Brad Works

Active

Private limited companyfounded 20224 yrs activeAlfons Butsstraat 34, 2980 Zoersel, BelgiumKBO/BCE: BE 0784.233.518

The computed 12-month bankruptcy probability of Brad Works is 3.1% (moderate). The 2024 annual accounts show equity of €6k and a net result of €-4k. Its solvency ranks better than 25% of 2438 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability52▼-43

Solvency46▼-6

Growth32

Track record94

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.37 against 0.39 in 2023; short-term debt: 77.8% and cash: 15.5% of total assets), and 78.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

21.2%

Return on assets

-13.4%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-07-2025, 19 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

19 d early

2023

16 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€6k▼ 38.6%

2023 · €10k

2023: €10k

2023 → 2024

Total assets

€30k▼ 20.6%

2023 · €38k

2023: €38k

2023 → 2024

Net result

€-4k

2023 · €8k

2023: €8k

2023 → 2024

Working capital

€-15k▼ 2.7%

2023 · €-14k

2023: €-14k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€10k-€6k▼ 38.6%

Operating result€12k-€-4k

Net result€8k-€-4k

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 2024: a loss of €4k after €12k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €30k

71.3%

28.7%

Fixed assets €22k▼ 24.8%

Current assets €9k▼ 7.6%

Equity and liabilities €30k

21.2%

78.8%

Equity €6k▼ 38.6%

Debt €24k▼ 13.8%

The debt ratio rises from 72.5% to 78.8%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€4k▼

2023 · €19k

Cash flow

€3k▼

2023 · €15k

Solvency

21.2%▼

2023 · 27.5%

Current ratio

0.37▼

2023 · 0.39

Quick ratio

0.37▼

2023 · 0.39

Debt / equity

3.71▲

2023 · 2.64

ROE

-63.0%▼

2023 · 76.1%

ROA

-13.4%▼

2023 · 20.9%

Interest coverage

7.85▼

2023 · 25.84

Debt

€24k▼

2023 · €28k

Debt ≤ 1 year

€24k▼

2023 · €24k

Debt > 1 year

€297▼

2023 · €4k

Income taxes

€0▼

2023 · €3k

Staff costs

€0

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€38k€30k▼

Fixed assets21/28€29k€22k▼

Tangible fixed assets22/27€29k€22k▼

Plant, machinery and equipment23€910€652▼

Furniture and vehicles24€28k€21k▼

Current assets29/58€9k€9k▼

Amounts receivable within one year40/41€2k€4k▲

Trade receivables40€403€489▲

Other amounts receivable41€2k€3k▲

Cash at bank and in hand54/58€7k€5k▼

Deferred charges and accrued income490/1€647€296▼

Equity and liabilities

Total equity and liabilities10/49€38k€30k▼

Equity10/15€10k€6k▼

Contributions10/11€3k€3k=

Reserves13€8k€8k=

Distributable reserves133€8k€8k=

Profit (loss) carried forward14-€-4k

Amounts payable17/49€28k€24k▼

Amounts payable after more than one year17€4k€297▼

Financial debts170/4€4k€297▼

Amounts payable within one year42/48€24k€24k▼

Current portion of amounts payable after more than one year42€3k€3k▲

Trade debts44€1k€982▼

Suppliers440/4€1k€982▼

Taxes, remuneration and social security45€2k€2k▲

Taxes450/3€2k€2k▲

Other amounts payable47/48€17k€17k▼

Income statement Code20232024

Remuneration, social security and pensions62-€0

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲

Other operating charges640/8€1k€780▼

Gross operating margin9900€20k€4k▼

Operating profit (loss)9901€12k€-4k▼

Financial income75/76B€2€0▼

Recurring financial income75€2€0▼

Financial charges65/66B€719€450▼

Recurring financial charges65€719€450▼

Profit (loss) for the period before taxes9903€11k€-4k▼

Income taxes67/77€3k€0▼

Profit (loss) for the period9904€8k€-4k▼

Profit (loss) for the period to be appropriated9905€8k€-4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€-4k▼

Transfer to equity691/2€8k€0▼

To other reserves6921€8k€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

12-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

15-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

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, Zoersel · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Alfons Butsstraat 342980 Zoersel

Ground area

592 m²

Building footprint

93 m²

Volume, LiDAR

494 m³

Parcel 11453I0147/00S002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Brad Works

Alfons Butsstraat 34, 2980 ZoerselSupport activities for crop production

since 20222.329.977.612

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11453I0147/00S002	Flanders	592 m²	1 · 93 m²	8.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

MYCK.WORKS

BE 1020.186.513

Sint-Pieters-Leeuw · Eq €7k

Of 3,463 companies in sector 25530 we hold annual accounts for 1,656. 375 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-03-2022

Fiscal year end31-12

Abbreviation NL B.W.

Activities, NACEBEL

25530Machining of metals

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.