BC-CON
ActiveSummary
BC-CON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,504 and a net result of -€25,844. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 40% of 83 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-36
Solvency56▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.94 in 2024; short-term debt: 12% and cash: 1.4% of total assets), and 68.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% more bankruptcies
← 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 · 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 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
-5.3%
Age of the figures
20 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
19202122232425
2019 to 2025 · latest year -€25,844
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 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 · 10 filingsDeviation from the deadline
2026
not confirmed
2025
30 d late
2024
61 d late
2023
30 d late
2022
51 d late
2021
69 d late
2020
71 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 52 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€152,504▼ 14.5%
2024 · €178,347
Total assets
€486,831▼ 8.2%
2024 · €530,203
Net result
-€25,844▼ 2,188%
2024 · -€1,130
Working capital
-€38,081▼ 1,088%
2024 · -€3,206
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
Line20212022202320242025
Operating result€26,646=-€3,264€12,249€4,598▼ 62.5%-€16,691
Net result€15,969▼ 8.2%-€13,033€6,352-€1,130-€25,844▼ 2,188%
Equity€186,158▲ 9.4%€173,125▼ 7.0%€179,477▲ 3.7%€178,347▼ 0.6%€152,504▼ 14.5%
Total assets€569,771=€585,954▲ 2.8%€563,496▼ 3.8%€530,203▼ 5.9%€486,831▼ 8.2%
Debt€399,582=€412,829▲ 3.3%€384,019▼ 7.0%€351,855▼ 8.4%€334,328▼ 5.0%
Working capital€14,730€8,497▼ 42.3%€11,069▲ 30.3%-€3,206-€38,081▼ 1,088%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,691 after €4,598 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486,831
Fixed assets
€466,502 ▼ 1.8%
Current assets
€20,329 ▼ 63.0%
Equity and liabilities €486,831
Equity
€152,504 ▼ 14.5%
Debt
€334,328 ▼ 5.0%
Debt's share of the balance-sheet total rises from 66.4% to 68.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€269▼
2024 · €20,608
Cash flow
-€9,421▼
2024 · €14,880
Current ratio
0.35▼
2024 · 0.94
Debt to equity
2.19▲
2024 · 1.97
ROE
-16.9%▼
2024 · -0.6%
ROA
-5.3%▼
2024 · -0.2%
Interest coverage
-0.03▼
2024 · 3.57
Debt ≤ 1 year
€58,409▲
2024 · €58,173
Debt > 1 year
€275,918▼
2024 · €293,682
Income taxes
€469▼
2024 · €1,488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 8,594 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,734 | €14,827 | €14,832 | €16,009 | €16,423 | ▲ 2.6% |
| Other operating charges640/8 | - | €2,425 | €4,559 | €3,340 | €3,326 | ▼ 0.4% |
| Gross operating margin9900 | €42,106 | €13,988 | €31,640 | €23,948 | €3,057 | ▼ 87.2% |
| Operating profit (loss)9901 | €26,646 | -€3,264 | €12,249 | €4,598 | -€16,691 | ▼ 463% |
| Financial income75/76B | - | €1,490 | €1,203 | €1,531 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1,758 | €1,490 | €1,203 | €1,531 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €11,057 | €5,795 | €5,771 | €8,683 | ▲ 50.4% |
| Recurring financial charges65 | €3,494 | €11,057 | €5,795 | €5,771 | €8,683 | ▲ 50.4% |
| Profit (loss) for the period before taxes9903 | €22,788 | -€12,831 | €7,657 | €358 | -€25,374 | ▼ 7,188% |
| Income taxes67/77 | €6,820 | €202 | €1,305 | €1,488 | €469 | ▼ 68.4% |
| Profit (loss) for the period9904 | €15,969 | -€13,033 | €6,352 | -€1,130 | -€25,844 | ▼ 2,188% |
| Profit (loss) for the period to be appropriated9905 | €15,969 | -€13,033 | €6,352 | -€1,130 | -€25,844 | ▼ 2,188% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €569,771 | €585,954 | €563,496 | €530,203 | €486,831 | ▼ 8.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €523,710 | €493,370 | €479,901 | €475,235 | €466,502 | ▼ 1.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €522,856 | €492,294 | €478,825 | €474,109 | €465,376 | ▼ 1.8% |
| Land and buildings22 | - | €491,577 | €477,109 | €473,024 | €464,564 | ▼ 1.8% |
| Furniture and vehicles24 | - | €717 | €1,716 | €1,085 | €812 | ▼ 25.1% |
| Financial fixed assets28 | €1,076 | €1,076 | €1,076 | €1,126 | €1,126 | = |
| Current assets29/58 | €57,944 | €92,583 | €83,596 | €54,967 | €20,329 | ▼ 63.0% |
| Amounts receivable after more than one year29 | - | €24,321 | €45,823 | €21,462 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €24,321 | €45,823 | €21,462 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €43,548 | €38,981 | €29,251 | €25,994 | €9,458 | ▼ 63.6% |
| Trade receivables40 | - | €25,398 | €29,128 | €25,994 | €7,045 | ▼ 72.9% |
| Other amounts receivable41 | - | €13,583 | €123 | €0 | €2,413 | - |
| Current investments50/53 | €10 | €10 | €10 | €10 | €10 | = |
| Cash at bank and in hand54/58 | €13,922 | €27,218 | €6,175 | €2,971 | €6,868 | ▲ 131% |
| Deferred charges and accrued income490/1 | - | €2,054 | €2,337 | €4,531 | €3,994 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €569,771 | €585,954 | €563,496 | €530,203 | €486,831 | ▼ 8.2% |
| Equity10/15 | €186,158 | €173,125 | €179,477 | €178,347 | €152,504 | ▼ 14.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €173,758 | €160,725 | €167,077 | €165,947 | €140,104 | ▼ 15.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €2,050 | €2,050 | €2,050 | €2,050 | = |
| Distributable reserves133 | - | €156,815 | €163,167 | €162,037 | €136,193 | ▼ 15.9% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €399,582 | €412,829 | €384,019 | €351,855 | €334,328 | ▼ 5.0% |
| Amounts payable after more than one year17 | €357,550 | €328,743 | €311,493 | €293,682 | €275,918 | ▼ 6.0% |
| Financial debts170/4 | - | €328,743 | €311,493 | €293,682 | €275,918 | ▼ 6.0% |
| Amounts payable within one year42/48 | €43,214 | €84,086 | €72,527 | €58,173 | €58,409 | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | €16,998 | €17,250 | €17,505 | €17,764 | ▲ 1.5% |
| Financial debts43 | - | - | - | €28 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €28 | €0 | ▼ 100% |
| Trade debts44 | €7,982 | €59,788 | €9,196 | €4,128 | €7,077 | ▲ 71.4% |
| Suppliers440/4 | - | €59,788 | €9,196 | €4,128 | €7,077 | ▲ 71.4% |
| Taxes, remuneration and social security45 | - | €3,025 | €2,930 | €4,158 | €2,099 | ▼ 49.5% |
| Taxes450/3 | - | €3,025 | €2,930 | €4,158 | €2,099 | ▼ 49.5% |
| Other amounts payable47/48 | - | €4,275 | €43,150 | €32,354 | €31,470 | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,969 | -€13,033 | €6,352 | -€1,130 | -€25,844 | ▼ 2,188% |
| + Depreciation and write-downs630 | €15,734 | €14,827 | €14,832 | €16,009 | €16,423 | ▲ 2.6% |
| Operating cash flow (approximation) | €31,703 | €1,794 | €21,185 | €14,880 | -€9,421 | ▼ 163% |
| Investment in fixed assets (approximation) | - | €15,513 | -€1,363 | -€11,344 | -€7,690 | ▲ 32.2% |
| Change in cash | - | €13,296 | -€21,043 | -€3,204 | €3,897 | ▲ 222% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
31-01
Financial
Weakest financial yearnet -€25,844
Net result drops to -€25,844, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-01
Financial
Back to profitnet €6,352
Net result €6,352 after one loss-making year.
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 51 days late
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 69 days late
31-01
Financial
Liquidity triplescurrent ratio 1.34
Current ratio from 0.45 to 1.34; short-term debt falls from €112,787 to €43,214.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 71 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 61 days late
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pittem · 1 establishment unit since 2002
Ground area
747 m²
Building footprint
101 m²
Volume, LiDAR
595 m³
Parcel 37003B0831/00H002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenakker 85, 8740 Pittem
since 20022.094.794.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003B0831/00H002 | Flanders | 747 m² | 1 · 101 m² | 9.0 m · 2 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 165 companies in sector 24200 we hold annual accounts for 95. 62 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
Founded10-04-2002
Fiscal year end31-01
Activities, NACEBEL 2025
24200Manufacture of basic metals
25110Manufacture of metal structures and parts of structures
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477300376
Also
9925:BE0477300376
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.