BISAM
ActiveSummary
The computed 12-month bankruptcy probability of BISAM is 2.8% (moderate). The 2025 annual accounts show equity of €25,466 and a net result of €10,652. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 28281 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-6
Solvency56▼-10
Growth32=
Track record92
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.68 in 2024; short-term debt: 69.2% and cash: 7.1% of total assets), and 69.2% of the assets are financed with debt.
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Signals
Seven 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
30.8%
Return on assets
12.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
41 d early
2024
40 d early
2023
33 d early
2022
38 d early
2021
9 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10,652▼ 6.0%
2024 · €11,331
Working capital
€25,163▼ 2.7%
2024 · €25,874
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€40,583-€25,938▼ 36.1%€14,283▼ 44.9%€19,272▲ 34.9%€18,312▼ 5.0%
Net result€30,270within the sector's middle half-€18,136within the sector's middle half▼ 40.1%€7,842within the sector's middle half▼ 56.8%€11,331within the sector's middle half▲ 44.5%€10,652within the sector's middle half▼ 6.0%
Equity€35,270below the sector's middle half-€53,406within the sector's middle half▲ 51.4%€61,248within the sector's middle half▲ 14.7%€26,578within the sector's middle half▼ 56.6%€25,466within the sector's middle half▼ 4.2%
Total assets€99,268below the sector's middle half-€94,695within the sector's middle half▼ 4.6%€105,784within the sector's middle half▲ 11.7%€64,476below the sector's middle half▼ 39.0%€82,694within the sector's middle half▲ 28.3%
Debt€63,998-€41,290▼ 35.5%€44,537▲ 7.9%€37,898▼ 14.9%€57,228▲ 51.0%
Working capital€27,588within the sector's middle half-€52,870within the sector's middle half▲ 91.6%€60,930within the sector's middle half▲ 15.2%€25,874within the sector's middle half▼ 57.5%€25,163within the sector's middle half▼ 2.7%
Solvency35.5%within the sector's middle half-56.4%within the sector's middle half▲ 20.9pp57.9%within the sector's middle half▲ 1.5pp41.2%within the sector's middle half▼ 16.7pp30.8%within the sector's middle half▼ 10.4pp
Current ratio1.43within the sector's middle half-2.28within the sector's middle half▲ 0.852.37within the sector's middle half▲ 0.091.68within the sector's middle half▼ 0.691.44within the sector's middle half▼ 0.24
Return on assets (ROA)30.5%above the sector's middle half-19.2%above the sector's middle half▼ 11.3pp7.4%within the sector's middle half▼ 11.7pp17.6%above the sector's middle half▲ 10.2pp12.9%within the sector's middle half▼ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,694
Fixed assets
€302 ▼ 57.1%
Current assets
€82,391 ▲ 29.2%
Equity and liabilities €82,694
Equity
€25,466 ▼ 4.2%
Debt
€57,228 ▲ 51.0%
Debt's share of the balance-sheet total rises from 58.8% to 69.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,714▼
2024 · €19,793
Cash flow
€11,054▼
2024 · €11,851
Debt to equity
2.25▲
2024 · 1.43
ROE
41.8%▼
2024 · 42.6%
Interest coverage
15.95▲
2024 · 15.83
Debt ≤ 1 year
€57,228▲
2024 · €37,898
Income taxes
€6,494▼
2024 · €6,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | €2,318 | €118 | €218 | €521 | €402 | ▼ 22.7% |
| Other operating charges640/8 | €78 | €4,345 | €10,109 | €10,381 | €10,304 | ▼ 0.7% |
| Non-recurring operating charges66A | - | €7,682 | - | - | - | - |
| Gross operating margin9900 | €42,979 | €38,083 | €24,610 | €30,174 | €29,018 | ▼ 3.8% |
| Operating profit (loss)9901 | €40,583 | €25,938 | €14,283 | €19,272 | €18,312 | ▼ 5.0% |
| Financial income75/76B | €2 | €16 | €10 | €7 | €8 | ▲ 10.3% |
| Recurring financial income75 | €2 | €16 | €10 | €7 | €8 | ▲ 10.3% |
| Financial charges65/66B | €215 | €1,156 | €1,200 | €1,250 | €1,174 | ▼ 6.1% |
| Recurring financial charges65 | €215 | €1,156 | €1,200 | €1,250 | €1,174 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €40,371 | €24,798 | €13,094 | €18,030 | €17,146 | ▼ 4.9% |
| Income taxes67/77 | €10,100 | €6,662 | €5,252 | €6,699 | €6,494 | ▼ 3.1% |
| Profit (loss) for the period9904 | €30,270 | €18,136 | €7,842 | €11,331 | €10,652 | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €30,270 | €18,136 | €7,842 | €11,331 | €10,652 | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,268 | €94,695 | €105,784 | €64,476 | €82,694 | ▲ 28.3% |
| Fixed assets21/28 | €7,682 | €536 | €318 | €705 | €302 | ▼ 57.1% |
| Tangible fixed assets22/27 | €7,682 | €536 | €318 | €705 | €302 | ▼ 57.1% |
| Plant, machinery and equipment23 | - | €536 | €318 | €100 | - | - |
| Furniture and vehicles24 | €7,682 | - | - | €605 | €302 | ▼ 50.0% |
| Current assets29/58 | €91,586 | €94,159 | €105,466 | €63,771 | €82,391 | ▲ 29.2% |
| Amounts receivable within one year40/41 | €75,374 | €76,311 | €92,447 | €53,992 | €76,004 | ▲ 40.8% |
| Trade receivables40 | €72,888 | €61,020 | €36,593 | €11,113 | €34,281 | ▲ 208% |
| Other amounts receivable41 | €2,486 | €15,291 | €55,854 | €42,880 | €41,722 | ▼ 2.7% |
| Cash at bank and in hand54/58 | €16,212 | €17,849 | €13,019 | €9,779 | €5,863 | ▼ 40.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €525 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,268 | €94,695 | €105,784 | €64,476 | €82,694 | ▲ 28.3% |
| Equity10/15 | €35,270 | €53,406 | €61,248 | €26,578 | €25,466 | ▼ 4.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | - | - | - | - | - |
| Issued capital100 | €5,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €30,270 | €48,406 | €56,248 | €21,578 | €20,466 | ▼ 5.2% |
| Amounts payable17/49 | €63,998 | €41,290 | €44,537 | €37,898 | €57,228 | ▲ 51.0% |
| Amounts payable within one year42/48 | €63,998 | €41,290 | €44,537 | €37,898 | €57,228 | ▲ 51.0% |
| Financial debts43 | - | - | - | €5 | €51 | ▲ 962% |
| Credit institutions430/8 | - | - | - | €5 | €51 | ▲ 962% |
| Trade debts44 | €33,870 | €29,410 | €29,242 | €4,617 | €26,511 | ▲ 474% |
| Suppliers440/4 | €33,870 | €29,410 | €29,242 | €4,617 | €26,511 | ▲ 474% |
| Taxes, remuneration and social security45 | €30,128 | €11,880 | €15,294 | €33,276 | €30,666 | ▼ 7.8% |
| Taxes450/3 | €30,128 | €11,880 | €15,294 | €33,276 | €27,366 | ▼ 17.8% |
| Remuneration and social security454/9 | - | - | - | - | €3,300 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,270 | €18,136 | €7,842 | €11,331 | €10,652 | ▼ 6.0% |
| + Depreciation and write-downs630 | €2,318 | €118 | €218 | €521 | €402 | ▼ 22.7% |
| Operating cash flow (approximation) | €32,588 | €18,254 | €8,060 | €11,851 | €11,054 | ▼ 6.7% |
| Investment in fixed assets (approximation) | - | €7,028 | €0 | -€907 | €0 | ▲ 100% |
| Change in cash | - | €1,637 | -€4,830 | -€3,240 | -€3,916 | ▼ 20.9% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
KBO administration
Address struck
event 22-02-2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €7,842 ▼56.8%
Net result drops to €7,842, the lowest in the series; recovery starts the following year.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Braine-le-Château · 1 establishment unit since 2020
Ground area
2,065 m²
Building footprint
105 m²
Volume, LiDAR
803 m³
Parcel 25015D0328/00A000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BISAM
since 20202.303.659.037
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015D0328/00A000 | Wallonia | 2,065 m² | 1 · 105 m² | 12.0 m · 3 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 3,960 companies in sector 43331 we hold annual accounts for 1,787. 1,430 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
Founded12-03-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43331Floor and wall tiling
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
52250Logistics services
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745352849
Also
9925:BE0745352849
Registered
26-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.