BOUBASUD
ActiveBOUBASUD has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-136k) and a net result of €-146k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 796 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-52
Solvency18▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.58 in 2024; short-term debt: 65.2% and cash: 2.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-6.6%
Return on assets
-7.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-136k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
30 d late
2022
31 d late
2021
4 d early
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-146k▼ 130%
2024 · €-63k
2018: €8k
2019: €-60k
2020: €58k
2021: €-4k
2022: €4k
2023: €-165k
2024: €-63k
2018 → 2025
Working capital
€-823k▼ 94.7%
2024 · €-422k
2018: €-319k
2019: €-403k
2020: €-325k
2021: €-384k
2022: €-519k
2023: €-817k
2024: €-422k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€249k-€250k▲ 0.3%€82k▼ 67.3%€15k▼ 81.3%€-136k
Operating result€74k-€79k▲ 6.3%€-117k€29k€-85k
Net result€-4k-€4k€-165k€-63k▲ 61.6%€-146k▼ 130%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €85k after €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.05M
Fixed assets
€1.53M▲ 2.3%
Current assets
€510k▼ 13.8%
Key figures and ratios
EBITDA
€27k▼
2024 · €636k
Cash flow
€-33k▼
2024 · €544k
Solvency
-6.6%▼
2024 · 0.7%
Current ratio
0.38▼
2024 · 0.58
Quick ratio
0.24▼
2024 · 0.43
Debt / equity
-16.06
ROA
-7.1%▼
2024 · -3.0%
Interest coverage
0.41▼
2024 · 6.71
Debt
€2.18M▲
2024 · €2.08M
Debt ≤ 1 year
€1.33M▲
2024 · €1.01M
Debt > 1 year
€848k▼
2024 · €1.06M
Income taxes
€555▼
2024 · €557
Staff costs
€576k▼
2024 · €663k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.09M€2.05M▼
Fixed assets21/28€1.50M€1.53M▲
Intangible fixed assets21€4k-
Tangible fixed assets22/27€1.46M€1.51M▲
Plant, machinery and equipment23€5k€115k▲
Leasing and similar rights25€1.45M€1.35M▼
Other tangible fixed assets26€2k€39k▲
Financial fixed assets28€37k€25k▼
Current assets29/58€592k€510k▼
Stocks and contracts in progress3€152k€196k▲
Stocks30/36€152k€196k▲
Amounts receivable within one year40/41€261k€260k▼
Trade receivables40€247k€219k▼
Other amounts receivable41€15k€41k▲
Cash at bank and in hand54/58€168k€46k▼
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.09M€2.05M▼
Equity10/15€15k€-136k▼
Contributions10/11€19k€19k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-162k€-307k▼
Investment grants15€142k€136k▼
Amounts payable17/49€2.08M€2.18M▲
Amounts payable after more than one year17€1.06M€848k▼
Financial debts170/4€1.06M€848k▼
Amounts payable within one year42/48€1.01M€1.33M▲
Current portion of amounts payable after more than one year42€405k€417k▲
Trade debts44€220k€261k▲
Suppliers440/4€219k€261k▲
Bills of exchange payable441€572-
Taxes, remuneration and social security45€80k€92k▲
Taxes450/3€1k€17k▲
Remuneration and social security454/9€79k€75k▼
Other amounts payable47/48€309k€563k▲
Income statement
Code20242025
Non-recurring operating income76A€709k-
Remuneration, social security and pensions62€663k€576k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€608k€112k▼
Other operating charges640/8€5k€18k▲
Gross operating margin9900€1.30M€621k▼
Operating profit (loss)9901€29k€-85k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Financial charges65/66B€95k€67k▼
Recurring financial charges65€95k€67k▼
Profit (loss) for the period before taxes9903€-63k€-145k▼
Income taxes67/77€557€555▼
Profit (loss) for the period9904€-63k€-146k▼
Profit (loss) for the period to be appropriated9905€-63k€-146k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-162k€-307k▼
Profit (loss) brought forward from the previous period14P€-98k€-162k▼
Social balance
Average headcount (FTE)908713.011.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-165k ▼3977%
Net result drops to €-165k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
31-12
Financial
Equity above €200kEq €256k ▲330%
Equity rises from €60k to €256k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 84 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Herstal · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Alouettes 224041 HerstalGround area
4,115 m²
Building footprint
2,020 m²
Parcel 62071A0222/10_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Boubasud
since 20062.156.520.034
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071A0222/10_000 | Wallonia | 4,115 m² | 1 · 2,020 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteHerstal2.156.520.034
Similar companies · same sector, comparable size
LUSTY FOODS
BE 0791.349.655
Bassenge · Eq €14k
Simply the Best
BE 0733.562.795
Koksijde · Eq €13k
PhiCroBe
BE 0696.967.665
Eghezée · Eq €12k
ONIONSPICE
BE 0479.594.427
Ledegem · Eq €21k
BELSI
BE 0692.685.908
Gent · Eq €25k
Of 90 companies in sector 10391 we hold annual accounts for 43. 17 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2006
Fiscal year end31-12
Activities, NACEBEL
10391Manufacture of food products
10850Manufacture of food products
15331
10730Manufacture of food products
10840Manufacture of food products
15870
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.