Equity
€110,568 ▲ 25.7%
Busschaert Projects has made a profit without a break since 2022.
Busschaert Projects
Lifetime
5 annual accounts with figures on one time axispeak €169,463 (2023)
€127,770▼ 22.0%
lowest -€5,023 (2021)
€22,577▼ 48.1%
peak €110,568 (2025)
€110,568▲ 25.7%
€120,598▼ 44.4%
Board2 names since 2021
2 directors and 1 other
Documentsfilings and deeds
26-09-202657 days late
2025micro format
Gross margin from €163,806 to €127,770Result from €43,542 to €22,577Equity from €87,991 to €110,568Debts from €216,830 to €120,598Cash from €111,174 to €50,495
Key points
from the 2025 annual accountsTurnover
≈ €420,000 estimated
The micro format states no turnover.
Liquidity
2.47 was 1.24 in 2024
Short-term debts fell from €112,576 to €38,210.
Filings
5 annual accounts 5 late
The 2021 accounts came latest: 124 days after the end of the period.
Starting capital
€5,000 100 shares
Position in the sector
€127,770
Higher gross margin than 85% of companies in construction of buildings. Sector median €32,049 · 10,133 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as Busschaert Projects has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,969 companies, not a prediction for Busschaert Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 26-01-2022
Director
- 50 sharesdeed of 29-01-2021
- 50 sharesdeed of 29-01-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0762566983
Incorporation
Founding capital of €5,000, 100 shares · Founders: and · Appointment: (director) · published on 29-01-2021 · Gazette deed
First establishment
Keurvorst Karel Theodoorstraat 45A, Bruges
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Busschaert Projects Bruges | €231,167 | €127,770 | 47.8% | - |
| CLEAN 24 Middelkerke | €229,999 | €117,947 | 68.4% | - |
| BOUWWERKEN WATTENY BART Lichtervelde | €242,509 | €138,628 | 33.4% | - |
| VS RENOVATIE Avelgem | €263,667 | €120,965 | 2.1% | - |
| Adgro Houthulst | €235,172 | €121,851 | 54.4% | - |
| Jos Bouckaert Wingene | €216,718 | €100,039 | 7.1% | - |
| MADISO Wevelgem | €209,131 | €113,559 | 34.3% | - |
These companies have the same main activity as Busschaert Projects: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €209,000 and €264,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 27-01-2021Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Joint committee
- 124Construction · annual accounts 2023
- Establishment unit
- 2.313.151.2788200 Bruges, since 27-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- €231,167▼ 24.2%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 26-09-2026
Insights on Busschaert Projects
Busschaert Projects files the micro format. That format states no turnover. The gross margin rose from €41,842 in 2021 to €127,770 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Busschaert Projects
- What is the company number of Busschaert Projects?
- The company number of Busschaert Projects is 0762.566.983. The VAT number is the same number with BE in front: BE 0762.566.983.
- Where is Busschaert Projects based?
- The registered office is at Keurvorst Karel Theodoorstraat 45A, 8200 Bruges.Company details
- What does Busschaert Projects do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Busschaert Projects?
- Busschaert Projects is a private limited company (BV).
- When was Busschaert Projects founded?
- Busschaert Projects was founded on 27-01-2021.
- Is Busschaert Projects still active?
- Yes, Busschaert Projects is an active enterprise in the KBO register.
- How many employees does Busschaert Projects have?
- Busschaert Projects had an average of 1.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Busschaert Projects fall under?
- In its 2023 annual accounts, Busschaert Projects states joint committee 124 (Construction).
- What is the turnover of Busschaert Projects?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €127,770 and 97 comparable companies (NACE 41001). It probably lies between €300,000 and €650,000.
- Is Busschaert Projects profitable?
- In financial year 2025, Busschaert Projects made a profit of €22,577.
- Where can I find the annual accounts of Busschaert Projects?
- Busschaert Projects filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Busschaert Projects due?
- Busschaert Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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