Equity
-€1.1m
Debts exceed assets in financial year 2024.
BMI GROUP HOLDING
Lifetime
12 annual accounts with figures on one time axispeak €96,742 (2020)
€60,159▲ 279%
lowest -€1.8m (2024)
-€1.8m▼ €1.8m
peak €717,559 (2022)
-€1.1m▼ €1.8m
€1.2m▲ 9.3%
peak 0 FTE (2021)
0 FTE
Board9 names since 2020
4 directorsLALOUX Sonia Marie Thierry Madeleine and 3 others
Owners3 names in the annual accounts
23.11%ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS and 1 other
Documentsfilings and deeds
14-01-2026167 days late
2024financial year
Gross margin from €15,894 to €60,159Loss of €1.8mMerger proposal: BMI GROUP HOLDING SA takes over BG BOXES SRL 25-11Equity from €717,299 to -€1.1mCash from €2,641 to €9,913
Key points
from the 2024 annual accountsResult
-€1.8m ▼ 684,788%
The result fell in 2024 from -€260 to -€1.8m.
Debts
€1.2m 713% of the balance sheet
Financial debts 17%Suppliers 11%Taxes and wages 0%Other 72%
Of this, €1.0m falls due within a year.
Investments
€64,342 5.0 × depreciation
Green is investment, beige is depreciation.
Filings
12 annual accounts 100 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-616.5%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 48.9% · 4,582 companies.
Checked score
46
Fair
Financially stronger than 6% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%lowest value
01-2025: 2.2%▲ +0.7 percentage points vs 12-2024
02-2025: 2.1%▼ -0.1 percentage points vs 01-2025
03-2025: 2.2%▲ +0.1 percentage points vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.2%● unchanged vs 04-2025
06-2025: 2.3%▲ +0.1 percentage points vs 05-2025
07-2025: 2.2%▼ -0.1 percentage points vs 06-2025
08-2025: 3.0%▲ +0.8 percentage points vs 07-2025
09-2025: 3.2%▲ +0.2 percentage points vs 08-2025
10-2025: 4.3%▲ +1.1 percentage points vs 09-2025
11-2025: 4.0%▼ -0.3 percentage points vs 10-2025
12-2025: 4.7%▲ +0.7 percentage points vs 11-2025
01-2026: 5.5%▲ +0.8 percentage points vs 12-2025highest value
02-2026: 4.8%▼ -0.7 percentage points vs 01-2026
03-2026: 4.6%▼ -0.2 percentage points vs 02-2026
04-2026: 4.6%● unchanged vs 03-2026
05-2026: 4.4%▼ -0.2 percentage points vs 04-2026
06-2026: 4.2%▼ -0.2 percentage points vs 05-2026
07-2026: 4.2%● unchanged vs 06-2026
08-2026: 4.3%▲ +0.1 percentage points vs 07-2026
09-2026: 4.4%▲ +0.1 percentage points vs 08-2026
10-2026: 3.9%▼ -0.5 percentage points vs 09-2026
11-2026: 3.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 167 days late; 3 of the last 3 accounts late
Loss of €1.8m, the second in a row (financial year 2024)
Liquidity: current ratio 0.12, cash €9,913
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, micro). It does better than 3% of them on solvency, 4% on liquidity, 14% on profitability and 1% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as BMI GROUP HOLDING has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BMI GROUP HOLDING itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,907 companies, not a prediction for BMI GROUP HOLDING. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.12 (0.05 in 2023), below 1. Short-term debt is 589.3% and cash 5.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€1.1m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 100 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
raises risk · 2024 accounts filed 167 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-01-2026, 167 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
167 days late
2023
173 days late
2022
43 days late
2021
45 days late
2020
23 days early
2019
57 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 58 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Board and ownership
S
SPARAXIS
Director, Renaud SCHETTER, since 14-11-2024
- ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS 23.11%score 85equity €3.6m (2025) · 30-06-2025 annual accounts of ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS
- SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS 15.05%equity €752.6m (2022) · 2022 annual accounts of SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS
- Wallonie Entreprendre 15.05%equity €4.98bn (2025) · 2025 annual accounts of Wallonie Entreprendre
Shares in 1 company, LASERFLASH
Board & ownershipRecent changes
Resignations & appointments
Resignations: SOCIETE DE GESTION ET DE PARTICIPATIONS (proxy holder), Sonia Laloux and Stephan Pirlot de Corbion (managing director) · Appointments: SPARAXIS, VINCENT TREVISAN SRL (managing director) and RST@NEXT SRL · Permanent representatives: Renaud SCHETTER, Vincent Trevisan, Romain Straet, Margit Veithen and Stéphane DUMOULIN · General meeting of 14-11-2024 · Gazette deed
Merger proposal: BMI GROUP HOLDING SA takes over BG BOXES SRL
The company holds all the shares of BG BOXES SRL · Gazette deed
Registered office moved from Thimister-Clermont to Eupen
New registered office: rue de l'industrie 34 à 4700 Eupen · Previous registered office: Grondal 4, à 4980 Thimister-Clermont · Board meeting of 22-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BMI GROUP HOLDING Eupen | €172,909 | €60,159 | -616.5% | 0 |
| JAN NELLENS Ixelles | €151,941 | €60,249 | 83.1% | 0 |
| VAJEBO Pepingen | €184,229 | €51,132 | 48.7% | 0 |
| HOLDING ZEN Esneux | €196,005 | €43,100 | 69.3% | 0 |
| ARCHAMBEAU CEDRIC GESTION Verviers | €255,831 | €66,158 | 61.7% | 0 |
| Carneool Zoersel | €172,455 | €44,819 | 70.8% | 0 |
| KANZ Kraainem | €161,426 | €65,830 | 79.4% | 0.3 |
These companies have the same main activity as BMI GROUP HOLDING: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €152,000 and €256,000, founded between 2010 and 2014.
Official details
Source: KBO- Status
- Active since 11-07-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.211.163.5974453 Juprelle, since 30-07-2012
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on BMI GROUP HOLDING
Solvency fell in 2024 from 38.9% to -616.5% because of the loss and higher debts to suppliers.
In February 2025, the Official Gazette published the appointment of VINCENT TREVISAN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BMI GROUP HOLDING
- What is the company number of BMI GROUP HOLDING?
- The company number of BMI GROUP HOLDING is 0847.319.348. The VAT number is the same number with BE in front: BE 0847.319.348.
- Where is BMI GROUP HOLDING based?
- The registered office is at Industriestrasse 34, 4700 Eupen.Company details
- What does BMI GROUP HOLDING do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BMI GROUP HOLDING?
- BMI GROUP HOLDING is a public limited company (NV).
- When was BMI GROUP HOLDING founded?
- BMI GROUP HOLDING was founded on 11-07-2012.
- Is BMI GROUP HOLDING still active?
- Yes, BMI GROUP HOLDING is an active enterprise in the KBO register.
- What is the turnover of BMI GROUP HOLDING?
- The turnover in financial year 2024 is ≈ €120,000. This figure is estimated from the gross margin of €60,159 and 65 comparable companies (NACE 70200). It probably lies between €86,000 and €180,000.Financials
- Is BMI GROUP HOLDING profitable?
- In financial year 2024, BMI GROUP HOLDING made a loss of €1.8m.
- Where can I find the annual accounts of BMI GROUP HOLDING?
- BMI GROUP HOLDING filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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