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BUSKES

Active
Private limited company (pre-2019)founded 197649 yrs activeIndustriestrasse 38, 4700 Eupen, BelgiumKBO/BCE: BE 0416.948.263
Summary

BUSKES has been active since 1976 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €217,101 and a net result of -€83,485. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 69% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-34
Solvency99▼-1
Growth32▼-20
Track record92
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
short-term debt: 0.6% and cash: 99.8% of total assets, and 26.1% of the assets are financed with debt.
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Signals

Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 49 years 0 50 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 filings
Deviation from the deadline
2025
11 d late
2024
119 d late
2023
27 d late
2022
49 d early
2021
23 d early
2020
81 d late
2019
111 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Checked, nothing found (1)
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 11 August (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline

History

BUSKES was incorporated on 29 December 1976.1 Total assets rose from EUR 245,282 in 2018 to EUR 293,817 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€83,485▼ 1,975%
2024 · -€4,023
Working capital
€292,101▼ 2.8%
2024 · €300,586
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€4,411▼ 13.5%-€8,993▼ 104%-€4,177▲ 53.6%-€3,886▲ 7.0%-€83,293▼ 2,043%
Net result-€4,942below the sector's middle half▼ 4.3%-€9,253below the sector's middle half▼ 87.3%-€4,327below the sector's middle half▲ 53.2%-€4,023▲ 7.0%-€83,485below the sector's middle half▼ 1,975%
Equity€318,191within the sector's middle half▼ 1.5%€308,937above the sector's middle half▼ 2.9%€304,610above the sector's middle half▼ 1.4%€300,586▼ 1.3%€217,101within the sector's middle half▼ 27.8%
Total assets€322,712below the sector's middle half▼ 13.3%€310,322within the sector's middle half▼ 3.8%€305,176within the sector's middle half▼ 1.7%€302,016▼ 1.0%€293,817within the sector's middle half▼ 2.7%
Debt€4,522▼ 90.8%€1,384▼ 69.4%€566▼ 59.1%€1,430▲ 153%€1,716▲ 20.0%
Working capital€321,688within the sector's middle half▼ 1.5%€308,937above the sector's middle half▼ 4.0%€304,610above the sector's middle half▼ 1.4%€300,586▼ 1.3%€292,101above the sector's middle half▼ 2.8%
Solvency98.6%above the sector's middle half▲ 11.7pp99.6%above the sector's middle half▲ 1.0pp99.8%above the sector's middle half▲ 0.3pp99.5%▼ 0.3pp73.9%within the sector's middle half▼ 25.6pp
Current ratio
Return on assets (ROA)-1.5%below the sector's middle half▼ 0.3pp-3.0%below the sector's middle half▼ 1.5pp-1.4%below the sector's middle half▲ 1.6pp-1.3%▲ 0.1pp-28.4%below the sector's middle half▼ 27.1pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€100,000-€75,000-€50,000-€25,000€0Operating result 2021: -€4,411-€4,411Net result 2021: -€4,942-€4,942Operating result 2022: -€8,993-€8,993Net result 2022: -€9,253-€9,253Operating result 2023: -€4,177-€4,177Net result 2023: -€4,327-€4,327Operating result 2024: -€3,886-€3,886Net result 2024: -€4,023-€4,023Operating result 2025: -€83,293-€83,293Net result 2025: -€83,485-€83,48520212022202320242025-€100,000-€75,000-€50,000-€25,000€0Operating result 2023: -€4,177-€4,180Net result 2023: -€4,327-€4,330Operating result 2024: -€3,886-€3,890Net result 2024: -€4,023-€4,020Operating result 2025: -€83,293-€83,300Net result 2025: -€83,485-€83,500202320242025
The operating result stays negative: a loss of €83,293 in 2025 against €3,886 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €293,817
Equity €217,101 ▼ 27.8%
Provisions €75,000
Debt €1,716 ▲ 20.0%
Debt's share of the balance-sheet total rises from 0.5% to 0.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.01▲
2024 · 0.00
ROE
-38.5%▼
2024 · -1.3%
Debt ≤ 1 year
€1,716▲
2024 · €1,430
A ratio outside any meaningful range has been withheld (balance sheet total €293,817, equity €217,101).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.5% went bankrupt
13% stopped otherwise
84% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 5,836 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€302,016€293,817▼
Current assets29/58€302,016€293,817▼
Amounts receivable within one year40/41€308€473▲
Trade receivables40-€165
Other amounts receivable41€308€308=
Cash at bank and in hand54/58€301,709€293,344▼
Equity and liabilities
Total equity and liabilities10/49€302,016€293,817▼
Equity10/15€300,586€217,101▼
Contributions10/11€18,592€18,592=
Reserves13€281,994€201,884▼
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€280,135€200,025▼
Profit (loss) carried forward14--€3,375
Provisions and deferred taxes16-€75,000
Provisions for liabilities and charges160/5-€75,000
Other liabilities and charges164/5-€75,000
Amounts payable17/49€1,430€1,716▲
Amounts payable within one year42/48€1,430€1,716▲
Trade debts44€1,430€1,716▲
Suppliers440/4€1,430€1,716▲
Income statement Code20242025
Provisions for liabilities and charges: additions (uses and reversals)635/8-€75,000
Other operating charges640/8€399€945▲
Gross operating margin9900-€3,488-€7,348▼
Operating profit (loss)9901-€3,886-€83,293▼
Financial charges65/66B€137€193▲
Recurring financial charges65€137€193▲
Profit (loss) for the period before taxes9903-€4,023-€83,485▼
Profit (loss) for the period9904-€4,023-€83,485▼
Profit (loss) for the period to be appropriated9905-€4,023-€83,485▼
Appropriation of the result
Profit (loss) to be appropriated9906-€4,023-€83,485▼
Transfer from equity791/2€4,023€80,111▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Provisions for liabilities and charges: additions (uses and reversals)635/8----€75,000-
Other operating charges640/8€348€360€584€399€945▲ 137%
Gross operating margin9900-€4,063-€8,632-€3,593-€3,488-€7,348▼ 111%
Operating profit (loss)9901-€4,411-€8,993-€4,177-€3,886-€83,293▼ 2,043%
Financial charges65/66B€531€261€150€137€193▲ 40.9%
Recurring financial charges65€531€261€150€137€193▲ 40.9%
Profit (loss) for the period before taxes9903-€4,942-€9,253-€4,327-€4,023-€83,485▼ 1,975%
Profit (loss) for the period9904-€4,942-€9,253-€4,327-€4,023-€83,485▼ 1,975%
Profit (loss) for the period to be appropriated9905-€4,942-€9,253-€4,327-€4,023-€83,485▼ 1,975%
Line20212022202320242025Change
Assets
Total assets20/58€322,712€310,322€305,176€302,016€293,817▼ 2.7%
Current assets29/58€322,712€310,322€305,176€302,016€293,817▼ 2.7%
Amounts receivable within one year40/41---€308€473▲ 53.6%
Trade receivables40----€165-
Other amounts receivable41---€308€308=
Cash at bank and in hand54/58€322,712€310,322€305,176€301,709€293,344▼ 2.8%
Equity and liabilities
Total equity and liabilities10/49€322,712€310,322€305,176€302,016€293,817▼ 2.7%
Equity10/15€318,191€308,937€304,610€300,586€217,101▼ 27.8%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€299,599€290,345€286,018€281,994€201,884▼ 28.4%
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133€297,739€288,486€284,159€280,135€200,025▼ 28.6%
Profit (loss) carried forward14-----€3,375-
Provisions and deferred taxes16----€75,000-
Provisions for liabilities and charges160/5----€75,000-
Other liabilities and charges164/5----€75,000-
Amounts payable17/49€4,522€1,384€566€1,430€1,716▲ 20.0%
Amounts payable after more than one year17€3,498-----
Other amounts payable178/9€3,498-----
Amounts payable within one year42/48€1,024€1,384€566€1,430€1,716▲ 20.0%
Trade debts44€1,024€1,384€566€1,430€1,716▲ 20.0%
Suppliers440/4€1,024€1,384€566€1,430€1,716▲ 20.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€4,942-€9,253-€4,327-€4,023-€83,485▼ 1,975%
Operating cash flow (approximation)-€4,942-€9,253-€4,327-€4,023-€83,485▼ 1,975%
Change in cash--€12,391-€5,146-€3,467-€8,364▼ 141%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
11-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial Weakest financial yearnet -€83,485
Net result drops to -€83,485, the lowest in the series.
27-11
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema · 119 days late
2024
02-09
KBO administration Address struck
Gewerbestrasse 36a L’adresse du siège Gewerbestrasse 36a 4731 Die Sitzadresse Gewerbestrasse 36a 4731 4731 Raeren werd doorgehaald met ingang Raeren · event 18-07-2024
27-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial Liquidity doublescurrent ratio 539.24
Current ratio from 224.15 to 539.24; short-term debt falls from €1,384 to €566.
12-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Liquidity times 38current ratio 315.15
Current ratio from 8.19 to 315.15; short-term debt falls from €45,398 to €1,024.
20-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 81 days late
2020
19-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 111 days late
2019
31-12
Financial Highest result since 2018net €97,119 ▲923%
Operating result €142,141, net result €97,119, both a record.
Show earlier events
19-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Eupen · 1 establishment unit since 1986
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.

Industriestrasse 384700 Eupen
1 establishment unit
Establishment
NACE 1740105
since 19862.028.787.761

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,546 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded29-12-1976
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
13929Manufacture of textiles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0416948263
Also 9925:BE0416948263
Registered 22-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.