Butstraen
ActiveSummary
Butstraen has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €979,494 and a net result of €114,529. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 26.86 against 26.33 in 2024; short-term debt: 3.6% and cash: 82.7% of total assets), and 3.6% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
96.4%
Return on assets
11.3%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
13 d late
2023
21 d late
2022
22 d late
2021
19 d late
2020
31 d early
2019
37 d early
← 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 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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 19 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€979,494▲ 13.2%
2024 · €864,965
Total assets
€1.0m▲ 13.2%
2024 · €897,851
Net result
€114,529▲ 26.8%
2024 · €90,321
Working capital
€954,228▲ 14.6%
2024 · €832,961
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.1m▲ 14.8%€0.1m▲ 4.6%€0.1m▲ 11.4%€0.1m▲ 0.1%€0.1m▲ 22.2%
Net result€0.08mabove the sector's middle half▼ 7.4%€0.08mabove the sector's middle half▲ 1.6%€0.09mabove the sector's middle half▲ 8.4%€0.09mabove the sector's middle half▼ 1.3%€0.1mabove the sector's middle half▲ 26.8%
Equity€0.6mabove the sector's middle half▲ 16.1%€0.7mabove the sector's middle half▲ 14.1%€0.8mabove the sector's middle half▲ 13.4%€0.9mabove the sector's middle half▲ 11.7%€1.0mabove the sector's middle half▲ 13.2%
Total assets€0.6mabove the sector's middle half▲ 15.6%€0.7mabove the sector's middle half▲ 11.2%€0.8mabove the sector's middle half▲ 12.3%€0.9mabove the sector's middle half▲ 14.1%€1.0mabove the sector's middle half▲ 13.2%
Debt€0.03m▲ 6.9%€0.02m▼ 43.9%€0.01m▼ 29.4%€0.03m▲ 164%€0.04m▲ 12.2%
Working capital€0.6mabove the sector's middle half▲ 16.1%€0.7mabove the sector's middle half▲ 14.1%€0.8mabove the sector's middle half▲ 13.4%€0.8mabove the sector's middle half▲ 7.5%€1.0mabove the sector's middle half▲ 14.6%
Solvency95.0%above the sector's middle half▲ 0.4pp97.5%above the sector's middle half▲ 2.5pp98.4%above the sector's middle half▲ 0.9pp96.3%above the sector's middle half▼ 2.1pp96.4%above the sector's middle half=
Current ratio20.01above the sector's middle half▲ 1.5239.66above the sector's middle half▲ 19.6663.12above the sector's middle half▲ 23.4526.33above the sector's middle half▼ 36.7926.86above the sector's middle half▲ 0.53
Return on assets (ROA)13.2%within the sector's middle half▼ 3.3pp12.0%above the sector's middle half▼ 1.1pp11.6%within the sector's middle half▼ 0.4pp10.1%within the sector's middle half▼ 1.6pp11.3%within the sector's middle half▲ 1.2pp
Staff (FTE)1=1=1=1.5▲ 50.0%1.5=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 has risen four years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€25,266 ▼ 21.1%
Current assets
€991,123 ▲ 14.5%
Equity and liabilities €1.0m
Equity
€979,494 ▲ 13.2%
Debt
€36,895 ▲ 12.2%
Debt's share of the balance-sheet total stays at 3.6%.
Key figures and ratios
EBITDA
€154,634▲
2024 · €122,697
Cash flow
€121,267▲
2024 · €92,005
Quick ratio
24.30▲
2024 · 23.37
Debt to equity
0.04▼
2024 · 0.04
ROE
11.7%▲
2024 · 10.4%
Interest coverage
191.85▲
2024 · 161.44
Debt ≤ 1 year
€36,895▲
2024 · €32,886
Income taxes
€35,495▲
2024 · €30,837
Staff costs
€66,953▲
2024 · €61,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36,193 | €38,784 | €48,607 | €61,197 | €66,953 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88 | €88 | - | €1,684 | €6,738 | ▲ 300% |
| Other operating charges640/8 | €668 | €670 | €1,121 | €714 | €656 | ▼ 8.1% |
| Gross operating margin9900 | €140,767 | €148,140 | €170,675 | €184,608 | €222,243 | ▲ 20.4% |
| Operating profit (loss)9901 | €103,818 | €108,598 | €120,947 | €121,013 | €147,896 | ▲ 22.2% |
| Financial income75/76B | €27 | - | €766 | €905 | €2,934 | ▲ 224% |
| Recurring financial income75 | €27 | - | €766 | €905 | €2,934 | ▲ 224% |
| Financial charges65/66B | €739 | €816 | €750 | €760 | €806 | ▲ 6.1% |
| Recurring financial charges65 | €739 | €816 | €750 | €760 | €806 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €103,106 | €107,782 | €120,963 | €121,158 | €150,024 | ▲ 23.8% |
| Income taxes67/77 | €20,001 | €23,359 | €29,456 | €30,837 | €35,495 | ▲ 15.1% |
| Profit (loss) for the period9904 | €83,105 | €84,423 | €91,507 | €90,321 | €114,529 | ▲ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €83,105 | €84,423 | €91,507 | €90,321 | €114,529 | ▲ 26.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | ▲ 13.2% |
| Fixed assets21/28 | €88 | - | - | €0.03m | €0.03m | ▼ 21.1% |
| Tangible fixed assets22/27 | €88 | - | - | €0.03m | €0.03m | ▼ 21.1% |
| Plant, machinery and equipment23 | €88 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | ▼ 21.1% |
| Current assets29/58 | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | ▲ 14.5% |
| Amounts receivable after more than one year29 | €0.04m | €0.04m | €0.04m | €0.05m | €0.06m | ▲ 22.2% |
| Other amounts receivable291 | €0.04m | €0.04m | €0.04m | €0.05m | €0.06m | ▲ 22.2% |
| Stocks and contracts in progress3 | €0.05m | €0.07m | €0.07m | €0.1m | €0.09m | ▼ 2.9% |
| Stocks30/36 | €0.05m | €0.07m | €0.07m | €0.1m | €0.09m | ▼ 2.9% |
| Amounts receivable within one year40/41 | €0.01m | €16 | €0.005m | €0.001m | €0.001m | ▲ 174% |
| Trade receivables40 | €0.01m | - | €0.004m | - | - | - |
| Other amounts receivable41 | €16 | €16 | €246 | €0.001m | €0.001m | ▲ 174% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | ▲ 13.2% |
| Equity10/15 | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | ▲ 13.2% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | €0.02m | €0.02m | - | - | - | - |
| Issued capital100 | €0.02m | €0.02m | - | - | - | - |
| Reserves13 | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 17.2% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | €0.002m | €0.002m | - | - | - | - |
| Other1319 | - | - | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 17.2% |
| Profit (loss) carried forward14 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 5.5% |
| Amounts payable17/49 | €0.03m | €0.02m | €0.01m | €0.03m | €0.04m | ▲ 12.2% |
| Amounts payable within one year42/48 | €0.03m | €0.02m | €0.01m | €0.03m | €0.04m | ▲ 12.2% |
| Trade debts44 | - | - | - | €0.02m | €0.02m | ▲ 5.2% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | ▲ 5.2% |
| Taxes, remuneration and social security45 | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | ▲ 24.3% |
| Taxes450/3 | €0.005m | €0.005m | €0.005m | €0.003m | €0.002m | ▼ 36.4% |
| Remuneration and social security454/9 | €0.005m | €0.005m | €0.007m | €0.009m | €0.01m | ▲ 45.7% |
| Other amounts payable47/48 | €0.02m | €0.007m | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,105 | €84,423 | €91,507 | €90,321 | €114,529 | ▲ 26.8% |
| + Depreciation and write-downs630 | €88 | €88 | - | €1,684 | €6,738 | ▲ 300% |
| Operating cash flow (approximation) | €83,193 | €84,511 | €91,507 | €92,005 | €121,267 | ▲ 31.8% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €68,788 | €79,732 | €48,300 | €117,238 | ▲ 143% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Highest result since 2018net €114,529 ▲26.8%
Operating result €147,896, net result €114,529, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €515,609 ▲21.1%
3 profitable years in a row build equity to €515,609.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €46,847 ▼3.7%
Net result drops to €46,847, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2008
Ground area
940 m²
Building footprint
92 m²
Volume, LiDAR
605 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOTAL
since 2008unit no. 2.171.153.275
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006C0653/00K000 | Flanders | 517 m² | - | - |
| 44061B1664/00B000 | Flanders | 423 m² | 1 · 92 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvergemunit no. 2.171.153.275
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Of 1,265 companies in this sector we hold annual accounts for 952. 534 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47300Retail sale of automotive fuel
95316Washing and cleaning of motor vehicles
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898451216
Also
9925:BE0898451216
Registered
26-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.