Broucks
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 10-12-2025 PDF all 49 filings
Turnover
≈ €510,000
Estimated: probably between €310,000 and €950,000
Total assets
€1.1m▼ 26.9%
2024 · €1.5m
Net result
-€240,266▲ 10.3%
2024 · -€267,877
Working capital
€338,609▼ 41.6%
2024 · €579,338
In the rankings
#1 oldest company in Anzegem
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€228,848
▲ 7.1%
2025
20192025
Net result
-€240,266
▲ 10.3%
2025
lowest quarter of the sector
20192025
Equity
€437,871
▼ 39.9%
2025
middle half of the sector
20192025
Total assets
€1.1m
▼ 26.9%
2025
middle half of the sector
20192025
Debt
€637,402
▼ 14.1%
2025
20192025
Working capital
€338,609
▼ 41.6%
2025
middle half of the sector
20192025
Solvency
40.7%
▼ 8.8pp
2025
middle half of the sector
20192025
Current ratio
1.81
▼ 0.52
2025
middle half of the sector
20192025
Return on assets (ROA)
-22.3%
▼ 4.1pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
7.7
▼ 15.4%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.2m-€0.03m▼ 86.1%€0.3m▲ 873%€0.2m▼ 30.4%€0.05m▼ 76.4%-€0.2m-€0.2m▲ 7.1%
Net result€0.2m-€0.02mwithin the sector's middle half▼ 85.1%€0.2mwithin the sector's middle half▲ 684%€0.1mwithin the sector's middle half▼ 34.3%€0.02mwithin the sector's middle half▼ 83.5%-€0.3mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 10.3%
Equity€0.9m-€0.9mwithin the sector's middle half▲ 2.6%€1.1mwithin the sector's middle half▲ 19.5%€1.2mwithin the sector's middle half▲ 5.6%€1.1mwithin the sector's middle half▼ 2.6%€0.7mwithin the sector's middle half▼ 36.0%€0.4mwithin the sector's middle half▼ 39.9%
Total assets€2.1m-€1.9mwithin the sector's middle half▼ 11.7%€2.1mwithin the sector's middle half▲ 12.1%€1.9mwithin the sector's middle half▼ 9.9%€1.9mwithin the sector's middle half▲ 0.7%€1.5mwithin the sector's middle half▼ 21.8%€1.1mwithin the sector's middle half▼ 26.9%
Debt€1.2m-€0.9m▼ 21.9%€1.0m▲ 6.6%€0.7m▼ 27.4%€0.7m▲ 6.9%€0.7m▼ 0.2%€0.6m▼ 14.1%
Working capital€1.0m-€1.0mabove the sector's middle half▲ 3.6%€1.2mabove the sector's middle half▲ 15.4%€1.1mwithin the sector's middle half▼ 1.2%€1.0mwithin the sector's middle half▼ 10.4%€0.6mwithin the sector's middle half▼ 43.2%€0.3mwithin the sector's middle half▼ 41.6%
Solvency43.1%-50.0%within the sector's middle half▲ 6.9pp53.3%within the sector's middle half▲ 3.3pp62.5%within the sector's middle half▲ 9.2pp60.5%within the sector's middle half▼ 2.0pp49.5%within the sector's middle half▼ 10.9pp40.7%within the sector's middle half▼ 8.8pp
Current ratio3.31-5.02above the sector's middle half▲ 1.704.26above the sector's middle half▼ 0.766.09above the sector's middle half▲ 1.833.87within the sector's middle half▼ 2.222.33within the sector's middle half▼ 1.541.81within the sector's middle half▼ 0.52
Return on assets (ROA)7.4%-1.2%within the sector's middle half▼ 6.2pp8.7%within the sector's middle half▲ 7.5pp6.3%within the sector's middle half▼ 2.4pp1.0%within the sector's middle half▼ 5.3pp-18.2%below the sector's middle half▼ 19.3pp-22.3%below the sector's middle half▼ 4.1pp
Staff (FTE)9.7-7.7within the sector's middle half▼ 20.6%11.6within the sector's middle half▲ 50.6%11.1within the sector's middle half▼ 4.3%9.8within the sector's middle half▼ 11.7%9.1within the sector's middle half▼ 7.1%7.7within the sector's middle half▼ 15.4%
above
within
below
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €228,848, smaller than the loss of €246,380 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€318,761 ▼ 30.0%
Current assets
€756,511 ▼ 25.5%
Equity and liabilities €1.1m
Equity
€437,871 ▼ 39.9%
Debt
€637,402 ▼ 14.1%
Debt's share of the balance-sheet total rises from 50.5% to 59.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€107,621▲
2024 · -€121,044
Cash flow
-€119,040▲
2024 · -€142,541
Quick ratio
0.91▼
2024 · 1.02
Debt to equity
1.46▲
2024 · 1.02
ROE
-54.9%▼
2024 · -36.8%
Interest coverage
-4.92▼
2024 · -3.46
Debt ≤ 1 year
€417,902▼
2024 · €435,829
Debt > 1 year
€217,247▼
2024 · €304,671
Income taxes
€250▼
2024 · €260
Staff costs
€279,128▼
2024 · €391,952
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 9 | 12 | 10 | 6 |
| full-time | 8 | 8 | 6 | 2 |
| part-time | 1 | 4 | 4 | 4 |
| in full-time equivalents | 8.5 | 10 | 9 | 5 |
| Average over the year, in full-time equivalents | 11.1 | 9.8 | 9.1 | 7.7 |
| On a permanent contract | 9 | 12 | 10 | 6 |
| Joined | 4 | 5 | 3 | 0 |
| Left | 6 | 2 | 5 | 4 |
| Training hours | 490 | 343 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €54,671 | €116,904 | €74,474 | €2,054 |
| Intangible fixed assets | €8,727 | €650 | €520 | - |
| Financial fixed assets | - | €2,500 | - | - |
| Depreciation and write-downs of the year | €124,997 | €120,453 | €125,336 | €121,227 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €45,660 awarded · €45,660 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €5,321 | €5,321 |
| 2024 | 2 | €10,156 | €10,156 |
| 2023 | 3 | €18,581 | €18,581 |
| 2022 | 2 | €11,602 | €11,602 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11,500 | €21,488 | €3,900 | €17,828 | ▲ 357% |
| Remuneration, social security and pensions62 | - | - | - | €441,024 | €430,172 | €391,952 | €279,128 | ▼ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €220,245 | €184,311 | €134,354 | €124,997 | €120,453 | €125,336 | €121,227 | ▼ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €18,990 | €18,990 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€5,000 | -€5,000 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €8,152 | €6,973 | €8,693 | €8,090 | ▼ 6.9% |
| Gross operating margin9900 | €790,458 | €589,377 | €879,022 | €760,266 | €597,781 | €298,592 | €198,588 | ▼ 33.5% |
| Operating profit (loss)9901 | €203,011 | €28,213 | €274,653 | €191,093 | €45,183 | -€246,380 | -€228,848 | ▲ 7.1% |
| Financial income75/76B | - | - | - | €8,508 | €9,500 | €13,780 | €10,698 | ▼ 22.4% |
| Recurring financial income75 | €574 | €15,869 | €7,017 | €8,508 | €9,500 | €13,780 | €10,698 | ▼ 22.4% |
| Financial charges65/66B | - | - | - | €25,216 | €32,673 | €35,018 | €21,867 | ▼ 37.6% |
| Recurring financial charges65 | €19,498 | €11,675 | €25,965 | €25,216 | €32,673 | €35,018 | €21,867 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €184,087 | €32,407 | €255,705 | €174,385 | €22,010 | -€267,617 | -€240,017 | ▲ 10.3% |
| Income taxes67/77 | €29,097 | €9,373 | €75,110 | €55,750 | €2,410 | €260 | €250 | ▼ 4.0% |
| Profit (loss) for the period9904 | €155,088 | €23,034 | €180,595 | €118,635 | €19,600 | -€267,877 | -€240,266 | ▲ 10.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €25,467 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €155,281 | €23,034 | €180,595 | €144,102 | €19,600 | -€267,877 | -€240,266 | ▲ 10.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.1m | €1.9m | €2.1m | €1.9m | €1.9m | €1.5m | €1.1m | ▼ 26.9% |
| Fixed assets21/28 | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 30.0% |
| Intangible fixed assets21 | - | €0.004m | €0.02m | €0.02m | €0.01m | €0.009m | €0.003m | ▼ 64.9% |
| Tangible fixed assets22/27 | €0.7m | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 30.0% |
| Plant, machinery and equipment23 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 37.3% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.004m | €0.02m | €0.01m | ▼ 29.1% |
| Other tangible fixed assets26 | - | - | - | €0.001m | €0.1m | €0.1m | €0.1m | ▼ 10.6% |
| Financial fixed assets28 | €0.009m | €0.009m | €0.009m | €0.009m | €0.01m | €0.01m | €0.01m | = |
| Current assets29/58 | €1.4m | €1.2m | €1.5m | €1.4m | €1.4m | €1.0m | €0.8m | ▼ 25.5% |
| Stocks and contracts in progress3 | €0.7m | €0.6m | €0.7m | €0.7m | €0.7m | €0.6m | €0.4m | ▼ 33.9% |
| Stocks30/36 | - | - | - | €0.7m | €0.7m | €0.6m | €0.4m | ▼ 33.9% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 24.3% |
| Trade receivables40 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 10.4% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.05m | €0.06m | €0.02m | ▼ 68.9% |
| Current investments50/53 | €0.1m | €0.05m | €0.05m | €0 | - | €0.09m | €0.09m | ▲ 1.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.4m | €0.4m | €0.4m | €0.1m | €0.1m | ▼ 5.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.006m | €0.002m | €0.001m | ▼ 17.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.1m | €1.9m | €2.1m | €1.9m | €1.9m | €1.5m | €1.1m | ▼ 26.9% |
| Equity10/15 | €0.9m | €0.9m | €1.1m | €1.2m | €1.1m | €0.7m | €0.4m | ▼ 39.9% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.8m | €0.8m | €1.0m | €1.0m | €1.0m | €0.6m | €0.5m | ▼ 18.6% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €0.6m | €0.5m | ▼ 19.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | -€0.2m | - |
| Provisions and deferred taxes16 | €0.04m | €0.03m | €0.01m | €0.005m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.005m | €0 | - | - | - |
| Major repairs and maintenance162 | - | - | - | €0.005m | €0 | - | - | - |
| Amounts payable17/49 | €1.2m | €0.9m | €1.0m | €0.7m | €0.7m | €0.7m | €0.6m | ▼ 14.1% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 28.7% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 28.7% |
| Amounts payable within one year42/48 | €0.4m | €0.2m | €0.4m | €0.2m | €0.4m | €0.4m | €0.4m | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.08m | €0.09m | ▲ 2.8% |
| Financial debts43 | - | - | - | €0 | €32 | €20 | €45 | ▲ 125% |
| Credit institutions430/8 | - | - | - | €0 | €32 | €20 | €45 | ▲ 125% |
| Trade debts44 | €0.3m | €0.1m | €0.2m | €0.07m | €0.2m | €0.2m | €0.09m | ▼ 49.3% |
| Suppliers440/4 | - | - | - | €0.07m | €0.2m | €0.2m | €0.09m | ▼ 49.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.01m | €0.004m | ▼ 71.4% |
| Taxes450/3 | - | - | - | €0.003m | €0.007m | €433 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.01m | €0.004m | ▼ 70.4% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.04m | €0.2m | €0.2m | ▲ 42.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.002m | €0.002m | ▲ 37.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155,088 | €23,034 | €180,595 | €118,635 | €19,600 | -€267,877 | -€240,266 | ▲ 10.3% |
| + Depreciation and write-downs630 | €220,245 | €184,311 | €134,354 | €124,997 | €120,453 | €125,336 | €121,227 | ▼ 3.3% |
| Operating cash flow (approximation) | €375,333 | €207,345 | €314,949 | €243,632 | €140,053 | -€142,541 | -€119,040 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€73,853 | -€99,444 | -€63,398 | -€120,054 | -€74,994 | €15,118 | - |
| Change in cash | - | €58,037 | €178,647 | €8,586 | -€5,470 | -€288,651 | -€6,447 | ▲ 97.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as Broucks has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Broucks itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 5,831 companies, not a prediction for Broucks. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 10-12-2025 | 2025-00579018 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00023459 | |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00016942 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00012800 | |
| 30-06-2021 | abbreviated format | 01-02-2022 | 2022-04700441 | |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-04200556 | |
| 30-06-2019 | abbreviated format | 27-01-2020 | 2020-02300437 | |
| 30-06-2018 | abbreviated format | 28-02-2019 | 2019-06000351 | |
| 30-06-2017 | abbreviated format | 31-01-2018 | 2018-03800297 | |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71500103 |