BUSCO
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-05-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d early
2023
55 d early
2022
97 d early
2021
54 d early
2020
53 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 65 days before 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 (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€55,374▼ 10.9%
2023 · €62,166
Total assets
€61,316▼ 33.8%
2023 · €92,597
Net result
-€6,792
2023 · €7,078
Working capital
€14,134▲ 13.9%
2023 · €12,413
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€16,041▼ 72.5%€14,979▼ 6.6%€1,669▼ 88.9%€9,544▲ 472%-€6,713
Net result€11,586▼ 73.1%€13,685▲ 18.1%€1,064▼ 92.2%€7,078▲ 565%-€6,792
Equity€240,339▲ 5.1%€104,024▼ 56.7%€55,088▼ 47.0%€62,166▲ 12.8%€55,374▼ 10.9%
Total assets€249,895▼ 0.5%€117,102▼ 53.1%€110,480▼ 5.7%€92,597▼ 16.2%€61,316▼ 33.8%
Debt€9,557▼ 57.5%€13,079▲ 36.9%€55,392▲ 324%€30,430▼ 45.1%€5,942▼ 80.5%
Working capital€213,724▼ 6.6%€40,341▼ 81.1%-€3,178€12,413€14,134▲ 13.9%
Staff (FTE)1=0.8▼ 20.0%0▼ 100%00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,713 after €9,544 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €61,316
Fixed assets
€41,240 ▼ 17.1%
Current assets
€20,076 ▼ 53.1%
Equity and liabilities €61,316
Equity
€55,374 ▼ 10.9%
Debt
€5,942 ▼ 80.5%
Debt's share of the balance-sheet total falls from 32.9% to 9.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,800▼
2023 · €18,057
Cash flow
€1,721▼
2023 · €15,591
Current ratio
3.38▲
2023 · 1.41
Debt to equity
0.11▼
2023 · 0.49
ROE
-12.3%▼
2023 · 11.4%
ROA
-11.1%▼
2023 · 7.6%
Interest coverage
22.70▼
2023 · 309.68
Debt ≤ 1 year
€5,942▼
2023 · €30,430
Income taxes
€0▼
2023 · €2,761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15,119 | €1 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €536 | €6,729 | €8,328 | €8,513 | €8,513 | = |
| Other operating charges640/8 | - | €579 | €520 | €559 | €543 | ▼ 2.9% |
| Gross operating margin9900 | €38,633 | €37,405 | €10,517 | €18,617 | €2,344 | ▼ 87.4% |
| Operating profit (loss)9901 | €16,041 | €14,979 | €1,669 | €9,544 | -€6,713 | ▼ 170% |
| Financial income75/76B | - | €0 | €0 | €354 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | €0 | €354 | €0 | ▼ 100% |
| Financial charges65/66B | - | €53 | €55 | €58 | €79 | ▲ 36.0% |
| Recurring financial charges65 | €37 | €53 | €55 | €58 | €79 | ▲ 36.0% |
| Profit (loss) for the period before taxes9903 | €16,004 | €14,925 | €1,614 | €9,840 | -€6,792 | ▼ 169% |
| Income taxes67/77 | €4,419 | €1,240 | €550 | €2,761 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €11,586 | €13,685 | €1,064 | €7,078 | -€6,792 | ▼ 196% |
| Profit (loss) for the period to be appropriated9905 | €11,586 | €13,685 | €1,064 | €7,078 | -€6,792 | ▼ 196% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €249,895 | €117,102 | €110,480 | €92,597 | €61,316 | ▼ 33.8% |
| Fixed assets21/28 | €26,614 | €63,683 | €58,266 | €49,753 | €41,240 | ▼ 17.1% |
| Tangible fixed assets22/27 | €26,614 | €63,683 | €58,266 | €49,753 | €41,240 | ▼ 17.1% |
| Furniture and vehicles24 | - | €6,796 | €7,638 | €5,384 | €3,129 | ▼ 41.9% |
| Other tangible fixed assets26 | - | €56,887 | €50,628 | €44,369 | €38,111 | ▼ 14.1% |
| Current assets29/58 | €223,281 | €53,420 | €52,214 | €42,844 | €20,076 | ▼ 53.1% |
| Amounts receivable within one year40/41 | €29,087 | €31,662 | €18,355 | €14,813 | €6,200 | ▼ 58.1% |
| Trade receivables40 | - | €24,651 | €9,814 | €13,124 | €2,461 | ▼ 81.2% |
| Other amounts receivable41 | - | €7,011 | €8,542 | €1,689 | €3,739 | ▲ 121% |
| Cash at bank and in hand54/58 | €193,461 | €20,955 | €33,090 | €27,159 | €12,974 | ▼ 52.2% |
| Deferred charges and accrued income490/1 | - | €803 | €769 | €871 | €902 | ▲ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €249,895 | €117,102 | €110,480 | €92,597 | €61,316 | ▼ 33.8% |
| Equity10/15 | €240,339 | €104,024 | €55,088 | €62,166 | €55,374 | ▼ 10.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €221,746 | €85,432 | €36,496 | €43,574 | €36,782 | ▼ 15.6% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €83,572 | €34,637 | €41,715 | €34,923 | ▼ 16.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €9,557 | €13,079 | €55,392 | €30,430 | €5,942 | ▼ 80.5% |
| Amounts payable within one year42/48 | €9,557 | €13,079 | €55,392 | €30,430 | €5,942 | ▼ 80.5% |
| Trade debts44 | €1,075 | €7,677 | €3,102 | €2,358 | €2,779 | ▲ 17.8% |
| Suppliers440/4 | - | €7,677 | €3,102 | €2,358 | €2,779 | ▲ 17.8% |
| Taxes, remuneration and social security45 | - | €2,300 | €391 | €1,696 | €118 | ▼ 93.1% |
| Taxes450/3 | - | €1,961 | €391 | €1,696 | €118 | ▼ 93.1% |
| Remuneration and social security454/9 | - | €339 | €0 | - | - | - |
| Other amounts payable47/48 | - | €3,102 | €51,899 | €26,376 | €3,046 | ▼ 88.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,586 | €13,685 | €1,064 | €7,078 | -€6,792 | ▼ 196% |
| + Depreciation and write-downs630 | €536 | €6,729 | €8,328 | €8,513 | €8,513 | = |
| Operating cash flow (approximation) | €12,121 | €20,414 | €9,392 | €15,591 | €1,721 | ▼ 89.0% |
| Investment in fixed assets (approximation) | - | -€43,797 | -€2,912 | €0 | €0 | - |
| Change in cash | - | -€172,506 | €12,135 | -€5,930 | -€14,185 | ▼ 139% |
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
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€6,792
Net result drops to -€6,792, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.38
Current ratio from 1.41 to 3.38; short-term debt falls from €30,430 to €5,942.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 23.36
Current ratio from 11.16 to 23.36; short-term debt falls from €22,508 to €9,557.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 11.16
Current ratio from 3.59 to 11.16; short-term debt falls from €71,629 to €22,508.
31-12
Financial
Equity above €200,000Eq €228,753 ▲23.2%
2 profitable years in a row build equity to €228,753.
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- JULAUCO
- BUSCO
Highest known parent: JULAUCO. The sources do not say who stands above it.
Owners 1
- JULAUCOparentSourceaccounts JULAUCO 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 · 1 entry · 707 EUR awarded · 707 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 707 EUR | 707 EUR |