BOUBAS ALIMENTATION
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00474070.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 23 filings
Turnover
≈ €350,000
Estimated: probably between €230,000 and €530,000
EBIT margin
Not included in this filing
Net result
€4,473
2024 · -€10,577
Working capital
€13,617
2024 · -€13,642
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€16,266
2025
20182025
Net result
€4,473
2025
middle half of the sector
20182025
Equity
€28,103
▲ 18.9%
2025
middle half of the sector
20182025
Total assets
€49,767
▼ 7.8%
2025
lowest quarter of the sector
20182025
Debt
€21,664
▼ 28.6%
2025
20182025
Working capital
€13,617
2025
middle half of the sector
20182025
Solvency
56.5%
▲ 12.7pp
2025
middle half of the sector
20182025
Current ratio
1.63
▲ 1.08
2025
middle half of the sector
20182025
Return on assets (ROA)
9.0%
▲ 28.6pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€2,535-€19,809▲ 681%€11,314▼ 42.9%€9,591▼ 15.2%€19,138▲ 99.5%€20,831▲ 8.8%-€10,507€16,266
Net result€2,366-€19,733▲ 734%€11,215within the sector's middle half▼ 43.2%€4,949within the sector's middle half▼ 55.9%€19,039within the sector's middle half▲ 285%€10,494within the sector's middle half▼ 44.9%-€10,577below the sector's middle half€4,473within the sector's middle half
Equity-€31,224--€11,491▲ 63.2%-€276below the sector's middle half▲ 97.6%€4,673below the sector's middle half€23,712within the sector's middle half▲ 407%€34,206within the sector's middle half▲ 44.3%€23,629within the sector's middle half▼ 30.9%€28,103within the sector's middle half▲ 18.9%
Total assets€27,994-€26,680▼ 4.7%€85,987below the sector's middle half▲ 222%€21,023below the sector's middle half▼ 75.6%€39,007below the sector's middle half▲ 85.5%€58,433below the sector's middle half▲ 49.8%€53,960below the sector's middle half▼ 7.7%€49,767below the sector's middle half▼ 7.8%
Debt€59,217-€38,171▼ 35.5%€86,263▲ 126%€16,350▼ 81.0%€15,295▼ 6.5%€24,227▲ 58.4%€30,331▲ 25.2%€21,664▼ 28.6%
Working capital-€36,485--€29,712▲ 18.6%-€12,521below the sector's middle half▲ 57.9%-€3,175within the sector's middle half▲ 74.6%-€10,222within the sector's middle half▼ 222%-€16,796below the sector's middle half▼ 64.3%-€13,642below the sector's middle half▲ 18.8%€13,617within the sector's middle half
Solvency-111.5%--43.1%▲ 68.5pp-0.3%below the sector's middle half▲ 42.7pp22.2%within the sector's middle half▲ 22.5pp60.8%within the sector's middle half▲ 38.6pp58.5%within the sector's middle half▼ 2.3pp43.8%within the sector's middle half▼ 14.7pp56.5%within the sector's middle half▲ 12.7pp
Current ratio0.38-0.22▼ 0.160.85below the sector's middle half▲ 0.630.81below the sector's middle half▼ 0.050.33below the sector's middle half▼ 0.470.31below the sector's middle half▼ 0.020.55below the sector's middle half▲ 0.241.63within the sector's middle half▲ 1.08
Return on assets (ROA)8.5%-74.0%▲ 65.5pp13.0%above the sector's middle half▼ 60.9pp23.5%above the sector's middle half▲ 10.5pp48.8%above the sector's middle half▲ 25.3pp18.0%above the sector's middle half▼ 30.9pp-19.6%below the sector's middle half▼ 37.6pp9.0%within the sector's middle half▲ 28.6pp
Staff (FTE)1below the sector's middle half1
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 €16,266, after a loss of €10,507 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,767
Fixed assets
€14,485 ▼ 61.1%
Current assets
€35,281 ▲ 111%
Equity and liabilities €49,767
Equity
€28,103 ▲ 18.9%
Debt
€21,664 ▼ 28.6%
Debt's share of the balance-sheet total falls from 56.2% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,688▲
2024 · €3,224
Cash flow
€12,895▲
2024 · €3,154
Quick ratio
1.53▲
2024 · 0.47
Debt to equity
0.77▼
2024 · 1.28
ROE
15.9%▲
2024 · -44.8%
Interest coverage
over 100▲
2024 · 46.16
Debt ≤ 1 year
€21,664▼
2024 · €30,331
Income taxes
€11,751
Supplier credit
15 days▼
2024 · 17 days
Staff costs
€2,560
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| On a permanent contract | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,851 | €31,962 | €25,960 | - | - |
| Depreciation and write-downs of the year | €7,249 | €5,875 | €11,282 | €13,731 | €8,422 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €383,007 | €365,192 | €402,823 | €496,718 | €510,532 | ▲ 2.8% |
| Remuneration, social security and pensions62 | - | - | - | €7,975 | €24,174 | - | - | €2,560 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €627 | €6,104 | €5,977 | €7,249 | €5,875 | €11,282 | €13,731 | €8,422 | ▼ 38.7% |
| Other operating charges640/8 | - | - | - | €3,071 | €4,761 | €3,146 | €5,711 | €1,949 | ▼ 65.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €921 | - |
| Gross operating margin9900 | €16,830 | €27,529 | €49,082 | €27,886 | €53,948 | €35,259 | €8,935 | €30,117 | ▲ 237% |
| Operating profit (loss)9901 | €2,535 | €19,809 | €11,314 | €9,591 | €19,138 | €20,831 | -€10,507 | €16,266 | - |
| Recurring financial income75 | - | - | €2 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €34 | €98 | €2,300 | €70 | €42 | ▼ 39.6% |
| Recurring financial charges65 | €170 | €76 | - | €34 | €98 | €2,300 | €70 | €42 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €2,366 | €19,733 | €11,316 | €9,557 | €19,039 | €18,531 | -€10,577 | €16,224 | - |
| Income taxes67/77 | - | - | €101 | €4,609 | - | €8,037 | - | €11,751 | - |
| Profit (loss) for the period9904 | €2,366 | €19,733 | €11,215 | €4,949 | €19,039 | €10,494 | -€10,577 | €4,473 | - |
| Profit (loss) for the period to be appropriated9905 | €2,366 | €19,733 | €11,215 | €4,949 | €19,039 | €10,494 | -€10,577 | €4,473 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €27,994 | €26,680 | €85,987 | €21,023 | €39,007 | €58,433 | €53,960 | €49,767 | ▼ 7.8% |
| Fixed assets21/28 | €5,261 | €18,221 | €12,245 | €7,847 | €33,934 | €51,002 | €37,272 | €14,485 | ▼ 61.1% |
| Tangible fixed assets22/27 | €2,526 | €15,487 | €9,510 | €5,112 | €31,199 | €45,877 | €32,147 | €9,361 | ▼ 70.9% |
| Plant, machinery and equipment23 | - | - | - | €2,632 | €2,256 | €1,880 | €1,504 | €1,128 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €2,480 | €28,943 | €43,997 | €30,643 | €8,233 | ▼ 73.1% |
| Financial fixed assets28 | €2,735 | €2,735 | €2,735 | €2,735 | €2,735 | €5,125 | €5,125 | €5,125 | = |
| Current assets29/58 | €22,733 | €8,458 | €73,743 | €13,176 | €5,073 | €7,431 | €16,689 | €35,281 | ▲ 111% |
| Stocks and contracts in progress3 | €20,306 | €6,056 | €6,582 | €5,826 | €1,096 | €1,351 | €2,332 | €2,180 | ▼ 6.5% |
| Stocks30/36 | - | - | - | €5,826 | €1,096 | €1,351 | €2,332 | €2,180 | ▼ 6.5% |
| Amounts receivable within one year40/41 | €301 | - | - | - | €559 | €3,075 | €7,809 | €32,828 | ▲ 320% |
| Trade receivables40 | - | - | - | - | - | - | €5,851 | €1,185 | ▼ 79.8% |
| Other amounts receivable41 | - | - | - | - | €559 | €3,075 | €1,958 | €31,643 | ▲ 16× |
| Cash at bank and in hand54/58 | €2,125 | €2,402 | €67,160 | €7,350 | €3,418 | €3,005 | €6,548 | €273 | ▼ 95.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €27,994 | €26,680 | €85,987 | €21,023 | €39,007 | €58,433 | €53,960 | €49,767 | ▼ 7.8% |
| Equity10/15 | -€31,224 | -€11,491 | -€276 | €4,673 | €23,712 | €34,206 | €23,629 | €28,103 | ▲ 18.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€49,824 | -€30,091 | -€18,876 | -€13,927 | €5,112 | €15,606 | €5,029 | €9,503 | ▲ 88.9% |
| Amounts payable17/49 | €59,217 | €38,171 | €86,263 | €16,350 | €15,295 | €24,227 | €30,331 | €21,664 | ▼ 28.6% |
| Amounts payable within one year42/48 | €59,217 | €38,171 | €86,263 | €16,350 | €15,295 | €24,227 | €30,331 | €21,664 | ▼ 28.6% |
| Trade debts44 | €3,765 | €1,816 | €11,880 | €9,393 | €11,102 | €22,486 | €22,625 | €21,664 | ▼ 4.2% |
| Suppliers440/4 | - | - | - | €9,393 | €11,102 | €22,486 | €22,625 | €21,664 | ▼ 4.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,767 | €1,991 | €1,201 | €1,314 | - | - |
| Taxes450/3 | - | - | - | €2,456 | €1,991 | €1,201 | €1,314 | - | - |
| Remuneration and social security454/9 | - | - | - | €1,312 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €3,190 | €2,202 | €540 | €6,393 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,366 | €19,733 | €11,215 | €4,949 | €19,039 | €10,494 | -€10,577 | €4,473 | - |
| + Depreciation and write-downs630 | €627 | €6,104 | €5,977 | €7,249 | €5,875 | €11,282 | €13,731 | €8,422 | ▼ 38.7% |
| Operating cash flow (approximation) | €2,993 | €25,837 | €17,192 | €12,197 | €24,914 | €21,776 | €3,154 | €12,895 | ▲ 309% |
| Investment in fixed assets (approximation) | - | -€19,064 | €0 | -€2,851 | -€31,962 | -€28,350 | €0 | €14,364 | - |
| Change in cash | - | €277 | €64,758 | -€59,811 | -€3,932 | -€413 | €3,543 | -€6,275 | - |
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, 31,368 companies had the same profile as BOUBAS ALIMENTATION has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BOUBAS ALIMENTATION itself: 0.4% 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 31,368 companies, not a prediction for BOUBAS ALIMENTATION. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00474070 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00483432 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00449077 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00437872 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20515575 | |
| 31-12-2020 | full format | 30-08-2021 | 2021-59900365 | |
| 31-12-2019 | full format | 30-10-2020 | 2020-66600227 | |
| 31-12-2018 | full format | 09-08-2019 | 2019-45300383 | |
| 31-12-2017 | full format | 25-09-2018 | 2018-65600243 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-51500030 |