BOFLEX
ActiveBOFLEX has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.67M and a net result of €-192k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 87% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-2
Solvency100=
Growth32▼-1
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days only on tighter terms
Liquidity ample (current ratio 4.0 against 4.17 in 2024), and 22.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
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
77.4%
Return on assets
-8.9%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€192k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
30 d early
2023
28 d early
2022
47 d early
2021
11 d early
2020
37 d early
2019
12 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.96M▼ 5.3%
2024 · €5.24M
2018: €5.10M
2019: €4.80M
2020: €3.99M
2021: €4.93M
2022: €4.33M
2023: €5.59M
2024: €5.24M
2018 → 2025
EBIT margin
-4.6%▼ 1.2pp
2024 · -3.5%
2018: -4.5%
2019: -19.9%
2020: 4.5%
2021: 6.8%
2022: 3.3%
2023: 1.5%
2024: -3.5%
2018 → 2025
Net result
€-192k▼ 39.4%
2024 · €-138k
2018: €34k
2019: €-950k
2020: €375k
2021: €352k
2022: €954k
2023: €165k
2024: €-138k
2018 → 2025
Working capital
€1.28M▼ 7.1%
2024 · €1.38M
2018: €1.94M
2019: €1.07M
2020: €781k
2021: €900k
2022: €1.10M
2023: €1.53M
2024: €1.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.93M-€4.33M▼ 12.1%€5.59M▲ 28.9%€5.24M▼ 6.2%€4.96M▼ 5.3%
Equity€1.18M-€2.13M▲ 81.0%€2.00M▼ 6.3%€1.86M▼ 6.9%€1.67M▼ 10.3%
Operating result€334k-€144k▼ 57.0%€83k▼ 42.4%€-181k€-230k▼ 26.6%
Net result€352k-€954k▲ 171%€165k▼ 82.7%€-138k€-192k▼ 39.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €230k in 2025 against €181k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.15M
Fixed assets
€441k▼ 17.0%
Current assets
€1.71M▼ 5.8%
Equity and liabilities €2.15M
Equity
€1.67M▼ 10.3%
Provisions
€47k▲ 7.1%
Debt
€440k▼ 1.7%
The debt ratio rises from 19.0% to 20.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-150k▼
2024 · €-97k
Cash flow
€-113k▼
2024 · €-53k
Solvency
77.4%▼
2024 · 79.1%
Current ratio
4.00▼
2024 · 4.17
Quick ratio
3.67▼
2024 · 3.81
Debt / equity
0.26▲
2024 · 0.24
ROE
-11.5%▼
2024 · -7.4%
ROA
-8.9%▼
2024 · -5.9%
Interest coverage
-10.99▼
2024 · -8.15
Debt
€440k▼
2024 · €447k
Debt ≤ 1 year
€429k▼
2024 · €437k
Debt > 1 year
€3k=
2024 · €3k
Income taxes
€2k▲
2024 · €2k
Staff costs
€1.25M▲
2024 · €1.20M
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€2.35M€2.15M▼
Fixed assets21/28€531k€441k▼
Tangible fixed assets22/27€530k€440k▼
Land and buildings22€343k€324k▼
Plant, machinery and equipment23€27k€22k▼
Furniture and vehicles24€86k€52k▼
Other tangible fixed assets26€75k€42k▼
Financial fixed assets28€722€722=
Other financial fixed assets284/8€722€722=
Amounts receivable and cash guarantees285/8€722€722=
Current assets29/58€1.82M€1.71M▼
Stocks and contracts in progress3€157k€141k▼
Stocks30/36€157k€141k▼
Raw materials and consumables30/31€87k€90k▲
Finished goods33€70k€50k▼
Amounts receivable within one year40/41€446k€217k▼
Trade receivables40€395k€217k▼
Other amounts receivable41€51k€674▼
Current investments50/53€650k€650k=
Other investments51/53€650k€650k=
Cash at bank and in hand54/58€514k€676k▲
Deferred charges and accrued income490/1€53k€29k▼
Equity and liabilities
Total equity and liabilities10/49€2.35M€2.15M▼
Equity10/15€1.86M€1.67M▼
Contributions10/11€744k€744k=
Capital10€744k€744k=
Issued capital100€744k€744k=
Reserves13€195k€195k=
Non-distributable reserves130/1€74k€74k=
Legal reserve130€74k€74k=
Distributable reserves133€121k€121k=
Profit (loss) carried forward14€921k€729k▼
Provisions and deferred taxes16€44k€47k▲
Provisions for liabilities and charges160/5€44k€47k▲
Pensions and similar obligations160€16k€17k▲
Other liabilities and charges164/5€28k€29k▲
Amounts payable17/49€447k€440k▼
Amounts payable after more than one year17€3k€3k=
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€437k€429k▼
Trade debts44€93k€136k▲
Suppliers440/4€93k€136k▲
Advances received on contracts in progress46€208k€147k▼
Taxes, remuneration and social security45€136k€146k▲
Taxes450/3€21k€37k▲
Remuneration and social security454/9€115k€109k▼
Accrued charges and deferred income492/3€8k€8k▲
Income statement
Code20242025
Operating income70/76A€5.35M€5.02M▼
Turnover70€5.24M€4.96M▼
Change in stocks of work in progress, finished goods and contracts in progress71€34k€-19k▼
Other operating income74€64k€65k▲
Non-recurring operating income76A€11k€7k▼
Operating charges60/66A€5.53M€5.25M▼
Goods for resale, raw materials and consumables60€3.38M€3.15M▼
Purchases600/8€3.39M€3.15M▼
Change in stocks: decrease (increase)609€-14k€-4k▲
Services and other goods61€755k€772k▲
Remuneration, social security and pensions62€1.20M€1.25M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€79k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€72k€-71k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€8k€3k▼
Other operating charges640/8€33k€65k▲
Non-recurring operating charges66A€0€2k▲
Operating profit (loss)9901€-181k€-230k▼
Financial income75/76B€64k€60k▼
Recurring financial income75€64k€60k▼
Income from current assets751€16k€14k▼
Other financial income752/9€49k€45k▼
Non-recurring financial income76B€0-
Financial charges65/66B€19k€20k▲
Recurring financial charges65€19k€20k▲
Debt charges650€12k€14k▲
Other financial charges652/9€7k€7k▼
Profit (loss) for the period before taxes9903€-136k€-190k▼
Income taxes67/77€2k€2k▲
Taxes670/3€2k€2k▲
Tax adjustments and reversals of tax provisions77-€5
Profit (loss) for the period9904€-138k€-192k▼
Profit (loss) for the period to be appropriated9905€-138k€-192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€921k€729k▼
Profit (loss) brought forward from the previous period14P€1.06M€921k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908718.217.9▼
The notes to these accounts (53 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €954k ▲171%
Net result €954k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.19
Current ratio from 1.99 to 4.19; short-term debt falls from €911k to €343k.
31-12
Financial
Equity above €2MEq €2.13M ▲81%
3 profitable years in a row build equity to €2.13M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €375k
Net result €375k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 12 days late
2019
31-12
Financial
Weakest financial yearnet €-950k ▼2856%
Net result drops to €-950k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Hasselt · 3 establishment units since 1989
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.
Genkersteenweg 3133500 HasseltGround area
1.1 ha
Building footprint
4,812 m²
Volume, LiDAR
28,855 m³
3 parcels, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
NV BOFLEX
since 19892.041.647.585
VETTENBURG
since 20232.348.601.711
Bostore
since 20232.348.601.810
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0833/00S000 | Flanders | 5,729 m² | 1 · 3,122 m² | 8.3 m · 2 fl. |
| 24066B0337/00M004 | Flanders | 3,155 m² | 1 · 1,023 m² | 11.5 m · 1 fl. |
| 44064B0093/00C000 | Flanders | 2,128 m² | 1 · 667 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 3,599 EUR awarded · 3,599 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 170 EUR | 170 EUR |
| 2023 | 1 | 3,429 EUR | 3,429 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
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Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 3,202 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1988
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.