BUHA
ActiveSummary
BUHA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €-259. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+6
Solvency27=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.09 in 2024; short-term debt: 58.6% and cash: 0.2% of total assets), and 98.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
1.8%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 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
21 d late
2024
43 d late
2023
30 d late
2022
29 d late
2021
23 d late
2020
31 d late
2019
70 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 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 Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€12k▼ 2.2%
2024 · €12k
Total assets
€648k▼ 2.1%
2024 · €662k
Net result
€-259▲ 86.9%
2024 · €-2k
Working capital
€-341k▲ 1.6%
2024 · €-346k
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€11k▼ 32.6%€10k▼ 11.0%€11k▲ 8.8%€13k▲ 16.3%€12k▼ 2.9%
Net result€4k▼ 77.5%€3k▼ 10.4%€-6k€-2k▲ 66.7%€-259▲ 86.9%
Equity€17k▲ 26.8%€20k▲ 19.0%€14k▼ 30.1%€12k▼ 14.3%€12k▼ 2.2%
Total assets€114k▼ 3.7%€674k▲ 491%€650k▼ 3.5%€662k▲ 1.8%€648k▼ 2.1%
Debt€97k▼ 7.5%€654k▲ 571%€636k▼ 2.7%€650k▲ 2.1%€636k▼ 2.1%
Working capital€-60k▲ 13.5%€-302k▼ 405%€-354k▼ 17.3%€-346k▲ 2.1%€-341k▲ 1.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €648k
Fixed assets
€609k ▼ 2.7%
Current assets
€39k ▲ 8.5%
Equity and liabilities €648k
Equity
€12k ▼ 2.2%
Debt
€636k ▼ 2.1%
Debt's share of the balance-sheet total stays at 98.2%.
Key figures and ratios
EBITDA
€38k▼
2024 · €39k
Cash flow
€26k▲
2024 · €24k
Current ratio
0.10▲
2024 · 0.09
Debt to equity
54.97▲
2024 · 54.92
ROE
-2.2%▲
2024 · -16.8%
ROA
0.0%▲
2024 · -0.3%
Interest coverage
3.62▲
2024 · 2.96
Debt ≤ 1 year
€380k▼
2024 · €382k
Debt > 1 year
€256k▼
2024 · €268k
Income taxes
€2k▲
2024 · €1k
Staff costs
€161
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €470 | €148 | - | - | €161 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €15k | €29k | €26k | €26k | ▼ 0.2% |
| Other operating charges640/8 | €651 | €2k | €215 | €2k | €336 | ▼ 85.7% |
| Gross operating margin9900 | €22k | €27k | €40k | €41k | €39k | ▼ 5.5% |
| Operating profit (loss)9901 | €11k | €10k | €11k | €13k | €12k | ▼ 2.9% |
| Financial income75/76B | €60 | €32 | €25 | - | - | - |
| Recurring financial income75 | €60 | €32 | €25 | - | - | - |
| Financial charges65/66B | €821 | €2k | €13k | €13k | €11k | ▼ 19.2% |
| Recurring financial charges65 | €821 | €2k | €13k | €13k | €11k | ▼ 19.2% |
| Profit (loss) for the period before taxes9903 | €10k | €8k | €-2k | €-505 | €2k | ▲ 423% |
| Income taxes67/77 | €7k | €5k | €4k | €1k | €2k | ▲ 28.1% |
| Profit (loss) for the period9904 | €4k | €3k | €-6k | €-2k | €-259 | ▲ 86.9% |
| Transfer from tax-exempt reserves789 | €930 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4k | €3k | €-6k | €-2k | €-259 | ▲ 86.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €674k | €650k | €662k | €648k | ▼ 2.1% |
| Fixed assets21/28 | €84k | €662k | €650k | €626k | €609k | ▼ 2.7% |
| Tangible fixed assets22/27 | €84k | €662k | €650k | €626k | €609k | ▼ 2.7% |
| Land and buildings22 | €74k | €656k | €647k | €624k | €607k | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | - | - | €549 | - |
| Furniture and vehicles24 | €10k | €7k | €3k | €2k | €2k | ▼ 17.8% |
| Current assets29/58 | €30k | €11k | €397 | €36k | €39k | ▲ 8.5% |
| Amounts receivable within one year40/41 | €22k | €7k | €346 | €34k | €37k | ▲ 8.5% |
| Trade receivables40 | €22k | €7k | - | €34k | €36k | ▲ 6.0% |
| Other amounts receivable41 | - | €5 | €346 | €716 | €2k | ▲ 125% |
| Cash at bank and in hand54/58 | €7k | €2k | €51 | €1k | €2k | ▲ 8.2% |
| Deferred charges and accrued income490/1 | €1k | €2k | - | - | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €674k | €650k | €662k | €648k | ▼ 2.1% |
| Equity10/15 | €17k | €20k | €14k | €12k | €12k | ▼ 2.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €752 | €752 | €752 | €752 | €752 | = |
| Non-distributable reserves130/1 | €752 | €752 | - | - | - | - |
| Reserves not available under the articles1311 | €752 | €752 | - | - | - | - |
| Distributable reserves133 | - | - | €752 | €752 | €752 | = |
| Profit (loss) carried forward14 | €-3k | €413 | €-6k | €-8k | €-8k | ▼ 3.5% |
| Amounts payable17/49 | €97k | €654k | €636k | €650k | €636k | ▼ 2.1% |
| Amounts payable after more than one year17 | €8k | €339k | €280k | €268k | €256k | ▼ 4.2% |
| Financial debts170/4 | €8k | €292k | €280k | €268k | €256k | ▼ 4.2% |
| Other amounts payable178/9 | - | €47k | - | - | - | - |
| Amounts payable within one year42/48 | €89k | €313k | €354k | €382k | €380k | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €3k | €13k | €12k | €13k | €11k | ▼ 14.5% |
| Financial debts43 | €2k | €2k | - | - | - | - |
| Credit institutions430/8 | €2k | €2k | - | - | - | - |
| Trade debts44 | €4k | €4k | €5k | €1k | €2k | ▲ 61.6% |
| Suppliers440/4 | €4k | €4k | €5k | €1k | €2k | ▲ 61.6% |
| Taxes, remuneration and social security45 | €8k | €11k | €2k | €4k | €7k | ▲ 103% |
| Taxes450/3 | €8k | €9k | €2k | €4k | €7k | ▲ 103% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | €73k | €283k | €334k | €364k | €359k | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | - | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €3k | €-6k | €-2k | €-259 | ▲ 86.9% |
| + Depreciation and write-downs630 | €10k | €15k | €29k | €26k | €26k | ▼ 0.2% |
| Operating cash flow (approximation) | €13k | €18k | €23k | €24k | €26k | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €-593k | €-17k | €-2k | €-9k | ▼ 340% |
| Change in cash | - | €-5k | €-2k | €1k | €121 | ▼ 91.5% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 43 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Pelt · 1 establishment unit since 2012
Ground area
1,836 m²
Building footprint
231 m²
Volume, LiDAR
1,350 m³
Parcel 72362C0554/00S000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kievitstraat 6, 3910 Pelt
since 20122.208.965.162
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362C0554/00S000 | Flanders | 1,836 m² | 1 · 231 m² | 8.6 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.
Similar companies · same sector, comparable size
BANANASK.COM
BE 0881.992.393
Schaarbeek · Eq €11,573
GRADATUS
BE 0664.659.836
Tongeren-Borgloon · Eq €11,575
D.F.S.C
BE 0712.992.065
Juprelle · Eq €11,578
SVNDM
BE 1027.487.247
Visé · Eq €11,583
POLAR WIND
BE 0795.443.748
Ciney · Eq €11,584
Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 24,592 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
Founded26-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.