Equity
€481,349 from €1.2m in 2017
Equity fell by 59% in 8 years.
BROUDO
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005peak €389,728 (2019)
€78,584▼ 14.7%
lowest -€497,516 (2023)
-€48,296▲ €2,543
peak €1.2m (2017)
€481,349▼ 10.4%
€1.5m▼ 27.7%
peak 0.5 FTE (2007)
-not published
Board5 names since 2016
2 directorsBROUFA and 1 other
Documentsfilings and deeds
04-03-202657 days before the deadline
2025micro format
Gross margin from €92,121 to €78,584Loss of €48,296Debts from €2.1m to €1.5mCash from €530 to €42,481
Key points
from the 2025 annual accountsLosses
-€596,651 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Turnover
≈ €100,000 estimated
The accounts state no turnover.
Debts
€1.5m 75% of the balance sheet
Financial debts 69%Taxes and wages 0%Other 30%
Of this, €62,626 falls due within a year.
Investments
€10,098 0.1 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-€48,296
Lower net result than 91% of companies in real estate. Sector median €5,986 · 17,185 companies.
Checked score
92
Excellent
Financially stronger than 40% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.5%▲ +0.1 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.3%▼ -0.2 percentage points vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 0.3%▼ -0.3 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.4%▲ +0.1 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.1%▼ -0.3 percentage points vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 5.52, cash €42,481
Loss of €48,296, the second in a row (financial year 2025)
lowers risk
Size: total assets €2.0m
Figures for financial year 2025 (filed on 04-03-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 44% of them on solvency, 61% on liquidity, 27% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as BROUDO has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BROUDO itself is lower: 0.1% within 12 months. It rests on far more data about BROUDO than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,507 companies, not a prediction for BROUDO. 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.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.52 (5.7 in 2024), above the usual 1.5. Short-term debt is 3.2% and cash 2.1% of total assets. However, 75.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
19202122232425
2019 to 2025 · latest year -€48,296
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-03-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 days early
2024
on the day
2023
27 days early
2022
4 days late
2021
3 days early
2020
87 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0867442096
Permanent representatives: Monique Talpe and DE BAETS Wendy
Gazette deed
Registered office moved from Aalter to Ruiselede
New registered office: Mortelwalstraat 4, 8755 Ruiselede · Previous registered office: Hoge Kouter 20A, 9880 Aalter · Gazette deed
1 director appointed, 2 resignations, 1 reappointment
Resignations: Monique Talpe and Brouckaert nv · Permanent representatives: Christof Brouckaert and Monique Talpe · Reappointment: Dominique Brouckaert · General meeting of 30-03-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BROUDO Wingene | €2.0m | €78,584 | 24.3% | - |
| Vandevelde Investeringen & Advies Lubbeek | €2.1m | €85,931 | 1.2% | 0 |
| JB C&C Brasschaat | €2.1m | €90,380 | -2.2% | - |
| CARMEL IMMO Auderghem | €1.8m | €85,975 | 29.1% | - |
| FISCUNA Beveren-Kruibeke-Zwijndrecht | €1.7m | €81,290 | 41.6% | - |
| SOCIETE IMMOBILIERE DU BEGUINAGE Etterbeek | €1.7m | €71,408 | 48.8% | - |
| I'MMSPRO Genk | €2.3m | €84,177 | 26.6% | - |
These companies have the same main activity as BROUDO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.7m and €2.3m, founded between 2002 and 2007.
Official details
Source: KBO- Status
- Active since 27-09-2004Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.309.503.4848755 Wingene, since 09-11-2020
- Financial year end
- 30 September
- Peppol
- Reachable since 22-09-2025
Annual accounts to 30-09-2025
- €2.0m▼ 24.4%
- Filing
- Filed on 04-03-2026, 57 days before the end of the filing period
Insights on BROUDO
BROUDO files the micro format. That format states no turnover. The gross margin fell from €168,321 in 2007 to €78,584 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BROUDO
- What is the company number of BROUDO?
- The company number of BROUDO is 0867.442.096. The VAT number is the same number with BE in front: BE 0867.442.096.
- Where is BROUDO based?
- The registered office is at Mortelwalstraat 4, 8755 Wingene.Company details
- What does BROUDO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of BROUDO?
- BROUDO is a public limited company (NV).
- When was BROUDO founded?
- BROUDO was founded on 27-09-2004.
- Is BROUDO still active?
- Yes, BROUDO is an active enterprise in the KBO register.
- What is the turnover of BROUDO?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €78,584 and 45 comparable companies (NACE 682). It probably lies between €88,000 and €130,000.Financials
- Is BROUDO profitable?
- In financial year 2025, BROUDO made a loss of €48,296.
- Where can I find the annual accounts of BROUDO?
- BROUDO filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BROUDO due?
- BROUDO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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