Losses
-€449,612 in three years
Every financial year from 2019 to 2021 closed with a loss. 2020 was the heaviest.
BMSGROW
Overview
Lifetime
5 annual accounts with figures on one time axispeak €402,949 (2017)
€302,901▲ 37.9%
lowest -€252,625 (2020)
-€157,699▲ €94,926
peak €48,536 (2018)
-€401,076▼ €157,699
€672,391▼ 3.2%
peak 12.4 FTE (2020)
11.3 FTE▼ 8.9%
Board1 name since 2016
1 director
Documentsfilings and deeds
31-08-202231 days late
2021abbreviated format
Gross margin from €219,680 to €302,901Loss of €157,699Staff from 12.4 FTE to 11.3 FTEEquity from -€243,377 to -€401,076
Key points
from the 2021 annual accounts, the last ones filedRecent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Antwerp, Mechelen division · judgment of 22-06-2026 · Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Mechelen division · judgment of 06-11-2023 · Bankruptcy
Incorporation
Founding capital of €18,550, 100 shares · Founder: · Appointment: (manager) · published on 25-10-2016 · Gazette deed
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 06-11-2023
- Legal form
- Private limited company (pre-2019)
- Activity
- “Het kweken, telen en bewaren van groenten, kruiden, bloemen, planten en sierplanten enzovoorts, onder…” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
- Joint committees
- 145Horticulture
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €302,901▲ 37.9%
- ≈ €710,000estimated
- €157,699▼ 37.6%
- -€401,076▼ 64.8%
- €271,315▼ 39.9%
- Employeeson 31-12-2021
- 4
- Filing
- Filed on 31-08-2022
Insights on BMSGROW
Equity fell from €48,536 in 2018 to -€401,076 in 2021, while debts rose from €476,618 to €672,391.
On 6 November 2023 the court declared BMSGROW bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
abbreviated format, filed on 31-08-2022, 31 days late€302,901
▲ 37.9%
-€152,037
▲ €95,525
-€157,699
▲ €94,926
-€237,183
▼ €262,826
-147.8%
▼ 93.9 percentage points
0.45
▼ 0.63
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €710,000. Estimated: probably between €430,000 and €1.2m.
Balance sheet
balance sheet total €271,315 on 31-12-2021What the company ownsHow it is paid for
in euro
Staff
€36,727
Staff costs divided by the average number of full-time equivalents.
61 hours per contract
contracts started
contracts ended
In 2021, 458 short contracts started and 461 ended, on average 61 hours worked per contract. Staff averaged 11 full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
271,315 | 451,505 | 516,392 | 525,154 | 431,042 | |
20 |
- | 188 | 438 | 688 | 938 | |
21/28 |
78,400 | 107,877 | 157,115 | 142,311 | 166,142 | |
22/27 |
78,400 | 107,877 | 157,115 | 142,311 | 166,142 | |
22 |
- | 1,830 | 4,271 | 6,711 | 9,151 | |
23 |
45,582 | 46,391 | 73,067 | 73,495 | 78,947 | |
24 |
32,818 | 55,438 | 69,937 | 46,641 | 56,957 | |
29/58 |
192,915 | 343,441 | 358,839 | 382,155 | 263,962 | |
3 |
16,523 | 18,406 | 31,134 | 83,647 | 98,652 | |
30/36 |
16,523 | 18,406 | 31,134 | 83,647 | 98,652 | |
40/41 |
148,051 | 321,258 | 228,495 | 157,042 | 154,555 | |
40 |
140,917 | 313,403 | 153,604 | 142,686 | 1,600 | |
41 |
7,134 | 7,855 | 74,891 | 14,356 | 152,955 | |
54/58 |
4,296 | - | 83,158 | 110,688 | - | |
490/1 |
24,046 | 3,776 | 16,052 | 30,778 | 10,755 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
271,315 | 451,505 | 516,392 | 525,154 | 431,042 | |
10/15 |
-401,076 | -243,377 | 9,247 | 48,536 | 37,940 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
100 |
- | - | 18,550 | 18,550 | 18,550 | |
13 |
1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
130/1 |
1,855 | 1,855 | - | - | - | |
130 |
- | - | 1,855 | 1,855 | 1,855 | |
1311 |
1,855 | 1,855 | - | - | - | |
14 |
-421,481 | -263,782 | -11,158 | 28,131 | 17,535 | |
17/49 |
672,391 | 694,882 | 507,144 | 476,618 | 393,103 | |
17 |
79,339 | 36,074 | 59,548 | 58,867 | 80,638 | |
170/4 |
79,339 | 36,074 | 59,548 | 58,867 | 80,638 | |
42/48 |
430,098 | 317,798 | 260,319 | 268,070 | 289,086 | |
42 |
36,413 | 33,144 | 34,897 | 26,398 | 27,330 | |
43 |
145,735 | 150,000 | 150,000 | 150,000 | 150,000 | |
430/8 |
145,735 | 150,000 | 150,000 | 150,000 | 150,000 | |
44 |
64,787 | 74,228 | 35,050 | 31,287 | 97,668 | |
440/4 |
64,787 | 74,228 | 35,050 | 31,287 | 97,668 | |
45 |
72,772 | 54,796 | 40,371 | 32,381 | 11,275 | |
450/3 |
12,206 | 10,018 | 1,785 | 887 | 2,850 | |
454/9 |
60,565 | 44,778 | 38,585 | 31,495 | 8,425 | |
47/48 |
110,391 | 5,630 | - | 28,003 | 2,812 | |
492/3 |
162,954 | 341,010 | 187,278 | 149,681 | 23,378 | |
| Income statement | ||||||
76A |
14,275 | - | - | - | - | |
9900 |
302,901 | 219,680 | 284,230 | 352,623 | 402,949 | |
62 |
415,017 | 404,179 | 252,246 | 277,248 | 257,505 | |
630 |
39,073 | 62,455 | 64,448 | 59,261 | 101,716 | |
640/8 |
848 | 608 | 2,129 | 684 | 1,246 | |
9901 |
-152,037 | -247,562 | -34,592 | 15,430 | 42,482 | |
75/76B |
- | 0 | 185 | 1,667 | 187 | |
75 |
- | 0 | 185 | 1,667 | 187 | |
65/66B |
5,662 | 5,085 | 4,814 | 5,596 | 20,430 | |
65 |
5,662 | 5,085 | 4,814 | 5,596 | 5,430 | |
66B |
- | - | - | - | 15,000 | |
9903 |
-157,699 | -252,646 | -39,221 | 11,501 | 22,240 | |
67/77 |
- | -21 | 68 | 904 | 2,850 | |
9904 |
-157,699 | -252,625 | -39,289 | 10,596 | 19,390 | |
9905 |
-157,699 | -252,625 | -39,289 | 10,596 | 19,390 | |
| Appropriation of the result | ||||||
9906 |
-421,481 | -263,782 | -11,158 | 28,131 | 19,390 | |
14P |
-263,782 | - | - | - | - | |
691/2 |
- | - | - | - | 1,855 | |
6920 |
- | - | - | - | 1,855 | |
| Social balance sheet | ||||||
9087 |
11.3 | 12.4 | 7.9 | 9 | 8 | |
Hours worked1013 |
28,050 | 29,471 | 19,340 | 21,459 | 19,794 | |
| Document | ||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 31-08-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank2021 annual accounts filed 31 days after the deadline. Filed on 31 August 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20386722.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20386722 | |
| 31-12-2020 | abbreviated format | 17-11-2021 | 2021-77500377 | |
| 31-12-2019 | abbreviated format | 05-11-2020 | 2020-69300237 | |
| 31-12-2018 | micro format | 21-08-2019 | 2019-48400453 | |
| 31-12-2017 | micro format | 21-08-2018 | 2018-47700082 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| -112,963 | -185,106 | 29,856 | 74,691 | 144,198 | ||
| -118,625 | -190,169 | 25,159 | 69,857 | 121,106 | ||
| 20,011 | 12,967 | 79,001 | 53,512 | 267,546 | ||
| - | - | -27,530 | - | - | ||
| -237,183 | 25,643 | 98,521 | 114,085 | -25,124 | ||
| -147.8% | -53.9% | 1.8% | 9.2% | 8.8% | ||
| 0.45 | 1.08 | 1.38 | 1.43 | 0.91 | ||
| 0.41 | 1.02 | 1.26 | 1.11 | 0.57 | ||
| - | - | 54.84 | 9.82 | 10.36 | ||
| - | - | -424.9% | 21.8% | 51.1% | ||
| -58.1% | -56.0% | -7.6% | 2.0% | 4.5% | ||
| -19.95 | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 4 |
| full-time | 4 |
| in full-time equivalents | 4 |
| 11.3 | |
| On a permanent contract | 1 |
| Joined | 458 |
| Left | 461 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €20,011 |
| €39,073 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on BMSGROW
The operating result for 2021 is a loss of €152,037, smaller than the loss of €247,562 in 2020.
Equity is negative. Debt (€672,391) exceeds the balance-sheet total (€271,315).
Board & ownership
Curators
2 mandatesCurator, Frederik De Merode- Straat 94-96, 2800 Mechelen
from 06-11-2023 to 22-06-2026
Also on 26 other cases
Curator, Frederik De Merodes- Traat 94-96, 2800 Mechelen
from 06-11-2023 to 22-06-2026
Also on 69 other cases
Last board
1 director, no change since 2016Manager
since 20-10-2016
term without a fixed end
listed in the 2021 annual accounts, filed on 31-08-2022
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each manager alonedeed of 25-10-2016
Mandates through the years
1 name, the dashed line is todayManager
BoardBankruptcy 06-11-2023
Mandates as a list
-
- Manager, from 20-10-2016, until the bankruptcy of 06-11-2023
Control
Founder
This company
BMSGROW
Equity -€401,076
Loss €157,699 in 2021
Capital
- Capital
- €18,550
- Shares
- 100
- Contribution per share
- €186
- Equity per share
- -€4,011 in 2021
- Source
- deed of 25-10-2016
Articles of association
deed of 25-10-2016 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 10:00
Shareholders
At incorporation
deed of 25-10-2016 ↗
- 100 shares (100%) · €18,550
Network & group
No group
BMSGROW has no parent and no holdings in its annual accounts. is the only director. BMSGROW shares no director with another company.
Timeline
Timeline
9 events since 2016Filings
Financial
Insolvency
201620182020202220242026
2026
Bankruptcy closure (by liquidation) Enterprise Court of Antwerp, Mechelen division · judgment of 22-06-2026
2023
Bankruptcy published Enterprise Court of Antwerp, Mechelen division · judgment of 06-11-2023
2022
Annual accounts 2021 filed PDFabbreviated format · 31 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 109 days late
2020
Weakest financial year net -€252,625 The net result drops to -€252,625, the lowest from 2017 to 2021.
Annual accounts 2019 filed PDFabbreviated format · 97 days late
2019
Annual accounts 2018 filed PDFmicro format · 21 days late
2018
Annual accounts 2017 filed PDFmicro format · 21 days late
2016
IncorporationFounding capital of €18,550, 100 shares · Founder: · Appointment: (manager) · published on 25-10-20164 points ▸
- Founder,
- Founding capital, €18,550, 100 shares
- Board rule, 1
- Director appointment, (manager)
- The deed holds 2 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
The deed of incorporation of BMSGROW was published in the Belgian Official Gazette on 25 October 2016.1 Since 2016, has served as manager.2 Total assets fell from €525,154 in 2018 to €271,315 in 2021 and headcount from 9 to 11.3 full-time equivalents.3 The bankruptcy of the company was declared on 6 November 2023 and closed on 22 June 2026.45
Company details
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het kweken, telen en bewaren van groenten, kruiden, bloemen, planten en sierplanten enzovoorts, onder glas, overdekt of in open luchtteelt…”
9 activities
- Het kweken, telen en bewaren van groenten, kruiden, bloemen, planten en sierplanten enzovoorts, onder glas, overdekt of in open luchtteelt, de aan- en verkoop van al deze producten en aanverwante artikelen, en alle mogelijke benodigdheden en machines, in het groot en in het klein, de in- en uitvoer ervan, alsook het uitbaten van een volwaardig landbouwbedrijf, dit alles in de ruimste zin.
- Het verpakken, inpakken, bewerken en behandelen van voormelde land- en tuinbouwproducten, voor eigen rekening als voor rekening van derden.
- Het investeren, beheren, bedrijven (zoals productie, verkoop en transmissie van elektriciteit) en onderhouden van één of meerdere (de)centrale productie-installaties, waaronder WKK (warmtekrachtkoppeling) en (hernieuwbare) energieprojecten, inclusief het verkrijgen van groene stroomcertificaten of andere steunmaatregelen.
- Elektrotechniek: onderneming voor de installatie van elektrotechnische installatiewerken aan gebouwen;
- Alle verrichtingen die verband houden met alles wat betrekking heeft op elektrische en elektronische apparatuur en de toepassing ervan.
- Klimaatregeling: onderneming voor de installatie van klimaatregeling en ventilatie;
- Herstelling: onderneming voor de reparatie van alle elektrische- (- en computer) apparatuur;
- Het verwerven, vervreemden, beheren, uitbaten, valoriseren, verkavelen, ordenen, huren en verhuren, promoten, het doen bouwen of verbouwen evenals alle welkdanige transacties en verrichtingen met betrekking tot onroerende goederen en/of andere zakelijke rechten bij (on)roerende goederen;
- Het kopen en verkopen, beheren enzovoorts van alle roerende goederen en waarden, het beleggen en investeren van gelden en waarden.
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Maaikeneveld 81 2500 Lier”
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 10:00
Articles of association, deed of 25-10-2016 (in Dutch)
Buildings and parcels at the address
- Ground area
- 1,463 m²
- Buildings
- 100 m²
- Volume, LiDAR
- 508 m³
- Tallest building
- 8.7 m
Buildings to scale, each on its own parcel
Inactive
Inactive since June 2026
BMSGROW has not been in the KBO register since 24 June 2026.
- Status
- Inactiveout of the register since 24 June 2026
- Reason
- Bankruptcy opened
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Maaikeneveld 81, 2500 Lieras published on 25 October 2016
- Legal form
- Private limited company (pre-2019)
- Active since
- 21 October 2016
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12393E0477/00D003 | 1,462 m² | 1 · 100 m² | 8.7 m · 2 |