BURO
InactiveBURO was declared bankrupt on 31-10-2023 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 25-03-2025, published in the Belgian State Gazette on 31-03-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-10-2023, 68 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
not confirmed
2024
not filed
2023
not filed
2022
68 d late
2021
433 d late
2020
29 d early
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 133 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, abbreviated schema
Equity
-€90,565
2021 · €47,137
Total assets
€1.2m▼ 1.0%
2021 · €1.3m
Net result
-€137,702
2021 · €35,570
Working capital
-€189,648▼ 44.7%
2021 · -€131,078
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
Line20182019202020212022
Operating result€18,614-€16,635▼ 10.6%€12,853▼ 22.7%€55,980▲ 336%-€133,630
Net result-€7,336--€8,536▼ 16.4%-€8,917▼ 4.5%€35,570-€137,702
Equity€29,020-€20,483▼ 29.4%€11,567▼ 43.5%€47,137▲ 308%-€90,565
Total assets€1.4m-€1.3m▼ 9.0%€1.3m▼ 1.2%€1.3m▼ 1.6%€1.2m▼ 1.0%
Debt€1.4m-€1.3m▼ 8.6%€1.3m▼ 0.5%€1.2m▼ 4.4%€1.3m▲ 10.4%
Working capital-€50,541--€99,174▼ 96.2%-€102,672▼ 3.5%-€131,078▼ 27.7%-€189,648▼ 44.7%
Staff (FTE)1.9-0.9▼ 52.6%1▲ 11.1%1=8▲ 700%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €133,630 after €55,980 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m =
Current assets
€57,974 ▼ 17.4%
Key figures and ratios
Solvency
-7.3%▼
2021 · 3.7%
Current ratio
0.23▼
2021 · 0.35
Debt to equity
-14.75▼
2021 · 25.67
ROA
-11.1%▼
2021 · 2.8%
Debt ≤ 1 year
€247,621▲
2021 · €201,294
Debt > 1 year
€1.1m▲
2021 · €1.0m
Income taxes
-€701▼
2021 · €1,275
Staff costs
€25,054▼
2021 · €36,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,132 | €25,054 | ▼ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,377 | €27,229 | €19,410 | €18,950 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €244,087 | - |
| Other operating charges640/8 | - | - | - | €545 | €7,917 | ▲ 1,353% |
| Gross operating margin9900 | €207,056 | €87,515 | €88,873 | €111,607 | €143,428 | ▲ 28.5% |
| Operating profit (loss)9901 | €18,614 | €16,635 | €12,853 | €55,980 | -€133,630 | ▼ 339% |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | €0 | €1 | €22 | €3 | - | - |
| Financial charges65/66B | - | - | - | €19,138 | €4,773 | ▼ 75.1% |
| Recurring financial charges65 | €22,303 | €22,055 | €21,091 | €19,138 | €4,773 | ▼ 75.1% |
| Profit (loss) for the period before taxes9903 | -€3,689 | -€5,420 | -€8,216 | €36,845 | -€138,403 | ▼ 476% |
| Income taxes67/77 | €3,647 | €3,117 | €701 | €1,275 | -€701 | ▼ 155% |
| Profit (loss) for the period9904 | -€7,336 | -€8,536 | -€8,917 | €35,570 | -€137,702 | ▼ 487% |
| Profit (loss) for the period to be appropriated9905 | -€7,336 | -€8,536 | -€8,917 | €35,570 | -€137,702 | ▼ 487% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 1.0% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €65,589 | €38,360 | €18,950 | - | - | - |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €169,308 | €67,986 | €71,479 | €70,216 | €57,974 | ▼ 17.4% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €165,573 | €64,323 | €67,252 | €67,252 | €57,974 | ▼ 13.8% |
| Trade receivables40 | - | - | - | €67,252 | €57,974 | ▼ 13.8% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €33 | €342 | €368 | €1 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €2,964 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 1.0% |
| Equity10/15 | €29,020 | €20,483 | €11,567 | €47,137 | -€90,565 | ▼ 292% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Reserves13 | €17,756 | €17,756 | €17,756 | €17,756 | €17,756 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €181 | ▼ 90.3% |
| Other1319 | - | - | - | - | €1,679 | - |
| Distributable reserves133 | - | - | - | €15,896 | €15,896 | = |
| Profit (loss) carried forward14 | -€7,336 | -€15,873 | -€24,789 | €10,781 | -€126,921 | ▼ 1,277% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.4m | €1.3m | €1.3m | €1.2m | €1.3m | ▲ 10.4% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 7.2% |
| Financial debts170/4 | - | - | - | €117,604 | - | - |
| Other amounts payable178/9 | - | - | - | €891,244 | €1.1m | ▲ 21.4% |
| Amounts payable within one year42/48 | €219,848 | €167,160 | €174,151 | €201,294 | €247,621 | ▲ 23.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €107,663 | €125,948 | ▲ 17.0% |
| Trade debts44 | €7,224 | €16,440 | €12,914 | €21,471 | €42,737 | ▲ 99.0% |
| Suppliers440/4 | - | - | - | €21,471 | €42,737 | ▲ 99.0% |
| Taxes, remuneration and social security45 | - | - | - | €52,556 | €59,332 | ▲ 12.9% |
| Taxes450/3 | - | - | - | €43,131 | €51,606 | ▲ 19.6% |
| Remuneration and social security454/9 | - | - | - | €9,425 | €7,726 | ▼ 18.0% |
| Other amounts payable47/48 | - | - | - | €19,604 | €19,604 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,318 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,336 | -€8,536 | -€8,917 | €35,570 | -€137,702 | ▼ 487% |
| + Depreciation and write-downs630 | €27,377 | €27,229 | €19,410 | €18,950 | - | - |
| Operating cash flow (approximation) | €20,040 | €18,692 | €10,493 | €54,520 | -€137,702 | ▼ 353% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €309 | €26 | -€367 | - | - |
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
2025
31-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 25-03-2025
2023
07-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 31-10-2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 68 days late
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 433 days late
2022
31-12
Financial
Weakest financial yearnet -€137,702
Net result drops to -€137,702, the lowest in the series.
2021
31-12
Financial
Back to profitnet €35,570
Net result €35,570 after 3 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Yves PYNAERT KORTRIJKSE HEERWEG 80, 8540 DEER-
LIJK |
31-10-2023 → 25-03-2025 |