BOGAD
ActiveSummary
The computed 12-month bankruptcy probability of BOGAD is 2.4% (moderate). The 2024 annual accounts show equity of €35,401 and a net result of €7,022. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 9974 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Signals
This company filed its last 3 accounts on average 67 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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- 2024 Total assets -67% on 2023. Cause not known from the registers.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,574 | €28,245 | €31,393 | ▲ 11.1% |
| Other operating charges640/8 | €1,298 | €1,868 | €8,311 | ▲ 345% |
| Gross operating margin9900 | €53,759 | €58,604 | €59,664 | ▲ 1.8% |
| Operating profit (loss)9901 | €32,886 | €28,491 | €19,960 | ▼ 29.9% |
| Financial charges65/66B | €3,103 | €1,971 | €2,381 | ▲ 20.8% |
| Recurring financial charges65 | €3,103 | €1,971 | €2,381 | ▲ 20.8% |
| Profit (loss) for the period before taxes9903 | €29,784 | €26,520 | €17,579 | ▼ 33.7% |
| Income taxes67/77 | €8,268 | €9,657 | €10,557 | ▲ 9.3% |
| Profit (loss) for the period9904 | €21,516 | €16,863 | €7,022 | ▼ 58.4% |
| Profit (loss) for the period to be appropriated9905 | €21,516 | €16,863 | €7,022 | ▼ 58.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €468,936 | €318,565 | €103,836 | ▼ 67.4% |
| Fixed assets21/28 | €63,649 | €38,526 | €10,950 | ▼ 71.6% |
| Tangible fixed assets22/27 | €63,649 | €38,526 | €10,950 | ▼ 71.6% |
| Plant, machinery and equipment23 | - | €1,572 | €1,036 | ▼ 34.1% |
| Furniture and vehicles24 | €63,649 | €36,954 | €9,914 | ▼ 73.2% |
| Current assets29/58 | €405,287 | €280,039 | €92,886 | ▼ 66.8% |
| Stocks and contracts in progress3 | - | €8,000 | - | - |
| Stocks30/36 | - | €8,000 | - | - |
| Amounts receivable within one year40/41 | €397,400 | €261,548 | €62,844 | ▼ 76.0% |
| Trade receivables40 | €379,620 | €239,082 | €59,763 | ▼ 75.0% |
| Other amounts receivable41 | €17,781 | €22,467 | €3,080 | ▼ 86.3% |
| Cash at bank and in hand54/58 | €2,158 | €8,284 | €27,247 | ▲ 229% |
| Deferred charges and accrued income490/1 | €5,729 | €2,207 | €2,795 | ▲ 26.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €468,936 | €318,565 | €103,836 | ▼ 67.4% |
| Equity10/15 | €26,516 | €43,380 | €35,401 | ▼ 18.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | €15,000 | €6,500 | ▼ 56.7% |
| Distributable reserves133 | - | €15,000 | €6,500 | ▼ 56.7% |
| Profit (loss) carried forward14 | €21,516 | €23,380 | €23,901 | ▲ 2.2% |
| Amounts payable17/49 | €442,420 | €275,186 | €68,434 | ▼ 75.1% |
| Amounts payable after more than one year17 | €36,466 | €13,586 | €5,594 | ▼ 58.8% |
| Financial debts170/4 | €36,466 | €13,586 | €5,594 | ▼ 58.8% |
| Amounts payable within one year42/48 | €405,954 | €261,600 | €62,840 | ▼ 76.0% |
| Current portion of amounts payable after more than one year42 | €22,562 | €22,881 | €7,992 | ▼ 65.1% |
| Trade debts44 | €347,580 | €202,416 | €17,135 | ▼ 91.5% |
| Suppliers440/4 | €347,580 | €202,416 | €17,135 | ▼ 91.5% |
| Taxes, remuneration and social security45 | €10,268 | €36,304 | €22,714 | ▼ 37.4% |
| Taxes450/3 | €10,268 | €24,924 | €22,714 | ▼ 8.9% |
| Remuneration and social security454/9 | - | €11,380 | - | - |
| Other amounts payable47/48 | €25,544 | - | €15,000 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,516 | €16,863 | €7,022 | ▼ 58.4% |
| + Depreciation and write-downs630 | €19,574 | €28,245 | €31,393 | ▲ 11.1% |
| Operating cash flow (approximation) | €41,091 | €45,108 | €38,415 | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | -€3,122 | -€3,817 | ▼ 22.2% |
| Change in cash | - | €6,126 | €18,962 | ▲ 210% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0274/00D010 | Flanders | 743 m² | 1 · 154 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.