Bourg
ActiveSummary
Bourg has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,599 and a net result of -€11,050. Equity is shrinking by ~23.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 6 accounts on average 18 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,219 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,283 | €8,277 | €3,403 | €3,217 | €5,404 | ▲ 68.0% |
| Other operating charges640/8 | - | €2,089 | €1,273 | €1,393 | €1,434 | ▲ 3.0% |
| Gross operating margin9900 | -€5,314 | -€2,632 | -€4,298 | -€4,852 | -€4,144 | ▲ 14.6% |
| Operating profit (loss)9901 | -€14,007 | -€12,998 | -€8,975 | -€9,462 | -€10,982 | ▼ 16.1% |
| Financial income75/76B | - | €272 | - | - | - | - |
| Recurring financial income75 | €1,074 | €272 | - | - | - | - |
| Financial charges65/66B | - | €49 | €48 | €59 | €67 | ▲ 14.1% |
| Recurring financial charges65 | €0 | €49 | €48 | €59 | €67 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | -€12,933 | -€12,775 | -€9,022 | -€9,520 | -€11,050 | ▼ 16.1% |
| Profit (loss) for the period9904 | -€12,933 | -€12,775 | -€9,022 | -€9,520 | -€11,050 | ▼ 16.1% |
| Profit (loss) for the period to be appropriated9905 | -€12,933 | -€12,775 | -€9,022 | -€9,520 | -€11,050 | ▼ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,966 | €46,191 | €39,666 | €35,146 | €56,096 | ▲ 59.6% |
| Fixed assets21/28 | €48,138 | €39,861 | €36,458 | €33,241 | €54,165 | ▲ 62.9% |
| Tangible fixed assets22/27 | €48,138 | €39,861 | €36,458 | €33,241 | €54,165 | ▲ 62.9% |
| Land and buildings22 | - | €39,861 | €36,458 | €33,241 | €54,165 | ▲ 62.9% |
| Current assets29/58 | €10,828 | €6,330 | €3,208 | €1,905 | €1,931 | ▲ 1.4% |
| Amounts receivable within one year40/41 | €6,157 | €2,231 | - | - | - | - |
| Other amounts receivable41 | - | €2,231 | - | - | - | - |
| Cash at bank and in hand54/58 | €3,597 | €3,827 | €3,208 | €1,905 | €1,931 | ▲ 1.4% |
| Deferred charges and accrued income490/1 | - | €272 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,966 | €46,191 | €39,666 | €35,146 | €56,096 | ▲ 59.6% |
| Equity10/15 | €58,966 | €46,191 | €37,169 | €27,648 | €16,599 | ▼ 40.0% |
| Contributions10/11 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €20,951 | €20,951 | €20,951 | €20,951 | €20,951 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves not available under the articles1311 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €14,753 | €14,753 | €14,753 | €14,753 | = |
| Profit (loss) carried forward14 | -€23,958 | -€36,733 | -€45,755 | -€55,276 | -€66,325 | ▼ 20.0% |
| Amounts payable17/49 | - | - | €2,497 | €7,497 | €39,497 | ▲ 427% |
| Amounts payable within one year42/48 | - | - | €2,497 | €7,497 | €39,497 | ▲ 427% |
| Other amounts payable47/48 | - | - | €2,497 | €7,497 | €39,497 | ▲ 427% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,933 | -€12,775 | -€9,022 | -€9,520 | -€11,050 | ▼ 16.1% |
| + Depreciation and write-downs630 | €8,283 | €8,277 | €3,403 | €3,217 | €5,404 | ▲ 68.0% |
| Operating cash flow (approximation) | -€4,650 | -€4,498 | -€5,619 | -€6,304 | -€5,645 | ▲ 10.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€26,328 | - |
| Change in cash | - | €230 | -€619 | -€1,304 | €26 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006F0339/00K000 | Flanders | 2,666 m² | 1 · 244 m² | - |
Linked by address, not proof of ownership
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.