BOCO
ActiveSummary
BOCO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-369k) and a net result of €-7k. Equity is shrinking by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 41 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▼-1
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 12.21 against 11.36 in 2024; short-term debt: 8% and cash: 3.5% of total assets), but equity is negative.
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 · 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
-179.1%
Return on assets
-3.3%
Age of the figures
18 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 15
Relative position
BE, all sectors
reference
Sector 15
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222425
2019 to 2025 · latest year €-369k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
4 d late
2022
29 d late
2021
394 d late
2020
82 d late
2019
20 d early
2018
81 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-369k▼ 1.9%
2024 · €-363k
2019: €145k
2020: €-113k
2021: €-112k
2022: €-322k
2024: €-363k
2019 → 2025
Total assets
€206k▼ 3.8%
2024 · €214k
2019: €784k
2020: €463k
2021: €457k
2022: €248k
2024: €214k
2019 → 2025
Net result
€-7k▲ 71.4%
2024 · €-24k
2019: €-309k
2020: €-309k
2021: €1k
2022: €-210k
2024: €-24k
2019 → 2025
Working capital
€185k▼ 1.7%
2024 · €188k
2019: €559k
2020: €251k
2021: €316k
2022: €178k
2024: €188k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€-113k-€-112k▲ 1.0%€-322k▼ 188%€-363k▼ 12.5%€-369k▼ 1.9%
Operating result€-310k-€6k€-209k€-23k▲ 88.8%€-7k▲ 71.4%
Net result€-309k-€1k€-210k€-24k▲ 88.7%€-7k▲ 71.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206k
Fixed assets
€5k ▼ 42.4%
Current assets
€202k ▼ 2.3%
Key figures and ratios
EBITDA
€-3k▼
2024 · €339
Cash flow
€-3k▼
2024 · €152
Solvency
-179.1%▼
2024 · -169.1%
Current ratio
12.21▲
2024 · 11.36
Quick ratio
1.37▼
2024 · 1.51
Debt to equity
-1.56▲
2024 · -1.59
ROA
-3.3%▲
2024 · -11.0%
Interest coverage
-46.77▼
2024 · 1.36
Debt
€575k▼
2024 · €577k
Debt ≤ 1 year
€17k▼
2024 · €18k
Debt > 1 year
€558k=
2024 · €558k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€214k€206k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€206k€202k▼
Stocks and contracts in progress3€179k€179k=
Stocks30/36€179k€179k=
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€12k€13k▲
Other amounts receivable41€588€588=
Current investments50/53€503€503=
Cash at bank and in hand54/58€14k€7k▼
Deferred charges and accrued income490/1€596€1k▲
Equity and liabilities
Total equity and liabilities10/49€214k€206k▼
Equity10/15€-363k€-369k▼
Contributions10/11€155k€155k=
Capital10€155k€155k=
Issued capital100€155k€155k=
Profit (loss) carried forward14€-517k€-524k▼
Amounts payable17/49€577k€575k▼
Amounts payable after more than one year17€558k€558k=
Other amounts payable178/9€558k€558k=
Amounts payable within one year42/48€18k€17k▼
Trade debts44€2k€397▼
Suppliers440/4€2k€397▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€11k€11k▲
Accrued charges and deferred income492/3€235€492▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€3k▼
Other operating charges640/8€981€981=
Gross operating margin9900€3k€-2k▼
Operating profit (loss)9901€-23k€-7k▲
Financial income75/76B€63€0▼
Recurring financial income75€63€0▼
Financial charges65/66B€250€71▼
Recurring financial charges65€250€71▼
Profit (loss) for the period before taxes9903€-24k€-7k▲
Profit (loss) for the period9904€-24k€-7k▲
Profit (loss) for the period to be appropriated9905€-24k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-517k€-524k▼
Profit (loss) brought forward from the previous period14P€-494k€-517k▼
The notes to these accounts (3 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 394 days late
31-03
Financial
Liquidity triplescurrent ratio 17.26
Current ratio from 6.38 to 17.26; short-term debt falls from €59k to €11k.
2021
31-03
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 6.38
Current ratio from 2.94 to 6.38; short-term debt falls from €129k to €59k.
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 82 days late
2020
31-03
Financial
Weakest financial yearnet €-309k
Net result drops to €-309k, the lowest in the series; recovery starts the following year.
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 81 days late
2017
01-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2015
01-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Haaltert · 1 establishment unit since 1992
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.
Oud-dorp(HE) 439450 HaaltertGround area
3,455 m²
Building footprint
2,095 m²
Volume, LiDAR
12,391 m³
Parcel 41025B0014/00P000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oud-dorp(HE) 43, 9450 Haaltert
since 19922.055.960.926
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41025B0014/00P000 | Flanders | 3,455 m² | 1 · 2,095 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
VANO
BE 0426.863.742
Tielt · Eq €142k
WALK 2 IMPROVE
BE 0809.365.624
Beveren-Kruibeke-Zwijndrecht · Eq €185k
Sebert Shoe
BE 0405.442.281
Waregem · Eq €112k
TECONOR
BE 0463.499.652
Stabroek · Eq €220k
MOVE 2 IMPROVE
BE 0809.469.354
Temse · Eq €262k
Of 59 companies in sector 15200 we hold annual accounts for 28. 19 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-01-1992
Fiscal year end31-03
Activities, NACEBEL 2025
15200Manufacture of leather and related products
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.