BRECHT
ActiveSummary
The annual accounts of BRECHT for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €16,537 and a net result of -€22,900. Equity is shrinking by ~18% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 27% of 18537 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▲+3
Solvency31▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 1.15 in 2024; short-term debt: 93.5% and cash: 0.2% of total assets), and 93.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
6.5%
Return on assets
-9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,900
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d early
2023
40 d early
2022
3 d early
2021
13 d early
2020
33 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€16,537▼ 58.1%
2024 · €39,437
Total assets
€255,826▼ 0.8%
2024 · €257,896
Net result
-€22,900▲ 17.7%
2024 · -€27,819
Working capital
€16,537▼ 49.0%
2024 · €32,439
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result-€21,424▼ 2,705%-€14,037▲ 34.5%-€7,363▲ 47.5%-€25,541▼ 247%-€20,983▲ 17.8%
Net result-€22,470below the sector's middle half▼ 969%-€14,774below the sector's middle half▲ 34.3%-€8,268below the sector's middle half▲ 44.0%-€27,819below the sector's middle half▼ 236%-€22,900below the sector's middle half▲ 17.7%
Equity€90,297within the sector's middle half▼ 19.9%€75,524within the sector's middle half▼ 16.4%€67,255within the sector's middle half▼ 10.9%€39,437within the sector's middle half▼ 41.4%€16,537within the sector's middle half▼ 58.1%
Total assets€252,989within the sector's middle half▲ 2.9%€238,906within the sector's middle half▼ 5.6%€256,974within the sector's middle half▲ 7.6%€257,896within the sector's middle half▲ 0.4%€255,826within the sector's middle half▼ 0.8%
Debt€162,692▲ 22.3%€163,382▲ 0.4%€189,718▲ 16.1%€218,459▲ 15.1%€239,289▲ 9.5%
Working capital€90,192▼ 19.9%€75,524▼ 16.3%€52,541▼ 30.4%€32,439▼ 38.3%€16,537▼ 49.0%
Solvency35.7%within the sector's middle half▼ 10.2pp31.6%within the sector's middle half▼ 4.1pp26.2%within the sector's middle half▼ 5.4pp15.3%within the sector's middle half▼ 10.9pp6.5%within the sector's middle half▼ 8.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €20,983 in 2025 against €25,541 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €255,826
Equity
€16,537 ▼ 58.1%
Debt
€239,289 ▲ 9.5%
Debt's share of the balance-sheet total rises from 84.7% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€13,985▲
2024 · -€17,824
Cash flow
-€15,902▲
2024 · -€20,102
Current ratio
1.07▼
2024 · 1.15
Debt to equity
14.47▲
2024 · 5.54
ROE
-138.5%▼
2024 · -70.5%
ROA
-9.0%▲
2024 · -10.8%
Interest coverage
-8.12▲
2024 · -8.62
Debt ≤ 1 year
€239,289▲
2024 · €218,459
Income taxes
€194▼
2024 · €210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% | 1.7% |
| 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 75% 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 974 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €105 | €105 | €719 | €7,717 | €6,998 | ▼ 9.3% |
| Other operating charges640/8 | €172 | €757 | €559 | €560 | €1,378 | ▲ 146% |
| Gross operating margin9900 | -€21,147 | -€13,175 | -€6,084 | -€17,264 | -€12,606 | ▲ 27.0% |
| Operating profit (loss)9901 | -€21,424 | -€14,037 | -€7,363 | -€25,541 | -€20,983 | ▲ 17.8% |
| Financial income75/76B | - | €0 | €8 | €0 | - | - |
| Recurring financial income75 | - | €0 | €8 | €0 | - | - |
| Financial charges65/66B | €1,045 | €738 | €897 | €2,068 | €1,723 | ▼ 16.7% |
| Recurring financial charges65 | €1,045 | €738 | €897 | €2,068 | €1,723 | ▼ 16.7% |
| Profit (loss) for the period before taxes9903 | -€22,470 | -€14,774 | -€8,252 | -€27,609 | -€22,706 | ▲ 17.8% |
| Income taxes67/77 | - | - | €16 | €210 | €194 | ▼ 7.4% |
| Profit (loss) for the period9904 | -€22,470 | -€14,774 | -€8,268 | -€27,819 | -€22,900 | ▲ 17.7% |
| Profit (loss) for the period to be appropriated9905 | -€22,470 | -€14,774 | -€8,268 | -€27,819 | -€22,900 | ▲ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252,989 | €238,906 | €256,974 | €257,896 | €255,826 | ▼ 0.8% |
| Fixed assets21/28 | €105 | - | €14,715 | €6,998 | - | - |
| Tangible fixed assets22/27 | €105 | - | €14,715 | €6,998 | - | - |
| Land and buildings22 | €105 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €14,715 | €6,998 | - | - |
| Current assets29/58 | €252,884 | €238,906 | €242,259 | €250,898 | €255,826 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €252,534 | €238,259 | €241,772 | €250,898 | €255,372 | ▲ 1.8% |
| Trade receivables40 | €3,824 | - | €1,240 | €3,820 | €3,820 | = |
| Other amounts receivable41 | €248,710 | €238,259 | €240,532 | €247,078 | €251,552 | ▲ 1.8% |
| Cash at bank and in hand54/58 | €350 | €646 | €487 | - | €454 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252,989 | €238,906 | €256,974 | €257,896 | €255,826 | ▼ 0.8% |
| Equity10/15 | €90,297 | €75,524 | €67,255 | €39,437 | €16,537 | ▼ 58.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,002 | €23,002 | €23,002 | €23,002 | €23,002 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €21,142 | €21,142 | €21,142 | €21,142 | €21,142 | = |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €48,695 | €33,921 | €25,653 | -€2,165 | -€25,065 | ▼ 1,058% |
| Amounts payable17/49 | €162,692 | €163,382 | €189,718 | €218,459 | €239,289 | ▲ 9.5% |
| Amounts payable within one year42/48 | €162,692 | €163,382 | €189,718 | €218,459 | €239,289 | ▲ 9.5% |
| Financial debts43 | - | - | €11,668 | €16,948 | - | - |
| Credit institutions430/8 | - | - | €11,668 | €16,948 | - | - |
| Trade debts44 | €1,987 | €1,860 | €1,370 | €802 | €1,434 | ▲ 78.8% |
| Suppliers440/4 | €1,987 | €1,860 | €1,370 | €802 | €1,434 | ▲ 78.8% |
| Taxes, remuneration and social security45 | €221 | - | €16 | €210 | €404 | ▲ 92.6% |
| Taxes450/3 | €221 | - | €16 | €210 | €404 | ▲ 92.6% |
| Other amounts payable47/48 | €160,484 | €161,522 | €176,664 | €200,500 | €237,451 | ▲ 18.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,470 | -€14,774 | -€8,268 | -€27,819 | -€22,900 | ▲ 17.7% |
| + Depreciation and write-downs630 | €105 | €105 | €719 | €7,717 | €6,998 | ▼ 9.3% |
| Operating cash flow (approximation) | -€22,365 | -€14,669 | -€7,549 | -€20,102 | -€15,902 | ▲ 20.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - |
| Change in cash | - | €297 | -€159 | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€27,819
Net result drops to -€27,819, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €3,506 ▲1,356%
Operating result €5,868, net result €3,506, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Halen · 1 establishment unit since 2006
Ground area
1,193 m²
Parcel 71020A0086/00R002, Flanders. Linked by address, not a title deed.
1 establishment unit
Jabebis Jeans
since 20062.151.378.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020A0086/00R002 | Flanders | 1,193 m² | - | - |
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.
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Of 1,271 companies in sector 47512 we hold annual accounts for 581. 336 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
Founded28-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877529801
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.