BAVAGO
ActiveSummary
BAVAGO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €898,346 and a net result of -€14,150. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 1764 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-19
Solvency79▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 3.76 against 3.96 in 2024; short-term debt: 14.2% and cash: 29.6% of total assets), and 45.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
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
54.3%
Return on assets
-0.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
86 d early
2023
63 d early
2022
52 d early
2021
20 d early
2020
23 d late
2019
147 d early
← 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 58 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Kasterlee, Agriculture, forestry and fishing sector#10 oldest company in Kasterlee, Agriculture, forestry and fishing sector
Equity
€898,346▼ 1.6%
2024 · €912,497
Total assets
€1.7m▼ 13.0%
2024 · €1.9m
Net result
-€14,150
2024 · €272,833
Working capital
€646,045▼ 26.5%
2024 · €879,370
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, 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
Operating result-€274,301€183,874€496,872▲ 170%€389,522▼ 21.6%€3,370▼ 99.1%
Net result-€301,910below the sector's middle half€152,505above the sector's middle half€460,097above the sector's middle half▲ 202%€272,833within the sector's middle half▼ 40.7%-€14,150below the sector's middle half
Equity€27,061below the sector's middle half▼ 91.8%€179,567within the sector's middle half▲ 564%€639,664within the sector's middle half▲ 256%€912,497within the sector's middle half▲ 42.7%€898,346within the sector's middle half▼ 1.6%
Total assets€1.2mwithin the sector's middle half▲ 21.0%€1.7mwithin the sector's middle half▲ 39.3%€1.7mwithin the sector's middle half▲ 2.3%€1.9mwithin the sector's middle half▲ 11.2%€1.7mwithin the sector's middle half▼ 13.0%
Debt€1.2m▲ 77.0%€1.5m▲ 27.2%€1.1m▼ 28.3%€987,502▼ 7.6%€754,626▼ 23.6%
Working capital€57,899within the sector's middle half▼ 87.1%€286,412within the sector's middle half▲ 395%€686,155above the sector's middle half▲ 140%€879,370above the sector's middle half▲ 28.2%€646,045above the sector's middle half▼ 26.5%
Solvency2.3%below the sector's middle half▼ 30.9pp10.8%below the sector's middle half▲ 8.5pp37.4%within the sector's middle half▲ 26.7pp48.0%within the sector's middle half▲ 10.6pp54.3%within the sector's middle half▲ 6.3pp
Current ratio1.18within the sector's middle half▼ 2.921.67within the sector's middle half▲ 0.494.35above the sector's middle half▲ 2.683.96above the sector's middle half▼ 0.393.76above the sector's middle half▼ 0.21
Return on assets (ROA)-25.2%below the sector's middle half▼ 30.1pp9.1%above the sector's middle half▲ 34.3pp26.9%above the sector's middle half▲ 17.8pp14.4%above the sector's middle half▼ 12.6pp-0.9%below the sector's middle half▼ 15.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€772,482 ▲ 6.8%
Current assets
€880,490 ▼ 25.2%
Equity and liabilities €1.7m
Equity
€898,346 ▼ 1.6%
Debt
€754,626 ▼ 23.6%
Debt's share of the balance-sheet total falls from 52.0% to 45.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€202,515▼
2024 · €570,088
Cash flow
€184,994▼
2024 · €453,399
Quick ratio
2.46▼
2024 · 2.48
Debt to equity
0.84▼
2024 · 1.08
ROE
-1.6%▼
2024 · 29.9%
Interest coverage
11.74▼
2024 · 27.75
Debt ≤ 1 year
€234,445▼
2024 · €297,002
Debt > 1 year
€520,180▼
2024 · €690,500
Income taxes
€265▼
2024 · €96,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,611 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105,409 | €160,008 | €174,167 | €180,566 | €199,145 | ▲ 10.3% |
| Other operating charges640/8 | €5,798 | €5,748 | €7,760 | €9,378 | €47,590 | ▲ 407% |
| Gross operating margin9900 | -€163,094 | €349,630 | €678,798 | €579,466 | €250,105 | ▼ 56.8% |
| Operating profit (loss)9901 | -€274,301 | €183,874 | €496,872 | €389,522 | €3,370 | ▼ 99.1% |
| Financial income75/76B | €6,389 | €0 | €1 | €1 | €0 | ▼ 93.5% |
| Recurring financial income75 | €6,389 | €0 | €1 | €1 | €0 | ▼ 93.5% |
| Financial charges65/66B | €33,716 | €31,080 | €27,262 | €20,543 | €17,256 | ▼ 16.0% |
| Recurring financial charges65 | €33,716 | €31,080 | €27,262 | €20,543 | €17,256 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | -€301,627 | €152,794 | €469,611 | €368,979 | -€13,886 | ▼ 104% |
| Income taxes67/77 | €282 | €288 | €9,514 | €96,147 | €265 | ▼ 99.7% |
| Profit (loss) for the period9904 | -€301,910 | €152,505 | €460,097 | €272,833 | -€14,150 | ▼ 105% |
| Profit (loss) for the period to be appropriated9905 | -€301,910 | €152,505 | €460,097 | €272,833 | -€14,150 | ▼ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.7m | €1.7m | €1.9m | €1.7m | ▼ 13.0% |
| Fixed assets21/28 | €826,075 | €955,543 | €817,453 | €723,627 | €772,482 | ▲ 6.8% |
| Tangible fixed assets22/27 | €826,075 | €955,543 | €817,453 | €723,627 | €772,482 | ▲ 6.8% |
| Land and buildings22 | €570,777 | €702,221 | €626,977 | €520,191 | €662,101 | ▲ 27.3% |
| Plant, machinery and equipment23 | €255,298 | €253,322 | €190,477 | €126,335 | €62,194 | ▼ 50.8% |
| Furniture and vehicles24 | - | - | - | €77,101 | €48,187 | ▼ 37.5% |
| Current assets29/58 | €372,770 | €714,506 | €891,123 | €1.2m | €880,490 | ▼ 25.2% |
| Stocks and contracts in progress3 | €305,293 | €644,134 | €381,869 | €439,070 | €303,647 | ▼ 30.8% |
| Stocks30/36 | €305,293 | €644,134 | €381,869 | €439,070 | €303,647 | ▼ 30.8% |
| Amounts receivable within one year40/41 | €17,452 | €55,125 | €47,791 | €71,888 | €75,333 | ▲ 4.8% |
| Trade receivables40 | €0 | €55,125 | €47,791 | €60,661 | €0 | ▼ 100% |
| Other amounts receivable41 | €17,452 | €0 | - | €11,228 | €75,333 | ▲ 571% |
| Cash at bank and in hand54/58 | €41,336 | €4,946 | €450,832 | €655,091 | €489,345 | ▼ 25.3% |
| Deferred charges and accrued income490/1 | €8,689 | €10,300 | €10,631 | €10,322 | €12,165 | ▲ 17.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.7m | €1.7m | €1.9m | €1.7m | ▼ 13.0% |
| Equity10/15 | €27,061 | €179,567 | €639,664 | €912,497 | €898,346 | ▼ 1.6% |
| Contributions10/11 | €301,386 | €301,386 | €301,386 | €301,386 | €301,386 | = |
| Reserves13 | €27,586 | €27,586 | €338,278 | €611,111 | €596,961 | ▼ 2.3% |
| Non-distributable reserves130/1 | €191 | €191 | €0 | - | - | - |
| Reserves not available under the articles1311 | €191 | €191 | €0 | - | - | - |
| Distributable reserves133 | €27,394 | €27,394 | €338,278 | €611,111 | €596,961 | ▼ 2.3% |
| Profit (loss) carried forward14 | -€301,910 | -€149,404 | €0 | - | - | - |
| Amounts payable17/49 | €1.2m | €1.5m | €1.1m | €987,502 | €754,626 | ▼ 23.6% |
| Amounts payable after more than one year17 | €856,912 | €1.1m | €863,944 | €690,500 | €520,180 | ▼ 24.7% |
| Financial debts170/4 | €856,912 | €1.1m | €863,944 | €690,500 | €520,180 | ▼ 24.7% |
| Amounts payable within one year42/48 | €314,871 | €428,093 | €204,968 | €297,002 | €234,445 | ▼ 21.1% |
| Current portion of amounts payable after more than one year42 | €132,819 | €232,819 | €170,319 | €170,319 | €170,319 | = |
| Trade debts44 | €161,428 | €171,240 | €1,037 | €105,247 | €41,389 | ▼ 60.7% |
| Suppliers440/4 | €161,428 | €171,240 | €1,037 | €105,247 | €41,389 | ▼ 60.7% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €5,082 | €7,975 | €16,952 | €4,146 | €5,572 | ▲ 34.4% |
| Taxes450/3 | €282 | €775 | €16,952 | €4,146 | €3,172 | ▼ 23.5% |
| Remuneration and social security454/9 | €4,800 | €7,200 | €0 | - | €2,400 | - |
| Other amounts payable47/48 | €15,541 | €16,059 | €16,660 | €17,289 | €17,165 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€301,910 | €152,505 | €460,097 | €272,833 | -€14,150 | ▼ 105% |
| + Depreciation and write-downs630 | €105,409 | €160,008 | €174,167 | €180,566 | €199,145 | ▲ 10.3% |
| Operating cash flow (approximation) | -€196,500 | €312,513 | €634,264 | €453,399 | €184,994 | ▼ 59.2% |
| Investment in fixed assets (approximation) | - | -€289,476 | -€36,077 | -€86,740 | -€248,000 | ▼ 186% |
| Change in cash | - | -€36,390 | €445,886 | €204,259 | -€165,746 | ▼ 181% |
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
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €460,097 ▲202%
Operating result €496,872, net result €460,097, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.35
Current ratio from 1.67 to 4.35; short-term debt falls from €428,093 to €204,968.
31-12
Financial
Equity above €500,000Eq €639,664 ▲256%
2 profitable years in a row build equity to €639,664.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €152,505
Net result €152,505 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €179,567 ▲564%
Equity rises from €27,061 to €179,567.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€301,910
Net result drops to -€301,910, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
Show earlier events
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €110,166
Net result €110,166 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €280,130 ▲64.8%
Equity rises from €169,964 to €280,130.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kasterlee · 1 establishment unit since 2001
Ground area
1,942 m²
Building footprint
219 m²
Volume, LiDAR
991 m³
Parcel 13017B0225/00P000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Retiesebaan 248, 2460 Kasterlee
since 20012.116.662.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017B0225/00P000 | Flanders | 1,942 m² | 1 · 219 m² | 6.9 m · 1 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
2023 to 2024 · 2 entries · 58,042 EUR awarded · 58,042 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 24,686 EUR | 24,686 EUR |
| 2023 | 1 | 33,356 EUR | 33,356 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKasterlee2.116.662.932
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Of 7,635 companies in sector 01410 we hold annual accounts for 1,848. 1,330 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
Founded07-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
01410Raising of dairy cattle
01462Crop and animal production, hunting and related service activities
01500Mixed farming
Contact
E-mail
leenvangorp@hotmail.comKasterlee
Phone
0472.34.82.41Kasterlee
Fax
014.85.11.72Kasterlee
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475593968
Also
9925:BE0475593968
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.