Equity
BXLMRS paid out €82,145 in dividends. That is 279% of the 2025 profit.
BXLMRS paid out €82,145 in dividends. That is 279% of the 2025 profit.
The micro format states no turnover.
Debts rose by €81,853 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Green is investment, beige is depreciation. Machinery stands 160.2% higher than in 2024.
Short-term debts rose from €85,949 to €180,116.
Ten of the last ten came late. The 2019 accounts came latest: 90 days after the end of the period.
The dashed line is the sector median: 0.1% across 14,826 companies (NACE 71, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 44% of them on solvency, 9% on liquidity, 48% on profitability and 18% on growth.
The bankruptcy probability was computed on 04-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 34,693 companies had the same profile as BXLMRS has now. Each dot stands for 87 companies, two years later.
The bankruptcy probability of BXLMRS itself is higher: 1.7% within 12 months. It rests on far more data about BXLMRS than the profile alone.
The method was tested on the 497,446 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 34,693 companies, not a prediction for BXLMRS. 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.
Liquidity is ample, with a current ratio of 1.84 (3.53 in 2024), above the usual 1.5. Short-term debt is 54.1% and cash 0% of total assets. However, 54.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 52 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| BXLMRS Sint-Gillis (bij-Brussel) | €333,041 | €36,446 | 45.9% | - |
| Architecture & Patrimoine - Architectuur & Patrimonium Etterbeek | €370,260 | €39,842 | 13.8% | - |
| SPECIMEN architects sprl Namur | €322,870 | €34,129 | 4.5% | - |
| Marieke Smet Architecten Beveren-Kruibeke-Zwijndrecht | €344,463 | €40,131 | 22.0% | - |
| KEY SOLUTION PROJECTS Merchtem | €332,377 | €31,516 | 42.5% | - |
| Tom Mahieu Architect Oudenaarde | €371,040 | €40,907 | 82.7% | - |
| AICO ARCHITECTEN Ghent | €286,410 | €38,182 | 85.1% | - |
These companies have the same main activity as BXLMRS: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €286,000 and €371,000, founded between 2011 and 2014.
BXLMRS files the micro format. That format states no turnover. The gross margin rose from €29,904 in 2013 to €36,446 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.
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