Belgian Boat Service
ActiveSummary
Belgian Boat Service has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.36M and a net result of €56k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-15
Solvency100▲+29
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.1M at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.81 in 2024; short-term debt: 11.5% and cash: 1.1% of total assets), and 12.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.2%
Return on assets
0.3%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
90 d early
2023
1 d early
2022
2 d late
2021
2 d early
2019
67 d late
2018
48 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€15.36M▲ 567%
2024 · €2.30M
2018: €3.48M
2019: €1.89M
2021: €2.08M
2022: €2.35M
2023: €2.75M
2024: €2.30M
2018 → 2025
Total assets
€17.60M▲ 253%
2024 · €4.99M
2018: €7.97M
2019: €4.32M
2021: €3.33M
2022: €4.61M
2023: €4.50M
2024: €4.99M
2018 → 2025
Net result
€56k▼ 63.3%
2024 · €151k
2018: €10k
2019: €799k
2021: €1.08M
2022: €264k
2023: €404k
2024: €151k
2018 → 2025
Working capital
€2.03M▲ 2.4%
2024 · €1.98M
2018: €5.97M
2019: €1.57M
2021: €1.84M
2022: €2.07M
2023: €2.46M
2024: €1.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.08M-€2.35M▲ 12.7%€2.75M▲ 17.2%€2.30M▼ 16.3%€15.36M▲ 567%
Operating result€1.35M-€426k▼ 68.5%€568k▲ 33.5%€306k▼ 46.2%€172k▼ 43.9%
Net result€1.08M-€264k▼ 75.5%€404k▲ 53.1%€151k▼ 62.6%€56k▼ 63.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.60M
Fixed assets
€13.56M ▲ 2,339%
Current assets
€4.05M ▼ 8.7%
Equity and liabilities €17.60M
Equity
€15.36M ▲ 567%
Provisions
€145k =
Debt
€2.10M ▼ 17.5%
Debt's share of the balance-sheet total falls from 50.9% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€281k▼
2024 · €368k
Cash flow
€165k▼
2024 · €214k
Current ratio
2.01▲
2024 · 1.81
Quick ratio
0.25▼
2024 · 0.41
Debt to equity
0.14▼
2024 · 1.10
ROE
0.4%▼
2024 · 6.6%
ROA
0.3%▼
2024 · 3.0%
Interest coverage
2.86▼
2024 · 4.31
Debt ≤ 1 year
€2.02M▼
2024 · €2.45M
Debt > 1 year
€60k▼
2024 · €91k
Income taxes
€48k▼
2024 · €78k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.99M€17.60M▲
Fixed assets21/28€556k€13.56M▲
Tangible fixed assets22/27€546k€13.56M▲
Land and buildings22€318k€13.31M▲
Plant, machinery and equipment23€150k€135k▼
Furniture and vehicles24€56k€36k▼
Assets under construction and advance payments27€22k€78k▲
Financial fixed assets28€10k€0▼
Current assets29/58€4.44M€4.05M▼
Stocks and contracts in progress3€3.43M€3.54M▲
Stocks30/36€3.43M€3.54M▲
Amounts receivable within one year40/41€216k€309k▲
Trade receivables40€216k€296k▲
Other amounts receivable41€0€13k▲
Cash at bank and in hand54/58€764k€198k▼
Deferred charges and accrued income490/1€26k€4k▼
Equity and liabilities
Total equity and liabilities10/49€4.99M€17.60M▲
Equity10/15€2.30M€15.36M▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Revaluation surpluses12-€13.00M
Reserves13€2.23M€2.28M▲
Non-distributable reserves130/1€100k€100k=
Legal reserve130€100k€100k=
Tax-exempt reserves132€393k€120k▼
Distributable reserves133€1.74M€2.06M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€145k€145k=
Provisions for liabilities and charges160/5€145k€145k=
Pensions and similar obligations160€145k€145k=
Amounts payable17/49€2.54M€2.10M▼
Amounts payable after more than one year17€91k€60k▼
Financial debts170/4€91k€60k▼
Amounts payable within one year42/48€2.45M€2.02M▼
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€381k€461k▲
Suppliers440/4€381k€461k▲
Advances received on contracts in progress46€98k€30k▼
Taxes, remuneration and social security45€39k€30k▼
Taxes450/3€39k€30k▼
Other amounts payable47/48€1.90M€1.47M▼
Accrued charges and deferred income492/3€0€22k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€109k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€58k€-177k▼
Other operating charges640/8€26k€22k▼
Gross operating margin9900€453k€126k▼
Operating profit (loss)9901€306k€172k▼
Financial income75/76B€9k€31k▲
Recurring financial income75€9k€31k▲
Financial charges65/66B€85k€98k▲
Recurring financial charges65€85k€98k▲
Profit (loss) for the period before taxes9903€230k€104k▼
Income taxes67/77€78k€48k▼
Profit (loss) for the period9904€151k€56k▼
Transfer from tax-exempt reserves789€112k€273k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€264k€329k▲
Appropriation of the result
Profit (loss) to be appropriated9906€610k€329k▼
Profit (loss) brought forward from the previous period14P€347k€0▼
Transfer from equity791/2€253k€0▼
Transfer to equity691/2€264k€329k▲
To other reserves6921€264k€329k▲
Profit to be distributed694/7€600k€0▼
Return on contributions (dividend)694€600k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €10MEq €15.36M ▲567%
7 profitable years in a row build equity to €15.36M.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €1.08M ▲35.2%
Operating result €1.35M, net result €1.08M, both a record.
30-09
Financial
Equity above €2MEq €2.08M ▲10.5%
3 profitable years in a row build equity to €2.08M.
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 48 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 413 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 778 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 1143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
26 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nieuwpoort · 1 establishment unit since 1970
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Watersportlaan 128620 NieuwpoortGround area
9,761 m²
Building footprint
4,037 m²
Volume, LiDAR
34,017 m³
2 parcels, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BELGIAN BOAT SERVICE
since 19702.004.738.986
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38016A0012/00Y003 | Flanders | 6,007 m² | 1 · 2,601 m² | 9.4 m · 2 fl. |
| 38016A0012/00K004 | Flanders | 3,754 m² | 1 · 1,436 m² | 17.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 46,598 EUR awarded · 46,598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 18,500 EUR |
| 2023 | 2 | 46,251 EUR | 27,925 EUR |
| 2022 | 1 | 347 EUR | 173 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
SSA SPORTING GOODS
BE 0405.217.894
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DECATHLON BELGIUM
BE 0449.296.278
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Sportsdirect.com Belgium
BE 0416.268.471
Tubize · Eq €28.65M
JD Sports Fashion Belgium
BE 0600.969.933
Antwerpen · Eq €5.90M
EMMERS RUITERSPORT
BE 0478.174.762
Hamont-Achel · Eq €5.46M
Of 1,314 companies in sector 47639 we hold annual accounts for 624. 21 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-09-1970
Fiscal year end30-09
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.