BUDRENCOM
ActiveSummary
The computed 12-month bankruptcy probability of BUDRENCOM is 4.1% (elevated). The 2025 annual accounts show negative equity (-€83,367) and a net result of -€14,690. Equity is shrinking by ~66.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 28051 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.32 in 2024; short-term debt: 338.2% and cash: 70% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-457.8%
Return on assets
-80.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€83,367
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 d late
2022
680 d late
2021
1045 d late
2020
1410 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 543 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
-€83,367▼ 21.4%
2024 · -€68,676
Total assets
€18,209▲ 15.7%
2024 · €15,734
Net result
-€14,690▲ 43.2%
2024 · -€25,842
Working capital
-€43,782▼ 46.8%
2024 · -€29,825
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,981€3,184-€74,510-€22,985▲ 69.2%-€14,269▲ 37.9%
Net result-€959-€924▲ 3.7%-€74,849▼ 8,004%-€25,842▲ 65.5%-€14,690▲ 43.2%
Equity€32,938▼ 2.8%€32,014▼ 2.8%-€42,834-€68,676▼ 60.3%-€83,367▼ 21.4%
Total assets€106,656▲ 23.2%€92,942▼ 12.9%€22,781▼ 75.5%€15,734▼ 30.9%€18,209▲ 15.7%
Debt€73,718▲ 40.0%€60,928▼ 17.4%€65,616▲ 7.7%€84,410▲ 28.6%€101,576▲ 20.3%
Working capital€47,335▲ 14.0%€53,177▲ 12.3%-€13,076-€29,825▼ 128%-€43,782▼ 46.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,269 in 2025 against €22,985 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18,209
Fixed assets
€415 ▼ 75.0%
Current assets
€17,794 ▲ 26.4%
Key figures and ratios
EBITDA
-€13,026▲
2024 · -€14,401
Cash flow
-€13,448▲
2024 · -€17,258
Solvency
-457.8%▼
2024 · -436.5%
Current ratio
0.29▼
2024 · 0.32
Quick ratio
0.25▼
2024 · 0.27
Debt to equity
-1.22▲
2024 · -1.23
ROA
-80.7%▲
2024 · -164.2%
Interest coverage
-65.80▲
2024 · -85.25
Debt ≤ 1 year
€61,576▲
2024 · €43,902
Debt > 1 year
€40,000=
2024 · €40,000
Income taxes
€224▼
2024 · €2,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,054 | €8,536 | €8,596 | €8,584 | €1,242 | ▼ 85.5% |
| Other operating charges640/8 | €1,170 | €2,037 | €1,495 | €2,061 | €2,128 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | €52,922 | - | - | - |
| Gross operating margin9900 | €6,243 | €13,757 | -€11,496 | -€12,340 | -€10,898 | ▲ 11.7% |
| Operating profit (loss)9901 | -€2,981 | €3,184 | -€74,510 | -€22,985 | -€14,269 | ▲ 37.9% |
| Financial income75/76B | €2,130 | €3,000 | - | €2 | - | - |
| Recurring financial income75 | €2,130 | €3,000 | - | €2 | - | - |
| Financial charges65/66B | €108 | €169 | €339 | €169 | €198 | ▲ 17.2% |
| Recurring financial charges65 | €108 | €169 | €339 | €169 | €198 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | -€959 | €6,016 | -€74,849 | -€23,152 | -€14,467 | ▲ 37.5% |
| Income taxes67/77 | - | €6,939 | - | €2,690 | €224 | ▼ 91.7% |
| Profit (loss) for the period9904 | -€959 | -€924 | -€74,849 | -€25,842 | -€14,690 | ▲ 43.2% |
| Profit (loss) for the period to be appropriated9905 | -€959 | -€924 | -€74,849 | -€25,842 | -€14,690 | ▲ 43.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,656 | €92,942 | €22,781 | €15,734 | €18,209 | ▲ 15.7% |
| Fixed assets21/28 | €25,603 | €18,838 | €10,241 | €1,657 | €415 | ▼ 75.0% |
| Tangible fixed assets22/27 | €25,603 | €18,838 | €10,241 | €1,657 | €415 | ▼ 75.0% |
| Plant, machinery and equipment23 | €111 | €1,547 | €1,152 | €769 | €415 | ▼ 46.0% |
| Furniture and vehicles24 | €25,492 | €17,291 | €9,090 | €888 | - | - |
| Current assets29/58 | €81,053 | €74,104 | €12,540 | €14,077 | €17,794 | ▲ 26.4% |
| Stocks and contracts in progress3 | - | €1,875 | €2,267 | €2,174 | €2,202 | ▲ 1.3% |
| Stocks30/36 | - | €1,875 | €2,267 | €2,174 | €2,202 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €65,003 | €65,463 | €4,092 | €2,848 | €133 | ▼ 95.3% |
| Trade receivables40 | €20,961 | €4,710 | - | €1,944 | €133 | ▼ 93.2% |
| Other amounts receivable41 | €44,042 | €60,754 | €4,092 | €904 | - | - |
| Cash at bank and in hand54/58 | €14,949 | €6,766 | €6,181 | €9,055 | €12,751 | ▲ 40.8% |
| Deferred charges and accrued income490/1 | €1,101 | - | - | - | €2,709 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,656 | €92,942 | €22,781 | €15,734 | €18,209 | ▲ 15.7% |
| Equity10/15 | €32,938 | €32,014 | -€42,834 | -€68,676 | -€83,367 | ▼ 21.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €12,478 | €11,554 | -€63,294 | -€89,136 | -€103,827 | ▼ 16.5% |
| Amounts payable17/49 | €73,718 | €60,928 | €65,616 | €84,410 | €101,576 | ▲ 20.3% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Financial debts170/4 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Amounts payable within one year42/48 | €33,718 | €20,928 | €25,616 | €43,902 | €61,576 | ▲ 40.3% |
| Trade debts44 | €0 | - | €1,788 | €1,180 | €2,312 | ▲ 95.9% |
| Suppliers440/4 | €0 | - | €1,788 | €1,180 | €2,312 | ▲ 95.9% |
| Taxes, remuneration and social security45 | - | €828 | - | - | €327 | - |
| Taxes450/3 | - | €828 | - | - | €327 | - |
| Other amounts payable47/48 | €33,718 | €20,100 | €23,828 | €42,722 | €58,938 | ▲ 38.0% |
| Accrued charges and deferred income492/3 | - | - | - | €509 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€959 | -€924 | -€74,849 | -€25,842 | -€14,690 | ▲ 43.2% |
| + Depreciation and write-downs630 | €8,054 | €8,536 | €8,596 | €8,584 | €1,242 | ▼ 85.5% |
| Operating cash flow (approximation) | €7,095 | €7,612 | -€66,252 | -€17,258 | -€13,448 | ▲ 22.1% |
| Investment in fixed assets (approximation) | - | -€1,770 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,183 | -€585 | €2,874 | €3,695 | ▲ 28.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
27-06
KBO administration
Strikeout withdrawn
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 680 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1045 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1410 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€74,849
Net result drops to -€74,849, the lowest in the series; recovery starts the following year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Halle · 1 establishment unit since 2019
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.
Verhavertstraat (Cypriaan) 131500 Halle1 establishment unit
BUDRENCOM
since 20192.284.611.207
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,730 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.