Buro3
ActiveSummary
Buro3 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,555 and a net result of €4,879. Equity is shrinking by ~14.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+65
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 8.59 against 7.55 in 2024; short-term debt: 11.6% and cash: 53.5% of total assets), and 11.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.1%
Return on assets
11.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €36,555
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
29 d late
2022
29 d late
2021
22 d late
2020
31 d late
2019
35 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,555▲ 15.4%
2024 · €31,676
Total assets
€41,488▲ 13.7%
2024 · €36,474
Net result
€4,879
2024 · -€445
Working capital
€36,661▲ 16.7%
2024 · €31,413
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-€196-€6,443▼ 3,189%-€5,280▲ 18.1%-€365▲ 93.1%€5,449
Net result-€638-€6,585▼ 931%-€5,375▲ 18.4%-€445▲ 91.7%€4,879
Equity€65,496▼ 22.6%€37,495▼ 42.8%€32,121▼ 14.3%€31,676▼ 1.4%€36,555▲ 15.4%
Total assets€72,992▼ 22.7%€43,766▼ 40.0%€36,677▼ 16.2%€36,474▼ 0.6%€41,488▲ 13.7%
Debt€7,496▼ 22.8%€6,270▼ 16.3%€4,557▼ 27.3%€4,798▲ 5.3%€4,933▲ 2.8%
Working capital€64,622▼ 22.1%€37,491▼ 42.0%€31,487▼ 16.0%€31,413▼ 0.2%€36,661▲ 16.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,449 after a loss of €365 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €41,488
Equity
€36,555 ▲ 15.4%
Debt
€4,933 ▲ 2.8%
Debt's share of the balance-sheet total falls from 13.2% to 11.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,712▲
2024 · €5
Cash flow
€5,142▲
2024 · -€75
Current ratio
8.59▲
2024 · 7.55
Debt to equity
0.13▼
2024 · 0.15
ROE
13.3%▲
2024 · -1.4%
ROA
11.8%▲
2024 · -1.2%
Interest coverage
37.33▲
2024 · 0.03
Debt ≤ 1 year
€4,828▲
2024 · €4,798
Income taxes
€488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €370 | €370 | €370 | €370 | €263 | ▼ 29.0% |
| Other operating charges640/8 | €673 | €676 | €926 | €742 | €3,400 | ▲ 358% |
| Gross operating margin9900 | €847 | -€5,396 | -€3,983 | €747 | €9,112 | ▲ 1,120% |
| Operating profit (loss)9901 | -€196 | -€6,443 | -€5,280 | -€365 | €5,449 | ▲ 1,592% |
| Financial income75/76B | - | €5 | €52 | €72 | €72 | ▼ 0.3% |
| Recurring financial income75 | - | €5 | €52 | €72 | €72 | ▼ 0.3% |
| Financial charges65/66B | €170 | €147 | €147 | €152 | €153 | ▲ 1.0% |
| Recurring financial charges65 | €170 | €147 | €147 | €152 | €153 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | -€366 | -€6,585 | -€5,375 | -€445 | €5,367 | ▲ 1,306% |
| Income taxes67/77 | €272 | - | - | - | €488 | - |
| Profit (loss) for the period9904 | -€638 | -€6,585 | -€5,375 | -€445 | €4,879 | ▲ 1,196% |
| Profit (loss) for the period to be appropriated9905 | -€638 | -€6,585 | -€5,375 | -€445 | €4,879 | ▲ 1,196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,992 | €43,766 | €36,677 | €36,474 | €41,488 | ▲ 13.7% |
| Fixed assets21/28 | €1,374 | €1,004 | €633 | €263 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,374 | €1,004 | €633 | €263 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1,374 | €1,004 | €633 | €263 | €0 | ▼ 100% |
| Current assets29/58 | €71,618 | €42,762 | €36,044 | €36,211 | €41,488 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €23,819 | €23,745 | €20,284 | €20,440 | €19,254 | ▼ 5.8% |
| Trade receivables40 | €18,294 | €20,325 | €17,578 | €16,962 | €16,757 | ▼ 1.2% |
| Other amounts receivable41 | €5,525 | €3,420 | €2,706 | €3,478 | €2,497 | ▼ 28.2% |
| Cash at bank and in hand54/58 | €47,769 | €18,987 | €15,300 | €15,741 | €22,204 | ▲ 41.1% |
| Deferred charges and accrued income490/1 | €30 | €30 | €460 | €30 | €30 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,992 | €43,766 | €36,677 | €36,474 | €41,488 | ▲ 13.7% |
| Equity10/15 | €65,496 | €37,495 | €32,121 | €31,676 | €36,555 | ▲ 15.4% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €59,196 | €31,195 | €25,821 | €25,376 | €30,255 | ▲ 19.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €57,336 | €29,335 | €25,821 | €25,376 | €30,255 | ▲ 19.2% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €7,496 | €6,270 | €4,557 | €4,798 | €4,933 | ▲ 2.8% |
| Amounts payable within one year42/48 | €6,996 | €5,270 | €4,557 | €4,798 | €4,828 | ▲ 0.6% |
| Trade debts44 | €196 | €475 | €353 | €595 | €624 | ▲ 4.9% |
| Suppliers440/4 | €196 | €475 | €353 | €595 | €624 | ▲ 4.9% |
| Taxes, remuneration and social security45 | €6,800 | €4,795 | €4,204 | €4,204 | €4,204 | = |
| Taxes450/3 | €6,800 | €4,795 | €4,204 | €4,204 | €4,204 | = |
| Accrued charges and deferred income492/3 | €500 | €1,000 | €0 | - | €106 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€638 | -€6,585 | -€5,375 | -€445 | €4,879 | ▲ 1,196% |
| + Depreciation and write-downs630 | €370 | €370 | €370 | €370 | €263 | ▼ 29.0% |
| Operating cash flow (approximation) | -€268 | -€6,215 | -€5,004 | -€75 | €5,142 | ▲ 6,986% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€28,782 | -€3,687 | €441 | €6,463 | ▲ 1,366% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €4,879
Net result €4,879 after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€6,585
Net result drops to -€6,585, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €5,337 ▲288%
Operating result €7,483, net result €5,337, both a record.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial 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
Registered office, Nazareth · 1 establishment unit since 2009
Ground area
733 m²
Building footprint
129 m²
Volume, LiDAR
575 m³
Parcel 44018A0092/00G000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BURO3
since 20092.178.473.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0092/00G000 | Flanders | 733 m² | 1 · 129 m² | 6.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 389 EUR awarded · 389 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 102 EUR | 102 EUR |
| 2024 | 1 | 99 EUR | 99 EUR |
| 2023 | 1 | 96 EUR | 96 EUR |
| 2022 | 1 | 92 EUR | 92 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded15-04-2009
Fiscal year end31-12
Contact
E-mail
eric@buro3.be
Phone
+32495381647
E-invoicing
Reachable via Peppol
Peppol ID
0208:0811158144
Also
9925:BE0811158144
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.