Bagio
ActiveSummary
Bagio has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.0m and a net result of €3.5m. Equity has been growing by about 53% per year since 2021. Its solvency ranks better than 32% of 5,795 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 16-07-2020 Normal situation
- Activity
- Development of residential building projects NACE 68121and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.307.239.129 3040 Huldenberg, since 09-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 13-08-2024
Board and ownership
- BZA REAL ESTATEManaging director · permanent representative Bart Vandergucht
- AZIBIDirector · since 22-01-2025 · permanent representative Elisabeth Landeloos
- VN ConsultDirector · since 22-01-2025 · permanent representative Vagim Nasirov
- Auditor
- BV VAN HAVERMAET BEDRIJFSREVISOREN
- AZIBI42%· score 932025 annual accounts of AZIBI
- BZA REAL ESTATE42%· score 802025 annual accounts of BZA REAL ESTATE
- VN Consult15%· score 812025 annual accounts of VN Consult
- Holdings
- Shares in 1 company ANPHIL
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €54.5m
- ▲ 15.9%
- Profit
- €3.5m
- ▼ 39.7%
- Equity
- €12.0m
- ▼ 6.4%
- Total assets
- €61.1m
- ▼ 28.5%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
- €22 of overdue social security (RSZ) debts on 31-12-2025
Score breakdownraises riskLiquidity: current ratio 1.80, cash €2.4mlowers riskSize: turnover €54.5m, total assets €61.1mSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed on 16-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, large). It does better than 37% of them on solvency, 16% on liquidity, 69% on profitability and 51% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 30 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Largest company by total assets in Huldenbergin the Checked rankings No. 1 View
- Caution: Result fell in 2025from €5.7m to €3.5m ▼ 39.7% View
- Branch transferred to NANO S BVcontribution on 06-06-2025 2025 View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
- Positive: 5 profitable years in a rowprofit 2025: €3.5m 5 years View
Recent changes
- · Gazette deed Demerger: Bagio splits off to NANO S
- · Gazette deed Demerger proposal: Bagio BV splits off to NANO S BVPermanent representative: Bart Vandergucht
- · Gazette deed 4 directors appointed, 1 director resigningResignation: Bart Vandergucht (director) · Appointments: BZA Real Estate BV, AZIBI BV and VN Consult BV · Permanent representatives: Bart Vandergucht, Elisabeth Landeloos and Vagim Nasirov
Comparable companies
These companies have the same main activity as Bagio: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €29m and €83m, founded between 2012 and 2020.
| Company | Total assets | Turnover |
|---|---|---|
| Bagio Huldenberg | €61.1m | €54.5m |
| VOLUS Aalter | €29.3m | €58.4m |
| RESOLVE DEVELOPMENT Antwerpen | €44.0m | €28.4m |
| 3D Real Estate Gent | €62.5m | €35.9m |
| RESOLVE Antwerpen | €29.9m | €17.8m |
| STARIUS Waasmunster | €41.6m | - |
| SOVANEST Sint-Martens-Latem | €83.3m | - |
Key facts about Bagio
- What is the company number of Bagio?
- The company number of Bagio is 0750.737.042. The VAT number is the same number with BE in front: BE 0750.737.042.
- Where is Bagio based?
- The registered office is at Nieuwelaan(SAR) 4, 3040 Huldenberg.Company details
- What does Bagio do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Bagio?
- The legal form of Bagio is Private limited company (BV).
- When was Bagio founded?
- Bagio was founded on 16-07-2020.
- Is Bagio still active?
- Yes, Bagio is an active enterprise in the KBO register.
- How many employees does Bagio have?
- Bagio had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Bagio fall under?
- In its 2025 annual accounts, Bagio states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of Bagio?
- The turnover of Bagio was €54.5m in financial year 2025, according to the filed annual accounts.
- Is Bagio profitable?
- In financial year 2025, Bagio made a profit of €3.5m.
- Where can I find the annual accounts of Bagio?
- Bagio filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bagio due?
- Bagio must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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