Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
BG TRADE from Ninove, company number BE0433667105, closed financial year 2025 with a result of € -18,672 after tax. For that financial year BG TRADE recorded a gross margin of € -9,377 and equity of € -504,328. Compared with financial year 2024, the result moved from € 390,476 to € -18,672. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 22, 2026.
€ -504,328
▼ € 18,672 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,672
▼ still € 390,476 profit in 2024
Profit after tax over the fiscal year.
€ 1,259
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -566,301.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,934
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -34,025 | € -46,773 | € 416,911 | € -9,377 | ▼ € 426,288 |
| Profit after taxes | € -14,070 | € -70,417 | € 390,476 | € -18,672 | ▼ € 409,148 |
| Equity | € -805,715 | € -876,132 | € -485,656 | € -504,328 | ▼ € 18,672 |
| Total debts | € 1,213,820 | € 1,284,927 | € 908,812 | € 906,700 | |
| Cash | € 2,429 | € 769 | € 21,939 | € 1,259 | ▼ 94% |
| Land & buildings | € 884 | € 0 | - | - | |
| Retained profit | € -867,688 | € -938,105 | € -547,629 | € -566,301 | ▼ € 18,672 |
| Balance sheet total | € 408,105 | € 408,795 | € 423,156 | € 402,372 | ▼ 5% |
Key figures of BG TRADE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BG TRADE?
What happened at BG TRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Berlinde Groeninck stepped down as director. NBB
- Karel De Cock stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 18,672 (▼ € 409,148 vs 2024). Source: NBB ↗
- Berlinde Groeninck became a director. NBB
- Karel De Cock became a director. NBB
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,070 loss in 2022 to € 18,672 loss in 2025.
Best year ever: 2024, with € 390,476 profit.
Management
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Karel De Cock
Managing director
Also active at: Studeco, ALTEBRA, FIRE CONCEPT, DC INVEST, ALTEBRA WAREGEM, Altenova
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Ophemstraat(Voo) 154
9400 Ninove
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.667.105
- VAT number
- BE 0433.667.105
- Registered office
- Ophemstraat(Voo) 154, 9400 Ninove
- Names & denominations
- BG TRADE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1988
- Peppol
- Not registered
- Activities · NACE
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