Equity
€16,753 from €74,141 in 2013
Equity fell by 77% in 12 years.
BUGGEN
Lifetime
20 annual accounts with figures on one time axispeak €86,306 (2012)
€3,207▼ 72.5%
lowest -€48,723 (2009)
-€4,352▼ €76
peak €74,141 (2013)
€16,753▼ 20.6%
€17,960▲ 113%
peak 1 FTE (2007)
-not published
Board3 names since 2005
2 directorsGeeroms Marleen and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €11,683 to €3,207Loss of €4,352Equity from €21,106 to €16,753Debts from €8,450 to €17,960
Key points
from the 2025 annual accountsLosses
-€22,376 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €32,000 estimated
The micro format states no turnover.
Investments
€9,766 1.6 × depreciation
Green is investment, beige is depreciation.
Filings
20 annual accounts since 2006
Nine of the last ten came late. The 2017 accounts came latest: 218 days after the end of the period.
Position in the sector
-€4,352
Lower net result than 83% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
53
Fair
Financially stronger than 27% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024
02-2025: 2.2%● unchanged vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.1%▼ -0.1 percentage points vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 2.0%▼ -0.1 percentage points vs 05-2025
07-2025: 2.3%▲ +0.3 percentage points vs 06-2025
08-2025: 2.7%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 1.6%▼ -1.1 percentage points vs 08-2025lowest value
10-2025: 1.6%● unchanged vs 09-2025lowest value
11-2025: 1.6%● unchanged vs 10-2025lowest value
12-2025: 1.6%● unchanged vs 11-2025lowest value
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 2.3%▲ +0.6 percentage points vs 07-2026
09-2026: 1.9%▼ -0.4 percentage points vs 08-2026
10-2026: 1.9%● unchanged vs 09-2026
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.18, cash €51
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Loss of €4,352, the second in a row (financial year 2025)
Sector: Specialised construction activities (NACE 43)
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 43, micro). It does better than 52% of them on solvency, 14% on liquidity, 25% on profitability and 18% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 5,831 companies had the same profile as BUGGEN has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BUGGEN itself: 1.9% 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.
| 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 5,831 companies, not a prediction for BUGGEN. 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 €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.18 (0.19 in 2024), below 1. Short-term debt is 51.7% and cash 0.1% of total assets. 51.7% 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
Six signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,352
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
11 days late
2023
30 days late
2022
61 days late
2021
30 days late
2020
30 days early
2019
53 days late
← 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 27 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0878045582
Changes of role: Van Buggenhout Leopold (director) and Geeroms Marleen (director)
General meeting of 06-02-2020 · Gazette deed
First establishment
Bella Rossa, Kleinendries 21, Meise
Incorporation
published on 30-12-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BUGGEN Meise | €34,713 | €3,207 | 48.3% | - |
| WIEWIORA Auderghem | €37,067 | -€4,289 | 58.0% | - |
| Beyens & Co Mol | €23,209 | -€16,657 | -107.2% | - |
| carottage.com Genappe | €53,401 | €383 | 95.1% | - |
| BA Autoparts Brussels | €24,714 | -€66 | 85.1% | - |
| MFCM Mons | €22,482 | €11,044 | -34.0% | - |
| PNR BETONBORINGEN Mol | €17,330 | -€1,730 | 11.8% | - |
These companies have the same main activity as BUGGEN: specialised construction activities (NACE 43130). They are comparable in size and age: total assets between €17,300 and €53,400, founded between 2005 and 2011.
Official details
Source: KBO- Status
- Active since 20-12-2005Normal situation
- Activity
- Specialised construction activitiesNACE 43130and 4 others
- Establishment unit
- 2.155.028.8081861 Meise, since 12-07-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Insights on BUGGEN
BUGGEN files the micro format. That format states no turnover. The gross margin fell from €14,533 in 2006 to €3,207 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 BUGGEN
- What is the company number of BUGGEN?
- The company number of BUGGEN is 0878.045.582. The VAT number is the same number with BE in front: BE 0878.045.582.
- Where is BUGGEN based?
- The registered office is at Kleinendries 21, 1861 Meise.Company details
- What does BUGGEN do?
- According to the KBO register, the main activity is specialised construction activities (NACE 43130).
- What is the legal form of BUGGEN?
- BUGGEN is a private limited company (BV).
- When was BUGGEN founded?
- BUGGEN was founded on 20-12-2005.
- Is BUGGEN still active?
- Yes, BUGGEN is an active enterprise in the KBO register.
- What is the turnover of BUGGEN?
- The turnover in financial year 2025 is ≈ €32,000. This figure is estimated from the gross margin of €3,207 and 41 comparable companies (NACE 431). It probably lies between €14,000 and €54,000. It is a rough estimate.Financials
- Is BUGGEN profitable?
- In financial year 2025, BUGGEN made a loss of €4,352.
- Where can I find the annual accounts of BUGGEN?
- BUGGEN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BUGGEN due?
- BUGGEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.