Checked.be
Active
BE 0886.864.664Private limited company
BOLSO
Kasteelstraat 75 ·9140 Temse, Belgium· 19 yrs active
Sector: Cafés and bars
(56301)
Conclusion
BOLSO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 91% of 12646 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €109k |
| Net result | €21k |
| Better than sector | 91% |
| Active | 19 yrs |
Financial profile
93
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
95
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€10k
estimate, not credit advice
Score history
35
2021
33
2022
89
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.59 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.40 (≥ 1.0)
+5
Leverage
Debt/equity 0.23 (< 1.0)
+10
Profitability
ROE 19% (≥ 10%)
+10
Interest coverage
Interest coverage 11.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~36% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 81.3% | 30.5% | |
| Net result | €21k | €5k | |
| Equity | €109k | €30k | |
| Gross operating margin | €36k | €62k | |
| Staff costs | €900 | €56k |
€35k
-43.2%
21-25
€21k
-68.8%
21-25
€25k
-63.0%
21-25
€134k
+19.5%
21-25
€109k
+23.4%
21-25
€71k
+20.4%
21-25
1
+100.0%
21-25
€900
-11.8%
21-25
€7k
+47.0%
21-25
€25k
+5.2%
21-25
€20k
-13.3%
21-25
€5k
+453.1%
21-25
4.59
+28.0%
21-25
4.40
+23.6%
21-25
81.3%
+3.2%
21-25
0.23
-14.7%
21-25
19.0%
-74.7%
21-25
15.4%
-73.9%
21-25
11.35
-22.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €35k | €61k | €25k | €5k | €-30k |
| Net profit | €21k | €66k | €22k | €1k | €-10k |
| Cash flow | €25k | €67k | €22k | €2k | €-10k |
| Staff costs | €900 | €1k | €1k | €732 | €667 |
| Income taxes | €7k | €5k | - | €5k | €3k |
| Dividends | - | - | - | - | - |
| Total assets | €134k | €112k | €45k | €41k | €65k |
| Equity | €109k | €88k | €22k | €82 | €-1k |
| Debt | €25k | €24k | €22k | €41k | €66k |
| of which ≤ 1y | €20k | €23k | €13k | €19k | €31k |
| of which > 1y | €5k | €940 | €9k | €22k | €35k |
| Working capital | €71k | €59k | €2k | €-7k | €4k |
| Employees (FTE) | - | 1.0 | 0.5 | 0.5 | 0.5 |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 4.59 | 3.59 | 1.19 | 0.64 | 1.13 |
| Quick ratio | 4.40 | 3.56 | 1.14 | 0.51 | 1.07 |
| Working capital ratio | 53.1% | 52.7% | 5.6% | -16.5% | 6.3% |
| Solvency | 81.3% | 78.8% | 49.6% | 0.2% | -1.7% |
| Debt / equity | 0.23 | 0.27 | 1.02 | 498.30 | -60.97 |
| Long-term debt ratio | 0.05 | 0.01 | 0.42 | 272.20 | -32.20 |
| Interest coverage | 11.35 | 14.59 | 4.89 | 0.86 | -6.94 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 15.4% | 59.0% | 49.4% | 2.9% | -16.0% |
| ROE | 19.0% | 74.9% | 99.6% | 1424.0% | 962.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €134k | €112k | €45k | €41k | €65k |
| Fixed assets | 21/28 | €43k | €30k | €29k | €29k | €30k |
| Tangible fixed assets | 22/27 | €34k | €21k | €20k | €20k | €21k |
| Financial fixed assets | 28 | €9k | €9k | €9k | €9k | €9k |
| Current assets | 29/58 | €91k | €82k | €16k | €12k | €35k |
| Stocks & contracts in progress | 3 | €4k | €591 | €591 | €2k | €2k |
| Amounts receivable within one year | 40/41 | €4k | €3k | €4k | €2k | €25k |
| Cash & bank | 54/58 | €83k | €78k | €12k | €7k | €7k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €134k | €112k | €45k | €41k | €65k |
| Equity | 10/15 | €109k | €88k | €22k | €82 | €-1k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €88k | €68k | €2k | €-20k | €-22k |
| Amounts payable | 17/49 | €25k | €24k | €22k | €41k | €66k |
| Amounts payable after one year | 17 | €5k | €940 | €9k | €22k | €35k |
| Amounts payable within one year | 42/48 | €20k | €23k | €13k | €19k | €31k |
| Trade debts payable within one year | 44 | €6k | €4k | - | €829 | - |
| Income statement | ||||||
| Gross operating margin | 9900 | €36k | €62k | €26k | €5k | €-29k |
| Operating result | 9901 | €31k | €60k | €24k | €4k | €-30k |
| Financial income | 75 | €539 | €15k | €3k | €8k | €27k |
| Financial charges | 65 | €3k | €4k | €5k | €5k | €4k |
| Result before taxes | 9903 | €28k | €71k | €22k | €6k | €-8k |
| Income taxes | 67/77 | €7k | €5k | - | €5k | €3k |
| Net result for the period | 9904 | €21k | €66k | €22k | €1k | €-10k |
| Result to be appropriated | 9905 | €21k | €66k | €22k | €1k | €-10k |
Legal Structure
| NACE primary | Cafés and bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 31-01-2007 |
| Status | Active |
| Postal code | 9140 |
Establishment units
-
since 20072.159.805.463
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D0728/00B002 | Flanders | 464 m² | 1 · 621 m² | 13.6 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €100kEq €109k ▲23.4%
4 profitable years in a row build equity to €109k.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €66k ▲200%
Operating result €60k, net result €66k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.59
Current ratio from 1.19 to 3.59.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 184 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
55401Cafés and bars56301Sports, amusement and recreation activities93291Sports, amusement and recreation activities93292
Names & trade names
| Legal nameNL | BOLSO |
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