BOLLEN
ActiveSummary
BOLLEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €111,525. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 44% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+14
Solvency67▼-13
Growth68=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 2.54 in 2024; short-term debt: 22.7% and cash: 7.8% of total assets), but 57.9% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
42.1%
Return on assets
2.1%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
6 d early
2023
8 d early
2022
28 d early
2021
25 d late
2020
26 d late
2019
49 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 10 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
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 trust this company with building work?Contractor check 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
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Financials · fiscal year 2025, micro schema
In the rankings
#2 company by total assets in Kortenaken, Construction sector#3 company by equity in Kortenaken, Construction sector
Turnover
€5.3m▲ 25.7%
2018 · €4.2m
EBIT margin
17.4%▲ 3.8pp
2018 · 13.7%
Net result
€111,525▲ 36.6%
2024 · €81,673
Working capital
€1.5m▼ 15.9%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result€132,187▲ 12.4%€167,043▲ 26.4%€158,369▼ 5.2%€161,775▲ 2.2%€178,259▲ 10.2%
Net result€95,661within the sector's middle half▲ 10.8%€127,998within the sector's middle half▲ 33.8%€145,924above the sector's middle half▲ 14.0%€81,673above the sector's middle half▼ 44.0%€111,525above the sector's middle half▲ 36.6%
EBIT margin
Equity€1.4mabove the sector's middle half▼ 11.3%€1.3mabove the sector's middle half▼ 11.3%€2.6mabove the sector's middle half▲ 103%€2.1mabove the sector's middle half▼ 17.8%€2.2mabove the sector's middle half▲ 4.9%
Total assets€2.8mabove the sector's middle half▼ 10.6%€2.3mabove the sector's middle half▼ 18.3%€3.7mabove the sector's middle half▲ 60.1%€3.8mabove the sector's middle half▲ 2.2%€5.2mabove the sector's middle half▲ 37.5%
Debt€1.4m▼ 9.8%€1.1m▼ 25.2%€1.2m▲ 9.8%€1.7m▲ 45.6%€3.0m▲ 77.6%
Working capital€632,920▼ 18.3%€410,310▼ 35.2%€2.2m▲ 444%€1.8m▼ 17.9%€1.5m▼ 15.9%
Solvency49.9%within the sector's middle half▼ 0.4pp54.1%within the sector's middle half▲ 4.3pp68.5%above the sector's middle half▲ 14.4pp55.2%within the sector's middle half▼ 13.4pp42.1%within the sector's middle half▼ 13.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€2.5m ▲ 219%
Current assets
€2.7m ▼ 9.7%
Equity and liabilities €5.2m
Equity
€2.2m ▲ 4.9%
Debt
€3.0m ▲ 77.6%
Debt's share of the balance-sheet total rises from 44.8% to 57.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€251,991▲
2024 · €237,620
Cash flow
€185,257▲
2024 · €157,517
Current ratio
2.30▼
2024 · 2.54
Debt to equity
1.38▲
2024 · 0.81
ROE
5.1%▲
2024 · 3.9%
ROA
2.1%▼
2024 · 2.1%
Interest coverage
8.88▲
2024 · 4.22
Debt ≤ 1 year
€1.2m▼
2024 · €1.2m
Debt > 1 year
€1.8m▲
2024 · €517,331
Income taxes
€45,011▲
2024 · €31,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 6,040 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,420 | €68,927 | €78,440 | €75,844 | €73,732 | ▼ 2.8% |
| Other operating charges640/8 | €1,777 | €2,016 | €1,056 | €4,398 | €2,823 | ▼ 35.8% |
| Gross operating margin9900 | €201,384 | €237,986 | €237,865 | €242,018 | €254,813 | ▲ 5.3% |
| Operating profit (loss)9901 | €132,187 | €167,043 | €158,369 | €161,775 | €178,259 | ▲ 10.2% |
| Financial income75/76B | €5,983 | €10,492 | €63,625 | €8,017 | €6,663 | ▼ 16.9% |
| Recurring financial income75 | €5,983 | €10,492 | €63,625 | €8,017 | €6,663 | ▼ 16.9% |
| Financial charges65/66B | €2,802 | €967 | €19,853 | €56,247 | €28,386 | ▼ 49.5% |
| Recurring financial charges65 | €2,802 | €967 | €19,853 | €56,247 | €28,386 | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | €135,368 | €176,569 | €202,141 | €113,546 | €156,536 | ▲ 37.9% |
| Income taxes67/77 | €39,706 | €48,570 | €56,218 | €31,873 | €45,011 | ▲ 41.2% |
| Profit (loss) for the period9904 | €95,661 | €127,998 | €145,924 | €81,673 | €111,525 | ▲ 36.6% |
| Profit (loss) for the period to be appropriated9905 | €95,661 | €127,998 | €145,924 | €81,673 | €111,525 | ▲ 36.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €2.3m | €3.7m | €3.8m | €5.2m | ▲ 37.5% |
| Fixed assets21/28 | €865,229 | €907,465 | €860,032 | €785,853 | €2.5m | ▲ 219% |
| Tangible fixed assets22/27 | €865,229 | €907,465 | €860,032 | €785,853 | €2.5m | ▲ 219% |
| Land and buildings22 | €817,992 | €774,699 | €750,632 | €698,344 | €2.4m | ▲ 250% |
| Plant, machinery and equipment23 | €47,236 | €42,942 | €38,648 | €34,354 | €30,059 | ▼ 12.5% |
| Furniture and vehicles24 | - | €89,824 | €70,752 | €53,156 | €34,860 | ▼ 34.4% |
| Current assets29/58 | €2.0m | €1.4m | €2.9m | €3.0m | €2.7m | ▼ 9.7% |
| Amounts receivable after more than one year29 | - | - | €2.0m | €2.0m | €2.0m | = |
| Other amounts receivable291 | - | - | €2.0m | €2.0m | €2.0m | = |
| Amounts receivable within one year40/41 | €451,652 | €225,482 | €279,432 | €276,408 | €318,245 | ▲ 15.1% |
| Trade receivables40 | €0 | €1,150 | €16,960 | €0 | €27,256 | - |
| Other amounts receivable41 | €451,652 | €224,332 | €262,472 | €276,408 | €290,990 | ▲ 5.3% |
| Cash at bank and in hand54/58 | €1.5m | €1.2m | €584,238 | €740,570 | €407,320 | ▼ 45.0% |
| Deferred charges and accrued income490/1 | €1,101 | €840 | €841 | €2,750 | €964 | ▼ 64.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €2.3m | €3.7m | €3.8m | €5.2m | ▲ 37.5% |
| Equity10/15 | €1.4m | €1.3m | €2.6m | €2.1m | €2.2m | ▲ 4.9% |
| Contributions10/11 | €88,730 | €88,730 | €1.6m | €1.6m | €1.6m | = |
| Reserves13 | €1.3m | €1.2m | €964,202 | €510,608 | €614,456 | ▲ 20.3% |
| Distributable reserves133 | €1.3m | €1.2m | €964,202 | €510,608 | €614,456 | ▲ 20.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.4m | €1.1m | €1.2m | €1.7m | €3.0m | ▲ 77.6% |
| Amounts payable after more than one year17 | €78,705 | €58,423 | €537,965 | €517,331 | €1.8m | ▲ 257% |
| Financial debts170/4 | €78,705 | €58,423 | €37,965 | €17,331 | €1.3m | ▲ 7,658% |
| Other amounts payable178/9 | - | - | €500,000 | €500,000 | €500,000 | = |
| Amounts payable within one year42/48 | €1.3m | €1.0m | €633,644 | €1.2m | €1.2m | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €40,109 | €40,268 | €40,458 | €40,634 | €88,515 | ▲ 118% |
| Trade debts44 | €9,989 | €0 | €2,080 | €2,265 | €0 | ▼ 100% |
| Suppliers440/4 | €9,989 | €0 | €2,080 | €2,265 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €16,630 | €13,864 | €23,676 | €39,992 | €6,566 | ▼ 83.6% |
| Taxes450/3 | €16,630 | €13,864 | €23,676 | €39,992 | €6,566 | ▼ 83.6% |
| Other amounts payable47/48 | €1.3m | €954,257 | €567,430 | €1.1m | €1.1m | ▼ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,661 | €127,998 | €145,924 | €81,673 | €111,525 | ▲ 36.6% |
| + Depreciation and write-downs630 | €67,420 | €68,927 | €78,440 | €75,844 | €73,732 | ▼ 2.8% |
| Operating cash flow (approximation) | €163,082 | €196,925 | €224,363 | €157,517 | €185,257 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | -€111,163 | -€31,006 | -€1,666 | -€1.8m | ▼ 107,658% |
| Change in cash | - | -€335,268 | -€608,140 | €156,333 | -€333,250 | ▼ 313% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €81,673 ▼44%
Net result drops to €81,673, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.52
Current ratio from 1.41 to 4.52; short-term debt falls from €1.0m to €633,644.
31-12
Financial
Equity above €2mEq €2.6m ▲103%
6 profitable years in a row build equity to €2.6m.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €598,428 ▲55.9%
Operating result €923,983, net result €598,428, both a record.
31-12
Financial
Equity above €2mEq €2.1m ▲40.1%
2 profitable years in a row build equity to €2.1m.
Show earlier events
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kortenaken · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bredestraat 533470 Kortenaken1 establishment unit
BOLLEN
since 20102.187.771.256
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 898 EUR awarded · 898 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 553 EUR | 553 EUR |
| 2023 | 1 | 0 EUR | 345 EUR |
| 2022 | 1 | 345 EUR | 0 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 2,673 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 (pre-2019)
Founded03-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
43990Other specialised construction activities
77229Renting and leasing of other personal and household goods
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.