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BUKO

Active
Public limited companyfounded 1968active for 58 yearsEngelse Wandeling(Kor) 5, 8500 Kortrijk, BelgiumKBO/BCE: BE 0405.319.448
Summary

BUKO has been active since 1968 and the Belgian Official 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 about 8.5% per year across the filed financial years. Its solvency ranks better than 79% of 9,797 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Wholesale of machine tools
NACE 46620Wholesale of electrical household appliances and audio-video equipment NACE 46431
1 site
Size
≈ €3.3mturnover 2025, estimated
Staff
5.5 FTE
Equity
€1.4m
Profit
€97,017
Turnover estimated from the gross margin
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
K4 · 99.46%
2025 accounts 50 days early2 of 8 deeds summarised
Why 92raises riskLiquidity: current ratio 2.74, cash €59,705lowers riskFounded in 1968Equity €1.4m (73.5% of total assets)Profit of €97,017 (financial year 2025)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Strong
Solvency 98+3
equity 73.5% of total assets
Liquidity 44+6
short-term debt 26.5% · cash 3.2%
Profitability 75+7
return on assets 5.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,896 companies, NACE 46, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.2 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.74, compared with 2.28 in 2024, above the usual 1.5; short-term debt: 26.5% and cash: 3.2% of total assets), and 26.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 78% on solvency, 42% on liquidity, 64% on profitability and 56% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1968
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 2.74, cash €59,705
NBB · annual accounts
lowers risk · Equity €1.4m (73.5% of total assets)
NBB · annual accounts
lowers risk · Profit of €97,017 (financial year 2025)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
50 days early
2024
66 days early
2023
141 days early
2022
4 days early
2021
31 days late
2020
8 days early
2019
54 days 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 (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (4 of the last 5 filed years within 81 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. RestructuringPermanent representative: Vierstraete Kris ·…

Financials · financial year 2025, abbreviated format

Turnover
≈ €3.3m
Estimated: probably between €2.1m and €5.4m
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

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 167% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.1m 2025 Net result€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.09m▼ 48.4%-€0.7m-€0.6m▲ 15.8%€0.3m€1.4m▲ 346%€0.04m▼ 97.3%€0.1m▲ 167%
Net result€0.2m-€0.06m▼ 62.5%-€0.7mbelow the sector's middle half-€0.6mbelow the sector's middle half▲ 13.6%€0.3mabove the sector's middle half€1.3mabove the sector's middle half▲ 322%€0.04mwithin the sector's middle half▼ 97.1%€0.1mwithin the sector's middle half▲ 151%
Equity€0.9m-€0.9m=€0.1mwithin the sector's middle half▼ 83.4%-€0.5mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 64.2%€1.3mabove the sector's middle half€1.3mabove the sector's middle half▲ 1.1%€1.4mabove the sector's middle half▲ 5.6%
Total assets€2.1m-€1.7m▼ 18.0%€1.4mwithin the sector's middle half▼ 16.3%€1.7mwithin the sector's middle half▲ 22.3%€2.1mwithin the sector's middle half▲ 23.1%€1.9mwithin the sector's middle half▼ 8.7%€1.8mwithin the sector's middle half▼ 5.6%€1.8mwithin the sector's middle half▲ 0.5%
Debt€1.1m-€0.8m▼ 32.9%€0.7m▼ 6.1%€0.8m▲ 10.0%€0.9m▲ 11.0%€0.7m▼ 22.3%€0.6m▼ 18.2%€0.5m▼ 11.3%
Working capital€0.9m-€0.6m▼ 31.9%€0.4mwithin the sector's middle half▼ 33.6%€0.6mwithin the sector's middle half▲ 61.0%€0.8mwithin the sector's middle half▲ 32.1%€0.8mwithin the sector's middle half▼ 6.1%€0.7mwithin the sector's middle half▼ 8.5%€0.9mabove the sector's middle half▲ 20.8%
Solvency42.8%-52.2%▲ 9.4pp10.3%below the sector's middle half▼ 41.9pp-28.3%below the sector's middle half▼ 38.6pp-8.2%below the sector's middle half▲ 20.1pp65.3%within the sector's middle half▲ 73.5pp69.9%above the sector's middle half▲ 4.6pp73.5%above the sector's middle half▲ 3.5pp
Current ratio2.08-1.79▼ 0.281.54within the sector's middle half▼ 0.251.80within the sector's middle half▲ 0.251.95within the sector's middle half▲ 0.152.14within the sector's middle half▲ 0.202.28within the sector's middle half▲ 0.132.74within the sector's middle half▲ 0.46
Return on assets (ROA)7.9%-3.6%▼ 4.3pp-52.0%below the sector's middle half▼ 55.7pp-36.7%below the sector's middle half▲ 15.3pp14.7%above the sector's middle half▲ 51.5pp68.2%above the sector's middle half▲ 53.4pp2.1%within the sector's middle half▼ 66.1pp5.3%within the sector's middle half▲ 3.1pp
Staff (FTE)6.5-7.8▲ 20.0%7.6within the sector's middle half▼ 2.6%5.7within the sector's middle half▼ 25.0%6.8within the sector's middle half▲ 19.3%6.9within the sector's middle half▲ 1.5%5.7within the sector's middle half▼ 17.4%5.5within the sector's middle half▼ 3.5%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
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
2025 value · change against 2024
EBITDA
€200,774▲
2024 · €127,033
Cash flow
€192,770▲
2024 · €126,446
Quick ratio
0.88▲
2024 · 0.71
Debt to equity
0.36▼
2024 · 0.43
ROE
7.2%▲
2024 · 3.0%
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.

Peer companies

Historical observation

Of the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€1.8m▲
Fixed assets21/28€0.6m€0.5m▼
Intangible fixed assets21€0.2m€0.2m▼
Tangible fixed assets22/27€0.4m€0.3m▼
Land and buildings22€0.2m€0.2m▼
Plant, machinery and equipment23€0.04m€0.04m▼
Furniture and vehicles24€0.02m€0.03m▲
Other tangible fixed assets26€0.09m€0.08m▼
Current assets29/58€1.3m€1.3m▲
Stocks and contracts in progress3€0.9m€0.9m▲
Stocks30/36€0.9m€0.8m▼
Contracts in progress37-€0.1m
Amounts receivable within one year40/41€0.4m€0.3m▼
Trade receivables40€0.3m€0.3m▲
Other amounts receivable41€0.02m€0▼
Cash at bank and in hand54/58€0.007m€0.06m▲
Deferred charges and accrued income490/1€0.03m€0.03m▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.8m▲
Equity10/15€1.3m€1.4m▲
Contributions10/11€0.3m€0.3m=
Capital10€0.3m€0.3m=
Issued capital100€0.3m€0.3m=
Reserves13€0.9m€1.0m▲
Non-distributable reserves130/1€0.03m€0.03m=
Legal reserve130€0.03m€0.03m=
Tax-exempt reserves132€0.005m€0.005m=
Distributable reserves133€0.9m€1.0m▲
Investment grants15€0.09m€0.07m▼
Amounts payable17/49€0.6m€0.5m▼
Amounts payable within one year42/48€0.6m€0.5m▼
Financial debts43€0.1m€0.1m▼
Credit institutions430/8€0.1m€0.1m▼
Trade debts44€0.2m€0.1m▼
Suppliers440/4€0.2m€0.1m▼
Advances received on contracts in progress46€0.1m€0.1m▲
Taxes, remuneration and social security45€0.1m€0.1m▲
Taxes450/3€0.06m€0.08m▲
Remuneration and social security454/9€0.05m€0.07m▲
Other amounts payable47/48€0.06m€0.01m▼
Accrued charges and deferred income492/3-€199
Income statement Code20242025
Non-recurring operating income76A€0.008m€0▼
Remuneration, social security and pensions62€0.4m€0.4m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.002m€0.004m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€0.03m€0.03m▲
Non-recurring operating charges66A€0.009m€0.001m▼
Gross operating margin9900€0.6m€0.6m▲
Operating profit (loss)9901€0.04m€0.1m▲
Financial income75/76B€0.03m€0.03m▲
Recurring financial income75€0.03m€0.03m▲
Financial charges65/66B€0.02m€0.01m▼
Recurring financial charges65€0.02m€0.01m▼
Profit (loss) for the period before taxes9903€0.05m€0.1m▲
Income taxes67/77€0.008m€0.03m▲
Profit (loss) for the period9904€0.04m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.04m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.04m€0.1m▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€0.04m€0.1m▲
To other reserves6921€0.04m€0.1m▲
Social balance sheet
Average headcount (FTE)90875.75.5▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0€0.001m€0.04m€0.008m€0▼ 100%
Remuneration, social security and pensions62---€0.4m€0.5m€0.5m€0.4m€0.4m▼ 8.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.06m€0.06m€0.05m€0.06m€0.05m€0.05m€0.09m€0.1m▲ 9.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.001m-€0.02m-€23€0.002m€0.004m▲ 82.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€0.9m€0-€1.4m€0--
Other operating charges640/8---€0.02m€0.04m€0.02m€0.03m€0.03m▲ 25.3%
Non-recurring operating charges66A----€0.08m€0€0.009m€0.001m▼ 85.2%
Gross operating margin9900€0.7m€0.7m€0.2m€0.7m€0.9m€0.6m€0.6m€0.6m▲ 6.9%
Operating profit (loss)9901€0.2m€0.09m-€0.7m-€0.6m€0.3m€1.4m€0.04m€0.1m▲ 167%
Financial income75/76B---€0.005m€0.006m€0.01m€0.03m€0.03m▲ 5.3%
Recurring financial income75€0.01m€0.02m€0.01m€0.005m€0.006m€0.01m€0.03m€0.03m▲ 5.3%
Financial charges65/66B---€0.01m€0.01m€0.02m€0.02m€0.01m▼ 54.5%
Recurring financial charges65€0.03m€0.03m€0.009m€0.01m€0.01m€0.02m€0.02m€0.01m▼ 54.5%
Profit (loss) for the period before taxes9903€0.2m€0.08m-€0.7m-€0.6m€0.3m€1.4m€0.05m€0.1m▲ 170%
Income taxes67/77€0.001m€0.02m-€403€0.001m€0.001m€0.1m€0.008m€0.03m▲ 259%
Profit (loss) for the period9904€0.2m€0.06m-€0.7m-€0.6m€0.3m€1.3m€0.04m€0.1m▲ 151%
Profit (loss) for the period to be appropriated9905€0.2m€0.06m-€0.7m-€0.6m€0.3m€1.3m€0.04m€0.1m▲ 151%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.1m€1.7m€1.4m€1.7m€2.1m€1.9m€1.8m€1.8m▲ 0.5%
Fixed assets21/28€0.4m€0.4m€0.3m€0.3m€0.4m€0.5m€0.6m€0.5m▼ 12.9%
Intangible fixed assets21---€0.05m€0.2m€0.3m€0.2m€0.2m▼ 26.1%
Tangible fixed assets22/27€0.4m€0.4m€0.3m€0.3m€0.3m€0.2m€0.4m€0.3m▼ 5.1%
Land and buildings22---€0.2m€0.2m€0.2m€0.2m€0.2m▼ 5.7%
Plant, machinery and equipment23---€0.003m€494€0€0.04m€0.04m▼ 12.6%
Furniture and vehicles24---€0.02m€0.03m€0.02m€0.02m€0.03m▲ 45.6%
Other tangible fixed assets26---€0.01m€0.008m€0.003m€0.09m€0.08m▼ 10.8%
Financial fixed assets28€75€75€25€75€75€0---
Current assets29/58€1.7m€1.3m€1.1m€1.4m€1.7m€1.4m€1.3m€1.3m▲ 6.7%
Stocks and contracts in progress3€1.0m€0.8m€0.7m€0.8m€0.8m€0.8m€0.9m€0.9m▲ 5.2%
Stocks30/36---€0.8m€0.8m€0.8m€0.9m€0.8m▼ 8.2%
Contracts in progress37-------€0.1m-
Amounts receivable within one year40/41€0.6m€0.4m€0.3m€0.6m€0.8m€0.6m€0.4m€0.3m▼ 3.8%
Trade receivables40---€0.6m€0.8m€0.5m€0.3m€0.3m▲ 3.1%
Other amounts receivable41---€0.01m€0.01m€0.05m€0.02m€0▼ 100%
Cash at bank and in hand54/58€0.07m€0.03m€0.05m€0.005m€0.03m€0.05m€0.007m€0.06m▲ 717%
Deferred charges and accrued income490/1---€0.02m€0.03m€0.04m€0.03m€0.03m▲ 0.9%
Equity and liabilities
Total equity and liabilities10/49€2.1m€1.7m€1.4m€1.7m€2.1m€1.9m€1.8m€1.8m▲ 0.5%
Equity10/15€0.9m€0.9m€0.1m-€0.5m-€0.2m€1.3m€1.3m€1.4m▲ 5.6%
Contributions10/11€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Capital10---€0.3m€0.3m€0.3m€0.3m€0.3m=
Issued capital100---€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€0.6m€0.6m€0.6m€0.6m€0.6m€0.9m€0.9m€1.0m▲ 10.3%
Non-distributable reserves130/1---€0.03m€0.03m€0.03m€0.03m€0.03m=
Legal reserve130---€0.03m€0.03m€0.03m€0.03m€0.03m=
Tax-exempt reserves132---€0.005m€0.005m€0.005m€0.005m€0.005m=
Distributable reserves133---€0.6m€0.6m€0.9m€0.9m€1.0m▲ 10.7%
Profit (loss) carried forward14€0.001m€0.001m-€0.7m-€1.4m-€1.1m€0---
Investment grants15-----€0.1m€0.09m€0.07m▼ 26.1%
Provisions and deferred taxes16€0.05m€0.05m€0.6m€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€1.1m€0.8m€0.7m€0.8m€0.9m€0.7m€0.6m€0.5m▼ 11.3%
Amounts payable after more than one year17€0.3m€0.003m€0------
Amounts payable within one year42/48€0.8m€0.7m€0.7m€0.8m€0.9m€0.7m€0.6m€0.5m▼ 11.3%
Current portion of amounts payable after more than one year42---€0-----
Financial debts43---€0.3m€0.3m€0.2m€0.1m€0.1m▼ 8.3%
Credit institutions430/8---€0.3m€0.3m€0.2m€0.1m€0.1m▼ 8.3%
Trade debts44€0.2m€0.2m€0.2m€0.3m€0.4m€0.2m€0.2m€0.1m▼ 28.9%
Suppliers440/4---€0.3m€0.4m€0.2m€0.2m€0.1m▼ 28.9%
Advances received on contracts in progress46---€0.05m€0.1m€0€0.1m€0.1m▲ 3.8%
Taxes, remuneration and social security45---€0.08m€0.09m€0.2m€0.1m€0.1m▲ 34.1%
Taxes450/3---€0.02m€0.02m€0.07m€0.06m€0.08m▲ 19.8%
Remuneration and social security454/9---€0.06m€0.06m€0.1m€0.05m€0.07m▲ 53.6%
Other amounts payable47/48---€0.05m€0.002m€0.07m€0.06m€0.01m▼ 83.1%
Accrued charges and deferred income492/3---€0.002m€0--€199-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.2m€0.06m-€0.7m-€0.6m€0.3m€1.3m€0.04m€0.1m▲ 151%
+ Depreciation and write-downs630€0.06m€0.06m€0.05m€0.06m€0.05m€0.05m€0.09m€0.1m▲ 9.1%
Operating cash flow (approximation)€0.2m€0.1m-€0.7m-€0.6m€0.4m€1.4m€0.1m€0.2m▲ 52.5%
Investment in fixed assets (approximation)--€0.02m€50-€0.07m-€0.2m-€0.1m-€0.2m-€0.02m▲ 87.1%
Change in cash--€0.04m€0.02m-€0.04m€0.03m€0.02m-€0.05m€0.05m-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 49 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 11-06-2026 2026-00160837
31-12-2024 abbreviated format 26-05-2025 2025-00105752
31-12-2023 abbreviated format 12-03-2024 2024-00042026
31-12-2022 abbreviated format 27-07-2023 2023-00277506
31-12-2021 abbreviated format 31-08-2022 2022-20410803
31-12-2020 abbreviated format 23-07-2021 2021-39100117
31-12-2019 abbreviated format 23-09-2020 2020-54900503
31-12-2018 abbreviated format 30-07-2019 2019-40400281
31-12-2017 abbreviated format 14-06-2018 2018-18400038
31-12-2016 abbreviated format 22-05-2017 2017-12900070

Show all 49 filings

Similar companies · same sector, comparable size

Of the 816 active companies whose main activity is wholesale of machine tools (NACE 46620), figures are known for 646. 495 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2023 to 2025 · 5 entries · €14,316 awarded · €14,316 paid
Year Entries AwardedPaid
2025 2 €5,339€5,339
2024 1 €2,569€2,569
2023 2 €6,408€6,408
Schemes
3 entries · €11,511 · €11,511 paid · Vlaams Agentschap voor Internationaal Ondernemen
2 entries · €2,805 · €2,805 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 2 of 8 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

1 owner

Chain of control

  1. K4 99.46%
  2. BUKO

Highest known parent: K4. The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Capital over the years
  1. 16-04-2024 Capital stated in 2 acts · €250,000 · 930 shares

Group and network

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Acquisitions and mergers

1 transaction
Demerger with:K4
BE 0886.828.141partial demerger · proposal · Gazette deed of 16-04-2024 (2 acts)

History

On 1 January 1968, BUKO was incorporated.1 Total assets went from €2.1m in 2018 to €1.8m in 2025 and headcount from 6.5 to 5.5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
11-06
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
26-05
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
16-04
Gazette deed Restructuring
Permanent representative: Vierstraete Kris · Merger · Capital17 facts ▸
  • Merger, “partial split, intrinsieke waarde van de betrokken vennootschappen en na akkoord tussen de aandeelhouders” (deed in Dutch)
  • Capital, €250,000
  • Board composition, K4 (managing director)
  • Permanent representative, Vierstraete Kris
  • Board composition, Hancke Sofie (managing director)
  • Capital, €145,500
  • Board composition, Vierstraete Kris (director)
  • Declaration, “opleg in geld”, 0.0 (deed in Dutch)
  • Declaration, “no special rights, Er zijn in de te splitsen vennootschap geen andere effecten dan aandelen en er worden door de verkrijgende vennootschap geen bijzondere recht…” (deed in Dutch)
  • Proposal, “no audit report, De bestuursorganen zijn voornemens om, conform artikel 12:62 §1 laatste lid van het Wetboek van vennootschappen en verenigingen, aan de respect…” (deed in Dutch)
  • Declaration, “no special advantages, Noch aan de bestuurders van de te splitsen vennootschap, noch aan de bestuurders van de verkrijgende vennootschap worden bijzondere voord…” (deed in Dutch)
  • Other provision, “business economic justification, Onderhavige partiële splitsing kadert in een herstructurering van BUKO NV. Na deze afsplitsing zal BUKO NV verder gaan enkel me…” (deed in Dutch)
  • +5 further facts in this act
12-03
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
31-12
Financial Highest result from 2018 to 2025net €1.3m ▲322%
Operating result €1.4m, net result €1.3m, both a record.
31-12
Financial Equity above €1mequity €1.3m
2 profitable years in a row build equity to €1.3m.
27-07
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
31-12
Financial Back to profitnet €313,843
Net result €313,843 after 2 loss-making years.
10-10
Gazette deed Purpose · Amendment of the articles · Resignations & appointments
Purpose change · Capital · Registered office clause6 facts ▸
  • General meeting, 04-10-2022
  • Amendment of the articles (2 times)
  • Other provision, “kennisname verslag bestuursorgaan omtrent voorgenomen wijziging voorwerp”, 2.1 (deed in Dutch)
  • Purpose change
  • Capital, €250,000
  • Registered office clause, “8500 Kortrijk,Engelse Wandeling 5”, 4 (deed in Dutch)
31-08
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
23-07
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
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.
Show earlier events
23-09
NBB filing Annual accounts filed
financial year 2019 · abbreviated format · 54 days late
2019
30-07
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
14-06
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
22-05
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials.
2 of 8 deeds read
About the unread acts

Of the 8 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 6 have not 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.

Register details

Identification
Legal formPublic limited company
Founded01-01-1968
Financial year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46620Wholesale of machine tools
46496Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405319448
Registered 22-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1956
registered office establishment The establishment unit on the map
Ground area
2,900 m²
Building footprint
1,233 m²
Building volume
5,506 m³
Parcel 34022E0632/00B002, Flanders · tallest building 7.5 m. Linked by address, not a title deed.
1 establishment unit
L. BUYSSCHAERT NV // BUKO.BE
Engelse Wandeling(Kor) 5, 8500 KortrijkManufacture of fabricated metal products, except machinery and equipment
since 1956unit no. 2.004.565.178
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34022E0632/00B002 Flanders 2,900 m² 1 · 1,233 m² 7.5 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De handel in de meest uitgebreide zin, van alle metaalwaren, gereedschappen en toebehoren, en alles wat hiermee rechtstreeks of…” (deed in Dutch)
8 activities (deed in Dutch)
  1. De handel in de meest uitgebreide zin, van alle metaalwaren, gereedschappen en toebehoren, en alles wat hiermee rechtstreeks of onrechtstreeks verband houdt, alsmede de vertegenwoordiging en commissiehandel
  2. De productie van en handel in allerlei machines, materialen en toebehoren, in de ruimste zin van het woord
  3. Diensten verlenen onder elke vorm, aan alle personen zowel rechtspersonen als natuurlijke personen en kan elke hiertoe strekkende handelstransactie of financiële verrichting doen
  4. Alle roerende en onroerende goederen, materiaal en inrichtingen aankopen, in huur nemen, bouwen, verkopen of ruilen
  5. Alle verrichtingen uitvoeren die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundige beheer, uitbreiding, verfraaiing en transformatie van een eigen roerend en onroerend patrimonium, zoals: onroerende goederen aanwerven, laten bouwen en verbouwen, laten opschikken, laten uitrusten, ombouwen, verfraaien, in huur geven of nemen, verkavelen, onderhouden, ontwikkelen en uitbaten, urbaniseren, vervreemden en ruilen met het oog op beheer, wederbelegging en opbrengst
  6. Beschikbare middelen beleggen in alle roerende goederen en waarden, een portefeuille van roerende waarden beheren, en dienaangaande aankopen en verkopen verrichten zonder speculatief karakter
  7. Bij middel van inbreng, versmelting, inschrijving of om het even welke andere wijze, mogen deelnemen aan alle ondernemingen, verenigingen, vennootschapen, die een gelijksoortig of bijhorend voorwerp nastreven of die eenvoudig nuttig zijn tot de algehele of gedeeltelijke verwezenlijking van haar voorwerp
  8. Alle handels-, nijverheids-, financiële, roerende of onroerende handelingen mogen verrichten die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband houden met haar voorwerp of die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden

The full purpose is in the deed

deed of 16-04-2024
Name clauseThe name the company operates under according to its articles.
BUKO
deed of 10-10-2022
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, ZETEL” (deed in Dutch)
deed of 10-10-2022

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Two directors jointly, or a managing director alone
Board ruleHow the board is made up, meets and takes decisions.
“Raad van bestuur, enkel algemene vergadering heeft recht nieuwe bestuurder te benoemen wanneer plaats openvalt vóór einde mandaat” (deed in Dutch)

deed of 10-10-2022

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Saturday of May at 14:00

deed of 10-10-2022

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “De bestuursorganen van de vennootschappen die aan de splitsing deelnemen, stellen bij authentieke of bij onderhandse akte een…” (deed in Dutch)
4 more provisions in the deed, see the deed of 16-04-2024
deed of 16-04-2024
1 more provision in the deed, see the deed of 10-10-2022