Financials
- Financial year
- 2025
- Turnover
- €15.7m
- Profit
- €2.1m
- Solvency
- 26.1%
Turnover▲ 4.4%
Net result
20192025
BELGAGEL
ActiveSummary
BELGAGEL has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €2.1m. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 29% of 6,136 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Agents in the wholesale of food, beverages and tobacco
NACE 46170Wholesale trade NACE 46391
1 site
Size
€15.7mturnover 2025
- Staff
- 11.2 FTE
- Equity
- €1.9m
- Profit
- €2.1m
Structure
- Parent
- ARYZTA AG
- ARYZTA France S.A.S.Director · permanent representative Rhona O'Brien
Auditor: RSM INTERAUDIT2025 accounts 28 days early3 of 18 deeds summarised
Why 85raises riskLiquidity: current ratio 1.35, cash €7,719lowers riskFounded in 2010Profit of €2.1m (financial year 2025)Figures for financial year 2025 (filed 03-07-2026)Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 42% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Average
Solvency
51-1
equity 26.1% of total assets
Liquidity
10-1
short-term debt 73.9% · cash 0.1%
Profitability
96+5
return on assets 28.4%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.35, compared with 1.38 in 2024, below the usual 1.5; short-term debt: 73.9% and cash: 0.1% of total assets), and 73.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 29% on solvency, 9% on liquidity, 96% on profitability and 35% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
14 days late
2023
30 days early
2023
51 days early
2022
19 days early
2021
76 days early
2020
53 days 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 35 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (3 of the last 3 filed years within 42 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2019 to 2025net €2.1m ▲2.1%
- Reappointment: RSM Interaudit (statutory auditor)Permanent representative: Laurent Van Der…
Key points
By topic
Board & ownership
- Board
- 1 member
- Parent
- ARYZTA AG
- Auditor
- RSM INTERAUDIT
- ARYZTA France S.A.S.Director
Timeline
- Events
- 24
- Since
- 2011
- Next accounts
- by 31-07-2027
- 14-08-2025Annual accounts filed
- 01-07-2024Annual accounts filed
- 27-02-2024Reappointment: ARYZTA France S.A.S. (director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Agents in the wholesale of food, beverages and…NACE 46170
- Founded
- 19-04-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 2
- Who signs
- Two directors jointly
- Annual meeting
- 14 June at 14:00
Key facts about BELGAGEL
- What is the company number of BELGAGEL?
- 0825.103.972. In Belgium the VAT number is the company number with BE in front: BE 0825.103.972.
- Where is BELGAGEL based?
- The registered office is at Sint-Michielslaan 47, 1040 Etterbeek.Company details
- What does BELGAGEL do?
- According to the KBO register, the main activity is agents in the wholesale of food, beverages and tobacco (NACE 46170).
- What is the legal form of BELGAGEL?
- Public limited company (NV).
- When was BELGAGEL founded?
- On 19-04-2010.
- Is BELGAGEL still active?
- Yes, BELGAGEL is an active enterprise in the KBO register.
- How many employees does BELGAGEL have?
- On average 11.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BELGAGEL?
- €15.7m in financial year 2025, according to the filed annual accounts.
- Is BELGAGEL profitable?
- In financial year 2025, BELGAGEL made a profit of €2.1m.
- Where can I find the annual accounts of BELGAGEL?
- BELGAGEL filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELGAGEL due?
- By 31-07-2027, for financial year 2026.Timeline
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