BOULEX
ActiveSummary
BOULEX has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €29k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-2
Solvency95=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.3 against 3.35 in 2024; short-term debt: 30.2% and cash: 88.7% of total assets), and 30.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.8%
Return on assets
23.6%
Age of the figures
9 mo
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 04-07-2026, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
27 d early
2024
13 d early
2023
12 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€86k▲ 48.8%
2024 · €58k
2023: €32klowest in 3 years
2024: €58k▲ +81.7% vs 2023
2025: €86k▲ +48.8% vs 2024highest in 3 years
2023 → 2025
Total assets
€124k▲ 50.3%
2024 · €82k
2023: €59klowest in 3 years
2024: €82k▲ +39.1% vs 2023
2025: €124k▲ +50.3% vs 2024highest in 3 years
2023 → 2025
Net result
€29k▲ 8.2%
2024 · €27k
2023: €30khighest in 3 years
2024: €27k▼ -11.0% vs 2023lowest in 3 years
2025: €29k▲ +8.2% vs 2024
2023 → 2025
Working capital
€86k▲ 50.5%
2024 · €57k
2023: €31klowest in 3 years
2024: €57k▲ +87.1% vs 2023
2025: €86k▲ +50.5% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€32k-€58k▲ 81.7%€86k▲ 48.8%
2023: €32klowest in 3 years
2024: €58k▲ +81.7% vs 2023
2025: €86k▲ +48.8% vs 2024highest in 3 years
Operating result€41k-€40k▼ 2.5%€44k▲ 8.6%
2023: €41k
2024: €40k▼ -2.5% vs 2023lowest in 3 years
2025: €44k▲ +8.6% vs 2024highest in 3 years
Net result€30k-€27k▼ 11.0%€29k▲ 8.2%
2023: €30khighest in 3 years
2024: €27k▼ -11.0% vs 2023lowest in 3 years
2025: €29k▲ +8.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€346 ▼ 60.0%
Current assets
€123k ▲ 51.4%
Equity and liabilities €124k
Equity
€86k ▲ 48.8%
Debt
€37k ▲ 53.7%
Debt's share of the balance-sheet total rises from 29.6% to 30.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €41k
Cash flow
€30k▲
2024 · €27k
Current ratio
3.30▼
2024 · 3.35
Debt to equity
0.43▲
2024 · 0.42
ROE
33.8%▼
2024 · 46.4%
ROA
23.6%▼
2024 · 32.7%
Interest coverage
6267.56▲
2024 · 1694.96
Debt ≤ 1 year
€37k▲
2024 · €24k
Income taxes
€14k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€82k€124k▲
Fixed assets21/28€865€346▼
Tangible fixed assets22/27€865€346▼
Furniture and vehicles24€865€346▼
Current assets29/58€82k€123k▲
Amounts receivable within one year40/41€8k€14k▲
Trade receivables40€8k€14k▲
Cash at bank and in hand54/58€73k€110k▲
Deferred charges and accrued income490/1€18€18=
Equity and liabilities
Total equity and liabilities10/49€82k€124k▲
Equity10/15€58k€86k▲
Contributions10/11€3k€3k=
Reserves13€56k€84k▲
Distributable reserves133€56k€84k▲
Amounts payable17/49€24k€37k▲
Amounts payable within one year42/48€24k€37k▲
Trade debts44€753-
Suppliers440/4€753-
Taxes, remuneration and social security45€19k€33k▲
Taxes450/3€17k€33k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€519€519=
Gross operating margin9900€41k€44k▲
Operating profit (loss)9901€40k€44k▲
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€24€7▼
Recurring financial charges65€24€7▼
Profit (loss) for the period before taxes9903€40k€44k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€27k€29k▲
Profit (loss) for the period to be appropriated9905€27k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€29k▲
Transfer to equity691/2€26k€28k▲
To other reserves6921€26k€28k▲
Profit to be distributed694/7€859€833▼
Return on contributions (dividend)694€859€833▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173 | €519 | €519 | = |
| Gross operating margin9900 | €41k | €41k | €44k | ▲ 8.5% |
| Operating profit (loss)9901 | €41k | €40k | €44k | ▲ 8.6% |
| Financial income75/76B | €675 | - | €7 | - |
| Recurring financial income75 | €675 | - | €7 | - |
| Financial charges65/66B | - | €24 | €7 | ▼ 70.7% |
| Recurring financial charges65 | - | €24 | €7 | ▼ 70.7% |
| Profit (loss) for the period before taxes9903 | €42k | €40k | €44k | ▲ 8.6% |
| Income taxes67/77 | €12k | €13k | €14k | ▲ 9.5% |
| Profit (loss) for the period9904 | €30k | €27k | €29k | ▲ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €30k | €27k | €29k | ▲ 8.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €59k | €82k | €124k | ▲ 50.3% |
| Fixed assets21/28 | €1k | €865 | €346 | ▼ 60.0% |
| Tangible fixed assets22/27 | €1k | €865 | €346 | ▼ 60.0% |
| Furniture and vehicles24 | €1k | €865 | €346 | ▼ 60.0% |
| Current assets29/58 | €58k | €82k | €123k | ▲ 51.4% |
| Amounts receivable within one year40/41 | €40k | €8k | €14k | ▲ 62.5% |
| Trade receivables40 | €8k | €8k | €14k | ▲ 62.5% |
| Other amounts receivable41 | €32k | - | - | - |
| Cash at bank and in hand54/58 | €18k | €73k | €110k | ▲ 50.2% |
| Deferred charges and accrued income490/1 | - | €18 | €18 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €59k | €82k | €124k | ▲ 50.3% |
| Equity10/15 | €32k | €58k | €86k | ▲ 48.8% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €29k | €56k | €84k | ▲ 51.0% |
| Distributable reserves133 | €29k | €56k | €84k | ▲ 51.0% |
| Amounts payable17/49 | €27k | €24k | €37k | ▲ 53.7% |
| Amounts payable within one year42/48 | €27k | €24k | €37k | ▲ 53.7% |
| Trade debts44 | €2k | €753 | - | - |
| Suppliers440/4 | €2k | €753 | - | - |
| Taxes, remuneration and social security45 | €24k | €19k | €33k | ▲ 66.8% |
| Taxes450/3 | €24k | €17k | €33k | ▲ 85.9% |
| Remuneration and social security454/9 | - | €2k | - | - |
| Other amounts payable47/48 | €833 | €4k | €5k | ▲ 19.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €27k | €29k | ▲ 8.2% |
| + Depreciation and write-downs630 | €173 | €519 | €519 | = |
| Operating cash flow (approximation) | €30k | €27k | €30k | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €55k | €37k | ▼ 33.3% |
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
Next filing, fiscal year 2026, expected by
2026
04-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €27k ▼11%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2023
Ground area
9,553 m²
Building footprint
1,129 m²
Volume, LiDAR
22,443 m³
Parcel 21652E0051/00S002, Brussels · tallest building 25.2 m, ±6 floors. Linked by address, not a title deed.
117
companies at this address
See who is registered here
1 establishment unit
BOULEX
since 20232.349.936.648
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0051/00S002 | Brussels | 9,553 m² | 1 · 1,129 m² | 25.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,543 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
Founded25-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.