Summary
BGCOS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €184.3m and a net result of -€9.2m. Its solvency ranks better than 48% of 2413 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 d early
2024
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€184.3m▲ 10.3%
2024 · €167.1m
Net result
-€9.2m▲ 13.8%
2024 · -€10.7m
Total assets
€312.0m▲ 6.4%
2024 · €293.2m
Solvency
59.1%▲ 2.1pp
2024 · 57.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20242025
Operating result-€5.3m-€134,057
Net result-€10.7mbelow the sector's middle half--€9.2mbelow the sector's middle half▲ 13.8%
Equity€167.1mabove the sector's middle half-€184.3mabove the sector's middle half▲ 10.3%
Total assets€293.2mabove the sector's middle half-€312.0mabove the sector's middle half▲ 6.4%
Debt€126.2m-€127.7m▲ 1.2%
Working capital€18.8m-€12.2m▼ 35.0%
Solvency57.0%within the sector's middle half-59.1%within the sector's middle half▲ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €134,057 after a loss of €5.3m in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312.0m
Fixed assets
€297.8m ▲ 8.6%
Current assets
€14.2m ▼ 24.7%
Equity and liabilities €312.0m
Equity
€184.3m ▲ 10.3%
Debt
€127.7m ▲ 1.2%
Debt's share of the balance-sheet total falls from 43.0% to 40.9%. Equity and debt are higher.
Key figures and ratios
ROE
-5.0%▲
2024 · -6.4%
ROA
-3.0%▲
2024 · -3.6%
Debt ≤ 1 year
€2.0m▲
2024 · €94,736
Debt > 1 year
€125.7m▲
2024 · €124.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | - | €1.2m | - |
| Other operating income74 | - | €1.2m | - |
| Operating charges60/66A | €5.3m | €1.1m | ▼ 79.6% |
| Services and other goods61 | €5.3m | €1.1m | ▼ 79.6% |
| Other operating charges640/8 | €399 | €520 | ▲ 30.2% |
| Non-recurring operating charges66A | - | €46 | - |
| Operating profit (loss)9901 | -€5.3m | €134,057 | ▲ 103% |
| Financial income75/76B | €145,578 | €1.2m | ▲ 726% |
| Recurring financial income75 | €145,578 | €1.2m | ▲ 726% |
| Income from current assets751 | €145,576 | €1.2m | ▲ 726% |
| Other financial income752/9 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €5.6m | €10.6m | ▲ 89.4% |
| Recurring financial charges65 | €5.6m | €10.6m | ▲ 89.4% |
| Debt charges650 | €5.6m | €10.6m | ▲ 89.4% |
| Other financial charges652/9 | €221 | €354 | ▲ 60.4% |
| Profit (loss) for the period before taxes9903 | -€10.7m | -€9.2m | ▲ 13.8% |
| Profit (loss) for the period9904 | -€10.7m | -€9.2m | ▲ 13.8% |
| Profit (loss) for the period to be appropriated9905 | -€10.7m | -€9.2m | ▲ 13.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €293.2m | €312.0m | ▲ 6.4% |
| Fixed assets21/28 | €274.4m | €297.8m | ▲ 8.6% |
| Financial fixed assets28 | €274.4m | €297.8m | ▲ 8.6% |
| Affiliated companies280/1 | €274.4m | €297.8m | ▲ 8.6% |
| Participating interests280 | €274.4m | €297.8m | ▲ 8.6% |
| Current assets29/58 | €18.9m | €14.2m | ▼ 24.7% |
| Amounts receivable within one year40/41 | €18.3m | €12.5m | ▼ 31.5% |
| Trade receivables40 | €34,917 | €143,719 | ▲ 312% |
| Other amounts receivable41 | €18.2m | €12.4m | ▼ 32.1% |
| Cash at bank and in hand54/58 | €345 | €15,154 | ▲ 4,287% |
| Deferred charges and accrued income490/1 | €597,563 | €1.7m | ▲ 179% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €293.2m | €312.0m | ▲ 6.4% |
| Equity10/15 | €167.1m | €184.3m | ▲ 10.3% |
| Contributions10/11 | €177.8m | €204.2m | ▲ 14.9% |
| Profit (loss) carried forward14 | -€10.7m | -€19.9m | ▼ 86.2% |
| Amounts payable17/49 | €126.2m | €127.7m | ▲ 1.2% |
| Amounts payable after more than one year17 | €124.0m | €125.7m | ▲ 1.4% |
| Financial debts170/4 | €124.0m | €125.7m | ▲ 1.4% |
| Credit institutions173 | €124.0m | €125.7m | ▲ 1.4% |
| Amounts payable within one year42/48 | €94,736 | €2.0m | ▲ 2,001% |
| Trade debts44 | €94,736 | €223,760 | ▲ 136% |
| Suppliers440/4 | €94,736 | €223,760 | ▲ 136% |
| Taxes, remuneration and social security45 | - | €16,700 | - |
| Remuneration and social security454/9 | - | €16,700 | - |
| Other amounts payable47/48 | - | €1.8m | - |
| Accrued charges and deferred income492/3 | €2.1m | €23,696 | ▼ 98.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€10.7m | -€9.2m | ▲ 13.8% |
| Operating cash flow (approximation) | -€10.7m | -€9.2m | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€23.5m | - |
| Change in cash | - | €14,809 | - |
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
07-09
State Gazette act
General meeting · Merger
Other statement · Accounting effect
07-09
State Gazette act
General meeting · Merger
Shareholding · Declaration
24-08
State Gazette act
General meeting · Merger
Shareholding · Other statement
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-02
State Gazette act
General meeting · Merger
Accounting effect · Dissolution
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
29-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
State Gazette actNBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 2024
Ground area
1.9 ha
Building footprint
1.1 ha
Volume, LiDAR
82,640 m³
Parcel 11807G1695/00D000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BOMA BidCo
since 20242.363.437.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1695/00D000 | Flanders | 1.9 ha | 1 · 1.1 ha | 10.6 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.
Structure & network
Owners and holdings
1 owner · 1 holding · 13 subsidiaries in the treeChain of control
- Brightco
- BGCOS
Highest known parent: Brightco. The sources do not say who stands above it.
Owners 1
- Brightcoparent100%
Holdings 1
-
100%
All subsidiaries, including indirect ones 13
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
BMACON 100%12 subsidiaries
PFS GROUP 99.99%11 subsidiaries
Bieba Consult 100%1 subsidiary
- Produkten BIELEN 100%
- BOMA SASFR 100%
- GREENSPEED BVNL 100%
- SEIFAR 100%
- BOMA LUXEMBOURG SALU 99.99%
- BOMA 99.97%
- GREENSPEED 99%
- BOMA NEDERLAND BVNL 90%
- I-TEAM BENELUX BVNL 80%
- I-TEAM FRANCE SASFR 80%
According to the 2024 annual accounts of BGCOS and those 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
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Recognitions · licences · registrations
Legal Entity Identifier
699400LTD2PZI6FQO582
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 1,239 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
Founded24-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:1010695359
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.