BOXIFY

Active

Private limited companyfounded 201510 yrs activeLouizalaan 231, 1050 Brussel, BelgiumKBO/BCE: BE 0640.926.411

The file of BOXIFY contains 3 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (€-322k) and a net result of €-38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 26043 sector peers (fiscal year 2024).

Watch Print / PDF

Checked score

Score 2024

7 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability31▲+31

Solvency0=

Growth32=

Track record60

Bankruptcy probability, 12 months

≥ 25% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.61 against 0.36 in 2023; short-term debt: 111.4% and cash: 2.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Judicial reorganisation on record

A judicial reorganisation is on record, and one often precedes a bankruptcy.

Belgian State Gazette

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-63.6%

Return on assets

-7.6%

Age of the figures

21 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-322k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-08-2025, 24 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

24 d late

2023

37 d early

2022

28 d late

2021

73 d late

2020

30 d late

2019

124 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-38k▲ 82.1%

2023 · €-215k

2018: €9k 2019: €-19k 2020: €-27k 2021: €-12k 2022: €-264k 2023: €-215k

2018 → 2024

Working capital

€-218k▲ 17.8%

2023 · €-265k

2018: €-55k 2019: €-47k 2020: €-41k 2021: €-57k 2022: €4k 2023: €-265k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€16k-€-2k€-57k▼ 2,606%€-277k▼ 385%€-322k▼ 16.2%

Operating result€-24k-€-13k▲ 47.7%€-252k▼ 1,911%€-195k▲ 22.6%€-28k▲ 85.7%

Net result€-27k-€-12k▲ 54.5%€-264k▼ 2,035%€-215k▲ 18.5%€-38k▲ 82.1%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €28k in 2024 against €195k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €506k

31.7%

68.3%

Fixed assets €160k▼ 31.1%

Current assets €346k▲ 132%

Key figures and ratios

2024 value · change against 2023

EBITDA

€47k▲

2023 · €-112k

Cash flow

€37k▲

2023 · €-131k

Solvency

-63.6%▲

2023 · -72.5%

Current ratio

0.61▲

2023 · 0.36

Quick ratio

0.60▲

2023 · 0.35

Debt / equity

-2.56▼

2023 · -2.36

ROA

-7.6%▲

2023 · -56.3%

Interest coverage

2.64▲

2023 · -4.12

Debt

€824k▲

2023 · €653k

Debt ≤ 1 year

€564k▲

2023 · €414k

Debt > 1 year

€260k▲

2023 · €234k

Income taxes

€239▲

2023 · €238

Staff costs

€218k▼

2023 · €235k

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€382k€506k▲

Fixed assets21/28€233k€160k▼

Intangible fixed assets21€149k€97k▼

Tangible fixed assets22/27€83k€63k▼

Plant, machinery and equipment23€855€855=

Furniture and vehicles24€18k€15k▼

Leasing and similar rights25€33k€23k▼

Other tangible fixed assets26€32k€25k▼

Financial fixed assets28€135€135=

Current assets29/58€149k€346k▲

Stocks and contracts in progress3€6k€6k=

Stocks30/36€6k€6k=

Amounts receivable within one year40/41€140k€329k▲

Trade receivables40€140k€329k▲

Other amounts receivable41€11€23▲

Cash at bank and in hand54/58€2k€11k▲

Deferred charges and accrued income490/1€960-

Equity and liabilities

Total equity and liabilities10/49€382k€506k▲

Equity10/15€-277k€-322k▼

Contributions10/11€219k€219k=

Outside capital11€219k€219k=

Other1109/19€219k€219k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€-528k€-568k▼

Investment grants15€31k€26k▼

Provisions and deferred taxes16€6k€4k▼

Deferred taxes168€6k€4k▼

Amounts payable17/49€653k€824k▲

Amounts payable after more than one year17€234k€260k▲

Financial debts170/4€234k€260k▲

Amounts payable within one year42/48€414k€564k▲

Current portion of amounts payable after more than one year42€43k€33k▼

Financial debts43€100k€100k▼

Credit institutions430/8€100k€100k▼

Trade debts44€182k€315k▲

Suppliers440/4€182k€315k▲

Taxes, remuneration and social security45€69k€91k▲

Taxes450/3€32k€85k▲

Remuneration and social security454/9€37k€7k▼

Other amounts payable47/48€21k€24k▲

Accrued charges and deferred income492/3€5k-

Income statement Code20232024

Non-recurring operating income76A-€0

Remuneration, social security and pensions62€235k€218k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€75k▼

Other operating charges640/8€813€7k▲

Gross operating margin9900€124k€272k▲

Operating profit (loss)9901€-195k€-28k▲

Financial income75/76B€6k€6k▼

Recurring financial income75€6k€6k▼

Financial charges65/66B€27k€18k▼

Recurring financial charges65€27k€18k▼

Profit (loss) for the period before taxes9903€-216k€-40k▲

Transfer from deferred taxes780€2k€2k=

Income taxes67/77€238€239▲

Profit (loss) for the period9904€-215k€-38k▲

Profit (loss) for the period to be appropriated9905€-215k€-38k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-528k€-568k▼

Profit (loss) brought forward from the previous period14P€-313k€-529k▼

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

Download as CSV

Timeline · acts, filings and financial milestones

All 13Signals 3Financial 1Filings 9

2025

24-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 24 days late

2024

21-11

Judicial reorganisation Plan homologation

Tribunal de l’entreprise francophone de Bruxelles · 20240046 · event 06-11-2024

06-11

Judicial reorganisation Extension

Tribunal de l’entreprise francophone de Bruxelles · collectif · event 08-10-2024

10-07

Judicial reorganisation Opening

Tribunal de l’entreprise francophone de Bruxelles · collectif · event 12-06-2024

24-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 28 days late

2022

31-12

Financial Weakest financial yearnet €-264k

Net result drops to €-264k, the lowest in the series; recovery starts the following year.

12-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 73 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 30 days late

2020

02-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 124 days late

2019

26-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 30 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Brussel · 3 establishment units since 2015

establishment All 3 establishment units on the map

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.

Louizalaan 2311050 Brussel

Ground area

3.6 ha

Building footprint

1.2 ha

Volume, LiDAR

159,465 m³

3 parcels, Brussels, Flanders · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.

3 establishment units

BOXIFY

Louizalaan 231, 1050 ElseneRenting and operating of own or leased non-residential real estate, excluding land

since 20152.246.517.624

BOXIFY

A. Vaucampslaan 42B, 1654 BeerselIntermediation services for non-specialised retail

since 20182.284.200.837

BOXIFY

Weihoek 3, 1930 ZaventemIntermediation services for non-specialised retail

since 20202.302.691.908

3 parcels

Flanders 2 (66.7%) Brussels 1 (33.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23057C0016/00B000	Flanders	1.8 ha	1 · 6,151 m²	11.3 m · 3 fl.
23035A0050/00Y005	Flanders	1.3 ha	1 · 2,000 m²	15.2 m · 4 fl.
21807G0131/00T000	Brussels	5,672 m²	1 · 3,878 m²	45.8 m · 8 fl.