BULS
ActiveSummary
BULS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,432 and a net result of €11,142. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+2
Solvency100▲+7
Growth52=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.74 against 2.92 in 2024; short-term debt: 25.2% and cash: 54.8% of total assets), and 25.2% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
74.8%
Return on assets
11.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
18 d early
2024
38 d early
2023
28 d early
2022
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€70,432▲ 18.8%
2024 · €59,290
Total assets
€94,177▲ 8.1%
2024 · €87,103
Net result
€11,142▲ 23.4%
2024 · €9,032
Working capital
€65,026▲ 21.9%
2024 · €53,351
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€39,721-€31,792▼ 20.0%€13,433▼ 57.7%€16,571▲ 23.4%
Net result€26,005-€22,253▼ 14.4%€9,032▼ 59.4%€11,142▲ 23.4%
Equity€28,005-€50,258▲ 79.5%€59,290▲ 18.0%€70,432▲ 18.8%
Total assets€67,679-€80,990▲ 19.7%€87,103▲ 7.5%€94,177▲ 8.1%
Debt€39,675-€30,732▼ 22.5%€27,813▼ 9.5%€23,744▼ 14.6%
Working capital€23,157-€46,607▲ 101%€53,351▲ 14.5%€65,026▲ 21.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,177
Fixed assets
€5,406 ▼ 9.0%
Current assets
€88,770 ▲ 9.4%
Equity and liabilities €94,177
Equity
€70,432 ▲ 18.8%
Debt
€23,744 ▼ 14.6%
Debt's share of the balance-sheet total falls from 31.9% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,756▲
2024 · €14,983
Cash flow
€13,327▲
2024 · €10,582
Current ratio
3.74▲
2024 · 2.92
Debt to equity
0.34▼
2024 · 0.47
ROE
15.8%▲
2024 · 15.2%
ROA
11.8%▲
2024 · 10.4%
Interest coverage
78.02▼
2024 · 110.98
Debt ≤ 1 year
€23,744▼
2024 · €27,813
Income taxes
€5,190▲
2024 · €4,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,135 | €1,197 | €1,550 | €2,184 | ▲ 40.9% |
| Other operating charges640/8 | €544 | €384 | €387 | €531 | ▲ 37.0% |
| Gross operating margin9900 | €41,399 | €33,373 | €15,370 | €19,286 | ▲ 25.5% |
| Operating profit (loss)9901 | €39,721 | €31,792 | €13,433 | €16,571 | ▲ 23.4% |
| Financial income75/76B | - | - | €3 | €1 | ▼ 54.3% |
| Recurring financial income75 | - | - | €3 | €1 | ▼ 54.3% |
| Financial charges65/66B | €1,195 | €121 | €135 | €240 | ▲ 78.1% |
| Recurring financial charges65 | €1,195 | €121 | €135 | €240 | ▲ 78.1% |
| Profit (loss) for the period before taxes9903 | €38,526 | €31,671 | €13,301 | €16,332 | ▲ 22.8% |
| Income taxes67/77 | €12,521 | €9,418 | €4,269 | €5,190 | ▲ 21.6% |
| Profit (loss) for the period9904 | €26,005 | €22,253 | €9,032 | €11,142 | ▲ 23.4% |
| Profit (loss) for the period to be appropriated9905 | €26,005 | €22,253 | €9,032 | €11,142 | ▲ 23.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €67,679 | €80,990 | €87,103 | €94,177 | ▲ 8.1% |
| Fixed assets21/28 | €4,848 | €3,651 | €5,939 | €5,406 | ▼ 9.0% |
| Tangible fixed assets22/27 | €4,848 | €3,651 | €5,939 | €5,406 | ▼ 9.0% |
| Furniture and vehicles24 | €4,848 | €3,651 | €5,939 | €5,406 | ▼ 9.0% |
| Current assets29/58 | €62,832 | €77,339 | €81,164 | €88,770 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €24,805 | €27,588 | €23,837 | €35,130 | ▲ 47.4% |
| Trade receivables40 | €24,805 | €27,588 | €23,837 | €35,130 | ▲ 47.4% |
| Cash at bank and in hand54/58 | €38,027 | €49,751 | €57,328 | €51,607 | ▼ 10.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,033 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €67,679 | €80,990 | €87,103 | €94,177 | ▲ 8.1% |
| Equity10/15 | €28,005 | €50,258 | €59,290 | €70,432 | ▲ 18.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €26,005 | €48,258 | €57,290 | €68,432 | ▲ 19.4% |
| Distributable reserves133 | €26,005 | €48,258 | €57,290 | €68,432 | ▲ 19.4% |
| Amounts payable17/49 | €39,675 | €30,732 | €27,813 | €23,744 | ▼ 14.6% |
| Amounts payable within one year42/48 | €39,675 | €30,732 | €27,813 | €23,744 | ▼ 14.6% |
| Trade debts44 | €581 | €200 | €751 | €732 | ▼ 2.5% |
| Suppliers440/4 | €581 | €200 | €751 | €732 | ▼ 2.5% |
| Taxes, remuneration and social security45 | €19,504 | €29,999 | €20,103 | €10,418 | ▼ 48.2% |
| Taxes450/3 | €19,504 | €29,999 | €20,103 | €10,418 | ▼ 48.2% |
| Other amounts payable47/48 | €19,590 | €533 | €6,959 | €12,594 | ▲ 81.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,005 | €22,253 | €9,032 | €11,142 | ▲ 23.4% |
| + Depreciation and write-downs630 | €1,135 | €1,197 | €1,550 | €2,184 | ▲ 40.9% |
| Operating cash flow (approximation) | €27,140 | €23,450 | €10,582 | €13,327 | ▲ 25.9% |
| Investment in fixed assets (approximation) | - | €0 | -€3,837 | -€1,652 | ▲ 57.0% |
| Change in cash | - | €11,724 | €7,577 | -€5,721 | ▼ 176% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €9,032 ▼59.4%
Net result drops to €9,032, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
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.
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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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
J.R. Collonlaan 551200 Sint-Lambrechts-Woluwe1 establishment unit
J.R. Collonlaan 55, 1200 Sint-Lambrechts-Woluwe
since 20222.329.556.849
Public money · subsidies and aid
Federal government
2023 · 1 entry · 968 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2023 | FOD Mobiliteit | 1 | 968 EUR |
Budget allocations
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Of 2,262 companies in sector 71113 we hold annual accounts for 658. 550 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
Founded16-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
82990Other business support services
85699Other educational support services
Contact
E-mail
hrillaerts@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.