BSF BUILDING
ActiveSummary
BSF BUILDING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,983 and a net result of -€1,233. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-6
Solvency92▲+14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.13 against 1.92 in 2024; short-term debt: 12.4% and cash: 2.6% of total assets), and 33.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
-1.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
12 d late
2023
30 d late
2022
17 d late
2021
9 d late
2020
24 d late
2019
12 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 16 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 12 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€44,983▼ 2.7%
2024 · €46,216
Total assets
€67,350▼ 23.4%
2024 · €87,952
Net result
-€1,233
2024 · €2,187
Working capital
€17,790▼ 2.8%
2024 · €18,300
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result€6,398▲ 70.4%€4,265▼ 33.3%€7,670▲ 79.9%€3,621▼ 52.8%€204▼ 94.4%
Net result€4,715within the sector's middle half▲ 90.1%€3,779within the sector's middle half▼ 19.9%€4,384within the sector's middle half▲ 16.0%€2,187within the sector's middle half▼ 50.1%-€1,233below the sector's middle half
Equity€35,866within the sector's middle half▲ 15.1%€39,644within the sector's middle half▲ 10.5%€44,028within the sector's middle half▲ 11.1%€46,216within the sector's middle half▲ 5.0%€44,983below the sector's middle half▼ 2.7%
Total assets€62,906below the sector's middle half▲ 1.4%€66,609below the sector's middle half▲ 5.9%€64,827below the sector's middle half▼ 2.7%€87,952within the sector's middle half▲ 35.7%€67,350below the sector's middle half▼ 23.4%
Debt€27,040▼ 12.4%€26,964▼ 0.3%€20,799▼ 22.9%€41,736▲ 101%€22,368▼ 46.4%
Working capital€17,160within the sector's middle half▲ 18.6%€18,545within the sector's middle half▲ 8.1%€24,472within the sector's middle half▲ 32.0%€18,300within the sector's middle half▼ 25.2%€17,790within the sector's middle half▼ 2.8%
Solvency57.0%within the sector's middle half▲ 6.8pp59.5%within the sector's middle half▲ 2.5pp67.9%above the sector's middle half▲ 8.4pp52.5%within the sector's middle half▼ 15.4pp66.8%above the sector's middle half▲ 14.2pp
Current ratio2.16within the sector's middle half▲ 0.111.94within the sector's middle half▼ 0.212.33within the sector's middle half▲ 0.391.92within the sector's middle half▼ 0.423.13above the sector's middle half▲ 1.21
Return on assets (ROA)7.5%within the sector's middle half▲ 3.5pp5.7%within the sector's middle half▼ 1.8pp6.8%within the sector's middle half▲ 1.1pp2.5%within the sector's middle half▼ 4.3pp-1.8%below the sector's middle half▼ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,350
Fixed assets
€41,192 ▼ 17.2%
Current assets
€26,158 ▼ 31.6%
Equity and liabilities €67,350
Equity
€44,983 ▼ 2.7%
Debt
€22,368 ▼ 46.4%
Debt's share of the balance-sheet total falls from 47.5% to 33.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,185▼
2024 · €13,845
Cash flow
€10,749▼
2024 · €12,411
Debt to equity
0.50▼
2024 · 0.90
ROE
-2.7%▼
2024 · 4.7%
Interest coverage
18.05▲
2024 · 10.19
Debt ≤ 1 year
€8,368▼
2024 · €19,932
Debt > 1 year
€14,000▼
2024 · €20,000
Income taxes
€761▲
2024 · €76
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
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 1.1% 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 497,338 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% | 1.9% |
| 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 6,910 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,685 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,546 | €6,242 | €6,430 | €10,224 | €11,982 | ▲ 17.2% |
| Other operating charges640/8 | €797 | €865 | €979 | €772 | €705 | ▼ 8.7% |
| Gross operating margin9900 | €12,741 | €11,372 | €15,079 | €14,618 | €12,891 | ▼ 11.8% |
| Operating profit (loss)9901 | €6,398 | €4,265 | €7,670 | €3,621 | €204 | ▼ 94.4% |
| Financial charges65/66B | €453 | €443 | €446 | €1,358 | €675 | ▼ 50.3% |
| Recurring financial charges65 | €453 | €443 | €446 | €1,358 | €675 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | €5,945 | €3,821 | €7,225 | €2,263 | -€472 | ▼ 121% |
| Income taxes67/77 | €1,230 | €43 | €2,841 | €76 | €761 | ▲ 906% |
| Profit (loss) for the period9904 | €4,715 | €3,779 | €4,384 | €2,187 | -€1,233 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | €4,715 | €3,779 | €4,384 | €2,187 | -€1,233 | ▼ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,906 | €66,609 | €64,827 | €87,952 | €67,350 | ▼ 23.4% |
| Fixed assets21/28 | €30,924 | €28,430 | €22,000 | €49,719 | €41,192 | ▼ 17.2% |
| Tangible fixed assets22/27 | €20,924 | €18,430 | €12,000 | €39,719 | €31,192 | ▼ 21.5% |
| Plant, machinery and equipment23 | - | €3,186 | €2,436 | €2,960 | €2,664 | ▼ 10.0% |
| Furniture and vehicles24 | €20,924 | €15,244 | €9,564 | €36,759 | €28,528 | ▼ 22.4% |
| Financial fixed assets28 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €31,982 | €38,179 | €42,827 | €38,233 | €26,158 | ▼ 31.6% |
| Amounts receivable within one year40/41 | €25,637 | €33,524 | €31,309 | €21,393 | €24,344 | ▲ 13.8% |
| Trade receivables40 | €25,067 | €33,089 | €28,800 | €19,845 | €18,642 | ▼ 6.1% |
| Other amounts receivable41 | €570 | €435 | €2,509 | €1,548 | €5,702 | ▲ 268% |
| Cash at bank and in hand54/58 | €6,054 | €4,355 | €10,512 | €15,163 | €1,726 | ▼ 88.6% |
| Deferred charges and accrued income490/1 | €291 | €300 | €1,006 | €1,677 | €87 | ▼ 94.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,906 | €66,609 | €64,827 | €87,952 | €67,350 | ▼ 23.4% |
| Equity10/15 | €35,866 | €39,644 | €44,028 | €46,216 | €44,983 | ▼ 2.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €29,666 | €33,444 | €37,828 | €40,016 | €38,783 | ▼ 3.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €27,806 | €31,584 | €35,968 | €38,156 | €36,923 | ▼ 3.2% |
| Amounts payable17/49 | €27,040 | €26,964 | €20,799 | €41,736 | €22,368 | ▼ 46.4% |
| Amounts payable after more than one year17 | €12,217 | €7,331 | €2,444 | €20,000 | €14,000 | ▼ 30.0% |
| Financial debts170/4 | €12,217 | €7,331 | €2,444 | €20,000 | €14,000 | ▼ 30.0% |
| Amounts payable within one year42/48 | €14,822 | €19,634 | €18,355 | €19,932 | €8,368 | ▼ 58.0% |
| Financial debts43 | €4,887 | €4,887 | €4,887 | €8,444 | €6,000 | ▼ 28.9% |
| Credit institutions430/8 | €4,887 | €4,887 | €4,887 | €8,444 | €6,000 | ▼ 28.9% |
| Trade debts44 | €4,695 | €1,623 | €4,894 | €7,937 | €2,368 | ▼ 70.2% |
| Suppliers440/4 | €4,695 | €1,623 | €4,894 | €7,937 | €2,368 | ▼ 70.2% |
| Taxes, remuneration and social security45 | €5,240 | €8,978 | €7,386 | - | - | - |
| Taxes450/3 | €3,240 | €1,230 | €1,776 | - | - | - |
| Remuneration and social security454/9 | €2,000 | €7,748 | €5,611 | - | - | - |
| Other amounts payable47/48 | - | €4,146 | €1,187 | €3,552 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,804 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,715 | €3,779 | €4,384 | €2,187 | -€1,233 | ▼ 156% |
| + Depreciation and write-downs630 | €5,546 | €6,242 | €6,430 | €10,224 | €11,982 | ▲ 17.2% |
| Operating cash flow (approximation) | €10,261 | €10,021 | €10,813 | €12,411 | €10,749 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€3,748 | €0 | -€37,943 | -€3,455 | ▲ 90.9% |
| Change in cash | - | -€1,699 | €6,157 | €4,651 | -€13,436 | ▼ 389% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet -€1,233
Net result drops to -€1,233, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Highest result since 2018net €4,715 ▲90.1%
Net result €4,715, the highest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brecht · 1 establishment unit since 2014
Ground area
2,380 m²
Building footprint
336 m²
Volume, LiDAR
1,401 m³
Parcel 11333C0720/00C000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BSF Building
since 20142.233.886.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333C0720/00C000 | Flanders | 2,380 m² | 1 · 336 m² | 6.8 m · 1 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.
Similar companies · same sector, comparable size
HEY INTERIORS & TRADING
BE 0457.741.911
Sint-Lievens-Houtem · Eq €45,019
Quintyn Consultancy
BE 0846.132.384
Deinze · Eq €45,028
4.maat
BE 1002.018.314
Sint-Gillis-Waas · Eq €44,903
NYS INTERIORS
BE 0757.630.376
Deerlijk · Eq €45,063
TOLERIE, DECOUPE & FACON
BE 0831.461.432
Ouffet · Eq €44,900
Of 20,026 companies in sector 43320 we hold annual accounts for 9,139. 7,293 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
Founded23-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43211General electrical installation work
43221Plumbing work
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0556990133
Also
9925:BE0556990133
Registered
03-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.