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BBGH

Active
Private limited companyfounded 201214 yrs activeKrijkelberg 4, 3360 Bierbeek, BelgiumKBO/BCE: BE 0845.512.475
Summary

BBGH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67,027 and a net result of -€10,918. Equity is shrinking by ~10% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability46▲+2
Solvency34▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.04 in 2023; short-term debt: 43.6% and cash: 4.8% of total assets), and 90.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
9.4%
Return on assets
-1.5%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€10,918
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
27 d late
2023
40 d early
2022
4 d early
2021
47 d early
2020
25 d late
2019
10 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 8 days before 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BBGH was incorporated on 20 April 2012.1 Total assets fell from EUR 1.1 million in 2018 to EUR 712,626 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€67,027▼ 14.0%
2023 · €77,945
Total assets
€712,626▼ 4.4%
2023 · €745,543
Net result
-€10,918▲ 2.7%
2023 · -€11,219
Working capital
-€275,676▲ 4.8%
2023 · -€289,654
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
Operating result€3,218▲ 96.2%€110▼ 96.6%€7,209▲ 6,465%€9,062▲ 25.7%€7,318▼ 19.2%
Net result-€6,555▲ 24.4%-€9,120▼ 39.1%-€14,568▼ 59.7%-€11,219▲ 23.0%-€10,918▲ 2.7%
Equity€112,852▼ 5.5%€103,732▼ 8.1%€89,164▼ 14.0%€77,945▼ 12.6%€67,027▼ 14.0%
Total assets€968,320▼ 4.6%€917,109▼ 5.3%€836,753▼ 8.8%€745,543▼ 10.9%€712,626▼ 4.4%
Debt€855,468▼ 4.4%€813,377▼ 4.9%€747,589▼ 8.1%€667,598▼ 10.7%€645,600▼ 3.3%
Working capital-€329,920▲ 6.8%-€296,586▲ 10.1%-€288,426▲ 2.8%-€289,654▼ 0.4%-€275,676▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2020: €3,218€3,218Net result 2020: -€6,555-€6,555Operating result 2021: €110€110Net result 2021: -€9,120-€9,120Operating result 2022: €7,209€7,209Net result 2022: -€14,568-€14,568Operating result 2023: €9,062€9,062Net result 2023: -€11,219-€11,219Operating result 2024: €7,318€7,318Net result 2024: -€10,918-€10,91820202021202220232024-€20,000-€10,000€0€10,000Operating result 2022: €7,209€7,210Net result 2022: -€14,568-€14,600Operating result 2023: €9,062€9,060Net result 2023: -€11,219-€11,200Operating result 2024: €7,318€7,320Net result 2024: -€10,918-€10,900202220232024
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €712,626
Fixed assets €677,897 ▼ 7.6%
Current assets €34,730 ▲ 200%
Equity and liabilities €712,626
Equity €67,027 ▼ 14.0%
Debt €645,600 ▼ 3.3%
Debt's share of the balance-sheet total rises from 89.5% to 90.6%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€63,387▼
2023 · €64,877
Cash flow
€45,151▲
2023 · €44,596
Current ratio
0.11▲
2023 · 0.04
Debt to equity
9.63▲
2023 · 8.56
ROE
-16.3%▼
2023 · -14.4%
ROA
-1.5%▼
2023 · -1.5%
Interest coverage
3.48▲
2023 · 3.20
Debt ≤ 1 year
€310,405▲
2023 · €301,232
Debt > 1 year
€335,194▼
2023 · €366,366
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.0% went bankrupt
2.1% stopped otherwise
95% 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 1.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 912 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€745,543€712,626▼
Fixed assets21/28€733,966€677,897▼
Tangible fixed assets22/27€733,966€677,897▼
Land and buildings22€714,533€661,816▼
Plant, machinery and equipment23€19,433€16,081▼
Current assets29/58€11,577€34,730▲
Cash at bank and in hand54/58€9,714€34,540▲
Deferred charges and accrued income490/1€1,863€190▼
Equity and liabilities
Total equity and liabilities10/49€745,543€712,626▼
Equity10/15€77,945€67,027▼
Contributions10/11€300,000€300,000=
Profit (loss) carried forward14-€222,055-€232,973▼
Amounts payable17/49€667,598€645,600▼
Amounts payable after more than one year17€366,366€335,194▼
Financial debts170/4€366,366€335,194▼
Amounts payable within one year42/48€301,232€310,405▲
Current portion of amounts payable after more than one year42€30,578€31,172▲
Trade debts44€1,424€273▼
Suppliers440/4€1,424€273▼
Other amounts payable47/48€269,230€278,961▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55,815€56,069▲
Other operating charges640/8€3,940€4,068▲
Gross operating margin9900€68,816€67,455▼
Operating profit (loss)9901€9,062€7,318▼
Financial charges65/66B€20,281€18,237▼
Recurring financial charges65€20,281€18,237▼
Profit (loss) for the period before taxes9903-€11,219-€10,918▲
Profit (loss) for the period9904-€11,219-€10,918▲
Profit (loss) for the period to be appropriated9905-€11,219-€10,918▲
Appropriation of the result
Profit (loss) to be appropriated9906-€222,055-€232,973▼
Profit (loss) brought forward from the previous period14P-€210,836-€222,055▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,310€58,649€54,417€55,815€56,069▲ 0.5%
Other operating charges640/8-€3,522€3,587€3,940€4,068▲ 3.2%
Gross operating margin9900€66,030€62,281€65,213€68,816€67,455▼ 2.0%
Operating profit (loss)9901€3,218€110€7,209€9,062€7,318▼ 19.2%
Financial charges65/66B-€9,230€21,777€20,281€18,237▼ 10.1%
Recurring financial charges65€9,773€9,230€21,777€20,281€18,237▼ 10.1%
Profit (loss) for the period before taxes9903-€6,555-€9,120-€14,568-€11,219-€10,918▲ 2.7%
Profit (loss) for the period9904-€6,555-€9,120-€14,568-€11,219-€10,918▲ 2.7%
Profit (loss) for the period to be appropriated9905-€6,555-€9,120-€14,568-€11,219-€10,918▲ 2.7%
Line20202021202220232024Change
Assets
Total assets20/58€968,320€917,109€836,753€745,543€712,626▼ 4.4%
Fixed assets21/28€899,134€827,257€774,534€733,966€677,897▼ 7.6%
Tangible fixed assets22/27€899,134€827,257€774,534€733,966€677,897▼ 7.6%
Land and buildings22-€819,965€767,249€714,533€661,816▼ 7.4%
Plant, machinery and equipment23-€7,292€7,285€19,433€16,081▼ 17.3%
Current assets29/58€69,186€89,853€62,220€11,577€34,730▲ 200%
Amounts receivable within one year40/41-€70----
Trade receivables40-€70----
Cash at bank and in hand54/58€67,932€88,670€60,994€9,714€34,540▲ 256%
Deferred charges and accrued income490/1-€1,112€1,225€1,863€190▼ 89.8%
Equity and liabilities
Total equity and liabilities10/49€968,320€917,109€836,753€745,543€712,626▼ 4.4%
Equity10/15€112,852€103,732€89,164€77,945€67,027▼ 14.0%
Contributions10/11-€300,000€300,000€300,000€300,000=
Profit (loss) carried forward14-€187,148-€196,268-€210,836-€222,055-€232,973▼ 4.9%
Amounts payable17/49€855,468€813,377€747,589€667,598€645,600▼ 3.3%
Amounts payable after more than one year17€456,362€426,939€396,944€366,366€335,194▼ 8.5%
Financial debts170/4-€426,939€396,944€366,366€335,194▼ 8.5%
Amounts payable within one year42/48€399,106€386,438€350,645€301,232€310,405▲ 3.0%
Current portion of amounts payable after more than one year42-€29,423€29,995€30,578€31,172▲ 1.9%
Trade debts44€13,229-€500€1,424€273▼ 80.9%
Suppliers440/4--€500€1,424€273▼ 80.9%
Other amounts payable47/48-€357,015€320,150€269,230€278,961▲ 3.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€6,555-€9,120-€14,568-€11,219-€10,918▲ 2.7%
+ Depreciation and write-downs630€59,310€58,649€54,417€55,815€56,069▲ 0.5%
Operating cash flow (approximation)€52,755€49,529€39,849€44,596€45,151▲ 1.2%
Investment in fixed assets (approximation)-€13,229-€1,694-€15,247€0▲ 100%
Change in cash-€20,738-€27,676-€51,280€24,826▲ 148%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
21-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€14,568
Net result drops to -€14,568, the lowest in the series; recovery starts the following year.
14-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
21-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
18-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated 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, Bierbeek · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
3,035 m²
Building footprint
214 m²
Volume, LiDAR
1,181 m³
Parcel 24011E0064/00S000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
BBGH
Krijkelberg 4, 3360 BierbeekReal estate activities
since 20122.209.209.246
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24011E0064/00S000 Flanders 3,035 m² 1 · 214 m² 8.8 m · 2 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded20-04-2012
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.