ACTIVE

BOFA

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Financial year 2025 · closed on 31/12/2025

Net result

221,2 k €

-18.9% YoY

Gross margin

367,5 k €

-9.2% YoY

Equity

450,1 k €

-27.9% YoY

What does BOFA do?

BOFA is a Public limited company incorporated in 1992. Its main activity is: Manufacture of veneer sheets and wood-based panels. Its registered office is in Herenthout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.578.883

Incorporation

03/06/1992

Legal form

Public limited company

Registered office

Atealaan 18
2270 Herenthout · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

16210Manufacture of veneer sheets and wood-based panels· main 16210Manufacture of veneer sheets and wood-based panels 20200Manufacture of pesticides and other agrochemical products

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	367,5 k €	-9.2%	404,8 k €	-28.0%	562,1 k €	+14.9%	489,3 k €	-1.1%	494,7 k €		–		–		–		–		798,7 k €	-14.2%	930,6 k €	+51.5%	614,2 k €	-49.5%	1,2 M €	+10.4%	1,1 M €	-20.1%	1,4 M €	-9.5%	1,5 M €	-5.5%	1,6 M €	-0.2%	1,6 M €	+21.6%	1,3 M €	+24.7%	1,1 M €
EBITDA	324,5 k €	-9.6%	359,1 k €	-8.4%	391,8 k €	+17.4%	333,7 k €	+25.2%	266,6 k €	-4.0%	277,8 k €	+18.8%	233,8 k €	-30.6%	336,9 k €	+44.5%	233,1 k €	+91.6%	121,6 k €	+28.2%	94,9 k €	+129%	-323,3 k €	-348%	130,3 k €	+357%	-50,7 k €	-127%	187,8 k €	-21.2%	238,2 k €	-35.5%	369,1 k €	-13.6%	427,3 k €	-8.4%	466,5 k €	+15.7%	403,1 k €
Operating result	310,7 k €	-9.7%	344,1 k €	-7.8%	373,3 k €	+22.1%	305,6 k €	+33.6%	228,8 k €	+1.6%	225,3 k €	+13.4%	198,6 k €	-35.5%	308,2 k €	-22.8%	399,2 k €	+331%	-172,6 k €	-486%	44,7 k €	+111%	-396,8 k €	-1043%	42,1 k €	+118%	-233,4 k €	-502%	58,1 k €	-28.2%	81 k €	-41.5%	138,5 k €	-12.5%	158,3 k €	-26.2%	214,5 k €	+55.9%	137,6 k €
Net result	221,2 k €	-18.9%	272,8 k €	-9.5%	301,5 k €	+53.1%	197 k €	-1.3%	199,6 k €	+12.9%	176,9 k €	-4.8%	185,7 k €	-40.2%	310,5 k €	-21.2%	393,8 k €	+311%	-187 k €	-975%	21,4 k €	+105%	-414 k €	-3262%	13,1 k €	+105%	-271,4 k €	-2047%	13,9 k €	-46.0%	25,8 k €	-61.7%	67,4 k €	-12.1%	76,7 k €	-32.2%	113,2 k €	+33.6%	84,7 k €
Balance sheet
Equity	450,1 k €	-27.9%	624,4 k €	-71.5%	2,2 M €	+15.9%	1,9 M €	+11.6%	1,7 M €	+13.3%	1,5 M €	+13.4%	1,3 M €	+16.4%	1,1 M €	+37.7%	823 k €	+730%	99,2 k €	-65.3%	286,2 k €	+8.1%	264,8 k €	-61.0%	678,8 k €	+2.0%	665,7 k €	-29.0%	937,1 k €	+1.5%	923,2 k €	+2.9%	897,3 k €	+0.8%	889,9 k €	+9.4%	813,2 k €	+16.2%	700,1 k €
Total assets	501,3 k €	-82.0%	2,8 M €	+18.6%	2,3 M €	+12.6%	2,1 M €	+7.2%	1,9 M €	+13.2%	1,7 M €	+11.2%	1,5 M €	+23.0%	1,3 M €	+26.9%	990,2 k €	+50.1%	659,6 k €	-29.3%	932,5 k €	-20.6%	1,2 M €	-27.8%	1,6 M €	-9.6%	1,8 M €	-12.6%	2,1 M €	-13.9%	2,4 M €	-2.5%	2,5 M €	+2.5%	2,4 M €	-10.3%	2,7 M €	+2.4%	2,6 M €
Cash	–		–		–		2,7 k €	+205%	876,3 €	0.0%	876,3 €	+543%	136,4 €	-62.1%	360,2 €	0.0%	360,2 €	-99.0%	37,7 k €	+396%	7,6 k €	-14.7%	8,9 k €	-81.2%	47,3 k €	-31.2%	68,7 k €	-47.9%	132 k €	-26.8%	180,4 k €	+147%	73,1 k €	-73.8%	278,4 k €	+25.6%	221,7 k €	+13.0%	196,2 k €
Debts	51,3 k €	-97.6%	2,2 M €	+1306%	153,7 k €	-19.8%	191,6 k €	-23.1%	249,3 k €	+12.5%	221,6 k €	-1.8%	225,6 k €	+99.0%	113,4 k €	-28.3%	158,2 k €	-70.8%	541,7 k €	-16.2%	646,3 k €	-28.9%	909,2 k €	-3.5%	942,1 k €	-16.9%	1,1 M €	+1.0%	1,1 M €	-23.6%	1,5 M €	-5.5%	1,6 M €	+3.7%	1,5 M €	-18.9%	1,8 M €	-2.6%	1,9 M €
Other
Workforce	–		0,0 ETP	-100%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	-6.3%	3,2 ETP	-20.0%	4,0 ETP	0.0%	4,0 ETP	-41.2%	6,8 ETP	-60.9%	17,4 ETP	-12.6%	19,9 ETP	-5.2%	21,0 ETP	-11.8%	23,8 ETP	-5.2%	25,1 ETP	-9.4%	27,7 ETP	-1.4%	28,1 ETP	-0.4%	28,2 ETP	+1.1%	27,9 ETP	+3.3%	27,0 ETP	+65.6%	16,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 20 ended

Active mandates

F. CRAS CONSULT

Director · 0680.993.844

Represented by Frédéric Cras

Active

Ended mandates

F. CRAS CONSULT

Director · since 20 décembre 2019 · 0680.993.844

Represented by Frédéric Cras

Ended

F. CRAS CONSULT

Director · since 20 décembre 2019 · 0680.993.844

Represented by Frédéric CRAS

Ended

Delphine Cras

Director · since 23 mai 2017 · until 23 mai 2023

Ended

Delphine CRAS

Director · since 23 mai 2017 · until 20 décembre 2019

Ended

At this address

Other companies at this address

Company	CBE no.
Win-Trans● Active	0449.052.293

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full 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	27/03/2026	27/08/2025	30/09/2024	19/07/2023	31/08/2022	25/08/2021
General meeting	26/03/2026	25/08/2025	30/09/2024	30/06/2023	30/08/2022	30/06/2021
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
Abridged model	31/12/2025	26/03/2026	27/03/2026	Dutch	PDF
Abridged model	31/12/2024	25/08/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/08/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	25/08/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	30/06/2020	Dutch	PDF
Full model	31/03/2019	16/09/2019	18/09/2019	Dutch	PDF
Full model	31/03/2018	16/10/2018	25/10/2018	Dutch	PDF
Abridged model	31/03/2017	23/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/03/2016	01/09/2016	26/10/2016	Dutch	PDF
Abridged model	31/03/2015	01/09/2015	02/09/2015	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	02/09/2014	Dutch	PDF
Abridged model	31/03/2013	02/09/2013	17/09/2013	Dutch	PDF
Abridged model	31/03/2012	01/09/2012	03/09/2012	Dutch	PDF
Abridged model	31/03/2011	01/09/2011	12/09/2011	Dutch	PDF
Abridged model	31/03/2010	01/09/2010	15/09/2010	Dutch	PDF
Abridged model	31/03/2009	23/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/03/2008	26/09/2008	29/09/2008	Dutch	PDF
Abridged model	31/03/2007	28/09/2007	01/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 active · 20 ended

Active mandates

F. CRAS CONSULT

Director · 0680.993.844

Represented by Frédéric Cras

Active

Ended mandates

F. CRAS CONSULT

Director · since 20 décembre 2019 · 0680.993.844

Represented by Frédéric Cras

Ended

F. CRAS CONSULT

Director · since 20 décembre 2019 · 0680.993.844

Represented by Frédéric CRAS

Ended

Delphine Cras

Director · since 23 mai 2017 · until 23 mai 2023

Ended

Delphine CRAS

Director · since 23 mai 2017 · until 20 décembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates08/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates26/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2018
ONTSLAGEN - BENOEMINGEN
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 2025221,2 k €↓
2024
Annual accounts 2024272,8 k €↓
2023
Annual accounts 2023301,5 k €↑
2022
Annual accounts 2022197 k €↓
2021
Annual accounts 2021199,6 k €↑
2020
Annual accounts 2020176,9 k €↓
2019
Annual accounts 2019185,7 k €↓
2019
Annual accounts 2019310,5 k €↓
2018
Annual accounts 2018393,8 k €↑
2017
Annual accounts 2017-187 k €↓
2016
Annual accounts 201621,4 k €↑
2015
Annual accounts 2015-414 k €↓
2014
Annual accounts 201413,1 k €↑
2013
Annual accounts 2013-271,4 k €↓
2012
Annual accounts 201213,9 k €↓
2011
Annual accounts 201125,8 k €↓
2010
Annual accounts 201067,4 k €↓
2009
Annual accounts 200976,7 k €↓
2008
Annual accounts 2008113,2 k €↑
2007
Annual accounts 200784,7 k €
03/06/1992
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

BOFA

Overview

What does BOFA 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline