BSM CONSULTING
ActiveSummary
BSM CONSULTING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-6k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 2276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▼-37
Solvency21▼-22
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 1.24 in 2023; short-term debt: 102.7% and cash: 1.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
-10.4%
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2023
50 d late
2022
28 d early
2021
29 d late
2020
26 d late
2019
25 d early
2018
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-2k
2023 · €13k
2018: €11k
2019: €8k
2020: €-4k
2021: €12k
2022: €12k
2023: €13k
2018 → 2025
Total assets
€62k▼ 13.7%
2023 · €72k
2018: €48k
2019: €44k
2020: €10k
2021: €25k
2022: €20k
2023: €72k
2018 → 2025
Net result
€-6k
2023 · €2k
2018: €-29
2019: €-3k
2020: €-12k
2021: €16k
2022: €-154
2023: €2k
2018 → 2025
Working capital
€-24k
2023 · €14k
2018: €3k
2019: €-9k
2020: €-7k
2021: €12k
2022: €12k
2023: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€-4k-€12k€12k▼ 1.3%€13k▲ 14.5%€-2k
Operating result€-11k-€19k€-910€2k€-5k
Net result€-12k-€16k€-154€2k€-6k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-5k in 2025, compared with €2k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€22k ▲ 43,662%
Current assets
€40k ▼ 44.1%
Key figures and ratios
EBITDA
€-4k
Cash flow
€-6k
Solvency
-3.7%▼
2023 · 18.4%
Current ratio
0.63▼
2023 · 1.24
Debt to equity
-28.27▼
2023 · 4.44
ROA
-10.4%▼
2023 · 2.3%
Interest coverage
-3.16
Debt
€64k▲
2023 · €59k
Debt ≤ 1 year
€64k▲
2023 · €58k
Staff costs
€43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2023 · 40 lines
Balance sheet
Code20232025
Assets
Total assets20/58€72k€62k▼
Fixed assets21/28€50€22k▲
Tangible fixed assets22/27-€831
Furniture and vehicles24-€831
Financial fixed assets28€50€21k▲
Current assets29/58€72k€40k▼
Stocks and contracts in progress3€7k-
Stocks30/36€7k-
Amounts receivable within one year40/41€64k€39k▼
Trade receivables40€13k€32k▲
Other amounts receivable41€50k€7k▼
Cash at bank and in hand54/58€882€1k▲
Equity and liabilities
Total equity and liabilities10/49€72k€62k▼
Equity10/15€13k€-2k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€5k€-10k▼
Amounts payable17/49€59k€64k▲
Amounts payable within one year42/48€58k€64k▲
Trade debts44€8k€19k▲
Suppliers440/4€8k€19k▲
Taxes, remuneration and social security45€38€11k▲
Taxes450/3€38€11k▲
Other amounts payable47/48€50k€34k▼
Accrued charges and deferred income492/3€600€600=
Income statement
Code20232025
Remuneration, social security and pensions62-€43k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€523
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Gross operating margin9900€2k€42k▲
Operating profit (loss)9901€2k€-5k▼
Financial charges65/66B€113€1k▲
Recurring financial charges65€113€1k▲
Profit (loss) for the period before taxes9903€2k€-6k▼
Profit (loss) for the period9904€2k€-6k▼
Profit (loss) for the period to be appropriated9905€2k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-10k▼
Profit (loss) brought forward from the previous period14P€3k€-4k▼
Social balance
Average headcount (FTE)9087-0.9
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
04-08
State Gazette act
Resignation: Melati DE SIMONE (director)Appointment: Steven BLESGEN (director) · Permanent representative: Steven BLESGEN · Registered-office move6 facts ▸
State Gazette act
Resignation: Melati DE SIMONE (director)
Appointment: Steven BLESGEN (director) · Permanent representative: Steven BLESGEN · Registered-office move6 facts ▸
- General meeting, 17/07/2026
- Director resignation, Melati DE SIMONE (director)
- Director resignation, Melati DE SIMONE (permanent representative)
- Director appointment, Steven BLESGEN (director)
- Permanent representative, Steven BLESGEN
- Registered-office move, 265, Première Avenue, 4040 Herstal
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.86
Current ratio from 0.50 to 1.86; short-term debt falls from €15k to €14k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Steven BLESGEN
CurrentDirector · since 17-07-2026
17-07-2026
Steven BLESGEN: Appointed as Director
17-07-2026
Melati DE SIMONE: Resigned as Director
17-07-2026
Melati DE SIMONE: Resigned as Permanent representative
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2010
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.
Parc Ind. des Hauts Sarts, 1e av 2654040 Herstal1 establishment unit
BSM CONSUTING
since 20102.185.082.772
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DEEL BELGIUM GP
BE 0801.088.158
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Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 1,987 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
82100Office administrative and support services
62200Computer consultancy and computer facilities management
63910Web portal activities
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filings
Scores and ratios are computed by Checked and are not a credit decision.