Summary
Bollo Advisory Group is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €219,492 and a net result of €148,619. Equity has been growing by about 397% per year since 2023. Its solvency ranks better than 86% of 9,761 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-07-2023 Normal situation
- Activity
- Other financial services NACE 64999
- Establishment unit
- 2.346.909.357 3140 Keerbergen, since 04-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 26-05-2025
Board and ownership
Board
- AK AdvisoryDirector · since 04-07-2023 · permanent representative KLEPFISCH Anthony
Shareholders
- KLEPFISCH Anthony100 sharesdeed of 06-07-2023
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €148,619
- ▲ 140%
- Equity
- €219,492
- ▲ 210%
- Total assets
- €250,797
- ▲ 42.1%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
neutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average on the deadline day. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 3 filings
Equity
€219,492▲ 210%
2024 · €70,872
Net result
€148,619▲ 140%
2024 · €61,978
Total assets
€250,797▲ 42.1%
2024 · €176,531
Solvency
87.5%▲ 47.4pp
2024 · 40.1%
Multi-year overview
2023 to 2025, 3 financial yearsTurnover
€554,819
▲ 64.0%
2025
20232025
Operating result
€198,934
▲ 156%
2025
20232025
Net result
€148,619
▲ 140%
2025
highest quarter of the sector
20232025
Equity
€219,492
▲ 210%
2025
middle half of the sector
20232025
Total assets
€250,797
▲ 42.1%
2025
middle half of the sector
20232025
Debt
€31,306
▼ 70.4%
2025
20232025
Working capital
€218,256
▲ 219%
2025
highest quarter of the sector
20232025
Solvency
87.5%
▲ 47.4pp
2025
highest quarter of the sector
20232025
Current ratio
7.97
▲ 6.32
2025
highest quarter of the sector
20232025
Return on assets (ROA)
59.3%
▲ 24.1pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Turnover€69,800-€338,223▲ 385%€554,819▲ 64.0%
Operating result€8,072-€77,740▲ 863%€198,934▲ 156%
Net result€6,394within the sector's middle half-€61,978within the sector's middle half▲ 869%€148,619above the sector's middle half▲ 140%
Equity€8,894below the sector's middle half-€70,872within the sector's middle half▲ 697%€219,492within the sector's middle half▲ 210%
Total assets€53,509below the sector's middle half-€176,531within the sector's middle half▲ 230%€250,797within the sector's middle half▲ 42.1%
Debt€44,616-€105,659▲ 137%€31,306▼ 70.4%
Working capital€7,884within the sector's middle half-€68,383within the sector's middle half▲ 767%€218,256above the sector's middle half▲ 219%
Solvency16.6%below the sector's middle half-40.1%within the sector's middle half▲ 23.5pp87.5%above the sector's middle half▲ 47.4pp
Current ratio1.18within the sector's middle half-1.65within the sector's middle half▲ 0.477.97above the sector's middle half▲ 6.32
Return on assets (ROA)11.9%within the sector's middle half-35.1%above the sector's middle half▲ 23.2pp59.3%above the sector's middle half▲ 24.1pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 156% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €250,797
Fixed assets
€1,236 ▼ 50.4%
Current assets
€249,561 ▲ 43.4%
Equity and liabilities €250,797
Equity
€219,492 ▲ 210%
Debt
€31,306 ▼ 70.4%
Debt's share of the balance-sheet total falls from 59.9% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
67.7%▼
2024 · 87.5%
Debt ≤ 1 year
€31,306▼
2024 · €105,659
Income taxes
€50,354▲
2024 · €15,802
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,181 | €2,581 | - |
| Depreciation and write-downs of the year | €171 | €1,101 | €1,254 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €69,800 | €338,223 | €554,819 | ▲ 64.0% |
| Non-recurring operating income76A | €0 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | €61,557 | €258,151 | €354,631 | ▲ 37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171 | €1,101 | €1,254 | ▲ 13.9% |
| Other operating charges640/8 | - | €1,418 | €0 | ▼ 100% |
| Gross operating margin9900 | €8,243 | €80,260 | €200,188 | ▲ 149% |
| Operating profit (loss)9901 | €8,072 | €77,740 | €198,934 | ▲ 156% |
| Financial income75/76B | - | €941 | €842 | ▼ 10.4% |
| Recurring financial income75 | - | €941 | €842 | ▼ 10.4% |
| Financial charges65/66B | €25 | €900 | €803 | ▼ 10.8% |
| Recurring financial charges65 | €25 | €900 | €803 | ▼ 10.8% |
| Profit (loss) for the period before taxes9903 | €8,047 | €77,781 | €198,973 | ▲ 156% |
| Income taxes67/77 | €1,653 | €15,802 | €50,354 | ▲ 219% |
| Profit (loss) for the period9904 | €6,394 | €61,978 | €148,619 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €6,394 | €61,978 | €148,619 | ▲ 140% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €53,509 | €176,531 | €250,797 | ▲ 42.1% |
| Fixed assets21/28 | €1,010 | €2,490 | €1,236 | ▼ 50.4% |
| Tangible fixed assets22/27 | €1,010 | €2,490 | €1,236 | ▼ 50.4% |
| Furniture and vehicles24 | €1,010 | €2,490 | €1,236 | ▼ 50.4% |
| Current assets29/58 | €52,499 | €174,042 | €249,561 | ▲ 43.4% |
| Amounts receivable within one year40/41 | €5,417 | €147,388 | €174,308 | ▲ 18.3% |
| Trade receivables40 | - | €133,152 | €167,768 | ▲ 26.0% |
| Other amounts receivable41 | €5,417 | €14,236 | €6,540 | ▼ 54.1% |
| Cash at bank and in hand54/58 | €47,083 | €25,103 | €72,121 | ▲ 187% |
| Deferred charges and accrued income490/1 | - | €1,550 | €3,133 | ▲ 102% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €53,509 | €176,531 | €250,797 | ▲ 42.1% |
| Equity10/15 | €8,894 | €70,872 | €219,492 | ▲ 210% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €6,394 | €68,372 | €216,992 | ▲ 217% |
| Amounts payable17/49 | €44,616 | €105,659 | €31,306 | ▼ 70.4% |
| Amounts payable within one year42/48 | €44,616 | €105,659 | €31,306 | ▼ 70.4% |
| Trade debts44 | €44,616 | €100,829 | €21,022 | ▼ 79.2% |
| Suppliers440/4 | €44,616 | €100,829 | €21,022 | ▼ 79.2% |
| Taxes, remuneration and social security45 | - | €4,739 | €8,994 | ▲ 89.8% |
| Taxes450/3 | - | €4,739 | €8,994 | ▲ 89.8% |
| Other amounts payable47/48 | - | €90 | €1,289 | ▲ 14× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,394 | €61,978 | €148,619 | ▲ 140% |
| + Depreciation and write-downs630 | €171 | €1,101 | €1,254 | ▲ 13.9% |
| Operating cash flow (approximation) | €6,565 | €63,080 | €149,873 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€2,581 | €0 | - |
| Change in cash | - | -€21,980 | €47,018 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, since incorporation
Board 1
AK Advisory
Current
Director (not named in the articles) · since 04-07-2023 · term without a fixed end · Private limited company · permanent representative: KLEPFISCH Anthony · also on the board of 3 other companies · listed in the 2025 annual accounts, filed on 31-07-2026
Permanent representatives 1
KLEPFISCH Anthony
Current
Permanent representative · appointed by deed of 06-07-2023 · for AK Advisory
Owners and capital
Shareholders
At incorporation
deed of 06-07-2023 ↗
- KLEPFISCH Anthony 100 shares (100%) · €2,500 in cash
Capital transactions
Capital over time
- 06-07-2023 Incorporation · €2,500 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid aantal aandelen, elke overdracht onder levenden ten bezwarende of kosteloze…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 06-07-2023 (in Dutch)
Network & group
Companies at the same address
4 other companies- Apertis Registered office · since 22-10-2026Founded in 2026 1044.389.694
- A&A Investments Registered office · since 04-04-2025Founded in 2025 · total assets €200,317 (2025) 1021.970.917
- AKAA Management Registered office · since 04-04-2025Founded in 2025 · total assets €19,336 (2025) 1021.971.115
- AK Advisory Registered office · since 18-03-2021Founded in 2021 · total assets €112,631 (2025) 0765.360.880
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
→
A&A Investments
via AK Advisory · Director · deed of 08-04-2025
Founded in 2025 · total assets €200,317 (2025)
→
AKAA Management
via AK Advisory · Director (not named in the articles) · deed of 08-04-2025
Founded in 2025 · total assets €19,336 (2025)
→
→
Show 2 more companies with a shared director
→
→
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-07
micro format · on the deadline day
2025
31-12
Financial
Highest result from 2023 to 2025net €148,619 ▲140%
The operating result of €198,934 and the net result of €148,619 are both a record.
31-12
Financial
Liquidity more than quadruplescurrent ratio 7.97
The current ratio rises from 1.65 to 7.97. Short-term debt falls from €105,659 to €31,306.
31-12
Financial
Equity above €200,000equity €219,492 ▲210%
With a profit in every financial year since 2023, equity grows to €219,492.
31-07
micro format · on the deadline day
2024
31-07
micro format · on the deadline day
05-01
Gazette deed
Registered office moved from Woluwe-Saint-Lambert to KeerbergenNew registered office: Bollostraat 22, 3140 Keerbergen · Previous registered office: Yorkshirelaan 22 bus 21, 1200 Sint-Lambrechts-Woluwe · Permanent representative: Anthony Klepfisch4 points ▸
Gazette deed
Registered office moved from Woluwe-Saint-Lambert to Keerbergen
New registered office: Bollostraat 22, 3140 Keerbergen · Previous registered office: Yorkshirelaan 22 bus 21, 1200 Sint-Lambrechts-Woluwe · Permanent representative: Anthony Klepfisch4 points ▸
- Board meeting, 23-10-2023
- Registered-office move, Bollostraat 22, 3140 Keerbergen
- Director in office, AK Advisory BV
- Permanent representative, Anthony Klepfisch
2023
06-07
Gazette deed
IncorporationFounding capital of €2,500, 100 shares · Founder: KLEPFISCH Anthony · Appointment: AK ADVISORY (director)7 points ▸
Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Founder: KLEPFISCH Anthony · Appointment: AK ADVISORY (director)7 points ▸
- Incorporation, 04-07-2023
- Founder, KLEPFISCH Anthony
- Founding capital, €2,500, 100 shares
- 100 shares
- Director appointment, AK ADVISORY (director (not named in the articles))
- Permanent representative, KLEPFISCH Anthony
- Board rule, 1
- The deed holds 3 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Bollo Advisory Group was incorporated on 4 July 2023 as a private limited company by one natural person, with a starting capital of €2,500.12 The registered office was moved to Keerbergen in 2024.3 Since 2023, AK Advisory has served as director.4 Total assets rose from €53,509 in 2023 to €250,797 in 2025.5
Company details
Register details
Identity
KBO recordName
Bollo Advisory Group in Dutch
Abbreviation
BAG in Dutch
Enterprise number
0803.564.232
Legal form
Private limited company
Status
Active, normal situation
Founded
04-07-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 06-07-2023 (in Dutch)Name clauseThe company operates under this name according to its articles.
Bollo Advisory Group
deed of 06-07-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Hoofdstedelijk Gewest”
deed of 06-07-2023 (in Dutch)Registered office and establishments
Registered office
Bollostraat 22, 3140 Keerbergen, Belgium
1 former office
- Yorkshirelaan 22 bus 21, 1200 Sint-Lambrechts-Woluwe until 26-10-2023 · deed of 05-01-2024
Establishment unit
Bollo Advisory Group, Bollostraat 22, 3140 Keerbergen since 04-07-2023 · unit number 2.346.909.357
Activities
NACEBEL 202564999
Other financial services main activity
Codes under NACEBEL 2008
64999
Financial service activities, except insurance and pension funding main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 06-07-2023 (in Dutch)
“A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle…”
3 activities
- A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- B) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen
- C) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van de bovenvermelde doelstellingen
Invoicing and payment
VAT number
BE 0803.564.232
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of May at 11:00
deed of 06-07-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
3,376 m²
Building footprint
153 m²
Building volume
1,952 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24472F0447/00C000 | Flanders | 3,376 m² | 1 · 153 m² | 23.6 m · 4 |