Summary
BOGAFI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.2m and a net result of €585,195. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 63% of 5565 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
38 d early
2023
49 d early
2022
5 d early
2021
41 d early
2020
53 d early
2019
35 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 38 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Damme, Finance and insurance sector#2 company by equity in Damme, Finance and insurance sector#2 oldest company in Damme, Finance and insurance sector
Equity
€10.2m▲ 6.0%
2024 · €9.6m
Net result
€585,195
2024 · -€468,412
Total assets
€15.4m▲ 1.1%
2024 · €15.2m
Solvency
66.0%▲ 3.1pp
2024 · 62.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€53,001-€332,915▼ 528%-€278,006▲ 16.5%-€543,906▼ 95.6%€1.0m
Net result-€71,844below the sector's middle half-€5.0mbelow the sector's middle half▼ 6,860%-€355,194below the sector's middle half▲ 92.9%-€468,412below the sector's middle half▼ 31.9%€585,195above the sector's middle half
Equity€14.0mabove the sector's middle half▼ 0.5%€9.0mabove the sector's middle half▼ 35.6%€9.9mabove the sector's middle half▲ 9.9%€9.6mabove the sector's middle half▼ 3.6%€10.2mabove the sector's middle half▲ 6.0%
Total assets€16.0mabove the sector's middle half▼ 16.8%€16.5mabove the sector's middle half▲ 3.0%€15.5mabove the sector's middle half▼ 5.9%€15.2mabove the sector's middle half▼ 1.8%€15.4mabove the sector's middle half▲ 1.1%
Debt€528,847▼ 85.6%€6.1m▲ 1,050%€4.3m▼ 29.2%€4.9m▲ 14.8%€4.4m▼ 10.4%
Working capital€4.3m▼ 50.3%€2.0m▼ 54.2%€1.8m▼ 6.9%€1.3m▼ 27.9%€1.9m▲ 41.3%
Solvency87.7%above the sector's middle half▲ 14.4pp54.9%within the sector's middle half▼ 32.9pp64.0%within the sector's middle half▲ 9.2pp62.9%within the sector's middle half▼ 1.1pp66.0%within the sector's middle half▲ 3.1pp
Staff (FTE)4above the sector's middle half▲ 25.0%4above the sector's middle half=4above the sector's middle half=4above the sector's middle half=3.1above the sector's middle half▼ 22.5%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.0m after a loss of €543,906 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.4m
Fixed assets
€13.1m ▼ 2.7%
Current assets
€2.3m ▲ 28.4%
Equity and liabilities €15.4m
Equity
€10.2m ▲ 6.0%
Provisions
€810,614 ▲ 14.7%
Debt
€4.4m ▼ 10.4%
Debt's share of the balance-sheet total falls from 32.5% to 28.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.8%▲
2024 · -4.9%
ROA
3.8%▲
2024 · -3.1%
Debt ≤ 1 year
€491,829▼
2024 · €514,480
Debt > 1 year
€3.8m▼
2024 · €4.2m
Income taxes
€143,503▼
2024 · €391,666
Staff costs
€197,192▼
2024 · €229,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,086 | €0 | - | €318,117 | €1.3m | ▲ 306% |
| Remuneration, social security and pensions62 | €119,815 | €181,244 | €227,996 | €229,150 | €197,192 | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €107,716 | €821,846 | €740,800 | €1.0m | €703,337 | ▼ 32.9% |
| Other operating charges640/8 | €4,444 | €37,146 | €37,281 | €36,009 | €38,649 | ▲ 7.3% |
| Gross operating margin9900 | €178,973 | €707,321 | €728,071 | €769,550 | €2.0m | ▲ 154% |
| Operating profit (loss)9901 | -€53,001 | -€332,915 | -€278,006 | -€543,906 | €1.0m | ▲ 287% |
| Financial income75/76B | €14,191 | €82,792 | €58,527 | €57,402 | €65,958 | ▲ 14.9% |
| Recurring financial income75 | €14,191 | €82,792 | €58,527 | €57,402 | €65,958 | ▲ 14.9% |
| Financial charges65/66B | €50,553 | €4.8m | €206,581 | €196,225 | €252,245 | ▲ 28.5% |
| Recurring financial charges65 | €50,553 | €4.8m | €206,581 | €196,225 | €206,613 | ▲ 5.3% |
| Non-recurring financial charges66B | - | - | - | - | €45,632 | - |
| Profit (loss) for the period before taxes9903 | -€89,364 | -€5.1m | -€426,060 | -€682,730 | €832,571 | ▲ 222% |
| Transfer from deferred taxes780 | €17,519 | €87,962 | €85,463 | €605,984 | €122,243 | ▼ 79.8% |
| Transfer to deferred taxes680 | €0 | - | - | - | €226,116 | - |
| Income taxes67/77 | €0 | €5,876 | €14,597 | €391,666 | €143,503 | ▼ 63.4% |
| Profit (loss) for the period9904 | -€71,844 | -€5.0m | -€355,194 | -€468,412 | €585,195 | ▲ 225% |
| Transfer from tax-exempt reserves789 | €52,558 | €377,401 | €369,905 | €1.8m | €581,656 | ▼ 67.9% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | €678,348 | - |
| Profit (loss) for the period to be appropriated9905 | -€19,286 | -€4.6m | €14,711 | €1.3m | €488,504 | ▼ 63.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.0m | €16.5m | €15.5m | €15.2m | €15.4m | ▲ 1.1% |
| Fixed assets21/28 | €11.5m | €14.0m | €13.3m | €13.4m | €13.1m | ▼ 2.7% |
| Tangible fixed assets22/27 | €1.9m | €13.9m | €13.2m | €13.3m | €12.1m | ▼ 9.4% |
| Land and buildings22 | €1.7m | €13.7m | €13.1m | €13.2m | €12.0m | ▼ 9.2% |
| Plant, machinery and equipment23 | €6,984 | €25,447 | €28,537 | €17,157 | €0 | ▼ 100% |
| Furniture and vehicles24 | €93 | €107,291 | €85,033 | €62,874 | €42,891 | ▼ 31.8% |
| Assets under construction and advance payments27 | €137,500 | €0 | - | - | - | - |
| Financial fixed assets28 | €9.6m | €100,000 | €100,000 | €100,000 | €1.0m | ▲ 900% |
| Current assets29/58 | €4.5m | €2.5m | €2.2m | €1.8m | €2.3m | ▲ 28.4% |
| Amounts receivable within one year40/41 | €1.5m | €987,667 | €975,317 | €1.2m | €110,444 | ▼ 90.7% |
| Trade receivables40 | €176,569 | €48,000 | €38,000 | €228,162 | €96,000 | ▼ 57.9% |
| Other amounts receivable41 | €1.3m | €939,667 | €937,317 | €958,252 | €14,444 | ▼ 98.5% |
| Current investments50/53 | €2.8m | €1.1m | €1.1m | €377,515 | €1.7m | ▲ 350% |
| Cash at bank and in hand54/58 | €159,064 | €373,219 | €77,240 | €181,013 | €455,529 | ▲ 152% |
| Deferred charges and accrued income490/1 | €17,829 | €58,212 | €77,730 | €80,456 | €78,311 | ▼ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.0m | €16.5m | €15.5m | €15.2m | €15.4m | ▲ 1.1% |
| Equity10/15 | €14.0m | €9.0m | €9.9m | €9.6m | €10.2m | ▲ 6.0% |
| Contributions10/11 | €62,500 | €62,500 | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €62,500 | €62,500 | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | €62,500 | €62,500 | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €8.3m | €7.9m | €8.6m | €8.2m | €8.7m | ▲ 7.2% |
| Non-distributable reserves130/1 | €6,250 | €6,250 | €19,500 | €131,250 | €131,250 | = |
| Legal reserve130 | €6,250 | €6,250 | €19,500 | €131,250 | €131,250 | = |
| Tax-exempt reserves132 | €4.3m | €7.7m | €7.3m | €5.5m | €5.6m | ▲ 1.8% |
| Distributable reserves133 | €3.9m | €164,078 | €1.3m | €2.5m | €3.0m | ▲ 19.5% |
| Profit (loss) carried forward14 | €5.7m | €1.1m | €0 | - | - | - |
| Investment grants15 | - | - | - | €115,004 | €102,900 | ▼ 10.5% |
| Provisions and deferred taxes16 | €1.4m | €1.4m | €1.3m | €706,741 | €810,614 | ▲ 14.7% |
| Deferred taxes168 | €1.4m | €1.4m | €1.3m | €706,741 | €810,614 | ▲ 14.7% |
| Amounts payable17/49 | €528,847 | €6.1m | €4.3m | €4.9m | €4.4m | ▼ 10.4% |
| Amounts payable after more than one year17 | €267,531 | €5.5m | €3.9m | €4.2m | €3.8m | ▼ 9.9% |
| Financial debts170/4 | €267,531 | €5.5m | €3.9m | €4.2m | €1.8m | ▼ 57.0% |
| Other amounts payable178/9 | - | - | - | - | €2.0m | - |
| Amounts payable within one year42/48 | €261,315 | €583,378 | €428,312 | €514,480 | €491,829 | ▼ 4.4% |
| Current portion of amounts payable after more than one year42 | €157,376 | €484,787 | €342,057 | €415,218 | €418,015 | ▲ 0.7% |
| Trade debts44 | €10,431 | €39,464 | €21,480 | €31,902 | €17,255 | ▼ 45.9% |
| Suppliers440/4 | €10,431 | €39,464 | €21,480 | €31,902 | €17,255 | ▼ 45.9% |
| Taxes, remuneration and social security45 | €86,722 | €59,127 | €64,775 | €67,361 | €56,560 | ▼ 16.0% |
| Taxes450/3 | €46,682 | €19,146 | €9,022 | €8,384 | €8,193 | ▼ 2.3% |
| Remuneration and social security454/9 | €40,040 | €39,981 | €55,754 | €58,977 | €48,366 | ▼ 18.0% |
| Other amounts payable47/48 | €6,786 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €27,795 | €0 | €215,059 | €140,750 | ▼ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€71,844 | -€5.0m | -€355,194 | -€468,412 | €585,195 | ▲ 225% |
| + Depreciation and write-downs630 | €107,716 | €821,846 | €740,800 | €1.0m | €703,337 | ▼ 32.9% |
| Operating cash flow (approximation) | €35,871 | -€4.2m | €385,606 | €579,885 | €1.3m | ▲ 122% |
| Investment in fixed assets (approximation) | - | -€3.3m | -€64,919 | -€1.2m | -€346,440 | ▲ 70.9% |
| Change in cash | - | €214,155 | -€295,979 | €103,773 | €274,516 | ▲ 165% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €585,195
Net result €585,195 after 4 loss-making years.
31-12
Financial
Equity above €10mEq €10.2m ▲6%
Equity rises from €9.6m to €10.2m.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€5.0m
Net result drops to -€5.0m, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €4.3m ▲1,194%
Operating result €5.9m, net result €4.3m, both a record.
31-12
Financial
Liquidity times 8current ratio 22.86
Current ratio from 2.92 to 22.86.
31-12
Financial
Equity above €10mEq €14.1m ▲44.2%
3 profitable years in a row build equity to €14.1m.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Damme · 1 establishment unit since 1987
Ground area
4,561 m²
Building footprint
274 m²
Volume, LiDAR
234 m³
Parcel 31019A0258/00D000, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
1 establishment unit
BOGAFI
since 19872.033.953.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0258/00D000 | Flanders | 4,561 m² | 1 · 274 m² | 5.5 m |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of BOGAFI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 5 entries · 210,990 EUR awarded · 163,760 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 3 | 2,377 EUR | 163,760 EUR |
| 2023 | 2 | 208,613 EUR | 0 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 6,017 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-10-1986
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429609634
Also
9925:BE0429609634
Registered
28-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.