BROUWWELD
ActiveSummary
BROUWWELD has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €-27k. Equity is shrinking by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-73
Solvency53▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.74 in 2024; short-term debt: 71.7% and cash: 37% of total assets), and 71.7% of the assets are financed with debt.
Credit check for your own amount and term
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
28.3%
Return on assets
-11.6%
Age of the figures
12 mo
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2022
5 d early
2021
2 d late
2020
3 d late
2019
on the day
2018
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▼ 29.0%
2024 · €92k
2018: €296k
2019: €280k▼ -5.1% vs 2018
2020: €274k▼ -2.3% vs 2019
2021: €448k▲ +63.4% vs 2020
2022: €538k▲ +20.1% vs 2021highest value
2024: €92k
2025: €66k▼ -29.0% vs 2024lowest value
2018 → 2025
Total assets
€232k▼ 18.8%
2024 · €285k
2018: €388k
2019: €361k▼ -6.9% vs 2018
2020: €351k▼ -2.8% vs 2019
2021: €744k▲ +112% vs 2020
2022: €811k▲ +9.0% vs 2021highest value
2024: €285k
2025: €232k▼ -18.8% vs 2024lowest value
2018 → 2025
Net result
€-27k
2024 · €20k
2018: €-4k
2019: €-15k▼ -281% vs 2018
2020: €-6k▲ +58.5% vs 2019
2021: €174k▲ +2852% vs 2020highest value
2022: €90k▼ -48.1% vs 2021
2024: €20k
2025: €-27k▼ -237% vs 2024lowest value
2018 → 2025
Working capital
€-60k▼ 25.2%
2024 · €-48k
2018: €93k
2019: €92k▼ -1.9% vs 2018
2020: €98k▲ +7.5% vs 2019highest value
2021: €-181k▼ -284% vs 2020lowest value
2022: €-81k▲ +55.4% vs 2021
2024: €-48k
2025: €-60k▼ -25.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€274k-€448k▲ 63.4%€538k▲ 20.1%€92k▼ 82.8%€66k▼ 29.0%
2020: €274k
2021: €448k▲ +63.4% vs 2020
2022: €538k▲ +20.1% vs 2021highest value
2024: €92k
2025: €66k▼ -29.0% vs 2024lowest value
Operating result€-5k-€-63k▼ 1,226%€-67k▼ 7.3%€21k€-27k
2020: €-5k
2021: €-63k▼ -1226% vs 2020
2022: €-67k▼ -7.3% vs 2021lowest value
2024: €21khighest value
2025: €-27k▼ -228% vs 2024
Net result€-6k-€174k€90k▼ 48.1%€20k▼ 78.2%€-27k
2020: €-6k
2021: €174k▲ +2852% vs 2020highest value
2022: €90k▼ -48.1% vs 2021
2024: €20k
2025: €-27k▼ -237% vs 2024lowest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232k
Fixed assets
€126k ▼ 13.8%
Current assets
€106k ▼ 24.0%
Equity and liabilities €232k
Equity
€66k ▼ 29.0%
Debt
€166k ▼ 13.8%
Debt's share of the balance-sheet total rises from 67.6% to 71.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2024 · €43k
Cash flow
€-7k▼
2024 · €41k
Current ratio
0.64▼
2024 · 0.74
Debt to equity
2.53▲
2024 · 2.09
ROE
-40.9%▼
2024 · 21.2%
ROA
-11.6%▼
2024 · 6.9%
Interest coverage
-9.02▼
2024 · 31.55
Debt ≤ 1 year
€166k▼
2024 · €187k
Income taxes
€202▼
2024 · €211
Staff costs
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€285k€232k▼
Fixed assets21/28€146k€126k▼
Tangible fixed assets22/27€146k€126k▼
Land and buildings22€146k€126k▼
Plant, machinery and equipment23€211€30▼
Current assets29/58€139k€106k▼
Amounts receivable within one year40/41€7k€7k▲
Trade receivables40€7k€7k▲
Other amounts receivable41€284€98▼
Cash at bank and in hand54/58€127k€86k▼
Deferred charges and accrued income490/1€4k€13k▲
Equity and liabilities
Total equity and liabilities10/49€285k€232k▼
Equity10/15€92k€66k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€24k€24k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€18k€18k=
Profit (loss) carried forward14€-32k€-58k▼
Amounts payable17/49€193k€166k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€187k€166k▼
Current portion of amounts payable after more than one year42€13k€6k▼
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€547-
Taxes450/3€547-
Other amounts payable47/48€167k€156k▼
Accrued charges and deferred income492/3€48€50▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€121€300▲
Gross operating margin9900€50k€1k▼
Operating profit (loss)9901€21k€-27k▼
Financial income75/76B€299€717▲
Recurring financial income75€299€717▲
Financial charges65/66B€1k€708▼
Recurring financial charges65€1k€708▼
Profit (loss) for the period before taxes9903€20k€-27k▼
Income taxes67/77€211€202▼
Profit (loss) for the period9904€20k€-27k▼
Profit (loss) for the period to be appropriated9905€20k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-58k▼
Profit (loss) brought forward from the previous period14P€-51k€-32k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €11k | €11k | €2k | €2k | ▼ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €24k | €22k | €22k | €20k | ▼ 6.6% |
| Other operating charges640/8 | - | €4k | €4k | €5k | €5k | ▼ 1.9% |
| Non-recurring operating charges66A | - | €53 | €610 | €121 | €300 | ▲ 148% |
| Gross operating margin9900 | €35k | €-24k | €-29k | €50k | €1k | ▼ 97.7% |
| Operating profit (loss)9901 | €-5k | €-63k | €-67k | €21k | €-27k | ▼ 228% |
| Financial income75/76B | - | €240k | €160k | €299 | €717 | ▲ 140% |
| Recurring financial income75 | €2k | €240k | €160k | €299 | €717 | ▲ 140% |
| Financial charges65/66B | - | €4k | €2k | €1k | €708 | ▼ 47.5% |
| Recurring financial charges65 | €3k | €4k | €2k | €1k | €708 | ▼ 47.5% |
| Profit (loss) for the period before taxes9903 | €-6k | €174k | €90k | €20k | €-27k | ▼ 234% |
| Income taxes67/77 | €148 | €123 | €203 | €211 | €202 | ▼ 4.4% |
| Profit (loss) for the period9904 | €-6k | €174k | €90k | €20k | €-27k | ▼ 237% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €174k | €90k | €20k | €-27k | ▼ 237% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €351k | €744k | €811k | €285k | €232k | ▼ 18.8% |
| Fixed assets21/28 | €230k | €672k | €650k | €146k | €126k | ▼ 13.8% |
| Tangible fixed assets22/27 | €230k | €212k | €190k | €146k | €126k | ▼ 13.8% |
| Land and buildings22 | - | €207k | €187k | €146k | €126k | ▼ 13.7% |
| Plant, machinery and equipment23 | - | €752 | €571 | €211 | €30 | ▼ 85.7% |
| Furniture and vehicles24 | - | €4k | €3k | - | - | - |
| Financial fixed assets28 | - | €460k | €460k | - | - | - |
| Current assets29/58 | €121k | €72k | €161k | €139k | €106k | ▼ 24.0% |
| Amounts receivable within one year40/41 | €41k | €8k | €154k | €7k | €7k | ▲ 1.0% |
| Trade receivables40 | - | €7k | €6k | €7k | €7k | ▲ 3.9% |
| Other amounts receivable41 | - | €1k | €148k | €284 | €98 | ▼ 65.7% |
| Cash at bank and in hand54/58 | €75k | €60k | €3k | €127k | €86k | ▼ 32.7% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €4k | €13k | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €351k | €744k | €811k | €285k | €232k | ▼ 18.8% |
| Equity10/15 | €274k | €448k | €538k | €92k | €66k | ▼ 29.0% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | €100k | = |
| Issued capital100 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €24k | €24k | €24k | €24k | €24k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €18k | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €150k | €324k | €414k | €-32k | €-58k | ▼ 85.1% |
| Amounts payable17/49 | €77k | €297k | €273k | €193k | €166k | ▼ 13.8% |
| Amounts payable after more than one year17 | €54k | €43k | €31k | €6k | - | - |
| Financial debts170/4 | - | €43k | €31k | €6k | - | - |
| Amounts payable within one year42/48 | €22k | €254k | €242k | €187k | €166k | ▼ 11.3% |
| Current portion of amounts payable after more than one year42 | - | €11k | €12k | €13k | €6k | ▼ 57.7% |
| Trade debts44 | €6k | €233k | €3k | €7k | €5k | ▼ 33.0% |
| Suppliers440/4 | - | €233k | €3k | €7k | €5k | ▼ 33.0% |
| Taxes, remuneration and social security45 | - | €113 | €316 | €547 | - | - |
| Taxes450/3 | - | €113 | €316 | €547 | - | - |
| Other amounts payable47/48 | - | €9k | €227k | €167k | €156k | ▼ 6.4% |
| Accrued charges and deferred income492/3 | - | - | - | €48 | €50 | ▲ 4.8% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €174k | €90k | €20k | €-27k | ▼ 237% |
| + Depreciation and write-downs630 | €24k | €24k | €22k | €22k | €20k | ▼ 6.6% |
| Operating cash flow (approximation) | €18k | €197k | €112k | €41k | €-7k | ▼ 116% |
| Investment in fixed assets (approximation) | - | €-466k | €0 | - | €0 | - |
| Change in cash | - | €-15k | €-58k | - | €-42k | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €500kEq €538k ▲20.1%
2 profitable years in a row build equity to €538k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
30-09
Financial
Back to profitnet €174k
Net result €174k after 3 loss-making years.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Mechelen · 1 establishment unit since 1999
Ground area
644 m²
Building footprint
283 m²
Volume, LiDAR
2,092 m³
Parcel 12402B0400/00Z000, Flanders · tallest building 8.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WELDING & PIPING
since 19992.091.362.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0400/00Z000 | Flanders | 644 m² | 1 · 283 m² | 8.4 m · 3 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 3,463 companies in sector 25530 we hold annual accounts for 1,655. 1,133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-05-1999
Fiscal year end30-09
Activities, NACEBEL 2025
25530Machining of metals
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.