Equity
BOARD WORK has made a profit without a break since 2010.
In July 2024, 31,356 companies had the same profile as BOARD WORK has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,356 companies, not a prediction for BOARD WORK. 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.
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.
| Company | ||||
|---|---|---|---|---|
| BOARD WORK Merchtem | €62,957 | €7,743 | 96.4% | - |
| OLAGIL Uccle | €89,431 | €8,408 | -51.8% | - |
| CREATIVE VISIONS Leuven | €61,230 | €23,301 | 90.0% | - |
| BLUE CAIN Jette | €43,280 | €18,554 | 82.5% | - |
| TROLL Ixelles | €50,701 | €21,994 | 83.7% | - |
| WALBERT Ixelles | €34,761 | €16,995 | -27.2% | - |
| EURAC & CO Ixelles | €27,230 | €5,157 | 53.5% | - |
These companies have the same main activity as BOARD WORK: media representation (NACE 73120). They are comparable in size and age: total assets between €27,200 and €89,400, founded between 1998 and 2000.
BOARD WORK files the abbreviated format. That format states no turnover. The gross margin rose from €3,985 in 2006 to €7,743 in 2025.
holds all the shares. In October 2023, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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.
Turnover ≈ €44,000. Estimated: probably between €24,000 and €82,000.
Higher than 95% of 1,964 companies in 2025.
Higher than 95% of 1,898 companies in 2025.
Higher than 64% of 1,938 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
62,957 | 65,525 | 54,825 | 50,618 | 44,247 | 40,112 | 33,366 | 27,124 | 26,079 | 64,909 | 54,573 | 49,966 | 57,383 | 27,441 | 45,725 | 40,377 | 41,557 | 65,528 | 58,260 | 54,743 | |
21/28 |
20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,490 | |
22/27 |
20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | |
22 |
20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | 20,193 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 297 | |
29/58 |
42,765 | 45,332 | 34,633 | 30,426 | 24,055 | 19,920 | 13,173 | 6,931 | 5,886 | 44,717 | 34,380 | 29,773 | 37,190 | 7,248 | 25,533 | 20,184 | 21,364 | 45,335 | 38,067 | 34,253 | |
40/41 |
38,601 | 38,241 | 34,633 | 30,426 | 348 | - | 62 | 113 | - | 29,000 | 29,000 | 29,003 | 29,003 | 1,909 | 8,034 | 6,336 | 3,927 | 3,761 | 26,990 | 19,325 | |
40 |
575 | 214 | 21 | - | - | - | - | - | - | - | - | - | - | 1,823 | 8,014 | 6,278 | 3,569 | 3,569 | 3,569 | 19,180 | |
41 |
38,026 | 38,026 | 34,612 | 30,426 | 348 | - | 62 | 113 | - | 29,000 | 29,000 | 29,003 | 29,003 | 86 | 20 | 58 | 358 | 192 | 23,421 | 145 | |
54/58 |
4,163 | 1,739 | - | - | 23,707 | 19,920 | 13,111 | 6,818 | 5,886 | 15,717 | 5,380 | 765 | 8,182 | 5,339 | 17,499 | 13,848 | 17,437 | 41,574 | 11,077 | 14,928 | |
490/1 |
- | 5,352 | - | - | - | - | - | - | - | - | - | 5 | 5 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
62,957 | 65,525 | 54,825 | 50,618 | 44,247 | 40,112 | 33,366 | 27,124 | 26,079 | 64,909 | 54,573 | 49,966 | 57,383 | 27,441 | 45,725 | 40,377 | 41,557 | 65,528 | 58,260 | 54,743 | |
10/15 |
60,684 | 55,365 | 49,506 | 45,393 | 40,328 | 35,915 | 31,391 | 26,962 | 22,712 | 16,542 | 6,205 | 1,247 | 49 | -3,790 | -6,619 | -11,940 | -14,549 | 9,764 | 4,066 | 2,432 | |
10/11 |
33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | |
10 |
33,466 | 33,466 | 33,466 | 33,466 | 33,466 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | 33,466 | |
13 |
3,347 | 3,347 | 3,347 | 474 | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
3,347 | 3,347 | 3,347 | 474 | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
3,347 | 3,347 | 3,347 | 474 | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
23,871 | 18,553 | 12,693 | 11,453 | 6,642 | 2,450 | -2,075 | -6,504 | -10,754 | -16,924 | -27,261 | -32,219 | -33,417 | -37,256 | -40,084 | -45,405 | -48,015 | -23,702 | -29,400 | -31,034 | |
17/49 |
2,274 | 10,160 | 5,320 | 5,225 | 3,919 | 4,197 | 1,975 | 162 | 3,368 | 48,368 | 48,368 | 48,719 | 57,334 | 31,231 | 52,344 | 52,316 | 56,106 | 55,764 | 54,194 | 52,311 | |
42/48 |
2,274 | 9,773 | 4,935 | 4,878 | 3,919 | 4,197 | 1,975 | 162 | 3,368 | 48,368 | 48,368 | 48,718 | 57,333 | 31,231 | 52,344 | 52,316 | 56,106 | 55,764 | 54,194 | 52,311 | |
44 |
338 | - | - | - | 19 | 575 | - | 162 | - | - | - | 350 | - | 80 | 2,119 | - | 342 | - | 250 | 3,944 | |
440/4 |
338 | - | - | - | 19 | 575 | - | 162 | - | - | - | 350 | - | 80 | 2,119 | - | 342 | - | 250 | 3,944 | |
45 |
1,936 | 3,692 | 1,497 | 3,450 | 3,253 | 3,622 | 1,975 | - | - | - | - | - | - | - | 1,857 | 192 | - | - | - | - | |
450/3 |
1,936 | 3,692 | 1,497 | 3,450 | 3,253 | 3,622 | 1,975 | - | - | - | - | - | - | - | 1,857 | 192 | - | - | - | - | |
47/48 |
- | 6,081 | 3,438 | 1,428 | 647 | - | - | - | 3,368 | 48,368 | 48,368 | 48,368 | 57,333 | 31,151 | 48,368 | 52,125 | 55,764 | 55,764 | 53,944 | 48,367 | |
492/3 |
- | 387 | 384 | 348 | - | - | - | - | - | - | - | 1 | 1 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
7,743 | 8,485 | 6,003 | 7,366 | 6,703 | 6,768 | 6,958 | 6,084 | 6,616 | 10,768 | 5,375 | 1,643 | 4,341 | 3,295 | 5,821 | 3,018 | 5,179 | 6,070 | 3,972 | 3,985 | |
640/8 |
400 | 387 | 394 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 423 | 453 | 29,489 | 346 | 2,298 | 347 | |
9901 |
7,344 | 8,097 | 5,610 | 7,018 | 6,355 | 6,421 | 6,610 | 5,737 | 6,269 | 10,421 | 5,027 | 1,296 | 3,993 | 2,948 | 5,398 | 2,566 | -24,310 | 5,725 | 1,674 | 3,638 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 8 | 5 | 15 | 33 | 35 | 97 | 51 | 24 | 12 | - | |
75 |
- | - | - | - | - | - | - | - | - | - | 8 | 5 | 15 | 33 | 35 | 97 | 51 | 24 | 12 | - | |
65/66B |
89 | 44 | - | 110 | 336 | 250 | 155 | 100 | 99 | 84 | 77 | 102 | 169 | 152 | 113 | 53 | 54 | 50 | 50 | 116 | |
65 |
89 | 44 | - | 110 | 336 | 250 | 155 | 100 | 99 | 84 | 77 | 102 | 169 | 152 | 113 | 53 | 54 | 50 | 50 | 116 | |
9903 |
7,255 | 8,054 | 5,610 | 6,909 | 6,019 | 6,171 | 6,455 | 5,637 | 6,170 | 10,337 | 4,958 | 1,199 | 3,839 | 2,829 | 5,321 | 2,610 | -24,313 | 5,698 | 1,636 | 3,522 | |
67/77 |
1,936 | 2,195 | 1,497 | 1,844 | 1,606 | 1,647 | 2,026 | 1,387 | - | - | - | 1 | - | - | - | - | - | - | 2 | - | |
9904 |
5,319 | 5,859 | 4,113 | 5,065 | 4,413 | 4,524 | 4,429 | 4,250 | 6,170 | 10,337 | 4,958 | 1,197 | 3,839 | 2,829 | 5,321 | 2,610 | -24,313 | 5,698 | 1,634 | 3,522 | |
9905 |
5,319 | 5,859 | 4,113 | 5,065 | 4,413 | 4,524 | 4,429 | 4,250 | 6,170 | 10,337 | 4,958 | 1,197 | 3,839 | 2,829 | 5,321 | 2,610 | -24,313 | 5,698 | 1,634 | 3,522 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
23,871 | 18,553 | 15,566 | 11,707 | 6,862 | 2,450 | -2,075 | -6,504 | -10,754 | -16,924 | -27,261 | -32,219 | -33,417 | -37,256 | -40,084 | -45,405 | -48,015 | -23,702 | -29,400 | -31,034 | |
14P |
18,553 | 12,693 | 11,453 | 6,642 | 2,450 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 2,873 | 253 | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | 2,873 | 253 | 221 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494957.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00494957 | |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00425565 | |
| 31-12-2023 | abbreviated format | 02-08-2024 | 2024-00324056 | |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00323329 | |
| 31-12-2021 | abbreviated format | 11-06-2022 | 2022-20057609 | |
| 31-12-2020 | abbreviated format | 22-06-2021 | 2021-23100023 | |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-28400325 | |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-38500426 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-53700478 | |
| 31-12-2016 | abbreviated format | 16-08-2017 | 2017-44200344 | |
| 31-12-2015 | abbreviated format | 13-06-2016 | 2016-17300308 | |
| 31-12-2014 | abbreviated format | 05-06-2015 | 2015-15500245 | |
| 31-12-2013 | abbreviated format | 25-08-2014 | 2014-46400318 | |
| 31-12-2012 | abbreviated format | 22-08-2013 | 2013-45000297 | |
| 31-12-2011 | abbreviated format | 08-08-2012 | 2012-39500320 | |
| 31-12-2010 | abbreviated format | 16-08-2011 | 2011-40400540 | |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-47600089 | |
| 31-12-2008 | abbreviated format | 07-08-2009 | 2009-55300117 | |
| 31-12-2007 | abbreviated format | 26-08-2008 | 2008-62600297 | |
| 31-12-2006 | abbreviated format | 16-08-2007 | 2007-57000008 | |
| 31-12-2005 | full format | 31-07-2006 | 2006-58202361 | |
| 31-12-2004 | abbreviated format | 22-09-2005 | 2005-69704880 | |
| 31-12-2003 | abbreviated format | 10-08-2004 | 2004-59104269 | |
| 31-12-2002 | abbreviated format | 28-07-2003 | 2003-51800276 | |
| 31-12-2001 | abbreviated format | 10-10-2002 | 2002-64801875 | |
| 31-12-2000 | abbreviated format | 14-09-2001 | 2001-56301612 | |
| 31-12-1999 | abbreviated format | 30-06-2000 | 2000-31700045 | |
| 31-12-1998 | abbreviated format | 13-08-1999 | 1999-40803692 | |
| 31-12-1997 | abbreviated format | 01-09-1998 | 1998-44900548 | |
| 31-12-1996 | abbreviated format | 06-11-1997 | 1997-51901451 | |
| 31-12-1995 | abbreviated format | 04-07-1996 | 1996-28802193 | |
| 31-12-1994 | abbreviated format | 28-12-1995 | 1995-61902206 | |
| 31-12-1993 | abbreviated format | 11-07-1994 | 1994-28701066 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,424 | - | - | - | 3,787 | 6,809 | 6,293 | 931 | -9,830 | 10,337 | 4,615 | -7,417 | 2,843 | -12,159 | 3,650 | -3,588 | -24,138 | 30,497 | -3,851 | - | ||
| 40,491 | 35,559 | 29,697 | 25,548 | 20,135 | 15,723 | 11,198 | 6,769 | 2,519 | -3,651 | -13,988 | -18,945 | -20,142 | -23,983 | -26,811 | -32,132 | -34,742 | -10,429 | -16,127 | -18,058 | ||
| 96.4% | 84.5% | 90.3% | 89.7% | 91.1% | 89.5% | 94.1% | 99.4% | 87.1% | 25.5% | 11.4% | 2.5% | 0.1% | -13.8% | -14.5% | -29.6% | -35.0% | 14.9% | 7.0% | 4.4% | ||
| 18.81 | 4.64 | 7.02 | 6.24 | 6.14 | 4.75 | 6.67 | 42.84 | 1.75 | 0.92 | 0.71 | 0.61 | 0.65 | 0.23 | 0.49 | 0.39 | 0.38 | 0.81 | 0.70 | 0.65 | ||
| 0.04 | 0.18 | 0.11 | 0.12 | 0.10 | 0.12 | 0.06 | 0.01 | 0.15 | 2.92 | 7.80 | 39.08 | - | - | - | - | - | 5.71 | 13.33 | 21.51 | ||
| 8.8% | 10.6% | 8.3% | 11.2% | 10.9% | 12.6% | 14.1% | 15.8% | 27.2% | 62.5% | 79.9% | 96.1% | - | - | - | - | - | 58.4% | 40.2% | 144.8% | ||
| 8.4% | 8.9% | 7.5% | 10.0% | 10.0% | 11.3% | 13.3% | 15.7% | 23.7% | 15.9% | 9.1% | 2.4% | 6.7% | 10.3% | 11.6% | 6.5% | -58.5% | 8.7% | 2.8% | 6.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 9% lower than in 2024.
Debt's share of the balance-sheet total falls from 15.5% to 3.6%. Equity is higher and debt is lower.
Source: shareholder structure in its own accounts
Source: list of holdings in the 30-06-2025 accounts of . Every holding stands with its own latest accounts.
| BELGIAN POSTERS
registered office since 01-11-1970 · founded in 1970 |
17 FTE (2025) 0407.581.825 |
| DEJEAN OUTDOOR ADVERTISING SERVICES
registered office since 12-09-2000 · founded in 2000 |
total assets €7.6m (2025) 0471.754.055 |
| WITTEXCO
registered office since 30-03-1989 · founded in 1989 |
total assets €192,403 (2025) 0436.959.165 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| DEJEAN FINANCES registered office Steenweg op Asse 69, 1785 Merchtem 3320001 Installation of industrial machinery and equipment | 09-11-1992 | 2.059.467.277 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23012H0033/00V000 | 3,722 m² | 1 · 334 m² | 9.5 m · 2 |
If something looks wrong or is missing, please tell us.