BO4
ActiveThe computed 12-month bankruptcy probability of BO4 is 1.9% (moderate). The 2025 annual accounts show negative equity (€-237k) and a net result of €100. Equity is shrinking by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 18237 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+13
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.7 in 2024; short-term debt: 139.5% and cash: 2.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
-39.9%
Return on assets
0%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18237 sector peers (2025).
NBB · sector comparisonPosition among 18237 sector peers
Solvency
better than 14%
← weakest
strongest →
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 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
17 d late
2021
30 d early
2020
14 d early
← before the deadline
after the deadline →
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
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-237k=
2024 · €-237k
2020: €-15
2021: €4k
2022: €-97k
2023: €-213k
2024: €-237k
2020 → 2025
Total assets
€593k▼ 1.8%
2024 · €604k
2020: €215k
2021: €328k
2022: €573k
2023: €464k
2024: €604k
2020 → 2025
Net result
€100
2024 · €-24k
2020: €-20k
2021: €4k
2022: €-101k
2023: €-116k
2024: €-24k
2020 → 2025
Working capital
€-241k▲ 2.8%
2024 · €-248k
2020: €-18k
2021: €-25k
2022: €-126k
2023: €-239k
2024: €-248k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€-97k€-213k▼ 119%€-237k▼ 11.4%€-237k=
Operating result€13k-€-94k€-111k▼ 19.1%€-9k▲ 92.2%€20k
Net result€4k-€-101k€-116k▼ 14.6%€-24k▲ 79.1%€100
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €9k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €593k
Fixed assets
€7k▼ 47.5%
Current assets
€586k▼ 0.8%
Key figures and ratios
EBITDA
€26k▲
2024 · €5k
Cash flow
€6k▲
2024 · €-10k
Solvency
-39.9%▼
2024 · -39.2%
Current ratio
0.71▲
2024 · 0.70
Quick ratio
0.10▲
2024 · 0.10
Debt / equity
-3.51▲
2024 · -3.55
ROA
0.0%▲
2024 · -4.0%
Interest coverage
1.25▲
2024 · 0.33
Debt
€830k▼
2024 · €841k
Debt ≤ 1 year
€827k▼
2024 · €839k
Debt > 1 year
€0▼
2024 · €365
Staff costs
€78k▲
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€604k€593k▼
Fixed assets21/28€13k€7k▼
Tangible fixed assets22/27€9k€3k▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€4k€4k=
Current assets29/58€591k€586k▼
Stocks and contracts in progress3€508k€502k▼
Stocks30/36€508k€502k▼
Amounts receivable within one year40/41€77k€70k▼
Trade receivables40€55k€62k▲
Other amounts receivable41€22k€8k▼
Cash at bank and in hand54/58€6k€14k▲
Deferred charges and accrued income490/1€742€764▲
Equity and liabilities
Total equity and liabilities10/49€604k€593k▼
Equity10/15€-237k€-237k=
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-257k€-257k=
Amounts payable17/49€841k€830k▼
Amounts payable after more than one year17€365€0▼
Financial debts170/4€365€0▼
Amounts payable within one year42/48€839k€827k▼
Current portion of amounts payable after more than one year42€13k€2k▼
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€219k€121k▼
Suppliers440/4€219k€121k▼
Advances received on contracts in progress46€18k€32k▲
Taxes, remuneration and social security45€61k€58k▼
Taxes450/3€47k€46k▼
Remuneration and social security454/9€14k€12k▼
Other amounts payable47/48€503k€589k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€70k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€64k
Other operating charges640/8€7k€3k▼
Gross operating margin9900€82k€170k▲
Operating profit (loss)9901€-9k€20k▲
Financial income75/76B€858€952▲
Recurring financial income75€858€952▲
Financial charges65/66B€16k€21k▲
Recurring financial charges65€16k€21k▲
Profit (loss) for the period before taxes9903€-24k€100▲
Income taxes67/77€0-
Profit (loss) for the period9904€-24k€100▲
Profit (loss) for the period to be appropriated9905€-24k€100▲
Appropriation of the result
Profit (loss) to be appropriated9906€-257k€-257k=
Profit (loss) brought forward from the previous period14P€-233k€-257k▼
The notes to these accounts (10 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €100
Net result €100 after 3 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wetteren · 1 establishment unit since 2019
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.
Markt 309230 WetterenGround area
139 m²
Building footprint
139 m²
Volume, LiDAR
1,702 m³
Parcel 42302E0455/00E000, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Gianni Borretti
since 20192.295.527.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0455/00E000 | Flanders | 139 m² | 1 · 139 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Laëtitia PARMENTIER
BE 0642.606.291
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MOLIERE SHOES
BE 0742.635.958
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MATOE
BE 0888.745.375
Leopoldsburg · Eq €3k
PAGES
BE 0438.937.272
Binche · Eq €4k
Barbara Honey & Co
BE 0761.369.628
Soignies · Eq €4k
Of 1,034 companies in sector 47721 we hold annual accounts for 582. 149 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2019
Fiscal year end30-09
Activities, NACEBEL
47721Retail sale of footwear
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.