Buro 88
ActiveBuro 88 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €206k. Equity is growing by ~87.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 11614 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency8▼-3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.51 in 2023), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 11614 sector peers (2024).
NBB · sector comparisonPosition among 11614 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
138 d late
2023
30 d late
2022
102 d late
2021
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€166k▲ 46.0%
2023 · €114k
2021: €-30k
2022: €40k
2023: €114k
2021 → 2024
Total assets
€1.55M▲ 127%
2023 · €681k
2021: €9k
2022: €83k
2023: €681k
2021 → 2024
Net result
€206k▲ 179%
2023 · €74k
2021: €-9k
2022: €70k
2023: €74k
2021 → 2024
Working capital
€-385k▼ 736%
2023 · €-46k
2021: €-29k
2022: €40k
2023: €-46k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-30k-€40k€114k▲ 183%€166k▲ 46.0%
Operating result€-9k-€83k€98k▲ 18.0%€305k▲ 210%
Net result€-9k-€70k€74k▲ 5.2%€206k▲ 179%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 210% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.55M
Fixed assets
€1.13M▲ 77.9%
Current assets
€419k▲ 766%
Equity and liabilities €1.55M
Equity
€166k▲ 46.0%
Debt
€1.38M▲ 143%
The debt ratio rises from 83.3% to 89.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€322k▲
2023 · €101k
Cash flow
€222k▲
2023 · €76k
Solvency
10.8%▼
2023 · 16.7%
Current ratio
0.52▲
2023 · 0.51
Quick ratio
0.52▲
2023 · 0.51
Debt / equity
8.30▲
2023 · 4.99
ROE
123.7%▲
2023 · 64.6%
ROA
13.3%▲
2023 · 10.8%
Interest coverage
9.80▼
2023 · 26.18
Debt
€1.38M▲
2023 · €568k
Debt ≤ 1 year
€804k▲
2023 · €94k
Debt > 1 year
€576k▲
2023 · €473k
Income taxes
€67k▲
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€681k€1.55M▲
Fixed assets21/28€633k€1.13M▲
Tangible fixed assets22/27€27k€521k▲
Land and buildings22-€499k
Furniture and vehicles24€23k€18k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€606k€606k=
Current assets29/58€48k€419k▲
Amounts receivable within one year40/41€32k€407k▲
Trade receivables40€31k€406k▲
Other amounts receivable41€141€1k▲
Cash at bank and in hand54/58€14k€12k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€681k€1.55M▲
Equity10/15€114k€166k▲
Contributions10/11€8k€8k=
Reserves13€106k€159k▲
Distributable reserves133€106k€159k▲
Profit (loss) carried forward14€20€61▲
Amounts payable17/49€568k€1.38M▲
Amounts payable after more than one year17€473k€576k▲
Financial debts170/4€473k€576k▲
Amounts payable within one year42/48€94k€804k▲
Current portion of amounts payable after more than one year42€19k€141k▲
Trade debts44€13k€39k▲
Suppliers440/4€13k€39k▲
Taxes, remuneration and social security45€37k€164k▲
Taxes450/3€37k€164k▲
Other amounts payable47/48€26k€460k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€17k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€102k€325k▲
Operating profit (loss)9901€98k€305k▲
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€4k€33k▲
Recurring financial charges65€4k€33k▲
Profit (loss) for the period before taxes9903€95k€272k▲
Income taxes67/77€21k€67k▲
Profit (loss) for the period9904€74k€206k▲
Profit (loss) for the period to be appropriated9905€74k€206k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€206k▲
Profit (loss) brought forward from the previous period14P€48€20▼
Transfer to equity691/2€74k€52k▼
To other reserves6921€74k€52k▼
Profit to be distributed694/7-€153k
Return on contributions (dividend)694-€141k
Directors or managers695-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
2024
31-12
Financial
Highest result since 2021net €206k ▲179%
Operating result €305k, net result €206k, both a record.
31-12
Financial
Equity above €150kEq €166k ▲46%
3 profitable years in a row build equity to €166k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €114k ▲183%
2 profitable years in a row build equity to €114k.
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 102 days late
2022
31-12
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 1.94
Current ratio from 0.22 to 1.94.
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Merelbeke-Melle · 1 establishment unit since 2020
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.
Hundelgemsesteenweg 11039820 Merelbeke-MelleGround area
1,623 m²
Building footprint
599 m²
Volume, LiDAR
7,974 m³
2 parcels, Flanders · tallest building 22.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Buro 88
since 20202.301.510.585
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44047A0175/00G000 | Flanders | 1,217 m² | 1 · 193 m² | 4.8 m · 1 fl. |
| 44803C0838/00B000 | Flanders | 407 m² | 1 · 407 m² | 22.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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INTERIEURARCHITECTUUR MONIQUE HEEREN
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Of 3,911 companies in sector 71112 we hold annual accounts for 1,290. 997 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2020
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.