B.S.M.
ActiveSummary
B.S.M. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€100,020. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
What they do
Wholesale of non-electrical household articles
NACE 46494NACE 51471Holiday cottages, homes and apartments NACE 55203
2 sites
How big
€1.4mtotal assets 2025
- Staff
- 0.5 FTE
- Equity
- €1.2m
- Loss
- -€100,020
Who decides
Accounts 8 d early0 of 8 deeds read
Why 60- Higher-failure-rate region- Multiple establishment units- Higher-failure-rate sector- Persistent losses+ Long track record+ Lower-risk legal form+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-58
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 3.7 against 5.55 in 2024; short-term debt: 10.4% and cash: 10.3% of total assets), and 17.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
82.8%
Return on assets
-7.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€100,020
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
29 d late
2023
29 d late
2022
31 d late
2021
26 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€100,020
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €1.4mLoss -€100,020Solvency 82.8%Liquidity 3.70
Total assets
€1.4m▼ 1.7%
2018 - 2025
Net result
-€100,020▼ 733%
2018 - 2025
Equity
€1.2m▼ 8.0%
2018 - 2025
Staff (FTE)
0.5=
2018 - 2025
Financials · fiscal year 2025, full schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.01m▲ 87.5%€0.001m-€0.07m-€0.01m▲ 84.1%-€0.1m▼ 755%
Net result-€0.01mbelow the sector's middle half▲ 88.8%€0.002mbelow the sector's middle half-€0.07mbelow the sector's middle half-€0.01mbelow the sector's middle half▲ 82.9%-€0.1mbelow the sector's middle half▼ 733%
Equity€1.3mabove the sector's middle half▼ 0.8%€1.3mabove the sector's middle half▲ 0.1%€1.3mabove the sector's middle half▼ 5.2%€1.3mabove the sector's middle half▼ 0.9%€1.2mwithin the sector's middle half▼ 8.0%
Total assets€1.3mwithin the sector's middle half▼ 1.7%€1.4mwithin the sector's middle half▲ 3.3%€1.3mwithin the sector's middle half▼ 5.2%€1.4mwithin the sector's middle half▲ 7.6%€1.4mwithin the sector's middle half▼ 1.7%
Debt€0.01m▼ 53.5%€0.05m▲ 402%€0.05m▼ 4.5%€0.2m▲ 220%€0.2m▲ 46.3%
Working capital€0.4mwithin the sector's middle half▲ 9.6%€0.6mwithin the sector's middle half▲ 50.0%€0.5mwithin the sector's middle half▼ 2.5%€0.6mwithin the sector's middle half▲ 6.6%€0.4mwithin the sector's middle half▼ 32.7%
Solvency99.2%above the sector's middle half▲ 0.9pp96.1%above the sector's middle half▼ 3.1pp96.1%above the sector's middle half=88.5%above the sector's middle half▼ 7.7pp82.8%above the sector's middle half▼ 5.6pp
Current ratio42.87above the sector's middle half▲ 25.7711.79above the sector's middle half▼ 31.0811.69above the sector's middle half▼ 0.105.55above the sector's middle half▼ 6.143.70above the sector's middle half▼ 1.86
Return on assets (ROA)-0.8%below the sector's middle half▲ 6.0pp0.1%below the sector's middle half▲ 0.9pp-5.3%below the sector's middle half▼ 5.4pp-0.8%below the sector's middle half▲ 4.5pp-7.2%below the sector's middle half▼ 6.3pp
Staff (FTE)0.2below the sector's middle half0.5below the sector's middle half▲ 150%0.5below the sector's middle half=0.5below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96,063 in 2025 against €11,230 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€858,627 ▲ 21.0%
Current assets
€539,648 ▼ 24.3%
Equity and liabilities €1.4m
Equity
€1.2m ▼ 8.0%
Debt
€240,189 ▲ 46.3%
Debt's share of the balance-sheet total rises from 11.5% to 17.2%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€18,871▼
2024 · €61,837
Cash flow
-€22,828▼
2024 · €61,062
Quick ratio
2.95▼
2024 · 4.62
Debt to equity
0.21▲
2024 · 0.13
ROE
-8.6%▼
2024 · -1.0%
Interest coverage
-4.68▼
2024 · 52.67
Debt ≤ 1 year
€145,996▲
2024 · €128,364
Debt > 1 year
€94,000▲
2024 · €35,397
Staff costs
€22,160▲
2024 · €20,025
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,617 | €21,341 | €20,025 | €22,160 | ▲ 10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,895 | €57,178 | €71,639 | €73,067 | €77,192 | ▲ 5.6% |
| Other operating charges640/8 | €3,636 | €2,315 | €8,545 | €7,015 | €5,879 | ▼ 16.2% |
| Non-recurring operating charges66A | - | €984 | - | - | - | - |
| Gross operating margin9900 | €46,827 | €68,107 | €30,811 | €88,877 | €9,169 | ▼ 89.7% |
| Operating profit (loss)9901 | -€11,704 | €1,012 | -€70,714 | -€11,230 | -€96,063 | ▼ 755% |
| Financial income75/76B | €1,460 | €941 | €605 | €399 | €76 | ▼ 81.0% |
| Recurring financial income75 | €1,460 | €607 | €605 | €399 | €76 | ▼ 81.0% |
| Non-recurring financial income76B | - | €334 | - | - | - | - |
| Financial charges65/66B | €223 | €202 | €81 | €1,174 | €4,033 | ▲ 243% |
| Recurring financial charges65 | €223 | €202 | €81 | €1,174 | €4,033 | ▲ 243% |
| Profit (loss) for the period before taxes9903 | -€10,467 | €1,751 | -€70,191 | -€12,005 | -€100,020 | ▼ 733% |
| Profit (loss) for the period9904 | -€10,467 | €1,751 | -€70,191 | -€12,005 | -€100,020 | ▼ 733% |
| Profit (loss) for the period to be appropriated9905 | -€10,467 | €1,751 | -€70,191 | -€12,005 | -€100,020 | ▼ 733% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.3m | €1.4m | €1.4m | ▼ 1.7% |
| Fixed assets21/28 | €1.0m | €0.8m | €0.7m | €0.7m | €0.9m | ▲ 21.0% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €0.9m | ▲ 21.1% |
| Land and buildings22 | €0.5m | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 39.5% |
| Plant, machinery and equipment23 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 17.1% |
| Furniture and vehicles24 | €0.02m | €0.01m | €0.007m | €0.002m | €45 | ▼ 97.7% |
| Financial fixed assets28 | €0.2m | €0.001m | €0.001m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.4m | €0.6m | €0.6m | €0.7m | €0.5m | ▼ 24.3% |
| Amounts receivable after more than one year29 | - | - | - | €0.2m | €0.2m | = |
| Other amounts receivable291 | - | - | - | €0.2m | €0.2m | = |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.7% |
| Stocks30/36 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.7% |
| Amounts receivable within one year40/41 | €0.06m | €0.3m | €0.3m | €0.3m | €0.04m | ▼ 86.7% |
| Trade receivables40 | €0.03m | €0.009m | €0.02m | €0.3m | €0.001m | ▼ 99.5% |
| Other amounts receivable41 | €0.03m | €0.3m | €0.3m | €0.04m | €0.04m | ▼ 10.7% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.05m | €0.1m | ▲ 183% |
| Deferred charges and accrued income490/1 | €0.003m | €0.006m | €0.005m | €0.005m | €0.004m | ▼ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.3m | €1.4m | €1.4m | ▼ 1.7% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 8.0% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.04m | €0.05m | €0.05m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | €0.01m | €0.01m | €0.01m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €1.0m | €1.0m | €0.9m | €0.4m | €0.3m | ▼ 25.4% |
| Amounts payable17/49 | €0.01m | €0.05m | €0.05m | €0.2m | €0.2m | ▲ 46.3% |
| Amounts payable after more than one year17 | €0.002m | €0.002m | - | €0.04m | €0.09m | ▲ 166% |
| Financial debts170/4 | - | - | - | €0.04m | €0.09m | ▲ 166% |
| Other amounts payable178/9 | €0.002m | €0.002m | - | - | - | - |
| Amounts payable within one year42/48 | €0.009m | €0.05m | €0.05m | €0.1m | €0.1m | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | = |
| Trade debts44 | €0.001m | €0.004m | €0.01m | €0.03m | €0.01m | ▼ 51.8% |
| Suppliers440/4 | €0.001m | €0.004m | €0.01m | €0.03m | €0.01m | ▼ 51.8% |
| Taxes, remuneration and social security45 | €0.004m | €0.001m | €0.003m | €0.005m | €0.002m | ▼ 63.9% |
| Taxes450/3 | €0.003m | €0.001m | €0.002m | €0.003m | €212 | ▼ 93.9% |
| Remuneration and social security454/9 | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | ▼ 6.7% |
| Other amounts payable47/48 | €0.004m | €0.05m | €0.04m | €0.08m | €0.1m | ▲ 42.6% |
| Accrued charges and deferred income492/3 | €144 | - | - | €420 | €193 | ▼ 54.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,467 | €1,751 | -€70,191 | -€12,005 | -€100,020 | ▼ 733% |
| + Depreciation and write-downs630 | €54,895 | €57,178 | €71,639 | €73,067 | €77,192 | ▲ 5.6% |
| Operating cash flow (approximation) | €44,428 | €58,930 | €1,447 | €61,062 | -€22,828 | ▼ 137% |
| Investment in fixed assets (approximation) | - | €128,629 | -€13,931 | -€60,771 | -€226,451 | ▼ 273% |
| Change in cash | - | €79,708 | -€19,069 | -€120,483 | €93,456 | ▲ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
DEBATRA
BE 0416.022.805
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Möbelhaus Zimmermann
BE 0417.603.608
Baelen · Eq €1,125,324
RIGO PROPERTY GROUP
BE 0467.139.825
Ukkel · Eq €1,122,817
BLONDUYN
BE 0438.195.619
Beernem · Eq €1,199,590
CHATEAU PRAYON
BE 0437.082.295
Trooz · Eq €1,200,365
Of 679 companies in this sector we hold annual accounts for 532. 366 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 23-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€100,020
Net result drops to -€100,020, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €1,751
Net result €1,751 after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 42.87
Current ratio from 17.10 to 42.87; short-term debt falls from €21,261 to €8,959.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 368 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Public limited company · founded 29-06-1990Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPublic limited company
Founded29-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
55203Holiday cottages, homes and apartments
55100Hotels and similar accommodation
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
info@bsm-nv.comJette
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441346139
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Jette · 2 establishment units since 1990
Ground area
293 m²
Building footprint
198 m²
Volume, LiDAR
2,185 m³
2 parcels, Brussels · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Vanderborghtstraat 130, 1090 Jette
since 1990unit no. 2.052.871.475
Segherslaan 114, 1081 Koekelberg
since 2019unit no. 2.350.219.334
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0036/00E007 | Brussels | 191 m² | 1 · 108 m² | 17.1 m · 4 fl. |
| 21492B0083/00Z009 | Brussels | 102 m² | 1 · 90 m² | 15.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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