BAG
ActiveBAG has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €-182k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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
Profitability11▼-35
Solvency66▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.97 in 2024; short-term debt: 12.8% and cash: 1.3% of total assets), and 59.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
40.8%
Return on assets
-5.9%
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 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
61 d late
2023
58 d early
2022
62 d early
2021
50 d early
2020
61 d early
2019
28 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€431k
EBIT margin
11.8%
Net result
€-182k
2024 · €4k
2018: €693k
2019: €-246k
2020: €271k
2021: €13k
2022: €-24k
2023: €-103k
2024: €4k
2018 → 2025
Working capital
€-258k▼ 1,406%
2024 · €-17k
2018: €-15k
2019: €-429k
2020: €-208k
2021: €617k
2022: €1.60M
2023: €421k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€431k-
Equity€1.57M-€1.55M▼ 1.5%€1.44M▼ 6.7%€1.45M▲ 0.3%€1.27M▼ 12.5%
Operating result€51k-€37k▼ 27.0%€-49k€75k€-135k
Net result€13k-€-24k€-103k▼ 333%€4k€-182k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €135k after €75k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.10M
Fixed assets
€2.96M▼ 2.0%
Current assets
€139k▼ 76.2%
Equity and liabilities €3.10M
Equity
€1.27M▼ 12.5%
Provisions
€664k=
Debt
€1.17M▼ 21.6%
The debt ratio falls from 41.4% to 37.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-52k▼
2024 · €197k
Cash flow
€-98k▼
2024 · €126k
Solvency
40.8%▲
2024 · 40.2%
Current ratio
0.35▼
2024 · 0.97
Quick ratio
0.27▼
2024 · 0.97
Debt / equity
0.92▼
2024 · 1.03
ROE
-14.3%▼
2024 · 0.3%
ROA
-5.9%▼
2024 · 0.1%
Interest coverage
-1.58▼
2024 · 3.30
Debt
€1.17M▼
2024 · €1.49M
Debt ≤ 1 year
€397k▼
2024 · €600k
Debt > 1 year
€775k▼
2024 · €895k
Income taxes
€13k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.61M€3.10M▼
Fixed assets21/28€3.02M€2.96M▼
Tangible fixed assets22/27€1.62M€1.56M▼
Land and buildings22€1.62M€1.55M▼
Plant, machinery and equipment23€3k€2k▼
Assets under construction and advance payments27-€4k
Financial fixed assets28€1.40M€1.40M▲
Current assets29/58€583k€139k▼
Stocks and contracts in progress3-€32k
Stocks30/36-€32k
Amounts receivable within one year40/41€60k€66k▲
Trade receivables40-€6k
Other amounts receivable41€60k€60k=
Cash at bank and in hand54/58€523k€41k▼
Equity and liabilities
Total equity and liabilities10/49€3.61M€3.10M▼
Equity10/15€1.45M€1.27M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.12M€2.12M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€1.50M€1.50M=
Distributable reserves133€615k€615k=
Profit (loss) carried forward14€-738k€-919k▼
Provisions and deferred taxes16€664k€664k=
Deferred taxes168€664k€664k=
Amounts payable17/49€1.49M€1.17M▼
Amounts payable after more than one year17€895k€775k▼
Financial debts170/4€895k€775k▼
Amounts payable within one year42/48€600k€397k▼
Current portion of amounts payable after more than one year42€116k€120k▲
Trade debts44€9k-
Suppliers440/4€9k-
Taxes, remuneration and social security45€96k€2k▼
Taxes450/3€96k€2k▼
Other amounts payable47/48€379k€275k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€122k€83k▼
Other operating charges640/8€23k€402▼
Non-recurring operating charges66A-€32k
Gross operating margin9900€220k€-19k▼
Operating profit (loss)9901€75k€-135k▼
Financial income75/76B€9k€45▼
Recurring financial income75€9k€45▼
Financial charges65/66B€60k€33k▼
Recurring financial charges65€60k€33k▼
Profit (loss) for the period before taxes9903€24k€-168k▼
Transfer from deferred taxes780€24k-
Income taxes67/77€44k€13k▼
Profit (loss) for the period9904€4k€-182k▼
Transfer from tax-exempt reserves789€46k-
Profit (loss) for the period to be appropriated9905€50k€-182k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-738k€-919k▼
Profit (loss) brought forward from the previous period14P€-788k€-738k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.07
Current ratio from 0.79 to 2.07; short-term debt falls from €997k to €577k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €271k
Net result €271k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €-246k ▼135%
Net result drops to €-246k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Geel · 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.
Wijdbos 252440 GeelGround area
2,959 m²
Building footprint
441 m²
Volume, LiDAR
2,261 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Diepestraat 133, 2400 Mol
since 19922.058.126.501
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13432B1876/00E000 | Flanders | 1,735 m² | 1 · 180 m² | 9.6 m · 2 fl. |
| 13008I1228/00B000 | Flanders | 1,224 m² | 1 · 261 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,906. 3,410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-05-1992
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.