Equity
€99,471 ▲ 39.5%
BST has made a profit without a break since 2012.
BST
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1997peak €49,869 (2025)
€49,869▲ 47.9%
lowest -€4,871 (2011)
€28,171▲ 61.6%
peak €130,911 (2022)
€99,471▲ 39.5%
€46,657▲ 138%
Board2 names since 1997
1 directorPAUWELS Sébastien
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from €33,725 to €49,869Result from €17,428 to €28,171Equity from €71,300 to €99,471Debts from €19,610 to €46,657Investments €28,281Cash from €44,422 to €60,308
Key points
from the 2025 annual accountsInvestments
€28,281 4.5 × depreciation
Green is investment, beige is depreciation.
Filings
28 annual accounts since 1997
Two of the last ten came late. The 2021 accounts came latest: 312 days after the end of the period.
Checked score
98
Excellent
Financially stronger than 83% of micro companies in water collection and supply (NACE 36)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 44 companies (NACE 36, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 1.5%▲ +1.2 percentage points vs 12-2024highest value
02-2025: 1.5%● unchanged vs 01-2025highest value
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▼ -0.3 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.1%▼ -0.1 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 0.1%▼ -1.0 percentage point vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 4.13, cash €60,308
Equity €99,471 (68.1% of total assets)
Sector: Water collection, treatment and supply (NACE 36)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 36, micro). It does better than 72% of them on solvency, 91% on liquidity, 86% on profitability and 83% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as BST has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BST itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for BST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.13 (4.47 in 2024), above the usual 1.5. Short-term debt is 20% and cash 41.3% of total assets. 31.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
28 days early
2023
22 days early
2022
32 days late
2021
312 days late
2020
32 days early
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 37 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460624195
Registered office moved from Sars-la-Buissière to Lobbes
New registered office: River Park Lobbes, rue de la Station 17, 6540 LOBBES · Previous registered office: rue de la Chapelle Marin 6, boîte 2, 6542 Sars-la-Buissière · Board meeting of 04-11-2024 · Gazette deed
Registered office moved from Wauthier-Braine to Sars-la-Buissière
New registered office: rue de la Chapelle Marin 6, 6542 Sars-la-Buissière · Previous registered office: Clos du Moulin Linard 8, 1440 WAUTHIER-BRAINE · Resignation: BRICHART Serge (director) · General meeting of 24-05-2024 · Gazette deed
Change of role: BRICHART Serge, from statutory manager to director
Director discharge: BRICHART Serge · General meeting of 05-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BST Lobbes | €146,128 | €49,869 | 68.1% | - |
| Group Natec Belgium Geraardsbergen | €130,759 | €28,831 | 52.6% | - |
| AQUA BRIO Auderghem | €126,085 | €63,873 | 6.6% | - |
| TECHNIQUES DU TRAITEMENT DE L'EAU Gembloux | €95,609 | €119,089 | 30.8% | - |
| HYDROS Kuurne | €322,818 | €113,637 | 39.2% | - |
| Missing Link Group Jette | €129,283 | €35,260 | 20.5% | - |
| AQwaTech Ichtegem | €237,071 | €50,111 | 27.1% | - |
These companies have the same main activity as BST: water collection, treatment and supply (NACE 36000). They are comparable in size and age: total assets between €95,600 and €323,000, founded between 1991 and 2014.
Official details
Source: KBO- Status
- Active since 06-05-1997Normal situation
- Registered office
- 13 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Water collection, treatment and supplyNACE 36000
- Establishment unit
- 2.081.827.4606540 Lobbes, since 14-05-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- ≈ €200,000estimated
- €146,128▲ 60.7%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on BST
BST files the micro format. That format states no turnover. The gross margin rose from €16,580 in 2006 to €49,869 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BST
- What is the company number of BST?
- The company number of BST is 0460.624.195. The VAT number is the same number with BE in front: BE 0460.624.195.
- Where is BST based?
- The registered office is at Rue de la Station 17, 6540 Lobbes.Company details
- What does BST do?
- According to the KBO register, the main activity is water collection, treatment and supply (NACE 36000).
- What is the legal form of BST?
- BST is a private limited company (BV).
- When was BST founded?
- BST was founded on 06-05-1997.
- Is BST still active?
- Yes, BST is an active enterprise in the KBO register.
- What is the turnover of BST?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €49,869 and 2,935 comparable companies of the same size. It probably lies between €120,000 and €360,000. It is a rough estimate.Financials
- Is BST profitable?
- In financial year 2025, BST made a profit of €28,171.
- Where can I find the annual accounts of BST?
- BST filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BST due?
- BST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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