BULREN
ActiveSummary
The computed 12-month bankruptcy probability of BULREN is 3.2% (moderate). For BULREN, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €36,583 and a net result of €18,022. Equity is growing by ~75.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 33673 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+13
Solvency98▲+36
Growth78=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
73%
Return on assets
36%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
161 d late
2021
542 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 244 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€36,583▲ 97.1%
2022 · €18,562
Total assets
€50,106▼ 1.2%
2022 · €50,724
Net result
€18,022▲ 80.2%
2022 · €9,999
Working capital
€36,583▲ 97.1%
2022 · €18,562
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€8,247-€12,559▲ 52.3%€22,295▲ 77.5%
Net result€6,563within the sector's middle half-€9,999within the sector's middle half▲ 52.4%€18,022within the sector's middle half▲ 80.2%
Equity€8,563below the sector's middle half-€18,562below the sector's middle half▲ 117%€36,583within the sector's middle half▲ 97.1%
Total assets€12,629below the sector's middle half-€50,724below the sector's middle half▲ 302%€50,106below the sector's middle half▼ 1.2%
Debt€4,066-€32,162▲ 691%€13,523▼ 58.0%
Working capital€8,563within the sector's middle half-€18,562within the sector's middle half▲ 117%€36,583within the sector's middle half▲ 97.1%
Solvency67.8%above the sector's middle half-36.6%within the sector's middle half▼ 31.2pp73.0%above the sector's middle half▲ 36.4pp
Current ratio3.11above the sector's middle half-1.58within the sector's middle half▼ 1.533.71above the sector's middle half▲ 2.13
Return on assets (ROA)52.0%above the sector's middle half-19.7%above the sector's middle half▼ 32.3pp36.0%above the sector's middle half▲ 16.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 has risen two years in a row; 2023 is 78% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €50,106
Equity
€36,583 ▲ 97.1%
Debt
€13,523 ▼ 58.0%
Debt's share of the balance-sheet total falls from 63.4% to 27.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.37▼
2022 · 1.73
ROE
49.3%▼
2022 · 53.9%
Debt ≤ 1 year
€13,523▼
2022 · €32,162
Income taxes
€4,856▲
2022 · €2,499
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €53 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,123 | - | - | - |
| Other operating charges640/8 | - | €358 | €1,378 | ▲ 285% |
| Gross operating margin9900 | €9,423 | €12,917 | €23,673 | ▲ 83.3% |
| Operating profit (loss)9901 | €8,247 | €12,559 | €22,295 | ▲ 77.5% |
| Financial income75/76B | - | - | €643 | - |
| Recurring financial income75 | - | - | €643 | - |
| Financial charges65/66B | €43 | €61 | €60 | ▼ 1.5% |
| Recurring financial charges65 | €43 | €61 | €60 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €8,204 | €12,498 | €22,877 | ▲ 83.0% |
| Income taxes67/77 | €1,641 | €2,499 | €4,856 | ▲ 94.3% |
| Profit (loss) for the period9904 | €6,563 | €9,999 | €18,022 | ▲ 80.2% |
| Profit (loss) for the period to be appropriated9905 | €6,563 | €9,999 | €18,022 | ▲ 80.2% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €12,629 | €50,724 | €50,106 | ▼ 1.2% |
| Current assets29/58 | €12,629 | €50,724 | €50,106 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €4,508 | €45,293 | €50,106 | ▲ 10.6% |
| Trade receivables40 | €3,601 | €41,826 | €22,768 | ▼ 45.6% |
| Other amounts receivable41 | €907 | €3,467 | €27,338 | ▲ 689% |
| Cash at bank and in hand54/58 | €8,121 | €5,431 | €0 | ▼ 100.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €12,629 | €50,724 | €50,106 | ▼ 1.2% |
| Equity10/15 | €8,563 | €18,562 | €36,583 | ▲ 97.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Outside capital11 | €2,000 | €2,000 | €2,000 | = |
| Other1109/19 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €6,563 | €16,562 | €34,583 | ▲ 109% |
| Amounts payable17/49 | €4,066 | €32,162 | €13,523 | ▼ 58.0% |
| Amounts payable within one year42/48 | €4,066 | €32,162 | €13,523 | ▼ 58.0% |
| Trade debts44 | €2,425 | €28,022 | €6,338 | ▼ 77.4% |
| Suppliers440/4 | €2,425 | €28,022 | €6,338 | ▼ 77.4% |
| Taxes, remuneration and social security45 | €1,641 | €4,140 | €7,185 | ▲ 73.5% |
| Taxes450/3 | €1,641 | €4,140 | €7,185 | ▲ 73.5% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,563 | €9,999 | €18,022 | ▲ 80.2% |
| + Depreciation and write-downs630 | €1,123 | - | - | - |
| Operating cash flow (approximation) | €7,686 | €9,999 | €18,022 | ▲ 80.2% |
| Change in cash | - | -€2,690 | -€5,431 | ▼ 102% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 542 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 161 days late
2023
31-12
Financial
Highest result since 2021net €18,022 ▲80.2%
Operating result €22,295, net result €18,022, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.71
Current ratio from 1.58 to 3.71; short-term debt falls from €32,162 to €13,523.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Antwerpen · 1 establishment unit since 2021
Ground area
121 m²
Building footprint
96 m²
Volume, LiDAR
1,075 m³
Parcel 11810K1750/00B011, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BULREN
since 20212.315.699.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1750/00B011 | Flanders | 121 m² | 1 · 96 m² | 15.3 m · 4 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.
Similar companies · same sector, comparable size
LAMBERT LAHAYE
BE 0843.579.801
Juprelle · Eq €36,587
ARIA SCHILDER EN KLUSSEN
BE 0750.534.332
Antwerpen · Eq €36,492
CUB'INNOV
BE 0720.927.655
Neufchâteau · Eq €36,700
ARTISIANA
BE 0827.466.022
Lint · Eq €36,438
PAINT AND GO J&P
BE 0808.335.840
Sint-Truiden · Eq €36,432
Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,269 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
Founded29-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.