Brann
ActiveSummary
The computed 12-month bankruptcy probability of Brann is 4.9% (elevated). The 2024 annual accounts show equity of €14,819 and a net result of -€105. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 44% of 18934 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-55
Solvency47▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.35 in 2023; short-term debt: 44.6% and cash: 1.5% of total assets), and 78.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
-0.2%
Age of the figures
21 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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
43 d early
2023
266 d late
2022
52 d early
2021
18 d early
2020
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 30 June (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 2024, micro schema
Equity
€14,819▼ 0.7%
2023 · €14,923
Total assets
€67,865▲ 66.9%
2023 · €40,663
Net result
-€105
2023 · €12,022
Working capital
€4,145▼ 53.4%
2023 · €8,904
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20202021202220232024
Operating result€20,661--€11,494€3,386€21,036▲ 521%€3,157▼ 85.0%
Net result€13,166within the sector's middle half--€12,930below the sector's middle half€164within the sector's middle half€12,022within the sector's middle half▲ 7,209%-€105within the sector's middle half
Equity€15,666within the sector's middle half-€2,737within the sector's middle half▼ 82.5%€2,901within the sector's middle half▲ 6.0%€14,923within the sector's middle half▲ 414%€14,819within the sector's middle half▼ 0.7%
Total assets€67,957within the sector's middle half-€31,885below the sector's middle half▼ 53.1%€26,827below the sector's middle half▼ 15.9%€40,663below the sector's middle half▲ 51.6%€67,865within the sector's middle half▲ 66.9%
Debt€52,291-€29,148▼ 44.3%€23,925▼ 17.9%€25,740▲ 7.6%€53,046▲ 106%
Working capital€3,547within the sector's middle half--€10,073within the sector's middle half-€10,576within the sector's middle half▼ 5.0%€8,904within the sector's middle half€4,145within the sector's middle half▼ 53.4%
Solvency23.1%within the sector's middle half-8.6%within the sector's middle half▼ 14.5pp10.8%within the sector's middle half▲ 2.2pp36.7%within the sector's middle half▲ 25.9pp21.8%within the sector's middle half▼ 14.9pp
Current ratio1.10within the sector's middle half-0.51below the sector's middle half▼ 0.590.56within the sector's middle half▲ 0.051.35within the sector's middle half▲ 0.791.14within the sector's middle half▼ 0.21
Return on assets (ROA)19.4%above the sector's middle half--40.6%below the sector's middle half▼ 59.9pp0.6%within the sector's middle half▲ 41.2pp29.6%above the sector's middle half▲ 29.0pp-0.2%within the sector's middle half▼ 29.7pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 falls in 2024; 2024 is 85% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67,865
Fixed assets
€33,433 ▲ 451%
Current assets
€34,432 ▼ 0.5%
Equity and liabilities €67,865
Equity
€14,819 ▼ 0.7%
Debt
€53,046 ▲ 106%
Debt's share of the balance-sheet total rises from 63.3% to 78.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,822▼
2023 · €28,440
Cash flow
€560▼
2023 · €19,426
Quick ratio
0.58▼
2023 · 1.35
Debt to equity
3.58▲
2023 · 1.72
ROE
-0.7%▼
2023 · 80.6%
Interest coverage
3.19▼
2023 · 28.65
Debt ≤ 1 year
€30,287▲
2023 · €25,687
Debt > 1 year
€22,635
Income taxes
€2,129▼
2023 · €8,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.9% 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 497,338 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 1,548 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,085 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,085 | €7,987 | €7,987 | €7,404 | €665 | ▼ 91.0% |
| Other operating charges640/8 | - | €706 | €1,094 | €3,440 | €2,438 | ▼ 29.1% |
| Gross operating margin9900 | €31,464 | -€2,801 | €12,467 | €31,880 | €6,261 | ▼ 80.4% |
| Operating profit (loss)9901 | €20,661 | -€11,494 | €3,386 | €21,036 | €3,157 | ▼ 85.0% |
| Financial income75/76B | - | €17 | €876 | €0 | €66 | ▲ 663,000% |
| Recurring financial income75 | €4 | €17 | €876 | €0 | €66 | ▲ 663,000% |
| Financial charges65/66B | - | €1,178 | €1,369 | €993 | €1,199 | ▲ 20.8% |
| Recurring financial charges65 | €1,114 | €1,178 | €1,369 | €993 | €1,199 | ▲ 20.8% |
| Profit (loss) for the period before taxes9903 | €19,551 | -€12,655 | €2,893 | €20,043 | €2,025 | ▼ 89.9% |
| Income taxes67/77 | €6,385 | €274 | €2,728 | €8,021 | €2,129 | ▼ 73.5% |
| Profit (loss) for the period9904 | €13,166 | -€12,930 | €164 | €12,022 | -€105 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €13,166 | -€12,930 | €164 | €12,022 | -€105 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,957 | €31,885 | €26,827 | €40,663 | €67,865 | ▲ 66.9% |
| Fixed assets21/28 | €29,490 | €21,504 | €13,477 | €6,073 | €33,433 | ▲ 451% |
| Tangible fixed assets22/27 | €29,450 | €21,464 | €13,477 | €6,073 | €33,033 | ▲ 444% |
| Plant, machinery and equipment23 | - | €816 | €117 | €0 | - | - |
| Furniture and vehicles24 | - | €20,648 | €13,360 | €6,073 | €33,033 | ▲ 444% |
| Financial fixed assets28 | €40 | €40 | €0 | - | €400 | - |
| Current assets29/58 | €38,467 | €10,382 | €13,350 | €34,590 | €34,432 | ▼ 0.5% |
| Stocks and contracts in progress3 | - | - | - | - | €16,795 | - |
| Stocks30/36 | - | - | - | - | €16,795 | - |
| Amounts receivable within one year40/41 | €23,999 | €7,256 | €6,666 | €8,954 | €16,376 | ▲ 82.9% |
| Trade receivables40 | - | €7,245 | €6,660 | €8,895 | €13,447 | ▲ 51.2% |
| Other amounts receivable41 | - | €11 | €5 | €59 | €2,929 | ▲ 4,850% |
| Cash at bank and in hand54/58 | €14,468 | €2,711 | €5,080 | €25,418 | €991 | ▼ 96.1% |
| Deferred charges and accrued income490/1 | - | €414 | €1,604 | €218 | €269 | ▲ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,957 | €31,885 | €26,827 | €40,663 | €67,865 | ▲ 66.9% |
| Equity10/15 | €15,666 | €2,737 | €2,901 | €14,923 | €14,819 | ▼ 0.7% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €13,166 | €237 | €401 | €12,423 | €12,319 | ▼ 0.8% |
| Distributable reserves133 | - | €237 | €401 | €12,423 | €12,319 | ▼ 0.8% |
| Amounts payable17/49 | €52,291 | €29,148 | €23,925 | €25,740 | €53,046 | ▲ 106% |
| Amounts payable after more than one year17 | €17,014 | €8,589 | €0 | - | €22,635 | - |
| Financial debts170/4 | - | €8,589 | €0 | - | €22,635 | - |
| Amounts payable within one year42/48 | €34,920 | €20,455 | €23,925 | €25,687 | €30,287 | ▲ 17.9% |
| Current portion of amounts payable after more than one year42 | - | €8,426 | €8,589 | €0 | €7,266 | - |
| Financial debts43 | - | - | - | - | €322 | - |
| Credit institutions430/8 | - | - | - | - | €322 | - |
| Trade debts44 | €10,702 | €2,463 | €4,609 | €5,745 | €1,000 | ▼ 82.6% |
| Suppliers440/4 | - | €2,463 | €4,609 | €5,745 | €1,000 | ▼ 82.6% |
| Advances received on contracts in progress46 | - | - | - | - | €7,239 | - |
| Taxes, remuneration and social security45 | - | €9,566 | €6,883 | €19,941 | €14,458 | ▼ 27.5% |
| Taxes450/3 | - | €9,566 | €6,883 | €19,941 | €12,577 | ▼ 36.9% |
| Remuneration and social security454/9 | - | - | - | - | €1,881 | - |
| Other amounts payable47/48 | - | - | €3,844 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €105 | €0 | €53 | €125 | ▲ 135% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,166 | -€12,930 | €164 | €12,022 | -€105 | ▼ 101% |
| + Depreciation and write-downs630 | €9,085 | €7,987 | €7,987 | €7,404 | €665 | ▼ 91.0% |
| Operating cash flow (approximation) | €22,251 | -€4,943 | €8,151 | €19,426 | €560 | ▼ 97.1% |
| Investment in fixed assets (approximation) | - | €0 | €40 | €0 | -€28,025 | - |
| Change in cash | - | -€11,757 | €2,368 | €20,338 | -€24,427 | ▼ 220% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 266 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 1.35
Current ratio from 0.56 to 1.35.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €164
Net result €164 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€12,930
Net result drops to -€12,930, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Gent · 1 establishment unit since 2019
Ground area
3,240 m²
Building footprint
1,462 m²
Parcel 44342B0637/00S002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Brann
since 20192.296.522.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44342B0637/00S002 ProtectedMonumentTextielveredelingsbedrijf Alsberge-Van Oost (A.V.O.): machinehuis, ketelhuis, stoommachineSource ↗ |
Flanders | 3,240 m² | 1 · 1,462 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.296.522.609
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Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 1,707 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
Founded12-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737618682
Also
9925:BE0737618682
Registered
31-12-2025
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.