BCMG
ActiveSummary
BCMG has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,070 and a net result of -€1,231. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▼-4
Solvency26=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.24 against 1.37 in 2023; short-term debt: 78.3% and cash: 1.7% of total assets), and 99.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
0.6%
Return on assets
-0.1%
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 16% of 9722 sector peers (2024).
NBB · sector comparisonPosition among 9722 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
99 d late
2023
83 d late
2022
56 d late
2021
31 d late
2020
61 d late
2019
55 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 64 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€12,070▼ 9.3%
2023 · €13,301
Total assets
€1.9m▲ 42.0%
2023 · €1.3m
Net result
-€1,231
2023 · €7,719
Working capital
€350,267▲ 2.2%
2023 · €342,670
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20202021202220232024
Operating result€56,209€58,344▲ 3.8%-€13,354€38,643€64,226▲ 66.2%
Net result€16,241within the sector's middle half€23,586within the sector's middle half▲ 45.2%-€18,188below the sector's middle half€7,719within the sector's middle half-€1,231within the sector's middle half
Equity€184below the sector's middle half€23,770within the sector's middle half▲ 12,817%€5,582below the sector's middle half▼ 76.5%€13,301below the sector's middle half▲ 138%€12,070below the sector's middle half▼ 9.3%
Total assets€1.1mabove the sector's middle half▼ 8.6%€738,479within the sector's middle half▼ 31.2%€886,126within the sector's middle half▲ 20.0%€1.3mwithin the sector's middle half▲ 50.4%€1.9mwithin the sector's middle half▲ 42.0%
Debt€1.1m▼ 9.9%€714,708▼ 33.4%€880,544▲ 23.2%€1.3m▲ 49.9%€1.9m▲ 42.5%
Working capital€779,110▼ 0.6%€616,744▼ 20.8%€351,373▼ 43.0%€342,670▼ 2.5%€350,267▲ 2.2%
Solvency0.0%below the sector's middle half▲ 1.4pp3.2%below the sector's middle half▲ 3.2pp0.6%below the sector's middle half▼ 2.6pp1.0%below the sector's middle half▲ 0.4pp0.6%below the sector's middle half▼ 0.4pp
Staff (FTE)1.8within the sector's middle half▲ 80.0%2.8▲ 55.6%2.8within the sector's middle half=2.8above the sector's middle half=2.8above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 66% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€60,925 ▼ 12.7%
Current assets
€1.8m ▲ 45.0%
Equity and liabilities €1.9m
Equity
€12,070 ▼ 9.3%
Debt
€1.9m ▲ 42.5%
Debt's share of the balance-sheet total rises from 99.0% to 99.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77,205▲
2023 · €46,908
Cash flow
€11,749▼
2023 · €15,984
Current ratio
1.24▼
2023 · 1.37
Quick ratio
0.19▼
2023 · 0.59
ROE
-10.2%▼
2023 · 58.0%
ROA
-0.1%▼
2023 · 0.6%
Interest coverage
1.18▼
2023 · 1.51
Debt ≤ 1 year
€1.5m▲
2023 · €920,706
Debt > 1 year
€376,860=
2023 · €376,860
Staff costs
€150,156▲
2023 · €124,167
A ratio outside any meaningful range has been withheld (balance sheet total €1.9m, equity €12,070).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 849 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €17,462 | - | - |
| Remuneration, social security and pensions62 | - | €122,787 | €111,889 | €124,167 | €150,156 | ▲ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,066 | €3,564 | €3,798 | €8,265 | €12,979 | ▲ 57.0% |
| Other operating charges640/8 | - | €237 | €10,546 | €1,986 | €2,866 | ▲ 44.3% |
| Gross operating margin9900 | €160,977 | €184,932 | €112,878 | €173,061 | €230,228 | ▲ 33.0% |
| Operating profit (loss)9901 | €56,209 | €58,344 | -€13,354 | €38,643 | €64,226 | ▲ 66.2% |
| Financial income75/76B | - | €396 | €1 | €84 | €93 | ▲ 10.5% |
| Recurring financial income75 | €313 | €396 | €1 | €84 | €93 | ▲ 10.5% |
| Financial charges65/66B | - | €31,326 | €4,835 | €31,008 | €65,549 | ▲ 111% |
| Recurring financial charges65 | €40,281 | €31,326 | €4,835 | €31,008 | €65,549 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €16,241 | €27,414 | -€18,188 | €7,719 | -€1,231 | ▼ 116% |
| Income taxes67/77 | - | €3,828 | - | - | - | - |
| Profit (loss) for the period9904 | €16,241 | €23,586 | -€18,188 | €7,719 | -€1,231 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | €16,241 | €23,586 | -€18,188 | €7,719 | -€1,231 | ▼ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €738,479 | €886,126 | €1.3m | €1.9m | ▲ 42.0% |
| Fixed assets21/28 | €12,111 | €11,148 | €8,330 | €69,752 | €60,925 | ▼ 12.7% |
| Tangible fixed assets22/27 | €11,761 | €9,430 | €6,612 | €68,034 | €58,707 | ▼ 13.7% |
| Land and buildings22 | - | - | - | €37,993 | €33,949 | ▼ 10.6% |
| Plant, machinery and equipment23 | - | €7,957 | €5,538 | €29,606 | €24,649 | ▼ 16.7% |
| Furniture and vehicles24 | - | €1,246 | €1,074 | €436 | €109 | ▼ 75.0% |
| Other tangible fixed assets26 | - | €228 | - | - | - | - |
| Financial fixed assets28 | €350 | €1,718 | €1,718 | €1,718 | €2,218 | ▲ 29.1% |
| Current assets29/58 | €1.1m | €727,331 | €877,796 | €1.3m | €1.8m | ▲ 45.0% |
| Stocks and contracts in progress3 | €635,570 | €338,252 | €382,339 | €716,663 | €1.5m | ▲ 116% |
| Stocks30/36 | - | €338,252 | €382,339 | €716,663 | €1.5m | ▲ 116% |
| Amounts receivable within one year40/41 | €379,117 | €287,750 | €426,165 | €503,652 | €253,589 | ▼ 49.7% |
| Trade receivables40 | - | €55,045 | €40,770 | €44,524 | - | - |
| Other amounts receivable41 | - | €232,705 | €385,396 | €459,128 | €253,589 | ▼ 44.8% |
| Cash at bank and in hand54/58 | €46,697 | €101,329 | €69,292 | €43,061 | €31,674 | ▼ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €738,479 | €886,126 | €1.3m | €1.9m | ▲ 42.0% |
| Equity10/15 | €184 | €23,770 | €5,582 | €13,301 | €12,070 | ▼ 9.3% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Outside capital11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Other1109/19 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | - | - | - | €7,001 | €5,770 | ▼ 17.6% |
| Distributable reserves133 | - | - | - | €7,001 | €5,770 | ▼ 17.6% |
| Profit (loss) carried forward14 | -€6,116 | €17,470 | -€718 | - | - | - |
| Amounts payable17/49 | €1.1m | €714,708 | €880,544 | €1.3m | €1.9m | ▲ 42.5% |
| Amounts payable after more than one year17 | €742,886 | €581,860 | €331,860 | €376,860 | €376,860 | = |
| Other amounts payable178/9 | - | €581,860 | €331,860 | €376,860 | €376,860 | = |
| Amounts payable within one year42/48 | €282,275 | €110,587 | €526,423 | €920,706 | €1.5m | ▲ 60.9% |
| Financial debts43 | - | - | €385,955 | €712,409 | €925,809 | ▲ 30.0% |
| Credit institutions430/8 | - | - | €385,955 | €712,409 | €925,809 | ▲ 30.0% |
| Trade debts44 | €49,745 | €73,618 | €113,060 | €94,239 | €462,048 | ▲ 390% |
| Suppliers440/4 | - | €73,618 | €113,060 | €94,239 | €462,048 | ▲ 390% |
| Taxes, remuneration and social security45 | - | €27,888 | €18,627 | €29,260 | €10,132 | ▼ 65.4% |
| Taxes450/3 | - | €27,888 | €13,529 | €12,228 | €4,104 | ▼ 66.4% |
| Remuneration and social security454/9 | - | - | €5,098 | €17,032 | €6,028 | ▼ 64.6% |
| Other amounts payable47/48 | - | €9,081 | €8,780 | €84,798 | €83,882 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | €22,262 | €22,262 | €22,262 | €22,262 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,241 | €23,586 | -€18,188 | €7,719 | -€1,231 | ▼ 116% |
| + Depreciation and write-downs630 | €2,066 | €3,564 | €3,798 | €8,265 | €12,979 | ▲ 57.0% |
| Operating cash flow (approximation) | €18,307 | €27,150 | -€14,390 | €15,984 | €11,749 | ▼ 26.5% |
| Investment in fixed assets (approximation) | - | -€2,602 | -€980 | -€69,687 | -€4,152 | ▲ 94.0% |
| Change in cash | - | €54,632 | -€32,037 | -€26,231 | -€11,387 | ▲ 56.6% |
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
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 99 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
31-12
Financial
Back to profitnet €7,719
Net result €7,719 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €23,586 ▲45.2%
Net result €23,586, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €16,241
Net result €16,241 after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mechelen · 1 establishment unit since 2018
Ground area
890 m²
Building footprint
187 m²
Volume, LiDAR
1,237 m³
Parcel 12404G0323/00T002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BCMG
since 20182.282.626.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404G0323/00T002 | Flanders | 890 m² | 1 · 187 m² | 11.1 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
33.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,351 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 (pre-2019)
Founded26-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713886148
Also
9925:BE0713886148
Registered
10-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.