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BUG CONCEPT

Active Private limited companyfounded 2010active for 15 yearsRue de Dalhem 77, 4600 ViséKBO/BCE: BE 0831.888.232 #2 company by total assets in Visé, Telecoms and IT sector

Lifetime

15 annual accounts with figures on one time axis
peak €132,860 (2024)
€132,771▼ 0.1%
lowest -€1,096 (2017)
€88,725▼ 0.6%
peak €468,888 (2025)
€468,888▲ 23.3%
€80,929▼ 16.8%
peak 4 FTE (2011)
-not published
Board1 name since 2021
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Equity from €380,163 to €468,888Debts from €97,327 to €80,929

Key points

from the 2025 annual accounts

Equity

€468,888 ▲ 23.3%

BUG CONCEPT has made a profit without a break since 2018.

Filings

15 annual accounts since 2011
AprilJune31 JulyOctober201520202025

The last five annual accounts were filed 10 to 45 days before the end of the period.

Position in the sector

€468,888

More equity than 93% of companies in computing infrastructure and information services. Sector median €60,701 · 2,301 companies.

Checked score

97
Excellent
Financially stronger than 76% of micro companies in computing infrastructure and information services (NACE 63)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 2,946 companies (NACE 63, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%highest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 85.3% of total assets
98+3short-term debt 13.5% · cash 86.3%
89-3return on assets 16.1%

Score breakdown

lowers risk
Liquidity: current ratio 6.75, cash €474,248
Equity €468,888 (85.3% of total assets)
Size: total assets €549,817
Figures for financial year 2025 (filed on 16-06-2026)
Calculation

The band follows from the bankruptcy probability. 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 63, micro). It does better than 86% of them on solvency, 90% on liquidity, 59% on profitability and 67% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,811 companies had the same profile as BUG CONCEPT has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of BUG CONCEPT itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,811 companies, not a prediction for BUG CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €45,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 6.75 (5.0 in 2024), above the usual 1.5. Short-term debt is 13.5% and cash 86.3% of total assets. 14.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 6.75, cash €474,248
NBB · annual accounts
lowers risk · Equity €468,888 (85.3% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €549,817
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 16-06-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
37 days early
2023
27 days early
2022
28 days early
2021
10 days early
2020
3 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SD
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0831888232
Registered office moved to Visé New registered office: rue de Dalhem 77, 4600 Visé · Change of role: SANSONETTI David, from manager to director · Director discharge: SANSONETTI David · General meeting of 23-10-2023 · Gazette deed
First establishment Rue de la Renaissance 49, Juprelle
Incorporation published on 24-12-2010 · Gazette deed
All 25 events

Comparable companies

same main activity, similar in size and age
Company
BUG CONCEPT Visé €549,817 €132,771 85.3% -
POCKET SIZE SUN Sint-Gillis (bij-Brussel) €541,499 €158,939 41.6% -
Koba Webdesign Ghent €655,828 €167,700 71.5% -
TG-CONSULTING Lint €497,882 €159,033 91.9% -
KODESK Assesse €734,262 €118,381 40.6% -
VALIANCE Woluwe-Saint-Pierre €463,150 €175,540 63.0% -
Evolynx Heuvelland €638,262 €237,911 40.2% -

These companies have the same main activity as BUG CONCEPT: web portal activities (NACE 63910). They are comparable in size and age: total assets between €463,000 and €734,000, founded between 2008 and 2012.

Official details

Source: KBO
Status
Active since 15-12-2010Normal situation
Activity
Web portal activitiesNACE 63910and 3 others
Establishment unit
2.195.646.6664451 Juprelle, since 01-01-2011
Financial year end
31 December
Peppol
Reachable since 12-12-2025
Company details

Annual accounts 2025

≈ €330,000estimated
€549,817▲ 15.1%
Filing
Filed on 16-06-2026, 45 days before the end of the filing period
Financials

Insights on BUG CONCEPT

BUG CONCEPT files the micro format. That format states no turnover. The gross margin rose from €61,873 in 2011 to €132,771 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about BUG CONCEPT

What is the company number of BUG CONCEPT?
The company number of BUG CONCEPT is 0831.888.232. The VAT number is the same number with BE in front: BE 0831.888.232.
Where is BUG CONCEPT based?
The registered office is at Rue de Dalhem 77, 4600 Visé.Company details
What does BUG CONCEPT do?
According to the KBO register, the main activity is web portal activities (NACE 63910).
What is the legal form of BUG CONCEPT?
BUG CONCEPT is a private limited company (BV).
When was BUG CONCEPT founded?
BUG CONCEPT was founded on 15-12-2010.
Is BUG CONCEPT still active?
Yes, BUG CONCEPT is an active enterprise in the KBO register.
What is the turnover of BUG CONCEPT?
The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €132,771 and 2,205 comparable companies of the same size. It probably lies between €220,000 and €510,000. It is a rough estimate.Financials
Is BUG CONCEPT profitable?
In financial year 2025, BUG CONCEPT made a profit of €88,725.
Where can I find the annual accounts of BUG CONCEPT?
BUG CONCEPT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BUG CONCEPT due?
BUG CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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