ACTIVE

BGF Management

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Financial year 2025 · closed on 31/12/2025

Net result

58,5 k €

-7.1% YoY

Revenue

1,6 M €

0.0% YoY

Equity

203,3 k €

+40.4% YoY

What does BGF Management do?

BGF Management is a Public limited company incorporated in 2019. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0725.850.010

Incorporation

29/04/2019

Legal form

Public limited company

Registered office

Rue du Vieux Marché aux Grains 63
1000 Bruxelles · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2020		2019
Income statement
Revenue	1,6 M €	0.0%	1,6 M €	0.0%	1,6 M €	-0.1%	1,6 M €	+0.3%	1,6 M €	+5.6%	1,5 M €	+151%	587,5 k €
EBITDA	74,4 k €	+0.7%	73,9 k €	+3.0%	71,8 k €	-4.2%	74,9 k €	+1.0%	74,1 k €	+5.1%	70,5 k €	+253%	20,0 k €
Operating result	74,4 k €	+0.7%	73,9 k €	+3.0%	71,8 k €	-4.2%	74,9 k €	+1.0%	74,1 k €	+5.1%	70,5 k €	+253%	20,0 k €
Net result	58,5 k €	-7.1%	62,9 k €	+16.4%	54,0 k €	-3.4%	56,0 k €	+1.2%	55,3 k €	+5.0%	52,7 k €	+278%	13,9 k €
Balance sheet
Equity	203,3 k €	+40.4%	144,9 k €	-56.4%	331,9 k €	+19.4%	277,9 k €	+25.2%	222,0 k €	+33.2%	166,6 k €	+46.2%	113,9 k €
Total assets	207,8 k €	-48.2%	401,4 k €	+18.4%	339,0 k €	+19.5%	283,7 k €	+25.9%	225,4 k €	+32.2%	170,6 k €	+36.4%	125,0 k €
Cash	203,1 k €	-48.3%	393,1 k €	+24.2%	316,4 k €	+18.1%	267,9 k €	+27.2%	210,6 k €	+45.4%	144,9 k €	+45.8%	99,4 k €
Debts	4,3 k €	-98.3%	255,8 k €	+3689%	6,8 k €	+15.7%	5,8 k €	+67.6%	3,5 k €	-11.3%	3,9 k €	-64.5%	11,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 11 ended

Active mandates

Bart Rabaey

Director · since 20 juin 2024 · until 20 juin 2030

Active

Marie Bouillez

Director · since 20 juin 2024 · until 20 juin 2030

Active

Philippe De Vicq De Cumptich

Director · since 20 juin 2024 · until 20 juin 2030

Active

Pierre Demaerel

Chairman of the board of directors · since 20 juin 2024 · until 20 juin 2030

Active

Ended mandates

Bart Rabaey

Director · since 01 janvier 2020 · until 20 avril 2024

Ended

Bart Rabaey

Director · since 01 janvier 2020 · until 20 juin 2024

Ended

Philippe de Vicq de Cumptich

Director · since 01 janvier 2020 · until 20 avril 2024

Ended

Philippe De Vicq De Cumptich

Director · since 01 janvier 2020 · until 20 juin 2024

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	22/06/2026	24/06/2025	26/06/2024	16/06/2023	22/06/2022	01/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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

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Filings

Annual accounts filings

7 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/06/2026	22/06/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	16/06/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	17/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	08/07/2020	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 4 active · 11 ended

Active mandates

Bart Rabaey

Director · since 20 juin 2024 · until 20 juin 2030

Active

Marie Bouillez

Director · since 20 juin 2024 · until 20 juin 2030

Active

Philippe De Vicq De Cumptich

Director · since 20 juin 2024 · until 20 juin 2030

Active

Pierre Demaerel

Chairman of the board of directors · since 20 juin 2024 · until 20 juin 2030

Active

Ended mandates

Bart Rabaey

Director · since 01 janvier 2020 · until 20 avril 2024

Ended

Bart Rabaey

Director · since 01 janvier 2020 · until 20 juin 2024

Ended

Philippe de Vicq de Cumptich

Director · since 01 janvier 2020 · until 20 avril 2024

Ended

Philippe De Vicq De Cumptich

Director · since 01 janvier 2020 · until 20 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2025
Einde mandaat commissaris - Benoeming commissaris
PDF
Mandates30/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/09/2019
DIVERSEN - KAPITAAL - AANDELEN
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 202558,5 k €↓
2024
Annual accounts 202462,9 k €↑
2023
Annual accounts 202354,0 k €↓
2022
Annual accounts 202256,0 k €↑
2021
Annual accounts 202155,3 k €↑
2020
Annual accounts 202052,7 k €↑
2019
Annual accounts 201913,9 k €
29/04/2019
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

BGF Management

Overview

What does BGF Management do?

Trend over 7 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