BOLD
ActiveSummary
BOLD has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of -€241,715. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-3
Solvency98▼-2
Growth35=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 9.65 against 13.72 in 2024; short-term debt: 6.6% and cash: 0.4% of total assets), and 27% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€241,715
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
13 d early
2022
on the day
2021
5 d early
2020
10 d early
2019
10 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 6 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 27 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€280,264▲ 22.2%
2024 · €229,269
EBIT margin
-34.4%▲ 22.5pp
2024 · -56.9%
Net result
-€241,715▼ 167%
2024 · -€90,596
Working capital
€2.4m▼ 9.8%
2024 · €2.6m
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
Turnover€10.8m▲ 1,400%€122,502▼ 98.9%€207,586▲ 69.5%€229,269▲ 10.4%€280,264▲ 22.2%
Operating result€4.8m▲ 2,514%-€154,975-€173,077▼ 11.7%-€130,458▲ 24.6%-€96,538▲ 26.0%
Net result€3.7mabove the sector's middle half▲ 2,004%-€215,060below the sector's middle half-€303,051below the sector's middle half▼ 40.9%-€90,596below the sector's middle half▲ 70.1%-€241,715below the sector's middle half▼ 167%
EBIT margin44.7%▲ 19.0pp-126.5%▼ 171.2pp-83.4%▲ 43.1pp-56.9%▲ 26.5pp-34.4%▲ 22.5pp
Equity€3.9mwithin the sector's middle half▲ 2,054%€3.7mwithin the sector's middle half▼ 5.5%€3.4mwithin the sector's middle half▼ 8.2%€3.3mwithin the sector's middle half▼ 2.7%€3.1mwithin the sector's middle half▼ 7.3%
Total assets€4.3mwithin the sector's middle half▲ 683%€4.9mwithin the sector's middle half▲ 13.4%€4.5mwithin the sector's middle half▼ 7.9%€4.4mwithin the sector's middle half▼ 1.8%€4.2mwithin the sector's middle half▼ 5.4%
Debt€405,235▲ 9.6%€1.2m▲ 195%€1.1m▼ 6.8%€1.1m▲ 0.9%€1.1m▲ 0.3%
Working capital€2.8mwithin the sector's middle half€3.3mwithin the sector's middle half▲ 20.9%€2.8mwithin the sector's middle half▼ 17.3%€2.6mwithin the sector's middle half▼ 4.0%€2.4mwithin the sector's middle half▼ 9.8%
Solvency90.6%above the sector's middle half▲ 57.7pp75.5%above the sector's middle half▼ 15.1pp75.3%above the sector's middle half▼ 0.3pp74.6%above the sector's middle half▼ 0.7pp73.0%above the sector's middle half▼ 1.5pp
Current ratio8.04above the sector's middle half▲ 7.0926.75above the sector's middle half▲ 18.7121.66above the sector's middle half▼ 5.0913.72above the sector's middle half▼ 7.959.65above the sector's middle half▼ 4.07
Return on assets (ROA)86.4%above the sector's middle half▲ 54.3pp-4.4%below the sector's middle half▼ 90.8pp-6.7%below the sector's middle half▼ 2.3pp-2.0%below the sector's middle half▲ 4.7pp-5.8%below the sector's middle half▼ 3.7pp
Staff (FTE)2.4below the sector's middle half▲ 50.0%2below the sector's middle half▼ 16.7%2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96,538 in 2025 against €130,458 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€1.5m ▼ 2.9%
Current assets
€2.7m ▼ 6.7%
Equity and liabilities €4.2m
Equity
€3.1m ▼ 7.3%
Debt
€1.1m ▲ 0.3%
Debt's share of the balance-sheet total rises from 25.4% to 27.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€50,777▲
2024 · -€84,202
Cash flow
-€195,954▼
2024 · -€44,340
Quick ratio
9.14▼
2024 · 13.03
Debt to equity
0.37▲
2024 · 0.34
ROE
-7.9%▼
2024 · -2.7%
Interest coverage
-2.33▲
2024 · -5.66
Debt ≤ 1 year
€275,994▲
2024 · €208,162
Debt > 1 year
€832,848▼
2024 · €907,199
Income taxes
€75▲
2024 · €71
Staff costs
€102,890▲
2024 · €92,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 12,321 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €124,761 | €209,497 | €233,233 | €286,502 | ▲ 22.8% |
| Turnover70 | €10.8m | €122,502 | €207,586 | €229,269 | €280,264 | ▲ 22.2% |
| Other operating income74 | - | €2,259 | €1,911 | €3,965 | €6,238 | ▲ 57.3% |
| Operating charges60/66A | - | €279,736 | €382,574 | €363,691 | €383,040 | ▲ 5.3% |
| Goods for resale, raw materials and consumables60 | - | €37,379 | €93,833 | €88,379 | €122,989 | ▲ 39.2% |
| Purchases600/8 | - | - | €83,749 | €93,541 | €121,163 | ▲ 29.5% |
| Change in stocks: decrease (increase)609 | - | €7,144 | €10,084 | -€5,162 | €1,826 | ▲ 135% |
| Services and other goods61 | - | €145,252 | €177,104 | €132,138 | €104,339 | ▼ 21.0% |
| Remuneration, social security and pensions62 | - | €61,236 | €66,801 | €92,791 | €102,890 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,093 | €35,109 | €41,980 | €46,256 | €45,761 | ▼ 1.1% |
| Other operating charges640/8 | - | €760 | €2,856 | €4,127 | €7,061 | ▲ 71.1% |
| Operating profit (loss)9901 | €4.8m | -€154,975 | -€173,077 | -€130,458 | -€96,538 | ▲ 26.0% |
| Financial income75/76B | - | - | €26,627 | €3,789 | €606 | ▼ 84.0% |
| Recurring financial income75 | €81,217 | €978 | €26,627 | €3,789 | €606 | ▼ 84.0% |
| Income from financial fixed assets750 | - | - | - | €0 | - | - |
| Income from current assets751 | - | - | - | €3,750 | €271 | ▼ 92.8% |
| Other financial income752/9 | - | €978 | €26,627 | €39 | €334 | ▲ 754% |
| Financial charges65/66B | - | €61,001 | €156,536 | -€36,143 | €145,708 | ▲ 503% |
| Recurring financial charges65 | €152,985 | €61,001 | €156,536 | -€36,143 | €145,708 | ▲ 503% |
| Debt charges650 | €1,040 | €6,472 | €12,227 | €14,875 | €21,824 | ▲ 46.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €41,425 | €138,699 | -€63,745 | €34,718 | ▲ 154% |
| Other financial charges652/9 | - | €13,104 | €5,610 | €12,726 | €89,165 | ▲ 601% |
| Profit (loss) for the period before taxes9903 | €4.8m | -€214,998 | -€302,986 | -€90,525 | -€241,640 | ▼ 167% |
| Income taxes67/77 | €1.0m | €62 | €65 | €71 | €75 | ▲ 5.4% |
| Taxes670/3 | - | €62 | €65 | €71 | €75 | ▲ 5.4% |
| Profit (loss) for the period9904 | €3.7m | -€215,060 | -€303,051 | -€90,596 | -€241,715 | ▼ 167% |
| Transfer from tax-exempt reserves789 | - | - | - | €319,667 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €2.7m | -€215,060 | -€303,051 | €229,071 | -€241,715 | ▼ 206% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.9m | €4.5m | €4.4m | €4.2m | ▼ 5.4% |
| Fixed assets21/28 | €1.2m | €1.4m | €1.6m | €1.6m | €1.5m | ▼ 2.9% |
| Tangible fixed assets22/27 | €1.2m | €1.4m | €1.6m | €1.6m | €1.5m | ▼ 2.9% |
| Land and buildings22 | - | €1.4m | €1.6m | €1.6m | €1.5m | ▼ 2.8% |
| Furniture and vehicles24 | - | €7,730 | €5,428 | €3,127 | €826 | ▼ 73.6% |
| Current assets29/58 | €3.1m | €3.5m | €2.9m | €2.9m | €2.7m | ▼ 6.7% |
| Stocks and contracts in progress3 | €154,944 | €147,800 | €137,716 | €142,878 | €141,052 | ▼ 1.3% |
| Stocks30/36 | - | €147,800 | €137,716 | €142,878 | €141,052 | ▼ 1.3% |
| Goods purchased for resale34 | - | €147,800 | €137,716 | €142,878 | €141,052 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €163,859 | €51,500 | €9,955 | €9,721 | €9,714 | ▼ 0.1% |
| Trade receivables40 | - | €3,411 | €1,126 | €486 | - | - |
| Other amounts receivable41 | - | €48,089 | €8,829 | €9,235 | €9,714 | ▲ 5.2% |
| Current investments50/53 | €1.1m | €2.6m | €2.6m | €2.7m | €2.5m | ▼ 6.1% |
| Other investments51/53 | - | €2.6m | €2.6m | €2.7m | €2.5m | ▼ 6.1% |
| Cash at bank and in hand54/58 | €1.8m | €613,020 | €151,704 | €38,492 | €16,732 | ▼ 56.5% |
| Deferred charges and accrued income490/1 | - | €7,361 | €7,391 | €8,701 | €1,710 | ▼ 80.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.9m | €4.5m | €4.4m | €4.2m | ▼ 5.4% |
| Equity10/15 | €3.9m | €3.7m | €3.4m | €3.3m | €3.1m | ▼ 7.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Tax-exempt reserves132 | - | €1.1m | €1.1m | €732,833 | €732,833 | = |
| Distributable reserves133 | - | - | - | €319,667 | €319,667 | = |
| Profit (loss) carried forward14 | €2.8m | €2.6m | €2.3m | €2.2m | €1.9m | ▼ 11.1% |
| Amounts payable17/49 | €405,235 | €1.2m | €1.1m | €1.1m | €1.1m | ▲ 0.3% |
| Amounts payable after more than one year17 | - | €1.1m | €980,727 | €907,199 | €832,848 | ▼ 8.2% |
| Financial debts170/4 | - | €1.1m | €980,727 | €907,199 | €832,848 | ▼ 8.2% |
| Credit institutions173 | - | €1.1m | €980,727 | €907,199 | €832,848 | ▼ 8.2% |
| Amounts payable within one year42/48 | €391,800 | €129,455 | €133,383 | €208,162 | €275,994 | ▲ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €71,907 | €72,713 | €73,528 | €74,352 | ▲ 1.1% |
| Trade debts44 | €110,944 | €34,571 | €44,933 | €19,249 | €26,243 | ▲ 36.3% |
| Suppliers440/4 | - | €34,571 | €44,933 | €19,249 | €26,243 | ▲ 36.3% |
| Taxes, remuneration and social security45 | - | €21,398 | €14,158 | €11,311 | €15,417 | ▲ 36.3% |
| Taxes450/3 | - | €4,449 | €6,005 | €71 | €1,305 | ▲ 1,747% |
| Remuneration and social security454/9 | - | €16,949 | €8,153 | €11,240 | €14,111 | ▲ 25.5% |
| Other amounts payable47/48 | - | €1,579 | €1,579 | €104,075 | €159,983 | ▲ 53.7% |
| Accrued charges and deferred income492/3 | - | €13,633 | €741 | €9,532 | €19,606 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.7m | -€215,060 | -€303,051 | -€90,596 | -€241,715 | ▼ 167% |
| + Depreciation and write-downs630 | €46,093 | €35,109 | €41,980 | €46,256 | €45,761 | ▼ 1.1% |
| Operating cash flow (approximation) | €3.8m | -€179,951 | -€261,071 | -€44,340 | -€195,954 | ▼ 342% |
| Investment in fixed assets (approximation) | - | -€297,660 | -€230,474 | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€1.2m | -€461,316 | -€113,212 | -€21,760 | ▲ 80.8% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Weakest financial yearnet -€303,051
Net result drops to -€303,051, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Liquidity triplescurrent ratio 26.75
Current ratio from 8.04 to 26.75; short-term debt falls from €391,800 to €129,455.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €3.7m ▲2,004%
Operating result €4.8m, net result €3.7m, both a record.
31-03
Financial
Liquidity times 8current ratio 8.04
Current ratio from 0.95 to 8.04.
31-03
Financial
Equity above €2mEq €3.9m ▲2,054%
3 profitable years in a row build equity to €3.9m.
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Equity above €150,000Eq €181,438 ▲4,102%
2 profitable years in a row build equity to €181,438.
Show earlier events
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
29-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 424 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kontich · 1 establishment unit since 2000
Ground area
1.8 ha
Building footprint
1.1 ha
Volume, LiDAR
91,418 m³
Parcel 11602E0074/00M002, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BOLD NV
since 20002.092.744.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0074/00M002 | Flanders | 1.8 ha | 1 · 1.1 ha | 12.0 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
2022 · 1 entry · 585 EUR awarded · 585 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 585 EUR | 585 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300CDFRTBTJZBMV44
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Of 679 companies in sector 46494 we hold annual accounts for 532. 275 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
Founded22-06-1999
Fiscal year end31-03
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466306417
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.