BUFFEL
ActiveFrom the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
BUFFEL has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,009 and a net result of -€8,336. Equity is shrinking by about 6.9% per year across the filed financial years. Its solvency ranks better than 69% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 03-11-2000 Normal situation
- Legal form
- Private limited company
- Registered office
- Hazelbeekstraat 18, 8020 Oostkamp
- Activity
- Joinery installation NACE 43320
- Establishment unit
- 2.101.088.987 8020 Oostkamp, since 12-12-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- -€6,513
- Loss
- €8,336
- ▲ 12×
- Equity
- €77,009
- ▼ 9.8%
- Total assets
- €120,547
- ▼ 4.0%
Why 85raises riskLoss of €8,336, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2000Liquidity: current ratio 3.35, cash €16,803Show 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 43, micro): better than 70% on solvency, 51% on liquidity, 14% on profitability and 24% on growth.
The bankruptcy probability was computed on 31-10-2026 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 17 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 22-07-2026
- Format
- micro format
- Reference
- 2026-00320959
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €7,931 after €1,420 in 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% 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 12,322 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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,730 | €11,903 | €11,903 | €11,678 | €11,678 | €6,378 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €833 | €1,197 | €661 | €1,148 | €1,418 | ▲ 23.5% |
| Gross operating margin9900 | €35,005 | €61,265 | €13,224 | €16,467 | €12,920 | -€1,889 | €2,568 | -€6,513 | - |
| Operating profit (loss)9901 | €19,732 | €40,891 | -€2,112 | €3,956 | €45 | -€8,928 | €1,420 | -€7,931 | - |
| Financial income75/76B | - | - | - | €643 | €153 | €57 | €121 | €12 | ▼ 90.5% |
| Recurring financial income75 | €2,054 | €645 | €317 | €643 | €153 | €57 | €121 | €12 | ▼ 90.5% |
| Financial charges65/66B | - | - | - | €1,579 | €151 | €270 | €2,261 | €417 | ▼ 81.6% |
| Recurring financial charges65 | €665 | €123 | €346 | €1,579 | €151 | €270 | €2,261 | €417 | ▼ 81.6% |
| Profit (loss) for the period before taxes9903 | €21,122 | €41,414 | -€2,141 | €3,020 | €47 | -€9,142 | -€720 | -€8,336 | ▼ 1,058% |
| Income taxes67/77 | €1,920 | €8,283 | €0 | €94 | €393 | €0 | - | - | - |
| Profit (loss) for the period9904 | €19,202 | €33,130 | -€2,141 | €2,926 | -€345 | -€9,142 | -€720 | -€8,336 | ▼ 1,058% |
| Profit (loss) for the period to be appropriated9905 | €19,202 | €33,130 | -€2,141 | €2,926 | -€345 | -€9,142 | -€720 | -€8,336 | ▼ 1,058% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €102,272 | €139,851 | €125,834 | €132,774 | €133,136 | €120,918 | €125,538 | €120,547 | ▼ 4.0% |
| Fixed assets21/28 | €21,651 | €41,637 | €29,734 | €18,056 | €6,378 | €0 | - | - | - |
| Tangible fixed assets22/27 | €21,651 | €41,637 | €29,734 | €18,056 | €6,378 | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €18,056 | €6,378 | €0 | - | - | - |
| Current assets29/58 | €80,621 | €98,214 | €96,100 | €114,718 | €126,758 | €120,918 | €125,538 | €120,547 | ▼ 4.0% |
| Stocks and contracts in progress3 | - | - | €3,500 | €3,500 | €9,500 | €3,500 | €4,500 | €5,602 | ▲ 24.5% |
| Stocks30/36 | - | - | - | €3,500 | €3,500 | €3,500 | €4,500 | €5,602 | ▲ 24.5% |
| Contracts in progress37 | - | - | - | - | €6,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €15,459 | €30,209 | €77,048 | €58,519 | €8,839 | €24,937 | €87,982 | €96,363 | ▲ 9.5% |
| Trade receivables40 | - | - | - | €48,935 | €7,848 | €24,937 | €87,982 | €72,393 | ▼ 17.7% |
| Other amounts receivable41 | - | - | - | €9,584 | €991 | €0 | - | €23,970 | - |
| Cash at bank and in hand54/58 | €62,194 | €64,439 | €15,246 | €52,393 | €107,236 | €89,939 | €30,665 | €16,803 | ▼ 45.2% |
| Deferred charges and accrued income490/1 | - | - | - | €306 | €1,183 | €2,542 | €2,391 | €1,779 | ▼ 25.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €102,272 | €139,851 | €125,834 | €132,774 | €133,136 | €120,918 | €125,538 | €120,547 | ▼ 4.0% |
| Equity10/15 | €89,362 | €122,493 | €120,352 | €123,278 | €95,208 | €86,066 | €85,346 | €77,009 | ▼ 9.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €49,786 | €82,917 | €82,917 | €82,917 | €55,192 | €55,192 | €55,192 | €55,192 | = |
| Non-distributable reserves130/1 | - | - | - | €2,860 | €2,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,860 | €2,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €80,057 | €52,332 | €55,192 | €55,192 | €55,192 | = |
| Profit (loss) carried forward14 | €33,376 | €33,376 | €31,235 | €34,161 | €33,816 | €24,674 | €23,954 | €15,617 | ▼ 34.8% |
| Amounts payable17/49 | €12,909 | €17,359 | €5,482 | €9,496 | €37,929 | €34,852 | €40,192 | €43,538 | ▲ 8.3% |
| Amounts payable within one year42/48 | €12,636 | €17,359 | €5,482 | €9,496 | €37,929 | €34,852 | €40,192 | €36,007 | ▼ 10.4% |
| Trade debts44 | €5,080 | €5,344 | €2,745 | €5,124 | €5,851 | €5,667 | €13,966 | €4,211 | ▼ 69.8% |
| Suppliers440/4 | - | - | - | €5,124 | €5,851 | €5,667 | €13,966 | €4,211 | ▼ 69.8% |
| Taxes, remuneration and social security45 | - | - | - | €750 | €1,143 | €455 | €3,351 | €17,586 | ▲ 425% |
| Taxes450/3 | - | - | - | €750 | €1,143 | €455 | €3,351 | €17,586 | ▲ 425% |
| Other amounts payable47/48 | - | - | - | €3,622 | €30,935 | €28,731 | €22,875 | €14,210 | ▼ 37.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €7,531 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,202 | €33,130 | -€2,141 | €2,926 | -€345 | -€9,142 | -€720 | -€8,336 | ▼ 1,058% |
| + Depreciation and write-downs630 | €10,730 | €11,903 | €11,903 | €11,678 | €11,678 | €6,378 | €0 | - | - |
| Operating cash flow (approximation) | €29,932 | €45,033 | €9,762 | €14,604 | €11,333 | -€2,764 | -€720 | -€8,336 | ▼ 1,058% |
| Investment in fixed assets (approximation) | - | -€31,890 | €0 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | €2,245 | -€49,193 | €37,147 | €54,844 | -€17,298 | -€59,274 | -€13,862 | ▲ 76.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00320959 | NBB |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00392237 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00243862 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00351629 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20193969 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51500536 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64400442 | |
| 31-12-2018 | micro format | 19-07-2019 | 2019-35400383 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57100257 | |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-33300281 |
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
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BUFFEL,Bart |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer, met of zonder beperking,statutair mogelijk,onbepaald bij gebrek aan bepaling”
Articles of association, deed of 02-01-2024
Owners and capital
Capital and shareholders
- 02-01-2024 Converted to available equity
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “19:00, zetel”Other provision: “Toelating-stemrecht, rechten niet geschorst,alleen stemrecht geschorst geeft deelname zonder stemming”Other provision: “Splitsing aandeel in vruchtgebruik-blote eigendom, andersluidende bijzondere bepaling in statuten,testament of overeenkomst”Other provision: “Aanwending nettowinst-reserves, algemene vergadering”Other provision: “Wettelijke bepalingen, voorschotten op dividenden,winst lopend boekjaar,winst voorgaand boekjaar zolang jaarrekening niet goedgekeurd”2 more provisions in the deed, see the deed of 02-01-2024
Articles of association, deed of 02-01-2024 (in Dutch)
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
02-01
Gazette deed
Appointment: BUFFEL,Bart (director)Name change · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 21-12-2023
- Name change, BUFFEL
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital contribution
- Director appointment, BUFFEL,Bart (director)
- Other provision, “terminologie WVV sinds 2020-01-01, zaakvoerder vervangen door bestuurder” (deed in Dutch)
- Registered office clause, “Hazelbeekstraat 18,8020 Oostkamp” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0473.197.375
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- PurposeThe activities the company may carry out under its articles.
- “Onderneming van timmer- en schrijnwerk; Onderneming voor het vervaardigen en plaatsen van houten vensterramen; Onderneming voor het plaatsen…”
8 activities
- Onderneming van timmer- en schrijnwerk.
- Onderneming voor het vervaardigen en plaatsen van houten vensterramen.
- Onderneming voor het plaatsen van ijzerwerk,metalen luiken en metalen schrijnwerk.
- Fabricage van parketvloeren en parketpanelen.
- Fabricage en garnering van niet metalen meubelen.
- Fabricage en garnering van houten stoelen.
- Onderneming voor het leggen van parketvloeren en het plaatsen van alle houten wanden en vloerbekleding.
- Opspuiten van muren tegen opstijgend vocht met siliconen.
- Name clauseThe name the company operates under according to its articles.
- BUFFEL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Articles of association, deed of 02-01-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31025I0314/00D000 | Flanders | 1,837 m² | 1 · 139 m² | 7.8 m · 2 |