WARD BOERJAN
ActiveThe computed 12-month bankruptcy probability of WARD BOERJAN is 1.6% (moderate). The 2025 annual accounts show equity of €279k and a net result of €33k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 27711 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 5.5 against 4.63 in 2024; short-term debt: 16.1% and cash: 81.2% of total assets), and 20.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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
79.2%
Return on assets
9.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
152 d late
2023
142 d late
2022
153 d late
2021
92 d late
2020
109 d late
2019
123 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
€279k▲ 13.4%
2024 · €246k
2019: €31k
2020: €66k
2021: €120k
2022: €156k
2023: €173k
2024: €246k
2019 → 2025
Total assets
€352k▲ 7.8%
2024 · €326k
2019: €143k
2020: €170k
2021: €205k
2022: €253k
2023: €231k
2024: €326k
2019 → 2025
Net result
€33k▼ 54.6%
2024 · €73k
2019: €18k
2020: €35k
2021: €54k
2022: €36k
2023: €17k
2024: €73k
2019 → 2025
Working capital
€255k▲ 19.8%
2024 · €213k
2019: €-8k
2020: €69k
2021: €121k
2022: €145k
2023: €161k
2024: €213k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€156k▲ 30.1%€173k▲ 10.6%€246k▲ 42.1%€279k▲ 13.4%
Operating result€68k-€47k▼ 31.5%€22k▼ 53.4%€98k▲ 351%€47k▼ 52.5%
Net result€54k-€36k▼ 33.3%€17k▼ 53.9%€73k▲ 338%€33k▼ 54.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352k
Fixed assets
€40k▼ 26.9%
Current assets
€312k▲ 14.8%
Equity and liabilities €352k
Equity
€279k▲ 13.4%
Debt
€73k▼ 9.2%
The debt ratio falls from 24.7% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▼
2024 · €115k
Cash flow
€48k▼
2024 · €90k
Solvency
79.2%▲
2024 · 75.3%
Current ratio
5.50▲
2024 · 4.63
Quick ratio
5.15▲
2024 · 4.10
Debt / equity
0.26▼
2024 · 0.33
ROE
11.9%▼
2024 · 29.6%
ROA
9.4%▼
2024 · 22.3%
Interest coverage
54.10▼
2024 · 71.45
Debt
€73k▼
2024 · €81k
Debt ≤ 1 year
€57k▼
2024 · €59k
Debt > 1 year
€17k▼
2024 · €22k
Income taxes
€13k▼
2024 · €24k
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€326k€352k▲
Fixed assets21/28€55k€40k▼
Tangible fixed assets22/27€55k€40k▼
Plant, machinery and equipment23€1k€605▼
Furniture and vehicles24€53k€39k▼
Current assets29/58€272k€312k▲
Stocks and contracts in progress3€31k€20k▼
Stocks30/36€31k€20k▼
Amounts receivable within one year40/41€32k€6k▼
Trade receivables40€17k€6k▼
Other amounts receivable41€15k€0▼
Cash at bank and in hand54/58€208k€286k▲
Deferred charges and accrued income490/1€634€524▼
Equity and liabilities
Total equity and liabilities10/49€326k€352k▲
Equity10/15€246k€279k▲
Contributions10/11€12k€12k=
Reserves13€233k€266k▲
Distributable reserves133€233k€266k▲
Amounts payable17/49€81k€73k▼
Amounts payable after more than one year17€22k€17k▼
Financial debts170/4€22k€17k▼
Amounts payable within one year42/48€59k€57k▼
Current portion of amounts payable after more than one year42€11k€5k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€18k€19k▲
Taxes450/3€17k€19k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€24k€31k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€521€666▲
Gross operating margin9900€116k€62k▼
Operating profit (loss)9901€98k€47k▼
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€97k€46k▼
Income taxes67/77€24k€13k▼
Profit (loss) for the period9904€73k€33k▼
Profit (loss) for the period to be appropriated9905€73k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€33k▼
Transfer to equity691/2€73k€33k▼
To other reserves6921€73k€33k▼
The notes to these accounts (5 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 · micro schema · 31 days late
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 152 days late
2024
31-12
Financial
Highest result since 2019net €73k ▲338%
Operating result €98k, net result €73k, both a record.
31-12
Financial
Equity above €200kEq €246k ▲42.1%
6 profitable years in a row build equity to €246k.
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
31-12
Financial
Weakest financial yearnet €17k ▼53.9%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Equity above €150kEq €156k ▲30.1%
4 profitable years in a row build equity to €156k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Equity above €100kEq €120k ▲82.2%
3 profitable years in a row build equity to €120k.
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.95
Current ratio from 0.93 to 1.95; short-term debt falls from €112k to €72k.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Damme · 1 establishment unit since 2018
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.
Vissersstraat 1358340 DammeGround area
928 m²
Building footprint
464 m²
Volume, LiDAR
2,547 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WARD BOERJAN
since 20182.283.397.123
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0524/00M002indicative | Flanders | 514 m² | - | - |
| 31019A0651/00C002 | Flanders | 415 m² | 1 · 464 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MEEUS HOUTCONSTRUCTIES
BE 0535.950.833
Retie · Eq €279k
ESPACE PLACARDS &DRESSING
BE 0880.016.959
Walcourt · Eq €279k
NIRVAN
BE 0823.797.640
Gent · Eq €278k
ROGGHE
BE 0412.430.439
Torhout · Eq €279k
DEMAZY Max
BE 0831.713.830
Assesse · Eq €278k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,993 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.