BOUCHARD

Active

Public limited companyfounded 198739 yrs activeSkaldenstraat 11, 9042 Gent, BelgiumKBO/BCE: BE 0431.239.432

BOUCHARD has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.05M and a net result of €1.23M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

68 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability73▼-3

Solvency71▲+14

Growth75▼-7

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €340k at 30 days acceptable

Liquidity ample (current ratio 1.52 against 1.54 in 2023; short-term debt: 50.3% and cash: 6.1% of total assets), but 54% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

46%

Return on assets

11.2%

Age of the figures

21 mo

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €5.05M

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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 filings

Deviation from the deadline

2025

not confirmed

2024

43 d late

2023

90 d late

2022

11 d late

2021

31 d late

2020

2 d late

2019

14 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€20.11M▼ 14.0%

2023 · €23.38M

2018: €10.52M 2019: €10.23M 2020: €9.59M 2021: €11.85M 2022: €14.89M 2023: €23.38M

2018 → 2024

EBIT margin

6.4%▼ 1.9pp

2023 · 8.3%

2018: -15.8% 2019: -5.8% 2020: 5.4% 2021: 10.7% 2022: 7.6% 2023: 8.3%

2018 → 2024

Net result

€1.23M▼ 22.7%

2023 · €1.59M

2018: €-1.72M 2019: €-714k 2020: €405k 2021: €1.22M 2022: €1.01M 2023: €1.59M

2018 → 2024

Working capital

€2.88M▼ 17.0%

2023 · €3.47M

2018: €-1.17M 2019: €-1.09M 2020: €-587k 2021: €798k 2022: €2.03M 2023: €3.47M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€9.59M-€11.85M▲ 23.5%€14.89M▲ 25.7%€23.38M▲ 57.0%€20.11M▼ 14.0%

Equity€5k-€1.22M▲ 26,392%€2.23M▲ 82.3%€3.82M▲ 71.1%€5.05M▲ 32.1%

Operating result€518k-€1.27M▲ 145%€1.13M▼ 10.6%€1.95M▲ 72.1%€1.29M▼ 33.5%

Net result€405k-€1.22M▲ 202%€1.01M▼ 17.4%€1.59M▲ 57.6%€1.23M▼ 22.7%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 34% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €10.98M

23.5%

76.5%

Fixed assets €2.58M▲ 24.3%

Current assets €8.40M▼ 14.8%

Equity and liabilities €10.98M

46.0%

54.0%

Equity €5.05M▲ 32.1%

Provisions €9k▼ 99.1%

Debt €5.93M▼ 16.6%

The debt ratio falls from 59.5% to 54.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.67M▼

2023 · €2.20M

Cash flow

€1.60M▼

2023 · €1.84M

Solvency

46.0%▲

2023 · 32.0%

Current ratio

1.52▼

2023 · 1.54

Quick ratio

0.95▼

2023 · 1.14

Debt / equity

1.17▼

2023 · 1.86

ROE

24.3%▼

2023 · 41.6%

ROA

11.2%▼

2023 · 13.3%

Interest coverage

28.67▼

2023 · 33.96

Debt

€5.93M▼

2023 · €7.11M

Debt ≤ 1 year

€5.52M▼

2023 · €6.39M

Debt > 1 year

€330k▼

2023 · €611k

Income taxes

€125k▲

2023 · €68k

Staff costs

€2.80M▲

2023 · €2.36M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€11.94M€10.98M▼

Fixed assets21/28€2.08M€2.58M▲

Intangible fixed assets21€6k€4k▼

Tangible fixed assets22/27€2.01M€2.52M▲

Land and buildings22€134k€188k▲

Plant, machinery and equipment23€849k€1.36M▲

Furniture and vehicles24€38k€63k▲

Leasing and similar rights25-€523k

Assets under construction and advance payments27€988k€386k▼

Financial fixed assets28€62k€62k▼

Other financial fixed assets284/8€62k€62k▼

Amounts receivable and cash guarantees285/8€62k€62k▼

Current assets29/58€9.86M€8.40M▼

Stocks and contracts in progress3€2.57M€3.15M▲

Stocks30/36€2.57M€3.15M▲

Raw materials and consumables30/31€885k€748k▼

Work in progress32€335k€616k▲

Finished goods33€1.31M€349k▼

Goods purchased for resale34€41k€1.44M▲

Amounts receivable within one year40/41€6.51M€3.88M▼

Trade receivables40€6.33M€3.57M▼

Other amounts receivable41€175k€302k▲

Current investments50/53-€589k

Other investments51/53-€589k

Cash at bank and in hand54/58€587k€670k▲

Deferred charges and accrued income490/1€191k€111k▼

Equity and liabilities

Total equity and liabilities10/49€11.94M€10.98M▼

Equity10/15€3.82M€5.05M▲

Contributions10/11€1.00M€1.00M=

Capital10€1.00M€1.00M=

Issued capital100€1.00M€1.00M=

Reserves13€433k€433k=

Non-distributable reserves130/1€186k€186k=

Legal reserve130€186k€186k=

Distributable reserves133€247k€247k=

Profit (loss) carried forward14€2.39M€3.62M▲

Provisions and deferred taxes16€1.01M€9k▼

Provisions for liabilities and charges160/5€1.01M€9k▼

Pensions and similar obligations160€9k€9k=

Other liabilities and charges164/5€1.00M€0▼

Amounts payable17/49€7.11M€5.93M▼

Amounts payable after more than one year17€611k€330k▼

Financial debts170/4€611k€330k▼

Leasing and similar obligations172€611k€330k▼

Amounts payable within one year42/48€6.39M€5.52M▼

Current portion of amounts payable after more than one year42€112k€106k▼

Financial debts43€385k€0▼

Credit institutions430/8€385k€0▼

Trade debts44€5.27M€5.07M▼

Suppliers440/4€5.27M€5.07M▼

Taxes, remuneration and social security45€619k€347k▼

Taxes450/3€347k€102k▼

Remuneration and social security454/9€272k€246k▼

Other amounts payable47/48€0-

Accrued charges and deferred income492/3€108k€74k▼

Income statement Code20232024

Operating income70/76A€24.80M€20.37M▼

Turnover70€23.38M€20.11M▼

Change in stocks of work in progress, finished goods and contracts in progress71€1.24M€-94k▼

Other operating income74€163k€228k▲

Non-recurring operating income76A€19k€124k▲

Operating charges60/66A€22.86M€19.07M▼

Goods for resale, raw materials and consumables60€13.48M€10.81M▼

Purchases600/8€13.40M€11.59M▼

Change in stocks: decrease (increase)609€80k€-775k▼

Services and other goods61€5.57M€5.45M▼

Remuneration, social security and pensions62€2.36M€2.80M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251k€371k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€27k€98k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€500k€-1.00M▼

Other operating charges640/8€414k€536k▲

Non-recurring operating charges66A€250k€38▼

Operating profit (loss)9901€1.95M€1.29M▼

Financial income75/76B€67k€275k▲

Recurring financial income75€67k€275k▲

Income from current assets751-€23k

Other financial income752/9€67k€252k▲

Financial charges65/66B€359k€218k▼

Recurring financial charges65€359k€218k▼

Debt charges650€65k€58k▼

Other financial charges652/9€294k€160k▼

Non-recurring financial charges66B€0-

Profit (loss) for the period before taxes9903€1.66M€1.35M▼

Income taxes67/77€68k€125k▲

Taxes670/3€68k€125k▲

Profit (loss) for the period9904€1.59M€1.23M▼

Profit (loss) for the period to be appropriated9905€1.59M€1.23M▼

Appropriation of the result

Profit (loss) to be appropriated9906€2.39M€3.62M▲

Profit (loss) brought forward from the previous period14P€799k€2.39M▲

Social balance

Average headcount (FTE)908737.442.5▲

The notes to these accounts (129 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

12-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 43 days late

2024

31-12

Financial Equity above €5MEq €5.05M ▲32.1%

5 profitable years in a row build equity to €5.05M.

29-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 90 days late

2023

31-12

Financial Highest result since 2018net €1.59M ▲57.6%

Operating result €1.95M, net result €1.59M, both a record.

11-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 11 days late

2022

31-12

Financial Equity above €2MEq €2.23M ▲82.3%

3 profitable years in a row build equity to €2.23M.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 31 days late

2021

31-12

Financial Equity above €1MEq €1.22M ▲26392%

2 profitable years in a row build equity to €1.22M.

02-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 2 days late

2020

31-12

Financial Back to profitnet €405k

Net result €405k after 2 loss-making years.

17-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

08-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 8 days late

2018

10-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 41 days late

2017

04-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

21-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

29 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, Gent · 1 establishment unit since 1995

establishment The establishment unit on the map

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.

Skaldenstraat 119042 Gent

Ground area

1.5 ha

Building footprint

5,013 m²

Volume, LiDAR

31,884 m³