BUGGEN
ActiveSummary
BUGGEN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-4k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+2
Solvency73▼-23
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.19 in 2024; short-term debt: 51.7% and cash: 0.1% of total assets), and 51.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
-12.5%
Age of the figures
9 mo
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 €-4k
neutral · Filed after the deadline
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. 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
31 d late
2024
11 d late
2023
30 d late
2022
61 d late
2021
30 d late
2020
30 d early
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 20.6%
2024 · €21k
Total assets
€35k▲ 17.4%
2024 · €30k
Net result
€-4k▼ 1.8%
2024 · €-4k
Working capital
€-15k▼ 115%
2024 · €-7k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-24k€14k€-13k€-4k▲ 71.0%€-4k▲ 0.4%
Net result€-24k€13k€-14k€-4k▲ 68.9%€-4k▼ 1.8%
Equity€26k▼ 48.3%€39k▲ 52.2%€25k▼ 35.1%€21k▼ 16.8%€17k▼ 20.6%
Total assets€72k▼ 52.4%€77k▲ 6.7%€49k▼ 37.1%€30k▼ 39.2%€35k▲ 17.4%
Debt€47k▼ 54.4%€38k▼ 18.3%€23k▼ 39.1%€8k▼ 63.6%€18k▲ 113%
Working capital€-39k▼ 52.4%€-17k▲ 55.3%€-17k▲ 5.1%€-7k▲ 58.8%€-15k▼ 115%
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 €4k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€31k ▲ 12.4%
Current assets
€3k ▲ 104%
Equity and liabilities €35k
Equity
€17k ▼ 20.6%
Debt
€18k ▲ 113%
Debt's share of the balance-sheet total rises from 28.6% to 51.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €10k
Cash flow
€2k▼
2024 · €10k
Current ratio
0.18▼
2024 · 0.19
Debt to equity
1.07▲
2024 · 0.40
ROE
-26.0%▼
2024 · -20.3%
ROA
-12.5%▲
2024 · -14.5%
Interest coverage
11.89▼
2024 · 94.29
Debt ≤ 1 year
€18k▲
2024 · €8k
Income taxes
€313▼
2024 · €320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €18k | €20k | €14k | €6k | ▼ 55.1% |
| Other operating charges640/8 | €1k | €2k | €696 | €1k | €745 | ▼ 50.2% |
| Gross operating margin9900 | €-3k | €34k | €8k | €12k | €3k | ▼ 72.5% |
| Operating profit (loss)9901 | €-24k | €14k | €-13k | €-4k | €-4k | ▲ 0.4% |
| Financial income75/76B | €27 | €5 | €3 | €1 | €3 | ▲ 131% |
| Recurring financial income75 | €27 | €5 | €3 | €1 | €3 | ▲ 131% |
| Financial charges65/66B | €280 | €255 | €161 | €108 | €207 | ▲ 91.7% |
| Recurring financial charges65 | €280 | €255 | €161 | €108 | €207 | ▲ 91.7% |
| Profit (loss) for the period before taxes9903 | €-24k | €14k | €-13k | €-4k | €-4k | ▼ 2.1% |
| Income taxes67/77 | €249 | €315 | €310 | €320 | €313 | ▼ 2.1% |
| Profit (loss) for the period9904 | €-24k | €13k | €-14k | €-4k | €-4k | ▼ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €13k | €-14k | €-4k | €-4k | ▼ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €77k | €49k | €30k | €35k | ▲ 17.4% |
| Fixed assets21/28 | €65k | €57k | €42k | €28k | €31k | ▲ 12.4% |
| Tangible fixed assets22/27 | €64k | €56k | €42k | €28k | €31k | ▲ 12.5% |
| Plant, machinery and equipment23 | €8k | €11k | €10k | €6k | €6k | ▲ 1.3% |
| Furniture and vehicles24 | €19k | €15k | €8k | €2k | €7k | ▲ 267% |
| Other tangible fixed assets26 | €37k | €31k | €25k | €20k | €18k | ▼ 9.8% |
| Financial fixed assets28 | €1k | €165 | €165 | €165 | €165 | = |
| Current assets29/58 | €8k | €21k | €7k | €2k | €3k | ▲ 104% |
| Amounts receivable within one year40/41 | €5k | €20k | €6k | €1k | €2k | ▲ 50.2% |
| Trade receivables40 | €5k | €16k | €4k | €0 | €2k | - |
| Other amounts receivable41 | €330 | €4k | €2k | €1k | €69 | ▼ 95.3% |
| Cash at bank and in hand54/58 | €1k | €5 | €17 | €44 | €51 | ▲ 15.0% |
| Deferred charges and accrued income490/1 | €858 | €475 | €492 | €107 | €1k | ▲ 884% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €77k | €49k | €30k | €35k | ▲ 17.4% |
| Equity10/15 | €26k | €39k | €25k | €21k | €17k | ▼ 20.6% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €22k | €22k | €22k | €22k | €22k | = |
| Profit (loss) carried forward14 | €-24k | €-11k | €-24k | €-29k | €-33k | ▼ 15.2% |
| Amounts payable17/49 | €47k | €38k | €23k | €8k | €18k | ▲ 113% |
| Amounts payable within one year42/48 | €47k | €38k | €23k | €8k | €18k | ▲ 113% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Trade debts44 | €3k | €27k | €2k | €1k | €5k | ▲ 316% |
| Suppliers440/4 | €3k | €27k | €2k | €1k | €5k | ▲ 316% |
| Taxes, remuneration and social security45 | €249 | €564 | €936 | €320 | €972 | ▲ 204% |
| Taxes450/3 | €249 | €564 | €936 | €320 | €972 | ▲ 204% |
| Other amounts payable47/48 | €44k | €11k | €20k | €7k | €12k | ▲ 69.5% |
| Accrued charges and deferred income492/3 | - | €4 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €13k | €-14k | €-4k | €-4k | ▼ 1.8% |
| + Depreciation and write-downs630 | €20k | €18k | €20k | €14k | €6k | ▼ 55.1% |
| Operating cash flow (approximation) | €-4k | €31k | €7k | €10k | €2k | ▼ 80.1% |
| Investment in fixed assets (approximation) | - | €-10k | €-6k | €0 | €-10k | ▼ 97,660,100% |
| Change in cash | - | €-1k | €12 | €27 | €7 | ▼ 75.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 218 days late
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 161 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Meise · 1 establishment unit since 2006
Ground area
2,118 m²
Building footprint
331 m²
Volume, LiDAR
1,717 m³
Parcel 23093D0198/00L000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bella Rossa
since 20062.155.028.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093D0198/00L000 | Flanders | 2,118 m² | 1 · 331 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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HUYGHE BETONBORINGEN
BE 0763.550.742
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AG CONNECTIONS
BE 1006.084.295
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TIPRO CONSTRUCT
BE 0751.987.451
Dilbeek · Eq €15,219
Of 607 companies in sector 43130 we hold annual accounts for 302. 164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43130Specialised construction activities
41001General construction of residential buildings
43350Other building finishing work
46496Wholesale trade
55204Guest rooms (bed and breakfast)
Scores and ratios are computed by Checked and are not a credit decision.