BPG Holdings III

Active

Private limited companyfounded 20224 yrs activeTen Briele 6, 8200 Brugge, BelgiumKBO/BCE: BE 0788.908.918

Summary

The computed 12-month bankruptcy probability of BPG Holdings III is 2.1% (moderate). The 2025 annual accounts show equity of €249.31M and a net result of €-10k. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability37=

Solvency100=

Growth58=

Track record94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity short (current ratio 0.0 against 0.0 in 2024; short-term debt: 3.5% and cash: 0% of total assets), and 3.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

96.5%

Return on assets

Age of the figures

15 mo

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-04-2026, 80 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 · 3 filings

Deviation from the deadline

2025

80 d late

2024

on the day

2023

83 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close24-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€249.31M=

2024 · €249.32M

2023: €249.33M 2024: €249.32M

2023 → 2025

Total assets

€258.22M=

2024 · €258.22M

2023: €258.23M 2024: €258.22M

2023 → 2025

Net result

€-10k▲ 4.8%

2024 · €-10k

2023: €-1.05M 2024: €-10k

2023 → 2025

Working capital

€-8.91M▼ 0.1%

2024 · €-8.90M

2023: €84.59M 2024: €-8.90M

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€249.33M-€249.32M=€249.31M=

Operating result€-8.88M-€-9k▲ 99.9%€-9k▲ 1.9%

Net result€-1.05M-€-10k▲ 99.0%€-10k▲ 4.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €9k in 2025 against €9k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €258.22M

100.0%

Fixed assets €258.22M =

Current assets €6k ▼ 12.8%

Equity and liabilities €258.22M

96.5%

Equity €249.31M =

Debt €8.91M ▲ 0.1%

Debt's share of the balance-sheet total stays at 3.5%.

Key figures and ratios

2025 value · change against 2024

Current ratio

0.00▼

2024 · 0.00

Debt to equity

0.04▲

2024 · 0.04

ROE

0.0%▲

2024 · 0.0%

ROA

0.0%▲

2024 · 0.0%

Debt ≤ 1 year

€8.91M▲

2024 · €8.90M

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 · 27 lines

Balance sheet Code20242025

Assets

Total assets20/58€258.22M€258.22M=

Fixed assets21/28€258.22M€258.22M=

Financial fixed assets28€258.22M€258.22M=

Current assets29/58€7k€6k▼

Cash at bank and in hand54/58€7k€6k▼

Equity and liabilities

Total equity and liabilities10/49€258.22M€258.22M=

Equity10/15€249.32M€249.31M=

Contributions10/11€250.38M€250.38M=

Profit (loss) carried forward14€-1.06M€-1.07M▼

Amounts payable17/49€8.90M€8.91M▲

Amounts payable within one year42/48€8.90M€8.91M▲

Trade debts44€8.84M€8.84M=

Suppliers440/4€8.84M€8.84M=

Other amounts payable47/48€62k€71k▲

Income statement Code20242025

Gross operating margin9900€-9k€-9k▲

Operating profit (loss)9901€-9k€-9k▲

Financial income75/76B€61-

Recurring financial income75€61-

Financial charges65/66B€1k€760▼

Recurring financial charges65€1k€760▼

Non-recurring financial charges66B€1k-

Profit (loss) for the period before taxes9903€-10k€-10k▲

Income taxes67/77€-3-

Profit (loss) for the period9904€-10k€-10k▲

Profit (loss) for the period to be appropriated9905€-10k€-10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.06M€-1.07M▼

Profit (loss) brought forward from the previous period14P€-1.05M€-1.06M▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Filings 3

Next filing, fiscal year 2026, expected by 31-01-2027

2026

21-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 80 days late

2025

31-01

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

23-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 83 days late

NBB filing

Directors · office · real estate

Directors

8 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, Brugge

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ten Briele 68200 Brugge

Ground area

1.4 ha

Building footprint

7,512 m²

Volume, LiDAR

54,471 m³

Parcel 31512B0236/00T002, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31512B0236/00T002	Flanders	1.4 ha	1 · 7,512 m²	10.2 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-07-2022

Fiscal year end30-06

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.