B.S.E.
ActiveSummary
B.S.E. has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,663 and a net result of €1,175. Equity has been shrinking by about 20% per year since 2023. Its solvency ranks better than 84% of 5,897 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-07-2022 Normal situation
- Activity
- On-demand passenger transport by chauffeured vehicle NACE 49330and 1 other
- Establishment unit
- 2.333.151.787 3960 Bree, since 06-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Turnover
- €118,981
- ▲ 265%
- Profit
- €1,175
- Equity
- €10,663
- ▲ 12.4%
- Total assets
- €14,080
- ▼ 0.6%
Score breakdownraises riskSize: turnover €118,981, total assets €14,080Founded in 2022Sector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 3.12, cash €3,344Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 92% of them on solvency, 77% on liquidity, 34% on profitability and 77% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 41 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a profit of €1,374, after a loss of €5,067 in 2024.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €5,085 | €0 | €0 |
| Depreciation and write-downs of the year | €1,495 | €1,490 | €1,490 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €145,344 | €32,584 | €118,981 | ▲ 265% |
| Goods, raw materials, services and sundry goods60/61 | €131,024 | €38,724 | €118,632 | ▲ 206% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,495 | €1,490 | €1,490 | = |
| Other operating charges640/8 | €62 | €158 | €62 | ▼ 60.8% |
| Gross operating margin9900 | €14,320 | -€3,419 | €2,926 | - |
| Operating profit (loss)9901 | €12,764 | -€5,067 | €1,374 | - |
| Financial income75/76B | €1,447 | - | €0 | - |
| Recurring financial income75 | €1,447 | - | €0 | - |
| Financial charges65/66B | €300 | €75 | €61 | ▼ 18.9% |
| Recurring financial charges65 | €300 | €75 | €61 | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €13,911 | -€5,142 | €1,313 | - |
| Income taxes67/77 | €4,030 | €250 | €139 | ▼ 44.6% |
| Profit (loss) for the period9904 | €9,881 | -€5,392 | €1,175 | - |
| Profit (loss) for the period to be appropriated9905 | €9,881 | -€5,392 | €1,175 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,625 | €14,168 | €14,080 | ▼ 0.6% |
| Formation expenses20 | €1,976 | €1,413 | €851 | ▼ 39.8% |
| Fixed assets21/28 | €4,426 | €3,498 | €2,570 | ▼ 26.5% |
| Tangible fixed assets22/27 | €4,426 | €3,498 | €2,570 | ▼ 26.5% |
| Furniture and vehicles24 | €4,426 | €3,498 | €2,570 | ▼ 26.5% |
| Financial fixed assets28 | €0 | - | - | - |
| Current assets29/58 | €14,223 | €9,257 | €10,659 | ▲ 15.1% |
| Amounts receivable within one year40/41 | €453 | €430 | €766 | ▲ 78.1% |
| Trade receivables40 | €0 | €0 | €0 | - |
| Other amounts receivable41 | €453 | €430 | €766 | ▲ 78.1% |
| Cash at bank and in hand54/58 | €3,731 | €1,060 | €3,344 | ▲ 215% |
| Deferred charges and accrued income490/1 | €10,039 | €7,766 | €6,549 | ▼ 15.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,625 | €14,168 | €14,080 | ▼ 0.6% |
| Equity10/15 | €14,881 | €9,488 | €10,663 | ▲ 12.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €9,881 | €9,881 | €9,881 | = |
| Distributable reserves133 | €9,881 | €9,881 | €9,881 | = |
| Profit (loss) carried forward14 | - | -€5,392 | -€4,218 | ▲ 21.8% |
| Amounts payable17/49 | €5,744 | €4,680 | €3,417 | ▼ 27.0% |
| Amounts payable within one year42/48 | €5,744 | €4,680 | €3,417 | ▼ 27.0% |
| Trade debts44 | €664 | €343 | €993 | ▲ 189% |
| Suppliers440/4 | €664 | €343 | €993 | ▲ 189% |
| Taxes, remuneration and social security45 | €5,080 | €4,280 | €189 | ▼ 95.6% |
| Taxes450/3 | €4,680 | €4,280 | €189 | ▼ 95.6% |
| Remuneration and social security454/9 | €400 | €0 | - | - |
| Other amounts payable47/48 | €0 | €56 | €2,235 | ▲ 40× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,881 | -€5,392 | €1,175 | - |
| + Depreciation and write-downs630 | €1,495 | €1,490 | €1,490 | = |
| Operating cash flow (approximation) | €11,376 | -€3,902 | €2,665 | - |
| Investment in fixed assets (approximation) | - | -€562 | -€562 | = |
| Change in cash | - | -€2,671 | €2,283 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as B.S.E. has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B.S.E. itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for B.S.E.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- Creemers Guido Wilhelmus Dionis 5 shares (100%)
Capital transactions
- 08-07-2022 Incorporation · €5,000 · 5 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, algemene vergadering bepaalt aantal,duur opdracht en,indien meerdere,bevoegdheid”
Articles of association, deed of 08-07-2022 (in Dutch)
Network & group
B.S.E. shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of B.S.E.. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-11
Gazette deed
PurposePurpose change · Amendment of the articles · Power of attorney4 points ▸
- Purpose change
- Amendment of the articles, 3
- Power of attorney
- Power of attorney, Natalie Cabes
26-04
Gazette deed
Registered office moved within BreeNew seat: NIEUWSTADPOORT 18, 3960 BREE · Previous seat: NIEUWSTADWEG 1-B, 3960 BREE2 points ▸
- General meeting, 08-03-2024
- Registered-office move, NIEUWSTADPOORT 18,3960 BREE
08-07
Gazette deed
IncorporationStarting capital €5,000 · Appointment: Creemers Guido Wilhelmus Dionis (director) · Founder6 points ▸
- Incorporation, 06-07-2022
- Founder, Creemers Guido Wilhelmus Dionis (shareholder)
- Founding capital, €5,000
- Board rule, 1
- Director appointment, Creemers Guido Wilhelmus Dionis (director (not named in the articles))
- Registered office clause, “Nieuwstadweg 1 B,3960 Bree” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
B.S.E. was incorporated on 6 July 2022 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Bree in 2024.3 Creemers Guido Wilhelmus Dionis is director of the company, appointed in the act of 08-07-2022.2 Turnover fell from €145,344 in 2023 to €118,981 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72402A0308/00A003 | Flanders | 124 m² | 1 · 80 m² | 10.6 m · 3 |