BM. SOLUTIONS
ActiveSummary
BM. SOLUTIONS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101k and a net result of €17k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 1330 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+2
Solvency58▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.48 in 2023; short-term debt: 66.6% and cash: 1.9% of total assets), and 66.6% of the assets are financed with debt.
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Signals
Four 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 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
33.4%
Return on assets
5.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
2 d late
2022
56 d late
2021
2 d early
2020
55 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€101k▲ 20.0%
2023 · €84k
Total assets
€302k▲ 22.9%
2023 · €245k
Net result
€17k▲ 59.3%
2023 · €11k
Working capital
€99k▲ 27.0%
2023 · €78k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€34k▲ 570%€31k▼ 7.7%€17k▼ 46.7%€17k▲ 0.8%€24k▲ 41.4%
Net result€25k€16k▼ 36.3%€11k▼ 32.9%€11k=€17k▲ 59.3%
Equity€47k▲ 109%€63k▲ 33.2%€73k▲ 16.7%€84k▲ 14.3%€101k▲ 20.0%
Total assets€175k▲ 112%€219k▲ 25.3%€239k▲ 9.1%€245k▲ 2.6%€302k▲ 22.9%
Debt€128k▲ 114%€156k▲ 22.3%€166k▲ 6.0%€161k▼ 2.6%€201k▲ 24.5%
Working capital€31k▲ 114%€51k▲ 66.3%€64k▲ 24.5%€78k▲ 22.3%€99k▲ 27.0%
Staff (FTE)1.8▲ 12.5%2▲ 11.1%2.3▲ 15.0%2.4▲ 4.3%1.7▼ 29.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 41% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €302k
Fixed assets
€2k ▼ 68.4%
Current assets
€300k ▲ 25.3%
Equity and liabilities €302k
Equity
€101k ▲ 20.0%
Debt
€201k ▲ 24.5%
Debt's share of the balance-sheet total rises from 65.8% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2023 · €22k
Cash flow
€21k▲
2023 · €16k
Current ratio
1.49▲
2023 · 1.48
Debt to equity
1.99▲
2023 · 1.92
ROE
16.7%▲
2023 · 12.5%
ROA
5.6%▲
2023 · 4.3%
Interest coverage
116.57▼
2023 · 144.85
Debt ≤ 1 year
€201k▲
2023 · €161k
Income taxes
€8k▲
2023 · €7k
Staff costs
€70k▲
2023 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €62k | €75k | €56k | €70k | ▲ 24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €5k | €6k | €4k | ▼ 25.6% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 8.8% |
| Gross operating margin9900 | €99k | €100k | €99k | €81k | €100k | ▲ 23.5% |
| Operating profit (loss)9901 | €34k | €31k | €17k | €17k | €24k | ▲ 41.4% |
| Financial income75/76B | - | €1k | €222 | €544 | €1k | ▲ 117% |
| Recurring financial income75 | €88 | €1k | €222 | €544 | €1k | ▲ 117% |
| Financial charges65/66B | - | €207 | €161 | €154 | €238 | ▲ 54.6% |
| Recurring financial charges65 | €1k | €207 | €161 | €154 | €238 | ▲ 54.6% |
| Profit (loss) for the period before taxes9903 | €32k | €32k | €17k | €17k | €25k | ▲ 43.7% |
| Income taxes67/77 | €8k | €16k | €6k | €7k | €8k | ▲ 18.5% |
| Profit (loss) for the period9904 | €25k | €16k | €11k | €11k | €17k | ▲ 59.3% |
| Profit (loss) for the period to be appropriated9905 | €25k | €16k | €11k | €11k | €17k | ▲ 59.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175k | €219k | €239k | €245k | €302k | ▲ 22.9% |
| Fixed assets21/28 | €17k | €12k | €10k | €6k | €2k | ▼ 68.4% |
| Tangible fixed assets22/27 | €16k | €12k | €10k | €6k | €2k | ▼ 68.5% |
| Plant, machinery and equipment23 | - | - | - | €1k | €667 | ▼ 50.0% |
| Furniture and vehicles24 | - | €9k | €8k | €5k | €1k | ▼ 73.6% |
| Other tangible fixed assets26 | - | €3k | €1k | - | - | - |
| Financial fixed assets28 | €10 | €10 | €10 | €10 | €10 | = |
| Current assets29/58 | €158k | €207k | €229k | €239k | €300k | ▲ 25.3% |
| Amounts receivable within one year40/41 | €143k | €198k | €227k | €220k | €290k | ▲ 32.2% |
| Trade receivables40 | - | €189k | €219k | €211k | €277k | ▲ 31.3% |
| Other amounts receivable41 | - | €9k | €8k | €8k | €13k | ▲ 54.4% |
| Cash at bank and in hand54/58 | €14k | €7k | €187 | €17k | €6k | ▼ 65.5% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €3k | €4k | ▲ 39.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175k | €219k | €239k | €245k | €302k | ▲ 22.9% |
| Equity10/15 | €47k | €63k | €73k | €84k | €101k | ▲ 20.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €27k | €42k | €53k | €64k | €80k | ▲ 26.4% |
| Amounts payable17/49 | €128k | €156k | €166k | €161k | €201k | ▲ 24.5% |
| Amounts payable within one year42/48 | €128k | €156k | €166k | €161k | €201k | ▲ 24.5% |
| Trade debts44 | €94k | €119k | €119k | €130k | €161k | ▲ 23.7% |
| Suppliers440/4 | - | €119k | €119k | €130k | €161k | ▲ 23.7% |
| Taxes, remuneration and social security45 | - | €19k | €27k | €16k | €28k | ▲ 73.8% |
| Taxes450/3 | - | €10k | €16k | €13k | €14k | ▲ 13.2% |
| Remuneration and social security454/9 | - | €8k | €11k | €3k | €14k | ▲ 299% |
| Other amounts payable47/48 | - | €19k | €20k | €15k | €12k | ▼ 21.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €16k | €11k | €11k | €17k | ▲ 59.3% |
| + Depreciation and write-downs630 | €4k | €5k | €5k | €6k | €4k | ▼ 25.6% |
| Operating cash flow (approximation) | €29k | €20k | €16k | €16k | €21k | ▲ 29.6% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-8k | €-7k | €17k | €-11k | ▼ 166% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €100kEq €101k ▲20%
5 profitable years in a row build equity to €101k.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lokeren · 1 establishment unit since 2011
Ground area
433 m²
Building footprint
120 m²
Volume, LiDAR
434 m³
Parcel 46384E1387/00D005, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BM. SOLUTIONS
since 20112.203.208.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384E1387/00D005 | Flanders | 433 m² | 1 · 120 m² | 8.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,824 companies in sector 42220 we hold annual accounts for 955. 713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.