BUL-TECH
ActiveSummary
The computed 12-month bankruptcy probability of BUL-TECH is 7.4% (elevated). The 2024 annual accounts show negative equity (-€10,226) and a net result of -€12,226. Its solvency ranks better than 7% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€10,226
- Loss
- -€12,226
Why 31raises risk1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 1 of the last 3 lateFounded in 2023Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €33,023Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro): better than 3% on solvency, 7% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 27-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its 2024 accounts 61 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: ATANASOV Nikolay (director) ·…
Financials · financial year 2024, micro format
2024 annual accounts filed late (61 days) Filed on 30 September 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00534256.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 7.4% 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%.
| 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 7,639 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.
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,320 |
| Other operating charges640/8 | €35 |
| Gross operating margin9900 | -€3,657 |
| Operating profit (loss)9901 | -€12,012 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €214 |
| Recurring financial charges65 | €214 |
| Profit (loss) for the period before taxes9903 | -€12,226 |
| Profit (loss) for the period9904 | -€12,226 |
| Profit (loss) for the period to be appropriated9905 | -€12,226 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €33,023 | |
| Fixed assets21/28 | €22,180 | |
| Tangible fixed assets22/27 | €22,180 | |
| Furniture and vehicles24 | €22,180 | |
| Current assets29/58 | €10,843 | |
| Amounts receivable within one year40/41 | €9,365 | |
| Trade receivables40 | €6,507 | |
| Other amounts receivable41 | €2,858 | |
| Cash at bank and in hand54/58 | €1,478 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €33,023 | |
| Equity10/15 | -€10,226 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | -€12,226 | |
| Amounts payable17/49 | €43,249 | |
| Amounts payable within one year42/48 | €43,249 | |
| Current portion of amounts payable after more than one year42 | €11,829 | |
| Trade debts44 | €945 | |
| Suppliers440/4 | €945 | |
| Taxes, remuneration and social security45 | €30,475 | |
| Taxes450/3 | €23,607 | |
| Remuneration and social security454/9 | €6,867 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€12,226 |
| + Depreciation and write-downs630 | €8,320 |
| Operating cash flow (approximation) | -€3,906 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00534256 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| ATANASOV Nikolay |
|
Owners and capital
Capital and shareholders
- ATANASOV Nikolay sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-06-2023 Incorporation · €2,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-06
Gazette deed
IncorporationAppointment: ATANASOV Nikolay (director) · Founder · Founding capital12 facts ▸
- Founder, ATANASOV Nikolay (comparant)
- Incorporation, “BUL-TECH” (deed in Dutch)
- Other provision, “financieel plan, minimum twee jaar” (deed in Dutch)
- Other provision, “verantwoordelijkheid oprichter bij faillissement, notaris licht comparant in” (deed in Dutch)
- Founding capital, €2,000
- Capital
- Registered office clause, “1950 Kraainem, Steenweg op Mechelen 455/1, thans” (deed in Dutch)
- Other provision, website
- Other provision, “waarschuwing-erkenning, verplichtingen en verantwoordelijkheid oprichters, bestuurders, commissarissen en andere met bestuur of toezicht belaste personen, gevol…” (deed in Dutch)
- Board rule, 1
- General meeting, “comparant samen in vergadering betreffende hierboven opgerichte vennootschap, eenparigheid van stemmen” (deed in Dutch)
- Director appointment, ATANASOV Nikolay (director)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0802.770.713
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BUL-TECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, overal verplaatsbaar bij eenvoudige beslissing bestuursorgaan voor zover verplaatsing in Brussels Gewest of Vlaams Gewest…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, benoemd met of zonder beperking van duur” (deed in Dutch)“Geboekt op algemene kosten,los van representatie-,reis- en verplaatsingskosten, bedrag vaste of evenredige vergoeding” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandeelhouders mogen kennis nemen betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid verworven aantal bij meer…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Uitgifte nieuwe aandelen waarop in geld wordt ingeschreven, overblijvende aandelen eerst aangeboden aan andere aandeelhouders die…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ALGEMENE VERGADERING Artikel 14. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing AV” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, recht AV één of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en…” (deed in Dutch)