Bulba
ActiveSummary
Bulba has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,470 and a net result of €110,186. Its solvency ranks better than 70% of 9,666 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-12-2024 Normal situation
- Activity
- Other business support services NACE 82990and 1 other
- Establishment unit
- 2.368.103.362 2200 Herentals, since 24-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €140,769
- Turnover
- ≈ €210,000
- estimated
- Profit
- €110,186
- Equity
- €111,470
- ▲ 87×
- Total assets
- €157,641
- ▲ 53×
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 3.41, cash €138,281Sector: Office administrative, office support and other business support activities (NACE 82)Equity €111,470 (70.7% of total assets)Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 85% of micro companies in office administrative support (NACE 82)
Financial strength · tick: 2024
Strong
Solvency
96+28
equity 70.7% of total assets
Liquidity
88+2
short-term debt 29.3% · cash 87.7%
Profitability
100+100
return on assets 69.9%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.1%
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.2 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €10,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 3.41, above the usual 1.5. Short-term debt is 29.3% and cash 87.7% of total assets. 29.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 82, micro). It does better than 71% of them on solvency, 82% on liquidity, 87% on profitability and 99% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
29 days early
2024
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 25 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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.
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 2 filings
Turnover
≈ €210,000
Estimated: probably between €170,000 and €290,000
Total assets
€157,641▲ 53×
2024 · €3,000
Net result
€110,186
2024 · -€1,716
Working capital
€111,470▲ 55×
2024 · €2,034
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€139,687
2025
20242025
Net result
€110,186
2025
highest quarter of the sector
20242025
Equity
€111,470
▲ 87×
2025
middle half of the sector
20242025
Total assets
€157,641
▲ 53×
2025
middle half of the sector
20242025
Debt
€46,171
▲ 27×
2025
20242025
Working capital
€111,470
▲ 55×
2025
highest quarter of the sector
20242025
Solvency
70.7%
2025
middle half of the sector
20242025
Current ratio
3.41
2025
middle half of the sector
20242025
Return on assets (ROA)
69.9%
2025
highest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€1,716-€139,687
Net result-€1,716below the sector's middle half-€110,186above the sector's middle half
Equity€1,284below the sector's middle half-€111,470within the sector's middle half▲ 87×
Total assets€3,000below the sector's middle half-€157,641within the sector's middle half▲ 53×
Debt€1,716-€46,171▲ 27×
Working capital€2,034within the sector's middle half-€111,470above the sector's middle half▲ 55×
Solvency70.7%within the sector's middle half
Current ratio3.41within the sector's middle half
Return on assets (ROA)69.9%above the sector's middle half
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €139,687, after a loss of €1,716 in 2024.
Turnover and EBIT margin are not published. The micro 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
Equity and liabilities €157,641
Equity
€111,470 ▲ 87×
Debt
€46,171 ▲ 27×
Debt's share of the balance-sheet total falls from 57.2% to 29.3%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.41
ROE
98.8%
Debt ≤ 1 year
€46,171▲
2024 · €966
Income taxes
€29,501
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €322 | €1,082 | ▲ 236% |
| Gross operating margin9900 | -€1,394 | €140,769 | - |
| Operating profit (loss)9901 | -€1,716 | €139,687 | - |
| Profit (loss) for the period before taxes9903 | -€1,716 | €139,687 | - |
| Income taxes67/77 | - | €29,501 | - |
| Profit (loss) for the period9904 | -€1,716 | €110,186 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,716 | €110,186 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3,000 | €157,641 | ▲ 53× |
| Current assets29/58 | €3,000 | €157,641 | ▲ 53× |
| Amounts receivable within one year40/41 | - | €19,360 | - |
| Trade receivables40 | - | €19,360 | - |
| Cash at bank and in hand54/58 | €3,000 | €138,281 | ▲ 46× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3,000 | €157,641 | ▲ 53× |
| Equity10/15 | €1,284 | €111,470 | ▲ 87× |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | - | €108,470 | - |
| Distributable reserves133 | - | €108,470 | - |
| Profit (loss) carried forward14 | -€1,716 | €0 | - |
| Amounts payable17/49 | €1,716 | €46,171 | ▲ 27× |
| Amounts payable within one year42/48 | €966 | €46,171 | ▲ 48× |
| Trade debts44 | €966 | €0 | ▼ 100% |
| Suppliers440/4 | €966 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €44,470 | - |
| Taxes450/3 | - | €42,470 | - |
| Remuneration and social security454/9 | - | €2,000 | - |
| Other amounts payable47/48 | - | €1,701 | - |
| Accrued charges and deferred income492/3 | €750 | €0 | ▼ 100% |
Historical observation
In July 2024, 11,279 companies had the same profile as Bulba has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.6%
was still going
2.6%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of Bulba itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for Bulba. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Directors
1 director, no change since 2024
VAN dEN BULCK, Herman Petrus
Current
Director · appointed in the act of 30-12-2024 · listed in the 2025 annual accounts, filed on 02-07-2026
Owners and capital
Shareholders
At incorporation
act of 30-12-2024 ↗
- VAN dEN BULCK, Herman Petrus 100 shares (100%) · €3,000 in cash
Capital transactions
Capital over time
- 30-12-2024 Incorporation · €3,000 · 100 shares
Articles of association
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en andere helft ten laste koper(s),naar evenredigheid verworven aantal bij meer kopers,ook bij weigering…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “100, gelijk recht in de winstverdeling”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 30-12-2024 (in Dutch)
Network & group
Bulba shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Bulba. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
02-07
micro format · 29 days before the deadline
2025
31-12
Financial
Back to profitnet €110,186
The net result is €110,186, after one loss-making year.
31-12
Financial
Equity above €100,000equity €111,470 ▲8,581%
Equity rises from €1,284 to €111,470.
10-07
micro format · 21 days before the deadline
2024
30-12
Gazette deed
IncorporationStarting capital €3,000 · Appointment: VAN dEN BULCK, Herman Petrus (director) · Founder11 points ▸
Gazette deed
Incorporation
Starting capital €3,000 · Appointment: VAN dEN BULCK, Herman Petrus (director) · Founder11 points ▸
- Founder, VAN dEN BULCK, Herman Petrus
- Incorporation, “Bulba” (deed in Dutch)
- Founding capital, €3,000
- Other provision, 10-12-2024
- VAN dEN BULCK, Herman Petrus holds all the shares
- Bank account, “BE88 0019 9672 0041, vennootschap in oprichting” (deed in Dutch)
- Other provision, “bevestiging deponering overeenkomstig Wetboek van vennootschappen en verenigingen, heden” (deed in Dutch)
- Director appointment, VAN dEN BULCK, Herman Petrus (director)
- Other provision, “geen bestuur- of ondernemingsverbod, geen veroordeling tot bestuur- of ondernemingsverbod door binnenlands en buitenlands rechtscollege” (deed in Dutch)
- Registered office clause, “2200 Herentals (Noorderwijk), Servaas Daemsstraat 105” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen aangegaan in naam van vennootschap in oprichting” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 24 December 2024, Bulba was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 VAN dEN BULCK, Herman Petrus is director of the company, appointed in the act of 30-12-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordName
Bulba in Dutch
Enterprise number
1017.887.316
Legal form
Private limited company
Status
Active, normale toestand
Founded
24-12-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-12-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, België of buitenland”
deed of 30-12-2024 (in Dutch)Registered office and establishments
Registered office
Servaas Daemsstraat(NDW) 105, 2200 Herentals, Belgium
Establishment unit
Bulba, Servaas Daemsstraat(NDW) 105, 2200 Herentals since 24-12-2024 · unit number 2.368.103.362
Activities
NACEBEL 202582990
Other business support services main activity
70200
Business and other management consultancy
Codes under NACEBEL 2008
82990
Other business support services main activity
70220
Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 30-12-2024 (in Dutch)
“Alle welk danige verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in…”
15 activities
- Alle welk danige verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in de meest ruime betekenis van het woord,omvattend-doch geenszins beperkt tot-het uitvoeren van alle studies en onderzoeken alsmede het verlenen van alle adviezen en alle bijstand inzake het geheel of enig deelaspect van het bestuur,directie,de controle en de vereffening van vennootschappen,ondernemingen,bedrijvigheden en verenigingen zonder onderscheid.
- Het optreden als studie-,organisatie-,raadgevend en beherend bureau inzake zowel de in onderhavig artikel vermelde aangelegenheden,als inzake financiële,handels-,fiscale of sociale aangelegenheden,zowel ten behoeve van vennootschappen,ondernemingen,bedrijvigheden,openbare besturen,verenigingen en particulieren.
- Het nemen van participaties in ondernemingen,al dan niet Belgische,in alle sectoren van de industrie,handel of diensten.Dit omvat onder meer kapitaalverschaffing aan bestaande of nog op te richten vennootschappen of ondernemingen en ook investeringen in toekomstgerichte projecten met hogere risicograad.De vennootschap kan participaties verwerven door aankoop of enige andere rechtsgeldige wijze van verwerving.Zij kan haar participaties beheren,valoriseren en ten gelde maken.
- Het waarnemen van bestuurs-en vereffeningsmandaten in om Belgische of buitenlandse,reeds bestaande of nog op te richten vennootschap.Zij mag het bestuur en de vereffening waarnemen in alle vennootschappen waarmee rechtstreeks of onrechtstreeks een band van deelneming bestaat,of die verwant zijn met haar aandeelhouders of bestuurders.Meer in het bijzonder kan de vennootschap ondernemingen waarin zij participeert of onrechtstreeks belang bij heeft,mee besturen en toezicht uitoefenen op de bedrijfsvoering teneinde de ontwikkeling en de realisatie van het maatschappelijk doel van deze ondernemingen te stimuleren en te coördineren.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm,het borg stellen of aval verlenen in de meest ruime zin,het dekken van risico’s voortspruitend uit schommelingen van de wisselkoersen en intrestvoeten,kortom:het verrichten van alle handels-en financiële operaties behalve die wettelijk voorbehouden zijn aan de houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- Meer in het bijzonder kan de vennootschap alle leningen,van gelijke welke vorm(onder andere onder vorm van converteerbare obligatieleningen)en voor gelijk welke duur toestaan de vennootschappen waarmee rechtstreeks of onrechtstreeks een band van deelneming bestaat,of persoonlijk of zakelijke zekerheden voor deze vennootschappen.
- De uitbouw van een roerend patrimonium,het beleggen of wederbeleggen van alle beschikbare middelen onder welke vorm ook,onder andere door het participeren door middel van fusie,inschrijving,deelname of verkrijging van aandelen,in alle bestaande of nog op te richten Belgische of buitenlande vennootschappen,het aankopen van aandelen in alle bestaande of nog op te richten Belgische of buitenlandse vennootschappen,het aankopen van obligaties of kasbons,en dergelijke,en het beheer van deze roerende waarden.
- Het beheer van een onroerend patrimonium zowel in volle eigendom,vruchtgebruik als blote eigendom als onder de vorm van alle andere onroerende zakelijke rechten zoals onder meer erfpacht-en opstalrechten.Onder het beheer wordt verstaan:de aankoop,(onder)verhuring,leasing,uitrusting,inrichten,uitbaten,verbouwen,gratis ter beschikking stelling en vervreemding,als ook het verschaffen van voordelen aan haar zaakvoerders of vennoten om de werking van de vennootschap te bevorderen.
- Het verlenen van financiële,administratieve,commerciële,juridische fiscale,technische en consultatieve bijstand aan ondernemingen en natuurlijke personen,en het uitvoeren van alle hiertoe strekkende handelstransacties verrichtingen,inclusief het verlenen van voorschotten,overname van vorderingen,intekenen op obligaties,waarborgverstrekking,verlenen van managementadvies en aanverwante verrichtingen,en dit zelfs zonder enige participatie in het maatschappelijk kapitaal van de bedoelde personen en ondernemingen te hebben.
- Het uitvoeren van diverse land-en tuinbouwwerken voor rekening van derden
- Het uitvoeren van grondwerken
- Verhuur van materieel
- Slopingswerken
- Rioleringswerken
- Bouwen,herstellen en onderhouden van wegen
Invoicing and payment
VAT number
BE 1017.887.316
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Thursday of June at 18:00
deed of 30-12-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
5,010 m²
Building footprint
125 m²
Building volume
756 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13027A0256/00S000 | Flanders | 5,010 m² | 1 · 125 m² | 8.9 m · 2 |