ACTIVE

Bagio

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Financial year 2025 · Closed on 31/12/2025

Net result3,5 M €-39,7 %over 1 year

Revenue54,5 M €+15,9 %over 1 year

Equity12 M €-6,4 %over 1 year

Workforce1,2 ETP-7,7 %over 1 year

Identity

Source · BCE/KBO

Bagio is a Private limited company incorporated in 2020. Its main activity is: Development of building projects. Its registered office is in Huldenberg. It employs on average 1,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0750.737.042
Incorporation: 16/07/2020
Legal form: Private limited company
Registered office: Nieuwelaan(SAR) 4
3040 Huldenberg · FlandreSee on map
Contributed capital: 1 333,55 €
Latest accounts: 31/12/2025
Average workforce: 1,2 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 5 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	54,5 M €	+15.9%	47 M €		–		–		–
EBITDA	6,7 M €	-22.1%	8,6 M €	-8.9%	9,4 M €	+346%	2,1 M €	+39.8%	1,5 M €
Operating result	7,1 M €	-14.9%	8,3 M €	-9.1%	9,2 M €	+337%	2,1 M €	+39.7%	1,5 M €
Net result	3,5 M €	-39.7%	5,7 M €	-19.4%	7,1 M €	+409%	1,4 M €	+49.8%	931,8 k €
Balance sheet
Equity	12 M €	-6.4%	12,8 M €	+80.6%	7,1 M €	+355115%	2 k €	0.0%	2 k €
Total assets	61,1 M €	-28.5%	85,5 M €	+43.2%	59,7 M €	+51.2%	39,5 M €	+208%	12,8 M €
Cash	2,4 M €	+742%	290 k €	-74.5%	1,1 M €	-13.6%	1,3 M €	+298%	330,3 k €
Debts	49,1 M €	-32.4%	72,6 M €	+38.1%	52,6 M €	+33.2%	39,5 M €	+208%	12,8 M €
Other
Workforce	1,2 ETP	-7.7%	1,3 ETP	+333%	0,3 ETP	0.0%	0,3 ETP		–

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AZIBI0696.814.247Represented by Elisabeth Landeloos	Directorsince 22/01/2025
BZA REAL ESTATE0728.746.152Represented by Bart Vandergucht	Managing directorsince 22/01/2025
VN Consult0762.484.831Represented by Vagif Nasirov	Directorsince 22/01/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart VANDERGUCHT	Director16/07/2020 → 2023 accounts

Other companies at this address

Nieuwelaan(SAR) 4 3040 Huldenberg

Company	CBE no.
AZIBI● Active	0696.814.247
Bagio Bouwt● Active	1012.454.920
Breba● Active	1022.028.721
DIMECO● Active	0440.639.920
Märch Shortstay● Active	1012.628.926
NANO S● Active	0426.880.469

Full financial information

Source · NBB

	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	16/07/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	12 months	12 months	12 months	12 months	18 months
Filing date	16/07/2026	10/06/2025	19/06/2024	31/07/2023	21/06/2022
General meeting	05/06/2026	06/06/2025	06/06/2024	02/06/2023	03/06/2022
Currency of the financial year	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	16/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	21/06/2022	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AZIBI0696.814.247Represented by Elisabeth Landeloos	Directorsince 22/01/2025
BZA REAL ESTATE0728.746.152Represented by Bart Vandergucht	Managing directorsince 22/01/2025
VN Consult0762.484.831Represented by Vagif Nasirov	Directorsince 22/01/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart VANDERGUCHT	Director16/07/2020 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares14/08/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Restructuring19/06/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates31/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other20/07/2020
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings5 filings

Mandates

AZIBI

BZA REAL ESTATE

VN Consult

Bart VANDERGUCHT

2020202120222023202420252026

Bagio

Nieuwelaan(SAR) 4, 3040 Huldenberg

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Nieuwelaan(SAR) 4, 3040 HuldenbergCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00324645

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BagioCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00324645

Events

2025
Annual accounts 20253,5 M €↓
31/07/2025
split
31/07/2025
reduction_capital
06/06/2025
split
22/01/2025
nominationBZA Real Estate BV · bestuurder
22/01/2025
nominationAZIBI BV · bestuurder
22/01/2025
nominationVN Consult BV · bestuurder
2024
Annual accounts 20245,7 M €↓
12/08/2024
nominationVan Havermaet Bedrijfsrevisoren BV · commissaris
2023
Annual accounts 20237,1 M €↑
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021931,8 k €
16/07/2020
IncorporationPrivate limited company

Bagio

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events