Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 13.7 to 9.5.
Financials
Financial year 2025
Buga from Westerlo, company number BE0412709462, closed financial year 2025 with a result of € 853,251 after tax. For that financial year Buga recorded revenue of € 21.7 million and equity of € 5.4 million. Compared with financial year 2024, the result moved from € 357,271 to € 853,251. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 5.4 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 853,251
▲ 139% vs 2024
Profit after tax over the fiscal year.
€ 426,397
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.9 million.
People and assets in 2025
9.5
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 972,504
▲ 1% vs 2024
€ 102,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 31,399
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.6 million
▲ 60% vs 2024
€ 143,246 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 2.1 million
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.
€ 195,338
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,114,328 | € 22,662,127 | € 20,109,917 | € 21,745,037 | ▲ 8% |
| Profit after taxes | € 364,671 | € 344,784 | € 357,271 | € 853,251 | ▲ 139% |
| Equity | € 3,863,418 | € 4,208,202 | € 4,565,473 | € 5,418,724 | ▲ 19% |
| Total debts | € 11,057,885 | € 12,743,200 | € 20,675,733 | € 20,353,833 | ▼ 2% |
| Cash | € 965,119 | € 406,497 | € 1,117,654 | € 426,397 | ▼ 62% |
| Land & buildings | € 242,242 | € 233,194 | € 402,804 | € 3,174,411 | ▲ € 2.8 million |
| Retained profit | € 3,393,418 | € 3,738,202 | € 4,095,473 | € 4,948,724 | ▲ 21% |
| Bank debt | € 76,025 | € 76,875 | € 1,605,757 | € 2,565,444 | ▲ 60% |
| Balance sheet total | € 15,021,013 | € 17,186,934 | € 25,441,769 | € 25,950,831 | ▲ 2% |
| Employees (FTE) | 17.5 | 13.7 | 10.9 | 9.5 | ▼ 1.4 |
Key figures of Buga, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Buga?
What happened at Buga in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lieve De Keersmaecker stepped down as director. NBB
- Guy Bens stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 853,251 (▲ 139% vs 2024). Source: NBB ↗
- Lieve De Keersmaecker became a director. NBB
- Guy Bens became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Westerlo. KBO
In short
From € 364,671 profit in 2022 to € 853,251 profit in 2025.
Paid € 508,692 in corporate taxes since 2022.
Best year ever: 2025, with € 853,251 profit.
Pays suppliers within 38 days on average.
Management
The stake of GILLIX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BugaThe shares are held by GILLIX (100%). It owns 71% of Buga Geel NV, 63% of Buga Limburg NV, 60% of Buga Sint-Truiden and 1.6% of Becar itself.
Directors
According to the 2025 annual accounts
Lieve De Keersmaecker
Director
Also active at: BUGA-LIMBURG, BUGA GEEL, BUGA SINT TRUIDEN, ZAKENKANTOOR GUY BENS, GILLIX
since 2023 · until 2029
Guy Bens
Managing director
Also active at: BECAR, BUGA-LIMBURG, BUGA GEEL, BUGA SINT TRUIDEN, ZAKENKANTOOR GUY BENS, GILLIX
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Snelwegstraat 7
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.709.462
- VAT number
- BE 0412.709.462
- Registered office
- Snelwegstraat 7, 2260 Westerlo
- Names & denominations
- Buga
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 1972
- Peppol
- Active · Active since 8 May 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in andere motorvoertuigen (> 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Groothandel in aanhangwagens, opleggers en caravans
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)
Verhuur en lease van vrachtwagens
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