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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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BAGIMMO from Ath, company number BE0867509996, closed financial year 2025 with a result of € 208,785 after tax. For that financial year BAGIMMO recorded a gross margin of € 562,303 and equity of € 448,414. Compared with financial year 2024, the result moved from € 155,980 to € 208,785. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 448,414
▲ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 208,785
▲ 34% vs 2024
Profit after tax over the fiscal year.
€ 64,532
▲ 60% 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 € -126,586.
People and assets in 2025
€ 137,192
▲ 11% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 40,253
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 995,842
▼ 13% vs 2024
€ 145,943 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 74,782
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,422
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 319,248 | € 349,400 | € 487,213 | € 562,303 | ▲ 15% |
| Profit after taxes | € 49,968 | € 50,791 | € 155,980 | € 208,785 | ▲ 34% |
| Equity | € 32,858 | € 83,649 | € 239,629 | € 448,414 | ▲ 87% |
| Total debts | € 1,856,158 | € 1,781,110 | € 1,569,833 | € 1,330,476 | ▼ 15% |
| Cash | € 24,499 | € 23,954 | € 40,370 | € 64,532 | ▲ 60% |
| Land & buildings | € 1,589,275 | € 1,593,619 | € 1,559,801 | € 1,527,038 | ▼ 2% |
| Retained profit | € -542,142 | € -491,351 | € -335,371 | € -126,586 | ▲ € 208,785 |
| Bank debt | € 1,413,559 | € 1,277,581 | € 1,138,372 | € 995,842 | ▼ 13% |
| Balance sheet total | € 1,889,016 | € 1,864,759 | € 1,809,461 | € 1,778,890 | ▼ 2% |
Key figures of BAGIMMO, 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 BAGIMMO?
What happened at BAGIMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JEAN MARC WELLENS stepped down as director. NBB
- LUDOVIC WELLENS stepped down as director. NBB
- LAURE WELLENS stepped down as director. NBB
- FABIENNE VESSIE stepped down as director. NBB
- GUILLAUME WELLENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 208,785 (▲ 34% vs 2024). filed late Source: NBB ↗
- LUDOVIC WELLENS became a director. NBB
- LAURE WELLENS became a director. NBB
In short
From € 49,968 profit in 2022 to € 208,785 profit in 2025.
Best year ever: 2025, with € 208,785 profit.
Management
The stake of HOPE 21 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAGIMMOThe shares are held by HOPE 21 (50%).
Directors
According to the 2025 annual accounts
JEAN MARC WELLENS
Managing director
Also active at: BUREAU D'ARCHITECTURE JEAN-MARC WELLENS, HOPE 21, SNOW GAMES
since 2016 · until 2028
since 2022 · until 2028
since 2022 · until 2028
since 2016 · until 2028
GUILLAUME WELLENS
Director
since 2022 · until 2028
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Bouchain 4
7800 Ath
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0867.509.996
- VAT number
- BE 0867.509.996
- Registered office
- Rue de Bouchain 4, 7800 Ath
- Names & denominations
- BAGIMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2004
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant