Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 66.8 to 59.5.
Financials
Financial year 2025
GB BOUCHERIE from Izegem, company number BE0457578890, closed financial year 2025 with a result of € -3 million after tax. For that financial year GB BOUCHERIE recorded revenue of € 20.6 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € -4.3 million to € -3 million. The company made a loss. The buffer shrank hard: equity is 56 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 2.3 million
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3 million
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 273,120
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
59.5
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.7 million
▼ 4% vs 2024
€ 112,600 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.
€ 171,389
▲ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.8 million
▲ 6% vs 2024
€ 58,956 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.3 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 1 million
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 25,622,170 | € 28,123,861 | € 27,591,694 | € 20,605,557 | ▼ 25% |
| Profit after taxes | € 322,518 | € 81,173 | € -4,271,250 | € -2,961,300 | ▲ € 1.3 million |
| Equity | € 9,432,578 | € 9,513,751 | € 5,242,501 | € 2,281,201 | ▼ 56% |
| Total debts | € 15,344,837 | € 16,418,880 | € 14,796,002 | € 18,264,331 | ▲ 23% |
| Cash | € 351,473 | € 597,492 | € 273,919 | € 273,120 | |
| Retained profit | € 5,432,578 | € 5,513,751 | € 1,242,501 | € -1,718,799 | ▼ € 3 million |
| Bank debt | € 4,365,782 | € 4,806,812 | € 7,350,444 | € 7,776,785 | ▲ 6% |
| Balance sheet total | € 24,971,610 | € 26,318,322 | € 20,216,906 | € 20,861,763 | ▲ 3% |
| Employees (FTE) | 68 | 66.8 | 63.1 | 59.5 | ▼ 3.6 |
Key figures of GB BOUCHERIE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GB BOUCHERIE?
What happened at GB BOUCHERIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3 million. Source: NBB ↗
- Leonel Boucherie stepped down as director. NBB
- New establishment in Izegem. KBO
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 322,518 profit in 2022 to € 3 million loss in 2025.
Paid € 39,623 in corporate taxes since 2022.
Best year ever: 2022, with € 322,518 profit.
Pays suppliers within 44 days on average.
Management
The stake of B.B.M. II comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GB BOUCHERIEBehind GB BOUCHERIE are Maseka BV and Bart Boucherie. The shares are held by B.B.M. II (100%).
Directors
According to the 2025 annual accounts
Bart Boucherie
Managing director
Also active at: FIRMA G.B. BOUCHERIE, Macome, G.B.O. GEREEDSCHAPPEN, BOUTECH, SUBCON, L.B.I., SPIRIT, B.B.M. II +1 more
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stuivenbergstraat 106
8870 Izegem
Ambachtenstraat 35
8870 Izegem
Active since 1 April 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →FIRMA G.B. BOUCHERIE same network
€ 149,994 revenue · 2025
Macome same network
€ 2.9 million revenue · 2025
G.B.O. GEREEDSCHAPPEN same network
€ 68,145 revenue · 2025
SUBCON same network
€ 3.4 million revenue · 2025
L.B.I. same network
€ 3.1 million revenue · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0457.578.890
- VAT number
- BE 0457.578.890
- Registered office
- Stuivenbergstraat 106, 8870 Izegem
- Names & denominations
- GB BOUCHERIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1996
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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