Brammat
ActiveSummary
Brammat has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389,703 and a net result of €67,488. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 2218 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+2
Solvency95▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.66 against 3.37 in 2024; short-term debt: 17.4% and cash: 58.4% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
70.1%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
23 d early
2024
31 d early
2023
29 d early
2022
39 d early
2021
16 d early
2020
12 d early
2019
4 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€389,703▲ 20.9%
2024 · €322,215
Total assets
€556,005▲ 7.0%
2024 · €519,426
Net result
€67,488▲ 23.3%
2024 · €54,754
Working capital
€258,145▲ 19.6%
2024 · €215,882
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€63,385▲ 27.2%€98,426▲ 55.3%€62,900▼ 36.1%€80,133▲ 27.4%€104,496▲ 30.4%
Net result€61,703within the sector's middle half▲ 70.3%€71,142within the sector's middle half▲ 15.3%€43,875within the sector's middle half▼ 38.3%€54,754within the sector's middle half▲ 24.8%€67,488within the sector's middle half▲ 23.3%
Equity€152,444within the sector's middle half▲ 68.0%€223,586within the sector's middle half▲ 46.7%€267,461within the sector's middle half▲ 19.6%€322,215within the sector's middle half▲ 20.5%€389,703within the sector's middle half▲ 20.9%
Total assets€383,942below the sector's middle half▲ 181%€440,137within the sector's middle half▲ 14.6%€535,387within the sector's middle half▲ 21.6%€519,426within the sector's middle half▼ 3.0%€556,005within the sector's middle half▲ 7.0%
Debt€231,498▲ 405%€216,551▼ 6.5%€267,926▲ 23.7%€197,211▼ 26.4%€166,303▼ 15.7%
Working capital€83,586within the sector's middle half▲ 15.3%€141,376within the sector's middle half▲ 69.1%€155,417within the sector's middle half▲ 9.9%€215,882within the sector's middle half▲ 38.9%€258,145within the sector's middle half▲ 19.6%
Solvency39.7%within the sector's middle half▼ 26.7pp50.8%within the sector's middle half▲ 11.1pp50.0%within the sector's middle half▼ 0.8pp62.0%within the sector's middle half▲ 12.1pp70.1%above the sector's middle half▲ 8.1pp
Current ratio2.02within the sector's middle half▼ 0.562.54within the sector's middle half▲ 0.522.23within the sector's middle half▼ 0.323.37above the sector's middle half▲ 1.143.66above the sector's middle half▲ 0.29
Return on assets (ROA)16.1%above the sector's middle half▼ 10.5pp16.2%above the sector's middle half▲ 0.1pp8.2%within the sector's middle half▼ 8.0pp10.5%above the sector's middle half▲ 2.3pp12.1%above the sector's middle half▲ 1.6pp
Staff (FTE)1below the sector's middle half=0.5below the sector's middle half▼ 50.0%0.5below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €556,005
Fixed assets
€200,915 ▼ 5.4%
Current assets
€355,090 ▲ 15.7%
Equity and liabilities €556,005
Equity
€389,703 ▲ 20.9%
Debt
€166,303 ▼ 15.7%
Debt's share of the balance-sheet total falls from 38.0% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,374▲
2024 · €120,980
Cash flow
€108,366▲
2024 · €95,601
Quick ratio
3.57▲
2024 · 3.32
Debt to equity
0.43▼
2024 · 0.61
ROE
17.3%▲
2024 · 17.0%
Interest coverage
26.10▲
2024 · 20.18
Debt ≤ 1 year
€96,945▲
2024 · €91,117
Debt > 1 year
€69,357▼
2024 · €106,095
Income taxes
€32,184▲
2024 · €19,394
Staff costs
€21,948▲
2024 · €1,510
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €45,754 | €23,839 | -€2,563 | €1,510 | €21,948 | ▲ 1,354% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,891 | €30,876 | €28,653 | €40,847 | €40,878 | ▲ 0.1% |
| Other operating charges640/8 | €815 | €608 | €3,294 | €2,449 | €4,126 | ▲ 68.4% |
| Gross operating margin9900 | €127,844 | €153,750 | €92,282 | €124,939 | €171,449 | ▲ 37.2% |
| Operating profit (loss)9901 | €63,385 | €98,426 | €62,900 | €80,133 | €104,496 | ▲ 30.4% |
| Financial income75/76B | €286 | €218 | €413 | €9 | €746 | ▲ 8,263% |
| Recurring financial income75 | €286 | €218 | €413 | €9 | €746 | ▲ 8,263% |
| Financial charges65/66B | €2,433 | €3,756 | €4,197 | €5,994 | €5,570 | ▼ 7.1% |
| Recurring financial charges65 | €2,433 | €3,756 | €4,197 | €5,994 | €5,570 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €61,238 | €94,888 | €59,116 | €74,148 | €99,672 | ▲ 34.4% |
| Income taxes67/77 | -€465 | €23,745 | €15,241 | €19,394 | €32,184 | ▲ 66.0% |
| Profit (loss) for the period9904 | €61,703 | €71,142 | €43,875 | €54,754 | €67,488 | ▲ 23.3% |
| Profit (loss) for the period to be appropriated9905 | €61,703 | €71,142 | €43,875 | €54,754 | €67,488 | ▲ 23.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €383,942 | €440,137 | €535,387 | €519,426 | €556,005 | ▲ 7.0% |
| Fixed assets21/28 | €218,604 | €207,169 | €253,274 | €212,428 | €200,915 | ▼ 5.4% |
| Tangible fixed assets22/27 | €218,604 | €207,169 | €253,274 | €212,428 | €200,915 | ▼ 5.4% |
| Plant, machinery and equipment23 | €5,907 | €19,154 | €13,247 | €9,523 | €29,469 | ▲ 209% |
| Furniture and vehicles24 | €4,258 | €1,276 | €805 | €333 | €5,526 | ▲ 1,558% |
| Leasing and similar rights25 | €208,439 | €186,739 | €239,223 | €202,572 | €165,920 | ▼ 18.1% |
| Current assets29/58 | €165,338 | €232,968 | €282,112 | €306,999 | €355,090 | ▲ 15.7% |
| Stocks and contracts in progress3 | €62,510 | €52,560 | €23,666 | €4,537 | €8,827 | ▲ 94.6% |
| Stocks30/36 | €20,510 | €15,560 | €6,666 | €2,351 | €6,327 | ▲ 169% |
| Contracts in progress37 | €42,000 | €37,000 | €17,000 | €2,186 | €2,500 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €10,475 | €14,169 | €16,667 | €27,363 | €17,202 | ▼ 37.1% |
| Trade receivables40 | €4,132 | €8,936 | €5,269 | €27,103 | €12,966 | ▼ 52.2% |
| Other amounts receivable41 | €6,343 | €5,233 | €11,398 | €259 | €4,235 | ▲ 1,533% |
| Cash at bank and in hand54/58 | €92,352 | €165,020 | €240,645 | €273,055 | €324,914 | ▲ 19.0% |
| Deferred charges and accrued income490/1 | - | €1,218 | €1,134 | €2,044 | €4,147 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €383,942 | €440,137 | €535,387 | €519,426 | €556,005 | ▲ 7.0% |
| Equity10/15 | €152,444 | €223,586 | €267,461 | €322,215 | €389,703 | ▲ 20.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €69,488 | ▲ 3,374% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | - | €67,488 | - |
| Profit (loss) carried forward14 | €130,444 | €201,586 | €245,461 | €300,215 | €300,215 | = |
| Amounts payable17/49 | €231,498 | €216,551 | €267,926 | €197,211 | €166,303 | ▼ 15.7% |
| Amounts payable after more than one year17 | €149,746 | €124,959 | €141,230 | €106,095 | €69,357 | ▼ 34.6% |
| Financial debts170/4 | €149,746 | €124,959 | €141,230 | €106,095 | €69,357 | ▼ 34.6% |
| Amounts payable within one year42/48 | €81,752 | €91,592 | €126,695 | €91,117 | €96,945 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | €24,420 | €24,787 | €33,644 | €35,136 | €35,921 | ▲ 2.2% |
| Trade debts44 | €23,763 | €15,522 | €61,551 | €8,525 | €7,495 | ▼ 12.1% |
| Suppliers440/4 | €23,763 | €15,522 | €61,551 | €8,525 | €7,495 | ▼ 12.1% |
| Taxes, remuneration and social security45 | €5,700 | €22,789 | €1,808 | €15,691 | €20,252 | ▲ 29.1% |
| Taxes450/3 | €2,500 | €21,491 | €488 | €15,691 | €20,252 | ▲ 29.1% |
| Remuneration and social security454/9 | €3,201 | €1,299 | €1,321 | - | - | - |
| Other amounts payable47/48 | €27,868 | €28,493 | €29,692 | €31,765 | €33,277 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,703 | €71,142 | €43,875 | €54,754 | €67,488 | ▲ 23.3% |
| + Depreciation and write-downs630 | €17,891 | €30,876 | €28,653 | €40,847 | €40,878 | ▲ 0.1% |
| Operating cash flow (approximation) | €79,594 | €102,019 | €72,527 | €95,601 | €108,366 | ▲ 13.4% |
| Investment in fixed assets (approximation) | - | -€19,442 | -€74,758 | €0 | -€29,366 | - |
| Change in cash | - | €72,668 | €75,624 | €32,410 | €51,859 | ▲ 60.0% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €71,142 ▲15.3%
Net result €71,142, the highest in the series.
31-12
Financial
Equity above €200,000Eq €223,586 ▲46.7%
5 profitable years in a row build equity to €223,586.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €152,444 ▲68%
4 profitable years in a row build equity to €152,444.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Mol · 1 establishment unit since 2017
Ground area
1,362 m²
Building footprint
200 m²
Volume, LiDAR
993 m³
Parcel 13433E1031/00X010, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brammat
since 20172.269.246.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13433E1031/00X010 | Flanders | 1,361 m² | 1 · 200 m² | 8.7 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 29,785 companies in sector 41001 we hold annual accounts for 16,058. 10,166 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
Founded17-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683441610
Also
9925:BE0683441610
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.