BOFIT
ActiveSummary
The annual accounts of BOFIT for fiscal year 2025 show a net loss of 111% of the equity at the start of that year. The 2025 annual accounts show equity of €1.7m and a net result of -€13,030. Equity is shrinking by ~8.8% per year across the filed fiscal years. The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+4
Solvency100▲+72
Growth66▲+19
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.05 against 0.05 in 2024; short-term debt: 16.9% and cash: 0.4% of total assets), and 16.9% of the assets are financed with debt.
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Signals
Six 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
83.1%
Return on assets
-0.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.7m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d late
2023
31 d late
2022
43 d late
2021
26 d late
2020
31 d late
2019
396 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€45,726▲ 30.8%
2024 · €34,953
EBIT margin
-28.2%▲ 14.6pp
2024 · -42.9%
Net result
-€13,030▲ 14.0%
2024 · -€15,148
Working capital
-€336,315▼ 8.0%
2024 · -€311,323
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€37,193€0▼ 100%€45,437€34,953▼ 23.1%€45,726▲ 30.8%
Operating result-€5,322€2,597-€4,325-€14,978▼ 246%-€12,897▲ 13.9%
Net result-€5,349€2,287-€4,455-€15,148▼ 240%-€13,030▲ 14.0%
EBIT margin-14.3%-9.5%-42.9%▼ 33.3pp-28.2%▲ 14.6pp
Equity€30,098▼ 22.1%€32,385▲ 7.6%€27,930▼ 13.8%€11,707▼ 58.1%€1.7m▲ 14,837%
Total assets€356,086▲ 0.1%€360,685▲ 1.3%€340,696▼ 5.5%€337,862▼ 0.8%€2.1m▲ 523%
Debt€325,988▲ 2.8%€328,300▲ 0.7%€312,766▼ 4.7%€326,155▲ 4.3%€355,232▲ 8.9%
Working capital-€278,408▲ 6.2%-€262,315▲ 5.8%-€291,678▼ 11.2%-€311,323▼ 6.7%-€336,315▼ 8.0%
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 €12,897 in 2025 against €14,978 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€2.1m ▲ 545%
Current assets
€18,917 ▲ 27.5%
Equity and liabilities €2.1m
Equity
€1.7m ▲ 14,837%
Debt
€355,232 ▲ 8.9%
Debt's share of the balance-sheet total falls from 96.5% to 16.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,297▲
2024 · €13,570
Cash flow
€21,164▲
2024 · €13,400
Current ratio
0.05▲
2024 · 0.05
Debt to equity
0.20▼
2024 · 27.86
ROE
-0.7%▲
2024 · -129.4%
ROA
-0.6%▲
2024 · -4.5%
Interest coverage
152.07▲
2024 · 79.82
Debt ≤ 1 year
€355,232▲
2024 · €326,155
Staff costs
€400▲
2024 · €387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
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 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €37,193 | €0 | €45,437 | €34,953 | €45,726 | ▲ 30.8% |
| Goods, raw materials, services and sundry goods60/61 | €12,710 | €11,194 | €14,170 | €15,379 | €17,187 | ▲ 11.8% |
| Remuneration, social security and pensions62 | €348 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,405 | €23,603 | €27,121 | €28,548 | €34,195 | ▲ 19.8% |
| Other operating charges640/8 | €6,052 | €6,259 | €8,086 | €6,905 | €6,841 | ▼ 0.9% |
| Gross operating margin9900 | €24,483 | €32,807 | €31,266 | €20,863 | €28,538 | ▲ 36.8% |
| Operating profit (loss)9901 | -€5,322 | €2,597 | -€4,325 | -€14,978 | -€12,897 | ▲ 13.9% |
| Financial income75/76B | €73 | - | - | - | €7 | - |
| Recurring financial income75 | €73 | - | - | - | €7 | - |
| Non-recurring financial income76B | - | - | - | - | €7 | - |
| Financial charges65/66B | €100 | €310 | €130 | €170 | €140 | ▼ 17.6% |
| Recurring financial charges65 | €100 | €310 | €130 | €170 | €140 | ▼ 17.6% |
| Profit (loss) for the period before taxes9903 | -€5,349 | €2,287 | -€4,455 | -€15,148 | -€13,030 | ▲ 14.0% |
| Profit (loss) for the period9904 | -€5,349 | €2,287 | -€4,455 | -€15,148 | -€13,030 | ▲ 14.0% |
| Profit (loss) for the period to be appropriated9905 | -€5,349 | €2,287 | -€4,455 | -€15,148 | -€13,030 | ▲ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €356,086 | €360,685 | €340,696 | €337,862 | €2.1m | ▲ 523% |
| Fixed assets21/28 | €308,506 | €294,700 | €319,608 | €323,030 | €2.1m | ▲ 545% |
| Tangible fixed assets22/27 | €308,506 | €294,700 | €319,608 | €323,030 | €2.1m | ▲ 545% |
| Land and buildings22 | €235,951 | €221,722 | €240,238 | €253,353 | €2.0m | ▲ 697% |
| Plant, machinery and equipment23 | €72,555 | €72,978 | €79,370 | €69,677 | €64,535 | ▼ 7.4% |
| Current assets29/58 | €47,580 | €65,985 | €21,089 | €14,832 | €18,917 | ▲ 27.5% |
| Amounts receivable within one year40/41 | €9,250 | €9,250 | €9,250 | €9,250 | €9,407 | ▲ 1.7% |
| Trade receivables40 | €9,250 | €9,250 | €9,250 | €9,250 | €9,407 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €37,275 | €53,717 | €10,784 | €4,900 | €8,828 | ▲ 80.2% |
| Deferred charges and accrued income490/1 | €1,055 | €3,018 | €1,055 | €682 | €682 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €356,086 | €360,685 | €340,696 | €337,862 | €2.1m | ▲ 523% |
| Equity10/15 | €30,098 | €32,385 | €27,930 | €11,707 | €1.7m | ▲ 14,837% |
| Contributions10/11 | €210,710 | €210,710 | €210,710 | €210,710 | €210,710 | = |
| Capital10 | €0 | - | - | - | - | - |
| Issued capital100 | €0 | - | - | - | - | - |
| Outside capital11 | €210,710 | €210,710 | - | - | - | - |
| Other1109/19 | €210,710 | €210,710 | - | - | - | - |
| Revaluation surpluses12 | - | - | - | - | €1.8m | - |
| Profit (loss) carried forward14 | -€180,611 | -€178,325 | -€182,779 | -€199,002 | -€212,032 | ▼ 6.5% |
| Amounts payable17/49 | €325,988 | €328,300 | €312,766 | €326,155 | €355,232 | ▲ 8.9% |
| Amounts payable within one year42/48 | €325,988 | €328,300 | €312,766 | €326,155 | €355,232 | ▲ 8.9% |
| Trade debts44 | €146 | €2,458 | €2,576 | €953 | - | - |
| Suppliers440/4 | €146 | €2,458 | €2,576 | €953 | - | - |
| Other amounts payable47/48 | €325,842 | €325,842 | €310,190 | €325,202 | €355,232 | ▲ 9.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,349 | €2,287 | -€4,455 | -€15,148 | -€13,030 | ▲ 14.0% |
| + Depreciation and write-downs630 | €23,405 | €23,603 | €27,121 | €28,548 | €34,195 | ▲ 19.8% |
| Operating cash flow (approximation) | €18,057 | €25,890 | €22,666 | €13,400 | €21,164 | ▲ 57.9% |
| Investment in fixed assets (approximation) | - | -€9,797 | -€52,029 | -€31,970 | -€1.8m | ▼ 5,518% |
| Change in cash | - | €16,442 | -€42,934 | -€5,884 | €3,928 | ▲ 167% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €1mEq €1.7m ▲14,837%
Equity rises from €11,707 to €1.7m.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 43 days late
2022
31-12
Financial
Back to profitnet €2,287
Net result €2,287 after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 396 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 300 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Aalst · 1 establishment unit since 1988
Ground area
275 m²
Building footprint
113 m²
Volume, LiDAR
706 m³
Parcel 41002B0219/00D002, Flanders · tallest building 13.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BOFIT
since 19882.040.764.291
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0219/00D002 | Flanders | 275 m² | 1 · 113 m² | 13.1 m · 1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded10-10-1988
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435427258
Also
9925:BE0435427258
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.