BUDDING
ActiveSummary
BUDDING has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.12M and a net result of €63k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-9
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.05M at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.5 in 2024; short-term debt: 2% and cash: 0.6% of total assets), and 10.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
89.4%
Return on assets
0.4%
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 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
3 d early
2023
6 d early
2022
on the day
2021
54 d early
2020
41 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14.12M▲ 265%
2024 · €3.87M
2019: €3.71M
2020: €3.80M▲ +2.4% vs 2019
2021: €3.91M▲ +2.8% vs 2020
2022: €4.55M▲ +16.3% vs 2021
2023: €3.65M▼ -19.8% vs 2022lowest in 7 years
2024: €3.87M▲ +6.1% vs 2023
2025: €14.12M▲ +265% vs 2024highest in 7 years
2019 → 2025
Total assets
€15.79M▲ 196%
2024 · €5.34M
2019: €5.58M
2020: €6.15M▲ +10.3% vs 2019
2021: €6.21M▲ +1.0% vs 2020
2022: €6.00M▼ -3.4% vs 2021
2023: €4.98M▼ -16.9% vs 2022lowest in 7 years
2024: €5.34M▲ +7.1% vs 2023
2025: €15.79M▲ +196% vs 2024highest in 7 years
2019 → 2025
Net result
€63k▼ 71.6%
2024 · €223k
2019: €2klowest in 7 years
2020: €139k▲ +7483% vs 2019
2021: €106k▼ -24.3% vs 2020
2022: €638k▲ +504% vs 2021highest in 7 years
2023: €48k▼ -92.5% vs 2022
2024: €223k▲ +364% vs 2023
2025: €63k▼ -71.6% vs 2024
2019 → 2025
Working capital
€274k▼ 38.3%
2024 · €444k
2019: €-237klowest in 7 years
2020: €608k▲ +356% vs 2019
2021: €705k▲ +16.0% vs 2020
2022: €896k▲ +27.1% vs 2021highest in 7 years
2023: €201k▼ -77.5% vs 2022
2024: €444k▲ +121% vs 2023
2025: €274k▼ -38.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.91M-€4.55M▲ 16.3%€3.65M▼ 19.8%€3.87M▲ 6.1%€14.12M▲ 265%
2021: €3.91M
2022: €4.55M▲ +16.3% vs 2021
2023: €3.65M▼ -19.8% vs 2022lowest in 5 years
2024: €3.87M▲ +6.1% vs 2023
2025: €14.12M▲ +265% vs 2024highest in 5 years
Operating result€230k-€159k▼ 31.1%€109k▼ 31.2%€243k▲ 122%€138k▼ 43.3%
2021: €230k
2022: €159k▼ -31.1% vs 2021
2023: €109k▼ -31.2% vs 2022lowest in 5 years
2024: €243k▲ +122% vs 2023highest in 5 years
2025: €138k▼ -43.3% vs 2024
Net result€106k-€638k▲ 504%€48k▼ 92.5%€223k▲ 364%€63k▼ 71.6%
2021: €106k
2022: €638k▲ +504% vs 2021highest in 5 years
2023: €48k▼ -92.5% vs 2022lowest in 5 years
2024: €223k▲ +364% vs 2023
2025: €63k▼ -71.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.79M
Fixed assets
€15.19M ▲ 230%
Current assets
€596k ▼ 19.4%
Equity and liabilities €15.79M
Equity
€14.12M ▲ 265%
Provisions
€178k ▼ 2.6%
Debt
€1.49M ▲ 15.8%
Debt's share of the balance-sheet total falls from 24.1% to 9.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€277k▼
2024 · €352k
Cash flow
€203k▼
2024 · €332k
Current ratio
1.85▼
2024 · 2.50
Debt to equity
0.11▼
2024 · 0.33
ROE
0.4%▼
2024 · 5.8%
ROA
0.4%▼
2024 · 4.2%
Interest coverage
4.95▼
2024 · 5.46
Debt ≤ 1 year
€323k▲
2024 · €296k
Debt > 1 year
€1.12M▲
2024 · €920k
Income taxes
€34k▼
2024 · €144k
Staff costs
€16k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.34M€15.79M▲
Fixed assets21/28€4.60M€15.19M▲
Intangible fixed assets21€13-
Tangible fixed assets22/27€4.60M€15.19M▲
Land and buildings22€4.52M€15.13M▲
Plant, machinery and equipment23€28k€25k▼
Furniture and vehicles24€51k€39k▼
Financial fixed assets28€133€133=
Current assets29/58€740k€596k▼
Amounts receivable within one year40/41€143k€186k▲
Trade receivables40€20k€10k▼
Other amounts receivable41€122k€177k▲
Current investments50/53€338k€308k▼
Cash at bank and in hand54/58€260k€102k▼
Equity and liabilities
Total equity and liabilities10/49€5.34M€15.79M▲
Equity10/15€3.87M€14.12M▲
Contributions10/11€93k€93k=
Capital10€92k€92k=
Issued capital100€92k€92k=
Outside capital11€496€496=
Share premium1100/10€496€496=
Revaluation surpluses12€2.69M€12.88M▲
Reserves13€1.08M€1.15M▲
Non-distributable reserves130/1€317k€317k=
Legal reserve130€9k€9k=
Own shares acquired1312€308k€308k=
Tax-exempt reserves132€547k€528k▼
Distributable reserves133€219k€302k▲
Provisions and deferred taxes16€183k€178k▼
Deferred taxes168€183k€178k▼
Amounts payable17/49€1.29M€1.49M▲
Amounts payable after more than one year17€920k€1.12M▲
Financial debts170/4€920k€1.12M▲
Amounts payable within one year42/48€296k€323k▲
Current portion of amounts payable after more than one year42€30k€27k▼
Trade debts44€99k€92k▼
Suppliers440/4€99k€92k▼
Taxes, remuneration and social security45€89k€116k▲
Taxes450/3€85k€111k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€78k€87k▲
Accrued charges and deferred income492/3€69k€52k▼
Income statement
Code20242025
Remuneration, social security and pensions62€16k€16k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€139k▲
Other operating charges640/8€58k€57k▼
Gross operating margin9900€426k€350k▼
Operating profit (loss)9901€243k€138k▼
Financial income75/76B€188k€11k▼
Recurring financial income75€4k€11k▲
Non-recurring financial income76B€184k-
Financial charges65/66B€64k€56k▼
Recurring financial charges65€64k€56k▼
Profit (loss) for the period before taxes9903€366k€93k▼
Transfer from deferred taxes780€688€5k▲
Income taxes67/77€144k€34k▼
Profit (loss) for the period9904€223k€63k▼
Transfer from tax-exempt reserves789€3k€19k▲
Profit (loss) for the period to be appropriated9905€226k€82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€82k▼
Profit (loss) brought forward from the previous period14P€-111k-
Transfer to equity691/2€115k€82k▼
To other reserves6921€115k€82k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15k | €15k | €16k | €16k | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120k | €106k | €102k | €109k | €139k | ▲ 27.6% |
| Other operating charges640/8 | - | €152k | €85k | €58k | €57k | ▼ 0.5% |
| Gross operating margin9900 | €418k | €431k | €311k | €426k | €350k | ▼ 17.7% |
| Operating profit (loss)9901 | €230k | €159k | €109k | €243k | €138k | ▼ 43.3% |
| Financial income75/76B | - | €746k | €5k | €188k | €11k | ▼ 94.1% |
| Recurring financial income75 | €8k | €9k | €5k | €4k | €11k | ▲ 155% |
| Non-recurring financial income76B | - | €737k | - | €184k | - | - |
| Financial charges65/66B | - | €70k | €49k | €64k | €56k | ▼ 13.2% |
| Recurring financial charges65 | €93k | €70k | €49k | €64k | €56k | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €146k | €835k | €65k | €366k | €93k | ▼ 74.7% |
| Transfer from deferred taxes780 | - | - | - | €688 | €5k | ▲ 597% |
| Transfer to deferred taxes680 | - | €183k | - | - | - | - |
| Income taxes67/77 | €41k | €14k | €17k | €144k | €34k | ▼ 76.2% |
| Profit (loss) for the period9904 | €106k | €638k | €48k | €223k | €63k | ▼ 71.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €3k | €19k | ▲ 597% |
| Transfer to tax-exempt reserves689 | - | €550k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €106k | €87k | €48k | €226k | €82k | ▼ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.21M | €6.00M | €4.98M | €5.34M | €15.79M | ▲ 196% |
| Fixed assets21/28 | €4.78M | €4.46M | €4.39M | €4.60M | €15.19M | ▲ 230% |
| Intangible fixed assets21 | - | - | - | €13 | - | - |
| Tangible fixed assets22/27 | €4.78M | €4.46M | €4.39M | €4.60M | €15.19M | ▲ 230% |
| Land and buildings22 | - | €4.43M | €4.35M | €4.52M | €15.13M | ▲ 235% |
| Plant, machinery and equipment23 | - | €34k | €33k | €28k | €25k | ▼ 8.9% |
| Furniture and vehicles24 | - | €1k | €3k | €51k | €39k | ▼ 22.3% |
| Financial fixed assets28 | €133 | €133 | €133 | €133 | €133 | = |
| Current assets29/58 | €1.43M | €1.53M | €596k | €740k | €596k | ▼ 19.4% |
| Amounts receivable within one year40/41 | €800k | €910k | €244k | €143k | €186k | ▲ 30.7% |
| Trade receivables40 | - | €36k | €9k | €20k | €10k | ▼ 53.2% |
| Other amounts receivable41 | - | €873k | €235k | €122k | €177k | ▲ 44.8% |
| Current investments50/53 | €615k | €615k | €308k | €338k | €308k | ▼ 8.9% |
| Cash at bank and in hand54/58 | €18k | €9k | €45k | €260k | €102k | ▼ 60.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.21M | €6.00M | €4.98M | €5.34M | €15.79M | ▲ 196% |
| Equity10/15 | €3.91M | €4.55M | €3.65M | €3.87M | €14.12M | ▲ 265% |
| Contributions10/11 | €74k | €74k | €93k | €93k | €93k | = |
| Capital10 | - | €74k | €92k | €92k | €92k | = |
| Issued capital100 | - | €74k | €92k | €92k | €92k | = |
| Outside capital11 | - | - | €496 | €496 | €496 | = |
| Share premium1100/10 | - | - | €496 | €496 | €496 | = |
| Revaluation surpluses12 | - | €2.69M | €2.69M | €2.69M | €12.88M | ▲ 378% |
| Reserves13 | €1.14M | €1.78M | €971k | €1.08M | €1.15M | ▲ 5.8% |
| Non-distributable reserves130/1 | - | €622k | €317k | €317k | €317k | = |
| Legal reserve130 | - | €7k | €9k | €9k | €9k | = |
| Own shares acquired1312 | - | €615k | €308k | €308k | €308k | = |
| Tax-exempt reserves132 | - | €550k | €550k | €547k | €528k | ▼ 3.5% |
| Distributable reserves133 | - | €605k | €104k | €219k | €302k | ▲ 37.6% |
| Profit (loss) carried forward14 | - | - | €-111k | - | - | - |
| Provisions and deferred taxes16 | €204k | €373k | €348k | €183k | €178k | ▼ 2.6% |
| Provisions for liabilities and charges160/5 | - | €189k | €164k | - | - | - |
| Major repairs and maintenance162 | - | €189k | €164k | - | - | - |
| Deferred taxes168 | - | €183k | €183k | €183k | €178k | ▼ 2.6% |
| Amounts payable17/49 | €2.10M | €1.08M | €989k | €1.29M | €1.49M | ▲ 15.8% |
| Amounts payable after more than one year17 | €1.32M | €392k | €544k | €920k | €1.12M | ▲ 21.2% |
| Financial debts170/4 | - | €392k | €544k | €920k | €1.12M | ▲ 21.2% |
| Amounts payable within one year42/48 | €728k | €639k | €395k | €296k | €323k | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €159k | €22k | €30k | €27k | ▼ 10.1% |
| Financial debts43 | - | €80k | €96k | - | - | - |
| Credit institutions430/8 | - | €80k | €96k | - | - | - |
| Trade debts44 | €12k | €131k | €122k | €99k | €92k | ▼ 6.9% |
| Suppliers440/4 | - | €131k | €122k | €99k | €92k | ▼ 6.9% |
| Advances received on contracts in progress46 | - | €7k | €1k | - | - | - |
| Taxes, remuneration and social security45 | - | €72k | €72k | €89k | €116k | ▲ 30.4% |
| Taxes450/3 | - | €72k | €68k | €85k | €111k | ▲ 31.1% |
| Remuneration and social security454/9 | - | - | €4k | €4k | €5k | ▲ 16.4% |
| Other amounts payable47/48 | - | €190k | €82k | €78k | €87k | ▲ 11.9% |
| Accrued charges and deferred income492/3 | - | €49k | €50k | €69k | €52k | ▼ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106k | €638k | €48k | €223k | €63k | ▼ 71.6% |
| + Depreciation and write-downs630 | €120k | €106k | €102k | €109k | €139k | ▲ 27.6% |
| Operating cash flow (approximation) | €225k | €743k | €150k | €332k | €203k | ▼ 39.0% |
| Investment in fixed assets (approximation) | - | €206k | €-25k | €-320k | €-10.73M | ▼ 3,255% |
| Change in cash | - | €-8k | €35k | €215k | €-157k | ▼ 173% |
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
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €10MEq €14.12M ▲265%
7 profitable years in a row build equity to €14.12M.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €638k ▲504%
Net result €638k, the highest in the series.
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 1.89
Current ratio from 0.72 to 1.89; short-term debt falls from €839k to €681k.
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
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.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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 2000
Ground area
270 m²
Building footprint
82 m²
Volume, LiDAR
979 m³
Parcel 21811M1407/00N000, Brussels · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Zennestraat 22, 1000 Brussel
since 20002.081.495.680
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1407/00N000 | Brussels | 270 m² | 1 · 82 m² | 17.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 1,741 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-03-1997
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
Verslag raad van bestuur. Verslag commissaris-revisor. Goedkeuring jaarrekening per 30.06.2004. Bestemming resultaat. Ontslag, benoe- ming. Bezoldigingen. Kwijting bestuurders. Kwijting commissaris- revisor. Allerlei. Zich richten naar de statuten. (84693) « Budding », naamloze vennootschap, Zennestraat 22, 1000 Brussel Ondernemingsnummer 0460.304.095 Bij besluit van de jaarlijkse algemene vergadering van 30.11.2004, werd de jaarlijkse algemene vergadering met drie weken verdaagd en een nieuwe buitengewone algemene vergadering bijeengeroepen op 21.12.2004, om 19 uur, op de maatschappelijke zetel met op de agenda volgende punten : 1. Verslag van de raad van bestuur. 2. Bezoldigingen. 3. Bespr ...