BM PROJECTS
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (112 days) Filed on 20 November 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00602864.
Turnover
≈ €130,000
Estimated: probably between €77,000 and €230,000
Total assets
€247,880▲ 14.2%
2022 · €217,090
Net result
€29,815
2022 · -€12,212
Working capital
-€130,243▲ 18.6%
2022 · -€160,058
Trend over the years
2019 to 2023, 5 financial years
The operating result returns to profit in 2023: €31,298 after a loss of €5,460 in 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.03m
2023
Net result€0.03m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.2m
2023
Equity-€0.1m
2023
Debt€0.4m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.1m
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.05m-€0.006m▼ 87.5%-€0.2m-€0.005m▲ 96.6%€0.03m
Net result€0.03m--€0.01m-€0.2m▼ 1,146%-€0.01m▲ 92.9%€0.03m
Equity€0.04m-€0.03m▼ 35.5%-€0.1m-€0.2m▼ 8.3%-€0.1m▲ 18.6%
Total assets€1.4m-€1.8m▲ 25.6%€0.2m▼ 87.8%€0.2m▲ 1.2%€0.2m▲ 14.2%
Debt€1.4m-€1.7m▲ 27.3%€0.4m▼ 79.1%€0.4m▲ 4.1%€0.4m▲ 0.3%
Working capital€1.0m-€0.03m▼ 97.3%-€0.1m-€0.2m▼ 8.3%-€0.1m▲ 18.6%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Solvency
-52.5%▲
2022 · -73.7%
Current ratio
0.66▲
2022 · 0.58
Quick ratio
0.41▲
2022 · 0.07
ROA
12.0%▲
2022 · -5.6%
Debt ≤ 1 year
€378,124▲
2022 · €377,148
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €1,253 | €968 | €638 | ▼ 34.1% |
| Gross operating margin9900 | €46,695 | €6,147 | -€158,837 | -€4,492 | €31,936 | - |
| Operating profit (loss)9901 | €45,059 | €5,622 | -€160,090 | -€5,460 | €31,298 | - |
| Financial income75/76B | - | - | €0 | €0 | €13 | - |
| Recurring financial income75 | - | €2,126 | €0 | €0 | €13 | - |
| Financial charges65/66B | - | - | €12,991 | €6,753 | €1,496 | ▼ 77.8% |
| Recurring financial charges65 | €4,820 | €21,634 | €12,991 | €6,753 | €1,496 | ▼ 77.8% |
| Profit (loss) for the period before taxes9903 | €40,239 | -€13,886 | -€173,081 | -€12,212 | €29,815 | - |
| Income taxes67/77 | €11,118 | €0 | €0 | €0 | - | - |
| Profit (loss) for the period9904 | €29,122 | -€13,886 | -€173,081 | -€12,212 | €29,815 | - |
| Profit (loss) for the period to be appropriated9905 | €29,122 | -€13,886 | -€173,081 | -€12,212 | €29,815 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.8m | €0.2m | €0.2m | €0.2m | ▲ 14.2% |
| Current assets29/58 | €1.4m | €1.8m | €0.2m | €0.2m | €0.2m | ▲ 14.2% |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €0.2m | €0.2m | €0.09m | ▼ 50.0% |
| Stocks30/36 | - | - | €0.2m | €0.2m | €0.09m | ▼ 50.0% |
| Amounts receivable within one year40/41 | €0.006m | €0.4m | €0.03m | €0.03m | €0.1m | ▲ 492% |
| Trade receivables40 | - | - | €0 | - | - | - |
| Other amounts receivable41 | - | - | €0.03m | €0.03m | €0.1m | ▲ 492% |
| Cash at bank and in hand54/58 | €0.2m | €0.07m | €0 | €0.003m | €0.004m | ▲ 65.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.8m | €0.2m | €0.2m | €0.2m | ▲ 14.2% |
| Equity10/15 | €0.04m | €0.03m | -€0.1m | -€0.2m | -€0.1m | ▲ 18.6% |
| Contributions10/11 | - | - | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €2 | -€0.01m | -€0.2m | -€0.2m | -€0.2m | ▲ 15.0% |
| Amounts payable17/49 | €1.4m | €1.7m | €0.4m | €0.4m | €0.4m | ▲ 0.3% |
| Amounts payable after more than one year17 | €0.9m | €0.001m | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €1.7m | €0.4m | €0.4m | €0.4m | ▲ 0.3% |
| Financial debts43 | - | - | €0.001m | €80 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €0.001m | €80 | €0 | ▼ 100% |
| Trade debts44 | €0.004m | €0.004m | €0.006m | €0.007m | €425 | ▼ 94.2% |
| Suppliers440/4 | - | - | €0.006m | €0.007m | €425 | ▼ 94.2% |
| Taxes, remuneration and social security45 | - | - | €0 | - | - | - |
| Taxes450/3 | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €0.4m | €0.4m | €0.4m | ▲ 2.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,122 | -€13,886 | -€173,081 | -€12,212 | €29,815 | - |
| Operating cash flow (approximation) | €29,122 | -€13,886 | -€173,081 | -€12,212 | €29,815 | - |
| Change in cash | - | -€79,477 | -€71,244 | €2,515 | €1,641 | ▼ 34.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 20-11-2024 | 2024-00602864 |
| 31-12-2022 | micro format | 20-11-2024 | 2024-00602862 |
| 31-12-2021 | micro format | 20-11-2024 | 2024-00602855 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63700601 |
| 31-12-2019 | micro format | 30-08-2020 | 2020-49100561 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.