BOCAM
ActiveBOCAM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.43M and a net result of €324k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 420 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+1
Solvency71=
Growth70=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.63 in 2024; short-term debt: 46.6% and cash: 6.8% of total assets), and 53.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
46.3%
Return on assets
6.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
1 d late
2023
29 d late
2022
7 d late
2021
24 d early
2020
20 d late
2019
14 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.43M▲ 4.0%
2024 · €2.33M
2018: €1.56M
2021: €844k
2022: €1.77M
2023: €2.31M
2024: €2.33M
2018 → 2025
EBIT margin
20.0%▲ 5.3pp
2024 · 14.7%
2018: 15.5%
2021: -5.5%
2022: 9.0%
2023: 17.7%
2024: 14.7%
2018 → 2025
Net result
€324k▲ 54.8%
2024 · €209k
2018: €162k
2021: €-55k
2022: €123k
2023: €266k
2024: €209k
2018 → 2025
Working capital
€-356k▲ 49.6%
2024 · €-706k
2018: €-95k
2021: €-59k
2022: €-56k
2023: €-896k
2024: €-706k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€844k-€1.77M▲ 110%€2.31M▲ 30.6%€2.33M▲ 1.0%€2.43M▲ 4.0%
Equity€1.51M-€1.63M▲ 8.1%€1.90M▲ 16.3%€2.11M▲ 11.0%€2.43M▲ 15.3%
Operating result€-46k-€159k€408k▲ 157%€343k▼ 15.9%€486k▲ 41.5%
Net result€-55k-€123k€266k▲ 117%€209k▼ 21.4%€324k▲ 54.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 42% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.25M
Fixed assets
€3.16M▼ 6.5%
Current assets
€2.09M▲ 75.5%
Equity and liabilities €5.25M
Equity
€2.43M▲ 15.3%
Debt
€2.82M▲ 14.5%
The debt ratio falls from 53.9% to 53.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€740k▲
2024 · €609k
Cash flow
€578k▲
2024 · €475k
Solvency
46.3%▲
2024 · 46.1%
Current ratio
0.85▲
2024 · 0.63
Quick ratio
0.85▲
2024 · 0.62
Debt / equity
1.16▼
2024 · 1.17
ROE
13.3%▲
2024 · 9.9%
ROA
6.2%▲
2024 · 4.6%
Interest coverage
10.23▲
2024 · 8.02
Debt
€2.82M▲
2024 · €2.46M
Debt ≤ 1 year
€2.45M▲
2024 · €1.90M
Debt > 1 year
€333k▼
2024 · €526k
Income taxes
€110k▲
2024 · €72k
Staff costs
€460k▼
2024 · €512k
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€4.57M€5.25M▲
Fixed assets21/28€3.38M€3.16M▼
Tangible fixed assets22/27€2.14M€1.92M▼
Land and buildings22€1.59M€1.44M▼
Plant, machinery and equipment23€502k€448k▼
Furniture and vehicles24€50k€31k▼
Financial fixed assets28€1.24M€1.24M=
Affiliated companies280/1€1.24M€1.24M=
Participating interests280€1.24M€1.24M=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€1.19M€2.09M▲
Amounts receivable after more than one year29-€1.47M
Other amounts receivable291-€1.47M
Stocks and contracts in progress3€13k€12k▼
Stocks30/36€13k€12k▼
Goods purchased for resale34€13k€12k▼
Amounts receivable within one year40/41€886k€51k▼
Trade receivables40€20k€23k▲
Other amounts receivable41€866k€28k▼
Current investments50/53€154k€204k▲
Other investments51/53€154k€204k▲
Cash at bank and in hand54/58€127k€355k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€4.57M€5.25M▲
Equity10/15€2.11M€2.43M▲
Contributions10/11€375k€375k=
Capital10€375k€375k=
Issued capital100€375k€375k=
Reserves13€1.34M€1.34M=
Non-distributable reserves130/1€38k€38k=
Legal reserve130€38k€38k=
Distributable reserves133€1.31M€1.31M=
Profit (loss) carried forward14€391k€714k▲
Amounts payable17/49€2.46M€2.82M▲
Amounts payable after more than one year17€526k€333k▼
Financial debts170/4€526k€333k▼
Credit institutions173€526k€333k▼
Amounts payable within one year42/48€1.90M€2.45M▲
Current portion of amounts payable after more than one year42€188k€193k▲
Trade debts44€185k€128k▼
Suppliers440/4€185k€128k▼
Taxes, remuneration and social security45€37k€58k▲
Taxes450/3-€22k
Remuneration and social security454/9€37k€36k▼
Other amounts payable47/48€1.49M€2.07M▲
Accrued charges and deferred income492/3€39k€38k▼
Income statement
Code20242025
Operating income70/76A€2.53M€2.64M▲
Turnover70€2.33M€2.43M▲
Other operating income74€199k€205k▲
Non-recurring operating income76A-€7k
Operating charges60/66A€2.19M€2.15M▼
Goods for resale, raw materials and consumables60€255k€257k▲
Purchases600/8€251k€256k▲
Change in stocks: decrease (increase)609€4k€852▼
Services and other goods61€1.06M€1.11M▲
Remuneration, social security and pensions62€512k€460k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266k€255k▼
Other operating charges640/8€67k€67k▼
Non-recurring operating charges66A€32k€1k▼
Operating profit (loss)9901€343k€486k▲
Financial income75/76B€14k€21k▲
Recurring financial income75€14k€21k▲
Income from current assets751€14k€21k▲
Financial charges65/66B€76k€73k▼
Recurring financial charges65€76k€73k▼
Debt charges650€76k€72k▼
Other financial charges652/9€2€1k▲
Profit (loss) for the period before taxes9903€281k€433k▲
Income taxes67/77€72k€110k▲
Taxes670/3€106k€110k▲
Tax adjustments and reversals of tax provisions77€34k-
Profit (loss) for the period9904€209k€324k▲
Profit (loss) for the period to be appropriated9905€209k€324k▲
Appropriation of the result
Profit (loss) to be appropriated9906€391k€714k▲
Profit (loss) brought forward from the previous period14P€181k€391k▲
Social balance
Average headcount (FTE)90879.28.2▼
The notes to these accounts (49 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
26-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge9 facts ▸
- General meeting, 2026-05-28
- Director resignation, Ludwig LEFEBVRE (administrateur)
- Director discharge, Ludwig LEFEBVRE
- Director appointment, Nicolas CONSTANT (administrateur)
- Board composition, administrateur, 2026-08-01
- Board composition, administrateur, 2026-08-01
- Board composition, administrateur, 2026-08-01
- Permanent representative, Victor Tomas BOSQUIN
- Permanent representative, Marc VAN DYCK
26-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge6 facts ▸
- General meeting, 2026-03-26
- Director resignation, S.R.L. MAC MANAGEMENT (administrateur)
- Director discharge, S.R.L. MAC MANAGEMENT (administrateur)
- Board composition, administrateur, 2026-03-26
- Board composition, administrateur, 2026-03-26
- Board composition, administrateur, 2026-03-26
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €324k ▲54.8%
Operating result €486k, net result €324k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
31-12
Financial
Equity above €2MEq €2.11M ▲11%
3 profitable years in a row build equity to €2.11M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 7 days late
2022
31-12
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-55k ▼134%
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
Nicolas CONSTANT
CurrentDirector · since 01-08-2026
01-08-2026
Nicolas CONSTANT: Appointed as Director
30-06-2026
Ludwig LEFEBVRE: Resigned as Director
26-03-2026
MAC MANAGEMENT S.R.L.: Resigned as Director
Location & real-estate footprint
Registered office, Herve · 3 establishment units since 1996
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.
Avenue du Parc 224650 HerveGround area
1.6 ha
Building footprint
8,952 m²
Volume, LiDAR
62,224 m³
2 parcels, Wallonia · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Avenue du Parc 22, 4650 Herve
since 19962.075.185.534
BOWLING 362
since 19972.157.150.435
BOWLING 81
since 20012.075.185.435
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0644/00C000 | Wallonia | 1.4 ha | 1 · 8,952 m² | 15.7 m · 2 fl. |
| 63049F0358/00H008 | Wallonia | 1,914 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesArlon2.075.185.435
Malmedy2.157.150.435
Legal Entity Identifier
9676008I80YRPVKMZP67
Similar companies · same sector, comparable size
TENNISDEL
BE 0423.063.916
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Royal Latem Golf Club
BE 0411.084.911
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O'Learys Gent
BE 0568.578.168
Gent · Eq €2.45M
Régie Communale Autonome des sports d'Assesse
BE 0810.813.102
Assesse · Eq €2.45M
Régie communale autonome de Mettet
BE 0701.765.108
Mettet · Eq €2.40M
Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 614 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-11-1995
Fiscal year end31-12
Activities, NACEBEL
92613
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.