BG PROJECTS
ActiveSummary
BG PROJECTS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,545 and a net result of €34,784. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 1319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-2
Solvency90▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.2 in 2024; short-term debt: 20.4% and cash: 8.4% of total assets), and 35.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
64.7%
Return on assets
15.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
11 d early
2021
5 d early
2020
2 d early
2019
11 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 9 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by total assets in Herselt, Manufacturing sector
Equity
€147,545▲ 30.8%
2024 · €112,761
Total assets
€228,025▲ 8.0%
2024 · €211,227
Net result
€34,784▼ 2.7%
2024 · €35,735
Working capital
€53,588▼ 5.2%
2024 · €56,524
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
Line20212022202320242025
Operating result€4,318▼ 26.4%€9,924▲ 130%€20,951▲ 111%€55,109▲ 163%€54,072▼ 1.9%
Net result€2,623▼ 74.9%€6,055▲ 131%€15,774▲ 161%€35,735▲ 127%€34,784▼ 2.7%
Equity€55,198▲ 5.0%€61,252▲ 11.0%€77,026▲ 25.8%€112,761▲ 46.4%€147,545▲ 30.8%
Total assets€73,232▲ 6.7%€93,724▲ 28.0%€138,233▲ 47.5%€211,227▲ 52.8%€228,025▲ 8.0%
Debt€18,034▲ 12.4%€32,472▲ 80.1%€61,207▲ 88.5%€98,466▲ 60.9%€80,480▼ 18.3%
Working capital€51,664▲ 11.2%€60,739▲ 17.6%€25,152▼ 58.6%€56,524▲ 125%€53,588▼ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €228,025
Fixed assets
€127,829 ▲ 18.6%
Current assets
€100,197 ▼ 3.1%
Equity and liabilities €228,025
Equity
€147,545 ▲ 30.8%
Debt
€80,480 ▼ 18.3%
Debt's share of the balance-sheet total falls from 46.6% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,742▲
2024 · €66,147
Cash flow
€51,454▲
2024 · €46,773
Current ratio
2.15▼
2024 · 2.20
Debt to equity
0.55▼
2024 · 0.87
ROE
23.6%▼
2024 · 31.7%
ROA
15.3%▼
2024 · 16.9%
Interest coverage
30.55▲
2024 · 26.19
Debt ≤ 1 year
€46,608▼
2024 · €46,923
Debt > 1 year
€26,290▼
2024 · €38,672
Income taxes
€16,977▲
2024 · €16,848
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,722 | €2,239 | €1,977 | €11,038 | €16,670 | ▲ 51.0% |
| Other operating charges640/8 | €449 | €540 | €261 | €603 | €1,027 | ▲ 70.2% |
| Gross operating margin9900 | €7,488 | €12,702 | €23,190 | €66,750 | €71,769 | ▲ 7.5% |
| Operating profit (loss)9901 | €4,318 | €9,924 | €20,951 | €55,109 | €54,072 | ▼ 1.9% |
| Financial income75/76B | - | - | €10 | - | €5 | - |
| Recurring financial income75 | - | - | €10 | - | €5 | - |
| Financial charges65/66B | €114 | €39 | €39 | €2,525 | €2,316 | ▼ 8.3% |
| Recurring financial charges65 | €114 | €39 | €39 | €2,525 | €2,316 | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €4,204 | €9,885 | €20,922 | €52,584 | €51,761 | ▼ 1.6% |
| Income taxes67/77 | €1,581 | €3,830 | €5,149 | €16,848 | €16,977 | ▲ 0.8% |
| Profit (loss) for the period9904 | €2,623 | €6,055 | €15,774 | €35,735 | €34,784 | ▼ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €2,623 | €6,055 | €15,774 | €35,735 | €34,784 | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,232 | €93,724 | €138,233 | €211,227 | €228,025 | ▲ 8.0% |
| Fixed assets21/28 | €3,533 | €1,295 | €101,318 | €107,780 | €127,829 | ▲ 18.6% |
| Tangible fixed assets22/27 | €3,533 | €1,295 | €101,318 | €107,780 | €127,829 | ▲ 18.6% |
| Plant, machinery and equipment23 | €1,715 | - | €100,547 | €90,347 | €80,147 | ▼ 11.3% |
| Furniture and vehicles24 | €1,819 | €1,295 | €771 | €17,433 | €13,933 | ▼ 20.1% |
| Other tangible fixed assets26 | - | - | - | - | €33,749 | - |
| Current assets29/58 | €69,698 | €92,429 | €36,915 | €103,447 | €100,197 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €10,780 | €6,862 | €15,948 | €60,457 | €80,973 | ▲ 33.9% |
| Trade receivables40 | - | €6,862 | €15,948 | €13,552 | €18,392 | ▲ 35.7% |
| Other amounts receivable41 | €10,780 | - | - | €46,905 | €62,581 | ▲ 33.4% |
| Cash at bank and in hand54/58 | €58,262 | €84,067 | €20,968 | €42,990 | €19,223 | ▼ 55.3% |
| Deferred charges and accrued income490/1 | €657 | €1,500 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,232 | €93,724 | €138,233 | €211,227 | €228,025 | ▲ 8.0% |
| Equity10/15 | €55,198 | €61,252 | €77,026 | €112,761 | €147,545 | ▲ 30.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €48,998 | €55,052 | €70,826 | €106,561 | €141,345 | ▲ 32.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €47,138 | €53,192 | €70,826 | €106,561 | €141,345 | ▲ 32.6% |
| Amounts payable17/49 | €18,034 | €32,472 | €61,207 | €98,466 | €80,480 | ▼ 18.3% |
| Amounts payable after more than one year17 | - | - | - | €38,672 | €26,290 | ▼ 32.0% |
| Financial debts170/4 | - | - | - | €38,672 | €26,290 | ▼ 32.0% |
| Amounts payable within one year42/48 | €18,034 | €31,690 | €11,763 | €46,923 | €46,608 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,872 | €25,932 | ▲ 4.3% |
| Trade debts44 | €355 | €511 | €639 | €4,411 | €195 | ▼ 95.6% |
| Suppliers440/4 | €355 | €511 | €639 | €4,411 | €195 | ▼ 95.6% |
| Advances received on contracts in progress46 | - | €6,926 | - | - | - | - |
| Taxes, remuneration and social security45 | €625 | €3,830 | €5,149 | €7,358 | €5,493 | ▼ 25.4% |
| Taxes450/3 | €625 | €3,830 | €5,149 | €5,358 | €3,478 | ▼ 35.1% |
| Remuneration and social security454/9 | - | - | - | €2,000 | €2,014 | ▲ 0.7% |
| Other amounts payable47/48 | €17,054 | €20,423 | €5,976 | €10,282 | €14,988 | ▲ 45.8% |
| Accrued charges and deferred income492/3 | - | €782 | €49,444 | €12,871 | €7,581 | ▼ 41.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,623 | €6,055 | €15,774 | €35,735 | €34,784 | ▼ 2.7% |
| + Depreciation and write-downs630 | €2,722 | €2,239 | €1,977 | €11,038 | €16,670 | ▲ 51.0% |
| Operating cash flow (approximation) | €5,344 | €8,293 | €17,751 | €46,773 | €51,454 | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | €0 | -€102,000 | -€17,500 | -€36,719 | ▼ 110% |
| Change in cash | - | €25,805 | -€63,099 | €22,023 | -€23,767 | ▼ 208% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €35,735 ▲127%
Operating result €55,109, net result €35,735, both a record.
31-12
Financial
Equity above €100,000Eq €112,761 ▲46.4%
7 profitable years in a row build equity to €112,761.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2,623 ▼74.9%
Net result drops to €2,623, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herselt · 1 establishment unit since 2017
Ground area
458 m²
Building footprint
111 m²
Volume, LiDAR
766 m³
Parcel 13013E0429/00Y008, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BG Projects
since 20172.272.199.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013E0429/00Y008 | Flanders | 458 m² | 1 · 111 m² | 10.7 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.
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,138 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
Founded18-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686556793
Also
9925:BE0686556793
Registered
26-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.