Brits
ActiveSummary
Brits has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,827 and a net result of €2,837. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-12
Solvency60▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.72 in 2024; short-term debt: 16.9% and cash: 6.3% of total assets), but 65.2% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.8%
Return on assets
1%
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 dateAge against the risk zone
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
41 d early
2023
36 d early
2022
38 d early
2021
30 d late
2020
30 d early
2019
32 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 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 26 June (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€101,827▲ 2.9%
2024 · €98,990
Total assets
€293,016▼ 3.2%
2024 · €302,678
Net result
€2,837▼ 65.0%
2024 · €8,107
Working capital
€26,756▼ 18.8%
2024 · €32,962
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€8,943▼ 44.5%€14,752▲ 64.9%€20,209▲ 37.0%€15,880▼ 21.4%€7,772▼ 51.1%
Net result€3,892within the sector's middle half▼ 65.1%€13,497within the sector's middle half▲ 247%€13,129within the sector's middle half▼ 2.7%€8,107within the sector's middle half▼ 38.3%€2,837within the sector's middle half▼ 65.0%
Equity€64,257within the sector's middle half▲ 6.4%€77,754within the sector's middle half▲ 21.0%€90,883within the sector's middle half▲ 16.9%€98,990within the sector's middle half▲ 8.9%€101,827within the sector's middle half▲ 2.9%
Total assets€309,550above the sector's middle half▼ 7.8%€300,093within the sector's middle half▼ 3.1%€311,713above the sector's middle half▲ 3.9%€302,678above the sector's middle half▼ 2.9%€293,016within the sector's middle half▼ 3.2%
Debt€245,293▼ 10.9%€222,339▼ 9.4%€220,830▼ 0.7%€203,688▼ 7.8%€191,189▼ 6.1%
Working capital€5,660within the sector's middle half€19,552within the sector's middle half▲ 245%€28,686within the sector's middle half▲ 46.7%€32,962within the sector's middle half▲ 14.9%€26,756within the sector's middle half▼ 18.8%
Solvency20.8%below the sector's middle half▲ 2.8pp25.9%within the sector's middle half▲ 5.2pp29.2%within the sector's middle half▲ 3.2pp32.7%within the sector's middle half▲ 3.5pp34.8%within the sector's middle half▲ 2.0pp
Current ratio1.11within the sector's middle half▲ 0.111.46within the sector's middle half▲ 0.351.53within the sector's middle half▲ 0.071.72within the sector's middle half▲ 0.191.54within the sector's middle half▼ 0.18
Return on assets (ROA)1.3%within the sector's middle half▼ 2.1pp4.5%within the sector's middle half▲ 3.2pp4.2%within the sector's middle half▼ 0.3pp2.7%within the sector's middle half▼ 1.5pp1.0%within the sector's middle half▼ 1.7pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 has fallen two years in a row; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293,016
Fixed assets
€216,672 ▼ 3.2%
Current assets
€76,344 ▼ 3.1%
Equity and liabilities €293,016
Equity
€101,827 ▲ 2.9%
Debt
€191,189 ▼ 6.1%
Debt's share of the balance-sheet total falls from 67.3% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,821▼
2024 · €25,314
Cash flow
€12,886▼
2024 · €17,540
Quick ratio
0.83▼
2024 · 1.10
Debt to equity
1.88▼
2024 · 2.06
ROE
2.8%▼
2024 · 8.2%
Interest coverage
4.61▼
2024 · 5.80
Debt ≤ 1 year
€49,588▲
2024 · €45,792
Debt > 1 year
€139,790▼
2024 · €152,937
Income taxes
€1,191▼
2024 · €3,522
Staff costs
€66,136▲
2024 · €11,721
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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%.
| 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 10,905 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €11,721 | €66,136 | ▲ 464% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,435 | €17,155 | €8,749 | €9,434 | €10,049 | ▲ 6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €181 | -€943 | ▼ 622% |
| Other operating charges640/8 | €2,468 | €1,505 | €1,451 | €1,370 | €3,153 | ▲ 130% |
| Gross operating margin9900 | €26,847 | €33,412 | €30,409 | €38,586 | €86,166 | ▲ 123% |
| Operating profit (loss)9901 | €8,943 | €14,752 | €20,209 | €15,880 | €7,772 | ▼ 51.1% |
| Financial income75/76B | €74 | €1,060 | €60 | €110 | €119 | ▲ 8.4% |
| Recurring financial income75 | €74 | €1,060 | €60 | €110 | €119 | ▲ 8.4% |
| Financial charges65/66B | €4,745 | €4,686 | €4,293 | €4,362 | €3,862 | ▼ 11.5% |
| Recurring financial charges65 | €4,745 | €4,686 | €4,293 | €4,362 | €3,862 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | €4,272 | €11,126 | €15,976 | €11,628 | €4,029 | ▼ 65.4% |
| Income taxes67/77 | €380 | -€2,371 | €2,846 | €3,522 | €1,191 | ▼ 66.2% |
| Profit (loss) for the period9904 | €3,892 | €13,497 | €13,129 | €8,107 | €2,837 | ▼ 65.0% |
| Profit (loss) for the period to be appropriated9905 | €3,892 | €13,497 | €13,129 | €8,107 | €2,837 | ▼ 65.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309,550 | €300,093 | €311,713 | €302,678 | €293,016 | ▼ 3.2% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €251,516 | €237,788 | €229,039 | €223,923 | €216,672 | ▼ 3.2% |
| Intangible fixed assets21 | €500 | €380 | €260 | €140 | €20 | ▼ 85.7% |
| Tangible fixed assets22/27 | €251,016 | €237,408 | €228,779 | €223,483 | €216,352 | ▼ 3.2% |
| Land and buildings22 | €243,119 | €235,313 | €227,507 | €219,700 | €211,894 | ▼ 3.6% |
| Plant, machinery and equipment23 | €304 | €1,208 | €906 | €604 | €2,152 | ▲ 256% |
| Furniture and vehicles24 | €681 | €887 | €366 | €3,179 | €2,306 | ▼ 27.5% |
| Leasing and similar rights25 | €6,912 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | €300 | €300 | = |
| Current assets29/58 | €58,034 | €62,305 | €82,674 | €78,754 | €76,344 | ▼ 3.1% |
| Stocks and contracts in progress3 | €15,538 | €21,399 | €29,948 | €28,424 | €35,109 | ▲ 23.5% |
| Stocks30/36 | €15,538 | €21,399 | €29,948 | €28,424 | €35,109 | ▲ 23.5% |
| Amounts receivable within one year40/41 | €38,317 | €32,225 | €49,814 | €38,240 | €19,603 | ▼ 48.7% |
| Trade receivables40 | €34,955 | €32,225 | €49,128 | €34,894 | €13,674 | ▼ 60.8% |
| Other amounts receivable41 | €3,362 | - | €686 | €3,346 | €5,930 | ▲ 77.2% |
| Cash at bank and in hand54/58 | €3,620 | €8,681 | €2,912 | €12,090 | €18,553 | ▲ 53.5% |
| Deferred charges and accrued income490/1 | €559 | - | - | €0 | €3,078 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309,550 | €300,093 | €311,713 | €302,678 | €293,016 | ▼ 3.2% |
| Equity10/15 | €64,257 | €77,754 | €90,883 | €98,990 | €101,827 | ▲ 2.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €25,660 | €35,660 | €48,760 | €56,760 | €59,560 | ▲ 4.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €23,800 | €33,800 | €48,760 | €56,760 | €59,560 | ▲ 4.9% |
| Profit (loss) carried forward14 | €28,597 | €32,094 | €32,123 | €32,230 | €32,267 | ▲ 0.1% |
| Amounts payable17/49 | €245,293 | €222,339 | €220,830 | €203,688 | €191,189 | ▼ 6.1% |
| Amounts payable after more than one year17 | €191,342 | €178,710 | €165,910 | €152,937 | €139,790 | ▼ 8.6% |
| Financial debts170/4 | €191,342 | €178,710 | €165,910 | €152,937 | €139,790 | ▼ 8.6% |
| Amounts payable within one year42/48 | €52,375 | €42,753 | €53,988 | €45,792 | €49,588 | ▲ 8.3% |
| Current portion of amounts payable after more than one year42 | €22,058 | €13,631 | €12,801 | €12,973 | €13,147 | ▲ 1.3% |
| Trade debts44 | €20,417 | €14,099 | €29,902 | €21,294 | €17,076 | ▼ 19.8% |
| Suppliers440/4 | €20,417 | €14,099 | €29,902 | €21,294 | €17,076 | ▼ 19.8% |
| Taxes, remuneration and social security45 | €878 | €2,098 | €4,036 | €4,390 | €7,408 | ▲ 68.7% |
| Taxes450/3 | - | - | €3,974 | €3,568 | €722 | ▼ 79.8% |
| Remuneration and social security454/9 | €878 | €2,098 | €62 | €822 | €6,686 | ▲ 714% |
| Other amounts payable47/48 | €9,023 | €12,925 | €7,249 | €7,135 | €11,958 | ▲ 67.6% |
| Accrued charges and deferred income492/3 | €1,577 | €876 | €932 | €4,959 | €1,811 | ▼ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,892 | €13,497 | €13,129 | €8,107 | €2,837 | ▼ 65.0% |
| + Depreciation and write-downs630 | €15,435 | €17,155 | €8,749 | €9,434 | €10,049 | ▲ 6.5% |
| Operating cash flow (approximation) | €19,328 | €30,651 | €21,878 | €17,540 | €12,886 | ▼ 26.5% |
| Investment in fixed assets (approximation) | - | -€3,427 | €0 | -€4,318 | -€2,798 | ▲ 35.2% |
| Change in cash | - | €5,062 | -€5,769 | €9,178 | €6,463 | ▼ 29.6% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €2,837 ▼65%
Net result drops to €2,837, the lowest in the series.
31-12
Financial
Equity above €100,000Eq €101,827 ▲2.9%
8 profitable years in a row build equity to €101,827.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €13,497 ▲247%
Net result €13,497, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kasterlee · 1 establishment unit since 2013
Ground area
4,532 m²
Building footprint
168 m²
Volume, LiDAR
2,734 m³
Parcel 13018F1430/00A000, Flanders · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Brits
since 20132.221.827.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13018F1430/00A000 | Flanders | 4,532 m² | 1 · 168 m² | 20.9 m · 6 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.
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,800 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
Founded10-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
16110Sawmilling and planing of wood
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538500250
Also
9925:BE0538500250
Registered
10-01-2025
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.