BUSINVEST
ActiveSummary
BUSINVEST has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20.9m and a net result of €443,265. Equity is growing by ~31.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+23
Solvency100=
Growth76=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,450,000 at 30 days acceptable
Liquidity ample (current ratio 61.21 against 45.44 in 2024; short-term debt: 1.3% and cash: 7.6% of total assets), and 2.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.2%
Return on assets
2.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
24 d late
2023
30 d late
2022
27 d late
2021
78 d early
2020
39 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€333,450▲ 17.7%
2021 · €283,406
EBIT margin
4275.1%▲ 3935.6pp
2021 · 339.5%
Net result
€443,265▼ 78.4%
2024 · €2.0m
Working capital
€17.3m▲ 1.4%
2024 · €17.0m
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
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
Line20212022202320242025
Turnover€283,406▲ 27.2%€333,450▲ 17.7%
Operating result€962,275▲ 340%€14.3m▲ 1,381%€1.2m▼ 91.9%-€647,271-€251,243▲ 61.2%
Net result€751,467▲ 412%€13.9m▲ 1,748%€1.5m▼ 89.2%€2.0m▲ 36.1%€443,265▼ 78.4%
EBIT margin339.5%▲ 241.5pp4275.1%▲ 3935.6pp
Equity€3.0m▲ 35.0%€16.9m▲ 467%€18.4m▲ 8.9%€20.4m▲ 11.2%€20.9m▲ 2.2%
Total assets€4.9m▲ 47.4%€18.6m▲ 276%€19.6m▲ 5.5%€21.4m▲ 9.1%€21.5m▲ 0.3%
Debt€1.9m▲ 73.6%€1.6m▼ 19.8%€1.2m▼ 23.2%€937,871▼ 21.9%€571,287▼ 39.1%
Working capital€61,223▼ 53.9%€14.6m▲ 23,761%€16.4m▲ 12.5%€17.0m▲ 3.5%€17.3m▲ 1.4%
Why a figure moved sharply
- 2025 Net result -78% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €251,243 in 2025 against €647,271 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.5m
Fixed assets
€3.9m ▼ 2.0%
Current assets
€17.5m ▲ 0.8%
Equity and liabilities €21.5m
Equity
€20.9m ▲ 2.2%
Provisions
€30,000 ▼ 35.9%
Debt
€571,287 ▼ 39.1%
Debt's share of the balance-sheet total falls from 4.4% to 2.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,366▲
2024 · -€419,121
Cash flow
€724,874▼
2024 · €2.3m
Current ratio
61.21▲
2024 · 45.44
Debt to equity
0.03▼
2024 · 0.05
ROE
2.1%▼
2024 · 10.0%
ROA
2.1%▼
2024 · 9.6%
Interest coverage
3.90▲
2024 · -30.10
Debt ≤ 1 year
€286,555▼
2024 · €382,901
Debt > 1 year
€284,732▼
2024 · €554,970
Income taxes
€273,758▲
2024 · €247,352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% 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 542 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.4m | €15.3m | - | - | - | - |
| Turnover70 | €283,406 | €333,450 | - | - | - | - |
| Other operating income74 | €1.1m | €1.4m | - | - | - | - |
| Non-recurring operating income76A | €48,140 | €13.6m | €637,076 | - | €372 | - |
| Operating charges60/66A | €443,050 | €1.0m | - | - | - | - |
| Services and other goods61 | €169,227 | €675,540 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €242,914 | €310,709 | €208,714 | €228,150 | €281,609 | ▲ 23.4% |
| Other operating charges640/8 | €30,909 | €27,869 | €28,818 | €232,130 | €37,142 | ▼ 84.0% |
| Non-recurring operating charges66A | - | €2,377 | €6,392 | - | €1,923 | - |
| Gross operating margin9900 | - | - | €1.4m | -€186,990 | €69,431 | ▲ 137% |
| Operating profit (loss)9901 | €962,275 | €14.3m | €1.2m | -€647,271 | -€251,243 | ▲ 61.2% |
| Financial income75/76B | €7,784 | €3,797 | €631,870 | €3.0m | €976,047 | ▼ 67.0% |
| Recurring financial income75 | €2,204 | €3,797 | €466,478 | €431,475 | €959,235 | ▲ 122% |
| Other financial income752/9 | €2,204 | €3,797 | - | - | - | - |
| Non-recurring financial income76B | €5,580 | - | €165,392 | €2.5m | €16,812 | ▼ 99.3% |
| Financial charges65/66B | €18,141 | €159,072 | €60,173 | €13,925 | €7,782 | ▼ 44.1% |
| Recurring financial charges65 | €18,141 | €15,980 | €13,361 | €13,925 | €7,782 | ▼ 44.1% |
| Debt charges650 | €18,141 | €15,980 | - | - | - | - |
| Non-recurring financial charges66B | - | €143,092 | €46,812 | - | - | - |
| Profit (loss) for the period before taxes9903 | €951,918 | €14.1m | €1.7m | €2.3m | €717,022 | ▼ 68.8% |
| Income taxes67/77 | €200,451 | €209,230 | €223,668 | €247,352 | €273,758 | ▲ 10.7% |
| Taxes670/3 | €274,655 | €209,230 | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | €74,204 | - | - | - | - | - |
| Profit (loss) for the period9904 | €751,467 | €13.9m | €1.5m | €2.0m | €443,265 | ▼ 78.4% |
| Transfer from tax-exempt reserves789 | €232,500 | - | - | - | €421,000 | - |
| Transfer to tax-exempt reserves689 | €421,000 | €421,000 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €562,967 | €13.5m | €1.5m | €2.0m | €864,265 | ▼ 57.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.9m | €18.6m | €19.6m | €21.4m | €21.5m | ▲ 0.3% |
| Fixed assets21/28 | €4.3m | €3.5m | €2.8m | €4.0m | €3.9m | ▼ 2.0% |
| Tangible fixed assets22/27 | €3.6m | €3.5m | €2.8m | €4.0m | €3.9m | ▼ 2.1% |
| Land and buildings22 | - | - | - | €87,512 | €87,512 | = |
| Plant, machinery and equipment23 | - | €3,274 | - | - | - | - |
| Furniture and vehicles24 | €13,300 | €15,163 | €13,966 | €17,836 | €15,051 | ▼ 15.6% |
| Other tangible fixed assets26 | €3.5m | €3.5m | €2.8m | €3.9m | €3.8m | ▼ 2.1% |
| Financial fixed assets28 | €730,000 | - | - | - | €1,000 | - |
| Affiliated companies280/1 | €730,000 | - | - | - | - | - |
| Participating interests280 | €730,000 | - | - | - | - | - |
| Current assets29/58 | €654,130 | €15.1m | €16.8m | €17.4m | €17.5m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €355,715 | €239,305 | €904,274 | €1.6m | €1.5m | ▼ 5.8% |
| Trade receivables40 | - | €50,572 | - | €10,588 | €23,844 | ▲ 125% |
| Other amounts receivable41 | €355,715 | €188,732 | €904,274 | €1.6m | €1.5m | ▼ 6.7% |
| Current investments50/53 | - | €14.5m | €15.8m | €118,657 | €14.4m | ▲ 12,035% |
| Other investments51/53 | - | €14.5m | - | - | - | - |
| Cash at bank and in hand54/58 | €298,415 | €340,457 | €89,947 | €15.7m | €1.6m | ▼ 89.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,219 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.9m | €18.6m | €19.6m | €21.4m | €21.5m | ▲ 0.3% |
| Equity10/15 | €3.0m | €16.9m | €18.4m | €20.4m | €20.9m | ▲ 2.2% |
| Contributions10/11 | €88,979 | €88,979 | €88,979 | €88,979 | €88,979 | = |
| Capital10 | €88,979 | €88,979 | - | - | - | - |
| Issued capital100 | €88,979 | €88,979 | - | - | - | - |
| Reserves13 | €2.2m | €2.6m | €2.6m | €842,000 | €421,000 | ▼ 50.0% |
| Non-distributable reserves130/1 | €8,898 | €8,898 | - | - | - | - |
| Legal reserve130 | €8,898 | €8,898 | - | - | - | - |
| Tax-exempt reserves132 | €421,000 | €842,000 | €842,000 | €842,000 | €421,000 | ▼ 50.0% |
| Distributable reserves133 | €1.7m | €1.7m | €1.7m | - | - | - |
| Profit (loss) carried forward14 | €728,809 | €14.2m | €15.7m | €19.5m | €20.4m | ▲ 4.4% |
| Provisions and deferred taxes16 | €22,300 | €165,392 | €46,812 | €46,812 | €30,000 | ▼ 35.9% |
| Provisions for liabilities and charges160/5 | €22,300 | €165,392 | €46,812 | €46,812 | €30,000 | ▼ 35.9% |
| Other liabilities and charges164/5 | €22,300 | €165,392 | €46,812 | €46,812 | €30,000 | ▼ 35.9% |
| Amounts payable17/49 | €1.9m | €1.6m | €1.2m | €937,871 | €571,287 | ▼ 39.1% |
| Amounts payable after more than one year17 | €1.4m | €1.1m | €823,581 | €554,970 | €284,732 | ▼ 48.7% |
| Financial debts170/4 | €1.4m | €1.1m | €823,581 | €554,970 | €284,732 | ▼ 48.7% |
| Credit institutions173 | €1.4m | €1.1m | - | - | - | - |
| Amounts payable within one year42/48 | €592,907 | €471,578 | €376,534 | €382,901 | €286,555 | ▼ 25.2% |
| Current portion of amounts payable after more than one year42 | €263,827 | €265,406 | €267,001 | €268,611 | €270,238 | ▲ 0.6% |
| Trade debts44 | €117,191 | €12,942 | €15,538 | €99,326 | €4,645 | ▼ 95.3% |
| Suppliers440/4 | €117,191 | €12,942 | €15,538 | €99,326 | €4,645 | ▼ 95.3% |
| Taxes, remuneration and social security45 | €107,690 | €84,609 | €89,796 | €4,464 | €5,372 | ▲ 20.3% |
| Taxes450/3 | €107,690 | €84,609 | €89,796 | €4,464 | €5,372 | ▲ 20.3% |
| Other amounts payable47/48 | €104,200 | €108,621 | €4,200 | €10,500 | €6,300 | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €751,467 | €13.9m | €1.5m | €2.0m | €443,265 | ▼ 78.4% |
| + Depreciation and write-downs630 | €242,914 | €310,709 | €208,714 | €228,150 | €281,609 | ▲ 23.4% |
| Operating cash flow (approximation) | €994,381 | €14.2m | €1.7m | €2.3m | €724,874 | ▼ 68.2% |
| Investment in fixed assets (approximation) | - | €467,794 | €499,910 | -€1.4m | -€199,756 | ▲ 86.0% |
| Change in cash | - | €42,042 | -€250,510 | €15.6m | -€14.0m | ▼ 190% |
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
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 24 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
31-12
Financial
Highest result since 2018net €13.9m ▲1,748%
Operating result €14.3m, net result €13.9m, both a record.
31-12
Financial
Liquidity times 29current ratio 31.98
Current ratio from 1.10 to 31.98; short-term debt falls from €592,907 to €471,578.
31-12
Financial
Equity above €10mEq €16.9m ▲467%
5 profitable years in a row build equity to €16.9m.
14-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €146,898 ▼49.6%
Net result drops to €146,898, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2mEq €2.1m ▲16.5%
2 profitable years in a row build equity to €2.1m.
Show earlier events
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 18 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 177 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2008
Ground area
2,244 m²
Building footprint
411 m²
Volume, LiDAR
4,819 m³
Parcel 21652E0047/00M002, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Businvest
since 20082.176.144.817
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0047/00M002 | Brussels | 2,244 m² | 1 · 411 m² | 16.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 2
-
100%
- Sourceown accounts 2021Equity €1.2mResult €2.0m99.99%
According to the 2021 annual accounts of BUSINVEST and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300S1EXNYNN78W984
Company details
Identification
Legal formPrivate limited company
Founded31-12-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809107583
Also
9925:BE0809107583
Registered
03-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.