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 19 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BG2S from Thimister-Clermont, company number BE0776600212, closed financial year 2025 with a result of € 25,567 after tax. For that financial year BG2S recorded a gross margin of € 82,515 and equity of € -5,540. Compared with financial year 2024, the result moved from € -1,726 to € 25,567. Profitable, and profit is growing. 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 August 29, 2026.
€ -5,540
▲ € 25,567 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,567
▲ still € 1,726 loss in 2024
Profit after tax over the fiscal year.
€ 45,167
▲ € 44,668 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 € -25,540.
Debts at end 2025
€ 4.1 million
€ 369,828 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 448
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,235
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 | € -48,006 | € 13,629 | € -1,219 | € 82,515 | ▲ € 83,734 |
| Profit after taxes | € -50,963 | € 1,582 | € -1,726 | € 25,567 | ▲ € 27,294 |
| Equity | € -30,963 | € -29,382 | € -31,108 | € -5,540 | ▲ € 25,567 |
| Total debts | € 56,082 | € 41,870 | € 32,351 | € 4,432,382 | ▲ € 4.4 million |
| Cash | € 281 | € 10,079 | € 499 | € 45,167 | ▲ € 44,668 |
| Retained profit | € -50,963 | € -49,382 | € -51,108 | € -25,540 | ▲ € 25,567 |
| Bank debt | € 0 | € 0 | € 0 | € 4,149,752 | |
| Balance sheet total | € 25,118 | € 12,489 | € 1,243 | € 4,426,842 | ▲ € 4.4 million |
Key figures of BG2S, 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 BG2S?
What happened at BG2S in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,567. filed late Source: NBB ↗
- Florian BAGUETTE became a director. NBB
- Marcel BAGUETTE became a director. NBB
- New establishment in Thimister-Clermont. KBO
- Start of the company according to the CBE. KBO
- Roger GEHLEN became a director. NBB
In short
From € 50,963 loss in 2022 to € 25,567 profit in 2025.
Best year ever: 2025, with € 25,567 profit.
Management
The stake of GEHLEN IMMO, GEHLEN MANAGEMENT, S.A FIBAMA, SOciété de GEStion et Construction comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BG2SBehind BG2S are Florian BAGUETTE, Roger GEHLEN and Marcel BAGUETTE. The shares are held by GEHLEN IMMO (50%), GEHLEN MANAGEMENT (50%), S.A FIBAMA (50%) and SOciété de GEStion et Construction (32.5%).
Directors
According to the 2025 annual accounts
Florian BAGUETTE
Director
Also active at: TRANSPORTS BAGUETTE, ENTREPRISE MARCEL BAGUETTE, S.A FIBAMA, SA BETON BAGUETTE, PREFAB CONCEPT, M.B. LOC s.a., MJ ROAD BELGIUM
since 2025
Roger GEHLEN
Managing director
Also active at: UNIMMO, ENTREPRISE J. DEFLANDRE & FILS, Unibox Games, ETABLISSEMENTS PAULY - ANDRIANNE, COMBLAIN MOTORS, SA ATELIERS MERSCH, CUISINES ALBERT, IMMO LABORU +12 more
since 2021
Marcel BAGUETTE
Director
Also active at: TRANSPORTS BAGUETTE, ENTREPRISE MARCEL BAGUETTE, ENROBÉS BAGUETTE S.A., S.A FIBAMA, IMMO B & H, SA BETON BAGUETTE, BAELEN REMBLAI, CARRIERE DU BAY-BONNET +5 more
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bruyères 2
4890 Thimister-Clermont
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →TRANSPORTS BAGUETTE same network
€ 2.5 million gross margin · 2025
ENTREPRISE MARCEL BAGUETTE same network
€ 32.6 million revenue · 2025
S.A FIBAMA same network
€ 1.7 million revenue · 2025
BAGUETTE-BODARWE (PMS VERVIERS AUTOROUTES 2017)
Société Simple Momentanée BODARWE-BAGUETTE-AQUAFLUX, Welkenraedt Mitoyenne
+11 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
- 0776.600.212
- VAT number
- BE 0776.600.212
- Registered office
- Bruyères 2, 4890 Thimister-Clermont
- Names & denominations
- BG2S
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2021
- Peppol
- Active · Active since 11 Nov 2025
- Activities · NACE
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