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BOUDRY PASCAL

Active
Private limited companyfounded 200124 years activeRue d'Autreppe(AUT) 6, 7387 Honnelles, BelgiumKBO/BCE: BE 0476.282.173
Summary

BOUDRY PASCAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,722 and a net result of €69,146. Equity remains stable across the filed fiscal years (±2.1% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€453,722▼ 58.3%
2024 · €1.1m
Total assets
€540,807▼ 54.5%
2024 · €1.2m
Net result
€69,146▲ 278%
2024 · €18,312
Working capital
€286,339▼ 68.9%
2024 · €921,474
Trend over the years

2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years

The operating result recovers in 2025; 2025 is 550% above 2024.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€0.08m 2025 Net result€0.07m 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.004m-€0.002m▼ 31.9%€0.04m▲ 1,498%€0.05m▲ 21.2%€0.1m▲ 104%€0.04m▼ 62.6%€0.01m▼ 67.8%€0.08m▲ 550%
Net result-€0.003m-€0.7m€0.02m▼ 96.5%€0.03m▲ 23.7%€0.07m▲ 126%€0.03m▼ 55.4%€0.02m▼ 40.6%€0.07m▲ 278%
Equity€0.3m-€1.0m▲ 190%€1.0m▼ 1.7%€1.0m▲ 1.6%€1.0m▲ 5.3%€1.1m▲ 2.2%€1.1m▲ 1.7%€0.5m▼ 58.3%
Total assets€0.4m-€1.2m▲ 166%€1.1m▼ 3.3%€1.1m▼ 5.6%€1.2m▲ 15.5%€1.2m▼ 1.9%€1.2m▼ 0.9%€0.5m▼ 54.5%
Debt€0.09m-€0.2m▲ 75.5%€0.1m▼ 12.7%€0.07m▼ 54.2%€0.2m▲ 170%€0.1m▼ 26.0%€0.1m▼ 22.4%€0.09m▼ 14.4%
Working capital€0.1m-€0.8m▲ 597%€0.8m▼ 2.5%€0.8m▼ 0.5%€0.9m▲ 9.0%€0.9m▲ 2.5%€0.9m▲ 2.0%€0.3m▼ 68.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €540,807
Fixed assets €196,380 ▼ 13.9%
Current assets €344,427 ▼ 64.2%
Equity and liabilities €540,807
Equity €453,722 ▼ 58.3%
Debt €87,085 ▼ 14.4%
Debt's share of the balance-sheet total rises from 8.6% to 16.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€108,774▲
2024 · €43,686
Cash flow
€100,733▲
2024 · €50,123
Current ratio
5.93▼
2024 · 23.94
Debt to equity
0.19▲
2024 · 0.09
ROE
15.2%▲
2024 · 1.7%
ROA
12.8%▲
2024 · 1.5%
Interest coverage
85.56▲
2024 · 24.02
Debt ≤ 1 year
€58,088▲
2024 · €40,173
Debt > 1 year
€28,997▼
2024 · €61,545
Income taxes
€30,947▲
2024 · €10,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 20,139 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€0.5m▼
Fixed assets21/28€0.2m€0.2m▼
Tangible fixed assets22/27€0.2m€0.2m▼
Land and buildings22€0.1m€0.1m=
Plant, machinery and equipment23€0.01m€0.01m▼
Furniture and vehicles24€0.07m€0.04m▼
Other tangible fixed assets26€0.01m€0.01m=
Current assets29/58€1.0m€0.3m▼
Amounts receivable within one year40/41€0.006m€0.005m▼
Other amounts receivable41€0.006m€0.005m▼
Current investments50/53€0.8m€0.2m▼
Cash at bank and in hand54/58€0.09m€0.04m▼
Deferred charges and accrued income490/1€0.05m€0.1m▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€0.5m▼
Equity10/15€1.1m€0.5m▼
Contributions10/11€0.006m€0.006m=
Reserves13€0.9m€0.3m▼
Tax-exempt reserves132€0.03m€0.03m=
Distributable reserves133€0.9m€0.2m▼
Profit (loss) carried forward14€0.2m€0.2m=
Amounts payable17/49€0.1m€0.09m▼
Amounts payable after more than one year17€0.06m€0.03m▼
Financial debts170/4€0.06m€0.03m▼
Amounts payable within one year42/48€0.04m€0.06m▲
Current portion of amounts payable after more than one year42€0.03m€0.03m▲
Trade debts44€311€0.001m▲
Suppliers440/4€311€0.001m▲
Taxes, remuneration and social security45€0.008m€0.02m▲
Taxes450/3€0.008m€0.02m▲
Other amounts payable47/48€140€140=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▼
Other operating charges640/8€0.002m€0.002m▼
Gross operating margin9900€0.05m€0.1m▲
Operating profit (loss)9901€0.01m€0.08m▲
Financial income75/76B€0.02m€0.02m▲
Recurring financial income75€0.02m€0.02m▲
Financial charges65/66B€0.002m€0.001m▼
Recurring financial charges65€0.002m€0.001m▼
Profit (loss) for the period before taxes9903€0.03m€0.1m▲
Income taxes67/77€0.01m€0.03m▲
Profit (loss) for the period9904€0.02m€0.07m▲
Profit (loss) for the period to be appropriated9905€0.02m€0.07m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.2m€0.2m=
Transfer from equity791/2-€0.7m
Transfer to equity691/2€0.02m€0.07m▲
To other reserves6921€0.02m€0.07m▲
Profit to be distributed694/7-€0.7m
Return on contributions (dividend)694-€0.7m

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€230€75,515----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,784€25,489€4,036€4,209€22,264€31,952€31,811€31,587▼ 0.7%
Other operating charges640/8---€2,314€7,601€2,781€2,490€2,372▼ 4.7%
Non-recurring operating charges66A----€2,915----
Gross operating margin9900€54,629€32,048€46,879€54,865€131,393€71,582€46,176€111,146▲ 141%
Operating profit (loss)9901€3,670€2,497€39,900€48,342€98,613€36,848€11,874€77,187▲ 550%
Financial income75/76B---€47-€11,117€19,230€24,178▲ 25.7%
Recurring financial income75€3,302€1,042€64€47-€11,117€19,230€24,178▲ 25.7%
Financial charges65/66B---€1,154€1,932€2,099€1,819€1,271▼ 30.1%
Recurring financial charges65€3,731€2,580€1,568€1,154€1,932€2,099€1,819€1,271▼ 30.1%
Profit (loss) for the period before taxes9903€3,593€778,683€38,788€47,236€96,681€45,867€29,286€100,094▲ 242%
Income taxes67/77€6,310€75,363€14,070€16,667€27,488€15,024€10,974€30,947▲ 182%
Profit (loss) for the period9904-€2,717€703,320€24,718€30,568€69,193€30,843€18,312€69,146▲ 278%
Profit (loss) for the period to be appropriated9905-€2,717€703,320€24,718€30,568€69,193€30,843€18,312€69,146▲ 278%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.4m€1.2m€1.1m€1.1m€1.2m€1.2m€1.2m€0.5m▼ 54.5%
Fixed assets21/28€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m€0.2m€0.2m▼ 13.9%
Tangible fixed assets22/27€0.2m€0.2m€0.2m€0.2m€0.3m€0.3m€0.2m€0.2m▼ 13.9%
Land and buildings22---€0.2m€0.1m€0.1m€0.1m€0.1m=
Plant, machinery and equipment23---€0.02m€0.02m€0.02m€0.01m€0.01m▼ 18.3%
Furniture and vehicles24---€0.007m€0.1m€0.1m€0.07m€0.04m▼ 42.6%
Other tangible fixed assets26---€0.01m€0.01m€0.01m€0.01m€0.01m=
Financial fixed assets28€0.08m--------
Current assets29/58€0.2m€0.9m€0.9m€0.8m€0.9m€0.9m€1.0m€0.3m▼ 64.2%
Amounts receivable within one year40/41€0.04m---€99€0.001m€0.006m€0.005m▼ 20.0%
Other amounts receivable41----€99€0.001m€0.006m€0.005m▼ 20.0%
Current investments50/53€0.07m€0.05m€0.06m€0.06m€0.06m€0.8m€0.8m€0.2m▼ 75.5%
Cash at bank and in hand54/58€0.02m€0.8m€0.8m€0.7m€0.8m€0.08m€0.09m€0.04m▼ 59.8%
Deferred charges and accrued income490/1---€0.06m€0.05m€0.06m€0.05m€0.1m▲ 92.4%
Equity and liabilities
Total equity and liabilities10/49€0.4m€1.2m€1.1m€1.1m€1.2m€1.2m€1.2m€0.5m▼ 54.5%
Equity10/15€0.3m€1.0m€1.0m€1.0m€1.0m€1.1m€1.1m€0.5m▼ 58.3%
Contributions10/11€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m=
Capital10---€0.006m€0.006m----
Issued capital100---€0.02m€0.02m----
Uncalled capital101---€0.01m€0.01m----
Reserves13€0.1m€0.8m€0.8m€0.8m€0.9m€0.9m€0.9m€0.3m▼ 69.8%
Non-distributable reserves130/1---€0.002m€0.002m----
Legal reserve130---€0.002m€0.002m----
Tax-exempt reserves132---€0.03m€0.03m€0.03m€0.03m€0.03m=
Distributable reserves133---€0.8m€0.8m€0.9m€0.9m€0.2m▼ 72.2%
Profit (loss) carried forward14€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Amounts payable17/49€0.09m€0.2m€0.1m€0.07m€0.2m€0.1m€0.1m€0.09m▼ 14.4%
Amounts payable after more than one year17€0.03m€0.06m€0.05m€0.05m€0.1m€0.09m€0.06m€0.03m▼ 52.9%
Financial debts170/4---€0.05m€0.1m€0.09m€0.06m€0.03m▼ 52.9%
Amounts payable within one year42/48€0.07m€0.1m€0.09m€0.02m€0.05m€0.04m€0.04m€0.06m▲ 44.6%
Current portion of amounts payable after more than one year42---€0.007m€0.03m€0.03m€0.03m€0.03m▲ 1.0%
Trade debts44€0.008m€0.001m€0.07m€0.005m€0.001m€389€311€0.001m▲ 207%
Suppliers440/4---€0.005m€0.001m€389€311€0.001m▲ 207%
Taxes, remuneration and social security45---€0.008m€0.02m€0.005m€0.008m€0.02m▲ 226%
Taxes450/3---€0.006m€0.02m€0.005m€0.008m€0.02m▲ 226%
Remuneration and social security454/9---€0.002m-----
Other amounts payable47/48----€180-€140€140=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€2,717€703,320€24,718€30,568€69,193€30,843€18,312€69,146▲ 278%
+ Depreciation and write-downs630€46,784€25,489€4,036€4,209€22,264€31,952€31,811€31,587▼ 0.7%
Operating cash flow (approximation)€44,066€728,809€28,754€34,778€91,457€62,795€50,123€100,733▲ 101%
Investment in fixed assets (approximation)-€1,616€0-€16,582-€82,422-€1,661€0€0-
Change in cash-€809,768-€39,891-€82,823€113,468-€748,595€17,906-€56,017▼ 413%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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