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BULGABELGA

Active
Private limited companyfounded 20251 yr activeG. E. Lebonlaan 110, 1160 Oudergem, BelgiumKBO/BCE: BE 1024.533.497
Summary

BULGABELGA has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,393 and a net result of €17,393. Its solvency ranks better than 62% of 17239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes
Profitability100
Solvency96
Growth-
Track record67
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.28; short-term debt: 29.4% and cash: 95% of total assets), and 29.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
70.6%
Return on assets
60.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
25 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 June 2025, BULGABELGA was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€20,393
Total assets
€28,884
Net result
€17,393
Working capital
€19,373

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €28,884
Fixed assets €1,020
Current assets €27,865
Equity and liabilities €28,884
Equity €20,393
Debt €8,492
Debt finances 29.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€22,131
Cash flow
€17,503
Current ratio
3.28
Debt to equity
0.42
ROE
85.3%
ROA
60.2%
Interest coverage
208.06
Debt ≤ 1 year
€8,492
Income taxes
€4,523

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 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% 1.0%
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% 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 11,280 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 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€28,884
Fixed assets21/28€1,020
Tangible fixed assets22/27€1,020
Plant, machinery and equipment23€1,020
Current assets29/58€27,865
Amounts receivable within one year40/41€439
Other amounts receivable41€439
Cash at bank and in hand54/58€27,426
Equity and liabilities
Total equity and liabilities10/49€28,884
Equity10/15€20,393
Contributions10/11€3,000
Profit (loss) carried forward14€17,393
Amounts payable17/49€8,492
Amounts payable within one year42/48€8,492
Trade debts44€791
Suppliers440/4€791
Taxes, remuneration and social security45€4,523
Taxes450/3€4,523
Other amounts payable47/48€3,178
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110
Gross operating margin9900€22,131
Operating profit (loss)9901€22,021
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€106
Recurring financial charges65€106
Profit (loss) for the period before taxes9903€21,915
Income taxes67/77€4,523
Profit (loss) for the period9904€17,393
Profit (loss) for the period to be appropriated9905€17,393
Appropriation of the result
Profit (loss) to be appropriated9906€17,393

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110
Gross operating margin9900€22,131
Operating profit (loss)9901€22,021
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€106
Recurring financial charges65€106
Profit (loss) for the period before taxes9903€21,915
Income taxes67/77€4,523
Profit (loss) for the period9904€17,393
Profit (loss) for the period to be appropriated9905€17,393
Line2025
Assets
Total assets20/58€28,884
Fixed assets21/28€1,020
Tangible fixed assets22/27€1,020
Plant, machinery and equipment23€1,020
Current assets29/58€27,865
Amounts receivable within one year40/41€439
Other amounts receivable41€439
Cash at bank and in hand54/58€27,426
Equity and liabilities
Total equity and liabilities10/49€28,884
Equity10/15€20,393
Contributions10/11€3,000
Profit (loss) carried forward14€17,393
Amounts payable17/49€8,492
Amounts payable within one year42/48€8,492
Trade debts44€791
Suppliers440/4€791
Taxes, remuneration and social security45€4,523
Taxes450/3€4,523
Other amounts payable47/48€3,178
Line2025
Profit (loss) for the period9904€17,393
+ Depreciation and write-downs630€110
Operating cash flow (approximation)€17,503

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

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Timeline · acts, filings and financial milestones

2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
NBB filing
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, Oudergem · 1 establishment unit since 2025
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

G. E. Lebonlaan 1101160 Oudergem
1 establishment unit
BULGABELGA
G. E. Lebonlaan 110, 1160 OudergemOther software publishing
since 20252.375.030.053

Similar companies · same sector, comparable size

Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 5,810 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
Founded20-06-2025
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID 0208:1024533497
Also 9925:BE1024533497
Registered 04-11-2025

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

Register as of 30 September 2026 · Peppol Directory

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