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BOCOV

Active
Private limited company (pre-2019)founded 20179 yrs activeAlfred Amelotstraat 9, 9750 Kruisem, BelgiumKBO/BCE: BE 0672.748.943
Summary

The computed 12-month bankruptcy probability of BOCOV is 2.2% (moderate). The 2025 annual accounts show negative equity (-€2,058) and a net result of -€5,140. Equity is shrinking by ~31.8% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-15
Solvency4▼-45
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 1.32 in 2024; short-term debt: 120.7% and cash: 0.3% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-20.7%
Return on assets
-51.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€2,058
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
5 d early
2024
30 d late
2023
237 d late
2022
on the day
2021
107 d late
2020
90 d late
2019
112 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 82 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 30 August (4 of the last 5 filed years within 77 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 March 2017, BOCOV was incorporated.1 Total assets went from EUR 41,747 in 2019 to EUR 9,932 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€2,058
2024 · €3,082
Total assets
€9,932▼ 21.2%
2024 · €12,600
Net result
-€5,140▼ 345%
2024 · -€1,155
Working capital
-€2,058
2024 · €3,082
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
Operating result€3,817-€1,601-€1,707▼ 6.6%-€1,344▲ 21.3%-€5,229▼ 289%
Net result€3,987-€1,755-€1,542▲ 12.1%-€1,155▲ 25.1%-€5,140▼ 345%
Equity€7,534▲ 112%€5,779▼ 23.3%€4,236▼ 26.7%€3,082▼ 27.3%-€2,058
Total assets€25,847▲ 92.1%€12,434▼ 51.9%€12,598▲ 1.3%€12,600=€9,932▼ 21.2%
Debt€18,313▲ 84.8%€6,655▼ 63.7%€8,362▲ 25.6%€9,518▲ 13.8%€11,990▲ 26.0%
Working capital€7,477▲ 137%€5,779▼ 22.7%€4,236▼ 26.7%€3,082▼ 27.3%-€2,058
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€7,500-€5,000-€2,500€0€2,500€5,000Operating result 2021: €3,817€3,817Net result 2021: €3,987€3,987Operating result 2022: -€1,601-€1,601Net result 2022: -€1,755-€1,755Operating result 2023: -€1,707-€1,707Net result 2023: -€1,542-€1,542Operating result 2024: -€1,344-€1,344Net result 2024: -€1,155-€1,155Operating result 2025: -€5,229-€5,229Net result 2025: -€5,140-€5,14020212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€1,707-€1,710Net result 2023: -€1,542-€1,540Operating result 2024: -€1,344-€1,340Net result 2024: -€1,155-€1,150Operating result 2025: -€5,229-€5,230Net result 2025: -€5,140-€5,140202320242025
The operating result stays negative: a loss of €5,229 in 2025 against €1,344 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
-20.7%▼
2024 · 24.5%
Current ratio
0.83▼
2024 · 1.32
Debt to equity
-5.83▼
2024 · 3.09
ROA
-51.7%▼
2024 · -9.2%
Debt ≤ 1 year
€11,990▲
2024 · €9,518
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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% 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 6,010 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€12,600€9,932▼
Current assets29/58€12,600€9,932▼
Amounts receivable within one year40/41€10,440€9,899▼
Trade receivables40€430-
Other amounts receivable41€10,010€9,899▼
Cash at bank and in hand54/58€17€33▲
Deferred charges and accrued income490/1€2,143-
Equity and liabilities
Total equity and liabilities10/49€12,600€9,932▼
Equity10/15€3,082-€2,058▼
Contributions10/11€6,200€6,200=
Reserves13€85€85=
Non-distributable reserves130/1€85€85=
Reserves not available under the articles1311€85€85=
Profit (loss) carried forward14-€3,203-€8,343▼
Amounts payable17/49€9,518€11,990▲
Amounts payable within one year42/48€9,518€11,990▲
Trade debts44€8,264€9,830▲
Suppliers440/4€8,264€9,830▲
Taxes, remuneration and social security45€0€1,007▲
Taxes450/3€0€1,007▲
Other amounts payable47/48€1,254€1,154▼
Income statement Code20242025
Other operating charges640/8€528€1,785▲
Gross operating margin9900-€816-€3,444▼
Operating profit (loss)9901-€1,344-€5,229▼
Financial income75/76B€291€249▼
Recurring financial income75€291€249▼
Financial charges65/66B€102€160▲
Recurring financial charges65€102€160▲
Profit (loss) for the period before taxes9903-€1,155-€5,140▼
Profit (loss) for the period9904-€1,155-€5,140▼
Profit (loss) for the period to be appropriated9905-€1,155-€5,140▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,203-€8,343▼
Profit (loss) brought forward from the previous period14P-€2,049-€3,203▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€340€57----
Other operating charges640/8€468€469€536€528€1,785▲ 238%
Gross operating margin9900€4,625-€1,075-€1,171-€816-€3,444▼ 322%
Operating profit (loss)9901€3,817-€1,601-€1,707-€1,344-€5,229▼ 289%
Financial income75/76B€303€303€303€291€249▼ 14.4%
Recurring financial income75€303€303€303€291€249▼ 14.4%
Financial charges65/66B€133€457€138€102€160▲ 56.5%
Recurring financial charges65€133€457€138€102€160▲ 56.5%
Profit (loss) for the period before taxes9903€3,987-€1,755-€1,542-€1,155-€5,140▼ 345%
Profit (loss) for the period9904€3,987-€1,755-€1,542-€1,155-€5,140▼ 345%
Profit (loss) for the period to be appropriated9905€3,987-€1,755-€1,542-€1,155-€5,140▼ 345%
Line20212022202320242025Change
Assets
Total assets20/58€25,847€12,434€12,598€12,600€9,932▼ 21.2%
Formation expenses20€57-----
Current assets29/58€25,790€12,434€12,598€12,600€9,932▼ 21.2%
Amounts receivable within one year40/41€16,604€10,195€10,640€10,440€9,899▼ 5.2%
Trade receivables40€6,300€57€430€430--
Other amounts receivable41€10,304€10,138€10,210€10,010€9,899▼ 1.1%
Cash at bank and in hand54/58€7,940€690€106€17€33▲ 96.3%
Deferred charges and accrued income490/1€1,246€1,549€1,852€2,143--
Equity and liabilities
Total equity and liabilities10/49€25,847€12,434€12,598€12,600€9,932▼ 21.2%
Equity10/15€7,534€5,779€4,236€3,082-€2,058▼ 167%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€85€85€85€85€85=
Non-distributable reserves130/1€85€85€85€85€85=
Reserves not available under the articles1311€85€85€85€85€85=
Profit (loss) carried forward14€1,249-€506-€2,049-€3,203-€8,343▼ 160%
Amounts payable17/49€18,313€6,655€8,362€9,518€11,990▲ 26.0%
Amounts payable within one year42/48€18,313€6,655€8,362€9,518€11,990▲ 26.0%
Trade debts44€17,059€5,227€6,934€8,264€9,830▲ 18.9%
Suppliers440/4€17,059€5,227€6,934€8,264€9,830▲ 18.9%
Taxes, remuneration and social security45€54€174€174€0€1,007-
Taxes450/3€54€174€174€0€1,007-
Other amounts payable47/48€1,200€1,254€1,254€1,254€1,154▼ 8.0%
Line20212022202320242025Change
Profit (loss) for the period9904€3,987-€1,755-€1,542-€1,155-€5,140▼ 345%
+ Depreciation and write-downs630€340€57----
Operating cash flow (approximation)€4,327-€1,699-€1,542-€1,155-€5,140▼ 345%
Change in cash--€7,250-€583-€89€16▲ 118%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€5,140
Net result drops to -€5,140, the lowest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
25-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 237 days late
2023
31-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
15-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-12
Financial Back to profitnet €3,987
Net result €3,987 after one loss-making year.
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
20-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2018
31-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Kruisem · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1,530 m²
Building footprint
449 m²
Volume, LiDAR
2,188 m³
2 parcels, Flanders · tallest building 11.8 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
BOCOV
Tapuitstraat 16, 9000 GentJoinery installation
since 20172.262.960.510
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45057A0450/00N002 Flanders 1,198 m² 1 · 448 m² 11.8 m · 1 fl.
44810K0143/00Z000 Flanders 332 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded16-03-2017
Fiscal year end31-12
Contact
E-mail frank.hesters@telenet.beGent
Phone 0473 39 30 12Gent
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.