BUSK
ActiveBUSK has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €776 and a net result of €-37k. Equity is growing by ~25.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 3446 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -36 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency1▼-61
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.04 in 2024), and 97.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
-107.2%
Age of the figures
11 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3446 sector peers (2025).
NBB · sector comparisonPosition among 3446 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
8 d late
2021
2 d early
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€776▼ 98.0%
2024 · €38k
2019: €12k
2020: €10k
2021: €14k
2022: €19k
2023: €26k
2024: €38k
2019 → 2025
Total assets
€35k▼ 54.4%
2024 · €76k
2019: €89k
2020: €76k
2021: €78k
2022: €78k
2023: €75k
2024: €76k
2019 → 2025
Net result
€-37k
2024 · €12k
2019: €6k
2020: €-2k
2021: €4k
2022: €5k
2023: €6k
2024: €12k
2019 → 2025
Working capital
€-29k▲ 13.8%
2024 · €-34k
2019: €-16k
2020: €-21k
2021: €-28k
2022: €-33k
2023: €-38k
2024: €-34k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€19k▲ 36.6%€26k▲ 32.9%€38k▲ 48.6%€776▼ 98.0%
Operating result€9k-€11k▲ 31.2%€14k▲ 28.2%€19k▲ 35.6%€19k▼ 4.0%
Net result€4k-€5k▲ 31.7%€6k▲ 22.6%€12k▲ 96.4%€-37k
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 falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€30k▼ 59.5%
Current assets
€4k▲ 199%
Equity and liabilities €35k
Equity
€776▼ 98.0%
Debt
€34k▼ 11.1%
The debt ratio rises from 50.1% to 97.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€20k
Cash flow
€-36k
Solvency
2.2%▼
2024 · 49.9%
Current ratio
0.13▲
2024 · 0.04
Quick ratio
0.13▲
2024 · 0.04
ROA
-107.2%▼
2024 · 16.3%
Interest coverage
30.85
Debt
€34k▼
2024 · €38k
Debt ≤ 1 year
€34k▼
2024 · €35k
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€6k▼
2024 · €6k
Equity ratios withheld: equity of €776 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76k€35k▼
Fixed assets21/28€75k€30k▼
Tangible fixed assets22/27-€5k
Furniture and vehicles24-€5k
Financial fixed assets28€75k€25k▼
Current assets29/58€1k€4k▲
Amounts receivable within one year40/41€75€1k▲
Trade receivables40-€1k
Other amounts receivable41€75€10▼
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1€361€364▲
Equity and liabilities
Total equity and liabilities10/49€76k€35k▼
Equity10/15€38k€776▼
Contributions10/11€6k€6k=
Reserves13€32k€32k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€32k€32k=
Profit (loss) carried forward14-€-37k
Amounts payable17/49€38k€34k▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€35k€34k▼
Current portion of amounts payable after more than one year42€9k€3k▼
Financial debts43€4k€2k▼
Credit institutions430/8€4k€2k▼
Trade debts44€435€2k▲
Suppliers440/4€435€2k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€20k€25k▲
Accrued charges and deferred income492/3€408€422▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€930
Other operating charges640/8€560€524▼
Gross operating margin9900€20k€20k▲
Operating profit (loss)9901€19k€19k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€938€50k▲
Recurring financial charges65€938€634▼
Non-recurring financial charges66B-€50k
Profit (loss) for the period before taxes9903€18k€-32k▼
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€12k€-37k▼
Profit (loss) for the period to be appropriated9905€12k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-37k▼
Transfer to equity691/2€12k€0▼
To other reserves6921€12k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-37k ▼400%
Net result drops to €-37k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €12k ▲96.4%
Operating result €19k, net result €12k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wevelgemstraat 1048930 MenenGround area
459 m²
Building footprint
117 m²
Volume, LiDAR
691 m³
Parcel 34024A0435/00B003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BUSK
since 20182.272.144.430
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0435/00B003 | Flanders | 459 m² | 1 · 117 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VISUALIZE IT
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Of 6,289 companies in sector 74120 we hold annual accounts for 1,001. 141 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2018
Fiscal year end30-09
Activities, NACEBEL
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
47120Other non-specialised retail sale
47910Retail trade
62010Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.