ACTIVE

BSM

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Financial year 2025 · closed on 30/06/2025

Net result

166,7 k €

+88.8% YoY

Gross margin

2,3 M €

Equity

3,5 M €

+4.9% YoY

Workforce

31,7 ETP

+28.3% YoY

What does BSM do?

BSM is a Private limited company incorporated in 2006. Its registered office is in Ledegem. It employs on average 31,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.585.749

Incorporation

12/12/2006

Legal form

Private limited company

Registered office

Nijverheidslaan 3
8880 Ledegem · FlandreSee on map

Contributed capital

14 410,43 €

Latest accounts

30/06/2025

Average workforce

31,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,3 M €		–		–		–		1,2 M €	-47.1%	2,3 M €	+72.2%	1,3 M €	-35.7%	2 M €	+2.8%	2 M €		–		–		–		–		–		–		–		992,3 k €	+13.8%	871,7 k €
EBITDA	384 k €	+34.6%	285,3 k €	-75.5%	1,2 M €	+20.7%	963,4 k €	+345%	216,5 k €	-83.4%	1,3 M €	+256%	367,5 k €	-66.3%	1,1 M €	-0.6%	1,1 M €	-10.8%	1,2 M €	-6.9%	1,3 M €	+6.2%	1,2 M €	+97.1%	631,9 k €	-9.4%	697,4 k €	+60.7%	433,9 k €	-17.5%	525,7 k €	-20.4%	660,3 k €	+17.8%	560,4 k €
Operating result	229,3 k €	+69.8%	135 k €	-86.7%	1 M €	+22.9%	824,6 k €	+974%	76,8 k €	-93.0%	1,1 M €	+706%	135,5 k €	-83.7%	832,4 k €	+7.7%	773 k €	-19.4%	959,6 k €	-9.4%	1,1 M €	+5.0%	1 M €	+124%	449,9 k €	-16.3%	537,3 k €	+91.6%	280,4 k €	-22.0%	359,6 k €	-27.7%	497,5 k €	+25.3%	397,1 k €
Net result	166,7 k €	+88.8%	88,3 k €	-88.5%	767,1 k €	+20.9%	634,7 k €	+1338%	-51,3 k €	-106%	867,3 k €	+514%	141,2 k €	-83.1%	837,4 k €	+8.6%	770,8 k €	-20.2%	965,6 k €	+34.5%	718 k €	+11.4%	644,6 k €	+119%	294,8 k €	-16.0%	350,8 k €	+90.3%	184,4 k €	-15.8%	219,1 k €	-29.2%	309,4 k €	+15.0%	269,1 k €
Balance sheet
Equity	3,5 M €	+4.9%	3,4 M €	+2.7%	3,3 M €	-0.0%	3,3 M €	-0.0%	3,3 M €	-23.7%	4,3 M €	+15.0%	3,7 M €	+3.3%	3,6 M €	+28.9%	2,8 M €	+36.1%	2,1 M €	+83.4%	1,1 M €	+19.9%	939,9 k €	+19.2%	788,8 k €	+10.2%	715,9 k €	+12.4%	637 k €	+13.3%	562 k €	+64.1%	342,6 k €	+3.0%	332,7 k €
Total assets	6 M €	+7.9%	5,6 M €	-8.1%	6 M €	-7.1%	6,5 M €	+9.3%	6 M €	-19.3%	7,4 M €	+27.8%	5,8 M €	-8.8%	6,3 M €	+8.7%	5,8 M €	+3.9%	5,6 M €	+44.4%	3,9 M €	+1.0%	3,8 M €	+5.1%	3,7 M €	+36.7%	2,7 M €	+1.7%	2,6 M €	+0.2%	2,6 M €	+1.7%	2,6 M €	+62.9%	1,6 M €
Cash	83,9 k €	-48.8%	163,9 k €	+64.1%	99,9 k €	-36.1%	156,2 k €	+38.2%	113 k €	-76.8%	487,3 k €	+1449%	31,5 k €	-95.0%	631,2 k €	+2042%	29,5 k €	-23.7%	38,6 k €	-52.5%	81,4 k €	+1.9%	79,9 k €	+1434%	5,2 k €	-88.4%	44,9 k €	+82.4%	24,6 k €	-21.4%	31,3 k €	+285%	8,1 k €	-95.8%	195,1 k €
Debts	2,5 M €	+12.4%	2,2 M €	-21.0%	2,8 M €	-14.4%	3,2 M €	+25.2%	2,6 M €	-16.3%	3,1 M €	+51.5%	2 M €	-24.9%	2,7 M €	-9.9%	3 M €	-15.0%	3,5 M €	+28.7%	2,8 M €	-5.2%	2,9 M €	+1.2%	2,9 M €	+46.4%	2 M €	-1.7%	2 M €	-3.3%	2,1 M €	-7.5%	2,2 M €	+78.3%	1,2 M €
Other
Workforce	31,7 ETP	+28.3%	24,7 ETP	+4.2%	23,7 ETP	+11.3%	21,3 ETP	+19.7%	17,8 ETP	-1.1%	18,0 ETP	-2.7%	18,5 ETP	-1.6%	18,8 ETP	-0.5%	18,9 ETP	-3.1%	19,5 ETP	+10.2%	17,7 ETP	+13.5%	15,6 ETP	+4.7%	14,9 ETP	+26.3%	11,8 ETP	+31.1%	9,0 ETP	-3.2%	9,3 ETP	+20.8%	7,7 ETP	+60.4%	4,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 9 ended

Active mandates

RHINO

Director · 0778.573.765

Represented by Jeroen BEEUWSAERT

Active

Ended mandates

RHINO

Director · since 17 janvier 2022 · 0778.573.765

Represented by Jeroen BEEUWSAERT

Ended

BEDIGRO

Manager · since 11 décembre 2006 · 0471.324.780

Represented by Didier BEEUWSAERT

Ended

BEDOC

Manager · since 11 décembre 2006 · 0473.968.229

Represented by Jeroen BEEUWSAERT

Ended

BEDIGRO

Manager · 0471.324.780

Represented by Didier BEEUWSAERT

Ended

At this address

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BEEUWSAERT CONSTRUCT● Active	0862.207.858
BEEUWSAERT IMMO● Active	0524.849.875
DE ZILVERBERG● Active	0849.936.368
GROEP BEEUWSAERT CONSTRUCT● Active	0732.604.277
Neushoorn● Active	1009.764.159
RHINO● Active	0778.573.765
VITELO● Active	1010.381.791

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2025	22/10/2024	19/12/2023	17/10/2022	04/10/2021	12/10/2020
General meeting	25/10/2025	12/10/2024	16/12/2023	24/09/2022	02/10/2021	10/10/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	25/10/2025	27/10/2025	Dutch	PDF
Full model	30/06/2024	12/10/2024	22/10/2024	Dutch	PDF
Full model	30/06/2023	16/12/2023	19/12/2023	Dutch	PDF
Full model	30/06/2022	24/09/2022	17/10/2022	Dutch	PDF
Abridged model	30/06/2021	02/10/2021	04/10/2021	Dutch	PDF
Abridged model	30/06/2020	10/10/2020	12/10/2020	Dutch	PDF
Abridged model	30/06/2019	12/10/2019	15/10/2019	Dutch	PDF
Abridged model	30/06/2018	06/10/2018	08/10/2018	Dutch	PDF
Abridged model	30/06/2017	07/10/2017	03/11/2017	Dutch	PDF
Full model	30/06/2016	29/10/2016	16/11/2016	Dutch	PDF
Full model	30/06/2015	24/10/2015	16/11/2015	Dutch	PDF
Full model	30/06/2014	20/09/2014	26/09/2014	Dutch	PDF
Full model	30/06/2013	05/10/2013	17/10/2013	Dutch	PDF
Full model	30/06/2012	17/11/2012	19/11/2012	Dutch	PDF
Full model	30/06/2011	28/01/2012	15/02/2012	Dutch	PDF
Full model	30/06/2010	18/12/2010	07/02/2011	Dutch	PDF
Abridged model	30/06/2009	17/09/2009	30/09/2009	Dutch	PDF
Abridged model	30/06/2008	20/09/2008	13/10/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 30/06/2025 · 1 active · 9 ended

Active mandates

RHINO

Director · 0778.573.765

Represented by Jeroen BEEUWSAERT

Active

Ended mandates

RHINO

Director · since 17 janvier 2022 · 0778.573.765

Represented by Jeroen BEEUWSAERT

Ended

BEDIGRO

Manager · since 11 décembre 2006 · 0471.324.780

Represented by Didier BEEUWSAERT

Ended

BEDOC

Manager · since 11 décembre 2006 · 0473.968.229

Represented by Jeroen BEEUWSAERT

Ended

BEDIGRO

Manager · 0471.324.780

Represented by Didier BEEUWSAERT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring13/11/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other10/07/2015
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other20/12/2006
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025166,7 k €↑
2024
Annual accounts 202488,3 k €↓
2023
Annual accounts 2023767,1 k €↑
2022
Annual accounts 2022634,7 k €↑
2021
Annual accounts 2021-51,3 k €↓
2020
Annual accounts 2020867,3 k €↑
2019
Annual accounts 2019141,2 k €↓
2018
Annual accounts 2018837,4 k €↑
2017
Annual accounts 2017770,8 k €↓
2016
Annual accounts 2016965,6 k €↑
2015
Annual accounts 2015718 k €↑
2014
Annual accounts 2014644,6 k €↑
2013
Annual accounts 2013294,8 k €↓
2012
Annual accounts 2012350,8 k €↑
2011
Annual accounts 2011184,4 k €↓
2010
Annual accounts 2010219,1 k €↓
2009
Annual accounts 2009309,4 k €↑
2008
Annual accounts 2008269,1 k €
12/12/2006
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

Overview

What does BSM do?

Trend over 18 financial years

Indicative valuation

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