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BOBRUSH

Active
Private limited companyfounded 20223 yrs activeTer Vlucht 20, 8850 Ardooie, BelgiumKBO/BCE: BE 0795.348.134
Summary

The computed 12-month bankruptcy probability of BOBRUSH is 2.1% (moderate). The 2024 annual accounts show equity of €628,360 and a net result of -€201,373. Its solvency ranks better than 21% of 9086 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability14▼-15
Solvency42▼-3
Growth32
Track record94
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.45 against 1.3 in 2023; short-term debt: 65.5% and cash: 2.6% of total assets), and 82.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
17.3%
Return on assets
-5.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€201,373
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9086 sector peers (2024).
NBB · sector comparison
Position among 9086 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
6 d late
2023
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 December 2022, BOBRUSH was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€628,360▼ 24.3%
2023 · €829,733
Total assets
€3.6m▼ 11.6%
2023 · €4.1m
Net result
-€201,373▼ 981%
2023 · -€18,632
Working capital
€1.1m▲ 19.7%
2023 · €886,145
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€150,516--€50,277
Net result-€18,632below the sector's middle half--€201,373below the sector's middle half▼ 981%
Equity€829,733within the sector's middle half-€628,360within the sector's middle half▼ 24.3%
Total assets€4.1mabove the sector's middle half-€3.6mabove the sector's middle half▼ 11.6%
Debt€3.3m-€3.0m▼ 8.3%
Working capital€886,145within the sector's middle half-€1.1mabove the sector's middle half▲ 19.7%
Solvency20.2%below the sector's middle half-17.3%below the sector's middle half▼ 2.9pp
Current ratio1.30within the sector's middle half-1.45within the sector's middle half▲ 0.15
Return on assets (ROA)-0.5%below the sector's middle half--5.6%below the sector's middle half▼ 5.1pp
Staff (FTE)13.6above the sector's middle half-13.2above the sector's middle half▼ 2.9%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€300,000-€200,000-€100,000€0€100,000€200,000Operating result 2023: €150,516€150,516Net result 2023: -€18,632-€18,632Operating result 2024: -€50,277-€50,277Net result 2024: -€201,373-€201,37320232024-€300,000-€200,000-€100,000€0€100,000€200,000Operating result 2023: €150,516€151,000Net result 2023: -€18,632-€18,600Operating result 2024: -€50,277-€50,300Net result 2024: -€201,373-€201,00020232024
The operating result turns negative in 2024: a loss of €50,277 after €150,516 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.6m
Fixed assets €185,788 ▼ 19.2%
Current assets €3.4m ▼ 11.0%
Equity and liabilities €3.6m
Equity €628,360 ▼ 24.3%
Debt €3.0m ▼ 8.3%
Debt's share of the balance-sheet total rises from 79.8% to 82.7%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€42,285▼
2023 · €306,946
Cash flow
-€108,811▼
2023 · €137,798
Quick ratio
0.33▲
2023 · 0.31
Debt to equity
4.77▲
2023 · 3.94
ROE
-32.0%▼
2023 · -2.2%
Interest coverage
0.27▼
2023 · 1.28
Debt ≤ 1 year
€2.4m▼
2023 · €3.0m
Debt > 1 year
€624,178▲
2023 · €298,674
Income taxes
€263▲
2023 · -€44,053
Staff costs
€820,194▼
2023 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 441 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet Code20232024
Assets
Total assets20/58€4.1m€3.6m▼
Formation expenses20€12,237€5,716▼
Fixed assets21/28€230,025€185,788▼
Intangible fixed assets21€40,832€46,831▲
Tangible fixed assets22/27€187,392€138,957▼
Plant, machinery and equipment23€159,400€117,413▼
Furniture and vehicles24€15,139€12,992▼
Leasing and similar rights25€12,853€8,553▼
Financial fixed assets28€1,800€0▼
Current assets29/58€3.9m€3.4m▼
Stocks and contracts in progress3€2.9m€2.6m▼
Stocks30/36€2.9m€2.6m▼
Amounts receivable within one year40/41€901,474€693,068▼
Trade receivables40€786,844€651,958▼
Other amounts receivable41€114,630€41,110▼
Cash at bank and in hand54/58€24,512€95,920▲
Deferred charges and accrued income490/1-€4,679
Equity and liabilities
Total equity and liabilities10/49€4.1m€3.6m▼
Equity10/15€829,733€628,360▼
Contributions10/11€260,234€260,234=
Reserves13€152,423€152,423=
Tax-exempt reserves132€120,795€120,795=
Distributable reserves133€31,628€31,628=
Profit (loss) carried forward14€417,075€215,703▼
Amounts payable17/49€3.3m€3.0m▼
Amounts payable after more than one year17€298,674€624,178▲
Financial debts170/4€298,674€624,178▲
Amounts payable within one year42/48€3.0m€2.4m▼
Current portion of amounts payable after more than one year42€92,356€74,496▼
Financial debts43€1.4m€1.4m▲
Credit institutions430/8€1.4m€1.4m▲
Trade debts44€783,615€711,805▼
Suppliers440/4€783,615€711,805▼
Taxes, remuneration and social security45€123,779€135,273▲
Taxes450/3€57,005€88,836▲
Remuneration and social security454/9€66,774€46,437▼
Other amounts payable47/48€547,751€23,870▼
Income statement Code20232024
Remuneration, social security and pensions62€1.2m€820,194▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156,429€92,562▼
Other operating charges640/8€12,657€4,568▼
Non-recurring operating charges66A€5,390€24,278▲
Gross operating margin9900€1.5m€891,325▼
Operating profit (loss)9901€150,516-€50,277▼
Financial income75/76B€25,973€5,925▼
Recurring financial income75€25,973€5,925▼
Financial charges65/66B€239,174€156,757▼
Recurring financial charges65€239,174€156,757▼
Profit (loss) for the period before taxes9903-€62,685-€201,109▼
Income taxes67/77-€44,053€263▲
Profit (loss) for the period9904-€18,632-€201,373▼
Profit (loss) for the period to be appropriated9905-€18,632-€201,373▼
Appropriation of the result
Profit (loss) to be appropriated9906€417,075€215,703▼
Profit (loss) brought forward from the previous period14P€435,707€417,075▼
Social balance
Average headcount (FTE)908713.613.2▼

The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€1.2m€820,194▼ 28.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156,429€92,562▼ 40.8%
Other operating charges640/8€12,657€4,568▼ 63.9%
Non-recurring operating charges66A€5,390€24,278▲ 350%
Gross operating margin9900€1.5m€891,325▼ 39.6%
Operating profit (loss)9901€150,516-€50,277▼ 133%
Financial income75/76B€25,973€5,925▼ 77.2%
Recurring financial income75€25,973€5,925▼ 77.2%
Financial charges65/66B€239,174€156,757▼ 34.5%
Recurring financial charges65€239,174€156,757▼ 34.5%
Profit (loss) for the period before taxes9903-€62,685-€201,109▼ 221%
Income taxes67/77-€44,053€263▲ 101%
Profit (loss) for the period9904-€18,632-€201,373▼ 981%
Profit (loss) for the period to be appropriated9905-€18,632-€201,373▼ 981%
Line20232024Change
Assets
Total assets20/58€4.1m€3.6m▼ 11.6%
Formation expenses20€12,237€5,716▼ 53.3%
Fixed assets21/28€230,025€185,788▼ 19.2%
Intangible fixed assets21€40,832€46,831▲ 14.7%
Tangible fixed assets22/27€187,392€138,957▼ 25.8%
Plant, machinery and equipment23€159,400€117,413▼ 26.3%
Furniture and vehicles24€15,139€12,992▼ 14.2%
Leasing and similar rights25€12,853€8,553▼ 33.5%
Financial fixed assets28€1,800€0▼ 100%
Current assets29/58€3.9m€3.4m▼ 11.0%
Stocks and contracts in progress3€2.9m€2.6m▼ 9.9%
Stocks30/36€2.9m€2.6m▼ 9.9%
Amounts receivable within one year40/41€901,474€693,068▼ 23.1%
Trade receivables40€786,844€651,958▼ 17.1%
Other amounts receivable41€114,630€41,110▼ 64.1%
Cash at bank and in hand54/58€24,512€95,920▲ 291%
Deferred charges and accrued income490/1-€4,679-
Equity and liabilities
Total equity and liabilities10/49€4.1m€3.6m▼ 11.6%
Equity10/15€829,733€628,360▼ 24.3%
Contributions10/11€260,234€260,234=
Reserves13€152,423€152,423=
Tax-exempt reserves132€120,795€120,795=
Distributable reserves133€31,628€31,628=
Profit (loss) carried forward14€417,075€215,703▼ 48.3%
Amounts payable17/49€3.3m€3.0m▼ 8.3%
Amounts payable after more than one year17€298,674€624,178▲ 109%
Financial debts170/4€298,674€624,178▲ 109%
Amounts payable within one year42/48€3.0m€2.4m▼ 20.1%
Current portion of amounts payable after more than one year42€92,356€74,496▼ 19.3%
Financial debts43€1.4m€1.4m▲ 0.3%
Credit institutions430/8€1.4m€1.4m▲ 0.3%
Trade debts44€783,615€711,805▼ 9.2%
Suppliers440/4€783,615€711,805▼ 9.2%
Taxes, remuneration and social security45€123,779€135,273▲ 9.3%
Taxes450/3€57,005€88,836▲ 55.8%
Remuneration and social security454/9€66,774€46,437▼ 30.5%
Other amounts payable47/48€547,751€23,870▼ 95.6%
Line20232024Change
Profit (loss) for the period9904-€18,632-€201,373▼ 981%
+ Depreciation and write-downs630€156,429€92,562▼ 40.8%
Operating cash flow (approximation)€137,798-€108,811▼ 179%
Investment in fixed assets (approximation)--€48,325-
Change in cash-€71,409-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
06-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Ardooie · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
8,080 m²
Building footprint
4,228 m²
Volume, LiDAR
39,901 m³
Parcel 36001E0966/00D000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
BOBRUSH
Ter Vlucht 20, 8850 ArdooieManufacture of chemicals and chemical products
since 20222.339.641.681
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36001E0966/00D000 Flanders 8,080 m² 1 · 4,228 m² 12.1 m · 3 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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 3 entries · 3,905 EUR awarded · 4,028 EUR paid
Year Entries awardedpaid
2025 1 3,864 EUR3,864 EUR
2024 1 41 EUR41 EUR
2023 1 0 EUR123 EUR
Schemes
3 entries · 3,905 EUR · 4,028 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

984500B8877FP47C6638
live in the LEI register

Similar companies · same sector, comparable size

Of 472 companies in sector 46442 we hold annual accounts for 336. 233 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
32910Other manufacturing
46442Wholesale trade
Contact
Website bobrush.be
E-mail info@bobrush.be
Phone 051/300117
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795348134
Registered 31-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.