BO PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of BO PROJECT is 5.4% (elevated). The 2024 annual accounts show equity of €74,547 and a net result of €55,626. Equity is growing by ~156.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 5897 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+6
Solvency40▲+8
Growth78=
Track record86
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.1 in 2023; short-term debt: 79.6% and cash: 1.2% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.1%
Return on assets
11.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 5897 sector peers (2024).
NBB · sector comparisonPosition among 5897 sector peers
Solvency
better than 22%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
91 d late
2022
80 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
Equity
€74,547▲ 294%
2023 · €18,922
Total assets
€492,158▲ 73.0%
2023 · €284,410
Net result
€55,626▲ 185%
2023 · €19,540
Working capital
€93,088▲ 283%
2023 · €24,317
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€21,838-€20,920▼ 4.2%€73,740▲ 252%
Net result€15,382within the sector's middle half-€19,540within the sector's middle half▲ 27.0%€55,626above the sector's middle half▲ 185%
Equity€15,382within the sector's middle half-€18,922within the sector's middle half▲ 23.0%€74,547within the sector's middle half▲ 294%
Total assets€235,696within the sector's middle half-€284,410within the sector's middle half▲ 20.7%€492,158above the sector's middle half▲ 73.0%
Debt€220,314-€265,488▲ 20.5%€417,611▲ 57.3%
Working capital€13,614-€24,317▲ 78.6%€93,088▲ 283%
Solvency6.5%below the sector's middle half-6.7%below the sector's middle half▲ 0.1pp15.1%below the sector's middle half▲ 8.5pp
Staff (FTE)1.62.3▲ 43.8%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 252% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €492,158
Fixed assets
€7,167 ▼ 57.3%
Current assets
€484,991 ▲ 81.2%
Equity and liabilities €492,158
Equity
€74,547 ▲ 294%
Debt
€417,611 ▲ 57.3%
Debt's share of the balance-sheet total falls from 93.3% to 84.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83,339▲
2023 · €30,514
Cash flow
€65,225▲
2023 · €29,133
Current ratio
1.24▲
2023 · 1.10
Debt to equity
5.60▼
2023 · 14.03
ROE
74.6%▼
2023 · 103.3%
ROA
11.3%▲
2023 · 6.9%
Interest coverage
48.31▼
2023 · 93.57
Debt ≤ 1 year
€391,904▲
2023 · €243,326
Income taxes
€17,427▲
2023 · €2,873
Staff costs
€83,035▲
2023 · €59,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €25,200 | €59,118 | €83,035 | ▲ 40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,288 | €9,594 | €9,599 | ▲ 0.1% |
| Other operating charges640/8 | €2,428 | €3,395 | €2,724 | ▼ 19.8% |
| Gross operating margin9900 | €52,753 | €93,026 | €169,098 | ▲ 81.8% |
| Operating profit (loss)9901 | €21,838 | €20,920 | €73,740 | ▲ 252% |
| Financial income75/76B | €474 | €1,819 | €1,038 | ▼ 42.9% |
| Recurring financial income75 | €474 | €1,819 | €1,038 | ▼ 42.9% |
| Financial charges65/66B | €193 | €326 | €1,725 | ▲ 429% |
| Recurring financial charges65 | €193 | €326 | €1,725 | ▲ 429% |
| Profit (loss) for the period before taxes9903 | €22,118 | €22,413 | €73,053 | ▲ 226% |
| Income taxes67/77 | €6,737 | €2,873 | €17,427 | ▲ 506% |
| Profit (loss) for the period9904 | €15,382 | €19,540 | €55,626 | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | €15,382 | €19,540 | €55,626 | ▲ 185% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €235,696 | €284,410 | €492,158 | ▲ 73.0% |
| Fixed assets21/28 | €25,154 | €16,767 | €7,167 | ▼ 57.3% |
| Tangible fixed assets22/27 | €25,154 | €16,767 | €7,167 | ▼ 57.3% |
| Furniture and vehicles24 | €25,154 | €16,767 | €7,167 | ▼ 57.3% |
| Current assets29/58 | €210,542 | €267,643 | €484,991 | ▲ 81.2% |
| Amounts receivable after more than one year29 | €47,000 | €7,000 | €75,000 | ▲ 971% |
| Other amounts receivable291 | €47,000 | €7,000 | €75,000 | ▲ 971% |
| Amounts receivable within one year40/41 | €133,297 | €254,728 | €401,965 | ▲ 57.8% |
| Trade receivables40 | €127,966 | €253,253 | €400,125 | ▲ 58.0% |
| Other amounts receivable41 | €5,331 | €1,475 | €1,840 | ▲ 24.7% |
| Cash at bank and in hand54/58 | €29,775 | €4,905 | €5,991 | ▲ 22.1% |
| Deferred charges and accrued income490/1 | €470 | €1,010 | €2,035 | ▲ 101% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €235,696 | €284,410 | €492,158 | ▲ 73.0% |
| Equity10/15 | €15,382 | €18,922 | €74,547 | ▲ 294% |
| Contributions10/11 | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €15,382 | €16,922 | €72,547 | ▲ 329% |
| Amounts payable17/49 | €220,314 | €265,488 | €417,611 | ▲ 57.3% |
| Amounts payable within one year42/48 | €196,928 | €243,326 | €391,904 | ▲ 61.1% |
| Trade debts44 | €186,634 | €201,306 | €325,425 | ▲ 61.7% |
| Suppliers440/4 | €186,634 | €201,306 | €325,425 | ▲ 61.7% |
| Advances received on contracts in progress46 | - | - | €6,914 | - |
| Taxes, remuneration and social security45 | €9,544 | €22,473 | €35,150 | ▲ 56.4% |
| Taxes450/3 | €6,737 | €10,331 | €19,171 | ▲ 85.6% |
| Remuneration and social security454/9 | €2,808 | €12,142 | €15,980 | ▲ 31.6% |
| Other amounts payable47/48 | €749 | €19,547 | €24,415 | ▲ 24.9% |
| Accrued charges and deferred income492/3 | €23,387 | €22,162 | €25,708 | ▲ 16.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,382 | €19,540 | €55,626 | ▲ 185% |
| + Depreciation and write-downs630 | €3,288 | €9,594 | €9,599 | ▲ 0.1% |
| Operating cash flow (approximation) | €18,669 | €29,133 | €65,225 | ▲ 124% |
| Investment in fixed assets (approximation) | - | -€1,206 | €0 | ▲ 100% |
| Change in cash | - | -€24,870 | €1,086 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2022net €55,626 ▲185%
Operating result €73,740, net result €55,626, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
05-07
KBO administration
Address struck
event 05-03-2024
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Anderlecht · 1 establishment unit since 2022
Ground area
8,562 m²
Building footprint
754 m²
Volume, LiDAR
4,860 m³
Parcel 21306D0232/00W000, Brussels · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
BO PROJECT
since 20222.333.417.053
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0232/00W000 | Brussels | 8,562 m² | 1 · 754 m² | 13.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 2,215 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
Founded30-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
43990Other specialised construction activities
Contact
E-mail
bouzya@hotmail.be
Phone
+32485720235
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773318840
Also
9925:BE0773318840
Registered
31-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.