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BR MENUISERIE

Active
Private limited companyfounded 20214 yrs activeAllée des Cerisiers(SS) 8, 5002 Namur, BelgiumKBO/BCE: BE 0777.629.697
Summary

The computed 12-month bankruptcy probability of BR MENUISERIE is 3.0% (moderate). The 2024 annual accounts show equity of €23,365 and a net result of €335. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 36380 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability61▼-35
Solvency83▼-5
Growth52=
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 2.32 in 2023; short-term debt: 41.9% and cash: 36.5% of total assets), and 41.9% of the assets are financed with debt.
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Signals

Five 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 4 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
58.1%
Return on assets
0.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 23-06-2025, 38 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
2022
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 November 2021, BR MENUISERIE was incorporated as a Private limited company.1 Total assets went from EUR 25,917 in 2022 to EUR 40,222 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€23,365▲ 1.5%
2023 · €23,030
Total assets
€40,222▲ 10.5%
2023 · €36,393
Net result
€335▼ 95.7%
2023 · €7,855
Working capital
€19,277▲ 9.2%
2023 · €17,647
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line202220232024
Operating result€13,766-€9,960▼ 27.6%€2,191▼ 78.0%
Net result€10,175within the sector's middle half-€7,855within the sector's middle half▼ 22.8%€335within the sector's middle half▼ 95.7%
Equity€15,175below the sector's middle half-€23,030within the sector's middle half▲ 51.8%€23,365within the sector's middle half▲ 1.5%
Total assets€25,917below the sector's middle half-€36,393below the sector's middle half▲ 40.4%€40,222below the sector's middle half▲ 10.5%
Debt€10,742-€13,362▲ 24.4%€16,857▲ 26.1%
Working capital€9,989-€17,647▲ 76.7%€19,277▲ 9.2%
Solvency58.6%within the sector's middle half-63.3%within the sector's middle half▲ 4.7pp58.1%within the sector's middle half▼ 5.2pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2022: €13,766€13,766Net result 2022: €10,175€10,175Operating result 2023: €9,960€9,960Net result 2023: €7,855€7,855Operating result 2024: €2,191€2,191Net result 2024: €335€335202220232024€0€5,000€10,000€15,000Operating result 2022: €13,766€13,800Net result 2022: €10,175€10,200Operating result 2023: €9,960€9,960Net result 2023: €7,855€7,860Operating result 2024: €2,191€2,190Net result 2024: €335€335202220232024
The operating result has fallen two years in a row; 2024 is 78% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40,222
Fixed assets €4,089 ▼ 24.1%
Current assets €36,133 ▲ 16.5%
Equity and liabilities €40,222
Equity €23,365 ▲ 1.5%
Debt €16,857 ▲ 26.1%
Debt's share of the balance-sheet total rises from 36.7% to 41.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€3,904▼
2023 · €11,373
Cash flow
€2,049▼
2023 · €9,269
Current ratio
2.14▼
2023 · 2.32
Debt to equity
0.72▲
2023 · 0.58
ROE
1.4%▼
2023 · 34.1%
ROA
0.8%▼
2023 · 21.6%
Interest coverage
4.96▼
2023 · 79.53
Debt ≤ 1 year
€16,857▲
2023 · €13,362
Income taxes
€1,127▼
2023 · €2,002
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,549 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
1.8% went bankrupt
3.1% stopped otherwise
94% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% 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 2,549 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 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€36,393€40,222▲
Fixed assets21/28€5,384€4,089▼
Tangible fixed assets22/27€5,384€4,089▼
Plant, machinery and equipment23€2,216€2,028▼
Furniture and vehicles24€3,167€2,060▼
Current assets29/58€31,009€36,133▲
Amounts receivable within one year40/41€18,162€20,978▲
Trade receivables40€14,531€20,976▲
Other amounts receivable41€3,631€2▼
Cash at bank and in hand54/58€12,402€14,681▲
Deferred charges and accrued income490/1€445€474▲
Equity and liabilities
Total equity and liabilities10/49€36,393€40,222▲
Equity10/15€23,030€23,365▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€18,030€18,365▲
Amounts payable17/49€13,362€16,857▲
Amounts payable within one year42/48€13,362€16,857▲
Trade debts44€2,084€3,346▲
Suppliers440/4€2,084€3,346▲
Taxes, remuneration and social security45€8,350€9,499▲
Taxes450/3€2,900€4,049▲
Remuneration and social security454/9€5,450€5,450=
Other amounts payable47/48€2,928€4,011▲
Income statement Code20232024
Remuneration, social security and pensions62€301-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,413€1,714▲
Other operating charges640/8€534€631▲
Gross operating margin9900€12,208€4,535▼
Operating profit (loss)9901€9,960€2,191▼
Financial income75/76B€40€59▲
Recurring financial income75€40€59▲
Financial charges65/66B€143€788▲
Recurring financial charges65€143€788▲
Profit (loss) for the period before taxes9903€9,857€1,462▼
Income taxes67/77€2,002€1,127▼
Profit (loss) for the period9904€7,855€335▼
Profit (loss) for the period to be appropriated9905€7,855€335▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,030€18,365▲
Profit (loss) brought forward from the previous period14P€10,175€18,030▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Remuneration, social security and pensions62€3,883€301--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€689€1,413€1,714▲ 21.2%
Other operating charges640/8€844€534€631▲ 18.3%
Gross operating margin9900€19,181€12,208€4,535▼ 62.8%
Operating profit (loss)9901€13,766€9,960€2,191▼ 78.0%
Financial income75/76B€49€40€59▲ 47.8%
Recurring financial income75€49€40€59▲ 47.8%
Financial charges65/66B€140€143€788▲ 451%
Recurring financial charges65€140€143€788▲ 451%
Profit (loss) for the period before taxes9903€13,675€9,857€1,462▼ 85.2%
Income taxes67/77€3,500€2,002€1,127▼ 43.7%
Profit (loss) for the period9904€10,175€7,855€335▼ 95.7%
Profit (loss) for the period to be appropriated9905€10,175€7,855€335▼ 95.7%
Line202220232024Change
Assets
Total assets20/58€25,917€36,393€40,222▲ 10.5%
Fixed assets21/28€5,186€5,384€4,089▼ 24.1%
Tangible fixed assets22/27€5,186€5,384€4,089▼ 24.1%
Plant, machinery and equipment23€1,543€2,216€2,028▼ 8.5%
Furniture and vehicles24€3,644€3,167€2,060▼ 35.0%
Current assets29/58€20,730€31,009€36,133▲ 16.5%
Amounts receivable within one year40/41€11,793€18,162€20,978▲ 15.5%
Trade receivables40€10,269€14,531€20,976▲ 44.4%
Other amounts receivable41€1,524€3,631€2▼ 99.9%
Cash at bank and in hand54/58€8,537€12,402€14,681▲ 18.4%
Deferred charges and accrued income490/1€400€445€474▲ 6.5%
Equity and liabilities
Total equity and liabilities10/49€25,917€36,393€40,222▲ 10.5%
Equity10/15€15,175€23,030€23,365▲ 1.5%
Contributions10/11€5,000€5,000€5,000=
Capital10€5,000---
Issued capital100€5,000---
Profit (loss) carried forward14€10,175€18,030€18,365▲ 1.9%
Amounts payable17/49€10,742€13,362€16,857▲ 26.1%
Amounts payable within one year42/48€10,742€13,362€16,857▲ 26.1%
Trade debts44€1,997€2,084€3,346▲ 60.5%
Suppliers440/4€1,997€2,084€3,346▲ 60.5%
Taxes, remuneration and social security45€8,633€8,350€9,499▲ 13.8%
Taxes450/3€5,000€2,900€4,049▲ 39.6%
Remuneration and social security454/9€3,633€5,450€5,450=
Other amounts payable47/48€112€2,928€4,011▲ 37.0%
Line202220232024Change
Profit (loss) for the period9904€10,175€7,855€335▼ 95.7%
+ Depreciation and write-downs630€689€1,413€1,714▲ 21.2%
Operating cash flow (approximation)€10,864€9,269€2,049▼ 77.9%
Investment in fixed assets (approximation)--€1,610-€419▲ 74.0%
Change in cash-€3,864€2,279▼ 41.0%

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
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €335 ▼95.7%
Net result drops to €335, the lowest in the series.
24-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Namur · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
909 m²
Building footprint
166 m²
Volume, LiDAR
713 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BR MENUISERIE
Rue Saint-Fiacre 25, 5000 NamurJoinery installation
since 20212.324.551.550
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92108B0384/00X012 Wallonia 794 m² 1 · 110 m² 6.2 m
92094B0227/00E002 Wallonia 115 m² 1 · 56 m² 11.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 6,403 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
Founded23-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0777629697
Also 9925:BE0777629697
Registered 18-12-2025

Register as of 27 September 2026 · Peppol Directory

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