Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
BOFAM from Gent, company number BE0444626620, closed financial year 2024 with a result of € 82,848 after tax. For that financial year BOFAM recorded a gross margin of € 196,328 and equity of € 941,854. Compared with financial year 2023, the result moved from € -1,094 to € 82,848. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2025.
€ 941,854
▲ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 82,848
▲ still € 1,094 loss in 2023
Profit after tax over the fiscal year.
€ 30,454
▼ 39% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 427,675.
Debts at end 2024
€ 225,000
Loans from banks and other lenders, long and short.
€ 13,743
▼ 7% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 88,191 | € 147,914 | € 83,740 | € 196,328 | ▲ 134% |
| Profit after taxes | € 4,554 | € 47,999 | € -1,094 | € 82,848 | ▲ € 83,942 |
| Equity | € 792,062 | € 842,675 | € 859,006 | € 941,854 | ▲ 10% |
| Total debts | € 630,553 | € 543,317 | € 475,465 | € 305,783 | ▼ 36% |
| Cash | € 27,979 | € 58,220 | € 49,564 | € 30,454 | ▼ 39% |
| Land & buildings | € 1,324,729 | € 1,250,917 | € 1,202,352 | € 1,139,774 | ▼ 5% |
| Retained profit | € 277,884 | € 328,497 | € 344,827 | € 427,675 | ▲ 24% |
| Bank debt | € 225,000 | € 225,000 | € 225,000 | € 225,000 | |
| Balance sheet total | € 1,490,701 | € 1,450,688 | € 1,376,178 | € 1,287,355 | ▼ 6% |
Key figures of BOFAM, 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 BOFAM?
What happened at BOFAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hendrik Boelens stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 82,848. Source: NBB ↗
- Hendrik Boelens became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,554 profit in 2021 to € 82,848 profit in 2024.
Paid € 34,802 in corporate taxes since 2021.
Best year ever: 2024, with € 82,848 profit.
Management
Directors
According to the 2024 annual accounts
Hendrik Boelens
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Langeplankstraat 25
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0444.626.620
- VAT number
- BE 0444.626.620
- Registered office
- Langeplankstraat 25, 9052 Gent
- Names & denominations
- BOFAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1991
- Peppol
- Active · Active since 5 Sept 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen