BUSCH
ActiveSummary
BUSCH has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.1m and a net result of €881,985. Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 82% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-07-1990 Normal situation
- Activity
- Wholesale trade NACE 46645and 1 other
- Joint committees
- 149.04 Paritair Subcomité voor de metaalhandel
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.052.648.573 9160 Lokeren, since 30-08-1990
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Dirk StrypsteenManaging director
- Kaya BuschDirector
- Sami BuschDirector
- Auditor
- VGD Bedrijfsrevisoren
Shareholders
- BUSCH BVconsolidatesannual accounts 2025
- BUSCH SEconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Turnover
- €9.5m
- ▲ 0.9%
- Profit
- €881,985
- ▲ 3.3%
- Equity
- €4.1m
- ▼ 21.6%
- Total assets
- €5.4m
- ▼ 15.3%
- Employees on 31-12-2025
- 32
- ▼ 3.0%
Score breakdownlowers riskLiquidity: current ratio 3.61, cash €1.7mFounded in 1990Equity €4.1m (75.8% of total assets)Profit of €881,985 (financial year 2025)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 76% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 75.8% of total assets
Liquidity
80+22
short-term debt 24.0% · cash 30.8%
Profitability
85+3
return on assets 16.4%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025highest value
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025highest value
09-2025: < 0.1%● unchanged vs 08-2025highest value
10-2025: < 0.1%● unchanged vs 09-2025highest value
11-2025: < 0.1%● unchanged vs 10-2025highest value
12-2025: < 0.1%● unchanged vs 11-2025highest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €390,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.61 (4.93 in 2024), above the usual 1.5. Short-term debt is 24% and cash 30.8% of total assets. 24.2% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 46, small). It does better than 92% of them on solvency, 93% on liquidity, 89% on profitability and 30% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 days early
2024
94 days early
2023
79 days early
2022
94 days early
2021
137 days early
2020
142 days early
2019
114 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 107 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 28 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 30-04-2026 PDF all 36 filings
Turnover
€9.5m▲ 0.9%
2024 · €9.4m
EBIT margin
12.8%▲ 0.3pp
2024 · 12.5%
Net result
€881,985▲ 3.3%
2024 · €853,813
Working capital
€3.4m▼ 24.6%
2024 · €4.5m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 3% higher than in 2024. It is a recovery after the fall in 2024.
Turnover€9.5m
2025
Operating result€1.2m
2025
Net result€0.9m
2025
Total assets€5.4m
2025
Equity€4.1m
2025
Debt€1.3m
2025
Working capital€3.4m
2025
EBIT margin12.8%
2025
Return on assets (ROA)16.4%
2025
Solvency75.8%
2025
Current ratio3.61
2025
Staff (FTE)29.2
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€9.4m-€7.6m▼ 18.7%€7.4m▼ 2.7%€6.6m▼ 10.6%€8.1m▲ 23.2%€9.6m▲ 17.4%€9.4m▼ 2.0%€9.5m▲ 0.9%
Operating result€1.1m-€0.7m▼ 36.3%€0.9m▲ 23.4%€0.7m▼ 22.1%€1.1m▲ 68.7%€1.5m▲ 34.5%€1.2m▼ 24.0%€1.2m▲ 3.1%
Net result€0.8m-€0.5m▼ 36.2%€0.6mabove the sector's middle half▲ 30.4%€0.5mwithin the sector's middle half▼ 25.2%€0.8mabove the sector's middle half▲ 74.3%€1.1mabove the sector's middle half▲ 36.5%€0.9mabove the sector's middle half▼ 24.8%€0.9mabove the sector's middle half▲ 3.3%
EBIT margin11.8%-9.3%▼ 2.6pp11.8%▲ 2.5pp10.3%▼ 1.5pp14.1%▲ 3.8pp16.1%▲ 2.0pp12.5%▼ 3.6pp12.8%▲ 0.3pp
Equity€4.3m-€4.8m▲ 11.4%€4.4mabove the sector's middle half▼ 7.6%€4.9mabove the sector's middle half▲ 10.8%€4.7mabove the sector's middle half▼ 3.5%€4.4mwithin the sector's middle half▼ 7.8%€5.2mwithin the sector's middle half▲ 19.6%€4.1mwithin the sector's middle half▼ 21.6%
Total assets€4.9m-€5.4m▲ 8.9%€5.1mwithin the sector's middle half▼ 4.8%€5.6mwithin the sector's middle half▲ 9.4%€5.9mwithin the sector's middle half▲ 4.1%€5.4mwithin the sector's middle half▼ 7.4%€6.4mwithin the sector's middle half▲ 17.5%€5.4mwithin the sector's middle half▼ 15.3%
Debt€0.6m-€0.6m▼ 8.1%€0.7m▲ 18.0%€0.7m▲ 0.5%€1.1m▲ 57.5%€1.0m▼ 6.0%€1.1m▲ 8.8%€1.3m▲ 13.3%
Working capital€3.7m-€4.2m▲ 13.7%€3.9mabove the sector's middle half▼ 6.9%€4.4mabove the sector's middle half▲ 13.0%€4.2mabove the sector's middle half▼ 2.9%€3.7mabove the sector's middle half▼ 12.0%€4.5mabove the sector's middle half▲ 19.8%€3.4mwithin the sector's middle half▼ 24.6%
Solvency86.8%-88.8%▲ 2.0pp86.1%above the sector's middle half▼ 2.7pp87.2%above the sector's middle half▲ 1.1pp80.8%above the sector's middle half▼ 6.4pp80.4%above the sector's middle half▼ 0.3pp81.9%above the sector's middle half▲ 1.5pp75.8%above the sector's middle half▼ 6.1pp
Current ratio6.65-7.98▲ 1.336.50above the sector's middle half▼ 1.487.19above the sector's middle half▲ 0.694.81above the sector's middle half▼ 2.374.57above the sector's middle half▼ 0.244.93above the sector's middle half▲ 0.363.61above the sector's middle half▼ 1.32
Return on assets (ROA)15.5%-9.1%▼ 6.4pp12.4%above the sector's middle half▲ 3.3pp8.5%within the sector's middle half▼ 3.9pp14.2%above the sector's middle half▲ 5.7pp21.0%above the sector's middle half▲ 6.7pp13.4%above the sector's middle half▼ 7.5pp16.4%above the sector's middle half▲ 2.9pp
Staff (FTE)22.1-22.8▲ 3.2%24.2within the sector's middle half▲ 6.1%21.9within the sector's middle half▼ 9.5%23.4within the sector's middle half▲ 6.8%26.9within the sector's middle half▲ 15.0%29.3above the sector's middle half▲ 8.9%29.2above the sector's middle half▼ 0.3%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€721,519 ▼ 2.8%
Current assets
€4.7m ▼ 16.9%
Equity and liabilities €5.4m
Equity
€4.1m ▼ 21.6%
Provisions
€13,733 ▲ 18.8%
Debt
€1.3m ▲ 13.3%
Debt's share of the balance-sheet total rises from 17.9% to 24.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.3m
Cash flow
€1.0m▲
2024 · €982,135
Quick ratio
2.71▼
2024 · 3.86
Debt to equity
0.32▲
2024 · 0.22
ROE
21.6%▲
2024 · 16.4%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€1.3m▲
2024 · €1.1m
Income taxes
€323,620▲
2024 · €313,006
Customer credit
69 days▲
2024 · 66 days
Supplier credit
68 days▲
2024 · 62 days
Staff costs
€2.7m▲
2024 · €2.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 30 | 30 | 33 | 32 |
| full-time | 21 | 20 | 24 | 22 |
| part-time | 9 | 10 | 9 | 10 |
| in full-time equivalents | 27.5 | 27.2 | 30.1 | 29 |
| Average over the year, in full-time equivalents | 23.4 | 26.9 | 29.3 | 29.2 |
| On a permanent contract | - | 30 | 33 | 32 |
| Joined | 12 | 5 | 6 | 7 |
| Left | 5 | 5 | 3 | 8 |
| Agency workers, average number | 2.3 | 1.4 | 1.5 | 1.2 |
| Training hours | 223 | 390 | 781 | 439 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €272,683 | €272,683 | €272,683 | €272,683 |
| Mortgage mandates | €136,341 | €136,341 | €136,341 | €136,341 |
| Carrying value of the mortgaged assets | - | €188,730 | €170,571 | €142,500 |
| Pledge on the business | €381,756 | €381,756 | €381,756 | €381,756 |
| Mandates to pledge the business | €136,341 | €136,341 | €136,341 | €136,341 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €63,054 | €247,367 | €232,843 | €93,477 |
| Intangible fixed assets | - | €8,456 | €7,718 | €44,903 |
| Depreciation and write-downs of the year | €104,808 | €114,842 | €128,322 | €158,910 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fee for the audit | €11,604 | €14,305 | €14,500 | €14,958 |
| Other work by the auditor | €2,878 | €3,048 | €3,031 | €2,764 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €7,027 awarded · €7,063 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,249 | €2,249 |
| 2024 | 1 | €2,880 | €2,880 |
| 2023 | 1 | €1,550 | €1,586 |
| 2022 | 1 | €348 | €348 |
Public contracts
3 awards · 2026
Fourniture de gestion du vide: Lot 1 - Pumping system
Fourniture de gestion du vide: Lot 2 - Pressure measurement
Fourniture de gestion du vide: Lot 5 - Stainless steel flange
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €8.2m | €9.6m | €9.4m | €9.5m | ▲ 1.1% |
| Turnover70 | €9.4m | €7.6m | €7.4m | €6.6m | €8.1m | €9.6m | €9.4m | €9.5m | ▲ 0.9% |
| Other operating income74 | - | - | - | - | €0.04m | €0.05m | €0.05m | €0.05m | ▲ 12.6% |
| Non-recurring operating income76A | - | - | - | - | - | €0.005m | €0.004m | €0.01m | ▲ 270% |
| Operating charges60/66A | - | - | - | - | €7.0m | €8.1m | €8.2m | €8.3m | ▲ 0.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €4.0m | €4.6m | €4.3m | €4.4m | ▲ 0.4% |
| Purchases600/8 | - | - | - | - | €4.3m | €4.9m | €4.5m | €4.3m | ▼ 4.0% |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€0.3m | -€0.3m | -€0.1m | €0.05m | - |
| Services and other goods61 | - | - | - | - | €0.9m | €1.0m | €1.1m | €1.1m | ▼ 6.6% |
| Remuneration, social security and pensions62 | - | - | - | - | €2.0m | €2.4m | €2.6m | €2.7m | ▲ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.006m | €0.02m | €0.04m | €0.004m | ▼ 90.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€0.002m | €0.001m | -€445 | €0.002m | - |
| Other operating charges640/8 | - | - | - | - | €0.04m | €0.01m | €0.03m | €0.02m | ▼ 42.0% |
| Operating profit (loss)9901 | €1.1m | €0.7m | €0.9m | €0.7m | €1.1m | €1.5m | €1.2m | €1.2m | ▲ 3.1% |
| Financial income75/76B | - | - | - | - | €97 | €98 | €0.006m | €0.009m | ▲ 48.0% |
| Recurring financial income75 | €0.001m | €0.004m | €0.006m | €128 | €97 | €98 | €0.006m | €0.009m | ▲ 48.0% |
| Income from financial fixed assets750 | - | - | - | - | - | - | €0.006m | €0.008m | ▲ 34.8% |
| Income from current assets751 | - | - | - | - | €4 | €78 | €1 | €0.001m | ▲ 2,032× |
| Other financial income752/9 | - | - | - | - | €93 | €20 | €167 | €29 | ▼ 82.8% |
| Financial charges65/66B | - | - | - | - | €0.02m | €0.01m | €0.009m | €0.01m | ▲ 8.0% |
| Recurring financial charges65 | €0.007m | €0.01m | €0.02m | €0.03m | €0.02m | €0.01m | €0.009m | €0.01m | ▲ 8.0% |
| Debt charges650 | €125 | €56 | €0.008m | €0.02m | €0.01m | €1 | €13 | €27 | ▲ 107% |
| Other financial charges652/9 | - | - | - | - | €0.009m | €0.01m | €0.009m | €0.01m | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €1.1m | €0.7m | €0.9m | €0.7m | €1.1m | €1.5m | €1.2m | €1.2m | ▲ 3.3% |
| Income taxes67/77 | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | ▲ 3.4% |
| Taxes670/3 | - | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | ▲ 3.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.003m | €0.003m | €0 | - | - |
| Profit (loss) for the period9904 | €0.8m | €0.5m | €0.6m | €0.5m | €0.8m | €1.1m | €0.9m | €0.9m | ▲ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.5m | €0.6m | €0.5m | €0.8m | €1.1m | €0.9m | €0.9m | ▲ 3.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.9m | €5.4m | €5.1m | €5.6m | €5.9m | €5.4m | €6.4m | €5.4m | ▼ 15.3% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | ▼ 2.8% |
| Intangible fixed assets21 | €0.02m | €0.01m | €0.009m | €0.006m | €0.002m | €0.009m | €0.01m | €0.06m | ▲ 275% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | ▼ 8.5% |
| Land and buildings22 | - | - | - | - | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 8.1% |
| Plant, machinery and equipment23 | - | - | - | - | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 4.1% |
| Furniture and vehicles24 | - | - | - | - | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 10.8% |
| Current assets29/58 | €4.3m | €4.8m | €4.6m | €5.1m | €5.4m | €4.8m | €5.6m | €4.7m | ▼ 16.9% |
| Stocks and contracts in progress3 | €0.7m | €0.8m | €0.7m | €0.5m | €0.8m | €1.0m | €1.2m | €1.2m | ▼ 4.3% |
| Stocks30/36 | - | - | - | - | €0.8m | €1.0m | €1.2m | €1.2m | ▼ 4.3% |
| Goods purchased for resale34 | - | - | - | - | €0.8m | €1.0m | €1.2m | €1.2m | ▼ 4.3% |
| Amounts receivable within one year40/41 | €1.7m | €1.4m | €1.2m | €1.4m | €1.6m | €1.7m | €3.7m | €1.8m | ▼ 51.2% |
| Trade receivables40 | - | - | - | - | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 5.5% |
| Other amounts receivable41 | - | - | - | - | €0.001m | €0.007m | €2.0m | €0.01m | ▼ 99.5% |
| Cash at bank and in hand54/58 | €2.0m | €2.6m | €2.6m | €3.1m | €2.9m | €2.0m | €0.7m | €1.7m | ▲ 147% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.008m | €0.03m | €0.02m | €0.04m | ▲ 64.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.9m | €5.4m | €5.1m | €5.6m | €5.9m | €5.4m | €6.4m | €5.4m | ▼ 15.3% |
| Equity10/15 | €4.3m | €4.8m | €4.4m | €4.9m | €4.7m | €4.4m | €5.2m | €4.1m | ▼ 21.6% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.1m | €1.1m | €1.6m | €1.6m | €0.6m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | - | €0.6m | €0 | - | - | - |
| Profit (loss) carried forward14 | €3.0m | €3.5m | €2.7m | €3.1m | €4.0m | €4.2m | €5.0m | €3.9m | ▼ 22.5% |
| Provisions and deferred taxes16 | €0.003m | €0.008m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 18.8% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 18.8% |
| Other liabilities and charges164/5 | - | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 18.8% |
| Amounts payable17/49 | €0.6m | €0.6m | €0.7m | €0.7m | €1.1m | €1.0m | €1.1m | €1.3m | ▲ 13.3% |
| Amounts payable after more than one year17 | €0.001m | €434 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.7m | €0.7m | €1.1m | €1.0m | €1.1m | €1.3m | ▲ 13.3% |
| Trade debts44 | €0.5m | €0.4m | €0.5m | €0.5m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 9.5% |
| Suppliers440/4 | - | - | - | - | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 9.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 20.3% |
| Taxes450/3 | - | - | - | - | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 51.6% |
| Remuneration and social security454/9 | - | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 3.7% |
| Other amounts payable47/48 | - | - | - | - | €21 | €0.002m | €123 | €315 | ▲ 156% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | €0.5m | €0.6m | €0.5m | €0.8m | €1.1m | €0.9m | €0.9m | ▲ 3.3% |
| + Depreciation and write-downs630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 23.8% |
| Operating cash flow (approximation) | €0.9m | €0.6m | €0.8m | €0.6m | €0.9m | €1.3m | €1.0m | €1.0m | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.04m | -€0.1m | -€0.06m | -€0.3m | -€0.2m | -€0.1m | ▲ 42.7% |
| Change in cash | - | €0.6m | €0.07m | €0.5m | -€0.2m | -€0.9m | -€1.4m | €1.0m | - |
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, 20,136 companies had the same profile as BUSCH has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of BUSCH 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 20,136 companies, not a prediction for BUSCH. 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 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-04-2026 | 2026-00100653 | |
| 31-12-2024 | full format | 28-04-2025 | 2025-00083198 | |
| 31-12-2023 | full format | 13-05-2024 | 2024-00088132 | |
| 31-12-2022 | full format | 28-04-2023 | 2023-00082537 | |
| 31-12-2021 | full format | 16-03-2022 | 2022-08300491 | |
| 31-12-2020 | full format | 11-03-2021 | 2021-07400404 | |
| 31-12-2019 | full format | 08-04-2020 | 2020-08900398 | |
| 31-12-2018 | full format | 11-04-2019 | 2019-09800384 | |
| 31-12-2017 | full format | 16-04-2018 | 2018-10100139 | |
| 31-12-2016 | full format | 10-04-2017 | 2017-09100569 |
Board & ownership
Directors
Directors
2 directors, 1 in day-to-day management, last change in 2023
Board 2
Kaya Busch
Current
Director · appointed in the act of 18-08-2023 · 6-year term from 2023
Sami Busch
Current
Director · appointed in the act of 18-08-2023 · 6-year term from 2023
Day-to-day management 1
Dirk Strypsteen
Current
Managing director · in office according to the act of 05-05-2022 · 6-year term from 2022
Statutory auditor 1
VGD Bedrijfsrevisoren
Current
Statutory auditor · appointed in the act of 05-06-2024 · 3-year term from 2024 · permanent representative: Jurgen Lelie
Owners and capital
Shareholders
2 ownersChain of control
- BUSCH SEDE
- BUSCH BVNL
- BUSCH
Owners 2
- BUSCH BVNLconsolidating parentconsolidates
- BUSCH SEDEconsolidating parentconsolidates
Capital transactions
Capital over time
- 31-01-2024 Capital stated in the deed · €180,962.27
Mandate history
6 people, 4 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Kaya Busch |
|
| Sami Busch |
|
| Dirk Strypsteen |
|
| VGD Bedrijfsrevisoren |
|
| Ayhan Busch (Gokay) |
|
| Karl Busch |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Raad van bestuur, raad kan voorzitter benoemen onder leden;bij ontstentenis of afwezigheid waargenomen door bestuurder aangeduid onder…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Te allen tijde door besluit algemene vergadering beraadslagend op wijze door wet vereist, ontbonden in bij wet bepaalde gevallen”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle machten artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, algemene vergadering kan te allen tijde…”
Articles of association, deed of 31-01-2024 (in Dutch)
Network & group
Connections & network
2 current directorsThe network starts from the directors of BUSCH. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-04
full format · 92 days before the deadline
2025
28-04
full format · 94 days before the deadline
2024
31-12
Financial
Equity above €5mequity €5.2m ▲19.6%
With a profit in every financial year since 2018, equity grows to €5.2m.
05-06
Gazette deed
Reappointment: VGD bedrijfsrevisoren (statutory auditor)2 points ▸
Gazette deed
Reappointment: VGD bedrijfsrevisoren (statutory auditor)
2 points ▸
- General meeting, 22-03-2024
- Auditor reappointment, VGD bedrijfsrevisoren (statutory auditor)
13-05
full format · 79 days before the deadline
31-01
Gazette deed
Capital & shares · Purpose · Amendment of the articlesPurpose change · Capital4 points ▸
Gazette deed
Capital & shares · Purpose · Amendment of the articles
Purpose change · Capital4 points ▸
- General meeting, 21-12-2023
- Purpose change
- Capital, €180,962.27, mentioned 2 times in the deed
- Amendment of the articles
2023
31-12
Financial
Highest result from 2018 to 2025net €1.1m ▲36.5%
The operating result of €1.5m and the net result of €1.1m are both a record.
18-08
Gazette deed
Resignations: Karl Busch (director) and Ayhan Busch (Gokay) (director)Appointments: Sami Busch (director) and Kaya Busch (director)5 points ▸
Gazette deed
Resignations: Karl Busch (director) and Ayhan Busch (Gokay) (director)
Appointments: Sami Busch (director) and Kaya Busch (director)5 points ▸
- General meeting, 24-03-2023
- Director resignation, Karl Busch (director)
- Director resignation, Ayhan Busch (Gokay) (director)
- Director appointment, Sami Busch (director)
- Director appointment, Kaya Busch (director)
28-04
full format · 94 days before the deadline
2022
05-05
Gazette deed
Reappointment: Dirk Strypsteen (managing director)Appointment: Dirk Strypsteen (managing director)4 points ▸
Gazette deed
Reappointment: Dirk Strypsteen (managing director)
Appointment: Dirk Strypsteen (managing director)4 points ▸
- General meeting, 11-02-2022
- Director reappointment, Dirk Strypsteen (managing director)
- Board meeting, 11-02-2022
- Director appointment, Dirk Strypsteen (managing director)
16-03
full format · 137 days before the deadline
2021
31-12
Financial
Weakest financial yearnet €477,281 ▼25.2%
The net result drops to €477,281, the lowest from 2018 to 2025. It recovers the following year.
Show earlier events
11-03
full format · 142 days before the deadline
2020
08-04
full format · 114 days before the deadline
2019
11-04
full format · 111 days before the deadline
2018
16-04
full format · 106 days before the deadline
2017
10-04
full format · 112 days before the deadline
1990
03-08
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
BUSCH in Dutch
Enterprise number
0441.222.415
Legal form
Public limited company
Status
Active, normale toestand
Founded
13-07-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-01-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 31-01-2024 (in Dutch)Registered office and establishments
Registered office
Kruinstraat 7, 9160 Lokeren, Belgium
Establishment unit
BUSCH, Kruinstraat 7, 9160 Lokeren since 30-08-1990 · unit number 2.052.648.5732813001 Manufacture of machinery and equipment not elsewhere classified
Activities
NACEBEL 2025VAT activities
46645
Wholesale trade main activity
Social security (RSZ) activities
46643
Wholesale of electrical equipment, including installation materials main activity
Codes under NACEBEL 2008
VAT activities
46695
Wholesale trade main activity
Social security (RSZ) activities
46693
Wholesale trade main activity
Codes under NACEBEL 2003
51871
main activity
Joint committees
149.04 Paritair Subcomité voor de metaalhandel
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2024
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 31-01-2024 (in Dutch)
“De handel in en de productie van vacuümpompen,-blowers en -compressoren,alsmede het verlenen van service en al hetgeen in de ruimste zin van…”
4 activities
- De handel in en de productie van vacuümpompen,-blowers en -compressoren,alsmede het verlenen van service en al hetgeen in de ruimste zin van het woord tot het vorenstaande behoort,daaraan verwant is of daartoe bevorderlijk kan zijn.
- Uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten;
- Uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- Uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van de bovenvermelde doelstellingen.
Invoicing and payment
VAT number
BE 0441.222.415
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 15:00
deed of 31-01-2024 (in Dutch)Environmental permits
1 application in Flanders since 2026 · 1 granted
Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Verwijderen van vrijstaande gebouwen
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
1,696 m²
Building footprint
727 m²
Building volume
4,098 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46382B0828/00D000 | Flanders | 1,696 m² | 1 · 727 m² | 6.9 m · 2 |