BGLF
ActiveSummary
BGLF has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€13,710) and a net result of -€15,710. Its solvency ranks better than 5% of 19,751 sector peers (NACE 86, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-06-2023 Normal situation
- Activity
- Psychology services NACE 86931and 1 other
- Establishment unit
- 2.347.358.626 4845 Jalhay, since 10-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- -€12,421
- Loss
- €15,710
- Equity
- -€13,710
- Total assets
- €11,722
- Negative equity on 31-12-2024
- 2024 accounts filed 92 days after the deadline
Score breakdownraises riskCapped at 59: negative equity1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 1 of the last 3 accounts lateFigures for financial year 2024 (filed on 31-10-2025)Founded in 2023lowers riskSector: Human health activities (NACE 86)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 86, micro). It does better than 1% of them on solvency, 20% on liquidity and 1% on profitability.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its 2024 accounts 92 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 92 days after the deadline Filed on 31 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00557482.
Annual accounts 2024 filed on 31-10-2025 PDF
Amounts without an identifiable currency are taken as euros.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 |
|---|---|
| Tangible fixed assets | €7,921 |
| Depreciation and write-downs of the year | €2,315 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,315 |
| Other operating charges640/8 | €772 |
| Gross operating margin9900 | -€12,421 |
| Operating profit (loss)9901 | -€15,508 |
| Financial charges65/66B | €27 |
| Recurring financial charges65 | €27 |
| Profit (loss) for the period before taxes9903 | -€15,535 |
| Income taxes67/77 | €176 |
| Profit (loss) for the period9904 | -€15,710 |
| Profit (loss) for the period to be appropriated9905 | -€15,710 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €11,722 | |
| Fixed assets21/28 | €5,606 | |
| Tangible fixed assets22/27 | €5,606 | |
| Furniture and vehicles24 | €5,606 | |
| Current assets29/58 | €6,116 | |
| Cash at bank and in hand54/58 | €5,261 | |
| Deferred charges and accrued income490/1 | €856 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €11,722 | |
| Equity10/15 | -€13,710 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | -€15,710 | |
| Amounts payable17/49 | €25,432 | |
| Amounts payable within one year42/48 | €25,432 | |
| Trade debts44 | €5,747 | |
| Suppliers440/4 | €5,747 | |
| Taxes, remuneration and social security45 | €176 | |
| Taxes450/3 | €176 | |
| Other amounts payable47/48 | €19,510 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€15,710 |
| + Depreciation and write-downs630 | €2,315 |
| Operating cash flow (approximation) | -€13,395 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as BGLF has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BGLF itself is lower: 1.4% within 12 months. It rests on far more data about BGLF than the profile alone.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for BGLF. 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-10-2025 | 2025-00557482 |
Board & ownership
Directors
Owners and capital
Shareholders
- LUPINETTI Gianni, Alphonso founder
- FETTWEIS Barbara, Micheline founder
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 26-06-2023 (in French)
Network & group
BGLF shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BGLF. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-06
Gazette deed
IncorporationAppointment: FETTWEIS Barbara, Micheline (director) · Founder · Pre-incorporation commitments6 points ▸
- Incorporation, 21-06-2023
- Founder, LUPINETTI Gianni, Alphonso
- Founder, FETTWEIS Barbara, Micheline
- Director appointment, FETTWEIS Barbara, Micheline (director (not named in the articles))
- Pre-incorporation commitments, “takeover, toutes les activités prises par la société en formation” (deed in French)
- Registered office clause, “4845 Sart-lez-Spa ex Jalhay, Avenue Léonard Legras, 13/A, administrateur” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
14 activities
- Consultations et activités de psychologie (de première ligne ou non) individuelles et collectives en pratique privée à domicile et en institution ;
- Consultations et activités de psychothérapie individuelles et collectives en pratique privée et en institution ; hypnose conversationnelle, pleine conscience et méditation, individuelle ou de groupe ;
- Consultations et activités de sexothérapie individuelles et collectives en pratique privée et en institution ;
- La réalisation d’expertises (entretiens, testings et rédactions d’avis) dans le domaine de la psychologie carcérale et pénale en pratique privée et pour le service public en collaboration avec d’autres experts ou pas ;
- La formation, le conseil et autres prestations dans le domaine de la psychologie et de la psychothérapie et de la sexothérapie, la préparation, l'organisation, et la conduite d'actions de formations professionnelles, de colloques, de séminaires et de conférences ; la réalisation et la publication d’ouvrages ; la réalisation d'études et d'enquêtes ;
- Vente sous toutes ses formes en gros ou au détail de tous produits de l'apiculture et produits dérives de l'apiculture ainsi que tout ce qui se rapporte à la production, au traitement à la transformation et à la distribution de ces produits
- L'activité d'apiculteur (éleveur d'abeilles, de reines, insémination et production de miel gelée royale, cire, pollen et autres produits fabriqués par les abeilles) ;
- Vente de matériel qui contribue au travail de l’apiculteur.
- Destruction de nids de guêpes, de frôlons asiatiques.
- Vente de produits bio et produits de la ruche
- Vente ambulante
- Sourcier, géobiologie, rebouteux, forage
- La location immobilière meublée, l’hébergement en gîtes, la location de stationnement.
- Prestations de nature para-hôtelière consistant en la conclusion de convention d'hébergement accompagnées ou pas de prestations de petit déjeuner, nettoyage régulier des locaux, fourniture du linge, réception de la clientèle et toute autre location, avec ou sans activité de spa, piscine, espace détente, et location de vélos et tous autres services accessoires.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63068B2907/00M028 | Wallonia | 1,992 m² | 1 · 117 m² | 11.0 m · 3 |