NORMAL SITUATION

BUSECO

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Financial year 2025 · closed on 31/12/2025

Net result

3,8 k €

-74.3% YoY

Revenue

32,8 k €

-33.6% YoY

Equity

50,3 k €

+8.1% YoY

Company — Normal situation.

Strike-off: 02 juillet 2026

What does BUSECO do?

BUSECO is a Private limited company incorporated in 1991.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.507.043

Incorporation

22/10/1991

Legal form

Private limited company

Contributed capital

20 460,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	32,8 k €	-33.6%	49,3 k €	-13.7%	57,2 k €	+0.4%	56,9 k €	+7.1%	53,2 k €	+4.7%	50,8 k €	-0.3%	51 k €	-3.7%	52,9 k €	-0.1%	53 k €	+17.3%	45,2 k €	+3.3%	43,7 k €	+2.3%	42,7 k €	+4.1%	41,1 k €		–		49,1 k €	+6.7%	46 k €	-4.8%	48,4 k €	+0.8%	48 k €	-37.3%	76,6 k €	+11.5%	68,7 k €
EBITDA	9,3 k €	-63.7%	25,7 k €	+352%	5,7 k €	+85.5%	3,1 k €	-55.5%	6,9 k €	+149%	2,8 k €	+194%	-3 k €	-166%	4,5 k €	-54.1%	9,7 k €	+109%	4,6 k €	+14.9%	4 k €	+50.7%	2,7 k €	+382%	-951 €	+61.2%	-2,4 k €	-215%	2,1 k €	+17658%	12 €	-99.6%	2,8 k €	-23.9%	3,7 k €	+65.4%	2,2 k €	-14.3%	2,6 k €
Operating result	5,9 k €	-74.7%	23,2 k €	+327%	5,4 k €	+93.3%	2,8 k €	-58.8%	6,8 k €	+505%	1,1 k €	+138%	-3 k €	-166%	4,5 k €	-52.4%	9,4 k €	+136%	4 k €	+79.3%	2,2 k €	-2.9%	2,3 k €	+144%	-5,1 k €	-83.7%	-2,8 k €	-309%	1,3 k €	+174%	-1,8 k €	-183%	2,2 k €	+211%	697 €	-37.1%	1,1 k €	-46.5%	2,1 k €
Net result	3,8 k €	-74.3%	14,7 k €	+337%	3,4 k €	+126%	1,5 k €	-69.1%	4,8 k €	+1453%	311 €	+110%	-3,2 k €	-210%	2,9 k €	-53.5%	6,2 k €	+954%	593 €	-59.0%	1,4 k €	+21.2%	1,2 k €	+120%	-6,1 k €	-66.6%	-3,6 k €	-781%	534 €	+125%	-2,1 k €	-308%	1 k €	+275%	271 €	-49.5%	537 €	-49.2%	1,1 k €
Balance sheet
Equity	50,3 k €	+8.1%	46,5 k €	+46.3%	31,8 k €	+11.9%	28,4 k €	+5.5%	26,9 k €	+21.8%	22,1 k €	+1.4%	21,8 k €	-9.2%	24 k €	+19.4%	20,1 k €	+62.8%	12,3 k €	+14.8%	10,8 k €	+37.7%	7,8 k €	+29.8%	6 k €	-45.3%	11 k €	-24.9%	14,6 k €	+3.8%	14,1 k €	-13.1%	16,2 k €	+6.7%	15,2 k €	+1.8%	14,9 k €	+3.7%	14,4 k €
Total assets	70 k €	+8.3%	64,6 k €	+31.6%	49,1 k €	+22.4%	40,1 k €	+11.3%	36 k €	+19.7%	30,1 k €	+6.0%	28,4 k €	-21.7%	36,2 k €	+15.0%	31,5 k €	+32.7%	23,7 k €	-5.1%	25 k €	+26.5%	19,8 k €	-3.0%	20,4 k €	+17.2%	17,4 k €	-36.3%	27,3 k €	+35.3%	20,2 k €	-12.9%	23,2 k €	-5.0%	24,4 k €	-29.6%	34,7 k €	+4.4%	33,2 k €
Cash	59,7 k €	+315%	14,4 k €	+779%	1,6 k €	-36.0%	2,6 k €	+26.2%	2 k €	+207%	660,2 €	-54.8%	1,5 k €	+107%	708 €	+267%	193 €	+69.3%	114 €	-75.0%	456 €	+124%	204 €	+325%	48 €	-45.5%	88 €	-39.7%	146 €	-84.6%	949 €	-51.8%	2 k €	+112%	930 €	-82.9%	5,5 k €	+490%	924 €
Debts	15,8 k €	-12.6%	18 k €	+4.5%	17,3 k €	+48.2%	11,6 k €	+28.6%	9,1 k €	+13.7%	8 k €	+21.0%	6,6 k €	-46.2%	12,2 k €	+7.8%	11,4 k €	+1.3%	11,2 k €	-20.5%	14,1 k €	+20.3%	11,7 k €	-17.1%	14,1 k €	+126%	6,2 k €	-50.5%	12,6 k €	+106%	6,1 k €	-9.6%	6,8 k €	-26.2%	9,2 k €	-53.6%	19,7 k €	+33.9%	14,7 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Suzanne DE BECKER

Mandate

Active

Ended mandates

Ghislaine LALOY

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	08/05/2026	31/07/2025	29/08/2024	29/08/2023	23/08/2022	30/08/2021
General meeting	28/04/2026	23/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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
Abridged model	31/12/2025	28/04/2026	08/05/2026	French	PDF
Abridged model	31/12/2024	23/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	23/08/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	11/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	26/06/2007	17/07/2007	French	PDF

Estimate

Indicative valuation

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 · 1 active · 1 ended

Active mandates

Suzanne DE BECKER

Mandate

Active

Ended mandates

Ghislaine LALOY

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution10/07/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
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 20253,8 k €↓
2024
Annual accounts 202414,7 k €↑
2023
Annual accounts 20233,4 k €↑
2022
Annual accounts 20221,5 k €↓
2021
Annual accounts 20214,8 k €↑
2020
Annual accounts 2020311 €↑
2019
Annual accounts 2019-3,2 k €↓
2018
Annual accounts 20182,9 k €↓
2017
Annual accounts 20176,2 k €↑
2016
Annual accounts 2016593 €↓
2015
Annual accounts 20151,4 k €↑
2014
Annual accounts 20141,2 k €↑
2013
Annual accounts 2013-6,1 k €↓
2012
Annual accounts 2012-3,6 k €↓
2011
Annual accounts 2011534 €↑
2010
Annual accounts 2010-2,1 k €↓
2009
Annual accounts 20091 k €↑
2008
Annual accounts 2008271 €↓
2007
Annual accounts 2007537 €↓
2006
Annual accounts 20061,1 k €
22/10/1991
IncorporationPrivate 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

BUSECO

Overview

What does BUSECO do?

Trend over 20 financial years

Board of directors

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