ETABLISSEMENTS BOUTON
ActiveSummary
ETABLISSEMENTS BOUTON has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.32M and a net result of €120k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-15
Solvency60▼-29
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 2.53 in 2024; short-term debt: 61.5% and cash: 6.8% of total assets), and 65.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
3.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
34 d early
2022
17 d early
2021
31 d early
2020
24 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€120k▼ 57.6%
2024 · €284k
2018: €181k
2019: €266k
2020: €56k
2021: €319k
2022: €235k
2023: €249k
2024: €284k
2018 → 2025
Working capital
€309k▼ 70.0%
2024 · €1.03M
2018: €226k
2019: €471k
2020: €509k
2021: €626k
2022: €683k
2023: €768k
2024: €1.03M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€641k-€725k▲ 13.2%€915k▲ 26.1%€1.20M▲ 31.1%€1.32M▲ 10.0%
Operating result€430k-€319k▼ 25.9%€342k▲ 7.3%€406k▲ 18.6%€196k▼ 51.7%
Net result€319k-€235k▼ 26.4%€249k▲ 6.2%€284k▲ 13.9%€120k▼ 57.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.81M
Fixed assets
€1.16M ▲ 558%
Current assets
€2.65M ▲ 55.6%
Equity and liabilities €3.81M
Equity
€1.32M ▲ 10.0%
Debt
€2.49M ▲ 266%
Debt's share of the balance-sheet total rises from 36.2% to 65.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€354k▼
2024 · €451k
Cash flow
€278k▼
2024 · €329k
Current ratio
1.13▼
2024 · 2.53
Quick ratio
0.92▼
2024 · 2.04
Debt to equity
1.89▲
2024 · 0.57
ROE
9.1%▼
2024 · 23.7%
ROA
3.2%▼
2024 · 15.1%
Interest coverage
13.83▼
2024 · 32.43
Debt ≤ 1 year
€2.34M▲
2024 · €673k
Debt > 1 year
€146k▲
2024 · €5k
Income taxes
€61k▼
2024 · €102k
Staff costs
€1.53M▲
2024 · €601k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.88M€3.81M▲
Fixed assets21/28€176k€1.16M▲
Intangible fixed assets21€8k€2k▼
Tangible fixed assets22/27€162k€1.12M▲
Land and buildings22€2k€612k▲
Plant, machinery and equipment23€105k€224k▲
Furniture and vehicles24€55k€153k▲
Leasing and similar rights25-€131k
Financial fixed assets28€6k€34k▲
Current assets29/58€1.70M€2.65M▲
Stocks and contracts in progress3€329k€504k▲
Stocks30/36€329k€504k▲
Amounts receivable within one year40/41€1.19M€1.84M▲
Trade receivables40€904k€1.71M▲
Other amounts receivable41€283k€130k▼
Cash at bank and in hand54/58€173k€257k▲
Deferred charges and accrued income490/1€14k€47k▲
Equity and liabilities
Total equity and liabilities10/49€1.88M€3.81M▲
Equity10/15€1.20M€1.32M▲
Contributions10/11€25k€112k▲
Revaluation surpluses12-€540k
Reserves13€11k€81k▲
Non-distributable reserves130/1-€12k
Reserves not available under the articles1311-€10k
Financial assistance1313-€2k
Tax-exempt reserves132€8k€69k▲
Distributable reserves133€2k-
Profit (loss) carried forward14€1.16M€586k▼
Amounts payable17/49€680k€2.49M▲
Amounts payable after more than one year17€5k€146k▲
Financial debts170/4€5k€146k▲
Amounts payable within one year42/48€673k€2.34M▲
Current portion of amounts payable after more than one year42€12k€71k▲
Financial debts43€10k€109k▲
Credit institutions430/8-€109k
Other loans439€10k-
Trade debts44€318k€760k▲
Suppliers440/4€318k€760k▲
Taxes, remuneration and social security45€81k€42k▼
Taxes450/3€34k-
Remuneration and social security454/9€47k€42k▼
Other amounts payable47/48€252k€1.36M▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€601k€1.53M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€158k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€60-
Other operating charges640/8€10k€29k▲
Non-recurring operating charges66A-€101k
Gross operating margin9900€1.06M€2.02M▲
Operating profit (loss)9901€406k€196k▼
Financial income75/76B€297€10k▲
Recurring financial income75€297€10k▲
Financial charges65/66B€19k€26k▲
Recurring financial charges65€14k€26k▲
Non-recurring financial charges66B€6k-
Profit (loss) for the period before taxes9903€386k€181k▼
Income taxes67/77€102k€61k▼
Profit (loss) for the period9904€284k€120k▼
Profit (loss) for the period to be appropriated9905€284k€120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.16M€1.08M▼
Profit (loss) brought forward from the previous period14P€879k€963k▲
Profit to be distributed694/7-€497k
Other beneficiaries697-€497k
Social balance
Average headcount (FTE)908714.030.6▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1MEq €1.20M ▲31.1%
7 profitable years in a row build equity to €1.20M.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €319k ▲474%
Operating result €430k, net result €319k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €56k ▼79.1%
Net result drops to €56k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €513k ▲11.8%
3 profitable years in a row build equity to €513k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Equity above €200kEq €459k ▲136%
2 profitable years in a row build equity to €459k.
Show earlier events
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Charleroi · 1 establishment unit since 1977
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.
Rue Champeau 556061 CharleroiGround area
5,355 m²
Building footprint
1,424 m²
Volume, LiDAR
772 m³
2 parcels, Wallonia · tallest building 8.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route de Trazegnies 250, 6031 Charleroi
since 19772.014.066.824
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52047B0011/00C000 | Wallonia | 2,900 m² | 1 · 102 m² | 8.3 m · 3 fl. |
| 52049C0878/00Z003 | Wallonia | 2,455 m² | 1 · 1,321 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesETABLISSEMENTS BOUTON SRL36866
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Of 908 companies in sector 25120 we hold annual accounts for 677. 467 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-1977
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:contact@etsbouton.be