Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
BOEL from Watermaal-Bosvoorde, company number BE0427378931, closed financial year 2024 with a result of € -161,959 after tax. For that financial year BOEL recorded a gross margin of € 310,462 and equity of € -702,745. Compared with financial year 2023, the result moved from € -237,216 to € -161,959. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2025.
€ -702,745
▼ € 161,959 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -161,959
▲ 32 % less loss than in 2023
Profit after tax over the fiscal year.
€ 3,172
▼ 78% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -730,013.
People and assets in 2024
8.7
▲ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 420,878
▼ 1% vs 2023
€ 48,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,507
▼ 43% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 170,015
▲ 266% vs 2023
Loans from banks and other lenders, long and short.
€ 108,088
▲ 118% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 151,648
▲ 5% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 139,395 | € 635,746 | € 233,215 | € 310,462 | ▲ 33% |
| Profit after taxes | € -217,529 | € 276,640 | € -237,216 | € -161,959 | ▲ € 75,256 |
| Equity | € -515,209 | € -400,006 | € -540,785 | € -702,745 | ▼ € 161,959 |
| Total debts | € 990,391 | € 581,944 | € 680,478 | € 810,214 | ▲ 19% |
| Cash | € 22,047 | € 73,851 | € 14,218 | € 3,172 | ▼ 78% |
| Land & buildings | € 240,021 | - | - | - | |
| Retained profit | € -685,322 | € -408,682 | € -568,054 | € -730,013 | ▼ € 161,959 |
| Bank debt | € 26,743 | € 6,980 | € 46,456 | € 170,015 | ▲ 266% |
| Balance sheet total | € 475,182 | € 181,939 | € 139,693 | € 107,469 | ▼ 23% |
| Employees (FTE) | 7.2 | 7 | 8.5 | 8.7 | ▲ 0.2 |
Key figures of BOEL, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BOEL?
What happened at BOEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 161,959. filed late Source: NBB ↗
- New establishment in Anderlecht. KBO
- New establishment in Anderlecht. KBO
- New establishment in Elsene. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- New establishment in Watermaal-Bosvoorde. KBO
- New establishment in Sint-Pieters-Woluwe. KBO
In short
From € 217,529 loss in 2021 to € 161,959 loss in 2024.
Paid € 721 in corporate taxes since 2021.
Best year ever: 2022, with € 276,640 profit.
On average € 35,700 of value added per employee in 2024.
Management
Behind BOEL are d'Eletto CONCETTA, Nicola BARATTUCCI, Emmanuel BARATTUCCI and David BARATTUCCI. The shares are held by NICO HOLDING (100%).
Directors
According to the 2024 annual accounts
d'Eletto CONCETTA
Director
Nicola BARATTUCCI
Director
Emmanuel BARATTUCCI
Director
David BARATTUCCI
Director
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Middelburgstraat 83
1170 Watermaal-Bosvoorde
Meiersplein 3
1150 Sint-Pieters-Woluwe
Active since 1 July 1985
Terkamerenlaan 34
1000 Brussel
Active since 9 June 2008
Gootstraat 25
1000 Brussel
Active since 9 June 2008
Elsense Steenweg 325-327
1050 Elsene
Active since 15 September 2019
Ninoofse Steenweg 588
1070 Anderlecht
Active since 26 June 2023
Bergense Steenweg 797
1070 Anderlecht
Active since 26 June 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.378.931
- VAT number
- BE 0427.378.931
- Registered office
- Middelburgstraat 83, 1170 Watermaal-Bosvoorde
- Names & denominations
- BOEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 1985
- Peppol
- Active · Active since 9 Apr 2025
- Contact
- [email protected]
- Activities · NACE
Autorijscholen
Activiteiten van auto- en motorrijscholen