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B & S HOLDING

Active
Public limited companyfounded 200323 years activePatrick Sercudreef 31, 8870 Izegem, BelgiumKBO/BCE: BE 0480.158.017
Summary

The annual accounts of B & S HOLDING for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €608,451 and a net result of -€219,939. Equity is growing by ~4% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Administratie en managementactiviteiten
From the articles, 7 activitiesNo NACE code in the KBO yet1 site
Size
€1.7mtotal assets 2025
Equity
€608,451
Loss
-€219,939
Turnover not published (abridged schema)Net result -290%: merger
Financial health
54 Fair Checked score 2025
Bankruptcy probability, 12 months
0.6%
Structure
Accounts 21 days early2 of 7 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €219,939, the second in a row (FY 2025)- Liquidity: current ratio 0.01, cash €3,189+ Size: total assets €1.7m+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 35% of its sector peers (no NACE code, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 61+13
equity 35.7% of total assets
Liquidity 16+8
short-term debt 64.3% · cash 0.2%
Profitability 3-17
return on assets -12.9%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 1.5% 12-2024: 1.6%▲ +0.1 percentage points vs 11-2024 01-2025: 1.7%▲ +0.1 percentage points vs 12-2024 02-2025: 2.5%▲ +0.8 percentage points vs 01-2025 03-2025: 3.2%▲ +0.7 percentage points vs 02-2025 04-2025: 5.5%▲ +2.3 percentage points vs 03-2025 05-2025: 5.8%▲ +0.3 percentage points vs 04-2025 06-2025: 6.6%▲ +0.8 percentage points vs 05-2025 07-2025: 8.6%▲ +2.0 percentage points vs 06-2025highest value 08-2025: 0.6%▼ -8.0 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.7%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%▼ -0.4 percentage points vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.2%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit up to €30,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 64.3% and cash: 0.2% of total assets), and 64.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 36% on solvency, 11% on liquidity, 9% on profitability and 85% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1.7m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €219,939, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.01, cash €3,189
NBB · annual accounts
lowers risk · Legal form Public limited company
KBO
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
30 days early
2023
48 days early
2022
83 days early
2021
48 days early
2020
88 days early
2019
63 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 54 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Capital & shares · RestructuringAuditor report · Merger ·…
  3. Weakest financial yearnet -€219,939

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€219,939 View
  • Result fell in 2025merger with DR. DECOOPMAN BART ▼ 290% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.7m
Loss
-€219,939
Solvency
35.7%
Total assets▼ 10.4%
Net result
20192025
Go to Financials

Timeline

Events
16
Since
2016
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €500,000
  2. 18-11-2025Restructuring
  3. 01-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
06-05-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
4
Purpose
Administratie en managementactiviteiten; Het tussenkomen in het dagelijks bestuur en het…
Statutory auditor
No statutory auditor
Go to Articles of association

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