BUDO Michel
ActiveBUDO Michel has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €337k and a net result of €22k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 58% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+2
Solvency78▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.61 in 2024; short-term debt: 39.4% and cash: 19.6% of total assets), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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
52.9%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021232425
2018 to 2025 · latest year €337k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
4 d early
2023
36 d early
2021
78 d late
2020
61 d late
2019
101 d late
2018
61 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▲ 79.8%
2024 · €12k
2018: €22k
2019: €22k
2020: €4k
2021: €-13k
2023: €14k
2024: €12k
2018 → 2025
Working capital
€278k▲ 22.5%
2024 · €227k
2018: €255k
2019: €268k
2020: €258k
2021: €229k
2023: €248k
2024: €227k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€314k-€301k▼ 4.2%€303k▲ 0.7%€315k▲ 4.0%€337k▲ 7.0%
Operating result€8k-€11k▲ 50.6%€17k▲ 53.1%€20k▲ 12.2%€32k▲ 65.0%
Net result€4k-€-13k€14k€12k▼ 13.9%€22k▲ 79.8%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637k
Fixed assets
€107k▼ 21.8%
Current assets
€530k▼ 11.7%
Equity and liabilities €637k
Equity
€337k▲ 7.0%
Debt
€300k▼ 28.9%
The debt ratio falls from 57.3% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▲
2024 · €48k
Cash flow
€53k▲
2024 · €40k
Solvency
52.9%▲
2024 · 42.7%
Current ratio
2.11▲
2024 · 1.61
Quick ratio
1.29▲
2024 · 1.06
Debt / equity
0.89▼
2024 · 1.34
ROE
6.5%▲
2024 · 3.9%
ROA
3.4%▲
2024 · 1.7%
Interest coverage
14.74▲
2024 · 11.69
Debt
€300k▼
2024 · €423k
Debt ≤ 1 year
€251k▼
2024 · €373k
Debt > 1 year
€49k▼
2024 · €50k
Income taxes
€8k▼
2024 · €10k
Staff costs
€178k▼
2024 · €194k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€737k€637k▼
Fixed assets21/28€137k€107k▼
Tangible fixed assets22/27€134k€104k▼
Land and buildings22€5k€4k▼
Plant, machinery and equipment23€39k€33k▼
Furniture and vehicles24€91k€67k▼
Financial fixed assets28€3k€3k=
Current assets29/58€600k€530k▼
Stocks and contracts in progress3€206k€206k▼
Stocks30/36€206k€206k▼
Amounts receivable within one year40/41€301k€197k▼
Trade receivables40€301k€197k▼
Other amounts receivable41€862-
Cash at bank and in hand54/58€88k€125k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€737k€637k▼
Equity10/15€315k€337k▲
Contributions10/11€25k€25k=
Outside capital11€25k-
Other1109/19€25k-
Reserves13€240k€260k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€237k€257k▲
Profit (loss) carried forward14€50k€52k▲
Amounts payable17/49€423k€300k▼
Amounts payable after more than one year17€50k€49k▼
Financial debts170/4€50k€49k▼
Amounts payable within one year42/48€373k€251k▼
Current portion of amounts payable after more than one year42€11k€18k▲
Trade debts44€161k€49k▼
Suppliers440/4€161k€49k▼
Taxes, remuneration and social security45€118k€89k▼
Taxes450/3€55k€55k▼
Remuneration and social security454/9€63k€35k▼
Other amounts payable47/48€83k€96k▲
Accrued charges and deferred income492/3-€107
Income statement
Code20242025
Non-recurring operating income76A-€75k
Remuneration, social security and pensions62€194k€178k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€31k▲
Other operating charges640/8€9k€11k▲
Gross operating margin9900€251k€252k▲
Operating profit (loss)9901€20k€32k▲
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€22k€30k▲
Income taxes67/77€10k€8k▼
Profit (loss) for the period9904€12k€22k▲
Profit (loss) for the period to be appropriated9905€12k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€72k▲
Profit (loss) brought forward from the previous period14P€38k€50k▲
Transfer to equity691/2-€20k
To the legal reserve6920-€20k
Social balance
Average headcount (FTE)90874.0-
The notes to these accounts (11 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €22k ▲79.8%
Operating result €32k, net result €22k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet €-13k ▼465%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 101 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 134 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 289 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Oreye · 1 establishment unit since 1991
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.
Ancienne Chaussée Romaine 74360 OreyeGround area
2,998 m²
Building footprint
843 m²
Volume, LiDAR
4,572 m³
Parcel 64445A0470/00W000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ancienne Chaussée Romaine 7, 4360 Oreye
since 19912.053.527.117
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64445A0470/00W000 | Wallonia | 2,998 m² | 1 · 843 m² | 7.3 m · 2 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.
Similar companies · same sector, comparable size
PAUWELS
BE 0450.225.005
Hasselt · Eq €338k
GEM EUROPE
BE 0416.606.783
Mons · Eq €336k
LIPIKO
BE 0837.977.357
Tubize · Eq €340k
ELPO - CUISINEX G.H.G.
BE 0431.238.739
Hasselt · Eq €333k
Simac PHI DATA
BE 0421.715.616
Wemmel · Eq €332k
Of 828 companies in sector 46620 we hold annual accounts for 642. 511 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1990
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
46620Wholesale of machine tools
51880
01410Raising of dairy cattle
29322
33120Repair and maintenance of machinery
46319Wholesale of fruit and vegetables, excluding potatoes
47300Retail sale of automotive fuel
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
51310
52481
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.