BULL
ActiveSummary
The computed 12-month bankruptcy probability of BULL is 4.2% (elevated). The 2025 annual accounts show equity of €19,756 and a net result of €15,306. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 409 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency74▼-13
Growth78=
Track record92
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.94 against 2.65 in 2024; short-term debt: 51.2% and cash: 72.1% of total assets), but 51.2% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
48.8%
Return on assets
37.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
31 d early
2023
35 d early
2022
32 d early
2021
32 d early
2020
32 d early
2019
31 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 15 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€19,756▲ 344%
2024 · €4,451
Total assets
€40,518▲ 467%
2024 · €7,140
Net result
€15,306
2024 · -€3,222
Working capital
€19,546▲ 339%
2024 · €4,451
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, 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
Operating result€2,784▲ 10.4%€3,228▲ 15.9%-€1,475-€3,087▼ 109%€19,215
Net result€2,651within the sector's middle half▲ 10.5%€3,048within the sector's middle half▲ 15.0%-€1,605within the sector's middle half-€3,222within the sector's middle half▼ 101%€15,306within the sector's middle half
Equity€6,230below the sector's middle half▲ 74.1%€9,277below the sector's middle half▲ 48.9%€7,672below the sector's middle half▼ 17.3%€4,451below the sector's middle half▼ 42.0%€19,756within the sector's middle half▲ 344%
Total assets€6,845below the sector's middle half▲ 29.7%€9,397below the sector's middle half▲ 37.3%€7,900below the sector's middle half▼ 15.9%€7,140below the sector's middle half▼ 9.6%€40,518below the sector's middle half▲ 467%
Debt€615▼ 63.8%€119▼ 80.6%€228▲ 91.4%€2,690▲ 1,078%€20,761▲ 672%
Working capital€6,230within the sector's middle half▲ 74.1%€9,277within the sector's middle half▲ 48.9%€7,781within the sector's middle half▼ 16.1%€4,451within the sector's middle half▼ 42.8%€19,546within the sector's middle half▲ 339%
Solvency91.0%above the sector's middle half▲ 23.2pp98.7%above the sector's middle half▲ 7.7pp97.1%above the sector's middle half▼ 1.6pp62.3%within the sector's middle half▼ 34.8pp48.8%within the sector's middle half▼ 13.6pp
Current ratio11.13above the sector's middle half▲ 8.0278.76above the sector's middle half▲ 67.6366.22above the sector's middle half▼ 12.542.65within the sector's middle half▼ 63.571.94within the sector's middle half▼ 0.71
Return on assets (ROA)38.7%above the sector's middle half▼ 6.8pp32.4%above the sector's middle half▼ 6.3pp-20.3%below the sector's middle half▼ 52.7pp-45.1%below the sector's middle half▼ 24.8pp37.8%above the sector's middle half▲ 82.9pp
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19,215 after a loss of €3,087 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,518
Fixed assets
€210
Current assets
€40,308
Equity and liabilities €40,518
Equity
€19,756 ▲ 344%
Debt
€20,761 ▲ 672%
Debt's share of the balance-sheet total rises from 37.7% to 51.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.05▲
2024 · 0.60
ROE
77.5%▲
2024 · -72.4%
Debt ≤ 1 year
€20,761▲
2024 · €2,690
Income taxes
€3,582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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 26,975 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €174 | €348 | €448 | €1,137 | €1,227 | ▲ 8.0% |
| Non-recurring operating charges66A | - | - | - | - | €6,540 | - |
| Gross operating margin9900 | €2,958 | €3,575 | -€1,027 | -€1,950 | €26,981 | ▲ 1,484% |
| Operating profit (loss)9901 | €2,784 | €3,228 | -€1,475 | -€3,087 | €19,215 | ▲ 723% |
| Financial charges65/66B | €133 | €180 | €130 | €135 | €327 | ▲ 142% |
| Recurring financial charges65 | €133 | €180 | €130 | €135 | €327 | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €2,651 | €3,048 | -€1,605 | -€3,222 | €18,888 | ▲ 686% |
| Income taxes67/77 | - | - | - | - | €3,582 | - |
| Profit (loss) for the period9904 | €2,651 | €3,048 | -€1,605 | -€3,222 | €15,306 | ▲ 575% |
| Profit (loss) for the period to be appropriated9905 | €2,651 | €3,048 | -€1,605 | -€3,222 | €15,306 | ▲ 575% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,845 | €9,397 | €7,900 | €7,140 | €40,518 | ▲ 467% |
| Fixed assets21/28 | - | - | - | - | €210 | - |
| Financial fixed assets28 | - | - | - | - | €210 | - |
| Current assets29/58 | €6,845 | €9,397 | €7,900 | €7,140 | €40,308 | ▲ 465% |
| Amounts receivable within one year40/41 | €228 | €440 | €6,565 | €6,971 | €10,579 | ▲ 51.8% |
| Trade receivables40 | - | - | - | - | €9,963 | - |
| Other amounts receivable41 | €228 | €440 | €6,565 | €6,971 | €617 | ▼ 91.2% |
| Cash at bank and in hand54/58 | €6,617 | €8,956 | €1,336 | €170 | €29,230 | ▲ 17,143% |
| Deferred charges and accrued income490/1 | - | - | - | - | €498 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,845 | €9,397 | €7,900 | €7,140 | €40,518 | ▲ 467% |
| Equity10/15 | €6,230 | €9,277 | €7,672 | €4,451 | €19,756 | ▲ 344% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | - | - | €5,000 | - |
| Distributable reserves133 | - | - | - | - | €5,000 | - |
| Profit (loss) carried forward14 | -€6,170 | -€3,123 | -€4,728 | -€7,949 | €2,356 | ▲ 130% |
| Amounts payable17/49 | €615 | €119 | €228 | €2,690 | €20,761 | ▲ 672% |
| Amounts payable within one year42/48 | €615 | €119 | €119 | €2,690 | €20,761 | ▲ 672% |
| Trade debts44 | - | - | - | €1,470 | €11,765 | ▲ 700% |
| Suppliers440/4 | - | - | - | €1,470 | €11,765 | ▲ 700% |
| Taxes, remuneration and social security45 | - | - | - | - | €8,028 | - |
| Taxes450/3 | - | - | - | - | €8,028 | - |
| Other amounts payable47/48 | €615 | €119 | €119 | €1,219 | €968 | ▼ 20.6% |
| Accrued charges and deferred income492/3 | - | - | €109 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,651 | €3,048 | -€1,605 | -€3,222 | €15,306 | ▲ 575% |
| Operating cash flow (approximation) | €2,651 | €3,048 | -€1,605 | -€3,222 | €15,306 | ▲ 575% |
| Change in cash | - | €2,339 | -€7,620 | -€1,166 | €29,061 | ▲ 2,592% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €15,306
Net result €15,306 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-10
KBO administration
UBO non-compliance
event 21-10-2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 7current ratio 78.76
Current ratio from 11.13 to 78.76; short-term debt falls from €615 to €119.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 11.13
Current ratio from 3.11 to 11.13; short-term debt falls from €1,698 to €615.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,400
Net result €2,400 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ganshoren · 1 establishment unit since 2018
Ground area
292 m²
Parcel 21008A0398/00E002, Brussels. Linked by address, not a title deed.
1 establishment unit
Bull
since 20182.276.350.864
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0398/00E002 | Brussels | 292 m² | - | - |
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.
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Of 1,501 companies in sector 31004 we hold annual accounts for 626. 327 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 (pre-2019)
Founded29-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43990Other specialised construction activities
47551Retail sale of household furniture
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0696890263
Also
9925:BE0696890263
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.