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BAGEER

Active
Private limited companyfounded 20178 yrs activeGontrode Heirweg 302, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0685.666.076
Summary

BAGEER has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263,639 and a net result of €3,825. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability53▲+4
Solvency54▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.47 in 2024; short-term debt: 5% and cash: 2.7% of total assets), and 71.1% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
28.9%
Return on assets
0.4%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
29 d early
2024
25 d early
2023
17 d early
2022
28 d early
2021
19 d early
2020
131 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 42 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 December 2017, BAGEER was incorporated.1 Total assets went from EUR 798,231 in 2020 to EUR 913,242 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€263,639▲ 1.5%
2024 · €259,814
Total assets
€913,242▼ 3.0%
2024 · €941,746
Net result
€3,825▲ 255%
2024 · €1,077
Working capital
-€20,969▲ 10.2%
2024 · -€23,344
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,712€28,957€14,364▼ 50.4%€14,435▲ 0.5%€17,561▲ 21.7%
Net result€1,004▼ 99.8%€21,002▲ 1,992%€601▼ 97.1%€1,077▲ 79.2%€3,825▲ 255%
Equity€237,134▼ 59.7%€258,136▲ 8.9%€258,737▲ 0.2%€259,814▲ 0.4%€263,639▲ 1.5%
Total assets€821,655▲ 2.9%€1.0m▲ 23.1%€973,755▼ 3.7%€941,746▼ 3.3%€913,242▼ 3.0%
Debt€584,521▲ 179%€753,349▲ 28.9%€715,018▼ 5.1%€681,932▼ 4.6%€649,603▼ 4.7%
Working capital€237,134▼ 59.7%€961,955▲ 306%-€23,583-€23,344▲ 1.0%-€20,969▲ 10.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2021: -€1,712-€1,712Net result 2021: €1,004€1,004Operating result 2022: €28,957€28,957Net result 2022: €21,002€21,002Operating result 2023: €14,364€14,364Net result 2023: €601€601Operating result 2024: €14,435€14,435Net result 2024: €1,077€1,077Operating result 2025: €17,561€17,561Net result 2025: €3,825€3,82520212022202320242025€0€5,000€10,000€15,000€20,000Operating result 2023: €14,364€14,400Net result 2023: €601€601Operating result 2024: €14,435€14,400Net result 2024: €1,077€1,080Operating result 2025: €17,561€17,600Net result 2025: €3,825€3,830202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €913,242
Fixed assets €888,268 ▼ 3.5%
Current assets €24,974 ▲ 19.3%
Equity and liabilities €913,242
Equity €263,639 ▲ 1.5%
Debt €649,603 ▼ 4.7%
Debt's share of the balance-sheet total falls from 72.4% to 71.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€50,106▲
2024 · €46,980
Cash flow
€36,370▲
2024 · €33,622
Current ratio
0.54▲
2024 · 0.47
Debt to equity
2.46▼
2024 · 2.62
ROE
1.5%▲
2024 · 0.4%
ROA
0.4%▲
2024 · 0.1%
Interest coverage
4.06▲
2024 · 3.62
Debt ≤ 1 year
€45,943▲
2024 · €44,277
Debt > 1 year
€603,660▼
2024 · €637,655
Income taxes
€1,392▲
2024 · €393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,368 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.7% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€941,746€913,242▼
Fixed assets21/28€920,813€888,268▼
Tangible fixed assets22/27€920,813€888,268▼
Land and buildings22€920,813€888,268▼
Current assets29/58€20,933€24,974▲
Cash at bank and in hand54/58€20,933€24,974▲
Equity and liabilities
Total equity and liabilities10/49€941,746€913,242▼
Equity10/15€259,814€263,639▲
Contributions10/11€500€500=
Outside capital11€500€500=
Share premium1100/10€500€500=
Reserves13€259,314€263,139▲
Non-distributable reserves130/1€50€50=
Legal reserve130€50€50=
Distributable reserves133€259,264€263,089▲
Amounts payable17/49€681,932€649,603▼
Amounts payable after more than one year17€637,655€603,660▼
Financial debts170/4€637,655€603,660▼
Amounts payable within one year42/48€44,277€45,943▲
Current portion of amounts payable after more than one year42€33,413€34,025▲
Trade debts44€143-
Suppliers440/4€143-
Taxes, remuneration and social security45€392€1,392▲
Taxes450/3€392€1,392▲
Other amounts payable47/48€10,329€10,526▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,545€32,545=
Other operating charges640/8€3,636€3,995▲
Gross operating margin9900€50,616€54,101▲
Operating profit (loss)9901€14,435€17,561▲
Financial charges65/66B€12,965€12,344▼
Recurring financial charges65€12,965€12,344▼
Profit (loss) for the period before taxes9903€1,470€5,217▲
Income taxes67/77€393€1,392▲
Profit (loss) for the period9904€1,077€3,825▲
Profit (loss) for the period to be appropriated9905€1,077€3,825▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,077€3,825▲
Transfer to equity691/2€1,077€3,825▲
To other reserves6921€1,077€3,825▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€32,545€32,545€32,545=
Other operating charges640/8€568€3,104€3,049€3,636€3,995▲ 9.9%
Gross operating margin9900-€1,144€32,061€49,958€50,616€54,101▲ 6.9%
Operating profit (loss)9901-€1,712€28,957€14,364€14,435€17,561▲ 21.7%
Financial income75/76B€4,873€11,013----
Recurring financial income75€4,873€11,013----
Financial charges65/66B€1,743€11,196€13,543€12,965€12,344▼ 4.8%
Recurring financial charges65€1,743€11,196€13,543€12,965€12,344▼ 4.8%
Profit (loss) for the period before taxes9903€1,418€28,774€821€1,470€5,217▲ 255%
Income taxes67/77€414€7,772€220€393€1,392▲ 254%
Profit (loss) for the period9904€1,004€21,002€601€1,077€3,825▲ 255%
Profit (loss) for the period to be appropriated9905€1,004€21,002€601€1,077€3,825▲ 255%
Line20212022202320242025Change
Assets
Total assets20/58€821,655€1.0m€973,755€941,746€913,242▼ 3.0%
Fixed assets21/28--€953,358€920,813€888,268▼ 3.5%
Tangible fixed assets22/27--€953,358€920,813€888,268▼ 3.5%
Land and buildings22--€953,358€920,813€888,268▼ 3.5%
Current assets29/58€821,655€1.0m€20,397€20,933€24,974▲ 19.3%
Stocks and contracts in progress3€553,220€985,903----
Stocks30/36€553,220€985,903----
Current investments50/53€214,746-----
Cash at bank and in hand54/58€53,689€25,582€20,397€20,933€24,974▲ 19.3%
Equity and liabilities
Total equity and liabilities10/49€821,655€1.0m€973,755€941,746€913,242▼ 3.0%
Equity10/15€237,134€258,136€258,737€259,814€263,639▲ 1.5%
Contributions10/11€500€500€500€500€500=
Outside capital11€500€500€500€500€500=
Share premium1100/10€500€500€500€500€500=
Reserves13€236,634€257,636€258,237€259,314€263,139▲ 1.5%
Non-distributable reserves130/1€50€50€50€50€50=
Legal reserve130€50€50€50€50€50=
Distributable reserves133€236,584€257,586€258,187€259,264€263,089▲ 1.5%
Amounts payable17/49€584,521€753,349€715,018€681,932€649,603▼ 4.7%
Amounts payable after more than one year17-€703,819€671,038€637,655€603,660▼ 5.3%
Financial debts170/4-€703,819€671,038€637,655€603,660▼ 5.3%
Amounts payable within one year42/48€584,521€49,530€43,980€44,277€45,943▲ 3.8%
Current portion of amounts payable after more than one year42€430,000€32,192€32,782€33,413€34,025▲ 1.8%
Trade debts44€100€838-€143--
Suppliers440/4€100€838-€143--
Taxes, remuneration and social security45€152,493€7,772€219€392€1,392▲ 255%
Taxes450/3€152,493€7,772€219€392€1,392▲ 255%
Other amounts payable47/48€1,928€8,728€10,979€10,329€10,526▲ 1.9%
Line20212022202320242025Change
Profit (loss) for the period9904€1,004€21,002€601€1,077€3,825▲ 255%
+ Depreciation and write-downs630--€32,545€32,545€32,545=
Operating cash flow (approximation)€1,004€21,002€33,146€33,622€36,370▲ 8.2%
Investment in fixed assets (approximation)---€0€0-
Change in cash--€28,107-€5,185€536€4,041▲ 654%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €601 ▼97.1%
Net result drops to €601, the lowest in the series; recovery starts the following year.
03-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Liquidity times 15current ratio 20.42
Current ratio from 1.41 to 20.42; short-term debt falls from €584,521 to €49,530.
12-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
22-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Merelbeke-Melle · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
5,064 m²
Volume, LiDAR
42,336 m³
Parcel 44040C0386/00G000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
13 companies at this address See who is registered here
1 establishment unit
BAGEER
Gontrode Heirweg 302, 9090 Merelbeke-MelleReal estate activities
since 20172.270.805.830
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44040C0386/00G000 Flanders 1.2 ha 1 · 5,064 m² 9.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

6994003TBROIH13YNQ49
no longer live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded06-12-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.