Bolanco
ActiveSummary
Bolanco has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €194,456 and a net result of -€32,720. Its solvency ranks better than 52% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▼-59
Solvency65▲+4
Growth32
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.47 in 2023; short-term debt: 59.7% and cash: 5.9% of total assets), but 59.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
40.3%
Return on assets
-6.8%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€194,456▼ 14.4%
2023 · €227,176
Total assets
€482,295▼ 22.9%
2023 · €625,256
Net result
-€32,720
2023 · €3,001
Working capital
€150,001▼ 15.6%
2023 · €177,698
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result-€3,671--€44,581▼ 1,115%
Net result€3,001below the sector's middle half--€32,720below the sector's middle half
Equity€227,176within the sector's middle half-€194,456within the sector's middle half▼ 14.4%
Total assets€625,256within the sector's middle half-€482,295below the sector's middle half▼ 22.9%
Debt€376,683-€287,838▼ 23.6%
Working capital€177,698within the sector's middle half-€150,001within the sector's middle half▼ 15.6%
Solvency36.3%within the sector's middle half-40.3%within the sector's middle half▲ 4.0pp
Current ratio1.47within the sector's middle half-1.52within the sector's middle half▲ 0.05
Return on assets (ROA)0.5%below the sector's middle half--6.8%below the sector's middle half▼ 7.3pp
Staff (FTE)5.7within the sector's middle half-4.7within the sector's middle half▼ 17.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 €44,581 in 2024 against €3,671 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €482,295
Fixed assets
€44,455 ▼ 37.3%
Current assets
€437,839 ▼ 21.0%
Equity and liabilities €482,295
Equity
€194,456 ▼ 14.4%
Provisions
€0 ▼ 100%
Debt
€287,838 ▼ 23.6%
Debt's share of the balance-sheet total falls from 60.2% to 59.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€25,921▼
2023 · €31,822
Cash flow
-€14,060▼
2023 · €38,493
Quick ratio
0.34▼
2023 · 0.53
Debt to equity
1.48▼
2023 · 1.66
ROE
-16.8%▼
2023 · 1.3%
Interest coverage
-3.53▼
2023 · 8.11
Debt ≤ 1 year
€287,838▼
2023 · €376,683
Income taxes
€651▼
2023 · €12,174
Staff costs
€291,564▼
2023 · €352,251
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 6,915 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €25,209 | €8,896 | ▼ 64.7% |
| Remuneration, social security and pensions62 | €352,251 | €291,564 | ▼ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,493 | €18,660 | ▼ 47.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€12,833 | -€21,397 | ▼ 66.7% |
| Other operating charges640/8 | €2,394 | €1,669 | ▼ 30.3% |
| Non-recurring operating charges66A | €4,603 | €652 | ▼ 85.8% |
| Gross operating margin9900 | €378,237 | €246,567 | ▼ 34.8% |
| Operating profit (loss)9901 | -€3,671 | -€44,581 | ▼ 1,115% |
| Financial income75/76B | €22,768 | €19,850 | ▼ 12.8% |
| Recurring financial income75 | €22,768 | €19,850 | ▼ 12.8% |
| Financial charges65/66B | €3,923 | €7,338 | ▲ 87.1% |
| Recurring financial charges65 | €3,923 | €7,338 | ▲ 87.1% |
| Profit (loss) for the period before taxes9903 | €15,175 | -€32,069 | ▼ 311% |
| Income taxes67/77 | €12,174 | €651 | ▼ 94.7% |
| Profit (loss) for the period9904 | €3,001 | -€32,720 | ▼ 1,190% |
| Profit (loss) for the period to be appropriated9905 | €3,001 | -€32,720 | ▼ 1,190% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €625,256 | €482,295 | ▼ 22.9% |
| Fixed assets21/28 | €70,875 | €44,455 | ▼ 37.3% |
| Tangible fixed assets22/27 | €66,375 | €44,455 | ▼ 33.0% |
| Plant, machinery and equipment23 | €2,366 | €3,362 | ▲ 42.1% |
| Furniture and vehicles24 | €24,037 | €11,339 | ▼ 52.8% |
| Other tangible fixed assets26 | €39,972 | €29,754 | ▼ 25.6% |
| Financial fixed assets28 | €4,500 | €0 | ▼ 100% |
| Current assets29/58 | €554,380 | €437,839 | ▼ 21.0% |
| Amounts receivable after more than one year29 | €0 | - | - |
| Other amounts receivable291 | €0 | - | - |
| Stocks and contracts in progress3 | €355,848 | €340,861 | ▼ 4.2% |
| Stocks30/36 | €355,848 | €340,861 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €73,143 | €51,674 | ▼ 29.4% |
| Trade receivables40 | €50,523 | €29,021 | ▼ 42.6% |
| Other amounts receivable41 | €22,619 | €22,653 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €99,450 | €28,615 | ▼ 71.2% |
| Deferred charges and accrued income490/1 | €25,940 | €16,690 | ▼ 35.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €625,256 | €482,295 | ▼ 22.9% |
| Equity10/15 | €227,176 | €194,456 | ▼ 14.4% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €206,716 | €173,996 | ▼ 15.8% |
| Provisions and deferred taxes16 | €21,397 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €21,397 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | €21,397 | €0 | ▼ 100% |
| Amounts payable17/49 | €376,683 | €287,838 | ▼ 23.6% |
| Amounts payable after more than one year17 | €0 | - | - |
| Financial debts170/4 | €0 | - | - |
| Amounts payable within one year42/48 | €376,683 | €287,838 | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | €15,736 | €0 | ▼ 100% |
| Trade debts44 | €81,123 | €35,402 | ▼ 56.4% |
| Suppliers440/4 | €81,123 | €35,402 | ▼ 56.4% |
| Advances received on contracts in progress46 | €242,765 | €225,139 | ▼ 7.3% |
| Taxes, remuneration and social security45 | €37,059 | €27,297 | ▼ 26.3% |
| Taxes450/3 | €11,780 | €5,916 | ▼ 49.8% |
| Remuneration and social security454/9 | €25,279 | €21,382 | ▼ 15.4% |
| Accrued charges and deferred income492/3 | €0 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,001 | -€32,720 | ▼ 1,190% |
| + Depreciation and write-downs630 | €35,493 | €18,660 | ▼ 47.4% |
| Operating cash flow (approximation) | €38,493 | -€14,060 | ▼ 137% |
| Investment in fixed assets (approximation) | - | €7,760 | - |
| Change in cash | - | -€70,835 | - |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Niklaas · 1 establishment unit since 2012
Ground area
5,830 m²
Building footprint
398 m²
Volume, LiDAR
2,757 m³
Parcel 46446B1201/00D000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kvik Sint-Niklaas
since 20122.211.766.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B1201/00D000 | Flanders | 5,830 m² | 1 · 398 m² | 11.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 270 EUR awarded · 270 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 270 EUR | 270 EUR |
Schemes
Similar companies · same sector, comparable size
DRAAIJER
BE 0473.087.905
Antwerpen · Eq €193,962
MONTABEL CUISINES
BE 0452.376.920
Chaumont-Gistoux · Eq €195,409
MARTHE DUMORTIER
BE 0477.715.003
Wijnegem · Eq €193,362
PICOBELLO KEUKEN EN INTERIEUR
BE 0647.702.256
Antwerpen · Eq €192,992
M2M HOSPITALITY
BE 0740.497.901
Halle · Eq €192,822
Of 2,606 companies in sector 47551 we hold annual accounts for 1,723. 1,339 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
Founded07-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847901150
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.