LABUSE
ActiveSummary
LABUSE has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394,729 and a net result of €234,017. Equity has been stable since 2019 (±0% per year). Its solvency ranks better than 37% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-12-2018 Normal situation
- Activity
- Agents specialised in the wholesale of other particular products NACE 46180and 4 others
- Establishment unit
- 2.284.328.917 1560 Hoeilaart, since 18-12-2018
- Financial year end
- 30 June
- Peppol
- Reachable since 06-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €316,059
- ▼ 50.2%
- Turnover
- ≈ €1.6m
- estimated
- Profit
- €234,017
- ▼ 50.1%
- Equity
- €394,729
- ▲ 59.3%
- Total assets
- €1.6m
- ▲ 239%
- 2025 accounts filed 2 days after the deadline
Score breakdownraises riskFounded in 2018lowers riskSize: total assets €1.6mLiquidity: current ratio 1.31, cash €1.5mFigures for financial year 2025 (filed on 02-02-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 35% of them on solvency, 65% on liquidity, 81% on profitability and 89% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 14 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026843.
Annual accounts 2025 filed on 02-02-2026 PDF all 6 filings
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result for 2025 is 50% lower than in 2024. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,336 | €496 | €536 |
| Financial fixed assets | - | - | €205 | - |
| Depreciation and write-downs of the year | - | €620 | €558 | €554 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as LABUSE: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €1.4m and €2m, founded between 2018 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| LABUSE Hoeilaart | 2018 | €1.6m | €0.4m | €0.3m | €0.2m | - | 2025 |
| GOTTA PREMIUm CARS Visé | 2019 | €1.9m | €1.0m | €0.4m | €0.2m | - | 2025 |
| Natuurvlam Lokeren | 2018 | €2.0m | €0.3m | €0.4m | €0.05m | - | 2025 |
| MAGBAT-Europe Oudenaarde | 2018 | €1.7m | €0.4m | €0.3m | €0.09m | 1 | 2025 |
| EUROPE CARS TRADING Kortrijk | 2018 | €1.6m | €1.0m | €0.4m | €0.2m | 3.2 | 2025 |
| CORTES SALES Heist-op-den-Berg | 2018 | €1.4m | €0.7m | €0.4m | €0.3m | - | 2025 |
| THINCO Sint-Gillis-Waas | 2019 | €1.4m | €0.9m | €0.4m | €0.2m | - | 2025 |
They were chosen from the 1,931 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,684 companies had the same profile as LABUSE has now. Two years later, 1.3% had gone bankrupt and 97.3% were still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of LABUSE itself is lower: 0.1% within 12 months. It rests on far more data about LABUSE than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for LABUSE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €620 | €558 | €554 | ▼ 0.7% |
| Other operating charges640/8 | - | - | €216 | €1,215 | €966 | €964 | ▼ 0.2% |
| Gross operating margin9900 | €251,045 | €265,416 | €398,625 | €681,392 | €634,823 | €316,059 | ▼ 50.2% |
| Operating profit (loss)9901 | €250,313 | €262,960 | €398,409 | €679,558 | €633,300 | €314,541 | ▼ 50.3% |
| Financial income75/76B | - | - | €2 | - | - | €4,940 | - |
| Recurring financial income75 | €8 | €0 | €2 | - | - | €4,940 | - |
| Financial charges65/66B | - | - | €673 | €3,638 | €3,241 | €2,405 | ▼ 25.8% |
| Recurring financial charges65 | €1,764 | €648 | €673 | €3,638 | €3,241 | €2,405 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €248,556 | €262,312 | €397,738 | €675,919 | €630,059 | €317,075 | ▼ 49.7% |
| Income taxes67/77 | €68,230 | €62,692 | €103,845 | €169,127 | €160,920 | €83,058 | ▼ 48.4% |
| Profit (loss) for the period9904 | €180,326 | €199,620 | €293,893 | €506,792 | €469,139 | €234,017 | ▼ 50.1% |
| Profit (loss) for the period to be appropriated9905 | €180,326 | €199,620 | €293,893 | €506,792 | €469,139 | €234,017 | ▼ 50.1% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.3m | €0.6m | €0.8m | €0.6m | €0.5m | €1.6m | ▲ 239% |
| Fixed assets21/28 | - | €0.004m | €0.004m | €0.004m | €0.005m | €0.005m | ▼ 0.4% |
| Tangible fixed assets22/27 | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 0.4% |
| Furniture and vehicles24 | - | - | €0.004m | €0.004m | €0.004m | €0.004m | ▼ 0.4% |
| Financial fixed assets28 | - | - | - | - | €205 | €205 | = |
| Current assets29/58 | €0.3m | €0.6m | €0.8m | €0.6m | €0.5m | €1.6m | ▲ 241% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.4m | €0.1m | €0.004m | €0.1m | ▲ 30× |
| Trade receivables40 | - | - | €0.4m | €0.005m | €0.004m | €0.01m | ▲ 188% |
| Other amounts receivable41 | - | - | - | €0.1m | - | €0.1m | - |
| Current investments50/53 | - | - | - | - | €0.4m | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.3m | €0.4m | €0.5m | €0.08m | €1.5m | ▲ 19× |
| Deferred charges and accrued income490/1 | - | - | €470 | €0.005m | €0.001m | €0.002m | ▲ 295% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.3m | €0.6m | €0.8m | €0.6m | €0.5m | €1.6m | ▲ 239% |
| Equity10/15 | €0.2m | €0.4m | €0.4m | €0.4m | €0.2m | €0.4m | ▲ 59.3% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | €0.02m | - | - | - | - |
| Issued capital100 | - | - | €0.02m | - | - | - | - |
| Contributions outside capital11 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Other1109/19 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.2m | €0.4m | €0.4m | €0.4m | €0.2m | €0.4m | ▲ 64.7% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.4m | €0.2m | €0.2m | €1.3m | ▲ 424% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.4m | €0.2m | €0.2m | €1.3m | ▲ 424% |
| Trade debts44 | €0.01m | €310 | €0.005m | €0.002m | €0.006m | €0.007m | ▲ 11.8% |
| Suppliers440/4 | - | - | €0.005m | €0.002m | €0.006m | €0.007m | ▲ 11.8% |
| Taxes, remuneration and social security45 | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 58.8% |
| Taxes450/3 | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 58.8% |
| Other amounts payable47/48 | - | - | €0.2m | - | - | €1.2m | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | €0.2m | ▼ 50.1% |
| + Depreciation and write-downs630 | - | - | - | €0.001m | €0.001m | €0.001m | ▼ 0.7% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | €0.2m | ▼ 50.1% |
| Investment in fixed assets (approximation) | - | - | €0 | - | -€0.001m | -€0.001m | ▲ 23.5% |
| Change in cash | - | €0.3m | €0.1m | - | -€0.4m | €1.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00026843 | |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00023638 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00024321 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20314598 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64500577 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-47200093 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Marc-Antoine BUYSSCHAERT |
|
Articles of association
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Kan op elk moment worden ontbonden door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering om één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en vergoeding te bepalen, indien geen…”
Articles of association, deed of 20-12-2022 (in Dutch)
Network & group
Board mandates elsewhere
2 board mandatesCompanies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
07-07
Gazette deed
Amendment of the articles · Miscellaneous3 points ▸
- General meeting, 30-06-2026
- Amendment of the articles, 24
- Amendment of the articles, 17
20-12
Gazette deed
Change of role: Marc-Antoine BUYSSCHAERT, from manager to directorRegistered-office move · Capital conversion · Reserve release9 points ▸
- Director resignation, Marc-Antoine BUYSSCHAERT (manager)
- Director appointment, Marc-Antoine BUYSSCHAERT (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder voor uitoefening mandaat, volgende jaarvergadering” (deed in Dutch)
- Registered-office move
- General meeting, 14-12-2022
- Other provision, “unaniem, aanpassing statuten aan WVV en behoud rechtsvorm BV” (deed in Dutch)
- Capital conversion, “van rechtswege, nog niet gestort deel van het kapitaal” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, unaniem” (deed in Dutch)
- Amendment of the articles
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
16 activities
- Het uitoefenen van het beroep van adviseur/consultant in vastgoed alsook dat van vastgoedmakelaar
- Het commercialiseren, aankopen, verkopen, huren, verhuren, importeren, exporteren, opschikken, uitrusten, inrichten, valoriseren, taxeren, beheren, renoveren, verbouwen, verkavelen en exploiteren van allerhande roerende en onroerende goederen en van alle bebouwde en onbebouwde eigendommen en het optreden in deze handel als adviseur, consultant, tussenpersoon, agent of commissaris
- Het voeren van marktonderzoek in de sector van het onroerend goed
- Projectontwikkeling, uitvoeren en waarnemen van interim management en project management, asset management
- Het inkopen, verkopen, verhuren, importeren en exporteren, en stallen van oldtimers, classic cars en personenwagens
- Het organiseren van rondritten en evenementen voor oldtimers, classic cars en personenwagens
- Handelsbemiddeling in oldtimers, classic cars en personenwagens
- Algemeen onderhoud en reparatie van oldtimers, classic cars en personenwagens; met andere woorden alle werkzaamheden in verband met deze voertuigen in de meest uitgebreide zin van het woord
- Het deelnemen in en het directie voeren over ondernemingen en vennootschappen, alsook het uitoefenen van de functie van bestuurder of analoge functies zoals vereffenaar
- Het verlenen van adviezen en bijstand inzake organisatie, management en bestuur in de ruimste zin
- Het aankopen, beheren, verkopen, omruilen voor eigen rekening of voor derden van juwelen en uurwerken in de ruimste zin van het woord
- Het aankopen en beheren van een kunstpatrimonium voor eigen rekening of voor derden en dat in de meest ruime zin: de aankoop, verkoop, het verhuren, het tentoonstellen tegen vergoeding van kunstwerken en in het algemeen van handel in de kunst
- Het vervaardigen, uitvoeren, monteren, herstellen of leveren van schrijn- en timmerwerken aan gebouwen, buiten- en binnenschrijnwerk van hout of van kunststof: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enzovoort, in de ruimste zin
- De import en export van wijn, de groot- en kleinhandel in, alsook de thuislevering, van wijnen en benodigdheden en het organiseren van proeverijen, cursussen, opendeurdagen en in het algemeen alle activiteiten omtrent wijnen
- Het organiseren van seminaries en evenementen, met of zonder catering, evenals haar logistieke ondersteuning
- Het aankopen, onderschrijven, beheren, verkopen, omruilen voor eigen rekening van aandelen, deelbewijzen en effecten van vennootschappen en verenigingen alsmede van andere roerende en onroerende waarden, tegoeden en vorderingen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23033A0600/00C003 | Flanders | 1,859 m² | 1 · 89 m² | 11.2 m · 3 |
| 23033A0602/00D000 | Flanders | 462 m² | 1 · 146 m² | - |