B.S.W.
ActiveThe computed 12-month bankruptcy probability of B.S.W. is 6.2% (elevated). The 2025 annual accounts show equity of €384k and a net result of €-120k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 85% of 13306 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency97▲+27
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity ample (current ratio 2.26 against 1.56 in 2024; short-term debt: 27.5% and cash: 6.8% of total assets), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 €-120k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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 · 10 filingsDeviation from the deadline
2025
47 d late
2024
55 d late
2023
91 d late
2022
182 d late
2021
30 d late
2020
104 d late
2019
151 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-120k▲ 35.0%
2024 · €-184k
2018: €137k
2019: €121k
2020: €-2k
2021: €149k
2022: €76k
2023: €-76k
2024: €-184k
2018 → 2025
Working capital
€184k▼ 40.7%
2024 · €310k
2018: €295k
2019: €362k
2020: €403k
2021: €585k
2022: €585k
2023: €449k
2024: €310k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€692k-€760k▲ 9.9%€684k▼ 10.1%€500k▼ 26.9%€384k▼ 23.2%
Operating result€183k-€108k▼ 40.9%€-76k€-180k▼ 138%€-108k▲ 40.0%
Net result€149k-€76k▼ 49.1%€-76k€-184k▼ 140%€-120k▲ 35.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €108k in 2025 against €180k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €530k
Fixed assets
€200k▼ 17.9%
Current assets
€330k▼ 61.7%
Equity and liabilities €530k
Equity
€384k▼ 23.2%
Debt
€146k▼ 75.9%
The debt ratio falls from 54.8% to 27.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-51k▲
2024 · €-129k
Cash flow
€-63k▲
2024 · €-133k
Solvency
72.5%▲
2024 · 45.2%
Current ratio
2.26▲
2024 · 1.56
Quick ratio
2.25▲
2024 · 1.55
Debt / equity
0.38▼
2024 · 1.21
ROE
-31.1%▲
2024 · -36.8%
ROA
-22.5%▼
2024 · -16.6%
Interest coverage
-5.36▲
2024 · -9.02
Debt
€146k▼
2024 · €605k
Debt ≤ 1 year
€146k▼
2024 · €551k
Income taxes
€2k▲
2024 · €-10k
Staff costs
€318k▼
2024 · €538k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€530k▼
Fixed assets21/28€244k€200k▼
Intangible fixed assets21€1k€8k▲
Tangible fixed assets22/27€163k€113k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€64k€41k▼
Other tangible fixed assets26€92k€69k▼
Assets under construction and advance payments27€2k-
Financial fixed assets28€80k€80k=
Current assets29/58€861k€330k▼
Stocks and contracts in progress3€5k€2k▼
Stocks30/36€5k€2k▼
Amounts receivable within one year40/41€807k€282k▼
Trade receivables40€249k€57k▼
Other amounts receivable41€558k€226k▼
Cash at bank and in hand54/58€31k€36k▲
Deferred charges and accrued income490/1€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.11M€530k▼
Equity10/15€500k€384k▼
Contributions10/11€8k€8k=
Outside capital11€8k-
Share premium1100/10€8k-
Reserves13€413k€373k▼
Distributable reserves133€413k€373k▼
Profit (loss) carried forward14€80k-
Investment grants15-€4k
Amounts payable17/49€605k€146k▼
Amounts payable after more than one year17€18k-
Financial debts170/4€18k-
Amounts payable within one year42/48€551k€146k▼
Current portion of amounts payable after more than one year42€22k€19k▼
Trade debts44€353k€85k▼
Suppliers440/4€353k€85k▼
Taxes, remuneration and social security45€166k€37k▼
Taxes450/3€23k€454▼
Remuneration and social security454/9€142k€37k▼
Other amounts payable47/48€11k€4k▼
Accrued charges and deferred income492/3€36k-
Income statement
Code20242025
Non-recurring operating income76A€4k€85k▲
Remuneration, social security and pensions62€538k€318k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€57k▲
Other operating charges640/8€115k€242k▲
Non-recurring operating charges66A€15k-
Gross operating margin9900€538k€509k▼
Operating profit (loss)9901€-180k€-108k▲
Financial income75/76B€12€215▲
Recurring financial income75€12€215▲
Financial charges65/66B€14k€10k▼
Recurring financial charges65€14k€10k▼
Profit (loss) for the period before taxes9903€-194k€-117k▲
Income taxes67/77€-10k€2k▲
Profit (loss) for the period9904€-184k€-120k▲
Profit (loss) for the period to be appropriated9905€-184k€-120k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€-40k▼
Profit (loss) brought forward from the previous period14P€264k€80k▼
Transfer from equity791/2-€40k
Social balance
Average headcount (FTE)908712.6-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet €-184k
Net result drops to €-184k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 91 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 182 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €149k
Net result €149k after one loss-making year.
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 104 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 7.26
Current ratio from 3.47 to 7.26; short-term debt falls from €146k to €64k.
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 151 days late
2019
31-12
Financial
Equity above €500kEq €551k ▲24.6%
2 profitable years in a row build equity to €551k.
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Brussel · 5 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kiekenmarkt 411000 BrusselGround area
4.5 ha
Building footprint
3.9 ha
Volume, LiDAR
620,129 m³
5 parcels, Brussels, Flanders · tallest building 34.0 m, ±8 floors. Linked by address, not a title deed.
5 establishment units
Bia Mara
since 20122.213.199.312
Bia Maria
since 20172.267.852.773
.
since 20202.310.490.411
Gare Maritime
since 20212.323.911.647
Bsw bureau
since 20232.344.563.244
5 parcels
Flanders
1
(20%)
Brussels
4
(80%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 fl. |
| 11002A1344/00_000 | Flanders | 114 m² | 1 · 100 m² | 18.4 m · 5 fl. |
| 21009A0873/00K012 | Brussels | 82 m² | 1 · 78 m² | 15.5 m · 4 fl. |
| 21812N0458/00A000 | Brussels | 72 m² | 1 · 70 m² | 16.6 m · 3 fl. |
| 21004A0279/00E000 | Brussels | 70 m² | 1 · 61 m² | 27.2 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.213.199.312
Similar companies · same sector, comparable size
CASAMI
BE 0835.823.165
Koksijde · Eq €384k
NEWTON22
BE 0788.778.066
Lier · Eq €384k
CAPRICE LATIN
BE 0430.512.526
Bastogne · Eq €384k
MELIS EVENTS
BE 0453.966.829
Dessel · Eq €383k
Les Comptoirs du Boeuf
BE 0872.427.106
Elsene · Eq €383k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 5,126 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2012
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.