BOFA
ActiveSummary
BOFA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €450,075 and a net result of €221,175. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+19
Solvency100▲+53
Growth30=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.08 in 2024; short-term debt: 10.2% of total assets), and 10.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.8%
Return on assets
44.1%
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 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 27-03-2026, 126 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
126 d early
2024
27 d late
2023
61 d late
2022
12 d early
2021
31 d late
2020
25 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 oldest company in Herenthout, Manufacturing sector#8 company by equity in Herenthout, Manufacturing sector
Turnover
€30,498▼ 10.1%
2019 · €33,938
EBIT margin
738.8%▲ 153.5pp
2019 · 585.2%
Net result
€221,175▼ 18.9%
2024 · €272,758
Working capital
€12,762▼ 92.6%
2024 · €173,427
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
Turnover
Operating result€228,848▲ 1.6%€305,640▲ 33.6%€373,300▲ 22.1%€344,055▼ 7.8%€310,716▼ 9.7%
Net result€199,645▲ 12.9%€196,955▼ 1.3%€301,471▲ 53.1%€272,758▼ 9.5%€221,175▼ 18.9%
EBIT margin
Equity€1.7m▲ 13.3%€1.9m▲ 11.6%€2.2m▲ 15.9%€624,400▼ 71.5%€450,075▼ 27.9%
Total assets€1.9m▲ 13.2%€2.1m▲ 7.2%€2.3m▲ 12.6%€2.8m▲ 18.6%€501,330▼ 82.0%
Debt€249,341▲ 12.5%€191,647▼ 23.1%€153,722▼ 19.8%€2.2m▲ 1,306%€51,255▼ 97.6%
Working capital€1.3m▲ 19.5%€1.4m▲ 13.1%€1.8m▲ 22.2%€173,427▼ 90.2%€12,762▼ 92.6%
Staff (FTE)3▼ 6.3%2▼ 33.3%2=0▼ 100%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €501,330
Fixed assets
€437,314 ▼ 3.0%
Current assets
€64,017 ▼ 97.3%
Equity and liabilities €501,330
Equity
€450,075 ▼ 27.9%
Debt
€51,255 ▼ 97.6%
Debt's share of the balance-sheet total falls from 77.6% to 10.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€324,475▼
2024 · €359,071
Cash flow
€234,934▼
2024 · €287,774
Current ratio
1.25▲
2024 · 1.08
Debt to equity
0.11▼
2024 · 3.46
ROE
49.1%▲
2024 · 43.7%
ROA
44.1%▲
2024 · 9.8%
Interest coverage
12979.00▲
2024 · 552.61
Debt ≤ 1 year
€51,255▼
2024 · €2.2m
Income taxes
€104,388▲
2024 · €102,167
Staff costs
-€1,608▼
2024 · -€301
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €47,386 | €0 | €2,000 | - |
| Remuneration, social security and pensions62 | €186,725 | €113,273 | €121,013 | -€301 | -€1,608 | ▼ 434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,731 | €28,100 | €18,514 | €15,016 | €13,759 | ▼ 8.4% |
| Other operating charges640/8 | €41,350 | €42,252 | €49,290 | €46,020 | €44,675 | ▼ 2.9% |
| Non-recurring operating charges66A | - | €50 | - | - | - | - |
| Gross operating margin9900 | €494,654 | €489,315 | €562,118 | €404,791 | €367,542 | ▼ 9.2% |
| Operating profit (loss)9901 | €228,848 | €305,640 | €373,300 | €344,055 | €310,716 | ▼ 9.7% |
| Financial income75/76B | - | €1,097 | €41,423 | €31,520 | €14,872 | ▼ 52.8% |
| Recurring financial income75 | - | €1,097 | €41,423 | €31,520 | €14,872 | ▼ 52.8% |
| Financial charges65/66B | €717 | €2,326 | €1,643 | €650 | €25 | ▼ 96.2% |
| Recurring financial charges65 | €717 | €2,326 | €1,643 | €650 | €25 | ▼ 96.2% |
| Profit (loss) for the period before taxes9903 | €228,131 | €304,411 | €413,080 | €374,925 | €325,563 | ▼ 13.2% |
| Income taxes67/77 | €28,486 | €107,457 | €111,609 | €102,167 | €104,388 | ▲ 2.2% |
| Profit (loss) for the period9904 | €199,645 | €196,955 | €301,471 | €272,758 | €221,175 | ▼ 18.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €75,780 | €84,200 | ▲ 11.1% |
| Transfer to tax-exempt reserves689 | €84,200 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €115,445 | €196,955 | €301,471 | €348,538 | €305,375 | ▼ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.1m | €2.3m | €2.8m | €501,330 | ▼ 82.0% |
| Fixed assets21/28 | €477,418 | €449,317 | €430,803 | €450,973 | €437,314 | ▼ 3.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €477,062 | €448,962 | €430,447 | €450,617 | €436,858 | ▼ 3.1% |
| Land and buildings22 | €475,229 | €448,962 | €430,447 | €450,617 | €436,858 | ▼ 3.1% |
| Plant, machinery and equipment23 | €1,833 | - | - | - | - | - |
| Financial fixed assets28 | €356 | €356 | €356 | €356 | €456 | ▲ 28.1% |
| Current assets29/58 | €1.5m | €1.6m | €1.9m | €2.3m | €64,017 | ▼ 97.3% |
| Amounts receivable within one year40/41 | €1.5m | €1.6m | €1.9m | €2.3m | €64,017 | ▼ 97.2% |
| Trade receivables40 | €469,933 | €229,028 | €209,845 | €101,776 | €64,017 | ▼ 37.1% |
| Other amounts receivable41 | €996,816 | €1.4m | €1.7m | €2.2m | - | - |
| Cash at bank and in hand54/58 | €876 | €2,676 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €40,220 | €31,990 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €2.3m | €2.8m | €501,330 | ▼ 82.0% |
| Equity10/15 | €1.7m | €1.9m | €2.2m | €624,400 | €450,075 | ▼ 27.9% |
| Contributions10/11 | €457,000 | €457,000 | €457,000 | €457,000 | €61,500 | ▼ 86.5% |
| Capital10 | €457,000 | €457,000 | €457,000 | €457,000 | €61,500 | ▼ 86.5% |
| Issued capital100 | €457,000 | €457,000 | €457,000 | €457,000 | €61,500 | ▼ 86.5% |
| Reserves13 | €243,180 | €243,180 | €243,180 | €167,400 | €83,200 | ▼ 50.3% |
| Non-distributable reserves130/1 | €45,700 | €45,700 | €45,700 | €45,700 | €45,700 | = |
| Legal reserve130 | €45,700 | €45,700 | €45,700 | €45,700 | €45,700 | = |
| Tax-exempt reserves132 | €197,480 | €197,480 | €197,480 | €121,700 | €37,500 | ▼ 69.2% |
| Profit (loss) carried forward14 | €995,522 | €1.2m | €1.5m | - | €305,375 | - |
| Amounts payable17/49 | €249,341 | €191,647 | €153,722 | €2.2m | €51,255 | ▼ 97.6% |
| Amounts payable after more than one year17 | €58,080 | - | - | - | - | - |
| Trade debts175 | €58,080 | - | - | - | - | - |
| Amounts payable within one year42/48 | €191,261 | €191,647 | €153,722 | €2.2m | €51,255 | ▼ 97.6% |
| Trade debts44 | €121,382 | €158,751 | €35,617 | €130,711 | €9,305 | ▼ 92.9% |
| Suppliers440/4 | €121,382 | €158,751 | €35,617 | €130,711 | €9,305 | ▼ 92.9% |
| Taxes, remuneration and social security45 | €49,726 | €32,743 | €117,951 | €187,638 | €13,996 | ▼ 92.5% |
| Taxes450/3 | €25,098 | €13,249 | €117,951 | €187,638 | €13,996 | ▼ 92.5% |
| Remuneration and social security454/9 | €24,628 | €19,494 | - | - | - | - |
| Other amounts payable47/48 | €20,153 | €153 | €153 | €1.8m | €27,954 | ▼ 98.5% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €199,645 | €196,955 | €301,471 | €272,758 | €221,175 | ▼ 18.9% |
| + Depreciation and write-downs630 | €37,731 | €28,100 | €18,514 | €15,016 | €13,759 | ▼ 8.4% |
| Operating cash flow (approximation) | €237,376 | €225,055 | €319,986 | €287,774 | €234,934 | ▼ 18.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€35,186 | -€100 | ▲ 99.7% |
| Change in cash | - | €1,800 | - | - | - | - |
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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Equity above €2mEq €2.2m ▲15.9%
6 profitable years in a row build equity to €2.2m.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €176,901 ▼4.8%
Net result drops to €176,901, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Herenthout · 1 establishment unit since 1992
Ground area
1.3 ha
Building footprint
1.2 ha
Volume, LiDAR
70,696 m³
Parcel 13012A0398/00K000, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BOFA
since 19922.058.632.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012A0398/00K000 | Flanders | 1.3 ha | 1 · 1.2 ha | 12.4 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.
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Of 105 companies in sector 16210 we hold annual accounts for 75. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-06342/07.09)