B.A.G.
0442.337.222 · rovalta.com · 23/09/2026
NORMAL SITUATION
B.A.G.
Financial year 2025 · closed on 31/12/2025
Net result
1,6 M €
+1678.5% YoY
Gross margin
2,3 M €
+753.3% YoY
Equity
2,8 M €
+124.3% YoY
Company — Normal situation.
Overview
What does B.A.G. do?
B.A.G. is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0442.337.222
Legal form
Public limited company
Contributed capital
470 997,70 €
Latest accounts
31/12/2025
Joint committees (1)
- 140
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | 2,3 M € | +753% | 272 k € | -46.1% | 504,7 k € | +0.5% | 502,3 k € | +67.8% | 299,4 k € | -20.4% | 376,3 k € | +14.8% | 327,8 k € | +23.8% | 264,9 k € | -4.5% | 277,5 k € | +24.9% | 222,2 k € | +14.4% | 194,2 k € | +3.8% | 187,1 k € | +5.1% | 177,9 k € | -5.5% | 188,3 k € | -5.4% | 199,1 k € | +56.3% | 127,4 k € | -17.4% | 154,3 k € | -46.1% | 286,3 k € | +25.2% | 228,6 k € | +12.3% | 203,5 k € |
| EBITDA | 2,3 M € | +1230% | 171,3 k € | -48.9% | 334,9 k € | -3.3% | 346,5 k € | +145% | 141,4 k € | -40.3% | 236,6 k € | +37.7% | 171,8 k € | +47.9% | 116,2 k € | -27.9% | 161,1 k € | +103% | 79,5 k € | +58.3% | 50,2 k € | +21.4% | 41,4 k € | +38.9% | 29,8 k € | -17.5% | 36,1 k € | +3.1% | 35 k € | +339% | -14,7 k € | -153% | 27,9 k € | -80.2% | 140,8 k € | +54.7% | 91 k € | +53.6% | 59,2 k € |
| Operating result | 2,3 M € | +2326% | 93,9 k € | -62.2% | 248,2 k € | +3.7% | 239,3 k € | +289% | 61,5 k € | -50.7% | 124,8 k € | +49.7% | 83,4 k € | +176% | 30,2 k € | -65.6% | 87,7 k € | +101% | 43,7 k € | +68.5% | 25,9 k € | -11.7% | 29,3 k € | +67.2% | 17,6 k € | -29.4% | 24,9 k € | +13.0% | 22 k € | +139% | -56,8 k € | -102% | -28,1 k € | -135% | 80,6 k € | +160% | 31 k € | +453% | 5,6 k € |
| Net result | 1,6 M € | +1678% | 87,9 k € | -57.7% | 208,1 k € | +21.7% | 170,9 k € | +215% | 54,3 k € | -31.0% | 78,7 k € | +22.3% | 64,4 k € | +147% | 26,1 k € | -63.6% | 71,5 k € | +77.4% | 40,3 k € | +35.9% | 29,7 k € | -7.0% | 31,9 k € | +48.3% | 21,5 k € | -35.7% | 33,5 k € | -73.4% | 125,7 k € | +338% | -52,7 k € | -134% | -22,5 k € | -126% | 86,9 k € | +125% | 38,6 k € | +205% | 12,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 2,8 M € | +124% | 1,3 M € | -3.9% | 1,3 M € | +8.9% | 1,2 M € | +15.4% | 1 M € | -4.0% | 1,1 M € | +5.5% | 1 M € | +3.3% | 996,5 k € | +2.7% | 970,4 k € | +2.3% | 948,9 k € | -1.0% | 958,6 k € | -4.0% | 998,9 k € | -1.8% | 1 M € | -2.7% | 1 M € | -2.5% | 1,1 M € | +13.3% | 946,4 k € | -5.3% | 999,1 k € | -2.2% | 1 M € | +2.7% | 994,7 k € | -2.1% | 1 M € |
| Total assets | 2,8 M € | +94.0% | 1,5 M € | -9.0% | 1,6 M € | +5.9% | 1,5 M € | +9.5% | 1,4 M € | -2.3% | 1,4 M € | -1.0% | 1,4 M € | +14.1% | 1,3 M € | +7.7% | 1,2 M € | +9.9% | 1,1 M € | -2.2% | 1,1 M € | +0.3% | 1,1 M € | -5.2% | 1,1 M € | -1.1% | 1,2 M € | +3.7% | 1,1 M € | +10.0% | 1 M € | -4.2% | 1,1 M € | -8.0% | 1,1 M € | +1.7% | 1,1 M € | +7.7% | 1 M € |
| Cash | 78,7 k € | -67.0% | 238,7 k € | -37.9% | 384,7 k € | +5.1% | 366 k € | -34.2% | 556,3 k € | +45.7% | 381,8 k € | -12.8% | 437,7 k € | +21.1% | 361,6 k € | -14.8% | 424,5 k € | +28.7% | 329,8 k € | -25.7% | 444,1 k € | +82.9% | 242,8 k € | -20.9% | 307 k € | +0.5% | 305,6 k € | -5.0% | 321,5 k € | +16.0% | 277,1 k € | -38.8% | 452,7 k € | +2.1% | 443,5 k € | +35.4% | 327,4 k € | +23.5% | 265,1 k € |
| Debts | 12 k € | -94.1% | 202,4 k € | -31.6% | 296 k € | -5.6% | 313,5 k € | -8.3% | 341,9 k € | +3.3% | 331 k € | -17.5% | 401,2 k € | +56.3% | 256,7 k € | +32.9% | 193,2 k € | +75.3% | 110,2 k € | -11.3% | 124,2 k € | +53.9% | 80,7 k € | -32.9% | 120,3 k € | +13.7% | 105,8 k € | +174% | 38,6 k € | -38.7% | 62,9 k € | +14.5% | 54,9 k € | -55.6% | 123,8 k € | -6.1% | 131,8 k € | +337% | 30,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | 2,8 ETP | – | – | 3,0 ETP | – | – | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | -14.3% | 3,5 ETP | 0.0% | 3,5 ETP | -2.8% | 3,6 ETP | -5.3% | 3,8 ETP | +18.7% | 3,2 ETP | -3.0% | 3,3 ETP | ||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 23 ended
Active mandates
Ended mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Micro model | Abridged model | Micro model | Micro 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 | 23/02/2026 | 17/02/2025 | 17/07/2024 | 19/07/2023 | 11/07/2022 | 01/07/2021 |
| General meeting | 19/02/2026 | 13/02/2025 | 26/06/2024 | 28/06/2023 | 29/06/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
35 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 19/02/2026 | 23/02/2026 | Dutch | |
| Micro model | 31/12/2024 | 13/02/2025 | 17/02/2025 | Dutch | |
| Abridged model | 31/12/2023 | 26/06/2024 | 17/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 28/06/2023 | 19/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 29/06/2022 | 11/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 01/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 02/09/2020 | 01/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 26/06/2019 | 25/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 27/06/2018 | 20/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 28/06/2017 | 18/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 29/06/2016 | 29/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 24/06/2015 | 03/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 26/06/2013 | 12/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 27/06/2012 | 10/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 29/06/2011 | 15/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 05/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 24/06/2009 | 23/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 25/06/2008 | 08/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 27/06/2007 | 27/09/2007 | Dutch | |
| Abridged model | 31/12/2005 | 28/06/2006 | 03/07/2006 | Dutch | |
| Abridged model | 31/12/2004 | 29/06/2005 | 05/07/2005 | Dutch | |
| Abridged model | 31/12/2003 | 30/06/2004 | 08/07/2004 | Dutch | |
| Abridged model | 31/12/2002 | 25/06/2003 | 03/07/2003 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 23 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,6 M €↑
- 2025Name changeB.A.G.
- 2024Annual accounts 202487,9 k €↓
- 2023Annual accounts 2023208,1 k €↑
- 2022Annual accounts 2022170,9 k €↑
- 2021Annual accounts 202154,3 k €↓
- 2021Name changeBAG
- 2020Annual accounts 202078,7 k €↑
- 2019Annual accounts 201964,4 k €↑
- 2018Annual accounts 201826,1 k €↓
- 2017Annual accounts 201771,5 k €↑
- 2016Annual accounts 201640,3 k €↑
- 2015Annual accounts 201529,7 k €↓
- 2014Annual accounts 201431,9 k €↑
- 2013Annual accounts 201321,5 k €↓
- 2012Annual accounts 201233,5 k €↓
- 2011Annual accounts 2011125,7 k €↑
- 2010Annual accounts 2010-52,7 k €↓
- 2009Annual accounts 2009-22,5 k €↓
- 2008Annual accounts 200886,9 k €↑
- 2007Annual accounts 200738,6 k €↑
- 2006Annual accounts 200612,7 k €