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Generated 13-07-2026
Active BE 0819.203.897Private limited company (pre-2019)

BAGO

Kuitegemstraat 17 ·2890 Puurs-Sint-Amands, Belgium· 16 yrs active
Sector: Specialised construction (43222)
Conclusion Checked

The computed 12-month bankruptcy probability of BAGO is 0.9% (low). The 2024 annual accounts show equity of €186k and a net result of €29k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 11044 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €186k
Net result €29k
Better than sector 67%
Active 16 yrs
Snowflake analysis 5 axes · computed by Checked
Health93Profitability78Solvency97Growth78Stability100
89 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 78
Solvency 97
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.9% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2009, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · micro
€-50k€0€50k€100kOperating result 2020: €57k€57kNet result 2020: €86k€86kOperating result 2021: €30k€30kNet result 2021: €17k€17kOperating result 2022: €-14k€-14kNet result 2022: €-21k€-21kOperating result 2023: €77k€77kNet result 2023: €57k€57kOperating result 2024: €48k€48kNet result 2024: €29k€29k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~21.6%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€100k€200k€300k2025: €209k (€194k - €224k)2026: €231k (€212k - €250k)2027: €254k (€228k - €280k)2018: €42k2019: €74k2020: €104k2021: €121k2022: €100k2023: €157k2024: €186k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 55.0% 40.9%
better than 67% of 11044 sector peers
Net result €29k €11k
better than 74% of 11027 sector peers
Equity €186k €34k
better than 93% of 11048 sector peers
Gross operating margin €125k €35k
better than 87% of 11017 sector peers
Staff costs €62k €25k
higher than 73% of 4018 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€59k
-30.1% far above sector median
Net profit
€29k
-49.2% far above sector median
Cash flow
€41k
-37.8% +293% vs sector
Total assets
€339k
+3.3% far above sector median
Equity
€186k
+18.5% +223% vs sector
Working capital
€92k
+35.8% +154% vs sector
Staff costs
€62k
+16.5% +35% vs sector
Income taxes
€10k
-25.2% far above sector median
Debt
€153k
-10.6% far above sector median
Debt ≤ 1y
€68k
-8.3% far above sector median
Debt > 1y
€85k
-12.3% far above sector median
Current ratio
2.36
+23.0% -54% vs sector
Quick ratio
2.36
+23.0% -52% vs sector
Solvency
55.0%
+14.6% -35% vs sector
Debt / equity
0.82
-24.5% far above sector median
ROE
15.6%
-57.1% +257% vs sector
ROA
8.6%
-50.8% +134% vs sector
Interest coverage
6.34
-35.6% -50% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€59k
Net profit€29k
Cash flow€41k
Staff costs€62k
Income taxes€10k
Dividends-
Total assets€339k
Equity€186k
Debt€153k
of which ≤ 1y€68k
of which > 1y€85k
Working capital€92k
Employees (FTE)-
Ratios (computed)
2024
Current ratio2.36
Quick ratio2.36
Working capital ratio27.1%
Solvency55.0%
Debt / equity0.82
Long-term debt ratio0.46
Interest coverage6.34
Gross margin-
Net margin-
ROA8.6%
ROE15.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€339k
Fixed assets 21/28€180k
Tangible fixed assets 22/27€180k
Current assets 29/58€159k
Amounts receivable within one year 40/41€148k
Cash & bank 54/58€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€339k
Equity 10/15€186k
Contributions / capital 10/11€6k
Reserves 13€12k
Accumulated profits (losses) 14€168k
Amounts payable 17/49€153k
Amounts payable after one year 17€85k
Amounts payable within one year 42/48€68k
Trade debts payable within one year 44€19k
Income statement
Gross operating margin 9900€125k
Operating result 9901€48k
Financial income 75€1k
Financial charges 65€9k
Result before taxes 9903€39k
Income taxes 67/77€10k
Net result for the period 9904€29k
Result to be appropriated 9905€29k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Levent Ates
    Director
    State Gazette act 25154708 (08-12-2025)
    Current
    08-12-2025 → present
Former directors (2)
  • Yürük Bayram
    Director
    State Gazette act 25154708 (08-12-2025)
    Former
    - → 31-08-2025
  • BAGATOR Hasan
    Manager
    State Gazette act 14108338 (28-05-2014)
    Former
    - → 31-03-2014
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Specialised construction(43222)
Legal form Private limited company (pre-2019)(015)
Incorporation02-10-2009
StatusActive
Postal code2890
Establishment units 1 location
BAGO
Provincialeweg 15, 2890 Puurs-Sint-AmandsAlgemene bouw van residentiële gebouwen
since 20092.182.114.869
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12034B0873/00K000 Flanders 1,219 m² - -
12034B0679/00S000 Flanders 232 m² 1 · 95 m² 9.8 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
08-12-2025
State Gazette act Director changes
v3.2
24-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
17-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
15-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
06-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
02-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
17-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
23-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
20-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
25-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
20-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2014
28-05-2014
State Gazette act Director changes
v3.2
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 7 months ago
2025
08-12-2025 1 director appointed, 1 resigning Director changes
  • Levent Ates, Bestuurder
  • Yürük Bayram, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Y\u00FCr\u00FCk Bayram",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-08-31",
      "evidence_quote": "Ontslag aan dhr Y\u00FCr\u00FCk Bayram als bestuurder, per 31/08/2025. Er wordt hem kwijting verleend over de totale periode van zijn bestuursmandaat",
      "discharge_granted": true
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Levent Ates",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "Levent Ates Bestuurder"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0819.203.897",
    "name_full": "BAGO",
    "legal_form": "BVBA"
  }
}
2014
28-05-2014 BAGATOR Hasan resigns as manager Director changes
  • BAGATOR Hasan, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "BAGATOR Hasan",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2014-03-31",
      "evidence_quote": "Uit de bijzondere algemene vergadering dd 31/03/2014 werd beslist om het ontslag van zaakvoerder, BAGATOR Hasan te aanvaarden. Er wordt hem met eenparigheid van stemmen kwijting verleend voor zijn mandaat tot en met 31/03/2014.",
      "discharge_granted": true
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0819.203.897",
    "name_full": "BAGO",
    "legal_form": "BVBA"
  }
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222
Primary activity highlighted.
Names & trade names
Legal nameNL BAGO
Registered office
Kuitegemstraat 17
2890 Puurs-Sint-Amands, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative