BSF
ActiveSummary
BSF has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,929) and a net result of -€5,771. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 3494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-32
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,929
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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
41 d late
2024
38 d early
2023
36 d late
2022
61 d late
2021
32 d early
2020
32 d early
2019
118 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 22 days after the deadline; the sector median for financial year 2024 is 3 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€86,018▲ 27.4%
2020 · €67,509
EBIT margin
28.4%▲ 2.8pp
2020 · 25.7%
Net result
-€5,771
2024 · €24,339
Working capital
-€4,929
2024 · €842
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€86,018▲ 27.4%
Operating result€24,442▲ 41.1%-€20,808€3,064€28,559▲ 832%-€4,861
Net result€17,405▲ 76.4%-€22,365€2,041€24,339▲ 1,093%-€5,771
EBIT margin28.4%▲ 2.8pp
Equity€8,753-€13,611-€23,497▼ 72.6%€842-€4,929
Total assets€27,321▲ 278%€10,653▼ 61.0%€567▼ 94.7%€11,623▲ 1,950%€2,025▼ 82.6%
Debt€18,568▲ 16.9%€24,264▲ 30.7%€24,064▼ 0.8%€10,781▼ 55.2%€6,954▼ 35.5%
Working capital€7,113-€123-€23,497▼ 19,028%€842-€4,929
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,861 after €28,559 in 2024.
Key figures and ratios
Debt ≤ 1 year
€6,954▼
2024 · €10,781
Income taxes
€0▼
2024 · €3,209
Ratios withheld: a balance sheet total of €2,025 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €86,018 | - | - | - | - | - |
| Non-recurring operating income76A | - | €53,416 | €10,421 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €73,408 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €899 | €1,481 | €0 | - | - | - |
| Other operating charges640/8 | €646 | €2,170 | €399 | €537 | €120 | ▼ 77.6% |
| Gross operating margin9900 | €25,987 | -€17,157 | €3,462 | €29,096 | -€4,741 | ▼ 116% |
| Operating profit (loss)9901 | €24,442 | -€20,808 | €3,064 | €28,559 | -€4,861 | ▼ 117% |
| Financial income75/76B | - | - | €132 | €74 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | €132 | €74 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €0 | - | - |
| Financial charges65/66B | €1,106 | €1,147 | €1,236 | €1,086 | €910 | ▼ 16.2% |
| Recurring financial charges65 | €1,106 | €1,147 | €1,236 | €1,086 | €910 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €23,336 | -€21,955 | €1,960 | €27,548 | -€5,771 | ▼ 121% |
| Income taxes67/77 | €5,931 | €409 | -€81 | €3,209 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €17,405 | -€22,365 | €2,041 | €24,339 | -€5,771 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €17,405 | -€22,365 | €2,041 | €24,339 | -€5,771 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,321 | €10,653 | €567 | €11,623 | €2,025 | ▼ 82.6% |
| Fixed assets21/28 | €1,640 | €1,771 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1,640 | €1,771 | €0 | - | - | - |
| Plant, machinery and equipment23 | €1,640 | €1,771 | €0 | - | - | - |
| Current assets29/58 | €25,681 | €8,882 | €567 | €11,623 | €2,025 | ▼ 82.6% |
| Amounts receivable within one year40/41 | €13,007 | €7,890 | €383 | €11,272 | €2,025 | ▼ 82.0% |
| Trade receivables40 | €13,007 | €7,890 | €303 | €2,500 | €2,014 | ▼ 19.4% |
| Other amounts receivable41 | - | - | €80 | €8,772 | €11 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €12,673 | €992 | €47 | €0 | €0 | = |
| Deferred charges and accrued income490/1 | - | - | €137 | €351 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,321 | €10,653 | €567 | €11,623 | €2,025 | ▼ 82.6% |
| Equity10/15 | €8,753 | -€13,611 | -€23,497 | €842 | -€4,929 | ▼ 685% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€9,847 | -€32,211 | -€42,097 | -€17,758 | -€23,529 | ▼ 32.5% |
| Amounts payable17/49 | €18,568 | €24,264 | €24,064 | €10,781 | €6,954 | ▼ 35.5% |
| Amounts payable within one year42/48 | €18,568 | €9,005 | €24,064 | €10,781 | €6,954 | ▼ 35.5% |
| Current portion of amounts payable after more than one year42 | - | - | €4,757 | €0 | - | - |
| Financial debts43 | - | - | - | €4,426 | €5,212 | ▲ 17.8% |
| Credit institutions430/8 | - | - | - | €4,426 | €5,212 | ▲ 17.8% |
| Trade debts44 | €6,138 | €2,720 | €1,621 | €496 | €29 | ▼ 94.1% |
| Suppliers440/4 | €6,138 | €2,720 | €1,621 | €496 | €29 | ▼ 94.1% |
| Taxes, remuneration and social security45 | €8,162 | €6,284 | €536 | €5,860 | €1,655 | ▼ 71.7% |
| Taxes450/3 | €8,162 | €6,284 | €536 | €5,860 | €1,655 | ▼ 71.7% |
| Other amounts payable47/48 | €4,267 | - | €17,151 | €0 | €58 | - |
| Accrued charges and deferred income492/3 | - | €15,259 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,405 | -€22,365 | €2,041 | €24,339 | -€5,771 | ▼ 124% |
| + Depreciation and write-downs630 | €899 | €1,481 | €0 | - | - | - |
| Operating cash flow (approximation) | €18,304 | -€20,883 | €2,041 | €24,339 | -€5,771 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€1,612 | €1,771 | - | - | - |
| Change in cash | - | -€11,681 | -€945 | -€47 | €0 | ▲ 100% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €24,339 ▲1,093%
Operating result €28,559, net result €24,339, both a record.
31-12
Financial
Liquidity times 46current ratio 1.08
Current ratio from 0.02 to 1.08; short-term debt falls from €24,064 to €10,781.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Back to profitnet €2,041
Net result €2,041 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 44current ratio 1.38
Current ratio from 0.03 to 1.38.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9,867
Net result €9,867 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€34,897
Net result drops to -€34,897, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 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
5 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, Bornem · 1 establishment unit since 2010
Ground area
204 m²
Building footprint
97 m²
Volume, LiDAR
670 m³
Parcel 12015C0224/00H000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Desiré Van Hoomissenstraat(EIK) 8, 2880 Bornem
since 20102.189.091.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015C0224/00H000 | Flanders | 204 m² | 1 · 97 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 4,563 companies in sector 74999 we hold annual accounts for 1,935. 185 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 (pre-2019)
Founded28-04-2009
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
63920Other information service activities
85599Other education
Contact
E-mail
femkesaelens@msn.comBornem
Phone
0476/700350Bornem
Scores and ratios are computed by Checked and are not a credit decision.