BUNTO
ActiveSummary
BUNTO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €-858k. Equity is shrinking by ~51.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 18% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+4
Solvency30▼-4
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 17.04 against 41.58 in 2024; short-term debt: 0.7% and cash: 9.6% of total assets), but 95.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
4.8%
Return on assets
-3.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-858k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4556 sector peers (2025).
NBB · sector comparisonPosition among 4556 sector peers
Solvency
better than 18%
← weakest
strongest →
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 18-05-2026, 74 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
74 d early
2024
71 d early
2023
78 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-858k▲ 24.7%
2024 · €-1.14M
2023: €-914k
2024: €-1.14M▼ -24.8% vs 2023lowest in 3 years
2025: €-858k▲ +24.7% vs 2024highest in 3 years
2023 → 2025
Working capital
€2.73M▲ 48.6%
2024 · €1.84M
2023: €1.57Mlowest in 3 years
2024: €1.84M▲ +17.2% vs 2023
2025: €2.73M▲ +48.6% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3.09M-€1.95M▼ 37.0%€1.09M▼ 44.1%
2023: €3.09Mhighest in 3 years
2024: €1.95M▼ -37.0% vs 2023
2025: €1.09M▼ -44.1% vs 2024lowest in 3 years
Operating result€-101k-€81k€416k▲ 410%
2023: €-101klowest in 3 years
2024: €81k▲ +180% vs 2023
2025: €416k▲ +410% vs 2024highest in 3 years
Net result€-914k-€-1.14M▼ 24.8%€-858k▲ 24.7%
2023: €-914k
2024: €-1.14M▼ -24.8% vs 2023lowest in 3 years
2025: €-858k▲ +24.7% vs 2024highest in 3 years
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 410% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.73M
Fixed assets
€19.83M ▼ 1.1%
Current assets
€2.90M ▲ 54.0%
Equity and liabilities €22.76M
Equity
€1.09M ▼ 44.1%
Debt
€21.67M ▲ 8.2%
Debt's share of the balance-sheet total rises from 91.1% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€952k▲
2024 · €594k
Cash flow
€-322k▲
2024 · €-628k
Current ratio
17.04▼
2024 · 41.58
Debt to equity
19.93▲
2024 · 10.29
ROE
-78.9%▼
2024 · -58.6%
ROA
-3.8%▲
2024 · -5.2%
Interest coverage
0.75▲
2024 · 0.49
Debt ≤ 1 year
€170k▲
2024 · €45k
Debt > 1 year
€20.45M▲
2024 · €19.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21.97M€22.76M▲
Formation expenses20€33k€22k▼
Fixed assets21/28€20.06M€19.83M▼
Tangible fixed assets22/27€20.06M€19.83M▼
Land and buildings22€20.06M€19.83M▼
Current assets29/58€1.88M€2.90M▲
Amounts receivable within one year40/41€226k€541k▲
Trade receivables40€226k€538k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€1.55M€2.19M▲
Deferred charges and accrued income490/1€111k€174k▲
Equity and liabilities
Total equity and liabilities10/49€21.97M€22.76M▲
Equity10/15€1.95M€1.09M▼
Contributions10/11€4.00M€4.00M=
Capital10€4.00M€4.00M=
Issued capital100€4.00M€4.00M=
Profit (loss) carried forward14€-2.05M€-2.91M▼
Amounts payable17/49€20.03M€21.67M▲
Amounts payable after more than one year17€19.30M€20.45M▲
Financial debts170/4€19.30M€20.45M▲
Amounts payable within one year42/48€45k€170k▲
Trade debts44€44k€170k▲
Suppliers440/4€44k€170k▲
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Accrued charges and deferred income492/3€682k€1.05M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€512k€536k▲
Other operating charges640/8€272k€282k▲
Gross operating margin9900€865k€1.23M▲
Operating profit (loss)9901€81k€416k▲
Financial charges65/66B€1.22M€1.27M▲
Recurring financial charges65€1.22M€1.27M▲
Profit (loss) for the period before taxes9903€-1.14M€-858k▲
Profit (loss) for the period9904€-1.14M€-858k▲
Profit (loss) for the period to be appropriated9905€-1.14M€-858k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.05M€-2.91M▼
Profit (loss) brought forward from the previous period14P€-914k€-2.05M▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €871k | €512k | €536k | ▲ 4.8% |
| Other operating charges640/8 | €184k | €272k | €282k | ▲ 3.7% |
| Gross operating margin9900 | €954k | €865k | €1.23M | ▲ 42.6% |
| Operating profit (loss)9901 | €-101k | €81k | €416k | ▲ 410% |
| Financial charges65/66B | €812k | €1.22M | €1.27M | ▲ 4.3% |
| Recurring financial charges65 | €812k | €1.22M | €1.27M | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | €-914k | €-1.14M | €-858k | ▲ 24.7% |
| Profit (loss) for the period9904 | €-914k | €-1.14M | €-858k | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €-914k | €-1.14M | €-858k | ▲ 24.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20.83M | €21.97M | €22.76M | ▲ 3.6% |
| Formation expenses20 | €45k | €33k | €22k | ▼ 33.1% |
| Fixed assets21/28 | €19.08M | €20.06M | €19.83M | ▼ 1.1% |
| Tangible fixed assets22/27 | €19.08M | €20.06M | €19.83M | ▼ 1.1% |
| Land and buildings22 | €19.08M | €20.06M | €19.83M | ▼ 1.1% |
| Current assets29/58 | €1.70M | €1.88M | €2.90M | ▲ 54.0% |
| Amounts receivable within one year40/41 | €240k | €226k | €541k | ▲ 139% |
| Trade receivables40 | €240k | €226k | €538k | ▲ 138% |
| Other amounts receivable41 | - | - | €2k | - |
| Cash at bank and in hand54/58 | €1.37M | €1.55M | €2.19M | ▲ 41.4% |
| Deferred charges and accrued income490/1 | €98k | €111k | €174k | ▲ 56.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20.83M | €21.97M | €22.76M | ▲ 3.6% |
| Equity10/15 | €3.09M | €1.95M | €1.09M | ▼ 44.1% |
| Contributions10/11 | €4.00M | €4.00M | €4.00M | = |
| Capital10 | €4.00M | €4.00M | €4.00M | = |
| Issued capital100 | €4.00M | €4.00M | €4.00M | = |
| Profit (loss) carried forward14 | €-914k | €-2.05M | €-2.91M | ▼ 41.8% |
| Amounts payable17/49 | €17.74M | €20.03M | €21.67M | ▲ 8.2% |
| Amounts payable after more than one year17 | €16.93M | €19.30M | €20.45M | ▲ 5.9% |
| Financial debts170/4 | €16.93M | €19.30M | €20.45M | ▲ 5.9% |
| Amounts payable within one year42/48 | €136k | €45k | €170k | ▲ 276% |
| Trade debts44 | €128k | €44k | €170k | ▲ 291% |
| Suppliers440/4 | €128k | €44k | €170k | ▲ 291% |
| Taxes, remuneration and social security45 | €8k | €2k | - | - |
| Taxes450/3 | €8k | €2k | - | - |
| Accrued charges and deferred income492/3 | €675k | €682k | €1.05M | ▲ 54.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-914k | €-1.14M | €-858k | ▲ 24.7% |
| + Depreciation and write-downs630 | €871k | €512k | €536k | ▲ 4.8% |
| Operating cash flow (approximation) | €-43k | €-628k | €-322k | ▲ 48.7% |
| Investment in fixed assets (approximation) | - | €-1.49M | €-312k | ▲ 79.1% |
| Change in cash | - | €179k | €640k | ▲ 257% |
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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-1.14M
Net result drops to €-1.14M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 41.58
Current ratio from 12.50 to 41.58; short-term debt falls from €136k to €45k.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
Financial 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, Sint-Pieters-Woluwe
Ground area
984 m²
Building footprint
330 m²
Volume, LiDAR
8,223 m³
Parcel 21019A0199/02B002, Brussels · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0199/02B002 | Brussels | 984 m² | 1 · 330 m² | 29.4 m · 9 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.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,065 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.