BUKO
ActiveSummary
BUKO has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €97,017. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+7
Solvency98▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.28 in 2024; short-term debt: 26.5% and cash: 3.2% of total assets), and 26.5% 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.5%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
66 d early
2023
141 d early
2022
4 d early
2021
31 d late
2020
8 d early
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before 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 (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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.4m▲ 5.6%
2024 · €1.3m
Total assets
€1.8m▲ 0.5%
2024 · €1.8m
Net result
€97,017▲ 151%
2024 · €38,711
Working capital
€853,453▲ 20.8%
2024 · €706,788
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-€624,569▲ 15.8%€320,948€1.4m▲ 346%€39,298▼ 97.3%€105,021▲ 167%
Net result-€635,174▲ 13.6%€313,843€1.3m▲ 322%€38,711▼ 97.1%€97,017▲ 151%
Equity-€489,231-€175,388▲ 64.2%€1.3m€1.3m▲ 1.1%€1.4m▲ 5.6%
Total assets€1.7m▲ 22.3%€2.1m▲ 23.1%€1.9m▼ 8.7%€1.8m▼ 5.6%€1.8m▲ 0.5%
Debt€783,038▲ 10.0%€869,001▲ 11.0%€674,973▼ 22.3%€552,295▼ 18.2%€489,882▼ 11.3%
Working capital€623,369▲ 61.0%€823,333▲ 32.1%€772,842▼ 6.1%€706,788▼ 8.5%€853,453▲ 20.8%
Staff (FTE)5.7▼ 25.0%6.8▲ 19.3%6.9▲ 1.5%5.7▼ 17.4%5.5▼ 3.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 167% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€502,547 ▼ 12.9%
Current assets
€1.3m ▲ 6.7%
Equity and liabilities €1.8m
Equity
€1.4m ▲ 5.6%
Debt
€489,882 ▼ 11.3%
Debt's share of the balance-sheet total falls from 30.1% to 26.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€200,774▲
2024 · €127,033
Cash flow
€192,770▲
2024 · €126,446
Current ratio
2.74▲
2024 · 2.28
Quick ratio
0.88▲
2024 · 0.71
Debt to equity
0.36▼
2024 · 0.43
ROE
7.2%▲
2024 · 3.0%
ROA
5.3%▲
2024 · 2.1%
Interest coverage
19.32▲
2024 · 5.56
Debt ≤ 1 year
€489,684▼
2024 · €552,295
Income taxes
€29,762▲
2024 · €8,290
Staff costs
€390,467▼
2024 · €424,659
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 | €0 | €1,000 | €42,027 | €8,086 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €390,342 | €452,930 | €499,104 | €424,659 | €390,467 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,151 | €46,389 | €49,257 | €87,735 | €95,752 | ▲ 9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,075 | -€20,733 | -€23 | €2,422 | €4,419 | ▲ 82.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €879,642 | €0 | -€1.4m | €0 | - | - |
| Other operating charges640/8 | €20,941 | €41,204 | €22,934 | €25,586 | €32,068 | ▲ 25.3% |
| Non-recurring operating charges66A | - | €75,804 | €0 | €8,845 | €1,307 | ▼ 85.2% |
| Gross operating margin9900 | €727,581 | €916,542 | €567,098 | €588,545 | €629,035 | ▲ 6.9% |
| Operating profit (loss)9901 | -€624,569 | €320,948 | €1.4m | €39,298 | €105,021 | ▲ 167% |
| Financial income75/76B | €5,088 | €5,855 | €12,809 | €30,543 | €32,148 | ▲ 5.3% |
| Recurring financial income75 | €5,088 | €5,855 | €12,809 | €30,543 | €32,148 | ▲ 5.3% |
| Financial charges65/66B | €14,761 | €11,925 | €20,293 | €22,840 | €10,390 | ▼ 54.5% |
| Recurring financial charges65 | €14,761 | €11,925 | €20,293 | €22,840 | €10,390 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | -€634,243 | €314,878 | €1.4m | €47,001 | €126,779 | ▲ 170% |
| Income taxes67/77 | €931 | €1,035 | €98,141 | €8,290 | €29,762 | ▲ 259% |
| Profit (loss) for the period9904 | -€635,174 | €313,843 | €1.3m | €38,711 | €97,017 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | -€635,174 | €313,843 | €1.3m | €38,711 | €97,017 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.1m | €1.9m | €1.8m | €1.8m | ▲ 0.5% |
| Fixed assets21/28 | €325,046 | €436,500 | €496,671 | €576,715 | €502,547 | ▼ 12.9% |
| Intangible fixed assets21 | €49,384 | €177,574 | €269,121 | €213,439 | €157,757 | ▼ 26.1% |
| Tangible fixed assets22/27 | €275,587 | €258,851 | €227,549 | €363,276 | €344,790 | ▼ 5.1% |
| Land and buildings22 | €241,323 | €223,342 | €207,219 | €206,530 | €194,798 | ▼ 5.7% |
| Plant, machinery and equipment23 | €3,353 | €494 | €0 | €43,202 | €37,752 | ▼ 12.6% |
| Furniture and vehicles24 | €18,731 | €27,198 | €16,876 | €19,482 | €28,356 | ▲ 45.6% |
| Other tangible fixed assets26 | €12,179 | €7,817 | €3,454 | €94,061 | €83,883 | ▼ 10.8% |
| Financial fixed assets28 | €75 | €75 | €0 | - | - | - |
| Current assets29/58 | €1.4m | €1.7m | €1.4m | €1.3m | €1.3m | ▲ 6.7% |
| Stocks and contracts in progress3 | €768,440 | €786,284 | €795,848 | €869,302 | €914,158 | ▲ 5.2% |
| Stocks30/36 | €768,440 | €786,284 | €795,848 | €869,302 | €798,407 | ▼ 8.2% |
| Contracts in progress37 | - | - | - | - | €115,751 | - |
| Amounts receivable within one year40/41 | €605,717 | €841,353 | €557,014 | €352,384 | €338,922 | ▼ 3.8% |
| Trade receivables40 | €593,676 | €827,054 | €503,335 | €328,706 | €338,922 | ▲ 3.1% |
| Other amounts receivable41 | €12,041 | €14,299 | €53,679 | €23,679 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5,484 | €31,910 | €54,256 | €7,307 | €59,705 | ▲ 717% |
| Deferred charges and accrued income490/1 | €24,342 | €32,786 | €40,695 | €30,090 | €30,351 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.1m | €1.9m | €1.8m | €1.8m | ▲ 0.5% |
| Equity10/15 | -€489,231 | -€175,388 | €1.3m | €1.3m | €1.4m | ▲ 5.6% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €630,834 | €630,834 | €900,035 | €938,745 | €1.0m | ▲ 10.3% |
| Non-distributable reserves130/1 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Tax-exempt reserves132 | €4,834 | €4,834 | €4,834 | €4,834 | €4,834 | = |
| Distributable reserves133 | €601,000 | €601,000 | €870,201 | €908,911 | €1.0m | ▲ 10.7% |
| Profit (loss) carried forward14 | -€1.4m | -€1.1m | €0 | - | - | - |
| Investment grants15 | - | - | €119,478 | €94,758 | €70,039 | ▼ 26.1% |
| Provisions and deferred taxes16 | €1.4m | €1.4m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | €1.4m | €1.4m | €0 | - | - | - |
| Major repairs and maintenance162 | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | €1.4m | €1.4m | €0 | - | - | - |
| Amounts payable17/49 | €783,038 | €869,001 | €674,973 | €552,295 | €489,882 | ▼ 11.3% |
| Amounts payable within one year42/48 | €780,615 | €869,001 | €674,973 | €552,295 | €489,684 | ▼ 11.3% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | €309,037 | €302,191 | €222,035 | €120,718 | €110,698 | ▼ 8.3% |
| Credit institutions430/8 | €309,037 | €302,191 | €222,035 | €120,718 | €110,698 | ▼ 8.3% |
| Trade debts44 | €283,818 | €371,425 | €214,386 | €152,543 | €108,393 | ▼ 28.9% |
| Suppliers440/4 | €283,818 | €371,425 | €214,386 | €152,543 | €108,393 | ▼ 28.9% |
| Advances received on contracts in progress46 | €53,000 | €106,000 | €0 | €109,390 | €113,578 | ▲ 3.8% |
| Taxes, remuneration and social security45 | €82,586 | €87,211 | €168,278 | €109,495 | €146,866 | ▲ 34.1% |
| Taxes450/3 | €24,413 | €24,878 | €71,203 | €63,184 | €75,725 | ▲ 19.8% |
| Remuneration and social security454/9 | €58,173 | €62,333 | €97,074 | €46,312 | €71,141 | ▲ 53.6% |
| Other amounts payable47/48 | €52,174 | €2,174 | €70,274 | €60,149 | €10,149 | ▼ 83.1% |
| Accrued charges and deferred income492/3 | €2,424 | €0 | - | - | €199 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€635,174 | €313,843 | €1.3m | €38,711 | €97,017 | ▲ 151% |
| + Depreciation and write-downs630 | €60,151 | €46,389 | €49,257 | €87,735 | €95,752 | ▲ 9.1% |
| Operating cash flow (approximation) | -€575,023 | €360,232 | €1.4m | €126,446 | €192,770 | ▲ 52.5% |
| Investment in fixed assets (approximation) | - | -€157,844 | -€109,428 | -€167,779 | -€21,584 | ▲ 87.1% |
| Change in cash | - | €26,426 | €22,347 | -€46,949 | €52,397 | ▲ 212% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.3m ▲322%
Operating result €1.4m, net result €1.3m, both a record.
31-12
Financial
Equity above €1mEq €1.3m
2 profitable years in a row build equity to €1.3m.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €313,843
Net result €313,843 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€735,569
Net result drops to -€735,569, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 54 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Kortrijk · 1 establishment unit since 1956
Ground area
2,900 m²
Building footprint
1,233 m²
Volume, LiDAR
5,506 m³
Parcel 34022E0632/00B002, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
L. BUYSSCHAERT NV // BUKO.BE
since 19562.004.565.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0632/00B002 | Flanders | 2,900 m² | 1 · 1,233 m² | 7.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 14,316 EUR awarded · 14,316 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,339 EUR | 5,339 EUR |
| 2024 | 1 | 2,569 EUR | 2,569 EUR |
| 2023 | 2 | 6,408 EUR | 6,408 EUR |
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Of 828 companies in sector 46620 we hold annual accounts for 642. 501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46620Wholesale of machine tools
46496Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.