BUROBAT
ActiveSummary
BUROBAT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92,787 and a net result of €30,283. Equity remains stable across the filed fiscal years (±1.6% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency100▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.19 against 2.92 in 2024; short-term debt: 23.8% and cash: 63% of total assets), and 23.8% 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
76.2%
Return on assets
24.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 39 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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30,283▲ 17.1%
2024 · €25,853
Working capital
€92,787▲ 10.4%
2024 · €84,034
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€9,681€43,451▲ 349%€33,039▼ 24.0%€25,096▼ 24.0%€38,933▲ 55.1%
Net result€9,671€43,271▲ 347%€18,109▼ 58.1%€25,853▲ 42.8%€30,283▲ 17.1%
Equity€81,843▲ 13.4%€95,114▲ 16.2%€93,223▼ 2.0%€90,504▼ 2.9%€92,787▲ 2.5%
Total assets€93,274▼ 10.2%€127,661▲ 36.9%€127,446▼ 0.2%€134,278▲ 5.4%€121,832▼ 9.3%
Debt€11,431▼ 64.0%€32,547▲ 185%€34,223▲ 5.2%€43,773▲ 27.9%€29,044▼ 33.6%
Working capital€81,165▲ 14.4%€94,554▲ 16.5%€79,034▼ 16.4%€84,034▲ 6.3%€92,787▲ 10.4%
Staff (FTE)2.8▲ 55.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €121,832
Equity
€92,787 ▲ 2.5%
Debt
€29,044 ▼ 33.6%
Debt's share of the balance-sheet total falls from 32.6% to 23.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,265▲
2024 · €32,815
Cash flow
€36,615▲
2024 · €33,572
Current ratio
4.19▲
2024 · 2.92
Debt to equity
0.31▼
2024 · 0.48
ROE
32.6%▲
2024 · 28.6%
ROA
24.9%▲
2024 · 19.3%
Interest coverage
145.24▼
2024 · 241.15
Debt ≤ 1 year
€29,044▼
2024 · €43,773
Income taxes
€8,338▲
2024 · €2,000
Staff costs
€21,279▼
2024 · €49,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €91,160 | €52,323 | €54,505 | €49,171 | €21,279 | ▼ 56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €535 | €959 | €8,139 | €7,719 | €6,332 | ▼ 18.0% |
| Other operating charges640/8 | €3,393 | €1,959 | €1,288 | €9,167 | €601 | ▼ 93.4% |
| Gross operating margin9900 | €104,769 | €98,693 | €96,971 | €91,153 | €67,145 | ▼ 26.3% |
| Operating profit (loss)9901 | €9,681 | €43,451 | €33,039 | €25,096 | €38,933 | ▲ 55.1% |
| Financial income75/76B | €200 | - | - | €2,893 | - | - |
| Recurring financial income75 | €200 | - | - | €2,893 | - | - |
| Non-recurring financial income76B | €200 | - | - | €2,893 | - | - |
| Financial charges65/66B | €210 | €180 | €181 | €136 | €312 | ▲ 129% |
| Recurring financial charges65 | €210 | €180 | €181 | €136 | €312 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €9,671 | €43,271 | €32,858 | €27,853 | €38,621 | ▲ 38.7% |
| Income taxes67/77 | - | - | €14,749 | €2,000 | €8,338 | ▲ 317% |
| Profit (loss) for the period9904 | €9,671 | €43,271 | €18,109 | €25,853 | €30,283 | ▲ 17.1% |
| Profit (loss) for the period to be appropriated9905 | €9,671 | €43,271 | €18,109 | €25,853 | €30,283 | ▲ 17.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93,274 | €127,661 | €127,446 | €134,278 | €121,832 | ▼ 9.3% |
| Fixed assets21/28 | €678 | €560 | €14,189 | €6,470 | - | - |
| Tangible fixed assets22/27 | €539 | €422 | €14,051 | €6,332 | - | - |
| Plant, machinery and equipment23 | €537 | - | - | - | - | - |
| Furniture and vehicles24 | €2 | €422 | €14,051 | €6,332 | - | - |
| Financial fixed assets28 | €138 | €138 | €138 | €138 | - | - |
| Current assets29/58 | €92,597 | €127,101 | €113,257 | €127,807 | €121,832 | ▼ 4.7% |
| Amounts receivable within one year40/41 | €45,968 | €61,596 | €55,028 | €75,017 | €35,729 | ▼ 52.4% |
| Trade receivables40 | €45,925 | €61,596 | €48,528 | €65,017 | €34,895 | ▼ 46.3% |
| Other amounts receivable41 | €43 | - | €6,500 | €10,000 | €833 | ▼ 91.7% |
| Current investments50/53 | €9,350 | €9,350 | €9,350 | €9,350 | €9,350 | = |
| Cash at bank and in hand54/58 | €37,278 | €56,154 | €48,879 | €43,441 | €76,753 | ▲ 76.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93,274 | €127,661 | €127,446 | €134,278 | €121,832 | ▼ 9.3% |
| Equity10/15 | €81,843 | €95,114 | €93,223 | €90,504 | €92,787 | ▲ 2.5% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €20,900 | €20,900 | = |
| Capital10 | €19,000 | €19,000 | €19,000 | - | - | - |
| Issued capital100 | €19,000 | €19,000 | €19,000 | - | - | - |
| Outside capital11 | - | - | - | €20,900 | €20,900 | = |
| Other1109/19 | - | - | - | €20,900 | €20,900 | = |
| Reserves13 | €61,400 | €51,400 | €51,400 | €49,500 | €49,500 | = |
| Non-distributable reserves130/1 | €11,250 | €11,250 | €11,250 | €9,350 | €9,350 | = |
| Legal reserve130 | €1,900 | €1,900 | €1,900 | - | - | - |
| Own shares acquired1312 | €9,350 | €9,350 | €9,350 | €9,350 | €9,350 | = |
| Distributable reserves133 | €50,150 | €40,150 | €40,150 | €40,150 | €40,150 | = |
| Profit (loss) carried forward14 | €1,443 | €24,714 | €22,823 | €20,104 | €22,387 | ▲ 11.4% |
| Amounts payable17/49 | €11,431 | €32,547 | €34,223 | €43,773 | €29,044 | ▼ 33.6% |
| Amounts payable within one year42/48 | €11,431 | €32,547 | €34,223 | €43,773 | €29,044 | ▼ 33.6% |
| Trade debts44 | €971 | €5,033 | €6,656 | €4,673 | €1,044 | ▼ 77.7% |
| Suppliers440/4 | €971 | €5,033 | €6,656 | €4,673 | €1,044 | ▼ 77.7% |
| Taxes, remuneration and social security45 | €10,460 | €7,514 | €9,566 | €16,100 | €8,000 | ▼ 50.3% |
| Taxes450/3 | €1,171 | €361 | €2,346 | €9,919 | €8,000 | ▼ 19.3% |
| Remuneration and social security454/9 | €9,289 | €7,152 | €7,220 | €6,181 | - | - |
| Other amounts payable47/48 | - | €20,000 | €18,000 | €23,000 | €20,000 | ▼ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,671 | €43,271 | €18,109 | €25,853 | €30,283 | ▲ 17.1% |
| + Depreciation and write-downs630 | €535 | €959 | €8,139 | €7,719 | €6,332 | ▼ 18.0% |
| Operating cash flow (approximation) | €10,206 | €44,231 | €26,248 | €33,572 | €36,615 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | -€842 | -€21,768 | €0 | - | - |
| Change in cash | - | €18,876 | -€7,275 | -€5,438 | €33,312 | ▲ 713% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €43,271 ▲347%
Operating result €43,451, net result €43,271, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €9,671
Net result €9,671 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 8.10
Current ratio from 3.24 to 8.10; short-term debt falls from €31,721 to €11,431.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€7,334
Net result drops to -€7,334, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 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, Thimister-Clermont · 1 establishment unit since 1989
Ground area
1,884 m²
Building footprint
525 m²
Volume, LiDAR
3,439 m³
2 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de Herve 107, 4651 Herve
since 19892.042.950.355
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077A0365/00E000 | Wallonia | 1,280 m² | 1 · 360 m² | 10.7 m · 2 fl. |
| 63006C0058/00D003 | Wallonia | 604 m² | 1 · 165 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
47792Retail sale of second-hand clothing
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437103675
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.