BUYSE
ActiveSummary
BUYSE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.73M and a net result of €222k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2026
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability78▼-3
Solvency80▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.95 in 2025; short-term debt: 42.3% and cash: 4.3% of total assets), and 45.4% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2026Solvency, return and age of the figures
Solvency
54.6%
Return on assets
7%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
38 d early
2025
22 d early
2024
28 d early
2023
18 d early
2022
17 d early
2021
16 d early
2020
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€1.73M▲ 4.0%
2025 · €1.66M
2019: €1.16M
2021: €1.26M
2022: €1.31M
2023: €1.36M
2024: €1.51M
2025: €1.66M
2019 → 2026
Total assets
€3.16M▲ 1.9%
2025 · €3.10M
2019: €2.59M
2021: €2.16M
2022: €2.38M
2023: €2.24M
2024: €2.78M
2025: €3.10M
2019 → 2026
Net result
€222k▼ 25.7%
2025 · €299k
2019: €120k
2021: €114k
2022: €121k
2023: €155k
2024: €320k
2025: €299k
2019 → 2026
Working capital
€1.32M▲ 5.9%
2025 · €1.24M
2019: €799k
2021: €981k
2022: €1.07M
2023: €1.09M
2024: €1.12M
2025: €1.24M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€1.31M-€1.36M▲ 3.8%€1.51M▲ 11.2%€1.66M▲ 9.7%€1.73M▲ 4.0%
Operating result€142k-€174k▲ 22.5%€378k▲ 117%€369k▼ 2.6%€270k▼ 26.8%
Net result€121k-€155k▲ 28.4%€320k▲ 106%€299k▼ 6.6%€222k▼ 25.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 27% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €3.16M
Fixed assets
€507k ▼ 7.9%
Current assets
€2.65M ▲ 4.1%
Equity and liabilities €3.16M
Equity
€1.73M ▲ 4.0%
Debt
€1.43M ▼ 0.4%
Debt's share of the balance-sheet total falls from 46.4% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€422k▼
2025 · €511k
Cash flow
€375k▼
2025 · €442k
Current ratio
1.99▲
2025 · 1.95
Quick ratio
1.69▲
2025 · 1.55
Debt to equity
0.83▼
2025 · 0.87
ROE
12.9%▼
2025 · 18.0%
ROA
7.0%▼
2025 · 9.6%
Interest coverage
19.32▼
2025 · 22.57
Debt ≤ 1 year
€1.33M▲
2025 · €1.30M
Debt > 1 year
€94k▼
2025 · €119k
Income taxes
€34k▼
2025 · €59k
Staff costs
€1.76M▲
2025 · €1.58M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 60 lines
Balance sheet
Code20252026
Assets
Total assets20/58€3.10M€3.16M▲
Fixed assets21/28€550k€507k▼
Intangible fixed assets21€75k€60k▼
Tangible fixed assets22/27€410k€389k▼
Land and buildings22€7k€5k▼
Plant, machinery and equipment23€108k€104k▼
Furniture and vehicles24€270k€258k▼
Other tangible fixed assets26€25k€22k▼
Financial fixed assets28€65k€58k▼
Current assets29/58€2.55M€2.65M▲
Stocks and contracts in progress3€524k€400k▼
Stocks30/36€104k€104k▲
Contracts in progress37€421k€296k▼
Amounts receivable within one year40/41€1.61M€2.09M▲
Trade receivables40€1.57M€2.05M▲
Other amounts receivable41€40k€36k▼
Cash at bank and in hand54/58€377k€134k▼
Deferred charges and accrued income490/1€34k€29k▼
Equity and liabilities
Total equity and liabilities10/49€3.10M€3.16M▲
Equity10/15€1.66M€1.73M▲
Contributions10/11€19k€19k=
Reserves13€1.64M€1.71M▲
Tax-exempt reserves132€117€117=
Distributable reserves133€1.64M€1.71M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.44M€1.43M▼
Amounts payable after more than one year17€119k€94k▼
Financial debts170/4€119k€94k▼
Amounts payable within one year42/48€1.30M€1.33M▲
Current portion of amounts payable after more than one year42€86k€85k▼
Trade debts44€771k€723k▼
Suppliers440/4€771k€723k▼
Advances received on contracts in progress46€10k€0▼
Taxes, remuneration and social security45€265k€260k▼
Taxes450/3€30k€33k▲
Remuneration and social security454/9€234k€226k▼
Other amounts payable47/48€172k€266k▲
Accrued charges and deferred income492/3€16k€4k▼
Income statement
Code20252026
Non-recurring operating income76A€8k€6k▼
Remuneration, social security and pensions62€1.58M€1.76M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€152k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€0▼
Other operating charges640/8€10k€9k▼
Non-recurring operating charges66A-€207
Gross operating margin9900€2.11M€2.19M▲
Operating profit (loss)9901€369k€270k▼
Financial income75/76B€13k€8k▼
Recurring financial income75€13k€8k▼
Financial charges65/66B€23k€22k▼
Recurring financial charges65€23k€22k▼
Profit (loss) for the period before taxes9903€358k€256k▼
Income taxes67/77€59k€34k▼
Profit (loss) for the period9904€299k€222k▼
Profit (loss) for the period to be appropriated9905€299k€222k▼
Appropriation of the result
Profit (loss) to be appropriated9906€299k€222k▼
Transfer to equity691/2€147k€67k▼
To other reserves6921€147k€67k▼
Profit to be distributed694/7€152k€156k▲
Directors or managers695€152k€156k▲
Social balance
Average headcount (FTE)908722.624.8▲
The notes to these accounts (28 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 2027, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €320k ▲106%
Operating result €378k, net result €320k, both a record.
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €114k ▼5.5%
Net result drops to €114k, the lowest in the series; recovery starts the following year.
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2003
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.
Spieveldstraat 199160 LokerenGround area
4,042 m²
Building footprint
1,233 m²
Volume, LiDAR
8,360 m³
Parcel 46382B1301/00B000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Spieveldstraat 19, 9160 Lokeren
since 20032.112.127.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1301/00B000 | Flanders | 4,042 m² | 1 · 1,233 m² | 8.8 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 6,306 EUR awarded · 6,666 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,847 EUR | 3,847 EUR |
| 2024 | 1 | 1,277 EUR | 1,277 EUR |
| 2023 | 1 | 188 EUR | 548 EUR |
| 2022 | 2 | 994 EUR | 994 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Recognised contractor
19 categoriesBUYSE BV24356
Dual-learning approval
1 live approval · 7 endedBinnenschrijnwerk en interieur duaal (so)
Show 7 ended approvals
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Binnenschrijnwerker (so)
Machinaal houtbewerker (so)
Plaatser binnenschrijnwerk (so)
Werkplaatsbinnenschrijnwerker hout (so)
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Rollvolet
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 3,225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-1989
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
43310Plastering work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.