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BSI Group

Active Risk: not assessed
Private limited companyfounded 20224 yrs activeDeerlijkstraat 57, 8570 Anzegem, BelgiumKBO/BCE: BE 0781.604.620
Summary

BSI Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €15.4m and a net result of €546,218. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 6166 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
11 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 February 2022, BSI Group was incorporated as a Private limited company.1 Total assets went from EUR 16 million in 2022 to EUR 23 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€15.4m▲ 17.1%
2023 · €13.2m
Net result
€546,218
2023 · -€567,946
Total assets
€22.7m▲ 12.6%
2023 · €20.1m
Solvency
68.0%▲ 2.6pp
2023 · 65.4%
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line202220232024
Turnover€754,714-€549,776▼ 27.2%€945,788▲ 72.0%
Operating result-€575,245--€243,909▲ 57.6%€118,458
Net result-€881,794below the sector's middle half--€567,946below the sector's middle half▲ 35.6%€546,218above the sector's middle half
Equity€10.2mabove the sector's middle half-€13.2mabove the sector's middle half▲ 28.9%€15.4mabove the sector's middle half▲ 17.1%
Total assets€16.2mabove the sector's middle half-€20.1mabove the sector's middle half▲ 24.0%€22.7mabove the sector's middle half▲ 12.6%
Debt€6.0m-€6.9m▲ 15.5%€7.2m▲ 4.2%
Working capital-€704,506below the sector's middle half-€592,982above the sector's middle half€1.2mabove the sector's middle half▲ 100%
Solvency62.9%within the sector's middle half-65.4%within the sector's middle half▲ 2.5pp68.0%within the sector's middle half▲ 2.6pp
Current ratio0.45within the sector's middle half-3.98above the sector's middle half▲ 3.533.68above the sector's middle half▼ 0.31
Return on assets (ROA)-5.4%below the sector's middle half--2.8%below the sector's middle half▲ 2.6pp2.4%within the sector's middle half▲ 5.2pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000Operating result 2022: -€575,245-€575,245Net result 2022: -€881,794-€881,794Operating result 2023: -€243,909-€243,909Net result 2023: -€567,946-€567,946Operating result 2024: €118,458€118,458Net result 2024: €546,218€546,218202220232024-€1m-€500,000€0€500,000Operating result 2022: -€575,245-€575,000Net result 2022: -€881,794-€882,000Operating result 2023: -€243,909-€244,000Net result 2023: -€567,946-€568,000Operating result 2024: €118,458€118,000Net result 2024: €546,218€546,000202220232024
The operating result returns to profit in 2024: €118,458 after a loss of €243,909 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22.7m
Fixed assets €21.0m ▲ 8.8%
Current assets €1.6m ▲ 106%
Equity and liabilities €22.7m
Equity €15.4m ▲ 17.1%
Debt €7.2m ▲ 4.2%
Debt's share of the balance-sheet total falls from 34.6% to 32.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
ROE
3.5%▲
2023 · -4.3%
Debt ≤ 1 year
€443,438▲
2023 · €198,903
Debt > 1 year
€6.7m▲
2023 · €6.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€20.1m€22.7m▲
Fixed assets21/28€19.3m€21.0m▲
Financial fixed assets28€19.3m€21.0m▲
Current assets29/58€791,885€1.6m▲
Amounts receivable within one year40/41€633,012€1.5m▲
Trade receivables40€586,303€958,387▲
Other amounts receivable41€46,709€523,346▲
Cash at bank and in hand54/58€143,494€48,686▼
Deferred charges and accrued income490/1€15,379€99,431▲
Equity and liabilities
Total equity and liabilities10/49€20.1m€22.7m▲
Equity10/15€13.2m€15.4m▲
Contributions10/11€14.6m€16.3m▲
Profit (loss) carried forward14-€1.4m-€903,522▲
Amounts payable17/49€6.9m€7.2m▲
Amounts payable after more than one year17€6.6m€6.7m▲
Financial debts170/4€4.7m€4.7m=
Other amounts payable178/9€1.9m€2.0m▲
Amounts payable within one year42/48€198,903€443,438▲
Trade debts44€198,903€243,438▲
Suppliers440/4€198,903€243,438▲
Other amounts payable47/48€0€200,000▲
Accrued charges and deferred income492/3€166,472€93,684▼
Income statement Code20232024
Turnover70€549,776€945,788▲
Goods, raw materials, services and sundry goods60/61€793,576€827,212▲
Other operating charges640/8€109€118▲
Gross operating margin9900-€243,800€118,576▲
Operating profit (loss)9901-€243,909€118,458▲
Financial income75/76B€66,139€707,771▲
Recurring financial income75€66,139€707,771▲
Financial charges65/66B€390,176€280,011▼
Recurring financial charges65€390,176€280,011▼
Profit (loss) for the period before taxes9903-€567,946€546,218▲
Profit (loss) for the period9904-€567,946€546,218▲
Profit (loss) for the period to be appropriated9905-€567,946€546,218▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.4m-€903,522▲
Profit (loss) brought forward from the previous period14P-€881,794-€1.4m▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70€754,714€549,776€945,788▲ 72.0%
Goods, raw materials, services and sundry goods60/61€1.3m€793,576€827,212▲ 4.2%
Other operating charges640/8-€109€118▲ 8.3%
Gross operating margin9900-€575,245-€243,800€118,576▲ 149%
Operating profit (loss)9901-€575,245-€243,909€118,458▲ 149%
Financial income75/76B-€66,139€707,771▲ 970%
Recurring financial income75-€66,139€707,771▲ 970%
Financial charges65/66B€306,549€390,176€280,011▼ 28.2%
Recurring financial charges65€306,549€390,176€280,011▼ 28.2%
Profit (loss) for the period before taxes9903-€881,794-€567,946€546,218▲ 196%
Profit (loss) for the period9904-€881,794-€567,946€546,218▲ 196%
Profit (loss) for the period to be appropriated9905-€881,794-€567,946€546,218▲ 196%
Line202220232024Change
Assets
Total assets20/58€16.2m€20.1m€22.7m▲ 12.6%
Fixed assets21/28€15.6m€19.3m€21.0m▲ 8.8%
Financial fixed assets28€15.6m€19.3m€21.0m▲ 8.8%
Current assets29/58€574,873€791,885€1.6m▲ 106%
Amounts receivable within one year40/41€434,941€633,012€1.5m▲ 134%
Trade receivables40€409,776€586,303€958,387▲ 63.5%
Other amounts receivable41€25,165€46,709€523,346▲ 1,020%
Cash at bank and in hand54/58€139,932€143,494€48,686▼ 66.1%
Deferred charges and accrued income490/1-€15,379€99,431▲ 547%
Equity and liabilities
Total equity and liabilities10/49€16.2m€20.1m€22.7m▲ 12.6%
Equity10/15€10.2m€13.2m€15.4m▲ 17.1%
Contributions10/11€11.1m€14.6m€16.3m▲ 11.6%
Profit (loss) carried forward14-€881,794-€1.4m-€903,522▲ 37.7%
Amounts payable17/49€6.0m€6.9m€7.2m▲ 4.2%
Amounts payable after more than one year17€4.7m€6.6m€6.7m▲ 1.8%
Financial debts170/4€4.7m€4.7m€4.7m=
Other amounts payable178/9-€1.9m€2.0m▲ 6.3%
Amounts payable within one year42/48€1.3m€198,903€443,438▲ 123%
Trade debts44€109,310€198,903€243,438▲ 22.4%
Suppliers440/4€109,310€198,903€243,438▲ 22.4%
Other amounts payable47/48€1.2m€0€200,000-
Accrued charges and deferred income492/3€51,038€166,472€93,684▼ 43.7%
Line202220232024Change
Profit (loss) for the period9904-€881,794-€567,946€546,218▲ 196%
Operating cash flow (approximation)-€881,794-€567,946€546,218▲ 196%
Investment in fixed assets (approximation)--€3.7m-€1.7m▲ 53.7%
Change in cash-€3,562-€94,808▼ 2,762%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
30-03
State Gazette act Board meeting · Permanent representative
Director resignation
30-03
State Gazette act Board meeting · Permanent representative
2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial Back to profitnet €546,218
Net result €546,218 after 2 loss-making years.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial Liquidity times 9current ratio 3.98
Current ratio from 0.45 to 3.98; short-term debt falls from €1.3m to €198,903.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 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, Anzegem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
4,006 m²
Building footprint
2,340 m²
Volume, LiDAR
23,835 m³
Parcel 34038A0177/00F000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Newco 2022
Deerlijkstraat 57, 8570 AnzegemComputing infrastructure, data processing, hosting and other information service activities
since 20222.333.111.207
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34038A0177/00F000 Flanders 4,006 m² 1 · 2,340 m² 11.9 m · 3 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.

Structure & network

Owners and holdings

2 owners · 2 holdings · 6 subsidiaries in the tree

Owners 2

Holdings 2

All subsidiaries, including indirect ones 6

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of BSI Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

9845006904EF3EAI9146
live in the LEI register

Similar companies · same sector, comparable size

Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 4,876 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
Founded04-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0781604620
Registered 27-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.