BOURGONJON
ActiveSummary
BOURGONJON has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €152,102 and a net result of €48,191. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+14
Solvency66▲+31
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.06 in 2023; short-term debt: 55.7% and cash: 11.1% of total assets), but 58.9% of the assets are financed with debt.
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Signals
Three 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
68 d late
2022
on the day
2021
3 d early
2020
3 d early
2019
7 d early
← 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 14 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€152,102▲ 46.4%
2023 · €103,911
Total assets
€369,645▼ 63.1%
2023 · €1.0m
Net result
€48,191▲ 209%
2023 · €15,618
Working capital
€108,765▲ 112%
2023 · €51,238
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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-€28,496▼ 76.6%€61,647€35,170▼ 42.9%€21,657▼ 38.4%€59,798▲ 176%
Net result-€30,425below the sector's middle half▼ 65.6%€59,457above the sector's middle half€33,292above the sector's middle half▼ 44.0%€15,618within the sector's middle half▼ 53.1%€48,191above the sector's middle half▲ 209%
Equity€28,543within the sector's middle half▼ 51.6%€88,001within the sector's middle half▲ 208%€88,293within the sector's middle half▲ 0.3%€103,911within the sector's middle half▲ 17.7%€152,102within the sector's middle half▲ 46.4%
Total assets€251,800within the sector's middle half▼ 16.5%€268,079within the sector's middle half▲ 6.5%€310,305within the sector's middle half▲ 15.8%€1.0mabove the sector's middle half▲ 222%€369,645within the sector's middle half▼ 63.1%
Debt€223,257▼ 8.0%€180,078▼ 19.3%€222,013▲ 23.3%€896,657▲ 304%€217,543▼ 75.7%
Working capital-€36,568below the sector's middle half▼ 17.6%€38,541within the sector's middle half€25,685within the sector's middle half▼ 33.4%€51,238within the sector's middle half▲ 99.5%€108,765within the sector's middle half▲ 112%
Solvency11.3%within the sector's middle half▼ 8.2pp32.8%within the sector's middle half▲ 21.5pp28.5%within the sector's middle half▼ 4.4pp10.4%within the sector's middle half▼ 18.1pp41.1%within the sector's middle half▲ 30.8pp
Current ratio0.82below the sector's middle half▼ 0.041.25within the sector's middle half▲ 0.441.12within the sector's middle half▼ 0.131.06within the sector's middle half▼ 0.061.53within the sector's middle half▲ 0.47
Return on assets (ROA)-12.1%below the sector's middle half▼ 6.0pp22.2%above the sector's middle half▲ 34.3pp10.7%within the sector's middle half▼ 11.5pp1.6%within the sector's middle half▼ 9.2pp13.0%above the sector's middle half▲ 11.5pp
Staff (FTE)1.4within the sector's middle half▲ 40.0%3.4▲ 143%7.1▲ 109%3.1▼ 56.3%2.1▼ 32.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale 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 recovers in 2024; 2024 is 176% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €369,645
Fixed assets
€54,966 ▼ 24.3%
Current assets
€314,679 ▼ 66.1%
Equity and liabilities €369,645
Equity
€152,102 ▲ 46.4%
Debt
€217,543 ▼ 75.7%
Debt's share of the balance-sheet total falls from 89.6% to 58.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75,063▲
2023 · €47,261
Cash flow
€63,456▲
2023 · €41,222
Quick ratio
1.35▲
2023 · 1.01
Debt to equity
1.43▼
2023 · 8.63
ROE
31.7%▲
2023 · 15.0%
Interest coverage
17.81▲
2023 · 6.68
Debt ≤ 1 year
€205,914▼
2023 · €876,736
Debt > 1 year
€11,629▼
2023 · €19,922
Income taxes
€7,693
Staff costs
€198,609▲
2023 · €194,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | €413 | - |
| Remuneration, social security and pensions62 | - | - | €136,977 | €194,388 | €198,609 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,302 | €36,176 | €37,355 | €25,604 | €15,265 | ▼ 40.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | €23,024 | -€97 | ▼ 100% |
| Other operating charges640/8 | - | - | €736 | €9,920 | €1,567 | ▼ 84.2% |
| Non-recurring operating charges66A | - | - | €0 | €39,675 | - | - |
| Gross operating margin9900 | €75,289 | €175,336 | €210,237 | €314,267 | €275,143 | ▼ 12.4% |
| Operating profit (loss)9901 | -€28,496 | €61,647 | €35,170 | €21,657 | €59,798 | ▲ 176% |
| Financial income75/76B | - | - | €183 | €1,039 | €301 | ▼ 71.0% |
| Recurring financial income75 | €7 | €43 | €183 | €1,039 | €301 | ▼ 71.0% |
| Financial charges65/66B | - | - | €2,061 | €7,077 | €4,215 | ▼ 40.4% |
| Recurring financial charges65 | €1,936 | €2,233 | €2,061 | €7,077 | €4,215 | ▼ 40.4% |
| Profit (loss) for the period before taxes9903 | -€30,425 | €59,457 | €33,292 | €15,618 | €55,884 | ▲ 258% |
| Income taxes67/77 | - | - | - | - | €7,693 | - |
| Profit (loss) for the period9904 | -€30,425 | €59,457 | €33,292 | €15,618 | €48,191 | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | -€30,425 | €59,457 | €33,292 | €15,618 | €48,191 | ▲ 209% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,800 | €268,079 | €310,305 | €1.0m | €369,645 | ▼ 63.1% |
| Fixed assets21/28 | €86,970 | €78,002 | €75,604 | €72,595 | €54,966 | ▼ 24.3% |
| Intangible fixed assets21 | €15,440 | €20,210 | €32,692 | €16,324 | €10,886 | ▼ 33.3% |
| Tangible fixed assets22/27 | €69,536 | €55,798 | €40,918 | €49,777 | €42,086 | ▼ 15.5% |
| Land and buildings22 | - | - | €7,568 | - | - | - |
| Plant, machinery and equipment23 | - | - | €9,127 | €42,176 | €35,336 | ▼ 16.2% |
| Furniture and vehicles24 | - | - | €24,223 | €7,601 | €6,750 | ▼ 11.2% |
| Financial fixed assets28 | €1,994 | €1,994 | €1,994 | €6,494 | €1,994 | ▼ 69.3% |
| Current assets29/58 | €164,830 | €190,077 | €234,701 | €927,973 | €314,679 | ▼ 66.1% |
| Stocks and contracts in progress3 | €30,537 | €43,126 | €73,227 | €43,268 | €35,673 | ▼ 17.6% |
| Stocks30/36 | - | - | €73,227 | €43,268 | €35,673 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €122,313 | €140,112 | €132,986 | €864,383 | €235,300 | ▼ 72.8% |
| Trade receivables40 | - | - | €124,252 | €253,557 | €154,365 | ▼ 39.1% |
| Other amounts receivable41 | - | - | €8,734 | €610,826 | €80,935 | ▼ 86.7% |
| Cash at bank and in hand54/58 | €6,782 | €866 | €20,717 | €19,232 | €41,021 | ▲ 113% |
| Deferred charges and accrued income490/1 | - | - | €7,771 | €1,090 | €2,684 | ▲ 146% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,800 | €268,079 | €310,305 | €1.0m | €369,645 | ▼ 63.1% |
| Equity10/15 | €28,543 | €88,001 | €88,293 | €103,911 | €152,102 | ▲ 46.4% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €26,787 | €26,787 | €26,787 | €85,311 | €133,502 | ▲ 56.5% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | €24,927 | €83,451 | €133,502 | ▲ 60.0% |
| Profit (loss) carried forward14 | -€16,844 | €42,614 | €42,905 | - | - | - |
| Amounts payable17/49 | €223,257 | €180,078 | €222,013 | €896,657 | €217,543 | ▼ 75.7% |
| Amounts payable after more than one year17 | €21,837 | €28,520 | €12,975 | €19,922 | €11,629 | ▼ 41.6% |
| Financial debts170/4 | - | - | €12,975 | €19,922 | €11,629 | ▼ 41.6% |
| Amounts payable within one year42/48 | €201,398 | €151,536 | €209,016 | €876,736 | €205,914 | ▼ 76.5% |
| Current portion of amounts payable after more than one year42 | - | - | €15,542 | €14,522 | €8,293 | ▼ 42.9% |
| Financial debts43 | - | - | €0 | - | - | - |
| Credit institutions430/8 | - | - | €0 | - | - | - |
| Trade debts44 | €147,761 | €107,518 | €147,931 | €835,676 | €29,667 | ▼ 96.4% |
| Suppliers440/4 | - | - | €147,931 | €835,676 | €29,667 | ▼ 96.4% |
| Taxes, remuneration and social security45 | - | - | €12,542 | €25,424 | €23,067 | ▼ 9.3% |
| Taxes450/3 | - | - | €1,295 | €11,269 | - | - |
| Remuneration and social security454/9 | - | - | €11,247 | €14,155 | €23,067 | ▲ 63.0% |
| Other amounts payable47/48 | - | - | €33,000 | €1,115 | €144,887 | ▲ 12,899% |
| Accrued charges and deferred income492/3 | - | - | €22 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,425 | €59,457 | €33,292 | €15,618 | €48,191 | ▲ 209% |
| + Depreciation and write-downs630 | €50,302 | €36,176 | €37,355 | €25,604 | €15,265 | ▼ 40.4% |
| Operating cash flow (approximation) | €19,877 | €95,633 | €70,647 | €41,222 | €63,456 | ▲ 53.9% |
| Investment in fixed assets (approximation) | - | -€27,208 | -€34,957 | -€22,595 | €2,364 | ▲ 110% |
| Change in cash | - | -€5,916 | €19,850 | -€1,484 | €21,789 | ▲ 1,568% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Equity above €150,000Eq €152,102 ▲46.4%
4 profitable years in a row build equity to €152,102.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Equity above €100,000Eq €103,911 ▲17.7%
3 profitable years in a row build equity to €103,911.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €59,457
Net result €59,457 after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€30,425
Net result drops to -€30,425, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 117 days late
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Evergem · 1 establishment unit since 2000
Ground area
280 m²
Building footprint
280 m²
Volume, LiDAR
2,215 m³
Parcel 44302E1528/00K000, Flanders · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Buntstraat 67, 9940 Evergem
since 20002.100.848.863
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E1528/00K000 | Flanders | 280 m² | 1 · 280 m² | 8.7 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- FRESHCOOK
- BOURGONJON
Highest known parent: FRESHCOOK. The sources do not say who stands above it.
Owners 1
- FRESHCOOKparentSourceaccounts FRESHCOOK 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,250 EUR awarded · 4,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |
| 2022 | 1 | 1,250 EUR | 1,250 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvergem2.100.848.863
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Of 757 companies in sector 46321 we hold annual accounts for 554. 361 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
Founded31-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
10111Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471567676
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.