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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMOBILIERE BAGO from Waterloo, company number BE0453275951, closed financial year 2025 with a result of € 49,804 after tax. For that financial year IMMOBILIERE BAGO recorded a gross margin of € 114,192 and equity of € 675,329. Compared with financial year 2024, the result moved from € 247,280 to € 49,804. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 675,329
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 49,804
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 10,420
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30,000 paid out
60 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 35,540
▲ € 30,495 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 509,353
▼ 9% vs 2024
€ 46,389 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 5,420
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 53,533
▲ 45% 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 | € 38,284 | € 67,984 | € 405,965 | € 114,192 | ▼ 72% |
| Profit after taxes | € -27,702 | € -3,487 | € 247,280 | € 49,804 | ▼ 80% |
| Equity | € 527,220 | € 493,245 | € 655,525 | € 675,329 | ▲ 3% |
| Total debts | € 774,467 | € 731,199 | € 702,076 | € 620,029 | ▼ 12% |
| Cash | - | € 0 | € 131,508 | € 10,420 | ▼ 92% |
| Land & buildings | € 1,169,022 | € 1,116,038 | € 1,061,302 | € 1,017,076 | ▼ 4% |
| Retained profit | € 465,197 | € 431,222 | € 648,502 | € 668,306 | ▲ 3% |
| Dividend | € 0 | € 25,000 | € 30,000 | € 30,000 | |
| Bank debt | € 757,094 | € 688,032 | € 559,232 | € 509,353 | ▼ 9% |
| Balance sheet total | € 1,416,721 | € 1,339,805 | € 1,459,397 | € 1,393,530 | ▼ 5% |
Key figures of IMMOBILIERE BAGO, 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 IMMOBILIERE BAGO?
What happened at IMMOBILIERE BAGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Georges SPETEBROOT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 49,804 (▼ 80% vs 2024). filed late Source: NBB ↗
- Georges SPETEBROOT became a director. NBB
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,702 loss in 2022 to € 49,804 profit in 2025.
Paid € 127,636 in corporate taxes since 2022.
Best year ever: 2024, with € 247,280 profit.
Paid out € 85,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Georges SPETEBROOT
Managing director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Avenue de l'Automne 17
1410 Waterloo
Dekenijstraat 9
1180 Ukkel
Active since 24 October 2002
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
- 0453.275.951
- VAT number
- BE 0453.275.951
- Registered office
- Avenue de l'Automne 17, 1410 Waterloo
- Names & denominations
- IMMOBILIERE BAGO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1994
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen