BOUDIE
ActiveSummary
The computed 12-month bankruptcy probability of BOUDIE is 1.8% (moderate). The 2024 annual accounts show negative equity (-€28,413) and a net result of €8,120. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 26040 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability57▲+49
Solvency6▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.69 in 2023; short-term debt: 115.5% and cash: 1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-19.5%
Return on assets
5.6%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 26040 sector peers (2024).
NBB · sector comparisonPosition among 26040 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
1 d late
2022
20 d early
2021
95 d late
2020
72 d late
2019
97 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 61 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€28,413▲ 22.2%
2023 · -€36,533
Total assets
€145,774▲ 101%
2023 · €72,635
Net result
€8,120
2023 · -€6,975
Working capital
-€27,683▲ 5.8%
2023 · -€29,382
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line20202021202220232024
Operating result-€16,561€36,559€22,752▼ 37.8%-€1,148€11,715
Net result-€20,510below the sector's middle half-€38,253below the sector's middle half▼ 86.5%€18,833within the sector's middle half-€6,975below the sector's middle half€8,120within the sector's middle half
Equity-€10,138below the sector's middle half-€48,390below the sector's middle half▼ 377%-€29,558below the sector's middle half▲ 38.9%-€36,533below the sector's middle half▼ 23.6%-€28,413below the sector's middle half▲ 22.2%
Total assets€456,624above the sector's middle half▲ 65.8%€401,610above the sector's middle half▼ 12.0%€409,084above the sector's middle half▲ 1.9%€72,635within the sector's middle half▼ 82.2%€145,774within the sector's middle half▲ 101%
Debt€466,762▲ 76.1%€450,000▼ 3.6%€438,642▼ 2.5%€109,168▼ 75.1%€174,186▲ 59.6%
Working capital-€13,401-€58,993▼ 340%-€38,326▲ 35.0%-€29,382▲ 23.3%-€27,683▲ 5.8%
Solvency-2.2%below the sector's middle half▼ 6.0pp-12.0%below the sector's middle half▼ 9.8pp-7.2%below the sector's middle half▲ 4.8pp-50.3%below the sector's middle half▼ 43.1pp-19.5%below the sector's middle half▲ 30.8pp
Staff (FTE)2.5within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11,715 after a loss of €1,148 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €145,774
Fixed assets
€5,098 ▼ 26.5%
Current assets
€140,675 ▲ 114%
Key figures and ratios
EBITDA
€13,550▲
2023 · €686
Cash flow
€9,955▲
2023 · -€5,140
Current ratio
0.84▲
2023 · 0.69
Quick ratio
0.31▼
2023 · 0.38
Debt to equity
-6.13▼
2023 · -2.99
ROA
5.6%▲
2023 · -9.6%
Interest coverage
3.77▲
2023 · 0.12
Debt ≤ 1 year
€168,359▲
2023 · €95,084
Debt > 1 year
€5,828▼
2023 · €14,084
Staff costs
€66,241▲
2023 · €64,831
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 3,639 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €60,356 | €59,563 | €64,831 | €66,241 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,835 | €1,835 | €1,835 | €1,835 | = |
| Other operating charges640/8 | - | €8,589 | - | - | - | - |
| Gross operating margin9900 | €35,856 | €107,339 | €84,150 | €65,517 | €79,790 | ▲ 21.8% |
| Operating profit (loss)9901 | -€16,561 | €36,559 | €22,752 | -€1,148 | €11,715 | ▲ 1,120% |
| Financial charges65/66B | - | €74,812 | €3,920 | €5,826 | €3,595 | ▼ 38.3% |
| Recurring financial charges65 | €3,948 | €4,012 | €3,920 | €5,826 | €3,595 | ▼ 38.3% |
| Non-recurring financial charges66B | - | €70,800 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€20,510 | -€38,253 | €18,833 | -€6,975 | €8,120 | ▲ 216% |
| Profit (loss) for the period9904 | -€20,510 | -€38,253 | €18,833 | -€6,975 | €8,120 | ▲ 216% |
| Profit (loss) for the period to be appropriated9905 | -€20,510 | -€38,253 | €18,833 | -€6,975 | €8,120 | ▲ 216% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €456,624 | €401,610 | €409,084 | €72,635 | €145,774 | ▲ 101% |
| Fixed assets21/28 | €3,264 | €10,603 | €8,768 | €6,933 | €5,098 | ▼ 26.5% |
| Tangible fixed assets22/27 | - | €7,339 | €5,504 | €3,669 | €1,835 | ▼ 50.0% |
| Furniture and vehicles24 | - | €7,339 | €5,504 | €3,669 | €1,835 | ▼ 50.0% |
| Financial fixed assets28 | €3,264 | €3,264 | €3,264 | €3,264 | €3,264 | = |
| Current assets29/58 | €453,360 | €391,007 | €400,317 | €65,702 | €140,675 | ▲ 114% |
| Stocks and contracts in progress3 | €117,510 | €86,940 | €80,960 | €29,460 | €89,310 | ▲ 203% |
| Stocks30/36 | - | €86,940 | €80,960 | €29,460 | €89,310 | ▲ 203% |
| Amounts receivable within one year40/41 | €328,649 | €303,693 | €309,925 | €26,811 | €44,238 | ▲ 65.0% |
| Trade receivables40 | - | €297,725 | €297,725 | €23,566 | €44,238 | ▲ 87.7% |
| Other amounts receivable41 | - | €5,968 | €12,200 | €3,244 | - | - |
| Cash at bank and in hand54/58 | €7,201 | €374 | €6,459 | €6,459 | €1,459 | ▼ 77.4% |
| Deferred charges and accrued income490/1 | - | - | €2,971 | €2,971 | €5,667 | ▲ 90.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €456,624 | €401,610 | €409,084 | €72,635 | €145,774 | ▲ 101% |
| Equity10/15 | -€10,138 | -€48,390 | -€29,558 | -€36,533 | -€28,413 | ▲ 22.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,940 | €2,940 | €2,940 | €2,940 | €2,940 | = |
| Non-distributable reserves130/1 | - | €2,940 | €2,940 | €2,940 | €2,940 | = |
| Reserves not available under the articles1311 | - | €2,940 | €2,940 | €2,940 | €2,940 | = |
| Profit (loss) carried forward14 | -€25,478 | -€63,731 | -€44,898 | -€51,873 | -€43,753 | ▲ 15.7% |
| Amounts payable17/49 | €466,762 | €450,000 | €438,642 | €109,168 | €174,186 | ▲ 59.6% |
| Amounts payable after more than one year17 | - | - | - | €14,084 | €5,828 | ▼ 58.6% |
| Financial debts170/4 | - | - | - | €14,084 | €5,828 | ▼ 58.6% |
| Amounts payable within one year42/48 | €466,762 | €450,000 | €438,642 | €95,084 | €168,359 | ▲ 77.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,728 | €7,971 | ▲ 3.1% |
| Financial debts43 | - | €25,458 | €23,193 | €10,095 | €2,851 | ▼ 71.8% |
| Credit institutions430/8 | - | €25,458 | €23,193 | €10,095 | €2,851 | ▼ 71.8% |
| Trade debts44 | €417,479 | €402,173 | €396,496 | €26,048 | €118,631 | ▲ 355% |
| Suppliers440/4 | - | €402,173 | €396,496 | €26,048 | €118,631 | ▲ 355% |
| Taxes, remuneration and social security45 | - | €22,370 | €18,954 | €43,984 | €18,601 | ▼ 57.7% |
| Taxes450/3 | - | €11,050 | €16,948 | €38,086 | €15,042 | ▼ 60.5% |
| Remuneration and social security454/9 | - | €11,320 | €2,006 | €5,897 | €3,559 | ▼ 39.7% |
| Other amounts payable47/48 | - | - | - | €7,230 | €20,304 | ▲ 181% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,510 | -€38,253 | €18,833 | -€6,975 | €8,120 | ▲ 216% |
| + Depreciation and write-downs630 | - | €1,835 | €1,835 | €1,835 | €1,835 | = |
| Operating cash flow (approximation) | -€20,510 | -€36,418 | €20,667 | -€5,140 | €9,955 | ▲ 294% |
| Investment in fixed assets (approximation) | - | -€9,174 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,827 | €6,086 | €0 | -€5,000 | - |
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
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
31-12
Financial
Back to profitnet €8,120
Net result €8,120 after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18,833
Net result €18,833 after 2 loss-making years.
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
31-12
Financial
Weakest financial yearnet -€38,253
Net result drops to -€38,253, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
31-12
Financial
Back to profitnet €11,875
Net result €11,875 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2008
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.
Guldenvliesgalerij 3891050 Elsene1 establishment unit
Guldenvliesgalerij 389, 1050 Elsene
since 20082.172.830.484
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Of 2,075 companies in sector 47750 we hold annual accounts for 517. 349 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
Founded01-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
46450Wholesale of perfume and cosmetics
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806061981
Also
9925:BE0806061981
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.