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Bostoen Group

Active Public limited companyfounded 1989active for 37 yearsPauline Van Pottelsberghelaan 22, 9051 GhentKBO/BCE: BE 0437.878.289 subsidiary of MERCURE INTERNATIONAL SA
Heads the group Bostoen Group 9 companies
See the group

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1990
Balance sheet totalpeak €189.2m (2021)
€86.3m▼ 1.6%
Resultlowest -€6.9m (2022)
-€2.8m▲ €136,023
Equitypeak €41.6m (2009)
€20.8m▼ 11.8%
Debts
€65.5m▲ 2.1%
Staffpeak 41.3 FTE (2013)
10.9 FTE▼ 38.4%
Board23 names since 2009all names
3 directorsBOSTOEN Patrick Kristof Daniel and 2 others
Owners2 names in the annual accounts
  
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Loss of €2.8mStaff from 17.7 FTE to 10.9 FTECash from €2.0m to €822

Key points

from the 2025 annual accounts

Equity

€20.8m from €41.6m in 2009

Equity fell by 50% in 16 years.

Losses

-€5.7m in two years
-2.92024-2.82025

The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.

Debts

€65.5m 76% of the balance sheet
Financial debts 98%Suppliers 0%Taxes and wages 0%Other 2%

€7.8m of the debts are secured on the company's own assets. In 2023 that was €4.6m.

Staff

10.9 FTE from 41.3 in 2013

Between 2013 and 2025, 74% of the full-time equivalents disappeared.

Payment terms

63 days to suppliers
Suppliers
96 to 63
Customers
455 to 53

Bostoen Group pays its suppliers 33 days earlier than in 2024. Customers pay 402 days earlier.

Position in the sector

-€2.8m

Lower net result than 95% of companies in real estate. Sector median €20,532 · 5,810 companies.

Checked score

82
Excellent
Financially stronger than 43% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,996 companies (NACE 68, small).

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.5%● unchanged vs 09-2026highest value 11-2026: 0.5%● unchanged vs 10-2026highest value

Financial strength
Average

Solvency
49-3equity 24.1% of total assets
Liquidity
50-3short-term debt 5.9% · cash 0.0%
Profitability
47-1return on assets -3.2%

Score breakdown

raises risk
Liquidity: current ratio 0.95, cash €822, halved
Equity €20.8m (24.1% of total assets)
Loss of €2.8m, the second in a row (financial year 2025)
lowers risk
Legal form: public limited company
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 44% of them on solvency, 53% on liquidity, 46% on profitability and 31% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.95 (0.88 in 2024), below 1. Short-term debt is 5.9% and cash 0% of total assets. 75.9% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.95, cash €822, halved
NBB · annual accounts
raises risk · Equity €20.8m (24.1% of total assets)
NBB · annual accounts
raises risk · Loss of €2.8m, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
28 days early
2024
14 days early
2023
20 days early
2022
21 days early
2021
23 days early
2020
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 22 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

E
Director, Daniëlle Bostoen
VB
VRC BEDRIJFSREVISOREN BV
Auditor
  • MERCURE INTERNATIONAL SA consolidatesannual accounts 2019

Shares in 10 companies, including C.E.J. and NATUURSTEEN CRUL

Board & ownership

Recent changes

Reappointments: Stephan Bostoen (director) and Patrick Bostoen (director) General meeting of 25-06-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0437878289
Environmental permit granted Slopen of verwijderen, Slopen van niet vrijstaande gebouwen of constructies · Gent
1 statutory auditor reappointed, 1 director reappointed VRC Bedrijfsrevisoren BV (statutory auditor) and Ertveld NV · Permanent representative: Daniëlle Bostoen · General meeting of 25-06-2024 · Gazette deed
All 85 events

Comparable companies

same main activity, similar in size and age
Company Turnover EBIT margin Solvency Staff
Bostoen Group Ghent €0.7m 45.6% 24.1% 10.9
VALDEBRIMMO Zandhoven €1.3m -24.7% 70.7% 7.1
VERHELST GROUP Ostend €0.2m - 31.2% 18.8
ALINSO GROUP Ghent €3.0m - 69.0% 15
Ebema Group Zutendaal €2.0m 10.7% 63.1% 7.1
V.Z.M. BEHEER Lommel €1.0m 12.3% 82.0% 7.6
Immo - Sambre Gerpinnes €1.4m -24.7% 1.4% -
-10%0%10%20%€1m€10m€100m€1bnBostoen GroupEBIT margin

Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as Bostoen Group: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €22m and €165m, founded between 1988 and 2007.

Official details

Source: KBO
Status
Active since 28-06-1989Normal situation
Registered office
14 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
Activity
Real estate agency activitiesNACE 68310and 2 others
Joint committees
200Auxiliary committee for white-collar workers
100Auxiliary committee for blue-collar workers · annual accounts 2025
Establishment unit
2.046.666.2479051 Ghent, since 15-09-2000
Financial year end
31 December
Peppol
Reachable since 06-01-2026
Company details

Annual accounts 2025

Operating revenue
€3.3m▼ 12.4%
Total assets
€86.3m▼ 1.6%
Employeeson 31-12-2025
9▼ 50.0%
Filing
Filed on 03-07-2026, 28 days before the end of the filing period
Financials

Companies linked to Bostoen Group

Insights on Bostoen Group

The balance sheet total has fallen every year since 2021.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Bostoen Group

What is the company number of Bostoen Group?
The company number of Bostoen Group is 0437.878.289. The VAT number is the same number with BE in front: BE 0437.878.289.
Where is Bostoen Group based?
The registered office is at Pauline Van Pottelsberghelaan 22, 9051 Ghent.Company details
What does Bostoen Group do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of Bostoen Group?
Bostoen Group is a public limited company (NV).
When was Bostoen Group founded?
Bostoen Group was founded on 28-06-1989.
Is Bostoen Group still active?
Yes, Bostoen Group is an active enterprise in the KBO register.
How many employees does Bostoen Group have?
Bostoen Group had an average of 10.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Bostoen Group fall under?
In its 2025 annual accounts, Bostoen Group states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
What is the turnover of Bostoen Group?
The turnover of Bostoen Group was €679,326 in financial year 2025, according to the filed annual accounts.
Is Bostoen Group profitable?
In financial year 2025, Bostoen Group made a loss of €2.8m.
Where can I find the annual accounts of Bostoen Group?
Bostoen Group filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Bostoen Group due?
Bostoen Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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