BOLAND
ActiveSummary
BOLAND has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,274 and a net result of €22,492. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 67% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+3
Solvency86▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.56 in 2024; short-term debt: 39% and cash: 37.7% of total assets), and 39% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
61%
Return on assets
15.9%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
28 d early
2022
18 d early
2021
74 d early
2020
39 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€86,274▼ 2.8%
2024 · €88,782
Total assets
€141,472▼ 6.4%
2024 · €151,175
Net result
€22,492▲ 5.5%
2024 · €21,313
Working capital
€49,258▲ 40.4%
2024 · €35,081
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Operating result€78,233▲ 101%€145,364▲ 85.8%€86,279▼ 40.6%€32,051▼ 62.9%€27,570▼ 14.0%
Net result€55,183above the sector's middle half▲ 89.8%€107,805above the sector's middle half▲ 95.4%€62,855above the sector's middle half▼ 41.7%€21,313within the sector's middle half▼ 66.1%€22,492within the sector's middle half▲ 5.5%
Equity€86,808within the sector's middle half▼ 25.6%€94,614within the sector's middle half▲ 9.0%€97,469within the sector's middle half▲ 3.0%€88,782within the sector's middle half▼ 8.9%€86,274below the sector's middle half▼ 2.8%
Total assets€195,756within the sector's middle half▲ 50.1%€219,895within the sector's middle half▲ 12.3%€192,922within the sector's middle half▼ 12.3%€151,175within the sector's middle half▼ 21.6%€141,472below the sector's middle half▼ 6.4%
Debt€108,948▲ 691%€125,281▲ 15.0%€95,453▼ 23.8%€62,393▼ 34.6%€55,198▼ 11.5%
Working capital€84,816▼ 20.5%€93,968▲ 10.8%€27,083▼ 71.2%€35,081▲ 29.5%€49,258▲ 40.4%
Solvency44.3%within the sector's middle half▼ 45.1pp43.0%within the sector's middle half▼ 1.3pp50.5%within the sector's middle half▲ 7.5pp58.7%within the sector's middle half▲ 8.2pp61.0%within the sector's middle half▲ 2.3pp
Staff (FTE)1.6▼ 20.0%1.6=2▲ 25.0%2=1.9within the sector's middle half▼ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,472
Fixed assets
€37,016 ▼ 31.1%
Current assets
€104,455 ▲ 7.2%
Equity and liabilities €141,472
Equity
€86,274 ▼ 2.8%
Debt
€55,198 ▼ 11.5%
Debt's share of the balance-sheet total falls from 41.3% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44,254▼
2024 · €48,735
Cash flow
€39,177▲
2024 · €37,998
Current ratio
1.89▲
2024 · 1.56
Debt to equity
0.64▼
2024 · 0.70
ROE
26.1%▲
2024 · 24.0%
ROA
15.9%▲
2024 · 14.1%
Interest coverage
1095.40▲
2024 · 350.49
Debt ≤ 1 year
€55,198▼
2024 · €62,393
Income taxes
€5,037▼
2024 · €10,598
Staff costs
€145,327▼
2024 · €150,742
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
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 497,058 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% | 1.6% |
| 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 74% 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,132 | €2,000 | - | - | - |
| Remuneration, social security and pensions62 | €79,633 | €106,514 | €149,656 | €150,742 | €145,327 | ▼ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,004 | €1,346 | €13,684 | €16,685 | €16,685 | = |
| Other operating charges640/8 | €3,157 | - | - | - | - | - |
| Gross operating margin9900 | €169,027 | €253,225 | €249,619 | €199,477 | €189,582 | ▼ 5.0% |
| Operating profit (loss)9901 | €78,233 | €145,364 | €86,279 | €32,051 | €27,570 | ▼ 14.0% |
| Financial charges65/66B | €838 | €245 | €395 | €139 | €40 | ▼ 70.9% |
| Recurring financial charges65 | €838 | €245 | €395 | €139 | €40 | ▼ 70.9% |
| Profit (loss) for the period before taxes9903 | €77,395 | €145,120 | €85,884 | €31,912 | €27,529 | ▼ 13.7% |
| Income taxes67/77 | €22,212 | €37,314 | €23,029 | €10,598 | €5,037 | ▼ 52.5% |
| Profit (loss) for the period9904 | €55,183 | €107,805 | €62,855 | €21,313 | €22,492 | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €55,183 | €107,805 | €62,855 | €21,313 | €22,492 | ▲ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195,756 | €219,895 | €192,922 | €151,175 | €141,472 | ▼ 6.4% |
| Fixed assets21/28 | €1,992 | €646 | €70,386 | €53,701 | €37,016 | ▼ 31.1% |
| Tangible fixed assets22/27 | €1,992 | €646 | €70,386 | €53,701 | €37,016 | ▼ 31.1% |
| Furniture and vehicles24 | - | - | €70,386 | €53,701 | €37,016 | ▼ 31.1% |
| Other tangible fixed assets26 | €1,992 | €646 | - | - | - | - |
| Current assets29/58 | €193,764 | €219,249 | €122,536 | €97,474 | €104,455 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €40,779 | €81,180 | €67,394 | €57,182 | €51,141 | ▼ 10.6% |
| Trade receivables40 | €40,779 | €73,494 | €55,423 | €42,780 | €41,884 | ▼ 2.1% |
| Other amounts receivable41 | - | €7,686 | €11,971 | €14,402 | €9,257 | ▼ 35.7% |
| Cash at bank and in hand54/58 | €152,985 | €138,069 | €55,142 | €40,292 | €53,315 | ▲ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195,756 | €219,895 | €192,922 | €151,175 | €141,472 | ▼ 6.4% |
| Equity10/15 | €86,808 | €94,614 | €97,469 | €88,782 | €86,274 | ▼ 2.8% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | €4,308 | €12,114 | €14,969 | €6,282 | €3,774 | ▼ 39.9% |
| Amounts payable17/49 | €108,948 | €125,281 | €95,453 | €62,393 | €55,198 | ▼ 11.5% |
| Amounts payable within one year42/48 | €108,948 | €125,281 | €95,453 | €62,393 | €55,198 | ▼ 11.5% |
| Trade debts44 | €1,738 | €2,106 | €2,531 | €2,670 | €950 | ▼ 64.4% |
| Suppliers440/4 | €1,738 | €2,106 | €2,531 | €2,670 | €950 | ▼ 64.4% |
| Taxes, remuneration and social security45 | €44,210 | €53,175 | €50,922 | €38,723 | €36,748 | ▼ 5.1% |
| Taxes450/3 | €35,156 | €39,390 | €32,815 | €20,348 | €19,069 | ▼ 6.3% |
| Remuneration and social security454/9 | €9,055 | €13,786 | €18,107 | €18,375 | €17,679 | ▼ 3.8% |
| Other amounts payable47/48 | €63,000 | €70,000 | €42,000 | €21,000 | €17,500 | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,183 | €107,805 | €62,855 | €21,313 | €22,492 | ▲ 5.5% |
| + Depreciation and write-downs630 | €8,004 | €1,346 | €13,684 | €16,685 | €16,685 | = |
| Operating cash flow (approximation) | €63,187 | €109,151 | €76,538 | €37,998 | €39,177 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | -€83,423 | €0 | €0 | - |
| Change in cash | - | -€14,917 | -€82,927 | -€14,850 | €13,023 | ▲ 188% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €21,313 ▼66.1%
Net result drops to €21,313, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €107,805 ▲95.4%
Operating result €145,364, net result €107,805, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 8.74
Current ratio from 2.15 to 8.74; short-term debt falls from €60,664 to €13,781.
31-12
Financial
Equity above €100,000Eq €116,626 ▲33.2%
3 profitable years in a row build equity to €116,626.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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 4 acts read
About the unread acts
We know of 4 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
4 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, Dilbeek · 1 establishment unit since 1958
Ground area
559 m²
Building footprint
205 m²
Volume, LiDAR
1,057 m³
Parcel 23352F0023/02M007, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Broekstraat 12, 1700 Dilbeek
since 19582.003.606.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0023/02M007 | Flanders | 559 m² | 1 · 205 m² | 7.3 m · 2 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.
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,576. 1,970 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
68321Property management for co-owned buildings (syndics)
Contact
E-mail
wim.boland@telenet.be
Phone
0496262747
E-invoicing
Reachable via Peppol
Peppol ID
0208:0401828042
Also
9925:BE0401828042
Registered
23-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.