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BLM

Active
Public limited companyfounded 2003active for 23 yearsGustave Fachedreef(L) 5, 7700 Mouscron, BelgiumKBO/BCE: BE 0479.990.444

From the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

BLM has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of €172,047. Equity has been growing by about 6.4% per year since 2018. Its solvency ranks better than 84% of 3,861 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

KBO
Status
Active since 09-04-2003 Normal situation
Registered office
16 active companies are registered at this address Source: KBO register, as of 1 November 2026.
Activity
Business and other management consultancy NACE 70200and 1 other
Establishment units
2.132.410.485 7700 Mouscron, since 24-06-2003
2.336.119.987 7760 Celles (lez-Tournai), since 01-12-2021
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • COA SRLDirector · since 30-06-2021
  • LOSFELD BertrandDirector · since 30-06-2021
  • Juliette LOSFELDDirector · since 16-10-2023
  • G2 GESTION GLOBALEDirector · since 01-11-2025 · permanent representative Olivier Cabral Dos Santos
and 2 other directors
Auditor
Grant Thornton
Holdings
Shares in 4 companies including VINYLIUM and EDERGEN

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€1.1m
▲ 0.4%
Profit
€172,047
▼ 62.2%
Equity
€9.1m
▲ 1.9%
Total assets
€10.1m
▼ 0.2%
Staff
4.5 FTE
▼ 10.0%
Net result -62%: branch of activity transferred
Filed on 14-07-2026, 17 days before the deadlineat the National Bank
Score breakdownlowers riskSize: turnover €1.1m, 4.5 FTE, total assets €10.1m, files consolidated accountsFounded in 2003Equity €9.1m (90.6% of total assets)Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 59% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 90.6% of total assets
Liquidity 61+5
short-term debt 2.1% · cash 8.5%
Profitability 81-2
return on assets 1.7%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,516 companies, NACE 70, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 25.5 (20.19 in 2024), above the usual 1.5. Short-term debt is 2.1% and cash 8.5% of total assets. 9.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 52% on liquidity, 48% on profitability and 49% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Size: turnover €1.1m, 4.5 FTE, total assets €10.1m, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €9.1m (90.6% of total assets)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
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 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
17 days early
2024
20 days early
2023
40 days early
2022
17 days early
2021
23 days late
2020
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format, standalone accounts

Annual accounts 2025 filed on 14-07-2026 at the NBB all 33 filings

Turnover
€1.1m▲ 0.4%
2024 · €1.1m
EBIT margin
18.8%▼ 26.9pp
2024 · 45.7%
Net result
€172,047▼ 62.2%
2024 · €454,941
Working capital
€5.1m▲ 8.0%
2024 · €4.8m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 59% lower than in 2024. It is the second fall in a row.

Turnover€1.1m 2025 Operating result€0.2m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.6m-€0.8m▲ 32.8%€0.8m▲ 1.4%€1.0m▲ 28.8%€1.3m▲ 25.8%€1.4m▲ 3.8%€1.1m▼ 15.6%€1.1m▲ 0.4%
Operating result€0.2m-€0.4m▲ 139%€0.8m▲ 79.4%-€0.01m€0.8m€1.1m▲ 29.7%€0.5m▼ 52.0%€0.2m▼ 58.8%
Net result€0.6m-€3.1m▲ 457%€1.3mabove the sector's middle half▼ 57.6%€0.6mabove the sector's middle half▼ 56.4%€1.3mabove the sector's middle half▲ 126%€1.9mabove the sector's middle half▲ 44.8%€0.5mabove the sector's middle half▼ 76.1%€0.2mwithin the sector's middle half▼ 62.2%
EBIT margin29.9%-53.8%▲ 23.9pp95.2%▲ 41.4pp-1.0%▼ 96.3pp64.4%▲ 65.4pp80.4%▲ 16.1pp45.7%▼ 34.7pp18.8%▼ 26.9pp
Equity€4.9m-€8.1m▲ 63.7%€9.4mabove the sector's middle half▲ 16.5%€10.0mabove the sector's middle half▲ 6.2%€9.9mabove the sector's middle half▼ 1.1%€11.8mabove the sector's middle half▲ 19.2%€9.0mabove the sector's middle half▼ 24.0%€9.1mabove the sector's middle half▲ 1.9%
Total assets€6.5m-€10.2m▲ 55.1%€10.6mabove the sector's middle half▲ 4.7%€12.4mabove the sector's middle half▲ 16.7%€11.0mabove the sector's middle half▼ 11.6%€13.2mabove the sector's middle half▲ 20.4%€10.1mabove the sector's middle half▼ 23.5%€10.1mwithin the sector's middle half▼ 0.2%
Debt€1.6m-€2.1m▲ 28.8%€1.2m▼ 41.2%€2.4m▲ 97.4%€1.1m▼ 55.2%€1.4m▲ 30.6%€1.1m▼ 19.3%€0.9m▼ 17.0%
Working capital-€0.4m-€2.2m€2.9mabove the sector's middle half▲ 31.2%€4.8mabove the sector's middle half▲ 64.6%€4.6mabove the sector's middle half▼ 4.1%€4.1mabove the sector's middle half▼ 11.1%€4.8mabove the sector's middle half▲ 16.0%€5.1mabove the sector's middle half▲ 8.0%
Solvency75.3%-79.5%▲ 4.2pp88.5%above the sector's middle half▲ 9.0pp80.5%above the sector's middle half▼ 8.0pp90.1%above the sector's middle half▲ 9.6pp89.3%above the sector's middle half▼ 0.8pp88.7%above the sector's middle half▼ 0.6pp90.6%above the sector's middle half▲ 1.9pp
Current ratio0.41-3.28▲ 2.879.76above the sector's middle half▲ 6.484.41above the sector's middle half▼ 5.3415.92above the sector's middle half▲ 11.5114.66above the sector's middle half▼ 1.2720.19above the sector's middle half▲ 5.5325.50above the sector's middle half▲ 5.31
Return on assets (ROA)8.6%-30.9%▲ 22.3pp12.5%above the sector's middle half▼ 18.4pp4.7%within the sector's middle half▼ 7.8pp12.0%within the sector's middle half▲ 7.3pp14.4%above the sector's middle half▲ 2.4pp4.5%within the sector's middle half▼ 9.9pp1.7%within the sector's middle half▼ 2.8pp
Staff (FTE)0.5-1▲ 100%1below the sector's middle half=1.7within the sector's middle half▲ 70.0%3.3within the sector's middle half▲ 94.1%4.3within the sector's middle half▲ 30.3%5within the sector's middle half▲ 16.3%4.5within the sector's middle half▼ 10.0%
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Large changes and their cause
  • 2025 Net result -62% on 2024. Partial demerger to BLM HOLDING, effective 15-07-2024, in the previous financial year. That operation now counts for a full year for the first time.
  • 2024 Net result -76% on 2023. Partial demerger to BLM HOLDING, effective 15-07-2024.
  • 2022 Net result +126% on 2021. Merger absorbing , according to the KBO register on 15-12-2021, in the previous financial year. That operation now counts for a full year for the first time. Merger absorbing , according to the KBO register on 26-07-2021, in the previous financial year. That operation now counts for a full year for the first time.
  • 2021 Net result -56% on 2020. Merger absorbing , according to the KBO register on 15-12-2021. Merger absorbing , according to the KBO register on 26-07-2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets €4.7m ▼ 7.1%
Current assets €5.3m ▲ 6.8%
Equity and liabilities €10.1m
Equity €9.1m ▲ 1.9%
Debt €947,609 ▼ 17.0%
Debt's share of the balance-sheet total falls from 11.3% to 9.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€579,978▼
2024 · €901,213
Cash flow
€536,345▼
2024 · €833,003
Quick ratio
22.02▲
2024 · 15.47
Debt to equity
0.10▼
2024 · 0.13
ROE
1.9%▼
2024 · 5.1%
Interest coverage
18.55▼
2024 · 21.15
Debt ≤ 1 year
€209,548▼
2024 · €247,798
Debt > 1 year
€734,413▼
2024 · €889,815
Income taxes
€64,280▼
2024 · €174,065
Customer credit
23 days▼
2024 · 27 days
Supplier credit
6 days▲
2024 · 3 days
Staff costs
€272,277▼
2024 · €280,694
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as BLM: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €7m and €13m, founded between 1998 and 2008.

CompanyFoundedTotal assetsEquityTurnoverNet resultFTEFinancial year
BLM Mouscron2003€10.1m€9.1m€1.1m€0.2m4.52025
MACHARIS INVEST Dendermonde2001€12.7m€10.2m€1.0m€0.5m5.12025
RETAIL SERVICES MANAGEMENT Tournai2004€7.0m€4.1m€1.1m€0.2m42026
VTN HOLDING BELGIUM Kontich2005€9.3m€1.9m€0.8m€0.1m3.62025
DM De Rese Brugge2008€10.8m€9.7m€1.4m€0.6m4.12025
A ET S SERTANG Wavre1998€11.8m€7.8m€0.9m€0.004m3.92025
SOVA-CONSULT Tielt2003€8.8m€8.5m€0.7m€0.6m62025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 17,041 companies had the same profile as BLM has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94.4% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BLM itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for BLM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 82 lines

Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€10.1m€10.1m▼
Fixed assets21/28€5.1m€4.7m▼
Tangible fixed assets22/27€4.6m€4.3m▼
Land and buildings22€4.0m€3.8m▼
Plant, machinery and equipment23€0.06m€0.04m▼
Furniture and vehicles24€0.6m€0.5m▼
Other tangible fixed assets26€0.02m€0.01m▼
Financial fixed assets28€0.5m€0.5m▲
Affiliated companies280/1€0.5m€0.5m=
Participating interests280€0.5m€0.5m=
Other financial fixed assets284/8€0.004m€0.005m▲
Shares284€0-
Amounts receivable and cash guarantees285/8€0.004m€0.005m▲
Current assets29/58€5.0m€5.3m▲
Stocks and contracts in progress3€1.2m€0.7m▼
Stocks30/36€1.2m€0.7m▼
Goods purchased for resale34€1.2m€0.7m▼
Amounts receivable within one year40/41€1.4m€0.9m▼
Trade receivables40€0.08m€0.07m▼
Other amounts receivable41€1.3m€0.8m▼
Current investments50/53€1.9m€2.9m▲
Other investments51/53€1.9m€2.9m▲
Cash at bank and in hand54/58€0.5m€0.9m▲
Deferred charges and accrued income490/1€0.009m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€10.1m€10.1m▼
Equity10/15€9.0m€9.1m▲
Contributions10/11€0.2m€0.2m=
Capital10€0.2m€0.2m=
Issued capital100€0.2m€0.2m=
Reserves13€8.8m€8.9m▲
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Tax-exempt reserves132€0.5m€0.2m▼
Distributable reserves133€8.2m€8.7m▲
Amounts payable17/49€1.1m€0.9m▼
Amounts payable after more than one year17€0.9m€0.7m▼
Financial debts170/4€0.9m€0.7m▼
Credit institutions173€0.9m€0.7m▼
Other amounts payable178/9€0.005m€0.004m▼
Amounts payable within one year42/48€0.2m€0.2m▼
Current portion of amounts payable after more than one year42€0.2m€0.2m▼
Trade debts44€0.003m€0.008m▲
Suppliers440/4€0.003m€0.008m▲
Taxes, remuneration and social security45€0.05m€0.05m▼
Taxes450/3€0.02m€0.02m▲
Remuneration and social security454/9€0.03m€0.03m▼
Other amounts payable47/48€0€148▲
Accrued charges and deferred income492/3€0.005m€0.004m▼
Income statement Code20242025
Operating income70/76A€2.6m€2.1m▼
Turnover70€1.1m€1.1m▲
Other operating income74€1.4m€0.9m▼
Operating charges60/66A€2.0m€1.8m▼
Goods for resale, raw materials and consumables60€0.4m€0.5m▲
Purchases600/8€0.1m€0.02m▼
Change in stocks: decrease (increase)609€0.3m€0.4m▲
Services and other goods61€0.9m€0.7m▼
Remuneration, social security and pensions62€0.3m€0.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▼
Other operating charges640/8€0.05m€0.05m▲
Operating profit (loss)9901€0.5m€0.2m▼
Financial income75/76B€0.2m€0.05m▼
Recurring financial income75€0.2m€0.05m▼
Income from financial fixed assets750€0.02m€0.02m▲
Income from current assets751€265€0▼
Other financial income752/9€0.1m€0.03m▼
Non-recurring financial income76B€289€0▼
Financial charges65/66B€0.04m€0.03m▼
Recurring financial charges65€0.04m€0.03m▼
Debt charges650€0.04m€0.03m▼
Other financial charges652/9€0.002m€0.002m▼
Profit (loss) for the period before taxes9903€0.6m€0.2m▼
Income taxes67/77€0.2m€0.06m▼
Taxes670/3€0.2m€0.06m▼
Tax adjustments and reversals of tax provisions77€0€0▼
Profit (loss) for the period9904€0.5m€0.2m▼
Transfer from tax-exempt reserves789€0.3m€0.3m▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€0.7m€0.5m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.7m€0.5m▼
Transfer to equity691/2€0.7m€0.5m▼
To other reserves6921€0.7m€0.5m▼
Social balance sheet
Average headcount (FTE)90875.04.5▼

The notes to these accounts have 72 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Operating income70/76A---€1.8m€2.5m€2.8m€2.6m€2.1m▼ 19.8%
Turnover70€0.6m€0.8m€0.8m€1.0m€1.3m€1.4m€1.1m€1.1m▲ 0.4%
Other operating income74---€0.8m€1.2m€1.5m€1.4m€0.9m▼ 36.1%
Operating charges60/66A---€1.9m€1.6m€1.7m€2.0m€1.8m▼ 9.7%
Goods for resale, raw materials and consumables60---€0.09m€0.1m€0.1m€0.4m€0.5m▲ 17.9%
Purchases600/8---€0.7m€0.1m€0.1m€0.1m€0.02m▼ 81.7%
Change in stocks: decrease (increase)609----€0.6m-€0.03m-€0.004m€0.3m€0.4m▲ 61.8%
Services and other goods61---€0.8m€1.0m€1.0m€0.9m€0.7m▼ 26.4%
Remuneration, social security and pensions62---€0.1m€0.2m€0.2m€0.3m€0.3m▼ 3.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m€0.2m€0.3m€0.3m€0.4m€0.4m€0.4m▼ 3.6%
Other operating charges640/8---€0.03m€0.03m€0.03m€0.05m€0.05m▲ 3.2%
Non-recurring operating charges66A---€0.6m€0----
Operating profit (loss)9901€0.2m€0.4m€0.8m-€0.01m€0.8m€1.1m€0.5m€0.2m▼ 58.8%
Financial income75/76B---€0.8m€0.7m€1.1m€0.2m€0.05m▼ 64.1%
Recurring financial income75€0.5m€0.001m€0.7m€0.8m€0.7m€1.1m€0.2m€0.05m▼ 64.0%
Income from financial fixed assets750---€0.8m€0.7m€1.1m€0.02m€0.02m▲ 28.1%
Income from current assets751---€136€0€304€265€0▼ 100%
Other financial income752/9---€0.002m€0.005m€0.02m€0.1m€0.03m▼ 76.9%
Non-recurring financial income76B---€0-€194€289€0▼ 100%
Financial charges65/66B---€0.03m€0.02m€0.04m€0.04m€0.03m▼ 25.5%
Recurring financial charges65€0.09m€0.03m€0.02m€0.03m€0.02m€0.04m€0.04m€0.03m▼ 25.5%
Debt charges650€0.09m€0.02m€0.02m€0.02m€0.02m€0.04m€0.04m€0.03m▼ 26.6%
Other financial charges652/9---€0.002m€0.002m€0.002m€0.002m€0.002m▼ 4.8%
Profit (loss) for the period before taxes9903€0.6m€3.3m€1.5m€0.8m€1.5m€2.2m€0.6m€0.2m▼ 62.4%
Income taxes67/77€0.04m€0.1m€0.2m€0.2m€0.2m€0.3m€0.2m€0.06m▼ 63.1%
Taxes670/3---€0.2m€0.4m€0.3m€0.2m€0.06m▼ 63.1%
Tax adjustments and reversals of tax provisions77----€0.2m€0.04m€0€0▼ 100%
Profit (loss) for the period9904€0.6m€3.1m€1.3m€0.6m€1.3m€1.9m€0.5m€0.2m▼ 62.2%
Transfer from tax-exempt reserves789-----€0.1m€0.3m€0.3m▲ 25.0%
Transfer to tax-exempt reserves689---€0.2m€0.2m€0.4m€0--
Profit (loss) for the period to be appropriated9905€0.6m€3.0m€1.2m€0.4m€1.1m€1.6m€0.7m€0.5m▼ 31.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.5m€10.2m€10.6m€12.4m€11.0m€13.2m€10.1m€10.1m▼ 0.2%
Fixed assets21/28€6.3m€7.0m€7.4m€6.2m€6.0m€8.8m€5.1m€4.7m▼ 7.1%
Tangible fixed assets22/27€2.2m€2.0m€1.9m€2.5m€2.3m€5.1m€4.6m€4.3m▼ 7.8%
Land and buildings22---€1.9m€1.8m€4.3m€4.0m€3.8m▼ 6.2%
Plant, machinery and equipment23---€0.1m€0.1m€0.08m€0.06m€0.04m▼ 27.5%
Furniture and vehicles24---€0.4m€0.4m€0.7m€0.6m€0.5m▼ 16.9%
Other tangible fixed assets26---€0.04m€0.03m€0.02m€0.02m€0.01m▼ 31.1%
Financial fixed assets28€4.1m€4.9m€5.5m€3.7m€3.7m€3.7m€0.5m€0.5m▲ 0.1%
Affiliated companies280/1---€3.7m€3.7m€3.7m€0.5m€0.5m=
Participating interests280---€3.7m€3.7m€3.7m€0.5m€0.5m=
Amounts receivable281---€0-----
Other financial fixed assets284/8---€0.003m€0.004m€0.005m€0.004m€0.005m▲ 7.3%
Shares284---€0.003m€0.003m€0.003m€0--
Amounts receivable and cash guarantees285/8----€0.001m€0.002m€0.004m€0.005m▲ 7.3%
Current assets29/58€0.3m€3.2m€3.3m€6.2m€4.9m€4.4m€5.0m€5.3m▲ 6.8%
Stocks and contracts in progress3-€0€0€1.4m€1.4m€1.4m€1.2m€0.7m▼ 37.6%
Stocks30/36---€1.4m€1.4m€1.4m€1.2m€0.7m▼ 37.6%
Goods purchased for resale34---€1.4m€1.4m€1.4m€1.2m€0.7m▼ 37.6%
Amounts receivable within one year40/41€0.06m€0.1m€0.07m€0.1m€0.4m€0.1m€1.4m€0.9m▼ 37.0%
Trade receivables40---€0.05m€0.03m€0.05m€0.08m€0.07m▼ 14.9%
Other amounts receivable41---€0.06m€0.4m€0.04m€1.3m€0.8m▼ 38.4%
Current investments50/53€0.01m€0.01m€0.5m€0.8m€0.8m€2.3m€1.9m€2.9m▲ 49.0%
Other investments51/53---€0.8m€0.8m€2.3m€1.9m€2.9m▲ 49.0%
Cash at bank and in hand54/58€0.2m€3.1m€2.7m€3.9m€2.3m€0.6m€0.5m€0.9m▲ 67.9%
Deferred charges and accrued income490/1---€0.003m€0.009m€0.01m€0.009m€0.01m▲ 23.7%
Equity and liabilities
Total equity and liabilities10/49€6.5m€10.2m€10.6m€12.4m€11.0m€13.2m€10.1m€10.1m▼ 0.2%
Equity10/15€4.9m€8.1m€9.4m€10.0m€9.9m€11.8m€9.0m€9.1m▲ 1.9%
Contributions10/11€1.5m€1.5m€1.5m€1.5m€0.06m€0.06m€0.2m€0.2m=
Capital10---€1.5m€0.06m€0.06m€0.2m€0.2m=
Issued capital100---€1.5m€0.06m€0.06m€0.2m€0.2m=
Reserves13€3.5m€6.6m€7.9m€8.5m€9.8m€11.7m€8.8m€8.9m▲ 2.0%
Non-distributable reserves130/1---€0.1m€0.1m€0.1m€0.1m€0.1m=
Legal reserve130---€0.1m€0.1m€0.1m€0.1m€0.1m=
Tax-exempt reserves132---€0.4m€0.7m€1.0m€0.5m€0.2m▼ 66.7%
Distributable reserves133---€7.9m€9.0m€10.6m€8.2m€8.7m▲ 5.9%
Amounts payable17/49€1.6m€2.1m€1.2m€2.4m€1.1m€1.4m€1.1m€0.9m▼ 17.0%
Amounts payable after more than one year17€1.0m€1.1m€0.9m€1.0m€0.8m€1.1m€0.9m€0.7m▼ 17.5%
Financial debts170/4---€1.0m€0.7m€1.1m€0.9m€0.7m▼ 17.4%
Credit institutions173---€1.0m€0.7m€1.1m€0.9m€0.7m▼ 17.4%
Other amounts payable178/9---€0.03m€0.03m€0.03m€0.005m€0.004m▼ 28.7%
Amounts payable within one year42/48€0.6m€1.0m€0.3m€1.4m€0.3m€0.3m€0.2m€0.2m▼ 15.4%
Current portion of amounts payable after more than one year42---€0.3m€0.2m€0.2m€0.2m€0.2m▼ 21.1%
Trade debts44€0.006m€0.003m€0.01m€0.08m€0.03m€0.03m€0.003m€0.008m▲ 134%
Suppliers440/4---€0.08m€0.03m€0.03m€0.003m€0.008m▲ 134%
Taxes, remuneration and social security45---€0.05m€0.04m€0.04m€0.05m€0.05m▼ 3.6%
Taxes450/3---€0.03m€0.02m€0.01m€0.02m€0.02m▲ 7.2%
Remuneration and social security454/9---€0.01m€0.02m€0.03m€0.03m€0.03m▼ 10.2%
Other amounts payable47/48---€1.0m€0€1€0€148-
Accrued charges and deferred income492/3---€0.002m€0.004m€0.004m€0.005m€0.004m▼ 22.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.6m€3.1m€1.3m€0.6m€1.3m€1.9m€0.5m€0.2m▼ 62.2%
+ Depreciation and write-downs630€0.2m€0.2m€0.2m€0.3m€0.3m€0.4m€0.4m€0.4m▼ 3.6%
Operating cash flow (approximation)€0.8m€3.3m€1.5m€0.8m€1.6m€2.3m€0.8m€0.5m▼ 35.6%
Investment in fixed assets (approximation)--€0.8m-€0.6m€0.9m-€0.1m-€3.1m€3.3m-€0.001m-
Change in cash-€2.9m-€0.4m€1.3m-€1.7m-€1.7m-€0.08m€0.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 14-07-2026 2026-00289561 NBB
31-12-2024 full format 11-07-2025 2025-00258208 PDF
31-12-2023 consolidated 16-07-2024 2024-00255058 PDF
31-12-2023 full format 21-06-2024 2024-00152449 PDF
31-12-2022 consolidated 23-11-2023 2023-00515917 PDF
31-12-2022 full format 14-07-2023 2023-00239407 PDF
31-12-2021 consolidated 08-11-2022 2022-20517836 PDF
31-12-2021 full format 23-08-2022 2022-20305663 PDF
31-12-2020 consolidated 28-09-2021 2021-69000550 PDF
31-12-2020 full format 30-08-2021 2021-58300339 PDF

Show all 33 filings

Board & ownership

Directors

Directors
6 directors, last change in 2026

Board 6

COA SRL
Director · since 30-06-2021 · Legal entity · listed in the 2025 annual accounts, filed on 14-07-2026
Current
LOSFELD Bertrand
Director · since 30-06-2021 · listed in the 2025 annual accounts, filed on 14-07-2026
Current
Juliette LOSFELD
Director · since 16-10-2023 · listed in the 2025 annual accounts, filed on 14-07-2026
Current
G2 GESTION GLOBALE
Director · since 01-11-2025 · Private limited company (pre-2019) · permanent representative: Olivier Cabral Dos Santos · listed in the 2025 annual accounts, filed on 14-07-2026
Current
LL
Director · since 01-11-2025 · Private limited company · permanent representative: Louise Losfeld · listed in the 2025 annual accounts, filed on 14-07-2026
Current
G2 SRL
Director · appointed in the act of 23-02-2026 · Legal entity
Current
Permanent representatives 2
Louise Losfeld
Permanent representative · appointed in the act of 23-02-2026 · for LL
Current
Olivier Cabral Dos Santos
Permanent representative · appointed in the act of 23-02-2026 · for G2 GESTION GLOBALE
Current

Statutory auditor 1

Grant Thornton
Commissaire reviseur · appointed in the act of 05-01-2024 · permanent representative: Nicolas Dumonceau
Current

Owners and capital

Capital transactions

Capital over time
  1. 30-08-2024 Capital increase of €179,323.46 · to €241,323.46 · no new shares · from reserves
  2. 30-08-2024 Capital increase of €179,323.46 · no new shares
  3. 30-08-2024 Capital reduction of €62,000 · to €179,323.46 · in a demerger

Mandate history

8 people, 7 in office
Show
  • Board
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
COA SRL
  • Director, from 30-06-2021 to date
LOSFELD Bertrand
  • Director, from 30-06-2021 to date
Juliette LOSFELD
  • Director, from 16-10-2023 to date
G2 GESTION GLOBALE
  • Director, from 01-11-2025 to date
LL
  • Director, from 01-11-2025 to date
G2 SRL
  • Director, appointed in the act of 23-02-2026, still in office
Grant Thornton
  • Commissaire reviseur, appointed in the act of 05-01-2024, still in office
Louise Losfeld
  • Director, appointed in the act of 13-12-2023, until 23-02-2026
See the board, name and registered office on a given date →

Network & group

Heads the group BLM 5 companies Group, risk and exposure

Holdings and subsidiaries

4 holdings

Holdings 4

Acquisitions and mergers

5 transactions
Took over:BE 0817.128.493
BE 0817.128.493according to the KBO register since 15-12-2021
Took over:BE 0694.956.993
BE 0694.956.993according to the KBO register since 26-07-2021
Took over:BE 0447.460.406
BE 0447.460.406according to the KBO register since 03-07-2019
Took over:BE 0439.296.172
BE 0439.296.172according to the KBO register since 21-09-2015
Split off to:BLM HOLDING
partial demerger · Gazette deed of 30-08-2024 (3 acts) · effective 15-07-2024

Connections & network

2 connected companies
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BLM HOLDING
Shared corporate director
→
IMMO TRADECO
Shared corporate director
→

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
14-07
NBB filing Annual accounts filedNBB
financial year 2025 · full format
23-02
Gazette deed Resignation: Louise Losfeld (director)
Appointments: LL SRL (director) and G2 SRL (director) · Permanent representatives: Louise Losfeld and Olivier Cabral Dos Santos · Director discharge12 points ▸
  • Other provision, “bureau”, 09:00 (deed in French)
  • Other provision, “attendance”, 820 (deed in French)
  • Other provision, “president report, Chaque action de capital donne droit à une voix” (deed in French)
  • Other provision, “meeting validity” (deed in French)
  • Director resignation, Louise Losfeld (director)
  • Director discharge, Louise Losfeld
  • Director appointment, LL SRL (director)
  • Permanent representative, Louise Losfeld
  • Director appointment, G2 SRL (director)
  • Permanent representative, Olivier Cabral Dos Santos
  • Other provision, “meeting closure”, 09:30 (deed in French)
  • General meeting

Open the act in the Belgian Official Gazette

2025
31-12
Financial Weakest financial yearnet €172,047 ▼62.2%
The net result drops to €172,047, the lowest from 2018 to 2025.
11-07
NBB filing Annual accounts filedPDF
financial year 2024 · full format
2024
30-08
Gazette deed Registered office · Capital & shares · Restructuring
Capital increase · Demerger · Auditor report16 points ▸
  • General meeting, “assemblée générale extraordinaire des actionnaires” (deed in French)
  • Capital increase, €179,323.46, mentioned 2 times in the deed
  • Other provision, “adaptation of article 5 of the statutes regarding capital” (deed in French)
  • Demerger, “partial, comptes clôturés au 31-12-2023” (deed in French)
  • Other provision, “presentation of partial demerger project, greffe du Tribunal de l'Entreprise du Hainaut, division Tournai” (deed in French)
  • Other provision, “management report on in-kind contribution” (deed in French)
  • Auditor report, 10-07-2024
  • Transfer of a branch of activity or universality, “participations dans ses différentes filiales” (deed in French)
  • The company is a shareholder of TRADECO BELGIUM
  • The company is a shareholder of BECO
  • The company is a shareholder of EDERGEN
  • The company is a shareholder of THERSA
  • The act holds 4 more points.

Open the act in the Belgian Official Gazette

16-07
NBB filing Annual accounts filedPDF
financial year 2023 · consolidated
21-06
NBB filing Annual accounts filedPDF
financial year 2023 · full format
06-06
Gazette deed Restructuring
Demerger4 points ▸
  • Demerger, “scission partielle par constitution d'une nouvelle société, partie du patrimoine,activement et passivement” (deed in French)
  • Other provision, “droits spéciaux et titres autres que parts ou actions, toutes les actions émises sont identiques et confèrent les mêmes droits et avantages” (deed in French)
  • Other provision, “dispenses de rapports de scission, actions de la nouvelle société attribuées proportionnellement à leurs droits dans le capital” (deed in French)
  • Other provision, “avantage particulier aux membres des organes d'administration” (deed in French)

Open the act in the Belgian Official Gazette

05-01
Gazette deed Reappointment: Grant Thornton (commissaire reviseur)
Director discharge3 points ▸
  • General meeting, 30-06-2022
  • Auditor reappointment, Grant Thornton (commissaire reviseur)
  • Director discharge, Grant Thornton

Open the act in the Belgian Official Gazette

2023
31-12
Financial Equity above €10mequity €11.8m ▲19.2%
With a profit in every financial year since 2018, equity grows to €11.8m.
13-12
Gazette deed Appointments: Juliette LOSFELD (director) and Louise LOSFELD (director)
Permanent representative: Stéphane DELPIRE15 points ▸
  • General meeting, 13-10-2023
  • Other provision, “secrétaire, bureau de l'assemblée” (deed in French)
  • Other provision, “liste de présence signée par chacun ou leur mandataire avant l'ouverture, composition et présence” (deed in French)
  • Other provision, “Nomination de deux nouveaux administrateurs, ordre du jour” (deed in French)
  • Other provision, “convocations, tous les actionnaires étant présents ou représentés, il ne doit pas être justifié de l'envoi de convocations” (deed in French)
  • Other provision, “validité de l'assemblée, faits exposés vérifiés et reconnus exacts” (deed in French)
  • Director appointment, Juliette LOSFELD (director)
  • Director appointment, Louise LOSFELD (director)
  • Board meeting, 13-10-2023
  • Board composition, Bertrand LOSFELD (managing director)
  • Board composition, SRL COA (director)
  • Board composition, Juliette LOSFELD (director)
  • The act holds 3 more points.

Open the act in the Belgian Official Gazette

23-11
NBB filing Annual accounts filedPDF
financial year 2022 · consolidated
Show earlier events
14-07
NBB filing Annual accounts filedPDF
financial year 2022 · full format
2022
31-12
Financial Liquidity more than triplescurrent ratio 15.92
The current ratio rises from 4.41 to 15.92. Short-term debt falls from €1.4m to €308,992.
08-11
NBB filing Annual accounts filedPDF
financial year 2021 · consolidated · 23 days late
23-08
NBB filing Annual accounts filedPDF
financial year 2021 · full format · 23 days late
2021
28-09
NBB filing Annual accounts filedPDF
financial year 2020 · consolidated · 30 days late
30-08
NBB filing Annual accounts filedPDF
financial year 2020 · full format · 30 days late
2020
31-12
Financial Liquidity more than doubledcurrent ratio 9.76
The current ratio rises from 3.28 to 9.76. Short-term debt falls from €975,545 to €333,516.
2019
31-12
Financial Highest result from 2018 to 2025net €3.1m ▲457%
The net result of €3.1m is the highest of those years.
31-12
Financial Liquidity more than 7 timescurrent ratio 3.28
The current ratio rises from 0.41 to 3.28.
31-12
Financial Equity above €5mequity €8.1m ▲63.7%
With a profit in every financial year since 2018, equity grows to €8.1m.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 9 April 2003, BLM was incorporated.1 A capital increase in 2024 brought the capital to €241,323.2 The company has filed 33 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-08-2024
  3. 3National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name BLM in French
Enterprise number 0479.990.444
Legal form Public limited company
Status Active, normale toestand
Founded 09-04-2003
Entity type Legal entity

Registered office and establishments

Registered office Gustave Fachedreef(L) 5, 7700 Mouscron, Belgium
Establishments 2 establishment units since 2003

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
47762 Retail sale of pets, pet food and pet supplies

Invoicing and payment

VAT number BE 0479.990.444
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0479990444
Registered 21-10-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Recognitions · licences · registrations

Food safety, FASFC

1 site
Celles (Ht.)unit number 2.336.119.987
1 permission
Authorisation · Lang transport van landbouwhuisdieren · since 27-01-2023

Legal Entity Identifier

967600RU5VADK9X54K80
live in the LEI register

Sites & property

Location
registered office establishment All 2 establishment units on the map
2 establishment units
BLM
Gustave Fachedreef(L) 5, 7700 MouscronBusiness and other management consultancy
since 2003unit number 2.132.410.485
L’Écurie du grand Bray
Rue Pont à l'Haye 92, 7760 Celles (lez-Tournai)Raising of horses and other equines
since 2021unit number 2.336.119.987

Buildings and parcels at the addresses

Ground area
5,474 m²
Building footprint
1,151 m²
Building volume
1,522 m³
2 parcels, Wallonia · tallest building 6.2 m.
2 parcels
Wallonia 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
54006N0215/00K002 Wallonia 3,728 m² 1 · 819 m² -
57023D0236/00S000 Wallonia 1,746 m² 1 · 332 m² 6.2 m · 2