BRUCG · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BRUCG is 0.4% (very low). The 2024 annual accounts show equity of €21k and a net result of €29k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 23% of 7336 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7336 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	26-08-2025	26 d late	2025-00409382
31-12-2023	31-07-2024	31-08-2024	31 d late	2024-00422765
31-12-2022	31-07-2023	18-08-2023	18 d late	2023-00334324
31-12-2021	31-07-2022	30-08-2022	30 d late	2022-20387558
31-12-2020	31-07-2021	30-08-2021	30 d late	2021-59400065
31-12-2019	31-07-2020	30-10-2020	91 d late	2020-66600512

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€29k+10.2%

Working capital€21k0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 26-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~4%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	33.8%	65.0%	better than 23% of 7336 sector peers
Net result	€29k	€32k	better than 47% of 7333 sector peers
Equity	€21k	€58k	better than 23% of 7338 sector peers
Gross operating margin	€38k	€52k	better than 37% of 7327 sector peers
Total assets	€61k	€103k	better than 27% of 7339 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P23

Weakening position over 2020-2024 · n=627-7336

Net result P47

Weakening position over 2020-2024 · n=624-7333

Equity P23

Weakening position over 2020-2024 · n=628-7338

Gross operating margin P37

Weakening position over 2020-2024 · n=623-7327

Describes the position versus peers, not a forecast.

EBITDA

€34k

-16.3% 19-24

Net profit

€29k

+10.2% 19-24

Cash flow

€27k

-16.8% 19-24

Total assets

€61k

-13.6% 19-24

Equity

€21k

0.0% 19-24

Working capital

€21k

0.0% 19-24

Income taxes

€8k

+12.6% 19-24

Dividends

€29k

+10.7% 19-24

Debt

€40k

-19.2% 19-24

Debt ≤ 1y

€40k

-19.2% 19-24

Current ratio

1.51

+6.9% 19-24

Quick ratio

1.51

+6.9% 19-24

Solvency

33.8%

+15.7% 19-24

Debt / equity

1.96

-19.2% 19-24

ROE

139.9%

+10.2% 19-24

ROA

47.3%

+27.5% 19-24

Interest coverage

351.93

-9.2% 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€29k
Cash flow	-
Staff costs	-
Income taxes	€8k
Dividends	€29k
Total assets	€61k
Equity	€21k
Debt	€40k
of which ≤ 1y	€40k
of which > 1y	-
Working capital	€21k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.51
Quick ratio	1.51
Working capital ratio	33.8%
Solvency	33.8%
Debt / equity	1.96
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	47.3%
ROE	139.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Equity & liabilities

Equity €21k · 33.8% Debt €40k · 66.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€61k
Current assets	29/58	€61k
Amounts receivable within one year	40/41	€9k
Cash & bank	54/58	€52k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€61k
Equity	10/15	€21k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€117
Amounts payable	17/49	€40k
Amounts payable within one year	42/48	€40k
Income statement
Gross operating margin	9900	€38k
Operating result	9901	€37k
Financial charges	65	€124
Result before taxes	9903	€37k
Income taxes	67/77	€8k
Net result for the period	9904	€29k
Result to be appropriated	9905	€29k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

83 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Kaaskerkestraat 1118600 Diksmuide

Establishment units

1 location

BRUCG

Helihavenlaan 32, 1000 BrusselOntwerpen en programmeren van computerprogramma's

since 20192.287.053.924

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,019 m²

Buildings2

Building footprint912 m²

Volume (LiDAR)31,543 m³

Tallest building44.9 m · ±14 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21814P0255/00E003	Brussels	1,211 m²	1 · 765 m²	44.9 m · 14 fl.
32473B0232/00V000	Flanders	808 m²	1 · 147 m²	10.7 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 100

Solvency 64

Growth 58

Stability 100

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