BOFIDI ADVISORY
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-07-2024, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
23 d early
2022
25 d early
2021
39 d early
2020
24 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 17 days before 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 (1)
Financials · fiscal year 2023, abbreviated schema
Turnover
€1.5m▲ 137%
2020 · €619,615
EBIT margin
11.4%▲ 34.1pp
2020 · -22.7%
Net result
-€87,540
2022 · €9.0m
Working capital
€174,052▼ 34.2%
2022 · €264,349
Trend over the years
In euros
In per cent
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€604,716▲ 61.4%€619,615▲ 2.5%€1.5m▲ 137%
Operating result€73,746▼ 42.8%-€140,672€167,420-€99,674-€49,755▲ 50.1%
Net result€23,127▼ 74.9%-€191,256€161,935€9.0m▲ 5,430%-€87,540
EBIT margin12.2%▼ 22.2pp-22.7%▼ 34.9pp11.4%▲ 34.1pp
Equity€1.0m▲ 1.8%€834,309▼ 18.6%€996,244▲ 19.4%€259,349▼ 74.0%€171,809▼ 33.8%
Total assets€1.8m▼ 8.2%€1.7m▼ 7.7%€1.8m▲ 7.2%€10.4m▲ 478%€716,460▼ 93.1%
Debt€796,416▼ 18.5%€846,662▲ 6.3%€806,288▼ 4.8%€10.2m▲ 1,160%€544,651▼ 94.6%
Working capital-€262,421▲ 9.5%-€500,796▼ 90.8%-€338,862▲ 32.3%€264,349€174,052▼ 34.2%
Staff (FTE)1.94▲ 111%6.3▲ 57.5%10▲ 58.7%12.2▲ 22.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €49,755 in 2023 against €99,674 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €716,460
Equity
€171,809 ▼ 33.8%
Debt
€544,651 ▼ 94.6%
Debt's share of the balance-sheet total falls from 97.5% to 76.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.32▲
2022 · 1.03
Quick ratio
1.08▲
2022 · 1.02
Debt to equity
3.17▼
2022 · 39.17
ROE
-51.0%
ROA
-12.2%▼
2022 · 86.0%
Debt ≤ 1 year
€542,407▼
2022 · €10.2m
Income taxes
€0▼
2022 · €2,421
Staff costs
€866,297▲
2022 · €601,073
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €604,716 | €619,615 | €1.5m | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €5,000 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €958,343 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €364,855 | €601,073 | €866,297 | ▲ 44.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6,526 | - |
| Other operating charges640/8 | - | - | €1,126 | €1,100 | €1,725 | ▲ 56.8% |
| Gross operating margin9900 | €181,513 | €91,355 | €533,402 | €502,498 | €824,793 | ▲ 64.1% |
| Operating profit (loss)9901 | €73,746 | -€140,672 | €167,420 | -€99,674 | -€49,755 | ▲ 50.1% |
| Financial income75/76B | - | - | €153 | €9.1m | €1 | ▼ 100.0% |
| Recurring financial income75 | €11,987 | €68 | €153 | €711,731 | €1 | ▼ 100.0% |
| Non-recurring financial income76B | - | - | - | €8.4m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €3,670 | €31,373 | €37,786 | ▲ 20.4% |
| Recurring financial charges65 | €48,500 | €49,836 | €3,670 | €6,426 | €37,786 | ▲ 488% |
| Non-recurring financial charges66B | - | - | - | €24,947 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €37,233 | -€190,440 | €163,904 | €9.0m | -€87,540 | ▼ 101% |
| Income taxes67/77 | €14,105 | €816 | €1,969 | €2,421 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €23,127 | -€191,256 | €161,935 | €9.0m | -€87,540 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €23,127 | -€191,256 | €161,935 | €9.0m | -€87,540 | ▼ 101% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €1.8m | €10.4m | €716,460 | ▼ 93.1% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €0 | - | - |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €0 | - | - |
| Current assets29/58 | €481,877 | €340,866 | €462,426 | €10.4m | €716,460 | ▼ 93.1% |
| Stocks and contracts in progress3 | €5,005 | €69,053 | €70,000 | €111,188 | €129,016 | ▲ 16.0% |
| Contracts in progress37 | - | - | €70,000 | €111,188 | €129,016 | ▲ 16.0% |
| Amounts receivable within one year40/41 | €470,972 | €211,742 | €330,848 | €10.2m | €314,003 | ▼ 96.9% |
| Trade receivables40 | - | - | €318,536 | €504,100 | €299,010 | ▼ 40.7% |
| Other amounts receivable41 | - | - | €12,312 | €9.7m | €14,993 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €2,404 | €53,060 | €43,369 | €108,829 | €273,441 | ▲ 151% |
| Deferred charges and accrued income490/1 | - | - | €18,209 | €1,639 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.8m | €10.4m | €716,460 | ▼ 93.1% |
| Equity10/15 | €1.0m | €834,309 | €996,244 | €259,349 | €171,809 | ▼ 33.8% |
| Contributions10/11 | €130,000 | - | €130,000 | €130,000 | €130,000 | = |
| Outside capital11 | - | - | €130,000 | €130,000 | - | - |
| Other1109/19 | - | - | €130,000 | €130,000 | - | - |
| Reserves13 | €895,566 | €704,309 | €866,244 | €129,349 | €129,349 | = |
| Non-distributable reserves130/1 | - | - | €16,000 | €16,000 | €16,000 | = |
| Reserves not available under the articles1311 | - | - | €16,000 | €16,000 | €16,000 | = |
| Distributable reserves133 | - | - | €850,244 | €113,349 | €113,349 | = |
| Profit (loss) carried forward14 | - | - | - | €0 | -€87,540 | - |
| Amounts payable17/49 | €796,416 | €846,662 | €806,288 | €10.2m | €544,651 | ▼ 94.6% |
| Amounts payable within one year42/48 | €744,298 | €841,662 | €801,288 | €10.2m | €542,407 | ▼ 94.7% |
| Trade debts44 | €67,319 | €107,436 | €136,240 | €320,321 | €205,746 | ▼ 35.8% |
| Suppliers440/4 | - | - | €136,240 | €320,321 | €205,746 | ▼ 35.8% |
| Taxes, remuneration and social security45 | - | - | €87,548 | €141,086 | €172,360 | ▲ 22.2% |
| Taxes450/3 | - | - | €6,261 | €48,001 | €40,082 | ▼ 16.5% |
| Remuneration and social security454/9 | - | - | €81,287 | €93,085 | €132,278 | ▲ 42.1% |
| Other amounts payable47/48 | - | - | €577,500 | €9.7m | €164,301 | ▼ 98.3% |
| Accrued charges and deferred income492/3 | - | - | €5,000 | €5,000 | €2,243 | ▼ 55.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,127 | -€191,256 | €161,935 | €9.0m | -€87,540 | ▼ 101% |
| Operating cash flow (approximation) | €23,127 | -€191,256 | €161,935 | €9.0m | -€87,540 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1.3m | - | - |
| Change in cash | - | €50,656 | -€9,691 | €65,460 | €164,611 | ▲ 151% |
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
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €9.0m ▲5,430%
Net result €9.0m, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €161,935
Net result €161,935 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€191,256
Net result drops to -€191,256, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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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Structure & network
Owners and holdings
1 owner · 5 holdingsOwners 1
-
0.08%
Holdings 5
-
99.92%
-
69%
-
50.83%
-
49.63%
-
49.5%
According to the 2021 annual accounts of BOFIDI ADVISORY and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 4,337 EUR awarded · 4,297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 2,515 EUR | 2,475 EUR |
| 2022 | 1 | 1,822 EUR | 1,822 EUR |