NEW BUGES
ActiveSummary
NEW BUGES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €112k. Equity is shrinking by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency65▼-2
Growth68▲+19
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.63 in 2024; short-term debt: 60.4% and cash: 85.6% of total assets), and 60.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
39.6%
Return on assets
40.4%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 d early
2024
34 d early
2023
51 d early
2022
35 d early
2021
32 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€274k▲ 12.1%
2024 · €244k
2020: €222klowest in 6 years
2021: €243k▲ +9.5% vs 2020
2022: €239k▼ -1.9% vs 2021
2023: €252k▲ +5.4% vs 2022
2024: €244k▼ -2.9% vs 2023
2025: €274k▲ +12.1% vs 2024highest in 6 years
2020 → 2025
EBIT margin
50.5%▲ 4.7pp
2024 · 45.8%
2020: 49.8%
2021: 50.8%▲ +2.0% vs 2020highest in 6 years
2022: 46.5%▼ -8.6% vs 2021
2023: 47.9%▲ +3.2% vs 2022
2024: 45.8%▼ -4.5% vs 2023lowest in 6 years
2025: 50.5%▲ +10.3% vs 2024
2020 → 2025
Net result
€112k▲ 34.3%
2024 · €84k
2020: €101k
2021: €99k▼ -1.1% vs 2020
2022: €83k▼ -16.6% vs 2021lowest in 6 years
2023: €96k▲ +15.3% vs 2022
2024: €84k▼ -12.7% vs 2023
2025: €112k▲ +34.3% vs 2024highest in 6 years
2020 → 2025
Working capital
€71k▼ 28.6%
2024 · €100k
2020: €34klowest in 6 years
2021: €148k▲ +332% vs 2020
2022: €246k▲ +65.8% vs 2021highest in 6 years
2023: €120k▼ -51.2% vs 2022
2024: €100k▼ -17.0% vs 2023
2025: €71k▼ -28.6% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€243k-€239k▼ 1.9%€252k▲ 5.4%€244k▼ 2.9%€274k▲ 12.1%
2021: €243k
2022: €239k▼ -1.9% vs 2021lowest in 5 years
2023: €252k▲ +5.4% vs 2022
2024: €244k▼ -2.9% vs 2023
2025: €274k▲ +12.1% vs 2024highest in 5 years
Equity€206k-€289k▲ 40.3%€149k▼ 48.3%€115k▼ 22.8%€110k▼ 4.8%
2021: €206k
2022: €289k▲ +40.3% vs 2021highest in 5 years
2023: €149k▼ -48.3% vs 2022
2024: €115k▼ -22.8% vs 2023
2025: €110k▼ -4.8% vs 2024lowest in 5 years
Operating result€124k-€111k▼ 10.3%€121k▲ 8.8%€112k▼ 7.3%€138k▲ 23.6%
2021: €124k
2022: €111k▼ -10.3% vs 2021lowest in 5 years
2023: €121k▲ +8.8% vs 2022
2024: €112k▼ -7.3% vs 2023
2025: €138k▲ +23.6% vs 2024highest in 5 years
Net result€99k-€83k▼ 16.6%€96k▲ 15.3%€84k▼ 12.7%€112k▲ 34.3%
2021: €99k
2022: €83k▼ -16.6% vs 2021lowest in 5 years
2023: €96k▲ +15.3% vs 2022
2024: €84k▼ -12.7% vs 2023
2025: €112k▲ +34.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277k
Fixed assets
€39k ▲ 146%
Current assets
€239k ▼ 7.1%
Equity and liabilities €277k
Equity
€110k ▼ 4.8%
Debt
€168k ▲ 6.5%
Debt's share of the balance-sheet total rises from 57.7% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€150k▲
2024 · €126k
Cash flow
€124k▲
2024 · €97k
Current ratio
1.42▼
2024 · 1.63
Debt to equity
1.53▲
2024 · 1.37
ROE
102.2%▲
2024 · 72.5%
ROA
40.4%▲
2024 · 30.6%
Interest coverage
385.89▲
2024 · 235.64
Debt ≤ 1 year
€168k▲
2024 · €157k
Income taxes
€26k▼
2024 · €28k
Staff costs
€70k▲
2024 · €69k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€273k€277k▲
Fixed assets21/28€16k€39k▲
Intangible fixed assets21€12k€8k▼
Tangible fixed assets22/27€830€28k▲
Plant, machinery and equipment23€70-
Furniture and vehicles24€760€28k▲
Financial fixed assets28€3k€3k=
Current assets29/58€257k€239k▼
Amounts receivable within one year40/41€3k€1k▼
Trade receivables40€3k€956▼
Other amounts receivable41-€317
Cash at bank and in hand54/58€253k€237k▼
Deferred charges and accrued income490/1€457-
Equity and liabilities
Total equity and liabilities10/49€273k€277k▲
Equity10/15€115k€110k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€109k€104k▼
Amounts payable17/49€157k€168k▲
Amounts payable within one year42/48€157k€168k▲
Financial debts43€3k€3k▼
Credit institutions430/8€3k€3k▼
Trade debts44€742€1k▲
Suppliers440/4€742€1k▲
Taxes, remuneration and social security45€46k€54k▲
Taxes450/3€37k€44k▲
Remuneration and social security454/9€9k€9k▲
Other amounts payable47/48€107k€109k▲
Income statement
Code20242025
Turnover70€244k€274k▲
Goods, raw materials, services and sundry goods60/61€50k€53k▲
Remuneration, social security and pensions62€69k€70k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€402€843▲
Gross operating margin9900€195k€221k▲
Operating profit (loss)9901€112k€138k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€533€389▼
Recurring financial charges65€533€389▼
Profit (loss) for the period before taxes9903€111k€138k▲
Income taxes67/77€28k€26k▼
Profit (loss) for the period9904€84k€112k▲
Profit (loss) for the period to be appropriated9905€84k€112k▲
Appropriation of the result
Profit (loss) to be appropriated9906€227k€221k▼
Profit (loss) brought forward from the previous period14P€143k€109k▼
Profit to be distributed694/7€118k€118k=
Return on contributions (dividend)694€118k€118k=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €243k | €239k | €252k | €244k | €274k | ▲ 12.1% |
| Goods, raw materials, services and sundry goods60/61 | €47k | €50k | €50k | €50k | €53k | ▲ 6.0% |
| Remuneration, social security and pensions62 | €57k | €63k | €67k | €69k | €70k | ▲ 1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €14k | €14k | €12k | ▼ 12.1% |
| Other operating charges640/8 | €448 | €544 | €581 | €402 | €843 | ▲ 110% |
| Gross operating margin9900 | €196k | €189k | €202k | €195k | €221k | ▲ 13.6% |
| Operating profit (loss)9901 | €124k | €111k | €121k | €112k | €138k | ▲ 23.6% |
| Financial income75/76B | €9 | €2 | €97 | - | €0 | - |
| Recurring financial income75 | €9 | €2 | €97 | - | €0 | - |
| Financial charges65/66B | €262 | €310 | €473 | €533 | €389 | ▼ 26.9% |
| Recurring financial charges65 | €262 | €310 | €473 | €533 | €389 | ▼ 26.9% |
| Profit (loss) for the period before taxes9903 | €123k | €111k | €120k | €111k | €138k | ▲ 23.8% |
| Income taxes67/77 | €24k | €28k | €25k | €28k | €26k | ▼ 7.5% |
| Profit (loss) for the period9904 | €99k | €83k | €96k | €84k | €112k | ▲ 34.3% |
| Profit (loss) for the period to be appropriated9905 | €99k | €83k | €96k | €84k | €112k | ▲ 34.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €246k | €333k | €409k | €273k | €277k | ▲ 1.7% |
| Fixed assets21/28 | €58k | €43k | €29k | €16k | €39k | ▲ 146% |
| Intangible fixed assets21 | €23k | €19k | €15k | €12k | €8k | ▼ 32.4% |
| Tangible fixed assets22/27 | €32k | €21k | €11k | €830 | €28k | ▲ 3,216% |
| Plant, machinery and equipment23 | €3k | €2k | €911 | €70 | - | - |
| Furniture and vehicles24 | €28k | €19k | €10k | €760 | €28k | ▲ 3,522% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €189k | €290k | €380k | €257k | €239k | ▼ 7.1% |
| Amounts receivable within one year40/41 | €545 | €3k | €3k | €3k | €1k | ▼ 57.8% |
| Trade receivables40 | €545 | €3k | €3k | €3k | €956 | ▼ 68.3% |
| Other amounts receivable41 | - | - | - | - | €317 | - |
| Cash at bank and in hand54/58 | €188k | €287k | €376k | €253k | €237k | ▼ 6.3% |
| Deferred charges and accrued income490/1 | - | - | €800 | €457 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €246k | €333k | €409k | €273k | €277k | ▲ 1.7% |
| Equity10/15 | €206k | €289k | €149k | €115k | €110k | ▼ 4.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €200k | €283k | €143k | €109k | €104k | ▼ 5.0% |
| Amounts payable17/49 | €40k | €45k | €260k | €157k | €168k | ▲ 6.5% |
| Amounts payable within one year42/48 | €40k | €44k | €260k | €157k | €168k | ▲ 6.5% |
| Financial debts43 | €3k | €3k | €3k | €3k | €3k | ▼ 1.1% |
| Credit institutions430/8 | €3k | €3k | €3k | €3k | €3k | ▼ 1.1% |
| Trade debts44 | €394 | €1k | €799 | €742 | €1k | ▲ 62.8% |
| Suppliers440/4 | €394 | €1k | €799 | €742 | €1k | ▲ 62.8% |
| Taxes, remuneration and social security45 | €32k | €36k | €55k | €46k | €54k | ▲ 15.6% |
| Taxes450/3 | €24k | €27k | €46k | €37k | €44k | ▲ 18.7% |
| Remuneration and social security454/9 | €8k | €8k | €9k | €9k | €9k | ▲ 2.5% |
| Other amounts payable47/48 | €5k | €4k | €201k | €107k | €109k | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | €169 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99k | €83k | €96k | €84k | €112k | ▲ 34.3% |
| + Depreciation and write-downs630 | €14k | €14k | €14k | €14k | €12k | ▼ 12.1% |
| Operating cash flow (approximation) | €114k | €97k | €110k | €97k | €124k | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-35k | - |
| Change in cash | - | €99k | €89k | €-123k | €-16k | ▲ 86.9% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €112k ▲34.3%
Operating result €138k, net result €112k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €83k ▼16.6%
Net result drops to €83k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 4.68
Current ratio from 1.49 to 4.68; short-term debt falls from €70k to €40k.
31-12
Financial
Equity above €200kEq €206k ▲93.4%
2 profitable years in a row build equity to €206k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2020
Ground area
176 m²
Building footprint
96 m²
Volume, LiDAR
1,094 m³
Parcel 21445C0286/00S002, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
NEW BUGES
since 20202.298.694.023
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0286/00S002 | Brussels | 176 m² | 1 · 96 m² | 14.7 m · 4 fl. |
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 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,496 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
Founded31-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
buges.inter@skynet.be
Phone
026491340
Fax
026466271
Scores and ratios are computed by Checked and are not a credit decision.