BOA CONSTRUCTOR
ActiveSummary
BOA CONSTRUCTOR has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324,228 and a net result of -€2,024. Equity has been growing by about 34% per year since 2018. Its solvency ranks better than 38% of 9,845 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-12-2013 Normal situation
- Activity
- Wholesale of construction materials, general range NACE 46831and 1 other
- Establishment unit
- 2.225.157.531 3020 Herent, since 01-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 20-07-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €120,349
- ▼ 41.6%
- Turnover
- ≈ €620,000
- estimated
- Loss
- €2,024
- Equity
- €324,228
- ▼ 0.6%
- Total assets
- €1.0m
- ▲ 3.4%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
Score breakdownraises riskLoss of €2,024 (financial year 2025)lowers riskFigures for financial year 2025 (filed on 29-07-2026)Founded in 2013Size: 2 FTE, total assets €1.0mShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 41% of them on solvency, 40% on liquidity, 40% on profitability and 38% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 12 filings
Every figure per financial year
The operating result for 2025 is 86% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 2 | 1 |
| full-time | 1 | 1 | 1 | 2 | 1 |
| in full-time equivalents | 1 | 1 | 1 | 2 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 | 1.8 | 1.2 |
| On a permanent contract | 1 | 1 | 1 | 2 | 1 |
| Joined | - | - | - | 1 | - |
| Left | - | - | - | 0 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,105 | €103,521 | €91,836 | €7,856 | €15,547 |
| Depreciation and write-downs of the year | €32,998 | €37,919 | €17,960 | €32,059 | €36,943 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €714 awarded · €714 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €306 | €306 |
| 2022 | 1 | €408 | €408 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,941 | €42,319 | €51,699 | €86,425 | €68,403 | ▼ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €10,250 | €21,928 | €32,998 | €37,919 | €17,960 | €32,059 | €36,943 | ▲ 15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €6,540 | €5,113 | - | - |
| Other operating charges640/8 | - | - | - | €2,452 | €5,884 | €2,575 | €3,829 | €4,180 | ▲ 9.2% |
| Gross operating margin9900 | €42,348 | €45,406 | €120,267 | €167,670 | €129,065 | €184,437 | €206,235 | €120,349 | ▼ 41.6% |
| Operating profit (loss)9901 | €12,474 | €34,723 | €43,746 | €95,279 | €42,942 | €105,663 | €78,808 | €10,823 | ▼ 86.3% |
| Financial income75/76B | - | - | - | €2,659 | €123 | €13,241 | €846 | €894 | ▲ 5.7% |
| Recurring financial income75 | €365 | €951 | €859 | €2,659 | €123 | €13,241 | €846 | €894 | ▲ 5.7% |
| Financial charges65/66B | - | - | - | €6,711 | €9,157 | €17,558 | €12,277 | €11,674 | ▼ 4.9% |
| Recurring financial charges65 | €3,852 | €2,614 | €5,666 | €6,711 | €9,157 | €17,558 | €12,277 | €11,674 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €8,987 | €33,060 | €38,939 | €91,227 | €33,908 | €101,345 | €67,378 | €43 | ▼ 99.9% |
| Income taxes67/77 | €2,662 | €5,196 | €5,392 | €19,000 | €4,427 | €21,600 | €20,166 | €2,067 | ▼ 89.7% |
| Profit (loss) for the period9904 | €6,325 | €27,864 | €33,548 | €72,227 | €29,481 | €79,745 | €47,212 | -€2,024 | - |
| Profit (loss) for the period to be appropriated9905 | €6,325 | €27,864 | €33,548 | €72,227 | €29,481 | €79,745 | €47,212 | -€2,024 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.7m | €0.7m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 3.4% |
| Fixed assets21/28 | €125 | €0.005m | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 5.1% |
| Tangible fixed assets22/27 | - | €0.005m | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 5.1% |
| Land and buildings22 | - | - | - | €0.3m | €0.4m | €0.3m | €0.4m | €0.4m | ▼ 7.8% |
| Plant, machinery and equipment23 | - | - | - | €0.04m | €0.03m | €0.02m | €0.02m | €0.03m | ▲ 51.1% |
| Furniture and vehicles24 | - | - | - | €0.006m | - | - | €0.002m | €0.002m | ▼ 24.1% |
| Assets under construction and advance payments27 | - | - | - | - | €0.07m | €0.2m | - | - | - |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €0.6m | ▲ 9.5% |
| Stocks and contracts in progress3 | €0.1m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.08m | ▼ 45.8% |
| Stocks30/36 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.08m | ▼ 45.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 9.4% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | ▲ 42.8% |
| Other amounts receivable41 | - | - | - | - | - | €0.07m | €0.08m | €0.02m | ▼ 70.8% |
| Current investments50/53 | €0.003m | €0.001m | €0.01m | €0.03m | €0.05m | €0.07m | €0.06m | €0.2m | ▲ 243% |
| Cash at bank and in hand54/58 | €0.002m | €0.02m | €0.02m | €0.02m | €0.01m | €0.08m | €0.09m | €0.05m | ▼ 48.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.002m | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.7m | €0.7m | €0.9m | €0.9m | €1.0m | €1.0m | ▲ 3.4% |
| Equity10/15 | €0.06m | €0.07m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 0.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.03m | €0.05m | €0.08m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 0.8% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 5.3% |
| Amounts payable after more than one year17 | €0.002m | €0.004m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 8.4% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▼ 8.4% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | ▲ 27.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.02m | €0.03m | €0.03m | €0.04m | ▲ 21.5% |
| Trade debts44 | €0.1m | €0.09m | €0.2m | €0.09m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 11.7% |
| Suppliers440/4 | - | - | - | €0.09m | €0.2m | €0.1m | €0.2m | €0.2m | ▲ 11.7% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €0.03m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.04m | €0.06m | €0.06m | €0.07m | ▲ 27.9% |
| Taxes450/3 | - | - | - | €0.05m | €0.03m | €0.04m | €0.04m | €0.07m | ▲ 55.6% |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.009m | €0.01m | €0.01m | €0.006m | ▼ 55.8% |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.05m | - | - | €0.002m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,325 | €27,864 | €33,548 | €72,227 | €29,481 | €79,745 | €47,212 | -€2,024 | - |
| + Depreciation and write-downs630 | - | €10,250 | €21,928 | €32,998 | €37,919 | €17,960 | €32,059 | €36,943 | ▲ 15.2% |
| Operating cash flow (approximation) | €6,325 | €38,114 | €55,476 | €105,225 | €67,400 | €97,705 | €79,271 | €34,918 | ▼ 56.0% |
| Investment in fixed assets (approximation) | - | -€15,501 | -€434,316 | -€6,105 | -€103,521 | -€5,661 | -€7,856 | -€15,547 | ▼ 97.9% |
| Change in cash | - | €14,427 | €49 | -€568 | -€4,035 | €71,340 | €10,940 | -€45,779 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as BOA CONSTRUCTOR has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BOA CONSTRUCTOR itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for BOA CONSTRUCTOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00349923 | |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00326657 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00306549 | |
| 31-12-2022 | abbreviated format | 14-08-2023 | 2023-00327901 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20213596 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42200202 | |
| 31-12-2019 | micro format | 13-07-2020 | 2020-29100135 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-37800556 | |
| 31-12-2017 | micro format | 26-07-2018 | 2018-39500188 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-37300242 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Frank Billet |
|
| Billet & Co CommV |
|
Network & group
BOA CONSTRUCTOR shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BOA CONSTRUCTOR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-04
Gazette deed
Resignation: CommV Billet & Co (director)Permanent representatives: Frank Billet, Johan Jacobs and 5 others · Director discharge13 points ▸
- General meeting, 05-02-2026
- Other provision, 21-12-2021
- Director resignation, CommV Billet & Co (director (not named in the articles))
- Director discharge, CommV Billet & Co (director (not named in the articles))
- Permanent representative, Frank Billet
- Board meeting, “dagelijks bestuur, bestuursorgaan” (deed in Dutch)
- Director resignation, CommV Billet & Co (managing director)
- Permanent representative, Johan Jacobs (managing director)
- Permanent representative, Kris Bollen (managing director)
- Permanent representative, Sylvie van Mol (director)
- Permanent representative, Greet Slegers (director)
- Permanent representative, Koen Rymenants (director)
- The act holds 1 more point.
24-01
Gazette deed
Resignation: Billet Frank (director)Appointment: Billet Frank (director) · Power of attorney · Registered office clause9 points ▸
- Director resignation, Billet Frank (director)
- Director appointment, Billet Frank (director (not named in the articles))
- Other provision, “beroepsverbod, geen beroepsverbod uitgesproken” (deed in Dutch)
- Power of attorney, Kurt GEYSELS
- Registered office clause, “3020 Herent,Brusselsesteenweg 16b” (deed in Dutch)
- General meeting, 18-12-2023
- Amendment of the articles
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Auditor report, 15-12-2023
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24423I0057/00B003 | Flanders | 2,289 m² | 1 · 597 m² | 7.0 m · 2 |