ACTIVE

BOLAND

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Financial year 2025 · closed on 31/12/2025

Net result

22,5 k €

+5.5% YoY

Gross margin

189,6 k €

-5.0% YoY

Equity

86,3 k €

-2.8% YoY

What does BOLAND do?

BOLAND is a Public limited company incorporated in 1968. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Dilbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.828.042

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Broekstraat 12
1700 Dilbeek · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods 51180Passenger air transport 51190Passenger air transport+2

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	189,6 k €	-5.0%	199,5 k €	-20.1%	249,6 k €	-1.4%	253,2 k €	+49.8%	169 k €	+49.7%	112,9 k €	-44.1%	202 k €	+3.4%	195,3 k €	+7.5%	181,8 k €	-7.7%	196,9 k €	-9.5%	217,7 k €	-3.6%	225,8 k €	+1.4%	222,7 k €	-5.7%	236,1 k €	+59.4%	148,1 k €	-13.9%	172 k €	+11.2%	154,6 k €	+8.8%	142,1 k €	-8.5%	155,3 k €	+18.6%	131 k €
EBITDA	44,3 k €	-9.2%	48,7 k €	-51.2%	100 k €	-31.9%	146,7 k €	+70.1%	86,2 k €	+83.5%	47 k €	-38.6%	76,6 k €	+76.1%	43,5 k €	+45.0%	30 k €	-24.9%	39,9 k €	-51.7%	82,8 k €	-20.0%	103,4 k €	+9.9%	94 k €	-19.6%	116,9 k €	+743%	13,9 k €	-67.8%	43,1 k €	+50.8%	28,6 k €	+274%	-16,4 k €	-19.3%	-13,7 k €	-397%	-2,8 k €
Operating result	27,6 k €	-14.0%	32,1 k €	-62.9%	86,3 k €	-40.6%	145,4 k €	+85.8%	78,2 k €	+101%	39 k €	-43.1%	68,6 k €	+93.3%	35,5 k €	+242%	10,4 k €	-57.0%	24,1 k €	-64.0%	66,9 k €	-28.5%	93,5 k €	+9.0%	85,8 k €	-21.5%	109,4 k €	+1087%	9,2 k €	-76.0%	38,4 k €	+56.3%	24,6 k €	+206%	-23,1 k €	-12.9%	-20,5 k €	-116%	-9,5 k €
Net result	22,5 k €	+5.5%	21,3 k €	-66.1%	62,9 k €	-41.7%	107,8 k €	+95.4%	55,2 k €	+89.8%	29,1 k €	-38.3%	47,1 k €	+100%	23,5 k €	+499%	3,9 k €	-72.2%	14,1 k €	-68.1%	44,3 k €	-52.8%	93,7 k €	+7.5%	87,1 k €	-20.2%	109,2 k €	+1191%	8,5 k €	-77.6%	37,8 k €	+59.5%	23,7 k €	+199%	-24 k €	-9.7%	-21,9 k €	-1477%	-1,4 k €
Balance sheet
Equity	86,3 k €	-2.8%	88,8 k €	-8.9%	97,5 k €	+3.0%	94,6 k €	+9.0%	86,8 k €	-25.6%	116,6 k €	+33.2%	87,6 k €	+2.5%	85,4 k €	-1.7%	86,9 k €	+4.7%	83 k €	-38.0%	133,9 k €	+49.4%	89,6 k €	+4.3%	85,9 k €	-3.2%	88,8 k €	+11.6%	79,6 k €	+11.9%	71,1 k €	+113%	33,3 k €	+246%	9,6 k €	-71.4%	33,6 k €	-39.4%	55,5 k €
Total assets	141,5 k €	-6.4%	151,2 k €	-21.6%	192,9 k €	-12.3%	219,9 k €	+12.3%	195,8 k €	+50.1%	130,4 k €	-12.0%	148,2 k €	+11.3%	133,2 k €	+12.3%	118,6 k €	-16.5%	142 k €	-23.2%	185 k €	-12.4%	211,2 k €	+0.9%	209,3 k €	-3.1%	215,9 k €	+103%	106,6 k €	+8.0%	98,6 k €	+35.9%	72,6 k €	-11.8%	82,3 k €	-21.2%	104,4 k €	+31.9%	79,2 k €
Cash	53,3 k €	+32.3%	40,3 k €	-26.9%	55,1 k €	-60.1%	138,1 k €	-9.8%	153 k €	+71.9%	89 k €	+37.5%	64,7 k €	+63.4%	39,6 k €	+648%	5,3 k €	-84.3%	33,6 k €	-41.1%	57,1 k €	-13.0%	65,6 k €	-9.4%	72,4 k €	+26.3%	57,3 k €	+155%	22,5 k €	-39.4%	37,1 k €	+214%	11,8 k €	-55.3%	26,4 k €	+395%	5,3 k €	+129%	2,3 k €
Debts	55,2 k €	-11.5%	62,4 k €	-34.6%	95,5 k €	-23.8%	125,3 k €	+15.0%	108,9 k €	+691%	13,8 k €	-77.3%	60,7 k €	+27.1%	47,7 k €	+50.7%	31,7 k €	-46.3%	59 k €	+15.5%	51,1 k €	-58.0%	121,6 k €	-1.5%	123,4 k €	-2.9%	127,1 k €	+418%	24,6 k €	-10.6%	27,5 k €	-30.0%	39,2 k €	-46.0%	72,7 k €	+2.7%	70,8 k €	+199%	23,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	-25.0%	2,4 ETP	-7.7%	2,6 ETP	-7.1%	2,8 ETP	+21.7%	2,3 ETP	-39.5%	3,8 ETP	+18.7%	3,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Johanna Sinjorgo

Director

Active

Willem Boland

Managing director

Active

Ended mandates

Johanna Sinjorgo

Director · since 01 juillet 2021 · until 30 juin 2027

Ended

Willem Boland

Managing director · since 01 juillet 2021 · until 30 juin 2027

Ended

Johanna Sinjorgo

Mandate · since 19 mai 2015 · until 30 juin 2021

Ended

Johanna Sinjorgo

Director · since 19 mai 2015 · until 30 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Boland Invest● Active	0539.997.317

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/07/2026	07/07/2025	03/07/2024	13/07/2023	18/05/2022	22/06/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	17/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/06/2026	08/07/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	07/07/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	03/07/2024	Dutch	PDF
Micro model	31/12/2022	17/06/2023	13/07/2023	Dutch	PDF
Micro model	31/12/2021	17/05/2022	18/05/2022	Dutch	PDF
Micro model	31/12/2020	18/05/2021	22/06/2021	Dutch	PDF
Micro model	31/12/2019	19/05/2020	27/07/2020	Dutch	PDF
Micro model	31/12/2018	21/05/2019	08/07/2019	Dutch	PDF
Micro model	31/12/2017	15/05/2018	25/06/2018	Dutch	PDF
Micro model	31/12/2016	16/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	05/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Johanna Sinjorgo

Director

Active

Willem Boland

Managing director

Active

Ended mandates

Johanna Sinjorgo

Director · since 01 juillet 2021 · until 30 juin 2027

Ended

Willem Boland

Managing director · since 01 juillet 2021 · until 30 juin 2027

Ended

Johanna Sinjorgo

Mandate · since 19 mai 2015 · until 30 juin 2021

Ended

Johanna Sinjorgo

Director · since 19 mai 2015 · until 30 juin 2021

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202522,5 k €↑
2024
Annual accounts 202421,3 k €↓
2023
Annual accounts 202362,9 k €↓
2022
Annual accounts 2022107,8 k €↑
2021
Annual accounts 202155,2 k €↑
2020
Annual accounts 202029,1 k €↓
2019
Annual accounts 201947,1 k €↑
2018
Annual accounts 201823,5 k €↑
2017
Annual accounts 20173,9 k €↓
2016
Annual accounts 201614,1 k €↓
2015
Annual accounts 201544,3 k €↓
2014
Annual accounts 201493,7 k €↑
2013
Annual accounts 201387,1 k €↓
2012
Annual accounts 2012109,2 k €↑
2011
Annual accounts 20118,5 k €↓
2010
Annual accounts 201037,8 k €↑
2009
Annual accounts 200923,7 k €↑
2008
Annual accounts 2008-24 k €↓
2007
Annual accounts 2007-21,9 k €↓
2006
Annual accounts 2006-1,4 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BOLAND

Overview

What does BOLAND do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline