Brabo Connect
ActiveThe computed 12-month bankruptcy probability of Brabo Connect is 1.6% (moderate). The 2024 annual accounts show equity of €52k and a net result of €-8k. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability30▼-70
Solvency65=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 2.06 in 2023; short-term debt: 36.5% and cash: 2.6% of total assets), but 60.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
-6.5%
Age of the figures
21 mo
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 dateAge against the risk zone
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 15-07-2025, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
37 d early
2022
4 d early
2021
26 d early
2020
19 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€52k▼ 14.0%
2023 · €60k
2019: €24k
2020: €11k
2021: €7k
2022: €22k
2023: €60k
2019 → 2024
Total assets
€131k▼ 13.9%
2023 · €152k
2019: €80k
2020: €52k
2021: €48k
2022: €90k
2023: €152k
2019 → 2024
Net result
€-8k
2023 · €39k
2019: €11k
2020: €-19k
2021: €-4k
2022: €42k
2023: €39k
2019 → 2024
Working capital
€35k▼ 23.9%
2023 · €46k
2019: €4k
2020: €660
2021: €15k
2022: €17k
2023: €46k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€7k▼ 35.1%€22k▲ 214%€60k▲ 180%€52k▼ 14.0%
Operating result€-12k-€-1k▲ 88.8%€49k€48k▼ 2.5%€-4k
Net result€-19k-€-4k▲ 79.9%€42k€39k▼ 7.0%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €48k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€48k▼ 22.6%
Current assets
€83k▼ 7.9%
Equity and liabilities €131k
Equity
€52k▼ 14.0%
Debt
€79k▼ 13.8%
The debt ratio stays at 60.3%.
Key figures and ratios
EBITDA
€15k▼
2023 · €57k
Cash flow
€11k▼
2023 · €48k
Solvency
39.7%▼
2023 · 39.7%
Current ratio
1.74▼
2023 · 2.06
Quick ratio
1.74▼
2023 · 2.06
Debt / equity
1.52▲
2023 · 1.52
ROE
-16.3%▼
2023 · 64.2%
ROA
-6.5%▼
2023 · 25.5%
Interest coverage
2.38▼
2023 · 21.09
Debt
€79k▼
2023 · €92k
Debt ≤ 1 year
€48k▲
2023 · €44k
Debt > 1 year
€31k▼
2023 · €48k
Staff costs
€4k
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€152k€131k▼
Fixed assets21/28€62k€48k▼
Tangible fixed assets22/27€62k€48k▼
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€28k€20k▼
Leasing and similar rights25€31k€23k▼
Financial fixed assets28-€225
Current assets29/58€90k€83k▼
Amounts receivable within one year40/41€90k€80k▼
Trade receivables40€6k€10k▲
Other amounts receivable41€84k€69k▼
Cash at bank and in hand54/58-€3k
Equity and liabilities
Total equity and liabilities10/49€152k€131k▼
Equity10/15€60k€52k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€40k€31k▼
Amounts payable17/49€92k€79k▼
Amounts payable after more than one year17€48k€31k▼
Financial debts170/4€48k€31k▼
Amounts payable within one year42/48€44k€48k▲
Current portion of amounts payable after more than one year42€19k€17k▼
Financial debts43€9k€10k▲
Credit institutions430/8€9k€10k▲
Trade debts44€892€10k▲
Suppliers440/4€892€10k▲
Taxes, remuneration and social security45€15k€10k▼
Taxes450/3€15k€10k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€19k▲
Other operating charges640/8€1k€878▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€60k€20k▼
Operating profit (loss)9901€48k€-4k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€49k€-8k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€39k€-8k▼
Profit (loss) for the period to be appropriated9905€39k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€31k▼
Profit (loss) brought forward from the previous period14P€1k€40k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-19k ▼276%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Lokeren · 1 establishment unit since 2018
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.
Baronshof 19160 LokerenGround area
3,648 m²
Building footprint
1,398 m²
Volume, LiDAR
18,152 m³
Parcel 46383D0730/00S002, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Brabo Connect
since 20182.276.971.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D0730/00S002 | Flanders | 3,648 m² | 1 · 1,398 m² | 16.5 m · 5 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.
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GRONDWERKEN GROAP
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Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2018
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43211General electrical installation work
43130Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.