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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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Boxwood Consulting from Walhain, company number BE0545880267, closed financial year 2024 with a result of € 289,595 after tax. For that financial year Boxwood Consulting recorded a gross margin of € 92,472 and equity of € 232,282. Compared with financial year 2023, the result moved from € 80,982 to € 289,595. 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 August 27, 2025.
€ 232,282
▲ 97% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 289,595
▲ 258% vs 2023
Profit after tax over the fiscal year.
€ 38,723
▲ 36% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 175,000 paid out
60 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 1,590
▼ 90% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 5,080
▼ 72% vs 2023
Loans from banks and other lenders, long and short.
€ 25,193
▼ 30% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 32,282
▲ 2% 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 | € 57,443 | € 103,317 | € 116,750 | € 92,472 | ▼ 21% |
| Profit after taxes | € 37,684 | € 66,118 | € 80,982 | € 289,595 | ▲ 258% |
| Equity | € 115,587 | € 111,706 | € 117,687 | € 232,282 | ▲ 97% |
| Total debts | € 140,591 | € 130,795 | € 178,210 | € 256,773 | ▲ 44% |
| Cash | € 29,482 | € 4,876 | € 28,447 | € 38,723 | ▲ 36% |
| Retained profit | € 96,987 | € 93,106 | € 99,087 | € 213,682 | ▲ 116% |
| Dividend | € 50,000 | € 70,000 | € 75,000 | € 175,000 | ▲ 133% |
| Bank debt | € 56,159 | € 37,141 | € 17,877 | € 5,080 | ▼ 72% |
| Balance sheet total | € 256,179 | € 242,501 | € 295,898 | € 489,055 | ▲ 65% |
Key figures of Boxwood Consulting, 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 Boxwood Consulting?
What happened at Boxwood Consulting in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 289,595 (▲ 258% vs 2023). filed late Source: NBB ↗
- New establishment in Walhain. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,684 profit in 2021 to € 289,595 profit in 2024.
Paid € 101,893 in corporate taxes since 2021.
Best year ever: 2024, with € 289,595 profit.
Paid out € 370,000 in dividends to the owners in total.
Management
Behind Boxwood Consulting is Naji El-MASRI. It owns 25% of Treestone BV and 0% of Whitstone Group S.A. itself.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue du Bois de Buis(WSP) 124
1457 Walhain
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0545.880.267
- VAT number
- BE 0545.880.267
- Registered office
- Rue du Bois de Buis(WSP) 124, 1457 Walhain
- Names & denominations
- Boxwood Consulting
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 2014
- Peppol
- Active · Active since 11 Dec 2025
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