BSMANAGEMENT
InactiveInactive; last annual accounts for fiscal year 2026. Dissolved and wound up in a single deed on 03-03-2026.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 26-02-2026 was due by 26-09-2026 and was filed on 10-03-2026, 200 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
200 d early
2025
143 d early
2024
35 d early
2023
30 d early
2022
24 d early
2021
29 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 53 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Semois Midco · 22 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, unclassified schema
Turnover
€150,000
EBIT margin
63.6%
Net result
-€4,694▲ 100.0%
2025 · -€18.7m
Working capital
€604,192▲ 0.7%
2024 · €599,774
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202420252026
Turnover€150,000
Operating result-€40,178€95,406-€39,431--€6,055▲ 84.6%-€6,242▼ 3.1%
Net result-€60,962▲ 20.9%€74,047€93.3m--€18.7m-€4,694▲ 100.0%
EBIT margin63.6%
Equity€904,994▼ 6.3%€979,041▲ 8.2%€19.9m-€1.3m▼ 93.7%€1.3m▼ 0.4%
Total assets€4.4m▼ 0.9%€4.8m▲ 9.0%€19.9m-€1.3m▼ 93.7%€1.3m▼ 0.6%
Debt€3.5m▲ 0.5%€3.8m▲ 9.1%€5,499-€3,372▼ 38.7%
Working capital-€1.5m▼ 4.3%-€1.3m▲ 7.8%€599,774-€604,192▲ 0.7%
Why a figure moved sharply
- 2026 Net result +100% on 2025. This fiscal year ran 2 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,242 in 2026 against €6,055 in 2025; the loss grows.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.3m
Fixed assets
€650,822 =
Current assets
€599,498 ▼ 1.3%
Key figures and ratios
Solvency
100.0%▲
2025 · 99.7%
ROE
-0.4%
ROA
-0.4%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €177,291 | - | €688 | €35 | ▼ 94.9% |
| Turnover70 | - | €150,000 | - | - | - | - |
| Other operating income74 | - | €26,835 | - | €688 | €35 | ▼ 94.9% |
| Non-recurring operating income76A | €2,066 | €456 | - | - | - | - |
| Operating charges60/66A | - | €81,885 | €39,431 | €6,744 | €6,277 | ▼ 6.9% |
| Services and other goods61 | - | €61,686 | €36,440 | €6,524 | €6,277 | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,947 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €49,476 | - | - | - | - | - |
| Other operating charges640/8 | €1,028 | €20,199 | €2,991 | €220 | - | - |
| Gross operating margin9900 | €49,273 | - | - | - | - | - |
| Operating profit (loss)9901 | -€40,178 | €95,406 | -€39,431 | -€6,055 | -€6,242 | ▼ 3.1% |
| Financial income75/76B | €72,148 | €29,907 | €93.4m | €12,489 | €1,780 | ▼ 85.7% |
| Recurring financial income75 | €49,548 | €29,907 | €93.4m | €12,489 | €1,780 | ▼ 85.7% |
| Income from financial fixed assets750 | - | - | €93.0m | - | - | - |
| Income from current assets751 | - | - | - | €12,489 | €1,780 | ▼ 85.7% |
| Other financial income752/9 | - | €29,907 | €361,696 | - | - | - |
| Non-recurring financial income76B | €22,600 | - | €13,730 | - | - | - |
| Financial charges65/66B | €89,492 | €47,855 | -€29,324 | €18.7m | €233 | ▼ 100.0% |
| Recurring financial charges65 | €66,892 | €47,855 | -€29,324 | €476 | €233 | ▼ 51.2% |
| Debt charges650 | - | €47,711 | - | - | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | -€29,793 | - | - | - |
| Other financial charges652/9 | - | €143 | €468 | €476 | €233 | ▼ 51.2% |
| Non-recurring financial charges66B | €22,600 | - | - | €18.7m | - | - |
| Profit (loss) for the period before taxes9903 | -€57,522 | €77,459 | €93.4m | -€18.6m | -€4,694 | ▲ 100.0% |
| Income taxes67/77 | €3,440 | €3,412 | €77,575 | €1,539 | - | - |
| Taxes670/3 | - | €3,412 | €77,575 | €1,539 | - | - |
| Profit (loss) for the period9904 | -€60,962 | €74,047 | €93.3m | -€18.7m | -€4,694 | ▲ 100.0% |
| Profit (loss) for the period to be appropriated9905 | -€60,962 | €74,047 | €93.3m | -€18.7m | -€4,694 | ▲ 100.0% |
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.4m | €4.8m | €19.9m | €1.3m | €1.3m | ▼ 0.6% |
| Fixed assets21/28 | €2.5m | €2.3m | €19.3m | €650,822 | €650,822 | = |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €149,941 | - | - | - | - | - |
| Furniture and vehicles24 | €141,897 | - | - | - | - | - |
| Other tangible fixed assets26 | €8,044 | - | - | - | - | - |
| Financial fixed assets28 | €2.3m | €2.3m | €19.3m | €650,822 | €650,822 | = |
| Affiliated companies280/1 | - | €2.3m | €19.3m | €650,822 | €650,822 | = |
| Participating interests280 | - | €2.3m | €19.3m | €650,822 | €650,822 | = |
| Current assets29/58 | €2.0m | €2.5m | €605,273 | €607,563 | €599,498 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €1.9m | €2.5m | €605,273 | €607,563 | €599,498 | ▼ 1.3% |
| Trade receivables40 | €27,057 | €70,890 | €3,465 | €3,465 | €3,465 | = |
| Other amounts receivable41 | €1.9m | €2.4m | €601,808 | €604,098 | €596,033 | ▼ 1.3% |
| Cash at bank and in hand54/58 | €63,460 | €147 | - | - | - | - |
| Deferred charges and accrued income490/1 | €2,844 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.4m | €4.8m | €19.9m | €1.3m | €1.3m | ▼ 0.6% |
| Equity10/15 | €904,994 | €979,041 | €19.9m | €1.3m | €1.3m | ▼ 0.4% |
| Contributions10/11 | €60,000 | €60,000 | €17.1m | €17.1m | €17.1m | = |
| Reserves13 | €76,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Non-distributable reserves130/1 | €6,000 | €6,000 | - | - | - | - |
| Reserves not available under the articles1311 | €6,000 | €6,000 | - | - | - | - |
| Distributable reserves133 | €70,000 | €70,000 | €76,000 | €76,000 | €76,000 | = |
| Profit (loss) carried forward14 | €768,994 | €843,041 | €2.7m | -€15.9m | -€15.9m | = |
| Amounts payable17/49 | €3.5m | €3.8m | €5,499 | €3,372 | - | - |
| Amounts payable after more than one year17 | €111,076 | - | - | - | - | - |
| Financial debts170/4 | €111,076 | - | - | - | - | - |
| Amounts payable within one year42/48 | €3.4m | €3.8m | €5,499 | €3,372 | - | - |
| Current portion of amounts payable after more than one year42 | €37,175 | - | - | - | - | - |
| Financial debts43 | €12,500 | - | - | - | - | - |
| Credit institutions430/8 | €12,500 | - | - | - | - | - |
| Trade debts44 | €13,592 | €723 | €2,925 | €658 | - | - |
| Suppliers440/4 | €13,592 | €723 | €2,925 | €658 | - | - |
| Taxes, remuneration and social security45 | €1,569 | €3,257 | €2,575 | €2,714 | - | - |
| Taxes450/3 | €1,569 | €3,257 | €2,575 | €2,714 | - | - |
| Other amounts payable47/48 | €3.3m | €3.8m | - | - | - | - |
| Line | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,962 | €74,047 | €93.3m | -€18.7m | -€4,694 | ▲ 100.0% |
| + Depreciation and write-downs630 | €38,947 | - | - | - | - | - |
| Operating cash flow (approximation) | -€22,015 | €74,047 | €93.3m | -€18.7m | -€4,694 | ▲ 100.0% |
| Investment in fixed assets (approximation) | - | €149,941 | - | €18.7m | €0 | ▼ 100% |
| Change in cash | - | -€63,314 | - | - | - | - |
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
2026
25-03
State Gazette act
End & cessationDissolution · Liquidation closure · Net-asset statement6 facts ▸
State Gazette act
End & cessation
Dissolution · Liquidation closure · Net-asset statement6 facts ▸
- General meeting, 03/03/2026
- Dissolution, 03-03-2026
- Liquidation closure, 03/03/2026
- Net-asset statement, 31/01/2026
- Director discharge, BSMANAGEMENT
- Power of attorney, Sylvain BONIVER
10-03
NBB filing
Annual accounts filed
fiscal year 2026 · unclassified schema
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
31-12
Financial
Weakest financial yearnet -€18.7m
Net result drops to -€18.7m, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €93.3m ▲125,900%
Net result €93.3m, the highest in the series.
31-12
Financial
Liquidity times 169current ratio 110.06
Current ratio from 0.65 to 110.06; short-term debt falls from €3.8m to €5,499.
31-12
Financial
Equity above €10mEq €19.9m ▲1,933%
2 profitable years in a row build equity to €19.9m.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Back to profitnet €74,047
Net result €74,047 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
Show earlier events
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
Semois Midco
22 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- ARDENT FINANCE
- HQ1
- BSMANAGEMENT
Highest known parent: ARDENT FINANCE. The sources do not say who stands above it.
Owners 1
- HQ1parentSourceaccounts HQ1 2024100%
Holdings 1
-
100%
According to the annual accounts to 26-02-2026 of BSMANAGEMENT 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.