Equity
Equity fell by 58% in 15 years.
Equity fell by 58% in 15 years.
Back in profit in 2025, after a loss of €113,080 in 2024.
In 2025, 55 people joined and 55 left.
Seven of the last ten came late. The 2025 accounts came latest: 40 days after the end of the period.
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 29% of them on solvency, 4% on liquidity, 33% on profitability and 89% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,685 companies had the same profile as BOCO has now. Each dot stands for 12 companies, two years later.
The bankruptcy probability of BOCO itself is higher: 2.2% within 12 months. It rests on far more data about BOCO than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for BOCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.57 (0.54 in 2024), below 1. Short-term debt is 84.6% and cash 0.8% of total assets. 84.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BOCO Antwerp | €8.4m | 5.0% | 15.4% | 26.8 |
| GROEP LIMBURGSE BOUWMARKTEN Hasselt | €10.8m | 1.3% | 85.9% | 29 |
| GAWEMA Heist-op-den-Berg | €10.5m | -2.1% | 29.2% | 27.9 |
| GROEP ANTWERPSE BOUWMARKTEN Sint-Katelijne-Waver | €15.6m | 6.3% | 52.9% | 31.1 |
| CARRELAGES GILLET Bastogne | €7.6m | 4.2% | 43.9% | 29 |
| Palmaers Vakhandel Bilzen-Hoeselt | €10.7m | 2.1% | 48.3% | 25.6 |
| OU - QUI - BAT Bertrix | €13.1m | -0.1% | 49.0% | 31.5 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BOCO: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €4.8m and €11m, founded between 1988 and 1998.
BOCO has existed since 1994. In 2007 turnover rose from €1.2m to €2.6m, while staff fell from 12.9 to 8.7 full-time equivalents.
BG RETAIL holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 26% of 5,068 companies in 2025.
Higher than 9% of 4,994 companies in 2025.
Higher than 57% of 5,037 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter
13.1 men and 13.7 women in full-time equivalents in 2025.
Men €50,588, women €49,569 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 55 people joined and 55 left. Training hours in 2025: 562.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
7.2m | 6.9m | 2.6m | 2.7m | 2.5m | 2.3m | 2.0m | 2.8m | 2.8m | 3.0m | 3.0m | 3.0m | 3.1m | 3.2m | 3.9m | 4.2m | 4.5m | 3.8m | 4.4m | 1.5m | |
21/28 |
3.7m | 3.6m | 277,151 | 263,369 | 300,847 | 340,687 | 177,133 | 302,471 | 324,869 | 355,898 | 408,185 | 445,227 | 559,126 | 790,587 | 1.3m | 1.7m | 2.3m | 2.2m | 2.1m | 279,432 | |
21 |
3.3m | 3.3m | - | 91 | 361 | 630 | 770 | 4,167 | 7,080 | - | - | 580 | 1,667 | 3,298 | 202,251 | 396,567 | 594,726 | 786,832 | 982,438 | - | |
22/27 |
408,538 | 291,813 | 276,711 | 262,942 | 300,186 | 339,758 | 176,362 | 298,304 | 317,788 | 355,898 | 408,185 | 444,647 | 557,458 | 787,289 | 1.0m | 1.3m | 1.7m | 1.4m | 1.1m | 279,432 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 99,157 | 99,157 | 239,116 | 251,855 | 264,593 | 276,269 | |
23 |
138,566 | 77,457 | 94,444 | 109,176 | 113,411 | 110,407 | 99,763 | 124,372 | 118,136 | 86,443 | 98,937 | 133,898 | 209,483 | 318,467 | 374,856 | 467,632 | 519,652 | 312,462 | 366,859 | - | |
24 |
73,566 | 61,284 | 152 | 1,580 | 3,488 | 8,465 | 10,286 | 14,691 | 2,049 | 9,805 | 14,280 | 1,383 | 4,105 | 11,028 | 20,468 | 31,556 | 52,682 | 25,008 | 27,673 | - | |
26 |
194,046 | 132,888 | 146,095 | 152,186 | 177,835 | 70,828 | 64,978 | 149,266 | 186,900 | 217,905 | 252,729 | 292,839 | 329,206 | 369,290 | 390,645 | 435,088 | 627,813 | 459,079 | 35,839 | 3,162 | |
27 |
2,361 | 20,184 | 36,020 | - | 5,453 | 150,058 | 1,336 | 9,974 | 10,703 | 41,745 | 42,239 | 16,527 | - | 3,207 | 6,746 | 2,102 | 3,222 | - | - | - | |
28 |
- | 440 | 440 | 335 | 300 | 300 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
3.5m | 3.3m | 2.3m | 2.4m | 2.2m | 2.0m | 1.9m | 2.5m | 2.5m | 2.6m | 2.6m | 2.5m | 2.5m | 2.4m | 2.7m | 2.6m | 2.2m | 1.6m | 2.2m | 1.2m | |
3 |
2.6m | 2.6m | 1.7m | 1.8m | 1.7m | 1.5m | 1.6m | 2.1m | 2.3m | 2.3m | 2.2m | 2.1m | 2.1m | 2.2m | 2.3m | 2.3m | 2.1m | 1.5m | 1.4m | - | |
30/36 |
2.6m | 2.6m | 1.7m | 1.8m | 1.7m | 1.5m | 1.6m | 2.1m | 2.3m | 2.3m | 2.2m | 2.1m | 2.1m | 2.2m | 2.3m | 2.3m | 2.1m | 1.5m | 1.4m | - | |
34 |
2.6m | - | - | - | - | - | - | - | - | 2.3m | 2.2m | 2.1m | 2.1m | 2.2m | 2.3m | 2.3m | 2.1m | 1.5m | 1.4m | - | |
40/41 |
834,009 | 449,229 | 553,931 | 560,927 | 488,937 | 429,342 | 183,262 | 321,060 | 175,435 | 256,266 | 309,993 | 382,132 | 369,318 | 198,543 | 269,933 | 197,653 | 8,728 | 71,275 | 828,538 | 1.2m | |
40 |
603,092 | 217,861 | 310,766 | 321,719 | 266,423 | 211,630 | 174,704 | 320,264 | 174,638 | 255,470 | 191,497 | 270,240 | 220,330 | 177,713 | 165,148 | 107,610 | 8,728 | 31,704 | 37,726 | 5,757 | |
41 |
230,918 | 231,368 | 243,165 | 239,208 | 222,514 | 217,712 | 8,558 | 797 | 797 | 797 | 118,496 | 111,892 | 148,988 | 20,830 | 104,785 | 90,042 | - | 39,571 | 790,812 | 1.2m | |
54/58 |
57,843 | 278,532 | 49,443 | 40,224 | 32,681 | 33,216 | 33,123 | 54,190 | 83,421 | 71,570 | 35,535 | 46,156 | 37,745 | 43,698 | 95,007 | 76,883 | 55,198 | 27,120 | 21,228 | - | |
490/1 |
1,507 | 1,701 | 1,615 | 1,665 | - | 2,059 | 1,798 | 2,291 | 2,254 | 2,376 | 1,982 | 2,355 | 1,966 | 5,429 | 2,052 | 12,207 | 500 | 204 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
7.2m | 6.9m | 2.6m | 2.7m | 2.5m | 2.3m | 2.0m | 2.8m | 2.8m | 3.0m | 3.0m | 3.0m | 3.1m | 3.2m | 3.9m | 4.2m | 4.5m | 3.8m | 4.4m | 1.5m | |
10/15 |
1.1m | 787,336 | 900,416 | 1.0m | 807,309 | 422,561 | -120,491 | 611,653 | 1.1m | 1.8m | 2.1m | 2.2m | 2.3m | 2.3m | 2.5m | 2.6m | 1.8m | 2.0m | 1.5m | 1.3m | |
10/11 |
95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | |
10 |
95,000 | 95,000 | 95,000 | 95,000 | 95,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | |
13 |
348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | 348,796 | |
130/1 |
9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | 9,500 | |
133 |
339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | 339,296 | |
14 |
668,619 | 343,540 | 456,620 | 567,273 | 363,513 | -21,235 | -564,287 | 167,856 | 663,783 | 1.4m | 1.6m | 1.8m | 1.9m | 1.9m | 2.0m | 2.2m | 1.4m | 1.5m | 1.0m | 848,041 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,250 | 4,250 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,250 | 4,250 | |
160 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,250 | 4,250 | |
17/49 |
6.1m | 6.2m | 1.7m | 1.7m | 1.7m | 1.9m | 2.2m | 2.2m | 1.7m | 1.1m | 910,964 | 778,872 | 779,478 | 890,178 | 1.4m | 1.6m | 2.7m | 1.9m | 2.9m | 155,162 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 83,256 | 162,146 | 236,900 | 307,735 | 374,856 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 83,256 | 162,146 | 236,900 | 307,735 | 374,856 | - | |
172 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 83,256 | 162,146 | 236,900 | 307,735 | 374,856 | - | |
42/48 |
6.1m | 6.2m | 1.7m | 1.7m | 1.7m | 1.9m | 2.2m | 2.2m | 1.7m | 1.1m | 910,964 | 778,872 | 779,478 | 890,178 | 1.4m | 1.4m | 2.5m | 1.6m | 2.5m | 155,162 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 83,286 | 78,891 | 74,754 | 70,835 | 67,121 | 63,419 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 860 | - | 1,069 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 860 | - | 1,069 | |
44 |
1.1m | 1.3m | 872,429 | 983,841 | 910,207 | 1.1m | 839,209 | 809,895 | 561,193 | 587,250 | 502,443 | 634,221 | 632,509 | 624,971 | 720,941 | 766,327 | 797,942 | 748,402 | 553,713 | 36,699 | |
440/4 |
1.1m | 1.3m | 872,429 | 983,841 | 910,207 | 1.1m | 839,209 | 809,895 | 561,193 | 587,250 | 502,443 | 634,221 | 632,509 | 624,971 | 720,941 | 766,327 | 797,942 | 748,402 | 553,713 | 36,699 | |
46 |
2,336 | 3,825 | 1,499 | 6,138 | 14,656 | 15,121 | 6,728 | 4,245 | 4,726 | 8,725 | 13,081 | 16,298 | 18,671 | 24,083 | 18,575 | 27,097 | 33,790 | 25,721 | 8,977 | 47,274 | |
45 |
191,271 | 143,873 | 87,172 | 124,649 | 118,110 | 133,768 | 62,742 | 107,174 | 116,239 | 136,087 | 138,351 | 126,927 | 127,590 | 155,049 | 537,945 | 508,626 | 154,878 | 88,192 | 17,471 | 69,315 | |
450/3 |
44,870 | 60,943 | 23,974 | 36,870 | 28,839 | 18,655 | 9,163 | 17,034 | 11,232 | 25,241 | 24,662 | 1,521 | 8,238 | 43,950 | 431,807 | 419,531 | 59,782 | 30,530 | - | 54,597 | |
454/9 |
146,402 | 82,930 | 63,198 | 87,779 | 89,272 | 115,113 | 53,579 | 90,140 | 105,007 | 110,846 | 113,689 | 125,406 | 119,352 | 111,098 | 106,138 | 89,095 | 95,095 | 57,662 | 17,471 | 14,718 | |
47/48 |
4.8m | 4.8m | 731,502 | 538,510 | 650,213 | 670,653 | 1.2m | 1.3m | 1.1m | 402,712 | 257,090 | 1,427 | 708 | 2,790 | 1,006 | 32,169 | 1.4m | 649,437 | 1.9m | 804 | |
| Income statement | |||||||||||||||||||||
70/76A |
8.7m | - | - | - | - | - | - | - | - | 6.3m | 6.5m | 7.0m | 7.1m | 7.3m | 7.3m | 7.2m | 6.4m | 5.6m | 2.6m | 1.2m | |
70 |
8.4m | - | - | - | - | - | - | - | - | 6.3m | 6.5m | 7.0m | 7.1m | 7.3m | 7.3m | 7.2m | 6.4m | 5.5m | 2.6m | 1.2m | |
74 |
1,913 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
256,657 | 39,930 | 15,795 | 56,092 | 116,518 | 279,997 | 100,790 | 226 | 1,474 | - | 4,159 | 250 | 1,382 | 180,619 | 2,297 | 1.3m | 6,463 | 834,842 | 2,947 | 500,226 | |
9900 |
- | 859,032 | 707,338 | 1.0m | 1.2m | 1.4m | 568,208 | 708,434 | 520,264 | - | - | - | - | - | - | - | - | - | - | - | |
60/66A |
8.3m | - | - | - | - | - | - | - | - | 6.6m | 6.6m | 7.1m | 7.2m | 7.6m | 7.5m | 7.2m | 6.6m | 5.6m | 2.4m | 1.2m | |
60 |
5.6m | - | - | - | - | - | - | - | - | 4.2m | 4.2m | 4.7m | 4.7m | 4.8m | 4.7m | 4.7m | 4.1m | 3.5m | 1.5m | 736,105 | |
600/8 |
5.6m | - | - | - | - | - | - | - | - | 4.2m | 4.4m | 4.6m | 4.6m | 4.6m | 4.7m | 4.8m | 4.7m | 3.7m | 3.0m | 132,713 | |
609 |
-9,742 | - | - | - | - | - | - | - | - | -24,902 | -147,700 | 36,498 | 66,680 | 116,046 | -51,134 | -147,989 | -580,092 | -154,132 | -1.4m | 603,393 | |
61 |
1.1m | - | - | - | - | - | - | - | - | 1.2m | 1.2m | 1.1m | 1.1m | 1.3m | 1.2m | 1.1m | 1.1m | 995,007 | 540,416 | 171,844 | |
62 |
1.3m | 817,945 | 701,768 | 714,123 | 698,165 | 749,842 | 1.1m | 1.0m | 1.0m | 1.0m | 1.0m | 1.1m | 1.1m | 1.1m | 1.0m | 977,489 | 882,577 | 662,207 | 257,664 | 319,459 | |
630 |
102,274 | 67,189 | 63,822 | 76,773 | 72,946 | 59,702 | 60,622 | 90,915 | 95,206 | 142,122 | 114,942 | 144,020 | 237,693 | 443,111 | 445,823 | 476,696 | 443,904 | 431,112 | 47,605 | 22,404 | |
631/4 |
- | - | - | - | -178 | - | - | - | -43 | - | 120 | -216 | -41 | 515 | - | - | 6,413 | 8,806 | 16,247 | -6,918 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4,250 | - | 3,516 | |
640/8 |
104,420 | 63,296 | 61,487 | 58,819 | 56,267 | 46,256 | 42,434 | 98,693 | 97,013 | 71,223 | 85,116 | 81,574 | 80,016 | 69,428 | 94,613 | 49,390 | 5,415 | 4,080 | 1,786 | 2,565 | |
66A |
- | 8,538 | 5,520 | - | 53 | 3,435 | 117,445 | - | 29,566 | - | 33,965 | - | - | 99,167 | 150 | - | - | 31,135 | - | - | |
9901 |
418,349 | -97,936 | -125,260 | 191,375 | 354,543 | 516,130 | -720,790 | -522,039 | -744,823 | -309,082 | -120,376 | -158,919 | -75,212 | -312,526 | -176,833 | -33,551 | -168,125 | -13,134 | 173,088 | -85,080 | |
75/76B |
55,818 | 39,153 | 41,444 | 40,003 | 33,663 | 32,096 | 30,580 | 39,154 | 39,501 | 45,192 | 50,232 | 57,733 | 50,601 | 95,037 | 53,098 | 53,671 | 53,994 | 41,617 | 43,478 | 18,086 | |
75 |
55,818 | 39,153 | 41,444 | 40,003 | 33,663 | 32,096 | 30,580 | 39,154 | 39,501 | 45,192 | 50,232 | 57,733 | 50,601 | 95,037 | 53,098 | 53,671 | 53,994 | 41,617 | 43,478 | 18,086 | |
750 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | |
751 |
- | - | - | - | - | - | - | - | - | - | 1,757 | 2,936 | 921 | 17 | 1,449 | - | - | - | 18,211 | 8,986 | |
752/9 |
55,818 | - | - | - | - | - | - | - | - | 45,192 | 48,475 | 54,797 | 49,680 | 95,020 | 51,649 | 53,671 | 53,994 | 41,617 | 25,267 | 9,100 | |
65/66B |
149,088 | 54,298 | 26,837 | 27,618 | 3,458 | 5,174 | 41,934 | 13,042 | 8,158 | 4,604 | 6,885 | 27,243 | 2,852 | 8,331 | 11,851 | 46,514 | 41,323 | 43,928 | 702 | 320 | |
65 |
149,088 | 54,298 | 26,837 | 27,618 | 3,458 | 5,174 | 41,934 | 13,042 | 8,158 | 4,604 | 6,885 | 27,243 | 2,852 | 8,331 | 11,851 | 46,514 | 41,323 | 43,928 | 702 | 320 | |
650 |
149,004 | - | - | - | - | - | - | - | - | 3,491 | 2,666 | 26,561 | 2,306 | 8,131 | 10,840 | 46,175 | 41,108 | 43,740 | - | - | |
652/9 |
84 | - | - | - | - | - | - | - | - | 1,113 | 4,220 | 682 | 546 | 200 | 1,011 | 340 | 215 | 188 | 702 | 320 | |
9903 |
325,079 | -113,080 | -110,653 | 203,760 | 384,748 | 543,053 | -732,144 | -495,926 | -713,480 | -268,494 | -106,836 | -128,179 | -26,081 | -144,368 | -133,438 | 1.2m | -148,991 | 788,262 | 218,810 | 432,913 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | -2,270 | - | - | - | 13,314 | 396,435 | 6,737 | 284,374 | 56,800 | 148,326 | |
670/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,314 | 396,435 | 6,737 | 284,374 | 56,800 | 148,326 | |
77 |
- | - | - | - | - | - | - | - | - | - | 2,270 | - | - | - | - | - | - | - | - | - | |
9904 |
325,079 | -113,080 | -110,653 | 203,760 | 384,748 | 543,053 | -732,144 | -495,926 | -713,480 | -268,494 | -104,566 | -128,179 | -26,081 | -144,368 | -146,752 | 837,492 | -155,728 | 503,888 | 162,010 | 284,586 | |
9905 |
325,079 | -113,080 | -110,653 | 203,760 | 384,748 | 543,053 | -732,144 | -495,926 | -713,480 | -268,494 | -104,566 | -128,179 | -26,081 | -144,368 | -146,752 | 837,492 | -155,728 | 503,888 | 162,010 | 284,586 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
668,619 | 343,540 | 456,620 | 567,273 | 363,513 | -21,235 | -564,287 | 167,856 | 663,783 | 1.4m | 1.6m | 1.8m | 1.9m | 1.9m | 2.0m | 2.2m | 1.4m | 1.5m | 1.0m | 848,041 | |
14P |
343,540 | 456,620 | 567,273 | 363,513 | -21,235 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
26.8 | 19.3 | 18.5 | 19.1 | 20.1 | 21 | 20.3 | 29.3 | 29.2 | 29.4 | 30 | 30.6 | 28.3 | 30 | 30.1 | 29.5 | 26.7 | 18.7 | 8.7 | 12.9 | |
Men (FTE)1003 |
13.1 | - | - | - | - | - | - | - | - | 15.5 | 16.4 | 16.6 | 15.6 | 18.5 | - | - | - | - | - | - | |
Women (FTE)1003 |
13.7 | - | - | - | - | - | - | - | - | 13.9 | 13.6 | 14 | 12.7 | 11.5 | - | - | - | - | - | - | |
Agency workers1501 |
- | - | - | - | - | - | - | - | - | 0.2 | 0.3 | 0.5 | 0.2 | 1.1 | 0.9 | 1.4 | 0.2 | 1.8 | 2.8 | 0.4 | |
Hours worked1013 |
39,322 | 27,330 | 26,291 | 27,410 | 29,072 | 28,786 | 31,314 | 41,745 | 42,658 | 45,079 | 46,460 | 45,863 | 46,220 | 47,671 | 50,519 | 49,263 | 41,366 | 29,868 | 12,170 | 13,830 | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 54 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-09-2026.
2025 annual accounts filed 40 days after the deadline. Filed on 9 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00510387.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-09-2026 | 2026-00510387 | |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00445636 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00436939 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00401915 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20401922 | |
| 31-12-2020 | abbreviated format | 04-08-2021 | 2021-46200367 | |
| 31-12-2019 | abbreviated format | 17-07-2020 | 2020-31700237 | |
| 31-12-2018 | abbreviated format | 24-07-2019 | 2019-37600200 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56400402 | |
| 31-12-2016 | full format | 20-07-2017 | 2017-34400238 | |
| 31-12-2015 | full format | 18-07-2016 | 2016-32800246 | |
| 31-12-2014 | full format | 15-07-2015 | 2015-31100097 | |
| 31-12-2013 | full format | 24-07-2014 | 2014-34800317 | |
| 31-12-2012 | full format | 25-07-2013 | 2013-35600244 | |
| 31-12-2011 | full format | 19-07-2012 | 2012-31900586 | |
| 31-12-2010 | full format | 19-07-2011 | 2011-31700055 | |
| 31-12-2009 | full format | 20-07-2010 | 2010-32900086 | |
| 31-12-2008 | full format | 24-07-2009 | 2009-47200269 | |
| 31-12-2007 | full format | 17-07-2008 | 2008-43300100 | |
| 31-12-2006 | full format | 24-07-2007 | 2007-47800106 | |
| 31-12-2005 | full format | 10-07-2006 | 2006-42805327 | |
| 31-12-2004 | full format | 29-07-2005 | 2005-58300210 | |
| 31-12-2003 | full format | 28-07-2004 | 2004-52105307 | |
| 31-12-2002 | abbreviated format | 29-07-2003 | 2003-53300837 | |
| 31-12-2001 | abbreviated format | 04-10-2002 | 2002-63100735 | |
| 31-12-2000 | abbreviated format | 13-09-2001 | 2001-56404292 | |
| 31-12-1999 | abbreviated format | 04-08-2000 | 2000-50102918 | |
| 31-12-1998 | abbreviated format | 09-07-1999 | 1999-33001660 | |
| 31-12-1997 | abbreviated format | 10-07-1998 | 1998-32300080 | |
| 31-12-1996 | abbreviated format | 09-07-1997 | 1997-29100526 | |
| 31-12-1995 | full format | 01-07-1996 | 1996-30801522 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €892 | €892 |
| 2024 | 1 | €1,000 | €1,000 |
| 2023 | 1 | €500 | €500 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 520,623 | -30,747 | -61,438 | 268,148 | 427,489 | 575,832 | -660,168 | -431,124 | -649,617 | -166,960 | -5,434 | -14,899 | 162,481 | 130,584 | 268,990 | 443,145 | 275,779 | 417,978 | 220,693 | -62,676 | ||
| 427,353 | -45,891 | -46,831 | 280,533 | 457,694 | 602,754 | -671,522 | -405,012 | -618,274 | -126,371 | 10,376 | 15,841 | 211,612 | 298,742 | 299,071 | 1.3m | 288,176 | 934,999 | 209,615 | 306,990 | ||
| 184,874 | 3.4m | 77,605 | 41,464 | 33,106 | 223,256 | 66,578 | 69,246 | 95,219 | 52,713 | 77,900 | 30,121 | 6,232 | 86,372 | 37,181 | 162,874 | 575,248 | 518,313 | 2.8m | 763 | ||
| -220,689 | 229,089 | 9,219 | 7,543 | -534 | 92 | -21,066 | -29,231 | 11,851 | 36,034 | -10,621 | 8,411 | -5,954 | -51,309 | 18,124 | 21,685 | 28,078 | 5,892 | - | - | ||
| -2.6m | -2.8m | 623,265 | 747,701 | 506,463 | 81,874 | -297,624 | 309,182 | 782,710 | 1.5m | 1.7m | 1.7m | 1.8m | 1.6m | 1.3m | 1.1m | -295,497 | 62,409 | -282,907 | 1.0m | ||
| 5.0% | - | - | - | - | - | - | - | - | -4.9% | -1.9% | -2.3% | -1.1% | -4.3% | -2.4% | -0.5% | -2.6% | -0.2% | 6.7% | -7.4% | ||
| 15.4% | 11.3% | 34.7% | 38.0% | 32.3% | 18.1% | -5.9% | 21.8% | 38.9% | 61.6% | 69.6% | 73.8% | 74.9% | 72.5% | 63.4% | 62.7% | 39.9% | 50.9% | 33.3% | 89.0% | ||
| 0.57 | 0.54 | 1.37 | 1.45 | 1.30 | 1.04 | 0.86 | 1.14 | 1.45 | 2.29 | 2.85 | 3.25 | 3.26 | 2.75 | 1.98 | 1.81 | 0.88 | 1.04 | 0.89 | 7.55 | ||
| 0.15 | 0.12 | 0.36 | 0.36 | 0.31 | 0.24 | 0.10 | 0.17 | 0.15 | 0.29 | 0.38 | 0.55 | 0.52 | 0.28 | 0.27 | 0.20 | 0.03 | 0.06 | 0.34 | 7.55 | ||
| 5.50 | 7.82 | 1.88 | 1.64 | 2.10 | 4.51 | - | 3.59 | 1.57 | 0.62 | 0.44 | 0.35 | 0.34 | 0.38 | 0.58 | 0.60 | 1.51 | 0.96 | 2.00 | 0.12 | ||
| 29.2% | -14.4% | -12.3% | 20.2% | 47.7% | 128.5% | - | -81.1% | -64.4% | -14.7% | -5.0% | -5.8% | -1.1% | -6.1% | -5.9% | 31.7% | -8.6% | 25.7% | 11.1% | 22.0% | ||
| 4.5% | -1.6% | -4.3% | 7.6% | 15.4% | 23.3% | -36.0% | -17.7% | -25.1% | -9.1% | -3.5% | -4.3% | -0.8% | -4.5% | -3.7% | 19.9% | -3.4% | 13.1% | 3.7% | 19.6% | ||
| 3.49 | -0.57 | -2.29 | 9.71 | over 100 | - | - | - | - | -47.83 | -2.04 | -0.56 | 70.46 | 16.06 | 24.81 | 9.60 | 6.71 | 9.56 | - | - | ||
| 26 days | - | - | - | - | - | - | - | - | 15 days | 11 days | 14 days | 11 days | 9 days | 8 days | 5 days | 0 days | 2 days | 5 days | 2 days | ||
| 62 days | - | - | - | - | - | - | - | - | 40 days | 34 days | 40 days | 40 days | 38 days | 45 days | 49 days | 56 days | 61 days | 97 days | 15 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 27 | 27 | 18 | 22 | 22 |
| full-time | 23 | 23 | 14 | 17 | 15 |
| part-time | 4 | 4 | 4 | 5 | 7 |
| in full-time equivalents | 25.8 | 25.3 | 16.9 | 20.1 | 19.1 |
| 26.8 | 19.3 | 18.5 | 19.1 | 20.1 | |
| On a permanent contract | 27 | 27 | 18 | 20 | 20 |
| Joined | 55 | 40 | 49 | 25 | 37 |
| Left | 55 | 31 | 53 | 25 | 41 |
| Training hours | 562 | 1,228 | 1,244 | 220 | 540 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €184,874 | €82,291 | €77,500 | €41,429 | €33,106 |
| Intangible fixed assets | - | €3.3m | - | - | - |
| Financial fixed assets | - | - | €105 | €35 | - |
| €102,274 | €67,189 | €63,822 | €76,773 | €72,946 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €1,500 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is a profit of €418,349, after a loss of €97,936 in 2024. It is the highest result since 2020.
Debt's share of the balance-sheet total falls from 88.7% to 84.6%. Equity is higher and debt is lower.
Further up the chainBourrelier Group SA FR consolidates
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of BG RETAIL. Every holding stands with its own latest accounts.
Part of the group BG RETAIL Group, risk and exposure| Randstad Belgium
establishment since 10-09-2025 · founded in 1965 · group RANDSTAD GROUP BELGIUM |
20,826 FTE (2025) 0402.725.291 |
| RANDSTAD GROUP BELGIUM
establishment since 10-09-2025 · founded in 2005 |
1,909 FTE (2025) 0874.753.819 |
| LCL
establishment since 01-01-2008 · founded in 1996 |
43 FTE (2025) 0457.116.458 |
| VERISURE
establishment since 01-12-2018 · founded in 1997 · group Verisure Midholding AB |
201 FTE (2025) 0459.866.904 |
| SCALDIS SALVAGE & MARINE CONTRACTORS
registered office since 23-06-1995 · founded in 1995 |
46 FTE (2025) 0455.363.530 |
| BELGIUM PROPERTIES RETAILERS
registered office since 20-01-1998 · founded in 1998 |
total assets €82.6m (2025) 0462.489.565 |
| BG RETAIL
registered office since 02-01-2001 · founded in 1972 |
127 FTE (2025) 0412.562.873 |
| Maersk Logistics & Services Belgium
establishment since 01-01-2026 · founded in 1979 · accounts filed late |
98 FTE (2023) 0419.732.856 |
| VERISURE SECURITY
establishment since 01-12-2018 · founded in 2005 · group Verisure Midholding AB |
390 FTE (2025) 0877.035.396 |
| C.B. BOUWMARKTEN
registered office since 15-02-2021 · founded in 1991 · group BG RETAIL |
32 FTE (2025) 0444.848.730 |
The network starts from the directors of BOCO. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Zelebaan 59 9160 Lokeren | 07-12-1994 | 2.069.227.259 | Food outlet - food>3 months Retailer of fertilizers Retailer of pesticides |
| Sint-Pieterskaai 57 8000 Bruges | 01-01-2008 | 2.168.715.706 | Food outlet - food>3 months Retailer of fertilizers Retailer of pesticides Retailer of petfood |
| Gamma Masières-Nimy Rue Grande 208E, 7020 Mons | 03-07-2009 | 2.194.494.346 | |
| Noorderlaan 133 registered office 2030 Antwerp | 15-02-2021 | 2.313.405.359 | |
| Gamma Tienen Slachthuisstraat 26, 3300 Tienen | 04-11-2024 | 2.367.677.255 | Retailer of fertilizers Retailer of pesticides Food outlet - food>3 months |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11807G1697/00H000 | Flanders | 1.1 ha | 1 · 2,719 m² | 41.7 m · 2 |
| 46382B0736/00P000 | Flanders | 4,454 m² | 1 · 1,959 m² | 6.5 m · 2 |
| 31808K0548/00E006 | Flanders | 3,018 m² | 1 · 62 m² | 5.1 m · 1 |
| 24594C0017/00P000 | Flanders | 2,268 m² | 1 · 1,923 m² | 6.7 m · 1 |
| 53048A0042/00T000 | Wallonia | 130 m² | 1 · 102 m² | 8.5 m · 2 |
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