BAIGO
ActiveSummary
BAIGO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,702 and a net result of €17,350. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+7
Solvency40▲+5
Growth51=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.6 in 2024; short-term debt: 29.7% and cash: 1.3% of total assets), and 85.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-12-2025, 43 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
43 d late
2024
92 d late
2023
2 d late
2022
4 d late
2021
26 d early
2020
30 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€912,695▲ 7.6%
2023 · €848,003
EBIT margin
3.5%▲ 7.5pp
2023 · -4.0%
Net result
€17,350▲ 7.7%
2024 · €16,114
Working capital
-€43,400=
2024 · -€43,393
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€835,870€848,003▲ 1.5%€912,695▲ 7.6%
Operating result€76,741€52,101▼ 32.1%-€33,622€32,343€34,201▲ 5.7%
Net result€66,376above the sector's middle half€36,407above the sector's middle half▼ 45.2%-€44,214below the sector's middle half€16,114within the sector's middle half€17,350within the sector's middle half▲ 7.7%
EBIT margin6.2%-4.0%▼ 10.2pp3.5%▲ 7.5pp
Equity€51,469within the sector's middle half€77,307within the sector's middle half▲ 50.2%€33,093within the sector's middle half▼ 57.2%€34,922within the sector's middle half▲ 5.5%€43,702within the sector's middle half▲ 25.1%
Total assets€410,063above the sector's middle half▼ 8.4%€379,338above the sector's middle half▼ 7.5%€359,527above the sector's middle half▼ 5.2%€337,216above the sector's middle half▼ 6.2%€298,823within the sector's middle half▼ 11.4%
Debt€358,594▼ 20.1%€302,031▼ 15.8%€326,434▲ 8.1%€302,294▼ 7.4%€255,121▼ 15.6%
Working capital-€5,939within the sector's middle half▲ 90.5%€16,086within the sector's middle half-€40,875below the sector's middle half-€43,393below the sector's middle half▼ 6.2%-€43,400below the sector's middle half=
Solvency12.6%within the sector's middle half▲ 12.8pp20.4%within the sector's middle half▲ 7.8pp9.2%within the sector's middle half▼ 11.2pp10.4%within the sector's middle half▲ 1.2pp14.6%within the sector's middle half▲ 4.3pp
Current ratio0.94within the sector's middle half▲ 0.291.26within the sector's middle half▲ 0.320.63below the sector's middle half▼ 0.630.60below the sector's middle half▼ 0.030.51below the sector's middle half▼ 0.09
Return on assets (ROA)16.2%above the sector's middle half▲ 20.6pp9.6%within the sector's middle half▼ 6.6pp-12.3%below the sector's middle half▼ 21.9pp4.8%within the sector's middle half▲ 17.1pp5.8%within the sector's middle half▲ 1.0pp
Staff (FTE)5.4▼ 10.0%6.3▲ 16.7%5.7▼ 9.5%5.6▼ 1.8%4.5▼ 19.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298,823
Fixed assets
€253,493 ▼ 6.8%
Current assets
€45,331 ▼ 30.5%
Equity and liabilities €298,823
Equity
€43,702 ▲ 25.1%
Debt
€255,121 ▼ 15.6%
Debt's share of the balance-sheet total falls from 89.6% to 85.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,736▲
2024 · €51,283
Cash flow
€35,885▲
2024 · €35,054
Quick ratio
0.23▼
2024 · 0.28
Debt to equity
5.84▼
2024 · 8.66
ROE
39.7%▼
2024 · 46.1%
Interest coverage
3.44▲
2024 · 3.09
Debt ≤ 1 year
€88,731▼
2024 · €108,582
Debt > 1 year
€165,281▼
2024 · €190,730
Income taxes
€1,812▲
2024 · €239
Staff costs
€161,996▼
2024 · €199,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 5,053 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €835,870 | €848,003 | €912,695 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €614,157 | €682,226 | €687,577 | - | - |
| Remuneration, social security and pensions62 | - | €178,374 | €198,194 | €199,434 | €161,996 | ▼ 18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,841 | €24,374 | €24,406 | €18,940 | €18,535 | ▼ 2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €369 | - | - |
| Other operating charges640/8 | - | €1,631 | €1,122 | €1,526 | €1,255 | ▼ 17.8% |
| Gross operating margin9900 | €273,183 | €256,480 | €190,100 | €252,612 | €215,986 | ▼ 14.5% |
| Operating profit (loss)9901 | €76,741 | €52,101 | -€33,622 | €32,343 | €34,201 | ▲ 5.7% |
| Financial income75/76B | - | €1,816 | €662 | €589 | €302 | ▼ 48.7% |
| Recurring financial income75 | €1,006 | €1,816 | €662 | €589 | €302 | ▼ 48.7% |
| Financial charges65/66B | - | €11,332 | €11,233 | €16,579 | €15,341 | ▼ 7.5% |
| Recurring financial charges65 | €11,371 | €11,332 | €11,233 | €16,579 | €15,341 | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | €66,376 | €42,585 | -€44,193 | €16,353 | €19,162 | ▲ 17.2% |
| Income taxes67/77 | - | €6,178 | €21 | €239 | €1,812 | ▲ 658% |
| Profit (loss) for the period9904 | €66,376 | €36,407 | -€44,214 | €16,114 | €17,350 | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €66,376 | €36,407 | -€44,214 | €16,114 | €17,350 | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €410,063 | €379,338 | €359,527 | €337,216 | €298,823 | ▼ 11.4% |
| Fixed assets21/28 | €322,437 | €301,703 | €289,784 | €272,027 | €253,493 | ▼ 6.8% |
| Tangible fixed assets22/27 | €322,313 | €301,579 | €289,491 | €271,734 | €253,199 | ▼ 6.8% |
| Land and buildings22 | - | €117,810 | €117,810 | €117,810 | €117,810 | = |
| Plant, machinery and equipment23 | - | €89,529 | €85,399 | €73,451 | €60,409 | ▼ 17.8% |
| Furniture and vehicles24 | - | €2,782 | €316 | €0 | - | - |
| Other tangible fixed assets26 | - | €91,458 | €85,966 | €80,473 | €74,980 | ▼ 6.8% |
| Financial fixed assets28 | €124 | €124 | €293 | €293 | €293 | ▲ 0.1% |
| Current assets29/58 | €87,626 | €77,635 | €69,743 | €65,189 | €45,331 | ▼ 30.5% |
| Stocks and contracts in progress3 | €31,314 | €26,163 | €24,590 | €34,913 | €25,333 | ▼ 27.4% |
| Stocks30/36 | - | €26,163 | €24,590 | €34,913 | €25,333 | ▼ 27.4% |
| Amounts receivable within one year40/41 | €6,148 | €10,876 | €28,270 | €8,488 | €14,004 | ▲ 65.0% |
| Trade receivables40 | - | €9,312 | €14,180 | €5,609 | €10,439 | ▲ 86.1% |
| Other amounts receivable41 | - | €1,564 | €14,090 | €2,879 | €3,566 | ▲ 23.8% |
| Cash at bank and in hand54/58 | €49,397 | €39,829 | €16,100 | €20,786 | €4,020 | ▼ 80.7% |
| Deferred charges and accrued income490/1 | - | €767 | €783 | €1,002 | €1,973 | ▲ 96.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €410,063 | €379,338 | €359,527 | €337,216 | €298,823 | ▼ 11.4% |
| Equity10/15 | €51,469 | €77,307 | €33,093 | €34,922 | €43,702 | ▲ 25.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €10,640 | ▲ 472% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €10,640 | - |
| Profit (loss) carried forward14 | €43,409 | €69,247 | €25,033 | €26,862 | €26,862 | = |
| Amounts payable17/49 | €358,594 | €302,031 | €326,434 | €302,294 | €255,121 | ▼ 15.6% |
| Amounts payable after more than one year17 | €264,733 | €240,450 | €215,785 | €190,730 | €165,281 | ▼ 13.3% |
| Financial debts170/4 | - | €240,450 | €215,785 | €190,730 | €165,281 | ▼ 13.3% |
| Amounts payable within one year42/48 | €93,565 | €61,549 | €110,618 | €108,582 | €88,731 | ▼ 18.3% |
| Current portion of amounts payable after more than one year42 | - | €26,055 | €25,237 | €25,054 | €25,450 | ▲ 1.6% |
| Financial debts43 | - | - | €32,100 | €30,000 | €37,000 | ▲ 23.3% |
| Credit institutions430/8 | - | - | €32,100 | €30,000 | €37,000 | ▲ 23.3% |
| Trade debts44 | €9,340 | €8,257 | €26,491 | €18,002 | €11,501 | ▼ 36.1% |
| Suppliers440/4 | - | €8,257 | €26,491 | €18,002 | €11,501 | ▼ 36.1% |
| Advances received on contracts in progress46 | - | - | - | - | €2,962 | - |
| Taxes, remuneration and social security45 | - | €27,204 | €26,790 | €35,293 | €11,706 | ▼ 66.8% |
| Taxes450/3 | - | €12,691 | €4,497 | €12,966 | €7,146 | ▼ 44.9% |
| Remuneration and social security454/9 | - | €14,513 | €22,293 | €22,327 | €4,559 | ▼ 79.6% |
| Other amounts payable47/48 | - | €33 | - | €233 | €112 | ▼ 51.9% |
| Accrued charges and deferred income492/3 | - | €32 | €31 | €2,982 | €1,110 | ▼ 62.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,376 | €36,407 | -€44,214 | €16,114 | €17,350 | ▲ 7.7% |
| + Depreciation and write-downs630 | €29,841 | €24,374 | €24,406 | €18,940 | €18,535 | ▼ 2.1% |
| Operating cash flow (approximation) | €96,217 | €60,781 | -€19,808 | €35,054 | €35,885 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€3,640 | -€12,487 | -€1,183 | -€1 | ▲ 100.0% |
| Change in cash | - | -€9,568 | -€23,729 | €4,686 | -€16,766 | ▼ 458% |
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
Next filing, fiscal year 2026, expected by
2025
13-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 43 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-03
Financial
Back to profitnet €16,114
Net result €16,114 after one loss-making year.
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet -€44,214
Net result drops to -€44,214, the lowest in the series; recovery starts the following year.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €66,376
Net result €66,376 after one loss-making year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Verviers · 1 establishment unit since 2011
Ground area
2,011 m²
Building footprint
249 m²
Volume, LiDAR
1,359 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BAIGO
since 20112.199.543.294
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63036A0584/00S005 | Wallonia | 1,833 m² | 1 · 163 m² | 5.3 m · 1 fl. |
| 63036A0587/00D002 | Wallonia | 178 m² | 1 · 86 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteVerviers2.199.543.294
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,284 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
Founded14-04-2011
Fiscal year end31-03
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47222Retail trade
Contact
Phone
087/225236Verviers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835488021
Registered
31-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.