Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 4.4 to 1.5.
-
Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Board Belgium from Zaventem, company number BE0691667507, closed financial year 2025 with a result of € 23,745 after tax. For that financial year Board Belgium recorded a gross margin of € 647,873 and equity of € -2 million. Compared with financial year 2024, the result moved from € 10,338 to € 23,745. Profitable, and profit is growing. 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, 2026.
€ -2 million
▲ € 23,745 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,745
▲ 130% vs 2024
Profit after tax over the fiscal year.
€ 375,104
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -2 million.
People and assets in 2025
1.5
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 572,385
▼ 6% vs 2024
€ 381,600 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.
Debts at end 2025
€ 540,000
▼ 48% vs 2024
Loans from banks and other lenders, long and short.
€ 1.7 million
▲ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 255,299
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 497,693 | € 470,262 | € 685,448 | € 647,873 | ▼ 5% |
| Profit after taxes | € -397,896 | € -153,938 | € 10,338 | € 23,745 | ▲ 130% |
| Equity | € -1,905,913 | € -2,059,851 | € -2,049,513 | € -2,025,767 | ▲ € 23,745 |
| Total debts | € 2,876,141 | € 3,194,038 | € 2,872,052 | € 3,076,930 | ▲ 7% |
| Cash | € 51,472 | € 384,527 | € 602,949 | € 375,104 | ▼ 38% |
| Retained profit | € -1,924,513 | € -2,078,451 | € -2,068,113 | € -2,044,367 | ▲ € 23,745 |
| Bank debt | € 990,000 | € 1,040,000 | € 1,040,000 | € 540,000 | ▼ 48% |
| Balance sheet total | € 970,228 | € 1,134,187 | € 822,540 | € 1,051,162 | ▲ 28% |
| Employees (FTE) | 7.1 | 4.4 | 3.3 | 1.5 | ▼ 1.8 |
Key figures of Board Belgium, 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 Board Belgium?
What happened at Board Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,745 (▲ 130% vs 2024). filed late Source: NBB ↗
- Giulia Scalfi became a director. NBB
- Niccolò Sabatini became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 397,896 loss in 2022 to € 23,745 profit in 2025.
Paid € 1,525 in corporate taxes since 2022.
Best year ever: 2025, with € 23,745 profit.
On average € 431,900 of value added per employee in 2025.
A new publication or filing at Board Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Board Belgium are Giulia Scalfi and Niccolò Sabatini.
Directors
According to the 2025 annual accounts
Giulia Scalfi
Director
since 2024
Niccolò Sabatini
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 9
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →NORDSON BENELUX
€ 2.5 million gross margin · 2025
BDO BELGIUM
€ 45.8 million revenue · 2025
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
€ 47.6 million revenue · 2025
BDO ACCOUNTANTS & BELASTINGADVISEURS
€ 56.9 million revenue · 2025
NUSKIN BELGIUM
€ 199,179 gross margin · 2025
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
board.com
Registered
1995-04-19
Registrar
Register SPA
Expires
2026-04-20
Website info
Features
Security
Network
Details
- Company number
- 0691.667.507
- VAT number
- BE 0691.667.507
- Registered office
- Da Vincilaan 9, 1930 Zaventem
- Names & denominations
- Board Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 2018
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- board.com
- Activities · NACE
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