Boomkapper
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 5 filings
Turnover
≈ €120,000
Estimated: probably between €79,000 and €200,000
Total assets
€133,539▼ 10.9%
2024 · €149,910
Net result
-€32,712▲ 39.5%
2024 · -€54,035
Working capital
-€81,316▲ 0.4%
2024 · -€81,624
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€17,154
▲ 55.0%
2025
20212025
Net result
-€32,712
▲ 39.5%
2025
lowest quarter of the sector
20212025
Equity
-€208,361
▼ 18.6%
2025
lowest quarter of the sector
20212025
Total assets
€133,539
▼ 10.9%
2025
middle half of the sector
20212025
Debt
€110,376
▲ 16.8%
2025
20212025
Working capital
-€81,316
▲ 0.4%
2025
lowest quarter of the sector
20212025
Solvency
-156.0%
▼ 38.9pp
2025
lowest quarter of the sector
20212025
Current ratio
0.26
▲ 0.19
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
-24.5%
▲ 11.5pp
2025
lowest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,311--€26,494▼ 30.4%-€31,385▼ 18.5%-€38,160▼ 21.6%-€17,154▲ 55.0%
Net result-€34,289below the sector's middle half--€41,131below the sector's middle half▼ 20.0%-€47,194below the sector's middle half▼ 14.7%-€54,035below the sector's middle half▼ 14.5%-€32,712below the sector's middle half▲ 39.5%
Equity-€33,289below the sector's middle half--€74,420below the sector's middle half▼ 124%-€121,614below the sector's middle half▼ 63.4%-€175,649below the sector's middle half▼ 44.4%-€208,361below the sector's middle half▼ 18.6%
Total assets€275,255within the sector's middle half-€224,762within the sector's middle half▼ 18.3%€199,421within the sector's middle half▼ 11.3%€149,910within the sector's middle half▼ 24.8%€133,539within the sector's middle half▼ 10.9%
Debt€79,283-€69,233▼ 12.7%€90,477▲ 30.7%€94,474▲ 4.4%€110,376▲ 16.8%
Working capital-€33,328below the sector's middle half--€38,908below the sector's middle half▼ 16.7%-€60,588below the sector's middle half▼ 55.7%-€81,624below the sector's middle half▼ 34.7%-€81,316below the sector's middle half▲ 0.4%
Solvency-12.1%below the sector's middle half--33.1%below the sector's middle half▼ 21.0pp-61.0%below the sector's middle half▼ 27.9pp-117.2%below the sector's middle half▼ 56.2pp-156.0%below the sector's middle half▼ 38.9pp
Current ratio0.39below the sector's middle half-0.24below the sector's middle half▼ 0.150.18below the sector's middle half▼ 0.060.07below the sector's middle half▼ 0.110.26below the sector's middle half▲ 0.19
Return on assets (ROA)-12.5%below the sector's middle half--18.3%below the sector's middle half▼ 5.8pp-23.7%below the sector's middle half▼ 5.4pp-36.0%below the sector's middle half▼ 12.4pp-24.5%below the sector's middle half▲ 11.5pp
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). 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 a loss of €17,154, smaller than the loss of €38,160 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,539
Fixed assets
€104,480 ▼ 27.4%
Current assets
€29,059 ▲ 384%
Equity and liabilities
Equity-€208,361
Debt€110,376
Equity is negative. Debt (€110,376) exceeds the balance-sheet total (€133,539).
Key figures and ratios
EBITDA
€24,284▲
2024 · €4,978
Cash flow
€8,727▲
2024 · -€10,897
Interest coverage
1.56▲
2024 · 0.31
Debt ≤ 1 year
€110,376▲
2024 · €87,632
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €298,616 | - | €13,500 | - | €2,617 |
| Intangible fixed assets | - | - | €2,465 | - | - |
| Financial fixed assets | - | - | - | €600 | - |
| Depreciation and write-downs of the year | €35,713 | €41,295 | €42,133 | €43,138 | €41,438 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €870 awarded · €870 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €691 | €691 |
| 2024 | 1 | €179 | €179 |
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,713 | €41,295 | €42,133 | €43,138 | €41,438 | ▼ 3.9% |
| Other operating charges640/8 | €593 | €853 | €836 | €976 | €4,365 | ▲ 347% |
| Non-recurring operating charges66A | €1,900 | - | - | - | - | - |
| Gross operating margin9900 | €17,895 | €15,654 | €11,584 | €5,954 | €28,649 | ▲ 381% |
| Operating profit (loss)9901 | -€20,311 | -€26,494 | -€31,385 | -€38,160 | -€17,154 | ▲ 55.0% |
| Financial income75/76B | €3 | €713 | - | - | €49 | - |
| Recurring financial income75 | €3 | €713 | - | - | €49 | - |
| Financial charges65/66B | €13,981 | €15,350 | €15,810 | €15,875 | €15,606 | ▼ 1.7% |
| Recurring financial charges65 | €13,981 | €15,350 | €15,810 | €15,875 | €15,606 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | -€34,289 | -€41,131 | -€47,194 | -€54,035 | -€32,712 | ▲ 39.5% |
| Profit (loss) for the period9904 | -€34,289 | -€41,131 | -€47,194 | -€54,035 | -€32,712 | ▲ 39.5% |
| Profit (loss) for the period to be appropriated9905 | -€34,289 | -€41,131 | -€47,194 | -€54,035 | -€32,712 | ▲ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €275,255 | €224,762 | €199,421 | €149,910 | €133,539 | ▼ 10.9% |
| Fixed assets21/28 | €253,903 | €212,608 | €186,440 | €143,902 | €104,480 | ▼ 27.4% |
| Intangible fixed assets21 | - | - | €2,426 | €1,933 | €1,440 | ▼ 25.5% |
| Tangible fixed assets22/27 | €253,903 | €212,608 | €184,014 | €141,369 | €103,040 | ▼ 27.1% |
| Plant, machinery and equipment23 | €85,658 | €70,478 | €67,999 | €51,469 | €37,466 | ▼ 27.2% |
| Furniture and vehicles24 | €138,356 | €120,161 | €101,965 | €83,770 | €65,575 | ▼ 21.7% |
| Leasing and similar rights25 | €29,889 | €21,969 | €14,049 | €6,130 | - | - |
| Financial fixed assets28 | - | - | - | €600 | - | - |
| Current assets29/58 | €21,352 | €12,154 | €12,981 | €6,008 | €29,059 | ▲ 384% |
| Amounts receivable within one year40/41 | €18,214 | €11,172 | €12,978 | €3,107 | €22,171 | ▲ 614% |
| Trade receivables40 | €18,214 | €9,254 | €12,978 | €652 | €22,171 | ▲ 34× |
| Other amounts receivable41 | - | €1,917 | - | €2,455 | - | - |
| Cash at bank and in hand54/58 | €3,138 | €982 | €3 | €1,869 | €6,109 | ▲ 227% |
| Deferred charges and accrued income490/1 | - | - | - | €1,033 | €779 | ▼ 24.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €275,255 | €224,762 | €199,421 | €149,910 | €133,539 | ▼ 10.9% |
| Equity10/15 | -€33,289 | -€74,420 | -€121,614 | -€175,649 | -€208,361 | ▼ 18.6% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€34,289 | -€75,420 | -€122,614 | -€176,649 | -€209,361 | ▼ 18.5% |
| Provisions and deferred taxes16 | €229,260 | €229,949 | €230,558 | €231,085 | €231,525 | ▲ 0.2% |
| Provisions for liabilities and charges160/5 | €229,260 | €229,949 | €230,558 | €231,085 | €231,525 | ▲ 0.2% |
| Other liabilities and charges164/5 | €229,260 | €229,949 | €230,558 | €231,085 | €231,525 | ▲ 0.2% |
| Amounts payable17/49 | €79,283 | €69,233 | €90,477 | €94,474 | €110,376 | ▲ 16.8% |
| Amounts payable after more than one year17 | €24,603 | €18,171 | €16,908 | €6,842 | - | - |
| Financial debts170/4 | €24,603 | €18,171 | €16,908 | €6,842 | - | - |
| Amounts payable within one year42/48 | €54,680 | €51,062 | €73,569 | €87,632 | €110,376 | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | €6,340 | €6,432 | €9,739 | €10,066 | €8,571 | ▼ 14.8% |
| Trade debts44 | €1,017 | €1,438 | €7,787 | €6,916 | €7,075 | ▲ 2.3% |
| Suppliers440/4 | €1,017 | €1,438 | €7,787 | €6,916 | €7,075 | ▲ 2.3% |
| Taxes, remuneration and social security45 | €559 | €34 | €1,280 | - | €758 | - |
| Taxes450/3 | €559 | €34 | €1,280 | - | €758 | - |
| Other amounts payable47/48 | €46,764 | €43,157 | €54,763 | €70,650 | €93,972 | ▲ 33.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,289 | -€41,131 | -€47,194 | -€54,035 | -€32,712 | ▲ 39.5% |
| + Depreciation and write-downs630 | €35,713 | €41,295 | €42,133 | €43,138 | €41,438 | ▼ 3.9% |
| Operating cash flow (approximation) | €1,424 | €164 | -€5,061 | -€10,897 | €8,727 | - |
| Investment in fixed assets (approximation) | - | €0 | -€15,965 | -€600 | -€2,017 | ▼ 236% |
| Change in cash | - | -€2,156 | -€979 | €1,865 | €4,240 | ▲ 127% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as Boomkapper has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Boomkapper itself: 2.4% 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 6,008 companies, not a prediction for Boomkapper. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00201682 | |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00156761 | |
| 31-12-2023 | micro format | 01-08-2024 | 2024-00324761 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00366174 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20142780 |