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 14 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Boghossian Foundation from Brussel, company number BE0888046579, closed financial year 2024 with a result of € -422,232 after tax. For that financial year Boghossian Foundation recorded a gross margin of € 873,369 and equity of € -7.3 million. Compared with financial year 2023, the result moved from € -1.1 million to € -422,232. 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 November 24, 2025.
€ -7.3 million
▲ € 5.2 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -422,232
▲ 63 % less loss than in 2023
Profit after tax over the fiscal year.
€ 416,982
▲ 26% vs 2023
Cash and bank balances on the last day of the fiscal year.
People and assets in 2024
€ 622,211
▼ 13% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 37,904
▲ € 28,736 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 6.6 million
▲ € 5.7 million vs 2023
€ 300,000 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 157,949
▲ 127% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 80,453
▲ 12% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -169,687 | € -150,939 | € 116,830 | € 873,369 | ▲ € 756,539 |
| Profit after taxes | € -1,111,135 | € -1,478,504 | € -1,140,689 | € -422,232 | ▲ € 718,457 |
| Equity | € -9,872,634 | € -11,351,138 | € -12,491,826 | € -7,310,999 | ▲ € 5.2 million |
| Total debts | € 12,938,337 | € 14,392,128 | € 15,624,695 | € 10,293,176 | ▼ 34% |
| Cash | € 91,337 | € 153,916 | € 331,241 | € 416,982 | ▲ 26% |
| Land & buildings | € 1,505,975 | € 1,318,066 | € 1,130,158 | € 942,249 | ▼ 17% |
| Retained profit | € -9,872,634 | € -11,351,138 | € -12,491,826 | € -12,914,058 | ▼ € 422,232 |
| Bank debt | € 1,200,000 | € 900,000 | € 900,000 | € 6,629,000 | ▲ € 5.7 million |
| Balance sheet total | € 3,065,703 | € 3,040,991 | € 3,132,869 | € 2,982,177 | ▼ 5% |
Key figures of Boghossian Foundation, 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 Boghossian Foundation?
What happened at Boghossian Foundation in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 422,232. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Brussel. KBO
In short
From € 1.1 million loss in 2021 to € 422,232 loss in 2024.
Paid € 162,509 in corporate taxes since 2021.
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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 Boghossian Foundation are Ralph Boghossian, Jean Boghossian and Albert Boghossian.
Directors
According to the 2024 annual accounts
Ralph Boghossian
Managing director
Jean Boghossian
Chairman of the board
Albert Boghossian
Director
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 67
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0888.046.579
- VAT number
- BE 0888.046.579
- Registered office
- Franklin Rooseveltlaan 67, 1050 Brussel
- Names & denominations
- Boghossian Foundation
- Enterprise type
- Rechtspersoon
- Legal form
- Private foundation
- Legal situation
- Normale toestand
- Start date
- 19 March 2007
- Peppol
- Active · Active since 30 Jun 2025
- Activities · NACE
Exploitatie van culturele centra en multifunctionele zalen ten behoeve van culturele activiteiten
Activiteiten van historische locaties en monumenten
Musea en monumentenzorg
Exploitatie van monumenten en dergelijke toeristenattracties
Organisatie van congressen en beurzen
Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen
Organisatie van salons, tentoonstellingen en beurzen
Overige detailhandel, niet in winkels
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