Debts
€64,960 80% of the balance sheet
Suppliers 15%Taxes and wages 19%Other 66%
BGH
Lifetime
2 annual accounts with figures on one time axispeak €28,827 (2024)
-€2,526▼ €31,353
lowest -€8,489 (2025)
-€8,489▼ €28,559
peak €25,071 (2024)
€16,582▼ 33.9%
€64,960▲ 8.2%
Board1 name since 2024
1 directorGHEYSEN Baptiste Catherine Edgar
Documentsfilings and deeds
10-10-202671 days late
2025micro format
Gross margin from €28,827 to -€2,526Loss of €8,489Equity from €25,071 to €16,582Cash from €32,404 to €3,498
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
2025 accounts filed 71 days after the deadlineTurnover not published (micro format)
Checked score
47
Fair
Financially stronger than 20% of micro companies in rental and leasing (NACE 77)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,165 companies (NACE 77, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.6%
09-2025: 0.9%▼ -0.7 percentage points vs 08-2025lowest value
10-2025: 0.9%● unchanged vs 09-2025lowest value
11-2025: 1.0%▲ +0.1 percentage points vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.1%▲ +0.1 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.8 percentage points vs 07-2026
09-2026: 2.3%▲ +0.3 percentage points vs 08-2026
10-2026: 3.9%▲ +1.6 percentage points vs 09-2026highest value
11-2026: 3.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Last filed accounts filed 71 days late; 1 of the last 3 accounts late
Size: total assets €81,542
Liquidity: current ratio 0.60, cash €3,498, halved
Calculation
The band follows from the bankruptcy probability. 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 77, micro). It does better than 37% of them on solvency, 13% on liquidity, 14% on profitability and 15% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,207 companies had the same profile as BGH has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BGH itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,207 companies, not a prediction for BGH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.6 (0.66 in 2024), below 1. Short-term debt is 79.7% and cash 4.3% of total assets. 79.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 71 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-10-2026, 71 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
71 days late
2024
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 51 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011599736
Incorporation
Founding capital of €5,000, 100 shares · Founder: GHEYSEN Baptiste Catherine Edgar · Appointment: GHEYSEN Baptiste Catherine Edgar (director) · published on 18-07-2024 · Gazette deed
First establishment
Rue Médart, Forv. 9, Fernelmont
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BGH Fernelmont | €81,542 | -€2,526 | 20.3% | - |
| JABIRU Woluwe-Saint-Lambert | €59,223 | -€58,281 | -28.2% | - |
| Olé Olé Rental Ghent | €47,570 | -€351 | -72.5% | - |
| IMMO KIMIA Enghien | €147,119 | -€29,528 | -19.9% | - |
| M & R EVENTS PARTNERS Binche | €36,284 | -€14,254 | -118.3% | - |
| EUROWHEELZ BELGIUM Mortsel | €49,092 | -€10,792 | -117.1% | - |
| MB&A Ghent | €68,601 | -€3,530 | 32.6% | - |
These companies have the same main activity as BGH: renting and leasing of sports and recreation goods (NACE 77210). They are comparable in size and age: total assets between €36,300 and €147,000, founded between 2021 and 2025.
Official details
Source: KBO- Status
- Active since 16-07-2024Normal situation
- Activity
- Renting and leasing of sports and recreation goodsNACE 77210and 5 others
- Establishment unit
- 2.374.536.8385380 Fernelmont, since 16-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Insights on BGH
The computed 12-month bankruptcy probability of BGH is 3.9% (moderate). The 2025 annual accounts show equity of €16,582 and a net result of -€8,489.
Its solvency ranks better than 40% of 1,848 sector peers (NACE 77, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BGH
- What is the company number of BGH?
- The company number of BGH is 1011.599.736. The VAT number is the same number with BE in front: BE 1011.599.736.
- Where is BGH based?
- The registered office is at Rue Médart, Forv. 9, 5380 Fernelmont.Company details
- What does BGH do?
- According to the KBO register, the main activity is renting and leasing of sports and recreation goods (NACE 77210).
- What is the legal form of BGH?
- BGH is a private limited company (BV).
- When was BGH founded?
- BGH was founded on 16-07-2024.
- Is BGH still active?
- Yes, BGH is an active enterprise in the KBO register.
- What is the turnover of BGH?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BGH profitable?
- In financial year 2025, BGH made a loss of €8,489.
- Where can I find the annual accounts of BGH?
- BGH filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BGH due?
- BGH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.