BRAVO-TECH
ActiveSummary
BRAVO-TECH has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €733k and a net result of €342k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 991 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+5
Solvency42▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.76 in 2023; short-term debt: 29.2% and cash: 2.1% of total assets), and 83% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17%
Return on assets
7.9%
Age of the figures
21 mo
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
29 d late
2022
31 d late
2021
27 d early
2020
54 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€733k▲ 48.7%
2023 · €493k
2018: €236k
2019: €260k▲ +9.8% vs 2018
2020: €60k▼ -77.0% vs 2019lowest in 7 years
2021: €294k▲ +392% vs 2020
2022: €381k▲ +29.6% vs 2021
2023: €493k▲ +29.5% vs 2022
2024: €733k▲ +48.7% vs 2023highest in 7 years
2018 → 2024
Total assets
€4.32M▲ 29.2%
2023 · €3.34M
2018: €2.12Mlowest in 7 years
2019: €2.33M▲ +9.8% vs 2018
2020: €3.03M▲ +30.1% vs 2019
2021: €3.42M▲ +12.9% vs 2020
2022: €3.42M● -0.0% vs 2021
2023: €3.34M▼ -2.3% vs 2022
2024: €4.32M▲ +29.2% vs 2023highest in 7 years
2018 → 2024
Net result
€342k▲ 160%
2023 · €131k
2018: €43k
2019: €23k▼ -45.4% vs 2018
2020: €-200k▼ -959% vs 2019lowest in 7 years
2021: €234k▲ +217% vs 2020
2022: €89k▼ -62.1% vs 2021
2023: €131k▲ +48.0% vs 2022
2024: €342k▲ +160% vs 2023highest in 7 years
2018 → 2024
Working capital
€-38k▲ 80.6%
2023 · €-194k
2018: €-4k
2019: €59k▲ +1507% vs 2018highest in 7 years
2020: €-258k▼ -533% vs 2019
2021: €-223k▲ +13.6% vs 2020
2022: €-367k▼ -64.7% vs 2021lowest in 7 years
2023: €-194k▲ +47.1% vs 2022
2024: €-38k▲ +80.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€294k▲ 392%€381k▲ 29.6%€493k▲ 29.5%€733k▲ 48.7%
2020: €60klowest in 5 years
2021: €294k▲ +392% vs 2020
2022: €381k▲ +29.6% vs 2021
2023: €493k▲ +29.5% vs 2022
2024: €733k▲ +48.7% vs 2023highest in 5 years
Operating result€-158k-€253k€164k▼ 35.2%€219k▲ 33.8%€530k▲ 141%
2020: €-158klowest in 5 years
2021: €253k▲ +260% vs 2020
2022: €164k▼ -35.2% vs 2021
2023: €219k▲ +33.8% vs 2022
2024: €530k▲ +141% vs 2023highest in 5 years
Net result€-200k-€234k€89k▼ 62.1%€131k▲ 48.0%€342k▲ 160%
2020: €-200klowest in 5 years
2021: €234k▲ +217% vs 2020
2022: €89k▼ -62.1% vs 2021
2023: €131k▲ +48.0% vs 2022
2024: €342k▲ +160% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 141% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.32M
Fixed assets
€3.09M ▲ 14.0%
Current assets
€1.22M ▲ 94.7%
Equity and liabilities €4.32M
Equity
€733k ▲ 48.7%
Debt
€3.58M ▲ 25.8%
Debt's share of the balance-sheet total falls from 85.2% to 83.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.26M▲
2023 · €893k
Cash flow
€1.07M▲
2023 · €805k
Current ratio
0.97▲
2023 · 0.76
Debt to equity
4.89▼
2023 · 5.77
ROE
46.6%▲
2023 · 26.6%
ROA
7.9%▲
2023 · 3.9%
Interest coverage
9.86▼
2023 · 11.96
Debt ≤ 1 year
€1.26M▲
2023 · €823k
Debt > 1 year
€2.31M▲
2023 · €2.01M
Income taxes
€61k▲
2023 · €14k
Staff costs
€449k▲
2023 · €440k
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 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.34M€4.32M▲
Fixed assets21/28€2.71M€3.09M▲
Intangible fixed assets21€68k€81k▲
Tangible fixed assets22/27€2.64M€3.01M▲
Land and buildings22€708k€666k▼
Plant, machinery and equipment23€413k€363k▼
Furniture and vehicles24€84k€63k▼
Leasing and similar rights25€1.44M€1.92M▲
Financial fixed assets28€3k€3k=
Current assets29/58€629k€1.22M▲
Stocks and contracts in progress3€133k€0▼
Stocks30/36€133k€0▼
Amounts receivable within one year40/41€479k€1.12M▲
Trade receivables40€477k€688k▲
Other amounts receivable41€2k€432k▲
Cash at bank and in hand54/58€580€92k▲
Deferred charges and accrued income490/1€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€3.34M€4.32M▲
Equity10/15€493k€733k▲
Contributions10/11€25k€25k=
Reserves13€468k€708k▲
Non-distributable reserves130/1€3k€0▼
Reserves not available under the articles1311€3k€0▼
Distributable reserves133€466k€708k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.85M€3.58M▲
Amounts payable after more than one year17€2.01M€2.31M▲
Financial debts170/4€2.01M€2.31M▲
Amounts payable within one year42/48€823k€1.26M▲
Current portion of amounts payable after more than one year42€505k€602k▲
Financial debts43€32k€161k▲
Credit institutions430/8€32k€161k▲
Trade debts44€146k€287k▲
Suppliers440/4€146k€287k▲
Taxes, remuneration and social security45€94k€106k▲
Taxes450/3€55k€67k▲
Remuneration and social security454/9€39k€39k▼
Other amounts payable47/48€47k€107k▲
Accrued charges and deferred income492/3€11k€14k▲
Income statement
Code20232024
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€440k€449k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€673k€731k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€10k€9k▼
Gross operating margin9900€1.34M€1.72M▲
Operating profit (loss)9901€219k€530k▲
Financial income75/76B€126€475▲
Recurring financial income75€126€475▲
Financial charges65/66B€75k€128k▲
Recurring financial charges65€75k€128k▲
Profit (loss) for the period before taxes9903€145k€402k▲
Income taxes67/77€14k€61k▲
Profit (loss) for the period9904€131k€342k▲
Profit (loss) for the period to be appropriated9905€131k€342k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€342k▲
Transfer from equity791/2€19k€102k▲
Transfer to equity691/2€131k€342k▲
To other reserves6921€131k€342k▲
Profit to be distributed694/7€19k€102k▲
Return on contributions (dividend)694€19k€102k▲
Social balance
Average headcount (FTE)90876.06.4▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | €311k | €411k | €440k | €449k | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €340k | €469k | €553k | €673k | €731k | ▲ 8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-6k | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €11k | €-11k | €0 | - | - |
| Other operating charges640/8 | - | €34k | €9k | €10k | €9k | ▼ 3.0% |
| Gross operating margin9900 | €480k | €1.07M | €1.13M | €1.34M | €1.72M | ▲ 28.1% |
| Operating profit (loss)9901 | €-158k | €253k | €164k | €219k | €530k | ▲ 141% |
| Financial income75/76B | - | €52k | €0 | €126 | €475 | ▲ 277% |
| Recurring financial income75 | €10k | €429 | €0 | €126 | €475 | ▲ 277% |
| Non-recurring financial income76B | - | €52k | €0 | - | - | - |
| Financial charges65/66B | - | €67k | €66k | €75k | €128k | ▲ 71.4% |
| Recurring financial charges65 | €51k | €67k | €66k | €75k | €128k | ▲ 71.4% |
| Profit (loss) for the period before taxes9903 | €-199k | €238k | €98k | €145k | €402k | ▲ 178% |
| Income taxes67/77 | €1k | €4k | €9k | €14k | €61k | ▲ 345% |
| Profit (loss) for the period9904 | €-200k | €234k | €89k | €131k | €342k | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €-200k | €234k | €89k | €131k | €342k | ▲ 160% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.03M | €3.42M | €3.42M | €3.34M | €4.32M | ▲ 29.2% |
| Fixed assets21/28 | €2.71M | €3.00M | €2.93M | €2.71M | €3.09M | ▲ 14.0% |
| Intangible fixed assets21 | €84k | €71k | €90k | €68k | €81k | ▲ 19.4% |
| Tangible fixed assets22/27 | €2.62M | €2.93M | €2.84M | €2.64M | €3.01M | ▲ 13.9% |
| Land and buildings22 | - | €756k | €708k | €708k | €666k | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €538k | €447k | €413k | €363k | ▼ 12.1% |
| Furniture and vehicles24 | - | €57k | €105k | €84k | €63k | ▼ 24.8% |
| Leasing and similar rights25 | - | €1.58M | €1.58M | €1.44M | €1.92M | ▲ 33.4% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €321k | €413k | €485k | €629k | €1.22M | ▲ 94.7% |
| Stocks and contracts in progress3 | - | - | €50k | €133k | €0 | ▼ 100% |
| Stocks30/36 | - | - | €50k | €133k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €228k | €300k | €329k | €479k | €1.12M | ▲ 134% |
| Trade receivables40 | - | €298k | €326k | €477k | €688k | ▲ 44.4% |
| Other amounts receivable41 | - | €2k | €3k | €2k | €432k | ▲ 21,544% |
| Current investments50/53 | - | €2k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €78k | €91k | €98k | €580 | €92k | ▲ 15,725% |
| Deferred charges and accrued income490/1 | - | €21k | €8k | €17k | €13k | ▼ 24.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.03M | €3.42M | €3.42M | €3.34M | €4.32M | ▲ 29.2% |
| Equity10/15 | €60k | €294k | €381k | €493k | €733k | ▲ 48.7% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €235k | €269k | €356k | €468k | €708k | ▲ 51.3% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €0 | ▼ 100% |
| Distributable reserves133 | - | €266k | €353k | €466k | €708k | ▲ 52.1% |
| Profit (loss) carried forward14 | €-200k | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | €11k | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €11k | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €11k | €0 | - | - | - |
| Amounts payable17/49 | €2.97M | €3.11M | €3.04M | €2.85M | €3.58M | ▲ 25.8% |
| Amounts payable after more than one year17 | €2.37M | €2.47M | €2.18M | €2.01M | €2.31M | ▲ 14.6% |
| Financial debts170/4 | - | €2.47M | €2.18M | €2.01M | €2.31M | ▲ 14.6% |
| Amounts payable within one year42/48 | €578k | €636k | €852k | €823k | €1.26M | ▲ 53.4% |
| Current portion of amounts payable after more than one year42 | - | €483k | €579k | €505k | €602k | ▲ 19.2% |
| Financial debts43 | - | - | €2k | €32k | €161k | ▲ 408% |
| Credit institutions430/8 | - | - | €2k | €32k | €161k | ▲ 408% |
| Trade debts44 | €92k | €94k | €210k | €146k | €287k | ▲ 97.1% |
| Suppliers440/4 | - | €94k | €210k | €146k | €287k | ▲ 97.1% |
| Taxes, remuneration and social security45 | - | €59k | €59k | €94k | €106k | ▲ 12.9% |
| Taxes450/3 | - | €33k | €25k | €55k | €67k | ▲ 22.6% |
| Remuneration and social security454/9 | - | €26k | €34k | €39k | €39k | ▼ 0.7% |
| Other amounts payable47/48 | - | €610 | €2k | €47k | €107k | ▲ 126% |
| Accrued charges and deferred income492/3 | - | €12k | €10k | €11k | €14k | ▲ 29.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-200k | €234k | €89k | €131k | €342k | ▲ 160% |
| + Depreciation and write-downs630 | €340k | €469k | €553k | €673k | €731k | ▲ 8.6% |
| Operating cash flow (approximation) | €141k | €703k | €642k | €805k | €1.07M | ▲ 33.4% |
| Investment in fixed assets (approximation) | - | €-767k | €-481k | €-452k | €-1.11M | ▼ 146% |
| Change in cash | - | €13k | €7k | €-97k | €91k | ▲ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €342k ▲160%
Operating result €530k, net result €342k, both a record.
31-12
Financial
Equity above €500kEq €733k ▲48.7%
4 profitable years in a row build equity to €733k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €234k
Net result €234k after one loss-making year.
31-12
Financial
Equity above €200kEq €294k ▲392%
Equity rises from €60k to €294k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-200k
Net result drops to €-200k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
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.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Oudenaarde · 1 establishment unit since 2011
Ground area
3,093 m²
Building footprint
43 m²
Volume, LiDAR
95 m³
Parcel 45502A0317/00H000, Flanders · tallest building 2.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BRAVO-TECH
since 20112.208.029.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45502A0317/00H000 | Flanders | 3,093 m² | 1 · 43 m² | 2.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 · 5 entries · 8,664 EUR awarded · 8,664 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 367 EUR | 367 EUR |
| 2024 | 1 | 273 EUR | 273 EUR |
| 2023 | 1 | 2,024 EUR | 2,024 EUR |
| 2022 | 2 | 6,000 EUR | 6,000 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
E-mail
sammy.n@bravotech.beOudenaarde
Phone
055613175Oudenaarde
Scores and ratios are computed by Checked and are not a credit decision.