BISSIM

Active

Public limited companyfounded 199431 yrs activeLivornostraat 15-13, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0453.791.536

Summary

BISSIM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-413k) and a net result of €-129k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 1095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability29▼-18

Solvency18=

Growth32=

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 3.52 against 0.84 in 2023; short-term debt: 4.2% and cash: 0.2% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

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

−lowers risk+raises risk

Higher-failure-rate region

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

KBO · registered office

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

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 2024

Solvency, return and age of the figures

Solvency

-7.2%

Return on assets

-2.3%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-413k

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 24-11-2025, 116 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

116 d late

2023

31 d late

2022

312 d late

2021

108 d late

2020

107 d late

2019

56 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, full schema

Turnover

€148k

EBIT margin

-23.2%

Net result

€-129k▲ 15.7%

2023 · €-153k

2018: €-1k 2019: €315 2020: €-40k 2021: €-105k 2022: €-40k 2023: €-153k

2018 → 2024

Working capital

€602k

2023 · €-26k

2018: €54k 2019: €-6k 2020: €-428k 2021: €-127k 2022: €245k 2023: €-26k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€148k

Equity€14k-€-91k€-131k▼ 44.5%€-284k▼ 117%€-413k▼ 45.4%

Operating result€-34k-€-92k▼ 168%€-30k▲ 67.8%€-34k▼ 16.1%€-23k▲ 33.4%

Net result€-40k-€-105k▼ 163%€-40k▲ 61.6%€-153k▼ 279%€-129k▲ 15.7%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €23k in 2024 against €34k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5.70M

85.3%

14.7%

Fixed assets €4.86M ▲ 20.0%

Current assets €841k ▲ 488%

Key figures and ratios

2024 value · change against 2023

EBITDA

€161k▲

2023 · €80k

Cash flow

€55k▲

2023 · €-39k

Solvency

-7.2%▼

2023 · -6.8%

Current ratio

3.52▲

2023 · 0.84

Debt to equity

-14.81▲

2023 · -15.77

ROA

-2.3%▲

2023 · -3.6%

Interest coverage

1.52▲

2023 · 0.67

Debt

€6.11M▲

2023 · €4.48M

Debt ≤ 1 year

€239k▲

2023 · €169k

Debt > 1 year

€5.87M▲

2023 · €4.29M

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

Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines

Balance sheet Code20232024

Assets

Total assets20/58€4.19M€5.70M▲

Fixed assets21/28€4.05M€4.86M▲

Tangible fixed assets22/27€3.70M€4.72M▲

Land and buildings22€3.39M€4.49M▲

Furniture and vehicles24€233k€227k▼

Assets under construction and advance payments27€73k-

Financial fixed assets28€350k€145k▼

Current assets29/58€143k€841k▲

Amounts receivable after more than one year29€35k€761k▲

Other amounts receivable291€35k€761k▲

Amounts receivable within one year40/41€62k€68k▲

Trade receivables40€52k€68k▲

Other amounts receivable41€10k-

Cash at bank and in hand54/58€43k€9k▼

Deferred charges and accrued income490/1€2k€2k=

Equity and liabilities

Total equity and liabilities10/49€4.19M€5.70M▲

Equity10/15€-284k€-413k▼

Contributions10/11€138k€138k=

Outside capital11€138k€138k=

Other1109/19€138k€138k=

Profit (loss) carried forward14€-422k€-551k▼

Amounts payable17/49€4.48M€6.11M▲

Amounts payable after more than one year17€4.29M€5.87M▲

Financial debts170/4€4.29M€5.87M▲

Amounts payable within one year42/48€169k€239k▲

Current portion of amounts payable after more than one year42€153k€201k▲

Trade debts44€17k€38k▲

Suppliers440/4€17k€38k▲

Accrued charges and deferred income492/3€15k-

Income statement Code20232024

Turnover70€148k-

Goods, raw materials, services and sundry goods60/61€58k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€184k▲

Other operating charges640/8€10k€10k▲

Gross operating margin9900€90k€172k▲

Operating profit (loss)9901€-34k€-23k▲

Financial charges65/66B€118k€106k▼

Recurring financial charges65€118k€106k▼

Profit (loss) for the period before taxes9903€-153k€-129k▲

Profit (loss) for the period9904€-153k€-129k▲

Profit (loss) for the period to be appropriated9905€-153k€-129k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-422k€-551k▼

Profit (loss) brought forward from the previous period14P€-269k€-422k▼

The notes to these accounts (11 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 14Financial 4Filings 10

2025

24-11

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 116 days late

2024

31-12

Financial Liquidity quadruplescurrent ratio 3.52

Current ratio from 0.84 to 3.52.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 31 days late

07-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 312 days late

2023

31-12

Financial Weakest financial yearnet €-153k

Net result drops to €-153k, the lowest in the series; recovery starts the following year.

2022

31-12

Financial Liquidity times 66current ratio 3.40

Current ratio from 0.05 to 3.40; short-term debt falls from €134k to €102k.

16-11

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 108 days late

2021

15-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 107 days late

2020

05-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Back to profitnet €315

Net result €315 after one loss-making year.

14-11

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 106 days late

2018

19-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 141 days late

19-12

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 506 days late

2016

26-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 57 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

8 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2000

establishment The establishment unit 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.

Livornostraat 15-131060 Sint-Gillis (bij-Brussel)

Ground area

2,885 m²

Building footprint

1,211 m²

Volume, LiDAR

15,774 m³

2 parcels, Brussels, Wallonia · tallest building 27.0 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Chemin de Chaubrire 22, 1380 Lasne

NACE 50101

since 20002.073.320.362

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25076B0173/00G000	Wallonia	1,957 m²	1 · 153 m²	-
21013B0040/00M022	Brussels	928 m²	1 · 1,058 m²	27.0 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Belgian Racing Association

BE 0432.928.024

Ferrières · Eq €14,227

Wander Aware

BE 0798.683.944

Antwerpen · Eq €14,205

Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,351 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded10-11-1994

Fiscal year end31-12

Activities, NACEBEL 2025

73110Advertising agencies

Sources

Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.