BURO38
ActiveSummary
BURO38 has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €188k and a net result of €16k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 182 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability77▼-18
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 12.57 against 12.98 in 2025; short-term debt: 7.7% and cash: 68.2% of total assets), and 23.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
76.3%
Return on assets
6.3%
Age of the figures
6 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 10-08-2026, 82 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
82 d early
2025
45 d early
2024
64 d early
2023
12 d early
2022
31 d early
2021
17 d late
2020
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€188k▼ 4.7%
2025 · €197k
2019: €66klowest in 8 years
2020: €91k▲ +37.8% vs 2019
2021: €136k▲ +50.6% vs 2020
2022: €145k▲ +6.1% vs 2021
2023: €159k▲ +9.8% vs 2022
2024: €169k▲ +6.4% vs 2023
2025: €197k▲ +16.8% vs 2024highest in 8 years
2026: €188k▼ -4.7% vs 2025
2019 → 2026
Total assets
€247k▼ 3.8%
2025 · €256k
2019: €115klowest in 8 years
2020: €139k▲ +20.5% vs 2019
2021: €196k▲ +41.2% vs 2020
2022: €200k▲ +2.3% vs 2021
2023: €213k▲ +6.5% vs 2022
2024: €227k▲ +6.5% vs 2023
2025: €256k▲ +12.9% vs 2024highest in 8 years
2026: €247k▼ -3.8% vs 2025
2019 → 2026
Net result
€16k▼ 71.1%
2025 · €54k
2019: €26k
2020: €25k▼ -3.9% vs 2019
2021: €46k▲ +84.2% vs 2020
2022: €20k▼ -56.1% vs 2021
2023: €32k▲ +60.3% vs 2022
2024: €19k▼ -40.7% vs 2023
2025: €54k▲ +183% vs 2024highest in 8 years
2026: €16k▼ -71.1% vs 2025lowest in 8 years
2019 → 2026
Working capital
€221k▼ 3.6%
2025 · €229k
2019: €101klowest in 8 years
2020: €126k▲ +24.7% vs 2019
2021: €168k▲ +33.3% vs 2020
2022: €166k▼ -1.3% vs 2021
2023: €187k▲ +12.3% vs 2022
2024: €201k▲ +7.7% vs 2023
2025: €229k▲ +13.8% vs 2024highest in 8 years
2026: €221k▼ -3.6% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€145k-€159k▲ 9.8%€169k▲ 6.4%€197k▲ 16.8%€188k▼ 4.7%
2022: €145klowest in 5 years
2023: €159k▲ +9.8% vs 2022
2024: €169k▲ +6.4% vs 2023
2025: €197k▲ +16.8% vs 2024highest in 5 years
2026: €188k▼ -4.7% vs 2025
Operating result€35k-€32k▼ 7.3%€18k▼ 45.8%€35k▲ 99.7%€24k▼ 31.5%
2022: €35k
2023: €32k▼ -7.3% vs 2022
2024: €18k▼ -45.8% vs 2023lowest in 5 years
2025: €35k▲ +99.7% vs 2024highest in 5 years
2026: €24k▼ -31.5% vs 2025
Net result€20k-€32k▲ 60.3%€19k▼ 40.7%€54k▲ 183%€16k▼ 71.1%
2022: €20k
2023: €32k▲ +60.3% vs 2022
2024: €19k▼ -40.7% vs 2023
2025: €54k▲ +183% vs 2024highest in 5 years
2026: €16k▼ -71.1% vs 2025lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 31% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €247k
Fixed assets
€7k ▼ 17.9%
Current assets
€240k ▼ 3.4%
Equity and liabilities €247k
Equity
€188k ▼ 4.7%
Provisions
€39k =
Debt
€19k ▼ 3.1%
Debt's share of the balance-sheet total rises from 7.7% to 7.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€28k▼
2025 · €38k
Cash flow
€19k▼
2025 · €57k
Current ratio
12.57▼
2025 · 12.98
Debt to equity
0.10▲
2025 · 0.10
ROE
8.3%▼
2025 · 27.5%
ROA
6.3%▼
2025 · 21.1%
Interest coverage
12.94▲
2025 · 11.62
Debt ≤ 1 year
€19k▼
2025 · €19k
Income taxes
€7k▼
2025 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 50 lines
Balance sheet
Code20252026
Assets
Total assets20/58€256k€247k▼
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€8k€7k▼
Land and buildings22€637€125▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€6k€5k▼
Current assets29/58€248k€240k▼
Amounts receivable within one year40/41€23k€48k▲
Trade receivables40€23k€45k▲
Other amounts receivable41€751€3k▲
Current investments50/53€6k€6k=
Cash at bank and in hand54/58€203k€168k▼
Deferred charges and accrued income490/1€15k€17k▲
Equity and liabilities
Total equity and liabilities10/49€256k€247k▼
Equity10/15€197k€188k▼
Contributions10/11€1k€1k=
Reserves13€196k€187k▼
Distributable reserves133€196k€187k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€39k€39k=
Provisions for liabilities and charges160/5€39k€39k=
Pensions and similar obligations160€39k€39k=
Amounts payable17/49€20k€19k▼
Amounts payable within one year42/48€19k€19k▼
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€14k€11k▼
Taxes450/3€11k€10k▼
Remuneration and social security454/9€3k€165▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€574€0▼
Income statement
Code20252026
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€40k€29k▼
Operating profit (loss)9901€35k€24k▼
Financial income75/76B€44k€886▼
Recurring financial income75€44k€886▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€76k€23k▼
Income taxes67/77€22k€7k▼
Profit (loss) for the period9904€54k€16k▼
Profit (loss) for the period to be appropriated9905€54k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€16k▼
Transfer from equity791/2€26k€25k▼
Transfer to equity691/2€54k€16k▼
To other reserves6921€54k€16k▼
Profit to be distributed694/7€26k€25k▼
Return on contributions (dividend)694€26k€25k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €8k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €3k | €3k | €4k | ▲ 15.7% |
| Other operating charges640/8 | €2k | €1k | €1k | €2k | €2k | ▲ 8.8% |
| Gross operating margin9900 | €40k | €40k | €22k | €40k | €29k | ▼ 26.2% |
| Operating profit (loss)9901 | €35k | €32k | €18k | €35k | €24k | ▼ 31.5% |
| Financial income75/76B | €0 | €14k | €10k | €44k | €886 | ▼ 98.0% |
| Recurring financial income75 | €0 | €14k | €10k | €44k | €886 | ▼ 98.0% |
| Financial charges65/66B | €6k | €224 | €488 | €3k | €2k | ▼ 35.0% |
| Recurring financial charges65 | €6k | €224 | €488 | €3k | €2k | ▼ 35.0% |
| Profit (loss) for the period before taxes9903 | €29k | €46k | €27k | €76k | €23k | ▼ 70.0% |
| Income taxes67/77 | €9k | €14k | €8k | €22k | €7k | ▼ 67.3% |
| Profit (loss) for the period9904 | €20k | €32k | €19k | €54k | €16k | ▼ 71.1% |
| Profit (loss) for the period to be appropriated9905 | €20k | €32k | €19k | €54k | €16k | ▼ 71.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200k | €213k | €227k | €256k | €247k | ▼ 3.8% |
| Fixed assets21/28 | €18k | €12k | €8k | €8k | €7k | ▼ 17.9% |
| Tangible fixed assets22/27 | €18k | €12k | €8k | €8k | €7k | ▼ 17.9% |
| Land and buildings22 | €2k | €2k | €1k | €637 | €125 | ▼ 80.4% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 23.0% |
| Furniture and vehicles24 | €16k | €10k | €7k | €6k | €5k | ▼ 9.9% |
| Current assets29/58 | €182k | €201k | €219k | €248k | €240k | ▼ 3.4% |
| Amounts receivable within one year40/41 | €28k | €24k | €23k | €23k | €48k | ▲ 107% |
| Trade receivables40 | €26k | €23k | €23k | €23k | €45k | ▲ 100% |
| Other amounts receivable41 | €2k | €1k | €0 | €751 | €3k | ▲ 320% |
| Current investments50/53 | €10k | €24k | €14k | €6k | €6k | = |
| Cash at bank and in hand54/58 | €140k | €150k | €165k | €203k | €168k | ▼ 17.4% |
| Deferred charges and accrued income490/1 | €4k | €3k | €18k | €15k | €17k | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200k | €213k | €227k | €256k | €247k | ▼ 3.8% |
| Equity10/15 | €145k | €159k | €169k | €197k | €188k | ▼ 4.7% |
| Contributions10/11 | €6k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €138k | €158k | €168k | €196k | €187k | ▼ 4.7% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €137k | €158k | €168k | €196k | €187k | ▼ 4.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €39k | €39k | €39k | €39k | €39k | = |
| Provisions for liabilities and charges160/5 | €39k | €39k | €39k | €39k | €39k | = |
| Pensions and similar obligations160 | €39k | €39k | €39k | €39k | €39k | = |
| Amounts payable17/49 | €16k | €15k | €19k | €20k | €19k | ▼ 3.1% |
| Amounts payable within one year42/48 | €16k | €14k | €18k | €19k | €19k | ▼ 0.2% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €7k | €2k | €5k | €5k | €9k | ▲ 73.2% |
| Suppliers440/4 | €7k | €2k | €5k | €5k | €9k | ▲ 73.2% |
| Taxes, remuneration and social security45 | €8k | €12k | €13k | €14k | €11k | ▼ 25.6% |
| Taxes450/3 | €7k | €10k | €10k | €11k | €10k | ▼ 6.9% |
| Remuneration and social security454/9 | €2k | €2k | €3k | €3k | €165 | ▼ 94.6% |
| Other amounts payable47/48 | €382 | €0 | €13 | €0 | - | - |
| Accrued charges and deferred income492/3 | €0 | €475 | €870 | €574 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €32k | €19k | €54k | €16k | ▼ 71.1% |
| + Depreciation and write-downs630 | €4k | €6k | €3k | €3k | €4k | ▲ 15.7% |
| Operating cash flow (approximation) | €24k | €38k | €22k | €57k | €19k | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | €0 | €692 | €-3k | €-2k | ▲ 33.9% |
| Change in cash | - | €10k | €15k | €39k | €-35k | ▼ 191% |
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 2027, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet €16k ▼71.1%
Net result drops to €16k, the lowest in the series.
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €54k ▲183%
Net result €54k, the highest in the series.
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €150kEq €159k ▲9.8%
5 profitable years in a row build equity to €159k.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
31-03
Financial
Equity above €100kEq €136k ▲50.6%
3 profitable years in a row build equity to €136k.
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Tongeren-Borgloon · 1 establishment unit since 2010
Ground area
898 m²
Building footprint
154 m²
Volume, LiDAR
730 m³
Parcel 73094B1098/00E000, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BURO38
since 20102.186.610.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73094B1098/00E000 | Flanders | 898 m² | 1 · 154 m² | 6.2 m · 2 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
2023 to 2025 · 3 entries · 2,759 EUR awarded · 2,759 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,042 EUR | 1,042 EUR |
| 2024 | 1 | 172 EUR | 172 EUR |
| 2023 | 1 | 1,545 EUR | 1,545 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Cerqua Landi Consulting SRL
BE 0744.972.767
Sint-Lambrechts-Woluwe · Eq €188,058
SYNAPS SERVICES
BE 0809.851.515
Lier · Eq €188,058
CAPCOM
BE 0439.095.145
Braine-l'Alleud · Eq €188,081
O2IT
BE 1004.020.769
Meise · Eq €188,014
B.A. BA Consulting
BE 0778.329.681
Braine-l'Alleud · Eq €188,000
Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,880 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
Founded30-03-2010
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.