Brafats
ActiveBrafats has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €183k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 1852 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38▼-5
Solvency43▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.43 in 2023; short-term debt: 17.2% and cash: 3.4% of total assets), and 81.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
20 d late
2022
98 d late
2021
30 d early
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€183k▲ 179%
2023 · €66k
2020: €-4k
2021: €-25k
2022: €-2k
2023: €66k
2020 → 2024
Total assets
€1.01M▼ 4.9%
2023 · €1.06M
2020: €91k
2021: €177k
2022: €962k
2023: €1.06M
2020 → 2024
Net result
€6k▼ 17.9%
2023 · €8k
2020: €-9k
2021: €-21k
2022: €-48k
2023: €8k
2020 → 2024
Working capital
€-93k▲ 49.0%
2023 · €-182k
2020: €3k
2021: €-45k
2022: €-121k
2023: €-182k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-4k-€-25k▼ 463%€-2k▲ 93.5%€66k€183k▲ 179%
Operating result€-8k-€-18k▼ 122%€-33k▼ 86.1%€25k€-2k
Net result€-9k-€-21k▼ 118%€-48k▼ 132%€8k€6k▼ 17.9%
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 €2k after €25k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.01M
Fixed assets
€930k▲ 0.5%
Current assets
€81k▼ 41.1%
Equity and liabilities €1.01M
Equity
€183k▲ 179%
Provisions
€26k
Debt
€803k▼ 19.6%
The debt ratio falls from 93.8% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▼
2023 · €60k
Cash flow
€51k▲
2023 · €43k
Solvency
18.1%▲
2023 · 6.2%
Current ratio
0.47▲
2023 · 0.43
Quick ratio
0.46▲
2023 · 0.42
Debt / equity
4.38▼
2023 · 15.22
ROE
3.5%▼
2023 · 12.0%
ROA
0.6%▼
2023 · 0.7%
Interest coverage
2.24▼
2023 · 2.82
Debt
€803k▼
2023 · €999k
Debt ≤ 1 year
€174k▼
2023 · €320k
Debt > 1 year
€617k▼
2023 · €677k
Staff costs
€95k▼
2023 · €154k
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€1.06M€1.01M▼
Formation expenses20€372€43▼
Fixed assets21/28€926k€930k▲
Intangible fixed assets21€807€227▼
Tangible fixed assets22/27€925k€922k▼
Land and buildings22€875k€851k▼
Plant, machinery and equipment23€32k€29k▼
Furniture and vehicles24€16k€14k▼
Other tangible fixed assets26€2k€28k▲
Financial fixed assets28-€8k
Current assets29/58€138k€81k▼
Stocks and contracts in progress3€4k€525▼
Stocks30/36€4k€525▼
Amounts receivable within one year40/41€129k€32k▼
Trade receivables40€127k€32k▼
Other amounts receivable41€2k€311▼
Cash at bank and in hand54/58€410€35k▲
Deferred charges and accrued income490/1€5k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.01M▼
Equity10/15€66k€183k▲
Contributions10/11€5k€106k▲
Revaluation surpluses12€63k€63k=
Profit (loss) carried forward14€-70k€-64k▲
Investment grants15€68k€77k▲
Provisions and deferred taxes16-€26k
Deferred taxes168-€26k
Amounts payable17/49€999k€803k▼
Amounts payable after more than one year17€677k€617k▼
Financial debts170/4€597k€559k▼
Other amounts payable178/9€80k€58k▼
Amounts payable within one year42/48€320k€174k▼
Current portion of amounts payable after more than one year42€57k€40k▼
Financial debts43€9k€27k▲
Credit institutions430/8€9k-
Other loans439-€27k
Trade debts44€48k€35k▼
Suppliers440/4€48k€35k▼
Advances received on contracts in progress46€163k€45k▼
Taxes, remuneration and social security45€15k€27k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€13k€24k▲
Other amounts payable47/48€29k€733▼
Accrued charges and deferred income492/3€910€12k▲
Income statement
Code20232024
Non-recurring operating income76A-€895
Remuneration, social security and pensions62€154k€95k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€44k▲
Other operating charges640/8€1k€6k▲
Gross operating margin9900€215k€144k▼
Operating profit (loss)9901€25k€-2k▼
Financial income75/76B€5k€25k▲
Recurring financial income75€5k€25k▲
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€8k€4k▼
Transfer from deferred taxes780-€3k
Profit (loss) for the period9904€8k€6k▼
Profit (loss) for the period to be appropriated9905€8k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-64k▲
Profit (loss) brought forward from the previous period14P€-78k€-70k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €183k ▲179%
2 profitable years in a row build equity to €183k.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lierneux · 1 establishment unit since 2020
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.
Bra, Sur les Fâts 334990 LierneuxGround area
1,025 m²
Building footprint
134 m²
Volume, LiDAR
855 m³
Parcel 63011B1511/00B000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brafats
since 20202.300.401.520
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63011B1511/00B000 | Wallonia | 1,025 m² | 1 · 134 m² | 8.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLierneux2.300.401.520
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 1,104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2020
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.