BOULY
ActiveThe file of BOULY contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 24.8% (high). The 2025 annual accounts show negative equity (-€166,630) and a net result of €31,361. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 1061 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+97
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
24.8%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.15 in 2024; short-term debt: 150.5% and cash: 55.6% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
-373.3%
Return on assets
70.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 1061 sector peers (2025).
NBB · sector comparisonPosition among 1061 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
55 d late
2023
34 d late
2022
17 d late
2021
34 d late
2020
107 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31,361
2024 · -€14,782
Working capital
-€37,073▲ 82.5%
2024 · -€211,404
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€32,668▼ 2.3%€8,234€8,536▲ 3.7%€5,883▼ 31.1%€33,789▲ 474%
Net result-€34,737▼ 4.8%€3,495€3,462▼ 0.9%-€14,782€31,361
Equity-€190,165▼ 22.3%-€186,670▲ 1.8%-€183,208▲ 1.9%-€197,991▼ 8.1%-€166,630▲ 15.8%
Total assets€57,226▲ 92.0%€47,540▼ 16.9%€29,806▼ 37.3%€49,693▲ 66.7%€44,641▼ 10.2%
Debt€247,391▲ 33.6%€234,210▼ 5.3%€213,015▼ 9.0%€247,684▲ 16.3%€211,271▼ 14.7%
Working capital-€207,188▼ 19.3%-€202,462▲ 2.3%-€197,811▲ 2.3%-€211,404▼ 6.9%-€37,073▲ 82.5%
Staff (FTE)105▼ 50.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 474% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €44,641
Fixed assets
€14,532 ▲ 8.3%
Current assets
€30,109 ▼ 17.0%
Key figures and ratios
EBITDA
€35,120▲
2024 · €7,073
Cash flow
€32,691▲
2024 · -€13,593
Solvency
-373.3%▲
2024 · -398.4%
Current ratio
0.45▲
2024 · 0.15
Quick ratio
0.40▲
2024 · 0.11
Debt to equity
-1.27▼
2024 · -1.25
ROA
70.3%▲
2024 · -29.7%
Interest coverage
14.46▲
2024 · 0.34
Debt ≤ 1 year
€67,182▼
2024 · €247,684
Debt > 1 year
€144,089
Staff costs
€176,356▼
2024 · €260,917
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 24.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,799 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30,000 | €5,000 | - | €30,150 | - |
| Remuneration, social security and pensions62 | €207,321 | €279,492 | €161,164 | €260,917 | €176,356 | ▼ 32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,241 | €1,231 | €1,189 | €1,189 | €1,330 | ▲ 11.8% |
| Other operating charges640/8 | €335 | €301 | €120 | €24,359 | €336 | ▼ 98.6% |
| Gross operating margin9900 | €176,228 | €289,258 | €171,010 | €292,349 | €211,811 | ▼ 27.5% |
| Operating profit (loss)9901 | -€32,668 | €8,234 | €8,536 | €5,883 | €33,789 | ▲ 474% |
| Financial income75/76B | €0 | - | €1,500 | €1 | €1 | ▼ 40.6% |
| Recurring financial income75 | €0 | - | €1,500 | €1 | €1 | ▼ 40.6% |
| Financial charges65/66B | €2,069 | €4,740 | €6,574 | €20,666 | €2,429 | ▼ 88.2% |
| Recurring financial charges65 | €2,069 | €4,740 | €6,574 | €20,666 | €2,429 | ▼ 88.2% |
| Profit (loss) for the period before taxes9903 | -€34,737 | €3,495 | €3,462 | -€14,782 | €31,361 | ▲ 312% |
| Profit (loss) for the period9904 | -€34,737 | €3,495 | €3,462 | -€14,782 | €31,361 | ▲ 312% |
| Profit (loss) for the period to be appropriated9905 | -€34,737 | €3,495 | €3,462 | -€14,782 | €31,361 | ▲ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,226 | €47,540 | €29,806 | €49,693 | €44,641 | ▼ 10.2% |
| Fixed assets21/28 | €17,023 | €15,792 | €14,603 | €13,413 | €14,532 | ▲ 8.3% |
| Tangible fixed assets22/27 | €7,775 | €6,544 | €5,355 | €4,165 | €5,284 | ▲ 26.9% |
| Plant, machinery and equipment23 | €41 | - | - | - | €2,308 | - |
| Other tangible fixed assets26 | €7,734 | €6,544 | €5,355 | €4,165 | €2,976 | ▼ 28.6% |
| Financial fixed assets28 | €9,248 | €9,248 | €9,248 | €9,248 | €9,248 | = |
| Current assets29/58 | €40,203 | €31,748 | €15,204 | €36,280 | €30,109 | ▼ 17.0% |
| Stocks and contracts in progress3 | €6,040 | €8,234 | €7,646 | €8,766 | €3,055 | ▼ 65.2% |
| Stocks30/36 | €6,040 | €8,234 | €7,646 | €8,766 | €3,055 | ▼ 65.2% |
| Amounts receivable within one year40/41 | - | - | - | €42 | €2,248 | ▲ 5,252% |
| Other amounts receivable41 | - | - | - | €42 | €2,248 | ▲ 5,252% |
| Cash at bank and in hand54/58 | €34,163 | €22,158 | €6,912 | €27,472 | €24,806 | ▼ 9.7% |
| Deferred charges and accrued income490/1 | - | €1,356 | €646 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,226 | €47,540 | €29,806 | €49,693 | €44,641 | ▼ 10.2% |
| Equity10/15 | -€190,165 | -€186,670 | -€183,208 | -€197,991 | -€166,630 | ▲ 15.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€252,165 | -€248,670 | -€245,208 | -€259,991 | -€228,630 | ▲ 12.1% |
| Amounts payable17/49 | €247,391 | €234,210 | €213,015 | €247,684 | €211,271 | ▼ 14.7% |
| Amounts payable after more than one year17 | - | - | - | - | €144,089 | - |
| Financial debts170/4 | - | - | - | - | €144,089 | - |
| Amounts payable within one year42/48 | €247,391 | €234,210 | €213,015 | €247,684 | €67,182 | ▼ 72.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €18,011 | - |
| Trade debts44 | €31,713 | €11,437 | €8,745 | €13,412 | €27,153 | ▲ 102% |
| Suppliers440/4 | €31,713 | €11,437 | €8,745 | €13,412 | €27,153 | ▲ 102% |
| Taxes, remuneration and social security45 | €102,470 | €96,674 | €92,641 | €234,272 | €22,018 | ▼ 90.6% |
| Taxes450/3 | €74,548 | €65,474 | €71,422 | €81,818 | €17,933 | ▼ 78.1% |
| Remuneration and social security454/9 | €27,922 | €31,200 | €21,219 | €152,453 | €4,084 | ▼ 97.3% |
| Other amounts payable47/48 | €113,208 | €126,098 | €111,629 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,737 | €3,495 | €3,462 | -€14,782 | €31,361 | ▲ 312% |
| + Depreciation and write-downs630 | €1,241 | €1,231 | €1,189 | €1,189 | €1,330 | ▲ 11.8% |
| Operating cash flow (approximation) | -€33,497 | €4,725 | €4,651 | -€13,593 | €32,691 | ▲ 341% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,449 | - |
| Change in cash | - | -€12,005 | -€15,246 | €20,561 | -€2,666 | ▼ 113% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €31,361
Net result €31,361 after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
13-02
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Brabant wallon · event 06-02-2025
2024
06-11
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collective agreement · event 24-10-2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Back to profitnet €3,495
Net result €3,495 after 3 loss-making years.
03-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 34 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Weakest financial yearnet -€52,471
Net result drops to -€52,471, the lowest in the series; recovery starts the following year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 2001
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.
Rue Libert (François) 91410 Waterloo1 establishment unit
LES NOUVEAUX ATELIERS
since 20012.096.665.391
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471336658
Also
9925:BE0471336658
Registered
24-11-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.