Equity
€614,634 from €1.6m in 2008
Equity fell by 61% in 17 years.
SCI VAN BUGGENHOUT
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €300,068 (2023)
€108,066▼ 48.7%
lowest -€189,378 (2011)
-€92,082▼ €73,099
peak €1.6m (2008)
€614,634▼ 13.0%
€218,718▼ 27.5%
peak 0 FTE (2023)
-not published
Board6 names since 2020
3 directorsATGALLON and 2 others
Owners
Documentsfilings and deeds
15-07-202616 days before the deadline
2025abbreviated format
Gross margin from €210,762 to €108,066Loss of €92,082Equity from €706,716 to €614,634Debts from €301,692 to €218,718Cash from €21,117 to €7,210
Key points
from the 2025 annual accountsResult
-€92,082 ▼ 385%
The result fell in 2025 from -€18,983 to -€92,082.
Liquidity
1.62 was 1.05 in 2024
Short-term debts fell from €155,410 to €88,968.
Filings
35 annual accounts since 1991
The last five annual accounts were filed 16 to 37 days before the end of the period.
Restructuring
2024
Merger with PAS-INVEST. Merger on 30-08-2024.
Position in the sector
-€92,082
Lower net result than 88% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
81
Excellent
Financially stronger than 51% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 1.1%▲ +0.9 percentage points vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 1.3%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%▲ +0.1 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -1.4 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €92,082, the second in a row (financial year 2025)
1 change of registered office in 24 months
Liquidity: current ratio 1.62, cash €7,210, halved
lowers risk
Size: total assets €923,352
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 68, micro). It does better than 75% of them on solvency, 56% on liquidity, 46% on profitability and 26% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as SCI VAN BUGGENHOUT has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SCI VAN BUGGENHOUT itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for SCI VAN BUGGENHOUT. 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.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.62 (1.05 in 2024), above the usual 1.5. Short-term debt is 9.6% and cash 0.8% of total assets. 33.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€92,082
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
36 days early
2023
37 days early
2022
26 days early
2021
34 days early
2020
26 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Kapelle-op-den-Bos to Buggenhout
New registered office: Kalkenstraat 3 te 9255 Buggenhout · Previous registered office: Kuipersstraat 5, 1880 Kapelle-op-den-Bos · Board meeting of 24-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443670674
Merger: SCI VAN BUGGENHOUT takes over PAS-INVEST
Registered office moved from Londerzeel to Kapelle-op-den-Bos · Capital from €62,000 to €110,538.98, 1,958 new shares · Capital from €110,538.98 to €124,000 · General meeting of 14-06-2024 · Gazette deed
Merger proposal: SCI VAN BUGGENHOUT takes over PAS-INVEST
Permanent representative: Willem Pas · PAS-INVEST holds all the shares · The company holds 2,501 shares of SCI VAN BUGGENHOUT (56.09%) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SCI VAN BUGGENHOUT Buggenhout | €0.9m | €108,066 | 66.6% | - |
| IMPART Destelbergen | €1.0m | €93,019 | 83.2% | - |
| GOJO Beveren-Kruibeke-Zwijndrecht | €1.0m | €104,861 | 88.3% | 0 |
| CEVAMO Dendermonde | €1.1m | €100,784 | 87.3% | - |
| MARVEN Maarkedal | €0.8m | €93,855 | 14.8% | - |
| EDVERIM Sint-Katelijne-Waver | €1.0m | €106,647 | 90.3% | - |
| I.D.M. Mol | €1.0m | €97,968 | 98.2% | - |
These companies have the same main activity as SCI VAN BUGGENHOUT: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €809,000 and €1.1m, founded between 1988 and 1992.
Official details
Source: KBO- Status
- Active since 07-03-1991Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.384.333.3439255 Buggenhout, since 18-01-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Annual accounts 2025
- ≈ €160,000estimated
- €923,352▼ 15.9%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on SCI VAN BUGGENHOUT
SCI VAN BUGGENHOUT files the abbreviated format. That format states no turnover. The gross margin rose from €14,501 in 2006 to €108,066 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
PAS-INVEST holds all the shares. In August 2024, the Official Gazette published the appointment of ATGALLON as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SCI VAN BUGGENHOUT
- What is the company number of SCI VAN BUGGENHOUT?
- The company number of SCI VAN BUGGENHOUT is 0443.670.674. The VAT number is the same number with BE in front: BE 0443.670.674.
- Where is SCI VAN BUGGENHOUT based?
- The registered office is at Kalkenstraat 3, 9255 Buggenhout.Company details
- What does SCI VAN BUGGENHOUT do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of SCI VAN BUGGENHOUT?
- SCI VAN BUGGENHOUT is a public limited company (NV).
- When was SCI VAN BUGGENHOUT founded?
- SCI VAN BUGGENHOUT was founded on 07-03-1991.
- Is SCI VAN BUGGENHOUT still active?
- Yes, SCI VAN BUGGENHOUT is an active enterprise in the KBO register.
- What is the turnover of SCI VAN BUGGENHOUT?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €108,066 and 31 comparable companies (NACE 68201). It probably lies between €120,000 and €210,000.Financials
- Is SCI VAN BUGGENHOUT profitable?
- In financial year 2025, SCI VAN BUGGENHOUT made a loss of €92,082.
- Where can I find the annual accounts of SCI VAN BUGGENHOUT?
- SCI VAN BUGGENHOUT filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SCI VAN BUGGENHOUT due?
- SCI VAN BUGGENHOUT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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