buteo
Activebuteo has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €479k and a net result of €1k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+22
Solvency84=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.31 in 2024; short-term debt: 16.1% and cash: 0.4% of total assets), and 40.9% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 dateAge against the risk zone
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
59.1%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
31 d late
2023
61 d late
2022
60 d late
2021
108 d late
2020
31 d late
2019
69 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€479k▲ 0.2%
2024 · €478k
2018: €85k
2019: €90k
2020: €188k
2021: €492k
2022: €526k
2023: €503k
2024: €478k
2018 → 2025
Total assets
€811k▲ 0.8%
2024 · €804k
2018: €130k
2019: €528k
2020: €716k
2021: €741k
2022: €687k
2023: €831k
2024: €804k
2018 → 2025
Net result
€1k
2024 · €-25k
2018: €620
2019: €53k
2020: €215k
2021: €304k
2022: €34k
2023: €-23k
2024: €-25k
2018 → 2025
Working capital
€66k▲ 85.7%
2024 · €36k
2018: €50k
2019: €-307k
2020: €-324k
2021: €230k
2022: €110k
2023: €47k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€492k-€526k▲ 6.9%€503k▼ 4.4%€478k▼ 5.0%€479k▲ 0.2%
Operating result€-43k-€61k€-13k€-16k▼ 19.7%€8k
Net result€304k-€34k▼ 88.9%€-23k€-25k▼ 9.6%€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8k after a loss of €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €811k
Fixed assets
€613k▼ 5.8%
Current assets
€197k▲ 29.4%
Equity and liabilities €811k
Equity
€479k▲ 0.2%
Debt
€332k▲ 1.8%
The debt ratio rises from 40.6% to 40.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €21k
Cash flow
€37k▲
2024 · €12k
Solvency
59.1%▼
2024 · 59.4%
Current ratio
1.51▲
2024 · 1.31
Quick ratio
1.51▲
2024 · 1.31
Debt / equity
0.69▲
2024 · 0.68
ROE
0.2%▲
2024 · -5.3%
ROA
0.1%▲
2024 · -3.1%
Interest coverage
3.85▲
2024 · 1.71
Debt
€332k▲
2024 · €326k
Debt ≤ 1 year
€131k▲
2024 · €117k
Debt > 1 year
€201k▼
2024 · €209k
Income taxes
€207▼
2024 · €773
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€804k€811k▲
Fixed assets21/28€651k€613k▼
Tangible fixed assets22/27€650k€612k▼
Land and buildings22€239k€234k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€7k€1k▼
Other tangible fixed assets26€399k€374k▼
Financial fixed assets28€1k€1k=
Current assets29/58€152k€197k▲
Amounts receivable after more than one year29€40k€40k=
Other amounts receivable291€40k€40k=
Amounts receivable within one year40/41€94k€150k▲
Trade receivables40€25k€39k▲
Other amounts receivable41€70k€111k▲
Cash at bank and in hand54/58€15k€3k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€804k€811k▲
Equity10/15€478k€479k▲
Contributions10/11€6k€6k=
Reserves13€471k€472k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€459k€460k▲
Amounts payable17/49€326k€332k▲
Amounts payable after more than one year17€209k€201k▼
Financial debts170/4€209k€201k▼
Amounts payable within one year42/48€117k€131k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€29k€31k▲
Suppliers440/4€29k€31k▲
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€7k€750▼
Taxes450/3€7k€750▼
Other amounts payable47/48€72k€87k▲
Accrued charges and deferred income492/3€497-
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€9k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€36k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€32k€48k▲
Operating profit (loss)9901€-16k€8k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€-24k€1k▲
Income taxes67/77€773€207▼
Profit (loss) for the period9904€-25k€1k▲
Profit (loss) for the period to be appropriated9905€-25k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€1k▲
Transfer from equity791/2€25k-
Transfer to equity691/2-€1k
To other reserves6921-€1k
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Equity above €500kEq €526k ▲6.9%
5 profitable years in a row build equity to €526k.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
31-12
Financial
Highest result since 2018net €304k ▲40.9%
Net result €304k, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 2.05
Current ratio from 0.34 to 2.05; short-term debt falls from €492k to €219k.
31-12
Financial
Equity above €200kEq €492k ▲161%
4 profitable years in a row build equity to €492k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €188k ▲110%
3 profitable years in a row build equity to €188k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Niklaas · 2 establishment units since 2000
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.
Sparrenhofstraat 459100 Sint-NiklaasGround area
978 m²
Building footprint
617 m²
Volume, LiDAR
5,184 m³
2 parcels, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Sparrenhofstraat 45, 9100 Sint-Niklaas
since 20002.099.540.749
BUTEO
since 20222.337.721.378
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B0252/00D000 | Flanders | 521 m² | 1 · 279 m² | 15.2 m · 3 fl. |
| 11005B0157/00S000 | Flanders | 458 m² | 1 · 338 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Pack-It
BE 0645.791.356
Machelen (Brab.) · Eq €479k
Servaas Invest
BE 0689.915.963
Wemmel · Eq €478k
LOGINVEST
BE 1018.734.481
Malle · Eq €479k
LNRE
BE 1009.378.337
Namur · Eq €479k
AWG INVEST
BE 0479.107.645
Antwerpen · Eq €479k
Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,420 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-03-2000
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
33190Repair, maintenance and installation of machinery and equipment
46496Wholesale trade
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.