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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Bagio from Huldenberg, company number BE0750737042, closed financial year 2025 with a result of € 3.5 million after tax. For that financial year Bagio recorded revenue of € 54.5 million and equity of € 12 million. Compared with financial year 2024, the result moved from € 5.7 million to € 3.5 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 12 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 2.4 million
▲ € 2.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 12 million.
People and assets in 2025
1.2
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5,132
▼ 93% vs 2024
€ 4,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 39,853
▲ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43.8 million
▼ 35% vs 2024
€ 26.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 346,868
▲ € 304,605 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 3 days on average.
€ 3.5 million
▲ 55% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 47,008,287 | € 54,498,643 | ▲ 16% |
| Gross margin | € 2,119,722 | € 9,487,501 | - | - | |
| Profit after taxes | € 1,395,602 | € 7,102,296 | € 5,726,064 | € 3,453,185 | ▼ 40% |
| Equity | € 2,000 | € 7,104,296 | € 12,830,360 | € 12,008,123 | ▼ 6% |
| Total debts | € 39,468,387 | € 52,567,898 | € 72,629,307 | € 49,072,709 | ▼ 32% |
| Cash | € 1,315,813 | € 1,136,580 | € 289,969 | € 2,440,712 | ▲ € 2.2 million |
| Retained profit | € 0 | € 7,102,296 | € 12,828,360 | € 12,006,790 | ▼ 6% |
| Dividend | € 1,395,602 | € 0 | € 0 | € 0 | |
| Bank debt | € 30,516,689 | € 45,142,647 | € 67,350,695 | € 43,774,088 | ▼ 35% |
| Balance sheet total | € 39,470,387 | € 59,672,194 | € 85,459,667 | € 61,080,833 | ▼ 29% |
| Employees (FTE) | 0.3 | 0.3 | 1.3 | 1.2 | ▼ 0.1 |
Key figures of Bagio, 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 Bagio?
What happened at Bagio in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.5 million (▼ 40% vs 2024). Source: NBB ↗
- BZA REAL ESTATE BV became a director. NBB
- AZIBI BV became a director. NBB
- VN Consult BV became a director. NBB
- New establishment in Huldenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2022 to € 3.5 million profit in 2025.
Paid € 6.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 7.1 million profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
The stake of BZA REAL ESTATE, AZIBI, VN Consult comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BagioBehind Bagio are BZA REAL ESTATE BV, AZIBI BV and VN Consult BV. The shares are held by BZA REAL ESTATE (42%), AZIBI (42%) and VN Consult (15%). It owns 100% of Anphil BV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Bart Vandergucht
Also active at: NANO S, DIMECO, QL PROPERTY, Bagio Bouwt, Märch Shortstay
since 2025
Director · represented by Elisabeth Landeloos
since 2025
Director · represented by Vagif Nasirov
since 2025
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Nieuwelaan(SAR) 4
3040 Huldenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →NANO S same network
€ 1.4 million gross margin · 2025
DIMECO same network
€ -11,777 gross margin · 2025
AZIBI same network
€ 11,810 gross margin · 2025
Bagio Bouwt same network
€ -6,949 gross margin · 2025
Märch Shortstay same network
€ 33,229 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0750.737.042
- VAT number
- BE 0750.737.042
- Registered office
- Nieuwelaan(SAR) 4, 3040 Huldenberg
- Names & denominations
- Bagio
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2020
- Peppol
- Active · Active since 13 Aug 2024
- Activities · NACE
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