Summary
BS MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.3m and a net result of €112,742. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 2445 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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
49 d late
2024
25 d late
2023
31 d late
2022
31 d late
2021
60 d late
2020
61 d late
2019
119 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 54 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
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, full schema
Equity
€1.3m▲ 9.9%
2024 · €1.1m
Net result
€112,742▼ 59.8%
2024 · €280,281
Total assets
€1.4m▲ 6.2%
2024 · €1.3m
Solvency
90.9%▲ 3.1pp
2024 · 87.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Turnover€332,665▲ 24.5%€370,432▲ 11.4%€242,331▼ 34.6%€405,598▲ 67.4%€310,685▼ 23.4%
Operating result€159,800▲ 42.1%€215,401▲ 34.8%€96,700▼ 55.1%€66,539▼ 31.2%€149,390▲ 125%
Net result€124,988within the sector's middle half▲ 59.3%€165,471within the sector's middle half▲ 32.4%€79,812within the sector's middle half▼ 51.8%€280,281within the sector's middle half▲ 251%€112,742within the sector's middle half▼ 59.8%
Equity€1.1mwithin the sector's middle half▲ 12.4%€1.3mwithin the sector's middle half▲ 14.6%€1.4mwithin the sector's middle half▲ 6.1%€1.1mwithin the sector's middle half▼ 17.3%€1.3mwithin the sector's middle half▲ 9.9%
Total assets€1.2mbelow the sector's middle half▲ 17.3%€1.4mbelow the sector's middle half▲ 15.1%€1.4mbelow the sector's middle half▲ 1.2%€1.3mbelow the sector's middle half▼ 9.9%€1.4mbelow the sector's middle half▲ 6.2%
Debt€102,427▲ 131%€123,918▲ 21.0%€61,905▼ 50.0%€158,050▲ 155%€125,422▼ 20.6%
Working capital€207,335within the sector's middle half▲ 159%€372,863within the sector's middle half▲ 79.8%€447,370within the sector's middle half▲ 20.0%€203,445within the sector's middle half▼ 54.5%€268,223within the sector's middle half▲ 31.8%
Solvency91.7%above the sector's middle half▼ 4.1pp91.3%above the sector's middle half▼ 0.4pp95.7%above the sector's middle half▲ 4.4pp87.9%above the sector's middle half▼ 7.9pp90.9%above the sector's middle half▲ 3.1pp
Current ratio3.08above the sector's middle half▲ 0.164.01above the sector's middle half▲ 0.938.58above the sector's middle half▲ 4.572.31within the sector's middle half▼ 6.274.65above the sector's middle half▲ 2.34
Return on assets (ROA)10.1%above the sector's middle half▲ 2.7pp11.6%above the sector's middle half▲ 1.5pp5.5%within the sector's middle half▼ 6.1pp21.5%above the sector's middle half▲ 16.0pp8.2%above the sector's middle half▼ 13.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 125% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.0m ▲ 10.3%
Current assets
€341,713 ▼ 4.7%
Equity and liabilities €1.4m
Equity
€1.3m ▲ 9.9%
Debt
€125,422 ▼ 20.6%
Debt's share of the balance-sheet total falls from 12.1% to 9.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.0%▼
2024 · 24.5%
Debt ≤ 1 year
€73,489▼
2024 · €155,151
Debt > 1 year
€49,034
Income taxes
€39,677▲
2024 · €21,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €332,665 | €370,432 | €242,331 | €405,598 | €310,685 | ▼ 23.4% |
| Turnover70 | €332,665 | €370,432 | €242,331 | €405,598 | €310,685 | ▼ 23.4% |
| Operating charges60/66A | €172,866 | €155,031 | €145,631 | €339,059 | €161,295 | ▼ 52.4% |
| Goods for resale, raw materials and consumables60 | - | €1,126 | €943 | €0 | - | - |
| Purchases600/8 | - | €1,126 | €943 | €0 | - | - |
| Services and other goods61 | €168,408 | €149,308 | €140,845 | €334,880 | €142,638 | ▼ 57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,071 | €2,958 | €2,559 | €3,433 | €17,858 | ▲ 420% |
| Other operating charges640/8 | €1,387 | €1,638 | €1,284 | €747 | €799 | ▲ 6.9% |
| Operating profit (loss)9901 | €159,800 | €215,401 | €96,700 | €66,539 | €149,390 | ▲ 125% |
| Financial income75/76B | €10,594 | €11,910 | €14,428 | €236,560 | €5,631 | ▼ 97.6% |
| Recurring financial income75 | €10,594 | €11,910 | €14,428 | €236,560 | €5,631 | ▼ 97.6% |
| Income from financial fixed assets750 | - | - | - | €0 | - | - |
| Income from current assets751 | - | - | - | €225,000 | - | - |
| Other financial income752/9 | €10,594 | €11,910 | €14,428 | €11,560 | €5,631 | ▼ 51.3% |
| Financial charges65/66B | €351 | €406 | €896 | €835 | €2,601 | ▲ 211% |
| Recurring financial charges65 | €351 | €406 | €896 | €835 | €2,601 | ▲ 211% |
| Other financial charges652/9 | €351 | €406 | €896 | €835 | €2,601 | ▲ 211% |
| Profit (loss) for the period before taxes9903 | €170,042 | €226,905 | €110,232 | €302,263 | €152,419 | ▼ 49.6% |
| Income taxes67/77 | €45,055 | €61,435 | €30,420 | €21,982 | €39,677 | ▲ 80.5% |
| Taxes670/3 | €45,055 | €61,435 | €40,000 | €21,982 | €39,677 | ▲ 80.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | €9,580 | - | - | - |
| Profit (loss) for the period9904 | €124,988 | €165,471 | €79,812 | €280,281 | €112,742 | ▼ 59.8% |
| Profit (loss) for the period to be appropriated9905 | €124,988 | €165,471 | €79,812 | €280,281 | €112,742 | ▼ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.4m | €1.3m | €1.4m | ▲ 6.2% |
| Fixed assets21/28 | €932,026 | €929,068 | €937,271 | €942,747 | €1.0m | ▲ 10.3% |
| Tangible fixed assets22/27 | €12,445 | €9,487 | €17,691 | €23,167 | €120,165 | ▲ 419% |
| Land and buildings22 | €2,610 | €1,910 | €1,210 | €570 | €285 | ▼ 50.0% |
| Plant, machinery and equipment23 | €1,676 | €1,544 | €4,344 | €4,212 | €4,079 | ▼ 3.1% |
| Furniture and vehicles24 | €8,159 | €6,033 | €12,137 | €18,385 | €115,800 | ▲ 530% |
| Financial fixed assets28 | €919,581 | €919,581 | €919,581 | €919,581 | €919,581 | = |
| Affiliated companies280/1 | €919,581 | €919,581 | €919,581 | €919,581 | €919,581 | = |
| Participating interests280 | €919,546 | €919,546 | €919,546 | €919,546 | €919,546 | = |
| Amounts receivable281 | €35 | €35 | €35 | €35 | €35 | = |
| Current assets29/58 | €306,861 | €496,781 | €506,376 | €358,597 | €341,713 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €201,185 | €330,834 | €437,866 | €75,810 | €173,896 | ▲ 129% |
| Trade receivables40 | €156,361 | €265,758 | €244,297 | €58,695 | €160,980 | ▲ 174% |
| Other amounts receivable41 | €44,824 | €65,076 | €193,569 | €17,115 | €12,916 | ▼ 24.5% |
| Cash at bank and in hand54/58 | €103,302 | €165,838 | €67,064 | €281,365 | €167,154 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | €2,374 | €108 | €1,447 | €1,422 | €663 | ▼ 53.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.4m | €1.3m | €1.4m | ▲ 6.2% |
| Equity10/15 | €1.1m | €1.3m | €1.4m | €1.1m | €1.3m | ▲ 9.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.1m | €1.3m | €1.4m | €1.1m | €1.2m | ▲ 9.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Own shares acquired1312 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €1.1m | €1.3m | €1.4m | €1.1m | €1.2m | ▲ 9.9% |
| Amounts payable17/49 | €102,427 | €123,918 | €61,905 | €158,050 | €125,422 | ▼ 20.6% |
| Amounts payable after more than one year17 | - | - | - | - | €49,034 | - |
| Financial debts170/4 | - | - | - | - | €49,034 | - |
| Credit institutions173 | - | - | - | - | €49,034 | - |
| Amounts payable within one year42/48 | €99,526 | €123,918 | €59,007 | €155,151 | €73,489 | ▼ 52.6% |
| Trade debts44 | €59,821 | €32,500 | €7,729 | €7,477 | €21,530 | ▲ 188% |
| Suppliers440/4 | €59,821 | €32,500 | €7,729 | €7,477 | €21,530 | ▲ 188% |
| Taxes, remuneration and social security45 | €39,705 | €91,417 | €51,277 | €147,675 | €51,960 | ▼ 64.8% |
| Taxes450/3 | €32,277 | €91,417 | €51,277 | €146,565 | €50,850 | ▼ 65.3% |
| Remuneration and social security454/9 | €7,427 | - | - | €1,110 | €1,110 | = |
| Accrued charges and deferred income492/3 | €2,901 | - | €2,899 | €2,899 | €2,899 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,988 | €165,471 | €79,812 | €280,281 | €112,742 | ▼ 59.8% |
| + Depreciation and write-downs630 | €3,071 | €2,958 | €2,559 | €3,433 | €17,858 | ▲ 420% |
| Operating cash flow (approximation) | €128,058 | €168,428 | €82,371 | €283,713 | €130,601 | ▼ 54.0% |
| Investment in fixed assets (approximation) | - | €0 | -€10,762 | -€8,909 | -€114,856 | ▼ 1,189% |
| Change in cash | - | €62,537 | -€98,775 | €214,301 | -€114,211 | ▼ 153% |
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
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 49 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 4.65
Current ratio from 2.31 to 4.65; short-term debt falls from €155,151 to €73,489.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 8.58
Current ratio from 4.01 to 8.58; short-term debt falls from €123,918 to €59,007.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €78,445 ▼84.3%
Net result drops to €78,445, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.92
Current ratio from 0.98 to 2.92; short-term debt falls from €68,625 to €41,527.
31-12
Financial
Equity above €1mEq €1.0m ▲8.4%
3 profitable years in a row build equity to €1.0m.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €498,740 ▲149%
Net result €498,740, the highest in the series.
31-12
Financial
Equity above €500,000Eq €933,028 ▲115%
2 profitable years in a row build equity to €933,028.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneNBB 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, Tongeren-Borgloon · 1 establishment unit since 2008
Ground area
592 m²
Building footprint
165 m²
Volume, LiDAR
826 m³
Parcel 73348B0168/00B000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BS MANAGEMENT
since 20082.170.716.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73348B0168/00B000 | Flanders | 592 m² | 1 · 165 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdings · 3 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
90%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- WIN2INVEST 100%
According to the 2025 annual accounts of BS MANAGEMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,177 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
Founded24-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897529320
Also
9925:BE0897529320
Registered
24-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.