BG FINANCE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BG FINANCE is 1.0% (low). The 2024 annual accounts show equity of €97k and a net result of €-6k. Equity is growing by ~10.7% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Trust signals

3 signals

Long-established

Founded in 1995, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-6k

Working capital€99k-5.2%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 26-06-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~10.7%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Net profit

€-6k

- 18-24

Total assets

€143k

-4.9% 18-24

Equity

€97k

-5.9% 18-24

Working capital

€99k

-5.2% 18-24

Income taxes

€0

-100.0% 18-24

Dividends

€0

-100.0% 18-24

Debt

€45k

-2.7% 18-24

Debt ≤ 1y

€44k

-4.2% 18-24

Current ratio

3.27

-0.7% 18-24

Quick ratio

3.27

-0.7% 18-24

Solvency

68.2%

-1.1% 18-24

Debt / equity

0.47

+3.4% 18-24

ROE

-6.3%

- 18-24

ROA

-4.3%

- 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	-
Net profit	€-6k
Cash flow	-
Staff costs	-
Income taxes	€0
Dividends	€0
Total assets	€143k
Equity	€97k
Debt	€45k
of which ≤ 1y	€44k
of which > 1y	-
Working capital	€99k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	3.27
Quick ratio	3.27
Working capital ratio	69.4%
Solvency	68.2%
Debt / equity	0.47
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-4.3%
ROE	-6.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Equity & liabilities

Equity €97k · 68.2% Debt €45k · 31.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€143k
Current assets	29/58	€143k
Amounts receivable within one year	40/41	€0
Cash & bank	54/58	€143k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€143k
Equity	10/15	€97k
Contributions / capital	10/11	€25k
Reserves	13	€79k
Accumulated profits (losses)	14	€-6k
Amounts payable	17/49	€45k
Amounts payable within one year	42/48	€44k
Income statement
Gross operating margin	9900	€-6k
Operating result	9901	€-6k
Financial charges	65	€0
Result before taxes	9903	€-6k
Income taxes	67/77	€0
Net result for the period	9904	€-6k
Result to be appropriated	9905	€-6k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

62 / 100 Healthy

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

4 directors

Current directors & mandates

Claude BURGELMAN
Director
State Gazette act 24349425 (31-01-2024)

Current
31-01-2024 → present
2 events
- 31-01-2024 Resigned· Director
- 31-01-2024 Appointed· Director
Yoeri GRYSON
Director
State Gazette act 24349425 (31-01-2024)

Current
31-01-2024 → present
2 events
- 31-01-2024 Resigned· Director
- 31-01-2024 Appointed· Director

Historic, not recently confirmed (2)

These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.

BURGELMAN Claude Jozef Gabriel
Manager
State Gazette act 15053049 (13-04-2015)

Not recently confirmed
last confirmed in an act from 2015
2 events
- 13-04-2015 Resigned· Manager
- 13-04-2015 Appointed· Manager
GRYSON Yoer Henni
Manager
State Gazette act 15053049 (13-04-2015)

Not recently confirmed
last confirmed in an act from 2015

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

indexing

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	01-02-1995
Status	Active
Postal code	9000

Structure & network

Connections & network

1 connected company

Network connections

SINTRA

Shared address

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Establishment units

1 location

Lange Kruisstraat 7, 9000 Gent

het invullen van aangifteformulieren voor de loon- en inkomstenbelasting voor particulieren en bedrijven

since 19982.072.589.892

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area467 m²

Buildings1

Building footprint463 m²

Volume (LiDAR)5,724 m³

Tallest building21.9 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44803C0622/00C000	Flanders	467 m²	1 · 463 m²	21.9 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

0 events from the State Gazette

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

1 verified act

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026

29-07-2026 Merger · Accounting effect · Power of attorney

3 facts

Merger , 13/07/2026
Accounting effect , 01/07/2026
Power of attorney, PKF Bofidi Accountants & Advisers

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

68 / 100

Strong profile, led by solvency.

Health 62

Profitability 0

Solvency 100

Growth 78

Stability 100

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Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

BG FINANCE

Registered office

Lange Kruisstraat 7 bus 402

9000 Gent, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.