BUREAU FW

Active

Private limited companyfounded 201412 yrs activeVillers-Tortru 16, 6741 Etalle, BelgiumKBO/BCE: BE 0544.369.839

Summary

BUREAU FW has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-73k) and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

33 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability21=

Solvency17▼-3

Growth32=

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.45 against 0.43 in 2023; short-term debt: 108.4% and cash: 0.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-8.4%

Return on assets

-3.3%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-73k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

53 d late

2023

30 d late

2022

29 d late

2021

30 d early

2020

88 d late

2019

123 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, micro schema

Equity

€-73k▼ 66.7%

2023 · €-44k

2018: €19k 2019: €18k 2020: €10k 2021: €-5k 2022: €-12k 2023: €-44k

2018 → 2024

Total assets

€870k▲ 2.5%

2023 · €849k

2018: €739k 2019: €745k 2020: €782k 2021: €813k 2022: €838k 2023: €849k

2018 → 2024

Net result

€-29k▲ 9.4%

2023 · €-32k

2018: €-225 2019: €-682 2020: €-8k 2021: €-16k 2022: €-6k 2023: €-32k

2018 → 2024

Working capital

€-520k▼ 1.6%

2023 · €-512k

2018: €-508k 2019: €-496k 2020: €-502k 2021: €-508k 2022: €-492k 2023: €-512k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€-5k€-12k▼ 111%€-44k▼ 279%€-73k▼ 66.7%

Operating result€-8k-€-15k▼ 91.6%€-6k▲ 61.1%€-21k▼ 246%€-18k▲ 11.3%

Net result€-8k-€-16k▼ 91.0%€-6k▲ 61.0%€-32k▼ 430%€-29k▲ 9.4%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €18k in 2024 against €21k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €870k

51.4%

48.6%

Fixed assets €448k ▼ 4.4%

Current assets €422k ▲ 11.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€16k▼

2023 · €18k

Cash flow

€6k▼

2023 · €7k

Solvency

-8.4%▼

2023 · -5.1%

Current ratio

0.45▲

2023 · 0.43

Debt to equity

-12.97▲

2023 · -20.47

ROA

-3.3%▲

2023 · -3.8%

Interest coverage

0.73▼

2023 · 0.84

Debt

€943k▲

2023 · €892k

Debt ≤ 1 year

€943k▲

2023 · €892k

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 · 2024 against 2023 · 39 lines

Balance sheet Code20232024

Assets

Total assets20/58€849k€870k▲

Fixed assets21/28€468k€448k▼

Tangible fixed assets22/27€468k€448k▼

Land and buildings22€442k€427k▼

Plant, machinery and equipment23€9k€7k▼

Furniture and vehicles24€16k€13k▼

Other tangible fixed assets26€2k€530▼

Current assets29/58€380k€422k▲

Amounts receivable within one year40/41€379k€420k▲

Trade receivables40-€1k

Other amounts receivable41€379k€419k▲

Cash at bank and in hand54/58€423€1k▲

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€849k€870k▲

Equity10/15€-44k€-73k▼

Contributions10/11€19k€19k=

Reserves13€539€539=

Non-distributable reserves130/1€539€539=

Reserves not available under the articles1311€0€539▲

Financial assistance1313€539-

Profit (loss) carried forward14€-63k€-92k▼

Amounts payable17/49€892k€943k▲

Amounts payable within one year42/48€892k€943k▲

Trade debts44€12k€17k▲

Suppliers440/4€12k€17k▲

Other amounts payable47/48€880k€926k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€35k▼

Other operating charges640/8€1k€2k▲

Gross operating margin9900€20k€19k▼

Operating profit (loss)9901€-21k€-18k▲

Financial income75/76B€10k€12k▲

Recurring financial income75€10k€12k▲

Financial charges65/66B€22k€22k▲

Recurring financial charges65€22k€22k▲

Profit (loss) for the period before taxes9903€-32k€-29k▲

Profit (loss) for the period9904€-32k€-29k▲

Profit (loss) for the period to be appropriated9905€-32k€-29k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-63k€-92k▼

Profit (loss) brought forward from the previous period14P€-31k€-63k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

22-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 53 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Weakest financial yearnet €-32k

Net result drops to €-32k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

27-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 88 days late

2020

01-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 123 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

23-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

29-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Etalle · 1 establishment unit since 2014

establishment The establishment unit on the map

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.

Villers-Tortru 166741 Etalle

Ground area

7,071 m²

Building footprint

125 m²

Volume, LiDAR

801 m³

Parcel 85041A0015/00B000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Villers-Tortru 16, 6741 Etalle

Real estate activities

since 20142.228.131.174

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
85041A0015/00B000	Wallonia	7,071 m²	1 · 125 m²	8.1 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Beveren-Kruibeke-Zwijndrecht · Eq €9,533

VITIS INVEST

BE 0681.840.912

Nieuwpoort · Eq €10,793

Braine-l'Alleud · Eq €12,747

Of 587 companies in sector 68204 we hold annual accounts for 317. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-01-2014

Fiscal year end31-12

Activities, NACEBEL 2025

68204Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers

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