BRACO
ActiveSummary
BRACO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €393k and a net result of €76k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 10.22 against 9.12 in 2024; short-term debt: 9.8% and cash: 43.4% of total assets), and 9.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.1%
Return on assets
17.4%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-05-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
13 d late
2024
2 d early
2023
46 d early
2022
17 d early
2021
2 d late
2020
6 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€393k▲ 23.6%
2024 · €318k
Total assets
€436k▲ 22.1%
2024 · €357k
Net result
€76k▲ 51.2%
2024 · €50k
Working capital
€392k▲ 24.6%
2024 · €315k
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€188k▲ 188%€67k▼ 64.2%€81k▲ 20.2%€70k▼ 13.5%€98k▲ 40.1%
Net result€142k▲ 180%€57k▼ 59.8%€60k▲ 5.7%€50k▼ 16.5%€76k▲ 51.2%
Equity€338k▲ 72.2%€395k▲ 16.9%€291k▼ 26.3%€318k▲ 9.2%€393k▲ 23.6%
Total assets€409k▲ 69.8%€424k▲ 3.7%€388k▼ 8.6%€357k▼ 8.0%€436k▲ 22.1%
Debt€72k▲ 59.3%€30k▼ 58.6%€97k▲ 228%€39k▼ 59.6%€43k▲ 9.6%
Working capital€338k▲ 72.1%€387k▲ 14.6%€284k▼ 26.7%€315k▲ 10.9%€392k▲ 24.6%
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 2025; 2025 is 40% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €436k
Fixed assets
€787 ▼ 75.7%
Current assets
€435k ▲ 23.0%
Equity and liabilities €436k
Equity
€393k ▲ 23.6%
Debt
€43k ▲ 9.6%
Debt's share of the balance-sheet total falls from 11.0% to 9.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101k▲
2024 · €75k
Cash flow
€78k▲
2024 · €55k
Current ratio
10.22▲
2024 · 9.12
Debt to equity
0.11▼
2024 · 0.12
ROE
19.4%▲
2024 · 15.8%
ROA
17.4%▲
2024 · 14.1%
Interest coverage
628.87▼
2024 · 1153.60
Debt ≤ 1 year
€43k▲
2024 · €39k
Income taxes
€22k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €2k | €4k | €5k | €2k | ▼ 49.1% |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €1k | ▼ 4.4% |
| Gross operating margin9900 | €190k | €71k | €86k | €76k | €102k | ▲ 33.7% |
| Operating profit (loss)9901 | €188k | €67k | €81k | €70k | €98k | ▲ 40.1% |
| Financial income75/76B | €0 | €8k | €4k | €0 | €67 | - |
| Recurring financial income75 | €0 | €8k | €4k | €0 | €67 | - |
| Financial charges65/66B | €340 | €160 | €127 | €65 | €160 | ▲ 147% |
| Recurring financial charges65 | €340 | €160 | €127 | €65 | €160 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €188k | €75k | €85k | €70k | €98k | ▲ 40.1% |
| Income taxes67/77 | €46k | €18k | €25k | €20k | €22k | ▲ 12.0% |
| Profit (loss) for the period9904 | €142k | €57k | €60k | €50k | €76k | ▲ 51.2% |
| Profit (loss) for the period to be appropriated9905 | €142k | €57k | €60k | €50k | €76k | ▲ 51.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €409k | €424k | €388k | €357k | €436k | ▲ 22.1% |
| Fixed assets21/28 | - | €8k | €7k | €3k | €787 | ▼ 75.7% |
| Tangible fixed assets22/27 | - | €8k | €7k | €3k | €787 | ▼ 75.7% |
| Plant, machinery and equipment23 | - | €943 | €2k | €2k | €787 | ▼ 60.0% |
| Furniture and vehicles24 | - | €7k | €5k | €1k | €0 | ▼ 100% |
| Current assets29/58 | €409k | €416k | €381k | €354k | €435k | ▲ 23.0% |
| Amounts receivable within one year40/41 | €207k | €142k | €89k | €95k | €245k | ▲ 157% |
| Trade receivables40 | €61k | €96k | €44k | €49k | €48k | ▼ 1.5% |
| Other amounts receivable41 | €146k | €46k | €46k | €46k | €197k | ▲ 325% |
| Cash at bank and in hand54/58 | €202k | €274k | €291k | €258k | €189k | ▼ 26.6% |
| Deferred charges and accrued income490/1 | €302 | €694 | €345 | €396 | €400 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €409k | €424k | €388k | €357k | €436k | ▲ 22.1% |
| Equity10/15 | €338k | €395k | €291k | €318k | €393k | ▲ 23.6% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Reserves13 | €332k | €389k | €272k | €299k | €374k | ▲ 25.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €330k | €387k | €270k | €297k | €372k | ▲ 25.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €72k | €30k | €97k | €39k | €43k | ▲ 9.6% |
| Amounts payable within one year42/48 | €71k | €29k | €97k | €39k | €43k | ▲ 9.8% |
| Trade debts44 | €8k | €8k | €1k | €4k | €2k | ▼ 45.7% |
| Suppliers440/4 | €8k | €8k | €1k | €4k | €2k | ▼ 45.7% |
| Taxes, remuneration and social security45 | €59k | €21k | €58k | €29k | €32k | ▲ 8.4% |
| Taxes450/3 | €59k | €21k | €58k | €27k | €30k | ▲ 9.0% |
| Remuneration and social security454/9 | - | - | - | €2k | €2k | = |
| Other amounts payable47/48 | €4k | €766 | €37k | €5k | €8k | ▲ 67.0% |
| Accrued charges and deferred income492/3 | €37 | €374 | €432 | €442 | €409 | ▼ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142k | €57k | €60k | €50k | €76k | ▲ 51.2% |
| + Depreciation and write-downs630 | €0 | €2k | €4k | €5k | €2k | ▼ 49.1% |
| Operating cash flow (approximation) | €142k | €59k | €64k | €55k | €78k | ▲ 42.4% |
| Investment in fixed assets (approximation) | - | - | €-4k | €-659 | €0 | ▲ 100% |
| Change in cash | - | €72k | €17k | €-33k | €-69k | ▼ 110% |
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
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 9.12
Current ratio from 3.94 to 9.12; short-term debt falls from €97k to €39k.
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 14.24
Current ratio from 5.73 to 14.24; short-term debt falls from €71k to €29k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Highest result since 2018net €142k ▲180%
Operating result €188k, net result €142k, both a record.
30-09
Financial
Equity above €200kEq €338k ▲72.2%
4 profitable years in a row build equity to €338k.
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
30-09
Financial
Equity above €150kEq €196k ▲34.8%
3 profitable years in a row build equity to €196k.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
Show earlier events
2019
30-09
Financial
Liquidity doublescurrent ratio 4.71
Current ratio from 2.14 to 4.71.
30-09
Financial
Equity above €100kEq €146k ▲242%
2 profitable years in a row build equity to €146k.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
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, Merelbeke-Melle · 1 establishment unit since 2017
Ground area
7,452 m²
Building footprint
435 m²
Volume, LiDAR
2,779 m³
Parcel 44040D0370/00L000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kalverhagestraat 9, 9090 Merelbeke-Melle
since 20172.266.902.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040D0370/00L000 | Flanders | 7,452 m² | 1 · 435 m² | 9.5 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.
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Of 3,149 companies in sector 63920 we hold annual accounts for 1,524. 1,045 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 (pre-2019)
Founded13-07-2017
Fiscal year end30-09
Activities, NACEBEL 2025
63920Other information service activities
64210Activities of holding companies
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.