BOCO
ActiveSummary
BOCO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €325,079. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 26% of 4188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+34
Solvency40▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.54 in 2024; short-term debt: 84.6% and cash: 0.8% of total assets), and 84.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
15.4%
Return on assets
4.5%
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 09-09-2026, 40 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
40 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
4 d late
2019
14 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 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
Turnover
€8.4m
EBIT margin
5.0%
Net result
€325,079
2024 · -€113,080
Working capital
-€2.6m▲ 7.4%
2024 · -€2.8m
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
Turnover€8.4m
Operating result€354,543▼ 31.3%€191,375▼ 46.0%-€125,260-€97,936▲ 21.8%€418,349
Net result€384,748▼ 29.2%€203,760▼ 47.0%-€110,653-€113,080▼ 2.2%€325,079
EBIT margin5.0%
Equity€807,309▲ 91.1%€1.0m▲ 25.2%€900,416▼ 10.9%€787,336▼ 12.6%€1.1m▲ 41.3%
Total assets€2.5m▲ 7.4%€2.7m▲ 6.5%€2.6m▼ 2.7%€6.9m▲ 168%€7.2m▲ 4.2%
Debt€1.7m▼ 11.2%€1.7m▼ 2.4%€1.7m▲ 2.4%€6.2m▲ 264%€6.1m▼ 0.6%
Working capital€506,463▲ 519%€747,701▲ 47.6%€623,265▼ 16.6%-€2.8m-€2.6m▲ 7.4%
Staff (FTE)20.1▼ 4.3%19.1▼ 5.0%18.5▼ 3.1%19.3▲ 4.3%26.8▲ 38.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €418,349 after a loss of €97,936 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.2m
Fixed assets
€3.7m ▲ 3.2%
Current assets
€3.5m ▲ 5.2%
Equity and liabilities €7.2m
Equity
€1.1m ▲ 41.3%
Debt
€6.1m ▼ 0.6%
Debt's share of the balance-sheet total falls from 88.7% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€520,623▲
2024 · -€30,747
Cash flow
€427,353▲
2024 · -€45,891
Current ratio
0.57▲
2024 · 0.54
Quick ratio
0.15▲
2024 · 0.12
Debt to equity
5.50▼
2024 · 7.82
ROE
29.2%▲
2024 · -14.4%
ROA
4.5%▲
2024 · -1.6%
Interest coverage
3.49▲
2024 · -0.57
Debt ≤ 1 year
€6.1m▼
2024 · €6.2m
Staff costs
€1.3m▲
2024 · €817,945
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €8.7m | - |
| Turnover70 | - | - | - | - | €8.4m | - |
| Other operating income74 | - | - | - | - | €1,913 | - |
| Non-recurring operating income76A | €116,518 | €56,092 | €15,795 | €39,930 | €256,657 | ▲ 543% |
| Operating charges60/66A | - | - | - | - | €8.3m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €5.6m | - |
| Purchases600/8 | - | - | - | - | €5.6m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€9,742 | - |
| Services and other goods61 | - | - | - | - | €1.1m | - |
| Remuneration, social security and pensions62 | €698,165 | €714,123 | €701,768 | €817,945 | €1.3m | ▲ 64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,946 | €76,773 | €63,822 | €67,189 | €102,274 | ▲ 52.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€178 | - | - | - | - | - |
| Other operating charges640/8 | €56,267 | €58,819 | €61,487 | €63,296 | €104,420 | ▲ 65.0% |
| Non-recurring operating charges66A | €53 | - | €5,520 | €8,538 | - | - |
| Gross operating margin9900 | €1.2m | €1.0m | €707,338 | €859,032 | - | - |
| Operating profit (loss)9901 | €354,543 | €191,375 | -€125,260 | -€97,936 | €418,349 | ▲ 527% |
| Financial income75/76B | €33,663 | €40,003 | €41,444 | €39,153 | €55,818 | ▲ 42.6% |
| Recurring financial income75 | €33,663 | €40,003 | €41,444 | €39,153 | €55,818 | ▲ 42.6% |
| Other financial income752/9 | - | - | - | - | €55,818 | - |
| Financial charges65/66B | €3,458 | €27,618 | €26,837 | €54,298 | €149,088 | ▲ 175% |
| Recurring financial charges65 | €3,458 | €27,618 | €26,837 | €54,298 | €149,088 | ▲ 175% |
| Debt charges650 | - | - | - | - | €149,004 | - |
| Other financial charges652/9 | - | - | - | - | €84 | - |
| Profit (loss) for the period before taxes9903 | €384,748 | €203,760 | -€110,653 | -€113,080 | €325,079 | ▲ 387% |
| Profit (loss) for the period9904 | €384,748 | €203,760 | -€110,653 | -€113,080 | €325,079 | ▲ 387% |
| Profit (loss) for the period to be appropriated9905 | €384,748 | €203,760 | -€110,653 | -€113,080 | €325,079 | ▲ 387% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.7m | €2.6m | €6.9m | €7.2m | ▲ 4.2% |
| Fixed assets21/28 | €300,847 | €263,369 | €277,151 | €3.6m | €3.7m | ▲ 3.2% |
| Intangible fixed assets21 | €361 | €91 | - | €3.3m | €3.3m | = |
| Tangible fixed assets22/27 | €300,186 | €262,942 | €276,711 | €291,813 | €408,538 | ▲ 40.0% |
| Plant, machinery and equipment23 | €113,411 | €109,176 | €94,444 | €77,457 | €138,566 | ▲ 78.9% |
| Furniture and vehicles24 | €3,488 | €1,580 | €152 | €61,284 | €73,566 | ▲ 20.0% |
| Other tangible fixed assets26 | €177,835 | €152,186 | €146,095 | €132,888 | €194,046 | ▲ 46.0% |
| Assets under construction and advance payments27 | €5,453 | - | €36,020 | €20,184 | €2,361 | ▼ 88.3% |
| Financial fixed assets28 | €300 | €335 | €440 | €440 | - | - |
| Current assets29/58 | €2.2m | €2.4m | €2.3m | €3.3m | €3.5m | ▲ 5.2% |
| Stocks and contracts in progress3 | €1.7m | €1.8m | €1.7m | €2.6m | €2.6m | ▲ 0.4% |
| Stocks30/36 | €1.7m | €1.8m | €1.7m | €2.6m | €2.6m | ▲ 0.4% |
| Goods purchased for resale34 | - | - | - | - | €2.6m | - |
| Amounts receivable within one year40/41 | €488,937 | €560,927 | €553,931 | €449,229 | €834,009 | ▲ 85.7% |
| Trade receivables40 | €266,423 | €321,719 | €310,766 | €217,861 | €603,092 | ▲ 177% |
| Other amounts receivable41 | €222,514 | €239,208 | €243,165 | €231,368 | €230,918 | ▼ 0.2% |
| Cash at bank and in hand54/58 | €32,681 | €40,224 | €49,443 | €278,532 | €57,843 | ▼ 79.2% |
| Deferred charges and accrued income490/1 | - | €1,665 | €1,615 | €1,701 | €1,507 | ▼ 11.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.7m | €2.6m | €6.9m | €7.2m | ▲ 4.2% |
| Equity10/15 | €807,309 | €1.0m | €900,416 | €787,336 | €1.1m | ▲ 41.3% |
| Contributions10/11 | €95,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Capital10 | €95,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Issued capital100 | €95,000 | €95,000 | €95,000 | €95,000 | €95,000 | = |
| Reserves13 | €348,796 | €348,796 | €348,796 | €348,796 | €348,796 | = |
| Non-distributable reserves130/1 | €9,500 | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Legal reserve130 | €9,500 | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Distributable reserves133 | €339,296 | €339,296 | €339,296 | €339,296 | €339,296 | = |
| Profit (loss) carried forward14 | €363,513 | €567,273 | €456,620 | €343,540 | €668,619 | ▲ 94.6% |
| Amounts payable17/49 | €1.7m | €1.7m | €1.7m | €6.2m | €6.1m | ▼ 0.6% |
| Amounts payable within one year42/48 | €1.7m | €1.7m | €1.7m | €6.2m | €6.1m | ▼ 0.6% |
| Trade debts44 | €910,207 | €983,841 | €872,429 | €1.3m | €1.1m | ▼ 9.0% |
| Suppliers440/4 | €910,207 | €983,841 | €872,429 | €1.3m | €1.1m | ▼ 9.0% |
| Advances received on contracts in progress46 | €14,656 | €6,138 | €1,499 | €3,825 | €2,336 | ▼ 38.9% |
| Taxes, remuneration and social security45 | €118,110 | €124,649 | €87,172 | €143,873 | €191,271 | ▲ 32.9% |
| Taxes450/3 | €28,839 | €36,870 | €23,974 | €60,943 | €44,870 | ▼ 26.4% |
| Remuneration and social security454/9 | €89,272 | €87,779 | €63,198 | €82,930 | €146,402 | ▲ 76.5% |
| Other amounts payable47/48 | €650,213 | €538,510 | €731,502 | €4.8m | €4.8m | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €384,748 | €203,760 | -€110,653 | -€113,080 | €325,079 | ▲ 387% |
| + Depreciation and write-downs630 | €72,946 | €76,773 | €63,822 | €67,189 | €102,274 | ▲ 52.2% |
| Operating cash flow (approximation) | €457,694 | €280,533 | -€46,831 | -€45,891 | €427,353 | ▲ 1,031% |
| Investment in fixed assets (approximation) | - | -€39,295 | -€77,605 | -€3.4m | -€218,559 | ▲ 93.6% |
| Change in cash | - | €7,543 | €9,219 | €229,089 | -€220,689 | ▼ 196% |
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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
31-12
Financial
Back to profitnet €325,079
Net result €325,079 after 2 loss-making years.
31-12
Financial
Equity above €1mEq €1.1m ▲41.3%
Equity rises from €787,336 to €1.1m.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €1mEq €1.0m ▲25.2%
3 profitable years in a row build equity to €1.0m.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €500,000Eq €807,309 ▲91.1%
2 profitable years in a row build equity to €807,309.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
31-12
Financial
Back to profitnet €543,053
Net result €543,053 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €422,561
Equity rises from -€120,491 to €422,561.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€732,144
Net result drops to -€732,144, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Antwerpen · 5 establishment units since 1994
Ground area
2.1 ha
Building footprint
6,764 m²
Volume, LiDAR
71,305 m³
5 parcels, Flanders, Wallonia · tallest building 41.7 m, ±2 floors. Linked by address, not a title deed.
68
companies at this address
See who is registered here
5 establishment units
Zelebaan 59, 9160 Lokeren
since 19942.069.227.259
Boco
since 20082.168.715.706
Gamma Masières-Nimy
since 20092.194.494.346
Noorderlaan 133, 2030 Antwerpen
since 20212.313.405.359
Gamma Tienen
since 20242.367.677.255
5 parcels
Flanders
4
(80%)
Wallonia
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1697/00H000 | Flanders | 1.1 ha | 1 · 2,719 m² | 41.7 m · 2 fl. |
| 46382B0736/00P000 | Flanders | 4,454 m² | 1 · 1,959 m² | 6.5 m · 2 fl. |
| 31808K0548/00E006 | Flanders | 3,018 m² | 1 · 62 m² | 5.1 m · 1 fl. |
| 24594C0017/00P000 | Flanders | 2,268 m² | 1 · 1,923 m² | 6.7 m · 1 fl. |
| 53048A0042/00T000 | Wallonia | 130 m² | 1 · 102 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels 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
2023 to 2025 · 3 entries · 2,392 EUR awarded · 2,392 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 892 EUR | 892 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Food safety, FASFC
3 sitesBrugge2.168.715.706
Lokeren2.069.227.259
Tienen2.367.677.255
Dual-learning approval
6 live approvals · 1 endedCommercieel assistent (vwo)
Commercieel assistent duaal (so)
Commerciële organisatie duaal (so)
Onthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Show 1 ended approval
Magazijnmedewerker (so)
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.