BRAV EAU
ActiveSummary
The computed 12-month bankruptcy probability of BRAV EAU is 2.0% (moderate). The 2024 annual accounts show equity of €257k and a net result of €-87k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 95% of 36375 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-82
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days only on tighter terms
Liquidity ample (current ratio 27.92 against 5.87 in 2023; short-term debt: 3.6% and cash: 27.9% of total assets), and 3.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
96.4%
Return on assets
-32.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €257k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-11-2025, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
96 d late
2023
348 d late
2022
87 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€257k▲ 4.9%
2023 · €245k
2018: €222k
2019: €240k▲ +8.0% vs 2018
2020: €320k▲ +33.3% vs 2019
2021: €391k▲ +22.3% vs 2020highest in 7 years
2022: €215k▼ -45.1% vs 2021lowest in 7 years
2023: €245k▲ +14.0% vs 2022
2024: €257k▲ +4.9% vs 2023
2018 → 2024
Total assets
€266k▼ 9.2%
2023 · €293k
2018: €265klowest in 7 years
2019: €329k▲ +24.4% vs 2018
2020: €355k▲ +7.7% vs 2019
2021: €525k▲ +47.8% vs 2020highest in 7 years
2022: €409k▼ -22.1% vs 2021
2023: €293k▼ -28.2% vs 2022
2024: €266k▼ -9.2% vs 2023
2018 → 2024
Net result
€-87k
2023 · €30k
2018: €60k
2019: €33k▼ -45.5% vs 2018
2020: €80k▲ +145% vs 2019
2021: €116k▲ +45.6% vs 2020
2022: €164k▲ +40.7% vs 2021highest in 7 years
2023: €30k▼ -81.6% vs 2022
2024: €-87k▼ -388% vs 2023lowest in 7 years
2018 → 2024
Working capital
€257k▲ 8.9%
2023 · €236k
2018: €191klowest in 7 years
2019: €206k▲ +8.0% vs 2018
2020: €302k▲ +46.5% vs 2019
2021: €367k▲ +21.5% vs 2020highest in 7 years
2022: €193k▼ -47.4% vs 2021
2023: €236k▲ +22.1% vs 2022
2024: €257k▲ +8.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€320k-€391k▲ 22.3%€215k▼ 45.1%€245k▲ 14.0%€257k▲ 4.9%
2020: €320k
2021: €391k▲ +22.3% vs 2020highest in 5 years
2022: €215k▼ -45.1% vs 2021lowest in 5 years
2023: €245k▲ +14.0% vs 2022
2024: €257k▲ +4.9% vs 2023
Operating result€85k-€175k▲ 104%€169k▼ 3.3%€172k▲ 1.5%€-92k
2020: €85k
2021: €175k▲ +104% vs 2020highest in 5 years
2022: €169k▼ -3.3% vs 2021
2023: €172k▲ +1.5% vs 2022
2024: €-92k▼ -154% vs 2023lowest in 5 years
Net result€80k-€116k▲ 45.6%€164k▲ 40.7%€30k▼ 81.6%€-87k
2020: €80k
2021: €116k▲ +45.6% vs 2020
2022: €164k▲ +40.7% vs 2021highest in 5 years
2023: €30k▼ -81.6% vs 2022
2024: €-87k▼ -388% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €92k after €172k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €266k
Equity
€257k ▲ 4.9%
Debt
€10k ▼ 80.3%
Debt's share of the balance-sheet total falls from 16.5% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-83k▼
2023 · €185k
Cash flow
€-78k▼
2023 · €43k
Current ratio
27.92▲
2023 · 5.87
Debt to equity
0.04▼
2023 · 0.20
ROE
-33.7%▼
2023 · 12.3%
ROA
-32.5%▼
2023 · 10.2%
Interest coverage
-269.30▼
2023 · 770.52
Debt ≤ 1 year
€10k▼
2023 · €48k
Income taxes
€5k▼
2023 · €141k
Staff costs
€73k▲
2023 · €56k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€293k€266k▼
Fixed assets21/28€9k-
Tangible fixed assets22/27€9k-
Plant, machinery and equipment23€9k-
Current assets29/58€284k€266k▼
Amounts receivable within one year40/41€203k€192k▼
Trade receivables40€106k€25k▼
Other amounts receivable41€96k€167k▲
Cash at bank and in hand54/58€82k€74k▼
Equity and liabilities
Total equity and liabilities10/49€293k€266k▼
Equity10/15€245k€257k▲
Contributions10/11€8k€8k=
Reserves13€137k€137k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€135k€135k=
Profit (loss) carried forward14€100k€111k▲
Amounts payable17/49€48k€10k▼
Amounts payable within one year42/48€48k€10k▼
Trade debts44€469€3k▲
Suppliers440/4€469€3k▲
Taxes, remuneration and social security45€48k€7k▼
Taxes450/3€37k€1k▼
Remuneration and social security454/9€10k€6k▼
Income statement
Code20232024
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€56k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€9k▼
Other operating charges640/8€1k€992▼
Gross operating margin9900€242k€-10k▼
Operating profit (loss)9901€172k€-92k▼
Financial income75/76B-€11k
Recurring financial income75-€11k
Financial charges65/66B€240€309▲
Recurring financial charges65€240€309▲
Profit (loss) for the period before taxes9903€171k€-82k▼
Income taxes67/77€141k€5k▼
Profit (loss) for the period9904€30k€-87k▼
Profit (loss) for the period to be appropriated9905€30k€-87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€111k▼
Profit (loss) brought forward from the previous period14P€145k€198k▲
Transfer to equity691/2€75k-
To other reserves6921€75k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | - | - |
| Remuneration, social security and pensions62 | - | €86k | €57k | €56k | €73k | ▲ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €7k | €2k | €13k | €9k | ▼ 32.6% |
| Other operating charges640/8 | - | €1k | €2k | €1k | €992 | ▼ 18.6% |
| Gross operating margin9900 | €170k | €269k | €230k | €242k | €-10k | ▼ 104% |
| Operating profit (loss)9901 | €85k | €175k | €169k | €172k | €-92k | ▼ 154% |
| Financial income75/76B | - | €2 | - | - | €11k | - |
| Recurring financial income75 | - | €2 | - | - | €11k | - |
| Financial charges65/66B | - | €377 | €200 | €240 | €309 | ▲ 28.7% |
| Recurring financial charges65 | €539 | €377 | €200 | €240 | €309 | ▲ 28.7% |
| Profit (loss) for the period before taxes9903 | €85k | €174k | €169k | €171k | €-82k | ▼ 148% |
| Income taxes67/77 | €5k | €58k | €5k | €141k | €5k | ▼ 96.5% |
| Profit (loss) for the period9904 | €80k | €116k | €164k | €30k | €-87k | ▼ 388% |
| Profit (loss) for the period to be appropriated9905 | €80k | €116k | €164k | €30k | €-87k | ▼ 388% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355k | €525k | €409k | €293k | €266k | ▼ 9.2% |
| Fixed assets21/28 | €31k | €24k | €22k | €9k | - | - |
| Intangible fixed assets21 | €2k | - | - | - | - | - |
| Tangible fixed assets22/27 | €26k | €20k | €18k | €9k | - | - |
| Plant, machinery and equipment23 | - | €20k | €18k | €9k | - | - |
| Financial fixed assets28 | €4k | €4k | €4k | - | - | - |
| Current assets29/58 | €324k | €501k | €387k | €284k | €266k | ▼ 6.3% |
| Amounts receivable within one year40/41 | €23k | €405k | €279k | €203k | €192k | ▼ 5.3% |
| Trade receivables40 | - | €41k | €41k | €106k | €25k | ▼ 76.2% |
| Other amounts receivable41 | - | €364k | €238k | €96k | €167k | ▲ 72.9% |
| Cash at bank and in hand54/58 | €297k | €96k | €108k | €82k | €74k | ▼ 8.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355k | €525k | €409k | €293k | €266k | ▼ 9.2% |
| Equity10/15 | €320k | €391k | €215k | €245k | €257k | ▲ 4.9% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Capital10 | - | €8k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €10k | - | - | - | - |
| Outside capital11 | - | - | €8k | - | - | - |
| Other1109/19 | - | - | €8k | - | - | - |
| Reserves13 | €2k | €62k | €62k | €137k | €137k | = |
| Non-distributable reserves130/1 | - | €62k | €62k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €60k | €60k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €135k | €135k | = |
| Profit (loss) carried forward14 | €309k | €321k | €145k | €100k | €111k | ▲ 11.9% |
| Amounts payable17/49 | €35k | €134k | €194k | €48k | €10k | ▼ 80.3% |
| Amounts payable after more than one year17 | €14k | - | - | - | - | - |
| Amounts payable within one year42/48 | €22k | €134k | €194k | €48k | €10k | ▼ 80.3% |
| Current portion of amounts payable after more than one year42 | - | €5k | - | - | - | - |
| Trade debts44 | €8k | €39k | €10k | €469 | €3k | ▲ 455% |
| Suppliers440/4 | - | €39k | €10k | €469 | €3k | ▲ 455% |
| Taxes, remuneration and social security45 | - | €44k | €40k | €48k | €7k | ▼ 85.5% |
| Taxes450/3 | - | €34k | €32k | €37k | €1k | ▼ 96.4% |
| Remuneration and social security454/9 | - | €10k | €9k | €10k | €6k | ▼ 46.8% |
| Other amounts payable47/48 | - | €46k | €143k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80k | €116k | €164k | €30k | €-87k | ▼ 388% |
| + Depreciation and write-downs630 | €16k | €7k | €2k | €13k | €9k | ▼ 32.6% |
| Operating cash flow (approximation) | €96k | €124k | €166k | €43k | €-78k | ▼ 279% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-660 | - | - |
| Change in cash | - | €-201k | €12k | €-27k | €-7k | ▲ 72.5% |
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
2025
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 96 days late
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 348 days late
2024
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 27.92
Current ratio from 5.87 to 27.92; short-term debt falls from €48k to €10k.
2023
31-12
Financial
Liquidity triplescurrent ratio 5.87
Current ratio from 2.00 to 5.87; short-term debt falls from €194k to €48k.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Highest result since 2018net €164k ▲40.7%
Net result €164k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 15.02
Current ratio from 3.72 to 15.02; short-term debt falls from €76k to €22k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Anderlecht · 1 establishment unit since 2010
Ground area
108 m²
Building footprint
68 m²
Volume, LiDAR
655 m³
Parcel 21001A0842/00Z002, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
d'Aumalestraat 38, 1070 Anderlecht
since 20102.193.211.372
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0842/00Z002 | Brussels | 108 m² | 1 · 68 m² | 15.1 m · 4 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.
Similar companies · same sector, comparable size
ISOLPUR
BE 0810.567.731
Stavelot · Eq €256,274
DUTHOO B.
BE 0893.939.132
Kortrijk · Eq €256,094
KOTECH
BE 0843.473.002
Maasmechelen · Eq €256,036
COUST ACOUSTICS
BE 0600.820.374
Gent · Eq €258,538
De Zwaen sealing technics
BE 0437.910.557
Beveren-Kruibeke-Zwijndrecht · Eq €253,483
Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 925 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
Founded04-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.