BUSCO
ActiveSummary
BUSCO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €836,381 and a net result of -€22,630. Equity remains stable across the filed fiscal years (±0.6% per year). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 8,594 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,785 | €26,615 | €26,615 | €23,516 | €23,743 | ▲ 1.0% |
| Other operating charges640/8 | €6,837 | €6,969 | €7,661 | €8,007 | €8,317 | ▲ 3.9% |
| Gross operating margin9900 | €50,194 | -€6,744 | -€5,278 | -€8,316 | -€830 | ▲ 90.0% |
| Operating profit (loss)9901 | €16,572 | -€40,328 | -€39,554 | -€39,840 | -€32,891 | ▲ 17.4% |
| Financial income75/76B | €49,220 | €84,121 | €43,666 | €45,660 | €49,370 | ▲ 8.1% |
| Recurring financial income75 | €49,220 | €84,121 | €43,666 | €45,660 | €49,370 | ▲ 8.1% |
| Financial charges65/66B | €61,700 | €5,168 | €934 | €676 | €37,883 | ▲ 5,505% |
| Recurring financial charges65 | €61,700 | €5,168 | €934 | €676 | €37,883 | ▲ 5,505% |
| Profit (loss) for the period before taxes9903 | €4,092 | €38,625 | €3,177 | €5,145 | -€21,403 | ▼ 516% |
| Income taxes67/77 | €2,742 | €11,671 | €1,723 | €2,063 | €1,227 | ▼ 40.5% |
| Profit (loss) for the period9904 | €1,350 | €26,954 | €1,454 | €3,082 | -€22,630 | ▼ 834% |
| Profit (loss) for the period to be appropriated9905 | €1,350 | €26,954 | €1,454 | €3,082 | -€22,630 | ▼ 834% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €845,422 | €872,441 | €874,616 | €868,387 | €839,725 | ▼ 3.3% |
| Fixed assets21/28 | €242,788 | €216,173 | €189,558 | €166,041 | €144,744 | ▼ 12.8% |
| Tangible fixed assets22/27 | €242,788 | €216,173 | €189,558 | €166,041 | €144,744 | ▼ 12.8% |
| Land and buildings22 | €242,788 | €216,173 | €189,558 | €166,041 | €142,525 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | - | - | €2,219 | - |
| Current assets29/58 | €602,635 | €656,269 | €685,058 | €702,346 | €694,981 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €72,129 | €98,368 | €134,943 | €170,708 | €213,882 | ▲ 25.3% |
| Other amounts receivable41 | €72,129 | €98,368 | €134,943 | €170,708 | €213,882 | ▲ 25.3% |
| Cash at bank and in hand54/58 | €530,506 | €557,901 | €550,116 | €531,638 | €481,099 | ▼ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €845,422 | €872,441 | €874,616 | €868,387 | €839,725 | ▼ 3.3% |
| Equity10/15 | €827,521 | €854,475 | €855,929 | €859,010 | €836,381 | ▼ 2.6% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €790,337 | €817,291 | €818,745 | €821,826 | €821,826 | = |
| Non-distributable reserves130/1 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Reserves not available under the articles1311 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Distributable reserves133 | €786,618 | €813,572 | €815,026 | €818,108 | €818,108 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€22,630 | - |
| Amounts payable17/49 | €17,902 | €17,966 | €18,687 | €9,377 | €3,344 | ▼ 64.3% |
| Amounts payable within one year42/48 | €17,902 | €17,966 | €18,687 | €9,377 | €3,344 | ▼ 64.3% |
| Trade debts44 | €15,160 | €6,295 | €16,963 | €7,287 | €2,118 | ▼ 70.9% |
| Suppliers440/4 | €15,160 | €6,295 | €16,963 | €7,287 | €2,118 | ▼ 70.9% |
| Taxes, remuneration and social security45 | €2,742 | €11,671 | €1,723 | €2,090 | €1,227 | ▼ 41.3% |
| Taxes450/3 | €2,742 | €11,671 | €1,723 | €2,090 | €1,227 | ▼ 41.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,350 | €26,954 | €1,454 | €3,082 | -€22,630 | ▼ 834% |
| + Depreciation and write-downs630 | €26,785 | €26,615 | €26,615 | €23,516 | €23,743 | ▲ 1.0% |
| Operating cash flow (approximation) | €28,135 | €53,569 | €28,069 | €26,598 | €1,114 | ▼ 95.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,446 | - |
| Change in cash | - | €27,395 | -€7,785 | -€18,478 | -€50,539 | ▼ 174% |
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
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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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0529/00L000 | Flanders | 2,366 m² | 1 · 259 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.