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BUS DE POLDER

Active
Public limited companyfounded 1988active for 37 yearsGroenendaallaan 387, 2030 Antwerpen, BelgiumKBO/BCE: BE 0435.646.004
Summary

BUS DE POLDER has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54.4m and a net result of -€9.1m. Equity is shrinking by about 6.2% per year across the filed financial years. Its solvency ranks better than 16% of 1,054 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Non-scheduled passenger transport by road
NACE 49320
3rd largest company by total assets in the province of Antwerp, Land transport sector1 site
Size
€29.6mturnover 2025
Staff
170.6 FTE
Equity
€54.4m
Loss
-€9.1m
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Parent
InfraMobility · 100%
Holdings
26
  • HanseaDirector · permanent representative Joris Larosse
  • InfraMobilityDirector · permanent representative Joris Larosse
  • FidictumManaging director · permanent representative Dominique Waeytens
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESAccounts 29 days early
Why 69raises riskEquity €54.4m (11.9% of total assets)Sector: Land transport and transport via pipelines (NACE 49)Liquidity: current ratio 6.85, cash €16.2mLoss of €9.1m, the second in a row (financial year 2025)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 44% of its sector peers (NACE 49, medium-sized)
Financial strength · tick = 2024
Average
Solvency 37-6
equity 11.9% of total assets
Liquidity 54-3
short-term debt 5.8% · cash 3.5%
Profitability 47+20
return on assets -2.0%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (274 companies, NACE 49, medium-sized)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.5%● unchanged vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.1 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.6%▼ -0.1 percentage points vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit of up to €2,950,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.85, compared with 1.7 in 2024, above the usual 1.5; short-term debt: 5.8% and cash: 3.5% of total assets), but 88.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, medium-sized): better than 19% on solvency, 85% on liquidity, 21% on profitability and 50% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Equity €54.4m (11.9% of total assets)
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Liquidity: current ratio 6.85, cash €16.2m
NBB · annual accounts
raises risk · Loss of €9.1m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9.1m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1054 sector peers (2025).
NBB · sector comparison
Position among 1054 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
28 days early
2023
23 days early
2022
34 days early
2021
38 days early
2020
52 days early
2019
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Karolien Hulsbosch (day-to-day manager)Declaration · Power of attorney
  2. Annual accounts filedfinancial year 2025 · full…
  3. Permanent representative: Bruno HumbletPower of attorney

Key points

  • Risk: 7 loss-making years in a rowloss financial year 2025 -€9.1m View
  • Caution: Among the weakest 5% on net resultsector median €50,591 · 1,052 companies -€9.1m View
  • Controlled by InfraMobilityultimately: InfraMobility SARL BO 100% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • New directorlatest change 01-01-2026 · 3 in office 1 joined View
  • Positive: Result rose in 2025from -€12.5m to -€9.1m ▲ 27.5% View

By topic

Financials

Financial year
2025
Turnover
€29.6m
Loss
-€9.1m
Solvency
11.9%
Turnover▲ 12.4%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
InfraMobility · 100%
Auditor
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • HanseaDirector
  • InfraMobilityDirector
  • FidictumManaging director
Go to Board & ownership

Network & group

Group
InfraMobility SARL BO
Subsidiaries
26
Connected companies
7

26 subsidiaries

Go to Network & group

Timeline

Events
67
Since
1989
Next accounts
by 31-07-2027
  1. 31-12-2025Liquidity quadruples
  2. 03-07-2025Annual accounts filed
  3. 23-01-2025Appointment: BDO Bedrijfsrevisoren - BDO Reviseurs d'entreprises…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Non-scheduled passenger transport by roadNACE 49320
Founded
24-10-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“De uitbating, onder toezicht van het Ministerie van Verkeerswezen van het vervoer van…” (deed in Dutch)
Go to Articles of association

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