Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
BMG Media Source Belgium from Elsene, company number BE0735905247, closed financial year 2024 with a result of € -7,296 after tax. For that financial year BMG Media Source Belgium recorded a gross margin of € 131,565 and equity of € -708,329. Compared with financial year 2023, the result moved from € -41,016 to € -7,296. 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 September 12, 2025.
€ -708,329
▼ € 7,296 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,296
▲ 82 % less loss than in 2023
Profit after tax over the fiscal year.
€ 33,425
▼ 84% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -733,329.
People and assets in 2024
6.6
Average over the fiscal year, from the social balance sheet.
€ 120,408
▲ 19% vs 2023
€ 18,200 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.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 4,623
▼ 58% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 871,721 | € 408,550 | € 146,638 | € 131,565 | ▼ 10% |
| Profit after taxes | € 84,809 | € 34,775 | € -41,016 | € -7,296 | ▲ € 33,720 |
| Equity | € -694,792 | € -660,017 | € -701,033 | € -708,329 | ▼ € 7,296 |
| Total debts | € 1,029,563 | € 964,949 | € 920,029 | € 751,733 | ▼ 18% |
| Cash | € 80,223 | € 55,993 | € 215,236 | € 33,425 | ▼ 84% |
| Retained profit | € -719,792 | € -685,017 | € -726,033 | € -733,329 | ▼ € 7,296 |
| Balance sheet total | € 334,772 | € 304,933 | € 218,996 | € 43,404 | ▼ 80% |
| Employees (FTE) | 6 | 3.8 | 6.6 | 6.6 |
Key figures of BMG Media Source Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BMG Media Source Belgium?
What happened at BMG Media Source Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 7,296. filed late Source: NBB ↗
- New establishment in Nivelles. KBO
- Ronald Simkins became a director. NBB
- Jason Metnick became a director. NBB
- Gina Mascio became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 84,809 profit in 2021 to € 7,296 loss in 2024.
Paid € 24,154 in corporate taxes since 2021.
Best year ever: 2021, with € 84,809 profit.
On average € 19,900 of value added per employee in 2024.
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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
Behind BMG Media Source Belgium are Ronald Simkins, Jason Metnick and Gina Mascio. The shares are held by BMG Media Source S.L. (100%).
Directors
According to the 2024 annual accounts
Ronald Simkins
Director
since 2019
Jason Metnick
Director
since 2019
Gina Mascio
Director
since 2019
Shareholders
BMG Media Source S.L.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Arnaud Fraiteurlaan 15 box 23
1050 Elsene
Avenue Jean Monnet 1
1400 Nivelles
Active since 9 October 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →COTY BELGIUM
€ 28.9 million revenue · 2025
TEAM POWER
€ 139,794 gross margin · 2024
DE CROMBRUGGHE & PARTNERS
€ 176,212 gross margin · 2025
FONDS SOCIAL DES SOCIETES SOPRA STERIA BENELUX SA/NV ETSPRA STERIAPSF LUXEMBOURG SA
Tamahris
€ 2.5 million gross margin · 2025
+43 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
- 0735.905.247
- VAT number
- BE 0735.905.247
- Registered office
- Arnaud Fraiteurlaan 15 bus 23, 1050 Elsene
- Names & denominations
- BMG Media Source Belgium · BMG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 2019
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
Groothandel in foto- en filmapparatuur en in andere optische artikelen
Overige fotografische activiteiten
Vervaardiging van optische instrumenten, magnetische en optische dragers en fotografische apparatuur