Summary
Buyse Engineering is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €37,000 and a net result of €11,426. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 8102 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-03-2026, 133 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
133 d early
2024
66 d early
2023
120 d early
2022
41 d early
2021
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 71 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 26 May (4 of the last 5 filed years within 67 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€37,000▼ 68.0%
2024 · €115,500
Net result
€11,426▼ 77.0%
2024 · €49,754
Total assets
€178,068▼ 45.7%
2024 · €328,168
Solvency
20.8%▼ 14.4pp
2024 · 35.2%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 64, Financial service activities, except insurance and pension funding, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,964-€127,934▲ 277%€84,784▼ 33.7%€63,192▼ 25.5%€11,082▼ 82.5%
Net result€24,762within the sector's middle half-€90,742above the sector's middle half▲ 266%€66,001within the sector's middle half▼ 27.3%€49,754within the sector's middle half▼ 24.6%€11,426within the sector's middle half▼ 77.0%
Equity€26,462below the sector's middle half-€116,404within the sector's middle half▲ 340%€182,405within the sector's middle half▲ 56.7%€115,500within the sector's middle half▼ 36.7%€37,000within the sector's middle half▼ 68.0%
Total assets€51,938below the sector's middle half-€178,046within the sector's middle half▲ 243%€373,375within the sector's middle half▲ 110%€328,168within the sector's middle half▼ 12.1%€178,068within the sector's middle half▼ 45.7%
Debt€25,476-€61,642▲ 142%€190,970▲ 210%€212,668▲ 11.4%€141,068▼ 33.7%
Working capital€16,930within the sector's middle half-€102,111within the sector's middle half▲ 503%€330,559above the sector's middle half▲ 224%€227,209above the sector's middle half▼ 31.3%-€14,801within the sector's middle half
Solvency50.9%within the sector's middle half-65.4%within the sector's middle half▲ 14.4pp48.9%within the sector's middle half▼ 16.5pp35.2%within the sector's middle half▼ 13.7pp20.8%within the sector's middle half▼ 14.4pp
Current ratio1.67within the sector's middle half-2.66within the sector's middle half▲ 0.9911.68above the sector's middle half▲ 9.023.45within the sector's middle half▼ 8.230.83within the sector's middle half▼ 2.62
Return on assets (ROA)47.7%above the sector's middle half-51.0%above the sector's middle half▲ 3.3pp17.7%within the sector's middle half▼ 33.3pp15.2%within the sector's middle half▼ 2.5pp6.4%within the sector's middle half▼ 8.7pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178,068
Fixed assets
€104,283 ▲ 1,158%
Current assets
€73,784 ▼ 76.9%
Equity and liabilities €178,068
Equity
€37,000 ▼ 68.0%
Debt
€141,068 ▼ 33.7%
Debt's share of the balance-sheet total rises from 64.8% to 79.2%. Equity and debt are lower.
Key figures and ratios
ROE
30.9%▼
2024 · 43.1%
Debt ≤ 1 year
€88,585▼
2024 · €92,666
Debt > 1 year
€52,481▼
2024 · €120,000
Income taxes
€4,812▼
2024 · €14,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €75 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €570 | €4,186 | €6,932 | €8,139 | €13,222 | ▲ 62.5% |
| Other operating charges640/8 | €393 | €729 | €722 | €717 | €941 | ▲ 31.2% |
| Gross operating margin9900 | €34,926 | €132,849 | €92,438 | €72,048 | €25,244 | ▼ 65.0% |
| Operating profit (loss)9901 | €33,964 | €127,934 | €84,784 | €63,192 | €11,082 | ▼ 82.5% |
| Financial income75/76B | €11 | €25 | €0 | €779 | €6,007 | ▲ 671% |
| Recurring financial income75 | €11 | €0 | €0 | €779 | €5,923 | ▲ 661% |
| Non-recurring financial income76B | - | €25 | €0 | - | €84 | - |
| Financial charges65/66B | €30 | €93 | €97 | €102 | €851 | ▲ 738% |
| Recurring financial charges65 | €30 | €93 | €97 | €102 | €851 | ▲ 738% |
| Profit (loss) for the period before taxes9903 | €33,945 | €127,867 | €84,687 | €63,869 | €16,238 | ▼ 74.6% |
| Income taxes67/77 | €9,184 | €37,124 | €18,686 | €14,115 | €4,812 | ▼ 65.9% |
| Profit (loss) for the period9904 | €24,762 | €90,742 | €66,001 | €49,754 | €11,426 | ▼ 77.0% |
| Profit (loss) for the period to be appropriated9905 | €24,762 | €90,742 | €66,001 | €49,754 | €11,426 | ▼ 77.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,938 | €178,046 | €373,375 | €328,168 | €178,068 | ▼ 45.7% |
| Fixed assets21/28 | €9,556 | €14,293 | €11,859 | €8,292 | €104,283 | ▲ 1,158% |
| Tangible fixed assets22/27 | €9,556 | €14,293 | €11,859 | €8,292 | €104,283 | ▲ 1,158% |
| Plant, machinery and equipment23 | €8,737 | €10,336 | €8,765 | €5,356 | €2,472 | ▼ 53.8% |
| Furniture and vehicles24 | €819 | €3,957 | €3,094 | €2,936 | €90,749 | ▲ 2,991% |
| Other tangible fixed assets26 | - | - | - | - | €11,063 | - |
| Current assets29/58 | €42,381 | €163,754 | €361,516 | €319,876 | €73,784 | ▼ 76.9% |
| Amounts receivable after more than one year29 | - | €8,000 | €259,000 | €240,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €8,000 | €259,000 | €240,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | €3,412 | €2,137 | €3,405 | €0 | ▼ 100% |
| Stocks30/36 | - | €3,412 | €2,137 | €3,405 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €30,250 | €123,668 | €59,185 | €56,181 | €32,477 | ▼ 42.2% |
| Trade receivables40 | €30,250 | €123,264 | €59,185 | €51,656 | €29,191 | ▼ 43.5% |
| Other amounts receivable41 | - | €404 | €0 | €4,524 | €3,286 | ▼ 27.4% |
| Cash at bank and in hand54/58 | €10,432 | €25,413 | €40,381 | €19,184 | €41,307 | ▲ 115% |
| Deferred charges and accrued income490/1 | €1,699 | €3,261 | €813 | €1,105 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,938 | €178,046 | €373,375 | €328,168 | €178,068 | ▼ 45.7% |
| Equity10/15 | €26,462 | €116,404 | €182,405 | €115,500 | €37,000 | ▼ 68.0% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €23,500 | €113,000 | €113,000 | €113,000 | €34,500 | ▼ 69.5% |
| Distributable reserves133 | €23,500 | €113,000 | €113,000 | €113,000 | €34,500 | ▼ 69.5% |
| Profit (loss) carried forward14 | €462 | €904 | €66,905 | €0 | €0 | - |
| Amounts payable17/49 | €25,476 | €61,642 | €190,970 | €212,668 | €141,068 | ▼ 33.7% |
| Amounts payable after more than one year17 | - | - | €160,000 | €120,000 | €52,481 | ▼ 56.3% |
| Financial debts170/4 | - | - | €160,000 | €120,000 | €52,481 | ▼ 56.3% |
| Amounts payable within one year42/48 | €25,451 | €61,642 | €30,957 | €92,666 | €88,585 | ▼ 4.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €13,213 | - |
| Trade debts44 | €5,991 | €5,335 | €10,503 | €7,290 | €2,753 | ▼ 62.2% |
| Suppliers440/4 | €5,991 | €5,335 | €10,503 | €7,290 | €2,753 | ▼ 62.2% |
| Taxes, remuneration and social security45 | €15,939 | €55,507 | €20,115 | €3,522 | €6,193 | ▲ 75.9% |
| Taxes450/3 | €15,939 | €55,507 | €19,955 | €3,362 | €6,033 | ▲ 79.5% |
| Remuneration and social security454/9 | - | - | €160 | €160 | €160 | = |
| Other amounts payable47/48 | €3,521 | €800 | €339 | €81,855 | €66,426 | ▼ 18.8% |
| Accrued charges and deferred income492/3 | €25 | €0 | €13 | €1 | €1 | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,762 | €90,742 | €66,001 | €49,754 | €11,426 | ▼ 77.0% |
| + Depreciation and write-downs630 | €570 | €4,186 | €6,932 | €8,139 | €13,222 | ▲ 62.5% |
| Operating cash flow (approximation) | €25,331 | €94,928 | €72,933 | €57,893 | €24,648 | ▼ 57.4% |
| Investment in fixed assets (approximation) | - | -€8,922 | -€4,498 | -€4,572 | -€109,213 | ▼ 2,289% |
| Change in cash | - | €14,981 | €14,968 | -€21,197 | €22,123 | ▲ 204% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €11,426 ▼77%
Net result drops to €11,426, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 11.68
Current ratio from 2.66 to 11.68; short-term debt falls from €61,642 to €30,957.
31-12
Financial
Equity above €150,000Eq €182,405 ▲56.7%
3 profitable years in a row build equity to €182,405.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €90,742 ▲266%
Operating result €127,934, net result €90,742, both a record.
31-12
Financial
Equity above €100,000Eq €116,404 ▲340%
2 profitable years in a row build equity to €116,404.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Martens-Latem · 1 establishment unit since 2021
Ground area
1,237 m²
Building footprint
131 m²
Parcel 44015B0357/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Buyse Engineering
since 20212.320.607.907
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015B0357/00Y000 | Flanders | 1,237 m² | 1 · 131 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 9,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772694674
Also
9925:BE0772694674
Registered
20-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.