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BULL

Active
Private limited companyfounded 201313 yrs activeJules Destréestraat 45, 2660 Antwerpen, BelgiumKBO/BCE: BE 0526.868.663
Summary

BULL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,806 and a net result of €15,893. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 2270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
BULLActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Machining of metals
NACE 25530Manufacture of fabricated metal products, except machinery and equipment NACE 25620
1 site
Size
€434,979total assets 2025
Staff
1.3 FTE
Equity
€158,806
Profit
€15,893
Turnover not published (abridged schema)
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts filed 11 d late0 of 4 deeds read
Why 91- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)+ Size: total assets €434,979+ Founded in 2013+ Liquidity: current ratio 1.40, cash €70,554Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 50% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 62-1
equity 36.5% of total assets
Liquidity 61+5
short-term debt 24.3% · cash 16.2%
Profitability 73+1
return on assets 3.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,675 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -7.5% vs 12-2024 02-2025: 0.2%▲ +1.1% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▲ +10.6% vs 03-2025 05-2025: 0.2%▲ +6.3% vs 04-2025 06-2025: 0.2%▼ -1.8% vs 05-2025 07-2025: 0.3%▲ +44.2% vs 06-2025 08-2025: 0.3%▲ +3.2% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -1.2% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.4%▲ +12.5% vs 03-2026 05-2026: 0.4%● 0.0% vs 04-2026 06-2026: 0.3%▼ -3.6% vs 05-2026 07-2026: 0.4%▲ +10.1% vs 06-2026 08-2026: 0.8%▲ +117% vs 07-2026highest value 09-2026: 0.2%▼ -81.6% vs 08-2026lowest value 10-2026: 0.2%● 0.0% vs 09-2026lowest value
  • Size: total assets €434,979 lowers the probability for this profile
  • Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
  • Founded in 2013 lowers the probability for this profile
  • Liquidity: current ratio 1.40, cash €70,554 lowers the probability
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.49 in 2024; short-term debt: 24.3% and cash: 16.2% of total assets), and 63.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 39%, liquidity 61%, profitability 47%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €434,979
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 2013
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 1.40, cash €70,554
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filings
Deviation from the deadline
2025
11 d late
2024
21 d early
2023
7 d early
2022
4 d early
2021
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Equity above €150,000Eq €158,806 ▲6.9%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: 5 profitable years in a rowprofit 2025: €15,893 5 years View
  • Total assets 20255 fiscal years filed €434,979 View
  • Active since 2013founded 15-04-2013 13 years View

By topic

Financials

Fiscal year
2025
Total assets
€434,979
Profit
€15,893
Solvency
36.5%
Total assets▲ 11.0%
Net result
20212025
Go to Financials

Timeline

Events
9
Since
2022
Next accounts
by 31-07-2027
  1. 11-08-2026Annual accounts filed
  2. 31-12-2025Equity above €150,000
  3. 10-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Machining of metalsNACE 25530
Founded
15-04-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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