amounts payable47/48 | €1,148 | €1,097 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,009 | €19,796 | €20,993 | €32,755 | €38,733 | ▲ 18.2% |
| + Depreciation and write-downs630 | €4,383 | €4,654 | €8,815 | €1,673 | €974 | ▼ 41.8% |
| Operating cash flow (approximation) | €24,392 | €24,450 | €29,808 | €34,428 | €39,706 | ▲ 15.3% |
| Investment in fixed assets (approximation) | - | -€1,200 | -€37,870 | €29,173 | -€495 | ▼ 102% |
| Change in cash | - | €15,300 | -€4,418 | €30,844 | €4,454 | ▼ 85.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
06-07
State Gazette act
Director in office · Shareholding
Founding capital · Bank account
2025
31-12
Financial
Highest result since 2021net €38,733 ▲18.2%
Operating result €48,422, net result €38,733, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €19,796 ▼1.1%
Net result drops to €19,796, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Schaarbeek · 1 establishment unit since 2021
Ground area
149 m²
Building footprint
76 m²
Volume, LiDAR
776 m³
Parcel 21904B0467/00Y002, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
-
since 20212.315.387.426
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0467/00Y002 | Brussels | 149 m² | 1 · 76 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,196 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
46180Agents specialised in the wholesale of other particular products
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765690581
Also
9925:BE0765690581
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.