Equity
BAGRO has made a profit without a break since 2022.
BAGRO has made a profit without a break since 2022.
Of this, €351,733 falls due within a year.
Nine of the last ten came late. The 2021 accounts came latest: 100 days after the end of the period.
In July 2024, 4,681 companies had the same profile as BAGRO has now. Each dot stands for 12 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,681 companies, not a prediction for BAGRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| BAGRO Ghent | €1.3m | €75,297 | 20.0% | - |
| ASTRA CASA Destelbergen | €1.1m | €60,820 | 96.5% | - |
| THYSSEN INVEST Waasmunster | €1.0m | €79,725 | 53.6% | - |
| Kruisem Logistics Park Erpe-Mere | €1.6m | €73,007 | 99.2% | - |
| VISINVEST Visé | €1.3m | €71,070 | 23.0% | 0 |
| DEBRA Kortrijk | €1.4m | €65,546 | 29.2% | - |
| ALPHA FINANCE Liège | €1.2m | €65,465 | -2.8% | - |
These companies have the same main activity as BAGRO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1m and €1.6m, founded between 1988 and 1991.
BAGRO has existed since 1988. Turnover grew from €21,024 in 2006 to €76,545 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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