BOLAN
ActiveSummary
BOLAN has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,936 and a net result of €76. Equity remains stable across the filed financial years (±2.2% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €30,936
- Profit
- €76
Why 86raises riskLiquidity: current ratio 3.63, cash €0, halvedlowers riskFounded in 1990Size: total assets €41,398Equity €30,936 (74.7% of total assets)Show the evidence
Checked score
About 3 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 (no NACE code, micro): better than 63% on solvency, 23% on liquidity, 47% on profitability and 49% on growth.
The bankruptcy probability was computed on 20-10-2026 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 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00401411.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 87% below 2024.
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.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,472 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% | 1.0% |
| 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 17,042 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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,935 | €2,591 | €4,368 | €6,818 | €6,818 | €6,818 | €6,818 | €5,041 | ▼ 26.1% |
| Other operating charges640/8 | - | - | - | €1,397 | €873 | €952 | €1,510 | €740 | ▼ 51.0% |
| Gross operating margin9900 | -€7,442 | €7,051 | €10,863 | €7,187 | €15,258 | €14,612 | €12,962 | €6,393 | ▼ 50.7% |
| Operating profit (loss)9901 | -€10,830 | €4,006 | €5,766 | -€1,028 | €7,566 | €6,842 | €4,634 | €612 | ▼ 86.8% |
| Financial income75/76B | - | - | - | €1,202 | €821 | €1,102 | €1,729 | €1,687 | ▼ 2.5% |
| Recurring financial income75 | - | €177 | - | €1,202 | €821 | €1,102 | €1,729 | €1,687 | ▼ 2.5% |
| Financial charges65/66B | - | - | - | €532 | €532 | €430 | €438 | €301 | ▼ 31.2% |
| Recurring financial charges65 | €526 | €103 | €371 | €532 | €532 | €430 | €438 | €301 | ▼ 31.2% |
| Profit (loss) for the period before taxes9903 | -€11,355 | €4,080 | €5,395 | -€358 | €7,856 | €7,514 | €5,925 | €1,997 | ▼ 66.3% |
| Income taxes67/77 | - | - | €1,579 | €98 | €2,142 | €3,094 | €2,702 | €1,921 | ▼ 28.9% |
| Profit (loss) for the period9904 | -€11,355 | €4,080 | €3,816 | -€457 | €5,713 | €4,421 | €3,223 | €76 | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | -€11,355 | €4,080 | €3,816 | -€457 | €5,713 | €4,421 | €3,223 | €76 | ▼ 97.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €42,110 | €48,770 | €66,951 | €40,264 | €43,573 | €42,481 | €39,980 | €41,398 | ▲ 3.5% |
| Fixed assets21/28 | €21,508 | €18,917 | €35,688 | €28,869 | €22,051 | €15,233 | €8,414 | €3,374 | ▼ 59.9% |
| Tangible fixed assets22/27 | €21,508 | €18,917 | €35,688 | €28,869 | €22,051 | €15,233 | €8,414 | €3,374 | ▼ 59.9% |
| Furniture and vehicles24 | - | - | - | €15,133 | €10,906 | €6,678 | €2,450 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €13,736 | €11,145 | €8,555 | €5,964 | €3,374 | ▼ 43.4% |
| Current assets29/58 | €20,602 | €29,853 | €31,263 | €11,394 | €21,521 | €27,248 | €31,565 | €38,025 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €16,585 | €29,531 | €28,243 | €9,509 | €19,575 | €25,119 | €28,361 | €36,629 | ▲ 29.2% |
| Trade receivables40 | - | - | - | - | €624 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €9,509 | €18,952 | €25,119 | €28,361 | €36,629 | ▲ 29.2% |
| Current investments50/53 | €16 | €16 | €16 | €16 | €16 | €16 | €16 | €16 | = |
| Cash at bank and in hand54/58 | €3,706 | - | €724 | €0 | - | €125 | €1,130 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €1,870 | €1,930 | €1,988 | €2,058 | €1,379 | ▼ 33.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €42,110 | €48,770 | €66,951 | €40,264 | €43,573 | €42,481 | €39,980 | €41,398 | ▲ 3.5% |
| Equity10/15 | €39,413 | €43,493 | €20,451 | €19,995 | €24,908 | €28,496 | €30,859 | €30,936 | ▲ 0.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €52,690 | €52,690 | €1,859 | €1,859 | €6,316 | €9,904 | €12,267 | €12,344 | ▲ 0.6% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | €4,457 | €8,044 | €12,267 | €12,344 | ▲ 0.6% |
| Profit (loss) carried forward14 | -€31,869 | -€27,789 | -€31,869 | -€457 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2,697 | €5,278 | €46,499 | €20,269 | €18,665 | €13,985 | €9,120 | €10,462 | ▲ 14.7% |
| Amounts payable after more than one year17 | - | - | €10,502 | €6,511 | €2,427 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €6,511 | €2,427 | €0 | - | - | - |
| Amounts payable within one year42/48 | €2,697 | €4,967 | €35,997 | €13,758 | €16,238 | €13,985 | €9,120 | €10,462 | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,991 | €4,085 | €2,427 | €0 | - | - |
| Financial debts43 | - | - | - | €2,770 | €2,383 | €0 | - | €2,963 | - |
| Credit institutions430/8 | - | - | - | €2,770 | €2,383 | - | - | €2,963 | - |
| Other loans439 | - | - | - | - | - | €0 | - | - | - |
| Trade debts44 | €1,497 | €1,792 | €3,505 | €5,164 | €6,730 | €5,250 | €3,498 | €2,876 | ▼ 17.8% |
| Suppliers440/4 | - | - | - | €5,164 | €6,730 | €5,250 | €3,498 | €2,876 | ▼ 17.8% |
| Taxes, remuneration and social security45 | - | - | - | €1,833 | €2,241 | €5,476 | €4,764 | €4,623 | ▼ 3.0% |
| Taxes450/3 | - | - | - | €1,833 | €2,241 | €5,476 | €4,764 | €4,623 | ▼ 3.0% |
| Other amounts payable47/48 | - | - | - | €0 | €800 | €833 | €859 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,355 | €4,080 | €3,816 | -€457 | €5,713 | €4,421 | €3,223 | €76 | ▼ 97.6% |
| + Depreciation and write-downs630 | €2,935 | €2,591 | €4,368 | €6,818 | €6,818 | €6,818 | €6,818 | €5,041 | ▼ 26.1% |
| Operating cash flow (approximation) | -€8,420 | €6,670 | €8,184 | €6,362 | €12,532 | €11,239 | €10,041 | €5,117 | ▼ 49.0% |
| Investment in fixed assets (approximation) | - | €0 | -€21,138 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | -€724 | - | - | €1,005 | -€1,130 | - |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00401411 |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00397525 |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00368399 |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00337513 |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20221578 |
| 31-12-2020 | micro format | 26-07-2021 | 2021-39900550 |
| 31-12-2019 | micro format | 30-07-2020 | 2020-36000058 |
| 31-12-2018 | micro format | 25-07-2019 | 2019-37200276 |
| 31-12-2017 | micro format | 25-07-2018 | 2018-41300105 |
| 31-12-2016 | micro format | 09-06-2017 | 2017-16200523 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
14-08
Gazette deed
Resignations: LANNOO Filip Willy (statutory manager) and BOHEZ Katelijn Madeline Octaaf (opvolgend statutaire zaakvoerder)Appointment: LANNOO Filip Willy (director) · Name change · Purpose change13 facts ▸
- General meeting, “8870 Izegem,Leenstraat,105/003, buitengewone algemene vergadering van de aandeelhouders” (deed in French)
- Name change, Bolan
- Other provision, “verslag wijziging voorwerp, bestuursorgaan” (deed in French)
- Purpose change
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in French)
- Director resignation, LANNOO Filip Willy (statutory manager)
- Director appointment, LANNOO Filip Willy (director (not named in the articles)) (2 times)
- Director resignation, BOHEZ Katelijn Madeline Octaaf (opvolgend statutaire zaakvoerder)
- Legal form clause, “BV, behouden” (deed in French)
- Registered office clause, “alle machten om statutenwijziging authentiek te doen vaststellen, Vlaamse Gewest” (deed in French)
- Amendment of the articles (2 times)
- Capital
- +1 further fact in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36494D1805/00A000 | Flanders | 9,581 m² | 1 · 1,492 m² | 3.1 m |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Bolan
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuurlijke zetels,exploitatiezetels,agentschappen en bijhuizen bij eenvoudig besluit bestuursorgaan,België en…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Register van aandelen op naam, kunnen worden voorzien van volgnummer” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of May at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Buiten wettelijke bepalingen slechts bij beslissing algemene vergadering beraadslagend volgens voorwaarden en vormen vereist voor…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, indien uit staat actief en…” (deed in French)“Tenzij akte van benoeming anders bepaalt,vereffenaar bevoegd voor alle handelingen nodig of dienstig voor vereffening, bevoegdheden…” (deed in French)“Wijze van vereffening en ontbinding-sluiting in één akte, resterend actief door aandeelhouders zelf” (deed in French)