B.G.M.
ActiveSummary
B.G.M. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of €665,239. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+61
Solvency89▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 1.94 against 0.97 in 2024; short-term debt: 14.9% and cash: 2% of total assets), and 36.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
63.9%
Return on assets
12.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€665,239
2024 · -€19,411
Working capital
€734,283
2024 · -€29,384
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,079▼ 55.4%€62,128▲ 67.6%€8,701▼ 86.0%-€11,337€641,927
Net result€540,191within the sector's middle half▲ 251%€556,136within the sector's middle half▲ 3.0%€266,257within the sector's middle half▼ 52.1%-€19,411below the sector's middle half€665,239above the sector's middle half
Equity€2.8mwithin the sector's middle half▲ 2.2%€2.9mwithin the sector's middle half▲ 2.7%€2.7mwithin the sector's middle half▼ 7.3%€2.7mwithin the sector's middle half▼ 0.7%€3.4mwithin the sector's middle half▲ 24.7%
Total assets€5.0mwithin the sector's middle half▲ 2.6%€5.1mwithin the sector's middle half▲ 1.3%€4.8mwithin the sector's middle half▼ 4.3%€5.2mwithin the sector's middle half▲ 7.2%€5.2mwithin the sector's middle half▲ 1.3%
Debt€2.1m▲ 3.2%€2.1m▼ 0.2%€2.1m▼ 0.1%€2.5m▲ 17.2%€1.9m▼ 24.0%
Working capital-€778,783below the sector's middle half▲ 28.2%-€969,276below the sector's middle half▼ 24.5%-€671,402below the sector's middle half▲ 30.7%-€29,384below the sector's middle half▲ 95.6%€734,283within the sector's middle half
Solvency57.1%within the sector's middle half▼ 0.2pp57.8%within the sector's middle half▲ 0.8pp56.0%within the sector's middle half▼ 1.8pp51.9%within the sector's middle half▼ 4.1pp63.9%within the sector's middle half▲ 12.0pp
Current ratio0.48below the sector's middle half▲ 0.140.46below the sector's middle half▼ 0.010.51below the sector's middle half▲ 0.050.97below the sector's middle half▲ 0.461.94within the sector's middle half▲ 0.97
Return on assets (ROA)10.8%within the sector's middle half▲ 7.7pp11.0%above the sector's middle half▲ 0.2pp5.5%within the sector's middle half▼ 5.5pp-0.4%below the sector's middle half▼ 5.9pp12.7%above the sector's middle half▲ 13.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €641,927 after a loss of €11,337 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€3.7m ▼ 8.4%
Current assets
€1.5m ▲ 36.8%
Equity and liabilities €5.2m
Equity
€3.4m ▲ 24.7%
Debt
€1.9m ▼ 24.0%
Debt's share of the balance-sheet total falls from 48.1% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€695,170▲
2024 · €45,957
Cash flow
€718,482▲
2024 · €37,883
Quick ratio
1.74▲
2024 · 0.79
Debt to equity
0.56▼
2024 · 0.93
ROE
19.8%▲
2024 · -0.7%
Interest coverage
12.30▲
2024 · 0.67
Debt ≤ 1 year
€781,064▼
2024 · €1.1m
Debt > 1 year
€1.1m▼
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €512,386 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,098 | €59,643 | €59,653 | €57,294 | €53,243 | ▼ 7.1% |
| Other operating charges640/8 | €3,145 | €2,025 | €1,364 | €1,189 | €1,198 | ▲ 0.7% |
| Non-recurring operating charges66A | - | - | - | - | €5,448 | - |
| Gross operating margin9900 | €99,322 | €123,797 | €69,717 | €47,146 | €701,816 | ▲ 1,389% |
| Operating profit (loss)9901 | €37,079 | €62,128 | €8,701 | -€11,337 | €641,927 | ▲ 5,762% |
| Financial income75/76B | €582,279 | €545,000 | €537,500 | €60,924 | €79,809 | ▲ 31.0% |
| Recurring financial income75 | €582,279 | €545,000 | €537,500 | €60,000 | €79,809 | ▲ 33.0% |
| Non-recurring financial income76B | - | - | - | €924 | - | - |
| Financial charges65/66B | €79,167 | €50,992 | €279,944 | €68,999 | €56,497 | ▼ 18.1% |
| Recurring financial charges65 | €25,241 | €18,445 | €249,944 | €68,999 | €56,497 | ▼ 18.1% |
| Non-recurring financial charges66B | €53,925 | €32,547 | €30,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €540,191 | €556,136 | €266,257 | -€19,411 | €665,239 | ▲ 3,527% |
| Profit (loss) for the period9904 | €540,191 | €556,136 | €266,257 | -€19,411 | €665,239 | ▲ 3,527% |
| Profit (loss) for the period to be appropriated9905 | €540,191 | €556,136 | €266,257 | -€19,411 | €665,239 | ▲ 3,527% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.0m | €5.1m | €4.8m | €5.2m | €5.2m | ▲ 1.3% |
| Fixed assets21/28 | €4.3m | €4.2m | €4.1m | €4.1m | €3.7m | ▼ 8.4% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.0m | €985,830 | ▼ 5.1% |
| Land and buildings22 | €1.1m | €1.1m | €1.0m | €994,330 | €951,171 | ▼ 4.3% |
| Plant, machinery and equipment23 | €66,768 | €53,172 | €44,469 | €31,890 | €21,807 | ▼ 31.6% |
| Other tangible fixed assets26 | €12,852 | €12,852 | €12,852 | €12,852 | €12,852 | = |
| Financial fixed assets28 | €3.1m | €3.1m | €3.0m | €3.0m | €2.7m | ▼ 9.5% |
| Current assets29/58 | €714,422 | €839,310 | €707,766 | €1.1m | €1.5m | ▲ 36.8% |
| Amounts receivable after more than one year29 | €185,000 | €172,000 | - | €660,000 | €842,000 | ▲ 27.6% |
| Trade receivables290 | €185,000 | €172,000 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €660,000 | €842,000 | ▲ 27.6% |
| Stocks and contracts in progress3 | €266,312 | €452,349 | €184,881 | €205,186 | €156,920 | ▼ 23.5% |
| Stocks30/36 | €266,312 | €452,349 | €184,881 | €205,186 | €156,920 | ▼ 23.5% |
| Amounts receivable within one year40/41 | €181,231 | €156,205 | €463,679 | €136,123 | €391,280 | ▲ 187% |
| Trade receivables40 | €159,944 | €150,757 | €458,231 | €130,675 | €391,280 | ▲ 199% |
| Other amounts receivable41 | €21,287 | €5,448 | €5,448 | €5,448 | - | - |
| Current investments50/53 | €19,670 | €19,670 | €19,670 | €19,670 | €19,670 | = |
| Cash at bank and in hand54/58 | €60,483 | €37,971 | €37,838 | €85,081 | €103,630 | ▲ 21.8% |
| Deferred charges and accrued income490/1 | €1,726 | €1,114 | €1,698 | €1,787 | €1,848 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.0m | €5.1m | €4.8m | €5.2m | €5.2m | ▲ 1.3% |
| Equity10/15 | €2.8m | €2.9m | €2.7m | €2.7m | €3.4m | ▲ 24.7% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Non-distributable reserves130/1 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Legal reserve130 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Profit (loss) carried forward14 | €1.4m | €1.5m | €1.3m | €1.3m | €1.9m | ▲ 52.8% |
| Provisions and deferred taxes16 | €6,272 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €6,272 | - | - | - | - | - |
| Other liabilities and charges164/5 | €6,272 | - | - | - | - | - |
| Amounts payable17/49 | €2.1m | €2.1m | €2.1m | €2.5m | €1.9m | ▼ 24.0% |
| Amounts payable after more than one year17 | €641,833 | €321,833 | €748,700 | €1.3m | €1.1m | ▼ 17.5% |
| Financial debts170/4 | €638,333 | €318,333 | - | - | - | - |
| Other amounts payable178/9 | €3,500 | €3,500 | €748,700 | €1.3m | €1.1m | ▼ 17.5% |
| Amounts payable within one year42/48 | €1.5m | €1.8m | €1.4m | €1.1m | €781,064 | ▼ 31.3% |
| Current portion of amounts payable after more than one year42 | €50,000 | €50,000 | €33,333 | - | - | - |
| Financial debts43 | €1.3m | €1.5m | €970,000 | €970,000 | €720,000 | ▼ 25.8% |
| Credit institutions430/8 | €1.3m | €1.5m | - | - | - | - |
| Other loans439 | - | - | €970,000 | €970,000 | €720,000 | ▼ 25.8% |
| Trade debts44 | €147,205 | €207,913 | €374,258 | €158,862 | €49,877 | ▼ 68.6% |
| Suppliers440/4 | €147,205 | €207,913 | €374,258 | €158,862 | €49,877 | ▼ 68.6% |
| Taxes, remuneration and social security45 | - | €4,673 | €1,577 | €8,370 | €11,187 | ▲ 33.7% |
| Taxes450/3 | - | €4,673 | €1,577 | €8,370 | €11,187 | ▲ 33.7% |
| Accrued charges and deferred income492/3 | - | - | - | €26,351 | €16,922 | ▼ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €540,191 | €556,136 | €266,257 | -€19,411 | €665,239 | ▲ 3,527% |
| + Depreciation and write-downs630 | €59,098 | €59,643 | €59,653 | €57,294 | €53,243 | ▼ 7.1% |
| Operating cash flow (approximation) | €599,290 | €615,779 | €325,910 | €37,883 | €718,482 | ▲ 1,797% |
| Investment in fixed assets (approximation) | - | €0 | €25,097 | -€3,216 | €287,614 | ▲ 9,043% |
| Change in cash | - | -€22,511 | -€134 | €47,243 | €18,549 | ▼ 60.7% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €665,239
Net result €665,239 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€19,411
Net result drops to -€19,411, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2019
31-12
Financial
Highest result since 2018net €710,350 ▲202%
Net result €710,350, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sankt Vith · 1 establishment unit since 1992
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.
Klosterstrasse 364780 Sankt Vith1 establishment unit
B.G.M.
since 19922.057.439.581
Structure & network
Part of the group
DOKARA SCHAUS
15 companies
Group, risk and exposure
Owners and holdings
2 owners · 5 holdings · 6 subsidiaries in the treeChain of control
- DOKARA SCHAUS
- B.G.M.
Highest known parent: DOKARA SCHAUS. The sources do not say who stands above it.
Owners 2
- DOKARA SCHAUSparent99.7%
-
18%
Holdings 5
-
100%
-
100%
-
97%
-
97%
-
51%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Grenzmarkt-Nellessen 100%
- RESCO 100%
- EUSCO 97%
- MINIPRI BAU 97%
Ardenner Grenzmarkt 51%1 subsidiary
- WARENHAUS S B 94.4%
According to the 2025 annual accounts of B.G.M. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded13-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46370Wholesale trade
46389Wholesale of other food products
35150Electricity, gas, steam and air conditioning supply
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446918986
Also
9925:BE0446918986
Registered
04-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.