BOCO
ActiveSummary
BOCO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €617,602 and a net result of €32,035. Equity is growing by about 2.5% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €617,602
- Profit
- €32,035
- BELLEKENS Gert Roger ElzaDirector
- BELLEKENS Rudolf Lucien JulesDirector
Why 95lowers riskSize: total assets €626,571Equity €617,602 (98.6% of total assets)No main activity registeredLegal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 52% on liquidity, 57% on profitability and 61% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 173% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,139 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | = |
| Other operating charges640/8 | - | - | - | €20,221 | €20,635 | €22,665 | €23,137 | €33,738 | ▲ 45.8% |
| Gross operating margin9900 | €15,830 | €13,174 | €14,233 | €85,365 | €49,615 | €46,276 | €49,682 | €82,513 | ▲ 66.1% |
| Operating profit (loss)9901 | -€16,071 | -€19,189 | -€19,458 | €51,459 | €15,296 | €9,926 | €12,861 | €35,091 | ▲ 173% |
| Recurring financial income75 | €518 | €512 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €48 | €48 | €84 | €105 | €56 | ▼ 46.7% |
| Recurring financial charges65 | €24 | €32 | €48 | €48 | €48 | €84 | €105 | €56 | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | -€15,577 | -€18,710 | -€19,506 | €51,411 | €15,248 | €9,843 | €12,756 | €35,035 | ▲ 175% |
| Income taxes67/77 | €96 | - | - | - | - | - | - | €3,000 | - |
| Profit (loss) for the period9904 | -€15,673 | -€18,710 | -€19,506 | €51,411 | €15,248 | €9,843 | €12,756 | €32,035 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | -€15,673 | -€18,710 | -€19,506 | €51,411 | €15,248 | €9,843 | €12,756 | €32,035 | ▲ 151% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €534,526 | €516,329 | €501,777 | €553,714 | €569,310 | €579,526 | €591,561 | €626,571 | ▲ 5.9% |
| Fixed assets21/28 | €495,352 | €481,668 | €467,983 | €454,299 | €440,615 | €426,930 | €413,246 | €399,562 | ▼ 3.3% |
| Tangible fixed assets22/27 | €495,352 | €481,668 | €467,983 | €454,299 | €440,615 | €426,930 | €413,246 | €399,562 | ▼ 3.3% |
| Land and buildings22 | - | - | - | €454,299 | €440,615 | €426,930 | €413,246 | €399,562 | ▼ 3.3% |
| Current assets29/58 | €39,173 | €34,661 | €33,794 | €99,415 | €128,695 | €152,596 | €178,315 | €227,009 | ▲ 27.3% |
| Amounts receivable within one year40/41 | - | - | €28,937 | €98,270 | €97,885 | €97,885 | €98,296 | €97,885 | ▼ 0.4% |
| Trade receivables40 | - | - | - | €50,000 | €50,000 | €50,000 | €50,412 | €50,000 | ▼ 0.8% |
| Other amounts receivable41 | - | - | - | €48,270 | €47,885 | €47,885 | €47,885 | €47,885 | = |
| Current investments50/53 | - | - | - | - | - | - | - | €100,237 | - |
| Cash at bank and in hand54/58 | €9,892 | €4,868 | €4,857 | €1,146 | €30,810 | €54,711 | €80,018 | €28,887 | ▼ 63.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €534,526 | €516,329 | €501,777 | €553,714 | €569,310 | €579,526 | €591,561 | €626,571 | ▲ 5.9% |
| Equity10/15 | €534,526 | €515,816 | €496,310 | €547,721 | €562,969 | €572,812 | €585,567 | €617,602 | ▲ 5.5% |
| Contributions10/11 | €595,440 | €595,440 | €595,440 | €595,440 | €595,440 | €595,440 | €595,440 | €595,440 | = |
| Capital10 | - | - | - | €595,440 | €595,440 | €595,440 | €595,440 | €595,440 | = |
| Issued capital100 | - | - | - | €595,440 | €595,440 | €595,440 | €595,440 | €595,440 | = |
| Reserves13 | €13,103 | €13,103 | €13,103 | €13,103 | €13,103 | €13,103 | €13,103 | €22,162 | ▲ 69.1% |
| Non-distributable reserves130/1 | - | - | - | €13,103 | €13,103 | €13,103 | €13,103 | €22,162 | ▲ 69.1% |
| Legal reserve130 | - | - | - | €13,103 | €13,103 | €13,103 | €13,103 | €22,162 | ▲ 69.1% |
| Profit (loss) carried forward14 | -€74,018 | -€92,728 | -€112,234 | -€60,823 | -€45,575 | -€35,732 | -€22,976 | - | - |
| Amounts payable17/49 | - | €513 | €5,468 | €5,993 | €6,341 | €6,714 | €5,993 | €8,969 | ▲ 49.7% |
| Amounts payable within one year42/48 | - | €513 | €5,468 | €5,993 | €6,341 | €6,714 | €5,993 | €8,969 | ▲ 49.7% |
| Trade debts44 | - | €513 | €224 | €581 | €929 | €721 | - | - | - |
| Suppliers440/4 | - | - | - | €581 | €929 | €721 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €3,000 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €3,000 | - |
| Other amounts payable47/48 | - | - | - | €5,412 | €5,412 | €5,993 | €5,993 | €5,969 | ▼ 0.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,673 | -€18,710 | -€19,506 | €51,411 | €15,248 | €9,843 | €12,756 | €32,035 | ▲ 151% |
| + Depreciation and write-downs630 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | €13,684 | = |
| Operating cash flow (approximation) | -€1,989 | -€5,025 | -€5,822 | €65,096 | €28,932 | €23,527 | €26,440 | €45,719 | ▲ 72.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,024 | -€11 | -€3,711 | €29,665 | €23,901 | €25,307 | -€51,131 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00133519 |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00121395 |
| 31-12-2023 | micro format | 31-05-2024 | 2024-00103898 |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00110189 |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20042667 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60900057 |
| 31-12-2019 | micro format | 03-06-2020 | 2020-14300306 |
| 31-12-2018 | micro format | 05-06-2019 | 2019-16000194 |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48100258 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-51900584 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BELLEKENS Gert Roger Elza |
|
| BELLEKENS Rudolf Lucien Jules |
|
Owners and capital
Capital and shareholders
- 20-12-2023 Capital stated in the deed · €595,440.24 · 2,402 shares
Group and network
Connections & network
4 connected companiesHistory
Acts, filings and financial milestones
20-12
Gazette deed
Resignations: BELLEKENS Gert Roger Elza (director) and BELLEKENS Rudolf Lucien Jules (director)Reappointments: BELLEKENS Gert Roger Elza (director) and BELLEKENS Rudolf Lucien Jules (director) · Registered-office move · Amendment of the articles12 facts ▸
- General meeting, 14-12-2023
- Registered-office move, 2220 Heist-op-den-Berg, Impulsstraat 6
- Amendment of the articles (2 times)
- Capital, €595,440.24
- Director resignation, BELLEKENS Gert Roger Elza (director)
- Director resignation, BELLEKENS Rudolf Lucien Jules (director)
- Director reappointment, BELLEKENS Gert Roger Elza (director (not named in the articles))
- Director reappointment, BELLEKENS Rudolf Lucien Jules (director (not named in the articles))
- Other provision, “kwijting ontslagnemende bestuurders, volgende jaarvergadering” (deed in Dutch)
- Board meeting, “raad van bestuur” (deed in Dutch)
- Registered office clause, “2220 Heist-op-den-Berg,Impulsstraat 6” (deed in Dutch)
- Other provision, “alle besluiten, eenparigheid van stemmen” (deed in Dutch)
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12322I0779/00Z000 | Flanders | 2.7 ha | - | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BOCO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan mag bij enkel besluit administratieve zetels, agentschappen, ateliers, opslagplaatsen en bijhuizen oprichten…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Minimum voorgeschreven door wet, kennisgeving aan raad van bestuur” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit algemene vergadering die beraadslaagt zoals inzake statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, een of meer” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in wet” (deed in Dutch)1 more provision on this in the deed