BROWN SUGAR
ActiveBROWN SUGAR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445k and a net result of €93k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-12
Solvency64▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.87 in 2024; short-term debt: 33.3% and cash: 21.1% of total assets), and 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
39.2%
Return on assets
8.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €445k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
20 d early
2023
27 d late
2022
32 d early
2021
53 d late
2020
26 d late
2019
89 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€445k▲ 67.5%
2024 · €266k
2018: €28k
2019: €211k
2020: €78k
2021: €34k
2022: €28k
2023: €95k
2024: €266k
2018 → 2025
Total assets
€1.14M▲ 19.0%
2024 · €955k
2018: €176k
2019: €834k
2020: €699k
2021: €708k
2022: €640k
2023: €634k
2024: €955k
2018 → 2025
Net result
€93k▼ 45.8%
2024 · €171k
2018: €103k
2019: €183k
2020: €-134k
2021: €64k
2022: €123k
2023: €167k
2024: €171k
2018 → 2025
Working capital
€-64k▼ 78.9%
2024 · €-36k
2018: €9k
2019: €68k
2020: €-48k
2021: €-25k
2022: €-50k
2023: €-32k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€28k▼ 17.3%€95k▲ 238%€266k▲ 180%€445k▲ 67.5%
Operating result€73k-€127k▲ 73.6%€224k▲ 76.1%€262k▲ 17.2%€151k▼ 42.3%
Net result€64k-€123k▲ 93.0%€167k▲ 35.8%€171k▲ 2.5%€93k▼ 45.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€822k▲ 15.9%
Current assets
€315k▲ 28.0%
Equity and liabilities €1.14M
Equity
€445k▲ 67.5%
Debt
€692k▲ 0.3%
The debt ratio falls from 72.2% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€254k▼
2024 · €334k
Cash flow
€195k▼
2024 · €243k
Solvency
39.2%▲
2024 · 27.8%
Current ratio
0.83▼
2024 · 0.87
Quick ratio
0.72▲
2024 · 0.71
Debt / equity
1.55▼
2024 · 2.59
ROE
20.8%▼
2024 · 64.3%
ROA
8.1%▼
2024 · 17.9%
Interest coverage
12.90▼
2024 · 20.92
Debt
€692k▲
2024 · €689k
Debt ≤ 1 year
€379k▲
2024 · €282k
Debt > 1 year
€313k▼
2024 · €408k
Income taxes
€39k▼
2024 · €76k
Staff costs
€410k▲
2024 · €212k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€955k€1.14M▲
Fixed assets21/28€709k€822k▲
Intangible fixed assets21€120k€90k▼
Tangible fixed assets22/27€589k€732k▲
Land and buildings22€517k€485k▼
Plant, machinery and equipment23€50k€93k▲
Furniture and vehicles24€22k€27k▲
Leasing and similar rights25-€109k
Other tangible fixed assets26-€17k
Current assets29/58€246k€315k▲
Stocks and contracts in progress3€46k€42k▼
Stocks30/36€46k€42k▼
Amounts receivable within one year40/41€14k€32k▲
Trade receivables40€0€17k▲
Other amounts receivable41€14k€15k▲
Cash at bank and in hand54/58€185k€240k▲
Deferred charges and accrued income490/1€452€894▲
Equity and liabilities
Total equity and liabilities10/49€955k€1.14M▲
Equity10/15€266k€445k▲
Contributions10/11€25k€37k▲
Reserves13€174k€339k▲
Distributable reserves133€174k€339k▲
Profit (loss) carried forward14€67k€69k▲
Amounts payable17/49€689k€692k▲
Amounts payable after more than one year17€408k€313k▼
Financial debts170/4-€313k
Other amounts payable178/9€408k€0▼
Amounts payable within one year42/48€282k€379k▲
Current portion of amounts payable after more than one year42€135k€171k▲
Trade debts44€50k€101k▲
Suppliers440/4€50k€101k▲
Taxes, remuneration and social security45€82k€74k▼
Taxes450/3€43k€27k▼
Remuneration and social security454/9€40k€47k▲
Other amounts payable47/48€15k€33k▲
Income statement
Code20242025
Remuneration, social security and pensions62€212k€410k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€103k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€550k€670k▲
Operating profit (loss)9901€262k€151k▼
Financial income75/76B€7€54▲
Recurring financial income75€7€54▲
Financial charges65/66B€16k€20k▲
Recurring financial charges65€16k€20k▲
Profit (loss) for the period before taxes9903€246k€132k▼
Income taxes67/77€76k€39k▼
Profit (loss) for the period9904€171k€93k▼
Profit (loss) for the period to be appropriated9905€171k€93k▼
Appropriation of the result
Profit (loss) to be appropriated9906€238k€161k▼
Profit (loss) brought forward from the previous period14P€67k€69k▲
Transfer from equity791/2-€20k
Transfer to equity691/2€171k€93k▼
To other reserves6921€171k€93k▼
Profit to be distributed694/7€0€20k▲
Return on contributions (dividend)694€0€20k▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €266k ▲180%
4 profitable years in a row build equity to €266k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 53 days late
2021
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-134k ▼173%
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Highest result since 2018net €183k ▲78.7%
Net result €183k, the highest in the series.
31-12
Financial
Equity above €200kEq €211k ▲654%
2 profitable years in a row build equity to €211k.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brugge · 4 establishment units since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mariastraat 218000 BruggeGround area
4,252 m²
Building footprint
294 m²
Volume, LiDAR
2,578 m³
4 parcels, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
BROWN SUGAR
since 20072.160.177.231
Brown sugar
since 20192.287.297.612
BROWN SUGAR
since 20222.333.663.909
Gruuthuuse
since 20252.383.935.445
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019C1038/00M000 | Flanders | 3,966 m² | - | - |
| 31803C0215/00A000 ProtectedTownscape or village viewDijver, Arentshuis, Gruuthuse en Onze-Lieve-Vrouwekerk met omgevingSource ↗ |
Flanders | 159 m² | 1 · 166 m² | 13.8 m · 3 fl. |
| 31803C1165/00B000 ProtectedTownscape or village viewDijver, Arentshuis, Gruuthuse en Onze-Lieve-Vrouwekerk met omgevingSource ↗ |
Flanders | 87 m² | 1 · 87 m² | 10.8 m · 3 fl. |
| 31802B1142/00N000 | Flanders | 41 m² | 1 · 41 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
3 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,066 EUR awarded · 3,066 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,066 EUR | 3,066 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
3 sitesBrugge2.160.177.231
Brugge2.287.297.612
Damme2.333.663.909
Similar companies · same sector, comparable size
GOLDEN CUP
BE 0437.020.137
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KALDO
BE 0462.518.566
Fléron · Eq €439k
La Charlotte Imperiale
BE 0835.503.461
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WATHELET - HERMANS
BE 0454.630.783
Villers-le-Bouillet · Eq €438k
CELEJ
BE 0631.993.008
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,099. 617 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2007
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
52240
10820Manufacture of cocoa, chocolate and sugar confectionery
47279Other retail sale of food
47299Retail trade
47789Other retail sale of new goods
52272
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.