BRACKE
ActiveSummary
For BRACKE, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €92,140 and a net result of -€21,320. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 5601 sector peers (fiscal year 2022). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability23▼-18
Solvency44▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 2022Solvency, return and age of the figures
Solvency
19.3%
Return on assets
-4.5%
Age of the figures
45 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-10-2023, 80 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
80 d late
2021
49 d late
2020
59 d late
2019
45 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 58 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€92,140▼ 18.8%
2021 · €113,460
Total assets
€478,096▼ 3.2%
2021 · €493,671
Net result
-€21,320
2021 · €37,759
Working capital
-€77,078▼ 7.7%
2021 · -€71,576
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line20182019202020212022
Operating result-€22,286--€8,481▲ 61.9%-€22,817▼ 169%€8,740-€479
Net result-€23,410--€29,551▼ 26.2%-€43,959below the sector's middle half▼ 48.8%€37,759above the sector's middle half-€21,320below the sector's middle half
Equity€149,212-€119,660▼ 19.8%€75,701within the sector's middle half▼ 36.7%€113,460above the sector's middle half▲ 49.9%€92,140within the sector's middle half▼ 18.8%
Total assets€549,813-€524,635▼ 4.6%€511,217above the sector's middle half▼ 2.6%€493,671above the sector's middle half▼ 3.4%€478,096above the sector's middle half▼ 3.2%
Debt€400,601-€107,475▼ 73.2%€140,515▲ 30.7%€87,711▼ 37.6%€95,957▲ 9.4%
Working capital-€328,945--€44,260▲ 86.5%-€75,308below the sector's middle half▼ 70.1%-€71,576below the sector's middle half▲ 5.0%-€77,078below the sector's middle half▼ 7.7%
Solvency27.1%-22.8%▼ 4.3pp14.8%within the sector's middle half▼ 8.0pp23.0%within the sector's middle half▲ 8.2pp19.3%within the sector's middle half▼ 3.7pp
Current ratio0.02-0.09▲ 0.070.09below the sector's middle half=0.14below the sector's middle half▲ 0.050.19below the sector's middle half▲ 0.04
Return on assets (ROA)-4.3%--5.6%▼ 1.4pp-8.6%below the sector's middle half▼ 3.0pp7.6%within the sector's middle half▲ 16.2pp-4.5%below the sector's middle half▼ 12.1pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
The operating result turns negative in 2022: a loss of €479 after €8,740 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €478,096
Fixed assets
€460,467 ▼ 4.4%
Current assets
€17,629 ▲ 47.6%
Equity and liabilities €478,096
Equity
€92,140 ▼ 18.8%
Provisions
€290,000 ▼ 0.9%
Debt
€95,957 ▲ 9.4%
Debt's share of the balance-sheet total rises from 17.8% to 20.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,600▼
2021 · €33,048
Cash flow
€2,759▼
2021 · €62,067
Debt to equity
1.04▲
2021 · 0.77
ROE
-23.1%▼
2021 · 33.3%
Interest coverage
1.12▼
2021 · 1.57
Debt ≤ 1 year
€94,707▲
2021 · €83,516
Debt > 1 year
€1,250▼
2021 · €4,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,479 | €2,500 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,467 | €26,522 | €26,610 | €24,308 | €24,079 | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | €2,764 | €3,254 | ▲ 17.7% |
| Gross operating margin9900 | €6,695 | €20,660 | €6,713 | €35,812 | €26,854 | ▼ 25.0% |
| Operating profit (loss)9901 | -€22,286 | -€8,481 | -€22,817 | €8,740 | -€479 | ▼ 105% |
| Financial income75/76B | - | - | - | €50,039 | €240 | ▼ 99.5% |
| Recurring financial income75 | €369 | €992 | €138 | €39 | €240 | ▲ 514% |
| Non-recurring financial income76B | - | - | - | €50,000 | - | - |
| Financial charges65/66B | - | - | - | €21,020 | €21,081 | ▲ 0.3% |
| Recurring financial charges65 | €1,493 | €22,062 | €20,974 | €21,020 | €21,081 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€23,410 | -€29,551 | -€43,959 | €37,759 | -€21,320 | ▼ 156% |
| Profit (loss) for the period9904 | -€23,410 | -€29,551 | -€43,959 | €37,759 | -€21,320 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | -€23,410 | -€29,551 | -€43,959 | €37,759 | -€21,320 | ▼ 156% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €549,813 | €524,635 | €511,217 | €493,671 | €478,096 | ▼ 3.2% |
| Fixed assets21/28 | €541,707 | €520,047 | €503,590 | €481,731 | €460,467 | ▼ 4.4% |
| Tangible fixed assets22/27 | €541,517 | €519,856 | €503,400 | €481,589 | €460,309 | ▼ 4.4% |
| Land and buildings22 | - | - | - | €475,211 | €457,951 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | - | - | €3,947 | €548 | ▼ 86.1% |
| Furniture and vehicles24 | - | - | - | €2,431 | €1,810 | ▼ 25.5% |
| Financial fixed assets28 | €190 | €190 | €190 | €143 | €158 | ▲ 11.0% |
| Current assets29/58 | €8,106 | €4,588 | €7,626 | €11,940 | €17,629 | ▲ 47.6% |
| Amounts receivable within one year40/41 | €6,230 | €2,120 | €2,413 | €3,895 | €7,130 | ▲ 83.1% |
| Trade receivables40 | - | - | - | €3,895 | €6,656 | ▲ 70.9% |
| Other amounts receivable41 | - | - | - | - | €474 | - |
| Cash at bank and in hand54/58 | - | €745 | €2,138 | €7,178 | €9,465 | ▲ 31.9% |
| Deferred charges and accrued income490/1 | - | - | - | €867 | €1,034 | ▲ 19.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €549,813 | €524,635 | €511,217 | €493,671 | €478,096 | ▼ 3.2% |
| Equity10/15 | €149,212 | €119,660 | €75,701 | €113,460 | €92,140 | ▼ 18.8% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | - | €150,000 | €150,000 | = |
| Issued capital100 | - | - | - | €150,000 | €150,000 | = |
| Reserves13 | €309,015 | €309,015 | €309,015 | €309,015 | €309,015 | = |
| Tax-exempt reserves132 | - | - | - | €144,721 | €121,027 | ▼ 16.4% |
| Distributable reserves133 | - | - | - | €164,294 | €187,987 | ▲ 14.4% |
| Profit (loss) carried forward14 | -€309,803 | -€339,354 | -€383,313 | -€345,555 | -€366,875 | ▼ 6.2% |
| Provisions and deferred taxes16 | - | €297,500 | €295,000 | €292,500 | €290,000 | ▼ 0.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €292,500 | €290,000 | ▼ 0.9% |
| Environmental obligations163 | - | - | - | €292,500 | €290,000 | ▼ 0.9% |
| Amounts payable17/49 | €400,601 | €107,475 | €140,515 | €87,711 | €95,957 | ▲ 9.4% |
| Amounts payable after more than one year17 | €62,821 | €58,475 | €57,103 | €4,196 | €1,250 | ▼ 70.2% |
| Financial debts170/4 | - | - | - | €4,196 | €1,250 | ▼ 70.2% |
| Amounts payable within one year42/48 | €337,051 | €48,849 | €82,934 | €83,516 | €94,707 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,871 | €2,946 | ▲ 2.6% |
| Financial debts43 | - | - | - | €52 | - | - |
| Credit institutions430/8 | - | - | - | €52 | - | - |
| Trade debts44 | €3,905 | €1,217 | €1,743 | €539 | €1,818 | ▲ 238% |
| Suppliers440/4 | - | - | - | €539 | €1,818 | ▲ 238% |
| Advances received on contracts in progress46 | - | - | - | - | €1,270 | - |
| Taxes, remuneration and social security45 | - | - | - | €48,490 | - | - |
| Taxes450/3 | - | - | - | €3,246 | - | - |
| Remuneration and social security454/9 | - | - | - | €45,244 | - | - |
| Other amounts payable47/48 | - | - | - | €31,564 | €88,673 | ▲ 181% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,410 | -€29,551 | -€43,959 | €37,759 | -€21,320 | ▼ 156% |
| + Depreciation and write-downs630 | €26,467 | €26,522 | €26,610 | €24,308 | €24,079 | ▼ 0.9% |
| Operating cash flow (approximation) | €3,057 | -€3,029 | -€17,349 | €62,067 | €2,759 | ▼ 95.6% |
| Investment in fixed assets (approximation) | - | -€4,862 | -€10,153 | -€2,449 | -€2,816 | ▼ 15.0% |
| Change in cash | - | - | €1,393 | €5,040 | €2,287 | ▼ 54.6% |
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
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
18-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 49 days late
2021
31-12
Financial
Back to profitnet €37,759
Net result €37,759 after 3 loss-making years.
31-12
Financial
Equity above €100,000Eq €113,460 ▲49.9%
Equity rises from €75,701 to €113,460.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet -€43,959
Net result drops to -€43,959, the lowest in the series; recovery starts the following year.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
2014
17-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostende · 1 establishment unit since 1994
Ground area
1,345 m²
Parcel 35382D0691/00F003, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BRACKE
since 19942.064.994.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0691/00F003 | Flanders | 1,345 m² | - | - |
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.
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Of 963 companies in sector 49310 we hold annual accounts for 488. 315 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded22-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
49310Scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451751566
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.