BOCON
ActiveSummary
BOCON has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €599,672 and a net result of €80,242. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 88% of 4,107 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €599,672
- Profit
- €80,242
- Holdings
- 1
- Arakelyan L.Director · permanent representative Arakelyan Levon
- AtafinDirector · permanent representative Atakan Fuat
Why 94lowers riskSector: Legal and accounting activities (NACE 69)Size: total assets €695,838Figures for financial year 2025 (filed 22-04-2026)Equity €599,672 (86.2% of total assets)Show 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 (NACE 69, micro): better than 87% on solvency, 55% on liquidity, 40% on profitability and 24% on growth.
The bankruptcy probability was computed on 26-10-2026 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 4 accounts on average 47 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet €80,242 ▼49%
- Name · RestructuringMerger · Accounting effect ·…
Financials · financial year 2025, abbreviated format
2022 to 2025, 4 financial years
The operating result has fallen two years in a row; 2025 is 46% below 2024 and is the lowest result in the available series.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,782 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- 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 497,475 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% | 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% |
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 6,782 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,992 | €3,840 | €1,760 | €18,373 | ▲ 944% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €350 | €454 | €454 | €24,767 | ▲ 55× |
| Other operating charges640/8 | €102 | €109 | €118 | €2,111 | ▲ 18× |
| Gross operating margin9900 | €238,283 | €294,696 | €207,338 | €156,047 | ▼ 24.7% |
| Operating profit (loss)9901 | €235,839 | €290,292 | €205,006 | €110,796 | ▼ 46.0% |
| Financial income75/76B | €167,815 | - | - | - | - |
| Recurring financial income75 | €167,815 | - | - | - | - |
| Financial charges65/66B | €100 | €37 | €39 | €1,397 | ▲ 36× |
| Recurring financial charges65 | €100 | €37 | €39 | €1,397 | ▲ 36× |
| Profit (loss) for the period before taxes9903 | €403,555 | €290,256 | €204,967 | €109,400 | ▼ 46.6% |
| Income taxes67/77 | €54,200 | €68,974 | €47,497 | €29,158 | ▼ 38.6% |
| Profit (loss) for the period9904 | €349,355 | €221,281 | €157,470 | €80,242 | ▼ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €349,355 | €221,281 | €157,470 | €80,242 | ▼ 49.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €357,595 | €521,190 | €677,947 | €695,838 | ▲ 2.6% |
| Fixed assets21/28 | €188,116 | €263,684 | €338,741 | €553,475 | ▲ 63.4% |
| Intangible fixed assets21 | - | - | - | €208,974 | - |
| Tangible fixed assets22/27 | €1,922 | €1,468 | €1,013 | €344,451 | ▲ 340× |
| Land and buildings22 | - | - | - | €280,476 | - |
| Plant, machinery and equipment23 | - | - | - | €63,416 | - |
| Furniture and vehicles24 | €1,922 | €1,468 | €1,013 | €559 | ▼ 44.8% |
| Financial fixed assets28 | €186,194 | €262,216 | €337,728 | €50 | ▼ 100.0% |
| Current assets29/58 | €169,479 | €257,507 | €339,205 | €142,362 | ▼ 58.0% |
| Amounts receivable within one year40/41 | €157,418 | €241,966 | €319,852 | €38,920 | ▼ 87.8% |
| Trade receivables40 | €157,418 | €241,966 | €319,852 | €10,517 | ▼ 96.7% |
| Other amounts receivable41 | - | - | - | €28,402 | - |
| Cash at bank and in hand54/58 | €12,061 | €15,540 | €19,354 | €103,442 | ▲ 434% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €357,595 | €521,190 | €677,947 | €695,838 | ▲ 2.6% |
| Equity10/15 | €299,855 | €503,136 | €660,606 | €599,672 | ▼ 9.2% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | - | €501,636 | €659,106 | €598,172 | ▼ 9.2% |
| Distributable reserves133 | - | €501,636 | €659,106 | €598,172 | ▼ 9.2% |
| Profit (loss) carried forward14 | €298,355 | - | - | - | - |
| Amounts payable17/49 | €57,740 | €18,054 | €17,340 | €96,166 | ▲ 455% |
| Amounts payable after more than one year17 | - | - | - | €10,499 | - |
| Financial debts170/4 | - | - | - | €10,499 | - |
| Amounts payable within one year42/48 | €57,740 | €18,054 | €17,340 | €85,667 | ▲ 394% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,987 | - |
| Trade debts44 | €81 | €73 | €85 | €6,915 | ▲ 82× |
| Suppliers440/4 | €81 | €73 | €85 | €6,915 | ▲ 82× |
| Taxes, remuneration and social security45 | €20,455 | €16,778 | €17,255 | €16,719 | ▼ 3.1% |
| Taxes450/3 | €20,455 | €16,778 | €17,255 | €16,719 | ▼ 3.1% |
| Other amounts payable47/48 | €37,204 | €1,204 | - | €40,045 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €349,355 | €221,281 | €157,470 | €80,242 | ▼ 49.0% |
| + Depreciation and write-downs630 | €350 | €454 | €454 | €24,767 | ▲ 55× |
| Operating cash flow (approximation) | €349,704 | €221,736 | €157,925 | €105,009 | ▼ 33.5% |
| Investment in fixed assets (approximation) | - | -€76,022 | -€75,512 | -€239,501 | ▼ 217% |
| Change in cash | - | €3,479 | €3,813 | €84,089 | ▲ 22× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-04-2026 | 2026-00084679 |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00180260 |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00176054 |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00227716 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €845 awarded · €825 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €638 | €638 |
| 2024 | 1 | €170 | €150 |
| 2023 | 1 | €37 | €37 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Arakelyan L. |
|
| Atafin |
|
| Arakelyan Levon |
|
| Atakan Fuat |
|
Owners and capital
Capital and shareholders
- Bocon (BE 0477.543.866) €267,331.73 in kind
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-08-2025 Capital stated in the deed · 150 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of BOCON and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
29-12
Gazette deed
Name · RestructuringMerger · Accounting effect · Real estate13 facts ▸
- General meeting, 04-11-2025
- Merger, “fusievoorstel goedgekeurd, gehele vermogen zowel rechten als verplichtingen voor het geheel zonder uitzondering noch voorbehoud” (deed in Dutch)
- Other provision, “kennisname fusievoorstel en stukken, één maand voor vergaderdatum afschrift fusievoorstel ontvangen” (deed in Dutch)
- Other provision, 17-09-2025
- Accounting effect, 01-07-2025
- Other provision, “geen bijzondere rechten of voordelen” (deed in Dutch)
- Other provision, “eigendomsovergang en continuïteit, overgegane actief- en passiefbestanddelen overeenkomstig boekhoudrechtelijk continuïteitsbeginsel geboekt” (deed in Dutch)
- Real estate, “overgang krachtens goedkeuring fusievoorstel, vrij,zuiver en niet bezwaard met schuld,inschrijving,voorrecht,nadelige overschrijving of kantmelding” (deed in Dutch)
- Capital contribution, €267,331.73
- Other provision, “vergelding overdracht algemeenheid activa en passiva na ontbinding zonder vereffening, aandeelhouder overgenomen vennootschap” (deed in Dutch)
- Other provision, “opschortende voorwaarde vervuld, beslissing vergadering aandeelhouders fusie door overneming zoals omschreven onder agendapunt III” (deed in Dutch)
- Name change, BOCON
- +1 further fact in this act
04-08
Gazette deed
RestructuringPermanent representatives: Fuat Atakan and Levon Arakelyan · Merger · Capital17 facts ▸
- Merger, 17-07-2025
- Capital (2 times)
- Director in office, Bjorn Borkelmans (director)
- Director in office, Atafin (director)
- Permanent representative, Fuat Atakan (2 times)
- Director in office, Arakelyan L. (director)
- Permanent representative, Levon Arakelyan (2 times)
- Director in office, LFB Consultancy (sole director)
- Shareholding, 17-07-2025, 100
- Other provision, “motieven voor fusie, fusie door vereniging van alle aandelen in één hand (geruisloze fusie of met een fusie door overneming gelijkgestelde verrichting)” (deed in Dutch)
- Net-asset statement, 30-06-2025 (2 times)
- Net-asset statement, 01-07-2025
- +5 further facts in this act
12-03
Gazette deed
Resignations: Arakelyan Levon (director) and Atakan Fuat (director)Appointments: BV Arakelyan L. (director) and BV Atafin (director) · Permanent representatives: Arakelyan Levon and Atakan Fuat · Director discharge9 facts ▸
- General meeting, 05-12-2023
- Director resignation, Arakelyan Levon (director)
- Director resignation, Atakan Fuat (director)
- Director discharge, Arakelyan Levon
- Director discharge, Atakan Fuat
- Director appointment, BV Arakelyan L. (director)
- Director appointment, BV Atafin (director)
- Permanent representative, Arakelyan Levon
- Permanent representative, Atakan Fuat
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has 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 27 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 |
|---|---|---|---|---|
| 11808H1207/00Z005 | Flanders | 347 m² | 1 · 316 m² | 32.1 m · 10 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Werkzaamheden van een accountant / fiscaal accountant, evenals het uitoefenen van alle met deze hoedanigheid verenigbare activiteiten” (deed in Dutch)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 04-08-2025
Read from the deeds: 2 provisions, deed of 04-08-2025