Summary
BOUDT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €138,051 and a net result of €7,007. Equity is growing by about 8.9% per year across the filed financial years. Its solvency ranks better than 95% of 2,991 sector peers (NACE 66, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€138,051▲ 7.5%
2024 · €128,440
Net result
€7,007▼ 6.8%
2024 · €7,517
Total assets
€138,051▲ 7.5%
2024 · €128,440
Solvency
100.0%=
2024 · 100.0%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 4% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€23,938
2025
Operating result€14,233
2025
Net result€7,007
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€138,051
2025
Equity€138,051
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency100.0%
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Solvency, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€24,123-€20,257▼ 16.0%€23,162▲ 14.3%€34,172▲ 47.5%€16,288▼ 52.3%€23,832▲ 46.3%€22,711▼ 4.7%€23,938▲ 5.4%
Operating result€13,457-€11,525▼ 14.4%€8,079▼ 29.9%€23,794▲ 195%€7,735▼ 67.5%€14,075▲ 82.0%€13,675▼ 2.8%€14,233▲ 4.1%
Net result€8,933-€7,470▼ 16.4%€4,189within the sector's middle half▼ 43.9%€14,692within the sector's middle half▲ 251%€4,622within the sector's middle half▼ 68.5%€7,933within the sector's middle half▲ 71.6%€7,517within the sector's middle half▼ 5.2%€7,007within the sector's middle half▼ 6.8%
Equity€73,481-€80,951▲ 10.2%€85,674within the sector's middle half▲ 5.8%€101,768within the sector's middle half▲ 18.8%€109,305within the sector's middle half▲ 7.4%€118,367within the sector's middle half▲ 8.3%€128,440within the sector's middle half▲ 8.5%€138,051within the sector's middle half▲ 7.5%
Total assets€73,481-€80,951▲ 10.2%€85,674below the sector's middle half▲ 5.8%€101,768below the sector's middle half▲ 18.8%€109,305below the sector's middle half▲ 7.4%€118,367below the sector's middle half▲ 8.3%€128,440below the sector's middle half▲ 8.5%€138,051within the sector's middle half▲ 7.5%
Solvency100.0%-100.0%=100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=100.0%above the sector's middle half=
Return on assets (ROA)12.2%-9.2%▼ 2.9pp4.9%within the sector's middle half▼ 4.3pp14.4%within the sector's middle half▲ 9.5pp4.2%within the sector's middle half▼ 10.2pp6.7%within the sector's middle half▲ 2.5pp5.9%within the sector's middle half▼ 0.8pp5.1%within the sector's middle half▼ 0.8pp
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,051
Fixed assets
€100,359 ▼ 2.6%
Current assets
€37,692 ▲ 48.5%
Key figures and ratios
ROE
5.1%▼
2024 · 5.9%
Income taxes
€7,000▲
2024 · €6,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €24,123 | €20,257 | €23,162 | €34,172 | €16,288 | €23,832 | €22,711 | €23,938 | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,612 | €2,643 | €8,977 | €2,942 | €2,947 | €3,041 | €3,070 | €3,092 | ▲ 0.7% |
| Other operating charges640/8 | - | - | - | €7,436 | €5,606 | €6,716 | €5,966 | €6,613 | ▲ 10.8% |
| Gross operating margin9900 | €24,123 | €20,257 | €23,162 | €34,172 | €16,288 | €23,832 | €22,711 | €23,938 | ▲ 5.4% |
| Operating profit (loss)9901 | €13,457 | €11,525 | €8,079 | €23,794 | €7,735 | €14,075 | €13,675 | €14,233 | ▲ 4.1% |
| Financial charges65/66B | - | - | - | €102 | €113 | €142 | €158 | €226 | ▲ 43.0% |
| Recurring financial charges65 | - | - | - | €102 | €113 | €142 | €158 | €226 | ▲ 43.0% |
| Non-recurring financial charges66B | - | - | - | €102 | €113 | €142 | €158 | €226 | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | €13,433 | €11,470 | €7,989 | €23,692 | €7,622 | €13,933 | €13,517 | €14,007 | ▲ 3.6% |
| Income taxes67/77 | €4,500 | €4,000 | €3,800 | €9,000 | €3,000 | €6,000 | €6,000 | €7,000 | ▲ 16.7% |
| Profit (loss) for the period9904 | €8,933 | €7,470 | €4,189 | €14,692 | €4,622 | €7,933 | €7,517 | €7,007 | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €8,933 | €7,470 | €4,189 | €14,692 | €4,622 | €7,933 | €7,517 | €7,007 | ▼ 6.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €73,481 | €80,951 | €85,674 | €101,768 | €109,305 | €118,367 | €128,440 | €138,051 | ▲ 7.5% |
| Fixed assets21/28 | €43,667 | €42,065 | €82,602 | €80,478 | €78,324 | €106,126 | €103,056 | €100,359 | ▼ 2.6% |
| Tangible fixed assets22/27 | €43,667 | €42,065 | €82,602 | €80,478 | €78,324 | €76,126 | €73,056 | €70,359 | ▼ 3.7% |
| Land and buildings22 | - | - | - | €72,187 | €70,607 | €69,027 | €67,447 | €65,867 | ▼ 2.3% |
| Plant, machinery and equipment23 | - | - | - | - | €753 | €1,298 | €971 | €1,016 | ▲ 4.6% |
| Furniture and vehicles24 | - | - | - | €8,291 | €6,964 | €5,801 | €4,638 | €3,476 | ▼ 25.1% |
| Financial fixed assets28 | - | - | - | - | - | €30,000 | €30,000 | €30,000 | = |
| Current assets29/58 | €29,814 | €38,886 | €3,072 | €21,290 | €30,981 | €12,241 | €25,384 | €37,692 | ▲ 48.5% |
| Amounts receivable within one year40/41 | €2,356 | €2,771 | €998 | €955 | €820 | €660 | €365 | €405 | ▲ 11.0% |
| Other amounts receivable41 | - | - | - | €955 | €820 | €660 | €365 | €405 | ▲ 11.0% |
| Current investments50/53 | - | €10,213 | - | €10,213 | €10,213 | €10,213 | €10,213 | €10,213 | = |
| Cash at bank and in hand54/58 | €27,458 | €25,902 | €2,074 | €10,122 | €19,948 | €1,368 | €14,806 | €27,074 | ▲ 82.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €73,481 | €80,951 | €85,674 | €101,768 | €109,305 | €118,367 | €128,440 | €138,051 | ▲ 7.5% |
| Equity10/15 | €73,481 | €80,951 | €85,674 | €101,768 | €109,305 | €118,367 | €128,440 | €138,051 | ▲ 7.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | - | - | €6,200 | - | - | - |
| Issued capital100 | - | - | - | - | - | €6,200 | - | - | - |
| Reserves13 | €67,281 | €74,751 | €79,474 | €95,568 | €103,105 | €112,167 | €122,240 | €131,851 | ▲ 7.9% |
| Non-distributable reserves130/1 | - | - | - | €2,400 | €2,400 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,400 | €2,400 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €93,168 | €100,705 | €112,167 | €122,240 | €131,851 | ▲ 7.9% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,933 | €7,470 | €4,189 | €14,692 | €4,622 | €7,933 | €7,517 | €7,007 | ▼ 6.8% |
| + Depreciation and write-downs630 | €2,612 | €2,643 | €8,977 | €2,942 | €2,947 | €3,041 | €3,070 | €3,092 | ▲ 0.7% |
| Operating cash flow (approximation) | €11,545 | €10,113 | €13,166 | €17,634 | €7,569 | €10,974 | €10,587 | €10,099 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€1,041 | -€49,514 | -€818 | -€793 | -€30,843 | €0 | -€395 | - |
| Change in cash | - | -€1,556 | -€23,828 | €8,048 | €9,826 | -€18,580 | €13,438 | €12,268 | ▼ 8.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-10-2025 | micro format | 11-04-2026 | 2026-00077403 |
| 31-10-2024 | micro format | 01-05-2025 | 2025-00085039 |
| 31-10-2023 | micro format | 18-04-2024 | 2024-00064637 |
| 31-10-2022 | micro format | 07-04-2023 | 2023-00055870 |
| 31-10-2021 | micro format | 21-04-2022 | 2022-20005621 |
| 31-10-2020 | micro format | 28-04-2021 | 2021-12900188 |
| 31-10-2019 | micro format | 05-04-2020 | 2020-08700165 |
| 31-10-2018 | abbreviated format | 06-04-2019 | 2019-09900579 |
| 31-10-2017 | abbreviated format | 10-02-2018 | 2018-04900356 |
| 31-10-2016 | abbreviated format | 16-04-2017 | 2017-09700581 |
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Of the 1,472 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 926. 648 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.