ACTIVE

Buga

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Financial year 2025 · closed on 31/12/2025

Net result

853,3 k €

+138.8% YoY

Revenue

21,7 M €

+8.1% YoY

Equity

5,4 M €

+18.7% YoY

Workforce

9,5 ETP

-12.8% YoY

What does Buga do?

Buga is a Public limited company incorporated in 1972. Its registered office is in Westerlo. It employs on average 9,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.709.462

Incorporation

09/10/1972

Legal form

Public limited company

Registered office

Snelwegstraat 7
2260 Westerlo · FlandreSee on map

Contributed capital

470 000,00 €

Latest accounts

31/12/2025

Average workforce

9,5 ETP

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	21,7 M €	+8.1%	20,1 M €	-11.3%	22,7 M €	+7.3%	21,1 M €	+3.3%	20,4 M €	-3.5%	21,2 M €	-16.6%	25,4 M €	+2.6%	24,8 M €	+41.3%	17,5 M €	+15.7%	15,1 M €	+10.5%	13,7 M €	+11.3%	12,3 M €	+6.0%	11,6 M €	-0.3%	11,7 M €	-41.7%	20,0 M €	+10.3%	18,1 M €	-1.5%	18,4 M €	-40.4%	30,9 M €	+8.8%	28,4 M €	+39.0%	20,4 M €
EBITDA	690,1 k €	-1.9%	703,7 k €	-3.7%	730,5 k €	+18.0%	618,9 k €	+11.7%	554,2 k €	+20.4%	460,4 k €	+30.6%	352,6 k €	+20.0%	293,7 k €	+24.2%	236,5 k €	+23.1%	192,2 k €	+261%	53,3 k €	-81.1%	281,4 k €	+53.5%	183,2 k €	-37.0%	291,1 k €	-63.2%	791,6 k €	+54.7%	511,8 k €	+24.8%	410,2 k €	-28.5%	573,3 k €	-24.2%	756,4 k €	+124%	338,1 k €
Operating result	550,9 k €	-12.5%	629,8 k €	+20.2%	524,1 k €	-4.7%	550,2 k €	+7.2%	513,0 k €	+26.8%	404,5 k €	+38.7%	291,6 k €	+12.0%	260,3 k €	+15.4%	225,5 k €	+34.3%	167,9 k €	+2125%	7,5 k €	-97.1%	264,3 k €	+63.3%	161,8 k €	-23.0%	210,2 k €	-66.0%	618,8 k €	+149%	248,4 k €	+123%	111,5 k €	-60.8%	284,5 k €	-39.1%	467,0 k €	+576%	69,1 k €
Net result	853,3 k €	+139%	357,3 k €	+3.6%	344,8 k €	-5.5%	364,7 k €	+5.3%	346,5 k €	+31.0%	264,4 k €	+56.1%	169,4 k €	+16.7%	145,1 k €	+35.5%	107,1 k €	+60.6%	66,7 k €	+548%	10,3 k €	-86.3%	75,0 k €	+2786%	2,6 k €	-88.3%	22,2 k €	-98.7%	1,7 M €	+612%	234,1 k €	+126%	103,6 k €	-50.0%	207,1 k €	-24.4%	273,8 k €	+957%	-32,0 k €
Balance sheet
Equity	5,4 M €	+18.7%	4,6 M €	+8.5%	4,2 M €	+8.9%	3,9 M €	+10.4%	3,5 M €	+11.0%	3,2 M €	+9.2%	2,9 M €	+6.2%	2,7 M €	+5.6%	2,6 M €	+4.3%	2,5 M €	+2.8%	2,4 M €	+0.4%	2,4 M €	+3.2%	2,3 M €	+0.1%	2,3 M €	+1.0%	2,3 M €	+0.7%	2,3 M €	+11.5%	2,0 M €	+5.4%	1,9 M €	+12.0%	1,7 M €	+18.8%	1,5 M €
Total assets	26,0 M €	+2.0%	25,4 M €	+48.0%	17,2 M €	+14.4%	15,0 M €	+13.9%	13,2 M €	+23.5%	10,7 M €	-26.1%	14,4 M €	+5.1%	13,7 M €	+34.4%	10,2 M €	+29.6%	7,9 M €	-6.1%	8,4 M €	+7.5%	7,8 M €	-5.0%	8,2 M €	-3.4%	8,5 M €	-34.4%	13,0 M €	+172%	4,8 M €	-1.7%	4,9 M €	-16.2%	5,8 M €	-14.9%	6,8 M €	+19.3%	5,7 M €
Cash	426,4 k €	-61.8%	1,1 M €	+175%	406,5 k €	-57.9%	965,1 k €	+67.6%	575,9 k €	-69.2%	1,9 M €	-24.7%	2,5 M €	+128%	1,1 M €	+45.2%	750,6 k €	-32.9%	1,1 M €	-37.3%	1,8 M €	+237%	529,9 k €	-59.9%	1,3 M €	+74.5%	758,1 k €	-25.3%	1,0 M €	+11757%	8,6 k €	+5.7%	8,1 k €	-85.4%	55,4 k €	-74.9%	220,3 k €	+4900%	4,4 k €
Debts	19,9 M €	-1.2%	20,1 M €	+61.8%	12,4 M €	+16.1%	10,7 M €	+15.9%	9,2 M €	+30.7%	7,1 M €	-36.4%	11,1 M €	+4.6%	10,6 M €	+43.8%	7,4 M €	+43.0%	5,2 M €	-11.5%	5,8 M €	+12.4%	5,2 M €	-6.8%	5,6 M €	-5.8%	5,9 M €	-42.9%	10,4 M €	+382%	2,2 M €	-11.6%	2,4 M €	-31.2%	3,5 M €	-26.1%	4,8 M €	+19.0%	4,0 M €
Other
Workforce	9,5 ETP	-12.8%	10,9 ETP	-20.4%	13,7 ETP	-21.7%	17,5 ETP	-3.3%	18,1 ETP	-5.7%	19,2 ETP	-6.3%	20,5 ETP	-6.0%	21,8 ETP	+22.5%	17,8 ETP	-5.3%	18,8 ETP	-13.0%	21,6 ETP	-5.3%	22,8 ETP	-8.1%	24,8 ETP	+1.6%	24,4 ETP	-21.5%	31,1 ETP	-11.6%	35,2 ETP	-6.1%	37,5 ETP	-8.1%	40,8 ETP	-2.6%	41,9 ETP	-2.3%	42,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Guy Bens

Managing director · since 20 mai 2023 · until 20 mai 2029

Active

Lieve De Keersmaecker

Director · since 20 mai 2023 · until 20 mai 2029

Active

Ended mandates

Guy Bens

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Guy Bens

Managing director · since 20 mai 2017 · until 20 mai 2023

Ended

Lieve De Keersmaecker

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Guy Bens

Director · since 01 novembre 2011 · until 31 octobre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
BUGA GEEL● Active	0415.664.497
BUGA-LIMBURG● Active	0412.985.022
BUGA SINT TRUIDEN● Active	0435.076.573
ZAKENKANTOOR GUY BENS● Active	0535.563.328

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	17/06/2025	17/06/2024	13/06/2023	15/06/2022	16/06/2021
General meeting	16/05/2026	17/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	17/05/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	18/05/2024	17/06/2024	Dutch	PDF
Full model	31/12/2022	20/05/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	15/06/2022	Dutch	PDF
Full model	31/12/2020	15/05/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	16/05/2020	15/06/2020	Dutch	PDF
Full model	31/12/2018	18/05/2019	07/06/2019	Dutch	PDF
Full model	31/12/2017	19/05/2018	15/06/2018	Dutch	PDF
Full model	31/12/2016	20/05/2017	16/06/2017	Dutch	PDF
Full model	31/12/2015	21/05/2016	15/06/2016	Dutch	PDF
Full model	31/12/2014	16/05/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	17/05/2014	16/06/2014	Dutch	PDF
Full model	31/12/2012	18/05/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	24/07/2012	Dutch	PDF
Full model	31/12/2010	21/05/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	15/05/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	16/05/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	17/05/2008	27/06/2008	Dutch	PDF
Full model	31/12/2006	19/05/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Guy Bens

Managing director · since 20 mai 2023 · until 20 mai 2029

Active

Lieve De Keersmaecker

Director · since 20 mai 2023 · until 20 mai 2029

Active

Ended mandates

Guy Bens

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Guy Bens

Managing director · since 20 mai 2017 · until 20 mai 2023

Ended

Lieve De Keersmaecker

Director · since 20 mai 2017 · until 20 mai 2023

Ended

Guy Bens

Director · since 01 novembre 2011 · until 31 octobre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other29/08/2024
DOEL
PDF
Other27/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Court decision20/11/2023
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates30/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025853,3 k €↑
2024
Annual accounts 2024357,3 k €↑
2023
Annual accounts 2023344,8 k €↓
2022
Annual accounts 2022364,7 k €↑
2021
Annual accounts 2021346,5 k €↑
2020
Annual accounts 2020264,4 k €↑
2019
Annual accounts 2019169,4 k €↑
2018
Annual accounts 2018145,1 k €↑
2017
Annual accounts 2017107,1 k €↑
2016
Annual accounts 201666,7 k €↑
2015
Annual accounts 201510,3 k €↓
2014
Annual accounts 201475,0 k €↑
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 201222,2 k €↓
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 2010234,1 k €↑
2009
Annual accounts 2009103,6 k €↓
2008
Annual accounts 2008207,1 k €↓
2007
Annual accounts 2007273,8 k €↑
2006
Annual accounts 2006-32,0 k €
09/10/1972
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Buga

Overview

What does Buga do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline