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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Shrinking team NBB
FTE fell two years in a row, from 18.4 to 16.4.
Financials
Financial year 2025
BSD IMMO from Charleroi, company number BE0668365830, closed financial year 2025 with a result of € 2,445 after tax. For that financial year BSD IMMO recorded revenue of € 4.9 million and equity of € 904,046. Compared with financial year 2024, the result moved from € -406,662 to € 2,445. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 904,046
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,445
▲ still € 406,662 loss in 2024
Profit after tax over the fiscal year.
€ 993,609
▲ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -453,325.
People and assets in 2025
16.4
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 5% vs 2024
€ 62,800 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.
€ 74,074
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4 million
▼ 13% vs 2024
€ 601,345 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 205,211
▲ 170% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 169,661
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 4,940,121 | |
| Gross margin | € 1,750,159 | € 1,755,615 | € 1,558,071 | - | |
| Profit after taxes | € -358,314 | € -329,903 | € -406,662 | € 2,445 | ▲ € 409,106 |
| Equity | € 438,165 | € 1,308,263 | € 901,601 | € 904,046 | |
| Total debts | € 6,937,609 | € 5,986,755 | € 6,257,679 | € 5,815,085 | ▼ 7% |
| Cash | € 997,823 | € 336,000 | € 637,273 | € 993,609 | ▲ 56% |
| Land & buildings | € 2,905,160 | € 3,608,160 | € 4,209,050 | € 3,935,204 | ▼ 7% |
| Retained profit | € 280,795 | € -49,108 | € -455,769 | € -453,325 | ▲ € 2,445 |
| Bank debt | € 4,396,348 | € 4,665,795 | € 4,608,280 | € 4,012,917 | ▼ 13% |
| Balance sheet total | € 7,375,775 | € 7,295,018 | € 7,159,280 | € 6,719,130 | ▼ 6% |
| Employees (FTE) | 17.5 | 18.4 | 17.3 | 16.4 | ▼ 0.9 |
Key figures of BSD IMMO, 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 BSD IMMO?
What happened at BSD IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,445. Source: NBB ↗
- New establishment in Charleroi. KBO
- New establishment in Charleroi. KBO
- New establishment in Charleroi. KBO
- DAVID MODAVE MANAGEMENT SRL became a director. NBB
- New establishment in Gerpinnes. KBO
- New establishment in Charleroi. KBO
- New establishment in Ham-sur-Heure-Nalinnes. KBO
In short
From € 358,314 loss in 2022 to € 2,445 profit in 2025.
Paid € 247,069 in corporate taxes since 2022.
Best year ever: 2025, with € 2,445 profit.
On average € 90,100 of value added per employee in 2024.
Management
The stake of HAUMONT-PATINI, DAVID MODAVE MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BSD IMMOBehind BSD IMMO are T'JEAN-MARCON SRL, DAVID MODAVE MANAGEMENT SRL and HAUMONT-PATINI SRL. The shares are held by HAUMONT-PATINI (12.7%) and DAVID MODAVE MANAGEMENT (12.1%).
Directors
According to the 2025 annual accounts
Director · represented by T'JEAN Bénédicte
Also active at: BW IMMO, ABS FUNERAL, VALE, BW FUNERAL, Radio Immo, Radio Neupré, SBT FUNERAL
Director · represented by MODAVE David
since 2022
Director · represented by HAUMONT Michel
Shareholders
12.7%
12.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Courcelles 77
6041 Charleroi
Avenue Paul Pastur 348
6032 Charleroi
Active since 27 December 2016
Rue d'Ham-sur-Heure(NAL) 2
6120 Ham-sur-Heure-Nalinnes
Active since 22 December 2016
Rue de la Scavée(ACO) 32
6280 Gerpinnes
Active since 1 February 2021
Avenue Eugène Mascaux 119
6001 Charleroi
Active since 1 January 2022
Rue de Nalinnes 146
6001 Charleroi
Active since 1 July 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0668.365.830
- VAT number
- BE 0668.365.830
- Registered office
- Chaussée de Courcelles 77, 6041 Charleroi
- Names & denominations
- BSD IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2016
- Peppol
- Active · Active since 20 Dec 2025
- Activities · NACE
Uitvaartverzorging