Beggie
ActiveSummary
Beggie has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€196,151) and a net result of -€260,887. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-36
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.8 in 2024; short-term debt: 83% and cash: 0% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 2025Solvency, return and age of the figures
Solvency
-33.6%
Return on assets
-44.7%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€196,151
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 9 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
on the day
2022
1 d early
2021
on the day
2020
2 d early
2019
18 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€196,151
2024 · €64,736
Total assets
€583,484▼ 1.6%
2024 · €592,855
Net result
-€260,887▼ 151%
2024 · -€103,991
Working capital
-€166,050▼ 89.2%
2024 · -€87,754
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Operating result-€9,991€57,902€109,832▲ 89.7%-€105,152-€246,034▼ 134%
Net result-€10,394below the sector's middle half€48,730above the sector's middle half€86,218above the sector's middle half▲ 76.9%-€103,991below the sector's middle half-€260,887below the sector's middle half▼ 151%
Equity€36,634within the sector's middle half▼ 22.1%€85,364within the sector's middle half▲ 133%€168,726above the sector's middle half▲ 97.7%€64,736within the sector's middle half▼ 61.6%-€196,151below the sector's middle half
Total assets€123,026within the sector's middle half▼ 15.0%€186,245within the sector's middle half▲ 51.4%€292,239within the sector's middle half▲ 56.9%€592,855above the sector's middle half▲ 103%€583,484within the sector's middle half▼ 1.6%
Debt€86,393▼ 11.6%€100,881▲ 16.8%€123,513▲ 22.4%€528,120▲ 328%€779,635▲ 47.6%
Working capital-€26,276below the sector's middle half▼ 36.0%-€8,112below the sector's middle half▲ 69.1%-€19,922below the sector's middle half▼ 146%-€87,754below the sector's middle half▼ 340%-€166,050below the sector's middle half▼ 89.2%
Solvency29.8%within the sector's middle half▼ 2.7pp45.8%within the sector's middle half▲ 16.1pp57.7%within the sector's middle half▲ 11.9pp10.9%within the sector's middle half▼ 46.8pp-33.6%below the sector's middle half▼ 44.5pp
Current ratio0.63below the sector's middle half▼ 0.100.92below the sector's middle half▲ 0.290.84below the sector's middle half▼ 0.080.80below the sector's middle half▼ 0.040.66below the sector's middle half▼ 0.14
Return on assets (ROA)-8.4%below the sector's middle half▼ 17.2pp26.2%above the sector's middle half▲ 34.6pp29.5%above the sector's middle half▲ 3.3pp-17.5%below the sector's middle half▼ 47.0pp-44.7%below the sector's middle half▼ 27.2pp
Staff (FTE)0.3▼ 76.9%1▲ 233%2▲ 100%2.6▲ 30.0%4within the sector's middle half▲ 53.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -151% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €246,034 in 2025 against €105,152 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €583,484
Fixed assets
€265,197 ▲ 5.3%
Current assets
€318,287 ▼ 6.7%
Key figures and ratios
EBITDA
-€187,095▼
2024 · -€52,796
Cash flow
-€201,948▼
2024 · -€51,634
Quick ratio
0.60▼
2024 · 0.74
Debt to equity
-3.97▼
2024 · 8.16
Interest coverage
-8.79▲
2024 · -23.66
Debt ≤ 1 year
€484,338▲
2024 · €428,802
Debt > 1 year
€293,547▲
2024 · €99,317
Income taxes
€388▲
2024 · €0
Staff costs
€231,897▲
2024 · €103,365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 6,906 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €11,161 | - |
| Remuneration, social security and pensions62 | - | €40,981 | €86,580 | €103,365 | €231,897 | ▲ 124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,811 | €22,862 | €38,633 | €52,356 | €58,939 | ▲ 12.6% |
| Other operating charges640/8 | - | €989 | €1,466 | €7,825 | €9,321 | ▲ 19.1% |
| Non-recurring operating charges66A | - | - | - | €8,303 | €0 | ▼ 100% |
| Gross operating margin9900 | €25,446 | €122,733 | €236,512 | €66,698 | €54,123 | ▼ 18.9% |
| Operating profit (loss)9901 | -€9,991 | €57,902 | €109,832 | -€105,152 | -€246,034 | ▼ 134% |
| Financial income75/76B | - | €1,769 | €400 | €3,393 | €6,812 | ▲ 101% |
| Recurring financial income75 | €420 | €1,769 | €400 | €3,393 | €6,812 | ▲ 101% |
| Financial charges65/66B | - | €1,026 | €2,724 | €2,231 | €21,277 | ▲ 854% |
| Recurring financial charges65 | €823 | €1,026 | €2,724 | €2,231 | €21,277 | ▲ 854% |
| Profit (loss) for the period before taxes9903 | -€10,394 | €58,644 | €107,508 | -€103,991 | -€260,499 | ▼ 151% |
| Income taxes67/77 | - | €9,914 | €21,290 | €0 | €388 | - |
| Profit (loss) for the period9904 | -€10,394 | €48,730 | €86,218 | -€103,991 | -€260,887 | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | -€10,394 | €48,730 | €86,218 | -€103,991 | -€260,887 | ▼ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,026 | €186,245 | €292,239 | €592,855 | €583,484 | ▼ 1.6% |
| Formation expenses20 | €154 | €108 | €62 | €16 | €0 | ▼ 100% |
| Fixed assets21/28 | €78,504 | €93,369 | €188,586 | €251,792 | €265,197 | ▲ 5.3% |
| Intangible fixed assets21 | €741 | €369 | €174 | €709 | €450 | ▼ 36.5% |
| Tangible fixed assets22/27 | €72,812 | €92,999 | €188,412 | €238,583 | €251,559 | ▲ 5.4% |
| Plant, machinery and equipment23 | - | €63,745 | €118,683 | €86,330 | €103,268 | ▲ 19.6% |
| Furniture and vehicles24 | - | €29,254 | €64,484 | €77,100 | €51,638 | ▼ 33.0% |
| Other tangible fixed assets26 | - | - | €5,244 | €75,152 | €96,654 | ▲ 28.6% |
| Financial fixed assets28 | €4,950 | - | - | €12,500 | €13,187 | ▲ 5.5% |
| Current assets29/58 | €44,369 | €92,769 | €103,591 | €341,048 | €318,287 | ▼ 6.7% |
| Stocks and contracts in progress3 | - | - | - | €22,500 | €30,000 | ▲ 33.3% |
| Stocks30/36 | - | - | - | €22,500 | €30,000 | ▲ 33.3% |
| Amounts receivable within one year40/41 | €33,537 | €29,939 | €57,906 | €294,191 | €277,228 | ▼ 5.8% |
| Trade receivables40 | - | €28,624 | €48,640 | €163,924 | €74,985 | ▼ 54.3% |
| Other amounts receivable41 | - | €1,315 | €9,266 | €130,268 | €202,243 | ▲ 55.3% |
| Cash at bank and in hand54/58 | €10,832 | €62,829 | €45,685 | €483 | €24 | ▼ 95.0% |
| Deferred charges and accrued income490/1 | - | - | - | €23,874 | €11,035 | ▼ 53.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,026 | €186,245 | €292,239 | €592,855 | €583,484 | ▼ 1.6% |
| Equity10/15 | €36,634 | €85,364 | €168,726 | €64,736 | -€196,151 | ▼ 403% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €16,634 | €65,364 | €148,726 | €61,387 | €61,387 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €63,364 | €146,726 | €61,387 | €61,387 | = |
| Profit (loss) carried forward14 | - | - | - | -€16,652 | -€277,539 | ▼ 1,567% |
| Amounts payable17/49 | €86,393 | €100,881 | €123,513 | €528,120 | €779,635 | ▲ 47.6% |
| Amounts payable after more than one year17 | €15,747 | - | - | €99,317 | €293,547 | ▲ 196% |
| Financial debts170/4 | - | - | - | €99,317 | €293,547 | ▲ 196% |
| Amounts payable within one year42/48 | €70,646 | €100,881 | €123,513 | €428,802 | €484,338 | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €15,747 | - | €23,389 | €24,509 | ▲ 4.8% |
| Financial debts43 | - | - | - | €13,505 | €89,738 | ▲ 564% |
| Credit institutions430/8 | - | - | - | €13,505 | €89,738 | ▲ 564% |
| Trade debts44 | €29,466 | €15,688 | €47,749 | €357,589 | €309,423 | ▼ 13.5% |
| Suppliers440/4 | - | €15,688 | €47,749 | €357,589 | €309,423 | ▼ 13.5% |
| Advances received on contracts in progress46 | - | - | - | €7,760 | €7,760 | = |
| Taxes, remuneration and social security45 | - | €22,162 | €41,461 | €24,121 | €50,470 | ▲ 109% |
| Taxes450/3 | - | €20,617 | €28,970 | €12,517 | €15,031 | ▲ 20.1% |
| Remuneration and social security454/9 | - | €1,545 | €12,490 | €11,603 | €35,439 | ▲ 205% |
| Other amounts payable47/48 | - | €47,283 | €34,303 | €2,438 | €2,438 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,751 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,394 | €48,730 | €86,218 | -€103,991 | -€260,887 | ▼ 151% |
| + Depreciation and write-downs630 | €21,811 | €22,862 | €38,633 | €52,356 | €58,939 | ▲ 12.6% |
| Operating cash flow (approximation) | €11,417 | €71,592 | €124,852 | -€51,634 | -€201,948 | ▼ 291% |
| Investment in fixed assets (approximation) | - | -€37,727 | -€133,851 | -€115,562 | -€72,344 | ▲ 37.4% |
| Change in cash | - | €51,997 | -€17,144 | -€45,202 | -€459 | ▲ 99.0% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet -€260,887
Net result drops to -€260,887, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €86,218 ▲76.9%
Operating result €109,832, net result €86,218, both a record.
30-06
Financial
Equity above €150,000Eq €168,726 ▲97.7%
2 profitable years in a row build equity to €168,726.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €48,730
Net result €48,730 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kruisem · 2 establishment units since 2016
Ground area
9,914 m²
Building footprint
4,972 m²
Volume, LiDAR
34,561 m³
2 parcels, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Beggie
since 20162.257.833.366
Spanjestraat 141, 8800 Roeselare
since 20262.383.347.606
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017C0070/00P000 | Flanders | 7,360 m² | 2 · 2,046 m² | - |
| 36502B1000/00P002 | Flanders | 2,555 m² | 1 · 2,927 m² | 15.4 m · 4 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.
Structure & network
Owners and holdings
1 ownerChain of control
- MADATIMA
- Beggie
Highest known parent: MADATIMA. The sources do not say who stands above it.
Owners 1
- MADATIMAparent100%
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 184 EUR awarded · 184 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 184 EUR | 184 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKruisem2.257.833.366
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Of 1,638 companies in sector 46170 we hold annual accounts for 669. 475 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
Founded15-06-2016
Fiscal year end30-06
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
56210Event catering
56112Limited-service restaurants, excluding mobile food services
77399Renting and leasing of other machinery, equipment and tangible goods
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656670796
Registered
28-07-2024
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.