Bosq
ActiveSummary
Bosq has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €818,495 and a net result of -€107,325. Equity is shrinking by ~17% per year across the filed fiscal years. Its solvency ranks better than 28% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-5
Solvency51▼-1
Growth29=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.58 in 2024; short-term debt: 52.2% and cash: 1.7% of total assets), but 74.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€107,325
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
76 d late
2023
2 d early
2022
17 d early
2021
13 d early
2020
17 d early
2019
8 d early
← 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 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€4.4m▼ 2.3%
2024 · €4.5m
EBIT margin
-2.1%▼ 1.3pp
2024 · -0.8%
Net result
-€107,325▼ 17.4%
2024 · -€91,438
Working capital
€845,043▼ 21.4%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4.1m▼ 11.5%€4.8m▲ 16.0%€4.5m▼ 5.1%€4.5m▼ 0.3%€4.4m▼ 2.3%
Operating result-€94,297▲ 45.2%€200,785-€20,047-€36,637▼ 82.8%-€91,781▼ 151%
Net result-€134,556below the sector's middle half▲ 53.8%€157,687within the sector's middle half-€53,134below the sector's middle half-€91,438below the sector's middle half▼ 72.1%-€107,325below the sector's middle half▼ 17.4%
EBIT margin-2.3%▲ 1.4pp4.2%▲ 6.5pp-0.4%▼ 4.6pp-0.8%▼ 0.4pp-2.1%▼ 1.3pp
Equity€912,705within the sector's middle half▼ 64.2%€1.1mwithin the sector's middle half▲ 17.3%€1.0mwithin the sector's middle half▼ 5.0%€925,820within the sector's middle half▼ 9.0%€818,495within the sector's middle half▼ 11.6%
Total assets€3.7mwithin the sector's middle half▼ 26.5%€3.6mwithin the sector's middle half▼ 1.0%€3.4mwithin the sector's middle half▼ 5.6%€3.5mwithin the sector's middle half▲ 1.0%€3.2mwithin the sector's middle half▼ 8.5%
Debt€2.8m▲ 12.9%€2.6m▼ 7.1%€2.4m▼ 5.8%€2.5m▲ 5.3%€2.3m▼ 7.4%
Working capital€894,239▼ 65.0%€1.3m▲ 46.0%€1.2m▼ 9.8%€1.1m▼ 8.6%€845,043▼ 21.4%
Solvency24.9%within the sector's middle half▼ 26.2pp29.5%within the sector's middle half▲ 4.6pp29.7%within the sector's middle half▲ 0.2pp26.8%within the sector's middle half▼ 3.0pp25.9%within the sector's middle half▼ 0.9pp
Staff (FTE)17.4within the sector's middle half▼ 39.8%17.7within the sector's middle half▲ 1.7%15.2within the sector's middle half▼ 14.1%15.8within the sector's middle half▲ 3.9%16.4within the sector's middle half▲ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €91,781 in 2025 against €36,637 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€667,270 ▲ 29.6%
Current assets
€2.5m ▼ 15.2%
Equity and liabilities €3.2m
Equity
€818,495 ▼ 11.6%
Debt
€2.3m ▼ 7.4%
Debt's share of the balance-sheet total rises from 73.2% to 74.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,810▼
2024 · €24,359
Cash flow
-€42,355▼
2024 · -€30,442
Current ratio
1.51▼
2024 · 1.58
Quick ratio
0.46▼
2024 · 0.65
Debt to equity
2.87▲
2024 · 2.74
ROE
-13.1%▼
2024 · -9.9%
ROA
-3.4%▼
2024 · -2.6%
Interest coverage
-0.94▼
2024 · 0.60
Debt ≤ 1 year
€1.7m▼
2024 · €1.9m
Debt > 1 year
€693,818▲
2024 · €664,079
Income taxes
€1,157▲
2024 · €647
Staff costs
€1.1m▲
2024 · €952,190
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 2,501 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.2m | €4.8m | €4.6m | €4.5m | €4.5m | ▼ 0.7% |
| Turnover70 | €4.1m | €4.8m | €4.5m | €4.5m | €4.4m | ▼ 2.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €13,348 | €10,150 | -€19,484 | -€50,075 | €36,440 | ▲ 173% |
| Other operating income74 | €53,537 | €42,231 | €33,627 | €35,954 | €23,307 | ▼ 35.2% |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Operating charges60/66A | €4.3m | €4.6m | €4.6m | €4.5m | €4.6m | ▲ 0.5% |
| Goods for resale, raw materials and consumables60 | €2.6m | €2.9m | €2.9m | €2.7m | €2.8m | ▲ 4.3% |
| Purchases600/8 | €2.8m | €2.8m | €3.0m | €2.7m | €2.8m | ▲ 2.9% |
| Change in stocks: decrease (increase)609 | -€269,934 | €25,553 | -€181,011 | €1,083 | €38,350 | ▲ 3,441% |
| Services and other goods61 | €753,843 | €617,839 | €632,655 | €782,807 | €600,964 | ▼ 23.2% |
| Remuneration, social security and pensions62 | €826,151 | €999,033 | €980,698 | €952,190 | €1.1m | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,670 | €91,676 | €64,779 | €60,996 | €64,970 | ▲ 6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,675 | €7,318 | -€5,822 | €0 | - | - |
| Other operating charges640/8 | €39,296 | €49,131 | €40,265 | €41,611 | €13,719 | ▼ 67.0% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Operating profit (loss)9901 | -€94,297 | €200,785 | -€20,047 | -€36,637 | -€91,781 | ▼ 151% |
| Financial income75/76B | €374 | €3,889 | €16,336 | €9,521 | €37,690 | ▲ 296% |
| Recurring financial income75 | €374 | €3,889 | €16,336 | €9,521 | €37,690 | ▲ 296% |
| Income from current assets751 | €0 | €1,393 | €2,586 | €1,621 | €412 | ▼ 74.6% |
| Other financial income752/9 | €374 | €2,496 | €13,750 | €7,899 | €37,278 | ▲ 372% |
| Financial charges65/66B | €40,334 | €46,303 | €48,789 | €63,674 | €52,078 | ▼ 18.2% |
| Recurring financial charges65 | €40,334 | €46,303 | €48,789 | €63,674 | €52,078 | ▼ 18.2% |
| Debt charges650 | €27,355 | €30,696 | €36,944 | €40,360 | €28,553 | ▼ 29.3% |
| Other financial charges652/9 | €12,979 | €15,607 | €11,845 | €23,314 | €23,525 | ▲ 0.9% |
| Profit (loss) for the period before taxes9903 | -€134,257 | €158,372 | -€52,500 | -€90,791 | -€106,168 | ▼ 16.9% |
| Income taxes67/77 | €300 | €685 | €633 | €647 | €1,157 | ▲ 78.8% |
| Taxes670/3 | €300 | €685 | €633 | €647 | €1,157 | ▲ 78.8% |
| Profit (loss) for the period9904 | -€134,556 | €157,687 | -€53,134 | -€91,438 | -€107,325 | ▼ 17.4% |
| Profit (loss) for the period to be appropriated9905 | -€134,556 | €157,687 | -€53,134 | -€91,438 | -€107,325 | ▼ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.6m | €3.4m | €3.5m | €3.2m | ▼ 8.5% |
| Fixed assets21/28 | €727,680 | €637,036 | €574,281 | €514,731 | €667,270 | ▲ 29.6% |
| Intangible fixed assets21 | €31,584 | €3,225 | €742 | €438 | €4,522 | ▲ 932% |
| Tangible fixed assets22/27 | €693,991 | €631,707 | €571,433 | €512,188 | €660,644 | ▲ 29.0% |
| Plant, machinery and equipment23 | €307,466 | €302,231 | €297,704 | €293,178 | €293,302 | = |
| Furniture and vehicles24 | €12,778 | €8,839 | €6,202 | €4,593 | €2,322 | ▼ 49.4% |
| Leasing and similar rights25 | €366,542 | €314,342 | €262,142 | €209,942 | €361,455 | ▲ 72.2% |
| Other tangible fixed assets26 | €7,206 | €6,296 | €5,386 | €4,475 | €3,565 | ▼ 20.3% |
| Financial fixed assets28 | €2,105 | €2,105 | €2,105 | €2,105 | €2,105 | = |
| Other financial fixed assets284/8 | €2,105 | €2,105 | €2,105 | €2,105 | €2,105 | = |
| Amounts receivable and cash guarantees285/8 | €2,105 | €2,105 | €2,105 | €2,105 | €2,105 | = |
| Current assets29/58 | €2.9m | €3.0m | €2.9m | €2.9m | €2.5m | ▼ 15.2% |
| Stocks and contracts in progress3 | €1.6m | €1.6m | €1.8m | €1.7m | €1.7m | ▼ 0.1% |
| Stocks30/36 | €1.5m | €1.5m | €1.7m | €1.7m | €1.6m | ▼ 2.3% |
| Goods purchased for resale34 | €1.5m | €1.5m | €1.7m | €1.7m | €1.6m | ▼ 2.3% |
| Contracts in progress37 | €135,380 | €145,530 | €126,046 | €75,971 | €112,411 | ▲ 48.0% |
| Amounts receivable within one year40/41 | €1.3m | €1.2m | €1.0m | €1.2m | €707,482 | ▼ 38.5% |
| Trade receivables40 | €1.2m | €1.2m | €1.0m | €1.1m | €697,253 | ▼ 38.9% |
| Other amounts receivable41 | €44,835 | €8,754 | €9,134 | €9,169 | €10,229 | ▲ 11.6% |
| Cash at bank and in hand54/58 | €19,947 | €116,364 | €36,730 | €59,509 | €55,136 | ▼ 7.3% |
| Deferred charges and accrued income490/1 | €11,761 | €1,785 | €2,972 | €1,500 | €3,768 | ▲ 151% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.6m | €3.4m | €3.5m | €3.2m | ▼ 8.5% |
| Equity10/15 | €912,705 | €1.1m | €1.0m | €925,820 | €818,495 | ▼ 11.6% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €5,344 | €5,344 | €5,344 | €5,344 | €5,344 | = |
| Non-distributable reserves130/1 | €5,344 | €5,344 | €5,344 | €5,344 | €5,344 | = |
| Reserves not available under the articles1311 | €5,344 | €5,344 | €5,344 | €5,344 | €5,344 | = |
| Profit (loss) carried forward14 | -€627,379 | -€469,692 | -€522,826 | -€614,264 | -€721,589 | ▼ 17.5% |
| Amounts payable17/49 | €2.8m | €2.6m | €2.4m | €2.5m | €2.3m | ▼ 7.4% |
| Amounts payable after more than one year17 | €708,834 | €871,974 | €734,029 | €664,079 | €693,818 | ▲ 4.5% |
| Financial debts170/4 | €430,057 | €448,842 | €734,029 | €537,412 | €653,817 | ▲ 21.7% |
| Leasing and similar obligations172 | €130,057 | €58,842 | €47,055 | €34,834 | €161,826 | ▲ 365% |
| Credit institutions173 | €300,000 | €390,000 | €300,000 | €300,000 | €300,000 | = |
| Other loans174 | - | - | €386,973 | €202,578 | €191,992 | ▼ 5.2% |
| Other amounts payable178/9 | €278,777 | €423,132 | - | €126,667 | €40,001 | ▼ 68.4% |
| Amounts payable within one year42/48 | €2.0m | €1.7m | €1.7m | €1.9m | €1.7m | ▼ 11.6% |
| Current portion of amounts payable after more than one year42 | €123,536 | €126,860 | €40,379 | €22,600 | €55,246 | ▲ 144% |
| Financial debts43 | €325,098 | €353,471 | €261,674 | €224,185 | €291,007 | ▲ 29.8% |
| Credit institutions430/8 | €325,098 | €353,471 | €261,674 | €224,185 | €291,007 | ▲ 29.8% |
| Trade debts44 | €1.3m | €865,796 | €1.1m | €873,654 | €456,164 | ▼ 47.8% |
| Suppliers440/4 | €1.3m | €865,796 | €1.1m | €873,654 | €456,164 | ▼ 47.8% |
| Taxes, remuneration and social security45 | €183,011 | €258,209 | €177,798 | €153,619 | €128,658 | ▼ 16.2% |
| Taxes450/3 | €81,539 | €128,156 | €64,535 | €37,000 | €41,279 | ▲ 11.6% |
| Remuneration and social security454/9 | €101,473 | €130,053 | €113,262 | €116,619 | €87,379 | ▼ 25.1% |
| Other amounts payable47/48 | €79,951 | €79,951 | €77,473 | €596,150 | €722,113 | ▲ 21.1% |
| Accrued charges and deferred income492/3 | €379 | €0 | - | €264 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€134,556 | €157,687 | -€53,134 | -€91,438 | -€107,325 | ▼ 17.4% |
| + Depreciation and write-downs630 | €88,670 | €91,676 | €64,779 | €60,996 | €64,970 | ▲ 6.5% |
| Operating cash flow (approximation) | -€45,886 | €249,363 | €11,646 | -€30,442 | -€42,355 | ▼ 39.1% |
| Investment in fixed assets (approximation) | - | -€1,033 | -€2,024 | -€1,446 | -€217,510 | ▼ 14,939% |
| Change in cash | - | €96,416 | -€79,634 | €22,779 | -€4,373 | ▼ 119% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €157,687
Net result €157,687 after 3 loss-making years.
31-12
Financial
Equity above €1mEq €1.1m ▲17.3%
Equity rises from €912,705 to €1.1m.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€291,182
Net result drops to -€291,182, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Mechelen · 1 establishment unit since 2007
Ground area
4.0 ha
Building footprint
3.6 ha
Parcel 12402A0019/00M000, Flanders. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
BOSQ / LWT
since 20072.163.477.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0019/00M000 | Flanders | 4.0 ha | 1 · 3.6 ha | - |
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.
Structure & network
Owners and holdings
2 ownersChain of control
Highest known parent: INDESA. The sources do not say who stands above it.
Owners 2
- BULOparent96%
- Dirk Busschopnatural personSourceown accounts 20254%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Bosq and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 193 EUR awarded · 193 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 193 EUR | 193 EUR |
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Of 855 companies in sector 46832 we hold annual accounts for 588. 442 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-1988
Fiscal year end31-12
Activities, NACEBEL 2025
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
46832Wholesale of timber
Contact
Website
www.bosq.be
E-mail
lovewood@bosq.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434645221
Also
9925:BE0434645221
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.