BUROTECH ENERGY
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 22-04-2026 PDF all 33 filings
Turnover
≈ €360,000
Estimated: probably between €240,000 and €750,000
EBIT margin
Not included in this filing
Net result
€25,876▲ 16.8%
2024 · €22,154
Working capital
€74,778▲ 8.5%
2024 · €68,894
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€28,055
▲ 14.1%
2025
20192025
Net result
€25,876
▲ 16.8%
2025
middle half of the sector
20192025
Equity
€75,809
▲ 8.4%
2025
middle half of the sector
20192025
Total assets
€132,700
▲ 26.0%
2025
lowest quarter of the sector
20192025
Debt
€56,892
▲ 60.7%
2025
20192025
Working capital
€74,778
▲ 8.5%
2025
middle half of the sector
20192025
Solvency
57.1%
▼ 9.3pp
2025
middle half of the sector
20192025
Current ratio
2.31
▼ 0.63
2025
middle half of the sector
20192025
Return on assets (ROA)
19.5%
▼ 1.5pp
2025
highest quarter of the sector
20192025
Staff (FTE)
1.8
=
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€5,923--€16,244€468€5,505▲ 12×€50,452▲ 816%€24,597▼ 51.2%€28,055▲ 14.1%
Net result€6,295--€16,276below the sector's middle half€91below the sector's middle half€5,284within the sector's middle half▲ 58×€49,212within the sector's middle half▲ 831%€22,154within the sector's middle half▼ 55.0%€25,876within the sector's middle half▲ 16.8%
Equity€9,468--€6,808below the sector's middle half-€6,717below the sector's middle half▲ 1.3%-€1,433below the sector's middle half▲ 78.7%€47,779within the sector's middle half€69,933within the sector's middle half▲ 46.4%€75,809within the sector's middle half▲ 8.4%
Total assets€49,519-€26,303below the sector's middle half▼ 46.9%€19,452below the sector's middle half▼ 26.0%€25,914below the sector's middle half▲ 33.2%€96,361below the sector's middle half▲ 272%€105,345below the sector's middle half▲ 9.3%€132,700below the sector's middle half▲ 26.0%
Debt€40,051-€33,111▼ 17.3%€26,169▼ 21.0%€27,348▲ 4.5%€48,582▲ 77.6%€35,412▼ 27.1%€56,892▲ 60.7%
Working capital€9,468--€6,868below the sector's middle half-€6,777below the sector's middle half▲ 1.3%-€1,493below the sector's middle half▲ 78.0%€45,935within the sector's middle half€68,894within the sector's middle half▲ 50.0%€74,778within the sector's middle half▲ 8.5%
Solvency19.1%--25.9%below the sector's middle half▼ 45.0pp-34.5%below the sector's middle half▼ 8.6pp-5.5%below the sector's middle half▲ 29.0pp49.6%within the sector's middle half▲ 55.1pp66.4%within the sector's middle half▲ 16.8pp57.1%within the sector's middle half▼ 9.3pp
Current ratio1.24-0.79below the sector's middle half▼ 0.440.74below the sector's middle half▼ 0.050.95below the sector's middle half▲ 0.201.95within the sector's middle half▲ 1.002.95within the sector's middle half▲ 1.002.31within the sector's middle half▼ 0.63
Return on assets (ROA)12.7%--61.9%below the sector's middle half▼ 74.6pp0.5%below the sector's middle half▲ 62.3pp20.4%above the sector's middle half▲ 19.9pp51.1%above the sector's middle half▲ 30.7pp21.0%above the sector's middle half▼ 30.0pp19.5%above the sector's middle half▼ 1.5pp
Staff (FTE)1within the sector's middle half1below the sector's middle half=1.1below the sector's middle half▲ 10.0%1.8below the sector's middle half▲ 63.6%1.8below the sector's middle half=1.8below the sector's middle half=
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 14% higher than in 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,700
Fixed assets
€1,030 ▼ 0.9%
Current assets
€131,670 ▲ 26.2%
Equity and liabilities €132,700
Equity
€75,809 ▲ 8.4%
Debt
€56,892 ▲ 60.7%
Debt's share of the balance-sheet total rises from 33.6% to 42.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,107▲
2024 · €25,401
Cash flow
€26,928▲
2024 · €22,958
Debt to equity
0.75▲
2024 · 0.51
ROE
34.1%▲
2024 · 31.7%
Interest coverage
15.40▲
2024 · 11.85
Debt ≤ 1 year
€56,892▲
2024 · €35,412
Income taxes
€289▼
2024 · €298
Staff costs
€130,166▲
2024 · €124,763
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 | 2 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | - | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1.8 | 1.8 | 1.8 |
| Average over the year, in full-time equivalents | 1.1 | 1.8 | 1.8 | 1.8 |
| On a permanent contract | 1 | 2 | 2 | 2 |
| Joined | 1 | 1 | - | - |
| Left | 1 | 0 | - | - |
| Training hours | - | 46 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,413 | - | €1,043 |
| Depreciation and write-downs of the year | - | €629 | €804 | €1,052 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,794 | €113,245 | €124,763 | €130,166 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €629 | €804 | €1,052 | ▲ 30.8% |
| Other operating charges640/8 | - | - | - | - | - | €443 | €231 | ▼ 47.9% |
| Gross operating margin9900 | €41,203 | €10,161 | €22,911 | €39,299 | €164,327 | €150,607 | €159,504 | ▲ 5.9% |
| Operating profit (loss)9901 | €5,923 | -€16,244 | €468 | €5,505 | €50,452 | €24,597 | €28,055 | ▲ 14.1% |
| Financial income75/76B | - | - | - | €1 | - | - | - | - |
| Recurring financial income75 | €579 | €3 | €8 | €1 | - | - | - | - |
| Financial charges65/66B | - | - | - | €70 | €1,011 | €2,144 | €1,890 | ▼ 11.8% |
| Recurring financial charges65 | €56 | €58 | €62 | €70 | €1,011 | €2,144 | €1,890 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | €6,445 | -€16,299 | €413 | €5,436 | €49,441 | €22,452 | €26,165 | ▲ 16.5% |
| Income taxes67/77 | €150 | -€23 | €322 | €153 | €229 | €298 | €289 | ▼ 3.0% |
| Profit (loss) for the period9904 | €6,295 | -€16,276 | €91 | €5,284 | €49,212 | €22,154 | €25,876 | ▲ 16.8% |
| Profit (loss) for the period to be appropriated9905 | €6,295 | -€16,276 | €91 | €5,284 | €49,212 | €22,154 | €25,876 | ▲ 16.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €49,519 | €26,303 | €19,452 | €25,914 | €96,361 | €105,345 | €132,700 | ▲ 26.0% |
| Fixed assets21/28 | - | €60 | €60 | €60 | €1,844 | €1,039 | €1,030 | ▼ 0.9% |
| Tangible fixed assets22/27 | - | - | - | - | €1,784 | €979 | €970 | ▼ 0.9% |
| Furniture and vehicles24 | - | - | - | - | €1,784 | €979 | €970 | ▼ 0.9% |
| Financial fixed assets28 | - | €60 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €49,519 | €26,243 | €19,392 | €25,854 | €94,518 | €104,306 | €131,670 | ▲ 26.2% |
| Amounts receivable within one year40/41 | €48,043 | €24,171 | €16,166 | €10,184 | €31,071 | €22,065 | €26,464 | ▲ 19.9% |
| Trade receivables40 | - | - | - | €6,186 | €27,074 | €18,068 | €22,466 | ▲ 24.3% |
| Other amounts receivable41 | - | - | - | €3,998 | €3,998 | €3,998 | €3,998 | = |
| Cash at bank and in hand54/58 | €1,476 | €2,045 | €3,145 | €15,641 | €63,420 | €82,202 | €105,114 | ▲ 27.9% |
| Deferred charges and accrued income490/1 | - | - | - | €30 | €26 | €39 | €92 | ▲ 140% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €49,519 | €26,303 | €19,452 | €25,914 | €96,361 | €105,345 | €132,700 | ▲ 26.0% |
| Equity10/15 | €9,468 | -€6,808 | -€6,717 | -€1,433 | €47,779 | €69,933 | €75,809 | ▲ 8.4% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | - | - | - | - | - | €7,959 | €13,835 | ▲ 73.8% |
| Distributable reserves133 | - | - | - | - | - | €7,959 | €13,835 | ▲ 73.8% |
| Profit (loss) carried forward14 | -€52,505 | -€68,782 | -€68,690 | -€63,407 | -€14,194 | - | - | - |
| Amounts payable17/49 | €40,051 | €33,111 | €26,169 | €27,348 | €48,582 | €35,412 | €56,892 | ▲ 60.7% |
| Amounts payable within one year42/48 | €40,051 | €33,111 | €26,169 | €27,348 | €48,582 | €35,412 | €56,892 | ▲ 60.7% |
| Trade debts44 | €9,074 | €19,410 | €5,995 | €1,464 | €1,905 | €10,124 | €10,502 | ▲ 3.7% |
| Suppliers440/4 | - | - | - | €1,464 | €1,905 | €10,124 | €10,502 | ▲ 3.7% |
| Taxes, remuneration and social security45 | - | - | - | €8,810 | €29,604 | €25,288 | €26,390 | ▲ 4.4% |
| Taxes450/3 | - | - | - | €2,224 | €9,714 | €8,448 | €8,168 | ▼ 3.3% |
| Remuneration and social security454/9 | - | - | - | €6,587 | €19,890 | €16,840 | €18,221 | ▲ 8.2% |
| Other amounts payable47/48 | - | - | - | €17,074 | €17,074 | - | €20,000 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,295 | -€16,276 | €91 | €5,284 | €49,212 | €22,154 | €25,876 | ▲ 16.8% |
| + Depreciation and write-downs630 | - | - | - | - | €629 | €804 | €1,052 | ▲ 30.8% |
| Operating cash flow (approximation) | €6,295 | -€16,276 | €91 | €5,284 | €49,842 | €22,958 | €26,928 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | -€2,413 | €0 | -€1,043 | - |
| Change in cash | - | €569 | €1,100 | €12,496 | €47,779 | €18,782 | €22,912 | ▲ 22.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as BUROTECH ENERGY has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BUROTECH ENERGY itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for BUROTECH ENERGY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 22-04-2026 | 2026-00084859 | |
| 30-09-2024 | full format | 27-04-2025 | 2025-00078131 | |
| 30-09-2023 | full format | 30-04-2024 | 2024-00081345 | |
| 30-09-2022 | full format | 26-04-2023 | 2023-00066592 | |
| 30-09-2021 | full format | 31-03-2022 | 2022-09600451 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-12200440 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11100241 | |
| 30-09-2018 | micro format | 26-04-2019 | 2019-11000396 | |
| 30-09-2017 | micro format | 27-03-2018 | 2018-08000280 | |
| 30-09-2016 | full format | 30-03-2017 | 2017-08500228 |