BUF Distribution
ActiveSummary
BUF Distribution has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269,625 and a net result of -€6,402. Equity is shrinking by about 3.1% per year across the filed financial years. Its solvency ranks better than 35% of 9,778 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- €269,625
- Loss
- -€6,402
- Parent
- KVL Exploitation Group
- KVL EXPLOITATION GROUPDirector · permanent representative KRYMSKI Vladimir
Why 84raises riskLiquidity: current ratio 1.40, cash €1,649, halvedlowers riskSize: total assets €958,832Founded in 2011Figures for financial year 2025 (filed 15-07-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 38% on solvency, 13% on liquidity, 29% on profitability and 35% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 37 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Liquidity more than doubledcurrent ratio 4.40
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 36% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: 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), Staff (FTE).
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.4% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,423 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €450 | €2,170 | €1,959 | €2,573 | €5,442 | ▲ 111% |
| Gross operating margin9900 | €87,953 | €81,780 | -€108,861 | -€23,663 | -€21,895 | €39,443 | €17,083 | €25,165 | ▲ 47.3% |
| Operating profit (loss)9901 | €85,987 | €80,036 | -€109,705 | -€24,113 | -€24,064 | €37,484 | €14,510 | €19,724 | ▲ 35.9% |
| Financial income75/76B | - | - | - | €2 | €373 | €35 | €438 | €388 | ▼ 11.6% |
| Recurring financial income75 | €555 | €1,328 | €116 | €2 | €373 | €35 | €438 | €388 | ▼ 11.6% |
| Financial charges65/66B | - | - | - | €1,835 | €1,584 | €1,287 | €1,632 | €26,514 | ▲ 16× |
| Recurring financial charges65 | €722 | €667 | €4,220 | €1,835 | €1,584 | €1,287 | €1,632 | €26,514 | ▲ 16× |
| Profit (loss) for the period before taxes9903 | €85,820 | €80,697 | -€113,809 | -€25,947 | -€25,275 | €36,233 | €13,316 | -€6,402 | - |
| Income taxes67/77 | €26,013 | €24,032 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €59,807 | €56,665 | -€113,809 | -€25,947 | -€25,275 | €36,233 | €13,316 | -€6,402 | - |
| Profit (loss) for the period to be appropriated9905 | €59,807 | €56,665 | -€113,809 | -€25,947 | -€25,275 | €36,233 | €13,316 | -€6,402 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €383,972 | €639,478 | €828,904 | €441,861 | €477,561 | €693,595 | €357,314 | €958,832 | ▲ 168% |
| Current assets29/58 | €383,972 | €639,478 | €828,904 | €441,861 | €477,561 | €693,595 | €357,314 | €958,832 | ▲ 168% |
| Stocks and contracts in progress3 | €163,474 | €196,262 | €78,420 | €109,910 | €158,158 | €569,070 | €225,385 | €709,316 | ▲ 215% |
| Stocks30/36 | - | - | - | €109,910 | €158,158 | €569,070 | €225,385 | €709,316 | ▲ 215% |
| Amounts receivable within one year40/41 | €217,778 | €440,787 | €747,343 | €331,077 | €318,510 | €122,833 | €126,261 | €247,469 | ▲ 96.0% |
| Trade receivables40 | - | - | - | €284,945 | €0 | €122,833 | €114,301 | €242,469 | ▲ 112% |
| Other amounts receivable41 | - | - | - | €46,133 | €318,510 | €0 | €11,960 | €5,000 | ▼ 58.2% |
| Cash at bank and in hand54/58 | €2,423 | €2,120 | €2,822 | €542 | €533 | €1,304 | €5,273 | €1,649 | ▼ 68.7% |
| Deferred charges and accrued income490/1 | - | - | - | €331 | €360 | €389 | €395 | €397 | ▲ 0.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €383,972 | €639,478 | €828,904 | €441,861 | €477,561 | €693,595 | €357,314 | €958,832 | ▲ 168% |
| Equity10/15 | €334,845 | €391,510 | €277,701 | €251,754 | €226,479 | €262,711 | €276,027 | €269,625 | ▼ 2.3% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €0 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €0 | - | - | - |
| Profit (loss) carried forward14 | €314,440 | €371,105 | €257,296 | €231,349 | €206,074 | €244,161 | €257,477 | €251,075 | ▼ 2.5% |
| Amounts payable17/49 | €49,127 | €247,968 | €551,203 | €190,107 | €251,082 | €430,884 | €81,287 | €689,207 | ▲ 748% |
| Amounts payable within one year42/48 | €49,127 | €247,951 | €551,203 | €190,107 | €251,082 | €430,884 | €81,287 | €686,042 | ▲ 744% |
| Financial debts43 | - | - | - | €0 | - | - | - | €501,676 | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | €501,676 | - |
| Trade debts44 | €4,863 | €180,406 | €102,431 | €84,198 | €164,432 | €333,460 | €81,287 | €36,584 | ▼ 55.0% |
| Suppliers440/4 | - | - | - | €84,198 | €164,432 | €333,460 | €81,287 | €36,584 | ▼ 55.0% |
| Taxes, remuneration and social security45 | - | - | - | €105,909 | €86,651 | €24,216 | €0 | €11,480 | - |
| Taxes450/3 | - | - | - | €105,909 | €86,651 | €24,216 | €0 | €11,480 | - |
| Other amounts payable47/48 | - | - | - | - | - | €73,207 | €0 | €136,302 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €3,165 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,807 | €56,665 | -€113,809 | -€25,947 | -€25,275 | €36,233 | €13,316 | -€6,402 | - |
| Operating cash flow (approximation) | €59,807 | €56,665 | -€113,809 | -€25,947 | -€25,275 | €36,233 | €13,316 | -€6,402 | - |
| Change in cash | - | -€302 | €701 | -€2,279 | -€9 | €770 | €3,969 | -€3,624 | - |
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 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-07-2026 | 2026-00293764 |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00127900 |
| 31-12-2023 | abbreviated format | 10-06-2024 | 2024-00118337 |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00138420 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20111929 |
| 31-12-2020 | abbreviated format | 18-06-2021 | 2021-21300362 |
| 31-12-2019 | abbreviated format | 03-07-2020 | 2020-26300272 |
| 31-12-2018 | abbreviated format | 05-07-2019 | 2019-29300151 |
| 31-12-2017 | abbreviated format | 10-07-2018 | 2018-31700073 |
| 31-12-2016 | abbreviated format | 10-07-2017 | 2017-31400323 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KVL EXPLOITATION GROUP |
|
Owners and capital
Owners
1 ownerChain of control
- KVL Exploitation Group
- BUF Distribution
Highest known parent: KVL Exploitation Group. The sources do not say who stands above it.
Owners 1
- KVL Exploitation Groupconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 28-12-2023 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-12
Gazette deed
Reappointment: KVL EXPLOITATION GROUP (director)Permanent representative: KRYMSKI Vladimir · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 06-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening, Tweede beslissing” (deed in Dutch)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Director reappointment, KVL EXPLOITATION GROUP (director)
- Permanent representative, KRYMSKI Vladimir
- Other provision, “kwijting, algemene vergadering zal beslissen op volgende jaarvergadering” (deed in Dutch)
- Registered office clause, “2200 Herentals Toekomstlaan 2” (deed in Dutch)
- Power of attorney
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13302D0908/00S000 | Flanders | 8,392 m² | 1 · 4,014 m² | 13.7 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1.zowel in België als wereldwijd,voor eigen rekening en voor rekening van derden,de import en export groot- en kleinhandel van fotografische…” (deed in Dutch)
19 activities (deed in Dutch)
- 1.zowel in België als wereldwijd,voor eigen rekening en voor rekening van derden,de import en export groot- en kleinhandel van fotografische en kinematografische artikelen,grafische en drukkerij activiteiten en artikelen,informatica producten zowel hard- als software,digitale producten en alle internettoepassingen.
- 2.Verkoop via internet alsook vanuit magazijn;
- 3.Mogelijkheid tot het openen van een winkel bestemd voor verkoop aan particulieren en handelaren;
- 4.Niet alleen fotografie maar ook alle artikelen in verband met de voedingsindustrie;
- 5.Het optreden als trader,handelsagent;
- 6.het optreden als tussenpersoon in de handel;
- 7.zowel in België als wereldwijd,onder eender welke vorm,participaties te verwerven en aan te houden,ondermeer,door deel te nemen aan het bestuur van de ondernemingen waarin zij participeert.De vennootschap beoogt de verdere gunstige ontwikkeling van de vennootschappen waarin zij participeert te stimuleren,te plannen en te coördineren;
- 8.het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen;het management en het bestuur van om het even welke ondernemingen en vennootschappen,het optreden als vereffenaar;
- 9.het verlenen van technische of commerciële bijstand aan alle Belgische en buitenlandse ondernemingen;het verlenen van financiële bijstand;
- 10.haar patrimonium,bestaande uit onroerende en roerende goederen,te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden;
- 11.de aankoop,verhuur,onderhoud en verkoop van alle roerende goederen-desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden-zoals alle soorten materieel,gereedschappen,machines,installaties en computers,soft- en hardware;
- 12.het aanvragen,verwerven,verhandelen en exploiteren van licenties,octrooien,merken en dergelijke.
- 13.de uitbating van frituur,drank- en eetgelegenheden,restaurants,tea-rooms,dancings,milk-bars,inrichting van feestelijkheden,vermakelijkheden,tentoonstellingen,bals en dergelijke;verhuring van feestzalen,bereiding en verkoop van alle koude en warme dranken en gerechten,gebak,confiserie,bereide vis- en vleeswaren,rookwaren,ijsroom,verhuring en uitbating van alle speeltoestellen;de fabricatie,de in- en uitvoer,de aan- en verkoop,zo in het groot als in het klein van bieren,waters,limonades,fruitsappen en alle andere dranken,gebrande en ongebrande koffie,thee,sandwishes,ijskreem,gebak,kaas en alle eetwaren.Het vervaardigen of laten vervaardigen en het vervoeren van alle voormelde produkten en materialen en materieel.
- Alle horeca-activiteiten
- Supermarkt van inlandse en buitenlandse producten
- 14.Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden,het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom,ruilen,doen bouwen,doen verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen.
- 15.Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
- 16.Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
- 17.Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij alle handels- en financiële operaties verrichten behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BUF Distribution
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan exploitatiezetels oprichten of opheffen wanneer en waar nodig” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen al dan niet aandeelhouder, 1” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid aantal bij meerdere kopers, zelfde formaliteiten toestemming medeaandeelhouders indien…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie indien geen andere vereffenaar benoemd, voorzitter bevoegde ondernemingsrechtbank” (deed in Dutch)