BOCAGEN
ActiveBOCAGEN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544k and a net result of €-4k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-1
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 3.93 in 2024; short-term debt: 16.4% and cash: 10% of total assets), and 18% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82%
Return on assets
-0.6%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
27 d early
2023
22 d early
2022
28 d early
2021
13 d early
2020
33 d early
2019
29 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€544k▲ 56.3%
2024 · €348k
2018: €138k
2019: €190k
2020: €265k
2021: €272k
2022: €351k
2023: €346k
2024: €348k
2018 → 2025
Total assets
€664k▲ 66.5%
2024 · €399k
2018: €261k
2019: €310k
2020: €371k
2021: €367k
2022: €429k
2023: €430k
2024: €399k
2018 → 2025
Net result
€-4k
2024 · €1k
2018: €76
2019: €2k
2020: €1k
2021: €900
2022: €742
2023: €-4k
2024: €1k
2018 → 2025
Working capital
€20k▼ 71.6%
2024 · €69k
2018: €854
2019: €166k
2020: €226k
2021: €221k
2022: €289k
2023: €238k
2024: €69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€272k-€351k▲ 29.2%€346k▼ 1.6%€348k▲ 0.8%€544k▲ 56.3%
Operating result€3k-€-18k€-54k▼ 206%€-2k▲ 95.6%€1k
Net result€900-€742▼ 17.6%€-4k€1k€-4k
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: €1k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €663k
Fixed assets
€534k▲ 75.4%
Current assets
€129k▲ 38.4%
Equity and liabilities €664k
Equity
€544k▲ 56.3%
Provisions
€1k▲ 42.1%
Debt
€118k▲ 139%
The debt ratio rises from 12.4% to 17.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €15k
Cash flow
€14k▼
2024 · €18k
Solvency
82.0%▼
2024 · 87.4%
Current ratio
1.18▼
2024 · 3.93
Quick ratio
1.18▼
2024 · 3.93
Debt / equity
0.22▲
2024 · 0.14
ROE
-0.8%▼
2024 · 0.3%
ROA
-0.6%▼
2024 · 0.3%
Interest coverage
21.62▲
2024 · 12.63
Debt
€118k▲
2024 · €49k
Debt ≤ 1 year
€109k▲
2024 · €24k
Debt > 1 year
€9k▼
2024 · €26k
Staff costs
€8k▼
2024 · €10k
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€399k€664k▲
Formation expenses20€988€485▼
Fixed assets21/28€305k€534k▲
Intangible fixed assets21€8k€29k▲
Tangible fixed assets22/27€118k€184k▲
Plant, machinery and equipment23€118k€184k▲
Financial fixed assets28€178k€321k▲
Current assets29/58€93k€129k▲
Amounts receivable after more than one year29€29k€28k▼
Other amounts receivable291€29k€28k▼
Amounts receivable within one year40/41€27k€34k▲
Trade receivables40€19k€26k▲
Other amounts receivable41€8k€7k▼
Cash at bank and in hand54/58€36k€66k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€399k€664k▲
Equity10/15€348k€544k▲
Contributions10/11€346k€547k▲
Profit (loss) carried forward14€2k€-2k▼
Provisions and deferred taxes16€950€1k▲
Provisions for liabilities and charges160/5€950€1k▲
Other liabilities and charges164/5€950€1k▲
Amounts payable17/49€49k€118k▲
Amounts payable after more than one year17€26k€9k▼
Financial debts170/4€26k€9k▼
Amounts payable within one year42/48€24k€109k▲
Current portion of amounts payable after more than one year42€17k€67k▲
Trade debts44€4k€38k▲
Suppliers440/4€4k€38k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€2k€4k▲
Remuneration and social security454/9€821€928▲
Other amounts payable47/48€50€100▲
Income statement
Code20242025
Remuneration, social security and pensions62€10k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€400€400=
Other operating charges640/8€387€400▲
Gross operating margin9900€26k€28k▲
Operating profit (loss)9901€-2k€1k▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€1k€8k▲
Recurring financial charges65€1k€890▼
Non-recurring financial charges66B-€8k
Profit (loss) for the period before taxes9903€1k€-4k▼
Profit (loss) for the period9904€1k€-4k▼
Profit (loss) for the period to be appropriated9905€1k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-2k▼
Profit (loss) brought forward from the previous period14P€702€2k▲
The notes to these accounts (19 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €544k ▲56.3%
Equity rises from €348k to €544k.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k ▼701%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-04
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €265k ▲39.8%
3 profitable years in a row build equity to €265k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €2k ▲2549%
Net result €2k, the highest in the series.
31-12
Financial
Liquidity times 12current ratio 12.28
Current ratio from 1.01 to 12.28; short-term debt falls from €123k to €15k.
31-12
Financial
Equity above €150kEq €190k ▲36.9%
2 profitable years in a row build equity to €190k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-06-2022
Arnaud DORTU: Resigned as Director
18-06-2022
Brendan COLLINS: Resigned as Director
18-06-2022
Frederlk VAN DE VELDE: Resigned as Director
Location & real-estate footprint
Registered office, Herve · 1 establishment unit since 2017
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.
Rue du Collège 264650 HerveGround area
1,875 m²
Building footprint
3,271 m²
Parcel 63035A0763/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BOCAGEN
since 20172.342.755.282
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63035A0763/00V000 ProtectedMonument |
Wallonia | 1,875 m² | 1 · 3,271 m² | - |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 815 companies in sector 35110 we hold annual accounts for 631. 430 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded24-10-2017
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
94994Activities of membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:coop@bocagen.be
Phone:+32496329763