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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BC 51 from Ledegem, company number BE0695959954, closed financial year 2025 with a result of € -75,809 after tax. For that financial year BC 51 recorded a gross margin of € 11,799 and equity of € -806,411. Compared with financial year 2024, the result moved from € -80,671 to € -75,809. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 12, 2026.
€ -806,411
▼ € 75,809 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -75,809
▲ 6 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -825,011.
People and assets in 2025
€ 1,384
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 367,085
▼ 10% vs 2024
€ 37,241 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 1,348
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,366
▲ € 2,349 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -38,863 | € -7,193 | € 5,392 | € 11,799 | ▲ 119% |
| Profit after taxes | € -113,608 | € -98,536 | € -80,671 | € -75,809 | ▲ € 4,862 |
| Equity | € -551,394 | € -649,930 | € -730,601 | € -806,411 | ▼ € 75,809 |
| Total debts | € 1,647,017 | € 1,728,211 | € 1,746,277 | € 1,733,817 | ▼ 1% |
| Cash | € 1,351 | € 167 | € 2,336 | - | |
| Land & buildings | € 1,088,508 | € 1,063,109 | € 992,552 | € 920,038 | ▼ 7% |
| Retained profit | € -569,994 | € -668,530 | € -749,201 | € -825,011 | ▼ € 75,809 |
| Bank debt | € 474,652 | € 445,893 | € 406,811 | € 367,085 | ▼ 10% |
| Balance sheet total | € 1,095,622 | € 1,078,281 | € 1,015,676 | € 927,407 | ▼ 9% |
Key figures of BC 51, 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 BC 51?
What happened at BC 51 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 75,809. filed late Source: NBB ↗
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 113,608 loss in 2022 to € 75,809 loss in 2025.
Management
Behind BC 51 are Marjan Vandamme and Michel Gryspeerdt.
Directors
According to the 2025 annual accounts
Marjan Vandamme
Director
Michel Gryspeerdt
Director
Establishments
Establishment units
Physical locations of this company
Provinciebaan 51
8880 Ledegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →ATHINA IMPORT EXPORT
€ 51,294 gross margin · 2025
GADEX
€ -3,343 gross margin · 2023
MDB PROJECTS
€ 2 million gross margin · 2023
Demeulenaere Stefaan
BUREAU D
€ 24,440 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0695.959.954
- VAT number
- BE 0695.959.954
- Registered office
- Provinciebaan 51, 8880 Ledegem
- Names & denominations
- BC 51
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2018
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed