Summary
BUBUS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €328,755 and a net result of €72,369. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 46% of 50 sector peers (NACE 65, financial year 2025). The company has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#6 oldest company in Destelbergen, Finance and insurance sector
Equity
€328,755▼ 20.9%
2024 · €415,386
Net result
€72,369▲ 44.1%
2024 · €50,211
Total assets
€874,119▲ 4.1%
2024 · €839,747
Solvency
37.6%▼ 11.9pp
2024 · 49.5%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 44% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€117,926
2025
Net result€72,369
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€874,119
2025
Equity€328,755
2025
Debt€515,990
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€76,675
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)8.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency37.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.72
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 65, Insurance, reinsurance and pension funding, except compulsory social security: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€147,555-€12,151▼ 91.8%€38,999▲ 221%€49,167▲ 26.1%€46,390▼ 5.6%€82,029▲ 76.8%€117,926▲ 43.8%
Net result€101,660-€4,156within the sector's middle half▼ 95.9%€13,699within the sector's middle half▲ 230%€36,975within the sector's middle half▲ 170%€27,513within the sector's middle half▼ 25.6%€50,211within the sector's middle half▲ 82.5%€72,369within the sector's middle half▲ 44.1%
Equity€382,346-€386,502within the sector's middle half▲ 1.1%€400,200within the sector's middle half▲ 3.5%€377,662within the sector's middle half▼ 5.6%€365,175within the sector's middle half▼ 3.3%€415,386within the sector's middle half▲ 13.7%€328,755within the sector's middle half▼ 20.9%
Total assets€853,527-€776,617within the sector's middle half▼ 9.0%€746,695within the sector's middle half▼ 3.9%€783,286within the sector's middle half▲ 4.9%€804,979within the sector's middle half▲ 2.8%€839,747within the sector's middle half▲ 4.3%€874,119within the sector's middle half▲ 4.1%
Debt€434,680-€355,184▼ 18.3%€312,675▼ 12.0%€372,916▲ 19.3%€408,207▲ 9.5%€393,875▼ 3.5%€515,990▲ 31.0%
Working capital€89,913-€69,969within the sector's middle half▼ 22.2%€80,470within the sector's middle half▲ 15.0%€37,113within the sector's middle half▼ 53.9%-€51,061below the sector's middle half€22,935within the sector's middle half-€76,675below the sector's middle half
Solvency44.8%-49.8%within the sector's middle half▲ 5.0pp53.6%within the sector's middle half▲ 3.8pp48.2%within the sector's middle half▼ 5.4pp45.4%within the sector's middle half▼ 2.9pp49.5%within the sector's middle half▲ 4.1pp37.6%within the sector's middle half▼ 11.9pp
Current ratio1.93-2.13within the sector's middle half▲ 0.203.43above the sector's middle half▲ 1.301.72within the sector's middle half▼ 1.710.57below the sector's middle half▼ 1.151.20within the sector's middle half▲ 0.620.72below the sector's middle half▼ 0.48
Return on assets (ROA)11.9%-0.5%within the sector's middle half▼ 11.4pp1.8%within the sector's middle half▲ 1.3pp4.7%within the sector's middle half▲ 2.9pp3.4%below the sector's middle half▼ 1.3pp6.0%within the sector's middle half▲ 2.6pp8.3%within the sector's middle half▲ 2.3pp
above
within
below
the middle half of NACE 65, Insurance, reinsurance and pension funding, except compulsory social security: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €874,119
Fixed assets
€679,827 ▼ 3.1%
Current assets
€194,292 ▲ 40.4%
Equity and liabilities €874,119
Equity
€328,755 ▼ 20.9%
Provisions
€29,375 ▼ 3.6%
Debt
€515,990 ▲ 31.0%
Debt's share of the balance-sheet total rises from 46.9% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
22.0%▲
2024 · 12.1%
Debt ≤ 1 year
€270,967▲
2024 · €115,401
Debt > 1 year
€219,960▼
2024 · €254,228
Income taxes
€38,691▲
2024 · €26,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,666 | €22,940 | €22,696 | €29,441 | €37,469 | €37,773 | €40,395 | ▲ 6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,848 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €6,006 | €3,599 | €3,010 | €3,114 | ▲ 3.4% |
| Gross operating margin9900 | €175,429 | €58,686 | €60,032 | €82,766 | €87,458 | €122,812 | €161,434 | ▲ 31.4% |
| Operating profit (loss)9901 | €147,555 | €12,151 | €38,999 | €49,167 | €46,390 | €82,029 | €117,926 | ▲ 43.8% |
| Financial income75/76B | - | - | - | €6,413 | €1,656 | €507 | €949 | ▲ 86.9% |
| Recurring financial income75 | €1,504 | €3,785 | €10,828 | €6,413 | €1,656 | €507 | €949 | ▲ 86.9% |
| Financial charges65/66B | - | - | - | €7,945 | €6,561 | €7,293 | €8,925 | ▲ 22.4% |
| Recurring financial charges65 | €10,535 | €9,116 | €9,784 | €7,945 | €6,561 | €7,293 | €8,925 | ▲ 22.4% |
| Profit (loss) for the period before taxes9903 | €138,524 | €6,820 | €40,043 | €47,635 | €41,485 | €75,243 | €109,949 | ▲ 46.1% |
| Transfer from deferred taxes780 | - | - | - | €1,111 | €1,111 | €1,111 | €1,111 | = |
| Income taxes67/77 | €47,507 | €4,235 | €27,456 | €11,771 | €15,084 | €26,143 | €38,691 | ▲ 48.0% |
| Profit (loss) for the period9904 | €101,660 | €4,156 | €13,699 | €36,975 | €27,513 | €50,211 | €72,369 | ▲ 44.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €3,334 | €3,334 | €3,334 | €3,334 | = |
| Profit (loss) for the period to be appropriated9905 | €101,639 | €7,896 | €17,032 | €40,308 | €30,846 | €53,545 | €75,703 | ▲ 41.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €853,527 | €776,617 | €746,695 | €783,286 | €804,979 | €839,747 | €874,119 | ▲ 4.1% |
| Fixed assets21/28 | €666,487 | €644,644 | €633,097 | €694,796 | €735,964 | €701,411 | €679,827 | ▼ 3.1% |
| Tangible fixed assets22/27 | €572,962 | €551,119 | €539,572 | €601,271 | €575,204 | €540,651 | €519,067 | ▼ 4.0% |
| Land and buildings22 | - | - | - | €524,559 | €518,686 | €501,689 | €493,594 | ▼ 1.6% |
| Plant, machinery and equipment23 | - | - | - | €1,766 | €1,740 | €1,162 | €8,347 | ▲ 619% |
| Furniture and vehicles24 | - | - | - | €74,946 | €54,779 | €37,800 | €17,127 | ▼ 54.7% |
| Financial fixed assets28 | €93,525 | €93,525 | €93,525 | €93,525 | €160,760 | €160,760 | €160,760 | = |
| Current assets29/58 | €187,040 | €131,973 | €113,598 | €88,490 | €69,015 | €138,336 | €194,292 | ▲ 40.4% |
| Amounts receivable after more than one year29 | - | - | - | €25,000 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €25,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €39,631 | €51,881 | €20,958 | €6,734 | €19,756 | €51,237 | €34,072 | ▼ 33.5% |
| Trade receivables40 | - | - | - | €1,065 | €19,756 | €51,237 | €34,072 | ▼ 33.5% |
| Other amounts receivable41 | - | - | - | €5,669 | - | - | - | - |
| Current investments50/53 | €24,575 | €21,425 | €21,425 | €21,425 | €21,425 | €28,446 | €27,761 | ▼ 2.4% |
| Cash at bank and in hand54/58 | €82,234 | €16,678 | €8,660 | €34,608 | €27,834 | €58,610 | €132,384 | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | - | €722 | - | €43 | €74 | ▲ 71.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €853,527 | €776,617 | €746,695 | €783,286 | €804,979 | €839,747 | €874,119 | ▲ 4.1% |
| Equity10/15 | €382,346 | €386,502 | €400,200 | €377,662 | €365,175 | €415,386 | €328,755 | ▼ 20.9% |
| Contributions10/11 | €18,600 | - | - | €20,460 | €20,460 | €18,600 | €18,600 | = |
| Reserves13 | €351,952 | €354,152 | €367,819 | €304,972 | €292,438 | €344,465 | €257,831 | ▼ 25.2% |
| Tax-exempt reserves132 | - | - | - | €81,172 | €77,838 | €74,505 | €71,171 | ▼ 4.5% |
| Distributable reserves133 | - | - | - | €223,800 | €214,600 | €269,960 | €186,660 | ▼ 30.9% |
| Profit (loss) carried forward14 | €11,794 | €11,889 | €11,922 | €52,230 | €52,276 | €52,321 | €52,324 | = |
| Provisions and deferred taxes16 | €36,502 | €34,931 | €33,820 | €32,708 | €31,597 | €30,486 | €29,375 | ▼ 3.6% |
| Deferred taxes168 | - | - | - | €32,708 | €31,597 | €30,486 | €29,375 | ▼ 3.6% |
| Amounts payable17/49 | €434,680 | €355,184 | €312,675 | €372,916 | €408,207 | €393,875 | €515,990 | ▲ 31.0% |
| Amounts payable after more than one year17 | €337,552 | €292,774 | €279,547 | €321,539 | €288,131 | €254,228 | €219,960 | ▼ 13.5% |
| Financial debts170/4 | - | - | - | €321,539 | €288,131 | €254,228 | €219,960 | ▼ 13.5% |
| Amounts payable within one year42/48 | €97,128 | €62,004 | €33,128 | €51,377 | €120,076 | €115,401 | €270,967 | ▲ 135% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,920 | €33,407 | €33,903 | €34,268 | ▲ 1.1% |
| Financial debts43 | - | - | - | €3,683 | €3,688 | €3,736 | - | - |
| Credit institutions430/8 | - | - | - | €3,683 | €3,688 | €3,736 | - | - |
| Trade debts44 | €21,972 | €12,932 | €5,981 | €9,048 | €6,015 | €22,950 | €55,328 | ▲ 141% |
| Suppliers440/4 | - | - | - | €9,048 | €6,015 | €22,950 | €55,328 | ▲ 141% |
| Taxes, remuneration and social security45 | - | - | - | €1,473 | €5,974 | €12,757 | €24,706 | ▲ 93.7% |
| Taxes450/3 | - | - | - | €1,473 | €5,974 | €12,757 | €24,706 | ▲ 93.7% |
| Other amounts payable47/48 | - | - | - | €4,253 | €70,993 | €42,054 | €156,665 | ▲ 273% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €24,246 | €25,063 | ▲ 3.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,660 | €4,156 | €13,699 | €36,975 | €27,513 | €50,211 | €72,369 | ▲ 44.1% |
| + Depreciation and write-downs630 | €22,666 | €22,940 | €22,696 | €29,441 | €37,469 | €37,773 | €40,395 | ▲ 6.9% |
| Operating cash flow (approximation) | €124,326 | €27,096 | €36,395 | €66,416 | €64,982 | €87,984 | €112,764 | ▲ 28.2% |
| Investment in fixed assets (approximation) | - | -€1,097 | -€11,148 | -€91,141 | -€78,637 | -€3,219 | -€18,812 | ▼ 484% |
| Change in cash | - | -€65,556 | -€8,018 | €25,949 | -€6,774 | €30,776 | €73,774 | ▲ 140% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | abbreviated format | 30-10-2025 | 2025-00554389 |
| 31-03-2024 | abbreviated format | 29-10-2024 | 2024-00520118 |
| 31-03-2023 | abbreviated format | 31-10-2023 | 2023-00506804 |
| 31-03-2022 | abbreviated format | 10-11-2022 | 2022-20520432 |
| 31-03-2021 | abbreviated format | 08-11-2021 | 2021-76900535 |
| 31-03-2020 | abbreviated format | 26-11-2020 | 2020-72700390 |
| 31-03-2019 | abbreviated format | 21-10-2019 | 2019-71000206 |
| 31-03-2018 | abbreviated format | 31-10-2018 | 2018-71600222 |
| 31-03-2017 | abbreviated format | 01-10-2017 | 2017-65700091 |
| 31-03-2016 | abbreviated format | 30-09-2016 | 2016-64000166 |
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Of the 118 active companies whose main activity is insurance, reinsurance and pension funding, except compulsory social security (NACE 65121), figures are known for 34. 24 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.