Boatmen
ActiveSummary
Boatmen has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,779 and a net result of -€12,482. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2021 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-46
Solvency100▲+21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 14.82 against 1.4 in 2024; short-term debt: 3.6% and cash: 52% of total assets), and 3.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
31 d early
2023
14 d late
2022
24 d early
2021
37 d early
2020
32 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€102,779▼ 10.8%
2024 · €115,261
Total assets
€106,613▼ 50.3%
2024 · €214,320
Net result
-€12,482
2024 · €93,671
Working capital
€52,976▲ 35.5%
2024 · €39,099
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line20212022202320242025
Operating result€247,450▲ 1,709%€267,440▲ 8.1%€346,290▲ 29.5%€94,070▼ 72.8%-€12,041
Net result€247,239above the sector's middle half▲ 1,750%€267,144above the sector's middle half▲ 8.1%€287,333above the sector's middle half▲ 7.6%€93,671above the sector's middle half▼ 67.4%-€12,482below the sector's middle half
Equity€87,112within the sector's middle half▲ 45.5%€94,256within the sector's middle half▲ 8.2%€106,589within the sector's middle half▲ 13.1%€115,261within the sector's middle half▲ 8.1%€102,779within the sector's middle half▼ 10.8%
Total assets€314,831above the sector's middle half▲ 149%€372,042above the sector's middle half▲ 18.2%€394,636above the sector's middle half▲ 6.1%€214,320within the sector's middle half▼ 45.7%€106,613within the sector's middle half▼ 50.3%
Debt€227,719▲ 243%€277,786▲ 22.0%€288,047▲ 3.7%€99,060▼ 65.6%€3,834▼ 96.1%
Working capital€80,499▲ 65.4%€85,972▲ 6.8%€22,442▼ 73.9%€39,099▲ 74.2%€52,976▲ 35.5%
Solvency27.7%within the sector's middle half▼ 19.8pp25.3%within the sector's middle half▼ 2.3pp27.0%within the sector's middle half▲ 1.7pp53.8%within the sector's middle half▲ 26.8pp96.4%above the sector's middle half▲ 42.6pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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 turns negative in 2025: a loss of €12,041 after €94,070 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,613
Fixed assets
€49,803 ▼ 35.4%
Current assets
€56,810 ▼ 58.6%
Equity and liabilities €106,613
Equity
€102,779 ▼ 10.8%
Debt
€3,834 ▼ 96.1%
Debt's share of the balance-sheet total falls from 46.2% to 3.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18,140▼
2024 · €123,193
Cash flow
€17,699▼
2024 · €122,795
Current ratio
14.82▲
2024 · 1.40
Debt to equity
0.04▼
2024 · 0.86
ROE
-12.1%▼
2024 · 81.3%
ROA
-11.7%▼
2024 · 43.7%
Interest coverage
66.84▼
2024 · 575.64
Debt ≤ 1 year
€3,834▼
2024 · €98,166
Income taxes
€169▼
2024 · €184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,058 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% | 1.6% |
| 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 74% 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 4,815 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,504 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,723 | €6,048 | €15,215 | €29,124 | €30,181 | ▲ 3.6% |
| Other operating charges640/8 | €507 | €570 | €609 | €488 | €550 | ▲ 12.7% |
| Gross operating margin9900 | €254,679 | €274,058 | €362,114 | €123,681 | €18,690 | ▼ 84.9% |
| Operating profit (loss)9901 | €247,450 | €267,440 | €346,290 | €94,070 | -€12,041 | ▼ 113% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | - | €0 | - | - | €0 | - |
| Financial charges65/66B | €102 | €186 | €204 | €214 | €271 | ▲ 26.8% |
| Recurring financial charges65 | €102 | €186 | €204 | €214 | €271 | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | €247,347 | €267,254 | €346,086 | €93,856 | -€12,313 | ▼ 113% |
| Income taxes67/77 | €108 | €110 | €58,753 | €184 | €169 | ▼ 8.1% |
| Profit (loss) for the period9904 | €247,239 | €267,144 | €287,333 | €93,671 | -€12,482 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €247,239 | €267,144 | €287,333 | €93,671 | -€12,482 | ▼ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €314,831 | €372,042 | €394,636 | €214,320 | €106,613 | ▼ 50.3% |
| Fixed assets21/28 | €7,603 | €8,794 | €84,148 | €77,056 | €49,803 | ▼ 35.4% |
| Tangible fixed assets22/27 | €7,603 | €8,794 | €84,148 | €76,706 | €49,453 | ▼ 35.5% |
| Plant, machinery and equipment23 | €3,939 | €4,679 | €29,204 | €34,269 | €18,568 | ▼ 45.8% |
| Furniture and vehicles24 | €3,664 | €4,115 | €54,944 | €42,437 | €30,885 | ▼ 27.2% |
| Financial fixed assets28 | - | - | - | €350 | €350 | = |
| Current assets29/58 | €307,228 | €363,248 | €310,488 | €137,264 | €56,810 | ▼ 58.6% |
| Amounts receivable within one year40/41 | €824 | €2,144 | €11,823 | €45,482 | €1,352 | ▼ 97.0% |
| Trade receivables40 | €824 | €824 | - | €33,921 | €906 | ▼ 97.3% |
| Other amounts receivable41 | - | €1,319 | €11,823 | €11,561 | €446 | ▼ 96.1% |
| Cash at bank and in hand54/58 | €306,403 | €361,105 | €298,665 | €91,782 | €55,458 | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €314,831 | €372,042 | €394,636 | €214,320 | €106,613 | ▼ 50.3% |
| Equity10/15 | €87,112 | €94,256 | €106,589 | €115,261 | €102,779 | ▼ 10.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €11,860 | €11,860 | €11,860 | €11,860 | €11,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €56,652 | €63,796 | €76,129 | €84,801 | €72,319 | ▼ 14.7% |
| Amounts payable17/49 | €227,719 | €277,786 | €288,047 | €99,060 | €3,834 | ▼ 96.1% |
| Amounts payable within one year42/48 | €226,729 | €277,276 | €288,047 | €98,166 | €3,834 | ▼ 96.1% |
| Financial debts43 | €4 | - | - | €1 | €45 | ▲ 8,013% |
| Credit institutions430/8 | €4 | - | - | €1 | €45 | ▲ 8,013% |
| Trade debts44 | €912 | €3,106 | €971 | €12,076 | €530 | ▼ 95.6% |
| Suppliers440/4 | €912 | €3,106 | €971 | €12,076 | €530 | ▼ 95.6% |
| Taxes, remuneration and social security45 | €3,999 | €14,170 | €12,076 | €1,088 | €353 | ▼ 67.5% |
| Taxes450/3 | €3,999 | €14,170 | €12,076 | €1,088 | €353 | ▼ 67.5% |
| Other amounts payable47/48 | €221,814 | €260,000 | €275,000 | €85,000 | €2,905 | ▼ 96.6% |
| Accrued charges and deferred income492/3 | €990 | €510 | - | €894 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €247,239 | €267,144 | €287,333 | €93,671 | -€12,482 | ▼ 113% |
| + Depreciation and write-downs630 | €6,723 | €6,048 | €15,215 | €29,124 | €30,181 | ▲ 3.6% |
| Operating cash flow (approximation) | €253,963 | €273,192 | €302,548 | €122,795 | €17,699 | ▼ 85.6% |
| Investment in fixed assets (approximation) | - | -€7,239 | -€90,568 | -€22,032 | -€2,928 | ▲ 86.7% |
| Change in cash | - | €54,701 | -€62,439 | -€206,883 | -€36,324 | ▲ 82.4% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€12,482
Net result drops to -€12,482, the lowest in the series.
31-12
Financial
Liquidity times 11current ratio 14.82
Current ratio from 1.40 to 14.82; short-term debt falls from €98,166 to €3,834.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Highest result since 2018net €287,333 ▲7.6%
Operating result €346,290, net result €287,333, both a record.
31-12
Financial
Equity above €100,000Eq €106,589 ▲13.1%
6 profitable years in a row build equity to €106,589.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €111,511 ▲62.9%
2 profitable years in a row build equity to €111,511.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2015
Ground area
140 m²
Building footprint
89 m²
Volume, LiDAR
495 m³
Parcel 44021A3371/00X000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Meulesteedsesteenweg 96, 9000 Gent
since 20152.244.660.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3371/00X000 | Flanders | 140 m² | 1 · 89 m² | 10.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,500 EUR | 4,500 EUR |
| 2022 | 1 | 4,500 EUR | 4,500 EUR |
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Of 8,313 companies in sector 90201 we hold annual accounts for 601. 490 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)
Founded12-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635496785
Also
9925:BE0635496785
Registered
09-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.