Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
60 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BUNZ from Antwerpen, company number BE0831280397, closed financial year 2025 with a result of € -1.4 million after tax. For that financial year BUNZ recorded revenue of € 9.3 million and equity of € -4 million. Compared with financial year 2024, the result moved from € 6.5 million to € -1.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ -4 million
▼ € 1.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ still € 6.5 million profit in 2024
Profit after tax over the fiscal year.
€ 62,348
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
107.6
▼ 25 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.8 million
▼ 21% vs 2024
€ 35,300 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.
€ 533,912
▲ 92% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.4 million
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 596,889
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,508,392 | € 30,098,950 | € 11,947,959 | € 9,260,401 | ▼ 22% |
| Profit after taxes | € 81,391 | € -326,007 | € 6,530,677 | € -1,352,410 | ▼ € 7.9 million |
| Equity | € -8,856,754 | € -9,182,761 | € -2,652,085 | € -4,004,495 | ▼ € 1.4 million |
| Total debts | € 17,961,467 | € 16,496,891 | € 8,733,744 | € 5,916,505 | ▼ 32% |
| Cash | € 2,126,787 | € 513,542 | € 71,531 | € 62,348 | ▼ 13% |
| Retained profit | € -9,006,754 | € -9,332,761 | € -2,802,085 | € -4,154,495 | ▼ € 1.4 million |
| Bank debt | € 13,000,000 | € 12,158,333 | € 0 | € 0 | |
| Balance sheet total | € 9,134,712 | € 7,344,130 | € 6,081,660 | € 1,912,010 | ▼ 69% |
| Employees (FTE) | 141 | 132.5 | 132.6 | 107.6 | ▼ 25 |
Key figures of BUNZ, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to BUNZ?
What happened at BUNZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Creations & Theories BV stepped down as director. NBB
- Site Management Services BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.4 million (▼ € 7.9 million vs 2024). Source: NBB ↗
- Creations & Theories BV became a director. NBB
- Site Management Services BV became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Elsene. KBO
- New establishment in Mechelen. KBO
In short
From € 81,391 profit in 2021 to € 1.4 million loss in 2025.
Paid € 5,050 in corporate taxes since 2021.
Best year ever: 2024, with € 6.5 million profit.
Pays suppliers within 86 days on average.
A new publication or filing at BUNZ? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Beetroot Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BUNZThe shares are held by Beetroot Invest (100%). It owns 100% of Ellis Gourmet Burger Nederland and 100% of Ellis Gourmet Burger France SAS itself.
Directors
According to the 2025 annual accounts
Director · represented by Kristoff Tillieu
Also active at: PIZZA BELGIUM, Wasbar Belgium, Beetroot Invest, Le Monde du Pain
since 2024 · until 2029
Managing director · represented by Stefan Meulemans
Also active at: PIZZA BELGIUM, Wasbar Belgium, Beetroot Invest, THINK2ACT CAPITAL, Top Brands, Le Monde du Pain
since 2024 · until 2029
Shareholders
100%
Participations
Ellis Gourmet Burger Nederland
100%
Ellis Gourmet Burger France SAS
100%
Establishments
Establishment units
Physical locations of this company
Borsbeeksebrug 34 box 4
2600 Antwerpen
Sint-Katelijneplein 4
1000 Brussel
Active since 22 November 2010
Sint-Aldegondiskaai 50-54
2000 Antwerpen
Active since 18 April 2013
De Keyserlei 21
2018 Antwerpen
Active since 9 September 2013
Simon Stevinplein 14
8000 Brugge
Active since 1 April 2014
Korenmarkt 12
9000 Gent
Active since 1 March 2014
Naamsestraat 5
3000 Leuven
Active since 1 March 2015
Jourdanplein 19-20
1040 Etterbeek
Active since 15 June 2015
IJzerenleen 10
2800 Mechelen
Active since 1 September 2015
Eugène Flageyplein 13
1050 Elsene
Active since 15 January 2017
Belgiëplein 1
1020 Brussel
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 60 companies are registered at this address.
All companies at this address →Athena
PIZZA BELGIUM same network
€ 45.8 million revenue · 2025
MABEMI
€ -5,762 gross margin · 2022
C & C LASER
€ -50,670 gross margin · 2025
Linde Gas Belgium
€ 13.1 million revenue · 2025
+55 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
- 0831.280.397
- VAT number
- BE 0831.280.397
- Registered office
- Borsbeeksebrug 34 bus 4, 2600 Antwerpen
- Names & denominations
- BUNZ
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 2010
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Cafés en bars
Eetgelegenheden met volledige bediening