Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BAG from Geel, company number BE0447463869, closed financial year 2025 with a result of € -181,604 after tax. For that financial year BAG recorded a gross margin of € -19,114 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 3,962 to € -181,604. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 1.3 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -181,604
▼ still € 3,962 profit in 2024
Profit after tax over the fiscal year.
€ 40,848
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.2 million.
Debts at end 2025
€ 894,823
▼ 12% vs 2024
€ 119,800 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1,624
▼ 98% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 164,119 | € 78,250 | € 219,862 | € -19,114 | ▼ € 238,976 |
| Profit after taxes | € -23,904 | € -103,444 | € 3,962 | € -181,604 | ▼ € 185,566 |
| Equity | € 1,548,311 | € 1,444,867 | € 1,448,829 | € 1,267,225 | ▼ 13% |
| Total debts | € 3,653,955 | € 2,348,757 | € 1,494,946 | € 1,171,545 | ▼ 22% |
| Cash | € 145,929 | € 93,355 | € 522,992 | € 40,848 | ▼ 92% |
| Land & buildings | € 1,954,353 | € 1,933,502 | € 1,621,320 | € 1,552,716 | ▼ 4% |
| Retained profit | € 1,486,311 | € 1,382,867 | € 1,386,829 | € 1,205,225 | ▼ 13% |
| Bank debt | € 2,871,264 | € 1,748,436 | € 1,011,106 | € 894,823 | ▼ 12% |
| Balance sheet total | € 5,913,254 | € 4,480,874 | € 3,607,287 | € 3,102,282 | ▼ 14% |
Key figures of BAG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BAG?
What happened at BAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 181,604 (▼ € 185,566 vs 2024). filed late Source: NBB ↗
- Griet Boels became a director. NBB
- Belmans Nina became a director. NBB
- Alexander Belmans became a director. NBB
- New establishment in Mol. KBO
- Start of the company according to the CBE. KBO
In short
From € 23,904 loss in 2022 to € 181,604 loss in 2025.
Paid € 67,401 in corporate taxes since 2022.
Best year ever: 2024, with € 3,962 profit.
Management
Behind BAG are Griet Boels, Belmans Nina and Alexander Belmans. It owns Immovak itself.
Directors
According to the 2025 annual accounts
Griet Boels
Director
since 2023
Belmans Nina
Managing director
since 2023
Alexander Belmans
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Wijdbos 25
2440 Geel
Diepestraat 133
2400 Mol
Active since 6 July 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0447.463.869
- VAT number
- BE 0447.463.869
- Registered office
- Wijdbos 25, 2440 Geel
- Names & denominations
- BAG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 1992
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis