BRAKO
ActiveSummary
BRAKO has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.18M and a net result of €169k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 87% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 9.49 against 11.02 in 2024; short-term debt: 7.2% and cash: 3.2% of total assets), and 17.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.5%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
51 d early
2023
47 d early
2022
55 d early
2021
40 d early
2020
81 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€169k▼ 36.6%
2024 · €266k
2018: €192k
2019: €-55k
2020: €74k
2021: €135k
2022: €349k
2023: €295k
2024: €266k
2018 → 2025
Working capital
€3.09M▼ 4.0%
2024 · €3.22M
2018: €3.20M
2019: €3.17M
2020: €3.21M
2021: €3.39M
2022: €3.63M
2023: €3.70M
2024: €3.22M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.70M-€4.05M▲ 9.4%€4.34M▲ 7.3%€4.01M▼ 7.7%€4.18M▲ 4.2%
Operating result€148k-€450k▲ 204%€364k▼ 19.0%€337k▼ 7.6%€212k▼ 37.1%
Net result€135k-€349k▲ 159%€295k▼ 15.4%€266k▼ 9.8%€169k▼ 36.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.07M
Fixed assets
€1.62M ▲ 55.3%
Current assets
€3.45M ▼ 2.5%
Equity and liabilities €5.07M
Equity
€4.18M ▲ 4.2%
Debt
€889k ▲ 55.9%
Debt's share of the balance-sheet total rises from 12.5% to 17.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€303k▼
2024 · €444k
Cash flow
€260k▼
2024 · €374k
Current ratio
9.49▼
2024 · 11.02
Quick ratio
5.81▼
2024 · 6.88
Debt to equity
0.21▲
2024 · 0.14
ROE
4.0%▼
2024 · 6.6%
ROA
3.3%▼
2024 · 5.8%
Interest coverage
11.92▼
2024 · 49.32
Debt ≤ 1 year
€364k▲
2024 · €321k
Debt > 1 year
€525k▲
2024 · €249k
Income taxes
€58k▼
2024 · €92k
Staff costs
€662k▼
2024 · €699k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.58M€5.07M▲
Fixed assets21/28€1.04M€1.62M▲
Intangible fixed assets21€24k€24k▼
Tangible fixed assets22/27€567k€561k▼
Land and buildings22€265k€248k▼
Plant, machinery and equipment23€92k€152k▲
Furniture and vehicles24€186k€146k▼
Other tangible fixed assets26€10k€15k▲
Assets under construction and advance payments27€13k-
Financial fixed assets28€450k€1.03M▲
Current assets29/58€3.54M€3.45M▼
Stocks and contracts in progress3€1.33M€1.34M▲
Stocks30/36€1.33M€1.34M▲
Amounts receivable within one year40/41€2.03M€1.92M▼
Trade receivables40€831k€667k▼
Other amounts receivable41€1.20M€1.26M▲
Cash at bank and in hand54/58€144k€161k▲
Deferred charges and accrued income490/1€33k€31k▼
Equity and liabilities
Total equity and liabilities10/49€4.58M€5.07M▲
Equity10/15€4.01M€4.18M▲
Contributions10/11€904k€904k=
Capital10€903k€903k=
Issued capital100€903k€903k=
Outside capital11€151€151=
Share premium1100/10€151€151=
Revaluation surpluses12€175k€175k=
Reserves13€2.62M€2.62M=
Non-distributable reserves130/1€100k€100k=
Legal reserve130€100k€100k=
Tax-exempt reserves132€87k€87k=
Distributable reserves133€2.43M€2.43M=
Profit (loss) carried forward14€310k€479k▲
Amounts payable17/49€570k€889k▲
Amounts payable after more than one year17€249k€525k▲
Financial debts170/4€210k€486k▲
Other amounts payable178/9€39k€39k=
Amounts payable within one year42/48€321k€364k▲
Current portion of amounts payable after more than one year42€10k€180k▲
Trade debts44€203k€89k▼
Suppliers440/4€203k€89k▼
Taxes, remuneration and social security45€108k€95k▼
Taxes450/3€27k€28k▲
Remuneration and social security454/9€81k€67k▼
Income statement
Code20242025
Remuneration, social security and pensions62€699k€662k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€91k▼
Other operating charges640/8€7k€7k▼
Gross operating margin9900€1.15M€972k▼
Operating profit (loss)9901€337k€212k▼
Financial income75/76B€31k€41k▲
Recurring financial income75€31k€41k▲
Financial charges65/66B€9k€25k▲
Recurring financial charges65€9k€25k▲
Profit (loss) for the period before taxes9903€359k€227k▼
Income taxes67/77€92k€58k▼
Profit (loss) for the period9904€266k€169k▼
Profit (loss) for the period to be appropriated9905€266k€169k▼
Appropriation of the result
Profit (loss) to be appropriated9906€910k€479k▼
Profit (loss) brought forward from the previous period14P€644k€310k▼
Profit to be distributed694/7€600k-
Return on contributions (dividend)694€600k-
Social balance
Average headcount (FTE)908710.88.3▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €349k ▲159%
Operating result €450k, net result €349k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1995
Ground area
3,781 m²
Building footprint
1,857 m²
Volume, LiDAR
12,397 m³
Parcel 46016F0470/00L000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schaarbeekstraat(MEL) 38, 9120 Beveren-Kruibeke-Zwijndrecht
since 19952.017.629.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016F0470/00L000 | Flanders | 3,780 m² | 1 · 1,857 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,114 EUR awarded · 3,784 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,685 EUR | 1,801 EUR |
| 2024 | 1 | 1,503 EUR | 1,229 EUR |
| 2023 | 1 | 477 EUR | 605 EUR |
| 2022 | 1 | 449 EUR | 149 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 505 companies in sector 46841 we hold annual accounts for 365. 219 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1980
Fiscal year end31-12
Activities, NACEBEL 2025
46820Wholesale trade
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.