Buvetex
ActiveSummary
Buvetex has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €179,226. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 94% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+5
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
short-term debt: 0.1% and cash: 28.3% of total assets, and 2.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Real estate activities (NACE 68)
about 43% fewer 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
97.8%
Return on assets
13.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
3 d early
2022
30 d late
2021
31 d late
2020
30 d late
2019
92 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 26 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Heist-op-den-Berg, Real estate sector
Turnover
€393,719
EBIT margin
60.7%
Net result
€179,226▲ 4.3%
2024 · €171,876
Working capital
€380,310▲ 132%
2024 · €164,023
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€393,719
Operating result€188,634▼ 2.6%€197,863▲ 4.9%€185,550▼ 6.2%€229,268▲ 23.6%€239,055▲ 4.3%
Net result€141,294▼ 2.6%€148,192▲ 4.9%€139,057▼ 6.2%€171,876▲ 23.6%€179,226▲ 4.3%
EBIT margin60.7%
Equity€1.3m▼ 4.4%€1.1m▼ 12.8%€1.1m▼ 1.0%€1.1m▲ 2.0%€1.3m▲ 16.1%
Total assets€1.3m▼ 4.4%€1.4m▲ 11.8%€1.3m▼ 12.1%€1.3m▲ 2.9%€1.3m▲ 1.2%
Debt€26,299▼ 0.3%€340,058▲ 1,193%€176,804▼ 48.0%€192,290▲ 8.8%€28,503▼ 85.2%
Working capital€204,412▼ 10.1%€79,714▼ 61.0%€105,975▲ 32.9%€164,023▲ 54.8%€380,310▲ 132%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€937,572 ▼ 3.7%
Current assets
€381,426 ▲ 15.4%
Equity and liabilities €1.3m
Equity
€1.3m ▲ 16.1%
Provisions
€736 ▼ 20.0%
Debt
€28,503 ▼ 85.2%
Debt's share of the balance-sheet total falls from 14.7% to 2.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€274,712▲
2024 · €264,925
Cash flow
€214,883▲
2024 · €207,533
Debt to equity
0.02▼
2024 · 0.17
ROE
13.9%▼
2024 · 15.5%
ROA
13.6%▲
2024 · 13.2%
Interest coverage
3018.15▼
2024 · 2943616.11
Debt ≤ 1 year
€1,116▼
2024 · €166,491
Income taxes
€59,926▲
2024 · €57,576
A ratio outside any meaningful range has been withheld (balance sheet total €1.3m, equity €1.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 20,082 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €393,719 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €85,905 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,657 | €35,657 | €35,657 | €35,657 | €35,657 | = |
| Other operating charges640/8 | €33,036 | €30,879 | €31,321 | €32,776 | €33,101 | ▲ 1.0% |
| Gross operating margin9900 | €257,327 | €264,399 | €252,529 | €297,701 | €307,814 | ▲ 3.4% |
| Operating profit (loss)9901 | €188,634 | €197,863 | €185,550 | €229,268 | €239,055 | ▲ 4.3% |
| Financial income75/76B | - | - | - | €0 | €4 | ▲ 1,676% |
| Recurring financial income75 | - | - | - | €0 | €4 | ▲ 1,676% |
| Financial charges65/66B | €241 | €273 | €141 | €0 | €91 | ▲ 101,033% |
| Recurring financial charges65 | €241 | €273 | €141 | €0 | €91 | ▲ 101,033% |
| Profit (loss) for the period before taxes9903 | €188,392 | €197,590 | €185,409 | €229,268 | €238,968 | ▲ 4.2% |
| Transfer from deferred taxes780 | €184 | €184 | €184 | €184 | €184 | = |
| Income taxes67/77 | €47,282 | €49,581 | €46,536 | €57,576 | €59,926 | ▲ 4.1% |
| Profit (loss) for the period9904 | €141,294 | €148,192 | €139,057 | €171,876 | €179,226 | ▲ 4.3% |
| Transfer from tax-exempt reserves789 | €552 | €552 | €552 | €552 | €552 | = |
| Profit (loss) for the period to be appropriated9905 | €141,846 | €148,744 | €139,609 | €172,428 | €179,778 | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | ▲ 1.2% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €973,230 | €937,572 | ▼ 3.7% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €973,230 | €937,572 | ▼ 3.7% |
| Land and buildings22 | €1.1m | €1.0m | €1.0m | €973,230 | €937,572 | ▼ 3.7% |
| Current assets29/58 | €208,977 | €396,402 | €257,679 | €330,514 | €381,426 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €51,326 | €48,309 | €51,993 | €6,186 | €7,232 | ▲ 16.9% |
| Trade receivables40 | €44,705 | €44,642 | €42,104 | €1,268 | €0 | ▼ 100% |
| Other amounts receivable41 | €6,621 | €3,667 | €9,889 | €4,918 | €7,232 | ▲ 47.0% |
| Cash at bank and in hand54/58 | €156,746 | €347,105 | €204,650 | €314,424 | €373,100 | ▲ 18.7% |
| Deferred charges and accrued income490/1 | €906 | €988 | €1,035 | €9,904 | €1,095 | ▼ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.3m | €1.3m | €1.3m | ▲ 1.2% |
| Equity10/15 | €1.3m | €1.1m | €1.1m | €1.1m | €1.3m | ▲ 16.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | €729,643 | €729,643 | €729,643 | €729,643 | €729,643 | = |
| Reserves13 | €295,702 | €295,150 | €294,598 | €294,046 | €293,494 | ▼ 0.2% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €289,502 | €288,950 | €288,398 | €287,846 | €287,294 | ▼ 0.2% |
| Profit (loss) carried forward14 | €174,064 | €12,808 | €2,417 | €24,845 | €204,622 | ▲ 724% |
| Provisions and deferred taxes16 | €1,472 | €1,288 | €1,104 | €920 | €736 | ▼ 20.0% |
| Deferred taxes168 | €1,472 | €1,288 | €1,104 | €920 | €736 | ▼ 20.0% |
| Amounts payable17/49 | €26,299 | €340,058 | €176,804 | €192,290 | €28,503 | ▼ 85.2% |
| Amounts payable within one year42/48 | €4,565 | €316,689 | €151,703 | €166,491 | €1,116 | ▼ 99.3% |
| Trade debts44 | €4,565 | €6,689 | €47 | €8,915 | €1,116 | ▼ 87.5% |
| Suppliers440/4 | €4,565 | €6,689 | €47 | €8,915 | €1,116 | ▼ 87.5% |
| Taxes, remuneration and social security45 | €0 | €0 | €1,656 | €7,576 | €0 | ▼ 100% |
| Taxes450/3 | €0 | €0 | €1,656 | €7,576 | €0 | ▼ 100% |
| Other amounts payable47/48 | €0 | €310,000 | €150,000 | €150,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €21,733 | €23,369 | €25,101 | €25,799 | €27,386 | ▲ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141,294 | €148,192 | €139,057 | €171,876 | €179,226 | ▲ 4.3% |
| + Depreciation and write-downs630 | €35,657 | €35,657 | €35,657 | €35,657 | €35,657 | = |
| Operating cash flow (approximation) | €176,951 | €183,850 | €174,714 | €207,533 | €214,883 | ▲ 3.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €190,360 | -€142,455 | €109,774 | €58,676 | ▼ 46.5% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €179,226 ▲4.3%
Operating result €239,055, net result €179,226, both a record.
31-12
Financial
Liquidity times 172current ratio 341.64
Current ratio from 1.99 to 341.64; short-term debt falls from €166,491 to €1,116.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Liquidity times 39current ratio 48.14
Current ratio from 1.25 to 48.14; short-term debt falls from €201,640 to €4,826.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
04-04
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 8 acts read
About the unread acts
We know of 8 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
8 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, Heist-op-den-Berg · 2 establishment units since 1961
Ground area
1.5 ha
Building footprint
5,556 m²
Volume, LiDAR
31,773 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
2 establishment units
Hollandstraat 33, 2220 Heist-op-den-Berg
since 19612.006.419.363
Buvetex
since 20172.267.757.852
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0848/00H000 | Flanders | 9,368 m² | 1 · 5,117 m² | 8.1 m · 2 fl. |
| 12322H0012/00L002 | Flanders | 5,381 m² | 1 · 438 m² | 10.6 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.
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,969 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-08-1961
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400828348
Also
9925:BE0400828348
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.