BUBALE (0526.998.723): financials and annual accounts

BUBALE

Uccle ·KBO/BCE: BE 0526.998.723

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Balance sheet: assets
Total assets`20/58`	6.3m	6.6m	8.9m	11.4m	15.1m	14.0m	15.7m	15.6m	13.7m	11.7m	11.2m	5.5m	4.5m
Fixed assets`21/28`	363,027	794,857	804,914	3.0m	5.8m	5.6m	4.8m	8.6m	6.4m	5.6m	5.2m	4.8m	4.1m
Tangible fixed assets`22/27`	-	407,532	419,389	431,247	443,104	454,962	46,500	-	-	-	-	-	-
Land and buildings`22`	-	407,532	419,389	431,247	443,104	454,962	46,500	-	-	-	-	-	-
Financial fixed assets`28`	363,027	387,325	385,524	2.6m	5.4m	5.1m	4.8m	8.6m	6.4m	5.6m	5.2m	4.8m	4.1m
Current assets`29/58`	5.9m	5.8m	8.1m	8.4m	9.2m	8.4m	10.8m	7.0m	7.2m	6.1m	6.0m	678,896	421,552
Amounts receivable within one year`40/41`	1.7m	1.2m	1.1m	762,331	735,276	492,182	197,706	313,235	50,000	-	102,111	2,394	3,024
Trade receivables`40`	-	-	-	-	464	-	-	-	-	-	-	-	-
Other amounts receivable`41`	1.7m	1.2m	1.1m	762,331	734,812	492,182	197,706	313,235	50,000	-	102,111	2,394	3,024
Current investments`50/53`	2.2m	4.0m	6.2m	6.9m	7.3m	5.8m	7.0m	5.5m	3.4m	6.0m	5.8m	575,807	379,836
Cash at bank and in hand`54/58`	1.6m	473,840	720,306	688,459	1.1m	2.0m	3.6m	987,736	3.7m	28,709	103,048	99,865	37,877
Deferred charges and accrued income`490/1`	474,644	64,331	160,253	103,793	87,573	91,732	71,887	143,015	1,900	43,167	840	830	815
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	6.3m	6.6m	8.9m	11.4m	15.1m	14.0m	15.7m	15.6m	13.7m	11.7m	11.2m	5.5m	4.5m
Equity`10/15`	5.3m	4.7m	4.5m	6.2m	9.3m	8.4m	7.8m	5.6m	5.6m	4.1m	4.0m	4.4m	4.3m
Contributions`10/11`	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m
Issued capital`100`	-	-	-	-	-	-	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m	4.3m
Reserves`13`	431,140	431,140	431,140	431,140	431,140	431,140	431,140	81,652	81,652	7,223	3,129	3,129	16
Non-distributable reserves`130/1`	431,140	431,140	431,140	431,140	431,140	431,140	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	431,140	81,652	81,652	7,223	3,129	3,129	16
Reserves not available under the articles`1311`	431,140	431,140	431,140	431,140	431,140	431,140	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	543,243	-12,365	-280,405	1.4m	4.6m	3.7m	3.1m	1.2m	1.2m	-199,471	-277,259	59,443	307
Provisions and deferred taxes`16`	9,517	-	-	-	-	-	62,586	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	9,517	-	-	-	-	-	62,586	-	-	-	-	-	-
Other liabilities and charges`164/5`	9,517	-	-	-	-	-	62,586	-	-	-	-	-	-
Amounts payable`17/49`	1.0m	1.8m	4.5m	5.3m	5.7m	5.5m	7.8m	10.0m	8.0m	7.6m	7.1m	1.1m	178,870
Amounts payable within one year`42/48`	1.0m	1.8m	4.4m	5.2m	5.7m	5.5m	7.7m	10.0m	8.0m	7.6m	7.1m	1.1m	178,870
Financial debts`43`	-	-	750,000	750,044	-	-	-	-	-	-	-	731	-
Credit institutions`430/8`	-	-	750,000	750,044	-	-	-	-	-	-	-	731	-
Trade debts`44`	17,549	695	2,315	3,590	1,298	761	-	-	-	110	-	-	-
Suppliers`440/4`	17,549	695	2,315	3,590	1,298	761	-	-	-	110	-	-	-
Taxes, remuneration and social security`45`	5,495	-	-	42,928	66,748	23,615	9,172	9,172	31,622	6,510	520	1,900	-
Taxes`450/3`	5,495	-	-	42,928	66,748	23,615	9,172	9,172	31,622	6,510	520	1,900	-
Other amounts payable`47/48`	993,881	1.8m	3.7m	4.4m	5.7m	5.5m	7.7m	10.0m	7.9m	7.6m	7.1m	1.1m	178,870
Accrued charges and deferred income`492/3`	-	14,445	19,527	36,862	23,888	30,998	78,167	13,433	83,305	383	357	-	-
Income statement
Non-recurring operating income`76A`	72,499	-	-	-	-	-	-	-	-	-	-	-	34,316
Gross operating margin`9900`	-27,042	-4,698	4,898	2,278	-17,824	-1,915	-55,197	-16,705	-41,759	-11,231	-14,188	-14,963	-33,430
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	5,995	11,858	11,858	11,858	11,858	10,038	-	-	-	-	-	-	5,015
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	62,586	-	-	-	-	-	-
Other operating charges`640/8`	150,361	187	2,551	2,290	2,206	1,999	1,049	1,049	1,113	978	978	458	348
Operating profit (loss)`9901`	-183,398	-16,742	-9,511	-11,870	-31,887	-13,952	-118,832	-17,754	-42,872	-12,209	-15,166	-15,420	-38,793
Financial income`75/76B`	1.6m	894,253	4.1m	496,138	1.9m	1.9m	3.7m	1.2m	2.3m	1.1m	387,411	208,377	66,082
Recurring financial income`75`	212,254	15,706	44,146	-	-	-	-	-	-	-	387,411	208,377	66,082
Non-recurring financial income`76B`	1.4m	878,548	4.0m	496,138	1.9m	1.9m	3.7m	1.2m	2.3m	1.1m	-	-	-
Financial charges`65/66B`	847,643	609,472	5.8m	3.6m	843,742	1.1m	1.3m	1.2m	740,701	980,891	706,551	130,707	61,283
Recurring financial charges`65`	68,317	122,306	72,705	-	-	-	-	-	-	-	706,551	130,707	61,283
Non-recurring financial charges`66B`	779,326	487,166	5.7m	3.6m	843,742	1.1m	1.3m	1.2m	740,701	980,891	-	-	-
Profit (loss) for the period before taxes`9903`	555,608	268,040	-1.7m	-3.1m	1.0m	832,417	2.3m	-17,832	1.5m	88,998	-334,306	62,249	323
Income taxes`67/77`	-	-	-	31,229	176,172	225,874	-	9,384	31,901	7,115	2,397	-	-
Profit (loss) for the period`9904`	555,608	268,040	-1.7m	-3.1m	864,718	606,543	2.3m	-27,216	1.5m	81,883	-336,703	62,249	323
Profit (loss) for the period to be appropriated`9905`	555,608	268,040	-1.7m	-3.1m	864,718	606,543	2.3m	-27,216	1.5m	81,883	-336,703	62,249	323
Appropriation of the result
Profit (loss) to be appropriated`9906`	543,243	-12,365	-280,405	1.4m	4.6m	3.7m	3.4m	1.2m	1.3m	-195,376	-277,259	62,556	323
Profit (loss) brought forward from the previous period`14P`	-12,365	-280,405	1.4m	4.6m	3.7m	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	349,488	-	74,429	4,094	-	3,112	16
To the legal reserve`6920`	-	-	-	-	-	-	349,488	-	74,429	4,094	-	3,112	16
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	22-06-2026	2026-00184254	PDF
31-12-2024	micro format	02-08-2025	2025-00356437	PDF
31-12-2023	micro format	13-08-2024	2024-00342599	PDF
31-12-2022	micro format	03-10-2023	2023-00467839	PDF
31-12-2021	micro format	01-08-2022	2022-20263694	PDF
31-12-2020	micro format	24-08-2021	2021-52200394	PDF
31-12-2019	micro format	15-10-2020	2020-61700082	PDF
31-12-2018	micro format	29-07-2019	2019-39400537	PDF
31-12-2017	micro format	26-06-2018	2018-22800384	PDF
31-12-2016	micro format	14-07-2017	2017-31600410	PDF
31-12-2015	full format	02-06-2016	2016-15000064	PDF
31-12-2014	full format	31-07-2015	2015-38300034	PDF
31-12-2013	full format	05-06-2014	2014-15700126	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
EBITDA	-177,403	-4,884	2,346	-13	-20,030	-3,914	-	-	-	-	-	-	-33,778
Cash flow	561,603	279,897	-1.7m	-3.1m	876,576	616,581	-	-	-	-	-	-	5,338
Investment in fixed assets (approximation)	-425,835	1,801	-2.2m	3,484	285,000	783,260	482,053	2.9m	2.2m	655,701	363,095	719,172	4.1m
Change in cash	1.1m	-246,467	31,848	-407,810	-905,238	-1.6m	2.6m	-2.7m	3.7m	-74,338	3,183	61,988	-
Working capital	4.9m	3.9m	3.7m	3.2m	3.5m	2.9m	3.1m	-3.0m	-757,661	-1.5m	-1.1m	-414,241	242,682
Solvency	83.7%	72.1%	50.0%	54.0%	61.8%	60.5%	50.0%	35.8%	41.1%	35.3%	36.2%	80.0%	96.0%
Current ratio	5.85	3.18	1.83	1.61	1.61	1.53	1.41	0.70	0.90	0.81	0.84	0.62	2.36
Debt to equity	0.19	0.39	1.00	0.85	0.62	0.65	0.99	1.79	1.43	1.83	1.76	0.25	0.04
ROE	10.5%	5.7%	-38.4%	-50.8%	9.3%	7.2%	28.8%	-0.5%	26.5%	2.0%	-8.3%	1.4%	0.0%
ROA	8.8%	4.1%	-19.2%	-27.4%	5.7%	4.3%	14.4%	-0.2%	10.9%	0.7%	-3.0%	1.1%	0.0%
Interest coverage	-2.60	-0.04	0.03	0.00	-0.02	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Financial fixed assets	-	-	-	€3,484	€285,000
Depreciation and write-downs of the year	€5,995	€11,858	€11,858	€11,858	€11,858

BUBALE

Annual accounts 2025

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Change in equityin €m

Change in cashin €m

Filed annual accounts

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