Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Six of the last ten came late. The 2019 accounts came latest: 118 days after the end of the period.
Lower solvency than 95% of companies in other professional activities. Sector median 49.6% · 4,566 companies.
In July 2024, 6,920 companies had the same profile as BSF has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for BSF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| BSF Bornem | €2,025 | -€4,741 | -243.4% | - |
| POLE SOLUTIONS Rixensart | €1,691 | -€88 | -569.7% | - |
| du Brouis Chaumont-Gistoux | €1,803 | €220 | -5098.1% | - |
| POLYMER INVENT Herzele | €3,518 | -€2,142 | -728.4% | - |
| TessAdvies Puurs-Sint-Amands | €3,253 | -€4,099 | -1064.8% | - |
| RCMS Koksijde | €2,585 | -€12,089 | -2546.1% | - |
| INNOVACT Dalhem | €2,143 | €1,766 | -63.0% | - |
These companies have the same main activity as BSF: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €1,690 and €3,520, founded between 2002 and 2016.
BSF files the micro format. That format states no turnover. The gross margin fell from €963 in 2010 to -€4,741 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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