BOUTECH
ActiveSummary
BOUTECH has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.3m and a net result of -€17,857. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 142 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability48▼-4
Solvency100=
Growth68▲+33
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 3.34 against 3.89 in 2025; short-term debt: 17.1% and cash: 22.8% of total assets), and 17.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
82.8%
Return on assets
-0.6%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 09-09-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
52 d early
2025
31 d early
2024
51 d early
2023
34 d early
2022
42 d early
2021
41 d early
2020
31 d early
← 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 40 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
€537,013▲ 169%
2025 · €199,500
EBIT margin
-2.2%▼ 4.2pp
2025 · 2.0%
Net result
-€17,857▼ 169%
2025 · -€6,650
Working capital
€1.1m▼ 5.6%
2025 · €1.2m
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
Line20222023202420252026
Turnover€270,000€199,500▼ 26.1%€537,013▲ 169%
Operating result€87,523▼ 59.6%€81,640▼ 6.7%€90,122▲ 10.4%€3,895▼ 95.7%-€11,889
Net result€76,901▼ 56.5%€70,354▼ 8.5%€71,499▲ 1.6%-€6,650-€17,857▼ 169%
EBIT margin33.4%2.0%▼ 31.4pp-2.2%▼ 4.2pp
Equity€2.2m▲ 3.7%€2.2m▲ 3.1%€2.3m▲ 3.2%€2.3m▼ 0.3%€2.3m▼ 0.8%
Total assets€2.2m▲ 3.8%€2.3m▲ 3.0%€3.3m▲ 43.1%€2.7m▼ 16.2%€2.8m▲ 1.4%
Debt€20,526▲ 26.2%€17,146▼ 16.5%€929,925▲ 5,323%€408,248▼ 56.1%€476,488▲ 16.7%
Working capital€779,998▲ 13.5%€921,147▲ 18.1%€1.0m▲ 8.6%€1.2m▲ 17.5%€1.1m▼ 5.6%
Why a figure moved sharply
- 2026 Turnover +169% on 2025. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €11,889 after €3,895 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.8m
Fixed assets
€1.2m ▲ 3.2%
Current assets
€1.6m ▲ 0.2%
Equity and liabilities €2.8m
Equity
€2.3m ▼ 0.8%
Provisions
€0 ▼ 100%
Debt
€476,488 ▲ 16.7%
Debt's share of the balance-sheet total rises from 14.9% to 17.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€51,966▼
2025 · €63,444
Cash flow
€45,999▼
2025 · €52,898
Current ratio
3.34▼
2025 · 3.89
Quick ratio
2.33▲
2025 · 1.87
Debt to equity
0.21▲
2025 · 0.18
ROE
-0.8%▼
2025 · -0.3%
ROA
-0.6%▼
2025 · -0.2%
Interest coverage
3.03▲
2025 · 1.23
Debt ≤ 1 year
€474,726▲
2025 · €406,487
Income taxes
€12,399▲
2025 · €3,222
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% 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 497,058 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 8,594 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €307,121 | €230,765 | €564,942 | ▲ 145% |
| Turnover70 | - | - | €270,000 | €199,500 | €537,013 | ▲ 169% |
| Other operating income74 | - | - | €37,121 | €31,265 | €27,929 | ▼ 10.7% |
| Operating charges60/66A | - | - | €217,000 | €226,870 | €576,832 | ▲ 154% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €342,822 | - |
| Purchases600/8 | - | - | €342,822 | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€342,822 | - | €342,822 | - |
| Services and other goods61 | - | - | €149,429 | €155,791 | €159,699 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,973 | €61,844 | €55,270 | €59,548 | €63,855 | ▲ 7.2% |
| Other operating charges640/8 | €11,792 | €10,779 | €12,301 | €11,531 | €10,456 | ▼ 9.3% |
| Gross operating margin9900 | €161,287 | €154,263 | - | - | - | - |
| Operating profit (loss)9901 | €87,523 | €81,640 | €90,122 | €3,895 | -€11,889 | ▼ 405% |
| Financial income75/76B | €11,920 | €8,469 | €23,612 | €44,215 | €13,836 | ▼ 68.7% |
| Recurring financial income75 | €11,920 | €8,469 | €23,612 | €44,215 | €13,836 | ▼ 68.7% |
| Income from current assets751 | - | - | €23,612 | €44,205 | €13,836 | ▼ 68.7% |
| Other financial income752/9 | - | - | - | €10 | - | - |
| Financial charges65/66B | €737 | €747 | €18,458 | €52,758 | €18,304 | ▼ 65.3% |
| Recurring financial charges65 | €737 | €747 | €18,458 | €52,758 | €18,304 | ▼ 65.3% |
| Debt charges650 | - | - | €17,520 | €51,680 | €17,169 | ▼ 66.8% |
| Other financial charges652/9 | - | - | €937 | €1,078 | €1,135 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €98,706 | €89,361 | €95,276 | -€4,648 | -€16,358 | ▼ 252% |
| Transfer from deferred taxes780 | €976 | €1,220 | €1,220 | €1,220 | €10,901 | ▲ 794% |
| Income taxes67/77 | €22,782 | €20,227 | €24,997 | €3,222 | €12,399 | ▲ 285% |
| Taxes670/3 | - | - | €25,000 | €3,222 | €12,400 | ▲ 285% |
| Tax adjustments and reversals of tax provisions77 | - | - | €3 | - | €1 | - |
| Profit (loss) for the period9904 | €76,901 | €70,354 | €71,499 | -€6,650 | -€17,857 | ▼ 169% |
| Transfer from tax-exempt reserves789 | €3,904 | €3,660 | €3,660 | €3,660 | €32,703 | ▲ 794% |
| Profit (loss) for the period to be appropriated9905 | €80,804 | €74,014 | €75,159 | -€2,990 | €14,847 | ▲ 596% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €3.3m | €2.7m | €2.8m | ▲ 1.4% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | ▲ 3.2% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▲ 3.3% |
| Land and buildings22 | €1.0m | €961,910 | €911,249 | €861,645 | €881,585 | ▲ 2.3% |
| Plant, machinery and equipment23 | €1,631 | €1,304 | €14,400 | €10,734 | €22,194 | ▲ 107% |
| Furniture and vehicles24 | €11,849 | €992 | €29,986 | €25,634 | €30,820 | ▲ 20.2% |
| Other tangible fixed assets26 | €203,220 | €203,220 | €203,220 | €203,220 | €203,220 | = |
| Financial fixed assets28 | €185,313 | €175,000 | €175,000 | €50,000 | €50,000 | = |
| Other financial fixed assets284/8 | - | - | €175,000 | €50,000 | €50,000 | = |
| Shares284 | - | - | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €125,000 | - | - | - |
| Current assets29/58 | €798,926 | €936,837 | €1.9m | €1.6m | €1.6m | ▲ 0.2% |
| Stocks and contracts in progress3 | €479,398 | €479,398 | €822,219 | €822,219 | €479,398 | ▼ 41.7% |
| Stocks30/36 | €479,398 | €479,398 | €822,219 | €822,219 | €479,398 | ▼ 41.7% |
| Goods purchased for resale34 | - | - | €822,219 | €822,219 | €479,398 | ▼ 41.7% |
| Amounts receivable within one year40/41 | €158,521 | €266,581 | €878,668 | €372,724 | €446,506 | ▲ 19.8% |
| Trade receivables40 | - | - | €39,930 | - | €146,506 | - |
| Other amounts receivable41 | €158,521 | €266,581 | €838,738 | €372,724 | €300,000 | ▼ 19.5% |
| Cash at bank and in hand54/58 | €131,798 | €161,562 | €191,771 | €353,688 | €631,384 | ▲ 78.5% |
| Deferred charges and accrued income490/1 | €29,209 | €29,296 | €35,808 | €32,910 | €27,151 | ▼ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €3.3m | €2.7m | €2.8m | ▲ 1.4% |
| Equity10/15 | €2.2m | €2.2m | €2.3m | €2.3m | €2.3m | ▼ 0.8% |
| Contributions10/11 | €123,700 | €123,700 | €123,700 | €123,700 | €123,700 | = |
| Reserves13 | €2.1m | €2.1m | €2.2m | €2.2m | €2.2m | ▼ 0.8% |
| Tax-exempt reserves132 | €65,344 | €58,772 | €55,113 | €51,453 | €18,750 | ▼ 63.6% |
| Distributable reserves133 | €2.0m | €2.1m | €2.1m | €2.1m | €2.2m | ▲ 0.7% |
| Provisions and deferred taxes16 | €11,649 | €13,341 | €12,121 | €10,901 | - | - |
| Deferred taxes168 | €11,649 | €13,341 | €12,121 | €10,901 | - | - |
| Amounts payable17/49 | €20,526 | €17,146 | €929,925 | €408,248 | €476,488 | ▲ 16.7% |
| Amounts payable within one year42/48 | €18,928 | €15,690 | €928,133 | €406,487 | €474,726 | ▲ 16.8% |
| Trade debts44 | €386 | €1,708 | €990 | €2,394 | €11,284 | ▲ 371% |
| Suppliers440/4 | €386 | €1,708 | €990 | €2,394 | €11,284 | ▲ 371% |
| Taxes, remuneration and social security45 | €18,542 | €13,982 | €19,315 | €24,534 | €108,041 | ▲ 340% |
| Taxes450/3 | €18,542 | €13,982 | €19,315 | €24,534 | €108,041 | ▲ 340% |
| Other amounts payable47/48 | - | - | €907,828 | €379,559 | €355,401 | ▼ 6.4% |
| Accrued charges and deferred income492/3 | €1,598 | €1,457 | €1,792 | €1,761 | €1,762 | ▲ 0.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,901 | €70,354 | €71,499 | -€6,650 | -€17,857 | ▼ 169% |
| + Depreciation and write-downs630 | €61,973 | €61,844 | €55,270 | €59,548 | €63,855 | ▲ 7.2% |
| Operating cash flow (approximation) | €138,873 | €132,198 | €126,769 | €52,898 | €45,999 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | €10,313 | -€46,698 | €123,074 | -€100,441 | ▼ 182% |
| Change in cash | - | €29,764 | €30,210 | €161,917 | €277,696 | ▲ 71.5% |
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 2027, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Weakest financial yearnet -€17,857
Net result drops to -€17,857, the lowest in the series.
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2019net €176,774 ▲698%
Operating result €216,612, net result €176,774, both a record.
31-03
Financial
Liquidity times 19current ratio 47.25
Current ratio from 2.46 to 47.25; short-term debt falls from €240,985 to €14,861.
31-03
Financial
Equity above €2mEq €2.1m ▲24.1%
3 profitable years in a row build equity to €2.1m.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Izegem · 1 establishment unit since 2000
Ground area
1.8 ha
Building footprint
407 m²
Volume, LiDAR
2,460 m³
Parcel 36494E0547/00Y000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BOUTECH
since 20002.131.676.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E0547/00Y000 | Flanders | 1.8 ha | 1 · 407 m² | 10.8 m · 2 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 holdingOwners 0
The accounts to 31-03-2026 list no shareholders, and no other source names one.
Holdings 1
-
12.5%
According to the annual accounts to 31-03-2026 of BOUTECH and those 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 2,161 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 (pre-2019)
Founded23-12-1987
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28210Manufacture of machinery and equipment not elsewhere classified
47811Retail sale of cars and light vans (up to 3.5 tonnes)
64210Activities of holding companies
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432969101
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.