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 €103k and a net result of €-12k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2003 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 €8k 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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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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€103k▼ 10.8%
2024 · €115k
Total assets
€107k▼ 50.3%
2024 · €214k
Net result
€-12k
2024 · €94k
Working capital
€53k▲ 35.5%
2024 · €39k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€247k▲ 1,709%€267k▲ 8.1%€346k▲ 29.5%€94k▼ 72.8%€-12k
Net result€247k▲ 1,750%€267k▲ 8.1%€287k▲ 7.6%€94k▼ 67.4%€-12k
Equity€87k▲ 45.5%€94k▲ 8.2%€107k▲ 13.1%€115k▲ 8.1%€103k▼ 10.8%
Total assets€315k▲ 149%€372k▲ 18.2%€395k▲ 6.1%€214k▼ 45.7%€107k▼ 50.3%
Debt€228k▲ 243%€278k▲ 22.0%€288k▲ 3.7%€99k▼ 65.6%€4k▼ 96.1%
Working capital€80k▲ 65.4%€86k▲ 6.8%€22k▼ 73.9%€39k▲ 74.2%€53k▲ 35.5%
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 €12k after €94k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€50k ▼ 35.4%
Current assets
€57k ▼ 58.6%
Equity and liabilities €107k
Equity
€103k ▼ 10.8%
Debt
€4k ▼ 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
€18k▼
2024 · €123k
Cash flow
€18k▼
2024 · €123k
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
€4k▼
2024 · €98k
Income taxes
€169▼
2024 · €184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €15k | €29k | €30k | ▲ 3.6% |
| Other operating charges640/8 | €507 | €570 | €609 | €488 | €550 | ▲ 12.7% |
| Gross operating margin9900 | €255k | €274k | €362k | €124k | €19k | ▼ 84.9% |
| Operating profit (loss)9901 | €247k | €267k | €346k | €94k | €-12k | ▼ 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 | €247k | €267k | €346k | €94k | €-12k | ▼ 113% |
| Income taxes67/77 | €108 | €110 | €59k | €184 | €169 | ▼ 8.1% |
| Profit (loss) for the period9904 | €247k | €267k | €287k | €94k | €-12k | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €247k | €267k | €287k | €94k | €-12k | ▼ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €315k | €372k | €395k | €214k | €107k | ▼ 50.3% |
| Fixed assets21/28 | €8k | €9k | €84k | €77k | €50k | ▼ 35.4% |
| Tangible fixed assets22/27 | €8k | €9k | €84k | €77k | €49k | ▼ 35.5% |
| Plant, machinery and equipment23 | €4k | €5k | €29k | €34k | €19k | ▼ 45.8% |
| Furniture and vehicles24 | €4k | €4k | €55k | €42k | €31k | ▼ 27.2% |
| Financial fixed assets28 | - | - | - | €350 | €350 | = |
| Current assets29/58 | €307k | €363k | €310k | €137k | €57k | ▼ 58.6% |
| Amounts receivable within one year40/41 | €824 | €2k | €12k | €45k | €1k | ▼ 97.0% |
| Trade receivables40 | €824 | €824 | - | €34k | €906 | ▼ 97.3% |
| Other amounts receivable41 | - | €1k | €12k | €12k | €446 | ▼ 96.1% |
| Cash at bank and in hand54/58 | €306k | €361k | €299k | €92k | €55k | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €315k | €372k | €395k | €214k | €107k | ▼ 50.3% |
| Equity10/15 | €87k | €94k | €107k | €115k | €103k | ▼ 10.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €57k | €64k | €76k | €85k | €72k | ▼ 14.7% |
| Amounts payable17/49 | €228k | €278k | €288k | €99k | €4k | ▼ 96.1% |
| Amounts payable within one year42/48 | €227k | €277k | €288k | €98k | €4k | ▼ 96.1% |
| Financial debts43 | €4 | - | - | €1 | €45 | ▲ 8,013% |
| Credit institutions430/8 | €4 | - | - | €1 | €45 | ▲ 8,013% |
| Trade debts44 | €912 | €3k | €971 | €12k | €530 | ▼ 95.6% |
| Suppliers440/4 | €912 | €3k | €971 | €12k | €530 | ▼ 95.6% |
| Taxes, remuneration and social security45 | €4k | €14k | €12k | €1k | €353 | ▼ 67.5% |
| Taxes450/3 | €4k | €14k | €12k | €1k | €353 | ▼ 67.5% |
| Other amounts payable47/48 | €222k | €260k | €275k | €85k | €3k | ▼ 96.6% |
| Accrued charges and deferred income492/3 | €990 | €510 | - | €894 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €247k | €267k | €287k | €94k | €-12k | ▼ 113% |
| + Depreciation and write-downs630 | €7k | €6k | €15k | €29k | €30k | ▲ 3.6% |
| Operating cash flow (approximation) | €254k | €273k | €303k | €123k | €18k | ▼ 85.6% |
| Investment in fixed assets (approximation) | - | €-7k | €-91k | €-22k | €-3k | ▲ 86.7% |
| Change in cash | - | €55k | €-62k | €-207k | €-36k | ▲ 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.
More with these figures Sector benchmark What changed Value indication
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 €-12k
Net result drops to €-12k, 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 €98k to €4k.
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 €287k ▲7.6%
Operating result €346k, net result €287k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲13.1%
6 profitable years in a row build equity to €107k.
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 €100kEq €112k ▲62.9%
2 profitable years in a row build equity to €112k.
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 |
Schemes
Professionele kunsten: Tussenkomst in de kosten voor deelname aan een internationaal presentatiemoment (Kunstendecreet 2021)
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Of 8,315 companies in sector 90201 we hold annual accounts for 602. 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
Scores and ratios are computed by Checked and are not a credit decision.