BUSTANI
ActiveBUSTANI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €14k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 31% of 1200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+7
Solvency51▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.87 in 2024; short-term debt: 59.9% and cash: 31.1% of total assets), and 73.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
26.4%
Return on assets
6.1%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 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 · 8 filingsDeviation from the deadline
2025
34 d late
2024
8 d late
2023
on the day
2022
23 d late
2021
31 d late
2020
5 d early
2019
24 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€59k▲ 29.8%
2024 · €46k
2018: €20k
2019: €30k
2020: €23k
2021: €14k
2022: €29k
2023: €45k
2024: €46k
2018 → 2025
Total assets
€225k▲ 20.5%
2024 · €187k
2018: €45k
2019: €92k
2020: €185k
2021: €178k
2022: €220k
2023: €179k
2024: €187k
2018 → 2025
Net result
€14k▲ 2,241%
2024 · €582
2018: €1k
2019: €10k
2020: €-7k
2021: €-9k
2022: €15k
2023: €16k
2024: €582
2018 → 2025
Working capital
€-14k▼ 8.9%
2024 · €-13k
2018: €-5k
2019: €-2k
2020: €-14k
2021: €-16k
2022: €-15k
2023: €-5k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€29k▲ 105%€45k▲ 55.0%€46k▲ 1.3%€59k▲ 29.8%
Operating result€-3k-€23k€19k▼ 15.8%€2k▼ 91.3%€16k▲ 851%
Net result€-9k-€15k€16k▲ 7.2%€582▼ 96.4%€14k▲ 2,241%
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 recovers in 2025; 2025 is 851% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€104k▲ 5.7%
Current assets
€121k▲ 37.0%
Equity and liabilities €225k
Equity
€59k▲ 29.8%
Debt
€166k▲ 17.4%
The debt ratio falls from 75.5% to 73.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €13k
Cash flow
€27k▲
2024 · €12k
Solvency
26.4%▲
2024 · 24.5%
Current ratio
0.90▲
2024 · 0.87
Quick ratio
0.86▲
2024 · 0.82
Debt / equity
2.79▼
2024 · 3.09
ROE
23.0%▲
2024 · 1.3%
ROA
6.1%▲
2024 · 0.3%
Interest coverage
12.67▲
2024 · 11.15
Debt
€166k▲
2024 · €141k
Debt ≤ 1 year
€135k▲
2024 · €101k
Debt > 1 year
€31k▼
2024 · €40k
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€187k€225k▲
Fixed assets21/28€99k€104k▲
Tangible fixed assets22/27€99k€104k▲
Land and buildings22€74k€70k▼
Plant, machinery and equipment23€24k€23k▼
Furniture and vehicles24€939€10k▲
Current assets29/58€88k€121k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€46k€40k▼
Trade receivables40€46k€36k▼
Other amounts receivable41€171€5k▲
Cash at bank and in hand54/58€35k€70k▲
Deferred charges and accrued income490/1€874€5k▲
Equity and liabilities
Total equity and liabilities10/49€187k€225k▲
Equity10/15€46k€59k▲
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Non-distributable reserves130/1€578€578=
Reserves not available under the articles1311€578€578=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-15k€-2k▲
Amounts payable17/49€141k€166k▲
Amounts payable after more than one year17€40k€31k▼
Financial debts170/4€40k€31k▼
Amounts payable within one year42/48€101k€135k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€7k€40k▲
Suppliers440/4€7k€40k▲
Taxes, remuneration and social security45€10k€4k▼
Taxes450/3€10k€4k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€75k€82k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€622€2k▲
Gross operating margin9900€14k€31k▲
Operating profit (loss)9901€2k€16k▲
Financial income75/76B€69€33▼
Recurring financial income75€69€33▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€582€14k▲
Income taxes67/77€0-
Profit (loss) for the period9904€582€14k▲
Profit (loss) for the period to be appropriated9905€582€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-2k▲
Profit (loss) brought forward from the previous period14P€-16k€-15k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90870.0-
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 34 days late
31-03
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointmentsGeneral meeting · Legal-form conversion · Capital11 facts ▸
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments
General meeting · Legal-form conversion · Capital11 facts ▸
- General meeting, 25 maart 2026
- Legal-form conversion, besloten vennootschap (BV)
- Capital, €20.460
- Reserve release, wettelijke reserve
- Director resignation, VAN AKEN Stijn (bestuurder)
- Director appointment, VAN AKEN Stijn (bestuurder)
- Mandate compensation, VAN AKEN Stijn
- Corporate purpose, 1. zowel in eigen naam en voor eigen rekening als in naam en voor rekening van derden, alleen of in samenwerking met derden, als vertegenwoordiger, tussenpersoo…
- Statutes amendment
- Power of attorney, VAN AKEN Stijn
- Power of attorney, Lieven Demolder
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €16k ▲7.2%
Net result €16k, the highest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-03-2026
Resigned as Director
25-03-2026
Appointed as Director
Location & real-estate footprint
Registered office, Lievegem · 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.
Langestraat(OW) 349931 LievegemGround area
552 m²
Building footprint
115 m²
Parcel 44053I0074/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
BUSTANI
since 20182.275.276.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44053I0074/00M000 | Flanders | 552 m² | 1 · 115 m² | - |
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.
Similar companies · same sector, comparable size
TUINEN EN VIJVERS GOUDVELD
BE 0462.215.589
Lille · Eq €59k
AMBIGREEN
BE 0823.854.949
Tongeren-Borgloon · Eq €59k
JARDINA
BE 0446.817.335
Wortegem-Petegem · Eq €59k
Tuinen Baete
BE 0779.287.904
Deinze · Eq €59k
Verheggen Willem Boomverzorging
BE 0762.559.956
Zele · Eq €60k
Of 21,219 companies in sector 81300 we hold annual accounts for 4,363. 3,634 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2018
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.