BUROKO
ActiveSummary
The computed 12-month bankruptcy probability of BUROKO is 1.8% (moderate). The 2025 annual accounts show negative equity (-€5,076) and a net result of -€5,263. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 969 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-80
Solvency12▼-13
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.73 in 2024; short-term debt: 99.7% and cash: 25.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-13.1%
Return on assets
-13.6%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€5,076
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
100 d early
2023
69 d early
2022
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€5,076
2024 · €186
Total assets
€38,678▼ 10.3%
2024 · €43,108
Net result
-€5,263
2024 · €8,816
Working capital
-€17,253▼ 60.1%
2024 · -€10,776
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€6,388--€11,158€11,784-€3,144
Net result€3,252within the sector's middle half--€11,883below the sector's middle half€8,816within the sector's middle half-€5,263below the sector's middle half
Equity€3,253below the sector's middle half--€8,630below the sector's middle half€186below the sector's middle half-€5,076below the sector's middle half
Total assets€43,063below the sector's middle half-€39,468below the sector's middle half▼ 8.3%€43,108below the sector's middle half▲ 9.2%€38,678below the sector's middle half▼ 10.3%
Debt€39,809-€48,098▲ 20.8%€42,921▼ 10.8%€43,754▲ 1.9%
Working capital-€17,874--€24,469▼ 36.9%-€10,776▲ 56.0%-€17,253▼ 60.1%
Solvency7.6%below the sector's middle half--21.9%below the sector's middle half▼ 29.4pp0.4%below the sector's middle half▲ 22.3pp-13.1%below the sector's middle half▼ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,144 after €11,784 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,678
Fixed assets
€17,378 ▲ 19.4%
Current assets
€21,300 ▼ 25.4%
Key figures and ratios
EBITDA
€1,938▼
2024 · €18,478
Cash flow
-€180▼
2024 · €15,511
Current ratio
0.55▼
2024 · 0.73
Debt to equity
-8.62
ROA
-13.6%▼
2024 · 20.5%
Interest coverage
1.53▼
2024 · 22.33
Debt ≤ 1 year
€38,553▼
2024 · €39,335
Debt > 1 year
€5,200▲
2024 · €3,587
Income taxes
€853▼
2024 · €2,140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 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 6,035 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,789 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,622 | €7,831 | €6,695 | €5,082 | ▼ 24.1% |
| Other operating charges640/8 | €3,593 | €1,046 | €1,108 | €1,155 | ▲ 4.3% |
| Gross operating margin9900 | €20,603 | -€2,282 | €19,586 | €3,093 | ▼ 84.2% |
| Operating profit (loss)9901 | €6,388 | -€11,158 | €11,784 | -€3,144 | ▼ 127% |
| Financial income75/76B | €1 | €0 | €0 | €1 | - |
| Recurring financial income75 | €1 | €0 | €0 | €1 | - |
| Financial charges65/66B | €163 | €397 | €828 | €1,266 | ▲ 53.0% |
| Recurring financial charges65 | €163 | €397 | €828 | €1,266 | ▲ 53.0% |
| Profit (loss) for the period before taxes9903 | €6,226 | -€11,555 | €10,956 | -€4,410 | ▼ 140% |
| Income taxes67/77 | €2,973 | €328 | €2,140 | €853 | ▼ 60.1% |
| Profit (loss) for the period9904 | €3,252 | -€11,883 | €8,816 | -€5,263 | ▼ 160% |
| Profit (loss) for the period to be appropriated9905 | €3,252 | -€11,883 | €8,816 | -€5,263 | ▼ 160% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €43,063 | €39,468 | €43,108 | €38,678 | ▼ 10.3% |
| Fixed assets21/28 | €21,127 | €19,810 | €14,549 | €17,378 | ▲ 19.4% |
| Tangible fixed assets22/27 | €21,127 | €19,810 | €14,549 | €17,378 | ▲ 19.4% |
| Plant, machinery and equipment23 | €1,836 | €0 | - | €2,102 | - |
| Furniture and vehicles24 | €19,291 | €19,810 | €14,549 | €8,026 | ▼ 44.8% |
| Other tangible fixed assets26 | - | - | - | €7,250 | - |
| Current assets29/58 | €21,935 | €19,658 | €28,559 | €21,300 | ▼ 25.4% |
| Amounts receivable within one year40/41 | €7,430 | €11,910 | €12,155 | €10,361 | ▼ 14.8% |
| Trade receivables40 | €7,430 | €11,910 | €12,155 | €6,397 | ▼ 47.4% |
| Other amounts receivable41 | - | - | - | €3,963 | - |
| Cash at bank and in hand54/58 | €12,339 | €4,333 | €16,404 | €9,874 | ▼ 39.8% |
| Deferred charges and accrued income490/1 | €2,166 | €3,415 | €0 | €1,065 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €43,063 | €39,468 | €43,108 | €38,678 | ▼ 10.3% |
| Equity10/15 | €3,253 | -€8,630 | €186 | -€5,076 | ▼ 2,825% |
| Contributions10/11 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €3,252 | €0 | €185 | €185 | = |
| Distributable reserves133 | €3,252 | €0 | €185 | €185 | = |
| Profit (loss) carried forward14 | - | -€8,631 | €0 | -€5,263 | - |
| Amounts payable17/49 | €39,809 | €48,098 | €42,921 | €43,754 | ▲ 1.9% |
| Amounts payable after more than one year17 | - | €3,971 | €3,587 | €5,200 | ▲ 45.0% |
| Financial debts170/4 | - | €3,971 | €3,587 | €5,200 | ▲ 45.0% |
| Amounts payable within one year42/48 | €39,809 | €44,127 | €39,335 | €38,553 | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €2,217 | €1,632 | €2,623 | ▲ 60.7% |
| Trade debts44 | €2,026 | €8,421 | €564 | €1,384 | ▲ 146% |
| Suppliers440/4 | €2,026 | €8,421 | €564 | €1,384 | ▲ 146% |
| Advances received on contracts in progress46 | - | €500 | €0 | - | - |
| Taxes, remuneration and social security45 | €8,834 | €1,074 | €4,048 | €0 | ▼ 100% |
| Taxes450/3 | €7,334 | €1,074 | €4,048 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €1,500 | €0 | - | - | - |
| Other amounts payable47/48 | €28,949 | €31,914 | €33,091 | €34,546 | ▲ 4.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,252 | -€11,883 | €8,816 | -€5,263 | ▼ 160% |
| + Depreciation and write-downs630 | €10,622 | €7,831 | €6,695 | €5,082 | ▼ 24.1% |
| Operating cash flow (approximation) | €13,874 | -€4,052 | €15,511 | -€180 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€6,514 | -€1,433 | -€7,911 | ▼ 452% |
| Change in cash | - | -€8,007 | €12,071 | -€6,529 | ▼ 154% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €8,816
Net result €8,816 after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€11,883
Net result drops to -€11,883, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 2021
Ground area
170 m²
Building footprint
79 m²
Volume, LiDAR
741 m³
Parcel 35383C0344/00X000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BUROKO
since 20212.321.736.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0344/00X000 | Flanders | 170 m² | 1 · 79 m² | 11.9 m · 3 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.
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Of 2,856 companies in sector 18130 we hold annual accounts for 832. 21 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
Founded02-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
18130Pre-press and pre-media services
74120Graphic design and visual communication
74140Other specialised design activities
74201Photography, excluding press photography
74209Other photographic activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773445930
Also
9925:BE0773445930
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.