Equity
€19.3m ▲ 3.1%
BRAET has made a profit in every financial year since 2006.
BRAET
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2005peak €151.3m (2022)
€80.2m▲ 7.6%
peak €4.4m (2022)
€978,675▼ 26.7%
peak €19.3m (2025)
€19.3m▲ 3.1%
€16.6m▲ 5.7%
peak 15.7 FTE (2006)
12.2 FTE▼ 9.6%
Board5 names since 2018
2 directorsBRAREM and 1 other
Owners
99.97%Immobra
Documentsfilings and deeds
14-05-202647 days before the deadline
2025financial year
Result from €1.3m to €978,675Staff from 13.5 FTE to 12.2 FTECash from €4.2m to €2.4m
Key points
from the 2025 annual accountsResult
€978,675 ▼ 26.7%
The result fell in 2025 from €1.3m to €978,675.
Investments
€657,800 1.6 × depreciation
Green is investment, beige is depreciation.
Payment terms
43 days to suppliers
BRAET pays its suppliers 4 days earlier than in 2024. Customers pay 16 days later.
Filings
20 annual accounts since 2005
Three of the last ten came late. The 2015 accounts came latest: 30 days after the end of the period.
Position in the sector
€19.3m
More equity than 91% of companies in wholesale trade. Sector median €1.6m · 6,122 companies.
Checked score
94
Excellent
Financially stronger than 51% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.1%▲ +0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 2.07, cash €2.4m
lowers risk
Founded in 2005
Size: turnover €80.2m, 12.2 FTE, total assets €35.9m
Equity €19.3m (53.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 63% of them on solvency, 38% on liquidity, 41% on profitability and 60% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-11-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as BRAET has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BRAET itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for BRAET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.07 (2.23 in 2024), above the usual 1.5. Short-term debt is 45.8% and cash 6.6% of total assets. 46.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 14-05-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 days early
2024
17 days late
2023
54 days early
2022
91 days early
2020
22 days early
2019
11 days early
2018
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 11 May (3 of the last 4 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today30-11-2026 year end30-06-2027 deadline
Recent changes
Reappointment: Callens Vandelanotte Nv (statutory auditor)
Permanent representative: Jan Degryse · General meeting of 01-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0874417089
Environmental permit granted
Nieuwbouw of aanleggen, Slopen of verwijderen, Verbouwen / Wijzigen Infrastructuur · Provincie West-Vlaanderen
2 directors reappointed
Brarem BV (managing director) and Stannie BV (managing director) · Permanent representatives: Braet Antoine and Braet Christian · General meeting of 06-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRAET Wielsbeke | €80.2m | 1.8% | 53.8% | 12.2 |
| DEBAEKE Lo-Reninge | €104.3m | 0.8% | 18.6% | 11.5 |
| YAKIMA CHIEF HOPS Mont-Saint-Guibert | €95.3m | 3.9% | 5.5% | 21.6 |
| Duynie Feed Belgium Veurne | €35.2m | 2.9% | 22.2% | 14.4 |
| LINAGRO Lichtervelde | €114.3m | 1.6% | 46.1% | - |
| J. DE ROO Roeselare | €74.0m | 1.4% | 42.2% | 4 |
| MOUTERIJ DINGEMANS Stabroek | €47.9m | 0.2% | 30.8% | 11.8 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BRAET: wholesale of agricultural produce and animal feed, general range (NACE 46216). They are comparable in size and age: total assets between €9.6m and €56m, founded between 1996 and 2006.
Official details
Source: KBO- Status
- Active since 13-06-2005Normal situation
- Activity
- Wholesale of agricultural produce and animal feed, general rangeNACE 46216and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-11-2025
- Establishment unit
- 2.148.757.3618710 Wielsbeke, since 07-09-2005
- Financial year end
- 30 November
- Peppol
- Reachable since 28-11-2025
Annual accounts to 30-11-2025
- €35.9m▼ 2.8%
- Employeeson 30-11-2025
- 12▼ 14.3%
- Filing
- Filed on 14-05-2026, 47 days before the end of the filing period
Insights on BRAET
BRAET has existed since 2005. Turnover fell from €151.3m in 2022 to €71.8m in 2023. The previous financial year ran 23 months, this one 12.
Immobra holds all the shares. In June 2024, the Official Gazette published the appointment of BRAREM as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BRAET
- What is the company number of BRAET?
- The company number of BRAET is 0874.417.089. The VAT number is the same number with BE in front: BE 0874.417.089.
- Where is BRAET based?
- The registered office is at Kanaalweg 13, 8710 Wielsbeke.Company details
- What does BRAET do?
- According to the KBO register, the main activity is wholesale of agricultural produce and animal feed, general range (NACE 46216).
- What is the legal form of BRAET?
- BRAET is a public limited company (NV).
- When was BRAET founded?
- BRAET was founded on 13-06-2005.
- Is BRAET still active?
- Yes, BRAET is an active enterprise in the KBO register.
- How many employees does BRAET have?
- BRAET had an average of 12.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BRAET fall under?
- In its 30-11-2025 annual accounts, BRAET states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of BRAET?
- The turnover of BRAET was €80.2m in financial year 2025, according to the filed annual accounts.
- Is BRAET profitable?
- In financial year 2025, BRAET made a profit of €978,675.
- Where can I find the annual accounts of BRAET?
- BRAET filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRAET due?
- BRAET must file the annual accounts for financial year 2026 by 30-06-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.