B.G.M.

Active

Public limited companyfounded 196858 yrs activeKwatrechtstraat 42, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0401.283.555

The file of B.G.M. contains 1 judicial reorganisation and 1 administrative flag, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 0.8% (low). The 2025 annual accounts show equity of €1.8m and a net result of €39,459. Equity is growing by ~8.9% per year across the filed fiscal years.

Risk analysisWatch Report Compare

B.G.M.ActiveChecked score 68/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€3.2mtotal assets 2025

Equity: €1.8m
Profit: €39,459

Turnover not published (abridged schema)

Financial health

68 Healthy Checked score 2025

Bankruptcy chance 12 m: 0.8%

Structure

Accounts filed 28 d late0 of 10 deeds read

Why 68- Judicial reorganisation on record (1 publication, latest 17-10-2012)- Latest accounts 29 days late; 2 of the last 3 late- Ex-officio strike-off in the KBO+ Size: total assets €3.2mShow the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Better than 45% of its sector peers (no NACE code, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Average

Solvency 81-7

equity 55.6% of total assets

Liquidity 38-10

short-term debt 31.8% · cash 1.0%

Profitability 55+10

return on assets 1.2%

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 3.7% 12-2024: 4.0%▲ +7.5% vs 11-2024 01-2025: 1.6%▼ -59.0% vs 12-2024 02-2025: 2.2%▲ +35.7% vs 01-2025 03-2025: 2.5%▲ +13.0% vs 02-2025 04-2025: 3.7%▲ +46.6% vs 03-2025 05-2025: 4.1%▲ +9.6% vs 04-2025 06-2025: 5.4%▲ +33.9% vs 05-2025 07-2025: 13.2%▲ +142% vs 06-2025 08-2025: 13.2%● 0.0% vs 07-2025 09-2025: 13.4%▲ +1.7% vs 08-2025highest value 10-2025: 12.8%▼ -4.7% vs 09-2025 11-2025: 12.8%● 0.0% vs 10-2025 12-2025: 12.8%● 0.0% vs 11-2025 01-2026: 12.8%● 0.0% vs 12-2025 02-2026: 12.6%▼ -0.9% vs 01-2026 03-2026: 12.6%● 0.0% vs 02-2026 04-2026: 0.7%▼ -94.5% vs 03-2026 05-2026: 0.7%● 0.0% vs 04-2026 06-2026: 0.7%● 0.0% vs 05-2026 07-2026: 0.7%▼ -0.7% vs 06-2026lowest value 08-2026: 0.7%▲ +1.3% vs 07-2026 09-2026: 0.7%▲ +2.6% vs 08-2026 10-2026: 0.8%▲ +6.3% vs 09-2026

Size: total assets €3.2m lowers the probability for this profile
Judicial reorganisation on record (1 publication, latest 17-10-2012) raises the probability
Latest accounts 29 days late; 2 of the last 3 late raises the probability
Ex-officio strike-off in the KBO raises the probability

Credit up to €110,000 at 30 days only on tighter terms

Liquidity short (current ratio 0.08 against 0.1 in 2023; short-term debt: 31.8% and cash: 1% of total assets), and 44.4% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 50%, liquidity 25%, profitability 58%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

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

−lowers risk+raises risk○neutral

Size: total assets €3.2m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Judicial reorganisation on record (1 publication, latest 17-10-2012)

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Latest accounts 29 days late; 2 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Ex-officio strike-off in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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 filings

Deviation from the deadline

2025

28 d late

2023

55 d late

2021

142 d late

2020

230 d late

2019

124 d late

2018

127 d late

2017

100 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 115 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

Administrative warnings in the KBO publications

2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

Address struckAddress strikeout stopped

Checked, nothing found (1)

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 close05-10-2026 today31-01-2027 deadline