ACTIVE

BSM CONSULTING

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Financial year 2025 · closed on 31/12/2025

Net result

-6,4 k €

-484.8% YoY

Gross margin

41,8 k €

+2241.7% YoY

Equity

-2,3 k €

-117.2% YoY

Workforce

0,9 ETP

What does BSM CONSULTING do?

BSM CONSULTING is a Private limited company incorporated in 2009. Its registered office is in Herstal. It employs on average 0,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.499.532

Incorporation

16/12/2009

Legal form

Private limited company

Registered office

Parc Ind. des Hauts Sarts, 1e av 265
4040 Herstal · Wallonie

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

0,9 ETP

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	41,8 k €	+2242%	1,8 k €	+778%	-262,9 €	-101%	19,8 k €	+87.1%	10,6 k €	-92.8%	147,8 k €	-30.7%	213,3 k €	+6.5%	200,2 k €	+0.5%	199,1 k €	-8.0%	216,6 k €	+266%	59,2 k €	-34.7%	90,7 k €	+16.9%	77,6 k €	+4.3%	74,4 k €	+112%	35,2 k €
EBITDA	-1,6 k €	-188%	1,8 k €	+296%	-909,6 €	-105%	18,9 k €	+345%	-7,7 k €	-180%	9,7 k €	+70.3%	5,7 k €	-62.0%	14,9 k €	+22.4%	12,2 k €	-26.2%	16,5 k €	+1934%	-901,9 €	-47.1%	-613,1 €	-107%	8,7 k €	+296%	-4,4 k €	-638%	-601 €
Operating result	-5 k €	-381%	1,8 k €	+296%	-909,6 €	-105%	18,9 k €	+264%	-11,5 k €	-1336%	-800,2 €	-193%	858,4 €	-82.0%	4,8 k €	+23.4%	3,9 k €	-54.0%	8,4 k €	+370%	-3,1 k €	-44.5%	-2,1 k €	-130%	7,2 k €	+259%	-4,5 k €	-558%	-687,1 €
Net result	-6,4 k €	-485%	1,7 k €	+1187%	-153,7 €	-101%	15,9 k €	+231%	-12,2 k €	-331%	-2,8 k €	-9616%	-29,1 €	-101%	4,2 k €	+2882%	-152,1 €	-103%	4,7 k €	+243%	-3,3 k €	-38.2%	-2,4 k €	-135%	6,8 k €	+249%	-4,6 k €	-540%	-717,7 €
Balance sheet
Equity	-2,3 k €	-117%	13,2 k €	+14.5%	11,5 k €	-1.3%	11,7 k €	+379%	-4,2 k €	-153%	8 k €	-26.2%	10,8 k €	-0.3%	10,8 k €	+64.1%	6,6 k €	-2.3%	6,7 k €	+229%	2,1 k €	-61.6%	5,3 k €	-30.8%	7,7 k €	+772%	885,8 €	-83.8%	5,5 k €
Total assets	62 k €	-13.7%	71,8 k €	+261%	19,9 k €	-21.2%	25,2 k €	+140%	10,5 k €	-76.1%	43,8 k €	-9.1%	48,2 k €	+62.8%	29,6 k €	-50.0%	59,2 k €	-29.6%	84,2 k €	+953%	8 k €	-40.5%	13,4 k €	-57.2%	31,4 k €	+1.7%	30,9 k €	+122%	13,9 k €
Cash	1,2 k €	+34.3%	882,4 €	+214%	281,2 €	-64.2%	786 €	-31.3%	1,1 k €	+87.2%	611,4 €	-4.9%	642,6 €	+3723%	16,8 €	-99.3%	2,5 k €	-69.8%	8,2 k €	+7997%	101,8 €	-19.3%	126,1 €	-97.9%	6,1 k €	+1594%	358,3 €	+263%	98,7 €
Debts	63,7 k €	+9.8%	58 k €	+649%	7,7 k €	-42.8%	13,5 k €	-7.8%	14,7 k €	-56.6%	33,8 k €	+19.2%	28,4 k €	+113%	13,3 k €	-71.9%	47,4 k €	-34.9%	72,9 k €	+1480%	4,6 k €	-24.7%	6,1 k €	-72.1%	21,9 k €	+12.8%	19,4 k €	+276%	5,2 k €
Other
Workforce	0,9 ETP		–		–		–		–		–		–		–		–		5,4 ETP	+135%	2,3 ETP	-20.7%	2,9 ETP	+3.6%	2,8 ETP	0.0%	2,8 ETP	+115%	1,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Steven Blesgen

Director · since 17 juillet 2026

Active

Melati De Simone

Director · since 15 juillet 2024 · until 17 juillet 2026

Active

Ended mandates

Melati De Simone

Director · since 15 juillet 2024

Ended

Steven Blesgen

Director · since 19 février 2021

Ended

SERGE HUBAUT

Director · since 01 avril 2019

Ended

SERGE HUBAUT

Manager · since 01 avril 2019

Ended

At this address

Other companies at this address

Company	CBE no.
CREPIFACADE● Active	0669.944.158

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	19/09/2024	03/07/2023	29/08/2022	26/08/2021	06/07/2020
General meeting	29/08/2026	12/09/2024	30/06/2023	24/06/2022	25/06/2021	26/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/08/2026	31/08/2026	French	PDF
Micro model	31/12/2023	12/09/2024	19/09/2024	French	PDF
Micro model	31/12/2022	30/06/2023	03/07/2023	French	PDF
Micro model	31/12/2021	24/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	26/08/2021	French	PDF
Micro model	31/12/2019	26/06/2020	06/07/2020	French	PDF
Micro model	31/12/2018	28/06/2019	03/07/2019	French	PDF
Micro model	31/12/2017	29/06/2018	09/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	03/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	30/06/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	01/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	06/07/2011	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Steven Blesgen

Director · since 17 juillet 2026

Active

Melati De Simone

Director · since 15 juillet 2024 · until 17 juillet 2026

Active

Ended mandates

Melati De Simone

Director · since 15 juillet 2024

Ended

Steven Blesgen

Director · since 19 février 2021

Ended

SERGE HUBAUT

Director · since 01 avril 2019

Ended

SERGE HUBAUT

Manager · since 01 avril 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other04/08/2026
—
PDF
Mandates06/12/2024
DEMISSIONS, NOMINATIONS, DENOMINATION, OBJET
PDF
Mandates16/03/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates26/04/2019
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-6,4 k €↓
2025
Name changeBSM CONSULTING anc HSS
2023
Annual accounts 20231,7 k €↑
2022
Annual accounts 2022-153,7 €↓
2021
Annual accounts 202115,9 k €↑
2020
Annual accounts 2020-12,2 k €↓
2020
Name changeHSS
2019
Annual accounts 2019-2,8 k €↓
2018
Annual accounts 2018-29,1 €↓
2017
Annual accounts 20174,2 k €↑
2016
Annual accounts 2016-152,1 €↓
2015
Annual accounts 20154,7 k €↑
2014
Annual accounts 2014-3,3 k €↓
2013
Annual accounts 2013-2,4 k €↓
2012
Annual accounts 20126,8 k €↑
2011
Annual accounts 2011-4,6 k €↓
2010
Annual accounts 2010-717,7 €
2010
Name changeHSS CONSTRUCT
16/12/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BSM CONSULTING

Overview

What does BSM CONSULTING do?

Trend over 15 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline