BAGOS
ActiveSummary
BAGOS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,650 and a net result of €171,741. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency35=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.82 in 2023; short-term debt: 90.2% and cash: 58.4% of total assets), and 90.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
9.8%
Return on assets
81.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8101 sector peers (2024).
NBB · sector comparisonPosition among 8101 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
33 d early
2022
41 d early
2021
44 d early
2020
36 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€20,650▲ 9.2%
2023 · €18,908
Total assets
€211,505▲ 6.4%
2023 · €198,771
Net result
€171,741▲ 12.6%
2023 · €152,458
Working capital
-€12,573▲ 60.6%
2023 · -€31,909
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€137,021▲ 5.1%€141,546▲ 3.3%€220,510▲ 55.8%€200,065▼ 9.3%€225,817▲ 12.9%
Net result€105,088▲ 7.7%€109,663▲ 4.4%€169,406▲ 54.5%€152,458▼ 10.0%€171,741▲ 12.6%
Equity€126,981▼ 52.4%€22,043▼ 82.6%€21,450▼ 2.7%€18,908▼ 11.8%€20,650▲ 9.2%
Total assets€140,166▼ 52.7%€150,235▲ 7.2%€214,118▲ 42.5%€198,771▼ 7.2%€211,505▲ 6.4%
Debt€13,185▼ 55.6%€128,191▲ 872%€192,668▲ 50.3%€179,863▼ 6.6%€190,855▲ 6.1%
Working capital€121,013▼ 51.2%-€10,236-€41,669▼ 307%-€31,909▲ 23.4%-€12,573▲ 60.6%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 13% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €211,505
Fixed assets
€33,222 ▼ 34.6%
Current assets
€178,282 ▲ 20.5%
Equity and liabilities €211,505
Equity
€20,650 ▲ 9.2%
Debt
€190,855 ▲ 6.1%
Debt's share of the balance-sheet total falls from 90.5% to 90.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€243,411▲
2023 · €217,360
Cash flow
€189,336▲
2023 · €169,753
Current ratio
0.93▲
2023 · 0.82
Debt to equity
9.24▼
2023 · 9.51
ROE
831.7%▲
2023 · 806.3%
ROA
81.2%▲
2023 · 76.7%
Interest coverage
4451.56▲
2023 · 2504.72
Debt ≤ 1 year
€190,855▲
2023 · €179,863
Income taxes
€54,135▲
2023 · €47,520
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
3.1%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,903 | €9,500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,168 | €9,374 | €15,013 | €17,295 | €17,594 | ▲ 1.7% |
| Other operating charges640/8 | - | €1,113 | €468 | €636 | €1,124 | ▲ 76.8% |
| Gross operating margin9900 | €150,758 | €152,033 | €235,991 | €217,995 | €244,535 | ▲ 12.2% |
| Operating profit (loss)9901 | €137,021 | €141,546 | €220,510 | €200,065 | €225,817 | ▲ 12.9% |
| Financial income75/76B | - | €0 | €0 | - | €115 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | €115 | - |
| Financial charges65/66B | - | €74 | €74 | €87 | €55 | ▼ 37.0% |
| Recurring financial charges65 | €71 | €74 | €74 | €87 | €55 | ▼ 37.0% |
| Profit (loss) for the period before taxes9903 | €136,950 | €141,472 | €220,436 | €199,979 | €225,877 | ▲ 13.0% |
| Income taxes67/77 | €31,862 | €31,809 | €51,029 | €47,520 | €54,135 | ▲ 13.9% |
| Profit (loss) for the period9904 | €105,088 | €109,663 | €169,406 | €152,458 | €171,741 | ▲ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €105,088 | €109,663 | €169,406 | €152,458 | €171,741 | ▲ 12.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,166 | €150,235 | €214,118 | €198,771 | €211,505 | ▲ 6.4% |
| Fixed assets21/28 | €5,968 | €32,280 | €63,119 | €50,817 | €33,222 | ▼ 34.6% |
| Tangible fixed assets22/27 | €5,968 | €32,280 | €63,119 | €50,817 | €33,222 | ▼ 34.6% |
| Furniture and vehicles24 | - | €32,280 | €63,119 | €50,817 | €33,222 | ▼ 34.6% |
| Current assets29/58 | €134,198 | €117,955 | €150,999 | €147,954 | €178,282 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €46,390 | €38,263 | €73,053 | €38,000 | €53,859 | ▲ 41.7% |
| Trade receivables40 | - | €38,263 | €73,053 | €38,000 | €48,544 | ▲ 27.7% |
| Other amounts receivable41 | - | - | - | - | €5,315 | - |
| Cash at bank and in hand54/58 | €85,089 | €78,358 | €77,314 | €109,379 | €123,563 | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | €1,335 | €632 | €576 | €860 | ▲ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,166 | €150,235 | €214,118 | €198,771 | €211,505 | ▲ 6.4% |
| Equity10/15 | €126,981 | €22,043 | €21,450 | €18,908 | €20,650 | ▲ 9.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €106,860 | €1,860 | €1,860 | €260 | €260 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €0 | - | €260 | €260 | = |
| Profit (loss) carried forward14 | €1,521 | €1,583 | €990 | €48 | €1,790 | ▲ 3,614% |
| Amounts payable17/49 | €13,185 | €128,191 | €192,668 | €179,863 | €190,855 | ▲ 6.1% |
| Amounts payable within one year42/48 | €13,185 | €128,191 | €192,668 | €179,863 | €190,855 | ▲ 6.1% |
| Trade debts44 | €601 | €722 | €692 | €360 | €130 | ▼ 63.8% |
| Suppliers440/4 | - | €722 | €692 | €360 | €130 | ▼ 63.8% |
| Taxes, remuneration and social security45 | - | €15,920 | €21,298 | €23,596 | €20,725 | ▼ 12.2% |
| Taxes450/3 | - | €15,920 | €21,298 | €23,596 | €20,725 | ▼ 12.2% |
| Other amounts payable47/48 | - | €111,549 | €170,679 | €155,908 | €170,000 | ▲ 9.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,088 | €109,663 | €169,406 | €152,458 | €171,741 | ▲ 12.6% |
| + Depreciation and write-downs630 | €13,168 | €9,374 | €15,013 | €17,295 | €17,594 | ▲ 1.7% |
| Operating cash flow (approximation) | €118,257 | €119,036 | €184,420 | €169,753 | €189,336 | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | -€35,685 | -€45,853 | -€4,992 | €0 | ▲ 100% |
| Change in cash | - | -€6,732 | -€1,044 | €32,065 | €14,184 | ▼ 55.8% |
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
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €171,741 ▲12.6%
Operating result €225,817, net result €171,741, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 9.35
Current ratio from 2.98 to 9.35; short-term debt falls from €69,288 to €29,687.
31-12
Financial
Equity above €200,000Eq €266,492 ▲57.7%
2 profitable years in a row build equity to €266,492.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Herk-de-Stad · 1 establishment unit since 2016
Ground area
848 m²
Building footprint
180 m²
Volume, LiDAR
831 m³
Parcel 71024D0610/00M000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAGOS
since 20162.253.634.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024D0610/00M000 | Flanders | 848 m² | 1 · 179 m² | 8.3 m · 2 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 30,883 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
Contact
E-mail
patrick.buckens@outlook.com
Phone
+32 475 45 34 14
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655862035
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.