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B.P.M.

Judicial reorganisation Private limited companyfounded 2002active for 24 yearsRue du Karting 9, 5660 CouvinKBO/BCE: BE 0477.732.324 subsidiary of cdb

Information for creditors

Enterprise Court of Liège · Official Gazette of 19-06-2026

Opened on 16 June 2026 · extended on 16 October 2026 · moratorium until 16 February 2027

Steps, deadlines and articles of law

The procedure

Track
Reorganisation by collective agreement
Docket number
20260036
Moratorium until
16 February 2027
Creditors' vote
9 February 2027
Delegated judge
Nadia Ajvazov
Official Gazette
19-06-2026search the document for 2026/127092
Extension
judgment of 16 October 2026, Official Gazette 23-10-2026search the document for 2026/144097

Steps for a creditor

  1. Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
  2. Check the amount the company lists you for. It has to tell you. Dispute a wrong amount in writing.
  3. The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
  4. What you deliver after the opening is not covered by the moratorium. Agree clear payment terms for it.
  5. The file is in RegSol, where you can read the documents of the procedure.

The moratorium runs until 16 February 2027, unless the court extends or ends it earlier. The date of the vote on the plan is in the judgment and in RegSol.

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

Follow Follow this reorganisation and you are notified of an extension, the court's approval, the closure or a bankruptcy.

This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.

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Lifetime

20 annual accounts with figures on one time axis, 24 filings since 2002
peak €2.1m (2023)
€1.4m▼ 32.3%
lowest -€523,979 (2025)
-€523,979▼ €711,497
peak €1.3m (2024)
€727,740▼ 42.3%
€4.8m▼ 8.7%
peak 16 FTE (2025)
16 FTE▲ 6.7%
Board2 names since 2021
Owners
consolidatesCDB ENVIRONNEMENT
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Turnover from €4.3m to €3.5mGross margin from €2.1m to €1.4mLoss of €523,979Equity from €1.3m to €727,740

Key points

from the 2025 annual accounts

Overdue debts

€160,555 on 31-12-2025
Overdue tax debts
€92,281
Overdue social security (RSZ) debts
€68,274

The annual accounts state €92,281 of overdue tax debts and €68,274 of overdue social security (RSZ) debts on 31-12-2025.

Equity

€727,740 from €1.3m in 2024

Equity fell by 42% in 1 year.

Result

-€523,979 -€523,979
€188,0002024-€524,0002025

From profit to loss in 2025, after a profit of €187,518 in 2024.

Debts

€4.8m 86% of the balance sheet
Financial debts 37%Suppliers 38%Taxes and wages 7%Other 18%

Of this, €2.5m falls due within a year.

Payment terms

292 days to suppliers
Suppliers
182 to 292
Customers
79 to 104

B.P.M. pays its suppliers 110 days later than in 2024. Customers pay 25 days later.

Position in the sector

-€523,979

Lower net result than 95% of companies in rental and leasing. Sector median €16,923 · 1,142 companies.

Reorganisation running: about 1 in 4 bankrupt within the year

Checked score

24
Critical
Without a bankruptcy probability, the score rests on the figures alone.

An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24.

Bankruptcy probability within 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).

Financial strength
Weak

38-6equity 13.1% of total assets
28-6short-term debt 45.2% · cash 0.3%
33-49return on assets -9.4%

Credit verdict

No credit on open account during an ongoing judicial reorganisation

Liquidity is insufficient, with a current ratio of 0.62 (0.8 in 2024), below 1. Short-term debt is 45.2% and cash 0.3% of total assets. 86.9% of the assets are financed with debt and provisions.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Two signals.
raises riskneutral
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring. The KBO register also records: special situation.
Belgian Official Gazette
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
35 days early
2023
35 days early
2022
19 days early
2021
19 days early
2020
24 days late
2019
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

  • cdb consolidatesscore 52equity €171,393 (2025) · annual accounts 2025
  • cdb environnement srlscore 52equity €171,393 (2025) · annual accounts 2024
Board & ownership

Recent changes

Extension Enterprise Court of Liège · collective agreement · judgment of 16-10-2026 · Judicial reorganisation
Judicial reorganisation opened Enterprise Court of Liège · collective agreement (SME) · judgment of 16-06-2026 · Judicial reorganisation
Registered in the Peppol Directory Reachable for e-invoices through 0208:0477732324
2 establishments registered Chimay and Charleroi
All 39 events

Comparable companies

same main activity, similar in size and age
Company
B.P.M. Couvin €3.5m -12.2% 13.1% 16
THE CITY RENT Malmedy - - 9.4% 15.2
C.G. MAT Assesse - - 79.8% 8.3
BPI Service Beveren-Kruibeke-Zwijndrecht - - 23.2% 12.9
MCA Energy Systems Lokeren - - 61.9% 15.5
Group-f Rental Kontich - - -17.3% 24.4
FRANCOIS VAN GAEVEREN Hamme (Vl.) €2.4m 15.2% 70.5% 14.7
-10%0%10%20%€5m€50m€500mB.P.M.EBIT margin

Grey: the largest companies of the sector (rental and leasing (NACE 77)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as B.P.M.: rental and leasing activities (NACE 77320). They are comparable in size and age: total assets between €2.6m and €6m, founded between 1986 and 2005.

Official details

Source: KBO
Status
Active since 13-06-2002Judicial reorganisation since 16-06-2026, moratorium until 16-02-2027
Activity
Rental and leasing activitiesNACE 77320and 3 others
Establishment units
2.094.798.1425660 Couvin, since 15-07-2002
2.360.549.2406464 Chimay, since 01-01-2024and 1 other
Financial year end
31 December
Peppol
Reachable since 13-08-2025
Company details

Annual accounts 2025

€5.5m▼ 15.2%
Filing
Filed on 14-07-2026, 17 days before the end of the filing period
Financials

Insights on B.P.M.

B.P.M. files the abbreviated format. That format states no turnover. The gross margin rose from €298,878 in 2006 to €1.4m in 2025.

The balance sheet grew most from 2020 to 2022 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about B.P.M.

What is the company number of B.P.M.?
The company number of B.P.M. is 0477.732.324. The VAT number is the same number with BE in front: BE 0477.732.324.
Where is B.P.M. based?
The registered office is at Rue du Karting 9, 5660 Couvin.Company details
What does B.P.M. do?
According to the KBO register, the main activity is rental and leasing activities (NACE 77320).
What is the legal form of B.P.M.?
B.P.M. is a private limited company (BV).
When was B.P.M. founded?
B.P.M. was founded on 13-06-2002.
Is B.P.M. still active?
Yes, B.P.M. is in the KBO register. A judicial reorganisation is running.
How many employees does B.P.M. have?
B.P.M. had an average of 16 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of B.P.M.?
The turnover of B.P.M. was €3.5m in financial year 2025, according to the filed annual accounts.
Is B.P.M. profitable?
In financial year 2025, B.P.M. made a loss of €523,979.
Where can I find the annual accounts of B.P.M.?
B.P.M. filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of B.P.M. due?
B.P.M. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Keep this company with today's facts in a case file.