Equity
-€130,549
Debts exceed assets in financial year 2025.
BST.M Solution
Lifetime
3 annual accounts with figures on one time axispeak €231,148 (2024)
€115,654▼ 50.0%
lowest -€89,561 (2025)
-€89,561▼ €79,007
peak -€30,434 (2023)
-€130,549▼ €89,561
€192,561▲ 38.9%
Board2 names since 2023
Documentsfilings and deeds
25-09-202656 days late
2025micro format
Gross margin from €231,148 to €115,654Loss of €89,561Equity from -€40,988 to -€130,549Debts from €138,668 to €192,561
Key points
from the 2025 annual accountsLosses
-€131,549 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€192,561 311% of the balance sheet
Financial debts 0%Suppliers 73%Taxes and wages 12%Other 15%
Of this, €192,561 falls due within a year.
Staff
2 employees on 31-12-2025
In 2025, 1 person joined and 4 left.
Filings
3 annual accounts 3 late
The 2024 accounts came latest: 70 days after the end of the period.
Position in the sector
-210.5%
Lower solvency than 95% of companies in office administrative support. Sector median 50.3% · 9,696 companies.
Checked score
32
Weak
Financially stronger than 5% of micro companies in office administrative support (NACE 82)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%lowest value
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.6%▲ +0.1 percentage points vs 01-2025
03-2025: 1.5%▼ -0.1 percentage points vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 2.0%▲ +0.5 percentage points vs 07-2025
09-2025: 2.3%▲ +0.3 percentage points vs 08-2025
10-2025: 3.3%▲ +1.0 percentage point vs 09-2025
11-2025: 2.7%▼ -0.6 percentage points vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.7%● unchanged vs 05-2026
07-2026: 3.8%▲ +1.1 percentage points vs 06-2026
08-2026: 4.6%▲ +0.8 percentage points vs 07-2026
09-2026: 5.0%▲ +0.4 percentage points vs 08-2026
10-2026: 6.5%▲ +1.5 percentage points vs 09-2026highest value
11-2026: 6.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
2 changes of registered office in 24 months
Negative equity -€130,549
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Founded in 2023
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 82, micro). It does better than 5% of them on solvency, 9% on liquidity, 5% on profitability and 2% 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 elevated class on 30-06-2025, 6.3% 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, 7,639 companies had the same profile as BST.M Solution has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BST.M Solution itself: 6.5% 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 7,639 companies, not a prediction for BST.M Solution. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.32 (0.68 in 2024), below 1. Short-term debt is 310.5% and cash 12.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€130,549
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
56 days late
2024
70 days late
2023
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 52 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed 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 25 September (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Rental Europe Frame 730 sharesdeed of 18-01-2023
- SACRÉ Benjamin Jacques 90 sharesdeed of 18-01-2023
- TIMPERMAN Cédric Paul Jacques 90 sharesdeed of 18-01-2023
Recent changes
Registered office moved from Namur to Charleroi
New registered office: Rue du Cerisier 12, 6041 Charleroi · Previous registered office: Chaussée de Liège 654C 22 5100 Namur(Jambes)Belgique · Board meeting of 21-10-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0797196181
Registered office moved from Vedrin to Jambes
New registered office: Chaussée de Liège 654 C/22 à 5100 Jambes · Previous registered office: Rue du Triangle 1, 5020 VEDRIN · General meeting of 30-03-2026 · Gazette deed
Resignation: SACRE Benjamin (director)
General meeting of 01-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BST.M Solution Charleroi | €62,012 | €115,654 | -210.5% | - |
| MUSEVENT PRODUCTIONS Brussels | €79,106 | €91,959 | 47.8% | - |
| Net's Work Hasselt | €45,467 | €108,028 | -43.2% | - |
| DriveCity Nivelles | €89,884 | €134,601 | 24.4% | - |
| RG EVENT SOLUTIONS Braine-l'Alleud | €44,326 | €94,032 | -44.9% | - |
| MK Projects management Antwerp | €70,576 | €78,952 | 77.5% | - |
| BRINKEVIDA Wommelgem | €71,456 | €56,157 | 50.4% | - |
These companies have the same main activity as BST.M Solution: organisation of conventions and trade shows (NACE 82300). They are comparable in size and age: total assets between €44,300 and €89,900, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 16-01-2023Normal situation
- Activity
- Organisation of conventions and trade showsNACE 82300and 4 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2025
- Establishment unit
- 2.348.595.7716041 Charleroi, since 16-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 12-10-2026
Annual accounts 2025
- ≈ €200,000estimated
- €62,012▼ 36.5%
- Employeeson 31-12-2025
- 2▼ 60.0%
- Filing
- Filed on 25-09-2026
Insights on BST.M Solution
BST.M Solution files the micro format. That format states no turnover. The gross margin rose from €60,738 in 2023 to €115,654 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.M Solution
- What is the company number of BST.M Solution?
- The company number of BST.M Solution is 0797.196.181. The VAT number is the same number with BE in front: BE 0797.196.181.
- Where is BST.M Solution based?
- The registered office is at Rue du Cerisier 12, 6041 Charleroi.Company details
- What does BST.M Solution do?
- According to the KBO register, the main activity is organisation of conventions and trade shows (NACE 82300).
- What is the legal form of BST.M Solution?
- BST.M Solution is a private limited company (BV).
- When was BST.M Solution founded?
- BST.M Solution was founded on 16-01-2023.
- Is BST.M Solution still active?
- Yes, BST.M Solution is an active enterprise in the KBO register.
- How many employees does BST.M Solution have?
- BST.M Solution had an average of 3.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BST.M Solution fall under?
- In its 2025 annual accounts, BST.M Solution states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of BST.M Solution?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €115,654 and 33 comparable companies (NACE 82). It probably lies between €140,000 and €300,000.
- Is BST.M Solution profitable?
- In financial year 2025, BST.M Solution made a loss of €89,561.
- Where can I find the annual accounts of BST.M Solution?
- BST.M Solution filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BST.M Solution due?
- BST.M Solution must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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