Equity
-€42,258
Debts exceed assets in financial year 2025.
BGMTrans
Lifetime
5 annual accounts with figures on one time axispeak €146,888 (2025)
€146,888▲ 76.6%
lowest -€44,269 (2022)
€11,885▲ 1.3%
peak €2,243 (2021)
-€42,258▲ €11,885
€257,356▲ 47.0%
Board3 names since 2020
2 directorsMustafa Göker and 1 other
Documentsfilings and deeds
24-09-202655 days late
2025micro format
Gross margin from €83,191 to €146,888Company renamed from Bali Logistics to BGMTrans 10-03Equity from -€54,143 to -€42,258Debts from €175,033 to €257,356Investments €107,350Cash from €16,187 to €22,450
Key points
from the 2025 annual accountsDebts
€257,356 120% of the balance sheet
Suppliers 32%Taxes and wages 13%Other 55%
Investments
€102,633 7.6 × depreciation
Green is investment, beige is depreciation.
Staff
8 employees on 31-12-2025
In 2025, 16 people joined and 11 left.
Filings
5 annual accounts 2 late
The 2024 accounts came latest: 57 days after the end of the period.
Position in the sector
-€42,258
Less equity than 93% of companies in postal and courier. Sector median €29,087 · 634 companies.
Checked score
36
Weak
Financially stronger than 38% of micro companies in postal and courier (NACE 53)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.8%
01-2025: 5.9%▲ +0.1 percentage points vs 12-2024
02-2025: 5.9%● unchanged vs 01-2025
03-2025: 5.9%● unchanged vs 02-2025
04-2025: 6.7%▲ +0.8 percentage points vs 03-2025
05-2025: 7.5%▲ +0.8 percentage points vs 04-2025
06-2025: 7.5%● unchanged vs 05-2025
07-2025: 7.5%● unchanged vs 06-2025
08-2025: 8.0%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 5.6%▼ -2.4 percentage points vs 08-2025
10-2025: 5.6%● unchanged vs 09-2025
11-2025: 5.6%● unchanged vs 10-2025
12-2025: 5.3%▼ -0.3 percentage points vs 11-2025
01-2026: 5.2%▼ -0.1 percentage points vs 12-2025
02-2026: 5.1%▼ -0.1 percentage points vs 01-2026
03-2026: 5.0%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 5.0%● unchanged vs 03-2026
05-2026: 5.0%● unchanged vs 04-2026
06-2026: 5.0%● unchanged vs 05-2026
07-2026: 5.1%▲ +0.1 percentage points vs 06-2026
08-2026: 5.8%▲ +0.7 percentage points vs 07-2026
09-2026: 6.0%▲ +0.2 percentage points vs 08-2026
10-2026: 5.7%▼ -0.3 percentage points vs 09-2026
11-2026: 5.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Postal and courier activities (NACE 53)
Last filed accounts filed 55 days late; 2 of the last 3 accounts late
Founded in 2020
Negative equity -€42,258
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 53, micro). It does better than 14% of them on solvency, 17% on liquidity, 56% on profitability and 65% on growth.
The bankruptcy probability was computed on 08-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 2,180 companies had the same profile as BGMTrans has now. Each dot stands for 6 companies, two years later.
88.7%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BGMTrans itself: 5.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,180 companies, not a prediction for BGMTrans. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.39 (0.57 in 2024), below 1. Short-term debt is 119.6% and cash 10.4% of total assets. Equity is negative.
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
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 630 sector peers (2025).
NBB · sector comparisonPosition among 630 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 55 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 5 filingsDeviation from the deadline
2025
55 days late
2024
57 days late
2023
58 days early
2022
34 days early
2021
69 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 10 days before the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% 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. The company usually files around 27 June (4 of the last 5 accounts filed within 89 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758637889
Company renamed from Bali Logistics to BGMTrans
Gazette deed
Registered office moved from Wijnegem to Antwerp
New registered office: Akkerbouwstraat 83, 2170 Antwerpen · Previous registered office: Krommelei 27, 2110 Wijnegem · Resignation: Osan Bali (director) · General meeting of 14-07-2023 · Gazette deed
Registered office moved from Antwerp to Wijnegem
New registered office: Krommelei 27 2110 Wijnegem · Previous registered office: Sint-Bernardsesteenweg 288 2020 Antwerpen · General meeting of 31-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BGMTrans Antwerp | €215,098 | €146,888 | -19.6% | - |
| BILEBS Sint-Pieters-Leeuw | €213,970 | €160,402 | 34.1% | 3 |
| AKAY68 Temse | €182,935 | €119,939 | 87.4% | - |
| MED TRANS Antwerp | €178,894 | €147,069 | 18.3% | - |
| S&C Antwerp | €284,438 | €156,789 | 21.1% | - |
| DAS TRANSPORT Zwijndrecht | €154,075 | €128,866 | 67.7% | - |
| RED EXPRESS Mechelen | €175,694 | €100,621 | 91.8% | - |
These companies have the same main activity as BGMTrans: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €154,000 and €284,000, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 20-11-2020Normal situation
- Activity
- Other postal and courier activitiesNACE 53200
- Joint committee
- 140.03Road transport and logistics for third parties · annual accounts 2025
- Establishment unit
- 2.312.106.4502170 Antwerp, since 20-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 19-10-2025
Annual accounts 2025
- ≈ €370,000estimated
- €215,098▲ 77.9%
- Employeeson 31-12-2025
- 8▲ 167%
- Filing
- Filed on 24-09-2026
Insights on BGMTrans
BGMTrans files the micro format. That format states no turnover. The gross margin rose from €3,107 in 2021 to €146,888 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
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 BGMTrans
- What is the company number of BGMTrans?
- The company number of BGMTrans is 0758.637.889. The VAT number is the same number with BE in front: BE 0758.637.889.
- Where is BGMTrans based?
- The registered office is at Akkerbouwstraat 83, 2170 Antwerp.Company details
- What does BGMTrans do?
- According to the KBO register, the main activity is other postal and courier activities (NACE 53200).
- What is the legal form of BGMTrans?
- BGMTrans is a private limited company (BV).
- When was BGMTrans founded?
- BGMTrans was founded on 20-11-2020.
- Is BGMTrans still active?
- Yes, BGMTrans is an active enterprise in the KBO register.
- How many employees does BGMTrans have?
- BGMTrans had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BGMTrans fall under?
- In its 2025 annual accounts, BGMTrans states joint committee 140.03 (Road transport and logistics for third parties).
- What is the turnover of BGMTrans?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €146,888 and 2,205 comparable companies of the same size. It probably lies between €250,000 and €570,000. It is a rough estimate. In financial year 2023 turnover was €109,653.
- Is BGMTrans profitable?
- In financial year 2025, BGMTrans made a profit of €11,885.
- Where can I find the annual accounts of BGMTrans?
- BGMTrans filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BGMTrans due?
- BGMTrans 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.