Businga
ActiveSummary
Businga has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €441,805. Equity is growing by about 22% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €2.5m
- Profit
- €441,805
- Parent
- VAN HOOF · 99.92%
- QUALIS LABORDirector · permanent representative Koen De Meyer
Why 95raises riskNo main activity registeredLiquidity: current ratio 4.02, cash €29,654lowers riskSize: total assets €3.7mFigures for financial year 2025 (filed 10-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, small): better than 58% on solvency, 29% on liquidity, 67% on profitability and 85% on growth.
The bankruptcy probability was computed on 12-10-2026 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
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignation: Never Grow Up BV (director)Permanent representative: Koen De Meyer…
- Liquidity more than doubledcurrent ratio 4.02
Financials · financial year 2025, full format
2025 annual accounts filed late (10 days) Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393610.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 301% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
- 2025 Net result +1,510% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €8,751 | - |
| Other operating charges640/8 | - | - | - | €978 | €2,637 | €4,162 | €1,480 | €453 | ▼ 69.4% |
| Gross operating margin9900 | €61,733 | €257,990 | €153,500 | €759,502 | €507,178 | €750,783 | €158,022 | €627,749 | ▲ 297% |
| Operating profit (loss)9901 | €60,599 | €255,180 | €151,056 | €758,524 | €504,541 | €746,621 | €156,542 | €627,297 | ▲ 301% |
| Financial income75/76B | - | - | - | €6,788 | €15,950 | €16,821 | €18,711 | €18,141 | ▼ 3.0% |
| Recurring financial income75 | - | - | €4,056 | €6,788 | €15,950 | €16,821 | €18,711 | €18,141 | ▼ 3.0% |
| Financial charges65/66B | - | - | - | €38,858 | €62,331 | €178,299 | €137,539 | €45,372 | ▼ 67.0% |
| Recurring financial charges65 | €11,825 | €38,512 | €25,740 | €38,858 | €62,331 | €178,299 | €137,539 | €45,372 | ▼ 67.0% |
| Profit (loss) for the period before taxes9903 | €48,773 | €216,668 | €129,372 | €726,454 | €458,159 | €585,143 | €37,714 | €600,065 | ▲ 1,491% |
| Income taxes67/77 | €15,401 | €65,492 | €34,526 | €185,997 | €115,665 | €151,660 | €10,277 | €158,260 | ▲ 1,440% |
| Profit (loss) for the period9904 | €33,372 | €151,177 | €94,845 | €540,457 | €342,494 | €433,483 | €27,437 | €441,805 | ▲ 1,510% |
| Profit (loss) for the period to be appropriated9905 | €33,372 | €151,177 | €94,845 | €540,457 | €342,494 | €433,483 | €27,437 | €441,805 | ▲ 1,510% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.9m | €1.4m | €2.6m | €5.0m | €5.1m | €4.5m | €3.7m | ▼ 16.9% |
| Current assets29/58 | €1.5m | €1.9m | €1.4m | €2.6m | €5.0m | €5.1m | €4.5m | €3.7m | ▼ 16.9% |
| Stocks and contracts in progress3 | €1.2m | €1.2m | €0.3m | €0.3m | €3.1m | €2.8m | €2.5m | €1.7m | ▼ 31.4% |
| Stocks30/36 | - | - | - | - | - | - | - | €1.7m | - |
| Contracts in progress37 | - | - | - | €0.3m | €3.1m | €2.8m | €2.5m | - | - |
| Amounts receivable within one year40/41 | €0.4m | €0.7m | €0.9m | €2.0m | €1.5m | €2.0m | €2.0m | €1.9m | ▼ 2.4% |
| Trade receivables40 | - | - | - | €0.4m | - | €0.005m | €480 | €0.009m | ▲ 1,749% |
| Other amounts receivable41 | - | - | - | €1.6m | €1.5m | €2.0m | €2.0m | €1.9m | ▼ 2.8% |
| Cash at bank and in hand54/58 | €0.006m | €0.01m | €0.1m | €0.3m | €0.4m | €0.2m | €0.05m | €0.03m | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.02m | - | €0.08m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.9m | €1.4m | €2.6m | €5.0m | €5.1m | €4.5m | €3.7m | ▼ 16.9% |
| Equity10/15 | €0.5m | €0.6m | €0.7m | €1.3m | €1.6m | €2.0m | €2.1m | €2.5m | ▲ 21.3% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.4m | €0.6m | €0.7m | €1.2m | €1.5m | €2.0m | €2.0m | €2.4m | ▲ 22.1% |
| Amounts payable17/49 | €1.0m | €1.2m | €0.7m | €1.4m | €3.4m | €3.1m | €2.4m | €1.2m | ▼ 49.3% |
| Amounts payable after more than one year17 | €0.04m | €0.01m | €0.08m | €0.06m | €0.04m | €0.01m | €0.01m | €0.3m | ▲ 2,924% |
| Financial debts170/4 | - | - | - | - | - | - | - | €0.3m | - |
| Other amounts payable178/9 | - | - | - | €0.06m | €0.04m | €0.01m | €0.01m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.0m | €1.2m | €0.6m | €1.3m | €3.3m | €3.0m | €2.4m | €0.9m | ▼ 61.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.2m | €3.3m | €2.9m | €2.0m | €0.02m | ▼ 98.9% |
| Financial debts43 | - | - | - | - | - | - | - | €0.8m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.8m | - |
| Trade debts44 | €0.002m | €0.02m | €0.01m | €0.03m | €22 | €0.03m | €0.05m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.03m | €22 | €0.03m | €0.05m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.08m | €0.01m | €0.2m | ▲ 1,440% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.08m | €0.01m | €0.2m | ▲ 1,440% |
| Other amounts payable47/48 | - | - | - | €0.006m | €0.006m | €0.006m | €0.4m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,372 | €151,177 | €94,845 | €540,457 | €342,494 | €433,483 | €27,437 | €441,805 | ▲ 1,510% |
| Operating cash flow (approximation) | €33,372 | €151,177 | €94,845 | €540,457 | €342,494 | €433,483 | €27,437 | €441,805 | ▲ 1,510% |
| Change in cash | - | €4,373 | €124,069 | €161,163 | €118,887 | -€204,202 | -€165,310 | -€15,668 | ▲ 90.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 10-08-2026 | 2026-00393610 |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00425789 |
| 31-12-2023 | abbreviated format | 26-08-2024 | 2024-00378382 |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00199805 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20106821 |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-28700096 |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23600576 |
| 31-12-2018 | abbreviated format | 19-07-2019 | 2019-35500139 |
| 31-12-2017 | abbreviated format | 24-07-2018 | 2018-37200230 |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-37200536 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| QUALIS LABOR |
|
| Never Grow Up BV |
|
Owners and capital
Owners
1 ownerChain of control
- VAN HOOF
- Businga
Highest known parent: VAN HOOF. The sources do not say who stands above it.
Owners 1
- VAN HOOFparentSourceaccounts VAN HOOF 202599.92%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
6 connected companiesShow 2 more companies with a shared director
History
Acts, filings and financial milestones
08-06
Gazette deed
Resignation: Never Grow Up BV (director)Permanent representative: Koen De Meyer · Appointment: Qualis Labor BV (director)5 facts ▸
- General meeting, 05-05-2026
- Director resignation, Never Grow Up BV (director)
- Permanent representative, Koen De Meyer (2 times)
- Director appointment, Qualis Labor BV (director)
- Director in office, Simon Van Hoof (director)
Show earlier events
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 12 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11051B0364/00M003 | Flanders | 369 m² | 1 · 165 m² | 11.6 m · 3 |