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BOLGHAD

Active
Private limited company (pre-2019)founded 201412 years activeStalingradlaan 52, 1000 Brussel, BelgiumKBO/BCE: BE 0544.390.625
Summary

The computed 12-month bankruptcy probability of BOLGHAD is 10.1% (high). The 2024 annual accounts show equity of €101,848 and a net result of €99,946. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 26,062 sector peers (NACE 47, fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Retail sale of bread and pastry (bakery outlets)
NACE 47241
1 site
Size
€106,249total assets 2024
Equity
€101,848
Profit
€99,946
Financial health
37 Weak Checked score 2024
Bankruptcy probability, 12 months
10.1%
Structure
Accounts 68 days overdue0 of 7 deeds read
Why 37- 1 change of registered office in 24 months- Figures for FY 2024 (filed 22-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 114 days late; 3 of the last 3 late- Ex-officio strike-off in the KBOShow the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 88% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Strong
Solvency 100+41
equity 95.9% of total assets
Liquidity 57+36
short-term debt 4.1% · cash 5.8%
Profitability 100+100
return on assets 94.1%
Bankruptcy probability, 12 months
10.1% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,155 companies)
Last 24 months 11-2024: 10.6% 12-2024: 11.7%▲ +1.1 percentage points vs 11-2024 01-2025: 14.3%▲ +2.6 percentage points vs 12-2024 02-2025: 24.0%▲ +9.7 percentage points vs 01-2025 03-2025: 24.5%▲ +0.5 percentage points vs 02-2025 04-2025: 23.2%▼ -1.3 percentage points vs 03-2025 05-2025: 23.2%● unchanged vs 04-2025 06-2025: 22.4%▼ -0.8 percentage points vs 05-2025 07-2025: 22.4%● unchanged vs 06-2025 08-2025: ≥ 25%▲ +4.3 percentage points vs 07-2025 09-2025: ≥ 25%● unchanged vs 08-2025 10-2025: ≥ 25%● unchanged vs 09-2025 11-2025: ≥ 25%● unchanged vs 10-2025highest value 12-2025: 8.3%▼ -25.4 percentage points vs 11-2025 01-2026: 8.3%● unchanged vs 12-2025 02-2026: 8.2%▼ -0.1 percentage points vs 01-2026 03-2026: 3.3%▼ -4.9 percentage points vs 02-2026lowest value 04-2026: 3.7%▲ +0.4 percentage points vs 03-2026 05-2026: 4.0%▲ +0.3 percentage points vs 04-2026 06-2026: 3.7%▼ -0.3 percentage points vs 05-2026 07-2026: 3.9%▲ +0.2 percentage points vs 06-2026 08-2026: 4.7%▲ +0.8 percentage points vs 07-2026 09-2026: 5.9%▲ +1.2 percentage points vs 08-2026 10-2026: 10.1%▲ +4.2 percentage points vs 09-2026
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 23.39 against 1.51 in 2023; short-term debt: 4.1% and cash: 5.8% of total assets), and 4.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 92% on solvency, 64% on liquidity, 96% on profitability and 99% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
−lowers risk+raises risk
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 22-11-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 114 days late; 3 of the last 3 late
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €101,848
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-11-2025, 114 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
114 days late
2023
479 days late
2022
112 days late
2021
79 days late
2020
27 days late
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 145 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Address struckDe Wandstraat 6 1020 Die…

Key points

  • Positive: Equity rose in 2024from €1,902 to €101,848 ▲ 5,254% View
  • Positive: Among the best 5% on solvencysector median 32.3% · 26,062 companies 95.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View

By topic

Financials

Fiscal year
2024
Total assets
€106,249
Profit
€99,946
Solvency
95.9%
Turnover▼ 22.4%
Net result
20182020
Go to Financials

Timeline

Events
16
Since
2016
  1. 31-12-2024Back to profit
  2. 31-12-2024Liquidity times 15
  3. 31-12-2024Equity above €100,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Retail sale of bread and pastry (bakery outlets)NACE 47241
Founded
14-01-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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