Summary
BST-services is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.5m and a net result of €252,510. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 8091 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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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 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
29 d early
2023
22 d early
2022
40 d early
2021
25 d early
2020
1 d late
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 6 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.5m▲ 13.3%
2024 · €1.3m
Net result
€252,510▲ 41.2%
2024 · €178,841
Total assets
€1.7m▲ 8.1%
2024 · €1.6m
Solvency
87.3%▲ 4.0pp
2024 · 83.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€99,813▲ 19.0%€112,488▲ 12.7%€131,640▲ 17.0%€139,508▲ 6.0%€116,727▼ 16.3%
Net result€162,236above the sector's middle half▼ 12.5%€76,122above the sector's middle half▼ 53.1%€135,703above the sector's middle half▲ 78.3%€178,841above the sector's middle half▲ 31.8%€252,510above the sector's middle half▲ 41.2%
Equity€1.1mabove the sector's middle half▲ 13.1%€1.1mabove the sector's middle half▼ 0.4%€1.2mabove the sector's middle half▲ 9.5%€1.3mabove the sector's middle half▲ 12.0%€1.5mabove the sector's middle half▲ 13.3%
Total assets€1.5mabove the sector's middle half▲ 7.0%€1.5mabove the sector's middle half▼ 2.5%€1.5mabove the sector's middle half▲ 0.6%€1.6mabove the sector's middle half▲ 2.5%€1.7mabove the sector's middle half▲ 8.1%
Debt€486,299▼ 4.2%€451,981▼ 7.1%€361,152▼ 20.1%€260,689▼ 27.8%€213,967▼ 17.9%
Working capital-€40,249below the sector's middle half▲ 50.8%-€122,906below the sector's middle half▼ 205%-€127,187below the sector's middle half▼ 3.5%-€161,167below the sector's middle half▼ 26.7%-€82,131below the sector's middle half▲ 49.0%
Solvency68.5%within the sector's middle half▲ 3.7pp70.0%within the sector's middle half▲ 1.5pp76.2%within the sector's middle half▲ 6.2pp83.2%above the sector's middle half▲ 7.1pp87.3%above the sector's middle half▲ 4.0pp
Current ratio0.77within the sector's middle half▲ 0.500.45below the sector's middle half▼ 0.320.41below the sector's middle half▼ 0.040.21below the sector's middle half▼ 0.190.54below the sector's middle half▲ 0.32
Return on assets (ROA)10.5%within the sector's middle half▼ 2.3pp5.1%within the sector's middle half▼ 5.4pp9.0%within the sector's middle half▲ 3.9pp11.5%within the sector's middle half▲ 2.6pp15.0%within the sector's middle half▲ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.6m ▲ 4.9%
Current assets
€96,260 ▲ 118%
Equity and liabilities €1.7m
Equity
€1.5m ▲ 13.3%
Debt
€213,967 ▼ 17.9%
Debt's share of the balance-sheet total falls from 16.8% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
17.2%▲
2024 · 13.8%
Debt ≤ 1 year
€178,391▼
2024 · €205,287
Debt > 1 year
€33,016▼
2024 · €52,942
Income taxes
€42,101▼
2024 · €47,487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,369 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,278 | €4,249 | €4,440 | €13,687 | €25,364 | ▲ 85.3% |
| Other operating charges640/8 | - | €1,602 | €8,643 | €10,604 | €12,401 | ▲ 17.0% |
| Gross operating margin9900 | €105,737 | €118,339 | €144,722 | €163,798 | €154,493 | ▼ 5.7% |
| Operating profit (loss)9901 | €99,813 | €112,488 | €131,640 | €139,508 | €116,727 | ▼ 16.3% |
| Financial income75/76B | - | €1,389 | €51,822 | €91,219 | €180,518 | ▲ 97.9% |
| Recurring financial income75 | €100,443 | €1,389 | €51,822 | €91,219 | €180,518 | ▲ 97.9% |
| Financial charges65/66B | - | €8,391 | €6,516 | €4,399 | €2,635 | ▼ 40.1% |
| Recurring financial charges65 | €8,882 | €8,391 | €6,516 | €4,399 | €2,635 | ▼ 40.1% |
| Profit (loss) for the period before taxes9903 | €191,374 | €105,487 | €176,946 | €226,328 | €294,611 | ▲ 30.2% |
| Income taxes67/77 | €29,139 | €29,365 | €41,243 | €47,487 | €42,101 | ▼ 11.3% |
| Profit (loss) for the period9904 | €162,236 | €76,122 | €135,703 | €178,841 | €252,510 | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €161,316 | €76,122 | €135,703 | €178,841 | €252,510 | ▲ 41.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 8.1% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.5m | €1.6m | ▲ 4.9% |
| Tangible fixed assets22/27 | €53,764 | €49,515 | €46,338 | €128,401 | €202,049 | ▲ 57.4% |
| Land and buildings22 | - | €49,113 | €45,066 | €41,096 | €134,883 | ▲ 228% |
| Furniture and vehicles24 | - | €402 | €1,273 | €87,305 | €67,165 | ▼ 23.1% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €133,211 | €99,264 | €87,804 | €44,120 | €96,260 | ▲ 118% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €16,000 | - | - |
| Other amounts receivable291 | - | €50,000 | €50,000 | €16,000 | - | - |
| Amounts receivable within one year40/41 | €96,505 | €25,227 | €31,262 | €19,615 | €33,556 | ▲ 71.1% |
| Trade receivables40 | - | €13,094 | €15,325 | €8,280 | €14,352 | ▲ 73.3% |
| Other amounts receivable41 | - | €12,133 | €15,937 | €11,336 | €19,204 | ▲ 69.4% |
| Cash at bank and in hand54/58 | €14,661 | €23,092 | €5,458 | €6,500 | €57,722 | ▲ 788% |
| Deferred charges and accrued income490/1 | - | €945 | €1,084 | €2,004 | €4,983 | ▲ 149% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 8.1% |
| Equity10/15 | €1.1m | €1.1m | €1.2m | €1.3m | €1.5m | ▲ 13.3% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €958,568 | €954,690 | €1.1m | €1.2m | €1.4m | ▲ 14.5% |
| Tax-exempt reserves132 | - | €920 | €920 | €920 | €920 | = |
| Distributable reserves133 | - | €953,770 | €1.1m | €1.2m | €1.4m | ▲ 14.5% |
| Amounts payable17/49 | €486,299 | €451,981 | €361,152 | €260,689 | €213,967 | ▼ 17.9% |
| Amounts payable after more than one year17 | €308,334 | €225,000 | €141,667 | €52,942 | €33,016 | ▼ 37.6% |
| Financial debts170/4 | - | €225,000 | €141,667 | €52,942 | €33,016 | ▼ 37.6% |
| Amounts payable within one year42/48 | €173,460 | €222,170 | €214,991 | €205,287 | €178,391 | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €83,333 | €83,333 | €60,905 | €19,926 | ▼ 67.3% |
| Financial debts43 | - | €11,619 | - | - | - | - |
| Credit institutions430/8 | - | €11,619 | - | - | - | - |
| Trade debts44 | €7,001 | €1,463 | €710 | €3,255 | €3,062 | ▼ 5.9% |
| Suppliers440/4 | - | €1,463 | €710 | €3,255 | €3,062 | ▼ 5.9% |
| Taxes, remuneration and social security45 | - | €9,515 | €29,393 | €18,137 | €9,101 | ▼ 49.8% |
| Taxes450/3 | - | €9,515 | €29,393 | €18,137 | €9,101 | ▼ 49.8% |
| Other amounts payable47/48 | - | €116,240 | €101,555 | €122,989 | €146,302 | ▲ 19.0% |
| Accrued charges and deferred income492/3 | - | €4,811 | €4,494 | €2,460 | €2,560 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €162,236 | €76,122 | €135,703 | €178,841 | €252,510 | ▲ 41.2% |
| + Depreciation and write-downs630 | €2,278 | €4,249 | €4,440 | €13,687 | €25,364 | ▲ 85.3% |
| Operating cash flow (approximation) | €164,514 | €80,370 | €140,143 | €192,528 | €277,874 | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | €0 | -€24,797 | -€95,750 | -€99,012 | ▼ 3.4% |
| Change in cash | - | €8,431 | -€17,634 | €1,043 | €51,222 | ▲ 4,813% |
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
Next filing, fiscal year 2026, expected by
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €252,510 ▲41.2%
Net result €252,510, the highest in the series.
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €76,122 ▼53.1%
Net result drops to €76,122, the lowest in the series; recovery starts the following year.
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €1mEq €1.1m ▲13.1%
3 profitable years in a row build equity to €1.1m.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ronse · 1 establishment unit since 2011
Ground area
2,241 m²
Building footprint
1,238 m²
Volume, LiDAR
7,008 m³
Parcel 45422D0877/00W000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
BST-services
since 20112.205.547.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D0877/00W000 | Flanders | 2,241 m² | 1 · 1,238 m² | 6.8 m · 2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-06-2025 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the annual accounts to 30-06-2025 of BST-services 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,818 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2011
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842076893
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.