BUGETIM
ActiveBUGETIM has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €786k and a net result of €-30k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 76% of 13882 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 7.2 against 9.1 in 2024), and 33.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
66.7%
Return on assets
-2.6%
Age of the figures
11 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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
27 d late
2024
22 d late
2023
on the day
2022
31 d early
2021
1 d early
2020
18 d early
2019
12 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€786k▼ 3.7%
2024 · €816k
2018: €747k
2019: €738k
2020: €726k
2021: €655k
2022: €877k
2023: €850k
2024: €816k
2018 → 2025
Total assets
€1.18M▼ 4.5%
2024 · €1.23M
2018: €906k
2019: €905k
2020: €882k
2021: €1.16M
2022: €1.36M
2023: €1.30M
2024: €1.23M
2018 → 2025
Net result
€-30k▲ 11.8%
2024 · €-34k
2018: €258k
2019: €-10k
2020: €-12k
2021: €-111k
2022: €222k
2023: €-26k
2024: €-34k
2018 → 2025
Working capital
€199k▼ 12.1%
2024 · €226k
2018: €699k
2019: €704k
2020: €696k
2021: €70k
2022: €291k
2023: €261k
2024: €226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€655k-€877k▲ 33.9%€850k▼ 3.0%€816k▼ 4.0%€786k▼ 3.7%
Operating result€-112k-€220k€-28k€-35k▼ 26.2%€-31k▲ 11.9%
Net result€-111k-€222k€-26k€-34k▼ 28.9%€-30k▲ 11.8%
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 €31k in 2025 against €35k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€947k▼ 3.3%
Current assets
€231k▼ 9.1%
Equity and liabilities €1.18M
Equity
€786k▼ 3.7%
Provisions
€96k▼ 3.4%
Debt
€296k▼ 6.9%
The debt ratio falls from 25.8% to 25.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€1k▲
2024 · €-4k
Cash flow
€2k▲
2024 · €-3k
Solvency
66.7%▲
2024 · 66.2%
Current ratio
7.20▼
2024 · 9.10
Quick ratio
7.20▼
2024 · 9.10
Debt / equity
0.38▼
2024 · 0.39
ROE
-3.8%▲
2024 · -4.2%
ROA
-2.6%▲
2024 · -2.8%
Interest coverage
0.33▲
2024 · -1.16
Debt
€296k▼
2024 · €318k
Debt ≤ 1 year
€32k▲
2024 · €28k
Debt > 1 year
€264k▼
2024 · €290k
Income taxes
€474▲
2024 · €471
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€1.23M€1.18M▼
Fixed assets21/28€979k€947k▼
Tangible fixed assets22/27€976k€944k▼
Land and buildings22€963k€935k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€9k€6k▼
Financial fixed assets28€4k€4k=
Current assets29/58€254k€231k▼
Amounts receivable within one year40/41€31k€34k▲
Other amounts receivable41€31k€34k▲
Cash at bank and in hand54/58€219k€197k▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.18M▼
Equity10/15€816k€786k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€317k€307k▼
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€297k€287k▼
Profit (loss) carried forward14€437k€417k▼
Provisions and deferred taxes16€99k€96k▼
Deferred taxes168€99k€96k▼
Amounts payable17/49€318k€296k▼
Amounts payable after more than one year17€290k€264k▼
Financial debts170/4€290k€264k▼
Amounts payable within one year42/48€28k€32k▲
Current portion of amounts payable after more than one year42€26k€26k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€470€485▲
Taxes450/3€470€485▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€2k€7k▲
Operating profit (loss)9901€-35k€-31k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-37k€-33k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€471€474▲
Profit (loss) for the period9904€-34k€-30k▲
Transfer from tax-exempt reserves789€10k€10k=
Profit (loss) for the period to be appropriated9905€-24k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€437k€417k▼
Profit (loss) brought forward from the previous period14P€461k€437k▼
The notes to these accounts (5 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €222k
Net result €222k after 3 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 10.04
Current ratio from 3.71 to 10.04.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity triplescurrent ratio 130.85
Current ratio from 41.90 to 130.85; short-term debt falls from €17k to €5k.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Ukkel · 1 establishment unit since 1987
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.
Generaal Lotzstraat 1031180 UkkelGround area
1,659 m²
Building footprint
1,069 m²
Volume, LiDAR
25,072 m³
2 parcels, Brussels · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Langeveldstraat 160, 1180 Ukkel
since 19872.032.231.261
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0003/00F020 | Brussels | 1,391 m² | 1 · 982 m² | 29.4 m · 9 fl. |
| 21612C0160/00E002 | Brussels | 268 m² | 1 · 87 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IFIMMO
BE 0427.906.194
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VASTGOED & ADVIES DEGROOTE
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MPT KOUTER
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Of 11,702 companies in sector 68310 we hold annual accounts for 6,877. 4,038 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-12-1987
Fiscal year end30-09
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.