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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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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BULO from Mechelen, company number BE0459905605, closed financial year 2025 with a result of € -1 million after tax. For that financial year BULO recorded revenue of € 12.3 million and equity of € 4.9 million. Compared with financial year 2024, the result moved from € 27,893 to € -1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 4.9 million
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ still € 27,893 profit in 2024
Profit after tax over the fiscal year.
€ 942,498
▲ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.6 million.
People and assets in 2025
28.1
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 7% vs 2024
€ 82,800 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.
€ 150,367
▼ 15% vs 2024
Of which on lease € 95,320.
Debts at end 2025
€ 1.3 million
▲ 27% vs 2024
€ 77,716 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.9 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 363,518
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,552,548 | € 13,748,349 | € 16,190,827 | € 12,306,413 | ▼ 24% |
| Profit after taxes | € 648,957 | € -148,701 | € 27,893 | € -1,015,570 | ▼ € 1 million |
| Equity | € 6,054,574 | € 5,905,872 | € 5,933,766 | € 4,918,196 | ▼ 17% |
| Total debts | € 5,335,396 | € 5,138,189 | € 5,118,051 | € 4,456,091 | ▼ 13% |
| Cash | € 489,319 | € 368,103 | € 801,900 | € 942,498 | ▲ 18% |
| Retained profit | € -1,419,939 | € -1,568,640 | € -1,540,747 | € -2,556,316 | ▼ € 1 million |
| Bank debt | € 1,449,199 | € 1,307,305 | € 1,045,205 | € 1,323,084 | ▲ 27% |
| Balance sheet total | € 11,389,970 | € 11,044,061 | € 11,051,816 | € 9,374,287 | ▼ 15% |
| Employees (FTE) | 33 | 28.3 | 29.6 | 28.1 | ▼ 1.5 |
Key figures of BULO, 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 BULO?
What happened at BULO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1 million (▼ € 1 million vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Louis Busschop became a director. NBB
- Carlo Busschop became a director. NBB
- New establishment in Elsene. KBO
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 648,957 profit in 2022 to € 1 million loss in 2025.
Paid € 12,316 in corporate taxes since 2022.
Best year ever: 2022, with € 648,957 profit.
Pays suppliers within 59 days on average.
Management
Behind BULO are Carlo Busschop and Louis Busschop. The shares are held by Dirk Busschop, INDESA and THE FURNITURE GROUP. It owns 96.9% of Bosq itself.
Directors
According to the 2025 annual accounts
Carlo Busschop
Director
Holds a stake via INDESA
Also active at: Bosq, O IMMO, INDESA, THE FURNITURE GROUP
since 2015
since 2017
Shareholders
Participations
96.9%
Establishments
Establishment units
Physical locations of this company
Blarenberglaan 6
2800 Mechelen
Waterloose Steenweg 442
1050 Elsene
Active since 1 December 2009
Schoonzichtstraat 33
9051 Gent
Active since 8 April 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →KAMPF
€ 439,774 gross margin · 2026
Bosq same network
€ 4.4 million revenue · 2025
UC Experts
€ 994,843 gross margin · 2025
Vesta
€ 693,646 gross margin · 2025
INDESA same network
€ 730,870 revenue · 2025
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.905.605
- VAT number
- BE 0459.905.605
- Registered office
- Blarenberglaan 6, 2800 Mechelen
- Names & denominations
- BULO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 January 1997
- Peppol
- Active · Active since 28 Aug 2025
- Activities · NACE
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