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B.U.D.S.

Active
Public limited companyfounded 1991active for 34 yearsIlya Prigoginelaan 1, 1180 Ukkel, Belgium34 active companies are registered at this addressKBO/BCE: BE 0446.257.903
Summary

B.U.D.S. has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€2.8m) and a net result of -€725,331. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 135 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow ReportCompare
B.U.D.S.ActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Development of non-residential building projects
NACE 68122
1 site
Size
€14.2mtotal assets 2026
Equity
-€2.8m
Loss
-€725,331
Financial health
53 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
BF3 - BELGIQUE SA · 100%
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises2026 accounts 25 days early5 of 17 deeds summarised
Why 53raises riskCapped at 59: negative equityNegative equity -€2.8mLiquidity: current ratio 1.43, cash €31,844Loss of €725,331, the second in a row (financial year 2026)lowers riskSize: total assets €14.2mShow the evidence

Checked score

Score 2026
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 10% of its sector peers (NACE 68, medium-sized)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Weak
Solvency 5-6
equity -19.5% of total assets
Liquidity 13=
short-term debt 70.2% · cash 0.2%
Profitability 25+2
return on assets -5.1%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,719 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025lowest value 05-2025: 0.4%● unchanged vs 04-2025lowest value 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025highest value 11-2025: 0.4%▼ -0.1 percentage points vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.4%▼ -0.1 percentage points vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.43, compared with 1.42 in 2025, below the usual 1.5; short-term debt: 70.2% and cash: 0.2% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized): better than 3% on solvency, 11% on liquidity, 17% on profitability and 10% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€2.8m
NBB · annual accounts
raises risk · Liquidity: current ratio 1.43, cash €31,844
NBB · annual accounts
lowers risk · Size: total assets €14.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €725,331, the second in a row (financial year 2026)
NBB · annual accounts
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year -€2.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 06-10-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
25 days early
2025
25 days early
2024
16 days early
2023
34 days early
2022
36 days early
2021
104 days early
2020
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 6 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Resignations: Eric Ducourneau, BROWNFIELDS GESTION SAS…Appointments: Yann Doublier (director) and…
  3. Reappointments: Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises (statutory auditor)…Permanent representative: Patrick Viterbo

Key points

  • Risk: Negative equityfinancial year 2026: debts exceed assets -€2.8m View
  • Risk: 4 loss-making years in a rowloss financial year 2026 -€725,331 View
  • Caution: Among the weakest 5% on solvencysector median 38.1% · 135 companies -19.5% View
  • Caution: Board changedlatest change 19-06-2026 · 2 in office 2 joined · 3 left View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Controlled by BF3 - BELGIQUE SA 100% View
  • Caution: Equity fell in 2026from -€2.0m to -€2.8m ▼ 35.6% View

By topic

Financials

Financial year
2026
Total assets
€14.2m
Loss
-€725,331
Solvency
-19.5%
Total assets▲ 0.1%
Net result
20192026
Go to Financials

Board & ownership

Board
2 members
Parent
BF3 - BELGIQUE SA · 100%
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d'Entreprises
  • ARTONEDirector
  • Yann DoublierDirector
Go to Board & ownership

Timeline

Events
45
Since
1993
Next accounts
by 31-10-2027
  1. 06-10-2025Annual accounts filed
  2. 25-04-2025Resignation: WAROMA SRL (director)
  3. 15-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of non-residential building projectsNACE 68122
Founded
27-12-1991
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Key facts about B.U.D.S.

What is the company number of B.U.D.S.?
0446.257.903. In Belgium the VAT number is the company number with BE in front: BE 0446.257.903.
Where is B.U.D.S. based?
The registered office is at Ilya Prigoginelaan 1, 1180 Ukkel.Company details
What does B.U.D.S. do?
According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of B.U.D.S.?
Public limited company (NV).
When was B.U.D.S. founded?
On 27-12-1991.
Is B.U.D.S. still active?
Yes, B.U.D.S. is an active enterprise in the KBO register.
How many employees does B.U.D.S. have?
On average 0.3 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of B.U.D.S.?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is B.U.D.S. profitable?
In financial year 2026, B.U.D.S. made a loss of €725,331.
Where can I find the annual accounts of B.U.D.S.?
B.U.D.S. filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of B.U.D.S. due?
By 31-10-2027, for financial year 2027.Timeline

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