BÚHO
ActiveSummary
BÚHO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €114,494 and a net result of €3,139. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70=
Solvency67=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.0 in 2023; short-term debt: 41.2% and cash: 0% of total assets), and 58.2% 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
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
Real estate activities (NACE 68)
about 43% 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 2024Solvency, return and age of the figures
Solvency
41.8%
Return on assets
1.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-04-2026, 264 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
264 d late
2023
40 d late
2022
58 d late
2021
55 d late
2020
46 d late
2019
37 d late
← 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 83 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,139▲ 26.1%
2023 · €2,490
Working capital
-€111,748▼ 1.8%
2023 · -€109,753
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€53,515▲ 776%€6,932▼ 87.0%€5,596▼ 19.3%€6,242▲ 11.5%€7,773▲ 24.5%
Net result€44,664above the sector's middle half€1,645within the sector's middle half▼ 96.3%€858within the sector's middle half▼ 47.8%€2,490within the sector's middle half▲ 190%€3,139within the sector's middle half▲ 26.1%
Equity€106,362within the sector's middle half▲ 72.4%€108,007within the sector's middle half▲ 1.5%€108,865within the sector's middle half▲ 0.8%€111,355within the sector's middle half▲ 2.3%€114,494within the sector's middle half▲ 2.8%
Total assets€353,187within the sector's middle half▼ 2.6%€305,777within the sector's middle half▼ 13.4%€276,951within the sector's middle half▼ 9.4%€263,924within the sector's middle half▼ 4.7%€274,023within the sector's middle half▲ 3.8%
Debt€246,825▼ 17.9%€197,770▼ 19.9%€168,086▼ 15.0%€152,569▼ 9.2%€159,529▲ 4.6%
Working capital-€69,452within the sector's middle half▲ 56.6%-€95,897below the sector's middle half▼ 38.1%-€110,133below the sector's middle half▼ 14.8%-€109,753below the sector's middle half▲ 0.3%-€111,748below the sector's middle half▼ 1.8%
Solvency30.1%within the sector's middle half▲ 13.1pp35.3%within the sector's middle half▲ 5.2pp39.3%within the sector's middle half▲ 4.0pp42.2%within the sector's middle half▲ 2.9pp41.8%within the sector's middle half▼ 0.4pp
Current ratio0.44within the sector's middle half▲ 0.440.14below the sector's middle half▼ 0.300.00below the sector's middle half▼ 0.140.00below the sector's middle half=0.01below the sector's middle half▲ 0.01
Return on assets (ROA)12.6%above the sector's middle half▲ 13.2pp0.5%within the sector's middle half▼ 12.1pp0.3%within the sector's middle half▼ 0.2pp0.9%within the sector's middle half▲ 0.6pp1.1%within the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €274,023
Fixed assets
€272,925 ▲ 3.4%
Current assets
€1,098 ▲ 2,514%
Equity and liabilities €274,023
Equity
€114,494 ▲ 2.8%
Debt
€159,529 ▲ 4.6%
Debt's share of the balance-sheet total rises from 57.8% to 58.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,488▲
2023 · €18,835
Cash flow
€18,854▲
2023 · €15,083
Debt to equity
1.39▲
2023 · 1.37
ROE
2.7%▲
2023 · 2.2%
Interest coverage
7.52▼
2023 · 7.70
Debt ≤ 1 year
€112,846▲
2023 · €109,795
Debt > 1 year
€46,683▲
2023 · €42,774
Income taxes
€1,509▲
2023 · €1,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,089 | €13,080 | €13,205 | €12,593 | €15,715 | ▲ 24.8% |
| Other operating charges640/8 | - | €1,845 | €1,662 | €2,668 | €3,803 | ▲ 42.5% |
| Gross operating margin9900 | €70,218 | €21,857 | €20,463 | €21,503 | €27,291 | ▲ 26.9% |
| Operating profit (loss)9901 | €53,515 | €6,932 | €5,596 | €6,242 | €7,773 | ▲ 24.5% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | €5,801 | €4,018 | €2,445 | €3,125 | ▲ 27.8% |
| Recurring financial charges65 | €7,052 | €5,801 | €4,018 | €2,445 | €3,125 | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €46,464 | €1,131 | €1,578 | €3,797 | €4,648 | ▲ 22.4% |
| Income taxes67/77 | €1,800 | -€514 | €720 | €1,307 | €1,509 | ▲ 15.5% |
| Profit (loss) for the period9904 | €44,664 | €1,645 | €858 | €2,490 | €3,139 | ▲ 26.1% |
| Transfer from tax-exempt reserves789 | - | €1,109 | €1,109 | €1,109 | €1,109 | = |
| Profit (loss) for the period to be appropriated9905 | €5,204 | €2,754 | €1,967 | €3,599 | €4,248 | ▲ 18.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353,187 | €305,777 | €276,951 | €263,924 | €274,023 | ▲ 3.8% |
| Fixed assets21/28 | €298,594 | €289,680 | €276,475 | €263,882 | €272,925 | ▲ 3.4% |
| Tangible fixed assets22/27 | €298,594 | €289,680 | €276,475 | €263,882 | €272,925 | ▲ 3.4% |
| Land and buildings22 | - | €289,680 | €276,475 | €263,882 | €272,925 | ▲ 3.4% |
| Current assets29/58 | €54,593 | €16,097 | €476 | €42 | €1,098 | ▲ 2,514% |
| Current investments50/53 | €54,001 | €16,001 | - | - | - | - |
| Cash at bank and in hand54/58 | €592 | €96 | €476 | €42 | €62 | ▲ 47.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,036 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353,187 | €305,777 | €276,951 | €263,924 | €274,023 | ▲ 3.8% |
| Equity10/15 | €106,362 | €108,007 | €108,865 | €111,355 | €114,494 | ▲ 2.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €99,613 | €101,504 | €102,395 | €104,426 | €107,317 | ▲ 2.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €81,644 | €80,535 | €79,426 | €78,317 | ▼ 1.4% |
| Distributable reserves133 | - | €18,000 | €20,000 | €25,000 | €29,000 | ▲ 16.0% |
| Profit (loss) carried forward14 | €549 | €303 | €270 | €729 | €977 | ▲ 34.0% |
| Amounts payable17/49 | €246,825 | €197,770 | €168,086 | €152,569 | €159,529 | ▲ 4.6% |
| Amounts payable after more than one year17 | €122,780 | €85,776 | €57,477 | €42,774 | €46,683 | ▲ 9.1% |
| Financial debts170/4 | - | €85,776 | €57,477 | €42,774 | €46,683 | ▲ 9.1% |
| Amounts payable within one year42/48 | €124,045 | €111,994 | €110,609 | €109,795 | €112,846 | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | - | €37,004 | €28,299 | €14,704 | €11,931 | ▼ 18.9% |
| Trade debts44 | €21,983 | €22,918 | €18,804 | €18,999 | €20,590 | ▲ 8.4% |
| Suppliers440/4 | - | €22,918 | €18,804 | €18,999 | €20,590 | ▲ 8.4% |
| Taxes, remuneration and social security45 | - | €1,286 | €1,020 | €2,006 | €2,809 | ▲ 40.0% |
| Taxes450/3 | - | €1,286 | €1,020 | €2,006 | €2,809 | ▲ 40.0% |
| Other amounts payable47/48 | - | €50,786 | €62,486 | €74,086 | €77,516 | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,664 | €1,645 | €858 | €2,490 | €3,139 | ▲ 26.1% |
| + Depreciation and write-downs630 | €15,089 | €13,080 | €13,205 | €12,593 | €15,715 | ▲ 24.8% |
| Operating cash flow (approximation) | €59,753 | €14,725 | €14,063 | €15,083 | €18,854 | ▲ 25.0% |
| Investment in fixed assets (approximation) | - | -€4,166 | €0 | €0 | -€24,758 | - |
| Change in cash | - | -€496 | €380 | -€434 | €20 | ▲ 105% |
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
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 264 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 55 days late
2021
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
31-12
Financial
Back to profitnet €44,664
Net result €44,664 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €106,362 ▲72.4%
Equity rises from €61,698 to €106,362.
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 37 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 37 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Chastre · 1 establishment unit since 2006
Ground area
1,596 m²
Building footprint
241 m²
Volume, LiDAR
1,004 m³
2 parcels, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Búho
since 20062.156.935.550
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017A0016/00D000 | Wallonia | 1,533 m² | 1 · 196 m² | 8.7 m · 2 fl. |
| 92053D0219/00Z000 | Wallonia | 63 m² | 1 · 46 m² | - |
Linked by address, not proof of ownership
Good to know
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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SEMO INVEST
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B.S.L.
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,898 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
Founded19-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883595566
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.