BAGAZA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €205k and a net result of €29k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 5527 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
30 d early
2024
29 d late
2023
8 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€205k▲ 16.3%
2024 · €177k
2023: €146k
2024: €177k
2023 → 2025
Net result
€29k▼ 7.1%
2024 · €31k
2023: €96k
2024: €31k
2023 → 2025
Total assets
€2.19M▼ 1.9%
2024 · €2.23M
2023: €2.13M
2024: €2.23M
2023 → 2025
Solvency
9.4%▲ 1.5pp
2024 · 7.9%
2023: 6.8%
2024: 7.9%
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€146k-€177k▲ 21.3%€205k▲ 16.3%
Operating result€55k-€99k▲ 78.8%€97k▼ 2.2%
Net result€96k-€31k▼ 67.5%€29k▼ 7.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.19M
Fixed assets
€2.17M▼ 2.5%
Current assets
€22k▲ 150%
Equity and liabilities €2.19M
Equity
€205k▲ 16.3%
Debt
€1.98M▼ 3.5%
The debt ratio falls from 92.1% to 90.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
9.4%▲
2024 · 7.9%
ROE
14.0%▼
2024 · 17.6%
ROA
1.3%▼
2024 · 1.4%
Debt
€1.98M▼
2024 · €2.06M
Debt ≤ 1 year
€572k▼
2024 · €1.26M
Debt > 1 year
€1.35M▲
2024 · €752k
Income taxes
€11k▲
2024 · €4k
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€2.23M€2.19M▼
Fixed assets21/28€2.22M€2.17M▼
Tangible fixed assets22/27€613k€558k▼
Land and buildings22€252k€252k=
Plant, machinery and equipment23€185k€163k▼
Leasing and similar rights25€176k€142k▼
Financial fixed assets28€1.61M€1.61M=
Current assets29/58€9k€22k▲
Amounts receivable within one year40/41€0€14k▲
Trade receivables40€0-
Other amounts receivable41-€14k
Cash at bank and in hand54/58€9k€8k▼
Deferred charges and accrued income490/1-€79
Equity and liabilities
Total equity and liabilities10/49€2.23M€2.19M▼
Equity10/15€177k€205k▲
Contributions10/11€50k€50k=
Reserves13€127k€155k▲
Distributable reserves133€127k€155k▲
Amounts payable17/49€2.06M€1.98M▼
Amounts payable after more than one year17€752k€1.35M▲
Financial debts170/4€752k€1.35M▲
Amounts payable within one year42/48€1.26M€572k▼
Current portion of amounts payable after more than one year42€185k€190k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€19k€29k▲
Taxes450/3€19k€29k▲
Other amounts payable47/48€1.05M€349k▼
Accrued charges and deferred income492/3€42k€59k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€56k▲
Other operating charges640/8€414€1k▲
Gross operating margin9900€147k€154k▲
Operating profit (loss)9901€99k€97k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€63k€57k▼
Recurring financial charges65€63k€57k▼
Profit (loss) for the period before taxes9903€35k€40k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€31k€29k▼
Profit (loss) for the period to be appropriated9905€31k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€29k▼
Transfer to equity691/2€31k€29k▼
To other reserves6921€31k€29k▼
The notes to these accounts (18 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €29k ▼7.1%
Net result drops to €29k, the lowest in the series.
31-12
Financial
Equity above €200kEq €205k ▲16.3%
3 profitable years in a row build equity to €205k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €150kEq €177k ▲21.3%
2 profitable years in a row build equity to €177k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Celles (lez-Tournai) · 1 establishment unit since 2022
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.
Haute Wimbreucq 97760 Celles (lez-Tournai)Ground area
919 m²
Building footprint
174 m²
Volume, LiDAR
950 m³
Parcel 57023A0907/00S000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAGAZA
since 20222.340.584.858
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57023A0907/00S000 | Wallonia | 919 m² | 1 · 174 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 13,515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2022
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.