B.U.D.S.
ActiveB.U.D.S. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.04M) and a net result of €-815k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 4500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency54▼-13
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.42), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-14.4%
Return on assets
-5.8%
Age of the figures
17 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€2M
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-10-2025, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
16 d early
2023
34 d early
2022
36 d early
2021
104 d early
2020
18 d early
2019
14 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-815k▲ 0.4%
2024 · €-818k
2019: €-60k
2020: €362k
2021: €-7k
2022: €6.13M
2023: €-519k
2024: €-818k
2019 → 2025
Working capital
€4.21M▼ 70.2%
2024 · €14.13M
2019: €-397k
2020: €-34k
2021: €-41k
2022: €14.21M
2023: €14.13M
2024: €14.13M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€381k-€116k▼ 69.6%€-403k€-1.22M▼ 203%€-2.04M▼ 66.7%
Operating result€-6k-€6.18M€-7k€-7k▼ 9.1%€-8k▼ 5.5%
Net result€-7k-€6.13M€-519k€-818k▼ 57.6%€-815k▲ 0.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €7k in 2024; the loss grows and 2025 is the lowest year so far.
Key figures and ratios
Solvency
-14.4%▼
2024 · -8.6%
Current ratio
1.42
Quick ratio
0.00▼
2024 · 3.53
Debt / equity
-7.94▲
2024 · -12.57
ROE
40.0%▼
2024 · 67.0%
ROA
-5.8%▲
2024 · -5.8%
Debt
€16.17M▲
2024 · €15.36M
Debt ≤ 1 year
€9.93M▲
2024 · €5k
Debt > 1 year
€6.09M▼
2024 · €15.29M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€14.13M€14.14M=
Current assets29/58€14.13M€14.14M=
Stocks and contracts in progress3€14.12M€14.12M=
Stocks30/36€14.12M€14.12M=
Cash at bank and in hand54/58€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€14.13M€14.14M=
Equity10/15€-1.22M€-2.04M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€56k€56k=
Non-distributable reserves130/1€54k€54k=
Legal reserve130€54k€54k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-1.34M€-2.15M▼
Amounts payable17/49€15.36M€16.17M▲
Amounts payable after more than one year17€15.29M€6.09M▼
Financial debts170/4€15.29M€6.09M▼
Amounts payable within one year42/48€5k€9.93M▲
Financial debts43-€9.92M
Credit institutions430/8-€9.92M
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€60k€155k▲
Income statement
Code20242025
Other operating charges640/8€394€1k▲
Gross operating margin9900€-7k€-6k▲
Operating profit (loss)9901€-7k€-8k▼
Financial charges65/66B€811k€808k▼
Recurring financial charges65€811k€808k▼
Profit (loss) for the period before taxes9903€-818k€-815k▲
Profit (loss) for the period9904€-818k€-815k▲
Profit (loss) for the period to be appropriated9905€-818k€-815k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.34M€-2.15M▼
Profit (loss) brought forward from the previous period14P€-521k€-1.34M▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €-818k
Net result drops to €-818k, the lowest in the series; recovery starts the following year.
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Liquidity triplescurrent ratio 3004.47
Current ratio from 914.66 to 3004.47; short-term debt falls from €16k to €5k.
2022
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €6.13M
Net result €6.13M after one loss-making year.
31-03
Financial
Liquidity times 11760current ratio 914.66
Current ratio from 0.08 to 914.66; short-term debt falls from €45k to €16k.
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Back to profitnet €362k
Net result €362k after one loss-making year.
31-03
Financial
Equity above €200kEq €388k ▲1355%
Equity rises from €27k to €388k.
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2025
WISE DEVELOPMENT COMPANY SRL
CurrentDirector · since 25-04-2025 · Legal entity
Eric Ducourneau
CurrentDirector · since 15-02-2023
25-04-2025
WISE DEVELOPMENT COMPANY SRL: Appointed as Director
25-04-2025
WAROMA SRL: Resigned as Director
15-02-2023
Eric Ducourneau: Appointed as Director
15-02-2023
Abdelkrim Bouchelaghem: Resigned as Director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ilya Prigoginelaan 11180 UkkelGround area
1,103 m²
Parcel 21616G0176/00X003, Brussels. Linked by address, not a title deed.
1 establishment unit
Ilya Prigoginelaan 1, 1180 Ukkel
since 19922.055.944.890
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00X003 | Brussels | 1,103 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TWINVEST
BE 0628.933.449
Brugge · Eq €116k
INDUSTRIAL DEVELOPMENT COMPANY
BE 0775.928.338
Mont-Saint-Guibert · Eq €117k
Citycomfort
BE 0560.936.944
Sint-Jans-Molenbeek · Eq €118k
El Nebo
BE 0652.872.653
Beveren-Kruibeke-Zwijndrecht · Eq €118k
HEIDEBOUW
BE 0847.194.733
Kapellen · Eq €113k
Of 1,286 companies in sector 68122 we hold annual accounts for 896. 543 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-12-1991
Fiscal year end31-03
Activities, NACEBEL
68122Development of non-residential building projects
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@buds.be
Phone:02/762 49 32
Fax:02/762 80 92
General meetings
3 convocationsOrdinary general meeting
Agenda
1. Lecture des rapports du conseil d’administration. 2. Lecture et approbation des comptes annuels au 31 décembre 2009. 3. Décharge aux administrateurs. 4. Divers.
Ordinary general meeting
1. Lecture des rapports du conseil d’administration. 2. Lecture et approbation des comptes annuels au 31 décembre 2007. 3. Décharge aux administrateurs, divers.
Extraordinary general meeting
Agenda
1. Rapport de gestion. 2. Approbation des comptes annuels au 31/12/2005. 3. Décharge aux administrateurs. Se conformer aux statuts. (19606) Lesimo, société anonyme, chaussée de Waterloo 255, bte 10, 1060 Bruxelles R.P.M. Bruxelles 0455.565.844 Assemblée générale ordinaire, le samedi 27/05/2006, à 10 heures, au siège social. — Ordre du jour : 1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 31/12/2005, et affectation du résultat. 3. Décharge aux administrateurs. Dépôt des titres, se conformer à l’article 20 des statuts. (19607) Agence de Gardiennage et de Sécurité Protector, en abrégé : « A.G.S. Protector », société anonyme, Middelweg 101, 1130 Bruxelles (Haren) R ...