BUDGET GLASS
ActiveSummary
BUDGET GLASS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €2k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 15% of 1037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency31=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.57 in 2024; short-term debt: 69.6% and cash: 7.2% of total assets), and 93.6% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
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
6.4%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1037 sector peers (2025).
NBB · sector comparisonPosition among 1037 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
51 d early
2023
58 d early
2022
56 d early
2021
47 d early
2020
54 d early
2019
43 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€47k▲ 5.2%
2024 · €45k
2018: €39k
2019: €41k
2020: €42k
2021: €42k
2022: €42k
2023: €43k
2024: €45k
2018 → 2025
Total assets
€731k▼ 9.7%
2024 · €809k
2018: €748k
2019: €845k
2020: €721k
2021: €739k
2022: €650k
2023: €882k
2024: €809k
2018 → 2025
Net result
€2k▲ 92.2%
2024 · €1k
2018: €3k
2019: €2k
2020: €396
2021: €338
2022: €350
2023: €1k
2024: €1k
2018 → 2025
Working capital
€-217k▲ 2.1%
2024 · €-222k
2018: €-122k
2019: €-152k
2020: €-139k
2021: €-137k
2022: €-119k
2023: €-157k
2024: €-222k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€42k▲ 0.8%€43k▲ 2.5%€45k▲ 2.8%€47k▲ 5.2%
Operating result€2k-€3k▲ 21.3%€7k▲ 168%€10k▲ 40.5%€10k▼ 3.5%
Net result€338-€350▲ 3.7%€1k▲ 198%€1k▲ 15.7%€2k▲ 92.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €731k
Fixed assets
€439k ▼ 13.8%
Current assets
€292k ▼ 2.6%
Equity and liabilities €731k
Equity
€47k ▲ 5.2%
Debt
€684k ▼ 10.5%
Debt's share of the balance-sheet total falls from 94.5% to 93.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80k▲
2024 · €77k
Cash flow
€73k▲
2024 · €68k
Current ratio
0.57▼
2024 · 0.57
Quick ratio
0.54▼
2024 · 0.54
Debt to equity
14.55▼
2024 · 17.11
ROE
4.9%▲
2024 · 2.7%
ROA
0.3%▲
2024 · 0.1%
Interest coverage
10.16▲
2024 · 7.80
Debt ≤ 1 year
€509k▼
2024 · €521k
Debt > 1 year
€175k▼
2024 · €243k
Income taxes
€3k▲
2024 · €3k
Staff costs
€377k▲
2024 · €342k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€809k€731k▼
Fixed assets21/28€509k€439k▼
Tangible fixed assets22/27€501k€430k▼
Land and buildings22€336k€313k▼
Plant, machinery and equipment23€25k€18k▼
Furniture and vehicles24€137k€98k▼
Other tangible fixed assets26€2k€969▼
Financial fixed assets28€8k€8k=
Current assets29/58€300k€292k▼
Stocks and contracts in progress3€17k€16k▼
Stocks30/36€17k€16k▼
Amounts receivable within one year40/41€210k€211k▲
Trade receivables40€189k€211k▲
Other amounts receivable41€21k-
Cash at bank and in hand54/58€69k€53k▼
Deferred charges and accrued income490/1€4k€12k▲
Equity and liabilities
Total equity and liabilities10/49€809k€731k▼
Equity10/15€45k€47k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€24k€27k▲
Amounts payable17/49€764k€684k▼
Amounts payable after more than one year17€243k€175k▼
Financial debts170/4€243k€175k▼
Amounts payable within one year42/48€521k€509k▼
Current portion of amounts payable after more than one year42€68k€68k▲
Trade debts44€171k€157k▼
Suppliers440/4€171k€157k▼
Taxes, remuneration and social security45€45k€44k▼
Taxes450/3-€3k
Remuneration and social security454/9€45k€42k▼
Other amounts payable47/48€238k€240k▲
Income statement
Code20242025
Non-recurring operating income76A€67k-
Remuneration, social security and pensions62€342k€377k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€70k▲
Other operating charges640/8€6k€8k▲
Gross operating margin9900€426k€465k▲
Operating profit (loss)9901€10k€10k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€4k€5k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€1k€2k▲
Profit (loss) for the period to be appropriated9905€1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€27k▲
Profit (loss) brought forward from the previous period14P€23k€24k▲
The notes to these accounts (9 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
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €338 ▼14.7%
Net result drops to €338, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Brugge · 2 establishment units since 1999
Ground area
3.9 ha
Building footprint
3,773 m²
Volume, LiDAR
21,633 m³
2 parcels, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Budget Glass
since 19992.056.691.196
Budget Glass Ieper
since 20032.220.869.537
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1039/00H005 | Flanders | 2.9 ha | 1 · 976 m² | 0.1 m |
| 31424B0766/00P000 | Flanders | 9,339 m² | 1 · 2,797 m² | 8.8 m · 3 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.
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LIMBURGSE LPG TECHNIEKEN
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AUTO VIRAGE
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Of 757 companies in sector 95313 we hold annual accounts for 289. 220 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
95313Repair and fitting of specific motor vehicle parts
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.