Financials
Financial year 2025
BUSELO from Gent, company number BE0878243146, closed financial year 2025 with a result of € 164,432 after tax. For that financial year BUSELO recorded a gross margin of € 83,899 and equity of € 7 million. Compared with financial year 2024, the result moved from € 199,822 to € 164,432. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 164,432
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 529,314
▲ 118% 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 € 5.9 million.
People and assets in 2025
€ 35,466
▼ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 63,565
▼ 17% 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.
€ 33,073
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,393
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,830 | € -56,734 | € 38,634 | € 83,899 | ▲ 117% |
| Profit after taxes | € -314,146 | € 32,330 | € 199,822 | € 164,432 | ▼ 18% |
| Equity | € 6,587,781 | € 6,620,111 | € 6,819,933 | € 6,984,365 | ▲ 2% |
| Total debts | € 59,253 | € 108,131 | € 81,749 | € 43,593 | ▼ 47% |
| Cash | € 1,865,302 | € 260,671 | € 242,538 | € 529,314 | ▲ 118% |
| Land & buildings | € 1,497,132 | € 1,654,557 | € 1,706,906 | € 1,649,024 | ▼ 3% |
| Retained profit | € 5,545,204 | € 5,577,534 | € 5,777,356 | € 5,941,788 | ▲ 3% |
| Balance sheet total | € 6,647,035 | € 6,728,242 | € 6,901,682 | € 7,027,958 | ▲ 2% |
Key figures of BUSELO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to BUSELO?
What happened at BUSELO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 164,432 (▼ 18% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Herman VAN MALDEGHEM became a director. NBB
- Karel VAN MALDEGHEM became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 314,146 loss in 2022 to € 164,432 profit in 2025.
Paid € 42,798 in corporate taxes since 2022.
Best year ever: 2024, with € 199,822 profit.
Management
Behind BUSELO are Herman VAN MALDEGHEM, Joris VAN MALDEGHEM and Karel VAN MALDEGHEM. It owns 11.1% of IntuEdrive itself.
Directors
According to the 2025 annual accounts
Herman VAN MALDEGHEM
Director
since 2022
Joris VAN MALDEGHEM
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Albrecht Dürerlaan 25
9030 Gent
Brugsevaart 32
9030 Gent
Active since 14 November 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0878.243.146
- VAT number
- BE 0878.243.146
- Registered office
- Albrecht Dürerlaan 25, 9030 Gent
- Names & denominations
- BUSELO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen