BRAPO
ActiveSummary
BRAPO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €314k and a net result of €54k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+1
Solvency63▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.59 in 2023; short-term debt: 22.4% and cash: 17.6% of total assets), and 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
65 d early
2022
32 d early
2021
53 d early
2020
39 d early
2019
63 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€314k▲ 20.7%
2023 · €260k
2018: €206k
2019: €145k
2020: €153k
2021: €197k
2022: €271k
2023: €260k
2018 → 2024
Total assets
€815k▲ 10.6%
2023 · €737k
2018: €752k
2019: €654k
2020: €577k
2021: €509k
2022: €963k
2023: €737k
2018 → 2024
Net result
€54k▲ 24.5%
2023 · €43k
2018: €17k
2019: €-61k
2020: €8k
2021: €43k
2022: €76k
2023: €43k
2018 → 2024
Working capital
€85k▼ 37.4%
2023 · €135k
2018: €103k
2019: €-18k
2020: €10k
2021: €69k
2022: €134k
2023: €135k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€153k-€197k▲ 28.3%€271k▲ 37.8%€260k▼ 4.1%€314k▲ 20.7%
Operating result€17k-€61k▲ 258%€95k▲ 54.9%€71k▼ 25.6%€88k▲ 25.1%
Net result€8k-€43k▲ 417%€76k▲ 74.9%€43k▼ 43.1%€54k▲ 24.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €815k
Fixed assets
€548k ▲ 47.9%
Current assets
€267k ▼ 27.1%
Equity and liabilities €815k
Equity
€314k ▲ 20.7%
Provisions
€897 ▼ 11.4%
Debt
€501k ▲ 5.1%
Debt's share of the balance-sheet total falls from 64.6% to 61.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€204k▲
2023 · €148k
Cash flow
€170k▲
2023 · €121k
Current ratio
1.46▼
2023 · 1.59
Quick ratio
1.20▼
2023 · 1.27
Debt to equity
1.60▼
2023 · 1.83
ROE
17.1%▲
2023 · 16.6%
ROA
6.6%▲
2023 · 5.9%
Interest coverage
11.46▲
2023 · 10.67
Debt ≤ 1 year
€183k▼
2023 · €231k
Debt > 1 year
€312k▲
2023 · €240k
Income taxes
€18k▲
2023 · €18k
Staff costs
€325k▲
2023 · €281k
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 · 2024 against 2023 · 65 lines
Balance sheet
Code20232024
Assets
Total assets20/58€737k€815k▲
Fixed assets21/28€370k€548k▲
Tangible fixed assets22/27€370k€547k▲
Land and buildings22€33k€27k▼
Plant, machinery and equipment23€320k€272k▼
Furniture and vehicles24€17k€248k▲
Financial fixed assets28€185€185=
Current assets29/58€367k€267k▼
Stocks and contracts in progress3€74k€48k▼
Stocks30/36€49k€48k▼
Contracts in progress37€25k€0▼
Amounts receivable within one year40/41€179k€64k▼
Trade receivables40€159k€60k▼
Other amounts receivable41€20k€3k▼
Cash at bank and in hand54/58€110k€144k▲
Deferred charges and accrued income490/1€4k€13k▲
Equity and liabilities
Total equity and liabilities10/49€737k€815k▲
Equity10/15€260k€314k▲
Contributions10/11€37k€37k=
Reserves13€223k€276k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€42k€41k▼
Distributable reserves133€181k€235k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€1k€897▼
Deferred taxes168€1k€897▼
Amounts payable17/49€476k€501k▲
Amounts payable after more than one year17€240k€312k▲
Financial debts170/4€240k€312k▲
Amounts payable within one year42/48€231k€183k▼
Current portion of amounts payable after more than one year42€45k€73k▲
Trade debts44€33k€29k▼
Suppliers440/4€33k€29k▼
Advances received on contracts in progress46€25k€0▼
Taxes, remuneration and social security45€8k€29k▲
Taxes450/3€284€24k▲
Remuneration and social security454/9€8k€6k▼
Other amounts payable47/48€120k€51k▼
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€281k€325k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€116k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€432k€531k▲
Operating profit (loss)9901€71k€88k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€14k€18k▲
Recurring financial charges65€14k€18k▲
Profit (loss) for the period before taxes9903€61k€72k▲
Transfer from deferred taxes780€115€115=
Transfer to deferred taxes680€0-
Income taxes67/77€18k€18k▲
Profit (loss) for the period9904€43k€54k▲
Transfer from tax-exempt reserves789€462€462=
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€44k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€54k▲
Transfer from equity791/2€54k€0▼
Transfer to equity691/2€44k€54k▲
To other reserves6921€44k€54k▲
Profit to be distributed694/7€54k€0▼
Return on contributions (dividend)694€54k€0▼
Social balance
Average headcount (FTE)90874.14.8▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €76k ▲74.9%
Operating result €95k, net result €76k, both a record.
31-12
Financial
Equity above €200kEq €271k ▲37.8%
3 profitable years in a row build equity to €271k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Equity above €150kEq €153k ▲5.8%
Equity rises from €145k to €153k.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-61k ▼451%
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Deinze · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Tonne 429800 DeinzeGround area
1,201 m²
Building footprint
1,201 m²
Volume, LiDAR
7,362 m³
Parcel 44054B0357/00S003, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BRAPO
since 19942.066.190.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0357/00S003 | Flanders | 1,201 m² | 1 · 1,201 m² | 7.7 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.
Similar companies · same sector, comparable size
ALGEMENE BOUWWERKEN FLEURBAY
BE 0477.404.405
Lier · Eq €313,452
MAEGH RUDI
BE 0473.533.808
Rijkevorsel · Eq €313,714
SCHRIJNWERKERIJ CEULEMANS G
BE 0864.767.866
Ranst · Eq €313,164
Stéphane Quennery
BE 0809.201.417
Froidchapelle · Eq €313,148
Cardinael Stijn
BE 0840.769.571
Alveringem · Eq €312,933
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 6,816 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 formPrivate limited company
Founded14-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.