BOUWWERKEN BULCKE
ActiveBOUWWERKEN BULCKE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €523k and a net result of €34k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+2
Solvency91▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 7.68 in 2024; short-term debt: 18% and cash: 21.1% of total assets), and 33.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.5%
Return on assets
4.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
38 d early
2023
35 d early
2022
8 d early
2021
34 d early
2020
39 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€523k▲ 6.7%
2024 · €490k
2019: €433k
2020: €438k
2021: €454k
2022: €462k
2023: €478k
2024: €490k
2019 → 2025
Total assets
€787k▲ 40.0%
2024 · €562k
2019: €584k
2020: €590k
2021: €575k
2022: €587k
2023: €597k
2024: €562k
2019 → 2025
Net result
€34k▲ 160%
2024 · €13k
2019: €67k
2020: €5k
2021: €15k
2022: €8k
2023: €17k
2024: €13k
2019 → 2025
Working capital
€277k▼ 30.9%
2024 · €402k
2019: €399k
2020: €376k
2021: €372k
2022: €389k
2023: €379k
2024: €402k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€454k-€462k▲ 1.8%€478k▲ 3.5%€490k▲ 2.5%€523k▲ 6.7%
Operating result€24k-€14k▼ 42.5%€23k▲ 66.3%€16k▼ 30.3%€41k▲ 160%
Net result€15k-€8k▼ 46.8%€17k▲ 107%€13k▼ 24.1%€34k▲ 160%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 160% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €787k
Fixed assets
€368k▲ 266%
Current assets
€419k▼ 9.3%
Equity and liabilities €787k
Equity
€523k▲ 6.7%
Debt
€264k▲ 268%
The debt ratio rises from 12.8% to 33.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85k▲
2024 · €58k
Cash flow
€78k▲
2024 · €55k
Solvency
66.5%▼
2024 · 87.2%
Current ratio
2.96▼
2024 · 7.68
Quick ratio
2.91▼
2024 · 7.49
Debt / equity
0.50▲
2024 · 0.15
ROE
6.5%▲
2024 · 2.6%
ROA
4.3%▲
2024 · 2.3%
Interest coverage
9.68▼
2024 · 42.73
Debt
€264k▲
2024 · €72k
Debt ≤ 1 year
€141k▲
2024 · €60k
Debt > 1 year
€122k▲
2024 · €11k
Income taxes
€4k▼
2024 · €6k
Staff costs
€274k▲
2024 · €239k
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€562k€787k▲
Fixed assets21/28€101k€368k▲
Tangible fixed assets22/27€100k€368k▲
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€76k€48k▼
Furniture and vehicles24€16k€307k▲
Other tangible fixed assets26€5k€10k▲
Financial fixed assets28€632€632=
Current assets29/58€462k€419k▼
Stocks and contracts in progress3€11k€8k▼
Stocks30/36€11k€8k▼
Amounts receivable within one year40/41€235k€231k▼
Trade receivables40€228k€167k▼
Other amounts receivable41€6k€63k▲
Cash at bank and in hand54/58€201k€166k▼
Deferred charges and accrued income490/1€14k€14k▼
Equity and liabilities
Total equity and liabilities10/49€562k€787k▲
Equity10/15€490k€523k▲
Contributions10/11€12k€12k=
Reserves13€478k€493k▲
Distributable reserves133€478k€493k▲
Profit (loss) carried forward14€173€18k▲
Amounts payable17/49€72k€264k▲
Amounts payable after more than one year17€11k€122k▲
Financial debts170/4€11k€122k▲
Amounts payable within one year42/48€60k€141k▲
Current portion of amounts payable after more than one year42€16k€39k▲
Trade debts44€27k€78k▲
Suppliers440/4€27k€78k▲
Taxes, remuneration and social security45€16k€23k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9€9k€14k▲
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€1k€629▼
Income statement
Code20242025
Non-recurring operating income76A-€62k
Remuneration, social security and pensions62€239k€274k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€44k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€299k€368k▲
Operating profit (loss)9901€16k€41k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€1k€9k▲
Recurring financial charges65€1k€9k▲
Profit (loss) for the period before taxes9903€19k€38k▲
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€13k€34k▲
Profit (loss) for the period to be appropriated9905€13k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€34k▲
Profit (loss) brought forward from the previous period14P€35€173▲
Transfer to equity691/2€12k€15k▲
To other reserves6921€12k€15k▲
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (14 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
26-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Equity above €500kEq €523k ▲6.7%
7 profitable years in a row build equity to €523k.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Weakest financial yearnet €5k ▼92.6%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Houthulst · 1 establishment unit since 1991
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.
Jos Janssenstraat 98650 HouthulstGround area
1,365 m²
Building footprint
505 m²
Volume, LiDAR
2,261 m³
2 parcels, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Jos Janssenstraat 11, 8650 Houthulst
since 19912.051.396.580
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32009B0230/00R004 | Flanders | 743 m² | 1 · 290 m² | 7.5 m · 1 fl. |
| 32009B0230/00P005 | Flanders | 622 m² | 1 · 215 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 40,141 EUR awarded · 40,141 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 14,191 EUR | 14,191 EUR |
| 2024 | 1 | 17,279 EUR | 17,279 EUR |
| 2023 | 1 | 8,671 EUR | 8,671 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 9,049 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-1990
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.