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BRASAMACO

Active
Private limited company (pre-2019)founded 200718 yrs activeGullegemsesteenweg(Bis) 141, 8501 Kortrijk, BelgiumKBO/BCE: BE 0893.245.185
Summary

The computed 12-month bankruptcy probability of BRASAMACO is 1.7% (moderate). The 2025 annual accounts show negative equity (-€72,197) and a net result of -€679. Equity is shrinking by ~2.6% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability34▲+5
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.58 in 2024; short-term debt: 168.3% and cash: 93.8% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-136.7%
Return on assets
-1.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€72,197
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
59 d late
2023
32 d late
2022
70 d late
2021
71 d late
2020
19 d late
2019
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 28 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BRASAMACO was incorporated on 31 October 2007.1 Total assets fell from EUR 87,970 in 2018 to EUR 52,800 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€72,197▼ 0.9%
2024 · -€71,518
Total assets
€52,800▲ 1.2%
2024 · €52,150
Net result
-€679▼ 5.9%
2024 · -€641
Working capital
-€36,037▲ 5.2%
2024 · -€38,022
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€9,957▼ 32,019%-€7,164▲ 28.1%-€4,047▲ 43.5%€3,043€2,307▼ 24.2%
Net result€14,723-€10,067-€4,918▲ 51.1%-€641▲ 87.0%-€679▼ 5.9%
Equity-€55,892▲ 20.8%-€65,959▼ 18.0%-€70,877▼ 7.5%-€71,518▼ 0.9%-€72,197▼ 0.9%
Total assets€96,967▲ 61.1%€56,997▼ 41.2%€57,215▲ 0.4%€52,150▼ 8.9%€52,800▲ 1.2%
Debt€152,859▲ 16.9%€122,956▼ 19.6%€128,092▲ 4.2%€123,668▼ 3.5%€124,997▲ 1.1%
Working capital-€34,096▲ 66.8%-€40,259▼ 18.1%-€39,863▲ 1.0%-€38,022▲ 4.6%-€36,037▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: -€9,957-€9,957Net result 2021: €14,723€14,723Operating result 2022: -€7,164-€7,164Net result 2022: -€10,067-€10,067Operating result 2023: -€4,047-€4,047Net result 2023: -€4,918-€4,918Operating result 2024: €3,043€3,043Net result 2024: -€641-€641Operating result 2025: €2,307€2,307Net result 2025: -€679-€67920212022202320242025-€6,000-€4,000-€2,000€0€2,000€4,000Operating result 2023: -€4,047-€4,050Net result 2023: -€4,918-€4,920Operating result 2024: €3,043€3,040Net result 2024: -€641-€641Operating result 2025: €2,307€2,310Net result 2025: -€679-€679202320242025
The operating result falls in 2025; 2025 is 24% below 2024.
Key figures and ratios
2025 value · change against 2024
Solvency
-136.7%▲
2024 · -137.1%
Current ratio
0.59▲
2024 · 0.58
Debt to equity
-1.73▼
2024 · -1.73
ROA
-1.3%▼
2024 · -1.2%
Debt ≤ 1 year
€88,837▼
2024 · €90,172
Income taxes
€226▼
2024 · €722
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
91% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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% 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 2,332 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€52,150€52,800▲
Current assets29/58€52,150€52,800▲
Amounts receivable within one year40/41€464€3,250▲
Other amounts receivable41€464€3,250▲
Cash at bank and in hand54/58€51,686€49,550▼
Equity and liabilities
Total equity and liabilities10/49€52,150€52,800▲
Equity10/15-€71,518-€72,197▼
Contributions10/11€113,050€113,050=
Reserves13€2,542€2,542=
Distributable reserves133€2,542€2,542=
Profit (loss) carried forward14-€187,110-€187,789▼
Amounts payable17/49€123,668€124,997▲
Amounts payable within one year42/48€90,172€88,837▼
Trade debts44€14,416€14,630▲
Suppliers440/4€14,416€14,630▲
Other amounts payable47/48€75,756€74,207▼
Accrued charges and deferred income492/3€33,496€36,160▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,005-
Other operating charges640/8€1,622€729▼
Gross operating margin9900€5,670€3,036▼
Operating profit (loss)9901€3,043€2,307▼
Financial charges65/66B€2,962€2,760▼
Recurring financial charges65€2,962€2,760▼
Profit (loss) for the period before taxes9903€81-€453▼
Income taxes67/77€722€226▼
Profit (loss) for the period9904-€641-€679▼
Profit (loss) for the period to be appropriated9905-€641-€679▼
Appropriation of the result
Profit (loss) to be appropriated9906-€187,110-€187,789▼
Profit (loss) brought forward from the previous period14P-€186,469-€187,110▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,767€2,336€2,336€1,005--
Other operating charges640/8€1,313€1,391€1,431€1,622€729▼ 55.1%
Gross operating margin9900-€5,877-€3,437-€280€5,670€3,036▼ 46.5%
Operating profit (loss)9901-€9,957-€7,164-€4,047€3,043€2,307▼ 24.2%
Financial income75/76B€29,371€708€2,713---
Recurring financial income75€5€708€2,713---
Non-recurring financial income76B€29,366€708€2,713---
Financial charges65/66B€3,790€3,611€3,002€2,962€2,760▼ 6.8%
Recurring financial charges65€3,790€3,611€3,002€2,962€2,760▼ 6.8%
Profit (loss) for the period before taxes9903€15,624-€10,067-€4,336€81-€453▼ 659%
Income taxes67/77€901-€582€722€226▼ 68.7%
Profit (loss) for the period9904€14,723-€10,067-€4,918-€641-€679▼ 5.9%
Profit (loss) for the period to be appropriated9905€14,723-€10,067-€4,918-€641-€679▼ 5.9%
Line20212022202320242025Change
Assets
Total assets20/58€96,967€56,997€57,215€52,150€52,800▲ 1.2%
Fixed assets21/28€5,678€3,342€1,005---
Tangible fixed assets22/27€5,678€3,342€1,005---
Furniture and vehicles24€5,678€3,342€1,005---
Current assets29/58€91,289€53,655€56,210€52,150€52,800▲ 1.2%
Amounts receivable within one year40/41€153€611€726€464€3,250▲ 600%
Other amounts receivable41€153€611€726€464€3,250▲ 600%
Cash at bank and in hand54/58€91,136€53,044€55,484€51,686€49,550▼ 4.1%
Equity and liabilities
Total equity and liabilities10/49€96,967€56,997€57,215€52,150€52,800▲ 1.2%
Equity10/15-€55,892-€65,959-€70,877-€71,518-€72,197▼ 0.9%
Contributions10/11€113,050€113,050€113,050€113,050€113,050=
Reserves13€2,542€2,542€2,542€2,542€2,542=
Distributable reserves133€2,542€2,542€2,542€2,542€2,542=
Profit (loss) carried forward14-€171,484-€181,551-€186,469-€187,110-€187,789▼ 0.4%
Amounts payable17/49€152,859€122,956€128,092€123,668€124,997▲ 1.1%
Amounts payable within one year42/48€125,385€93,914€96,073€90,172€88,837▼ 1.5%
Trade debts44€10,832€13,640€14,866€14,416€14,630▲ 1.5%
Suppliers440/4€10,832€13,640€14,866€14,416€14,630▲ 1.5%
Other amounts payable47/48€114,553€80,274€81,207€75,756€74,207▼ 2.0%
Accrued charges and deferred income492/3€27,474€29,042€32,019€33,496€36,160▲ 8.0%
Line20212022202320242025Change
Profit (loss) for the period9904€14,723-€10,067-€4,918-€641-€679▼ 5.9%
+ Depreciation and write-downs630€2,767€2,336€2,336€1,005--
Operating cash flow (approximation)€17,490-€7,731-€2,582€364-€679▼ 287%
Investment in fixed assets (approximation)-€0€1---
Change in cash--€38,092€2,440-€3,798-€2,136▲ 43.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
01-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 32 days late
2023
09-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
10-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
31-12
Financial Back to profitnet €14,723
Net result €14,723 after 3 loss-making years.
19-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
12-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
07-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
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, Kortrijk · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
2,864 m²
Building footprint
391 m²
Volume, LiDAR
1,968 m³
Parcel 34007A0150/00K002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brasamaco
Gullegemsesteenweg(Bis) 141, 8501 KortrijkOther activities auxiliary to financial services, excluding insurance and pension funding
since 20082.169.592.169
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34007A0150/00K002 Flanders 2,864 m² 1 · 391 m² 9.9 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded31-10-2007
Fiscal year end31-12
Contact
E-mail bral-hugelier@skynet.beKortrijk
Phone 0477/ 40 47 55Kortrijk
E-invoicing
Reachable via Peppol
Peppol ID 0208:0893245185
Registered 03-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.