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BUREAU KEUL

Active
Public limited companyfounded 199431 yrs activePoteauer Straße,Recht 90, 4780 Sankt Vith, BelgiumKBO/BCE: BE 0454.054.525
Summary

BUREAU KEUL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €450,634 and a net result of €7,887. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 8122 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Business and other management consultancy
NACE 70200Real estate agency activities NACE 68310NACE 68311
2 sites
Size
€575,019total assets 2024
Staff
1 FTE
Equity
€450,634
Profit
€7,887
Turnover not published (abridged schema)
Financial health
69 Healthy Checked score 2024
Bankruptcy chance 12 m
0.8%
Structure
Accounts 67 d overdue0 of 11 deeds read
Why 69- Figures for FY 2024 (filed 30-09-2025)- Liquidity: current ratio 2.33, cash €6,481- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late+ Founded in 1994Show the evidence

Checked score

Score 2024
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 51% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency 100=
equity 78.4% of total assets
Liquidity 51-1
short-term debt 7.3% · cash 1.1%
Profitability 70-11
return on assets 1.4%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,265 companies)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● 0.0% vs 11-2024lowest value 01-2025: 0.2%▲ +0.6% vs 12-2024 02-2025: 0.2%▲ +1.3% vs 01-2025 03-2025: 0.2%▲ +3.1% vs 02-2025 04-2025: 0.2%● 0.0% vs 03-2025 05-2025: 0.2%▼ -3.0% vs 04-2025 06-2025: 0.2%● 0.0% vs 05-2025 07-2025: 0.2%▲ +36.4% vs 06-2025 08-2025: 0.3%▲ +40.7% vs 07-2025 09-2025: 0.4%▲ +13.2% vs 08-2025 10-2025: 0.3%▼ -12.8% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -0.7% vs 12-2025 02-2026: 0.3%▲ +1.0% vs 01-2026 03-2026: 0.3%▲ +3.2% vs 02-2026 04-2026: 0.3%▼ -0.3% vs 03-2026 05-2026: 0.3%▼ -11.0% vs 04-2026 06-2026: 0.3%▼ -1.1% vs 05-2026 07-2026: 0.3%▲ +8.2% vs 06-2026 08-2026: 0.5%▲ +70.9% vs 07-2026 09-2026: 0.6%▲ +12.6% vs 08-2026 10-2026: 0.8%▲ +31.8% vs 09-2026highest value
  • Figures for FY 2024 (filed 30-09-2025) raises the probability
  • Liquidity: current ratio 2.33, cash €6,481 raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late raises the probability
  • Founded in 1994 lowers the probability for this profile
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.58 in 2023; short-term debt: 7.3% and cash: 1.1% of total assets), and 21.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 86%, liquidity 38%, profitability 34%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 30-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.33, cash €6,481
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1994
In the bankruptcy model this factor lowers the probability for this profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
61 d late
2023
27 d late
2022
69 d late
2021
77 d late
2020
24 d late
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 43 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Highest result since 2018net €54,760 ▲28.1%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Positive: 7 profitable years in a rowprofit 2024: €7,887 7 years View
  • Active since 1994founded 20-12-1994 31 years View

By topic

Financials

Fiscal year
2024
Total assets
€575,019
Profit
€7,887
Solvency
78.4%
Total assets▲ 1.4%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2016
  1. 30-09-2025Annual accounts filed
  2. 27-08-2024Annual accounts filed
  3. 31-12-2023Highest result since 2018
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
20-12-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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