BOELTIE
ActiveSummary
The computed 12-month bankruptcy probability of BOELTIE is 2.7% (moderate). The 2025 annual accounts show negative equity (-€64,378) and a net result of -€5,253. Equity is shrinking by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 11547 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+22
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.65 in 2024; short-term debt: 181.9% and cash: 13.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-86.2%
Return on assets
-7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€64,378
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed 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 31 July (3 of the last 3 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€64,378▼ 8.9%
2024 · -€59,124
Total assets
€74,641▼ 47.1%
2024 · €141,181
Net result
-€5,253▲ 90.9%
2024 · -€57,999
Working capital
-€70,880▼ 5.9%
2024 · -€66,906
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€3,129--€52,059▼ 1,564%-€3,602▲ 93.1%
Net result-€8,626below the sector's middle half--€57,999below the sector's middle half▼ 572%-€5,253below the sector's middle half▲ 90.9%
Equity-€1,126below the sector's middle half--€59,124below the sector's middle half▼ 5,153%-€64,378below the sector's middle half▼ 8.9%
Total assets€138,451within the sector's middle half-€141,181within the sector's middle half▲ 2.0%€74,641within the sector's middle half▼ 47.1%
Debt€139,577-€200,305▲ 43.5%€139,019▼ 30.6%
Working capital€1,111within the sector's middle half--€66,906below the sector's middle half-€70,880below the sector's middle half▼ 5.9%
Solvency-0.8%below the sector's middle half--41.9%below the sector's middle half▼ 41.1pp-86.2%below the sector's middle half▼ 44.4pp
Current ratio1.01within the sector's middle half-0.65below the sector's middle half▼ 0.360.48below the sector's middle half▼ 0.17
Return on assets (ROA)-6.2%below the sector's middle half--41.1%below the sector's middle half▼ 34.9pp-7.0%below the sector's middle half▲ 34.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,602 in 2025 against €52,059 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,641
Fixed assets
€9,748 ▼ 38.1%
Current assets
€64,893 ▼ 48.3%
Key figures and ratios
EBITDA
€2,398▲
2024 · -€46,059
Cash flow
€747▲
2024 · -€51,999
Quick ratio
0.22▲
2024 · 0.16
Debt to equity
-2.16▲
2024 · -3.39
Interest coverage
1.45▲
2024 · -7.75
Debt ≤ 1 year
€135,773▼
2024 · €192,339
Debt > 1 year
€3,246▼
2024 · €7,966
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
4.6%
went bankrupt
3.6%
stopped otherwise
92%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,340 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% 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 1,555 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,252 | €6,000 | €6,000 | = |
| Other operating charges640/8 | €874 | €118 | €520 | ▲ 340% |
| Gross operating margin9900 | €5,997 | -€45,941 | €2,918 | ▲ 106% |
| Operating profit (loss)9901 | -€3,129 | -€52,059 | -€3,602 | ▲ 93.1% |
| Financial income75/76B | €2,668 | - | €0 | - |
| Recurring financial income75 | €2,668 | - | €0 | - |
| Financial charges65/66B | €8,165 | €5,940 | €1,651 | ▼ 72.2% |
| Recurring financial charges65 | €8,165 | €5,940 | €1,651 | ▼ 72.2% |
| Profit (loss) for the period before taxes9903 | -€8,626 | -€57,999 | -€5,253 | ▲ 90.9% |
| Profit (loss) for the period9904 | -€8,626 | -€57,999 | -€5,253 | ▲ 90.9% |
| Profit (loss) for the period to be appropriated9905 | -€8,626 | -€57,999 | -€5,253 | ▲ 90.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €138,451 | €141,181 | €74,641 | ▼ 47.1% |
| Fixed assets21/28 | €21,748 | €15,748 | €9,748 | ▼ 38.1% |
| Intangible fixed assets21 | €21,748 | €15,748 | €9,748 | ▼ 38.1% |
| Current assets29/58 | €116,703 | €125,433 | €64,893 | ▼ 48.3% |
| Stocks and contracts in progress3 | €70,971 | €95,025 | €35,524 | ▼ 62.6% |
| Stocks30/36 | €70,971 | €95,025 | €35,524 | ▼ 62.6% |
| Amounts receivable within one year40/41 | €22,035 | €22,656 | €19,120 | ▼ 15.6% |
| Trade receivables40 | €21,172 | €22,656 | €19,120 | ▼ 15.6% |
| Other amounts receivable41 | €863 | - | - | - |
| Cash at bank and in hand54/58 | €9,076 | €3,576 | €10,131 | ▲ 183% |
| Deferred charges and accrued income490/1 | €14,622 | €4,176 | €119 | ▼ 97.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €138,451 | €141,181 | €74,641 | ▼ 47.1% |
| Equity10/15 | -€1,126 | -€59,124 | -€64,378 | ▼ 8.9% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | -€8,626 | -€66,624 | -€71,878 | ▼ 7.9% |
| Amounts payable17/49 | €139,577 | €200,305 | €139,019 | ▼ 30.6% |
| Amounts payable after more than one year17 | €23,984 | €7,966 | €3,246 | ▼ 59.3% |
| Financial debts170/4 | €23,984 | €7,966 | €3,246 | ▼ 59.3% |
| Amounts payable within one year42/48 | €115,593 | €192,339 | €135,773 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | €31,432 | €16,018 | €4,721 | ▼ 70.5% |
| Financial debts43 | €40,564 | €30,414 | - | - |
| Credit institutions430/8 | €40,564 | €30,414 | - | - |
| Trade debts44 | €35,602 | €68,328 | €47,622 | ▼ 30.3% |
| Suppliers440/4 | €35,602 | €68,328 | €47,622 | ▼ 30.3% |
| Taxes, remuneration and social security45 | €1,886 | €1,306 | €6,505 | ▲ 398% |
| Taxes450/3 | €1,886 | €1,306 | €6,505 | ▲ 398% |
| Other amounts payable47/48 | €6,108 | €76,274 | €76,926 | ▲ 0.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,626 | -€57,999 | -€5,253 | ▲ 90.9% |
| + Depreciation and write-downs630 | €8,252 | €6,000 | €6,000 | = |
| Operating cash flow (approximation) | -€374 | -€51,999 | €747 | ▲ 101% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€5,499 | €6,555 | ▲ 219% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€57,999
Net result drops to -€57,999, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brecht · 1 establishment unit since 2022
Ground area
680 m²
Building footprint
194 m²
Volume, LiDAR
976 m³
Parcel 11042B0101/00N000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BOELTIE
since 20222.329.244.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042B0101/00N000 | Flanders | 680 m² | 1 · 194 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 750 EUR | 750 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,307 companies in sector 46423 we hold annual accounts for 810. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
46425Wholesale trade
46498Wholesale trade
47511Retail trade
47519Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783734066
Also
9925:BE0783734066
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.