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BRAZO

Active
Private limited company (pre-2019)founded 201610 yrs activeKBO/BCE: BE 0646.871.422
Summary

The computed 12-month bankruptcy probability of BRAZO is 14.1% (high). The latest annual accounts of BRAZO were filed more than 90 days after the deadline. The 2019 annual accounts show negative equity (-€17,128) and a net result of -€48,683. The company has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Bankruptcy probability: High
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability0▼-41
Solvency0▼-79
Growth32
Track record92
Bankruptcy probability, 12 months
14.1% High
0%0.5%1.5%4%10%≥ 25%
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2019
Solvency, return and age of the figures
Solvency
-75.4%
Return on assets
-214.3%
Age of the figures
81 mo
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filings
Position against the passed deadline
31-12-2020 close31-07-2021 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 31-01-2021, 184 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
184 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 184 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Late accounts filing

History

On 21 January 2016, BRAZO was incorporated.1 The company has filed 4 sets of annual accounts, the latest for fiscal year 2019.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019

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Financials · fiscal year 2019, micro schema

Equity
-€17,128
2018 · €31,555
Total assets
€22,714▼ 61.3%
2018 · €58,731
Net result
-€48,683
2018 · €777
Working capital
-€23,045
2018 · €19,574
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019
Operating result-€4,036--€47,907▼ 1,087%
Net result€777--€48,683
Equity€31,555--€17,128
Total assets€58,731-€22,714▼ 61.3%
Debt€27,176-€39,842▲ 46.6%
Working capital€19,574--€23,045
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2018: -€4,036-€4,036Net result 2018: €777€777Operating result 2019: -€47,907-€47,907Net result 2019: -€48,683-€48,68320182019-€60,000-€40,000-€20,000€0Operating result 2018: -€4,036-€4,040Net result 2018: €777€777Operating result 2019: -€47,907-€47,900Net result 2019: -€48,683-€48,70020182019
The operating result stays negative: a loss of €47,907 in 2019 against €4,036 in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €22,714
Fixed assets €5,917 ▼ 50.6%
Current assets €16,797 ▼ 64.1%
Key figures and ratios
2019 value · change against 2018
EBITDA
-€41,843▼
2018 · €257
Cash flow
-€42,619▼
2018 · €5,070
Solvency
-75.4%▼
2018 · 53.7%
Current ratio
0.42▼
2018 · 1.72
ROA
-214.3%▼
2018 · 1.3%
Debt ≤ 1 year
€39,842▲
2018 · €27,176
Income taxes
€234▼
2018 · €1,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2019 against 2018 · 23 lines
Balance sheet Code20182019
Assets
Total assets20/58€58,731€22,714▼
Fixed assets21/28€11,981€5,917▼
Tangible fixed assets22/27€11,981€5,917▼
Current assets29/58€46,750€16,797▼
Amounts receivable within one year40/41€43,448€15,176▼
Cash at bank and in hand54/58€2,813€1,547▼
Equity and liabilities
Total equity and liabilities10/49€58,731€22,714▼
Equity10/15€31,555-€17,128▼
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Profit (loss) carried forward14€23,495-€25,188▼
Amounts payable17/49€27,176€39,842▲
Amounts payable within one year42/48€27,176€39,842▲
Trade debts44€25,255€24,434▼
Income statement Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,293€6,064▲
Gross operating margin9900€5,722-€40,196▼
Operating profit (loss)9901-€4,036-€47,907▼
Recurring financial income75€3€384▲
Recurring financial charges65€299€926▲
Profit (loss) for the period before taxes9903€1,892-€48,449▼
Income taxes67/77€1,115€234▼
Profit (loss) for the period9904€777-€48,683▼
Profit (loss) for the period to be appropriated9905€777-€48,683▼
Line20182019Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,293€6,064▲ 41.3%
Gross operating margin9900€5,722-€40,196▼ 802%
Operating profit (loss)9901-€4,036-€47,907▼ 1,087%
Recurring financial income75€3€384▲ 12,700%
Recurring financial charges65€299€926▲ 210%
Profit (loss) for the period before taxes9903€1,892-€48,449▼ 2,661%
Income taxes67/77€1,115€234▼ 79.0%
Profit (loss) for the period9904€777-€48,683▼ 6,366%
Profit (loss) for the period to be appropriated9905€777-€48,683▼ 6,366%
Line20182019Change
Assets
Total assets20/58€58,731€22,714▼ 61.3%
Fixed assets21/28€11,981€5,917▼ 50.6%
Tangible fixed assets22/27€11,981€5,917▼ 50.6%
Current assets29/58€46,750€16,797▼ 64.1%
Amounts receivable within one year40/41€43,448€15,176▼ 65.1%
Cash at bank and in hand54/58€2,813€1,547▼ 45.0%
Equity and liabilities
Total equity and liabilities10/49€58,731€22,714▼ 61.3%
Equity10/15€31,555-€17,128▼ 154%
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Profit (loss) carried forward14€23,495-€25,188▼ 207%
Amounts payable17/49€27,176€39,842▲ 46.6%
Amounts payable within one year42/48€27,176€39,842▲ 46.6%
Trade debts44€25,255€24,434▼ 3.3%
Line20182019Change
Profit (loss) for the period9904€777-€48,683▼ 6,366%
+ Depreciation and write-downs630€4,293€6,064▲ 41.3%
Operating cash flow (approximation)€5,070-€42,619▼ 941%
Investment in fixed assets (approximation)-€0-
Change in cash--€1,266-

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

2025
01-04
KBO administration Late accounts filing
event 19-03-2025
2021
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 184 days late
2019
13-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 105 days late
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
SignalNBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Saint-Nicolas · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
219 m²
Building footprint
54 m²
Volume, LiDAR
474 m³
Parcel 62093B0298/00D002, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BRAZO
General construction of buildings
since 20162.272.996.446
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62093B0298/00D002 Wallonia 219 m² 1 · 54 m² 10.9 m · 3 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)
Founded21-01-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 30 September 2026 · Peppol Directory

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