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BOUSSALAA

Active
Public limited companyfounded 1990active for 36 yearsChemin du Ruisseau 11, 1390 Grez-Doiceau, BelgiumKBO/BCE: BE 0440.912.708
Summary

BOUSSALAA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,838 and a net result of €3,605. Equity remains stable across the filed financial years (±2.4% per year). Its solvency ranks better than 57% of 1,229 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467523.

Equity
€154,838▲ 2.4%
2024 · €151,233
Total assets
€299,843▲ 3.3%
2024 · €290,256
Net result
€3,605▼ 48.6%
2024 · €7,015
Working capital
€60,524▼ 16.0%
2024 · €72,063
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 33% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€9,820 2025 Net result€3,605 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: 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, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€15,172-€12,557▼ 17.2%€16,642▲ 32.5%€14,341▼ 13.8%€7,417▼ 48.3%-€1,631€14,576€9,820▼ 32.6%
Net result€7,885-€7,086▼ 10.1%€9,782within the sector's middle half▲ 38.0%€6,053within the sector's middle half▼ 38.1%€679below the sector's middle half▼ 88.8%-€7,182below the sector's middle half€7,015within the sector's middle half€3,605below the sector's middle half▼ 48.6%
Equity€127,800-€134,886▲ 5.5%€144,668within the sector's middle half▲ 7.3%€150,721within the sector's middle half▲ 4.2%€151,400within the sector's middle half▲ 0.5%€144,218within the sector's middle half▼ 4.7%€151,233within the sector's middle half▲ 4.9%€154,838within the sector's middle half▲ 2.4%
Total assets€276,024-€283,157▲ 2.6%€294,915within the sector's middle half▲ 4.2%€288,941within the sector's middle half▼ 2.0%€340,291within the sector's middle half▲ 17.8%€358,907within the sector's middle half▲ 5.5%€290,256within the sector's middle half▼ 19.1%€299,843below the sector's middle half▲ 3.3%
Debt€148,224-€148,271=€150,247▲ 1.3%€138,220▼ 8.0%€188,891▲ 36.7%€214,689▲ 13.7%€139,023▼ 35.2%€145,005▲ 4.3%
Working capital€118,075-€114,237▼ 3.3%€118,954above the sector's middle half▲ 4.1%€114,727above the sector's middle half▼ 3.6%€65,876within the sector's middle half▼ 42.6%€63,498within the sector's middle half▼ 3.6%€72,063within the sector's middle half▲ 13.5%€60,524within the sector's middle half▼ 16.0%
Solvency46.3%-47.6%▲ 1.3pp49.1%within the sector's middle half▲ 1.4pp52.2%within the sector's middle half▲ 3.1pp44.5%within the sector's middle half▼ 7.7pp40.2%within the sector's middle half▼ 4.3pp52.1%within the sector's middle half▲ 11.9pp51.6%within the sector's middle half▼ 0.5pp
Current ratio4.68-3.77▼ 0.903.27above the sector's middle half▼ 0.513.29above the sector's middle half▲ 0.021.76within the sector's middle half▼ 1.531.49within the sector's middle half▼ 0.271.96within the sector's middle half▲ 0.481.61within the sector's middle half▼ 0.35
Return on assets (ROA)2.9%-2.5%▼ 0.4pp3.3%within the sector's middle half▲ 0.8pp2.1%within the sector's middle half▼ 1.2pp0.2%below the sector's middle half▼ 1.9pp-2.0%below the sector's middle half▼ 2.2pp2.4%within the sector's middle half▲ 4.4pp1.2%within the sector's middle half▼ 1.2pp
Staff (FTE)3-2.7▼ 10.0%2.7within the sector's middle half=3.6▲ 33.3%3▼ 16.7%2.8▼ 6.7%2.7▼ 3.6%3.3within the sector's middle half▲ 22.2%
above within below the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299,843
Fixed assets €140,764 ▼ 1.7%
Current assets €159,079 ▲ 8.2%
Equity and liabilities €299,843
Equity €154,838 ▲ 2.4%
Debt €145,005 ▲ 4.3%
Debt's share of the balance-sheet total rises from 47.9% to 48.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€43,511▲
2024 · €42,311
Cash flow
€37,296▲
2024 · €34,750
Quick ratio
1.00▼
2024 · 1.36
Debt to equity
0.94▲
2024 · 0.92
ROE
2.3%▼
2024 · 4.6%
Interest coverage
10.38▲
2024 · 9.33
Debt ≤ 1 year
€98,555▲
2024 · €74,960
Debt > 1 year
€46,450▼
2024 · €64,063
Income taxes
€2,305▼
2024 · €3,368
Staff costs
€219,673▲
2024 · €173,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94.4% 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 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,042 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€290,256€299,843▲
Fixed assets21/28€143,233€140,764▼
Intangible fixed assets21€3,134€1,984▼
Tangible fixed assets22/27€136,863€135,544▼
Land and buildings22€69,029€63,277▼
Plant, machinery and equipment23€3,753€15,035▲
Furniture and vehicles24€40,036€25,957▼
Other tangible fixed assets26€24,045€31,275▲
Financial fixed assets28€3,236€3,236=
Current assets29/58€147,023€159,079▲
Stocks and contracts in progress3€45,189€60,191▲
Stocks30/36€45,189€60,191▲
Amounts receivable within one year40/41€13,511€20,537▲
Trade receivables40€13,511€17,865▲
Other amounts receivable41-€2,672
Cash at bank and in hand54/58€83,939€72,392▼
Deferred charges and accrued income490/1€4,384€5,959▲
Equity and liabilities
Total equity and liabilities10/49€290,256€299,843▲
Equity10/15€151,233€154,838▲
Contributions10/11€63,213€63,213=
Capital10€63,213€63,213=
Issued capital100€63,213€63,213=
Reserves13€6,321€6,321=
Non-distributable reserves130/1€6,321€6,321=
Legal reserve130€6,321€6,321=
Profit (loss) carried forward14€81,699€85,304▲
Amounts payable17/49€139,023€145,005▲
Amounts payable after more than one year17€64,063€46,450▼
Financial debts170/4€64,063€46,450▼
Amounts payable within one year42/48€74,960€98,555▲
Current portion of amounts payable after more than one year42€52,585€50,188▼
Trade debts44€12,876€23,912▲
Suppliers440/4€12,876€23,912▲
Taxes, remuneration and social security45€9,499€24,455▲
Remuneration and social security454/9€9,499€24,455▲
Income statement Code20242025
Remuneration, social security and pensions62€173,951€219,673▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,735€33,691▲
Other operating charges640/8€7,876€2,483▼
Gross operating margin9900€224,138€265,667▲
Operating profit (loss)9901€14,576€9,820▼
Financial income75/76B€341€280▼
Recurring financial income75€341€280▼
Financial charges65/66B€4,534€4,190▼
Recurring financial charges65€4,534€4,190▼
Profit (loss) for the period before taxes9903€10,383€5,910▼
Income taxes67/77€3,368€2,305▼
Profit (loss) for the period9904€7,015€3,605▼
Profit (loss) for the period to be appropriated9905€7,015€3,605▼
Appropriation of the result
Profit (loss) to be appropriated9906€81,699€85,304▲
Profit (loss) brought forward from the previous period14P€74,684€81,699▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€2,964----
Remuneration, social security and pensions62---€115,729€120,017€141,317€173,951€219,673▲ 26.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,040€15,047€16,196€16,619€21,269€31,347€27,735€33,691▲ 21.5%
Other operating charges640/8---€1,839€5,316€941€7,876€2,483▼ 68.5%
Gross operating margin9900€101,595€104,414€123,762€148,528€154,019€171,974€224,138€265,667▲ 18.5%
Operating profit (loss)9901€15,172€12,557€16,642€14,341€7,417-€1,631€14,576€9,820▼ 32.6%
Financial income75/76B---€7€4€207€341€280▼ 17.9%
Recurring financial income75€41€674€106€7€4€207€341€280▼ 17.9%
Financial charges65/66B---€6,034€5,377€5,407€4,534€4,190▼ 7.6%
Recurring financial charges65€4,969€4,738€4,652€6,034€5,377€5,407€4,534€4,190▼ 7.6%
Profit (loss) for the period before taxes9903€10,244€8,493€12,096€8,314€2,044-€6,831€10,383€5,910▼ 43.1%
Income taxes67/77€2,359€1,407€2,314€2,261€1,365€351€3,368€2,305▼ 31.6%
Profit (loss) for the period9904€7,885€7,086€9,782€6,053€679-€7,182€7,015€3,605▼ 48.6%
Profit (loss) for the period to be appropriated9905€7,885€7,086€9,782€6,053€679-€7,182€7,015€3,605▼ 48.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€276,024€283,157€294,915€288,941€340,291€358,907€290,256€299,843▲ 3.3%
Fixed assets21/28€125,826€127,742€123,501€124,169€187,551€164,707€143,233€140,764▼ 1.7%
Intangible fixed assets21--€2,799€2,177€1,555€4,595€3,134€1,984▼ 36.7%
Tangible fixed assets22/27€122,590€124,506€117,466€118,756€182,760€156,876€136,863€135,544▼ 1.0%
Land and buildings22---€86,287€80,534€74,782€69,029€63,277▼ 8.3%
Plant, machinery and equipment23---€18,187€10,391€5,520€3,753€15,035▲ 301%
Furniture and vehicles24---€4,986€64,499€49,128€40,036€25,957▼ 35.2%
Other tangible fixed assets26---€9,296€27,336€27,446€24,045€31,275▲ 30.1%
Financial fixed assets28€3,236€3,236€3,236€3,236€3,236€3,236€3,236€3,236=
Current assets29/58€150,198€155,415€171,414€164,772€152,740€194,200€147,023€159,079▲ 8.2%
Stocks and contracts in progress3€30,736€29,238€59,259€63,199€82,193€94,244€45,189€60,191▲ 33.2%
Stocks30/36---€63,199€82,193€94,244€45,189€60,191▲ 33.2%
Amounts receivable within one year40/41€71,267€75,361€42,724€25,653€13,363€49,066€13,511€20,537▲ 52.0%
Trade receivables40---€10,757€10,728€40,122€13,511€17,865▲ 32.2%
Other amounts receivable41---€14,896€2,635€8,944-€2,672-
Cash at bank and in hand54/58€44,813€49,516€69,208€74,303€57,184€48,145€83,939€72,392▼ 13.8%
Deferred charges and accrued income490/1---€1,617-€2,745€4,384€5,959▲ 35.9%
Equity and liabilities
Total equity and liabilities10/49€276,024€283,157€294,915€288,941€340,291€358,907€290,256€299,843▲ 3.3%
Equity10/15€127,800€134,886€144,668€150,721€151,400€144,218€151,233€154,838▲ 2.4%
Contributions10/11€63,213€63,213€63,213€63,213€63,213€63,213€63,213€63,213=
Capital10---€63,213€63,213€63,213€63,213€63,213=
Issued capital100---€63,213€63,213€63,213€63,213€63,213=
Reserves13€6,321€6,321€6,321€6,321€6,321€6,321€6,321€6,321=
Non-distributable reserves130/1---€6,321€6,321€6,321€6,321€6,321=
Legal reserve130---€6,321€6,321€6,321€6,321€6,321=
Profit (loss) carried forward14€58,266€65,352€75,134€81,187€81,866€74,684€81,699€85,304▲ 4.4%
Amounts payable17/49€148,224€148,271€150,247€138,220€188,891€214,689€139,023€145,005▲ 4.3%
Amounts payable after more than one year17€116,101€107,093€97,787€88,175€102,027€83,334€64,063€46,450▼ 27.5%
Financial debts170/4---€88,175€102,027€83,334€64,063€46,450▼ 27.5%
Amounts payable within one year42/48€32,123€41,178€52,460€50,045€86,864€130,702€74,960€98,555▲ 31.5%
Current portion of amounts payable after more than one year42---€15,704€55,417€54,271€52,585€50,188▼ 4.6%
Trade debts44€10,933€19,308€27,771€19,243€19,852€59,711€12,876€23,912▲ 85.7%
Suppliers440/4---€19,243€19,852€59,711€12,876€23,912▲ 85.7%
Taxes, remuneration and social security45---€15,098€11,595€16,720€9,499€24,455▲ 157%
Remuneration and social security454/9---€15,098€11,595€16,720€9,499€24,455▲ 157%
Accrued charges and deferred income492/3-----€653---
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€7,885€7,086€9,782€6,053€679-€7,182€7,015€3,605▼ 48.6%
+ Depreciation and write-downs630€12,040€15,047€16,196€16,619€21,269€31,347€27,735€33,691▲ 21.5%
Operating cash flow (approximation)€19,925€22,133€25,978€22,672€21,948€24,165€34,750€37,296▲ 7.3%
Investment in fixed assets (approximation)--€16,963-€11,955-€17,287-€84,651-€8,503-€6,261-€31,222▼ 399%
Change in cash-€4,703€19,692€5,095-€17,119-€9,039€35,794-€11,547-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 31-08-2026 2026-00467523
31-12-2024 micro format 25-08-2025 2025-00396927
31-12-2023 micro format 27-08-2024 2024-00374205
31-12-2022 micro format 30-08-2023 2023-00375805
31-12-2021 micro format 31-08-2022 2022-20371291
31-12-2020 micro format 25-08-2021 2021-53700292
31-12-2019 micro format 31-08-2020 2020-49500531
31-12-2018 micro format 29-08-2019 2019-55000245
31-12-2017 micro format 24-08-2018 2018-53400251
31-12-2016 full format 16-06-2017 2017-18300102

Show all 36 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.