BSM
Annual accounts 2025
abbreviated format, filed on 29-05-2026, 63 days before the deadline€49,893
▼ 4.9%
-€62,633
▼ €11,902
-€62,918
▼ €11,669
-€114,150
▼ €62,918
-223.3%
▼ 131.2 percentage points
0.31
▼ 0.21
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €140,000 and €550,000.
Balance sheet
balance sheet total €51,109 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-223.3%
Lower than 95% of 10,745 companies in 2025.
0.31
Lower than 95% of 10,577 companies in 2025.
-123.1%
Lower than 95% of 10,675 companies in 2025.
BSM
Middle half of the sector
80% of the sector
Abbreviated accounts in wholesale trade (NACE 46)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: middle half
Staff
€44,948
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
51,109 | 55,601 | 63,276 | 195,809 | 320,961 | 421,191 | 436,669 | 166,009 | 248,857 | 102,151 | 186,154 | 248,037 | 6,078 | 9,671 | |
21/28 |
- | 0 | 287 | 761 | 1,235 | - | - | 368 | 736 | 513 | 1,026 | - | - | - | |
22/27 |
- | 0 | 287 | 761 | 1,235 | - | - | 368 | 736 | 513 | 1,026 | - | - | - | |
23 |
- | 0 | 287 | 761 | 1,235 | - | - | 368 | 736 | 513 | 1,026 | - | - | - | |
29/58 |
51,109 | 55,601 | 62,989 | 195,048 | 319,726 | 421,191 | 436,669 | 165,641 | 248,122 | 101,638 | 185,128 | 248,037 | 6,078 | 9,671 | |
40/41 |
49,597 | 48,281 | 50,511 | 189,601 | 316,227 | 417,540 | 420,393 | 8,094 | 83,766 | 58,990 | 105,742 | 196,330 | 733 | 5,025 | |
40 |
47,100 | 46,178 | 48,200 | 4,200 | - | 0 | 19,200 | 3,200 | 22,413 | 50,038 | - | 4,652 | - | - | |
41 |
2,497 | 2,104 | 2,311 | 185,401 | 316,227 | 417,540 | 401,193 | 4,894 | 61,354 | 8,953 | 105,742 | 191,678 | 733 | 5,025 | |
54/58 |
124 | 5,586 | 11,303 | 4,537 | 2,500 | 2,551 | 14,342 | 149,482 | 157,033 | 36,921 | 65,445 | 37,445 | 5,345 | 4,646 | |
490/1 |
1,388 | 1,734 | 1,176 | 910 | 1,000 | 1,100 | 1,935 | 8,065 | 7,322 | 5,726 | 13,941 | 14,262 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
51,109 | 55,601 | 63,276 | 195,809 | 320,961 | 421,191 | 436,669 | 166,009 | 248,857 | 102,151 | 186,154 | 248,037 | 6,078 | 9,671 | |
10/15 |
-114,150 | -51,232 | 17 | 18,986 | 35,362 | 38,484 | 40,408 | 47,890 | 43,461 | 40,389 | 42,271 | 28,950 | 6,024 | 9,617 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
- | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
14 |
-126,550 | -63,632 | -12,383 | 4,726 | 21,102 | 24,224 | 26,148 | 33,630 | 29,201 | 26,129 | 28,011 | 14,690 | -6,376 | -2,783 | |
17/49 |
165,259 | 106,832 | 63,259 | 176,823 | 285,599 | 382,707 | 396,260 | 118,118 | 205,397 | 61,762 | 143,883 | 219,087 | 54 | 54 | |
42/48 |
165,259 | 106,832 | 63,259 | 176,823 | 285,599 | 382,707 | 396,260 | 118,118 | 203,747 | 60,112 | 141,840 | 213,053 | 54 | 54 | |
42 |
- | - | - | - | - | - | - | - | 55,000 | 55,000 | 55,000 | - | - | - | |
43 |
- | - | - | - | - | - | - | 950 | - | - | - | 70,000 | 54 | 54 | |
430/8 |
- | - | - | - | - | - | - | 950 | - | - | - | 70,000 | 54 | 54 | |
44 |
7,637 | 3,454 | 2,240 | 1,136 | 9,655 | 9,293 | 530 | 1,396 | 141,802 | 1,385 | 3,568 | 12,499 | - | - | |
440/4 |
7,637 | 3,454 | 2,240 | 1,136 | 9,655 | 9,293 | 530 | 1,396 | 141,802 | 1,385 | 3,568 | 12,499 | - | - | |
45 |
26,301 | 22,104 | 8,146 | 2,813 | 2,994 | 3,250 | 5,567 | 13,365 | 6,782 | 3,122 | 4,560 | 11,062 | - | - | |
450/3 |
0 | 2,215 | - | 0 | 298 | 630 | 658 | 5,279 | 3,444 | 422 | 4,560 | 9,180 | - | - | |
454/9 |
26,301 | 19,889 | 8,146 | 2,813 | 2,697 | 2,620 | 4,908 | 8,086 | 3,338 | 2,700 | - | 1,882 | - | - | |
47/48 |
131,321 | 81,274 | 52,874 | 172,874 | 272,949 | 370,164 | 390,164 | 102,408 | 164 | 605 | 78,712 | 119,492 | - | - | |
492/3 |
- | - | - | - | - | - | - | - | 1,650 | 1,650 | 2,044 | 6,034 | - | - | |
| Income statement | |||||||||||||||
76A |
7,217 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
49,893 | 52,451 | 34,500 | 5,305 | 19,707 | 19,032 | 22,575 | 34,943 | 46,075 | 1,463 | 19,973 | 33,323 | -2,613 | -2,453 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,453 | |
62 |
112,369 | 102,390 | 52,220 | 21,008 | 20,321 | 19,610 | 20,029 | 34,434 | 25,436 | - | - | - | - | - | |
630 |
0 | 287 | 474 | 474 | 187 | 0 | 368 | 368 | 881 | 513 | 513 | - | - | - | |
631/4 |
- | - | - | 0 | 1,723 | - | - | -2,911 | 2,911 | -3,200 | 3,200 | - | - | - | |
640/8 |
157 | 505 | 503 | 487 | 486 | 485 | 483 | 3,392 | 514 | 3,702 | 504 | 936 | 803 | 164 | |
9901 |
-62,633 | -50,731 | -18,697 | -16,664 | -3,010 | -1,063 | 1,695 | -339 | 16,333 | 447 | 15,757 | 32,387 | -3,416 | -2,617 | |
75/76B |
- | 0 | 0 | 363 | 350 | 124 | 284 | 8,369 | 4,026 | 2,582 | 11,332 | 4,673 | 28 | 152 | |
75 |
- | 0 | 0 | 363 | 350 | 124 | 284 | 8,369 | 4,026 | 2,582 | 11,332 | 4,673 | 28 | 152 | |
65/66B |
285 | 518 | 272 | 74 | 164 | 354 | 1,175 | 1,442 | 14,265 | 4,489 | 7,719 | 4,954 | 212 | 318 | |
65 |
285 | 518 | 272 | 74 | 164 | 354 | 1,175 | 1,442 | 14,265 | 4,489 | 7,719 | 4,954 | 212 | 318 | |
9903 |
-62,918 | -51,249 | -18,969 | -16,376 | -2,824 | -1,294 | 804 | 6,588 | 6,094 | -1,460 | 19,369 | 32,106 | -3,600 | -2,783 | |
67/77 |
- | - | - | 0 | 298 | 630 | 1,136 | 2,158 | 3,022 | 422 | 6,049 | 9,180 | -7 | - | |
9904 |
-62,918 | -51,249 | -18,969 | -16,376 | -3,122 | -1,925 | -332 | 4,430 | 3,072 | -1,882 | 13,320 | 22,926 | -3,593 | -2,783 | |
9905 |
-62,918 | -51,249 | -18,969 | -16,376 | -3,122 | -1,925 | -332 | 4,430 | 3,072 | -1,882 | 13,320 | 22,926 | -3,593 | -2,783 | |
| Appropriation of the result | |||||||||||||||
9906 |
-126,550 | -63,632 | -14,243 | 4,726 | 21,102 | 24,224 | 33,298 | 33,630 | 29,201 | 26,129 | 28,011 | 16,550 | -6,376 | -2,783 | |
14P |
-63,632 | -12,383 | 4,726 | 21,102 | 24,224 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | 0 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
694/7 |
- | - | - | - | - | 0 | 7,150 | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | 0 | 7,150 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
2.5 | 2.3 | 1.2 | 0.5 | 0.5 | 0.5 | 0.6 | 1 | 0.7 | - | - | - | - | - | |
Hours worked1013 |
4,387 | 4,222 | 2,234 | 940 | 1,004 | 932 | 970 | 1,611 | 1,306 | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-05-2026 | 2026-00129656 | |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00298671 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00139069 | |
| 31-12-2022 | abbreviated format | 16-06-2023 | 2023-00136842 | |
| 31-12-2021 | abbreviated format | 09-06-2022 | 2022-20052439 | |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-38500378 | |
| 31-12-2019 | abbreviated format | 29-05-2020 | 2020-13400401 | |
| 31-12-2018 | abbreviated format | 13-06-2019 | 2019-17700574 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-22200469 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-21200186 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-35900434 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-31200566 | |
| 31-12-2013 | abbreviated format | 30-06-2014 | 2014-22800361 | |
| 31-12-2012 | abbreviated format | 25-07-2013 | 2013-34100501 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -62,633 | -50,444 | -18,223 | -16,190 | -2,823 | -1,063 | 2,063 | 28 | 17,214 | 960 | 16,270 | - | - | - | ||
| -62,918 | -50,962 | -18,495 | -15,902 | -2,935 | -1,925 | 36 | 4,798 | 3,953 | -1,369 | 13,833 | - | - | - | ||
| 0 | 0 | 0 | 0 | 1,422 | 0 | 0 | 0 | 1,103 | 0 | 1,539 | - | - | - | ||
| -5,462 | -5,717 | 6,765 | 2,038 | -51 | -11,791 | -135,140 | -7,552 | 120,112 | -28,524 | 28,000 | 32,100 | 699 | - | ||
| -114,150 | -51,232 | -270 | 18,225 | 34,127 | 38,484 | 40,408 | 47,523 | 44,375 | 41,526 | 43,288 | 34,984 | 6,024 | 9,617 | ||
| -223.3% | -92.1% | 0.0% | 9.7% | 11.0% | 9.1% | 9.3% | 28.8% | 17.5% | 39.5% | 22.7% | 11.7% | 99.1% | 99.4% | ||
| 0.31 | 0.52 | 1.00 | 1.10 | 1.12 | 1.10 | 1.10 | 1.40 | 1.22 | 1.69 | 1.31 | 1.16 | - | - | ||
| - | - | - | 9.31 | 8.08 | 9.94 | 9.81 | 2.47 | 4.73 | 1.53 | 3.40 | 7.57 | 0.01 | 0.01 | ||
| - | - | - | -86.3% | -8.8% | -5.0% | -0.8% | 9.2% | 7.1% | -4.7% | 31.5% | 79.2% | -59.6% | -28.9% | ||
| -123.1% | -92.2% | -30.0% | -8.4% | -1.0% | -0.5% | -0.1% | 2.7% | 1.2% | -1.8% | 7.2% | 9.2% | -59.1% | -28.8% | ||
| -219.63 | -97.43 | -66.99 | -218.17 | -17.25 | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 2 | 1 | 1 |
| full-time | 2 | 2 | 1 | 0 | 0 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 2.5 | 2.5 | 1.5 | 0.5 | 0.5 |
| 2.5 | 2.3 | 1.2 | 0.5 | 0.5 | |
| On a permanent contract | 3 | 3 | 2 | 1 | 1 |
| Joined | - | 2 | 1 | - | - |
| Left | - | 1 | 1 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,422 |
| €0 | €287 | €474 | €474 | €187 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BSM
The operating result for 2025 is a loss of €62,633, larger than the loss of €50,731 in 2024. It is the lowest result since 2012.
Equity is negative. Debt (€165,259) exceeds the balance-sheet total (€51,109).