BOGER
ActiveSummary
BOGER has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119k and a net result of €333. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-30
Solvency51=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 0.71 in 2024; short-term debt: 11.9% and cash: 0.1% of total assets), but 73.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
26.5%
Return on assets
0.1%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
35 d early
2023
on the day
2022
4 d early
2021
4 d early
2020
31 d late
2019
32 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2022 · €0
2019: €0highest value
2021: €0highest value
2022: €0highest value
2023: €0highest value
2019 → 2023
Total assets
€449k=
2024 · €449k
2018: €652khighest in 8 years
2019: €562k▼ -13.8% vs 2018
2020: €530k▼ -5.7% vs 2019
2021: €496k▼ -6.4% vs 2020
2022: €473k▼ -4.6% vs 2021
2023: €462k▼ -2.3% vs 2022
2024: €449k▼ -2.9% vs 2023lowest in 8 years
2025: €449k● +0.0% vs 2024
2018 → 2025
Net result
€333▼ 98.4%
2024 · €21k
2018: €3k
2019: €3k▲ +4.5% vs 2018
2020: €3k▼ -7.1% vs 2019
2021: €5k▲ +94.1% vs 2020
2022: €5k▼ -2.9% vs 2021
2023: €16k▲ +228% vs 2022
2024: €21k▲ +36.7% vs 2023highest in 8 years
2025: €333▼ -98.4% vs 2024lowest in 8 years
2018 → 2025
Working capital
€71k
2024 · €-40k
2018: €81khighest in 8 years
2019: €8k▼ -90.3% vs 2018
2020: €-22k▼ -378% vs 2019
2021: €-27k▼ -23.1% vs 2020
2022: €-37k▼ -36.3% vs 2021
2023: €-37k▼ -0.1% vs 2022
2024: €-40k▼ -8.5% vs 2023lowest in 8 years
2025: €71k▲ +279% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0
2021: €0highest in 3 years
2022: €0highest in 3 years
2023: €0highest in 3 years
Equity€81k-€86k▲ 5.9%€101k▲ 17.4%€119k▲ 17.9%€119k▲ 0.3%
2021: €81klowest in 5 years
2022: €86k▲ +5.9% vs 2021
2023: €101k▲ +17.4% vs 2022
2024: €119k▲ +17.9% vs 2023
2025: €119k▲ +0.3% vs 2024highest in 5 years
Operating result€22k-€20k▼ 10.9%€35k▲ 78.8%€46k▲ 30.3%€38k▼ 17.8%
2021: €22k
2022: €20k▼ -10.9% vs 2021lowest in 5 years
2023: €35k▲ +78.8% vs 2022
2024: €46k▲ +30.3% vs 2023highest in 5 years
2025: €38k▼ -17.8% vs 2024
Net result€5k-€5k▼ 2.9%€16k▲ 228%€21k▲ 36.7%€333▼ 98.4%
2021: €5k
2022: €5k▼ -2.9% vs 2021
2023: €16k▲ +228% vs 2022
2024: €21k▲ +36.7% vs 2023highest in 5 years
2025: €333▼ -98.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €449k
Fixed assets
€324k ▼ 7.7%
Current assets
€125k ▲ 27.9%
Equity and liabilities €449k
Equity
€119k ▲ 0.3%
Debt
€330k ▼ 0.1%
Debt's share of the balance-sheet total falls from 73.6% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71k▼
2024 · €75k
Cash flow
€33k▼
2024 · €51k
Current ratio
2.33▲
2024 · 0.71
Debt to equity
2.78▼
2024 · 2.79
ROE
0.3%▼
2024 · 18.1%
ROA
0.1%▼
2024 · 4.8%
Interest coverage
1.88▼
2024 · 4.84
Debt ≤ 1 year
€54k▼
2024 · €137k
Debt > 1 year
€277k▲
2024 · €189k
Income taxes
€-72▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€449k€449k=
Fixed assets21/28€351k€324k▼
Tangible fixed assets22/27€346k€319k▼
Land and buildings22€344k€314k▼
Plant, machinery and equipment23€1k€5k▲
Furniture and vehicles24€168€0▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€5k€5k=
Current assets29/58€98k€125k▲
Amounts receivable after more than one year29-€91k
Other amounts receivable291-€91k
Amounts receivable within one year40/41€91k€32k▼
Trade receivables40€4k€17k▲
Other amounts receivable41€86k€15k▼
Cash at bank and in hand54/58€3k€526▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€449k€449k=
Equity10/15€119k€119k▲
Contributions10/11€19k€19k=
Reserves13€58k€58k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€42k€43k▲
Amounts payable17/49€331k€330k▼
Amounts payable after more than one year17€189k€277k▲
Financial debts170/4€189k€145k▼
Other amounts payable178/9€0€131k▲
Amounts payable within one year42/48€137k€54k▼
Current portion of amounts payable after more than one year42€49k€45k▼
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€74k€1k▼
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€33k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€81k€77k▼
Operating profit (loss)9901€46k€38k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€16k€37k▲
Recurring financial charges65€16k€37k▲
Profit (loss) for the period before taxes9903€30k€261▼
Income taxes67/77€9k€-72▼
Profit (loss) for the period9904€21k€333▼
Profit (loss) for the period to be appropriated9905€21k€333▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€43k▼
Profit (loss) brought forward from the previous period14P€44k€42k▼
Transfer to equity691/2€20k-
To the legal reserve6920€20k-
Profit to be distributed694/7€3k-
Return on contributions (dividend)694€833-
Directors or managers695€3k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | €0 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €31k | €30k | €30k | €33k | ▲ 10.9% |
| Other operating charges640/8 | €4k | €4k | €6k | €6k | €6k | ▲ 6.7% |
| Gross operating margin9900 | €58k | €55k | €71k | €81k | €77k | ▼ 5.6% |
| Operating profit (loss)9901 | €22k | €20k | €35k | €46k | €38k | ▼ 17.8% |
| Financial income75/76B | €511 | - | - | - | €0 | - |
| Recurring financial income75 | €511 | - | - | - | €0 | - |
| Financial charges65/66B | €15k | €14k | €15k | €16k | €37k | ▲ 140% |
| Recurring financial charges65 | €15k | €14k | €15k | €16k | €37k | ▲ 140% |
| Profit (loss) for the period before taxes9903 | €7k | €6k | €20k | €30k | €261 | ▼ 99.1% |
| Income taxes67/77 | €2k | €1k | €5k | €9k | €-72 | ▼ 101% |
| Profit (loss) for the period9904 | €5k | €5k | €16k | €21k | €333 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €5k | €5k | €16k | €21k | €333 | ▼ 98.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €496k | €473k | €462k | €449k | €449k | = |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €439k | €408k | €378k | €351k | €324k | ▼ 7.7% |
| Tangible fixed assets22/27 | €433k | €403k | €373k | €346k | €319k | ▼ 7.9% |
| Land and buildings22 | €432k | €402k | €373k | €344k | €314k | ▼ 8.8% |
| Plant, machinery and equipment23 | - | - | - | €1k | €5k | ▲ 227% |
| Furniture and vehicles24 | €357 | €810 | €429 | €168 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €421 | €211 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €6k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €57k | €65k | €84k | €98k | €125k | ▲ 27.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €91k | - |
| Other amounts receivable291 | - | - | - | - | €91k | - |
| Amounts receivable within one year40/41 | €51k | €58k | €76k | €91k | €32k | ▼ 64.5% |
| Trade receivables40 | €0 | €4k | €8k | €4k | €17k | ▲ 294% |
| Other amounts receivable41 | €51k | €54k | €69k | €86k | €15k | ▼ 82.8% |
| Cash at bank and in hand54/58 | €2k | €2k | €2k | €3k | €526 | ▼ 84.6% |
| Deferred charges and accrued income490/1 | €5k | €4k | €5k | €4k | €2k | ▼ 58.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €496k | €473k | €462k | €449k | €449k | = |
| Equity10/15 | €81k | €86k | €101k | €119k | €119k | ▲ 0.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €27k | €27k | €38k | €58k | €58k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €25k | €25k | €38k | €58k | €58k | = |
| Profit (loss) carried forward14 | €36k | €40k | €44k | €42k | €43k | ▲ 0.8% |
| Amounts payable17/49 | €415k | €388k | €362k | €331k | €330k | ▼ 0.1% |
| Amounts payable after more than one year17 | €331k | €286k | €239k | €189k | €277k | ▲ 46.4% |
| Financial debts170/4 | €330k | €285k | €238k | €189k | €145k | ▼ 23.2% |
| Other amounts payable178/9 | €1k | €1k | €1k | €0 | €131k | - |
| Amounts payable within one year42/48 | €84k | €102k | €121k | €137k | €54k | ▼ 61.0% |
| Current portion of amounts payable after more than one year42 | €43k | €45k | €47k | €49k | €45k | ▼ 7.9% |
| Trade debts44 | €3k | €5k | €3k | €3k | €1k | ▼ 55.0% |
| Suppliers440/4 | €3k | €5k | €3k | €3k | €1k | ▼ 55.0% |
| Taxes, remuneration and social security45 | €3k | €2k | €7k | €12k | €6k | ▼ 47.6% |
| Taxes450/3 | €3k | €2k | €7k | €8k | €6k | ▼ 25.4% |
| Remuneration and social security454/9 | €0 | €0 | €0 | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | €35k | €50k | €64k | €74k | €1k | ▼ 98.5% |
| Accrued charges and deferred income492/3 | €0 | - | €2k | €4k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €5k | €16k | €21k | €333 | ▼ 98.4% |
| + Depreciation and write-downs630 | €32k | €31k | €30k | €30k | €33k | ▲ 10.9% |
| Operating cash flow (approximation) | €37k | €36k | €46k | €51k | €33k | ▼ 35.1% |
| Investment in fixed assets (approximation) | - | €-659 | €0 | €-3k | €-6k | ▼ 117% |
| Change in cash | - | €813 | €-153 | €1k | €-3k | ▼ 356% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €333 ▼98.4%
Net result drops to €333, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.33
Current ratio from 0.71 to 2.33; short-term debt falls from €137k to €54k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €21k ▲36.7%
Operating result €46k, net result €21k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €101k ▲17.4%
6 profitable years in a row build equity to €101k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Herstal · 2 establishment units since 2002
Ground area
1,674 m²
Building footprint
559 m²
Volume, LiDAR
7,753 m³
2 parcels, Wallonia · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
FULL TIME
since 20022.093.399.164
LIBRAIRIE DU BOULEVARD
since 20122.213.951.556
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071B0585/00M000 | Wallonia | 1,058 m² | 1 · 121 m² | - |
| 62812A0137/00P002 | Wallonia | 616 m² | 1 · 438 m² | 19.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900ZQT7TZBR0CY564
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.