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BRABOIKOS

Active
Public limited companyfounded 199333 yrs activeMuinkkaai 51, 9000 Gent, BelgiumKBO/BCE: BE 0449.865.610
Summary

BRABOIKOS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237,210 and a net result of €2,458. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 2344 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability70▲+2
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 3.34 against 3.47 in 2024; short-term debt: 6% and cash: 0% of total assets), and 6.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
93.9%
Return on assets
1%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 25-02-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
2 d early
2023
1 d early
2022
1 d early
2021
6 d early
2020
5 d early
2019
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
31-07-2026 close27-09-2026 today28-02-2027 deadline
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

BRABOIKOS was incorporated on 1 April 1993.1 Total assets went from EUR 277,178 in 2019 to EUR 252,547 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€237,210▲ 1.0%
2024 · €234,752
Total assets
€252,547▲ 2.9%
2024 · €245,514
Net result
€2,458
2024 · -€1,094
Working capital
€35,322▲ 57.9%
2024 · €22,363
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,476▼ 708%-€3,178▼ 28.3%-€336▲ 89.4%-€935▼ 178%€738
Net result-€2,581▼ 535%-€3,292▼ 27.5%-€495▲ 85.0%-€1,094▼ 121%€2,458
Equity€239,633▼ 1.1%€236,341▼ 1.4%€235,846▼ 0.2%€234,752▼ 0.5%€237,210▲ 1.0%
Total assets€255,488▼ 4.9%€241,912▼ 5.3%€238,651▼ 1.3%€245,514▲ 2.9%€252,547▲ 2.9%
Debt€15,854▼ 39.8%€5,570▼ 64.9%€2,805▼ 49.6%€10,762▲ 284%€15,337▲ 42.5%
Working capital-€9,746▲ 49.4%-€774▲ 92.1%€11,915€22,363▲ 87.7%€35,322▲ 57.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000Operating result 2021: -€2,476-€2,476Net result 2021: -€2,581-€2,581Operating result 2022: -€3,178-€3,178Net result 2022: -€3,292-€3,292Operating result 2023: -€336-€336Net result 2023: -€495-€495Operating result 2024: -€935-€935Net result 2024: -€1,094-€1,094Operating result 2025: €738€738Net result 2025: €2,458€2,45820212022202320242025-€2,000-€1,000€0€1,000€2,000Operating result 2023: -€336-€336Net result 2023: -€495-€495Operating result 2024: -€935-€935Net result 2024: -€1,094-€1,090Operating result 2025: €738€738Net result 2025: €2,458€2,460202320242025
The operating result returns to profit in 2025: €738 after a loss of €935 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252,547
Fixed assets €202,127 ▼ 5.6%
Current assets €50,419 ▲ 60.4%
Equity and liabilities €252,547
Equity €237,210 ▲ 1.0%
Debt €15,337 ▲ 42.5%
Debt's share of the balance-sheet total rises from 4.4% to 6.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,698▲
2024 · €11,329
Cash flow
€14,418▲
2024 · €11,170
Current ratio
3.34▼
2024 · 3.47
Debt to equity
0.06▲
2024 · 0.05
ROE
1.0%▲
2024 · -0.5%
ROA
1.0%▲
2024 · -0.4%
Interest coverage
50.09▼
2024 · 71.25
Debt ≤ 1 year
€15,097▲
2024 · €9,064
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% 1.6%
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 74% 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 16,986 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 · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€245,514€252,547▲
Fixed assets21/28€214,088€202,127▼
Tangible fixed assets22/27€214,088€202,127▼
Land and buildings22€214,088€202,127▼
Current assets29/58€31,427€50,419▲
Amounts receivable within one year40/41€30,376€48,977▲
Other amounts receivable41€30,376€48,977▲
Cash at bank and in hand54/58€992€84▼
Deferred charges and accrued income490/1€59€1,359▲
Equity and liabilities
Total equity and liabilities10/49€245,514€252,547▲
Equity10/15€234,752€237,210▲
Contributions10/11€297,472€297,472=
Capital10€297,472€297,472=
Issued capital100€297,472€297,472=
Reserves13€600€600=
Non-distributable reserves130/1€600€600=
Legal reserve130€600€600=
Profit (loss) carried forward14-€63,320-€60,862▲
Amounts payable17/49€10,762€15,337▲
Amounts payable within one year42/48€9,064€15,097▲
Trade debts44€64€2,597▲
Suppliers440/4€64€2,597▲
Other amounts payable47/48€9,000€12,500▲
Accrued charges and deferred income492/3€1,698€239▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,264€11,960▼
Other operating charges640/8€2,308€3,401▲
Gross operating margin9900€13,637€16,099▲
Operating profit (loss)9901-€935€738▲
Financial income75/76B-€1,973
Recurring financial income75-€1,973
Financial charges65/66B€159€254▲
Recurring financial charges65€159€254▲
Profit (loss) for the period before taxes9903-€1,094€2,458▲
Profit (loss) for the period9904-€1,094€2,458▲
Profit (loss) for the period to be appropriated9905-€1,094€2,458▲
Appropriation of the result
Profit (loss) to be appropriated9906-€63,320-€60,862▲
Profit (loss) brought forward from the previous period14P-€62,226-€63,320▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,794€12,264€12,264€12,264€11,960▼ 2.5%
Other operating charges640/8-€3,190€3,258€2,308€3,401▲ 47.3%
Gross operating margin9900€13,454€12,276€15,186€13,637€16,099▲ 18.1%
Operating profit (loss)9901-€2,476-€3,178-€336-€935€738▲ 179%
Financial income75/76B----€1,973-
Recurring financial income75----€1,973-
Financial charges65/66B-€114€159€159€254▲ 59.4%
Recurring financial charges65€105€114€159€159€254▲ 59.4%
Profit (loss) for the period before taxes9903-€2,581-€3,292-€495-€1,094€2,458▲ 325%
Profit (loss) for the period9904-€2,581-€3,292-€495-€1,094€2,458▲ 325%
Profit (loss) for the period to be appropriated9905-€2,581-€3,292-€495-€1,094€2,458▲ 325%
Line20212022202320242025Change
Assets
Total assets20/58€255,488€241,912€238,651€245,514€252,547▲ 2.9%
Fixed assets21/28€250,879€238,615€226,351€214,088€202,127▼ 5.6%
Tangible fixed assets22/27€250,879€238,615€226,351€214,088€202,127▼ 5.6%
Land and buildings22-€238,008€226,048€214,088€202,127▼ 5.6%
Plant, machinery and equipment23-€607€304---
Current assets29/58€4,608€3,296€12,300€31,427€50,419▲ 60.4%
Amounts receivable within one year40/41--€12,075€30,376€48,977▲ 61.2%
Other amounts receivable41--€12,075€30,376€48,977▲ 61.2%
Cash at bank and in hand54/58€4,608€3,296€224€992€84▼ 91.6%
Deferred charges and accrued income490/1---€59€1,359▲ 2,213%
Equity and liabilities
Total equity and liabilities10/49€255,488€241,912€238,651€245,514€252,547▲ 2.9%
Equity10/15€239,633€236,341€235,846€234,752€237,210▲ 1.0%
Contributions10/11€297,472€297,472€297,472€297,472€297,472=
Capital10-€297,472€297,472€297,472€297,472=
Issued capital100-€297,472€297,472€297,472€297,472=
Reserves13€600€600€600€600€600=
Non-distributable reserves130/1-€600€600€600€600=
Legal reserve130-€600€600€600€600=
Profit (loss) carried forward14-€58,439-€61,731-€62,226-€63,320-€60,862▲ 3.9%
Amounts payable17/49€15,854€5,570€2,805€10,762€15,337▲ 42.5%
Amounts payable within one year42/48€14,354€4,070€384€9,064€15,097▲ 66.6%
Trade debts44€2,503€2,556€384€64€2,597▲ 3,971%
Suppliers440/4-€2,556€384€64€2,597▲ 3,971%
Other amounts payable47/48-€1,515-€9,000€12,500▲ 38.9%
Accrued charges and deferred income492/3-€1,500€2,421€1,698€239▼ 85.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€2,581-€3,292-€495-€1,094€2,458▲ 325%
+ Depreciation and write-downs630€12,794€12,264€12,264€12,264€11,960▼ 2.5%
Operating cash flow (approximation)€10,213€8,972€11,769€11,170€14,418▲ 29.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€1,312-€3,072€768-€909▼ 218%

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

Next filing, fiscal year 2026, expected by 28-02-2027
2026
25-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
Financial Back to profitnet €2,458
Net result €2,458 after 6 loss-making years.
26-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
Financial Liquidity times 40current ratio 31.99
Current ratio from 0.81 to 31.99; short-term debt falls from €4,070 to €384.
27-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
22-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
23-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
27-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 5 days late
2017
28-02
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
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, Gent · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
969 m²
Building footprint
481 m²
Volume, LiDAR
3,301 m³
2 parcels, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Zwijnaardsesteenweg 21 C, 9000 Gent
NACE 70201
since 19932.062.249.593
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44808H0258/00E003 Flanders 570 m² 1 · 267 m² -
44804D2709/00L009 Flanders 399 m² 1 · 214 m² 17.0 m · 5 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 6,734 companies in sector 93299 we hold annual accounts for 1,169. 758 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded01-04-1993
Fiscal year end31-07
Activities, NACEBEL 2025
93299Other amusement and recreation activities
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

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