BAGHE CONSTRUCT
ActiveBAGHE CONSTRUCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €8k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 27559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63=
Solvency95▲+16
Growth64▼-2
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.3 against 2.12 in 2024; short-term debt: 30.1% and cash: 37.3% of total assets), and 30.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.9%
Return on assets
6.3%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 26-02-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
9 d early
2023
13 d early
2022
15 d early
2021
18 d early
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close18-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€374k▼ 7.5%
2024 · €404k
2019: €348k
2020: €500k
2021: €553k
2022: €459k
2023: €400k
2024: €404k
2019 → 2025
EBIT margin
3.1%=
2024 · 3.2%
2019: 2.7%
2020: 2.2%
2021: 2.6%
2022: 4.0%
2023: 2.5%
2024: 3.2%
2019 → 2025
Net result
€8k▼ 13.4%
2024 · €10k
2019: €7k
2020: €8k
2021: €11k
2022: €14k
2023: €8k
2024: €10k
2019 → 2025
Working capital
€92k▲ 12.1%
2024 · €82k
2019: €31k
2020: €25k
2021: €33k
2022: €55k
2023: €68k
2024: €82k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€553k-€459k▼ 17.0%€400k▼ 12.9%€404k▲ 1.1%€374k▼ 7.5%
Equity€53k-€67k▲ 26.5%€74k▲ 11.4%€84k▲ 13.0%€93k▲ 10.0%
Operating result€14k-€18k▲ 27.1%€10k▼ 44.5%€13k▲ 25.8%€12k▼ 8.4%
Net result€11k-€14k▲ 26.9%€8k▼ 45.6%€10k▲ 27.2%€8k▼ 13.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€883▼ 63.2%
Current assets
€132k▼ 15.0%
Equity and liabilities €132k
Equity
€93k▲ 10.0%
Debt
€40k▼ 45.4%
The debt ratio falls from 46.4% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €17k
Cash flow
€10k▼
2024 · €14k
Solvency
69.9%▲
2024 · 53.6%
Current ratio
3.30▲
2024 · 2.12
Quick ratio
3.30▲
2024 · 2.12
Debt / equity
0.43▼
2024 · 0.87
ROE
9.1%▼
2024 · 11.5%
ROA
6.3%▲
2024 · 6.2%
Interest coverage
15.82▼
2024 · 33.15
Debt
€40k▼
2024 · €73k
Debt ≤ 1 year
€40k▼
2024 · €73k
Income taxes
€3k▼
2024 · €3k
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€157k€132k▼
Fixed assets21/28€2k€883▼
Tangible fixed assets22/27€2k€561▼
Furniture and vehicles24€2k€561▼
Financial fixed assets28€322€322=
Current assets29/58€155k€132k▼
Amounts receivable within one year40/41€127k€81k▼
Trade receivables40€127k€76k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€27k€49k▲
Deferred charges and accrued income490/1€258€1k▲
Equity and liabilities
Total equity and liabilities10/49€157k€132k▼
Equity10/15€84k€93k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€76k€84k▲
Amounts payable17/49€73k€40k▼
Amounts payable within one year42/48€73k€40k▼
Trade debts44€36k€21k▼
Suppliers440/4€36k€21k▼
Taxes, remuneration and social security45€28k€16k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€24k€13k▼
Other amounts payable47/48€8k€3k▼
Income statement
Code20242025
Turnover70€404k€374k▼
Non-recurring operating income76A€23€7k▲
Goods, raw materials, services and sundry goods60/61€387k€360k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8-€563
Gross operating margin9900€17k€14k▼
Operating profit (loss)9901€13k€12k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€516€839▲
Recurring financial charges65€516€839▲
Profit (loss) for the period before taxes9903€12k€11k▼
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€10k€8k▼
Profit (loss) for the period to be appropriated9905€10k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€84k▲
Profit (loss) brought forward from the previous period14P€66k€76k▲
The notes to these accounts (7 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
Financial
Highest result since 2019net €14k ▲26.9%
Operating result €18k, net result €14k, both a record.
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Soignies · 1 establishment unit since 2011
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.
Rue Saint-Vincent 1287060 SoigniesGround area
379 m²
Building footprint
57 m²
Parcel 55040B0697/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Saint-Vincent 128, 7060 Soignies
since 20112.205.374.776
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040B0697/00G002 | Wallonia | 379 m² | 1 · 57 m² | - |
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.
Similar companies · same sector, comparable size
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BOUWDEM
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TOITURE CAMBIER
BE 0831.321.573
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VITERENOV
BE 0777.638.211
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Faes & Co
BE 0881.683.379
Ranst · Eq €93k
Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 6,249 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-11-2011
Fiscal year end31-07
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
41001General construction of residential buildings
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.