BS CONSTRUCT IMMO
ActiveSummary
The computed 12-month bankruptcy probability of BS CONSTRUCT IMMO is 2.8% (moderate). The 2025 annual accounts show equity of €26,312 and a net result of €3,650. Its solvency ranks better than 38% of 9,354 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €26,312
- Profit
- €3,650
Why 52raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €81,701lowers riskLiquidity: current ratio 1.30, cash €26,180Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 39% on solvency, 73% on liquidity, 50% on profitability and 60% on growth.
The bankruptcy probability was computed on 29-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 35 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: SPINA Bruno (administrateur non…
Financials · financial year 2025, micro format
2025 annual accounts filed late (40 days) Filed on 9 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00510280.
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 62% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,546 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,546 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €8,643 | - |
| Other operating charges640/8 | €479 | €2,201 | ▲ 359% |
| Gross operating margin9900 | €21,662 | €18,956 | ▼ 12.5% |
| Operating profit (loss)9901 | €21,183 | €8,113 | ▼ 61.7% |
| Financial income75/76B | €1 | €0 | ▼ 86.3% |
| Recurring financial income75 | €1 | €0 | ▼ 86.3% |
| Financial charges65/66B | €42 | €1,587 | ▲ 38× |
| Recurring financial charges65 | €42 | €1,587 | ▲ 38× |
| Profit (loss) for the period before taxes9903 | €21,141 | €6,526 | ▼ 69.1% |
| Income taxes67/77 | €4,479 | €2,876 | ▼ 35.8% |
| Profit (loss) for the period9904 | €16,663 | €3,650 | ▼ 78.1% |
| Profit (loss) for the period to be appropriated9905 | €16,663 | €3,650 | ▼ 78.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €39,938 | €81,701 | ▲ 105% |
| Fixed assets21/28 | - | €34,690 | - |
| Tangible fixed assets22/27 | - | €34,690 | - |
| Furniture and vehicles24 | - | €34,690 | - |
| Current assets29/58 | €39,938 | €47,011 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €5,957 | €20,460 | ▲ 243% |
| Trade receivables40 | €2,450 | €13,288 | ▲ 442% |
| Other amounts receivable41 | €3,507 | €7,173 | ▲ 105% |
| Cash at bank and in hand54/58 | €33,912 | €26,180 | ▼ 22.8% |
| Deferred charges and accrued income490/1 | €70 | €371 | ▲ 432% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €39,938 | €81,701 | ▲ 105% |
| Equity10/15 | €22,663 | €26,312 | ▲ 16.1% |
| Contributions10/11 | €6,000 | €6,000 | = |
| Reserves13 | €16,663 | €20,312 | ▲ 21.9% |
| Distributable reserves133 | €16,663 | €20,312 | ▲ 21.9% |
| Amounts payable17/49 | €17,276 | €55,389 | ▲ 221% |
| Amounts payable after more than one year17 | - | €19,122 | - |
| Financial debts170/4 | - | €19,122 | - |
| Amounts payable within one year42/48 | €17,276 | €36,267 | ▲ 110% |
| Current portion of amounts payable after more than one year42 | - | €5,767 | - |
| Financial debts43 | €6,000 | €6,000 | = |
| Credit institutions430/8 | €6,000 | €6,000 | = |
| Trade debts44 | €1,031 | €9,135 | ▲ 786% |
| Suppliers440/4 | €1,031 | €9,135 | ▲ 786% |
| Advances received on contracts in progress46 | €5,989 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €3,289 | €2,355 | ▼ 28.4% |
| Taxes450/3 | €3,289 | €2,355 | ▼ 28.4% |
| Other amounts payable47/48 | €966 | €13,010 | ▲ 13× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €16,663 | €3,650 | ▼ 78.1% |
| + Depreciation and write-downs630 | - | €8,643 | - |
| Operating cash flow (approximation) | €16,663 | €12,292 | ▼ 26.2% |
| Change in cash | - | -€7,731 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-09-2026 | 2026-00510280 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00467766 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| SPINA Bruno |
|
Owners and capital
Capital and shareholders
- SPINA Bruno 100 shares (100%)
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-02-2024 Incorporation · €6,000 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
BS CONSTRUCT IMMO was incorporated on 2 February 2024 as a private limited company by one natural person, with a starting capital of €6,000.12 Since 2024, SPINA Bruno has served as administrateur non statutaire,délégué gestion journalière,représentant permanent société of the company.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Acts, filings and financial milestones
06-02
Gazette deed
IncorporationAppointment: SPINA Bruno (administrateur non statutaire,délégué gestion journalière,représentant permanent société) · Founder · Founding capital15 facts ▸
- Incorporation, 02-02-2024
- Founder, SPINA Bruno
- Other provision, “déclaration de cohabitation légale” (deed in French)
- Other provision, “capacité et compétence pour actes juridiques” (deed in French)
- Other provision, “plan financier préalable” (deed in French)
- Other provision, “responsabilité des fondateurs si faillite dans trois ans, capitaux propres de départ manifestement insuffisants” (deed in French)
- Founding capital, €6,000
- Bank account, 6000, EUR
- Other provision, “arrêté des statuts, STATUTS” (deed in French)
- Capital, €6,000
- Other provision, “dispositions finales entrée en vigueur, comparants unanimité” (deed in French)
- Registered office clause, “7031 Villers-Saint-Ghislain (Mons), Chaussée Roi Baudouin 338, dépôt greffe expédition acte constitutif” (deed in French)
- +3 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1005.566.831
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55048B0171/00B002 | Wallonia | 354 m² | 1 · 56 m² | 8.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Activité d’entrepreneur en constructions et en rénovation de gros œuvre et de mise sous toit, plafonnage, de cimenterie, de maçonnerie de…” (deed in French)
Text of the purpose (deed in French)
“Activité d’entrepreneur en constructions et en rénovation de gros œuvre et de mise sous toit, plafonnage, de cimenterie, de maçonnerie de coffrage, de ferraillage, de peinture, de carrelage, de rejointoiement, d’isolation des murs et des sols.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BS CONSTRUCT IMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, simple décision” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, personnes physiques ou morales, actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ASSEMBLEE GENERALE Article 15. Tenue et convocation Il est tenu chaque année, au siège ou à tout autre endroit indiqué dans la…” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes modifications statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution quelque cause et moment, désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)