BRO & BREAD
ActiveFinancials · financial year 2024, micro format
2024 annual accounts filed 31 days after the deadline Filed on 31 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00487672.
Annual accounts 2024 filed on 31-08-2025 PDF
Turnover and EBIT margin are not published. The micro format does not require them.
Companies with the same profile, two years later
Historical observationIn July 2024, 2,546 companies had the same profile as BRO & BREAD has now. Two years later, 2.3% had gone bankrupt and 94.3% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BRO & BREAD itself is higher: 11.9% within 12 months. It rests on far more data about BRO & BREAD than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for BRO & BREAD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2024 |
|---|---|
| Gross operating margin9900 | €0 |
| Operating profit (loss)9901 | €0 |
| Profit (loss) for the period before taxes9903 | €0 |
| Profit (loss) for the period9904 | €0 |
| Profit (loss) for the period to be appropriated9905 | €0 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2,500 | |
| Current assets29/58 | €2,500 | |
| Current investments50/53 | €2,500 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2,500 | |
| Equity10/15 | €2,500 | |
| Contributions10/11 | €2,500 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €0 |
| Operating cash flow (approximation) | €0 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00487672 |