BAGRAN
The computed 12-month bankruptcy probability of BAGRAN is 2.8% (moderate). The 2022 annual accounts show negative equity (€-134k) and a net result of €-4k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 4272 sector peers (fiscal year 2022). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-134k |
| Net result | €-4k |
| Better than sector | 5% |
| Active | 24 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1985.3% | 19.9% | |
| Net result | €-4k | €3k | |
| Equity | €-134k | €14k | |
| Gross operating margin | €-979 | €19k | |
| Total assets | €7k | €87k |
| Fiscal year | 2022 |
|---|---|
| Revenue | €15k |
| EBITDA | - |
| Net profit | €-4k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €7k |
| Equity | €-134k |
| Debt | €140k |
| of which ≤ 1y | €134k |
| of which > 1y | - |
| Working capital | €-129k |
| Employees (FTE) | - |
| 2022 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.03 |
| Working capital ratio | -1909.6% |
| Solvency | -1985.3% |
| Debt / equity | -1.05 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | -16.5% |
| Net margin | -27.8% |
| ROA | -60.2% |
| ROE | 3.0% |
| EBITDA margin | - |
| Days sales outstanding | 32d |
| Days payable outstanding | 193d |
| Inventory turnover | 10.63 |
| Days inventory (DSI) | 34d |
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €7k |
| Fixed assets | 21/28 | €900 |
| Formation expenses | 20 | €0 |
| Tangible fixed assets | 22/27 | €0 |
| Financial fixed assets | 28 | €900 |
| Current assets | 29/58 | €6k |
| Stocks & contracts in progress | 3 | €2k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7k |
| Equity | 10/15 | €-134k |
| Contributions / capital | 10/11 | €19k |
| Accumulated profits (losses) | 14 | €-152k |
| Amounts payable | 17/49 | €140k |
| Amounts payable within one year | 42/48 | €134k |
| Trade debts payable within one year | 44 | €9k |
| Income statement | ||
| Turnover | 70 | €15k |
| Gross operating margin | 9900 | €-979 |
| Operating result | 9901 | €-4k |
| Financial charges | 65 | €371 |
| Result before taxes | 9903 | €-4k |
| Net result for the period | 9904 | €-4k |
| Result to be appropriated | 9905 | €-4k |
| NACE primary | Retail trade(47811) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 26-06-2002 |
| Status | Active |
| Postal code | 4633 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62069B0305/00G000 | Wallonia | 609 m² | 1 · 119 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
08-08-2025 Discharge granted to the board
Technical details
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"statutory": "statutair",
"compensated": false,
"effective_date": "2023-12-21",
"evidence_quote": "L\u0027assembl\u00E9 adopte le mandat \u00E0 titre gratuit de fait et de droit pour Monsieur Cetin Erol \u00E0 partir de ce jour, soit le 21 12 2023.",
"decharge_status": "granted",
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],
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"act_meta": {
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"filing_date": "2025-07-28",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-21",
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}
],
"is_correction": false,
"subject_company": {
"kbo": "0477.841.103",
"name_full": "FANTREPRISE DE LIEGE",
"legal_form": "SRL"
},
"publication_proxy": {
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"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | BAGRAN |