BSG IMMO
ActiveBSG IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €20k. Equity is growing by ~102.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 19345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency3▲+2
Growth78=
Stability94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.01 in 2023), and 96.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
3.8%
Return on assets
2.1%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 19345 sector peers (2024).
NBB · sector comparisonPosition among 19345 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€36k▲ 125%
2023 · €16k
2022: €3k
2023: €16k
2022 → 2024
Total assets
€950k▲ 1.9%
2023 · €933k
2022: €944k
2023: €933k
2022 → 2024
Net result
€20k▲ 58.1%
2023 · €13k
2022: €1k
2023: €13k
2022 → 2024
Working capital
€-285k▼ 14.5%
2023 · €-249k
2022: €-225k
2023: €-249k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€3k-€16k▲ 383%€36k▲ 125%
Operating result€18k-€30k▲ 71.4%€38k▲ 27.4%
Net result€1k-€13k▲ 858%€20k▲ 58.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 27% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €950k
Fixed assets
€947k▲ 1.9%
Current assets
€3k▲ 11.6%
Equity and liabilities €950k
Equity
€36k▲ 125%
Debt
€914k▼ 0.3%
The debt ratio falls from 98.3% to 96.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€64k▲
2023 · €54k
Cash flow
€46k▲
2023 · €37k
Solvency
3.8%▲
2023 · 1.7%
Current ratio
0.01▼
2023 · 0.01
Quick ratio
0.01▼
2023 · 0.01
Debt / equity
25.17▼
2023 · 56.89
ROE
55.6%▼
2023 · 79.3%
ROA
2.1%▲
2023 · 1.4%
Interest coverage
4.84▲
2023 · 3.91
Debt
€914k▼
2023 · €917k
Debt ≤ 1 year
€288k▲
2023 · €251k
Debt > 1 year
€626k▼
2023 · €665k
Income taxes
€5k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€933k€950k▲
Formation expenses20€1k€651▼
Fixed assets21/28€930k€947k▲
Tangible fixed assets22/27€930k€947k▲
Land and buildings22€930k€947k▲
Current assets29/58€2k€3k▲
Cash at bank and in hand54/58€27€276▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€933k€950k▲
Equity10/15€16k€36k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€14k€34k▲
Amounts payable17/49€917k€914k▼
Amounts payable after more than one year17€665k€626k▼
Financial debts170/4€665k€626k▼
Amounts payable within one year42/48€251k€288k▲
Current portion of amounts payable after more than one year42€38k€39k▲
Trade debts44€867€6k▲
Suppliers440/4€867€6k▲
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€9k▲
Other amounts payable47/48€208k€234k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€60k€69k▲
Operating profit (loss)9901€30k€38k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€16k€25k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€13k€20k▲
Profit (loss) for the period to be appropriated9905€13k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€34k▲
Profit (loss) brought forward from the previous period14P€1k€14k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2022net €20k ▲58.1%
Operating result €38k, net result €20k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Liège · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Genêts 544000 LiègeGround area
628 m²
Building footprint
840 m²
Volume, LiDAR
3,402 m³
Parcel 62818D0392/00F000, Wallonia · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BSG IMMO
since 20212.321.450.421
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62818D0392/00F000 | Wallonia | 628 m² | 1 · 840 m² | 9.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
FONIMMO.RL
BE 0822.389.259
Anderlecht · Eq €36k
Absint
BE 0713.515.964
Staden · Eq €36k
LIPIC
BE 0885.465.785
Mons · Eq €36k
VMDS
BE 0751.687.741
Buggenhout · Eq €36k
MANSOE
BE 0473.702.072
Zedelgem · Eq €36k
Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 2,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-2021
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.