Financials
- Financial year
- 2025
- Turnover
- €16.4m
- Loss
- -€4.5m
- Solvency
- 64.9%
Turnover▼ 20.2%
Net result
20182025
BOSAL EMISSION CONTROL SYSTEMS
ActiveSummary
The annual accounts of BOSAL EMISSION CONTROL SYSTEMS for financial year 2025 show a net loss of 172% of the equity at the start of that year. The 2025 annual accounts show equity of €18.3m and a net result of -€4.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 886 sector peers (NACE 71, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
Largest company by equity in Limburg, Architecture and engineering sector1 site
Size
€16.4mturnover 2025
- Staff
- 86.4 FTE
- Equity
- €18.3m
- Loss
- -€4.5m
Equity +601%: capital increase
Structure
- Parent
- Bosal Nederland B.V. · 100%
- Herwig VanbenedenDirector
- Karel BosDirector
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES2025 accounts 31 days early
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €4.5m, the second in a row (financial year 2025)Liquidity: current ratio 2.74, cash €104,443lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: turnover €16.4m, 86.4 FTE, total assets €28.2mShow the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 43% of its sector peers (NACE 71, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
90+55
equity 64.9% of total assets
Liquidity
35+34
short-term debt 34.3% · cash 0.4%
Profitability
0-4
return on assets -15.9%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.9%
12-2024: 0.9%● unchanged vs 11-2024
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 0.9%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.1 percentage points vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.0%▼ -0.1 percentage points vs 01-2026
03-2026: 1.1%▲ +0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.1 percentage points vs 07-2026
09-2026: 1.4%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.3%▼ -1.1 percentage points vs 09-2026lowest value
Credit of up to €1,000,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.74, compared with 1.04 in 2024, above the usual 1.5; short-term debt: 34.3% and cash: 0.4% of total assets), and 35.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, medium-sized): better than 79% on solvency, 35% on liquidity, 2% on profitability and 56% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
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 €18.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
34 days early
2023
16 days early
2022
20 days early
2021
31 days early
2020
22 days early
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than doubledcurrent ratio 2.74
- Equity above €10mequity €18.3m ▲601%
Key points
- Risk: 3 loss-making years in a rowloss financial year 2025 -€4.5m View
- Positive: Equity rose in 2025capital increase ▲ 601% View
- Caution: Among the weakest 5% on net resultsector median €36,627 · 888 companies -€4.5m View
- Controlled by Bosal Nederland B.V.ultimately: FENIKS 100% View
- Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
- EU research moneyEU contribution €4.6m View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Bosal Nederland B.V. · 100%
- Auditor
- BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
- Herwig VanbenedenDirector
- Karel BosDirector
Network & group
- Group
- FENIKS
- Connected companies
- 3
Timeline
- Events
- 71
- Since
- 1989
- Next accounts
- by 31-07-2027
- 13-10-2025Capital & shares · Amendment of the…
- 27-06-2025Annual accounts filed
- 15-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Founded
- 16-06-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 4
- Purpose
- “1) het verlenen van technische, administratieve of commerciële bijstand aan alle Belgische…” (deed in Dutch)
Key facts about BOSAL EMISSION CONTROL SYSTEMS
- What is the company number of BOSAL EMISSION CONTROL SYSTEMS?
- 0431.440.855. In Belgium the VAT number is the company number with BE in front: BE 0431.440.855.
- Where is BOSAL EMISSION CONTROL SYSTEMS based?
- The registered office is at Dellestraat 20, 3560 Lummen.Company details
- What does BOSAL EMISSION CONTROL SYSTEMS do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of BOSAL EMISSION CONTROL SYSTEMS?
- Public limited company (NV).
- When was BOSAL EMISSION CONTROL SYSTEMS founded?
- On 16-06-1987.
- Is BOSAL EMISSION CONTROL SYSTEMS still active?
- Yes, BOSAL EMISSION CONTROL SYSTEMS is an active enterprise in the KBO register.
- How many employees does BOSAL EMISSION CONTROL SYSTEMS have?
- On average 86.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BOSAL EMISSION CONTROL SYSTEMS?
- €16.4m in financial year 2025, according to the filed annual accounts.
- Is BOSAL EMISSION CONTROL SYSTEMS profitable?
- In financial year 2025, BOSAL EMISSION CONTROL SYSTEMS made a loss of €4.5m.
- Where can I find the annual accounts of BOSAL EMISSION CONTROL SYSTEMS?
- BOSAL EMISSION CONTROL SYSTEMS filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BOSAL EMISSION CONTROL SYSTEMS due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to BOSAL EMISSION CONTROL SYSTEMS
Comparable companies
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.