Equity
€919,507 ▲ 2.5%
BONACHE has made a profit in every financial year since 2006.
BONACHE
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005Turnoverpeak €16.2m (2025)
€16.2m▲ 52.3%
Resultpeak €679,570 (2021)
€22,722▼ 84.4%
Equitypeak €1.5m (2022)
€919,507▲ 2.5%
Debts
€4.4m▲ 12.0%
Staffpeak 154.9 FTE (2025)
154.9 FTE▲ 11.6%
Board10 names since 2021
2 directorsInnoviss/Wim Bontinck and 1 other
Owners7 names in the annual accountsall names
70%SOLVINT SUPPLY MANAGEMENT and 1 other
Documentsfilings and deeds
10-04-202620 days before the deadline
2025financial year
Turnover from €10.6m to €16.2mResult from €145,230 to €22,722Staff from 138.8 FTE to 154.9 FTE1 director resigning 09-05
Key points
from the 2025 annual accountsResult
€22,722 ▼ 84.4%
The result fell in 2025: 12-month financial year.
Debts
€4.4m 83% of the balance sheet
Financial debts 27%Suppliers 24%Taxes and wages 48%Other 1%
€1.2m of the debts are secured on the company's own assets. In 2023 that was €1.1m.
Staff
161 employees on 30-09-2025
In 2025, 56 people joined and 57 left.
Payment terms
70 days to suppliers
BONACHE pays its suppliers 37 days earlier than in 2024. Customers pay 35 days earlier.
At the same address
31 companies
Turnover +52%: 12-month year
Checked score
92
Excellent
Financially stronger than 38% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 801 companies (NACE 70, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €919,507 (17.2% of total assets)
Profit of €22,722 (financial year 2025)
lowers risk
Liquidity: current ratio 1.22, cash €1.5m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized). It does better than 15% of them on solvency, 27% on liquidity, 38% on profitability and 72% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 733 companies had the same profile as BONACHE has now. Each dot stands for 2 companies, two years later.
97.3%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BONACHE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 733 companies, not a prediction for BONACHE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22 (1.22 in 2024), below the usual 1.5. Short-term debt is 81.7% and cash 28.3% of total assets. 82.8% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3867 sector peers (2025).
NBB · sector comparisonPosition among 3867 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €919,507
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-04-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 days early
2024
21 days early
2023
35 days early
2022
19 days early
2021
34 days early
2020
33 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
Board and ownership
- SOLVINT SUPPLY MANAGEMENT 70%score 81equity €2.7m (2025) · 30-09-2025 annual accounts of SOLVINT SUPPLY MANAGEMENT
- MAKX 20%equity €174,480 (2026) · 30-06-2026 annual accounts of MAKX
- Felino 15%score 92equity €98,976 (2026) · 30-06-2024 annual accounts of Felino
Shares in 1 company, Bonache Managed Services
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0866870786
1 director resigning
BV Felino (director) · Permanent representatives: Femke Lintelo and Wim Bontinck · Director discharge: BV Felino (director (not named in the articles)) · General meeting of 04-12-2024 · Gazette deed
Registered office moved to Antwerp
New registered office: Mechelsesteenweg 64 bus 401, 2018 Antwerpen · Resignations: VAN HOVE Pascale Maria Aloïsia, MAKX, DIVER CONSULTING and FELINO · Permanent representatives: MARTIN Robine Leen Dirk, VERBEECK Dirk Nadia Jan, LINTELO Femke, BONTINCK Wim and MATTHYSSENS Emanuel Guido Maria · General meeting of 24-09-2024 · Gazette deed
4 directors appointed, 4 resignations
Resignations: VAN HOVE Pascale Maria Aloïsia, MAKX, DIVER CONSULTING and FELINO · Permanent representatives: MARTIN Robine Leen Dirk, VERBEECK Dirk Nadia Jan, LINTELO Femke, BONTINCK Wim and MATTHYSSENS Emanuel Guido Maria · Appointments: FELINO, MAKX, INNOVISS/WIM BONTINCK and PASSE PARTOUT SERVICES · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| BONACHE Antwerp | €16.2m | 2.7% | 17.2% | 154.9 |
| ADVIPRO Lille | €15.1m | 8.9% | 57.8% | 142 |
| TRIPLE A SOLUTIONS Machelen (Brab.) | €13.5m | 8.9% | 48.0% | 160.4 |
| MEDPACE BELGIUM Leuven | €21.6m | 5.1% | 38.7% | 178.2 |
| Maandag Belgium Antwerp | €14.4m | 2.2% | 47.2% | 94.2 |
| HAMILTON BRIGHT Antwerp | €22.1m | 5.6% | 46.7% | 246.3 |
| SOLID TALENT Ghent | €16.8m | 6.7% | 54.4% | 85.7 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BONACHE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4.5m and €8.9m, founded between 2003 and 2011.
Official details
Source: KBO- Status
- Active since 20-08-2004Normal situation
- Registered office
- 33 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.139.017.2742018 Antwerp, since 30-08-2004
- Financial year end
- 30 September
- Peppol
- Reachable since 25-11-2025
Annual accounts to 30-09-2025
- Total assets
- €5.4m▲ 10.2%
- Employeeson 30-09-2025
- 161▼ 0.6%
- Filing
- Filed on 10-04-2026, 20 days before the end of the filing period
Insights on BONACHE
BONACHE has existed since 2004. In 2007 turnover rose from €528,640 to €1.1m and staff from 11.7 to 20.7 full-time equivalents.
SOLVINT SUPPLY MANAGEMENT holds 70% of the shares. In September 2024, three directors stepped down. In September 2022, the Official Gazette published the appointment of Diver Consulting BV as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BONACHE
- What is the company number of BONACHE?
- The company number of BONACHE is 0866.870.786. The VAT number is the same number with BE in front: BE 0866.870.786.
- Where is BONACHE based?
- The registered office is at Mechelsesteenweg 64, 2018 Antwerp.Company details
- What does BONACHE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BONACHE?
- BONACHE is a public limited company (NV).
- When was BONACHE founded?
- BONACHE was founded on 20-08-2004.
- Is BONACHE still active?
- Yes, BONACHE is an active enterprise in the KBO register.
- How many employees does BONACHE have?
- BONACHE had an average of 154.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BONACHE fall under?
- In its 30-09-2025 annual accounts, BONACHE states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of BONACHE?
- The turnover of BONACHE was €16.2m in financial year 2025, according to the filed annual accounts.
- Is BONACHE profitable?
- In financial year 2025, BONACHE made a profit of €22,722.
- Where can I find the annual accounts of BONACHE?
- BONACHE filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BONACHE due?
- BONACHE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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