BOFLEX
ActiveBOFLEX has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.67M and a net result of €-192k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-2
Solvency100=
Growth32▼-1
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days only on tighter terms
Liquidity ample (current ratio 4.0 against 4.17 in 2024), and 22.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
77.4%
Return on assets
-8.9%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€192k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
30 d early
2023
28 d early
2022
47 d early
2021
11 d early
2020
37 d early
2019
12 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.96M▼ 5.3%
2024 · €5.24M
2018: €5.10M
2019: €4.80M
2020: €3.99M
2021: €4.93M
2022: €4.33M
2023: €5.59M
2024: €5.24M
2018 → 2025
EBIT margin
-4.6%▼ 1.2pp
2024 · -3.5%
2018: -4.5%
2019: -19.9%
2020: 4.5%
2021: 6.8%
2022: 3.3%
2023: 1.5%
2024: -3.5%
2018 → 2025
Net result
€-192k▼ 39.4%
2024 · €-138k
2018: €34k
2019: €-950k
2020: €375k
2021: €352k
2022: €954k
2023: €165k
2024: €-138k
2018 → 2025
Working capital
€1.28M▼ 7.1%
2024 · €1.38M
2018: €1.94M
2019: €1.07M
2020: €781k
2021: €900k
2022: €1.10M
2023: €1.53M
2024: €1.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.93M-€4.33M▼ 12.1%€5.59M▲ 28.9%€5.24M▼ 6.2%€4.96M▼ 5.3%
Equity€1.18M-€2.13M▲ 81.0%€2.00M▼ 6.3%€1.86M▼ 6.9%€1.67M▼ 10.3%
Operating result€334k-€144k▼ 57.0%€83k▼ 42.4%€-181k€-230k▼ 26.6%
Net result€352k-€954k▲ 171%€165k▼ 82.7%€-138k€-192k▼ 39.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €230k in 2025 against €181k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.15M
Fixed assets
€441k▼ 17.0%
Current assets
€1.71M▼ 5.8%
Equity and liabilities €2.15M
Equity
€1.67M▼ 10.3%
Provisions
€47k▲ 7.1%
Debt
€440k▼ 1.7%
The debt ratio rises from 19.0% to 20.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-150k▼
2024 · €-97k
Cash flow
€-113k▼
2024 · €-53k
Solvency
77.4%▼
2024 · 79.1%
Current ratio
4.00▼
2024 · 4.17
Quick ratio
3.67▼
2024 · 3.81
Debt / equity
0.26▲
2024 · 0.24
ROE
-11.5%▼
2024 · -7.4%
ROA
-8.9%▼
2024 · -5.9%
Interest coverage
-10.99▼
2024 · -8.15
Debt
€440k▼
2024 · €447k
Debt ≤ 1 year
€429k▼
2024 · €437k
Debt > 1 year
€3k=
2024 · €3k
Income taxes
€2k▲
2024 · €2k
Staff costs
€1.25M▲
2024 · €1.20M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.35M€2.15M▼
Fixed assets21/28€531k€441k▼
Tangible fixed assets22/27€530k€440k▼
Land and buildings22€343k€324k▼
Plant, machinery and equipment23€27k€22k▼
Furniture and vehicles24€86k€52k▼
Other tangible fixed assets26€75k€42k▼
Financial fixed assets28€722€722=
Other financial fixed assets284/8€722€722=
Amounts receivable and cash guarantees285/8€722€722=
Current assets29/58€1.82M€1.71M▼
Stocks and contracts in progress3€157k€141k▼
Stocks30/36€157k€141k▼
Raw materials and consumables30/31€87k€90k▲
Finished goods33€70k€50k▼
Amounts receivable within one year40/41€446k€217k▼
Trade receivables40€395k€217k▼
Other amounts receivable41€51k€674▼
Current investments50/53€650k€650k=
Other investments51/53€650k€650k=
Cash at bank and in hand54/58€514k€676k▲
Deferred charges and accrued income490/1€53k€29k▼
Equity and liabilities
Total equity and liabilities10/49€2.35M€2.15M▼
Equity10/15€1.86M€1.67M▼
Contributions10/11€744k€744k=
Capital10€744k€744k=
Issued capital100€744k€744k=
Reserves13€195k€195k=
Non-distributable reserves130/1€74k€74k=
Legal reserve130€74k€74k=
Distributable reserves133€121k€121k=
Profit (loss) carried forward14€921k€729k▼
Provisions and deferred taxes16€44k€47k▲
Provisions for liabilities and charges160/5€44k€47k▲
Pensions and similar obligations160€16k€17k▲
Other liabilities and charges164/5€28k€29k▲
Amounts payable17/49€447k€440k▼
Amounts payable after more than one year17€3k€3k=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€437k€429k▼
Trade debts44€93k€136k▲
Suppliers440/4€93k€136k▲
Advances received on contracts in progress46€208k€147k▼
Taxes, remuneration and social security45€136k€146k▲
Taxes450/3€21k€37k▲
Remuneration and social security454/9€115k€109k▼
Accrued charges and deferred income492/3€8k€8k▲
Income statement
Code20242025
Operating income70/76A€5.35M€5.02M▼
Turnover70€5.24M€4.96M▼
Change in stocks of work in progress, finished goods and contracts in progress71€34k€-19k▼
Other operating income74€64k€65k▲
Non-recurring operating income76A€11k€7k▼
Operating charges60/66A€5.53M€5.25M▼
Goods for resale, raw materials and consumables60€3.38M€3.15M▼
Purchases600/8€3.39M€3.15M▼
Change in stocks: decrease (increase)609€-14k€-4k▲
Services and other goods61€755k€772k▲
Remuneration, social security and pensions62€1.20M€1.25M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€79k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€72k€-71k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€8k€3k▼
Other operating charges640/8€33k€65k▲
Non-recurring operating charges66A€0€2k▲
Operating profit (loss)9901€-181k€-230k▼
Financial income75/76B€64k€60k▼
Recurring financial income75€64k€60k▼
Income from current assets751€16k€14k▼
Other financial income752/9€49k€45k▼
Non-recurring financial income76B€0-
Financial charges65/66B€19k€20k▲
Recurring financial charges65€19k€20k▲
Debt charges650€12k€14k▲
Other financial charges652/9€7k€7k▼
Profit (loss) for the period before taxes9903€-136k€-190k▼
Income taxes67/77€2k€2k▲
Taxes670/3€2k€2k▲
Tax adjustments and reversals of tax provisions77-€5
Profit (loss) for the period9904€-138k€-192k▼
Profit (loss) for the period to be appropriated9905€-138k€-192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€921k€729k▼
Profit (loss) brought forward from the previous period14P€1.06M€921k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908718.217.9▼
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €954k ▲171%
Net result €954k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.19
Current ratio from 1.99 to 4.19; short-term debt falls from €911k to €343k.
31-12
Financial
Equity above €2MEq €2.13M ▲81%
3 profitable years in a row build equity to €2.13M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €375k
Net result €375k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2019
31-12
Financial
Weakest financial yearnet €-950k ▼2856%
Net result drops to €-950k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 directors, no change since 2024
Carolus Legein
CurrentAlgemeen directeur/persoon belast met dagelijks bestuur · since 09-10-2024
Carolus Legeiri
CurrentAlgemeen directeur / persoon belast met dagelijks bestuur · since 29-06-2023
Karel Legein
CurrentAlgemeen directeur · since 24-02-2022
Roger Graus
CurrentAlgemeen directeur · since 21-12-2020
Damien Chauveinc
CurrentDirector · since 26-09-2018
Franciaflex SAS
CurrentDirector · since 26-09-2018
+ 8 not shown in this overview
09-10-2024
Carolus Legein: Appointed as Algemeen directeur/persoon belast met dagelijks bestuur
09-10-2024
Damien Chauveinc: Appointed as Director
09-10-2024
Damien Chauveinc: Appointed as Managing director
09-10-2024
Damien Chauveinc: Appointed as Chair
09-10-2024
Franciaflex SAS: Appointed as Director
09-10-2024
MAC SAS: Appointed as Director
29-06-2023
Carolus Legeiri: Appointed as Algemeen directeur / persoon belast met dagelijks bestuur
29-06-2023
Franciaflex SAS: Appointed as Director
29-06-2023
Jean-Jacques Nayral: Appointed as Managing director
29-06-2023
MAC SAS: Appointed as Director
24-02-2022
Karel Legein: Appointed as Algemeen directeur
17-02-2022
Stefaan De Coninck: Appointed as Vaste vertegenwoordiger
21-12-2020
Roger Graus: Appointed as Algemeen directeur
30-04-2019
Jean-Pierre Rutten: Appointed as Algemeen directeur
26-09-2018
Damien Chauveinc: Appointed as Director
26-09-2018
Franciaflex SAS: Appointed as Director
26-09-2018
Jean-Jacques Nayral: Appointed as Director
26-09-2018
Jean-Jacques Nayral: Appointed as Afgevaardigd bestuurder
26-09-2018
MAC SAS: Appointed as Director
26-09-2018
Jean-Bertrand Prot: Appointed as Director
26-09-2018
Pagniol Max: Resigned as Director
26-09-2018
Pagniol Max: Resigned as Afgevaardigd bestuurder
29-11-2016
Sven Castro: Appointed as Algemeen directeur
14-05-2007
Christian Guillou: Appointed as Managing director
+ 5 not shown in this overview
Location & real-estate footprint
Registered office, Hasselt · 3 establishment units since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Genkersteenweg 3133500 HasseltGround area
1.1 ha
Building footprint
4,812 m²
Volume, LiDAR
28,855 m³
3 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
NV BOFLEX
since 19892.041.647.585
VETTENBURG
since 20232.348.601.711
Bostore
since 20232.348.601.810
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0833/00S000 | Flanders | 5,729 m² | 1 · 3,122 m² | 8.3 m · 2 fl. |
| 24066B0337/00M004 | Flanders | 3,155 m² | 1 · 1,023 m² | 11.5 m · 1 fl. |
| 44064B0093/00C000 | Flanders | 2,128 m² | 1 · 667 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
3 auditors| Grant Thornton Bedrijfsrevisoren CVBACurrent Statutory auditor | 17-02-2022 → present |
Show 2 earlier auditors
| Ernst & Young Statutory auditor succeeded by Grant Thornton Bedrijfsrevisoren CVBA in 2022 | 26-09-2018 → 17-02-2022 |
| Olaf Jansen Statutory auditor succeeded by Grant Thornton Bedrijfsrevisoren CVBA in 2022 | 26-09-2018 → 17-02-2022 |
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 3,599 EUR awarded · 3,599 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 170 EUR | 170 EUR |
| 2023 | 1 | 3,429 EUR | 3,429 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 3,202 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1988
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.