B&S SOLUTION
ActiveSummary
The computed 12-month bankruptcy probability of B&S SOLUTION is 3.4% (moderate). The annual accounts of B&S SOLUTION for fiscal year 2024 show a net loss of 90% of the equity at the start of that year. The 2024 annual accounts show equity of €2,021 and a net result of -€19,152. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 36380 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-20
Solvency28▼-16
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 ample (current ratio 3.36 against 3.85 in 2023; short-term debt: 21.7% and cash: 52.8% of total assets), but 97.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
2.8%
Return on assets
-26.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
75 d late
2023
27 d late
2022
122 d late
2021
320 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 136 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€2,021▼ 90.5%
2023 · €21,173
Total assets
€72,227▼ 34.7%
2023 · €110,560
Net result
-€19,152
2023 · €1,044
Working capital
€36,958▼ 50.7%
2023 · €75,036
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€22,564-€2,318▼ 89.7%-€7,499-€17,241▼ 130%
Net result€17,558-€2,071▼ 88.2%€1,044▼ 49.6%-€19,152
Equity€18,058-€20,129▲ 11.5%€21,173▲ 5.2%€2,021▼ 90.5%
Total assets€41,605-€41,167▼ 1.1%€110,560▲ 169%€72,227▼ 34.7%
Debt€23,546-€21,038▼ 10.7%€89,386▲ 325%€70,206▼ 21.5%
Working capital€9,801-€9,752▼ 0.5%€75,036▲ 669%€36,958▼ 50.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,241 in 2024 against €7,499 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72,227
Fixed assets
€19,623 ▲ 114%
Current assets
€52,604 ▼ 48.1%
Equity and liabilities €72,227
Equity
€2,021 ▼ 90.5%
Debt
€70,206 ▼ 21.5%
Debt's share of the balance-sheet total rises from 80.8% to 97.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,997▼
2023 · -€1,548
Cash flow
-€10,908▼
2023 · €6,995
Current ratio
3.36▼
2023 · 3.85
Debt to equity
34.73▲
2023 · 4.22
ROE
-947.4%▼
2023 · 4.9%
ROA
-26.5%▼
2023 · 0.9%
Interest coverage
-3.22▼
2023 · -0.65
Debt ≤ 1 year
€15,646▼
2023 · €26,357
Debt > 1 year
€54,560▼
2023 · €63,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.7%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,058 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% | 1.6% |
| 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 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 646 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 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €369 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,212 | €5,770 | €5,951 | €8,244 | ▲ 38.5% |
| Other operating charges640/8 | €1,044 | €303 | €422 | €270 | ▼ 36.1% |
| Gross operating margin9900 | €30,819 | €8,391 | -€1,126 | -€8,726 | ▼ 675% |
| Operating profit (loss)9901 | €22,564 | €2,318 | -€7,499 | -€17,241 | ▼ 130% |
| Financial income75/76B | - | €1,161 | €15,177 | €886 | ▼ 94.2% |
| Recurring financial income75 | - | €1,161 | €2,000 | €330 | ▼ 83.5% |
| Non-recurring financial income76B | - | - | €13,177 | €556 | ▼ 95.8% |
| Financial charges65/66B | €616 | €564 | €2,369 | €2,797 | ▲ 18.1% |
| Recurring financial charges65 | €616 | €564 | €2,369 | €2,797 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €21,948 | €2,915 | €5,309 | -€19,152 | ▼ 461% |
| Income taxes67/77 | €4,390 | €844 | €4,265 | - | - |
| Profit (loss) for the period9904 | €17,558 | €2,071 | €1,044 | -€19,152 | ▼ 1,935% |
| Profit (loss) for the period to be appropriated9905 | €17,558 | €2,071 | €1,044 | -€19,152 | ▼ 1,935% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,605 | €41,167 | €110,560 | €72,227 | ▼ 34.7% |
| Fixed assets21/28 | €19,569 | €14,452 | €9,167 | €19,623 | ▲ 114% |
| Tangible fixed assets22/27 | €19,569 | €14,452 | €9,167 | €19,623 | ▲ 114% |
| Plant, machinery and equipment23 | - | - | €879 | €1,639 | ▲ 86.6% |
| Furniture and vehicles24 | €19,569 | €14,452 | €8,288 | €17,984 | ▲ 117% |
| Current assets29/58 | €22,036 | €26,715 | €101,393 | €52,604 | ▼ 48.1% |
| Amounts receivable within one year40/41 | €20,785 | €24,704 | €53,250 | €14,440 | ▼ 72.9% |
| Trade receivables40 | €6,541 | €809 | €9,402 | €6,691 | ▼ 28.8% |
| Other amounts receivable41 | €14,243 | €23,895 | €43,848 | €7,749 | ▼ 82.3% |
| Cash at bank and in hand54/58 | €1,251 | €2,012 | €48,142 | €38,165 | ▼ 20.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,605 | €41,167 | €110,560 | €72,227 | ▼ 34.7% |
| Equity10/15 | €18,058 | €20,129 | €21,173 | €2,021 | ▼ 90.5% |
| Contributions10/11 | €500 | €500 | €500 | €500 | = |
| Outside capital11 | €500 | - | - | - | - |
| Share premium1100/10 | €500 | - | - | - | - |
| Reserves13 | €17,558 | €19,629 | €20,673 | €20,673 | = |
| Non-distributable reserves130/1 | €50 | €50 | €50 | €50 | = |
| Reserves not available under the articles1311 | €50 | €50 | €50 | €50 | = |
| Distributable reserves133 | €17,508 | €19,579 | €20,623 | €20,623 | = |
| Profit (loss) carried forward14 | - | - | - | -€19,152 | - |
| Amounts payable17/49 | €23,546 | €21,038 | €89,386 | €70,206 | ▼ 21.5% |
| Amounts payable after more than one year17 | €11,312 | €4,074 | €63,030 | €54,560 | ▼ 13.4% |
| Financial debts170/4 | €11,312 | €4,074 | €63,030 | €54,560 | ▼ 13.4% |
| Amounts payable within one year42/48 | €12,234 | €16,963 | €26,357 | €15,646 | ▼ 40.6% |
| Current portion of amounts payable after more than one year42 | €7,845 | €7,790 | €12,149 | €8,470 | ▼ 30.3% |
| Trade debts44 | - | €3,939 | €11,797 | €5,610 | ▼ 52.4% |
| Suppliers440/4 | - | €3,939 | €11,797 | €5,610 | ▼ 52.4% |
| Taxes, remuneration and social security45 | €4,390 | €5,234 | €2,410 | €1,566 | ▼ 35.0% |
| Taxes450/3 | €4,390 | €5,234 | €2,410 | €1,566 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,558 | €2,071 | €1,044 | -€19,152 | ▼ 1,935% |
| + Depreciation and write-downs630 | €7,212 | €5,770 | €5,951 | €8,244 | ▲ 38.5% |
| Operating cash flow (approximation) | €24,770 | €7,841 | €6,995 | -€10,908 | ▼ 256% |
| Investment in fixed assets (approximation) | - | -€653 | -€666 | -€18,700 | ▼ 2,709% |
| Change in cash | - | €761 | €46,131 | -€9,978 | ▼ 122% |
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
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
31-12
Financial
Weakest financial yearnet -€19,152
Net result drops to -€19,152, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.85
Current ratio from 1.57 to 3.85.
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 320 days late
Financial milestoneNBB 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, Hasselt · 1 establishment unit since 2020
Ground area
852 m²
Building footprint
164 m²
Volume, LiDAR
548 m³
Parcel 71052C0041/00Y012, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Royal Logistics
since 20202.308.943.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71052C0041/00Y012 | Flanders | 852 m² | 1 · 164 m² | 6.0 m · 1 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.
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,232. 465 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
Founded26-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43310Plastering work
43320Joinery installation
43341Painting of buildings
43410Roofing work
49410Freight transport by road
Contact
E-mail
bayramali@live.be
Phone
0465/356007
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757468149
Also
9925:BE0757468149
Registered
01-02-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.