Algemene Onderneming De Braeve
ActiveAlgemene Onderneming De Braeve has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €975k and a net result of €278k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
65
/ 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
Profitability79▼-1
Solvency53▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.01 in 2023; short-term debt: 35.9% and cash: 7.1% of total assets), but 72.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
27.8%
Return on assets
7.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €975k
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
30 d early
2022
58 d late
2021
61 d late
2020
60 d late
2019
46 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€975k▲ 39.9%
2023 · €697k
2018: €870k
2019: €920k
2020: €965k
2021: €754k
2022: €458k
2023: €697k
2018 → 2024
Total assets
€3.50M▲ 27.8%
2023 · €2.74M
2018: €1.90M
2019: €2.08M
2020: €2.33M
2021: €2.28M
2022: €2.51M
2023: €2.74M
2018 → 2024
Net result
€278k▲ 16.6%
2023 · €238k
2018: €165k
2019: €52k
2020: €46k
2021: €30k
2022: €11k
2023: €238k
2018 → 2024
Working capital
€689k▲ 6,662%
2023 · €10k
2018: €553k
2019: €593k
2020: €525k
2021: €113k
2022: €-176k
2023: €10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€965k-€754k▼ 21.9%€458k▼ 39.2%€697k▲ 52.0%€975k▲ 39.9%
Operating result€83k-€50k▼ 39.2%€40k▼ 20.0%€364k▲ 802%€441k▲ 21.2%
Net result€46k-€30k▼ 34.0%€11k▼ 63.3%€238k▲ 2,056%€278k▲ 16.6%
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 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.50M
Fixed assets
€1.56M▲ 12.3%
Current assets
€1.95M▲ 43.7%
Equity and liabilities €3.50M
Equity
€975k▲ 39.9%
Provisions
€8k▼ 6.4%
Debt
€2.52M▲ 23.8%
The debt ratio falls from 74.3% to 71.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€558k▲
2023 · €490k
Cash flow
€395k▲
2023 · €365k
Solvency
27.8%▲
2023 · 25.4%
Current ratio
1.55▲
2023 · 1.01
Quick ratio
1.26▲
2023 · 1.01
Debt / equity
2.58▼
2023 · 2.92
ROE
28.5%▼
2023 · 34.2%
ROA
7.9%▼
2023 · 8.7%
Interest coverage
11.40▼
2023 · 13.11
Debt
€2.52M▲
2023 · €2.03M
Debt ≤ 1 year
€1.26M▼
2023 · €1.35M
Debt > 1 year
€1.14M▲
2023 · €690k
Income taxes
€121k▲
2023 · €104k
Staff costs
€303k▲
2023 · €217k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.74M€3.50M▲
Fixed assets21/28€1.39M€1.56M▲
Intangible fixed assets21€1k€710▼
Tangible fixed assets22/27€1.22M€1.39M▲
Land and buildings22€1.04M€1.25M▲
Plant, machinery and equipment23€105k€97k▼
Furniture and vehicles24€48k€38k▼
Leasing and similar rights25€11k€5k▼
Other tangible fixed assets26€1k€1k▼
Assets under construction and advance payments27€15k€0▼
Financial fixed assets28€165k€165k=
Current assets29/58€1.36M€1.95M▲
Amounts receivable after more than one year29€118k€162k▲
Other amounts receivable291€118k€162k▲
Stocks and contracts in progress3-€359k
Stocks30/36-€359k
Amounts receivable within one year40/41€1.02M€1.18M▲
Trade receivables40€946k€884k▼
Other amounts receivable41€73k€293k▲
Cash at bank and in hand54/58€214k€248k▲
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.74M€3.50M▲
Equity10/15€697k€975k▲
Contributions10/11€45k€45k=
Reserves13€652k€930k▲
Tax-exempt reserves132€57k€55k▼
Distributable reserves133€595k€875k▲
Provisions and deferred taxes16€9k€8k▼
Deferred taxes168€9k€8k▼
Amounts payable17/49€2.03M€2.52M▲
Amounts payable after more than one year17€690k€1.14M▲
Financial debts170/4€690k€1.14M▲
Amounts payable within one year42/48€1.35M€1.26M▼
Current portion of amounts payable after more than one year42€148k€154k▲
Financial debts43€100k€245k▲
Credit institutions430/8€100k€245k▲
Trade debts44€937k€764k▼
Suppliers440/4€937k€764k▼
Advances received on contracts in progress46€109k€0▼
Taxes, remuneration and social security45€48k€94k▲
Taxes450/3€45k€70k▲
Remuneration and social security454/9€4k€25k▲
Other amounts payable47/48€3k€0▼
Accrued charges and deferred income492/3€47€122k▲
Income statement
Code20232024
Remuneration, social security and pensions62€217k€303k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€117k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k€0▲
Other operating charges640/8€11k€19k▲
Gross operating margin9900€711k€880k▲
Operating profit (loss)9901€364k€441k▲
Financial income75/76B€15k€7k▼
Recurring financial income75€15k€7k▼
Financial charges65/66B€37k€49k▲
Recurring financial charges65€37k€49k▲
Profit (loss) for the period before taxes9903€342k€399k▲
Transfer from deferred taxes780€557€557=
Income taxes67/77€104k€121k▲
Profit (loss) for the period9904€238k€278k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€240k€280k▲
Appropriation of the result
Profit (loss) to be appropriated9906€240k€280k▲
Transfer to equity691/2€240k€280k▲
To other reserves6921€240k€280k▲
Social balance
Average headcount (FTE)90874.04.0=
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €278k ▲16.6%
Operating result €441k, net result €278k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €697k ▲52%
6 profitable years in a row build equity to €697k.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 58 days late
2022
31-12
Financial
Weakest financial yearnet €11k ▼63.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lendelede · 1 establishment unit since 2011
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.
Meikapelstraat 188860 LendeledeGround area
952 m²
Building footprint
182 m²
Volume, LiDAR
559 m³
Parcel 34025B0650/00Y000, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Asfalt De Braeve
since 20112.199.443.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025B0650/00Y000 | Flanders | 952 m² | 1 · 182 m² | 3.6 m · 1 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 · 2 entries · 28,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 25,000 EUR | 0 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Recognised contractor
8 categoriesAlgemene Onderneming De Braeve BV39469
Legal Entity Identifier
875500X0I230XPJH6V08
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CEYLAN-TECHNICS
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ENTREPRISES DI MATTEO & FILS
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SMEETS & ZOON
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Riemst · Eq €966k
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 1,713 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2011
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.