BHS.MEDIA

Active

Private limited companyfounded 199333 yrs activeVoie du Belvédère 6, 4100 Seraing, BelgiumKBO/BCE: BE 0450.758.010

The computed 12-month bankruptcy probability of BHS.MEDIA is 1.7% (moderate). The 2025 annual accounts show equity of €993k and a net result of €-90k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 62% of 252 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

63 / 100

Healthy▼ -11 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-46

Solvency80▲+4

Growth52=

Stability100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €65k at 30 days acceptable

Liquidity ample (current ratio 1.66 against 1.28 in 2024), but 56.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

43.2%

Return on assets

-3.9%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

17 d early

2024

58 d early

2023

35 d early

2022

26 d early

2021

40 d early

2020

15 d early

2019

14 d early

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-90k

2024 · €100k

2018: €151k 2019: €75k 2020: €-85k 2021: €-240k 2022: €336k 2023: €120k 2024: €100k

2018 → 2025

Working capital

€624k▲ 127%

2024 · €275k

2018: €617k 2019: €545k 2020: €651k 2021: €224k 2022: €677k 2023: €576k 2024: €275k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€651k-€867k▲ 33.3%€986k▲ 13.6%€1.08M▲ 10.0%€993k▼ 8.4%

Operating result€-254k-€3k€209k▲ 7,663%€168k▼ 19.8%€-58k

Net result€-240k-€336k€120k▼ 64.3%€100k▼ 16.6%€-90k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €58k after €168k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.30M

31.6%

68.4%

Fixed assets €726k▼ 31.4%

Current assets €1.57M▲ 23.5%

Equity and liabilities €2.30M

43.2%

54.7%

Equity €993k▼ 8.4%

Provisions €48k▼ 7.1%

Debt €1.26M▲ 5.1%

The debt ratio rises from 51.3% to 54.7%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€239k▼

2024 · €438k

Cash flow

€208k▼

2024 · €370k

Solvency

43.2%▼

2024 · 46.5%

Current ratio

1.66▲

2024 · 1.28

Quick ratio

1.66▲

2024 · 1.28

Debt / equity

1.27▲

2024 · 1.10

ROE

-9.0%▼

2024 · 9.2%

ROA

-3.9%▼

2024 · 4.3%

Interest coverage

6.35▼

2024 · 23.07

Debt

€1.26M▲

2024 · €1.20M

Debt ≤ 1 year

€947k▼

2024 · €998k

Debt > 1 year

€308k▲

2024 · €136k

Income taxes

€8k▼

2024 · €64k

Staff costs

€1.58M▲

2024 · €1.33M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.33M€2.30M▼

Fixed assets21/28€1.06M€726k▼

Intangible fixed assets21€84k€89k▲

Tangible fixed assets22/27€638k€622k▼

Land and buildings22€9k€9k=

Plant, machinery and equipment23€147k€114k▼

Furniture and vehicles24€410k€426k▲

Other tangible fixed assets26€73k€72k▼

Financial fixed assets28€337k€15k▼

Current assets29/58€1.27M€1.57M▲

Amounts receivable within one year40/41€744k€914k▲

Trade receivables40€744k€799k▲

Other amounts receivable41€387€115k▲

Cash at bank and in hand54/58€479k€650k▲

Deferred charges and accrued income490/1€50k€7k▼

Equity and liabilities

Total equity and liabilities10/49€2.33M€2.30M▼

Equity10/15€1.08M€993k▼

Contributions10/11€27k€27k=

Reserves13€101k€94k▼

Tax-exempt reserves132€101k€94k▼

Profit (loss) carried forward14€934k€851k▼

Investment grants15€22k€20k▼

Provisions and deferred taxes16€52k€48k▼

Deferred taxes168€52k€48k▼

Amounts payable17/49€1.20M€1.26M▲

Amounts payable after more than one year17€136k€308k▲

Financial debts170/4€136k€308k▲

Amounts payable within one year42/48€998k€947k▼

Current portion of amounts payable after more than one year42€101k€124k▲

Trade debts44€441k€490k▲

Suppliers440/4€441k€490k▲

Taxes, remuneration and social security45€197k€167k▼

Taxes450/3€101k€77k▼

Remuneration and social security454/9€96k€90k▼

Other amounts payable47/48€258k€166k▼

Accrued charges and deferred income492/3€62k€895▼

Income statement Code20242025

Non-recurring operating income76A€10k-

Remuneration, social security and pensions62€1.33M€1.58M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270k€297k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€-11k▼

Other operating charges640/8€133k€160k▲

Non-recurring operating charges66A€23k€65k▲

Gross operating margin9900€1.93M€2.03M▲

Operating profit (loss)9901€168k€-58k▼

Financial income75/76B€12k€10k▼

Recurring financial income75€12k€10k▼

Financial charges65/66B€19k€38k▲

Recurring financial charges65€19k€38k▲

Profit (loss) for the period before taxes9903€161k€-85k▼

Transfer from deferred taxes780€4k€4k=

Income taxes67/77€64k€8k▼

Profit (loss) for the period9904€100k€-90k▼

Transfer from tax-exempt reserves789€7k€7k=

Profit (loss) for the period to be appropriated9905€107k€-82k▼

Appropriation of the result

Profit (loss) to be appropriated9906€934k€851k▼

Profit (loss) brought forward from the previous period14P€827k€934k▲

Social balance

Average headcount (FTE)908720.630.5▲

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

03-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Equity above €1MEq €1.08M ▲10%

3 profitable years in a row build equity to €1.08M.

26-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

05-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €336k

Net result €336k after 2 loss-making years.

21-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Weakest financial yearnet €-240k

Net result drops to €-240k, the lowest in the series; recovery starts the following year.

16-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

11-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

02-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

17-07

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.

Directors · office · real estate

Directors

9 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, Seraing · 4 establishment units since 1999

establishment All 4 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Voie du Belvédère 64100 Seraing

Ground area

3.3 ha

Building footprint

1.1 ha

Volume, LiDAR

73,140 m³

4 parcels, Brussels, Flanders, Wallonia · tallest building 33.2 m, ±2 floors. Linked by address, not a title deed.

4 establishment units

BHS.MEDIA

Voie du Belvédère 6, 4100 SeraingAir transport

since 19992.063.647.878

BHS.MEDIA

Mechelsesteenweg 203, 2830 WillebroekOther manufacturing not elsewhere classified

since 20102.193.619.960

BHS.MEDIA

Mechelsesteenweg 414, 1930 ZaventemOther manufacturing not elsewhere classified

since 20222.325.783.945

BHS.MEDIA SRL

Middelweg 134N, 1130 BrusselAdvertising agencies

since 20252.373.079.759

4 parcels

Flanders 2 (50%) Wallonia 1 (25%) Brussels 1 (25%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21821B0501/00E000	Brussels	1.3 ha	1 · 3,375 m²	33.2 m · 2 fl.
23057C0039/00L000	Flanders	1.1 ha	1 · 5,504 m²	9.3 m · 2 fl.
62357G0767/00E002	Wallonia	8,660 m²	1 · 2,090 m²	7.1 m · 2 fl.
12004B0311/00E002	Flanders	414 m²	1 · 112 m²	10.3 m · 2 fl.