BSAM IMMO
ActiveSummary
BSAM IMMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €620,864 and a net result of €17,592. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 54% of 7997 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency81▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.68 in 2024; short-term debt: 10.5% and cash: 0.4% of total assets), and 44.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.9%
Return on assets
1.6%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
6 d early
2023
4 d early
2022
56 d early
2021
2 d early
2020
59 d late
2019
66 d early
← 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 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€620,864▲ 2.9%
2024 · €603,272
Total assets
€1.1m▼ 0.7%
2024 · €1.1m
Net result
€17,592▲ 119%
2024 · €8,025
Working capital
-€82,290▼ 116%
2024 · -€38,019
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,517▲ 23.2%€49,890▲ 333%€13,452▼ 73.0%€38,994▲ 190%€50,944▲ 30.6%
Net result-€4,831below the sector's middle half▲ 40.0%€25,937within the sector's middle half-€850below the sector's middle half€8,025within the sector's middle half€17,592within the sector's middle half▲ 119%
Equity€563,960above the sector's middle half▼ 0.8%€589,897above the sector's middle half▲ 4.6%€589,047above the sector's middle half▼ 0.1%€603,272above the sector's middle half▲ 2.4%€620,864above the sector's middle half▲ 2.9%
Total assets€917,003above the sector's middle half▼ 3.6%€869,292above the sector's middle half▼ 5.2%€860,991above the sector's middle half▼ 1.0%€1.1mabove the sector's middle half▲ 30.0%€1.1mabove the sector's middle half▼ 0.7%
Debt€353,042▼ 7.6%€279,395▼ 20.9%€271,943▼ 2.7%€515,989▲ 89.7%€490,398▼ 5.0%
Working capital-€59,284below the sector's middle half▼ 8.0%-€29,757below the sector's middle half▲ 49.8%-€36,244below the sector's middle half▼ 21.8%-€38,019below the sector's middle half▼ 4.9%-€82,290below the sector's middle half▼ 116%
Solvency61.5%within the sector's middle half▲ 1.7pp67.9%within the sector's middle half▲ 6.4pp68.4%within the sector's middle half▲ 0.6pp53.9%within the sector's middle half▼ 14.5pp55.9%within the sector's middle half▲ 2.0pp
Current ratio0.46below the sector's middle half▼ 0.010.59below the sector's middle half▲ 0.130.51below the sector's middle half▼ 0.080.68below the sector's middle half▲ 0.170.30below the sector's middle half▼ 0.38
Return on assets (ROA)-0.5%below the sector's middle half▲ 0.3pp3.0%within the sector's middle half▲ 3.5pp-0.1%below the sector's middle half▼ 3.1pp0.7%within the sector's middle half▲ 0.8pp1.6%within the sector's middle half▲ 0.9pp
Staff (FTE)1=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▲ 3.7%
Current assets
€34,887 ▼ 57.1%
Equity and liabilities €1.1m
Equity
€620,864 ▲ 2.9%
Debt
€490,398 ▼ 5.0%
Debt's share of the balance-sheet total falls from 46.1% to 44.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138,662▼
2024 · €144,389
Cash flow
€105,309▼
2024 · €113,419
Debt to equity
0.79▼
2024 · 0.86
ROE
2.8%▲
2024 · 1.3%
Interest coverage
7.01▼
2024 · 7.30
Debt ≤ 1 year
€117,177▼
2024 · €119,397
Debt > 1 year
€373,221▼
2024 · €396,593
Income taxes
€13,572▲
2024 · €11,195
Staff costs
€47,405▼
2024 · €95,772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 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% | 1.8% |
| 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% 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 17,040 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €43,877 | €45,826 | €95,772 | €47,405 | ▼ 50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,932 | €47,037 | €47,821 | €105,395 | €87,717 | ▼ 16.8% |
| Other operating charges640/8 | - | €5,795 | €5,763 | €13,389 | €7,649 | ▼ 42.9% |
| Gross operating margin9900 | €106,568 | €146,599 | €112,862 | €253,550 | €193,716 | ▼ 23.6% |
| Operating profit (loss)9901 | €11,517 | €49,890 | €13,452 | €38,994 | €50,944 | ▲ 30.6% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €10,219 | €8,764 | €19,774 | €19,780 | = |
| Recurring financial charges65 | €10,928 | €10,219 | €8,764 | €19,774 | €19,780 | = |
| Profit (loss) for the period before taxes9903 | €589 | €39,671 | €4,688 | €19,220 | €31,164 | ▲ 62.1% |
| Income taxes67/77 | €5,419 | €13,734 | €5,538 | €11,195 | €13,572 | ▲ 21.2% |
| Profit (loss) for the period9904 | -€4,831 | €25,937 | -€850 | €8,025 | €17,592 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | -€4,831 | €25,937 | -€850 | €8,025 | €17,592 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €917,003 | €869,292 | €860,991 | €1.1m | €1.1m | ▼ 0.7% |
| Fixed assets21/28 | €866,604 | €825,787 | €823,332 | €1.0m | €1.1m | ▲ 3.7% |
| Tangible fixed assets22/27 | €866,454 | €825,637 | €823,182 | €1.0m | €1.1m | ▲ 3.7% |
| Land and buildings22 | - | €825,637 | €823,182 | €1.0m | €1.1m | ▲ 4.3% |
| Furniture and vehicles24 | - | - | - | €22,149 | €17,127 | ▼ 22.7% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €50,399 | €43,505 | €37,658 | €81,378 | €34,887 | ▼ 57.1% |
| Amounts receivable within one year40/41 | €29,510 | €16,062 | €26,530 | €49,196 | €18,018 | ▼ 63.4% |
| Trade receivables40 | - | €16,062 | €25,666 | €45,157 | €17,725 | ▼ 60.7% |
| Other amounts receivable41 | - | - | €864 | €4,039 | €293 | ▼ 92.7% |
| Cash at bank and in hand54/58 | €7,732 | €15,751 | €406 | €21,518 | €4,798 | ▼ 77.7% |
| Deferred charges and accrued income490/1 | - | €11,691 | €10,722 | €10,664 | €12,071 | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €917,003 | €869,292 | €860,991 | €1.1m | €1.1m | ▼ 0.7% |
| Equity10/15 | €563,960 | €589,897 | €589,047 | €603,272 | €620,864 | ▲ 2.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Outside capital11 | - | €12,400 | - | - | - | - |
| Other1109/19 | - | €12,400 | - | - | - | - |
| Revaluation surpluses12 | - | €439,335 | €412,013 | €364,200 | €336,879 | ▼ 7.5% |
| Reserves13 | €97,486 | €124,807 | €152,129 | €207,966 | €252,879 | ▲ 21.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €122,947 | €150,269 | €207,966 | €252,879 | ▲ 21.6% |
| Profit (loss) carried forward14 | -€12,581 | €13,355 | €12,506 | €12,506 | €12,506 | = |
| Amounts payable17/49 | €353,042 | €279,395 | €271,943 | €515,989 | €490,398 | ▼ 5.0% |
| Amounts payable after more than one year17 | €242,840 | €206,133 | €198,041 | €396,593 | €373,221 | ▼ 5.9% |
| Financial debts170/4 | - | €206,133 | €198,041 | €396,593 | €373,221 | ▼ 5.9% |
| Amounts payable within one year42/48 | €109,683 | €73,261 | €73,903 | €119,397 | €117,177 | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €36,706 | €38,093 | €62,772 | €70,201 | ▲ 11.8% |
| Trade debts44 | €8,745 | €1,366 | €7,527 | €32,089 | €21,843 | ▼ 31.9% |
| Suppliers440/4 | - | €1,366 | €7,527 | €32,089 | €21,843 | ▼ 31.9% |
| Taxes, remuneration and social security45 | - | €27,154 | €25,197 | €20,653 | €20,501 | ▼ 0.7% |
| Taxes450/3 | - | €19,923 | €15,027 | €8,711 | €16,280 | ▲ 86.9% |
| Remuneration and social security454/9 | - | €7,230 | €10,170 | €11,942 | €4,221 | ▼ 64.7% |
| Other amounts payable47/48 | - | €8,036 | €3,086 | €3,882 | €4,632 | ▲ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,831 | €25,937 | -€850 | €8,025 | €17,592 | ▲ 119% |
| + Depreciation and write-downs630 | €45,932 | €47,037 | €47,821 | €105,395 | €87,717 | ▼ 16.8% |
| Operating cash flow (approximation) | €41,101 | €72,974 | €46,972 | €113,419 | €105,309 | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | -€6,221 | -€45,366 | -€319,946 | -€126,208 | ▲ 60.6% |
| Change in cash | - | €8,020 | -€15,345 | €21,112 | -€16,720 | ▼ 179% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,025
Net result €8,025 after one loss-making year.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €25,937
Net result €25,937 after 2 loss-making years.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
31-03
Financial
Weakest financial yearnet -€8,049
Net result drops to -€8,049, the lowest in the series; recovery starts the following year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
04-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2002
Ground area
645 m²
Building footprint
83 m²
Volume, LiDAR
811 m³
Parcel 52058B0244/00Y000, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Gilly 125, 6043 Charleroi
since 20022.131.401.487
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52058B0244/00Y000 | Wallonia | 645 m² | 1 · 83 m² | 11.2 m · 3 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.
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Of 11,204 companies in this sector we hold annual accounts for 3,517. 1,850 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477233763
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.