Skip to content

BG RETAIL

Active
Public limited companyfounded 197254 years activeNoorderlaan 133, 2030 Antwerpen, BelgiumKBO/BCE: BE 0412.562.873
Summary

BG RETAIL has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.5m and a net result of -€1.8m. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 36% of 4,922 sector peers (NACE 47, fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Retail sale of hardware, building materials, paint and glass (general range)
NACE 47521
13 sites
Size
€31.3mturnover 2025
Staff
126.8 FTE
Equity
€12.5m
Loss
-€1.8m
Net result -1,224%: branch transferred
Financial health
66 Healthy Checked score 2025
Bankruptcy probability, 12 months
0.9%
Structure
Parent
Bourrelier Group SA
Holdings
8
Auditor: RSM INTERAUDITAccounts filed 40 days late1 of 19 deeds read
Why 66- Liquidity: current ratio 0.49, cash €3.0m- 1 change of registered office in 24 months- Equity €12.5m (24.7% of total assets)+ Size: turnover €31.3m, 126.8 FTE, total assets €50.6mShow the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 23% of its sector peers (NACE 47, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 50-50
equity 24.7% of total assets
Liquidity 18-33
short-term debt 73.5% · cash 5.9%
Profitability 14-9
return on assets -3.6%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (387 companies)
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 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%▼ -0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.3%▲ +0.1 percentage points vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.8%▲ +0.2 percentage points vs 08-2026 10-2026: 0.9%▲ +0.1 percentage points vs 09-2026highest value
Credit up to €800,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 1.69 in 2024; short-term debt: 73.5% and cash: 5.9% of total assets), and 75.3% of the assets are financed with debt.
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 47, medium-sized): better than 48% on solvency, 22% on liquidity, 9% on profitability and 12% on growth.

The bankruptcy probability was computed on 06-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.49, cash €3.0m
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Size: turnover €31.3m, 126.8 FTE, total assets €50.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €12.5m (24.7% of total assets)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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 · 10 filings
Deviation from the deadline
2025
40 days late
2024
28 days late
2023
30 days late
2022
30 days late
2021
31 days late
2020
4 days late
2019
14 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 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. RestructuringAppointment: RSM INTERAUDIT (statutory auditor)…
  3. Weakest financial yearnet -€1.8m

Key points

  • Caution: Among the weakest 5% on net resultsector median €41,027 · 4,922 companies -€1.8m View
  • Result fell in 2025branch transferred to BG REAL ESTATE ▼ 1,224% View
  • Controlled by Bourrelier Group SAitself parent of 12 companies parent View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€1.8m View
  • Active since 1972founded 07-07-1972 54 years View

By topic

Financials

Fiscal year
2025
Turnover
€31.3m
Loss
-€1.8m
Solvency
24.7%
Turnover▼ 6.1%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 28-08-2025Annual accounts filed
  2. 30-08-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
13
Legal form
Public limited company
Activity
Retail sale of hardware, building materials, paint and…NACE 47521
Founded
07-07-1972
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.