Equity
€611,539 ▲ 26.4%
BAGH has made a profit without a break since 2012.
BAGH
Lifetime
15 annual accounts with figures on one time axispeak €307,338 (2025)
€307,338▲ 53.1%
lowest -€4,879 (2011)
€139,835▲ 56.6%
peak €611,539 (2025)
€611,539▲ 26.4%
€112,239▼ 15.3%
peak 1.7 FTE (2025)
1.7 FTE▲ 30.8%
Board1 name since 2024
1 directorBUTT Masood Ahmed
Documentsfilings and deeds
30-10-202691 days late
2025financial year
Gross margin from €200,721 to €307,338Result from €89,320 to €139,835Staff from 1.3 FTE to 1.7 FTEEquity from €483,703 to €611,539Debts from €132,591 to €112,239Investments €40,609
Key points
from the 2025 annual accountsResult
€139,835 ▲ 56.6%
The result rose in 2025 from €89,320 to €139,835.
Turnover
≈ €870,000 estimated
The accounts state no turnover.
Investments
€40,559 2.5 × depreciation
Green is investment, beige is depreciation.
Filings
15 annual accounts 91 days
Latest accounts filed late: after the legal deadline.
Position in the sector
84.5%
Higher solvency than 93% of companies in food and beverage service. Sector median 30.3% · 963 companies.
Checked score
58
Fair
Financially stronger than 85% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.3%▼ -0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.3 percentage points vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 91 days late; 3 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 5.49, cash €432,657
Equity €611,539 (84.5% of total assets)
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 56, micro). It does better than 94% of them on solvency, 96% on liquidity, 81% on profitability and 71% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as BAGH has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BAGH itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for BAGH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 5.49 (4.02 in 2024), above the usual 1.5. Short-term debt is 15.5% and cash 59.8% of total assets. 15.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
31 days late
2023
93 days late
2022
301 days late
2021
31 days late
2020
171 days late
2019
53 days late
← 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 110 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 30 October (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0883662674
Change of role: BUTT Masood Ahmed, from manager to director
Gazette deed
First establishment
MR COD, Gentsesteenweg 386, Molenbeek-Saint-Jean
Incorporation
published on 29-09-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAGH Molenbeek-Saint-Jean | €0.7m | €307,338 | 84.5% | 1.7 |
| DE FRIETERIE Lievegem | €1.1m | €306,380 | 59.8% | 1.8 |
| STEPAGELS Aalst | €0.9m | €312,038 | 77.7% | 2.7 |
| DESMET WIM Pittem | €0.9m | €277,786 | 17.6% | 2.4 |
| Friterie du Circuit Mettet | €0.5m | €285,450 | 86.3% | 1.4 |
| LEVIN BOEN Grobbendonk | €0.7m | €210,069 | 46.1% | 1 |
| Schrijvers Projects Buggenhout | €0.8m | €290,174 | 35.6% | 3.2 |
These companies have the same main activity as BAGH: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €522,000 and €1.1m, founded between 2005 and 2011.
Official details
Source: KBO- Status
- Active since 21-09-2006Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.158.688.1811080 Molenbeek-Saint-Jean, since 01-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Insights on BAGH
BAGH has existed since 2006. In 2016 the gross margin rose from €25,638 to €163,398.
The gross margin has grown every year since 2022. Solvency rose in 2025 from 78.5% to 84.5% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BAGH
- What is the company number of BAGH?
- The company number of BAGH is 0883.662.674. The VAT number is the same number with BE in front: BE 0883.662.674.
- Where is BAGH based?
- The registered office is at Gentsesteenweg 386, 1080 Molenbeek-Saint-Jean.Company details
- What does BAGH do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of BAGH?
- BAGH is a private limited company (BV).
- When was BAGH founded?
- BAGH was founded on 21-09-2006.
- Is BAGH still active?
- Yes, BAGH is an active enterprise in the KBO register.
- How many employees does BAGH have?
- BAGH had an average of 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BAGH?
- The turnover in financial year 2025 is ≈ €870,000. This figure is estimated from the gross margin of €307,338 and 37 comparable companies (NACE 56112). It probably lies between €720,000 and €970,000.
- Is BAGH profitable?
- In financial year 2025, BAGH made a profit of €139,835.
- Where can I find the annual accounts of BAGH?
- BAGH filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAGH due?
- BAGH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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