BGL CONSULT
ActiveSummary
BGL CONSULT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,895 and a net result of -€3,407. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 80% of 7859 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.09 against 2.03 in 2024; short-term debt: 19.2% and cash: 56.5% of total assets), and 19.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,407
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
22 d early
2023
37 d early
2022
21 d early
2021
37 d early
2020
31 d late
2019
14 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 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€67,895▼ 4.8%
2024 · €71,301
Total assets
€84,050▼ 10.4%
2024 · €93,786
Net result
-€3,407▲ 18.0%
2024 · -€4,155
Working capital
€33,798▲ 46.5%
2024 · €23,064
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,254▼ 86.2%€18,054▲ 1,340%-€2,829-€886▲ 68.7%-€105▲ 88.2%
Net result€413within the sector's middle half▼ 91.7%€9,578within the sector's middle half▲ 2,220%-€5,183below the sector's middle half-€4,155below the sector's middle half▲ 19.8%-€3,407below the sector's middle half▲ 18.0%
Equity€71,061within the sector's middle half▼ 1.1%€80,639within the sector's middle half▲ 13.5%€75,456within the sector's middle half▼ 6.4%€71,301within the sector's middle half▼ 5.5%€67,895within the sector's middle half▼ 4.8%
Total assets€107,479within the sector's middle half▲ 34.3%€106,918within the sector's middle half▼ 0.5%€104,793within the sector's middle half▼ 2.0%€93,786within the sector's middle half▼ 10.5%€84,050within the sector's middle half▼ 10.4%
Debt€36,418▲ 346%€26,279▼ 27.8%€29,337▲ 11.6%€22,484▼ 23.4%€16,155▼ 28.1%
Working capital-€18,421below the sector's middle half€5,188within the sector's middle half€13,433within the sector's middle half▲ 159%€23,064within the sector's middle half▲ 71.7%€33,798within the sector's middle half▲ 46.5%
Solvency66.1%within the sector's middle half▼ 23.7pp75.4%above the sector's middle half▲ 9.3pp72.0%within the sector's middle half▼ 3.4pp76.0%above the sector's middle half▲ 4.0pp80.8%above the sector's middle half▲ 4.8pp
Current ratio0.49below the sector's middle half▼ 4.891.20within the sector's middle half▲ 0.701.46within the sector's middle half▲ 0.262.03within the sector's middle half▲ 0.573.09within the sector's middle half▲ 1.07
Return on assets (ROA)0.4%within the sector's middle half▼ 5.9pp9.0%within the sector's middle half▲ 8.6pp-4.9%below the sector's middle half▼ 13.9pp-4.4%below the sector's middle half▲ 0.5pp-4.1%below the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €105 in 2025 against €886 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,050
Fixed assets
€34,097 ▼ 29.3%
Current assets
€49,953 ▲ 9.7%
Equity and liabilities €84,050
Equity
€67,895 ▼ 4.8%
Debt
€16,155 ▼ 28.1%
Debt's share of the balance-sheet total falls from 24.0% to 19.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,035▼
2024 · €14,333
Cash flow
€10,734▼
2024 · €11,065
Debt to equity
0.24▼
2024 · 0.32
ROE
-5.0%▲
2024 · -5.8%
Interest coverage
106.86▼
2024 · 122.15
Debt ≤ 1 year
€16,155▼
2024 · €22,484
Income taxes
€3,171▲
2024 · €3,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,891 | €14,870 | €14,661 | €15,220 | €14,140 | ▼ 7.1% |
| Other operating charges640/8 | - | €432 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €8,145 | €33,355 | €12,217 | €14,721 | €14,435 | ▼ 1.9% |
| Operating profit (loss)9901 | €1,254 | €18,054 | -€2,829 | -€886 | -€105 | ▲ 88.2% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €45 | €154 | €109 | €117 | €131 | ▲ 11.9% |
| Recurring financial charges65 | €45 | €154 | €109 | €117 | €131 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €1,209 | €17,900 | -€2,938 | -€1,004 | -€236 | ▲ 76.5% |
| Income taxes67/77 | €796 | €8,322 | €2,245 | €3,151 | €3,171 | ▲ 0.6% |
| Profit (loss) for the period9904 | €413 | €9,578 | -€5,183 | -€4,155 | -€3,407 | ▲ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €413 | €9,578 | -€5,183 | -€4,155 | -€3,407 | ▲ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,479 | €106,918 | €104,793 | €93,786 | €84,050 | ▼ 10.4% |
| Fixed assets21/28 | €89,482 | €75,451 | €62,023 | €48,237 | €34,097 | ▼ 29.3% |
| Tangible fixed assets22/27 | €89,482 | €75,451 | €62,023 | €48,237 | €34,097 | ▼ 29.3% |
| Furniture and vehicles24 | €89,482 | €75,451 | €62,023 | €48,237 | €34,097 | ▼ 29.3% |
| Current assets29/58 | €17,997 | €31,467 | €42,770 | €45,548 | €49,953 | ▲ 9.7% |
| Amounts receivable within one year40/41 | €6,068 | €10,890 | €2,755 | €3,604 | €788 | ▼ 78.1% |
| Trade receivables40 | - | €10,890 | €0 | - | €48 | - |
| Other amounts receivable41 | €6,068 | - | €2,755 | €3,604 | €740 | ▼ 79.5% |
| Cash at bank and in hand54/58 | €9,902 | €18,992 | €38,465 | €40,091 | €47,457 | ▲ 18.4% |
| Deferred charges and accrued income490/1 | €2,027 | €1,584 | €1,550 | €1,853 | €1,708 | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,479 | €106,918 | €104,793 | €93,786 | €84,050 | ▼ 10.4% |
| Equity10/15 | €71,061 | €80,639 | €75,456 | €71,301 | €67,895 | ▼ 4.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €64,445 | €73,445 | €73,445 | €73,445 | €73,445 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €62,585 | €71,585 | €71,585 | €71,585 | €71,585 | = |
| Profit (loss) carried forward14 | €416 | €994 | -€4,189 | -€8,344 | -€11,750 | ▼ 40.8% |
| Amounts payable17/49 | €36,418 | €26,279 | €29,337 | €22,484 | €16,155 | ▼ 28.1% |
| Amounts payable within one year42/48 | €36,418 | €26,279 | €29,337 | €22,484 | €16,155 | ▼ 28.1% |
| Financial debts43 | - | - | €888 | €1,027 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €888 | €1,027 | €0 | ▼ 100% |
| Trade debts44 | €4,384 | €935 | €857 | €2,088 | €1,637 | ▼ 21.6% |
| Suppliers440/4 | €4,384 | €935 | €857 | €2,088 | €1,637 | ▼ 21.6% |
| Advances received on contracts in progress46 | - | - | €10,890 | €10,890 | €10,890 | = |
| Taxes, remuneration and social security45 | €202 | €2,207 | €1,543 | €261 | €2,837 | ▲ 985% |
| Taxes450/3 | €202 | €2,207 | €1,543 | €261 | €837 | ▲ 220% |
| Remuneration and social security454/9 | - | - | - | - | €2,000 | - |
| Other amounts payable47/48 | €31,832 | €23,137 | €15,159 | €8,218 | €791 | ▼ 90.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €413 | €9,578 | -€5,183 | -€4,155 | -€3,407 | ▲ 18.0% |
| + Depreciation and write-downs630 | €6,891 | €14,870 | €14,661 | €15,220 | €14,140 | ▼ 7.1% |
| Operating cash flow (approximation) | €7,304 | €24,448 | €9,479 | €11,065 | €10,734 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | -€839 | -€1,233 | -€1,433 | €0 | ▲ 100% |
| Change in cash | - | €9,090 | €19,473 | €1,627 | €7,366 | ▲ 353% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€5,183
Net result drops to -€5,183, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.20
Current ratio from 0.49 to 1.20; short-term debt falls from €36,418 to €26,279.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 7.44
Current ratio from 2.52 to 7.44; short-term debt falls from €12,584 to €4,502.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 2015
Ground area
650 m²
Building footprint
110 m²
Volume, LiDAR
939 m³
Parcel 21332E0032/00N000, Brussels · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BGL CONSULT
since 20152.301.631.044
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332E0032/00N000 | Brussels | 650 m² | 1 · 110 m² | 11.8 m · 3 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 11,204 companies in this sector we hold annual accounts for 3,517. 2,583 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644521349
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.