Result
Back in profit in 2025, after a loss of €394,349 in 2024.
Back in profit in 2025, after a loss of €394,349 in 2024.
Of this, €729,650 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 373.9% higher than in 2024.
The 2018 accounts came 13 days late. The other nine of the last ten were filed on time.
Higher net result than 95% of companies in telecommunications. Sector median €12,837 · 120 companies.
The dashed line is the sector median: 0.3% across 61 companies (NACE 61, small).
About 3 in 1,000 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 61, small). It does better than 19% of them on solvency, 51% on liquidity, 95% on profitability and 93% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
In July 2024, 536 companies had the same profile as BMB Projects has now. Each dot stands for 2 companies, two years later.
That fits the bankruptcy probability of BMB Projects itself: 0.3% within 12 months.
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 536 companies, not a prediction for BMB Projects. 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 insufficient, with a current ratio of 0.01 (0.02 in 2024), below 1. Short-term debt is 15.7% and cash 0.1% of total assets. 91.9% 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 35 days before the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| BMB Projects Mechelen | €4.7m | €1.7m | 8.1% | 0 |
| nCentric Europe Oostkamp | €2.4m | €0.7m | 16.6% | 1.2 |
| ContactOffice Group Brussels | €2.4m | €1.0m | 90.3% | 2 |
| TQ PROJECTS Mechelen | €2.6m | €0.6m | 74.5% | - |
| FLASH SERVICES BELGIUM Aartselaar | €4.7m | €2.5m | 38.5% | - |
| Polar Bear Zottegem | €5.6m | €1.5m | 41.6% | 1.6 |
| Arelion Belgium Brussels | €4.2m | €0.2m | 64.7% | 0 |
These companies have the same main activity as BMB Projects: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €2.4m and €5.6m, founded between 1999 and 2018.
BMB Projects files the abbreviated format. That format states no turnover. The gross margin rose from €160,001 in 2009 to €1.7m in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
In June 2025, three directors stepped down. In March 2026, the Official Gazette published the appointment of ROELENS Peter as managing director.
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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