BAGELEC
ActiveSummary
BAGELEC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2,144 and a net result of €1,108. Equity is shrinking by ~38.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, full schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,375 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €396 | - |
| Remuneration, social security and pensions62 | - | €258,576 | €237,448 | €222,793 | €298,169 | ▲ 33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,830 | €11,485 | €11,333 | €7,898 | €10,960 | ▲ 38.8% |
| Other operating charges640/8 | - | €4,781 | €1,214 | €1,592 | €2,935 | ▲ 84.4% |
| Non-recurring operating charges66A | - | €43,000 | - | - | - | - |
| Gross operating margin9900 | €237,384 | €329,242 | €245,219 | €242,857 | €327,919 | ▲ 35.0% |
| Operating profit (loss)9901 | €2,096 | €11,400 | -€4,776 | €10,574 | €15,856 | ▲ 49.9% |
| Financial income75/76B | - | €9 | €2 | €12 | €86 | ▲ 645% |
| Recurring financial income75 | €3 | €9 | €2 | €12 | €86 | ▲ 645% |
| Financial charges65/66B | - | €6,121 | €9,377 | €6,176 | €9,307 | ▲ 50.7% |
| Recurring financial charges65 | €4,921 | €6,121 | €9,377 | €6,176 | €9,307 | ▲ 50.7% |
| Profit (loss) for the period before taxes9903 | -€2,822 | €5,288 | -€14,152 | €4,410 | €6,635 | ▲ 50.5% |
| Income taxes67/77 | €5,734 | €6,017 | €510 | €3,422 | €5,527 | ▲ 61.5% |
| Profit (loss) for the period9904 | -€8,556 | -€728 | -€14,662 | €988 | €1,108 | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | -€8,556 | -€728 | -€14,662 | €988 | €1,108 | ▲ 12.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,920 | €380,603 | €374,395 | €306,832 | €253,983 | ▼ 17.2% |
| Fixed assets21/28 | €45,726 | €30,246 | €24,850 | €13,841 | €54,770 | ▲ 296% |
| Intangible fixed assets21 | €21,167 | €15,167 | €9,000 | €5,000 | €3,000 | ▼ 40.0% |
| Tangible fixed assets22/27 | €21,674 | €12,194 | €8,760 | €5,955 | €48,885 | ▲ 721% |
| Plant, machinery and equipment23 | - | €976 | €271 | €52 | - | - |
| Furniture and vehicles24 | - | €11,218 | €8,488 | €5,903 | €48,885 | ▲ 728% |
| Financial fixed assets28 | €2,886 | €2,886 | €7,091 | €2,886 | €2,886 | = |
| Current assets29/58 | €374,194 | €350,357 | €349,545 | €292,991 | €199,213 | ▼ 32.0% |
| Stocks and contracts in progress3 | €17,227 | €18,212 | €22,680 | €20,834 | €20,834 | = |
| Stocks30/36 | - | €18,212 | €22,680 | €20,834 | €20,834 | = |
| Amounts receivable within one year40/41 | €348,922 | €223,704 | €244,707 | €240,110 | €136,542 | ▼ 43.1% |
| Trade receivables40 | - | €223,704 | €244,707 | €240,041 | €124,380 | ▼ 48.2% |
| Other amounts receivable41 | - | - | - | €70 | €12,162 | ▲ 17,359% |
| Cash at bank and in hand54/58 | €8,045 | €17,064 | €1,925 | €6,623 | €41,131 | ▲ 521% |
| Deferred charges and accrued income490/1 | - | €91,377 | €80,234 | €25,424 | €706 | ▼ 97.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,920 | €380,603 | €374,395 | €306,832 | €253,983 | ▼ 17.2% |
| Equity10/15 | €15,439 | €14,711 | €48 | €1,036 | €2,144 | ▲ 107% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €7,379 | €6,651 | -€8,012 | -€7,024 | -€5,916 | ▲ 15.8% |
| Amounts payable17/49 | €404,482 | €365,892 | €374,347 | €305,796 | €251,839 | ▼ 17.6% |
| Amounts payable after more than one year17 | €28,374 | €15,279 | €7,711 | - | €19,222 | - |
| Financial debts170/4 | - | €15,279 | €7,711 | - | €19,222 | - |
| Amounts payable within one year42/48 | €168,725 | €228,712 | €195,198 | €173,056 | €187,276 | ▲ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €77,429 | €77,569 | €77,711 | €77,337 | ▼ 0.5% |
| Financial debts43 | - | - | - | - | €2,663 | - |
| Credit institutions430/8 | - | - | - | - | €2,663 | - |
| Trade debts44 | €822 | €43,082 | €9,296 | €15,060 | €38,519 | ▲ 156% |
| Suppliers440/4 | - | €43,082 | €9,296 | €15,060 | €38,519 | ▲ 156% |
| Taxes, remuneration and social security45 | - | €56,024 | €40,792 | €48,689 | €65,769 | ▲ 35.1% |
| Taxes450/3 | - | €20,546 | €13,719 | €20,232 | €17,269 | ▼ 14.6% |
| Remuneration and social security454/9 | - | €35,479 | €27,073 | €28,457 | €48,500 | ▲ 70.4% |
| Other amounts payable47/48 | - | €52,177 | €67,541 | €31,597 | €2,988 | ▼ 90.5% |
| Accrued charges and deferred income492/3 | - | €121,901 | €171,439 | €132,740 | €45,341 | ▼ 65.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,556 | -€728 | -€14,662 | €988 | €1,108 | ▲ 12.1% |
| + Depreciation and write-downs630 | €17,830 | €11,485 | €11,333 | €7,898 | €10,960 | ▲ 38.8% |
| Operating cash flow (approximation) | €9,274 | €10,757 | -€3,329 | €8,886 | €12,067 | ▲ 35.8% |
| Investment in fixed assets (approximation) | - | €3,995 | -€5,937 | €3,111 | -€51,889 | ▼ 1,768% |
| Change in cash | - | €9,019 | -€15,139 | €4,699 | €34,508 | ▲ 634% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
14-09
State Gazette act
Appointments: TIN SERVICES (non-statutory director) and CAP MANAGEMENT (non-statutory director)Permanent representatives: VERBUSTEL Thierry and CARTIAUX Benoît · Resignations: TIN SERVICES (manager) and CAP MANAGEMENT (manager) · Statutes amendment21 facts ▸
- General meeting, 02-09-2026
- Statutes amendment
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres apports non appelés
- Reserve release, unanimité, suppression du compte de capitaux propres statutairement indisponible et mise des fonds à disposition pour distribution
- Capital decrease
- Registered office clause, unanimité, Région wallonne
- Statutes amendment
- Statutes amendment
- Director appointment, TIN SERVICES (non-statutory director)
- Director appointment, CAP MANAGEMENT (non-statutory director)
- +9 further facts in this act
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 2
Permanent representatives 2
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0689/00Y006 | Wallonia | 3,064 m² | 1 · 436 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CAP MANAGEMENT |
|
| TIN SERVICES |
|
Articles of association
Full purpose (9 activities)
- L’entreprise générale du bâtiment, dans le sens le plus large, tant en ce qui concerne le gros œuvre que le parachèvement ; et plus particulièrement l’électricité, le contrôle d’accès, parlophonie et vidéophonie, l’automatisation, l’éclairage de jardins, serrurerie, isolation, et le placement d’ équipement électroménager, l’entretien de machines outil, le montage et la réparation de portes de garage, et dans un sens plus large, tous les travaux de rapportant à la maintenance et la rénovation intérieure et extérieure des bâtiments, ainsi que l’entreprise de chauffagiste, , carrelage et plafonnage, pavage, asphaltage, terrassement, construction de routes et autoroutes, elle peut également fournir l’étude, la production, l’achat, la vente, l’importation, l’exportation, la distribution, l’ installation et généralement le commerce de matériaux de construction et tout ce qui s’y rapporte directement ou indirectement ;
- Le tout sous réserve des activités requérant un accès à la profession.
- Tant en Belgique qu’à l’étranger, pour compte propre, pour compte de tiers ou en participation avec ceux-ci, la location, la sous-location, l’achat et l’acquisition de tous droits réels ou de la pleine propriété de tout immeuble dans le but soit d’y établir son siège social ou un siège d’exploitation soit d’y loger ses dirigeants et les membres de leur famille à titre de résidence principale ou secondaire en ce compris par sa mise à disposition gratuite au nom de ses dirigeants ou employés et les membres de leur famille, ainsi que l’achat et la vente de la pleine propriété ou de tous droits réels, la location, la mise en location, la construction, la transformation, la mise en valeur ou toutes opérations assimilées pour tout immeuble quelle qu’en soit son affectation, et, de manière plus générale, la gestion et la valorisation d’un patrimoine immobilier, avec ou sans lien direct avec ses autres activités.
- Dans le cadre de l’objet ci-avant, elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société, liée ou non.
- Elle dispose, d’une manière générale, d’une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement, entièrement ou partiellement, la réalisation de cet objet.
- Elle peut s'intéresser par voie d'association, d'apport, de fusion, d'intervention financière ou autrement dans toutes sociétés, associations ou entreprises dont l'objet est identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Elle peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
- La société peut se porter garant ou fournir des sûretés réelles pour des sociétés ou des personnes privées, au sens le plus large.
- Au cas où la prestation de certains actes serait soumise à des conditions préalables d'accès à la profession, la société subordonnera son action, en ce qui concerne la prestation de ces actes, à la réalisation de ces conditions.
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 14-09-2026 Converted to unavailable equity · 6,200 EUR
- 14-09-2026 Converted to unavailable equity · 1,860 EUR
- 14-09-2026 Converted to uncalled contributions · 12,400 EUR
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.