BOFO
ActiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
BOFO has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,020 and a net result of €70,550. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 12,737 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 16-06-2014 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue Grétry 107, 4020 Liège
- Activity
- Retail sale of bread and pastry (bakery outlets) NACE 47241and 1 other
- Establishment units
- 4 establishment units
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €391,363
- ▲ 74.0%
- Turnover
- ≈ €1.9m
- estimated
- Profit
- €70,550
- Equity
- €84,020
- ▲ 524%
- Total assets
- €419,043
- ▲ 30.1%
- Staff
- 7.3 FTE
- ▲ 58.7%
Why 84raises riskSize: 7.3 FTE, total assets €419,043Sector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 0.71, cash €106,789Founded in 2014Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 36% on solvency, 68% on liquidity, 85% on profitability and 99% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 29 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423091.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 20-08-2026
- Format
- abbreviated format
- Reference
- 2026-00423091
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €84,125 after a loss of €378 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% 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 497,445 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% | 0.9% |
| 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 74.5% 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 5,053 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €131,711 | €138,174 | €148,771 | €148,854 | €235,966 | ▲ 58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,589 | €80,952 | €77,628 | €77,628 | €77,088 | €72,276 | €66,736 | €56,921 | ▼ 14.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | €2,500 | - |
| Other operating charges640/8 | - | - | - | €8,214 | €8,721 | €9,469 | €9,679 | €11,852 | ▲ 22.4% |
| Gross operating margin9900 | €229,616 | €231,670 | €213,760 | €244,809 | €264,846 | €227,533 | €224,891 | €391,363 | ▲ 74.0% |
| Operating profit (loss)9901 | €10,086 | €7,627 | €22,109 | €27,257 | €40,862 | -€2,983 | -€378 | €84,125 | - |
| Financial income75/76B | - | - | - | €5 | €2 | €4 | €3 | €31 | ▲ 803% |
| Recurring financial income75 | €11 | €16 | €9 | €5 | €2 | €4 | €3 | €31 | ▲ 803% |
| Financial charges65/66B | - | - | - | €9,433 | €8,809 | €13,386 | €14,019 | €12,242 | ▼ 12.7% |
| Recurring financial charges65 | €14,257 | €13,289 | €11,358 | €9,433 | €8,809 | €13,386 | €14,019 | €12,242 | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | -€4,160 | -€5,646 | €10,759 | €17,828 | €32,055 | -€16,365 | -€14,393 | €71,913 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €1,364 | - |
| Profit (loss) for the period9904 | -€4,160 | -€5,646 | €10,759 | €17,828 | €32,055 | -€16,365 | -€14,393 | €70,550 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,160 | -€5,646 | €10,759 | €17,828 | €32,055 | -€16,365 | -€14,393 | €70,550 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €739,386 | €684,965 | €613,482 | €563,688 | €520,831 | €383,849 | €322,033 | €419,043 | ▲ 30.1% |
| Formation expenses20 | €230 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €711,060 | €626,851 | €549,222 | €471,594 | €396,863 | €324,587 | €261,521 | €291,773 | ▲ 11.6% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €8,986 | - |
| Tangible fixed assets22/27 | €711,060 | €626,851 | €549,222 | €471,594 | €396,863 | €324,587 | €261,521 | €282,787 | ▲ 8.1% |
| Land and buildings22 | - | - | - | €323,481 | €293,337 | €263,193 | €233,950 | €207,414 | ▼ 11.3% |
| Plant, machinery and equipment23 | - | - | - | €142,922 | €101,262 | €59,602 | €23,605 | €32,927 | ▲ 39.5% |
| Furniture and vehicles24 | - | - | - | €5,191 | €2,264 | €1,793 | €3,966 | €42,445 | ▲ 970% |
| Current assets29/58 | €28,097 | €58,114 | €64,260 | €92,094 | €123,968 | €59,262 | €60,513 | €127,270 | ▲ 110% |
| Stocks and contracts in progress3 | €3,445 | €2,413 | €3,351 | €3,945 | €3,917 | €3,840 | €3,760 | €11,471 | ▲ 205% |
| Stocks30/36 | - | - | - | €3,945 | €3,917 | €3,840 | €3,760 | €11,471 | ▲ 205% |
| Amounts receivable within one year40/41 | €221 | €1,089 | - | €20 | €55 | €177 | €775 | €2,972 | ▲ 284% |
| Trade receivables40 | - | - | - | €20 | €55 | €177 | €775 | €2,972 | ▲ 284% |
| Cash at bank and in hand54/58 | €22,616 | €41,411 | €59,162 | €85,379 | €116,645 | €52,455 | €51,161 | €106,789 | ▲ 109% |
| Deferred charges and accrued income490/1 | - | - | - | €2,750 | €3,351 | €2,790 | €4,817 | €6,038 | ▲ 25.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €739,386 | €684,965 | €613,482 | €563,688 | €520,831 | €383,849 | €322,033 | €419,043 | ▲ 30.1% |
| Equity10/15 | -€10,767 | -€16,413 | -€5,654 | €12,174 | €44,229 | €27,864 | €13,471 | €84,020 | ▲ 524% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | - | €100,000 | €100,000 | €100,000 | - | - | - |
| Issued capital100 | - | - | - | €100,000 | €100,000 | €100,000 | - | - | - |
| Profit (loss) carried forward14 | -€110,767 | -€116,413 | -€105,654 | -€87,826 | -€55,771 | -€72,136 | -€86,529 | -€15,980 | ▲ 81.5% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | - | €2,500 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | - | €2,500 | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | - | €2,500 | - |
| Amounts payable17/49 | €750,154 | €701,378 | €619,136 | €551,513 | €476,602 | €355,985 | €308,563 | €332,523 | ▲ 7.8% |
| Amounts payable after more than one year17 | €555,673 | €490,027 | €457,203 | €391,557 | €325,911 | €206,931 | €165,952 | €153,164 | ▼ 7.7% |
| Financial debts170/4 | - | - | - | €391,557 | €325,911 | €206,931 | €165,952 | €153,164 | ▼ 7.7% |
| Amounts payable within one year42/48 | €194,481 | €210,061 | €161,613 | €159,256 | €149,591 | €148,267 | €142,219 | €178,966 | ▲ 25.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €65,646 | €65,646 | €57,646 | €40,979 | €39,860 | ▼ 2.7% |
| Trade debts44 | €72,810 | €76,287 | €27,039 | €23,914 | €33,294 | €36,252 | €58,226 | €58,613 | ▲ 0.7% |
| Suppliers440/4 | - | - | - | €23,914 | €33,294 | €36,252 | €58,226 | €58,613 | ▲ 0.7% |
| Taxes, remuneration and social security45 | - | - | - | €27,816 | €28,530 | €34,368 | €23,013 | €60,494 | ▲ 163% |
| Taxes450/3 | - | - | - | €5,421 | €5,479 | €5,870 | €3,628 | €14,032 | ▲ 287% |
| Remuneration and social security454/9 | - | - | - | €22,395 | €23,051 | €28,498 | €19,385 | €46,462 | ▲ 140% |
| Other amounts payable47/48 | - | - | - | €41,880 | €22,120 | €20,000 | €20,000 | €20,000 | = |
| Accrued charges and deferred income492/3 | - | - | - | €700 | €1,100 | €787 | €393 | €393 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,160 | -€5,646 | €10,759 | €17,828 | €32,055 | -€16,365 | -€14,393 | €70,550 | - |
| + Depreciation and write-downs630 | €84,589 | €80,952 | €77,628 | €77,628 | €77,088 | €72,276 | €66,736 | €56,921 | ▼ 14.7% |
| Operating cash flow (approximation) | €80,429 | €75,305 | €88,388 | €95,457 | €109,142 | €55,910 | €52,343 | €127,471 | ▲ 144% |
| Investment in fixed assets (approximation) | - | €3,257 | €0 | €0 | -€2,357 | €0 | -€3,669 | -€87,173 | ▼ 2,276% |
| Change in cash | - | €18,795 | €17,751 | €26,217 | €31,266 | -€64,190 | -€1,295 | €55,628 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-08-2026 | 2026-00423091 | NBB |
| 31-12-2024 | full format | 30-08-2025 | 2025-00464144 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00416152 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00427498 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20409068 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-63100506 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-51100360 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-55800455 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49200178 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-60000137 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FONK Mario |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, organe d'administration”“Fixe ou proportionnelle, assemblée générale”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés comme liquidateurs en vertu des statuts si aucun autre liquidateur désigné, faculté de désigner un ou…”
Articles of association, deed of 02-01-2024 (in French)
Owners and capital
Owners
1 ownerOwners 1
-
50%
Capital and shareholders
- 02-01-2024 Converted to unavailable equity · €100,000
Shares according to the articles of association
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Point porté à ordre du jour, proportion actions possédées par chacun”
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions – Droit de préférence, organe qui procède à l’émission”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 02-01-2024 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-01
Gazette deed
Resignation: FONK Mario (director)Appointment: FONK Mario (director) · Permanent representative: FONK Mario · Purpose change11 facts ▸
- General meeting, 18-12-2023
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Kind of shares, “répartition des bénéfices et produits de liquidation, rémunération des apports” (deed in French)
- Director resignation, FONK Mario (director)
- Director discharge, FONK Mario
- Board rule, 1
- Director appointment, FONK Mario (director (not named in the articles))
- Permanent representative, FONK Mario
- Registered office clause, “4020 Liège,Rue Grétry 107” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “6810001 : Activités de transactions sur biens immobiliers tels que : immeubles résidentiels et maisons d'habitation,immeubles non…”
35 activities
- 6810001 : Activités de transactions sur biens immobiliers tels que : immeubles résidentiels et maisons d'habitation,immeubles non résidentiels,terres et terrains
- 6810002 : Transactions sur biens propres tels que fonds de commerce,droits à bail et pas de porte (reprise)
- 6820101 : Location d'appartements et de maisons,vides ou meublés,destinés à l'habitation
- 6820102 : Location de longue durée en hôtels-appartements
- 6820103 : Exploitation de biens immobiliers en multipropriété
- 6820301 : Location d'immeubles non résidentiels (bureaux,espaces commerciaux,halls d'exposition etc.)
- 6820302 : Location à l'année de boxes ou de lieux de garage de véhicules
- 6820303 : Location de fonds de commerce (dans un système de gérances libres)
- 6820401 : Location de terrains (bâtis ou non) à usage agricole
- 6820402 : Location à l'année d'emplacements de caravanes
- 6831201 : Estimation et évaluation de biens immobiliers
- 6832101 : Prise en charge au nom du (ou des) propriétaire(s) de l'ensemble des services nécessaires au fonctionnement des immeubles gérés (immeubles résidentiels)
- 6832102 : Collecte des loyers (immeubles résidentiels)
- 1071101 : Fabrication industrielle de produits de boulangerie principalement destinés à être livrés au commerce de détail,horeca etc.: pains,gâteaux,tartes et autres produits frais ou surgelés
- 1071102 : Fabrication de pâtes destinées à la cuisson
- 1071201 : Fabrication artisanale de pains,de petits pains,de gâteaux frais,de tartes et d'autres produits frais de pâtisserie
- 1072001 : Fabrication de biscottes,de biscuits,de pains d'épices etc.
- 1072002 : Fabrication de pâtisserie et de gâteaux de conservation (à l'exclusion des produits surgelés)
- 1072003 : Fabrication de produits apéritifs sucrés ou salés
- 1073001 : Fabrication de pâtes alimentaires farcies ou non,fraîches ou cuites telles les macaronis,les spaghettis,les nouilles,les lasagnes etc.
- 4724101 : Commerce de détail de pain et de pâtisserie
- 47242 : Commerce de détail de chocolat et de confiserie en magasin spécialisé
- 47251 : Commerce de détail de vins et de spiritueux en magasin spécialisé
- 47252 : Commerce de détail de boissons en magasin spécialisé,assortiment général
- 4725201 : Commerce de détail de toutes boissons,alcoolisées ou non,y compris la livraison à domicile
- 4725202 : Mise en bouteilles,mélange et épuration du vin sans transformation
- 4729 : Autres commerces de détail alimentaires en magasin spécialisé
- 4729101 : Commerce de détail de produits laitiers et oeufs,y compris la livraison à domicile
- 47299 : Autres commerces de détail alimentaires en magasin spécialisé n.c.a.
- 4729901 : Commerce de détail de café
- 4729902 : Commerce de détail de condiments et épices
- 4729903 : Autres commerces de détail alimentaires en magasins spécialisés n.d.a.
- Commerce en détail de glace et produits dérivés
- Salon de consommation
- Marchand ambulante
- Name clauseThe name the company operates under according to its articles.
- BOFO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, n’entraîne pas de changement en matière de régime linguistique applicable”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 18:00
Articles of association, deed of 02-01-2024 (in French)
Recognitions · licences · registrations
Food safety, FASFC
4 sitesSites & property
4 establishment units
Buildings and parcels at the addresses
4 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 82032E0547/00G003 | Wallonia | 359 m² | 1 · 87 m² | - |
| 82032E0221/00H000 | Wallonia | 287 m² | 1 · 131 m² | - |
| 63072G0754/00M000 | Wallonia | 204 m² | 1 · 74 m² | 11.7 m · 3 |
| 62817B0446/00E009 | Wallonia | 177 m² | 1 · 156 m² | 15.2 m · 5 |