BUROGEM
Dissolved and wound upFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-02-2026 PDF all 38 filings
Equity
€259,337▼ 2.7%
2024 · €266,545
Total assets
€263,318▼ 6.1%
2024 · €280,374
Net result
-€7,208▼ 4.4%
2024 · -€6,905
Working capital
€259,337▼ 2.7%
2024 · €266,540
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€12,822
▲ 16.9%
2025
20182025
Net result
-€7,208
▼ 4.4%
2025
20182025
Equity
€259,337
▼ 2.7%
2025
20182025
Total assets
€263,318
▼ 6.1%
2025
20182025
Debt
€3,981
▼ 71.2%
2025
20182025
Working capital
€259,337
▼ 2.7%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,870--€2,389-€1,722▲ 27.9%€15,384€2,179▼ 85.8%-€11,454-€15,426▼ 34.7%-€12,822▲ 16.9%
Net result€14,645--€3,157-€1,829▲ 42.1%€15,317€529▼ 96.5%-€11,125-€6,905▲ 37.9%-€7,208▼ 4.4%
Equity€390,715-€279,558▼ 28.4%€277,729▼ 0.7%€284,046▲ 2.3%€284,575▲ 0.2%€273,450▼ 3.9%€266,545▼ 2.5%€259,337▼ 2.7%
Total assets€404,848-€296,268▼ 26.8%€288,008▼ 2.8%€303,532▲ 5.4%€305,676▲ 0.7%€302,228▼ 1.1%€280,374▼ 7.2%€263,318▼ 6.1%
Debt€14,133-€16,710▲ 18.2%€10,279▼ 38.5%€19,486▲ 89.6%€21,101▲ 8.3%€28,778▲ 36.4%€13,829▼ 51.9%€3,981▼ 71.2%
Working capital€390,710-€279,664▼ 28.4%€277,724▼ 0.7%€284,289▲ 2.4%€284,570▲ 0.1%€273,484▼ 3.9%€266,540▼ 2.5%€259,337▼ 2.7%
The operating result for 2025 is a loss of €12,822, smaller than the loss of €15,426 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €263,318
Equity
€259,337 ▼ 2.7%
Debt
€3,981 ▼ 71.2%
Debt's share of the balance-sheet total falls from 4.9% to 1.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
66.14▲
2024 · 20.27
Debt to equity
0.02▼
2024 · 0.05
ROE
-2.8%▼
2024 · -2.6%
ROA
-2.7%▼
2024 · -2.5%
Debt ≤ 1 year
€3,981▼
2024 · €13,829
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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €367 | €190 | €233 | €213 | €197 | ▼ 7.5% |
| Gross operating margin9900 | €21,668 | -€1,391 | -€977 | €15,751 | €2,369 | -€11,221 | -€15,213 | -€12,625 | ▲ 17.0% |
| Operating profit (loss)9901 | €20,870 | -€2,389 | -€1,722 | €15,384 | €2,179 | -€11,454 | -€15,426 | -€12,822 | ▲ 16.9% |
| Financial income75/76B | - | - | - | - | - | €664 | €8,396 | €5,680 | ▼ 32.3% |
| Recurring financial income75 | - | - | - | - | - | €664 | €8,396 | €5,600 | ▼ 33.3% |
| Non-recurring financial income76B | - | - | - | - | - | €664 | - | €80 | - |
| Financial charges65/66B | - | - | - | €67 | €69 | €69 | €74 | €66 | ▼ 10.8% |
| Recurring financial charges65 | - | - | €107 | €67 | €69 | €69 | €74 | €66 | ▼ 10.8% |
| Non-recurring financial charges66B | - | - | - | - | €69 | €69 | - | - | - |
| Profit (loss) for the period before taxes9903 | €20,810 | -€2,389 | -€1,829 | €15,317 | €2,110 | -€10,859 | -€7,104 | -€7,208 | ▼ 1.5% |
| Income taxes67/77 | €6,165 | €768 | - | - | €1,581 | €266 | -€199 | - | - |
| Profit (loss) for the period9904 | €14,645 | -€3,157 | -€1,829 | €15,317 | €529 | -€11,125 | -€6,905 | -€7,208 | ▼ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €14,645 | -€3,157 | -€1,829 | €15,317 | €529 | -€11,125 | -€6,905 | -€7,208 | ▼ 4.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €404,848 | €296,268 | €288,008 | €303,532 | €305,676 | €302,228 | €280,374 | €263,318 | ▼ 6.1% |
| Fixed assets21/28 | €5 | €5 | €5 | €5 | €5 | €5 | €5 | - | - |
| Tangible fixed assets22/27 | - | €0 | €0 | - | €0 | €0 | - | - | - |
| Financial fixed assets28 | €5 | €5 | €5 | €5 | €5 | €5 | €5 | - | - |
| Current assets29/58 | €404,843 | €296,263 | €288,003 | €303,527 | €305,671 | €302,223 | €280,369 | €263,318 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €3,509 | - | - | - | €7,260 | €3,933 | €2,519 | €1,680 | ▼ 33.3% |
| Trade receivables40 | - | - | - | - | €7,260 | €3,933 | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €2,519 | €1,680 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €401,334 | €296,263 | €288,003 | €303,527 | €298,411 | €298,290 | €277,850 | €261,638 | ▼ 5.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €404,848 | €296,268 | €288,008 | €303,532 | €305,676 | €302,228 | €280,374 | €263,318 | ▼ 6.1% |
| Equity10/15 | €390,715 | €279,558 | €277,729 | €284,046 | €284,575 | €273,450 | €266,545 | €259,337 | ▼ 2.7% |
| Contributions10/11 | €126,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €48,893 | €48,893 | €48,893 | €48,893 | €48,893 | €48,893 | €48,893 | €48,893 | = |
| Non-distributable reserves130/1 | - | - | - | - | €10,045 | €10,045 | €10,045 | €10,045 | = |
| Reserves not available under the articles1311 | - | - | - | - | €10,045 | €10,045 | €10,045 | €10,045 | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €38,700 | - |
| Distributable reserves133 | - | - | - | €48,893 | €38,848 | €38,848 | €38,848 | €148 | ▼ 99.6% |
| Profit (loss) carried forward14 | €215,222 | €212,065 | €210,236 | €216,553 | €217,082 | €205,957 | €199,052 | €191,844 | ▼ 3.6% |
| Amounts payable17/49 | €14,133 | €16,710 | €10,279 | €19,486 | €21,101 | €28,778 | €13,829 | €3,981 | ▼ 71.2% |
| Amounts payable within one year42/48 | €14,133 | €16,599 | €10,279 | €19,238 | €21,101 | €28,739 | €13,829 | €3,981 | ▼ 71.2% |
| Trade debts44 | €1,145 | €3,686 | €274 | €146 | €1,117 | €844 | €30 | - | - |
| Suppliers440/4 | - | - | - | €146 | €1,117 | €844 | €30 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €828 | €1,783 | €609 | €263 | €848 | ▲ 222% |
| Taxes450/3 | - | - | - | €828 | €1,783 | €609 | €263 | €848 | ▲ 222% |
| Other amounts payable47/48 | - | - | - | €18,264 | €18,201 | €27,286 | €13,536 | €3,133 | ▼ 76.9% |
| Accrued charges and deferred income492/3 | - | - | - | €248 | - | €39 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,645 | -€3,157 | -€1,829 | €15,317 | €529 | -€11,125 | -€6,905 | -€7,208 | ▼ 4.4% |
| Operating cash flow (approximation) | €14,645 | -€3,157 | -€1,829 | €15,317 | €529 | -€11,125 | -€6,905 | -€7,208 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - | - |
| Change in cash | - | -€105,071 | -€8,260 | €15,524 | -€5,116 | -€121 | -€20,440 | -€16,212 | ▲ 20.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-02-2026 | 2026-00041481 | |
| 31-12-2024 | micro format | 16-08-2025 | 2025-00378289 | |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00344331 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00318900 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20291539 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48100022 | |
| 31-12-2019 | micro format | 17-08-2020 | 2020-41600305 | |
| 31-12-2018 | micro format | 14-08-2019 | 2019-46400209 | |
| 31-12-2017 | micro format | 27-06-2018 | 2018-25700400 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-26800031 |