BulP

Active

Private limited companyfounded 20242 yrs activeAardbruggenstraat 6, 3570 Alken, BelgiumKBO/BCE: BE 1006.297.992

Summary

The computed 12-month bankruptcy probability of BulP is 2.3% (moderate). The 2025 annual accounts show equity of €21k and a net result of €20k. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

BulPActiveChecked score 72/100

Risk analysis Report Compare

Checked score

Score 2025

72 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency70▲+43

Growth78

Track record82

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 1.84 against 0.98 in 2024; short-term debt: 53% and cash: 41.8% of total assets), but 54.5% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

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

45.5%

Return on assets

43.3%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

2 d early

2024

21 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€21k▲ 2,013%

2024 · €1k

2024: €1k 2025: €21k▲ +2013% vs 2024

2024 → 2025

Total assets

€46k▲ 1.1%

2024 · €46k

2024: €46k 2025: €46k▲ +1.1% vs 2024

2024 → 2025

Net result

€20k▲ 4.4%

2024 · €19k

2024: €19k 2025: €20k▲ +4.4% vs 2024

2024 → 2025

Working capital

€21k

2024 · €-731

2024: €-731 2025: €21k▲ +2941% vs 2024

2024 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€1k-€21k▲ 2,013% 2024: €1k 2025: €21k▲ +2013% vs 2024

Operating result€25k-€29k▲ 15.5% 2024: €25k 2025: €29k▲ +15.5% vs 2024

Net result€19k-€20k▲ 4.4% 2024: €19k 2025: €20k▲ +4.4% vs 2024

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

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 16% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €46k

97.8%

Fixed assets €1k ▼ 40.1%

Current assets €45k ▲ 2.7%

Equity and liabilities €46k

45.5%

54.5%

Equity €21k ▲ 2,013%

Debt €25k ▼ 43.7%

Debt's share of the balance-sheet total falls from 97.8% to 54.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€30k▲

2024 · €26k

Cash flow

€21k▲

2024 · €20k

Current ratio

1.84▲

2024 · 0.98

Quick ratio

1.78▲

2024 · 0.98

Debt to equity

1.20▼

2024 · 44.96

ROE

95.3%

ROA

43.3%▲

2024 · 42.0%

Interest coverage

9.86▼

2024 · 169.61

Debt ≤ 1 year

€25k▼

2024 · €45k

Income taxes

€6k▲

2024 · €6k

Staff costs

€59k▲

2024 · €19k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines

Balance sheet Code20242025

Assets

Total assets20/58€46k€46k▲

Fixed assets21/28€2k€1k▼

Tangible fixed assets22/27€2k€1k▼

Furniture and vehicles24€2k€1k▼

Current assets29/58€44k€45k▲

Stocks and contracts in progress3€278€1k▲

Stocks30/36€278€1k▲

Amounts receivable within one year40/41€13k€22k▲

Trade receivables40€10k€19k▲

Other amounts receivable41€3k€3k▲

Cash at bank and in hand54/58€28k€19k▼

Deferred charges and accrued income490/1€3k€3k▼

Equity and liabilities

Total equity and liabilities10/49€46k€46k▲

Equity10/15€1k€21k▲

Contributions10/11€1k€1k=

Reserves13-€20k

Distributable reserves133-€20k

Amounts payable17/49€45k€25k▼

Amounts payable within one year42/48€45k€25k▼

Trade debts44€9k€9k▲

Suppliers440/4€9k€9k▲

Taxes, remuneration and social security45€11k€10k▼

Taxes450/3€7k€5k▼

Remuneration and social security454/9€5k€5k▲

Other amounts payable47/48€25k€6k▼

Accrued charges and deferred income492/3-€682

Income statement Code20242025

Remuneration, social security and pensions62€19k€59k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€351€694▲

Other operating charges640/8€1k€1k▼

Gross operating margin9900€46k€90k▲

Operating profit (loss)9901€25k€29k▲

Financial income75/76B€49€67▲

Recurring financial income75€49€67▲

Financial charges65/66B€152€3k▲

Recurring financial charges65€152€3k▲

Profit (loss) for the period before taxes9903€25k€26k▲

Income taxes67/77€6k€6k▲

Profit (loss) for the period9904€19k€20k▲

Profit (loss) for the period to be appropriated9905€19k€20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€19k€20k▲

Transfer to equity691/2-€20k

To other reserves6921-€20k

Profit to be distributed694/7€19k-

Return on contributions (dividend)694€19k-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2024	2025	Change
Remuneration, social security and pensions62	€19k	€59k	▲ 215%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€351	€694	▲ 97.8%
Other operating charges640/8	€1k	€1k	▼ 21.9%
Gross operating margin9900	€46k	€90k	▲ 96.7%
Operating profit (loss)9901	€25k	€29k	▲ 15.5%
Financial income75/76B	€49	€67	▲ 35.7%
Recurring financial income75	€49	€67	▲ 35.7%
Financial charges65/66B	€152	€3k	▲ 1,906%
Recurring financial charges65	€152	€3k	▲ 1,906%
Profit (loss) for the period before taxes9903	€25k	€26k	▲ 4.2%
Income taxes67/77	€6k	€6k	▲ 3.6%
Profit (loss) for the period9904	€19k	€20k	▲ 4.4%
Profit (loss) for the period to be appropriated9905	€19k	€20k	▲ 4.4%

Line	2024	2025	Change
Assets
Total assets20/58	€46k	€46k	▲ 1.1%
Fixed assets21/28	€2k	€1k	▼ 40.1%
Tangible fixed assets22/27	€2k	€1k	▼ 40.1%
Furniture and vehicles24	€2k	€1k	▼ 40.1%
Current assets29/58	€44k	€45k	▲ 2.7%
Stocks and contracts in progress3	€278	€1k	▲ 424%
Stocks30/36	€278	€1k	▲ 424%
Amounts receivable within one year40/41	€13k	€22k	▲ 73.7%
Trade receivables40	€10k	€19k	▲ 93.8%
Other amounts receivable41	€3k	€3k	▲ 3.2%
Cash at bank and in hand54/58	€28k	€19k	▼ 31.8%
Deferred charges and accrued income490/1	€3k	€3k	▼ 9.0%
Equity and liabilities
Total equity and liabilities10/49	€46k	€46k	▲ 1.1%
Equity10/15	€1k	€21k	▲ 2,013%
Contributions10/11	€1k	€1k	=
Reserves13	-	€20k	-
Distributable reserves133	-	€20k	-
Amounts payable17/49	€45k	€25k	▼ 43.7%
Amounts payable within one year42/48	€45k	€25k	▼ 45.2%
Trade debts44	€9k	€9k	▲ 1.9%
Suppliers440/4	€9k	€9k	▲ 1.9%
Taxes, remuneration and social security45	€11k	€10k	▼ 11.5%
Taxes450/3	€7k	€5k	▼ 22.9%
Remuneration and social security454/9	€5k	€5k	▲ 5.0%
Other amounts payable47/48	€25k	€6k	▼ 76.8%
Accrued charges and deferred income492/3	-	€682	-

Line	2024	2025	Change
Profit (loss) for the period9904	€19k	€20k	▲ 4.4%
+ Depreciation and write-downs630	€351	€694	▲ 97.8%
Operating cash flow (approximation)	€20k	€21k	▲ 6.1%
Investment in fixed assets (approximation)	-	€0	-
Change in cash	-	€-9k	-

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

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 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, Alken · 1 establishment unit since 2024

seat establishment The establishment unit on the map

Ground area

737 m²

Building footprint

207 m²

Volume, LiDAR

932 m³

Parcel 73302F0040/00K000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

BulP

Aardbruggenstraat 6, 3570 AlkenConstruction of residential and non-residential buildings

since 20242.356.265.897

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73302F0040/00K000	Flanders	737 m²	1 · 207 m²	7.1 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid

Year	Entries	awarded	paid
2025	1	1,000 EUR	1,000 EUR

Schemes

Premie kwalificerend werkplekleren

1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Recognitions · licences · registrations

Dual-learning approval

2 live approvals

Fijnschilder (vwo)

Goedgekeurd · 2024 to 2029

Fijnschilder duaal (so)

Goedgekeurd · 2024 to 2029

Similar companies · same sector, comparable size

Pleisterwerken Christopher

BE 0781.506.333

Sint-Niklaas · Eq €21,133

Grâce-Hollogne · Eq €21,087

LUDO

BE 0440.344.465

Riemst · Eq €21,209

Of 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,361 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

Founded22-02-2024

Fiscal year end31-12

Activities, NACEBEL 2025

43310Plastering work

43341Painting of buildings

43350Other building finishing work

43422Screed work

81210General cleaning of buildings

81220Other building cleaning and industrial cleaning

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