Result
The result fell in 2025 from €13.4m to €842,000.
The result fell in 2025 from €13.4m to €842,000.
Higher solvency than 95% of companies in rubber and plastics. Sector median 50.3% · 232 companies.
The dashed line is the sector median: 0.2% across 77 companies (NACE 22, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, medium-sized). It does better than 89% of them on solvency, 1% on liquidity, 26% on profitability and 56% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Cash is 0.1% of total assets. 0% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
Shares in 4 companies, including Eurocuve and INVEST ZEDELGEM
Board & ownership| Company | ||||
|---|---|---|---|---|
| B.S.I. BELGIUM Oostkamp | €17.2m | - | 100.0% | - |
| DECLERCQ ISOLATIEBEDRIJF - ISODEC Dentergem | €14.2m | €1.9m | 16.9% | 5.9 |
| EURONYL Nazareth-De Pinte | €14.6m | €4.1m | 69.6% | 47.8 |
| VOXDALE Hoogstraten | €13.1m | - | 95.0% | 2.8 |
| PLASTEC Nazareth-De Pinte | €9.6m | €3.6m | 57.6% | 21.1 |
| INNO - MOULD Beveren-Kruibeke-Zwijndrecht | €9.2m | €2.9m | 87.3% | 14.4 |
| Rowin Plastics Bonheiden | €14.1m | €3.0m | 12.7% | 15 |
These companies have the same main activity as B.S.I. BELGIUM: manufacture of rubber and plastic products (NACE 22210). They are comparable in size and age: total assets between €9.2m and €15m, founded between 1981 and 2001.
B.S.I. BELGIUM has existed since 1996. The present size dates from 2007. The balance sheet total rose that year from €1.1m to €10.2m.
BREMHOVE holds all the shares.
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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