BM Projects
ActiveSummary
BM Projects has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,767 and a net result of €16,742. Equity has been growing by about 16% per year since 2023. Its solvency ranks better than 75% of 5,718 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-02-2023 Normal situation
- Activity
- Beauty care and other beauty treatments NACE 96220and 5 others
- Establishment unit
- 2.342.748.750 2950 Kapellen, since 10-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 01-08-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €36,723
- ▲ 186%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €16,742
- Equity
- €50,767
- ▲ 49.2%
- Total assets
- €87,426
- ▼ 15.9%
- 2025 accounts filed 4 days after the deadline
Score breakdownraises riskFounded in 2023Size: total assets €87,426lowers riskLiquidity: current ratio 2.47, cash €54,978Equity €50,767 (58.1% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 96, micro). It does better than 74% of them on solvency, 88% on liquidity, 81% on profitability and 81% on growth.
The bankruptcy probability was computed on 02-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 6 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 4 days after the deadline Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00379705.
Annual accounts 2025 filed on 04-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is nearly 17 times that of 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €41,275 | €4,427 | - |
| Financial fixed assets | - | - | €0 |
| Depreciation and write-downs of the year | €5,161 | €9,529 | €9,997 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,161 | €9,529 | €9,997 | ▲ 4.9% |
| Other operating charges640/8 | €2,120 | €1,748 | €1,068 | ▼ 38.9% |
| Gross operating margin9900 | €55,718 | €12,823 | €36,723 | ▲ 186% |
| Operating profit (loss)9901 | €48,438 | €1,546 | €25,657 | ▲ 17× |
| Financial income75/76B | €27 | €229 | €121 | ▼ 47.3% |
| Recurring financial income75 | €27 | €229 | €121 | ▼ 47.3% |
| Financial charges65/66B | €2,383 | €3,219 | €3,523 | ▲ 9.4% |
| Recurring financial charges65 | €2,383 | €3,219 | €3,523 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €46,082 | -€1,444 | €22,255 | - |
| Income taxes67/77 | €10,840 | €2,772 | €5,513 | ▲ 98.9% |
| Profit (loss) for the period9904 | €35,242 | -€4,216 | €16,742 | - |
| Profit (loss) for the period to be appropriated9905 | €35,242 | -€4,216 | €16,742 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €98,949 | €103,900 | €87,426 | ▼ 15.9% |
| Formation expenses20 | €91 | €0 | - | - |
| Fixed assets21/28 | €36,894 | €31,883 | €21,886 | ▼ 31.4% |
| Tangible fixed assets22/27 | €36,894 | €31,883 | €21,886 | ▼ 31.4% |
| Plant, machinery and equipment23 | €3,403 | €3,782 | €2,117 | ▼ 44.0% |
| Furniture and vehicles24 | €30,845 | €26,055 | €18,323 | ▼ 29.7% |
| Other tangible fixed assets26 | €2,647 | €2,047 | €1,447 | ▼ 29.3% |
| Current assets29/58 | €61,964 | €72,017 | €65,540 | ▼ 9.0% |
| Stocks and contracts in progress3 | €3,617 | €5,272 | €6,127 | ▲ 16.2% |
| Stocks30/36 | €3,617 | €5,272 | €6,127 | ▲ 16.2% |
| Amounts receivable within one year40/41 | €2,366 | €44,013 | €4,312 | ▼ 90.2% |
| Trade receivables40 | - | €35,985 | €0 | ▼ 100% |
| Other amounts receivable41 | €2,366 | €8,028 | €4,312 | ▼ 46.3% |
| Cash at bank and in hand54/58 | €55,329 | €17,776 | €54,978 | ▲ 209% |
| Deferred charges and accrued income490/1 | €652 | €4,957 | €122 | ▼ 97.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €98,949 | €103,900 | €87,426 | ▼ 15.9% |
| Equity10/15 | €38,242 | €34,026 | €50,767 | ▲ 49.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €35,242 | €31,026 | €47,767 | ▲ 54.0% |
| Amounts payable17/49 | €60,707 | €69,875 | €36,658 | ▼ 47.5% |
| Amounts payable after more than one year17 | €21,649 | €16,032 | €10,117 | ▼ 36.9% |
| Financial debts170/4 | €21,649 | €16,032 | €10,117 | ▼ 36.9% |
| Amounts payable within one year42/48 | €36,057 | €53,843 | €26,541 | ▼ 50.7% |
| Current portion of amounts payable after more than one year42 | €5,335 | €5,617 | €5,914 | ▲ 5.3% |
| Financial debts43 | - | €2,029 | €2,019 | ▼ 0.5% |
| Credit institutions430/8 | - | €2,029 | €2,019 | ▼ 0.5% |
| Trade debts44 | €1,186 | €26,827 | €1,723 | ▼ 93.6% |
| Suppliers440/4 | €1,186 | €26,827 | €1,723 | ▼ 93.6% |
| Taxes, remuneration and social security45 | €10,840 | €0 | €252 | - |
| Taxes450/3 | €10,840 | €0 | €252 | - |
| Other amounts payable47/48 | €18,696 | €19,370 | €16,633 | ▼ 14.1% |
| Accrued charges and deferred income492/3 | €3,000 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,242 | -€4,216 | €16,742 | - |
| + Depreciation and write-downs630 | €5,161 | €9,529 | €9,997 | ▲ 4.9% |
| Operating cash flow (approximation) | €40,403 | €5,312 | €26,739 | ▲ 403% |
| Investment in fixed assets (approximation) | - | -€4,518 | €0 | - |
| Change in cash | - | -€37,554 | €37,202 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as BM Projects has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BM Projects itself is lower: 0.2% within 12 months. It rests on far more data about BM Projects than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 39,278 companies, not a prediction for BM Projects. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VANDENBUSSCHE Diederik Théophile Helmina 600 shares (20%) · €600
- MOSCATO Bianca Maria Theo 2,400 shares (80%) · €2,400
Capital transactions
- 14-02-2023 Incorporation · €3,000 · 3,000 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register aandelen op naam met WVV-vermeldingen”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 14-02-2023 (in Dutch)
Network & group
BM Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BM Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-02
Gazette deed
IncorporationStarting capital €3,000 · Appointment: MOSCATO Bianca Maria Theo (director) · Registered office clause · Board rule11 points ▸
- Registered office clause, “2950 Kapellen,Essenhoutstraat 55” (deed in Dutch)
- Other provision, “info@puur-kapellen.be, website en e-mailadres” (deed in Dutch)
- Director appointment, MOSCATO Bianca Maria Theo (director)
- Board rule, 1
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Power of attorney, Peter Geeraerts
- Incorporation, 08-02-2023
- Founder, VANDENBUSSCHE Diederik Théophile Helmina
- Founder, MOSCATO Bianca Maria Theo
- Founding capital, €3,000
- Capital
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
16 activities
- Het aankopen,verkopen,huren,verhuren en leasen van roerende en onroerende goederen
- Het uitbaten van drankgelegenheden,hotels,logementshuizen,spijshuizen,restaurants,broodjeszaken,discotheken,dancings alsmede de organisatie van alle aanverwante horeca-activiteiten,zoals het organiseren van feesten,vertoningen,optredens en happenings,dit alles zowel voor eigen rekening als in opdracht en voor rekening van derden
- Het uitbaten van massagesalons,zonnebankcentra,salons voor schoonheidsverzorging,nagelstudio’s kapperssalons,schoonheidssalons,brood en banketbakkerij,beenhouwerij-spekslagerij,automatische wassalons,droogkuisdepots,kleinhandel in algemene voedingswaren en huishoudelijke artikelen,drogisterij,carwash,werkplaats voor onderhoud aan om het even welk vervoermiddelen,benzinestation zowel op een vaste plaats of ambulant
- Het produceren van beeld- en geluidsopnamen,zowel voor animatie als publicitaire doeleinden en dit in eigen productie of in opdracht van derden
- De invoer,uitvoer,groot- en kleinhandel in producten van de visvangst,land- en tuinbouw,veeteelt en voedingsbedrijven,scheikundige nijverheid,papiernijverheid en drukkunst,ledernijverheid;textiel- en kledingnijverheid,keramische-,glas- en bouwnijverheid,kunst- en de precisienijverheid,recuperatie industrie,elektrische en elektronische industrie
- De invoer,uitvoer,groot- en kleinhandel in schoonheidsproducten en toiletartikelen,juwelen,edele metalen en edelstenen;schoonheidsproducten meubelen en artikelen voor binnenhuisinrichting
- Auto’s,moto’s,fietsen en allerhande voertuigen,tabaksfabricaten onder alle vormen,frisdranken,bieren,wijnen en sterke dranken
- De plaatsing,onderhoud en verkoop van alle soorten sanitaire installatie,elektrische installatie,klimaat regelende installatie,gasinstallaties,verwarmings- en koelinstallatie,computerinstallaties,telefoonnetwerken en telecommunicatie installaties,sprinklerinstallaties en andere brandbeveiligingssystemen,schilderwerken,houten en metalen constructies,garagepoorten,vloerbedekking,isolatiematerialen,winkelinrichting,keukens,serres,meubilair,sportvelden,tuinen,gebouwen zowel privé als voor industriële doeleinden
- Schrijnwerkerij
- Het coördineren van werfactiviteiten,het begeleiden van alle werkzaamheden in de bouwsector,het verlenen van bijstand bij de oplevering
- Het vervoer over land,te water en in de lucht van goederen,zowel voor eigen rekening als in opdracht en voor rekening van derden
- Alle activiteiten in de logistieke sector en alle daarmee gerelateerde activiteiten en deelactiviteiten in de ruimste zin met als doel een toegevoegde waarde te leveren aan bedrijven en ondernemingen in alle sectoren
- Optreden als tussenpersoon in de handel
- Het uitoefenen van een leidinggevende functie binnen een onderneming of organisatie
- Activiteiten van grafische designers,interieurdecorateurs,fotografen,op het gebied van informatie,op het vlak van geestelijke gezondheidszorg,op het vlak van menselijke gezondheidszorg,op het vlak van recreatie- en ontspanningsactiviteiten
- Het uitoefenen van diverse administratieve activiteiten ten behoeve van derden
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0798.313.067
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11902F0136/00G000 | Flanders | 279 m² | 1 · 111 m² | 9.1 m · 2 |