NORMAL SITUATION

BOULDER

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Financial year 2025 · closed on 31/12/2025

Net result

-24,8 k €

-65.4% YoY

Gross margin

80 k €

-16.1% YoY

Equity

14,1 €

-99.9% YoY

Company — Normal situation.

Strike-off: 25 août 2026

What does BOULDER do?

BOULDER is a Private limited company incorporated in 1991.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.487.148

Incorporation

29/10/1991

Legal form

Private limited company

Contributed capital

24 789,35 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

Positive 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	80 k €	-16.1%	95,4 k €	-0.6%	95,9 k €	-10.5%	107,2 k €	+61.1%	66,5 k €	+28.5%	51,8 k €	-45.2%	94,5 k €	+26.7%	74,5 k €	+5.3%	70,8 k €	-6.9%	76 k €	+39.9%	54,3 k €	-14.8%	63,8 k €	+53.0%	41,7 k €	-37.4%	66,5 k €	+17.0%	56,9 k €	+2.9%	55,2 k €	+19.3%	46,3 k €	-12.0%	52,6 k €	+15.8%	45,4 k €	-5.0%	47,8 k €
EBITDA	21,6 k €	-33.7%	32,6 k €	+49.4%	21,8 k €	+661%	2,9 k €	-88.4%	24,8 k €	+134%	10,6 k €	-66.2%	31,3 k €	+198%	10,5 k €	+183%	3,7 k €	-83.8%	22,9 k €	+344%	5,2 k €	-47.9%	9,9 k €	+255%	-6,4 k €	-132%	20,3 k €	+133%	8,7 k €	-36.6%	13,7 k €	+4.5%	13,1 k €	-39.9%	21,9 k €	+57.2%	13,9 k €	+38.6%	10 k €
Operating result	-13,5 k €	-2218%	-582,6 €	-106%	9,3 k €	+288%	-4,9 k €	-129%	17,1 k €	+491%	2,9 k €	-87.4%	22,9 k €	+998%	2,1 k €	+139%	-5,4 k €	-137%	14,5 k €	+174%	-19,6 k €	-435%	5,8 k €	+146%	-12,7 k €	-185%	14,9 k €	+184%	5,3 k €	-52.2%	11 k €	+27.0%	8,6 k €	-49.0%	17 k €	+132%	7,3 k €	+774%	836 €
Net result	-24,8 k €	-65.4%	-15 k €	-624%	2,9 k €	+151%	-5,6 k €	-136%	15,6 k €	+755%	1,8 k €	-87.2%	14,3 k €	+4957%	282 €	+104%	-7,4 k €	-162%	11,9 k €	+157%	-21 k €	-686%	3,6 k €	+128%	-13 k €	-269%	7,7 k €	+465%	1,4 k €	-79.0%	6,5 k €	+63.9%	3,9 k €	-62.7%	10,6 k €	+196%	3,6 k €	+838%	-483 €
Balance sheet
Equity	14,1 €	-99.9%	24,8 k €	-37.7%	39,8 k €	+7.8%	37 k €	-13.2%	42,6 k €	+57.8%	27 k €	+7.3%	25,1 k €	+131%	10,9 k €	+2.7%	10,6 k €	-41.0%	18 k €	+196%	6,1 k €	-77.6%	27 k €	+15.2%	23,5 k €	-35.6%	36,4 k €	+26.6%	28,8 k €	+4.9%	27,4 k €	-39.0%	44,9 k €	+9.6%	41 k €	+34.7%	30,4 k €	+13.3%	26,9 k €
Total assets	304,5 k €	-6.6%	326,1 k €	-18.1%	398,2 k €	+468%	70,1 k €	-29.8%	99,9 k €	+10.8%	90,2 k €	-17.1%	108,8 k €	-7.5%	117,6 k €	-2.1%	120,2 k €	-16.2%	143,4 k €	+6.2%	135 k €	+148%	54,5 k €	+10.8%	49,2 k €	-28.7%	69 k €	+3.6%	66,6 k €	-15.3%	78,6 k €	+12.2%	70,1 k €	+3.4%	67,8 k €	+38.3%	49 k €	+0.1%	48,9 k €
Cash	10,2 k €	-15.5%	12,1 k €	+114%	5,6 k €	-2.1%	5,7 k €	-76.3%	24,2 k €	+148%	9,8 k €	-40.5%	16,4 k €	-15.6%	19,4 k €	+154%	7,7 k €	-45.3%	14 k €	-32.5%	20,7 k €	-51.4%	42,7 k €	+17.4%	36,4 k €	-32.3%	53,7 k €	-7.6%	58,1 k €	-15.3%	68,6 k €	+140%	28,6 k €	-51.5%	58,9 k €	+65.9%	35,5 k €	+3.9%	34,2 k €
Debts	304,5 k €	+2.0%	298,5 k €	-16.7%	358,4 k €	+1015%	32,1 k €	-32.2%	47,4 k €	-17.1%	57,2 k €	-16.0%	68 k €	-35.6%	105,7 k €	-2.6%	108,6 k €	-5.1%	114,4 k €	+0.0%	114,4 k €	+695%	14,4 k €	+21.4%	11,9 k €	-29.6%	16,9 k €	-19.7%	21 k €	-44.2%	37,7 k €	+225%	11,6 k €	-14.3%	13,5 k €	+196%	4,6 k €	-56.2%	10,4 k €
Other
Workforce	–		–		–		2,3 ETP	0.0%	2,3 ETP	+9.5%	2,1 ETP	0.0%	2,1 ETP	+5.0%	2,0 ETP	-25.9%	2,7 ETP	+68.8%	1,6 ETP	+6.7%	1,5 ETP	-6.3%	1,6 ETP	+14.3%	1,4 ETP	0.0%	1,4 ETP	-6.7%	1,5 ETP	+7.1%	1,4 ETP	+27.3%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	-31.3%	1,6 ETP

Governance

Board of directors

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

Active mandates

Jan Larosse

Director

Active

Jan SEVERY

Director

Active

Ended mandates

Jan LAROSSE

Manager

Ended

Jan SEVERY

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged 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	16/06/2026	05/06/2025	04/07/2024	07/07/2023	30/08/2022	30/08/2021
General meeting	01/06/2026	02/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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	01/06/2026	16/06/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	05/06/2025	Dutch	PDF
Micro model	31/12/2023	06/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	23/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 2 ended

Active mandates

Jan Larosse

Director

Active

Jan SEVERY

Director

Active

Ended mandates

Jan LAROSSE

Manager

Ended

Jan SEVERY

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring01/09/2026
Fusie door overneming
PDF
Restructuring16/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/11/2006
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-24,8 k €↓
2024
Annual accounts 2024-15 k €↓
2023
Annual accounts 20232,9 k €↑
2022
Annual accounts 2022-5,6 k €↓
2021
Annual accounts 202115,6 k €↑
2020
Annual accounts 20201,8 k €↓
2019
Annual accounts 201914,3 k €↑
2018
Annual accounts 2018282 €↑
2017
Annual accounts 2017-7,4 k €↓
2016
Annual accounts 201611,9 k €↑
2015
Annual accounts 2015-21 k €↓
2014
Annual accounts 20143,6 k €↑
2013
Annual accounts 2013-13 k €↓
2012
Annual accounts 20127,7 k €↑
2011
Annual accounts 20111,4 k €↓
2010
Annual accounts 20106,5 k €↑
2009
Annual accounts 20093,9 k €↓
2008
Annual accounts 200810,6 k €↑
2007
Annual accounts 20073,6 k €↑
2006
Annual accounts 2006-483 €
29/10/1991
IncorporationPrivate 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

BOULDER

Overview

What does BOULDER do?

Trend over 20 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline