Equity
Equity fell by 50% in 16 years.
Equity fell by 50% in 16 years.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
€7.8m of the debts are secured on the company's own assets. In 2023 that was €4.6m.
Between 2013 and 2025, 74% of the full-time equivalents disappeared.
Bostoen Group pays its suppliers 33 days earlier than in 2024. Customers pay 402 days earlier.
Lower net result than 95% of companies in real estate. Sector median €20,532 · 5,810 companies.
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).
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).
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
Shares in 10 companies, including C.E.J. and NATUURSTEEN CRUL
Board & ownership| 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% | - |
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.
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.
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