Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SA BSL DISTRIBUTION from Havelange, company number BE0463058402, closed financial year 2025 with a result of € 99,972 after tax. For that financial year SA BSL DISTRIBUTION recorded a gross margin of € 572,685 and equity of € 474,561. Compared with financial year 2024, the result moved from € 82,647 to € 99,972. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 474,561
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,972
▲ 21% vs 2024
Profit after tax over the fiscal year.
€ 86,537
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10,000 paid out
10 % of the profit went to the shareholders, mostly to HAVE INVEST (80 % of the shares). That is where the money ends up.
People and assets in 2025
7.6
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 254,850
▲ 10% vs 2024
€ 33,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,380
▲ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 13% vs 2024
€ 152,285 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 239,095
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 102,039
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 269,000 | € 254,595 | € 473,793 | € 572,685 | ▲ 21% |
| Profit after taxes | € 51,424 | € -8,391 | € 82,647 | € 99,972 | ▲ 21% |
| Equity | € 560,333 | € 551,942 | € 384,589 | € 474,561 | ▲ 23% |
| Total debts | € 787,190 | € 1,493,131 | € 1,744,156 | € 1,364,556 | ▼ 22% |
| Cash | € 61,667 | € 111,646 | € 135,528 | € 86,537 | ▼ 36% |
| Land & buildings | € 492,371 | € 969,202 | € 1,059,746 | € 1,039,740 | ▼ 2% |
| Retained profit | € 498,333 | € 489,942 | € 322,589 | € 412,561 | ▲ 28% |
| Dividend | € 51,424 | € 0 | € 250,000 | € 10,000 | ▼ 96% |
| Bank debt | € 333,879 | € 1,138,418 | € 1,150,077 | € 1,004,446 | ▼ 13% |
| Balance sheet total | € 1,347,523 | € 2,045,073 | € 2,128,745 | € 1,839,117 | ▼ 14% |
| Employees (FTE) | 5.3 | 6.8 | 8.1 | 7.6 | ▼ 0.5 |
Key figures of SA BSL DISTRIBUTION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SA BSL DISTRIBUTION?
What happened at SA BSL DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Margaux BAYET stepped down as director. NBB
- HAVE INVEST stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 99,972 (▲ 21% vs 2024). Source: NBB ↗
- Margaux BAYET became a director. NBB
- HAVE INVEST became a director. NBB
- New establishment in Havelange. KBO
- Start of the company according to the CBE. KBO
In short
From € 51,424 profit in 2022 to € 99,972 profit in 2025.
Paid € 42,484 in corporate taxes since 2022.
Best year ever: 2025, with € 99,972 profit.
On average € 75,400 of value added per employee in 2025.
A new publication or filing at SA BSL DISTRIBUTION? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HAVE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SA BSL DISTRIBUTIONThe shares are held by HAVE INVEST (80%).
Directors
According to the 2025 annual accounts
Margaux BAYET
Director
since 2025 · until 2031
Managing director · represented by Arnaud BAYET
since 2021 · until 2031
Shareholders
80%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ruelle Catin(H) 2
5370 Havelange
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.058.402
- VAT number
- BE 0463.058.402
- Registered office
- Ruelle Catin(H) 2, 5370 Havelange
- Names & denominations
- SA BSL DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 1998
- Peppol
- Active · Active since 14 Oct 2025
- Activities · NACE
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Superettes (verkoopsoppervlakte tussen 100 m2 en minder dan 400 m2)
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