BAGUI-SERVICES
ActiveSummary
BAGUI-SERVICES has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€260,489) and a net result of €14,184. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 42 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+35
Solvency0=
Growth61▲+29
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.34 in 2023; short-term debt: 241.2% and cash: 17.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-141.2%
Return on assets
7.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 97
Relative position
BE, all sectors
reference
Activities of households as employers of domestic personnel (NACE 97)
about 10% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 42 sector peers (2024).
NBB · sector comparisonPosition among 42 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
28 d late
2022
31 d late
2021
87 d late
2020
90 d late
2019
123 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 70 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#4 oldest company in Belgium, Households sector
Turnover
€1.5m▲ 79.1%
2018 · €829,245
EBIT margin
7.8%▲ 8.3pp
2018 · -0.5%
Net result
€14,184
2023 · -€77,190
Working capital
-€283,812▲ 0.3%
2023 · -€284,653
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
Turnover€1.5m
Operating result€39,497▼ 1.4%-€352,113€65,904€3,769▼ 94.3%€116,281▲ 2,985%
Net result-€7,536-€378,919▼ 4,928%€51,398-€77,190€14,184
EBIT margin7.8%
Equity€153,038▼ 4.7%-€225,881-€174,483▲ 22.8%-€260,673▼ 49.4%-€260,489▲ 0.1%
Total assets€272,104▼ 2.8%€223,285▼ 17.9%€227,416▲ 1.9%€167,729▼ 26.2%€184,496▲ 10.0%
Debt€119,066▼ 0.1%€449,166▲ 277%€401,899▼ 10.5%€428,402▲ 6.6%€444,985▲ 3.9%
Working capital€58,154▲ 135%-€278,578-€198,856▲ 28.6%-€284,653▼ 43.1%-€283,812▲ 0.3%
Staff (FTE)737,180.242.4▼ 100.0%
Why a figure moved sharply
- 2022 Staff (FTE) -100% on 2021. The accounts now follow the micro schema, last year the full schema.
- 2021 Net result -4,928% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,985% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184,496
Fixed assets
€23,323 ▼ 2.7%
Current assets
€161,172 ▲ 12.1%
Key figures and ratios
EBITDA
€116,937▲
2023 · €4,162
Cash flow
€14,840▲
2023 · -€76,797
Solvency
-141.2%▲
2023 · -155.4%
Current ratio
0.36▲
2023 · 0.34
Debt to equity
-1.71▼
2023 · -1.64
ROA
7.7%▲
2023 · -46.0%
Interest coverage
38.48▲
2023 · 4.08
Debt ≤ 1 year
€444,985▲
2023 · €428,402
Income taxes
€99,058▲
2023 · €21,748
Staff costs
€1.3m▲
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 3,799 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €1.5m | - |
| Non-recurring operating income76A | - | - | - | €52 | €1,259 | ▲ 2,313% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €100,231 | - |
| Remuneration, social security and pensions62 | - | €737,180 | €908,444 | €1.1m | €1.3m | ▲ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,901 | €4,335 | €2,835 | €393 | €656 | ▲ 67.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€37,507 | - | - | - | - |
| Other operating charges640/8 | - | €1,376 | €1,612 | €85 | €100 | ▲ 17.6% |
| Non-recurring operating charges66A | - | €370,468 | €45,344 | €91,060 | - | - |
| Gross operating margin9900 | €581,910 | €723,738 | €1.0m | €1.2m | €1.4m | ▲ 13.1% |
| Operating profit (loss)9901 | €39,497 | -€352,113 | €65,904 | €3,769 | €116,281 | ▲ 2,985% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | - | - | €1 | - | - | - |
| Financial charges65/66B | - | €18,544 | €1,142 | €59,211 | €3,039 | ▼ 94.9% |
| Recurring financial charges65 | €648 | €18,544 | €1,142 | €1,020 | €3,039 | ▲ 198% |
| Non-recurring financial charges66B | - | - | - | €58,191 | - | - |
| Profit (loss) for the period before taxes9903 | €38,849 | -€370,656 | €64,763 | -€55,442 | €113,242 | ▲ 304% |
| Income taxes67/77 | €46,385 | €8,263 | €13,364 | €21,748 | €99,058 | ▲ 355% |
| Profit (loss) for the period9904 | -€7,536 | -€378,919 | €51,398 | -€77,190 | €14,184 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | -€7,536 | -€378,919 | €51,398 | -€77,190 | €14,184 | ▲ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €272,104 | €223,285 | €227,416 | €167,729 | €184,496 | ▲ 10.0% |
| Formation expenses20 | €30,254 | €27,927 | - | - | - | - |
| Fixed assets21/28 | €64,630 | €24,770 | €24,373 | €23,980 | €23,323 | ▼ 2.7% |
| Tangible fixed assets22/27 | €62,097 | €22,290 | €21,783 | €21,390 | €20,733 | ▼ 3.1% |
| Furniture and vehicles24 | - | €244 | €65 | - | - | - |
| Other tangible fixed assets26 | - | €22,046 | €21,718 | €21,390 | €20,733 | ▼ 3.1% |
| Financial fixed assets28 | €2,533 | €2,480 | €2,590 | €2,590 | €2,590 | = |
| Current assets29/58 | €177,219 | €170,588 | €203,043 | €143,750 | €161,172 | ▲ 12.1% |
| Amounts receivable within one year40/41 | €143,440 | €131,965 | €94,323 | €122,829 | €128,599 | ▲ 4.7% |
| Trade receivables40 | - | €83,097 | €83,177 | €93,569 | €103,360 | ▲ 10.5% |
| Other amounts receivable41 | - | €48,868 | €11,146 | €29,260 | €25,239 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €32,835 | €38,623 | €108,720 | €20,921 | €32,573 | ▲ 55.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €272,104 | €223,285 | €227,416 | €167,729 | €184,496 | ▲ 10.0% |
| Equity10/15 | €153,038 | -€225,881 | -€174,483 | -€260,673 | -€260,489 | ▲ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,004 | €2,004 | €2,004 | €2,004 | €2,004 | = |
| Non-distributable reserves130/1 | - | €2,004 | €2,004 | €2,004 | €2,004 | = |
| Reserves not available under the articles1311 | - | €2,004 | €2,004 | €2,004 | €2,004 | = |
| Profit (loss) carried forward14 | €132,434 | -€246,485 | -€195,087 | -€281,277 | -€281,093 | ▲ 0.1% |
| Amounts payable17/49 | €119,066 | €449,166 | €401,899 | €428,402 | €444,985 | ▲ 3.9% |
| Amounts payable within one year42/48 | €119,066 | €449,166 | €401,899 | €428,402 | €444,985 | ▲ 3.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €50,000 | €53,470 | ▲ 6.9% |
| Trade debts44 | €24,144 | €7,028 | €28,512 | €4,067 | €24,395 | ▲ 500% |
| Suppliers440/4 | - | €7,028 | €28,512 | €4,067 | €24,395 | ▲ 500% |
| Taxes, remuneration and social security45 | - | €442,138 | €373,386 | €374,294 | €348,330 | ▼ 6.9% |
| Taxes450/3 | - | €218,370 | €216,284 | €241,338 | €218,916 | ▼ 9.3% |
| Remuneration and social security454/9 | - | €223,768 | €157,103 | €132,957 | €129,414 | ▼ 2.7% |
| Other amounts payable47/48 | - | - | - | €41 | €18,790 | ▲ 46,260% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,536 | -€378,919 | €51,398 | -€77,190 | €14,184 | ▲ 118% |
| + Depreciation and write-downs630 | €5,901 | €4,335 | €2,835 | €393 | €656 | ▲ 67.0% |
| Operating cash flow (approximation) | -€1,635 | -€374,584 | €54,233 | -€76,797 | €14,840 | ▲ 119% |
| Investment in fixed assets (approximation) | - | €35,525 | -€2,437 | €0 | €0 | - |
| Change in cash | - | €5,788 | €70,097 | -€87,799 | €11,652 | ▲ 113% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €14,184
Net result €14,184 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €51,398
Net result €51,398 after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 87 days late
2021
31-12
Financial
Weakest financial yearnet -€378,919
Net result drops to -€378,919, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Back to profitnet €6,051
Net result €6,051 after one loss-making year.
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 98 days late
12-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 377 days late
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 676 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 997 days late
Financial 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
3 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, Schaarbeek · 1 establishment unit since 2002
Ground area
108 m²
Building footprint
112 m²
Volume, LiDAR
1,205 m³
Parcel 21903B0225/00C003, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gustave Latinislaan 9, 1030 Schaarbeek
since 20022.094.730.539
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0225/00C003 | Brussels | 108 m² | 1 · 112 m² | 16.1 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 1,057,166 EUR awarded · 1,057,166 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 259,701 EUR | 259,701 EUR |
| 2024 | 2 | 297,311 EUR | 298,043 EUR |
| 2023 | 1 | 265,826 EUR | 265,826 EUR |
| 2022 | 2 | 234,328 EUR | 233,596 EUR |
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Of 4,996 companies in sector 97000 we hold annual accounts for 55. 44 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 (pre-2019)
Founded21-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
96910Personal service activities
97000Households as employers of domestic personnel
96102Launderettes and laundries for private customers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477565840
Also
9925:BE0477565840
Registered
20-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.