BREADY
ActiveSummary
The computed 12-month bankruptcy probability of BREADY is 4.9% (elevated). The 2024 annual accounts show equity of €104,831 and a net result of €7,197. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 6719 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-18
Solvency90▲+26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.02 against 1.41 in 2023; short-term debt: 35.3% and cash: 21.6% of total assets), and 35.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 · 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 12-12-2025, 134 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
134 d late
2023
124 d late
2022
70 d late
2021
151 d late
2020
12 d early
2019
6 d early
← 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 77 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€195,278
EBIT margin
12.3%
Net result
€7,197▼ 84.7%
2023 · €47,074
Working capital
€58,477▼ 7.2%
2023 · €62,992
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Turnover€195,278
Operating result€24,076▲ 10.8%€3,928▼ 83.7%€49,948▲ 1,172%€70,264▲ 40.7%€14,880▼ 78.8%
Net result€23,927above the sector's middle half▲ 13.0%€3,564within the sector's middle half▼ 85.1%€27,331above the sector's middle half▲ 667%€47,074above the sector's middle half▲ 72.2%€7,197within the sector's middle half▼ 84.7%
EBIT margin12.3%
Equity€45,380within the sector's middle half▲ 112%€48,943within the sector's middle half▲ 7.9%€76,274within the sector's middle half▲ 55.8%€97,634within the sector's middle half▲ 28.0%€104,831above the sector's middle half▲ 7.4%
Total assets€70,724within the sector's middle half▲ 50.8%€85,213within the sector's middle half▲ 20.5%€159,129within the sector's middle half▲ 86.7%€252,612within the sector's middle half▲ 58.7%€162,079within the sector's middle half▼ 35.8%
Debt€25,344▼ 0.4%€36,270▲ 43.1%€82,855▲ 128%€154,978▲ 87.0%€57,249▼ 63.1%
Working capital€14,526▲ 188%€13,351▼ 8.1%€42,432▲ 218%€62,992▲ 48.5%€58,477▼ 7.2%
Solvency64.2%above the sector's middle half▲ 18.4pp57.4%within the sector's middle half▼ 6.7pp47.9%within the sector's middle half▼ 9.5pp38.6%within the sector's middle half▼ 9.3pp64.7%above the sector's middle half▲ 26.0pp
Staff (FTE)2.72.2▼ 18.5%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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 79% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162,079
Fixed assets
€46,354 ▲ 33.8%
Current assets
€115,725 ▼ 46.9%
Equity and liabilities €162,079
Equity
€104,831 ▲ 7.4%
Debt
€57,249 ▼ 63.1%
Debt's share of the balance-sheet total falls from 61.4% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,514▼
2023 · €82,952
Cash flow
€7,831▼
2023 · €59,762
Current ratio
2.02▲
2023 · 1.41
Debt to equity
0.55▼
2023 · 1.59
ROE
6.9%▼
2023 · 48.2%
ROA
4.4%▼
2023 · 18.6%
Interest coverage
41.55▼
2023 · 200.04
Debt ≤ 1 year
€57,249▼
2023 · €154,978
Income taxes
€7,310▼
2023 · €22,775
Staff costs
€75,499▼
2023 · €93,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,047 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €195,278 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €846 | - |
| Remuneration, social security and pensions62 | - | €59,571 | €78,531 | €93,803 | €75,499 | ▼ 19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,846 | €12,562 | €10,850 | €12,688 | €634 | ▼ 95.0% |
| Other operating charges640/8 | - | €1,546 | €3,378 | €1,731 | €901 | ▼ 48.0% |
| Gross operating margin9900 | €60,674 | €77,606 | €142,707 | €178,486 | €91,913 | ▼ 48.5% |
| Operating profit (loss)9901 | €24,076 | €3,928 | €49,948 | €70,264 | €14,880 | ▼ 78.8% |
| Financial income75/76B | - | - | €8 | €0 | €1 | ▲ 1,063% |
| Recurring financial income75 | €0 | - | €8 | €0 | €1 | ▲ 1,063% |
| Financial charges65/66B | - | €364 | €183 | €415 | €373 | ▼ 10.0% |
| Recurring financial charges65 | €149 | €364 | €183 | €415 | €373 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €23,927 | €3,564 | €49,773 | €69,849 | €14,507 | ▼ 79.2% |
| Income taxes67/77 | - | - | €22,442 | €22,775 | €7,310 | ▼ 67.9% |
| Profit (loss) for the period9904 | €23,927 | €3,564 | €27,331 | €47,074 | €7,197 | ▼ 84.7% |
| Profit (loss) for the period to be appropriated9905 | €23,927 | €3,564 | €27,331 | €47,074 | €7,197 | ▼ 84.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,724 | €85,213 | €159,129 | €252,612 | €162,079 | ▼ 35.8% |
| Fixed assets21/28 | €30,854 | €35,592 | €33,843 | €34,642 | €46,354 | ▲ 33.8% |
| Tangible fixed assets22/27 | €16,434 | €16,172 | €13,628 | €8,939 | €20,651 | ▲ 131% |
| Plant, machinery and equipment23 | - | €463 | €370 | €278 | €185 | ▼ 33.3% |
| Furniture and vehicles24 | - | €15,710 | €13,258 | €8,662 | €20,466 | ▲ 136% |
| Financial fixed assets28 | €14,420 | €19,420 | €20,215 | €25,703 | €25,703 | = |
| Current assets29/58 | €39,870 | €49,621 | €125,286 | €217,970 | €115,725 | ▼ 46.9% |
| Amounts receivable within one year40/41 | €14,320 | €38,882 | €105,819 | €188,065 | €80,712 | ▼ 57.1% |
| Trade receivables40 | - | €33,705 | €105,200 | €166,588 | €58,434 | ▼ 64.9% |
| Other amounts receivable41 | - | €5,177 | €619 | €21,477 | €22,278 | ▲ 3.7% |
| Cash at bank and in hand54/58 | €25,550 | €10,739 | €19,467 | €29,905 | €35,013 | ▲ 17.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,724 | €85,213 | €159,129 | €252,612 | €162,079 | ▼ 35.8% |
| Equity10/15 | €45,380 | €48,943 | €76,274 | €97,634 | €104,831 | ▲ 7.4% |
| Contributions10/11 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Capital10 | - | €11,000 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €7,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €32,520 | €36,083 | €63,414 | €84,774 | €91,971 | ▲ 8.5% |
| Amounts payable17/49 | €25,344 | €36,270 | €82,855 | €154,978 | €57,249 | ▼ 63.1% |
| Amounts payable within one year42/48 | €25,344 | €36,270 | €82,855 | €154,978 | €57,249 | ▼ 63.1% |
| Trade debts44 | €5,476 | €13,418 | €36,769 | €14,687 | €2,588 | ▼ 82.4% |
| Suppliers440/4 | - | €13,418 | €36,769 | €14,687 | €2,588 | ▼ 82.4% |
| Advances received on contracts in progress46 | - | - | €12,027 | €72,447 | €15,888 | ▼ 78.1% |
| Taxes, remuneration and social security45 | - | €15,088 | €32,747 | €60,130 | €38,773 | ▼ 35.5% |
| Taxes450/3 | - | €15,088 | €24,674 | €46,351 | €29,498 | ▼ 36.4% |
| Remuneration and social security454/9 | - | - | €8,073 | €13,779 | €9,275 | ▼ 32.7% |
| Other amounts payable47/48 | - | €7,764 | €1,312 | €7,715 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,927 | €3,564 | €27,331 | €47,074 | €7,197 | ▼ 84.7% |
| + Depreciation and write-downs630 | €9,846 | €12,562 | €10,850 | €12,688 | €634 | ▼ 95.0% |
| Operating cash flow (approximation) | €33,773 | €16,125 | €38,181 | €59,762 | €7,831 | ▼ 86.9% |
| Investment in fixed assets (approximation) | - | -€17,300 | -€9,101 | -€13,488 | -€12,346 | ▲ 8.5% |
| Change in cash | - | -€14,811 | €8,728 | €10,437 | €5,108 | ▼ 51.1% |
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
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 134 days late
2024
31-12
Financial
Equity above €100,000Eq €104,831 ▲7.4%
6 profitable years in a row build equity to €104,831.
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
2023
31-12
Financial
Highest result since 2019net €47,074 ▲72.2%
Operating result €70,264, net result €47,074, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2021
31-12
Financial
Weakest financial yearnet €3,564 ▼85.1%
Net result drops to €3,564, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Agatha-Berchem · 1 establishment unit since 2018
Ground area
290 m²
Building footprint
293 m²
Volume, LiDAR
2,049 m³
Parcel 21342B0043/00F003, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
295
companies at this address
See who is registered here
1 establishment unit
BREADY
since 20182.283.514.117
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 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.
Similar companies · same sector, comparable size
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GEBOTRANS
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BA TRANSPORT EN GRONDWERKEN
BE 0646.881.617
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 6,351 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
Founded16-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713636918
Also
9925:BE0713636918
Registered
14-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.