ACTIVE

BAG DISTRIBUTION SERVICE

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Financial year 2025 · closed on 31/12/2025

Net result

32 k €

+10.2% YoY

Gross margin

49,1 k €

+186.9% YoY

Equity

317 k €

+11.2% YoY

What does BAG DISTRIBUTION SERVICE do?

BAG DISTRIBUTION SERVICE is a Public limited company incorporated in 1986. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in La Louvière.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.161.049

Incorporation

16/12/1986

Legal form

Public limited company

Registered office

Boulevard de la Technicité(H-G) 3
7110 La Louvière · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 51180Passenger air transport

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	49,1 k €	+187%	-56,5 k €	-116%	353,8 k €	+157%	137,8 k €	+32.6%	103,9 k €	-9.5%	114,9 k €	-29.1%	162,1 k €	+16.5%	139,2 k €	-31.4%	202,9 k €	+17.7%	172,4 k €	+10.2%	156,4 k €	+12.3%	139,3 k €	+9.2%	127,6 k €	-6.0%	135,7 k €	+7.2%	126,6 k €	+85.4%	68,3 k €	-50.5%	137,9 k €	+50.9%	91,4 k €	+14.1%	80,1 k €	+34.8%	59,4 k €
EBITDA	48,8 k €	+182%	-59,5 k €	-134%	173,2 k €	+361%	37,6 k €	+5.8%	35,5 k €	-20.5%	44,7 k €	+23.0%	36,3 k €	+101%	18 k €	-58.5%	43,4 k €	+20.3%	36,1 k €	-34.0%	54,7 k €	+3.6%	52,8 k €	-39.1%	86,8 k €	+27.9%	67,9 k €	-14.7%	79,6 k €	+52.1%	52,3 k €	-51.0%	106,8 k €	+20.3%	88,8 k €	+21.3%	73,2 k €	+38.4%	52,9 k €
Operating result	48,8 k €	-17.1%	58,9 k €	+7.6%	54,7 k €	+47.5%	37,1 k €	+5.8%	35,1 k €	-20.7%	44,2 k €	+22.2%	36,2 k €	+111%	17,1 k €	-59.3%	42,1 k €	+31.5%	32 k €	-36.0%	50 k €	+5.0%	47,7 k €	+9.8%	43,4 k €	+1.3%	42,8 k €	-21.4%	54,5 k €	+91.5%	28,5 k €	-65.9%	83,4 k €	+14.3%	72,9 k €	+27.9%	57 k €	+59.7%	35,7 k €
Net result	32 k €	+10.2%	29,1 k €	+37.2%	21,2 k €	+126%	9,4 k €	-55.9%	21,2 k €	-21.2%	26,9 k €	+115%	12,5 k €	+52.6%	8,2 k €	-63.0%	22,2 k €	-9.4%	24,5 k €	-1.8%	25 k €	-0.5%	25,1 k €	+57.2%	16 k €	+172%	-22,2 k €	-461%	-4 k €	-125%	15,8 k €	-62.4%	42,1 k €	+2.8%	41 k €	+35.3%	30,3 k €	+1452%	2 k €
Balance sheet
Equity	317 k €	+11.2%	285 k €	+11.4%	255,9 k €	+9.0%	234,7 k €	+4.2%	225,3 k €	+10.4%	204,1 k €	+15.2%	177,2 k €	+7.6%	164,6 k €	+5.3%	156,4 k €	+16.6%	134,2 k €	+22.4%	109,7 k €	+29.5%	84,7 k €	+42.1%	59,6 k €	+36.6%	43,6 k €	-33.7%	65,9 k €	-5.7%	69,8 k €	+29.3%	54 k €	+29.0%	41,9 k €	+35.5%	30,9 k €	+49.9%	20,6 k €
Total assets	525,9 k €	-21.8%	672,2 k €	-20.1%	841,4 k €	-14.8%	987,1 k €	+15.0%	858,3 k €	+20.5%	712,3 k €	+0.5%	708,9 k €	-17.4%	858,1 k €	+3.3%	830,8 k €	+4.6%	794,3 k €	-13.4%	917,6 k €	+7.6%	852,7 k €	+22.0%	698,9 k €	+16.8%	598,3 k €	-50.1%	1,2 M €	+15.4%	1 M €	+20.9%	860 k €	+5.4%	815,8 k €	+99.9%	408,1 k €	+44.0%	283,5 k €
Cash	89,9 k €	+102%	44,6 k €	-62.1%	117,7 k €	+98.5%	59,3 k €	-50.4%	119,5 k €	+26.8%	94,2 k €	+179%	33,8 k €	-67.6%	104,3 k €	+39.8%	74,6 k €	-12.5%	85,3 k €	-17.3%	103,1 k €	+129%	45,1 k €	+61.3%	28 k €	-36.7%	44,2 k €	-52.6%	93,1 k €	+243%	27,2 k €	+103%	13,4 k €	+16234%	81,8 €	-98.9%	7,2 k €	-30.5%	10,3 k €
Debts	208,9 k €	-46.1%	387,2 k €	-33.9%	585,5 k €	-19.9%	730,9 k €	+15.5%	633 k €	+25.8%	503 k €	-5.4%	531,8 k €	-19.5%	660,6 k €	+4.4%	632,9 k €	-4.1%	660,1 k €	-18.3%	807,9 k €	+10.3%	732,2 k €	+14.5%	639,3 k €	+15.3%	554,6 k €	-51.1%	1,1 M €	+19.6%	948,2 k €	+24.9%	759,1 k €	+0.9%	752,1 k €	+101%	373,8 k €	+42.2%	262,9 k €
Other
Workforce	–		–		–		–		1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	-25.0%	2,8 ETP	+21.7%	2,3 ETP	+15.0%	2,0 ETP	+150%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP	+150%	0,4 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Michel DIENER

Director · since 20 mars 2014 · until 08 mars 2019

Active

Ended mandates

Philippe MINY

Director · since 13 juin 2013

Ended

Lina DURVAUX

Director · since 08 mars 2013 · until 08 mars 2019

Ended

Michel ROZMAN

Managing director · since 08 mars 2013 · until 08 mars 2019

Ended

Lina DURVAUX

Director · since 09 mars 2007 · until 08 mars 2013

Ended

At this address

Other companies at this address

Company	CBE no.
HABEMA● Active	0439.105.934
Maison Jacques Dolisy● Active	0401.531.104
PARTNER LOGISTIC● Active	0402.326.702

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/06/2026	20/05/2025	24/07/2024	31/08/2023	18/08/2022	06/08/2021
General meeting	08/05/2026	10/05/2025	10/03/2024	10/03/2023	11/03/2022	12/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/05/2026	11/06/2026	French	PDF
Micro model	31/12/2024	10/05/2025	20/05/2025	French	PDF
Micro model	31/12/2023	10/03/2024	24/07/2024	French	PDF
Micro model	31/12/2022	10/03/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	11/03/2022	18/08/2022	French	PDF
Abridged model	31/12/2020	12/03/2021	06/08/2021	French	PDF
Abridged model	31/12/2019	13/03/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	08/03/2019	26/04/2019	French	PDF
Abridged model	31/12/2017	09/03/2018	10/04/2018	French	PDF
Abridged model	31/12/2016	10/03/2017	13/04/2017	French	PDF
Abridged model	31/12/2015	11/03/2016	24/03/2016	French	PDF
Abridged model	31/12/2014	13/03/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	14/03/2014	18/03/2014	French	PDF
Abridged model	31/12/2012	08/03/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	09/03/2012	17/08/2012	French	PDF
Abridged model	31/12/2010	11/03/2011	20/04/2011	French	PDF
Abridged model	31/12/2009	12/03/2010	02/04/2010	French	PDF
Abridged model	31/12/2008	13/03/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	14/03/2008	25/07/2008	French	PDF
Abridged model	31/12/2006	09/03/2007	12/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Michel DIENER

Director · since 20 mars 2014 · until 08 mars 2019

Active

Ended mandates

Philippe MINY

Director · since 13 juin 2013

Ended

Lina DURVAUX

Director · since 08 mars 2013 · until 08 mars 2019

Ended

Michel ROZMAN

Managing director · since 08 mars 2013 · until 08 mars 2019

Ended

Lina DURVAUX

Director · since 09 mars 2007 · until 08 mars 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates09/08/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2007
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - DIVERS
PDF
Registered office24/12/2002
SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202532 k €↑
2024
Annual accounts 202429,1 k €↑
2023
Annual accounts 202321,2 k €↑
2022
Annual accounts 20229,4 k €↓
2021
Annual accounts 202121,2 k €↓
2020
Annual accounts 202026,9 k €↑
2019
Annual accounts 201912,5 k €↑
2018
Annual accounts 20188,2 k €↓
2017
Annual accounts 201722,2 k €↓
2016
Annual accounts 201624,5 k €↓
2015
Annual accounts 201525 k €↓
2014
Annual accounts 201425,1 k €↑
2013
Annual accounts 201316 k €↑
2012
Annual accounts 2012-22,2 k €↓
2011
Annual accounts 2011-4 k €↓
2010
Annual accounts 201015,8 k €↓
2009
Annual accounts 200942,1 k €↑
2008
Annual accounts 200841 k €↑
2007
Annual accounts 200730,3 k €↑
2006
Annual accounts 20062 k €
16/12/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BAG DISTRIBUTION SERVICE

Overview

What does BAG DISTRIBUTION SERVICE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline