BDS
ActiveSummary
The computed 12-month bankruptcy probability of BDS is 2.0% (moderate). The 2025 annual accounts show equity of €19,736 and a net result of €4,235. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+18
Solvency88▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.12 in 2024; short-term debt: 33.2% and cash: 4.2% of total assets), and 36.5% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
63.5%
Return on assets
13.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
22 d late
2023
29 d late
2022
27 d late
2021
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,736▲ 27.3%
2024 · €15,501
Total assets
€31,088▼ 17.2%
2024 · €37,568
Net result
€4,235▲ 53.1%
2024 · €2,766
Working capital
-€9,030▲ 48.7%
2024 · -€17,603
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-€1,739--€1,486▲ 14.5%€3,161€4,897▲ 54.9%€5,297▲ 8.2%
Net result-€1,798--€1,486▲ 17.4%€1,019€2,766▲ 171%€4,235▲ 53.1%
Equity€13,202-€11,716▼ 11.3%€12,735▲ 8.7%€15,501▲ 21.7%€19,736▲ 27.3%
Total assets€45,202-€56,071▲ 24.0%€43,801▼ 21.9%€37,568▼ 14.2%€31,088▼ 17.2%
Debt€32,000-€44,355▲ 38.6%€31,066▼ 30.0%€22,067▼ 29.0%€11,351▼ 48.6%
Working capital-€24,661--€33,977▼ 37.8%-€25,802▲ 24.1%-€17,603▲ 31.8%-€9,030▲ 48.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,088
Fixed assets
€29,788 ▼ 15.4%
Current assets
€1,300 ▼ 45.2%
Equity and liabilities €31,088
Equity
€19,736 ▲ 27.3%
Debt
€11,351 ▼ 48.6%
Debt's share of the balance-sheet total falls from 58.7% to 36.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,705▲
2024 · €10,305
Cash flow
€9,643▲
2024 · €8,174
Current ratio
0.13▲
2024 · 0.12
Debt to equity
0.58▼
2024 · 1.42
ROE
21.5%▲
2024 · 17.8%
ROA
13.6%▲
2024 · 7.4%
Interest coverage
10.08▲
2024 · 4.84
Debt ≤ 1 year
€10,330▼
2024 · €19,975
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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: 2.0% 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 26,964 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 |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €1,294 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,269 | €4,798 | €5,408 | €5,408 | €5,408 | = |
| Other operating charges640/8 | €796 | €1,999 | €2,078 | €1,006 | €1,093 | ▲ 8.6% |
| Gross operating margin9900 | €2,326 | €5,310 | €10,648 | €11,311 | €11,798 | ▲ 4.3% |
| Operating profit (loss)9901 | -€1,739 | -€1,486 | €3,161 | €4,897 | €5,297 | ▲ 8.2% |
| Financial charges65/66B | €59 | - | €2,142 | €2,131 | €1,062 | ▼ 50.2% |
| Recurring financial charges65 | €59 | - | €2,142 | €2,131 | €1,062 | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | -€1,798 | -€1,486 | €1,019 | €2,766 | €4,235 | ▲ 53.1% |
| Profit (loss) for the period9904 | -€1,798 | -€1,486 | €1,019 | €2,766 | €4,235 | ▲ 53.1% |
| Profit (loss) for the period to be appropriated9905 | -€1,798 | -€1,486 | €1,019 | €2,766 | €4,235 | ▲ 53.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,202 | €56,071 | €43,801 | €37,568 | €31,088 | ▼ 17.2% |
| Fixed assets21/28 | €37,863 | €46,011 | €40,604 | €35,196 | €29,788 | ▼ 15.4% |
| Intangible fixed assets21 | €37,863 | €46,011 | €40,604 | €35,196 | €29,788 | ▼ 15.4% |
| Current assets29/58 | €7,339 | €10,059 | €3,198 | €2,372 | €1,300 | ▼ 45.2% |
| Amounts receivable within one year40/41 | €5,238 | €8,437 | €2,008 | - | - | - |
| Trade receivables40 | €4,380 | €6,002 | €109 | - | - | - |
| Other amounts receivable41 | €858 | €2,436 | €1,900 | - | - | - |
| Cash at bank and in hand54/58 | €2,101 | €1,622 | €1,189 | €2,372 | €1,300 | ▼ 45.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,202 | €56,071 | €43,801 | €37,568 | €31,088 | ▼ 17.2% |
| Equity10/15 | €13,202 | €11,716 | €12,735 | €15,501 | €19,736 | ▲ 27.3% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | - | - | - | €501 | €4,736 | ▲ 845% |
| Distributable reserves133 | - | - | - | €501 | €4,736 | ▲ 845% |
| Profit (loss) carried forward14 | -€1,798 | -€3,284 | -€2,265 | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €32,000 | €44,355 | €31,066 | €22,067 | €11,351 | ▼ 48.6% |
| Amounts payable within one year42/48 | €32,000 | €44,036 | €29,000 | €19,975 | €10,330 | ▼ 48.3% |
| Trade debts44 | - | €10,036 | - | €584 | €156 | ▼ 73.3% |
| Suppliers440/4 | - | €10,036 | - | €584 | €156 | ▼ 73.3% |
| Taxes, remuneration and social security45 | - | - | - | €391 | €674 | ▲ 72.4% |
| Taxes450/3 | - | - | - | €391 | €674 | ▲ 72.4% |
| Other amounts payable47/48 | €32,000 | €34,000 | €29,000 | €19,000 | €9,500 | ▼ 50.0% |
| Accrued charges and deferred income492/3 | - | €319 | €2,066 | €2,092 | €1,022 | ▼ 51.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,798 | -€1,486 | €1,019 | €2,766 | €4,235 | ▲ 53.1% |
| + Depreciation and write-downs630 | €3,269 | €4,798 | €5,408 | €5,408 | €5,408 | = |
| Operating cash flow (approximation) | €1,471 | €3,311 | €6,427 | €8,174 | €9,643 | ▲ 18.0% |
| Investment in fixed assets (approximation) | - | -€12,946 | €0 | €0 | €0 | - |
| Change in cash | - | -€479 | -€433 | €1,183 | -€1,072 | ▼ 191% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €4,235 ▲53.1%
Operating result €5,297, net result €4,235, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €1,019
Net result €1,019 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 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, Malle · 1 establishment unit since 2020
Ground area
1.2 ha
Building footprint
4,052 m²
Volume, LiDAR
24,812 m³
Parcel 11032D0024/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BDS
since 20202.302.225.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0024/00B000 | Flanders | 1.2 ha | 1 · 4,051 m² | 8.3 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.
Similar companies · same sector, comparable size
A.S. ADVICE
BE 0804.609.159
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Splintr Atelier
BE 0788.333.153
Kontich · Eq €19,748
SAGY
BE 1002.750.762
Brussel · Eq €19,724
B.C.S.
BE 0697.760.590
Lanaken · Eq €19,756
ATELJ
BE 0742.565.979
Ichtegem · Eq €19,717
Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 6,081 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
Founded27-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
62200Computer consultancy and computer facilities management
82990Other business support services
Contact
E-mail
info@bdsystems.net
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746530905
Registered
08-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.