BURIGAT
Open bankruptcyA bankruptcy procedure is open for BURIGAT according to publications in the Belgian State Gazette; curator: WALTER DEWEPPE.
Summary
The 2025 annual accounts show negative equity (€-179k) and a net result of €-158k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-179k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 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 · 8 filingsDeviation from the deadline
2025
10 d late
2024
19 d late
2023
12 d late
2022
7 d early
2021
on the day
2020
8 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-179k▼ 751%
2024 · €-21k
Total assets
€204k▲ 36.5%
2024 · €149k
Net result
€-158k▲ 6.1%
2024 · €-168k
Working capital
€-178k
2024 · €31k
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
Line20212022202320242025
Operating result€91k▲ 36.8%€7k▼ 92.8%€-21k€-167k▼ 703%€-157k▲ 6.0%
Net result€61k▲ 42.3%€13k▼ 79.2%€-19k€-168k▼ 801%€-158k▲ 6.1%
Equity€153k▲ 66.7%€166k▲ 8.3%€147k▼ 11.3%€-21k€-179k▼ 751%
Total assets€327k▲ 33.2%€371k▲ 13.5%€280k▼ 24.5%€149k▼ 46.7%€204k▲ 36.5%
Debt€174k▲ 13.2%€205k▲ 18.0%€133k▼ 35.2%€170k▲ 28.1%€383k▲ 125%
Working capital€222k▲ 43.5%€245k▲ 10.3%€177k▼ 27.9%€31k▼ 82.7%€-178k
Staff (FTE)2.5=2.92.3▼ 20.7%3.9▲ 69.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €157k in 2025 against €167k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204k
Fixed assets
€21k ▼ 28.1%
Current assets
€183k ▲ 52.1%
Key figures and ratios
EBITDA
€-151k▲
2024 · €-160k
Cash flow
€-151k▲
2024 · €-161k
Solvency
-87.9%▼
2024 · -14.1%
Current ratio
0.51▼
2024 · 1.34
Quick ratio
0.24▼
2024 · 0.63
Debt to equity
-2.14▲
2024 · -8.10
ROA
-77.6%▲
2024 · -112.8%
Interest coverage
-43.18▲
2024 · -102.35
Debt ≤ 1 year
€360k▲
2024 · €90k
Staff costs
€260k▲
2024 · €130k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €91k | €92k | €130k | €260k | ▲ 99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €3k | €2k | €7k | €6k | ▼ 11.8% |
| Other operating charges640/8 | - | €1k | €950 | €2k | €4k | ▲ 64.5% |
| Non-recurring operating charges66A | - | €85 | €0 | €9k | €2k | ▼ 81.8% |
| Gross operating margin9900 | €207k | €102k | €74k | €-18k | €114k | ▲ 731% |
| Operating profit (loss)9901 | €91k | €7k | €-21k | €-167k | €-157k | ▲ 6.0% |
| Financial income75/76B | - | €2k | €2k | €603 | €3k | ▲ 366% |
| Recurring financial income75 | €2k | €2k | €2k | €603 | €3k | ▲ 366% |
| Financial charges65/66B | - | €177 | €86 | €2k | €3k | ▲ 123% |
| Recurring financial charges65 | €754 | €177 | €86 | €2k | €3k | ▲ 123% |
| Profit (loss) for the period before taxes9903 | €92k | €9k | €-19k | €-168k | €-158k | ▲ 6.1% |
| Income taxes67/77 | €31k | €-4k | €0 | - | - | - |
| Profit (loss) for the period9904 | €61k | €13k | €-19k | €-168k | €-158k | ▲ 6.1% |
| Profit (loss) for the period to be appropriated9905 | €61k | €13k | €-19k | €-168k | €-158k | ▲ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327k | €371k | €280k | €149k | €204k | ▲ 36.5% |
| Fixed assets21/28 | €15k | €8k | €36k | €29k | €21k | ▼ 28.1% |
| Intangible fixed assets21 | - | - | €30k | €24k | €17k | ▼ 26.3% |
| Tangible fixed assets22/27 | €11k | €4k | €3k | €2k | €58 | ▼ 97.1% |
| Plant, machinery and equipment23 | - | €2k | €1k | €763 | €58 | ▼ 92.3% |
| Furniture and vehicles24 | - | €3k | €2k | €1k | €0 | ▼ 100% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €312k | €363k | €244k | €120k | €183k | ▲ 52.1% |
| Stocks and contracts in progress3 | €86k | €103k | €112k | €64k | €96k | ▲ 50.4% |
| Stocks30/36 | - | €103k | €112k | €64k | €96k | ▲ 50.4% |
| Amounts receivable within one year40/41 | €68k | €88k | €59k | €45k | €85k | ▲ 87.7% |
| Trade receivables40 | - | €83k | €47k | €45k | €82k | ▲ 79.6% |
| Other amounts receivable41 | - | €6k | €12k | €0 | €4k | - |
| Current investments50/53 | - | - | €30k | €0 | - | - |
| Cash at bank and in hand54/58 | €158k | €171k | €42k | €11k | €149 | ▼ 98.6% |
| Deferred charges and accrued income490/1 | - | €720 | €792 | €67 | €1k | ▲ 1,605% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327k | €371k | €280k | €149k | €204k | ▲ 36.5% |
| Equity10/15 | €153k | €166k | €147k | €-21k | €-179k | ▼ 751% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €71k | €71k | €71k | €71k | €71k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €69k | €69k | €71k | €71k | = |
| Profit (loss) carried forward14 | €64k | €76k | €58k | €-111k | €-269k | ▼ 143% |
| Amounts payable17/49 | €174k | €205k | €133k | €170k | €383k | ▲ 125% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €90k | €118k | €67k | €90k | €360k | ▲ 302% |
| Financial debts43 | - | €6k | €100 | €0 | - | - |
| Credit institutions430/8 | - | €6k | €100 | €0 | - | - |
| Trade debts44 | €54k | €83k | €49k | €64k | €111k | ▲ 74.4% |
| Suppliers440/4 | - | €83k | €49k | €64k | €111k | ▲ 74.4% |
| Advances received on contracts in progress46 | - | - | - | - | €140k | - |
| Taxes, remuneration and social security45 | - | €29k | €18k | €25k | €94k | ▲ 268% |
| Taxes450/3 | - | €15k | €210 | €8k | €61k | ▲ 643% |
| Remuneration and social security454/9 | - | €14k | €18k | €17k | €33k | ▲ 90.7% |
| Other amounts payable47/48 | - | €452 | €44 | €441 | €15k | ▲ 3,371% |
| Accrued charges and deferred income492/3 | - | €87k | €66k | €81k | €22k | ▼ 72.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €13k | €-19k | €-168k | €-158k | ▲ 6.1% |
| + Depreciation and write-downs630 | €8k | €3k | €2k | €7k | €6k | ▼ 11.8% |
| Operating cash flow (approximation) | €69k | €16k | €-16k | €-161k | €-151k | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | €4k | €-31k | €0 | €2k | - |
| Change in cash | - | €13k | €-129k | €-32k | €-11k | ▲ 66.7% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
09-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 03-02-2026
2025
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
30-06
Financial
Weakest financial yearnet €-168k
Net result drops to €-168k, the lowest in the series.
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €61k ▲42.3%
Operating result €91k, net result €61k, both a record.
30-06
Financial
Equity above €150kEq €153k ▲66.7%
3 profitable years in a row build equity to €153k.
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 8 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2017
Ground area
148 m²
Building footprint
213 m²
Volume, LiDAR
3,038 m³
Parcel 44815F2196/00N002, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Burigat Decoratie
since 20172.273.686.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2196/00N002 | Flanders | 148 m² | 1 · 213 m² | 17.4 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WALTER DEWEPPE KAREL PICQUéLAAN 115,
9800 DEINZE |
03-02-2026 → present |
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 913 companies in sector 43333 we hold annual accounts for 400. 328 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
Founded18-05-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
47530Retail trade
Scores and ratios are computed by Checked and are not a credit decision.