BO - GARDEN
ActiveSummary
BO - GARDEN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €867k and a net result of €41k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency70▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.36 in 2024; short-term debt: 33.3% and cash: 9.3% of total assets), and 54.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
45.3%
Return on assets
2.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
30 d late
2022
32 d late
2021
10 d late
2020
11 d late
2019
67 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€867k▲ 5.0%
2024 · €826k
Total assets
€1.91M▼ 2.7%
2024 · €1.97M
Net result
€41k▲ 9.1%
2024 · €38k
Working capital
€283k▲ 17.9%
2024 · €240k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€79k▲ 248%€68k▼ 14.8%€74k▲ 9.3%€64k▼ 13.5%€58k▼ 9.0%
Net result€56k€41k▼ 26.8%€44k▲ 8.5%€38k▼ 14.6%€41k▲ 9.1%
Equity€704k▲ 8.3%€743k▲ 5.6%€788k▲ 6.0%€826k▲ 4.8%€867k▲ 5.0%
Total assets€1.96M▲ 6.5%€2.03M▲ 3.3%€2.06M▲ 1.5%€1.97M▼ 4.4%€1.91M▼ 2.7%
Debt€1.26M▲ 5.5%€1.29M▲ 2.1%€1.27M▼ 1.0%€1.14M▼ 10.2%€1.05M▼ 8.4%
Working capital€371k▲ 4.8%€267k▼ 28.0%€228k▼ 14.6%€240k▲ 5.2%€283k▲ 17.9%
Staff (FTE)9.8▼ 10.9%9.7▼ 1.0%9.8▲ 1.0%10.8▲ 10.2%10.2▼ 5.6%
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 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€995k ▼ 6.7%
Current assets
€920k ▲ 1.9%
Equity and liabilities €1.91M
Equity
€867k ▲ 5.0%
Debt
€1.05M ▼ 8.4%
Debt's share of the balance-sheet total falls from 58.1% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▼
2024 · €158k
Cash flow
€141k▲
2024 · €133k
Current ratio
1.44▲
2024 · 1.36
Quick ratio
1.11▼
2024 · 1.12
Debt to equity
1.21▼
2024 · 1.38
ROE
4.8%▲
2024 · 4.6%
ROA
2.2%▲
2024 · 1.9%
Interest coverage
17.48▲
2024 · 12.70
Debt ≤ 1 year
€637k▼
2024 · €663k
Debt > 1 year
€410k▼
2024 · €480k
Income taxes
€23k▲
2024 · €22k
Staff costs
€715k▼
2024 · €785k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €618k | €613k | €681k | €785k | €715k | ▼ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91k | €90k | €93k | €95k | €100k | ▲ 5.2% |
| Other operating charges640/8 | €17k | €14k | €11k | €13k | €13k | ▼ 2.9% |
| Gross operating margin9900 | €805k | €785k | €859k | €957k | €886k | ▼ 7.4% |
| Operating profit (loss)9901 | €79k | €68k | €74k | €64k | €58k | ▼ 9.0% |
| Financial income75/76B | €3k | €5k | €6k | €9k | €16k | ▲ 73.0% |
| Recurring financial income75 | €3k | €5k | €6k | €9k | €16k | ▲ 73.0% |
| Financial charges65/66B | €19k | €14k | €12k | €12k | €9k | ▼ 27.7% |
| Recurring financial charges65 | €19k | €14k | €12k | €12k | €9k | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €63k | €59k | €68k | €60k | €65k | ▲ 7.3% |
| Income taxes67/77 | €7k | €18k | €24k | €22k | €23k | ▲ 4.2% |
| Profit (loss) for the period9904 | €56k | €41k | €44k | €38k | €41k | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €56k | €41k | €44k | €38k | €41k | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.96M | €2.03M | €2.06M | €1.97M | €1.91M | ▼ 2.7% |
| Fixed assets21/28 | €1.08M | €1.10M | €1.07M | €1.07M | €995k | ▼ 6.7% |
| Tangible fixed assets22/27 | €1.08M | €1.10M | €1.07M | €1.06M | €994k | ▼ 6.7% |
| Land and buildings22 | €980k | €1.03M | €999k | €945k | €904k | ▼ 4.3% |
| Plant, machinery and equipment23 | €2k | €9k | €12k | €16k | €11k | ▼ 31.1% |
| Furniture and vehicles24 | €46k | €30k | €45k | €102k | €78k | ▼ 23.2% |
| Leasing and similar rights25 | €38k | €27k | €17k | €2k | €0 | ▼ 100% |
| Other tangible fixed assets26 | €12k | €6k | €0 | - | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | €2k | €2k | = |
| Current assets29/58 | €885k | €929k | €986k | €903k | €920k | ▲ 1.9% |
| Amounts receivable after more than one year29 | €116k | €136k | €136k | €136k | €0 | ▼ 100% |
| Other amounts receivable291 | €116k | €136k | €136k | €136k | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €160k | €210k | €206k | €157k | €215k | ▲ 37.0% |
| Stocks30/36 | €160k | €210k | €206k | €157k | €215k | ▲ 37.0% |
| Amounts receivable within one year40/41 | €226k | €283k | €252k | €330k | €476k | ▲ 44.0% |
| Trade receivables40 | €221k | €270k | €215k | €240k | €179k | ▼ 25.4% |
| Other amounts receivable41 | €5k | €13k | €37k | €90k | €297k | ▲ 229% |
| Cash at bank and in hand54/58 | €346k | €260k | €347k | €225k | €178k | ▼ 20.8% |
| Deferred charges and accrued income490/1 | €37k | €40k | €45k | €54k | €50k | ▼ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.96M | €2.03M | €2.06M | €1.97M | €1.91M | ▼ 2.7% |
| Equity10/15 | €704k | €743k | €788k | €826k | €867k | ▲ 5.0% |
| Contributions10/11 | €290k | €290k | €290k | €290k | €290k | = |
| Reserves13 | €414k | €453k | €498k | €536k | €577k | ▲ 7.7% |
| Non-distributable reserves130/1 | €29k | €29k | €29k | €29k | €29k | = |
| Reserves not available under the articles1311 | €29k | €29k | €29k | €29k | €29k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €366k | €406k | €450k | €488k | €530k | ▲ 8.5% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €1.26M | €1.29M | €1.27M | €1.14M | €1.05M | ▼ 8.4% |
| Amounts payable after more than one year17 | €743k | €624k | €515k | €480k | €410k | ▼ 14.5% |
| Financial debts170/4 | €743k | €624k | €515k | €480k | €410k | ▼ 14.5% |
| Amounts payable within one year42/48 | €514k | €662k | €758k | €663k | €637k | ▼ 3.9% |
| Current portion of amounts payable after more than one year42 | €127k | €119k | €109k | €96k | €70k | ▼ 27.5% |
| Financial debts43 | - | - | €5k | €6k | €6k | ▼ 0.5% |
| Credit institutions430/8 | - | - | €5k | €6k | €6k | ▼ 0.5% |
| Trade debts44 | €304k | €174k | €285k | €190k | €245k | ▲ 28.9% |
| Suppliers440/4 | €304k | €174k | €285k | €190k | €245k | ▲ 28.9% |
| Advances received on contracts in progress46 | - | €230k | €230k | €230k | €230k | = |
| Taxes, remuneration and social security45 | €62k | €117k | €106k | €118k | €66k | ▼ 44.0% |
| Taxes450/3 | €26k | €89k | €63k | €72k | €34k | ▼ 53.1% |
| Remuneration and social security454/9 | €36k | €27k | €44k | €46k | €32k | ▼ 29.9% |
| Other amounts payable47/48 | €20k | €23k | €23k | €23k | €20k | ▼ 10.4% |
| Accrued charges and deferred income492/3 | €3k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €41k | €44k | €38k | €41k | ▲ 9.1% |
| + Depreciation and write-downs630 | €91k | €90k | €93k | €95k | €100k | ▲ 5.2% |
| Operating cash flow (approximation) | €147k | €131k | €137k | €133k | €141k | ▲ 6.3% |
| Investment in fixed assets (approximation) | - | €-111k | €-67k | €-86k | €-28k | ▲ 67.1% |
| Change in cash | - | €-86k | €87k | €-122k | €-47k | ▲ 61.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Stekene · 2 establishment units since 2000
Ground area
7,587 m²
Building footprint
561 m²
Volume, LiDAR
1,846 m³
3 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BO-GARDEN
since 20002.097.162.764
BO-GARDEN
since 20152.241.660.102
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46322C1805/00E000 | Flanders | 4,891 m² | 1 · 227 m² | 9.4 m · 1 fl. |
| 46322D1420/00G000 | Flanders | 1,517 m² | 1 · 245 m² | 4.5 m |
| 46011B0174/00T000 | Flanders | 1,180 m² | 1 · 89 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 · 1 entry · 189 EUR awarded · 189 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 189 EUR | 189 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 4,744 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-01-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.