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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 32.3 to 14.4.
Financials
Financial year 2025
B.S.I. from Seneffe, company number BE0893134725, closed financial year 2025 with a result of € -300,916 after tax. For that financial year B.S.I. recorded revenue of € 9.6 million and equity of € 11.3 million. Compared with financial year 2024, the result moved from € -316,470 to € -300,916. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 11.3 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -300,916
▲ 5 % less loss than in 2024
Profit after tax over the fiscal year.
€ 184,063
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.4 million.
People and assets in 2025
14.4
▼ 16 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 821,502
▼ 52% vs 2024
€ 57,000 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.
€ 39,229
▼ 98% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 305,124
▼ 86% vs 2024
€ 36,455 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 443,202
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 176,848
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 30,373,779 | € 26,407,362 | € 16,435,226 | € 9,555,475 | ▼ 42% |
| Profit after taxes | € 10,062,171 | € 1,202,854 | € -316,470 | € -300,916 | ▲ € 15,554 |
| Equity | € 11,489,104 | € 12,691,958 | € 11,602,492 | € 11,301,576 | ▼ 3% |
| Total debts | € 22,348,073 | € 23,869,345 | € 15,820,482 | € 13,050,198 | ▼ 18% |
| Cash | € 267,392 | € 428,574 | € 277,696 | € 184,063 | ▼ 34% |
| Land & buildings | € 5,267,825 | € 4,461,527 | € 4,776,636 | € 4,869,953 | ▲ 2% |
| Retained profit | € 989,104 | € 2,191,958 | € 1,735,690 | € 1,434,774 | ▼ 17% |
| Dividend | € 9,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,129,095 | € 2,791,770 | € 2,219,276 | € 305,124 | ▼ 86% |
| Balance sheet total | € 33,837,177 | € 36,561,304 | € 27,422,974 | € 24,351,774 | ▼ 11% |
| Employees (FTE) | 31.8 | 32.3 | 30.4 | 14.4 | ▼ 16 |
Key figures of B.S.I., 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 B.S.I.?
What happened at B.S.I. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BREMHOVE nv stepped down as director. NBB
- Enzo IDE stepped down as director. NBB
- Jacky BONAMI stepped down as director. NBB
- Christiaan DEPOORTER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 300,916. Source: NBB ↗
- BREMHOVE nv became a director. NBB
- Christiaan DEPOORTER became a director. NBB
- Enzo IDE became a director. NBB
In short
From € 10.1 million profit in 2022 to € 300,916 loss in 2025.
Paid € 869,375 in corporate taxes since 2022.
Best year ever: 2022, with € 10.1 million profit.
Paid out € 9 million in dividends to the owners in total.
Management
The stake of B.S.I. BELGIUM, BREMHOVE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
B.S.I.The shares are held by B.S.I. BELGIUM (45.8%) and BREMHOVE (42.2%). It owns 100% of BSI PIPE SYSTEMS itself.
Directors
According to the 2025 annual accounts
Director · represented by Joris IDE
Owns 45.8% via B.S.I. BELGIUM
Also active at: FONDATEL LECOMTE, Outilac, Aug. Lebeau-Courally, The Horizon Company, Verkoop en Fabricatie van Metaalprodukten, Charles De Munter, IMMO WILI, DEMBO +37 more
since 2023 · until 2028
Enzo IDE
Director
Also active at: Outilac, Aug. Lebeau-Courally, The Horizon Company, Charles De Munter, IMMO WILI, DEMBO, INVEST ZEDELGEM, VALAINE +16 more
since 2022 · until 2028
Jacky BONAMI
Director
Also active at: FONDATEL LECOMTE, Outilac, Aug. Lebeau-Courally, The Horizon Company, Verkoop en Fabricatie van Metaalprodukten, Charles De Munter, IMMO WILI, DEMBO +32 more
since 2022 · until 2028
since 2023 · until 2028
Shareholders
B.S.I. BELGIUM · holding of BREMHOVE nv
45.8%
42.2%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue George Stephenson 25
7180 Seneffe
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
- 0893.134.725
- VAT number
- BE 0893.134.725
- Registered office
- Rue George Stephenson 25, 7180 Seneffe
- Names & denominations
- B.S.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 October 2007
- Peppol
- Active · Active since 29 Apr 2026
- Activities · NACE
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