BMACON
ActiveSummary
BMACON has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37.8m and a net result of €3.2m. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability25▼-26
Solvency100▲+31
Growth67▲+8
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.41 in 2023; short-term debt: 23.2% and cash: 0.1% of total assets), and 24.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
75.7%
Return on assets
6.5%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
3 d early
2023
7 d early
2022
26 d early
2021
26 d early
2020
18 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1.0m▼ 14.0%
2023 · €1.2m
EBIT margin
0.1%▼ 32.3pp
2023 · 32.4%
Net result
€3.2m▲ 132%
2023 · €1.4m
Working capital
-€11.3m▼ 1,255%
2023 · -€837,360
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
Line20202021202220232025
Turnover€1.1m▲ 0.9%€1.1m▲ 0.9%€1.1m▲ 3.6%€1.2m▲ 7.3%€1.0m-
Operating result€355,255▲ 4.0%€332,495▼ 6.4%€387,596▲ 16.6%€388,298▲ 0.2%€1,059-
Net result€9.0m▲ 386%€1.1m▼ 87.8%€4.4m▲ 304%€1.4m▼ 68.4%€3.2m-
EBIT margin33.3%▲ 1.0pp30.8%▼ 2.4pp34.7%▲ 3.9pp32.4%▼ 2.3pp0.1%-
Equity€25.5m▲ 42.6%€21.2m▼ 17.1%€12.2m▼ 42.5%€11.6m▼ 4.4%€37.8m-
Total assets€27.2m▲ 1.2%€26.8m▼ 1.7%€29.9m▲ 11.9%€26.7m▼ 10.8%€49.9m-
Debt€1.7m▼ 81.3%€5.6m▲ 233%€17.8m▲ 218%€15.1m▼ 15.2%€12.1m-
Working capital-€596,855▼ 480%-€370,639▲ 37.9%€3.7m-€837,360-€11.3m-
Staff (FTE)2-
Result per fiscal year
Operating resultNet result
The operating result is €1,059 in 2025, compared with €388,298 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €49.9m
Fixed assets
€49.7m ▲ 90.1%
Current assets
€257,576 ▼ 54.8%
Equity and liabilities €49.9m
Equity
€37.8m ▲ 225%
Debt
€12.1m ▼ 19.6%
Debt's share of the balance-sheet total falls from 56.4% to 24.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,346
Cash flow
€3.2m
Current ratio
0.02▼
2023 · 0.41
Debt to equity
0.32▼
2023 · 1.29
ROE
8.6%▼
2023 · 12.0%
ROA
6.5%▲
2023 · 5.2%
Interest coverage
0.01
Debt ≤ 1 year
€11.6m▲
2023 · €1.4m
Debt > 1 year
€47,720▼
2023 · €13.7m
Income taxes
€300▼
2023 · €54,000
Staff costs
€490,974
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.1m | €1.1m | €1.2m | €1.0m | - |
| Turnover70 | €1.1m | €1.1m | €1.1m | €1.2m | €1.0m | - |
| Other operating income74 | - | - | - | - | €879 | - |
| Operating charges60/66A | - | €745,758 | €729,258 | €810,424 | €1.0m | - |
| Services and other goods61 | - | €744,789 | €728,288 | €809,355 | €532,449 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €490,974 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €5,287 | - |
| Other operating charges640/8 | - | €969 | €970 | €1,069 | €1,760 | - |
| Operating profit (loss)9901 | €355,255 | €332,495 | €387,596 | €388,298 | €1,059 | - |
| Financial income75/76B | - | €856,104 | €4.3m | €1.3m | €3.7m | - |
| Recurring financial income75 | €8.7m | €856,104 | €4.3m | €1.3m | €3.7m | - |
| Income from financial fixed assets750 | - | €850,827 | €4.3m | €1.3m | €3.7m | - |
| Other financial income752/9 | - | €5,277 | €5,737 | €41,654 | €8,839 | - |
| Financial charges65/66B | - | €4,366 | €251,133 | €228,779 | €433,101 | - |
| Recurring financial charges65 | €51,598 | €4,366 | €251,133 | €228,779 | €433,101 | - |
| Debt charges650 | €51,148 | €3,736 | €250,604 | €228,055 | €432,384 | - |
| Other financial charges652/9 | - | €630 | €529 | €723 | €716 | - |
| Profit (loss) for the period before taxes9903 | €9.0m | €1.2m | €4.5m | €1.5m | €3.2m | - |
| Income taxes67/77 | €81,177 | €88,978 | €38,131 | €54,000 | €300 | - |
| Taxes670/3 | - | €88,978 | €43,758 | €54,000 | €300 | - |
| Tax adjustments and reversals of tax provisions77 | - | €0 | €5,626 | €0 | €0 | - |
| Profit (loss) for the period9904 | €9.0m | €1.1m | €4.4m | €1.4m | €3.2m | - |
| Profit (loss) for the period to be appropriated9905 | €9.0m | €1.1m | €4.4m | €1.4m | €3.2m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27.2m | €26.8m | €29.9m | €26.7m | €49.9m | - |
| Fixed assets21/28 | €26.1m | €26.1m | €26.1m | €26.1m | €49.7m | - |
| Tangible fixed assets22/27 | - | - | - | - | €68,979 | - |
| Land and buildings22 | - | - | - | - | €3,773 | - |
| Leasing and similar rights25 | - | - | - | - | €65,206 | - |
| Financial fixed assets28 | €26.1m | €26.1m | €26.1m | €26.1m | €49.6m | - |
| Affiliated companies280/1 | - | €26.1m | €26.1m | €26.1m | €49.6m | - |
| Participating interests280 | - | €26.1m | €26.1m | €26.1m | €49.6m | - |
| Current assets29/58 | €1.1m | €620,305 | €3.8m | €570,463 | €257,576 | - |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €838,193 | €146,527 | €3.8m | €431,389 | €202,574 | - |
| Trade receivables40 | - | €146,279 | €409,420 | €408,074 | €200,106 | - |
| Other amounts receivable41 | - | €247 | €3.4m | €23,315 | €2,469 | - |
| Cash at bank and in hand54/58 | €235,692 | €473,778 | €42,398 | €134,923 | €51,869 | - |
| Deferred charges and accrued income490/1 | - | - | €4,152 | €4,152 | €3,132 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27.2m | €26.8m | €29.9m | €26.7m | €49.9m | - |
| Equity10/15 | €25.5m | €21.2m | €12.2m | €11.6m | €37.8m | - |
| Contributions10/11 | €15.9m | €15.9m | €2.5m | €2.5m | €26.0m | - |
| Capital10 | - | €15.9m | €2.5m | - | - | - |
| Issued capital100 | - | €15.9m | €2.5m | - | - | - |
| Reserves13 | €630,607 | €630,607 | €630,607 | €630,607 | €630,607 | - |
| Non-distributable reserves130/1 | - | €630,607 | €630,607 | €630,607 | €630,607 | - |
| Legal reserve130 | - | €630,607 | €630,607 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €630,607 | €630,607 | - |
| Profit (loss) carried forward14 | €9.0m | €4.6m | €9.0m | €8.5m | €11.2m | - |
| Amounts payable17/49 | €1.7m | €5.6m | €17.8m | €15.1m | €12.1m | - |
| Amounts payable after more than one year17 | €0 | €4.6m | €17.4m | €13.7m | €47,720 | - |
| Financial debts170/4 | - | €4.6m | €17.4m | €13.7m | €47,720 | - |
| Subordinated loans170 | - | €4.6m | €17.4m | €13.7m | €0 | - |
| Leasing and similar obligations172 | - | - | - | - | €47,720 | - |
| Amounts payable within one year42/48 | €1.7m | €990,944 | €113,595 | €1.4m | €11.6m | - |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11.5m | - |
| Trade debts44 | €251,286 | €6,228 | €62,163 | €168,280 | €8,962 | - |
| Suppliers440/4 | - | €6,228 | €62,163 | €168,280 | €8,962 | - |
| Taxes, remuneration and social security45 | - | €109,842 | €51,432 | €62,206 | €80,303 | - |
| Taxes450/3 | - | €109,842 | €51,432 | €62,206 | €250 | - |
| Remuneration and social security454/9 | - | - | - | - | €80,054 | - |
| Other amounts payable47/48 | - | €874,875 | €0 | €1.2m | €0 | - |
| Accrued charges and deferred income492/3 | - | €8,834 | €246,447 | €2,229 | €456,439 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9.0m | €1.1m | €4.4m | €1.4m | €3.2m | - |
| + Depreciation and write-downs630 | - | - | - | - | €5,287 | - |
| Operating cash flow (approximation) | €9.0m | €1.1m | €4.4m | €1.4m | €3.2m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €238,086 | -€431,380 | €92,524 | - | - |
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
Next filing, fiscal year 2026, expected by
2026
07-09
State Gazette act
General meeting · Merger
Other statement · Accounting effect
07-09
State Gazette act
General meeting · Merger
Shareholding · Declaration
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
2025
31-12
Financial
Equity above €25mEq €37.8m ▲225%
7 profitable years in a row build equity to €37.8m.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-11
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 54current ratio 33.50
Current ratio from 0.63 to 33.50; short-term debt falls from €990,944 to €113,595.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Highest result since 2018net €9.0m ▲386%
Net result €9.0m, the highest in the series.
31-12
Financial
Equity above €25mEq €25.5m ▲42.6%
3 profitable years in a row build equity to €25.5m.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Antwerpen · 1 establishment unit since 2011
Ground area
1.9 ha
Building footprint
1.1 ha
Volume, LiDAR
82,640 m³
Parcel 11807G1695/00D000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Noorderlaan 131, 2030 Antwerpen
since 20112.221.662.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1695/00D000 | Flanders | 1.9 ha | 1 · 1.1 ha | 10.6 m · 2 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.
Structure & network
Owners and holdings
2 owners · 3 holdings · 12 subsidiaries in the treeChain of control
Highest known parent: Brightco. The sources do not say who stands above it.
Owners 2
- BGCOSparentSourceaccounts BGCOS 2024100%
- Sourceaccounts PFSIC 202317.5%
Holdings 3
-
99.99%
-
1%
- Sourceaccounts BOMA 20230.03%
All subsidiaries, including indirect ones 12
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
PFS GROUP 99.99%11 subsidiaries
Bieba Consult 100%1 subsidiary
- Produkten BIELEN 100%
- BOMA SASFR 100%
- GREENSPEED BVNL 100%
- SEIFAR 100%
- BOMA LUXEMBOURG SALU 99.99%
- BOMA 99.97%
- GREENSPEED 99%
- BOMA NEDERLAND BVNL 90%
- I-TEAM BENELUX BVNL 80%
- I-TEAM FRANCE SASFR 80%
According to the 2023 annual accounts of BMACON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 6,077 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
Founded27-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842240607
Also
9925:BE0842240607
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.