BRABUS BOATS
ActiveSummary
The computed 12-month bankruptcy probability of BRABUS BOATS is 2.0% (moderate). The 2024 annual accounts show equity of €21k and a net result of €3k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 2024 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
Profitability32▼-36
Solvency29▲+1
Growth32=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.96 against 1.6 in 2023; short-term debt: 22.9% and cash: 0.2% of total assets), and 96.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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 2024Solvency, return and age of the figures
Solvency
3.8%
Return on assets
0.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2024 sector peers (2024).
NBB · sector comparisonPosition among 2024 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-11-2025, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
117 d late
2023
149 d late
2022
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€21k▲ 14.1%
2023 · €18k
2022: €22khighest in 3 years
2023: €18k▼ -17.0% vs 2022lowest in 3 years
2024: €21k▲ +14.1% vs 2023
2022 → 2024
Total assets
€556k▼ 12.3%
2023 · €634k
2022: €120klowest in 3 years
2023: €634k▲ +428% vs 2022highest in 3 years
2024: €556k▼ -12.3% vs 2023
2022 → 2024
Net result
€3k
2023 · €-4k
2022: €17khighest in 3 years
2023: €-4k▼ -122% vs 2022lowest in 3 years
2024: €3k▲ +169% vs 2023
2022 → 2024
Working capital
€-6k
2023 · €72k
2022: €66k
2023: €72k▲ +8.6% vs 2022highest in 3 years
2024: €-6k▼ -108% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€22k-€18k▼ 17.0%€21k▲ 14.1%
2022: €22khighest in 3 years
2023: €18k▼ -17.0% vs 2022lowest in 3 years
2024: €21k▲ +14.1% vs 2023
Operating result€28k-€5k▼ 80.9%€20k▲ 280%
2022: €28khighest in 3 years
2023: €5k▼ -80.9% vs 2022lowest in 3 years
2024: €20k▲ +280% vs 2023
Net result€17k-€-4k€3k
2022: €17khighest in 3 years
2023: €-4k▼ -122% vs 2022lowest in 3 years
2024: €3k▲ +169% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 280% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €556k
Fixed assets
€435k ▼ 1.4%
Current assets
€122k ▼ 37.0%
Equity and liabilities €556k
Equity
€21k ▲ 14.1%
Debt
€536k ▼ 13.0%
Debt's share of the balance-sheet total falls from 97.1% to 96.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2023 · €57k
Cash flow
€9k▼
2023 · €48k
Current ratio
0.96▼
2023 · 1.60
Quick ratio
0.51▲
2023 · 0.51
Debt to equity
25.64▼
2023 · 33.65
ROE
12.4%▲
2023 · -20.5%
ROA
0.5%▲
2023 · -0.6%
Interest coverage
1.50▼
2023 · 6.33
Debt ≤ 1 year
€127k▲
2023 · €121k
Debt > 1 year
€408k▼
2023 · €494k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€634k€556k▼
Fixed assets21/28€441k€435k▼
Intangible fixed assets21€1€0▼
Tangible fixed assets22/27€437k€430k▼
Land and buildings22€389k€383k▼
Plant, machinery and equipment23€1k€601▼
Furniture and vehicles24€0-
Leasing and similar rights25€47k€47k=
Financial fixed assets28€4k€4k=
Current assets29/58€193k€122k▼
Stocks and contracts in progress3€132k€57k▼
Stocks30/36€132k€57k▼
Amounts receivable within one year40/41€56k€62k▲
Trade receivables40€51k€62k▲
Other amounts receivable41€5k-
Cash at bank and in hand54/58€6k€835▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€634k€556k▼
Equity10/15€18k€21k▲
Contributions10/11€5k€5k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-4k€-1k▲
Amounts payable17/49€616k€536k▼
Amounts payable after more than one year17€494k€408k▼
Financial debts170/4€494k€408k▼
Amounts payable within one year42/48€121k€127k▲
Current portion of amounts payable after more than one year42€19k€48k▲
Financial debts43€24k€17k▼
Credit institutions430/8€24k€17k▼
Trade debts44€71k€39k▼
Suppliers440/4€71k€39k▼
Taxes, remuneration and social security45€7k€24k▲
Taxes450/3€7k€24k▲
Other amounts payable47/48-€12
Accrued charges and deferred income492/3€443€443=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€6k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€59k€30k▼
Operating profit (loss)9901€5k€20k▲
Financial income75/76B€18€3▼
Recurring financial income75€18€3▼
Financial charges65/66B€9k€18k▲
Recurring financial charges65€9k€18k▲
Profit (loss) for the period before taxes9903€-4k€3k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-4k€3k▲
Profit (loss) for the period to be appropriated9905€-4k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-1k▲
Profit (loss) brought forward from the previous period14P-€-4k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €52k | €6k | ▼ 88.1% |
| Other operating charges640/8 | €769 | €1k | €4k | ▲ 191% |
| Gross operating margin9900 | €36k | €59k | €30k | ▼ 48.4% |
| Operating profit (loss)9901 | €28k | €5k | €20k | ▲ 280% |
| Financial income75/76B | €20 | €18 | €3 | ▼ 85.4% |
| Recurring financial income75 | €20 | €18 | €3 | ▼ 85.4% |
| Financial charges65/66B | €6k | €9k | €18k | ▲ 93.5% |
| Recurring financial charges65 | €6k | €9k | €18k | ▲ 93.5% |
| Profit (loss) for the period before taxes9903 | €21k | €-4k | €3k | ▲ 169% |
| Income taxes67/77 | €4k | €0 | - | - |
| Profit (loss) for the period9904 | €17k | €-4k | €3k | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-4k | €3k | ▲ 169% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €120k | €634k | €556k | ▼ 12.3% |
| Fixed assets21/28 | €24k | €441k | €435k | ▼ 1.4% |
| Intangible fixed assets21 | €1 | €1 | €0 | ▼ 38.5% |
| Tangible fixed assets22/27 | €20k | €437k | €430k | ▼ 1.4% |
| Land and buildings22 | - | €389k | €383k | ▼ 1.5% |
| Plant, machinery and equipment23 | €2k | €1k | €601 | ▼ 42.5% |
| Furniture and vehicles24 | €18k | €0 | - | - |
| Leasing and similar rights25 | - | €47k | €47k | = |
| Financial fixed assets28 | €4k | €4k | €4k | = |
| Current assets29/58 | €96k | €193k | €122k | ▼ 37.0% |
| Stocks and contracts in progress3 | €71k | €132k | €57k | ▼ 57.1% |
| Stocks30/36 | €71k | €132k | €57k | ▼ 57.1% |
| Amounts receivable within one year40/41 | €18k | €56k | €62k | ▲ 11.9% |
| Trade receivables40 | €18k | €51k | €62k | ▲ 22.7% |
| Other amounts receivable41 | - | €5k | - | - |
| Cash at bank and in hand54/58 | €4k | €6k | €835 | ▼ 85.2% |
| Deferred charges and accrued income490/1 | €4k | - | €2k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €120k | €634k | €556k | ▼ 12.3% |
| Equity10/15 | €22k | €18k | €21k | ▲ 14.1% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €17k | €17k | €17k | = |
| Distributable reserves133 | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | - | €-4k | €-1k | ▲ 68.8% |
| Amounts payable17/49 | €98k | €616k | €536k | ▼ 13.0% |
| Amounts payable after more than one year17 | €63k | €494k | €408k | ▼ 17.5% |
| Financial debts170/4 | €63k | €494k | €408k | ▼ 17.5% |
| Amounts payable within one year42/48 | €30k | €121k | €127k | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | €19k | €48k | ▲ 160% |
| Financial debts43 | - | €24k | €17k | ▼ 31.0% |
| Credit institutions430/8 | - | €24k | €17k | ▼ 31.0% |
| Trade debts44 | €3k | €71k | €39k | ▼ 45.6% |
| Suppliers440/4 | €3k | €71k | €39k | ▼ 45.6% |
| Taxes, remuneration and social security45 | €22k | €7k | €24k | ▲ 224% |
| Taxes450/3 | €22k | €7k | €24k | ▲ 224% |
| Other amounts payable47/48 | €4k | - | €12 | - |
| Accrued charges and deferred income492/3 | €5k | €443 | €443 | = |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-4k | €3k | ▲ 169% |
| + Depreciation and write-downs630 | €8k | €52k | €6k | ▼ 88.1% |
| Operating cash flow (approximation) | €25k | €48k | €9k | ▼ 81.9% |
| Investment in fixed assets (approximation) | - | €-469k | €0 | ▲ 100% |
| Change in cash | - | €2k | €-5k | ▼ 338% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 117 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 149 days late
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
21-06
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 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.
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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, Temse · 1 establishment unit since 2021
Ground area
145 m²
Building footprint
45 m²
Parcel 46025B1091/00B003, Flanders. Linked by address, not a title deed.
1 establishment unit
BRABUS BOATS
since 20212.320.158.737
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1091/00B003indicative | Flanders | 145 m² | 1 · 45 m² | - |
Linked by address, not proof of ownership
Good to know
0 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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Of 111 companies in sector 77340 we hold annual accounts for 56. 27 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
Founded26-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
77340Rental and leasing activities
03110Fishing and aquaculture
33150Repair, maintenance and installation of machinery and equipment
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.