BAGERAN
ActiveSummary
BAGERAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.91M and a net result of €11k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 95% of 88 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
short-term debt: 0.2% and cash: 6% of total assets, and 0.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.8%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
38 d early
2023
42 d late
2022
39 d late
2021
52 d late
2020
2 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11k▼ 65.7%
2024 · €33k
2018: €93k
2019: €15k▼ -83.7% vs 2018
2020: €484k▲ +3084% vs 2019highest in 8 years
2021: €29k▼ -94.0% vs 2020
2022: €9k▼ -70.0% vs 2021lowest in 8 years
2023: €72k▲ +729% vs 2022
2024: €33k▼ -54.9% vs 2023
2025: €11k▼ -65.7% vs 2024
2018 → 2025
Working capital
€898k▲ 3.3%
2024 · €869k
2018: €143k
2019: €120k▼ -15.6% vs 2018lowest in 8 years
2020: €412k▲ +242% vs 2019
2021: €423k▲ +2.6% vs 2020
2022: €439k▲ +3.8% vs 2021
2023: €895k▲ +104% vs 2022
2024: €869k▼ -3.0% vs 2023
2025: €898k▲ +3.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.79M-€2.80M▲ 0.3%€2.87M▲ 2.5%€2.90M▲ 1.1%€2.91M▲ 0.4%
2021: €2.79Mlowest in 5 years
2022: €2.80M▲ +0.3% vs 2021
2023: €2.87M▲ +2.5% vs 2022
2024: €2.90M▲ +1.1% vs 2023
2025: €2.91M▲ +0.4% vs 2024highest in 5 years
Operating result€40k-€18k▼ 54.5%€97k▲ 437%€24k▼ 74.9%€2k▼ 91.2%
2021: €40k
2022: €18k▼ -54.5% vs 2021
2023: €97k▲ +437% vs 2022highest in 5 years
2024: €24k▼ -74.9% vs 2023
2025: €2k▼ -91.2% vs 2024lowest in 5 years
Net result€29k-€9k▼ 70.0%€72k▲ 729%€33k▼ 54.9%€11k▼ 65.7%
2021: €29k
2022: €9k▼ -70.0% vs 2021lowest in 5 years
2023: €72k▲ +729% vs 2022highest in 5 years
2024: €33k▼ -54.9% vs 2023
2025: €11k▼ -65.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.92M
Fixed assets
€2.01M ▼ 0.9%
Current assets
€902k ▲ 3.6%
Equity and liabilities €2.92M
Equity
€2.91M ▲ 0.4%
Debt
€5k ▲ 160%
Debt's share of the balance-sheet total rises from 0.1% to 0.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▼
2024 · €75k
Cash flow
€55k▼
2024 · €83k
Debt to equity
0.00▲
2024 · 0.00
ROE
0.4%▼
2024 · 1.1%
ROA
0.4%▼
2024 · 1.1%
Interest coverage
779.19▲
2024 · 276.88
Debt ≤ 1 year
€5k▲
2024 · €2k
Income taxes
€4k▼
2024 · €101k
A ratio outside any meaningful range has been withheld (balance sheet total €2.92M, equity €2.91M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.90M€2.92M▲
Fixed assets21/28€2.03M€2.01M▼
Tangible fixed assets22/27€2.03M€2.01M▼
Land and buildings22€2.00M€2.01M▲
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€18k-
Current assets29/58€871k€902k▲
Amounts receivable within one year40/41€126k€118k▼
Trade receivables40-€12k
Other amounts receivable41€126k€106k▼
Current investments50/53€600k€609k▲
Cash at bank and in hand54/58€143k€174k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.90M€2.92M▲
Equity10/15€2.90M€2.91M▲
Contributions10/11€1.31M€1.31M=
Capital10€1.31M€1.31M=
Issued capital100€1.31M€1.31M=
Reserves13€810k€810k=
Non-distributable reserves130/1€131k€131k=
Legal reserve130€131k€131k=
Tax-exempt reserves132€0-
Distributable reserves133€679k€679k=
Profit (loss) carried forward14€781k€793k▲
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€2k€5k▲
Amounts payable within one year42/48€2k€5k▲
Trade debts44€330€4k▲
Suppliers440/4€330€4k▲
Taxes, remuneration and social security45€1k€618▼
Taxes450/3€1k€618▼
Other amounts payable47/48€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€44k▼
Other operating charges640/8€12k€15k▲
Gross operating margin9900€87k€61k▼
Operating profit (loss)9901€24k€2k▼
Financial income75/76B€14k€13k▼
Recurring financial income75€14k€13k▼
Financial charges65/66B€270€60▼
Recurring financial charges65€270€60▼
Profit (loss) for the period before taxes9903€38k€15k▼
Transfer from deferred taxes780€95k-
Income taxes67/77€101k€4k▼
Profit (loss) for the period9904€33k€11k▼
Transfer from tax-exempt reserves789€265k-
Profit (loss) for the period to be appropriated9905€297k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€781k€793k▲
Profit (loss) brought forward from the previous period14P€484k€781k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €69k | €51k | €51k | €44k | ▼ 12.4% |
| Other operating charges640/8 | €14k | €13k | €10k | €12k | €15k | ▲ 18.5% |
| Gross operating margin9900 | €121k | €99k | €158k | €87k | €61k | ▼ 30.0% |
| Operating profit (loss)9901 | €40k | €18k | €97k | €24k | €2k | ▼ 91.2% |
| Financial income75/76B | - | €1 | €2 | €14k | €13k | ▼ 8.6% |
| Recurring financial income75 | - | €1 | €2 | €14k | €13k | ▼ 8.6% |
| Financial charges65/66B | €97 | €28 | €15 | €270 | €60 | ▼ 78.0% |
| Recurring financial charges65 | €97 | €28 | €15 | €270 | €60 | ▼ 78.0% |
| Profit (loss) for the period before taxes9903 | €40k | €18k | €97k | €38k | €15k | ▼ 60.6% |
| Transfer from deferred taxes780 | €11k | €31k | €16k | €95k | - | - |
| Income taxes67/77 | €21k | €40k | €41k | €101k | €4k | ▼ 96.2% |
| Profit (loss) for the period9904 | €29k | €9k | €72k | €33k | €11k | ▼ 65.7% |
| Transfer from tax-exempt reserves789 | €33k | €113k | €48k | €265k | - | - |
| Profit (loss) for the period to be appropriated9905 | €62k | €121k | €121k | €297k | €11k | ▼ 96.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.94M | €2.91M | €2.97M | €2.90M | €2.92M | ▲ 0.5% |
| Fixed assets21/28 | €2.51M | €2.47M | €2.07M | €2.03M | €2.01M | ▼ 0.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2.51M | €2.47M | €2.07M | €2.03M | €2.01M | ▼ 0.9% |
| Land and buildings22 | €2.37M | €2.36M | €2.02M | €2.00M | €2.01M | ▲ 0.1% |
| Plant, machinery and equipment23 | €48k | €48k | €9k | €8k | €6k | ▼ 22.3% |
| Furniture and vehicles24 | €91k | €67k | €42k | €18k | - | - |
| Current assets29/58 | €428k | €444k | €901k | €871k | €902k | ▲ 3.6% |
| Amounts receivable within one year40/41 | €40k | €20k | €95k | €126k | €118k | ▼ 6.4% |
| Trade receivables40 | €29k | €0 | €8k | - | €12k | - |
| Other amounts receivable41 | €11k | €20k | €87k | €126k | €106k | ▼ 15.9% |
| Current investments50/53 | - | - | €500k | €600k | €609k | ▲ 1.5% |
| Cash at bank and in hand54/58 | €386k | €413k | €301k | €143k | €174k | ▲ 21.8% |
| Deferred charges and accrued income490/1 | €2k | €11k | €5k | €2k | €1k | ▼ 17.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.94M | €2.91M | €2.97M | €2.90M | €2.92M | ▲ 0.5% |
| Equity10/15 | €2.79M | €2.80M | €2.87M | €2.90M | €2.91M | ▲ 0.4% |
| Contributions10/11 | €1.31M | €1.31M | €1.31M | €1.31M | €1.31M | = |
| Capital10 | €1.31M | €1.31M | €1.31M | €1.31M | €1.31M | = |
| Issued capital100 | €1.31M | €1.31M | €1.31M | €1.31M | €1.31M | = |
| Reserves13 | €1.24M | €1.12M | €1.07M | €810k | €810k | = |
| Non-distributable reserves130/1 | €131k | €131k | €131k | €131k | €131k | = |
| Legal reserve130 | €131k | €131k | €131k | €131k | €131k | = |
| Tax-exempt reserves132 | €426k | €313k | €265k | €0 | - | - |
| Distributable reserves133 | €679k | €679k | €679k | €679k | €679k | = |
| Profit (loss) carried forward14 | €245k | €366k | €484k | €781k | €793k | ▲ 1.4% |
| Provisions and deferred taxes16 | €142k | €111k | €95k | €0 | - | - |
| Deferred taxes168 | €142k | €111k | €95k | €0 | - | - |
| Amounts payable17/49 | €5k | €5k | €6k | €2k | €5k | ▲ 160% |
| Amounts payable within one year42/48 | €5k | €5k | €6k | €2k | €5k | ▲ 160% |
| Trade debts44 | €5k | €4k | €5k | €330 | €4k | ▲ 1,152% |
| Suppliers440/4 | €5k | €4k | €5k | €330 | €4k | ▲ 1,152% |
| Taxes, remuneration and social security45 | - | €1k | - | €1k | €618 | ▼ 58.7% |
| Taxes450/3 | - | €1k | - | €1k | €618 | ▼ 58.7% |
| Other amounts payable47/48 | - | - | €700 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €9k | €72k | €33k | €11k | ▼ 65.7% |
| + Depreciation and write-downs630 | €67k | €69k | €51k | €51k | €44k | ▼ 12.4% |
| Operating cash flow (approximation) | €96k | €77k | €123k | €83k | €55k | ▼ 33.3% |
| Investment in fixed assets (approximation) | - | €-31k | €352k | €-15k | €-27k | ▼ 79.9% |
| Change in cash | - | €27k | €-112k | €-159k | €31k | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 6 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 476.73
Current ratio from 156.11 to 476.73; short-term debt falls from €6k to €2k.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 42 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
2022
31-12
Financial
Weakest financial yearnet €9k ▼70%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 52 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €484k ▲3,084%
Operating result €636k, net result €484k, both a record.
31-12
Financial
Liquidity times 15current ratio 58.80
Current ratio from 3.84 to 58.80; short-term debt falls from €42k to €7k.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 1992
Ground area
234 m²
Building footprint
234 m²
Volume, LiDAR
1,171 m³
Parcel 11024G0228/00E000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Keizershoek 257, 2550 Kontich
since 19922.057.141.554
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024G0228/00E000 | Flanders | 234 m² | 1 · 234 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKontich
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Of 294 companies in sector 02400 we hold annual accounts for 77. 36 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
02400Forestry and logging
Scores and ratios are computed by Checked and are not a credit decision.