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B.S.I.

Active
Public limited companyfounded 200718 years activeRue George Stephenson 25, 7180 Seneffe, BelgiumKBO/BCE: BE 0893.134.725
Summary

B.S.I. has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.3m and a net result of -€300,916. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 227 sector peers (NACE 22, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of rubber and plastic products
NACE 22210
#3 company by total assets in Hainaut, Rubber and plastics sector1 site
Size
€9.6mturnover 2025
Staff
14.4 FTE
Equity
€11.3m
Loss
-€300,916
Staff (FTE) -53%: branch transferred
Financial health
87 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.2%
Structure
Largest shareholder
B.S.I. BELGIUM · 45.79%
Board
4 members
Holdings
1
Auditor: DPO BEDRIJFSREVISORENAccounts 9 days early
Why 87- Liquidity: current ratio 2.42, cash €184,063- Loss of €300,916, the second in a row (FY 2025)+ Founded in 2007+ Figures for FY 2025 (filed 22-07-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (NACE 22, small)
Financial strength · tick = 2024
Strong
Solvency 71+4
equity 46.4% of total assets
Liquidity 51+1
short-term debt 2.7% · cash 0.8%
Profitability 78+6
return on assets -1.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (161 companies)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024lowest value 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.2%▼ -0.3 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 2.42 against 1.93 in 2024; short-term debt: 2.7% and cash: 0.8% of total assets), but 53.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 22, small): better than 49% on solvency, 67% on liquidity, 72% on profitability and 16% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2007
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 2.42, cash €184,063
NBB · annual accounts
raises risk · Loss of €300,916, the second in a row (FY 2025)
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 22-07-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€300,916
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 days early
2024
4 days late
2023
30 days early
2022
1 day late
2021
3 days early
2020
31 days early
2019
9 days 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 11 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Capital & shares · PurposeAppointment: DPO BEDRIJFSREVISOREN (statutory auditor)…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: Among the weakest 15% on net resultsector median €155,118 · 227 companies -€300,916 View
  • Caution: Turnover fell in 2025from €16.4m to €9.6m ▼ 41.9% View
  • 2 restructurings since 2024latest: branch transferred to BSI Pipe Systems 2 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€300,916 View

By topic

Financials

Fiscal year
2025
Turnover
€9.6m
Loss
-€300,916
Solvency
46.4%
Turnover▼ 41.9%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
Largest shareholder
B.S.I. BELGIUM · 45.79%
Auditor
DPO BEDRIJFSREVISOREN
Go to Board & ownership

Network & group

Subsidiaries
1
Connected companies
9
Mergers and contributions
3

1 subsidiary

Go to Network & group

Timeline

Events
39
Since
2007
Next accounts
by 31-07-2027
  1. 28-05-2025Statutes amendment · Restructuring
  2. 14-08-2024Appointment: BV DPO Bedrijfsrevisoren (commissaire aux comptes)
  3. 01-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of rubber and plastic productsNACE 22210
Founded
29-10-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Toutes opérations immobilières et notamment la vente, l'achat, l'échange, la corstruction…
Go to Articles of association

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