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BAG DISTRIBUTION SERVICE

Active
Public limited companyfounded 1986active for 39 yearsBoulevard de la Technicité(H-G) 3, 7110 La Louvière, BelgiumKBO/BCE: BE 0430.161.049
Summary

BAG DISTRIBUTION SERVICE has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317,019 and a net result of €32,046. Equity has been growing by about 9.7% per year since 2018. Its solvency ranks better than 67% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 16-12-1986 Normal situation
Activity
Agents specialised in the wholesale of other particular products NACE 46180
Establishment unit
2.033.798.703 7100 La Louvière, since 08-09-1999
Financial year end
31 December
Peppol
Reachable since 23-12-2025

Board and ownership

Board
  • DIENERDirector · permanent representative DIENER Michel
Shareholders
  • SAS DIENERannual accounts 2025

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€49,088
Turnover
≈ €210,000
estimated
Profit
€32,046
▲ 10.2%
Equity
€317,019
▲ 11.2%
Total assets
€525,931
▼ 21.8%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 4.62, cash €89,863Founded in 1986Figures for financial year 2025 (filed on 16-06-2026)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 61% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 85+18
equity 60.3% of total assets
Liquidity 64+20
short-term debt 21.7% · cash 17.1%
Profitability 53+5
return on assets 6.1%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.2%▲ +0.1 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026highest value 07-2026: 0.1%▼ -0.4 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.62 (3.05 in 2024), above the usual 1.5. Short-term debt is 21.7% and cash 17.1% of total assets. 39.7% of the assets are financed with debt and provisions.
Calculation

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, micro). It does better than 67% of them on solvency, 70% on liquidity, 40% on profitability and 66% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 4.62, cash €89,863
NBB · annual accounts
lowers risk · Founded in 1986
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 16-06-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 days early
2024
72 days early
2023
7 days early
2022
31 days late
2021
18 days late
2020
6 days late
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days before 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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 8 profitable years in a rowprofit 2025: €32,046 8 years View

Recent changes

  1. · Gazette deed 1 director appointed, 1 director resigningResignation: DIENER Michel (director) · Appointment: DIENER (director) · Permanent representative: DIENER Michel
  2. · Gazette deed Registered office moved to La LouvièreNew seat: 7110 La Louvière(Houdeng-Goegnies), boulevard de la Technicité, 3 · Resignation: Michel ROZMAN (director) · Appointment: DIENER Michel (sole director)
  3. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as BAG DISTRIBUTION SERVICE: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €381,000 and €690,000, founded between 1984 and 1991.

CompanyTotal assetsGross margin
BAG DISTRIBUTION SERVICE La Louvière€525,931€49,088
DETEX Tournai€529,347€44,382
OVERNAMEBEMIDDELING & ADVIES Kortrijk€454,762€40,622
GVE Lede€636,566€55,216
EUROPEAN PROMOTION MARKETING Sint-Genesius-Rode€590,746€71,207
HORSE CARE Alken€689,949€60,572
IVALDI Sint-Pieters-Woluwe€381,465€55,156
Full comparison

Key facts about BAG DISTRIBUTION SERVICE

What is the company number of BAG DISTRIBUTION SERVICE?
The company number of BAG DISTRIBUTION SERVICE is 0430.161.049. The VAT number is the same number with BE in front: BE 0430.161.049.
Where is BAG DISTRIBUTION SERVICE based?
The registered office is at Boulevard de la Technicité(H-G) 3, 7110 La Louvière.Company details
What does BAG DISTRIBUTION SERVICE do?
According to the KBO register, the main activity is agents specialised in the wholesale of other particular products (NACE 46180).
What is the legal form of BAG DISTRIBUTION SERVICE?
The legal form of BAG DISTRIBUTION SERVICE is Public limited company (NV).
When was BAG DISTRIBUTION SERVICE founded?
BAG DISTRIBUTION SERVICE was founded on 16-12-1986.
Is BAG DISTRIBUTION SERVICE still active?
Yes, BAG DISTRIBUTION SERVICE is an active enterprise in the KBO register.
How many employees does BAG DISTRIBUTION SERVICE have?
BAG DISTRIBUTION SERVICE had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of BAG DISTRIBUTION SERVICE?
The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €49,088 and 38 comparable companies (NACE 461). It probably lies between €130,000 and €540,000.
Is BAG DISTRIBUTION SERVICE profitable?
In financial year 2025, BAG DISTRIBUTION SERVICE made a profit of €32,046.
Where can I find the annual accounts of BAG DISTRIBUTION SERVICE?
BAG DISTRIBUTION SERVICE filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BAG DISTRIBUTION SERVICE due?
BAG DISTRIBUTION SERVICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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