BU MANAGEMENT
Open bankruptcyA bankruptcy procedure is open for BU MANAGEMENT according to publications in the Belgian State Gazette; curator: GAUTIER PIRARD. The 2022 annual accounts show negative equity (€-106k) and a net result of €-18k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 30-12-2022, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
32 d early
2021
3 d early
2020
6 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-106k▼ 20.8%
2021 · €-88k
2019: €-54k
2020: €-61k
2021: €-88k
2019 → 2022
Total assets
€174k▼ 15.2%
2021 · €206k
2019: €80k
2020: €123k
2021: €206k
2019 → 2022
Net result
€-18k▲ 31.2%
2021 · €-27k
2019: €-58k
2020: €-7k
2021: €-27k
2019 → 2022
Working capital
€-110k▲ 9.6%
2021 · €-122k
2019: €-29k
2020: €-92k
2021: €-122k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-54k-€-61k▼ 13.5%€-88k▼ 43.4%€-106k▼ 20.8%
Operating result€-56k-€-516▲ 99.1%€-17k▼ 3,286%€-8k▲ 55.8%
Net result€-58k-€-7k▲ 87.4%€-27k▼ 264%€-18k▲ 31.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2022 against €17k in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €174k
Fixed assets
€65k▼ 17.4%
Current assets
€109k▼ 13.9%
Key figures and ratios
EBITDA
€8k▲
2021 · €-3k
Cash flow
€-2k▲
2021 · €-12k
Solvency
-60.7%▼
2021 · -42.6%
Current ratio
0.50▼
2021 · 0.51
Quick ratio
0.48▼
2021 · 0.49
Debt / equity
-2.65▼
2021 · -0.51
ROA
-10.5%▲
2021 · -12.9%
Interest coverage
0.75
Debt
€280k▼
2021 · €293k
Debt ≤ 1 year
€219k▼
2021 · €248k
Debt > 1 year
€61k▲
2021 · €45k
Staff costs
€181k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€206k€174k▼
Fixed assets21/28€79k€65k▼
Intangible fixed assets21€40k€35k▼
Tangible fixed assets22/27€25k€17k▼
Furniture and vehicles24-€10k
Other tangible fixed assets26-€7k
Financial fixed assets28€14k€14k=
Current assets29/58€126k€109k▼
Stocks and contracts in progress3€4k€5k▲
Stocks30/36-€5k
Amounts receivable within one year40/41€66k€95k▲
Trade receivables40-€95k
Other amounts receivable41-€590
Cash at bank and in hand54/58€57k€9k▼
Equity and liabilities
Total equity and liabilities10/49€206k€174k▼
Equity10/15€-88k€-106k▼
Contributions10/11-€6k
Reserves13€480€480=
Non-distributable reserves130/1-€480
Reserves not available under the articles1311-€480
Profit (loss) carried forward14€-94k€-112k▼
Amounts payable17/49€293k€280k▼
Amounts payable after more than one year17€45k€61k▲
Financial debts170/4-€61k
Amounts payable within one year42/48€248k€219k▼
Current portion of amounts payable after more than one year42-€17k
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€97k€114k▲
Suppliers440/4-€114k
Taxes, remuneration and social security45-€35k
Taxes450/3-€12k
Remuneration and social security454/9-€22k
Other amounts payable47/48-€23k
Income statement
Code20212022
Remuneration, social security and pensions62-€181k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8-€2k
Gross operating margin9900€12k€191k▲
Operating profit (loss)9901€-17k€-8k▲
Financial income75/76B-€167
Recurring financial income75€37€167▲
Financial charges65/66B-€11k
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€-27k€-18k▲
Profit (loss) for the period9904€-27k€-18k▲
Profit (loss) for the period to be appropriated9905€-27k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-112k
Profit (loss) brought forward from the previous period14P-€-94k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · BU MANAGEMENT SRL AVENUE LOUISE 517, 1050 IXELLES · event 22-12-2023
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
24-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalNBB filing
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2013
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.
Louizalaan 5171050 BrusselGround area
159 m²
Building footprint
65 m²
Volume, LiDAR
992 m³
Parcel 21822R0226/00D012, Brussels · tallest building 26.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Lulu & Co
since 20132.221.523.989
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00D012 | Brussels | 159 m² | 1 · 65 m² | 25.9 m · 5 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GAUTIER PIRARD RUE DE STASSART 48C,
1050 IXELLES |
22-12-2023 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBRUXELLES 52.221.523.989
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 4,555 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-08-2013
Fiscal year end30-06
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.