BST.M Solution
ActiveSummary
The computed 12-month bankruptcy probability of BST.M Solution is 1.9% (moderate). The 2024 annual accounts show negative equity (€-41k) and a net result of €-11k. Its solvency ranks better than 9% of 9517 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability5▲+5
Solvency0=
Growth58
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.75 in 2023; short-term debt: 141.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-42%
Return on assets
-10.8%
Age of the figures
21 mo
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
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year €-41k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-41k▼ 34.7%
2023 · €-30k
Total assets
€98k▼ 1.2%
2023 · €99k
Net result
€-11k▲ 66.4%
2023 · €-31k
Working capital
€-44k▼ 35.0%
2023 · €-32k
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
Line20232024
Operating result€-29k-€-6k▲ 80.2%
Net result€-31k-€-11k▲ 66.4%
Equity€-30k-€-41k▼ 34.7%
Total assets€99k-€98k▼ 1.2%
Debt€129k-€139k▲ 7.2%
Working capital€-32k-€-44k▼ 35.0%
Staff (FTE)2.1-4.1▲ 95.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €98k
Fixed assets
€3k ▲ 37.7%
Current assets
€95k ▼ 2.1%
Key figures and ratios
EBITDA
€-5k▲
2023 · €-29k
Cash flow
€-9k▲
2023 · €-31k
Solvency
-42.0%▼
2023 · -30.8%
Current ratio
0.68▼
2023 · 0.75
Debt to equity
-3.38▲
2023 · -4.25
ROA
-10.8%▲
2023 · -31.8%
Interest coverage
-0.96▲
2023 · -14.31
Debt ≤ 1 year
€138k▲
2023 · €129k
Income taxes
€43▼
2023 · €128
Staff costs
€233k▲
2023 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €86 | €10k | ▲ 12,007% |
| Remuneration, social security and pensions62 | €89k | €233k | ▲ 161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63 | €1k | ▲ 1,776% |
| Other operating charges640/8 | €581 | €3k | ▲ 353% |
| Gross operating margin9900 | €61k | €231k | ▲ 281% |
| Operating profit (loss)9901 | €-29k | €-6k | ▲ 80.2% |
| Financial income75/76B | €5 | €67 | ▲ 1,369% |
| Recurring financial income75 | €5 | €67 | ▲ 1,369% |
| Financial charges65/66B | €2k | €5k | ▲ 134% |
| Recurring financial charges65 | €2k | €5k | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €-31k | €-11k | ▲ 66.4% |
| Income taxes67/77 | €128 | €43 | ▼ 66.1% |
| Profit (loss) for the period9904 | €-31k | €-11k | ▲ 66.4% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €-11k | ▲ 66.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €99k | €98k | ▼ 1.2% |
| Fixed assets21/28 | €2k | €3k | ▲ 37.7% |
| Tangible fixed assets22/27 | €1k | €2k | ▲ 56.2% |
| Furniture and vehicles24 | €1k | €2k | ▲ 56.2% |
| Financial fixed assets28 | €720 | €720 | = |
| Current assets29/58 | €97k | €95k | ▼ 2.1% |
| Amounts receivable within one year40/41 | €97k | €95k | ▼ 2.0% |
| Trade receivables40 | €96k | €76k | ▼ 21.7% |
| Other amounts receivable41 | €172 | €19k | ▲ 11,041% |
| Deferred charges and accrued income490/1 | €103 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €99k | €98k | ▼ 1.2% |
| Equity10/15 | €-30k | €-41k | ▼ 34.7% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €-31k | €-42k | ▼ 33.6% |
| Amounts payable17/49 | €129k | €139k | ▲ 7.2% |
| Amounts payable within one year42/48 | €129k | €138k | ▲ 7.2% |
| Financial debts43 | €6k | €10k | ▲ 54.7% |
| Credit institutions430/8 | €6k | €10k | ▲ 46.4% |
| Other loans439 | - | €541 | - |
| Trade debts44 | €101k | €73k | ▼ 28.1% |
| Suppliers440/4 | €101k | €73k | ▼ 28.1% |
| Advances received on contracts in progress46 | - | €9k | - |
| Taxes, remuneration and social security45 | €22k | €42k | ▲ 97.0% |
| Taxes450/3 | €8k | €3k | ▼ 61.1% |
| Remuneration and social security454/9 | €14k | €39k | ▲ 191% |
| Other amounts payable47/48 | - | €4k | - |
| Accrued charges and deferred income492/3 | €150 | €169 | ▲ 12.8% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €-11k | ▲ 66.4% |
| + Depreciation and write-downs630 | €63 | €1k | ▲ 1,776% |
| Operating cash flow (approximation) | €-31k | €-9k | ▲ 70.1% |
| Investment in fixed assets (approximation) | - | €-2k | - |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
NBB filing
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Namur · 1 establishment unit since 2023
Ground area
2.5 ha
Building footprint
1,618 m²
Volume, LiDAR
35,904 m³
Parcel 92067C0347/00P000, Wallonia · tallest building 27.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
BST.M Solution
since 20232.348.595.771
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92067C0347/00P000 | Wallonia | 2.5 ha | 1 · 1,618 m² | 27.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
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 and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,577 companies in sector 82300 we hold annual accounts for 1,672. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
82300Organisation of conventions and trade shows
77110Renting and leasing of cars and light motor vehicles
86995Nutrition and dietetics services
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.