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BRAGO

Active
Private limited companyfounded 1996active for 30 yearsKerkstraat 75, 2940 Stabroek, BelgiumKBO/BCE: BE 0458.162.870
Summary

BRAGO has been active since 1996 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €58,450 and a net result of €19,036. Equity is shrinking by about 18% per year across the filed financial years. Its solvency ranks better than 80% of 11,012 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Real estate agency activities
NACE 68310
6th oldest company in Stabroek, Real estate sector1 site
Size
€80,651total assets 2025
Equity
€58,450
Profit
€19,036
Turnover not published (abbreviated format)
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 18 days early1 of 4 deeds read
Why 97raises risk2 of the last 3 lateEx-officio strike-off in the KBOlowers riskLiquidity: current ratio 4.65, cash €65,694Equity €58,450 (72.5% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 87% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency 97+46
equity 72.5% of total assets
Liquidity 93+2
short-term debt 20.5% · cash 81.5%
Profitability 98+34
return on assets 23.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,566 companies, NACE 68, micro)
Last 24 months 11-2024: 6.8% 12-2024: 8.4%▲ +1.6 percentage points vs 11-2024highest value 01-2025: 8.4%● unchanged vs 12-2024highest value 02-2025: 8.4%● unchanged vs 01-2025highest value 03-2025: 8.4%● unchanged vs 02-2025highest value 04-2025: 8.4%● unchanged vs 03-2025highest value 05-2025: 7.8%▼ -0.6 percentage points vs 04-2025 06-2025: 2.1%▼ -5.7 percentage points vs 05-2025 07-2025: 2.4%▲ +0.3 percentage points vs 06-2025 08-2025: 2.3%▼ -0.1 percentage points vs 07-2025 09-2025: 3.3%▲ +1.0 percentage point vs 08-2025 10-2025: 5.9%▲ +2.6 percentage points vs 09-2025 11-2025: 1.0%▼ -4.9 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 0.9%▼ -0.1 percentage points vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 1.1%▲ +0.2 percentage points vs 04-2026 06-2026: 1.2%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.2 percentage points vs 06-2026 08-2026: 0.1%▼ -1.3 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.65, compared with 3.87 in 2024, above the usual 1.5; short-term debt: 20.5% and cash: 81.5% of total assets), and 27.5% of the assets are financed with debt and provisions.
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 68, micro): better than 79% on solvency, 93% on liquidity and 90% on profitability.

The bankruptcy probability was computed on 14-10-2026 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 riskraises riskneutral
lowers risk · Liquidity: current ratio 4.65, cash €65,694
NBB · annual accounts
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Equity €58,450 (72.5% of total assets)
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
KBO publications
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €58,450
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
167 days late
2023
365 days late
2022
731 days late
2021
943 days late
2020
1308 days late
2019
200 days late
← 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 528 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Late accounts filingStrikeout withdrawn
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Back to profitnet €19,036
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: 6th oldest company in Stabroek, Real estate sectorin the Checked rankings No. 6 View
  • Known shareholdersaccounts at 31-12-2025 100% View
  • Active since 1996founded 05-06-1996 30 years View

By topic

Financials

Financial year
2025
Total assets
€80,651
Profit
€19,036
Solvency
72.5%
Go to Financials

Timeline

Events
34
Since
1998
  1. 13-06-2025Strikeout withdrawn
  2. 30-04-2025Annual accounts filed
  3. 30-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Real estate agency activitiesNACE 68310
Founded
05-06-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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