BSH HOME APPLIANCES
ActiveBSH HOME APPLIANCES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.81M and a net result of €5.47M. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+4
Solvency41=
Growth46=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.49 in 2024; short-term debt: 68% and cash: 60.3% of total assets), and 84.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
15.6%
Return on assets
9.7%
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 17%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
48 d early
2023
34 d early
2022
34 d early
2021
18 d early
2020
19 d early
2019
45 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€181.53M▼ 2.4%
2024 · €186.07M
2018: €219.11M
2019: €214.97M
2020: €210.31M
2021: €226.23M
2022: €204.57M
2023: €197.70M
2024: €186.07M
2018 → 2025
EBIT margin
5.7%▲ 1.6pp
2024 · 4.1%
2018: 3.5%
2019: 4.0%
2020: 4.6%
2021: 4.8%
2022: 6.2%
2023: 5.3%
2024: 4.1%
2018 → 2025
Net result
€5.47M▲ 34.3%
2024 · €4.08M
2018: €2.33M
2019: €3.36M
2020: €4.14M
2021: €4.73M
2022: €6.62M
2023: €6.13M
2024: €4.08M
2018 → 2025
Working capital
€15.97M▼ 4.6%
2024 · €16.75M
2018: €28.17M
2019: €30.30M
2020: €19.75M
2021: €16.05M
2022: €15.14M
2023: €13.97M
2024: €16.75M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€226.23M-€204.57M▼ 9.6%€197.70M▼ 3.4%€186.07M▼ 5.9%€181.53M▼ 2.4%
Equity€8.81M-€8.83M▲ 0.2%€8.86M▲ 0.3%€8.83M▼ 0.3%€8.81M▼ 0.3%
Operating result€10.75M-€12.70M▲ 18.1%€10.50M▼ 17.3%€7.62M▼ 27.4%€10.35M▲ 35.9%
Net result€4.73M-€6.62M▲ 40.0%€6.13M▼ 7.4%€4.08M▼ 33.5%€5.47M▲ 34.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56.55M
Fixed assets
€2.12M▼ 46.1%
Current assets
€54.43M▲ 7.1%
Equity and liabilities €56.55M
Equity
€8.81M▼ 0.3%
Provisions
€7.99M▼ 24.5%
Debt
€39.75M▲ 12.5%
The debt ratio rises from 64.6% to 70.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11.08M▲
2024 · €8.32M
Cash flow
€6.20M▲
2024 · €4.78M
Solvency
15.6%▼
2024 · 16.1%
Current ratio
1.42▼
2024 · 1.49
Quick ratio
1.40▼
2024 · 1.47
Debt / equity
4.51▲
2024 · 4.00
ROE
62.2%▲
2024 · 46.2%
ROA
9.7%▲
2024 · 7.4%
Interest coverage
3539.49▲
2024 · 1552.30
Debt
€39.75M▲
2024 · €35.35M
Debt ≤ 1 year
€38.46M▲
2024 · €34.07M
Income taxes
€2.63M▲
2024 · €1.51M
Staff costs
€22.27M▲
2024 · €19.87M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€54.76M€56.55M▲
Fixed assets21/28€3.94M€2.12M▼
Tangible fixed assets22/27€3.93M€2.11M▼
Plant, machinery and equipment23€443k€392k▼
Furniture and vehicles24€1.37M€1.11M▼
Other tangible fixed assets26€2.11M€615k▼
Financial fixed assets28€11k€11k=
Other financial fixed assets284/8€11k€11k=
Amounts receivable and cash guarantees285/8€11k€11k=
Current assets29/58€50.82M€54.43M▲
Stocks and contracts in progress3€672k€660k▼
Stocks30/36€672k€660k▼
Goods purchased for resale34€672k€660k▼
Amounts receivable within one year40/41€17.90M€19.01M▲
Trade receivables40€17.90M€19.01M▲
Other amounts receivable41€4k-
Cash at bank and in hand54/58€32.12M€34.07M▲
Deferred charges and accrued income490/1€122k€687k▲
Equity and liabilities
Total equity and liabilities10/49€54.76M€56.55M▲
Equity10/15€8.83M€8.81M▼
Contributions10/11€8.00M€8.00M=
Capital10€8.00M€8.00M=
Issued capital100€8.00M€8.00M=
Reserves13€800k€800k=
Non-distributable reserves130/1€800k€800k=
Legal reserve130€800k€800k=
Profit (loss) carried forward14€33k€8k▼
Provisions and deferred taxes16€10.58M€7.99M▼
Provisions for liabilities and charges160/5€10.58M€7.99M▼
Other liabilities and charges164/5€10.58M€7.99M▼
Amounts payable17/49€35.35M€39.75M▲
Amounts payable within one year42/48€34.07M€38.46M▲
Trade debts44€25.03M€26.60M▲
Suppliers440/4€25.03M€26.60M▲
Taxes, remuneration and social security45€4.94M€6.39M▲
Taxes450/3€1.67M€2.85M▲
Remuneration and social security454/9€3.27M€3.54M▲
Other amounts payable47/48€4.10M€5.47M▲
Accrued charges and deferred income492/3€1.28M€1.30M▲
Income statement
Code20242025
Operating income70/76A€187.95M€183.08M▼
Turnover70€186.07M€181.53M▼
Other operating income74€1.79M€1.50M▼
Non-recurring operating income76A€90k€48k▼
Operating charges60/66A€180.33M€172.73M▼
Goods for resale, raw materials and consumables60€133.50M€127.36M▼
Purchases600/8€133.22M€127.32M▼
Change in stocks: decrease (increase)609€283k€35k▼
Services and other goods61€24.59M€15.32M▼
Remuneration, social security and pensions62€19.87M€22.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€702k€728k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1.16M€-53k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€2.57M€5.25M▲
Other operating charges640/8€251k€125k▼
Non-recurring operating charges66A-€1.73M
Operating profit (loss)9901€7.62M€10.35M▲
Financial income75/76B€1.33M€777k▼
Recurring financial income75€1.33M€777k▼
Income from current assets751€1.33M€777k▼
Financial charges65/66B€3.36M€3.03M▼
Recurring financial charges65€3.36M€3.03M▼
Debt charges650€5k€3k▼
Other financial charges652/9€3.35M€3.02M▼
Profit (loss) for the period before taxes9903€5.59M€8.10M▲
Income taxes67/77€1.51M€2.63M▲
Taxes670/3€1.51M€2.63M▲
Profit (loss) for the period9904€4.08M€5.47M▲
Profit (loss) for the period to be appropriated9905€4.08M€5.47M▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.13M€5.51M▲
Profit (loss) brought forward from the previous period14P€56k€33k▼
Profit to be distributed694/7€4.10M€5.50M▲
Return on contributions (dividend)694€4.10M€5.50M▲
Social balance
Average headcount (FTE)9087221.3210.6▼
The notes to these accounts (58 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €6.62M ▲40%
Operating result €12.70M, net result €6.62M, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-11-2025
Stéphane Brichard: Resigned as Director
01-11-2025
Stéphane Brichard: Resigned as Daily management
30-06-2025
Sophie Vandevoorde: Resigned as Director
30-06-2025
Sophie Vandevoorde: Resigned as Managing director
01-06-2024
Bruno Gahery: Resigned as Director
01-04-2023
Huibert Arie De Haan: Resigned as Director
01-04-2023
Huibert Arie De Haan: Resigned as Managing director
01-10-2022
Georges Van der Meulen: Resigned as Director
01-10-2022
Georges Van der Meulen: Resigned as Managing director
31-03-2021
Christian Prenzel: Resigned as Director
31-03-2021
Norbert Klein: Resigned as Director
01-01-2021
Nathalie Saunier: Resigned as Director
01-07-2019
Baader Thomas: Resigned as Director
01-01-2018
Andrea Willmeroth: Resigned as Director
01-01-2018
Ralf Pauer: Resigned as Director
01-01-2017
Johannes Krabichler: Resigned as Director
04-11-2015
RENIERS Christian: Resigned as Director
09-03-2015
Josef Amberger: Resigned as Director
05-01-2015
Peter Geilen: Resigned as Director
05-01-2015
Strauch-Hausser, Laurent: Resigned as Director
22-10-2014
Stefan Koss: Resigned as Director
10-03-2013
Michael Toedter: Resigned as Director
31-12-2012
Paul Van Laethem: Resigned as Director
01-08-2012
Christian Prenzel: Resigned as Director
+ 1 not shown in this overview
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2000
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.
Henri-Joseph Genessestraat 11070 AnderlechtGround area
8.4 ha
Building footprint
4.1 ha
Volume, LiDAR
645,196 m³
2 parcels, Brussels · tallest building 34.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Picardstraat 7, 1000 Brussel
since 20002.096.357.763
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0441/00B000 | Brussels | 4.4 ha | 1 · 3.9 ha | 34.0 m · 6 fl. |
| 21306D0302/00K000 | Brussels | 3.9 ha | 1 · 2,172 m² | 18.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| DELOITTE & PARTNERS Statutory auditor · represented by Patrick De Schutter | - → 07-04-2014 |
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Of 977 companies in sector 46431 we hold annual accounts for 705. 200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-12-1998
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
52720
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.