Result
Back in profit in 2025, after a loss of €19,411 in 2024.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 73% of them on solvency, 60% on liquidity, 88% on profitability and 85% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is ample, with a current ratio of 1.94 (0.97 in 2024), above the usual 1.5. Short-term debt is 14.9% and cash 2% of total assets. 36.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Shares in 5 companies, including Grenzmarkt-Nellessen and RESCO
Board & ownership| Company | ||||
|---|---|---|---|---|
| B.G.M. Saint-Vith | €5.2m | €0.7m | 63.9% | - |
| CACAO COMPANY Koekelberg | €4.6m | €1.0m | 32.8% | 20.6 |
| M.N.S. Brussels | €6.0m | €0.7m | 37.3% | - |
| EUROCAFE B. Burg-Reuland | €8.0m | €0.5m | 25.9% | 0.6 |
| RENOINVEST Etterbeek | €4.9m | €0.8m | 20.9% | - |
| HENDRICKX Roger Halen | €2.7m | €0.7m | 67.6% | 2.9 |
| MONTIGNY EPICES Montigny-le-Tilleul | €2.7m | €0.8m | 44.4% | 4.4 |
These companies have the same main activity as B.G.M.: wholesale trade (NACE 46370). They are comparable in size and age: total assets between €2.7m and €8m, founded between 1983 and 2004.
B.G.M. has existed since 1992. The present size dates from 2025. The gross margin rose that year from €47,146 to €701,816.
Solvency rose in 2025 from 51.9% to 63.9% because of the retained profit and lower debts.
DOKARA SCHAUS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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