BSL CONSTRUCT
ActiveSummary
BSL CONSTRUCT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€930,650) and a net result of -€30,659. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,640 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €180 | €180 | €240 | €162 | €162 | = |
| Gross operating margin9900 | -€2,756 | -€2,682 | -€31,268 | -€2,287 | -€2,302 | ▼ 0.7% |
| Operating profit (loss)9901 | -€2,936 | -€2,862 | -€31,508 | -€2,449 | -€2,464 | ▼ 0.6% |
| Financial charges65/66B | €2,528 | €8,322 | €37,946 | €40,174 | €28,195 | ▼ 29.8% |
| Recurring financial charges65 | €2,528 | €8,322 | €37,946 | €40,174 | €28,195 | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | -€5,464 | -€11,184 | -€69,454 | -€42,624 | -€30,659 | ▲ 28.1% |
| Profit (loss) for the period9904 | -€5,464 | -€11,184 | -€69,454 | -€42,624 | -€30,659 | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | -€5,464 | -€11,184 | -€69,454 | -€42,624 | -€30,659 | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,763 | €183,930 | €52,272 | €49,672 | €48,843 | ▼ 1.7% |
| Current assets29/58 | €182,763 | €183,930 | €52,272 | €49,672 | €48,843 | ▼ 1.7% |
| Stocks and contracts in progress3 | €182,551 | €182,551 | €38,567 | €38,567 | €38,567 | = |
| Stocks30/36 | €182,551 | €182,551 | €38,567 | €38,567 | €38,567 | = |
| Cash at bank and in hand54/58 | €212 | €1,379 | €13,705 | €11,106 | €10,276 | ▼ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,763 | €183,930 | €52,272 | €49,672 | €48,843 | ▼ 1.7% |
| Equity10/15 | -€776,729 | -€787,913 | -€857,367 | -€899,991 | -€930,650 | ▼ 3.4% |
| Contributions10/11 | €62,469 | €62,469 | €62,469 | €62,469 | €62,469 | = |
| Capital10 | €62,469 | €62,469 | €62,469 | €62,469 | €62,469 | = |
| Issued capital100 | €62,469 | €62,469 | €62,469 | €62,469 | €62,469 | = |
| Reserves13 | €10,850 | €10,850 | €10,850 | €10,850 | €10,850 | = |
| Non-distributable reserves130/1 | €10,850 | €10,850 | €10,850 | €10,850 | €10,850 | = |
| Legal reserve130 | €10,850 | €10,850 | €10,850 | €10,850 | €10,850 | = |
| Profit (loss) carried forward14 | -€850,049 | -€861,233 | -€930,687 | -€973,310 | -€1.0m | ▼ 3.2% |
| Amounts payable17/49 | €959,492 | €971,843 | €909,639 | €949,663 | €979,493 | ▲ 3.1% |
| Amounts payable within one year42/48 | €959,492 | €971,843 | €909,639 | €949,663 | €979,493 | ▲ 3.1% |
| Trade debts44 | €1,815 | - | - | - | €1,815 | - |
| Suppliers440/4 | €1,815 | - | - | - | €1,815 | - |
| Other amounts payable47/48 | €957,677 | €971,843 | €909,639 | €949,663 | €977,678 | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,464 | -€11,184 | -€69,454 | -€42,624 | -€30,659 | ▲ 28.1% |
| Operating cash flow (approximation) | -€5,464 | -€11,184 | -€69,454 | -€42,624 | -€30,659 | ▲ 28.1% |
| Change in cash | - | €1,167 | €12,326 | -€2,599 | -€829 | ▲ 68.1% |
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
17-08
State Gazette act
Reappointments: Ghislain Lenaers (director) and John Lenaers (director)6 facts ▸
- General meeting, 29-07-2026
- Director reappointment, Ghislain Lenaers (director)
- Director reappointment, John Lenaers (director)
- Board meeting, 29-07-2026
- Director reappointment, Ghislain Lenaers (managing director)
- Director reappointment, John Lenaers (managing director)
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Day-to-day management 2
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0713/00R000 | Flanders | 8,651 m² | 1 · 4,261 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Ghislain Lenaers |
|
| John Lenaers |
|
Structure & network
Owners and holdings
2 ownersChain of control
- Group GL
- BSL CONSTRUCT
Highest known parent: Group GL. The sources do not say who stands above it.
Owners 2
- Group GLparentSourceaccounts Group GL 202599.97%
-
0.03%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Similar companies · same sector and region
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.