BASMAG
ActiveSummary
BASMAG has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €364,530 and a net result of €95,954. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+3
Solvency100▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.99 against 1.26 in 2023; short-term debt: 17% and cash: 14.5% of total assets), and 17% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2024Solvency, return and age of the figures
Solvency
83%
Return on assets
21.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
36 d late
2022
13 d early
2021
18 d early
2020
31 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 company by equity in Villers-le-Bouillet, Professional and technical services sector
Equity
€364,530▲ 35.7%
2023 · €268,577
Total assets
€439,093▼ 3.1%
2023 · €453,316
Net result
€95,954▲ 10.8%
2023 · €86,580
Working capital
€148,564▲ 260%
2023 · €41,274
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
Line20202021202220232024
Operating result€57,466▲ 7.0%€39,947▼ 30.5%€57,946▲ 45.1%€135,963▲ 135%€145,254▲ 6.8%
Net result€36,570▼ 0.9%€24,266▼ 33.6%€36,223▲ 49.3%€86,580▲ 139%€95,954▲ 10.8%
Equity€176,285▲ 26.2%€200,551▲ 13.8%€242,974▲ 21.2%€268,577▲ 10.5%€364,530▲ 35.7%
Total assets€299,488▲ 19.7%€326,591▲ 9.0%€325,336▼ 0.4%€453,316▲ 39.3%€439,093▼ 3.1%
Debt€123,203▲ 11.4%€126,040▲ 2.3%€82,362▼ 34.7%€184,739▲ 124%€74,563▼ 59.6%
Working capital€51,702▲ 64.4%€61,358▲ 18.7%€61,660▲ 0.5%€41,274▼ 33.1%€148,564▲ 260%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €439,093
Fixed assets
€215,966 ▼ 13.7%
Current assets
€223,126 ▲ 10.0%
Equity and liabilities €439,093
Equity
€364,530 ▲ 35.7%
Debt
€74,563 ▼ 59.6%
Debt's share of the balance-sheet total falls from 40.8% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151,934▲
2023 · €148,681
Cash flow
€102,633▲
2023 · €99,298
Current ratio
2.99▲
2023 · 1.26
Debt to equity
0.20▼
2023 · 0.69
ROE
26.3%▼
2023 · 32.2%
ROA
21.9%▲
2023 · 19.1%
Interest coverage
92.84▲
2023 · 72.00
Debt ≤ 1 year
€74,563▼
2023 · €161,656
Income taxes
€49,400▲
2023 · €48,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,571 | €6,549 | €6,839 | €12,718 | €6,679 | ▼ 47.5% |
| Other operating charges640/8 | - | €912 | €794 | €1,856 | €1,100 | ▼ 40.7% |
| Non-recurring operating charges66A | - | - | - | - | €2,140 | - |
| Gross operating margin9900 | €65,805 | €47,408 | €65,579 | €150,537 | €155,174 | ▲ 3.1% |
| Operating profit (loss)9901 | €57,466 | €39,947 | €57,946 | €135,963 | €145,254 | ▲ 6.8% |
| Financial income75/76B | - | €20 | - | €982 | €1,736 | ▲ 76.8% |
| Recurring financial income75 | - | €20 | - | €982 | €1,736 | ▲ 76.8% |
| Financial charges65/66B | - | €345 | €272 | €2,065 | €1,637 | ▼ 20.8% |
| Recurring financial charges65 | €592 | €345 | €272 | €2,065 | €1,637 | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €56,874 | €39,622 | €57,674 | €134,880 | €145,353 | ▲ 7.8% |
| Income taxes67/77 | €20,304 | €15,356 | €21,451 | €48,300 | €49,400 | ▲ 2.3% |
| Profit (loss) for the period9904 | €36,570 | €24,266 | €36,223 | €86,580 | €95,954 | ▲ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €36,570 | €24,266 | €36,223 | €86,580 | €95,954 | ▲ 10.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €299,488 | €326,591 | €325,336 | €453,316 | €439,093 | ▼ 3.1% |
| Fixed assets21/28 | €206,061 | €199,926 | €213,114 | €250,386 | €215,966 | ▼ 13.7% |
| Tangible fixed assets22/27 | €26,036 | €19,901 | €15,089 | €35,861 | €1,441 | ▼ 96.0% |
| Furniture and vehicles24 | - | €19,901 | €15,089 | €35,861 | €1,441 | ▼ 96.0% |
| Financial fixed assets28 | €180,025 | €180,025 | €198,025 | €214,525 | €214,525 | = |
| Current assets29/58 | €93,427 | €126,665 | €112,222 | €202,930 | €223,126 | ▲ 10.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €22,438 | - |
| Other amounts receivable291 | - | - | - | - | €22,438 | - |
| Amounts receivable within one year40/41 | €25,680 | €24,288 | €53,057 | €66,066 | €92,028 | ▲ 39.3% |
| Trade receivables40 | - | €24,288 | €53,057 | €66,066 | €92,028 | ▲ 39.3% |
| Current investments50/53 | - | - | - | €7,000 | €43,292 | ▲ 518% |
| Cash at bank and in hand54/58 | €67,541 | €102,179 | €58,960 | €127,933 | €63,743 | ▼ 50.2% |
| Deferred charges and accrued income490/1 | - | €198 | €205 | €1,930 | €1,625 | ▼ 15.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €299,488 | €326,591 | €325,336 | €453,316 | €439,093 | ▼ 3.1% |
| Equity10/15 | €176,285 | €200,551 | €242,974 | €268,577 | €364,530 | ▲ 35.7% |
| Contributions10/11 | - | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €136,296 | €160,562 | €196,785 | €222,388 | €318,341 | ▲ 43.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €158,702 | €194,925 | €222,388 | €318,341 | ▲ 43.1% |
| Profit (loss) carried forward14 | €27,589 | €27,589 | €27,589 | €27,589 | €27,589 | = |
| Amounts payable17/49 | €123,203 | €126,040 | €82,362 | €184,739 | €74,563 | ▼ 59.6% |
| Amounts payable after more than one year17 | €81,478 | €60,733 | €31,800 | €23,058 | - | - |
| Financial debts170/4 | - | €60,733 | €31,800 | €23,058 | - | - |
| Amounts payable within one year42/48 | €41,725 | €65,307 | €50,562 | €161,656 | €74,563 | ▼ 53.9% |
| Current portion of amounts payable after more than one year42 | - | €8,745 | €733 | €5,929 | - | - |
| Financial debts43 | - | - | €911 | - | €96 | - |
| Credit institutions430/8 | - | - | €911 | - | €96 | - |
| Trade debts44 | €2,286 | €1,941 | €877 | €35,466 | €607 | ▼ 98.3% |
| Suppliers440/4 | - | €1,941 | €877 | €35,466 | €607 | ▼ 98.3% |
| Taxes, remuneration and social security45 | - | €53,813 | €47,648 | €86,370 | €65,790 | ▼ 23.8% |
| Taxes450/3 | - | €50,817 | €47,648 | €86,370 | €65,790 | ▼ 23.8% |
| Remuneration and social security454/9 | - | €2,996 | - | - | - | - |
| Other amounts payable47/48 | - | €808 | €393 | €33,891 | €8,070 | ▼ 76.2% |
| Accrued charges and deferred income492/3 | - | - | - | €25 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,570 | €24,266 | €36,223 | €86,580 | €95,954 | ▲ 10.8% |
| + Depreciation and write-downs630 | €5,571 | €6,549 | €6,839 | €12,718 | €6,679 | ▼ 47.5% |
| Operating cash flow (approximation) | €42,141 | €30,815 | €43,062 | €99,298 | €102,633 | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | -€414 | -€20,027 | -€49,990 | €27,740 | ▲ 155% |
| Change in cash | - | €34,638 | -€43,219 | €68,973 | -€64,190 | ▼ 193% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €95,954 ▲10.8%
Operating result €145,254, net result €95,954, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.99
Current ratio from 1.26 to 2.99; short-term debt falls from €161,656 to €74,563.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €24,266 ▼33.6%
Net result drops to €24,266, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €200,551 ▲13.8%
4 profitable years in a row build equity to €200,551.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €176,285 ▲26.2%
3 profitable years in a row build equity to €176,285.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.85 to 1.81.
Show earlier events
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
26-07
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.
0 of 6 acts read
About the unread acts
We know of 6 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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Directors · office · real estate
Directors
6 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, Villers-le-Bouillet · 2 establishment units since 2015
Ground area
3,462 m²
Building footprint
707 m²
Volume, LiDAR
3,471 m³
2 parcels, Flanders, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Rue des Technologies 1, 4530 Villers-le-Bouillet
since 20152.247.603.232
Clem. Vanophemstraat 100, 3090 Overijse
since 20162.252.643.272
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068A0494/00C000 | Wallonia | 2,491 m² | 1 · 553 m² | 5.8 m · 2 fl. |
| 23544C0009/00T002 | Flanders | 971 m² | 1 · 154 m² | 7.2 m · 2 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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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 4,730 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
Founded07-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0639997585
Registered
18-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.