BOOST4
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 04-12-2025 PDF all 18 filings
Turnover
≈ €130,000
Estimated: probably between €73,000 and €170,000
Total assets
€64,021▲ 88.3%
2024 · €34,001
Net result
€31,182
2024 · -€30,689
Working capital
-€17,432▼ 15.8%
2024 · -€15,054
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€33,749
2025
20192025
Net result
€31,182
2025
middle half of the sector
20192025
Equity
€4,550
2025
lowest quarter of the sector
20192025
Total assets
€64,021
▲ 88.3%
2025
lowest quarter of the sector
20192025
Debt
€59,471
▼ 1.9%
2025
20192025
Working capital
-€17,432
▼ 15.8%
2025
lowest quarter of the sector
20192025
Solvency
7.1%
▲ 85.4pp
2025
lowest quarter of the sector
20192025
Current ratio
0.47
▲ 0.08
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
48.7%
▲ 139.0pp
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€27,852--€132,782▼ 377%€8,353€38,909▲ 366%-€43,109-€27,836▲ 35.4%€33,749
Net result-€30,017--€134,326below the sector's middle half▼ 348%€7,623within the sector's middle half€37,689within the sector's middle half▲ 394%-€45,139below the sector's middle half-€30,689below the sector's middle half▲ 32.0%€31,182within the sector's middle half
Equity€138,210-€3,884below the sector's middle half▼ 97.2%€11,507below the sector's middle half▲ 196%€49,196within the sector's middle half▲ 328%€4,057below the sector's middle half▼ 91.8%-€26,632below the sector's middle half€4,550below the sector's middle half
Total assets€234,502-€104,172within the sector's middle half▼ 55.6%€88,654within the sector's middle half▼ 14.9%€120,430within the sector's middle half▲ 35.8%€59,355below the sector's middle half▼ 50.7%€34,001below the sector's middle half▼ 42.7%€64,021below the sector's middle half▲ 88.3%
Debt€96,292-€100,287▲ 4.1%€77,146▼ 23.1%€71,234▼ 7.7%€55,298▼ 22.4%€60,633▲ 9.6%€59,471▼ 1.9%
Working capital€142,485-€10,760within the sector's middle half▼ 92.4%€20,814within the sector's middle half▲ 93.4%€60,828within the sector's middle half▲ 192%€18,361within the sector's middle half▼ 69.8%-€15,054below the sector's middle half-€17,432below the sector's middle half▼ 15.8%
Solvency58.9%-3.7%below the sector's middle half▼ 55.2pp13.0%below the sector's middle half▲ 9.3pp40.9%within the sector's middle half▲ 27.9pp6.8%below the sector's middle half▼ 34.0pp-78.3%below the sector's middle half▼ 85.2pp7.1%below the sector's middle half▲ 85.4pp
Current ratio11.59-1.40within the sector's middle half▼ 10.202.56within the sector's middle half▲ 1.174.59above the sector's middle half▲ 2.032.81within the sector's middle half▼ 1.790.39below the sector's middle half▼ 2.420.47below the sector's middle half▲ 0.08
Return on assets (ROA)-12.8%--128.9%below the sector's middle half▼ 116.1pp8.6%within the sector's middle half▲ 137.5pp31.3%above the sector's middle half▲ 22.7pp-76.0%below the sector's middle half▼ 107.3pp-90.3%below the sector's middle half▼ 14.2pp48.7%above the sector's middle half▲ 139.0pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 profit of €33,749, after a loss of €27,836 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 €64,021
Fixed assets
€48,592 ▲ 98.3%
Current assets
€15,429 ▲ 62.6%
Equity and liabilities €64,021
Equity
€4,550
Debt
€59,471
Debt's share of the balance-sheet total is 92.9%.
Key figures and ratios
EBITDA
€40,645▲
2024 · -€21,517
Cash flow
€38,078▲
2024 · -€24,370
Debt to equity
13.07
ROE
685.3%
Interest coverage
18.36▲
2024 · -8.50
Debt ≤ 1 year
€32,861▲
2024 · €24,545
Debt > 1 year
€26,610▼
2024 · €36,088
Income taxes
€353▲
2024 · €323
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €30,978 |
| Depreciation and write-downs of the year | €11,852 | €11,852 | €6,319 | €6,896 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €1,500 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €3,692 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,182 | €12,182 | €11,852 | €11,852 | €11,852 | €6,319 | €6,896 | ▲ 9.1% |
| Other operating charges640/8 | - | - | - | €1,619 | €1,581 | €1,896 | €2,660 | ▲ 40.3% |
| Gross operating margin9900 | -€14,657 | -€119,348 | €21,781 | €52,380 | -€25,984 | -€19,621 | €43,305 | - |
| Operating profit (loss)9901 | -€27,852 | -€132,782 | €8,353 | €38,909 | -€43,109 | -€27,836 | €33,749 | - |
| Financial income75/76B | - | - | - | €0 | €106 | €2 | €0 | ▼ 95.2% |
| Recurring financial income75 | - | €156 | €547 | €0 | €106 | €2 | €0 | ▼ 95.2% |
| Financial charges65/66B | - | - | - | €918 | €1,817 | €2,531 | €2,214 | ▼ 12.5% |
| Recurring financial charges65 | €1,859 | €1,410 | €995 | €918 | €1,817 | €2,531 | €2,214 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | -€29,711 | -€134,036 | €7,905 | €37,991 | -€44,820 | -€30,365 | €31,535 | - |
| Income taxes67/77 | €306 | €290 | €282 | €302 | €319 | €323 | €353 | ▲ 9.3% |
| Profit (loss) for the period9904 | -€30,017 | -€134,326 | €7,623 | €37,689 | -€45,139 | -€30,689 | €31,182 | - |
| Profit (loss) for the period to be appropriated9905 | -€30,017 | -€134,326 | €7,623 | €37,689 | -€45,139 | -€30,689 | €31,182 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €234,502 | €104,172 | €88,654 | €120,430 | €59,355 | €34,001 | €64,021 | ▲ 88.3% |
| Fixed assets21/28 | €78,568 | €66,386 | €54,534 | €42,682 | €30,829 | €24,510 | €48,592 | ▲ 98.3% |
| Tangible fixed assets22/27 | €78,568 | €66,386 | €54,534 | €42,682 | €30,829 | €24,510 | €48,592 | ▲ 98.3% |
| Land and buildings22 | - | - | - | €36,382 | €30,319 | €24,255 | €18,191 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | €766 | €511 | €255 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €5,533 | €0 | - | €30,401 | - |
| Current assets29/58 | €155,934 | €37,785 | €34,120 | €77,749 | €28,526 | €9,491 | €15,429 | ▲ 62.6% |
| Amounts receivable within one year40/41 | €9,946 | €5,807 | €24,863 | €19,950 | €5,243 | €2,149 | €5,064 | ▲ 136% |
| Trade receivables40 | - | - | - | €16,733 | €0 | - | €5,064 | - |
| Other amounts receivable41 | - | - | - | €3,217 | €5,243 | €2,149 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €140,994 | €26,431 | €3,055 | €53,062 | €19,442 | €3,301 | €4,885 | ▲ 48.0% |
| Deferred charges and accrued income490/1 | - | - | - | €4,737 | €3,840 | €4,041 | €5,479 | ▲ 35.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €234,502 | €104,172 | €88,654 | €120,430 | €59,355 | €34,001 | €64,021 | ▲ 88.3% |
| Equity10/15 | €138,210 | €3,884 | €11,507 | €49,196 | €4,057 | -€26,632 | €4,550 | - |
| Contributions10/11 | €162,400 | - | - | €162,400 | €162,400 | €162,400 | €162,400 | = |
| Reserves13 | €2,058 | €2,058 | €2,058 | €2,058 | €2,058 | €2,058 | €2,058 | = |
| Non-distributable reserves130/1 | - | - | - | €2,058 | €2,058 | €2,058 | €2,058 | = |
| Reserves not available under the articles1311 | - | - | - | €2,058 | €2,058 | €2,058 | €2,058 | = |
| Profit (loss) carried forward14 | -€26,248 | -€160,574 | -€152,951 | -€115,262 | -€160,401 | -€191,090 | -€159,908 | ▲ 16.3% |
| Amounts payable17/49 | €96,292 | €100,287 | €77,146 | €71,234 | €55,298 | €60,633 | €59,471 | ▼ 1.9% |
| Amounts payable after more than one year17 | €82,709 | €73,262 | €63,840 | €54,314 | €45,133 | €36,088 | €26,610 | ▼ 26.3% |
| Financial debts170/4 | - | - | - | €54,314 | €45,133 | €36,088 | €26,610 | ▼ 26.3% |
| Amounts payable within one year42/48 | €13,449 | €27,026 | €13,306 | €16,920 | €10,165 | €24,545 | €32,861 | ▲ 33.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,526 | €9,631 | €9,739 | €9,847 | ▲ 1.1% |
| Trade debts44 | €220 | €2,167 | €53 | €0 | €215 | €983 | €1,587 | ▲ 61.3% |
| Suppliers440/4 | - | - | - | €0 | €215 | €983 | €1,587 | ▲ 61.3% |
| Taxes, remuneration and social security45 | - | - | - | €3,852 | €319 | €3,873 | €5,525 | ▲ 42.6% |
| Taxes450/3 | - | - | - | €3,852 | €319 | €3,873 | €5,525 | ▲ 42.6% |
| Other amounts payable47/48 | - | - | - | €3,542 | €0 | €9,950 | €15,903 | ▲ 59.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,017 | -€134,326 | €7,623 | €37,689 | -€45,139 | -€30,689 | €31,182 | - |
| + Depreciation and write-downs630 | €12,182 | €12,182 | €11,852 | €11,852 | €11,852 | €6,319 | €6,896 | ▲ 9.1% |
| Operating cash flow (approximation) | -€17,835 | -€122,144 | €19,476 | €49,541 | -€33,287 | -€24,370 | €38,078 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€30,978 | - |
| Change in cash | - | -€114,563 | -€23,376 | €50,007 | -€33,619 | -€16,141 | €1,584 | - |
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, 1,325 companies had the same profile as BOOST4 has now. Two years later, 95.2% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
95.2%
was still going
3.2%
stopped otherwise
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BOOST4 itself is lower: 0.1% within 12 months. It rests on far more data about BOOST4 than the profile alone.
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 1,325 companies, not a prediction for BOOST4. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 04-12-2025 | 2025-00575887 | |
| 30-06-2024 | micro format | 02-12-2024 | 2024-00607697 | |
| 30-06-2023 | micro format | 04-12-2023 | 2023-00521884 | |
| 30-06-2022 | micro format | 24-01-2023 | 2023-00002467 | |
| 30-06-2021 | micro format | 15-12-2021 | 2021-80200210 | |
| 30-06-2020 | micro format | 01-02-2021 | 2021-04200025 | |
| 30-06-2019 | micro format | 17-12-2019 | 2019-76400201 | |
| 30-06-2018 | micro format | 19-12-2018 | 2018-75200020 | |
| 30-06-2017 | micro format | 07-12-2017 | 2017-71300405 | |
| 30-06-2016 | abbreviated format | 28-12-2016 | 2016-72200520 |