B4M
ActiveSummary
B4M has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55,096 and a net result of -€13,857. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 4343 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-50
Solvency65▼-5
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 2.26 in 2023; short-term debt: 20.6% and cash: 34.7% of total assets), but 59.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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
40.5%
Return on assets
-10.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year -€13,857
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
30 d late
2023
55 d late
2022
62 d early
2021
22 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 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#10 company by equity in Fexhe-le-Haut-Clocher, Professional and technical services sector
Equity
€55,096▼ 20.1%
2023 · €68,952
Total assets
€136,151▼ 11.5%
2023 · €153,796
Net result
-€13,857▼ 759%
2023 · -€1,613
Working capital
€21,213▼ 37.9%
2023 · €34,148
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€4,594-€7,550€68▼ 99.1%-€12,239
Net result-€6,317below the sector's middle half-€5,882within the sector's middle half-€1,613below the sector's middle half-€13,857below the sector's middle half▼ 759%
Equity€64,683within the sector's middle half-€70,565within the sector's middle half▲ 9.1%€68,952within the sector's middle half▼ 2.3%€55,096within the sector's middle half▼ 20.1%
Total assets€142,146within the sector's middle half-€161,475within the sector's middle half▲ 13.6%€153,796within the sector's middle half▼ 4.8%€136,151within the sector's middle half▼ 11.5%
Debt€77,463-€90,910▲ 17.4%€84,844▼ 6.7%€81,055▼ 4.5%
Working capital€30,714-€34,150▲ 11.2%€34,148=€21,213▼ 37.9%
Solvency45.5%within the sector's middle half-43.7%within the sector's middle half▼ 1.8pp44.8%within the sector's middle half▲ 1.1pp40.5%within the sector's middle half▼ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €12,239 after €68 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,151
Fixed assets
€86,902 ▼ 6.1%
Current assets
€49,249 ▼ 19.6%
Equity and liabilities €136,151
Equity
€55,096 ▼ 20.1%
Debt
€81,055 ▼ 4.5%
Debt's share of the balance-sheet total rises from 55.2% to 59.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,871▼
2023 · €6,991
Cash flow
-€6,489▼
2023 · €5,309
Current ratio
1.76▼
2023 · 2.26
Debt to equity
1.47▲
2023 · 1.23
ROE
-25.1%▼
2023 · -2.3%
ROA
-10.2%▼
2023 · -1.0%
Interest coverage
-3.31▼
2023 · 4.59
Debt ≤ 1 year
€28,036▲
2023 · €27,130
Debt > 1 year
€53,019▼
2023 · €57,714
Income taxes
€147▼
2023 · €159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 3,595 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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,698 | €5,799 | €6,922 | €7,367 | ▲ 6.4% |
| Other operating charges640/8 | €3,477 | €3,011 | €2,491 | €3,655 | ▲ 46.7% |
| Gross operating margin9900 | €15,581 | €16,359 | €9,482 | -€1,216 | ▼ 113% |
| Operating profit (loss)9901 | -€4,594 | €7,550 | €68 | -€12,239 | ▼ 17,985% |
| Financial charges65/66B | €1,723 | €1,650 | €1,523 | €1,471 | ▼ 3.4% |
| Recurring financial charges65 | €1,723 | €1,650 | €1,523 | €1,471 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€6,317 | €5,900 | -€1,454 | -€13,710 | ▼ 843% |
| Income taxes67/77 | - | €19 | €159 | €147 | ▼ 7.6% |
| Profit (loss) for the period9904 | -€6,317 | €5,882 | -€1,613 | -€13,857 | ▼ 759% |
| Profit (loss) for the period to be appropriated9905 | -€6,317 | €5,882 | -€1,613 | -€13,857 | ▼ 759% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €142,146 | €161,475 | €153,796 | €136,151 | ▼ 11.5% |
| Fixed assets21/28 | €100,770 | €98,721 | €92,518 | €86,902 | ▼ 6.1% |
| Tangible fixed assets22/27 | €100,770 | €98,721 | €92,518 | €86,902 | ▼ 6.1% |
| Land and buildings22 | €95,960 | €91,965 | €87,970 | €83,975 | ▼ 4.5% |
| Furniture and vehicles24 | €4,809 | €6,756 | €4,548 | €2,928 | ▼ 35.6% |
| Current assets29/58 | €41,377 | €62,753 | €61,278 | €49,249 | ▼ 19.6% |
| Amounts receivable within one year40/41 | €2,805 | €1,437 | €555 | €2,016 | ▲ 263% |
| Trade receivables40 | €2,805 | €1,437 | - | - | - |
| Other amounts receivable41 | - | - | €555 | €2,016 | ▲ 263% |
| Cash at bank and in hand54/58 | €38,572 | €61,317 | €60,311 | €47,233 | ▼ 21.7% |
| Deferred charges and accrued income490/1 | - | - | €412 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €142,146 | €161,475 | €153,796 | €136,151 | ▼ 11.5% |
| Equity10/15 | €64,683 | €70,565 | €68,952 | €55,096 | ▼ 20.1% |
| Contributions10/11 | €71,000 | €71,000 | €71,000 | €71,000 | = |
| Profit (loss) carried forward14 | -€6,317 | -€435 | -€2,048 | -€15,904 | ▼ 677% |
| Amounts payable17/49 | €77,463 | €90,910 | €84,844 | €81,055 | ▼ 4.5% |
| Amounts payable after more than one year17 | €66,801 | €62,307 | €57,714 | €53,019 | ▼ 8.1% |
| Financial debts170/4 | €66,801 | €62,307 | €57,714 | €53,019 | ▼ 8.1% |
| Amounts payable within one year42/48 | €10,662 | €28,603 | €27,130 | €28,036 | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | €4,397 | €4,494 | €4,593 | €4,694 | ▲ 2.2% |
| Trade debts44 | €26 | €2,968 | €1,085 | €24 | ▼ 97.8% |
| Suppliers440/4 | €26 | €2,968 | €1,085 | €24 | ▼ 97.8% |
| Taxes, remuneration and social security45 | €303 | €2,448 | €436 | €390 | ▼ 10.6% |
| Taxes450/3 | €303 | €2,448 | €436 | €390 | ▼ 10.6% |
| Other amounts payable47/48 | €5,937 | €18,693 | €21,017 | €22,928 | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,317 | €5,882 | -€1,613 | -€13,857 | ▼ 759% |
| + Depreciation and write-downs630 | €16,698 | €5,799 | €6,922 | €7,367 | ▲ 6.4% |
| Operating cash flow (approximation) | €10,381 | €11,680 | €5,309 | -€6,489 | ▼ 222% |
| Investment in fixed assets (approximation) | - | -€3,751 | -€718 | -€1,752 | ▼ 144% |
| Change in cash | - | €22,744 | -€1,006 | -€13,078 | ▼ 1,201% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€13,857
Net result drops to -€13,857, the lowest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,882
Net result €5,882 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 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, Fexhe-le-Haut-Clocher · 1 establishment unit since 2020
Ground area
1,014 m²
Parcel 64025B0476/00T000, Wallonia. Linked by address, not a title deed.
1 establishment unit
B4M
since 20202.308.652.953
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64025B0476/00T000 | Wallonia | 1,014 m² | - | - |
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 4,561 companies in sector 74999 we hold annual accounts for 1,935. 1,546 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
Founded07-10-2020
Fiscal year end31-12
Trade name FR
Thanzi; Bella Natura
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755843103
Also
9925:BE0755843103
Registered
27-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.