BAGUS
ActiveBAGUS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183k and a net result of €14k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 799 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+7
Solvency51▲+13
Growth52=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.64 in 2024), and 62% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
2.9%
Age of the figures
11 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
47 d early
2023
53 d early
2022
48 d early
2021
25 d early
2020
2 d early
2019
27 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k▲ 28.9%
2024 · €11k
2018: €27k
2019: €41k
2020: €34k
2021: €35k
2022: €50k
2023: €6k
2024: €11k
2018 → 2025
Working capital
€-55k▲ 20.3%
2024 · €-69k
2018: €-141k
2019: €-93k
2020: €-50k
2021: €-18k
2022: €-8k
2023: €-74k
2024: €-69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€152k▲ 49.6%€158k▲ 4.0%€169k▲ 6.9%€183k▲ 8.3%
Operating result€49k-€69k▲ 41.2%€24k▼ 64.8%€33k▲ 34.4%€38k▲ 15.7%
Net result€35k-€50k▲ 44.3%€6k▼ 88.1%€11k▲ 81.9%€14k▲ 28.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €482k
Fixed assets
€391k▼ 13.4%
Current assets
€92k▼ 26.4%
Equity and liabilities €482k
Equity
€183k▲ 8.3%
Debt
€299k▼ 26.4%
The debt ratio falls from 70.6% to 62.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€109k▼
2024 · €110k
Cash flow
€85k▼
2024 · €88k
Solvency
38.0%▲
2024 · 29.4%
Current ratio
0.62▼
2024 · 0.64
Quick ratio
0.54▲
2024 · 0.49
Debt / equity
1.63▼
2024 · 2.40
ROE
7.7%▲
2024 · 6.5%
ROA
2.9%▲
2024 · 1.9%
Interest coverage
5.07▼
2024 · 5.34
Debt
€299k▼
2024 · €407k
Debt ≤ 1 year
€147k▼
2024 · €194k
Debt > 1 year
€148k▼
2024 · €205k
Income taxes
€3k▲
2024 · €1k
Staff costs
€298k▼
2024 · €307k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€576k€482k▼
Fixed assets21/28€451k€391k▼
Tangible fixed assets22/27€451k€391k▼
Land and buildings22€13k€10k▼
Plant, machinery and equipment23€61k€40k▼
Furniture and vehicles24€50k€31k▼
Other tangible fixed assets26€328k€309k▼
Current assets29/58€125k€92k▼
Stocks and contracts in progress3€30k€13k▼
Stocks30/36€30k€13k▼
Amounts receivable within one year40/41€9k€9k▼
Trade receivables40€4€0▼
Other amounts receivable41€9k€9k▼
Cash at bank and in hand54/58€80k€65k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€576k€482k▼
Equity10/15€169k€183k▲
Contributions10/11€20k€20k=
Reserves13€149k€163k▲
Distributable reserves133€149k€163k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€407k€299k▼
Amounts payable after more than one year17€205k€148k▼
Financial debts170/4€205k€148k▼
Amounts payable within one year42/48€194k€147k▼
Current portion of amounts payable after more than one year42€75k€59k▼
Financial debts43€3k€0▼
Credit institutions430/8€3k€0▼
Trade debts44€31k€14k▼
Suppliers440/4€31k€14k▼
Advances received on contracts in progress46€3k€6k▲
Taxes, remuneration and social security45€36k€33k▼
Taxes450/3€9k€9k▼
Remuneration and social security454/9€27k€24k▼
Other amounts payable47/48€47k€35k▼
Accrued charges and deferred income492/3€8k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€307k€298k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€71k▼
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€422k€411k▼
Operating profit (loss)9901€33k€38k▲
Financial income75/76B€183€158▼
Recurring financial income75€183€158▼
Financial charges65/66B€21k€21k▲
Recurring financial charges65€21k€21k▲
Profit (loss) for the period before taxes9903€12k€17k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€11k€14k▲
Profit (loss) for the period to be appropriated9905€11k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€14k▼
Profit (loss) brought forward from the previous period14P€47k€0▼
Transfer to equity691/2€58k€14k▼
To other reserves6921€58k€14k▼
Social balance
Average headcount (FTE)90879.811.8▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €6k ▼88.1%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €50k ▲44.3%
Operating result €69k, net result €50k, both a record.
30-09
Financial
Equity above €150kEq €152k ▲49.6%
5 profitable years in a row build equity to €152k.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €102k ▲52.4%
4 profitable years in a row build equity to €102k.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2022
This board is reconstructed from a single act (22380752). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Daphné GRIMMONPRÉ
CurrentDirector (executive) · since 12-12-2022
Mathias PAREYN
CurrentDirector (executive) · since 12-12-2022
Regis PAREYN
CurrentDirector (executive) · since 12-12-2022
12-12-2022
Daphné GRIMMONPRÉ: Appointed as Director (executive)
12-12-2022
Mathias PAREYN: Appointed as Director (executive)
12-12-2022
Regis PAREYN: Resigned as Director (executive)
12-12-2022
Regis PAREYN: Appointed as Director (executive)
Location & real-estate footprint
Registered office, Comines-Warneton · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Warnaveweg(WAA) 237784 Comines-WarnetonGround area
1,170 m²
Building footprint
213 m²
Volume, LiDAR
1,362 m³
Parcel 54009D0072/00G000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA WARNAVE
since 20112.196.588.655
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54009D0072/00G000 | Wallonia | 1,170 m² | 1 · 212 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteComines-Warneton/Komen-Waasten2.196.588.655
Similar companies · same sector, comparable size
Snoeck Invest
BE 0777.261.295
Gent · Eq €183k
EMMA LAROC
BE 0775.732.754
Lichtervelde · Eq €183k
Gredim
BE 0413.843.075
Kuurne · Eq €183k
ALAIN ETIENNE
BE 0824.375.878
Chastre · Eq €184k
DIONYSOS
BE 0456.060.544
Kortrijk · Eq €184k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 8,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2011
Fiscal year end30-09
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.