Brancusi
ActiveSummary
Brancusi has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €409,316 and a net result of €90,874. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 88% of 17,042 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €409,316
- Profit
- €90,874
- Bram BranckaertsDirector
- Lucas BranckaertsDirector
Why 97lowers riskLiquidity: current ratio 5.57, cash €231,632Equity €409,316 (84.7% of total assets)Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 09-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 91% on solvency, 95% on liquidity, 82% on profitability and 40% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 38 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 0% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €9,546 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,270 | €2,120 | €1,999 | €3,425 | €8,053 | €15,219 | €24,950 | €26,840 | ▲ 7.6% |
| Other operating charges640/8 | - | - | - | €9,858 | €784 | €1,151 | €1,208 | €1,035 | ▼ 14.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €933 | €44 | €130 | ▲ 200% |
| Gross operating margin9900 | €72,131 | €77,520 | €63,380 | €90,672 | €135,729 | €160,162 | €134,530 | €136,276 | ▲ 1.3% |
| Operating profit (loss)9901 | €68,764 | €74,804 | €60,627 | €77,389 | €126,892 | €142,859 | €108,328 | €108,271 | ▼ 0.1% |
| Financial income75/76B | - | - | - | €3,103 | €5,030 | €9,670 | €6,634 | €12,844 | ▲ 93.6% |
| Recurring financial income75 | €51 | €37 | €2,093 | €3,103 | €5,030 | €4,106 | €6,089 | €12,844 | ▲ 111% |
| Non-recurring financial income76B | - | - | - | - | - | €5,564 | €545 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €165 | €8,296 | €9,378 | €7,427 | -€3,754 | - |
| Recurring financial charges65 | €989 | -€634 | €355 | €76 | €440 | €142 | €205 | -€3,754 | - |
| Non-recurring financial charges66B | - | - | - | €89 | €7,857 | €9,237 | €7,222 | - | - |
| Profit (loss) for the period before taxes9903 | €67,827 | €75,474 | €62,279 | €80,327 | €123,626 | €143,151 | €107,535 | €124,870 | ▲ 16.1% |
| Income taxes67/77 | €19,738 | €21,526 | €18,081 | €23,057 | €37,338 | €42,026 | €31,992 | €33,996 | ▲ 6.3% |
| Profit (loss) for the period9904 | €48,089 | €53,948 | €44,197 | €57,270 | €86,288 | €101,125 | €75,543 | €90,874 | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | €48,089 | €53,948 | €44,197 | €57,270 | €86,288 | €101,125 | €75,543 | €90,874 | ▲ 20.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €162,433 | €192,352 | €238,528 | €294,852 | €385,780 | €429,014 | €446,593 | €483,233 | ▲ 8.2% |
| Fixed assets21/28 | €4,798 | €3,414 | €2,718 | €15,529 | €8,725 | €106,446 | €82,130 | €71,583 | ▼ 12.8% |
| Tangible fixed assets22/27 | €3,798 | €3,414 | €2,718 | €15,529 | €8,725 | €106,446 | €82,130 | €71,583 | ▼ 12.8% |
| Land and buildings22 | - | - | - | - | €933 | €2,968 | €2,298 | €1,963 | ▼ 14.6% |
| Furniture and vehicles24 | - | - | - | €15,529 | €7,792 | €103,478 | €79,831 | €69,620 | ▼ 12.8% |
| Financial fixed assets28 | €1,000 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €157,636 | €188,938 | €235,809 | €279,323 | €377,055 | €322,568 | €364,464 | €411,650 | ▲ 12.9% |
| Amounts receivable within one year40/41 | €31,864 | €14,464 | €19,483 | €31,245 | €28,822 | €18,332 | €25,604 | €33,784 | ▲ 31.9% |
| Trade receivables40 | - | - | - | €17,896 | €18,822 | €18,332 | €18,604 | €33,784 | ▲ 81.6% |
| Other amounts receivable41 | - | - | - | €13,349 | €10,000 | - | €7,000 | €0 | ▼ 100% |
| Current investments50/53 | €16,584 | €48,455 | €125,123 | €134,328 | €154,534 | €152,209 | €155,074 | €144,750 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €107,022 | €124,295 | €89,612 | €112,230 | €192,125 | €139,387 | €172,089 | €231,632 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,520 | €1,575 | €12,640 | €11,697 | €1,484 | ▼ 87.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €162,433 | €192,352 | €238,528 | €294,852 | €385,780 | €429,014 | €446,593 | €483,233 | ▲ 8.2% |
| Equity10/15 | €132,376 | €185,369 | €228,625 | €284,954 | €371,242 | €398,204 | €416,587 | €409,316 | ▼ 1.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €8,060 | - | - | - |
| Reserves13 | €122,354 | €176,302 | €220,500 | €277,770 | €364,058 | €390,144 | €416,587 | €409,316 | ▼ 1.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €275,910 | €362,198 | €390,144 | €416,587 | €409,316 | ▼ 1.7% |
| Profit (loss) carried forward14 | €3,822 | €2,867 | €1,926 | €984 | €984 | - | - | €0 | - |
| Amounts payable17/49 | €30,057 | €6,983 | €9,902 | €9,897 | €14,538 | €30,810 | €30,006 | €73,917 | ▲ 146% |
| Amounts payable within one year42/48 | €30,057 | €6,983 | €9,902 | €9,897 | €14,538 | €30,810 | €30,006 | €73,917 | ▲ 146% |
| Trade debts44 | €27,887 | €1,305 | €2,971 | €4,511 | €657 | €2,559 | €1,193 | €8,073 | ▲ 577% |
| Suppliers440/4 | - | - | - | €4,511 | €657 | €2,559 | €1,193 | €8,073 | ▲ 577% |
| Taxes, remuneration and social security45 | - | - | - | €3,723 | €10,312 | €19,642 | €17,548 | €14,482 | ▼ 17.5% |
| Taxes450/3 | - | - | - | €3,723 | €10,312 | €19,642 | €17,548 | €14,482 | ▼ 17.5% |
| Other amounts payable47/48 | - | - | - | €1,663 | €3,569 | €8,609 | €11,265 | €51,362 | ▲ 356% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,089 | €53,948 | €44,197 | €57,270 | €86,288 | €101,125 | €75,543 | €90,874 | ▲ 20.3% |
| + Depreciation and write-downs630 | €3,270 | €2,120 | €1,999 | €3,425 | €8,053 | €15,219 | €24,950 | €26,840 | ▲ 7.6% |
| Operating cash flow (approximation) | €51,359 | €56,068 | €46,196 | €60,695 | €94,341 | €116,344 | €100,493 | €117,713 | ▲ 17.1% |
| Investment in fixed assets (approximation) | - | -€737 | -€1,303 | -€16,235 | -€1,249 | -€112,940 | -€634 | -€16,293 | ▼ 2,470% |
| Change in cash | - | €17,272 | -€34,682 | €22,618 | €79,894 | -€52,737 | €32,701 | €59,543 | ▲ 82.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00273873 |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00136409 |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00180557 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131909 |
| 31-12-2021 | micro format | 10-06-2022 | 2022-20056348 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27600051 |
| 31-12-2019 | micro format | 26-06-2020 | 2020-21200505 |
| 31-12-2018 | micro format | 21-06-2019 | 2019-20800420 |
| 31-12-2017 | micro format | 20-12-2018 | 2018-75200440 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bram Branckaerts |
|
| Lucas Branckaerts |
|
Owners and capital
Capital and shareholders
- 07-09-2023 Capital stated in the deed · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-09
Gazette deed
Resignations: Bram Branckaerts (manager) and Lucas Branckaerts (manager)Reappointments: Bram Branckaerts (director) and Lucas Branckaerts (director) · Legal-form conversion · Capital conversion16 facts ▸
- General meeting, 25-08-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “overeenkomstig vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Transfer restriction, “overdracht van aandelen, vrije overdraagbaarheid” (deed in Dutch)
- Other provision, “andere aandeelhouders hebben recht om hun aandelen voor dezelfde prijs en onder dezelfde verkoopvoorwaarden aan deze derden over te dragen, volgrecht” (deed in Dutch)
- Other provision, “volgplicht, bescherming van meerderheidsaandeelhouder” (deed in Dutch)
- Director resignation, Bram Branckaerts (manager)
- Director resignation, Lucas Branckaerts (manager)
- Director reappointment, Bram Branckaerts (director (not named in the articles))
- Director reappointment, Lucas Branckaerts (director (not named in the articles))
- Amendment of the articles
- Capital
- +4 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0649.755.191
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11024G0278/00S003 | Flanders | 1,312 m² | 1 · 189 m² | 8.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Beheer en het management van andere vennootschappen waar zij al dan niet een deelneming in bezit; Het uitoefenen van de functie van…” (deed in Dutch)
69 activities (deed in Dutch)
- Beheer en het management van andere vennootschappen waar zij al dan niet een deelneming in bezit
- Het uitoefenen van de functie van bestuurder of vereffenaar in andere vennootschappen
- Vervaardiging van metalen constructiewerken en delen daarvan
- Vervaardiging van metalen deuren en vensters
- Het beheren,uitbaten,valoriseren,huren en verhuren,verwerven of vervreemden van alle roerende en onroerende goederen,het verkavelen,ordenen,het doen bouwen of verbouwen van onroerende goederen,evenals alle roerende en onroerende handelingen in de meest ruime zin
- Ontwikkeling van residentiële bouwprojecten
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
- Projectontwikkeling voor de bouw van appartementsgebouwen
- Ontwikkeling van niet-residentiële bouwprojecten
- Projectontwikkeling voor de bouw of de aanleg van: commerciële,en industriële centra,hotels,industriezones en markten,jachthavens,wintersportcentra,enz.
- Projectontwikkeling voor de aanleg of renovatie van stadswijken
- Algemene coördinatiewerkzaamheden bouwwerf
- Isolatiewerkzaamheden
- Installatie van stores en zonneschermen
- Montage van buiten- en binnen-schrijnwerk van hout of van kunststof: deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enz.
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enz. in hout of kunststof
- Installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enz.,in hout of kunststof
- Installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof
- Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enz.,in metaal
- Plaatsen van vloer- en wandtegels
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Bouwmarkten en andere doe-het-zelfzaken in bouwmaterialen,algemeen assortiment
- Detailhandel in huismeubilair in gespecialiseerde winkels
- Detailhandel in meubels
- Detailhandel in verlichtingsartikelen
- Detailhandel in niet-elektrische huishoudapparaten,messenmakers-werk,vaatwerk,aardewerk,porselein en glaswerk
- Detailhandel in artikelen van hout,kurk of vlechtwerk
- Gespecialiseerde detailhandel in geschenken m.b.t. de woninginrichting
- Overige detailhandel in nieuwe artikelen in gespecialiseerde winkels,n.e.g
- Exploitatie van pleziervaartuigen,cruiseschepen en rondvaartboten
- Diensten in verband met vervoer over water
- Holdings
- Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren...
- Verkoop van eigen handelszaken en van zelf verworven sleutelgeld (overname)
- Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief sociale woningen
- Exploitatie van onroerend goed in de vorm van timesharing
- Bemiddeling bij de aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
- Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
- Activiteiten van hoofdkantoren
- Adviesbureaus op het gebied van public relations en communicatie
- Verlenen van advies en praktische hulp aan de bedrijven i.v.m. public relations en communicatie
- Arbitrage en bemiddeling tussen bedrijfsleiding en werknemers
- Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding,enz.
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie,enz.
- Algemene audit-activiteiten
- Verlenen van bouwkundige adviezen aan de bouwheer
- Tekenen en ontwerpen van gebouwen
- Toezien op de bouwwerkzaamheden (ruwbouw,installatie,afwerking,enz.)
- Leiden van belangrijke herstellingswerkzaamheden aan gebouwen
- Interieurarchitecten
- Ontwerpen van tuinen en parken,enz.
- Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz.
- Industriële vormgeving
- Uitwerking van projecten op het gebied van klimaatbeheersing,koeltechniek,zuivering en voorkomen van pollutie,akoestiek,enz.
- Ontwerpen van textielpatronen,kleding,juwelen,meubels en decoratieartikelen
- Activiteiten van grafische designers
- Activiteiten van decorateur-etalagisten
- Overige activiteiten van gespecialiseerde designers
- Activiteiten van fotografen,met uitzondering van persfotografen
- Overige fotografische activiteiten
- Diverse ondersteunende activiteiten ten behoeve van voorzieningen
- Diverse administratieve activiteiten ten behoeve van kantoren
- Organisatie van congressen en beurzen
- Overige zakelijke dienstverlening,n.e.g.
- Ontwerp en bouw van podia
- Exploitatie van sportaccommodatie
- Overige recreatie- en ontspanningsactiviteiten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Brancusi
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Nietigheid, na aftrek van rechten waarvan overdracht wordt voorgesteld” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of June at 20:00