BAGO28
Bankruptcy closed1 interim measureInactive since 23-09-2026; last annual accounts for fiscal year 2023.
Summary
BAGO28 was declared bankrupt on 06-01-2025 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 21-09-2026, published in the Belgian State Gazette on 25-09-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-10-2024, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2023
68 d late
2022
72 d late
2021
324 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 155 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€6,610
2022 · -€7,843
Total assets
€85,261▲ 600%
2022 · €12,174
Net result
€14,453
2022 · -€10,343
Working capital
€6,610
2022 · -€7,843
Trend over the years
In euros
In euros
No line ticked in this group.
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€0--€10,130€17,054
Net result€0--€10,343€14,453
Equity€2,500--€7,843€6,610
Total assets€2,500-€12,174▲ 387%€85,261▲ 600%
Debt€20,017€78,651▲ 293%
Working capital-€7,843€6,610
Staff (FTE)5.9
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €17,054 after a loss of €10,130 in 2022, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €85,261
Equity
€6,610
Debt
€78,651
Debt finances 92.2% of the balance-sheet total.
Key figures and ratios
Current ratio
1.08▲
2022 · 0.61
Debt to equity
11.90
ROE
218.6%
ROA
17.0%▲
2022 · -85.0%
Debt ≤ 1 year
€78,651▲
2022 · €20,017
Income taxes
€1,245
Staff costs
€101,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €101,737 | - |
| Other operating charges640/8 | - | - | €1,919 | - |
| Gross operating margin9900 | €0 | -€10,130 | €120,709 | ▲ 1,292% |
| Operating profit (loss)9901 | €0 | -€10,130 | €17,054 | ▲ 268% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | - | €213 | €1,356 | ▲ 536% |
| Recurring financial charges65 | - | €213 | €1,356 | ▲ 536% |
| Profit (loss) for the period before taxes9903 | €0 | -€10,343 | €15,698 | ▲ 252% |
| Income taxes67/77 | - | - | €1,245 | - |
| Profit (loss) for the period9904 | €0 | -€10,343 | €14,453 | ▲ 240% |
| Profit (loss) for the period to be appropriated9905 | €0 | -€10,343 | €14,453 | ▲ 240% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2,500 | €12,174 | €85,261 | ▲ 600% |
| Current assets29/58 | €2,500 | €12,174 | €85,261 | ▲ 600% |
| Amounts receivable within one year40/41 | - | €12,174 | €74,949 | ▲ 516% |
| Trade receivables40 | - | €12,174 | €55,364 | ▲ 355% |
| Other amounts receivable41 | - | - | €19,585 | - |
| Cash at bank and in hand54/58 | €2,500 | - | €10,312 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2,500 | €12,174 | €85,261 | ▲ 600% |
| Equity10/15 | €2,500 | -€7,843 | €6,610 | ▲ 184% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | - | -€10,343 | €4,110 | ▲ 140% |
| Amounts payable17/49 | - | €20,017 | €78,651 | ▲ 293% |
| Amounts payable within one year42/48 | - | €20,017 | €78,651 | ▲ 293% |
| Financial debts43 | - | €300 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €300 | €0 | ▼ 100% |
| Trade debts44 | - | €10,130 | €27,950 | ▲ 176% |
| Suppliers440/4 | - | €10,130 | €27,950 | ▲ 176% |
| Taxes, remuneration and social security45 | - | - | €45,669 | - |
| Taxes450/3 | - | - | €25,842 | - |
| Remuneration and social security454/9 | - | - | €19,827 | - |
| Other amounts payable47/48 | - | €9,587 | €5,031 | ▼ 47.5% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €0 | -€10,343 | €14,453 | ▲ 240% |
| Operating cash flow (approximation) | €0 | -€10,343 | €14,453 | ▲ 240% |
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
2026
25-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 21-09-2026
02-06
Bankruptcy
Supervising judge replaced
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 27-05-2026
2025
10-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 06-01-2025
2024
06-12
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · interim administrator: Steven De Raeve
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €14,453
Net result €14,453 after 2 loss-making years.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 324 days late
2022
31-12
Financial
Weakest financial yearnet -€10,343
Net result drops to -€10,343, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Denderleeuw
Ground area
459 m²
Building footprint
158 m²
Volume, LiDAR
1,213 m³
Parcel 41011A1073/00G000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41011A1073/00G000 | Flanders | 459 m² | 1 · 158 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN Leopoldlaan 15, 9200 Dender- Monde |
06-01-2025 → 21-09-2026 |
| Interim administrator | STEVEN DE RAEVE | 06-12-2024 → present |
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT