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BSGP

Active
Private limited company·Schrijnwerk· 5 yrs active
Spoorweglaan 44 ·8760 Tielt, Belgium
BE 0760.778.720
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Age5 yrs
Staff (FTE)0.2

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BSGP is 1.9% (moderate). The 2025 annual accounts show equity of €185k and a net result of €133k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 2857 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Trust signals

3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€133k+121.3%
Working capital€80k-46.0%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · micro
€0€50k€100k€150k€200kOperating result 2021: €132k€132kNet result 2021: €126k€126kOperating result 2022: €71k€71kNet result 2022: €51k€51kOperating result 2023: €77k€77kNet result 2023: €56k€56kOperating result 2024: €81k€81kNet result 2024: €60k€60kOperating result 2025: €175k€175kNet result 2025: €133k€133k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~23.2%/year over 5 fiscal years, indicative, assuming unchanged policy.
€100k€200k€300k€400k2026: €335k (€320k - €350k)2027: €378k (€363k - €393k)2028: €421k (€406k - €435k)2021: €113k2022: €163k2023: €206k2024: €249k2025: €185k20212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 24.0% 43.4%
better than 29% of 2857 sector peers
Net result €133k €14k
better than 95% of 2856 sector peers
Equity €185k €44k
better than 90% of 2857 sector peers
Gross operating margin €208k €39k
better than 92% of 2854 sector peers
Staff costs €6k €30k
higher than 31% of 923 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€199k
+93.9% far above sector median
Net profit
€133k
+121.3% far above sector median
Cash flow
€156k
+92.1% far above sector median
Total assets
€774k
+46.1% +158% vs sector
Equity
€185k
-25.5% +76% vs sector
Working capital
€80k
-46.0% -49% vs sector
Employees (FTE)
0
-33.3% -97% vs sector
Staff costs
€6k
+125.9% -98% vs sector
Income taxes
€38k
+170.7% far above sector median
Dividends
€180k
+21508.6% far above sector median
Debt
€588k
+109.6% far above sector median
Debt ≤ 1y
€414k
+355.6% far above sector median
Debt > 1y
€174k
-8.3% far above sector median
Current ratio
1.19
-54.7% -71% vs sector
Quick ratio
1.17
-53.8% -71% vs sector
Solvency
24.0%
-49.0% -65% vs sector
Debt / equity
3.17
+181.3% far above sector median
ROE
71.5%
+196.9% far above sector median
ROA
17.1%
+51.4% far above sector median
Interest coverage
24.07
+163.7% +112% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€199k
Net profit€133k
Cash flow€156k
Staff costs€6k
Income taxes€38k
Dividends€180k
Total assets€774k
Equity€185k
Debt€588k
of which ≤ 1y€414k
of which > 1y€174k
Working capital€80k
Employees (FTE)0.2
Ratios (computed)
2025
Current ratio1.19
Quick ratio1.17
Working capital ratio10.4%
Solvency24.0%
Debt / equity3.17
Long-term debt ratio0.94
Interest coverage24.07
Gross margin-
Net margin-
ROA17.1%
ROE71.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€774k
Fixed assets 21/28€279k
Tangible fixed assets 22/27€279k
Current assets 29/58€495k
Stocks & contracts in progress 3€9k
Amounts receivable within one year 40/41€306k
Investments 50/53€73k
Cash & bank 54/58€68k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€774k
Equity 10/15€185k
Contributions / capital 10/11€37k
Reserves 13€148k
Accumulated profits (losses) 14€416
Amounts payable 17/49€588k
Amounts payable after one year 17€174k
Amounts payable within one year 42/48€414k
Trade debts payable within one year 44€173k
Income statement
Gross operating margin 9900€208k
Operating result 9901€175k
Financial income 75€3k
Financial charges 65€8k
Result before taxes 9903€170k
Income taxes 67/77€38k
Net result for the period 9904€133k
Result to be appropriated 9905€133k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
73 / 100 Healthy
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
BSGP
Spoorweglaan 44, 8760 TieltZagen en schaven van hout
since 20212.322.088.443
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area936 m²
Buildings1
Building footprint130 m²
Volume (LiDAR)808 m³
Tallest building9.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37007A0957/00P000 Flanders 936 m² 1 · 130 m² 9.2 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health73Profitability100Solvency39Growth78Stability94
77 / 100

Exceptional profile, strong across almost every axis.

Health 73
Profitability 100
Solvency 39
Growth 78
Stability 94

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Schrijnwerk43320Schrijnwerk43320
Primary activity highlighted.
Names & trade names
Legal nameNL BSGP
Registered office
Spoorweglaan 44
8760 Tielt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.