BOOSTCHARGE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-04-2026 PDF all 4 filings
Turnover
≈ €1.5m
Estimated: probably between €1.3m and €2.0m
Total assets
€9.2m▲ 46.6%
2024 · €6.3m
Net result
-€342,859▼ 22.2%
2024 · -€280,640
Working capital
-€954,929▲ 50.8%
2024 · -€1.9m
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
-€185,490
▲ 28.4%
2025
20222025
Net result
-€342,859
▼ 22.2%
2025
lowest quarter of the sector
20222025
Equity
€983,782
▼ 6.5%
2025
highest quarter of the sector
20222025
Total assets
€9.2m
▲ 46.6%
2025
highest quarter of the sector
20222025
Debt
€8.2m
▲ 57.3%
2025
20222025
Working capital
-€954,929
▲ 50.8%
2025
lowest quarter of the sector
20222025
Solvency
10.7%
▼ 6.1pp
2025
lowest quarter of the sector
20222025
Current ratio
0.57
▲ 0.35
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
-3.7%
▲ 0.7pp
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€0.08m--€0.2m▼ 97.2%-€0.3m▼ 62.6%-€0.2m▲ 28.4%
Net result-€0.08mbelow the sector's middle half--€0.2mbelow the sector's middle half▼ 111%-€0.3mbelow the sector's middle half▼ 63.6%-€0.3mbelow the sector's middle half▼ 22.2%
Equity€0.4mabove the sector's middle half-€0.4mabove the sector's middle half▲ 15.6%€1.1mabove the sector's middle half▲ 147%€1.0mabove the sector's middle half▼ 6.5%
Total assets€0.6mabove the sector's middle half-€3.1mabove the sector's middle half▲ 436%€6.3mabove the sector's middle half▲ 99.4%€9.2mabove the sector's middle half▲ 46.6%
Debt€0.2m-€2.7m▲ 12×€5.2m▲ 91.9%€8.2m▲ 57.3%
Working capital-€0.1mbelow the sector's middle half--€1.4mbelow the sector's middle half▼ 906%-€1.9mbelow the sector's middle half▼ 41.2%-€1.0mbelow the sector's middle half▲ 50.8%
Solvency62.9%within the sector's middle half-13.6%below the sector's middle half▼ 49.3pp16.8%within the sector's middle half▲ 3.2pp10.7%below the sector's middle half▼ 6.1pp
Current ratio0.37below the sector's middle half-0.24below the sector's middle half▼ 0.130.22below the sector's middle half▼ 0.020.57below the sector's middle half▲ 0.35
Return on assets (ROA)-13.9%below the sector's middle half--5.5%below the sector's middle half▲ 8.4pp-4.5%below the sector's middle half▲ 1.0pp-3.7%below the sector's middle half▲ 0.7pp
above
within
below
The sector band is the middle half of the companies in Land transport and transport via pipelines (NACE 49). 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 €185,490, smaller than the loss of €259,030 in 2024.
Large changes and their cause
- 2024 Equity +147% on 2023. Capital increase of €300,000 (Official Gazette 23-02-2024).
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 €9.2m
Fixed assets
€7.9m ▲ 38.6%
Current assets
€1.3m ▲ 129%
Equity and liabilities €9.2m
Equity
€983,782 ▼ 6.5%
Debt
€8.2m ▲ 57.3%
Debt's share of the balance-sheet total rises from 83.2% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€693,493▲
2024 · €183,514
Cash flow
€536,124▲
2024 · €161,903
Debt to equity
8.33▲
2024 · 4.95
ROE
-34.9%▼
2024 · -26.7%
Interest coverage
2.37▲
2024 · 1.59
Debt ≤ 1 year
€2.2m▼
2024 · €2.5m
Debt > 1 year
€5.7m▲
2024 · €2.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Pledge on the business | €1.1m | €1.1m | €4.9m | €6.3m |
| Pledge on other assets, amount secured | - | - | €146,000 | €146,000 |
| Carrying value of the other pledged assets | - | - | €0 | €0 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €368,993 | €2.2m | €4.6m | €3.3m |
| Intangible fixed assets | €150,536 | €26,714 | €987 | €3,199 |
| Financial fixed assets | - | €24,563 | - | - |
| Depreciation and write-downs of the year | €13,916 | €78,554 | €442,543 | €878,983 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 10 entries · €1.2m awarded · €1.0m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | -€9,727 | €290,714 |
| 2024 | 3 | -€110,052 | €484,716 |
| 2023 | 2 | €455,213 | €264,694 |
| 2022 | 2 | €843,785 | €0 |
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,916 | €78,554 | €442,543 | €878,983 | ▲ 98.6% |
| Other operating charges640/8 | €300 | €770 | €3,472 | €1,418 | ▼ 59.2% |
| Non-recurring operating charges66A | - | - | - | €3,250 | - |
| Gross operating margin9900 | -€66,584 | -€79,989 | €186,986 | €698,161 | ▲ 273% |
| Operating profit (loss)9901 | -€80,800 | -€159,313 | -€259,030 | -€185,490 | ▲ 28.4% |
| Financial income75/76B | €158 | €7,526 | €93,654 | €135,313 | ▲ 44.5% |
| Recurring financial income75 | €158 | €7,526 | €93,654 | €135,313 | ▲ 44.5% |
| Financial charges65/66B | €736 | €19,701 | €115,264 | €292,682 | ▲ 154% |
| Recurring financial charges65 | €736 | €19,701 | €115,264 | €292,682 | ▲ 154% |
| Profit (loss) for the period before taxes9903 | -€81,377 | -€171,489 | -€280,640 | -€342,859 | ▼ 22.2% |
| Profit (loss) for the period9904 | -€81,377 | -€171,489 | -€280,640 | -€342,859 | ▼ 22.2% |
| Profit (loss) for the period to be appropriated9905 | -€81,377 | -€171,489 | -€280,640 | -€342,859 | ▼ 22.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.6m | €3.1m | €6.3m | €9.2m | ▲ 46.6% |
| Formation expenses20 | €0.001m | €0.001m | €306 | €98 | ▼ 68.0% |
| Fixed assets21/28 | €0.5m | €2.7m | €5.7m | €7.9m | ▲ 38.6% |
| Intangible fixed assets21 | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 34.5% |
| Tangible fixed assets22/27 | €0.4m | €2.5m | €5.6m | €7.8m | ▲ 39.9% |
| Plant, machinery and equipment23 | - | €0.8m | €4.5m | €6.2m | ▲ 37.9% |
| Furniture and vehicles24 | - | €0.003m | €0.01m | €0.009m | ▼ 13.4% |
| Leasing and similar rights25 | - | - | €0.9m | €1.1m | ▲ 26.6% |
| Assets under construction and advance payments27 | €0.4m | €1.7m | €0.2m | €0.5m | ▲ 132% |
| Financial fixed assets28 | - | €0.02m | €0.007m | €0.007m | = |
| Current assets29/58 | €0.08m | €0.4m | €0.6m | €1.3m | ▲ 129% |
| Amounts receivable within one year40/41 | €0.01m | €0.09m | €0.3m | €0.3m | ▲ 2.5% |
| Trade receivables40 | €0.007m | €0.02m | €0.3m | €0.2m | ▼ 28.5% |
| Other amounts receivable41 | €0.003m | €0.07m | €0 | €0.1m | - |
| Cash at bank and in hand54/58 | €0.07m | €0.4m | €0.2m | €0.7m | ▲ 325% |
| Deferred charges and accrued income490/1 | - | €0.002m | €0.09m | €0.3m | ▲ 219% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.6m | €3.1m | €6.3m | €9.2m | ▲ 46.6% |
| Equity10/15 | €0.4m | €0.4m | €1.1m | €1.0m | ▼ 6.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.3m | -€0.5m | -€0.9m | ▼ 64.3% |
| Investment grants15 | - | €0.2m | €0.8m | €1.1m | ▲ 32.9% |
| Amounts payable17/49 | €0.2m | €2.7m | €5.2m | €8.2m | ▲ 57.3% |
| Amounts payable after more than one year17 | - | €0.9m | €2.6m | €5.7m | ▲ 121% |
| Financial debts170/4 | - | €0.9m | €2.6m | €5.7m | ▲ 121% |
| Amounts payable within one year42/48 | €0.2m | €1.8m | €2.5m | €2.2m | ▼ 10.8% |
| Current portion of amounts payable after more than one year42 | - | €0.09m | €0.3m | €0.5m | ▲ 83.8% |
| Financial debts43 | - | - | €0.002m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €0.002m | €0 | ▼ 100% |
| Trade debts44 | €0.2m | €0.9m | €0.2m | €0.3m | ▲ 74.8% |
| Suppliers440/4 | €0.2m | €0.9m | €0.2m | €0.3m | ▲ 74.8% |
| Taxes, remuneration and social security45 | - | - | €0.03m | €0.03m | ▲ 0.5% |
| Taxes450/3 | - | - | €0.03m | €0.03m | ▲ 0.5% |
| Other amounts payable47/48 | - | €0.8m | €2.0m | €1.4m | ▼ 31.5% |
| Accrued charges and deferred income492/3 | €0.001m | €0.02m | €0.1m | €0.3m | ▲ 112% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.08m | -€0.2m | -€0.3m | -€0.3m | ▼ 22.2% |
| + Depreciation and write-downs630 | €0.01m | €0.08m | €0.4m | €0.9m | ▲ 98.6% |
| Operating cash flow (approximation) | -€0.07m | -€0.09m | €0.2m | €0.5m | ▲ 231% |
| Investment in fixed assets (approximation) | - | -€2.3m | -€3.4m | -€3.1m | ▲ 10.7% |
| Change in cash | - | €0.3m | -€0.2m | €0.5m | - |
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, 618 companies had the same profile as BOOSTCHARGE has now. Two years later, 96.6% were still going and 0.6% had gone bankrupt.
- Medium-sized
- solvency 10 to 30%
- a small loss
- without age
96.6%
was still going
2.4%
stopped otherwise
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BOOSTCHARGE itself: 0.8% 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 618 companies, not a prediction for BOOSTCHARGE. 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.