Boshca
ActiveSummary
The computed 12-month bankruptcy probability of Boshca is 4.4% (elevated). The 2024 annual accounts show negative equity (-€167,714) and a net result of €126,162. Equity is shrinking by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 2937 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+30
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.08 in 2023; short-term debt: 90.1% and cash: 8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-25.5%
Return on assets
19.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2937 sector peers (2024).
NBB · sector comparisonPosition among 2937 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
8 d early
2022
64 d late
2021
18 d late
2020
30 d late
2019
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€167,714▲ 42.9%
2023 · -€293,876
Total assets
€658,194▼ 13.9%
2023 · €764,030
Net result
€126,162
2023 · -€37,336
Working capital
-€520,687▲ 17.5%
2023 · -€631,077
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€29,185-€84,930-€48,168▲ 43.3%-€20,071▲ 58.3%€134,761
Net result€9,438-€100,634-€67,125▲ 33.3%-€37,336▲ 44.4%€126,162
Equity-€88,781▲ 9.6%-€189,415▼ 113%-€256,540▼ 35.4%-€293,876▼ 14.6%-€167,714▲ 42.9%
Total assets€1.2m▼ 19.3%€1.0m▼ 11.2%€893,798▼ 14.7%€764,030▼ 14.5%€658,194▼ 13.9%
Debt€1.3m▼ 18.7%€1.2m▼ 2.5%€1.2m▼ 7.0%€1.1m▼ 8.0%€825,909▼ 21.9%
Working capital-€450,038▲ 6.8%-€339,797▲ 24.5%-€544,097▼ 60.1%-€631,077▼ 16.0%-€520,687▲ 17.5%
Staff (FTE)11.1▼ 53.4%11.3▲ 1.8%12.2▲ 8.0%9.6▼ 21.3%4.5▼ 53.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Staff (FTE) -53% on 2023. Cause not known from the registers.
- 2021 Equity -113% on 2020. Cause not known from the registers.
- 2020 Staff (FTE) -53% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €134,761 after a loss of €20,071 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €658,194
Fixed assets
€585,795 ▼ 17.2%
Current assets
€72,400 ▲ 36.9%
Key figures and ratios
EBITDA
€264,566▲
2023 · €114,867
Cash flow
€255,967▲
2023 · €97,602
Solvency
-25.5%▲
2023 · -38.5%
Current ratio
0.12▲
2023 · 0.08
Quick ratio
0.10▲
2023 · 0.06
Debt to equity
-4.92▼
2023 · -3.60
ROA
19.2%▲
2023 · -4.9%
Interest coverage
30.77▲
2023 · 6.65
Debt ≤ 1 year
€593,086▼
2023 · €683,956
Debt > 1 year
€225,322▼
2023 · €373,951
Staff costs
€271,263▼
2023 · €449,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,176 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €476,021 | €429,809 | €449,959 | €271,263 | ▼ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140,507 | €141,065 | €138,557 | €134,938 | €129,805 | ▼ 3.8% |
| Other operating charges640/8 | - | €935 | €4,688 | €8,487 | €8,490 | = |
| Gross operating margin9900 | €597,596 | €533,090 | €524,886 | €573,313 | €544,319 | ▼ 5.1% |
| Operating profit (loss)9901 | €29,185 | -€84,930 | -€48,168 | -€20,071 | €134,761 | ▲ 771% |
| Financial income75/76B | - | €4 | €2,403 | €0 | - | - |
| Recurring financial income75 | - | €4 | €2,403 | €0 | - | - |
| Financial charges65/66B | - | €15,696 | €15,990 | €17,265 | €8,600 | ▼ 50.2% |
| Recurring financial charges65 | €19,319 | €15,696 | €15,990 | €17,265 | €8,600 | ▼ 50.2% |
| Profit (loss) for the period before taxes9903 | €9,866 | -€100,621 | -€61,755 | -€37,336 | €126,162 | ▲ 438% |
| Income taxes67/77 | €428 | €13 | €5,370 | €0 | - | - |
| Profit (loss) for the period9904 | €9,438 | -€100,634 | -€67,125 | -€37,336 | €126,162 | ▲ 438% |
| Profit (loss) for the period to be appropriated9905 | €9,438 | -€100,634 | -€67,125 | -€37,336 | €126,162 | ▲ 438% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.0m | €893,798 | €764,030 | €658,194 | ▼ 13.9% |
| Formation expenses20 | €37,355 | €25,955 | €14,555 | €3,775 | €0 | ▼ 100% |
| Fixed assets21/28 | €1.1m | €958,692 | €831,535 | €707,376 | €585,795 | ▼ 17.2% |
| Intangible fixed assets21 | €1.1m | €939,740 | €815,490 | €693,217 | €568,728 | ▼ 18.0% |
| Tangible fixed assets22/27 | €11,867 | €6,452 | €3,545 | €1,660 | €4,566 | ▲ 175% |
| Plant, machinery and equipment23 | - | €5,493 | €3,545 | €1,660 | €4,566 | ▲ 175% |
| Furniture and vehicles24 | - | €959 | - | - | - | - |
| Financial fixed assets28 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Current assets29/58 | €54,082 | €63,024 | €47,709 | €52,879 | €72,400 | ▲ 36.9% |
| Stocks and contracts in progress3 | €13,179 | €15,394 | €14,612 | €10,307 | €11,758 | ▲ 14.1% |
| Stocks30/36 | - | €15,394 | €14,612 | €10,307 | €11,758 | ▲ 14.1% |
| Amounts receivable within one year40/41 | €15,114 | - | €5,821 | €5,209 | €6,876 | ▲ 32.0% |
| Trade receivables40 | - | - | - | €5,209 | €6,876 | ▲ 32.0% |
| Other amounts receivable41 | - | - | €5,821 | €0 | - | - |
| Cash at bank and in hand54/58 | €13,610 | €45,048 | €27,276 | €37,363 | €52,564 | ▲ 40.7% |
| Deferred charges and accrued income490/1 | - | €2,582 | - | - | €1,201 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €893,798 | €764,030 | €658,194 | ▼ 13.9% |
| Equity10/15 | -€88,781 | -€189,415 | -€256,540 | -€293,876 | -€167,714 | ▲ 42.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€94,981 | -€195,615 | -€262,740 | -€300,076 | -€173,914 | ▲ 42.0% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.2m | €1.1m | €825,909 | ▼ 21.9% |
| Amounts payable after more than one year17 | €759,264 | €831,264 | €557,651 | €373,951 | €225,322 | ▼ 39.7% |
| Financial debts170/4 | - | €759,264 | €520,289 | €373,951 | €225,322 | ▼ 39.7% |
| Trade debts175 | - | €72,000 | €37,361 | - | - | - |
| Amounts payable within one year42/48 | €504,119 | €402,821 | €591,806 | €683,956 | €593,086 | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | - | €46,196 | €167,770 | €183,540 | €159,989 | ▼ 12.8% |
| Trade debts44 | €103,576 | €58,035 | €128,002 | €123,705 | €96,212 | ▼ 22.2% |
| Suppliers440/4 | - | €58,035 | €128,002 | €123,705 | €96,212 | ▼ 22.2% |
| Taxes, remuneration and social security45 | - | €54,860 | €42,868 | €39,870 | €22,878 | ▼ 42.6% |
| Taxes450/3 | - | €2,869 | €4,191 | €9,253 | €6,144 | ▼ 33.6% |
| Remuneration and social security454/9 | - | €51,992 | €38,677 | €30,616 | €16,734 | ▼ 45.3% |
| Other amounts payable47/48 | - | €243,730 | €253,165 | €336,841 | €314,007 | ▼ 6.8% |
| Accrued charges and deferred income492/3 | - | €3,000 | €881 | €0 | €7,500 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,438 | -€100,634 | -€67,125 | -€37,336 | €126,162 | ▲ 438% |
| + Depreciation and write-downs630 | €140,507 | €141,065 | €138,557 | €134,938 | €129,805 | ▼ 3.8% |
| Operating cash flow (approximation) | €149,944 | €40,430 | €71,433 | €97,602 | €255,967 | ▲ 162% |
| Investment in fixed assets (approximation) | - | -€11,400 | -€11,400 | -€10,779 | -€8,224 | ▲ 23.7% |
| Change in cash | - | €31,438 | -€17,772 | €10,087 | €15,202 | ▲ 50.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €126,162
Net result €126,162 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 64 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €9,438
Net result €9,438 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Diest · 1 establishment unit since 2019
Ground area
4.9 ha
Building footprint
800 m²
Volume, LiDAR
4,154 m³
Parcel 24120E0133/00G000, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Boshca
since 20192.287.823.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24120E0133/00G000 | Flanders | 4.9 ha | 1 · 800 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDiest2.287.823.786
Dual-learning approval
2 live approvalsMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 1,411 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724889215
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.