BRAS-RUND
ActiveBRAS-RUND has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €39k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency74▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.54 in 2024; short-term debt: 50.9% and cash: 10.1% of total assets), but 50.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
49.1%
Return on assets
25.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €76k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
21 d late
2024
26 d late
2023
26 d late
2022
31 d late
2021
66 d late
2020
47 d late
2019
98 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▲ 106%
2024 · €37k
2018: €20k
2019: €18k
2020: €17k
2021: €14k
2022: €11k
2023: €9k
2024: €37k
2018 → 2025
Total assets
€155k▲ 47.6%
2024 · €105k
2018: €64k
2019: €53k
2020: €87k
2021: €74k
2022: €66k
2023: €54k
2024: €105k
2018 → 2025
Net result
€39k▲ 41.9%
2024 · €28k
2018: €-1k
2019: €-1k
2020: €-2k
2021: €-2k
2022: €-3k
2023: €-2k
2024: €28k
2018 → 2025
Working capital
€76k▲ 106%
2024 · €37k
2018: €20k
2019: €18k
2020: €17k
2021: €14k
2022: €11k
2023: €9k
2024: €37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€11k▼ 23.2%€9k▼ 16.3%€37k▲ 299%€76k▲ 106%
Operating result€-2k-€-3k▼ 63.8%€-736▲ 77.5%€49k€75k▲ 51.6%
Net result€-2k-€-3k▼ 56.8%€-2k▲ 46.0%€28k€39k▲ 41.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €155k
Equity
€76k▲ 106%
Debt
€79k▲ 15.8%
The debt ratio falls from 64.9% to 50.9%. Equity and debt are higher.
Key figures and ratios
Solvency
49.1%▲
2024 · 35.1%
Current ratio
1.97▲
2024 · 1.54
Quick ratio
1.97▲
2024 · 1.30
Debt / equity
1.04▼
2024 · 1.85
ROE
51.5%▼
2024 · 74.9%
ROA
25.3%▼
2024 · 26.3%
Debt
€79k▲
2024 · €68k
Debt ≤ 1 year
€79k▲
2024 · €68k
Income taxes
€20k▲
2024 · €13k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€105k€155k▲
Current assets29/58€105k€155k▲
Stocks and contracts in progress3€16k-
Contracts in progress37€16k-
Amounts receivable within one year40/41€76k€139k▲
Trade receivables40€73k€139k▲
Other amounts receivable41€2k€44▼
Cash at bank and in hand54/58€13k€16k▲
Equity and liabilities
Total equity and liabilities10/49€105k€155k▲
Equity10/15€37k€76k▲
Contributions10/11€20k€20k=
Reserves13€29k€68k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€28k€67k▲
Profit (loss) carried forward14€-12k€-12k=
Amounts payable17/49€68k€79k▲
Amounts payable within one year42/48€68k€79k▲
Trade debts44€27k€4k▼
Suppliers440/4€27k€4k▼
Taxes, remuneration and social security45€4k€20k▲
Taxes450/3€4k€20k▲
Other amounts payable47/48€37k€54k▲
Income statement
Code20242025
Other operating charges640/8€286-
Gross operating margin9900€49k€75k▲
Operating profit (loss)9901€49k€75k▲
Financial charges65/66B€9k€15k▲
Recurring financial charges65€9k€15k▲
Profit (loss) for the period before taxes9903€40k€60k▲
Income taxes67/77€13k€20k▲
Profit (loss) for the period9904€28k€39k▲
Profit (loss) for the period to be appropriated9905€28k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€27k▲
Profit (loss) brought forward from the previous period14P€-12k€-12k=
Transfer to equity691/2€28k€39k▲
To other reserves6921€28k€39k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Highest result since 2018net €39k ▲41.9%
Operating result €75k, net result €39k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €28k
Net result €28k after 6 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 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, Wingene · 2 establishment units since 2016
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.
Bruggesteenweg 638755 WingeneGround area
1.0 ha
Building footprint
648 m²
Volume, LiDAR
3,017 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BRAS-RUND
since 20162.256.724.695
BRAS-RUND
since 20262.386.047.075
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012G0733/00L000 | Flanders | 7,760 m² | 1 · 198 m² | 8.5 m · 2 fl. |
| 36011F0766/00A000 | Flanders | 2,498 m² | 1 · 450 m² | 11.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DELIMAR
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Salaam
BE 0753.884.691
Antwerpen · Eq €76k
ASSALAM BOUCHERIE
BE 0840.223.403
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De Kleine Bassin Kortrijk
BE 0838.008.239
Kortrijk · Eq €77k
Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,368 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-04-2016
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.