ACTIVE

BULO

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Financial year 2025 · closed on 31/12/2025

Net result

-1 M €

-3740.9% YoY

Revenue

12,3 M €

-24.0% YoY

Equity

4,9 M €

-17.1% YoY

Workforce

28,1 ETP

-5.1% YoY

What does BULO do?

BULO is a Public limited company incorporated in 1997. Its main activity is: Wholesale of furniture, carpets and lighting equipment. Its registered office is in Mechelen. It employs on average 28,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.905.605

Incorporation

28/01/1997

Legal form

Public limited company

Registered office

Blarenberglaan 6
2800 Mechelen · FlandreSee on map

Contributed capital

7 474 512,19 €

Latest accounts

31/12/2025

Average workforce

28,1 ETP

Activities (NACE)

46472Wholesale of furniture, carpets and lighting equipment· main 46500Wholesale of information and communication equipment 46650Wholesale of office furniture 46660Wholesale of other office machinery and equipment 51850Air transport

Joint committees (5)

126
12600
14904
200
218

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	12,3 M €	-24.0%	16,2 M €	+17.8%	13,7 M €	-5.5%	14,6 M €	+1.7%	14,3 M €	+10.3%	13 M €	+14.3%	11,3 M €	-10.8%	12,7 M €	-47.3%	24,1 M €	+32.9%	18,2 M €	-5.4%	19,2 M €	+7.1%	17,9 M €	-0.4%	18 M €	-38.4%	29,2 M €	-5.5%	30,9 M €	+9.6%	28,2 M €
EBITDA	-437,1 k €	-12.9%	-387 k €	-163%	617,3 k €	-57.3%	1,4 M €	+541%	225,4 k €	-60.9%	576,5 k €	+88.7%	305,5 k €	+501%	-76,2 k €	+97.7%	-3,3 M €	-975%	382,5 k €	+10.0%	347,8 k €	+11.8%	311 k €	+112%	146,4 k €	-92.5%	1,9 M €	+45.1%	1,3 M €	-6.7%	1,4 M €
Operating result	-915,4 k €	-2798%	33,9 k €	+125%	-135,6 k €	-121%	660,9 k €	+215%	-574,8 k €	-73.9%	-330,5 k €	-266%	199,2 k €	+211%	-179,5 k €	+94.9%	-3,5 M €	-2232%	165,7 k €	-25.4%	222,1 k €	+187%	77,5 k €	+139%	-197,9 k €	-112%	1,6 M €	+83.4%	875 k €	-21.8%	1,1 M €
Net result	-1 M €	-3741%	27,9 k €	+119%	-148,7 k €	-123%	649 k €	+208%	-600,5 k €	-36.6%	-439,7 k €	-249%	294,9 k €	-92.6%	4 M €	+201%	-4 M €	-1843%	-203,3 k €	-427%	62,1 k €	+123%	-267,8 k €	-237%	195,3 k €	-74.5%	766,5 k €	-20.2%	960,2 k €	-2.4%	983,7 k €
Balance sheet
Equity	4,9 M €	-17.1%	5,9 M €	+0.5%	5,9 M €	-2.5%	6,1 M €	+12.0%	5,4 M €	-10.0%	6 M €	-18.0%	7,3 M €	-30.1%	10,5 M €	+61.6%	6,5 M €	-37.9%	10,4 M €	-1.9%	10,6 M €	+0.6%	10,6 M €	-12.9%	12,1 M €	-0.2%	12,2 M €	+2.2%	11,9 M €	+8.8%	10,9 M €
Total assets	9,4 M €	-15.2%	11,1 M €	+0.1%	11 M €	-3.0%	11,4 M €	+4.0%	11 M €	-16.5%	13,1 M €	+14.2%	11,5 M €	-23.4%	15 M €	-12.8%	17,2 M €	+5.9%	16,2 M €	-1.7%	16,5 M €	-4.3%	17,3 M €	+5.3%	16,4 M €	-1.5%	16,6 M €	-43.4%	29,4 M €	+2.5%	28,7 M €
Cash	942,5 k €	+17.5%	801,9 k €	+118%	368,1 k €	-24.8%	489,3 k €	+58.8%	308,2 k €	-31.9%	452,3 k €	+34.7%	335,8 k €	+1.3%	331,6 k €	-49.8%	660,5 k €	+4.2%	633,6 k €	+24.6%	508,3 k €	+31.0%	388,1 k €	-26.6%	528,9 k €	-44.0%	943,7 k €	-1.3%	956,5 k €	+42.6%	670,9 k €
Debts	4,5 M €	-12.9%	5,1 M €	+0.4%	5,1 M €	-4.4%	5,3 M €	-3.7%	5,5 M €	-21.7%	7,1 M €	+69.4%	4,2 M €	+1.6%	4,1 M €	-58.4%	9,9 M €	+76.8%	5,6 M €	+1.3%	5,5 M €	-11.3%	6,2 M €	+55.5%	4 M €	-2.8%	4,1 M €	-75.3%	16,7 M €	-5.8%	17,7 M €
Other
Workforce	28,1 ETP	-5.1%	29,6 ETP	+4.6%	28,3 ETP	-14.2%	33,0 ETP	-5.7%	35,0 ETP	+25.9%	27,8 ETP	-0.4%	27,9 ETP	-16.7%	33,5 ETP	-9.2%	36,9 ETP	-8.4%	40,3 ETP	-3.4%	41,7 ETP	0.0%	41,7 ETP	+2.0%	40,9 ETP	-18.8%	50,4 ETP	-7.2%	54,3 ETP	-5.2%	57,3 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 · 29 ended

Active mandates

Louis Busschop

Director · since 15 novembre 2017

Active

Carlo Busschop

Director · since 31 juillet 2015

Active

Ended mandates

Busschop Carlo

Managing director · since 12 juillet 2021 · until 25 juin 2027

Ended

Busschop Dirk

Managing director · since 12 juillet 2021 · until 25 juin 2027

Ended

Carlo Busschop

Managing director · since 12 juillet 2021 · until 18 juin 2027

Ended

Dirk Busschop

Managing director · since 12 juillet 2021 · until 01 janvier 2023

Ended

At this address

Other companies at this address

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Bosq● Active	0434.645.221
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INDESA● Active	0474.764.124
INSILENCIO● Active	0864.600.887
KAMPF● Active	0417.752.769
KÃNA● Active	1031.593.020
M.O.K MONKEYS● Bankrupt	0800.202.389
PINK PIÑATA PRODUCTIONS● Active	0731.877.074
PLAYMOBIL BELGIUM● Active	0479.562.159
Reflex Services● Active	0634.691.685
Root4You● Active	0749.711.713
THE FURNITURE GROUP● Active	0668.518.159
UC Experts● Active	0456.227.325
Vesta● Active	0468.382.217
Weber-Stephen Products Belgium● Active	0479.047.366
YOUSSEF HOLDING● Active	0736.807.941
ZUSTO● Active	0656.824.810

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	27/08/2026	31/10/2025	30/09/2024	17/08/2023	10/07/2023	14/07/2021
General meeting	26/08/2026	29/10/2025	20/09/2024	19/07/2023	28/09/2022	12/07/2021
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	26/08/2026	27/08/2026	Dutch	PDF
Full model	31/12/2024	29/10/2025	31/10/2025	Dutch	PDF
Full model	31/12/2023	20/09/2024	30/09/2024	Dutch	PDF
Full model	31/12/2022	19/07/2023	17/08/2023	Dutch	PDF
Full modelCorrection	31/12/2021	28/09/2022	10/07/2023	Dutch	PDF
Full model	31/12/2021	28/09/2022	24/10/2022	Dutch	PDF
Full model	31/12/2020	12/07/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	30/09/2020	01/10/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	06/07/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	14/07/2017	29/08/2017	Dutch	PDF
Full model	31/12/2015	17/06/2016	14/07/2016	Dutch	PDF
Full model	31/12/2014	31/07/2015	26/08/2015	Dutch	PDF
Full model	31/03/2013	16/09/2013	14/10/2013	Dutch	PDF
Full model	31/03/2012	19/09/2012	19/10/2012	Dutch	PDF
Full model	31/03/2011	19/09/2011	14/10/2011	Dutch	PDF
Full model	31/03/2010	27/09/2010	27/10/2010	Dutch	PDF
Full model	31/03/2009	21/09/2009	21/10/2009	Dutch	PDF
Full model	31/03/2008	15/09/2008	07/10/2008	Dutch	PDF
Full model	31/03/2007	17/09/2007	12/10/2007	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 · 29 ended

Active mandates

Louis Busschop

Director · since 15 novembre 2017

Active

Carlo Busschop

Director · since 31 juillet 2015

Active

Ended mandates

Busschop Carlo

Managing director · since 12 juillet 2021 · until 25 juin 2027

Ended

Busschop Dirk

Managing director · since 12 juillet 2021 · until 25 juin 2027

Ended

Carlo Busschop

Managing director · since 12 juillet 2021 · until 18 juin 2027

Ended

Dirk Busschop

Managing director · since 12 juillet 2021 · until 01 janvier 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/12/2020
KAPITAAL - AANDELEN - DIVERSEN
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/02/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/11/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025-1 M €↓
2024
Annual accounts 202427,9 k €↑
2023
Annual accounts 2023-148,7 k €↓
2022
Annual accounts 2022649 k €↑
2021
Annual accounts 2021-600,5 k €↓
2020
Annual accounts 2020-439,7 k €↓
2017
Annual accounts 2017294,9 k €↓
2015
Annual accounts 20154 M €↑
2014
Annual accounts 2014-4 M €↓
2013
Annual accounts 2013-203,3 k €↓
2012
Annual accounts 201262,1 k €↑
2011
Annual accounts 2011-267,8 k €↓
2010
Annual accounts 2010195,3 k €↓
2009
Annual accounts 2009766,5 k €↓
2008
Annual accounts 2008960,2 k €↓
2007
Annual accounts 2007983,7 k €
28/01/1997
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

BULO

Overview

What does BULO do?

Trend over 16 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