Skip to content

BOEL CONSTRUCT

Active
Private limited companyfounded 200620 yrs activeSchouwingstraat 51, 9032 Gent, BelgiumKBO/BCE: BE 0879.896.403
Summary

The computed 12-month bankruptcy probability of BOEL CONSTRUCT is 7.3% (elevated). The 2024 annual accounts show negative equity (-€537,880) and a net result of -€51,495. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 5% of 36399 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
BOEL CONSTRUCTActiveChecked score 32/100
Risk analysis ReportCompare

Overview

Activity
Other building finishing work
NACE 43350NACE 43390
1 site
Size
€225,356total assets 2024
Equity
-€537,880
Loss
-€51,495
Turnover not published (abridged schema)
Financial health
32 Weak Checked score 2024
Bankruptcy chance 12 m
7.3%
Structure
Accounts 66 d overdue0 of 3 deeds read
Why 32- 1 financial year not filed after the legal deadline; latest accounts 398 days late; 3 of the last 3 late- Loss of €51,495, the second in a row (FY 2024)- Liquidity: current ratio 0.30, cash €1,820, halved+ Founded in 2006Show the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 8% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -238.7% of total assets
Liquidity 1-2
short-term debt 215.6% · cash 0.8%
Profitability 0=
return on assets -22.9%
Bankruptcy probability, 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 4.1%lowest value 12-2024: 5.2%▲ +26.8% vs 11-2024 01-2025: 8.5%▲ +64.5% vs 12-2024 02-2025: 8.5%● 0.0% vs 01-2025 03-2025: 8.8%▲ +2.9% vs 02-2025 04-2025: 6.4%▼ -27.7% vs 03-2025 05-2025: 6.3%▼ -1.5% vs 04-2025 06-2025: 6.0%▼ -4.2% vs 05-2025 07-2025: 6.1%▲ +1.0% vs 06-2025 08-2025: 6.2%▲ +2.3% vs 07-2025 09-2025: 6.1%▼ -1.9% vs 08-2025 10-2025: 6.2%▲ +1.4% vs 09-2025 11-2025: 5.9%▼ -4.8% vs 10-2025 12-2025: 6.9%▲ +16.9% vs 11-2025 01-2026: 9.9%▲ +44.8% vs 12-2025 02-2026: 9.9%● 0.0% vs 01-2026 03-2026: 10.3%▲ +3.7% vs 02-2026 04-2026: 9.4%▼ -8.3% vs 03-2026 05-2026: 9.3%▼ -1.4% vs 04-2026 06-2026: 9.3%● 0.0% vs 05-2026 07-2026: 9.3%● 0.0% vs 06-2026 08-2026: 11.5%▲ +23.7% vs 07-2026highest value 09-2026: 11.5%● 0.0% vs 08-2026highest value 10-2026: 7.3%▼ -37.0% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 398 days late; 3 of the last 3 late raises the probability
  • Founded in 2006 lowers the probability for this profile
  • Loss of €51,495, the second in a row (FY 2024) raises the probability
  • Liquidity: current ratio 0.30, cash €1,820, halved raises the probability
No credit on open account
Liquidity short (current ratio 0.3 against 0.25 in 2023; short-term debt: 215.6% and cash: 0.8% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 2%, profitability 4%, growth against the median 23%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 398 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 2006
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Loss of €51,495, the second in a row (FY 2024)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.30, cash €1,820, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€537,880
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2026, 398 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
398 d late
2023
222 d late
2022
352 d late
2021
24 d early
2020
24 d early
2019
117 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 174 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Weakest financial yearnet -€51,495

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€537,880 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€51,495 View
  • Caution: Among the weakest 5% on solvencysector median 46.6% · 36,399 companies -238.7% View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View

By topic

Financials

Fiscal year
2024
Total assets
€225,356
Loss
-€51,495
Solvency
-238.7%
Total assets▲ 28.3%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 02-09-2026Annual accounts filed
  2. 10-03-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other building finishing workNACE 43350
Founded
09-03-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure