BMANAGEMENT
ActiveSummary
BMANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €271,782 and a net result of -€4,284. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-2
Solvency50▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.32 in 2024; short-term debt: 29.9% and cash: 3.9% of total assets), and 75.4% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
26 d late
2023
21 d late
2022
17 d late
2021
17 d late
2020
5 d early
2019
25 d late
← 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 18 days after 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. Usually files around 22 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,284
2024 · €15,964
Working capital
-€223,911▲ 11.8%
2024 · -€253,792
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€22,125▼ 49.2%€7,255▼ 67.2%€57,931▲ 698%€40,695▼ 29.8%€10,294▼ 74.7%
Net result€8,933within the sector's middle half▼ 68.5%-€18,428below the sector's middle half€19,690within the sector's middle half€15,964within the sector's middle half▼ 18.9%-€4,284below the sector's middle half
Equity€258,841within the sector's middle half▲ 3.6%€240,413within the sector's middle half▼ 7.1%€260,103within the sector's middle half▲ 8.2%€276,067within the sector's middle half▲ 6.1%€271,782within the sector's middle half▼ 1.6%
Total assets€986,471within the sector's middle half▲ 16.1%€1.3mwithin the sector's middle half▲ 28.0%€1.3mwithin the sector's middle half▼ 1.0%€1.2mwithin the sector's middle half▼ 5.1%€1.1mwithin the sector's middle half▼ 7.0%
Debt€727,630▲ 21.3%€1.0m▲ 40.5%€990,072▼ 3.2%€910,623▼ 8.0%€831,420▼ 8.7%
Working capital-€60,635within the sector's middle half▲ 33.1%-€345,547below the sector's middle half▼ 470%-€306,984below the sector's middle half▲ 11.2%-€253,792below the sector's middle half▲ 17.3%-€223,911below the sector's middle half▲ 11.8%
Solvency26.2%within the sector's middle half▼ 3.2pp19.0%below the sector's middle half▼ 7.2pp20.8%below the sector's middle half▲ 1.8pp23.3%within the sector's middle half▲ 2.5pp24.6%within the sector's middle half▲ 1.4pp
Current ratio0.63within the sector's middle half▲ 0.370.19below the sector's middle half▼ 0.440.28below the sector's middle half▲ 0.090.32below the sector's middle half▲ 0.040.32below the sector's middle half=
Return on assets (ROA)0.9%within the sector's middle half▼ 2.4pp-1.5%below the sector's middle half▼ 2.4pp1.6%within the sector's middle half▲ 3.0pp1.3%within the sector's middle half▼ 0.2pp-0.4%below the sector's middle half▼ 1.7pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€997,295 ▼ 6.5%
Current assets
€105,908 ▼ 11.7%
Equity and liabilities €1.1m
Equity
€271,782 ▼ 1.6%
Debt
€831,420 ▼ 8.7%
Debt's share of the balance-sheet total falls from 76.7% to 75.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€80,337▼
2024 · €109,935
Cash flow
€65,759▼
2024 · €85,203
Debt to equity
3.06▼
2024 · 3.30
ROE
-1.6%▼
2024 · 5.8%
Interest coverage
6.46▼
2024 · 8.35
Debt ≤ 1 year
€329,819▼
2024 · €373,668
Debt > 1 year
€500,193▼
2024 · €531,809
Income taxes
€2,183▼
2024 · €11,580
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,422 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,168 | €47,633 | €68,826 | €69,239 | €70,043 | ▲ 1.2% |
| Other operating charges640/8 | €6,782 | €1,198 | €1,513 | €6,488 | €2,714 | ▼ 58.2% |
| Gross operating margin9900 | €52,076 | €56,086 | €128,270 | €116,422 | €83,051 | ▼ 28.7% |
| Operating profit (loss)9901 | €22,125 | €7,255 | €57,931 | €40,695 | €10,294 | ▼ 74.7% |
| Financial income75/76B | €0 | €0 | €33 | €8 | €33 | ▲ 296% |
| Recurring financial income75 | €0 | €0 | €33 | €8 | €33 | ▲ 296% |
| Financial charges65/66B | €10,059 | €12,186 | €14,312 | €13,159 | €12,429 | ▼ 5.6% |
| Recurring financial charges65 | €10,059 | €12,186 | €14,312 | €13,159 | €12,429 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €12,066 | -€4,931 | €43,652 | €27,544 | -€2,101 | ▼ 108% |
| Income taxes67/77 | €3,133 | €13,496 | €23,962 | €11,580 | €2,183 | ▼ 81.1% |
| Profit (loss) for the period9904 | €8,933 | -€18,428 | €19,690 | €15,964 | -€4,284 | ▼ 127% |
| Profit (loss) for the period to be appropriated9905 | €8,933 | -€18,428 | €19,690 | €15,964 | -€4,284 | ▼ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €986,471 | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.0% |
| Fixed assets21/28 | €882,957 | €1.2m | €1.1m | €1.1m | €997,295 | ▼ 6.5% |
| Tangible fixed assets22/27 | €674,873 | €972,188 | €921,039 | €857,870 | €787,826 | ▼ 8.2% |
| Land and buildings22 | €672,872 | €932,267 | €887,523 | €831,519 | €771,094 | ▼ 7.3% |
| Furniture and vehicles24 | €2,001 | €39,921 | €33,516 | €26,351 | €16,733 | ▼ 36.5% |
| Financial fixed assets28 | €208,084 | €208,084 | €208,944 | €208,944 | €209,468 | ▲ 0.3% |
| Current assets29/58 | €103,515 | €82,456 | €120,191 | €119,876 | €105,908 | ▼ 11.7% |
| Amounts receivable within one year40/41 | €26,758 | €48,116 | €90,630 | €48,287 | €53,546 | ▲ 10.9% |
| Trade receivables40 | €23,958 | €45,316 | €90,630 | €48,287 | €53,546 | ▲ 10.9% |
| Other amounts receivable41 | €2,800 | €2,800 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €74,775 | €32,175 | €27,094 | €21,921 | €43,020 | ▲ 96.3% |
| Deferred charges and accrued income490/1 | €1,981 | €2,165 | €2,468 | €49,668 | €9,342 | ▼ 81.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €986,471 | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.0% |
| Equity10/15 | €258,841 | €240,413 | €260,103 | €276,067 | €271,782 | ▼ 1.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €21,550 | €37,513 | €37,513 | = |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | - | €1,860 | €21,550 | €37,513 | €37,513 | = |
| Profit (loss) carried forward14 | €244,581 | €226,153 | €226,153 | €226,153 | €221,869 | ▼ 1.9% |
| Amounts payable17/49 | €727,630 | €1.0m | €990,072 | €910,623 | €831,420 | ▼ 8.7% |
| Amounts payable after more than one year17 | €563,481 | €593,444 | €562,889 | €531,809 | €500,193 | ▼ 5.9% |
| Financial debts170/4 | €563,481 | €593,444 | €562,889 | €531,809 | €500,193 | ▼ 5.9% |
| Amounts payable within one year42/48 | €164,149 | €428,003 | €427,175 | €373,668 | €329,819 | ▼ 11.7% |
| Current portion of amounts payable after more than one year42 | €32,307 | €33,409 | €33,926 | €34,452 | €34,987 | ▲ 1.6% |
| Financial debts43 | - | - | €81 | €0 | - | - |
| Credit institutions430/8 | - | - | €81 | €0 | - | - |
| Trade debts44 | €20,440 | €43,730 | €25,967 | €30,705 | €33,569 | ▲ 9.3% |
| Suppliers440/4 | €20,440 | €43,730 | €25,967 | €30,705 | €33,569 | ▲ 9.3% |
| Taxes, remuneration and social security45 | €29,116 | €17,670 | €35,667 | €42,191 | €36,924 | ▼ 12.5% |
| Taxes450/3 | €25,116 | €13,670 | €27,667 | €38,191 | €32,924 | ▼ 13.8% |
| Remuneration and social security454/9 | €4,000 | €4,000 | €8,000 | €4,000 | €4,000 | = |
| Other amounts payable47/48 | €82,286 | €333,194 | €331,534 | €266,320 | €224,339 | ▼ 15.8% |
| Accrued charges and deferred income492/3 | - | €868 | €7 | €5,146 | €1,408 | ▼ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,933 | -€18,428 | €19,690 | €15,964 | -€4,284 | ▼ 127% |
| + Depreciation and write-downs630 | €23,168 | €47,633 | €68,826 | €69,239 | €70,043 | ▲ 1.2% |
| Operating cash flow (approximation) | €32,101 | €29,205 | €88,516 | €85,203 | €65,759 | ▼ 22.8% |
| Investment in fixed assets (approximation) | - | -€344,947 | -€18,538 | -€6,070 | -€524 | ▲ 91.4% |
| Change in cash | - | -€42,600 | -€5,082 | -€5,173 | €21,099 | ▲ 508% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Back to profitnet €19,690
Net result €19,690 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet -€18,428
Net result drops to -€18,428, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €28,370 ▲63.5%
Net result €28,370, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
Show earlier events
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
12-07
State Gazette act
General meeting · Director reappointment
Mandate term
2015
16-09
State Gazette act
General meeting · Director appointment
Permanent representative · Auditor appointment
25-02
State Gazette act
Board meeting · Registered-office move
Director resignation · Director appointment
Financial milestoneState Gazette actNBB 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, Brussel · 1 establishment unit since 2014
Ground area
1,171 m²
Building footprint
652 m²
Volume, LiDAR
12,918 m³
2 parcels, Brussels, Wallonia · tallest building 21.4 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Avenue Hippocrate 5, 4000 Liège
since 20142.238.791.474
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62826D0504/00C003 | Wallonia | 955 m² | 1 · 540 m² | 21.4 m · 7 fl. |
| 21808H1794/00W006 | Brussels | 215 m² | 1 · 112 m² | 20.9 m · 6 fl. |
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.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,617 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
Founded30-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0566958268
Registered
20-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.