BONMUSH
ActiveSummary
BONMUSH has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€60,737) and a net result of €34,329. Equity is shrinking by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+5
Solvency22▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.65 in 2024; short-term debt: 57.2% and cash: 4.3% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 663 sector peers (2025).
NBB · sector comparisonPosition among 663 sector peers
Solvency
better than 9%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
29 d late
2023
61 d late
2022
30 d late
2021
29 d late
2020
26 d late
2019
28 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 27 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 29 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34,329
2024 · -€70,432
Working capital
-€661,434▼ 14.6%
2024 · -€577,213
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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€381,207▲ 97.2%€102,322▼ 73.2%-€410,108€1,957€74,759▲ 3,721%
Net result€303,827above the sector's middle half▲ 93.6%€3,924within the sector's middle half▼ 98.7%-€579,041below the sector's middle half-€70,432below the sector's middle half▲ 87.8%€34,329within the sector's middle half
Equity€1.1mabove the sector's middle half▲ 46.0%€1.1mabove the sector's middle half=€144,597within the sector's middle half▼ 86.3%-€45,405below the sector's middle half-€60,737below the sector's middle half▼ 33.8%
Total assets€3.0mabove the sector's middle half▲ 17.6%€3.6mabove the sector's middle half▲ 19.2%€3.3mabove the sector's middle half▼ 7.3%€2.8mabove the sector's middle half▼ 13.6%€2.1mwithin the sector's middle half▼ 25.9%
Debt€1.9m▲ 6.3%€2.5m▲ 29.7%€3.2m▲ 26.1%€2.9m▼ 8.2%€2.2m▼ 25.0%
Working capital-€226,537below the sector's middle half▼ 2,016%€98,998within the sector's middle half-€471,564below the sector's middle half-€577,213below the sector's middle half▼ 22.4%-€661,434below the sector's middle half▼ 14.6%
Solvency35.5%within the sector's middle half▲ 6.9pp29.7%within the sector's middle half▼ 5.7pp4.4%below the sector's middle half▼ 25.4pp-1.6%below the sector's middle half▼ 6.0pp-2.9%below the sector's middle half▼ 1.3pp
Current ratio0.78below the sector's middle half▼ 0.211.09within the sector's middle half▲ 0.310.72below the sector's middle half▼ 0.380.65below the sector's middle half▼ 0.070.45below the sector's middle half▼ 0.19
Return on assets (ROA)10.2%within the sector's middle half▲ 4.0pp0.1%below the sector's middle half▼ 10.1pp-17.5%below the sector's middle half▼ 17.7pp-2.5%below the sector's middle half▲ 15.1pp1.6%within the sector's middle half▲ 4.1pp
Staff (FTE)12.6within the sector's middle half▲ 13.5%13.5within the sector's middle half▲ 7.1%11.9within the sector's middle half▼ 11.9%12.1within the sector's middle half▲ 1.7%10.7within the sector's middle half▼ 11.6%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3,721% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.6m ▼ 12.8%
Current assets
€546,421 ▼ 48.2%
Key figures and ratios
EBITDA
€375,793▼
2024 · €447,200
Cash flow
€335,363▼
2024 · €374,811
Quick ratio
0.26▼
2024 · 0.46
Debt to equity
-35.77▲
2024 · -63.76
Interest coverage
9.36▲
2024 · 6.10
Debt ≤ 1 year
€1.2m▼
2024 · €1.6m
Debt > 1 year
€964,496▼
2024 · €1.3m
Income taxes
€305▼
2024 · €308
Staff costs
€587,071▼
2024 · €710,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 518 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.9%
went bankrupt
3.9%
stopped otherwise
92%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 518 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10,855 | €11,763 | €5,132 | €0 | - | - |
| Remuneration, social security and pensions62 | €572,813 | €607,848 | €664,144 | €710,636 | €587,071 | ▼ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €348,604 | €530,418 | €513,623 | €445,243 | €301,034 | ▼ 32.4% |
| Other operating charges640/8 | €15,607 | €15,259 | €16,778 | €17,413 | €18,765 | ▲ 7.8% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - |
| Gross operating margin9900 | €1.3m | €1.3m | €784,438 | €1.2m | €981,629 | ▼ 16.5% |
| Operating profit (loss)9901 | €381,207 | €102,322 | -€410,108 | €1,957 | €74,759 | ▲ 3,721% |
| Financial income75/76B | - | €2,791 | €280 | €1,215 | €38 | ▼ 96.8% |
| Recurring financial income75 | - | €2,791 | €280 | €1,215 | €38 | ▼ 96.8% |
| Financial charges65/66B | €35,311 | €101,060 | €169,031 | €73,296 | €40,163 | ▼ 45.2% |
| Recurring financial charges65 | €35,311 | €101,060 | €162,954 | €73,296 | €40,163 | ▼ 45.2% |
| Non-recurring financial charges66B | - | - | €6,078 | - | - | - |
| Profit (loss) for the period before taxes9903 | €345,896 | €4,053 | -€578,859 | -€70,125 | €34,634 | ▲ 149% |
| Income taxes67/77 | €42,069 | €129 | €182 | €308 | €305 | ▼ 0.8% |
| Profit (loss) for the period9904 | €303,827 | €3,924 | -€579,041 | -€70,432 | €34,329 | ▲ 149% |
| Transfer from tax-exempt reserves789 | €56,250 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €360,077 | €3,924 | -€579,041 | -€70,432 | €34,329 | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €3.6m | €3.3m | €2.8m | €2.1m | ▼ 25.9% |
| Fixed assets21/28 | €2.2m | €2.4m | €2.1m | €1.8m | €1.6m | ▼ 12.8% |
| Intangible fixed assets21 | €702,137 | €562,809 | €393,340 | €164,709 | €80,029 | ▼ 51.4% |
| Tangible fixed assets22/27 | €1.5m | €1.8m | €1.7m | €1.6m | €1.5m | ▼ 8.9% |
| Land and buildings22 | €1.0m | €1.1m | €1.1m | €1.0m | €973,022 | ▼ 3.7% |
| Plant, machinery and equipment23 | €408,521 | €520,146 | €464,236 | €435,423 | €371,709 | ▼ 14.6% |
| Furniture and vehicles24 | €19,697 | €86,803 | €78,323 | €105,062 | €93,842 | ▼ 10.7% |
| Leasing and similar rights25 | - | €139,745 | €107,027 | €74,310 | €41,592 | ▼ 44.0% |
| Financial fixed assets28 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €804,447 | €1.1m | €1.2m | €1.1m | €546,421 | ▼ 48.2% |
| Stocks and contracts in progress3 | €337,707 | €505,266 | €315,474 | €307,854 | €228,617 | ▼ 25.7% |
| Stocks30/36 | €337,707 | €505,266 | €315,474 | €307,854 | €228,617 | ▼ 25.7% |
| Amounts receivable within one year40/41 | €268,763 | €456,269 | €304,158 | €523,267 | €207,563 | ▼ 60.3% |
| Trade receivables40 | €226,128 | €388,347 | €249,154 | €514,713 | €180,384 | ▼ 65.0% |
| Other amounts receivable41 | €42,635 | €67,922 | €55,004 | €8,554 | €27,178 | ▲ 218% |
| Cash at bank and in hand54/58 | €176,110 | €140,179 | €107,844 | €219,519 | €91,468 | ▼ 58.3% |
| Deferred charges and accrued income490/1 | €21,868 | €45,189 | €458,582 | €4,284 | €18,773 | ▲ 338% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €3.6m | €3.3m | €2.8m | €2.1m | ▼ 25.9% |
| Equity10/15 | €1.1m | €1.1m | €144,597 | -€45,405 | -€60,737 | ▼ 33.8% |
| Contributions10/11 | €164,000 | €164,000 | €124,000 | €124,000 | €124,000 | = |
| Capital10 | €164,000 | €164,000 | €124,000 | €124,000 | €124,000 | = |
| Issued capital100 | €164,000 | €164,000 | €124,000 | €124,000 | €124,000 | = |
| Reserves13 | €684,781 | €549,625 | €413,800 | €413,800 | €413,800 | = |
| Non-distributable reserves130/1 | €16,400 | €16,400 | €12,359 | €12,359 | €12,359 | = |
| Legal reserve130 | €16,400 | €16,400 | €12,359 | €12,359 | €12,359 | = |
| Distributable reserves133 | €668,381 | €533,225 | €401,441 | €401,441 | €401,441 | = |
| Profit (loss) carried forward14 | -€114,141 | -€261 | -€579,238 | -€649,670 | -€615,341 | ▲ 5.3% |
| Investment grants15 | €324,740 | €345,849 | €186,035 | €66,465 | €16,804 | ▼ 74.7% |
| Amounts payable17/49 | €1.9m | €2.5m | €3.2m | €2.9m | €2.2m | ▼ 25.0% |
| Amounts payable after more than one year17 | €896,393 | €1.4m | €1.5m | €1.3m | €964,496 | ▼ 23.6% |
| Financial debts170/4 | €896,393 | €1.4m | €1.5m | €1.3m | €964,496 | ▼ 23.6% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.7m | €1.6m | €1.2m | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | €203,975 | €264,479 | €248,742 | €234,234 | €276,139 | ▲ 17.9% |
| Financial debts43 | €50,000 | €50,000 | €50,000 | €0 | - | - |
| Credit institutions430/8 | €50,000 | €50,000 | €50,000 | €0 | - | - |
| Trade debts44 | €324,632 | €408,492 | €261,511 | €272,002 | €40,613 | ▼ 85.1% |
| Suppliers440/4 | €324,632 | €408,492 | €261,511 | €272,002 | €40,613 | ▼ 85.1% |
| Taxes, remuneration and social security45 | €263,909 | €47,932 | €27,107 | €60,275 | €18,281 | ▼ 69.7% |
| Taxes450/3 | €263,892 | €45,620 | €1,396 | €15,141 | €668 | ▼ 95.6% |
| Remuneration and social security454/9 | €17 | €2,313 | €25,711 | €45,134 | €17,613 | ▼ 61.0% |
| Other amounts payable47/48 | €188,469 | €277,002 | €1.1m | €1.1m | €872,822 | ▼ 18.1% |
| Accrued charges and deferred income492/3 | €1,049 | €10,194 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €303,827 | €3,924 | -€579,041 | -€70,432 | €34,329 | ▲ 149% |
| + Depreciation and write-downs630 | €348,604 | €530,418 | €513,623 | €445,243 | €301,034 | ▼ 32.4% |
| Operating cash flow (approximation) | €652,431 | €534,342 | -€65,418 | €374,811 | €335,363 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€761,066 | -€212,982 | -€126,656 | -€71,449 | ▲ 43.6% |
| Change in cash | - | -€35,931 | -€32,335 | €111,675 | -€128,051 | ▼ 215% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €34,329
Net result €34,329 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€579,041
Net result drops to -€579,041, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €303,827 ▲93.6%
Operating result €381,207, net result €303,827, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲46%
2 profitable years in a row build equity to €1.1m.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial
Back to profitnet €156,903
Net result €156,903 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €725,627 ▲145%
Equity rises from €296,410 to €725,627.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Ieper · 1 establishment unit since 1987
Ground area
7,465 m²
Building footprint
1,953 m²
Volume, LiDAR
9,415 m³
2 parcels, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BONMUSH NV
since 19872.032.782.082
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302B0343/00H000 | Flanders | 4,032 m² | 1 · 170 m² | 12.4 m · 2 fl. |
| 33306B0385/00F000 | Flanders | 3,433 m² | 1 · 1,783 m² | 6.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 15 entries · 435,403 EUR awarded · 280,457 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 334,121 EUR | 188,769 EUR |
| 2024 | 4 | 19,467 EUR | 35,473 EUR |
| 2023 | 3 | 57,086 EUR | 34,486 EUR |
| 2022 | 3 | 24,729 EUR | 21,729 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.032.782.082
Similar companies · same sector, comparable size
Bosty Snacks
BE 0446.617.791
Liedekerke · Eq €138,304
Decoster Food
BE 0836.536.314
Koekelberg · Eq €151,642
INTER SALAMI
BE 0876.024.816
Oosterzele · Eq €136,668
FARMMEAT
BE 0875.310.380
Ieper · Eq €135,810
HOSSMAN
BE 0687.811.558
Sint-Jans-Molenbeek · Eq €132,549
Of 329 companies in sector 10130 we hold annual accounts for 234. 124 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
10130Manufacture of food products
10850Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430736121
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.