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BUS STORE

Active
Private limited companyfounded 2024active for 2 yearsZone art. de la Rivièrette(SG) 38, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 1011.471.359

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 22-06-2026 at the NBB

Equity
-€102,540
Total assets
€639,882
Net result
-€112,540
Working capital
-€435,480

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
Assets €639,882
Fixed assets €632,940
Current assets €6,942
Equity and liabilities
Equity-€102,540
Debt€742,422
Equity is negative. Debt (€742,422) exceeds the balance-sheet total (€639,882).
Key figures and ratios
2025 value
EBITDA
-€2,405
Cash flow
-€28,654
Solvency
-16.0%
Current ratio
0.02
ROA
-17.6%
Interest coverage
-0.09
Debt
€742,422
Debt ≤ 1 year
€442,422
Debt > 1 year
€300,000
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Comparable companies

These companies have the same main activity as BUS STORE: retail trade (NACE 47812). They are comparable in size and age: total assets between €97,600 and €1.1m, founded between 2020 and 2024.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
BUS STORE Saint-Ghislain2024€0.6m-€0.1m-€0.002m--€0.1m-2025
BIP MOBIL Waremme2023€1.1m€0.001m-€0.1m--€0.3m-2025
Time 2 Drive Wavre2023€0.4m-€0.01m-€0.03m€1.3m-€0.05m-2025
ALLESKOEL Oudsbergen2022€0.4m-€0.07m-€0.04m--€0.09m-2025
Urbano Motorhomes Aarschot Temse2021€0.7m€0.1m-€1.6m€0.008m17.72025
YD Trading Ravels2024€0.2m-€0.02m€0.01m--€0.02m-2024
BELUX GROUP Antwerpen2020€0.1m-€0.001m-€0.03m--€0.04m-2025

They were chosen from the 199 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 490 companies had the same profile as BUS STORE has now. Two years later, 6.7% had gone bankrupt and 88.8% were still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
6.7% went bankrupt
3.9% stopped otherwise
88.8% was still going

Another 0.6% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of BUS STORE itself: 1.9% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 490 companies, not a prediction for BUS STORE. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 25 lines

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€639,882
Fixed assets21/28€632,940
Tangible fixed assets22/27€632,940
Land and buildings22€632,940
Current assets29/58€6,942
Cash at bank and in hand54/58€6,942
Equity and liabilities
Total equity and liabilities10/49€639,882
Equity10/15-€102,540
Contributions10/11€10,000
Profit (loss) carried forward14-€112,540
Amounts payable17/49€742,422
Amounts payable after more than one year17€300,000
Financial debts170/4€300,000
Amounts payable within one year42/48€442,422
Current portion of amounts payable after more than one year42€100,000
Other amounts payable47/48€342,422
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83,886
Gross operating margin9900-€2,405
Operating profit (loss)9901-€86,290
Financial charges65/66B€26,249
Recurring financial charges65€26,249
Profit (loss) for the period before taxes9903-€112,540
Profit (loss) for the period9904-€112,540
Profit (loss) for the period to be appropriated9905-€112,540
Appropriation of the result
Profit (loss) to be appropriated9906-€112,540

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83,886
Gross operating margin9900-€2,405
Operating profit (loss)9901-€86,290
Financial charges65/66B€26,249
Recurring financial charges65€26,249
Profit (loss) for the period before taxes9903-€112,540
Profit (loss) for the period9904-€112,540
Profit (loss) for the period to be appropriated9905-€112,540
Line2025
Assets
Total assets20/58€639,882
Fixed assets21/28€632,940
Tangible fixed assets22/27€632,940
Land and buildings22€632,940
Current assets29/58€6,942
Cash at bank and in hand54/58€6,942
Equity and liabilities
Total equity and liabilities10/49€639,882
Equity10/15-€102,540
Contributions10/11€10,000
Profit (loss) carried forward14-€112,540
Amounts payable17/49€742,422
Amounts payable after more than one year17€300,000
Financial debts170/4€300,000
Amounts payable within one year42/48€442,422
Current portion of amounts payable after more than one year42€100,000
Other amounts payable47/48€342,422
Line2025
Profit (loss) for the period9904-€112,540
+ Depreciation and write-downs630€83,886
Operating cash flow (approximation)-€28,654

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 22-06-2026 2026-00185620 NBB

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