BUGI
Open bankruptcyA bankruptcy procedure is open for BUGI according to publications in the Belgian State Gazette; curator: PIERRE THIRY.
Summary
The 2024 annual accounts show negative equity (-€95,393) and a net result of -€32,691.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 10 July 2025
- Supervising judge
- Genevieve Centi
- Official Gazette
- 16-07-2025 (pdf) ↗search the document for 2025/131552
Curator
- Pierre ThiryPlace Du Haut-Pre 10, 4000 Liege 1p.thiry@cavenaile.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 21-11-2024, 21 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
not filed
2024
21 d late
2023
17 d late
2022
2 d late
2021
44 d late
2020
30 d late
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Non-specialised wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€322,850
EBIT margin
-7.2%
Net result
-€32,691
2023 · €19,930
Working capital
-€101,594▼ 34.9%
2023 · -€75,319
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
Line20202021202220232024
Turnover
Operating result-€52,966▼ 129%-€16,658▲ 68.5%-€15,746▲ 5.5%€22,082-€32,528
Net result-€54,893▼ 131%-€17,754▲ 67.7%-€16,065▲ 9.5%€19,930-€32,691
EBIT margin
Equity-€48,813-€66,567▼ 36.4%-€82,633▼ 24.1%-€62,703▲ 24.1%-€95,393▼ 52.1%
Total assets€117,683▼ 42.4%€91,524▼ 22.2%€75,781▼ 17.2%€110,118▲ 45.3%€64,922▼ 41.0%
Debt€166,496▼ 16.0%€158,091▼ 5.0%€158,413▲ 0.2%€172,821▲ 9.1%€160,316▼ 7.2%
Working capital-€97,501▼ 985%-€115,829▼ 18.8%-€113,824▲ 1.7%-€75,319▲ 33.8%-€101,594▼ 34.9%
Staff (FTE)4=3.8▼ 5.0%4▲ 5.3%4=3.9▼ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32,528 after €22,082 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64,922
Fixed assets
€6,201 ▼ 50.9%
Current assets
€58,722 ▼ 39.8%
Key figures and ratios
EBITDA
-€26,112▼
2023 · €42,352
Cash flow
-€26,275▼
2023 · €40,200
Solvency
-146.9%▼
2023 · -56.9%
Current ratio
0.37▼
2023 · 0.56
Quick ratio
0.36▼
2023 · 0.55
Debt to equity
-1.68▲
2023 · -2.76
ROA
-50.4%▼
2023 · 18.1%
Interest coverage
-133.33▼
2023 · 223.53
Debt ≤ 1 year
€160,316▼
2023 · €172,821
Staff costs
€205,445▲
2023 · €200,572
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €67 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €181,156 | €200,572 | €205,445 | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €525 | €14,427 | €19,977 | €20,270 | €6,416 | ▼ 68.3% |
| Other operating charges640/8 | - | - | €2,514 | €3,782 | €1,710 | ▼ 54.8% |
| Gross operating margin9900 | €69,250 | €151,296 | €187,901 | €246,706 | €181,043 | ▼ 26.6% |
| Operating profit (loss)9901 | -€52,966 | -€16,658 | -€15,746 | €22,082 | -€32,528 | ▼ 247% |
| Financial income75/76B | - | - | €64 | €12 | €34 | ▲ 171% |
| Recurring financial income75 | €374 | €161 | €64 | €12 | €34 | ▲ 171% |
| Financial charges65/66B | - | - | €383 | €189 | €196 | ▲ 3.4% |
| Recurring financial charges65 | €2,301 | €1,257 | €383 | €189 | €196 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | -€54,893 | -€17,754 | -€16,065 | €21,904 | -€32,691 | ▼ 249% |
| Income taxes67/77 | - | - | - | €1,974 | - | - |
| Profit (loss) for the period9904 | -€54,893 | -€17,754 | -€16,065 | €19,930 | -€32,691 | ▼ 264% |
| Profit (loss) for the period to be appropriated9905 | -€54,893 | -€17,754 | -€16,065 | €19,930 | -€32,691 | ▼ 264% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,683 | €91,524 | €75,781 | €110,118 | €64,922 | ▼ 41.0% |
| Fixed assets21/28 | €48,688 | €49,261 | €31,191 | €12,617 | €6,201 | ▼ 50.9% |
| Intangible fixed assets21 | €39,775 | €41,503 | €23,245 | €5,000 | - | - |
| Tangible fixed assets22/27 | €6,813 | €5,658 | €5,847 | €5,517 | €4,101 | ▼ 25.7% |
| Furniture and vehicles24 | - | - | €5,202 | €5,087 | €3,886 | ▼ 23.6% |
| Other tangible fixed assets26 | - | - | €645 | €430 | €215 | ▼ 50.0% |
| Financial fixed assets28 | €2,100 | €2,100 | €2,100 | €2,100 | €2,100 | = |
| Current assets29/58 | €68,995 | €42,263 | €44,589 | €97,501 | €58,722 | ▼ 39.8% |
| Stocks and contracts in progress3 | €1,170 | €3,148 | €3,578 | €1,916 | €1,365 | ▼ 28.7% |
| Stocks30/36 | - | - | €3,578 | €1,916 | €1,365 | ▼ 28.7% |
| Amounts receivable within one year40/41 | €28,521 | €21,460 | €16,774 | €29,938 | €29,848 | ▼ 0.3% |
| Trade receivables40 | - | - | €16,774 | €29,938 | €29,848 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €39,303 | €17,655 | €24,238 | €65,647 | €27,508 | ▼ 58.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,683 | €91,524 | €75,781 | €110,118 | €64,922 | ▼ 41.0% |
| Equity10/15 | -€48,813 | -€66,567 | -€82,633 | -€62,703 | -€95,393 | ▼ 52.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€69,273 | -€87,027 | -€103,093 | -€83,163 | -€115,853 | ▼ 39.3% |
| Amounts payable17/49 | €166,496 | €158,091 | €158,413 | €172,821 | €160,316 | ▼ 7.2% |
| Amounts payable within one year42/48 | €166,496 | €158,091 | €158,413 | €172,821 | €160,316 | ▼ 7.2% |
| Trade debts44 | €9,094 | €4,835 | €10,257 | €18,060 | €13,312 | ▼ 26.3% |
| Suppliers440/4 | - | - | €10,257 | €18,060 | €13,312 | ▼ 26.3% |
| Taxes, remuneration and social security45 | - | - | €29,480 | €39,527 | €36,511 | ▼ 7.6% |
| Taxes450/3 | - | - | €5,932 | €13,788 | €9,742 | ▼ 29.3% |
| Remuneration and social security454/9 | - | - | €23,548 | €25,739 | €26,769 | ▲ 4.0% |
| Other amounts payable47/48 | - | - | €118,676 | €115,234 | €110,493 | ▼ 4.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€54,893 | -€17,754 | -€16,065 | €19,930 | -€32,691 | ▼ 264% |
| + Depreciation and write-downs630 | €525 | €14,427 | €19,977 | €20,270 | €6,416 | ▼ 68.3% |
| Operating cash flow (approximation) | -€54,368 | -€3,327 | €3,912 | €40,200 | -€26,275 | ▼ 165% |
| Investment in fixed assets (approximation) | - | -€15,000 | -€1,907 | -€1,696 | €0 | ▲ 100% |
| Change in cash | - | -€21,648 | €6,582 | €41,409 | -€38,139 | ▼ 192% |
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
2025
16-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 10-07-2025
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
31-03
Financial
Back to profitnet €19,930
Net result €19,930 after 4 loss-making years.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet -€54,893
Net result drops to -€54,893, the lowest in the series.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Liège · 1 establishment unit since 2002
Ground area
675 m²
Building footprint
247 m²
Volume, LiDAR
3,227 m³
Parcel 62087B0161/00S002, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue François-Lefèbvre 10, 4000 Liège
since 20022.096.539.786
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0161/00S002 | Wallonia | 675 m² | 1 · 247 m² | 13.8 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE THIRY PLACE DU HAUT-PRE 10, 4000 LIEGE 1- |
10-07-2025 → present |
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Of 1,567 companies in sector 46900 we hold annual accounts for 919. 194 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
Founded26-04-2000
Fiscal year end31-03
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
47789Other retail sale of new goods
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.