BOON & HEYNINCK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €185k and a net result of €78k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 1423 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1423 sector peers (2024).
NBB · sector comparisonPosition among 1423 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
68 d late
2022
60 d late
2021
61 d late
2020
89 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€185k▼ 18.4%
2023 · €227k
2018: €153k
2019: €37k
2020: €59k
2021: €35k
2022: €48k
2023: €227k
2018 → 2024
Net result
€78k▼ 61.6%
2023 · €204k
2018: €7k
2019: €38k
2020: €22k
2021: €16k
2022: €14k
2023: €204k
2018 → 2024
Total assets
€1.67M▲ 43.3%
2023 · €1.17M
2018: €767k
2019: €702k
2020: €598k
2021: €504k
2022: €629k
2023: €1.17M
2018 → 2024
Solvency
11.1%▼ 8.4pp
2023 · 19.5%
2018: 19.9%
2019: 5.3%
2020: 9.8%
2021: 6.9%
2022: 7.7%
2023: 19.5%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€59k-€35k▼ 40.4%€48k▲ 38.7%€227k▲ 369%€185k▼ 18.4%
Operating result€55k-€22k▼ 59.5%€53k▲ 135%€288k▲ 448%€137k▼ 52.4%
Net result€22k-€16k▼ 24.3%€14k▼ 17.3%€204k▲ 1,409%€78k▼ 61.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.67M
Fixed assets
€979k▲ 105%
Current assets
€692k▲ 0.4%
Equity and liabilities €1.67M
Equity
€185k▼ 18.4%
Debt
€1.49M▲ 58.2%
The debt ratio rises from 80.5% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
11.1%▼
2023 · 19.5%
ROE
42.2%▼
2023 · 89.7%
ROA
4.7%▼
2023 · 17.5%
Debt
€1.49M▲
2023 · €939k
Debt ≤ 1 year
€627k▲
2023 · €497k
Debt > 1 year
€859k▲
2023 · €441k
Income taxes
€42k▼
2023 · €77k
Staff costs
€616k▲
2023 · €610k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.17M€1.67M▲
Fixed assets21/28€477k€979k▲
Intangible fixed assets21€262k€746k▲
Tangible fixed assets22/27€215k€232k▲
Land and buildings22€191k€187k▼
Plant, machinery and equipment23-€8k
Furniture and vehicles24€24k€37k▲
Current assets29/58€689k€692k▲
Amounts receivable within one year40/41€624k€570k▼
Trade receivables40€568k€474k▼
Other amounts receivable41€56k€96k▲
Current investments50/53-€42k
Cash at bank and in hand54/58€50k€65k▲
Deferred charges and accrued income490/1€15k€15k=
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.67M▲
Equity10/15€227k€185k▼
Contributions10/11€19k€19k=
Reserves13€208k€165k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€93k€93k=
Distributable reserves133€114k€70k▼
Profit (loss) carried forward14-€2k
Amounts payable17/49€939k€1.49M▲
Amounts payable after more than one year17€441k€859k▲
Financial debts170/4€441k€859k▲
Amounts payable within one year42/48€497k€627k▲
Current portion of amounts payable after more than one year42€67k€189k▲
Trade debts44€270k€268k▼
Suppliers440/4€270k€268k▼
Taxes, remuneration and social security45€130k€126k▼
Taxes450/3€62k€64k▲
Remuneration and social security454/9€68k€62k▼
Other amounts payable47/48€30k€44k▲
Income statement
Code20232024
Remuneration, social security and pensions62€610k€616k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€108k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€86
Gross operating margin9900€1.03M€863k▼
Operating profit (loss)9901€288k€137k▼
Financial income75/76B€4k€7▼
Recurring financial income75€4k€7▼
Financial charges65/66B€12k€17k▲
Recurring financial charges65€12k€17k▲
Profit (loss) for the period before taxes9903€281k€120k▼
Income taxes67/77€77k€42k▼
Profit (loss) for the period9904€204k€78k▼
Transfer to tax-exempt reserves689€93k-
Profit (loss) for the period to be appropriated9905€111k€78k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€78k▼
Profit (loss) brought forward from the previous period14P€-14k-
Transfer from equity791/2-€44k
Transfer to equity691/2€71k-
To other reserves6921€71k-
Profit to be distributed694/7€25k€120k▲
Return on contributions (dividend)694€25k€120k▲
Social balance
Average headcount (FTE)90878.88.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 58 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €204k ▲1409%
Operating result €288k, net result €204k, both a record.
31-12
Financial
Equity above €200kEq €227k ▲369%
6 profitable years in a row build equity to €227k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 127 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Lokeren · 1 establishment unit since 2005
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.
Martelarenlaan 89160 LokerenGround area
2,595 m²
Building footprint
390 m²
Volume, LiDAR
3,025 m³
2 parcels, Flanders · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
De Borger & Boon
since 20052.143.638.137
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0756/00E002 | Flanders | 1,887 m² | 1 · 144 m² | 11.9 m |
| 46384E0623/00K000 | Flanders | 708 m² | 1 · 246 m² | 17.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 93 EUR awarded · 93 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 93 EUR |
| 2022 | 1 | 93 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400N9PFJLJ2I5LO59
Similar companies · same sector, comparable size
PROTECTUS VERZEKERINGEN
BE 1007.076.764
Meise · Eq €185k
MALENGRET ASSURANCES
BE 0433.609.202
Morlanwelz · Eq €185k
PRO - VERZEKERINGEN
BE 0463.762.344
Westerlo · Eq €185k
Algemeen Verzekeringsagentschap
BE 0891.982.306
Antwerpen · Eq €185k
Consultant MD
BE 0476.750.941
Beveren-Kruibeke-Zwijndrecht · Eq €186k
Of 4,687 companies in sector 66220 we hold annual accounts for 3,231. 2,836 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2004
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
67201
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.