BRAECKMAN
ActiveSummary
BRAECKMAN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,692 and a net result of €28,690. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+74
Solvency80▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.06 in 2024; short-term debt: 42% and cash: 5.5% of total assets), and 44.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
55.3%
Return on assets
13%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
61 d late
2023
27 d late
2022
31 d late
2021
25 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€121,692▲ 30.8%
2024 · €93,001
Total assets
€220,243▲ 18.5%
2024 · €185,822
Net result
€28,690
2024 · -€11,245
Working capital
€107,555▲ 26.7%
2024 · €84,899
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€15,066€6,751▼ 55.2%€9,712▲ 43.9%-€11,558€38,358
Net result€10,230within the sector's middle half€4,650within the sector's middle half▼ 54.5%€6,215within the sector's middle half▲ 33.7%-€11,245below the sector's middle half€28,690above the sector's middle half
Equity€93,382within the sector's middle half▲ 12.3%€98,031within the sector's middle half▲ 5.0%€104,246within the sector's middle half▲ 6.3%€93,001within the sector's middle half▼ 10.8%€121,692within the sector's middle half▲ 30.8%
Total assets€207,020within the sector's middle half▼ 2.0%€200,093within the sector's middle half▼ 3.3%€272,868within the sector's middle half▲ 36.4%€185,822within the sector's middle half▼ 31.9%€220,243within the sector's middle half▲ 18.5%
Debt€113,639▼ 11.3%€102,062▼ 10.2%€168,621▲ 65.2%€92,820▼ 45.0%€98,551▲ 6.2%
Working capital€36,833within the sector's middle half▲ 54.5%€45,000within the sector's middle half▲ 22.2%€79,855within the sector's middle half▲ 77.5%€84,899within the sector's middle half▲ 6.3%€107,555above the sector's middle half▲ 26.7%
Solvency45.1%within the sector's middle half▲ 5.7pp49.0%within the sector's middle half▲ 3.9pp38.2%within the sector's middle half▼ 10.8pp50.0%within the sector's middle half▲ 11.8pp55.3%within the sector's middle half▲ 5.2pp
Current ratio1.32within the sector's middle half▲ 0.131.47within the sector's middle half▲ 0.151.49within the sector's middle half▲ 0.012.06within the sector's middle half▲ 0.572.16within the sector's middle half▲ 0.10
Return on assets (ROA)4.9%within the sector's middle half▲ 8.4pp2.3%within the sector's middle half▼ 2.6pp2.3%within the sector's middle half=-6.1%below the sector's middle half▼ 8.3pp13.0%above the sector's middle half▲ 19.1pp
Staff (FTE)6▲ 20.0%6.8▲ 13.3%5.2▼ 23.5%3.9▼ 25.0%3.7▼ 5.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 returns to profit in 2025: €38,358 after a loss of €11,558 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220,243
Fixed assets
€20,154 ▼ 2.8%
Current assets
€200,089 ▲ 21.2%
Equity and liabilities €220,243
Equity
€121,692 ▲ 30.8%
Debt
€98,551 ▲ 6.2%
Debt's share of the balance-sheet total falls from 50.0% to 44.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,935▲
2024 · -€3,545
Cash flow
€29,267▲
2024 · -€3,232
Quick ratio
1.67▲
2024 · 1.13
Debt to equity
0.81▼
2024 · 1.00
ROE
23.6%▲
2024 · -12.1%
Interest coverage
15.47▲
2024 · -1.01
Debt ≤ 1 year
€92,534▲
2024 · €80,192
Debt > 1 year
€6,018▼
2024 · €12,629
Income taxes
€7,154
Staff costs
€42,991▼
2024 · €97,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €21,864 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €128,076 | €133,250 | €114,432 | €97,651 | €42,991 | ▼ 56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,190 | €5,204 | €17,380 | €8,013 | €576 | ▼ 92.8% |
| Other operating charges640/8 | €7,769 | €6,576 | €6,919 | €7,291 | €5,464 | ▼ 25.1% |
| Non-recurring operating charges66A | - | - | €22,807 | - | €174 | - |
| Gross operating margin9900 | €168,099 | €151,781 | €171,250 | €101,396 | €87,563 | ▼ 13.6% |
| Operating profit (loss)9901 | €15,066 | €6,751 | €9,712 | -€11,558 | €38,358 | ▲ 432% |
| Financial income75/76B | - | €64 | €1 | €3,823 | €4 | ▼ 99.9% |
| Recurring financial income75 | - | €64 | €1 | €3,823 | €4 | ▼ 99.9% |
| Financial charges65/66B | €2,494 | €2,165 | €2,430 | €3,509 | €2,517 | ▼ 28.3% |
| Recurring financial charges65 | €2,494 | €2,165 | €2,430 | €3,509 | €2,517 | ▼ 28.3% |
| Profit (loss) for the period before taxes9903 | €12,572 | €4,650 | €7,283 | -€11,245 | €35,845 | ▲ 419% |
| Income taxes67/77 | €2,343 | - | €1,068 | - | €7,154 | - |
| Profit (loss) for the period9904 | €10,230 | €4,650 | €6,215 | -€11,245 | €28,690 | ▲ 355% |
| Profit (loss) for the period to be appropriated9905 | €10,230 | €4,650 | €6,215 | -€11,245 | €28,690 | ▲ 355% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207,020 | €200,093 | €272,868 | €185,822 | €220,243 | ▲ 18.5% |
| Fixed assets21/28 | €56,549 | €60,345 | €28,744 | €20,731 | €20,154 | ▼ 2.8% |
| Tangible fixed assets22/27 | €56,053 | €59,849 | €28,248 | €20,235 | €19,658 | ▼ 2.8% |
| Land and buildings22 | €24,964 | €24,964 | €21,811 | €20,235 | €19,658 | ▼ 2.8% |
| Furniture and vehicles24 | €31,089 | €34,885 | €6,437 | - | - | - |
| Financial fixed assets28 | €496 | €496 | €496 | €496 | €496 | = |
| Current assets29/58 | €150,472 | €139,748 | €244,124 | €165,091 | €200,089 | ▲ 21.2% |
| Stocks and contracts in progress3 | €41,830 | €37,581 | €109,021 | €74,141 | €45,730 | ▼ 38.3% |
| Stocks30/36 | €41,830 | €37,581 | €109,021 | €74,141 | €45,730 | ▼ 38.3% |
| Amounts receivable within one year40/41 | €68,537 | €38,512 | €110,676 | €58,612 | €141,897 | ▲ 142% |
| Trade receivables40 | €68,062 | €37,920 | €100,626 | €46,802 | €140,713 | ▲ 201% |
| Other amounts receivable41 | €475 | €593 | €10,050 | €11,809 | €1,184 | ▼ 90.0% |
| Cash at bank and in hand54/58 | €38,679 | €63,430 | €24,045 | €32,042 | €12,158 | ▼ 62.1% |
| Deferred charges and accrued income490/1 | €1,425 | €225 | €382 | €297 | €303 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207,020 | €200,093 | €272,868 | €185,822 | €220,243 | ▲ 18.5% |
| Equity10/15 | €93,382 | €98,031 | €104,246 | €93,001 | €121,692 | ▲ 30.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €72,930 | €77,580 | €83,795 | €72,550 | €101,240 | ▲ 39.5% |
| Amounts payable17/49 | €113,639 | €102,062 | €168,621 | €92,820 | €98,551 | ▲ 6.2% |
| Amounts payable after more than one year17 | - | €7,314 | €4,353 | €12,629 | €6,018 | ▼ 52.3% |
| Financial debts170/4 | - | €7,314 | €4,353 | €12,629 | €6,018 | ▼ 52.3% |
| Amounts payable within one year42/48 | €113,639 | €94,748 | €164,269 | €80,192 | €92,534 | ▲ 15.4% |
| Current portion of amounts payable after more than one year42 | €2,123 | - | - | - | - | - |
| Financial debts43 | €451 | - | - | - | - | - |
| Credit institutions430/8 | €451 | - | - | - | - | - |
| Trade debts44 | €44,679 | €22,664 | €83,608 | €15,951 | €16,049 | ▲ 0.6% |
| Suppliers440/4 | €44,679 | €22,664 | €83,608 | €15,951 | €16,049 | ▲ 0.6% |
| Taxes, remuneration and social security45 | €30,829 | €24,084 | €15,165 | €13,157 | €25,421 | ▲ 93.2% |
| Taxes450/3 | €14,131 | €6,352 | €1,847 | €1,847 | €21,009 | ▲ 1,037% |
| Remuneration and social security454/9 | €16,698 | €17,733 | €13,317 | €11,310 | €4,411 | ▼ 61.0% |
| Other amounts payable47/48 | €35,558 | €47,999 | €65,496 | €51,083 | €51,064 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,230 | €4,650 | €6,215 | -€11,245 | €28,690 | ▲ 355% |
| + Depreciation and write-downs630 | €17,190 | €5,204 | €17,380 | €8,013 | €576 | ▼ 92.8% |
| Operating cash flow (approximation) | €27,419 | €9,853 | €23,595 | -€3,232 | €29,267 | ▲ 1,006% |
| Investment in fixed assets (approximation) | - | -€9,000 | €14,221 | €0 | €0 | - |
| Change in cash | - | €24,750 | -€39,385 | €7,997 | -€19,883 | ▼ 349% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €28,690
Net result €28,690 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €121,692 ▲30.8%
Equity rises from €93,001 to €121,692.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Equity above €100,000Eq €104,246 ▲6.3%
3 profitable years in a row build equity to €104,246.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €10,230
Net result €10,230 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Back to profitnet €25,881
Net result €25,881 after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Dendermonde · 3 establishment units since 1991
Ground area
6,602 m²
Building footprint
1,804 m²
Volume, LiDAR
7,458 m³
3 parcels, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
BRAECKMAN BVBA
since 19912.053.751.108
BRAECKMAN BVBA
since 20092.194.622.822
BRAECKMAN
since 20192.301.020.934
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41066A0338/00K000 | Flanders | 3,994 m² | 1 · 878 m² | 11.5 m · 2 fl. |
| 42021A1137/00H000 | Flanders | 1,344 m² | 1 · 206 m² | - |
| 42018A0977/00E000 | Flanders | 1,264 m² | 1 · 720 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 911 companies in sector 47793 we hold annual accounts for 162. 115 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
Founded31-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
47793Retail sale of other second-hand goods, excluding clothing
49420Removal services
25401Forging of metal
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444761331
Also
9925:BE0444761331
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.