BSR OG
ActiveBSR OG has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €920k and a net result of €175k. Equity is growing by ~45.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 911 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-11
Solvency44▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.0 in 2024; short-term debt: 72% and cash: 0% of total assets), and 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.5%
Return on assets
3.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
37 d early
2023
1 d early
2022
24 d early
2021
39 d early
2020
73 d early
2019
122 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€920k▲ 23.5%
2024 · €745k
2018: €68k
2019: €113k
2020: €168k
2021: €221k
2022: €290k
2023: €534k
2024: €745k
2018 → 2025
Total assets
€4.97M▲ 34.9%
2024 · €3.68M
2018: €2.48M
2019: €2.23M
2020: €2.02M
2021: €2.95M
2022: €2.92M
2023: €3.53M
2024: €3.68M
2018 → 2025
Net result
€175k▼ 17.1%
2024 · €211k
2018: €74k
2019: €67k
2020: €80k
2021: €76k
2022: €100k
2023: €244k
2024: €211k
2018 → 2025
Working capital
€-3.55M▼ 52.5%
2024 · €-2.33M
2018: €-1.06M
2019: €-1.03M
2020: €-1.02M
2021: €-1.71M
2022: €-1.73M
2023: €-2.22M
2024: €-2.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€221k-€290k▲ 31.2%€534k▲ 84.0%€745k▲ 39.6%€920k▲ 23.5%
Operating result€158k-€210k▲ 33.1%€415k▲ 97.7%€385k▼ 7.1%€357k▼ 7.3%
Net result€76k-€100k▲ 31.1%€244k▲ 144%€211k▼ 13.3%€175k▼ 17.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.97M
Fixed assets
€4.94M▲ 34.1%
Current assets
€32k▲ 14,777%
Equity and liabilities €4.97M
Equity
€920k▲ 23.5%
Debt
€4.05M▲ 37.8%
The debt ratio rises from 79.8% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€562k▲
2024 · €556k
Cash flow
€380k▼
2024 · €383k
Solvency
18.5%▼
2024 · 20.2%
Current ratio
0.01▲
2024 · 0.00
Quick ratio
0.01▲
2024 · 0.00
Debt / equity
4.40▲
2024 · 3.95
ROE
19.0%▼
2024 · 28.3%
ROA
3.5%▼
2024 · 5.7%
Interest coverage
4.55▼
2024 · 5.52
Debt
€4.05M▲
2024 · €2.94M
Debt ≤ 1 year
€3.58M▲
2024 · €2.33M
Debt > 1 year
€472k▼
2024 · €614k
Income taxes
€58k▼
2024 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.68M€4.97M▲
Fixed assets21/28€3.68M€4.94M▲
Tangible fixed assets22/27€3.68M€4.94M▲
Land and buildings22€3.39M€4.92M▲
Plant, machinery and equipment23€10k€22k▲
Assets under construction and advance payments27€281k€0▼
Current assets29/58€215€32k▲
Amounts receivable within one year40/41€167€32k▲
Other amounts receivable41€167€32k▲
Cash at bank and in hand54/58€47€76▲
Equity and liabilities
Total equity and liabilities10/49€3.68M€4.97M▲
Equity10/15€745k€920k▲
Contributions10/11€19k€19k=
Reserves13€725k€900k▲
Distributable reserves133€725k€900k▲
Amounts payable17/49€2.94M€4.05M▲
Amounts payable after more than one year17€614k€472k▼
Financial debts170/4€614k€472k▼
Amounts payable within one year42/48€2.33M€3.58M▲
Current portion of amounts payable after more than one year42€142k€142k=
Financial debts43€20k€24k▲
Credit institutions430/8€20k€24k▲
Trade debts44€750€526k▲
Suppliers440/4€750€526k▲
Taxes, remuneration and social security45€34k€11k▼
Taxes450/3€34k€11k▼
Other amounts payable47/48€2.13M€2.88M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€205k▲
Other operating charges640/8€10k€60k▲
Gross operating margin9900€567k€623k▲
Operating profit (loss)9901€385k€357k▼
Financial charges65/66B€101k€123k▲
Recurring financial charges65€101k€123k▲
Profit (loss) for the period before taxes9903€284k€233k▼
Income taxes67/77€73k€58k▼
Profit (loss) for the period9904€211k€175k▼
Profit (loss) for the period to be appropriated9905€211k€175k▼
Appropriation of the result
Profit (loss) to be appropriated9906€211k€175k▼
Transfer to equity691/2€211k€175k▼
To other reserves6921€211k€175k▼
The notes to these accounts (16 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €244k ▲144%
Operating result €415k, net result €244k, both a record.
31-12
Financial
Equity above €500kEq €534k ▲84%
6 profitable years in a row build equity to €534k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €221k ▲31.3%
4 profitable years in a row build equity to €221k.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €168k ▲48.9%
3 profitable years in a row build equity to €168k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €67k ▼10.3%
Net result drops to €67k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €113k ▲65.2%
2 profitable years in a row build equity to €113k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Zutendaal · 1 establishment unit since 2017
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.
Tiendenstraat 53690 ZutendaalGround area
1,840 m²
Building footprint
457 m²
Volume, LiDAR
3,343 m³
Parcel 71582E0431/00F025, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BSR OG
since 20172.263.635.352
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71582E0431/00F025 | Flanders | 1,840 m² | 1 · 457 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Truck & Bus Location
BE 0445.195.950
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TO-RENT
BE 0876.808.833
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PETIT FORESTIER BELGIQUE
BE 0459.674.684
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U-rent
BE 0741.670.116
Sint-Niklaas · Eq €880k
LAMBERTS INVEST
BE 0465.674.333
Londerzeel · Eq €984k
Of 361 companies in sector 77120 we hold annual accounts for 233. 149 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2017
Fiscal year end31-12
Activities, NACEBEL
77120Rental and leasing activities
33200Installation of industrial machinery and equipment
68204Real estate activities
77310Rental and leasing activities
77330Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.