BGF Management
ActiveSummary
The computed 12-month bankruptcy probability of BGF Management is 3.6% (moderate). The 2024 annual accounts show equity of €145k and a net result of €63k. Equity is growing by ~27.8% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77=
Solvency61▼-39
Growth85=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 49.13 in 2023; short-term debt: 63.7% and cash: 97.9% of total assets), but 63.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
35 d early
2022
45 d early
2021
39 d early
2020
30 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.56M=
2023 · €1.56M
2019: €588k
2020: €1.47M
2021: €1.56M
2022: €1.56M
2023: €1.56M
2019 → 2024
EBIT margin
4.7%▲ 0.1pp
2023 · 4.6%
2019: 3.4%
2020: 4.8%
2021: 4.8%
2022: 4.8%
2023: 4.6%
2019 → 2024
Net result
€63k▲ 16.4%
2023 · €54k
2019: €14k
2020: €53k
2021: €55k
2022: €56k
2023: €54k
2019 → 2024
Working capital
€139k▼ 57.1%
2023 · €325k
2019: €113k
2020: €166k
2021: €212k
2022: €271k
2023: €325k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.47M-€1.56M▲ 5.6%€1.56M▲ 0.3%€1.56M▼ 0.1%€1.56M=
Equity€167k-€222k▲ 33.2%€278k▲ 25.2%€332k▲ 19.4%€145k▼ 56.4%
Operating result€71k-€74k▲ 5.1%€75k▲ 1.0%€72k▼ 4.2%€74k▲ 3.0%
Net result€53k-€55k▲ 5.0%€56k▲ 1.2%€54k▼ 3.4%€63k▲ 16.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €401k
Fixed assets
€6k ▼ 16.1%
Current assets
€395k ▲ 19.2%
Equity and liabilities €401k
Equity
€145k ▼ 56.4%
Debt
€257k ▲ 3,551%
Debt's share of the balance-sheet total rises from 2.1% to 63.9%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.54▼
2023 · 49.13
Debt to equity
1.77▲
2023 · 0.02
ROE
43.4%▲
2023 · 16.3%
ROA
15.7%▼
2023 · 15.9%
Debt ≤ 1 year
€256k▲
2023 · €7k
Income taxes
€21k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€339k€401k▲
Fixed assets21/28€7k€6k▼
Financial fixed assets28€7k€6k▼
Other financial fixed assets284/8€7k€6k▼
Shares284€7k€6k▼
Current assets29/58€332k€395k▲
Amounts receivable within one year40/41€14k-
Trade receivables40€14k-
Cash at bank and in hand54/58€316k€393k▲
Deferred charges and accrued income490/1€913€2k▲
Equity and liabilities
Total equity and liabilities10/49€339k€401k▲
Equity10/15€332k€145k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€222k€35k▼
Amounts payable17/49€7k€257k▲
Amounts payable within one year42/48€7k€256k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48-€250k
Accrued charges and deferred income492/3€274€660▲
Income statement
Code20232024
Operating income70/76A€1.56M€1.56M=
Turnover70€1.56M€1.56M=
Operating charges60/66A€1.49M€1.49M▼
Services and other goods61€1.49M€1.49M▼
Other operating charges640/8€1k€969▼
Operating profit (loss)9901€72k€74k▲
Financial income75/76B€913€10k▲
Recurring financial income75€913€10k▲
Income from current assets751€913€10k▲
Financial charges65/66B€271€302▲
Recurring financial charges65€271€302▲
Other financial charges652/9€271€302▲
Profit (loss) for the period before taxes9903€72k€84k▲
Income taxes67/77€18k€21k▲
Taxes670/3€18k€21k▲
Tax adjustments and reversals of tax provisions77-€33
Profit (loss) for the period9904€54k€63k▲
Profit (loss) for the period to be appropriated9905€54k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€223k€285k▲
Profit (loss) brought forward from the previous period14P€169k€222k▲
Transfer to equity691/2€1k-
To the legal reserve6920€1k-
Profit to be distributed694/7-€250k
Return on contributions (dividend)694-€250k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €63k ▲16.4%
Net result €63k, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €222k ▲33.2%
3 profitable years in a row build equity to €222k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
04-05
State Gazette act
General meeting · Capital increase
Share issue · Capital
2020
31-12
Financial
Liquidity quadruplescurrent ratio 43.20
Current ratio from 11.20 to 43.20; short-term debt falls from €11k to €4k.
31-12
Financial
Equity above €150kEq €167k ▲46.2%
2 profitable years in a row build equity to €167k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-09
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
03-05
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 1 establishment unit since 2019
Ground area
7,758 m²
Building footprint
456 m²
Volume, LiDAR
7,643 m³
Parcel 21811M0705/00H000, Brussels · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 establishment unit
BGF Management
since 20192.294.921.317
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0705/00H000 | Brussels | 7,758 m² | 1 · 456 m² | 19.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-04-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.