BULK.ID
ActiveSummary
BULK.ID has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €848,765 and a net result of €707,849. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-5
Solvency33▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.04 in 2024; short-term debt: 86.9% and cash: 1% of total assets), and 91.6% 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
8.4%
Return on assets
7%
Age of the figures
15 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 5046 sector peers (2025).
NBB · sector comparisonPosition among 5046 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
31 d early
2023
33 d early
2022
32 d early
2021
19 d early
2020
32 d early
2019
27 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 23 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 (1)
History
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Financials · fiscal year 2025, full schema
Turnover
€9.7m▼ 54.0%
2024 · €21.1m
EBIT margin
8.3%▼ 1.3pp
2024 · 9.6%
Net result
€707,849▼ 56.0%
2024 · €1.6m
Working capital
€1.0m▲ 70.8%
2024 · €587,492
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€21.1m€9.7m▼ 54.0%
Operating result€421,214▲ 105%€954,099▲ 127%€1.6m▲ 68.7%€2.0m▲ 25.8%€808,669▼ 60.1%
Net result€343,473above the sector's middle half▲ 96.6%€748,867above the sector's middle half▲ 118%€1.3mabove the sector's middle half▲ 69.3%€1.6mabove the sector's middle half▲ 27.0%€707,849above the sector's middle half▼ 56.0%
EBIT margin9.6%8.3%▼ 1.3pp
Equity€364,582within the sector's middle half▲ 34.5%€413,448within the sector's middle half▲ 13.4%€581,166within the sector's middle half▲ 40.6%€690,916within the sector's middle half▲ 18.9%€848,765within the sector's middle half▲ 22.8%
Total assets€1.7mwithin the sector's middle half▼ 25.1%€3.2mabove the sector's middle half▲ 86.5%€6.2mabove the sector's middle half▲ 92.3%€14.7mabove the sector's middle half▲ 138%€10.1mwithin the sector's middle half▼ 31.5%
Debt€1.4m▼ 33.1%€2.8m▲ 106%€5.6m▲ 100.0%€14.0m▲ 150%€9.2m▼ 34.1%
Working capital€888,413above the sector's middle half▼ 40.8%€1.6mabove the sector's middle half▲ 78.6%€3.7mabove the sector's middle half▲ 136%€587,492within the sector's middle half▼ 84.3%€1.0mwithin the sector's middle half▲ 70.8%
Solvency21.2%within the sector's middle half▲ 9.4pp12.9%below the sector's middle half▼ 8.3pp9.4%below the sector's middle half▼ 3.5pp4.7%below the sector's middle half▼ 4.7pp8.4%below the sector's middle half▲ 3.7pp
Current ratio2.18within the sector's middle half▼ 0.992.01within the sector's middle half▼ 0.172.63within the sector's middle half▲ 0.631.04below the sector's middle half▼ 1.591.11below the sector's middle half▲ 0.07
Return on assets (ROA)19.9%above the sector's middle half▲ 12.3pp23.3%above the sector's middle half▲ 3.4pp20.5%above the sector's middle half▼ 2.8pp11.0%above the sector's middle half▼ 9.6pp7.0%within the sector's middle half▼ 3.9pp
Staff (FTE)5.5within the sector's middle half▼ 15.4%6.5within the sector's middle half▲ 18.2%7.2within the sector's middle half▲ 10.8%7.9within the sector's middle half▲ 9.7%8.2within the sector's middle half▲ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Turnover -54%, Net result -56% on 2024. This fiscal year ran 6 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€318,745 ▲ 46.4%
Current assets
€9.8m ▼ 32.6%
Equity and liabilities €10.1m
Equity
€848,765 ▲ 22.8%
Debt
€9.2m ▼ 34.1%
Debt's share of the balance-sheet total falls from 95.3% to 91.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€846,691▼
2024 · €2.1m
Cash flow
€745,871▼
2024 · €1.6m
Debt to equity
10.87▼
2024 · 20.27
ROE
83.4%▼
2024 · 233.0%
Interest coverage
212.46▼
2024 · 409.41
Debt ≤ 1 year
€8.8m▼
2024 · €13.9m
Debt > 1 year
€185,660▲
2024 · €112,676
Income taxes
€243,223▼
2024 · €553,001
Staff costs
€411,668▼
2024 · €848,093
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 928 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €21.5m | €9.7m | ▼ 54.9% |
| Turnover70 | - | - | - | €21.1m | €9.7m | ▼ 54.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €141,365 | -€141,365 | ▼ 200% |
| Other operating income74 | - | - | - | €262,680 | €130,999 | ▼ 50.1% |
| Non-recurring operating income76A | €3,550 | €0 | €22,840 | €0 | €2,000 | - |
| Operating charges60/66A | - | - | - | €19.5m | €8.9m | ▼ 54.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €17.7m | €7.9m | ▼ 55.1% |
| Purchases600/8 | - | - | - | €17.7m | €7.9m | ▼ 55.1% |
| Services and other goods61 | - | - | - | €882,603 | €505,364 | ▼ 42.7% |
| Remuneration, social security and pensions62 | €551,714 | €667,299 | €776,870 | €848,093 | €411,668 | ▼ 51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,468 | €30,841 | €19,818 | €38,087 | €38,022 | ▼ 0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,782 | €0 | - | - |
| Other operating charges640/8 | €5,236 | €5,875 | €7,112 | €6,777 | €840 | ▼ 87.6% |
| Non-recurring operating charges66A | - | - | €8,930 | €2,750 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.0m | €1.7m | €2.4m | - | - | - |
| Operating profit (loss)9901 | €421,214 | €954,099 | €1.6m | €2.0m | €808,669 | ▼ 60.1% |
| Financial income75/76B | €13,772 | €22,721 | €81,444 | €207,309 | €161,103 | ▼ 22.3% |
| Recurring financial income75 | €13,772 | €22,721 | €81,444 | €207,309 | €161,103 | ▼ 22.3% |
| Income from current assets751 | - | - | - | €14,721 | €19,834 | ▲ 34.7% |
| Other financial income752/9 | - | - | - | €192,589 | €141,269 | ▼ 26.6% |
| Financial charges65/66B | €2,022 | €2,563 | €3,551 | €70,024 | €18,701 | ▼ 73.3% |
| Recurring financial charges65 | €2,022 | €2,563 | €3,551 | €70,024 | €18,701 | ▼ 73.3% |
| Debt charges650 | - | - | - | €5,040 | €3,985 | ▼ 20.9% |
| Other financial charges652/9 | - | - | - | €64,983 | €14,715 | ▼ 77.4% |
| Profit (loss) for the period before taxes9903 | €432,964 | €974,257 | €1.7m | €2.2m | €951,072 | ▼ 56.0% |
| Income taxes67/77 | €89,491 | €225,391 | €419,958 | €553,001 | €243,223 | ▼ 56.0% |
| Taxes670/3 | - | - | - | €553,001 | €243,223 | ▼ 56.0% |
| Profit (loss) for the period9904 | €343,473 | €748,867 | €1.3m | €1.6m | €707,849 | ▼ 56.0% |
| Profit (loss) for the period to be appropriated9905 | €343,473 | €748,867 | €1.3m | €1.6m | €707,849 | ▼ 56.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €3.2m | €6.2m | €14.7m | €10.1m | ▼ 31.5% |
| Fixed assets21/28 | €80,667 | €49,827 | €142,829 | €217,781 | €318,745 | ▲ 46.4% |
| Tangible fixed assets22/27 | €80,667 | €49,827 | €142,829 | €217,781 | €318,745 | ▲ 46.4% |
| Plant, machinery and equipment23 | - | - | - | €2,036 | €1,825 | ▼ 10.4% |
| Furniture and vehicles24 | €80,667 | €49,827 | €142,829 | €215,745 | €316,921 | ▲ 46.9% |
| Current assets29/58 | €1.6m | €3.2m | €6.0m | €14.5m | €9.8m | ▼ 32.6% |
| Stocks and contracts in progress3 | - | - | - | €141,365 | €0 | ▼ 100% |
| Contracts in progress37 | - | - | - | €141,365 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1.3m | €2.8m | €5.9m | €5.7m | €2.0m | ▼ 65.1% |
| Trade receivables40 | €1.0m | €588,886 | €4.1m | €4.3m | €1.8m | ▼ 58.1% |
| Other amounts receivable41 | €272,100 | €2.2m | €1.8m | €1.4m | €177,977 | ▼ 87.0% |
| Current investments50/53 | - | - | - | €8.5m | €7.6m | ▼ 10.3% |
| Other investments51/53 | - | - | - | €8.5m | €7.6m | ▼ 10.3% |
| Cash at bank and in hand54/58 | €233,838 | €350,115 | €89,844 | €93,460 | €103,024 | ▲ 10.2% |
| Deferred charges and accrued income490/1 | €109,294 | €18,066 | €38,024 | €44,061 | €40,083 | ▼ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €3.2m | €6.2m | €14.7m | €10.1m | ▼ 31.5% |
| Equity10/15 | €364,582 | €413,448 | €581,166 | €690,916 | €848,765 | ▲ 22.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €25,007 | €25,007 | €25,007 | €25,007 | €25,007 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €23,147 | €23,147 | €23,147 | €23,147 | €23,147 | = |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €333,375 | €382,241 | €549,959 | €659,709 | €817,558 | ▲ 23.9% |
| Amounts payable17/49 | €1.4m | €2.8m | €5.6m | €14.0m | €9.2m | ▼ 34.1% |
| Amounts payable after more than one year17 | €35,518 | €7,882 | €91,738 | €112,676 | €185,660 | ▲ 64.8% |
| Financial debts170/4 | €35,518 | €7,882 | €91,738 | €112,676 | €185,660 | ▲ 64.8% |
| Credit institutions173 | - | - | - | €112,676 | €185,660 | ▲ 64.8% |
| Amounts payable within one year42/48 | €753,701 | €1.6m | €2.3m | €13.9m | €8.8m | ▼ 37.0% |
| Current portion of amounts payable after more than one year42 | €32,193 | €27,637 | €33,690 | €40,826 | €65,552 | ▲ 60.6% |
| Trade debts44 | €373,467 | €709,811 | €847,302 | €2.7m | €2.5m | ▼ 10.0% |
| Suppliers440/4 | €373,467 | €709,811 | €847,302 | €2.7m | €2.5m | ▼ 10.0% |
| Advances received on contracts in progress46 | - | - | - | €9.4m | €5.4m | ▼ 42.1% |
| Taxes, remuneration and social security45 | €135,541 | €245,062 | €479,043 | €237,806 | €244,424 | ▲ 2.8% |
| Taxes450/3 | €84,540 | €157,277 | €383,067 | €126,201 | €171,548 | ▲ 35.9% |
| Remuneration and social security454/9 | €51,002 | €87,784 | €95,976 | €111,604 | €72,875 | ▼ 34.7% |
| Other amounts payable47/48 | €212,500 | €595,000 | €935,000 | €1.5m | €550,000 | ▼ 63.3% |
| Accrued charges and deferred income492/3 | €568,980 | €1.2m | €3.2m | €1,681 | €287,717 | ▲ 17,020% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €343,473 | €748,867 | €1.3m | €1.6m | €707,849 | ▼ 56.0% |
| + Depreciation and write-downs630 | €31,468 | €30,841 | €19,818 | €38,087 | €38,022 | ▼ 0.2% |
| Operating cash flow (approximation) | €374,941 | €779,707 | €1.3m | €1.6m | €745,871 | ▼ 54.7% |
| Investment in fixed assets (approximation) | - | €0 | -€112,820 | -€113,039 | -€138,986 | ▼ 23.0% |
| Change in cash | - | €116,277 | -€260,272 | €3,616 | €9,564 | ▲ 164% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.6m ▲27%
Operating result €2.0m, net result €1.6m, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €581,166 ▲40.6%
6 profitable years in a row build equity to €581,166.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €135,573 ▼67.6%
Net result drops to €135,573, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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 5 acts read
About the unread acts
We know of 5 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
5 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, Waregem · 1 establishment unit since 2004
Ground area
4,197 m²
Building footprint
1,085 m²
Volume, LiDAR
7,682 m³
Parcel 34006B0013/00K002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BULK.ID
since 20042.136.472.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006B0013/00K002 | Flanders | 4,197 m² | 1 · 1,085 m² | 8.9 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- BC OUDE KASSEI
- BULK.ID
Highest known parent: BC OUDE KASSEI. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of BULK.ID and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,301 EUR awarded · 1,710 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 65 EUR | 65 EUR |
| 2024 | 1 | 497 EUR | 906 EUR |
| 2023 | 1 | 0 EUR | 159 EUR |
| 2022 | 1 | 739 EUR | 580 EUR |
European research
1 project · 161,250 EUR EU contributionProgrammes
Projects
Removal of Legacy Substances from polyvinylchloride (PVC) via a continuous and sustainable extrusion process
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Of 1,076 companies in sector 46140 we hold annual accounts for 646. 382 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
Founded05-04-2004
Fiscal year end30-06
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
33200Installation of industrial machinery and equipment
46180Agents specialised in the wholesale of other particular products
46620Wholesale of machine tools
82990Other business support services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864533086
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.