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Bracke

Active
Private limited companyfounded 201312 yrs activeBuizerdstraat 26, 3910 Pelt, BelgiumKBO/BCE: BE 0541.583.662
Summary

Bracke has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.2m and a net result of €1.6m. Equity is growing by ~4.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+55
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 23.19 against 20.63 in 2023; short-term debt: 4.3% and cash: 21.9% of total assets), and 4.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
95.5%
Return on assets
35.7%
Age of the figures
21 mo
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 12 years 0 20 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 filings
Deviation from the deadline
2025
not confirmed
2024
64 d late
2023
34 d late
2022
60 d late
2021
89 d late
2020
117 d late
2019
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 81 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 31 October 2013, Bracke was incorporated.1 Total assets went from EUR 2.2 million in 2018 to EUR 4.4 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€4.2m▲ 59.6%
2023 · €2.7m
Total assets
€4.4m▲ 65.5%
2023 · €2.7m
Net result
€1.6m▲ 1,816%
2023 · €82,480
Working capital
€4.2m▲ 925%
2023 · €413,181
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
Line20202021202220232024
Operating result€105,828▼ 39.3%€132,034▲ 24.8%€131,353▼ 0.5%€114,348▼ 12.9%€1.7m▲ 1,390%
Net result€77,417▼ 40.6%€98,384▲ 27.1%€101,690▲ 3.4%€82,480▼ 18.9%€1.6m▲ 1,816%
Equity€2.4m▲ 3.4%€2.5m▲ 4.2%€2.6m▲ 4.1%€2.7m▲ 3.2%€4.2m▲ 59.6%
Total assets€2.4m▲ 3.7%€2.5m▲ 2.4%€2.6m▲ 3.6%€2.7m▲ 3.2%€4.4m▲ 65.5%
Debt€75,218▲ 16.4%€35,272▼ 53.1%€24,710▼ 29.9%€25,765▲ 4.3%€197,895▲ 668%
Working capital€146,634▲ 99.7%€236,138▲ 61.0%€342,317▲ 45.0%€413,181▲ 20.7%€4.2m▲ 925%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2024 Net result +1,816% on 2023. The accounts now follow the micro schema, last year the abbreviated schema.
  • 2024 Equity +60%, Total assets +65% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
€0€500,000€1.0m€1.5mOperating result 2020: €105,828€105,828Net result 2020: €77,417€77,417Operating result 2021: €132,034€132,034Net result 2021: €98,384€98,384Operating result 2022: €131,353€131,353Net result 2022: €101,690€101,690Operating result 2023: €114,348€114,348Net result 2023: €82,480€82,480Operating result 2024: €1.7m€1.7mNet result 2024: €1.6m€1.6m20202021202220232024€0€500,000€1m€1.5mOperating result 2022: €131,353€131,000Net result 2022: €101,690€102,000Operating result 2023: €114,348€114,000Net result 2023: €82,480€82,500Operating result 2024: €1.7m€1.7mNet result 2024: €1.6m€1.6m202220232024
The operating result recovers in 2024; 2024 is 1,390% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.4m
Fixed assets €1,838 ▼ 99.9%
Current assets €4.4m ▲ 919%
Equity and liabilities €4.4m
Equity €4.2m ▲ 59.6%
Debt €197,895 ▲ 668%
Debt's share of the balance-sheet total rises from 1.0% to 4.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.7m
Cash flow
€1.6m
Current ratio
23.19▲
2023 · 20.63
Debt to equity
0.05▲
2023 · 0.01
ROE
37.3%▲
2023 · 3.1%
ROA
35.7%▲
2023 · 3.1%
Interest coverage
31.46
Debt ≤ 1 year
€190,863▲
2023 · €21,050
Income taxes
€232,836▲
2023 · €33,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,058 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 17,792 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 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.7m€4.4m▲
Fixed assets21/28€2.2m€1,838▼
Tangible fixed assets22/27-€1,838
Furniture and vehicles24-€1,838
Financial fixed assets28€2.2m€0▼
Current assets29/58€434,232€4.4m▲
Amounts receivable within one year40/41€39,492€30,192▼
Other amounts receivable41€39,492€30,192▼
Current investments50/53-€3.4m
Cash at bank and in hand54/58€394,740€968,243▲
Equity and liabilities
Total equity and liabilities10/49€2.7m€4.4m▲
Equity10/15€2.7m€4.2m▲
Contributions10/11€2.2m€2.2m=
Reserves13€463,589€2.0m▲
Distributable reserves133€463,589€2.0m▲
Amounts payable17/49€25,765€197,895▲
Amounts payable within one year42/48€21,050€190,863▲
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€7,079€72▼
Suppliers440/4€7,079€72▼
Taxes, remuneration and social security45€13,972€190,785▲
Taxes450/3€13,972€190,785▲
Accrued charges and deferred income492/3€4,715€7,031▲
Income statement Code20232024
Non-recurring operating income76A-€1.6m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€61
Other operating charges640/8€1,277€5,491▲
Gross operating margin9900€115,625€1.7m▲
Operating profit (loss)9901€114,348€1.7m▲
Financial income75/76B€2,322€163,533▲
Recurring financial income75€2,322€163,533▲
Financial charges65/66B€1,101€54,144▲
Recurring financial charges65€1,101€54,144▲
Profit (loss) for the period before taxes9903€115,569€1.8m▲
Income taxes67/77€33,089€232,836▲
Profit (loss) for the period9904€82,480€1.6m▲
Profit (loss) for the period to be appropriated9905€82,480€1.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906€82,480€1.6m▲
Transfer to equity691/2€82,480€1.6m▲
To other reserves6921€82,480€1.6m▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€1.6m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€61-
Other operating charges640/8-€1,233€1,209€1,277€5,491▲ 330%
Gross operating margin9900€106,975€133,267€132,562€115,625€1.7m▲ 1,378%
Operating profit (loss)9901€105,828€132,034€131,353€114,348€1.7m▲ 1,390%
Financial income75/76B-€25€1,868€2,322€163,533▲ 6,944%
Recurring financial income75€0€25€1,868€2,322€163,533▲ 6,944%
Financial charges65/66B-€4,180€217€1,101€54,144▲ 4,818%
Recurring financial charges65€1,573€4,180€217€1,101€54,144▲ 4,818%
Profit (loss) for the period before taxes9903€104,255€127,878€133,004€115,569€1.8m▲ 1,469%
Income taxes67/77€26,838€29,495€31,314€33,089€232,836▲ 604%
Profit (loss) for the period9904€77,417€98,384€101,690€82,480€1.6m▲ 1,816%
Profit (loss) for the period to be appropriated9905€77,417€98,384€101,690€82,480€1.6m▲ 1,816%
Line20202021202220232024Change
Assets
Total assets20/58€2.4m€2.5m€2.6m€2.7m€4.4m▲ 65.5%
Fixed assets21/28€2.2m€2.2m€2.2m€2.2m€1,838▼ 99.9%
Tangible fixed assets22/27----€1,838-
Furniture and vehicles24----€1,838-
Financial fixed assets28€2.2m€2.2m€2.2m€2.2m€0▼ 100%
Current assets29/58€221,852€271,410€363,273€434,232€4.4m▲ 919%
Amounts receivable within one year40/41€13,554€21,335€15,486€39,492€30,192▼ 23.5%
Other amounts receivable41-€21,335€15,486€39,492€30,192▼ 23.5%
Current investments50/53----€3.4m-
Cash at bank and in hand54/58€208,298€250,075€347,787€394,740€968,243▲ 145%
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.5m€2.6m€2.7m€4.4m▲ 65.5%
Equity10/15€2.4m€2.5m€2.6m€2.7m€4.2m▲ 59.6%
Contributions10/11-€2.2m€2.2m€2.2m€2.2m=
Reserves13€181,036€279,420€381,110€463,589€2.0m▲ 341%
Distributable reserves133-€279,420€381,110€463,589€2.0m▲ 341%
Amounts payable17/49€75,218€35,272€24,710€25,765€197,895▲ 668%
Amounts payable within one year42/48€75,218€35,272€20,955€21,050€190,863▲ 807%
Financial debts43----€6-
Credit institutions430/8----€6-
Trade debts44€9,961€2,290€5,217€7,079€72▼ 99.0%
Suppliers440/4-€2,290€5,217€7,079€72▼ 99.0%
Taxes, remuneration and social security45-€15,596€15,738€13,972€190,785▲ 1,265%
Taxes450/3-€15,596€15,738€13,972€190,785▲ 1,265%
Remuneration and social security454/9--€0---
Other amounts payable47/48-€17,386€0---
Accrued charges and deferred income492/3--€3,755€4,715€7,031▲ 49.1%
Line20202021202220232024Change
Profit (loss) for the period9904€77,417€98,384€101,690€82,480€1.6m▲ 1,816%
+ Depreciation and write-downs630----€61-
Operating cash flow (approximation)€77,417€98,384€101,690€82,480€1.6m▲ 1,816%
Investment in fixed assets (approximation)--€8,880€735-€12,576€2.2m▲ 17,913%
Change in cash-€41,777€97,712€46,953€573,503▲ 1,121%

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
03-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
31-12
Financial Highest result since 2018net €1.6m ▲1,816%
Operating result €1.7m, net result €1.6m, both a record.
03-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 34 days late
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial Liquidity doublescurrent ratio 17.34
Current ratio from 7.69 to 17.34; short-term debt falls from €35,272 to €20,955.
28-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 89 days late
2021
31-12
Financial Liquidity triplescurrent ratio 7.69
Current ratio from 2.95 to 7.69; short-term debt falls from €75,218 to €35,272.
25-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
2020
30-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial Back to profitnet €130,341
Net result €130,341 after one loss-making year.
31-12
Financial Liquidity times 21current ratio 2.14
Current ratio from 0.10 to 2.14.
30-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
Show earlier events
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
23-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Pelt · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
3,214 m²
Building footprint
246 m²
Volume, LiDAR
1,450 m³
Parcel 72025A0728/00V000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bracke
Buizerdstraat 26, 3910 PeltFinancial service activities, except insurance and pension funding
since 20132.226.232.350
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72025A0728/00V000 Flanders 3,214 m² 1 · 246 m² 9.7 m · 2 fl.
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 1

  • F.A.L.E. BrackeNLsubsidiary
    Equity €3.5mResult €48,571
    100%+ 0% via subsidiaries

According to the 2023 annual accounts of Bracke and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

699400XBSH54FNHWR098
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded31-10-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0541583662
Also 9925:BE0541583662
Registered 19-12-2025

Register as of 27 September 2026 · Peppol Directory

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