LE BOULVIN
ActiveLE BOULVIN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-127. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 1303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+5
Solvency92▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.0 in 2024; short-term debt: 33.5% and cash: 22.7% of total assets), and 33.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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 2025Solvency, return and age of the figures
Solvency
66.5%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
12 d late
2023
26 d late
2022
17 d late
2021
29 d late
2020
30 d late
2019
53 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 0.3%
2024 · €41k
2018: €18k
2019: €28k
2020: €37k
2021: €44k
2022: €41k
2023: €42k
2024: €41k
2018 → 2025
Total assets
€61k▼ 0.5%
2024 · €62k
2018: €56k
2019: €54k
2020: €54k
2021: €54k
2022: €59k
2023: €60k
2024: €62k
2018 → 2025
Net result
€-127▲ 85.7%
2024 · €-883
2018: €7k
2019: €10k
2020: €8k
2021: €7k
2022: €-3k
2023: €1,000
2024: €-883
2018 → 2025
Working capital
€1k▲ 1,460%
2024 · €87
2018: €-36k
2019: €-24k
2020: €-13k
2021: €-2k
2022: €-5k
2023: €-1k
2024: €87
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€41k▼ 7.4%€42k▲ 2.5%€41k▼ 2.1%€41k▼ 0.3%
Operating result€8k-€-2k€2k€561▼ 77.2%€1k▲ 164%
Net result€7k-€-3k€1,000€-883€-127▲ 85.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 164% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€39k▼ 3.4%
Current assets
€22k▲ 5.3%
Equity and liabilities €61k
Equity
€41k▼ 0.3%
Debt
€21k▼ 0.8%
The debt ratio falls from 33.6% to 33.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▲
2024 · €3k
Cash flow
€2k▲
2024 · €1k
Solvency
66.5%▲
2024 · 66.4%
Current ratio
1.07▲
2024 · 1.00
Quick ratio
1.07▲
2024 · 1.00
Debt / equity
0.50▼
2024 · 0.51
ROE
-0.3%▲
2024 · -2.2%
ROA
-0.2%▲
2024 · -1.4%
Interest coverage
2.37▲
2024 · 1.91
Debt
€21k▼
2024 · €21k
Debt ≤ 1 year
€21k▼
2024 · €21k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€62k€61k▼
Fixed assets21/28€41k€39k▼
Tangible fixed assets22/27€40k€39k▼
Land and buildings22€40k€38k▼
Plant, machinery and equipment23-€814
Financial fixed assets28€593€593=
Current assets29/58€21k€22k▲
Amounts receivable within one year40/41€7k€8k▲
Other amounts receivable41€7k€8k▲
Cash at bank and in hand54/58€14k€14k▼
Equity and liabilities
Total equity and liabilities10/49€62k€61k▼
Equity10/15€41k€41k▼
Contributions10/11€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€3k€3k=
Profit (loss) carried forward14€18k€18k▼
Amounts payable17/49€21k€21k▼
Amounts payable within one year42/48€21k€21k▼
Financial debts43€10k€11k▲
Credit institutions430/8€10k€11k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€193€186▼
Taxes450/3€193€186▼
Other amounts payable47/48€9k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€4k€5k▲
Operating profit (loss)9901€561€1k▲
Financial income75/76B-€20
Recurring financial income75-€20
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-883€-127▲
Profit (loss) for the period9904€-883€-127▲
Profit (loss) for the period to be appropriated9905€-883€-127▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€18k▼
Profit (loss) brought forward from the previous period14P€19k€18k▼
The notes to these accounts (6 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €1,000
Net result €1,000 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €-3k ▼144%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Highest result since 2018net €10k ▲50.2%
Operating result €12k, net result €10k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Saint-Hubert · 1 establishment unit since 1995
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.
Place du Marché 256870 Saint-HubertGround area
653 m²
Building footprint
146 m²
Volume, LiDAR
1,255 m³
2 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
le Saut du Cerf
since 19952.048.507.663
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84041A0139/00N000 | Wallonia | 533 m² | 1 · 93 m² | 9.3 m · 3 fl. |
| 84059A0541/00D000 | Wallonia | 120 m² | 1 · 53 m² | 12.7 m · 3 fl. |
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.
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Of 3,000 companies in sector 55203 we hold annual accounts for 690. 483 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded23-05-1990
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
55232
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.