BOUSAN
ActiveBOUSAN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency63▲+2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.66 against 1.53 in 2023; short-term debt: 58.1% and cash: 9.7% of total assets), but 62.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
37.7%
Return on assets
-22.4%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-18k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
30 d late
2022
92 d late
2021
130 d late
2020
88 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€366k
EBIT margin
6.1%
Net result
€-18k▲ 23.1%
2023 · €-24k
2018: €14k
2019: €3k
2020: €22k
2021: €4k
2022: €3k
2023: €-24k
2018 → 2024
Working capital
€32k▼ 30.0%
2023 · €45k
2018: €76k
2019: €67k
2020: €54k
2021: €63k
2022: €68k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€67k-€71k▲ 5.5%€73k▲ 3.5%€49k▼ 32.7%€31k▼ 37.3%
Operating result€31k-€18k▼ 41.1%€6k▼ 69.8%€-24k€-18k▲ 24.8%
Net result€22k-€4k▼ 83.6%€3k▼ 31.9%€-24k€-18k▲ 23.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2024 against €24k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82k
Fixed assets
€3k▼ 64.8%
Current assets
€79k▼ 39.2%
Equity and liabilities €82k
Equity
€31k▼ 37.3%
Debt
€51k▼ 42.6%
The debt ratio falls from 64.4% to 62.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-13k▲
2023 · €-19k
Cash flow
€-13k▲
2023 · €-19k
Solvency
37.7%▲
2023 · 35.6%
Current ratio
1.66▲
2023 · 1.53
Quick ratio
0.70▼
2023 · 1.11
Debt / equity
1.65▼
2023 · 1.81
ROE
-59.5%▼
2023 · -48.5%
ROA
-22.4%▼
2023 · -17.3%
Interest coverage
-55.74▲
2023 · -127.10
Debt
€51k▼
2023 · €89k
Debt ≤ 1 year
€48k▼
2023 · €85k
Debt > 1 year
€0▼
2023 · €405
Income taxes
€327▲
2023 · €316
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€139k€82k▼
Fixed assets21/28€8k€3k▼
Tangible fixed assets22/27€8k€3k▼
Furniture and vehicles24€8k€3k▼
Current assets29/58€131k€79k▼
Stocks and contracts in progress3€36k€46k▲
Stocks30/36€36k€46k▲
Amounts receivable within one year40/41€84k€26k▼
Trade receivables40€78k€21k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€11k€8k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€139k€82k▼
Equity10/15€49k€31k▼
Contributions10/11€12k€12k=
Reserves13€53k€53k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€-16k€-35k▼
Amounts payable17/49€89k€51k▼
Amounts payable after more than one year17€405€0▼
Financial debts170/4€405€0▼
Amounts payable within one year42/48€85k€48k▼
Current portion of amounts payable after more than one year42€5k€405▼
Trade debts44€69k€43k▼
Suppliers440/4€69k€43k▼
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€7k€297▼
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-16k€-11k▲
Operating profit (loss)9901€-24k€-18k▲
Financial income75/76B€358€53▼
Recurring financial income75€358€53▼
Financial charges65/66B€146€228▲
Recurring financial charges65€146€228▲
Profit (loss) for the period before taxes9903€-24k€-18k▲
Income taxes67/77€316€327▲
Profit (loss) for the period9904€-24k€-18k▲
Profit (loss) for the period to be appropriated9905€-24k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-35k▼
Profit (loss) brought forward from the previous period14P€8k€-16k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-24k ▼1059%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 130 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €22k ▲686%
Operating result €31k, net result €22k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Diksmuide · 1 establishment unit since 2012
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.
Lange Limaertstraat(V) 78600 DiksmuideGround area
3,115 m²
Building footprint
185 m²
Volume, LiDAR
809 m³
Parcel 32024C0757/00L002, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bousan
since 20122.206.269.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32024C0757/00L002 | Flanders | 3,115 m² | 1 · 185 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SEPPE VERLINDEN
BE 0657.942.189
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PAUL RENS
BE 0823.494.960
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TPLT
BE 0717.894.624
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A. Jacobs
BE 0757.479.136
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K-THERM
BE 0721.782.443
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Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 2,746 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-01-2012
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.