Skip to content

Henri BOULANGER

Active
Private limited company (pre-2019)founded 1983active for 42 yearsParc Industriel, Dochamps 9 b, 6960 Manhay, BelgiumKBO/BCE: BE 0424.809.916

From the official registers: KBO 41 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Henri BOULANGER is 3.4% (moderate). The 2025 annual accounts show negative equity (-€6,369) and a net result of -€19,923. Equity has been stable since 2018 (±1.1% per year). Its solvency ranks better than 8% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 01-12-1983 Normal situation
Activity
Joinery installation NACE 43320
Establishment unit
2.023.684.076 6960 Manhay, since 01-12-1983
Financial year end
31 December
Peppol
Reachable since 28-04-2026

Board and ownership

Financial position

47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.4%
Annual accounts 2025
Gross margin
-€26,533
▼ 439%
Loss
€19,923
▲ 627%
Equity
-€6,369
Total assets
€89,760
▲ 25.6%
Turnover not published (micro format)
Filed on 14-09-2026, 45 days after the deadlineat the National Bank
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Loss of €19,923, the second in a row (financial year 2025)Negative equity -€6,369lowers riskSize: total assets €89,760Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 5% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 18-26
equity -7.1% of total assets
Liquidity 11-1
short-term debt 99.9% · cash 9.0%
Profitability 0-14
return on assets -22.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025lowest value 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.6%▲ +0.5 percentage points vs 07-2025 09-2025: 1.8%▲ +0.2 percentage points vs 08-2025 10-2025: 2.4%▲ +0.6 percentage points vs 09-2025 11-2025: 2.5%▲ +0.1 percentage points vs 10-2025 12-2025: 3.3%▲ +0.8 percentage points vs 11-2025 01-2026: 2.2%▼ -1.1 percentage points vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 2.2%● unchanged vs 02-2026 04-2026: 2.2%● unchanged vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.1%▼ -0.1 percentage points vs 05-2026 07-2026: 2.3%▲ +0.2 percentage points vs 06-2026 08-2026: 3.0%▲ +0.7 percentage points vs 07-2026 09-2026: 3.4%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 3.4%● unchanged vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.79 (1.33 in 2024), below 1. Short-term debt is 99.9% and cash 9% of total assets. Equity is negative.
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 43, micro). It does better than 7% of them on solvency, 7% on liquidity, 4% on profitability and 2% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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 check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €89,760
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Loss of €19,923, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€6,369
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€6,369
raises risk · 2025 accounts filed 45 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
45 days late
2024
120 days late
2023
65 days late
2022
31 days late
2021
121 days late
2020
89 days late
2019
59 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 76 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 5 October (4 of the last 5 accounts filed within 54 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 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

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€6,369 View
  • Caution: Less equity than 92% of companies in specialised constructionsector median €57,811 · 34,914 companies -€6,369 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€19,923 View

Comparable companies

These companies have the same main activity as Henri BOULANGER: joinery installation (NACE 43320). They are comparable in size and age: total assets between €72,100 and €95,300, founded between 1977 and 1991.

CompanyTotal assetsGross margin
Henri BOULANGER Manhay€89,760-€26,533
VEKAMP Affligem€82,650-€9,456
E.G.E.C.O. Oreye€79,260€159
ETS MERSCH Sankt Vith€72,117-€758
SCHRIJNWERKERIJ VANHOOF Dilsen-Stokkem€80,403-€3,838
B3BACX Hasselt€95,339-€2,775
M.J. MENUISERIE GENERALE Mons€73,772-€17,864
Full comparison

Documents

Annual accounts at the NBB

All 41 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Henri BOULANGER

What is the company number of Henri BOULANGER?
The company number of Henri BOULANGER is 0424.809.916. The VAT number is the same number with BE in front: BE 0424.809.916.
Where is Henri BOULANGER based?
The registered office is at Parc Industriel, Dochamps 9 b, 6960 Manhay.Company details
What does Henri BOULANGER do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of Henri BOULANGER?
The legal form of Henri BOULANGER is Private limited company (pre-2019) (BVBA).
When was Henri BOULANGER founded?
Henri BOULANGER was founded on 01-12-1983.
Is Henri BOULANGER still active?
Yes, Henri BOULANGER is an active enterprise in the KBO register.
What is the turnover of Henri BOULANGER?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2020 turnover was €19,391.Financials
Is Henri BOULANGER profitable?
In financial year 2025, Henri BOULANGER made a loss of €19,923.
Where can I find the annual accounts of Henri BOULANGER?
Henri BOULANGER filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Henri BOULANGER due?
Henri BOULANGER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.