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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
B.G.F. from Messancy, company number BE0501709338, closed financial year 2026 with a result of € -92,533 after tax. For that financial year B.G.F. recorded a gross margin of € 208,523 and equity of € -256,888. Compared with financial year 2025, the result moved from € -89,052 to € -92,533. 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 October 14, 2026.
€ -256,888
▼ € 92,533 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -92,533
▼ 4 % more loss than in 2025
Profit after tax over the fiscal year.
€ 11,069
▼ 60% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -406,888.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 249,007
▼ 3% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 91,330
▲ 2% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 45,005
▼ 22% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 224,534 | € 182,749 | € 220,422 | € 208,523 | ▼ 5% |
| Profit after taxes | € 24,080 | € -15,025 | € -89,052 | € -92,533 | ▼ € 3,482 |
| Equity | € -60,277 | € -75,302 | € -164,354 | € -256,888 | ▼ € 92,533 |
| Total debts | € 177,428 | € 434,086 | € 493,051 | € 554,330 | ▲ 12% |
| Cash | € 17,149 | € 32,010 | € 27,741 | € 11,069 | ▼ 60% |
| Retained profit | € -210,277 | € -225,302 | € -314,354 | € -406,888 | ▼ € 92,533 |
| Balance sheet total | € 134,558 | € 376,190 | € 346,103 | € 314,848 | ▼ 9% |
Key figures of B.G.F., fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to B.G.F.?
What happened at B.G.F. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 92,533. Source: NBB ↗
- Matthieu CUEGNIET became a director. NBB
- New establishment in Messancy. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,080 profit in 2023 to € 92,533 loss in 2026.
Best year ever: 2023, with € 24,080 profit.
Management
Behind B.G.F. is Matthieu CUEGNIET. It owns 28% of Messancy Gestion itself.
Directors
According to the 2026 annual accounts
Matthieu CUEGNIET
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Rue des Ardennes,Wolkrange 19
6780 Messancy
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0501.709.338
- VAT number
- BE 0501.709.338
- Registered office
- Rue des Ardennes,Wolkrange 19, 6780 Messancy
- Names & denominations
- B.G.F.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2012
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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