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BUL-TECH

Active
Private limited company·Algemene bouw van residentiële gebouwen· 3 yrs active
Steenweg op Mechelen 455 ·1950 Kraainem, Belgium
KBO/BCE: BE 0802.770.713
Watch Print / PDF
Belgian State Gazette acts: 0 of 1 read
Age3 yrs
Real estate1 parcel · 1.1 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BUL-TECH is 4.8% (elevated). The 2024 annual accounts show negative equity (€-10k) and a net result of €-12k. Its solvency ranks better than 5% of 3842 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
4.8% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 30-09-2025 61 d late 2025-00534256

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-12k
Working capital€-32k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -31.0% 39.5%
better than 5% of 3842 sector peers
Net result €-12k €9k
better than 9% of 3838 sector peers
Equity €-10k €29k
better than 6% of 3847 sector peers
Gross operating margin €-4k €26k
better than 8% of 3835 sector peers
Total assets €33k €85k
better than 21% of 3843 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-4k
Net profit€-12k
Cash flow€-4k
Staff costs-
Income taxes-
Dividends-
Total assets€33k
Equity€-10k
Debt€43k
of which ≤ 1y€43k
of which > 1y-
Working capital€-32k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.25
Quick ratio0.25
Working capital ratio-98.1%
Solvency-31.0%
Debt / equity-4.23
Long-term debt ratio-
Interest coverage-17.28
Gross margin-
Net margin-
ROA-37.0%
ROE119.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€33k
Fixed assets 21/28€22k
Tangible fixed assets 22/27€22k
Current assets 29/58€11k
Amounts receivable within one year 40/41€9k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€33k
Equity 10/15€-10k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€-12k
Amounts payable 17/49€43k
Amounts payable within one year 42/48€43k
Trade debts payable within one year 44€945
Income statement
Gross operating margin 9900€-4k
Operating result 9901€-12k
Financial income 75€0
Financial charges 65€214
Result before taxes 9903€-12k
Net result for the period 9904€-12k
Result to be appropriated 9905€-12k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
10 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
BUL-TECH
Steenweg op Mechelen 455, 1950 KraainemReparatie en onderhoud van verwarmingsinstallaties
since 20232.346.214.323
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.1 ha
Buildings1
Building footprint865 m²
Volume (LiDAR)33,994 m³
Tallest building42.8 m · ±14 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22002C0073/00N009 Flanders 1.1 ha 1 · 865 m² 42.8 m · 14 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

4 of 5 axes measured
Health10Profitability100Solvency33Growth-Stability79
56 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 10
Profitability 100
Solvency 33
Growth -
Stability 79

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 5,402 of the 29,622 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene elektrotechnische installatiewerken43211Elektrotechnische installatiewerken van nijverheidsinrichtingen43212
Primary activity highlighted.
Names & trade names
Legal nameNL BUL-TECH
Registered office
Steenweg op Mechelen 455 bus 1
1950 Kraainem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.