BM DISTRIBUTION
ActiveSummary
The computed 12-month bankruptcy probability of BM DISTRIBUTION is 3.3% (moderate). The 2024 annual accounts show negative equity (-€51,547) and a net result of €1,801. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 18934 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-10
Solvency2▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.55 in 2023; short-term debt: 122.8% and cash: 12.7% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-22.8%
Return on assets
0.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 18934 sector peers (2024).
NBB · sector comparisonPosition among 18934 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
152 d late
2022
61 d late
2021
60 d late
2020
298 d late
2019
663 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 217 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€51,547▲ 3.4%
2023 · -€53,348
Total assets
€226,120▲ 81.8%
2023 · €124,344
Net result
€1,801▼ 83.4%
2023 · €10,825
Working capital
-€73,640▲ 6.9%
2023 · -€79,123
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20202021202220232024
Operating result-€13,053▲ 75.4%€26,244€106,136▲ 304%€11,731▼ 88.9%€2,622▼ 77.7%
Net result-€14,162below the sector's middle half▲ 73.2%€24,605within the sector's middle half€102,859above the sector's middle half▲ 318%€10,825within the sector's middle half▼ 89.5%€1,801within the sector's middle half▼ 83.4%
Equity-€191,637below the sector's middle half▼ 8.0%-€167,032below the sector's middle half▲ 12.8%-€64,173below the sector's middle half▲ 61.6%-€53,348below the sector's middle half▲ 16.9%-€51,547below the sector's middle half▲ 3.4%
Total assets€38,819within the sector's middle half▼ 18.9%€93,249within the sector's middle half▲ 140%€168,118within the sector's middle half▲ 80.3%€124,344within the sector's middle half▼ 26.0%€226,120within the sector's middle half▲ 81.8%
Debt€230,456▲ 2.3%€260,282▲ 12.9%€232,291▼ 10.8%€177,693▼ 23.5%€277,667▲ 56.3%
Working capital-€125,456below the sector's middle half▼ 25.9%-€87,496below the sector's middle half▲ 30.3%-€55,242below the sector's middle half▲ 36.9%-€79,123below the sector's middle half▼ 43.2%-€73,640below the sector's middle half▲ 6.9%
Solvency-493.7%below the sector's middle half▼ 122.8pp-179.1%below the sector's middle half▲ 314.5pp-38.2%below the sector's middle half▲ 141.0pp-42.9%below the sector's middle half▼ 4.7pp-22.8%below the sector's middle half▲ 20.1pp
Current ratio0.19below the sector's middle half▼ 0.030.50below the sector's middle half▲ 0.310.73within the sector's middle half▲ 0.240.55within the sector's middle half▼ 0.180.73within the sector's middle half▲ 0.18
Return on assets (ROA)-36.5%below the sector's middle half▲ 74.2pp26.4%above the sector's middle half▲ 62.9pp61.2%above the sector's middle half▲ 34.8pp8.7%within the sector's middle half▼ 52.5pp0.8%within the sector's middle half▼ 7.9pp
Staff (FTE)11.4
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226,120
Fixed assets
€22,093 ▼ 14.3%
Current assets
€204,027 ▲ 107%
Key figures and ratios
EBITDA
€10,753▼
2023 · €15,218
Cash flow
€9,932▼
2023 · €14,312
Quick ratio
0.67▲
2023 · 0.53
Debt to equity
-5.39▼
2023 · -3.33
Interest coverage
26.81▲
2023 · 18.18
Debt ≤ 1 year
€277,667▲
2023 · €177,693
Income taxes
€448▲
2023 · €92
Staff costs
€38,517▲
2023 · €37,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
3.8%
went bankrupt
1.7%
stopped otherwise
94%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.
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 522 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,599 | - | - |
| Remuneration, social security and pensions62 | - | €4,190 | €10,987 | €37,064 | €38,517 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,633 | €4,139 | €2,901 | €3,487 | €8,131 | ▲ 133% |
| Other operating charges640/8 | €1,491 | €5,533 | €40,571 | €25,664 | €18,477 | ▼ 28.0% |
| Gross operating margin9900 | -€1,929 | €40,107 | €160,595 | €77,947 | €67,746 | ▼ 13.1% |
| Operating profit (loss)9901 | -€13,053 | €26,244 | €106,136 | €11,731 | €2,622 | ▼ 77.7% |
| Financial income75/76B | €2 | €65 | €55 | €24 | €28 | ▲ 21.0% |
| Recurring financial income75 | €2 | €65 | €55 | €24 | €28 | ▲ 21.0% |
| Financial charges65/66B | €1,111 | €1,704 | €3,332 | €837 | €401 | ▼ 52.1% |
| Recurring financial charges65 | €1,111 | €1,704 | €3,332 | €837 | €401 | ▼ 52.1% |
| Profit (loss) for the period before taxes9903 | -€14,162 | €24,605 | €102,859 | €10,917 | €2,249 | ▼ 79.4% |
| Income taxes67/77 | - | - | - | €92 | €448 | ▲ 386% |
| Profit (loss) for the period9904 | -€14,162 | €24,605 | €102,859 | €10,825 | €1,801 | ▼ 83.4% |
| Profit (loss) for the period to be appropriated9905 | -€14,162 | €24,605 | €102,859 | €10,825 | €1,801 | ▼ 83.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,819 | €93,249 | €168,118 | €124,344 | €226,120 | ▲ 81.8% |
| Fixed assets21/28 | €9,506 | €6,647 | €15,069 | €25,774 | €22,093 | ▼ 14.3% |
| Tangible fixed assets22/27 | €9,506 | €6,647 | €15,069 | €25,474 | €21,793 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €1,084 | €9,714 | €10,022 | €9,825 | ▼ 2.0% |
| Furniture and vehicles24 | €2,552 | - | €1,182 | €7,063 | €5,539 | ▼ 21.6% |
| Other tangible fixed assets26 | €6,954 | €5,563 | €4,172 | €8,390 | €6,430 | ▼ 23.4% |
| Financial fixed assets28 | - | - | - | €300 | €300 | = |
| Current assets29/58 | €29,313 | €86,602 | €153,050 | €98,570 | €204,027 | ▲ 107% |
| Stocks and contracts in progress3 | - | €4,000 | €5,274 | €4,835 | €16,768 | ▲ 247% |
| Stocks30/36 | - | €4,000 | €5,274 | €4,835 | €16,768 | ▲ 247% |
| Amounts receivable within one year40/41 | €24,753 | €81,807 | €145,599 | €75,323 | €141,431 | ▲ 87.8% |
| Trade receivables40 | €23,702 | €78,754 | €145,144 | €74,868 | €141,031 | ▲ 88.4% |
| Other amounts receivable41 | €1,051 | €3,053 | €455 | €455 | €400 | ▼ 12.0% |
| Cash at bank and in hand54/58 | €4,560 | €795 | €1,568 | €16,556 | €28,780 | ▲ 73.8% |
| Deferred charges and accrued income490/1 | - | - | €609 | €1,856 | €17,048 | ▲ 819% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,819 | €93,249 | €168,118 | €124,344 | €226,120 | ▲ 81.8% |
| Equity10/15 | -€191,637 | -€167,032 | -€64,173 | -€53,348 | -€51,547 | ▲ 3.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Profit (loss) carried forward14 | -€210,237 | -€185,632 | -€82,773 | -€71,948 | -€70,147 | ▲ 2.5% |
| Amounts payable17/49 | €230,456 | €260,282 | €232,291 | €177,693 | €277,667 | ▲ 56.3% |
| Amounts payable after more than one year17 | - | €10,497 | - | - | - | - |
| Other amounts payable178/9 | - | €10,497 | - | - | - | - |
| Amounts payable within one year42/48 | €154,768 | €174,097 | €208,291 | €177,693 | €277,667 | ▲ 56.3% |
| Trade debts44 | €70,633 | €78,044 | €94,148 | €94,789 | €132,932 | ▲ 40.2% |
| Suppliers440/4 | €70,633 | €78,044 | €94,148 | €94,789 | €132,932 | ▲ 40.2% |
| Advances received on contracts in progress46 | - | €27,399 | €21,694 | €0 | €62,001 | - |
| Taxes, remuneration and social security45 | €13,207 | €5,594 | €12,523 | €15,978 | €27,346 | ▲ 71.1% |
| Taxes450/3 | €12,929 | €5,316 | €12,429 | €7,852 | €15,217 | ▲ 93.8% |
| Remuneration and social security454/9 | €278 | €278 | €94 | €8,126 | €12,129 | ▲ 49.3% |
| Other amounts payable47/48 | €70,929 | €63,060 | €79,927 | €66,926 | €55,389 | ▼ 17.2% |
| Accrued charges and deferred income492/3 | €75,687 | €75,687 | €24,000 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,162 | €24,605 | €102,859 | €10,825 | €1,801 | ▼ 83.4% |
| + Depreciation and write-downs630 | €9,633 | €4,139 | €2,901 | €3,487 | €8,131 | ▲ 133% |
| Operating cash flow (approximation) | -€4,529 | €28,744 | €105,760 | €14,312 | €9,932 | ▼ 30.6% |
| Investment in fixed assets (approximation) | - | -€1,281 | -€11,322 | -€14,193 | -€4,450 | ▲ 68.6% |
| Change in cash | - | -€3,765 | €773 | €14,988 | €12,224 | ▼ 18.4% |
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
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 152 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Highest result since 2018net €102,859 ▲318%
Operating result €106,136, net result €102,859, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 298 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 663 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1029 days late
2021
31-12
Financial
Back to profitnet €24,605
Net result €24,605 after 3 loss-making years.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial 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, Waterloo · 2 establishment units since 2013
Ground area
4,711 m²
Building footprint
289 m²
Volume, LiDAR
765 m³
2 parcels, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Rue de Caraute 64, 1410 Waterloo
since 20132.219.450.565
Le Glam
since 20182.273.096.614
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0455/00E000 | Wallonia | 2,928 m² | 1 · 129 m² | 6.9 m · 2 fl. |
| 92126C0214/00D000 | Wallonia | 1,783 m² | 1 · 160 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSombreffe2.273.096.614
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 333 companies in sector 56302 we hold annual accounts for 169. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56302Nightclubs
41001General construction of residential buildings
41003General construction of other non-residential buildings
46170Agents in the wholesale of food, beverages and tobacco
46190Agents in non-specialised wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47789Other retail sale of new goods
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534951139
Also
9925:BE0534951139
Registered
08-12-2025
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.