BRUCARO
ActiveBRUCARO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €563k and a net result of €34k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-3
Solvency57▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.8 in 2024; short-term debt: 50.9% and cash: 0.5% of total assets), but 67.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
32.2%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
35 d early
2023
20 d early
2022
49 d early
2021
45 d early
2020
47 d early
2019
46 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€563k▲ 6.2%
2024 · €530k
2018: €294k
2019: €307k
2020: €317k
2021: €390k
2022: €453k
2023: €492k
2024: €530k
2018 → 2025
Total assets
€1.75M▼ 2.7%
2024 · €1.80M
2018: €1.52M
2019: €1.68M
2020: €1.90M
2021: €1.74M
2022: €1.80M
2023: €1.74M
2024: €1.80M
2018 → 2025
Net result
€34k▼ 11.7%
2024 · €39k
2018: €14k
2019: €13k
2020: €11k
2021: €74k
2022: €64k
2023: €40k
2024: €39k
2018 → 2025
Working capital
€611k▼ 8.2%
2024 · €666k
2018: €281k
2019: €231k
2020: €418k
2021: €484k
2022: €493k
2023: €454k
2024: €666k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€390k-€453k▲ 16.1%€492k▲ 8.6%€530k▲ 7.6%€563k▲ 6.2%
Operating result€132k-€117k▼ 10.9%€91k▼ 22.6%€93k▲ 2.2%€90k▼ 2.9%
Net result€74k-€64k▼ 13.7%€40k▼ 37.3%€39k▼ 3.8%€34k▼ 11.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.75M
Fixed assets
€247k▼ 18.4%
Current assets
€1.50M▲ 0.5%
Equity and liabilities €1.75M
Equity
€563k▲ 6.2%
Debt
€1.19M▼ 6.4%
The debt ratio falls from 70.5% to 67.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€121k▼
2024 · €137k
Cash flow
€65k▼
2024 · €83k
Solvency
32.2%▲
2024 · 29.5%
Current ratio
1.69▼
2024 · 1.80
Quick ratio
0.11▼
2024 · 0.17
Debt / equity
2.11▼
2024 · 2.39
ROE
6.1%▼
2024 · 7.3%
ROA
1.9%▼
2024 · 2.1%
Interest coverage
3.28▼
2024 · 3.57
Debt
€1.19M▼
2024 · €1.27M
Debt ≤ 1 year
€892k▲
2024 · €830k
Debt > 1 year
€294k▼
2024 · €437k
Income taxes
€19k▲
2024 · €16k
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€1.80M€1.75M▼
Fixed assets21/28€303k€247k▼
Tangible fixed assets22/27€303k€247k▼
Land and buildings22€228k€214k▼
Plant, machinery and equipment23€29k€26k▼
Furniture and vehicles24€47k€7k▼
Current assets29/58€1.50M€1.50M▲
Stocks and contracts in progress3€1.36M€1.40M▲
Stocks30/36€1.36M€1.40M▲
Amounts receivable within one year40/41€54k€78k▲
Trade receivables40€54k€78k▲
Other amounts receivable41€70€0▼
Cash at bank and in hand54/58€78k€8k▼
Deferred charges and accrued income490/1€10k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.80M€1.75M▼
Equity10/15€530k€563k▲
Contributions10/11€70k€70k=
Reserves13€460k€494k▲
Tax-exempt reserves132€1k€1k=
Distributable reserves133€459k€492k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.27M€1.19M▼
Amounts payable after more than one year17€437k€294k▼
Financial debts170/4€437k€294k▼
Amounts payable within one year42/48€830k€892k▲
Current portion of amounts payable after more than one year42€101k€64k▼
Financial debts43€290k€290k=
Credit institutions430/8€290k€290k=
Trade debts44€200k€328k▲
Suppliers440/4€200k€328k▲
Advances received on contracts in progress46€13k€9k▼
Taxes, remuneration and social security45€27k€47k▲
Taxes450/3€26k€47k▲
Remuneration and social security454/9€89€121▲
Other amounts payable47/48€198k€154k▼
Accrued charges and deferred income492/3€1k€977▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€31k▼
Other operating charges640/8€7k€7k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€144k€133k▼
Operating profit (loss)9901€93k€90k▼
Financial income75/76B€0€8▲
Recurring financial income75€0€8▲
Financial charges65/66B€38k€37k▼
Recurring financial charges65€38k€37k▼
Profit (loss) for the period before taxes9903€54k€53k▼
Income taxes67/77€16k€19k▲
Profit (loss) for the period9904€39k€34k▼
Profit (loss) for the period to be appropriated9905€39k€34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€34k▼
Transfer to equity691/2€38k€33k▼
To other reserves6921€38k€33k▼
Profit to be distributed694/7€1k€1k=
Directors or managers695€1k€1k=
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (21 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €530k ▲7.6%
7 profitable years in a row build equity to €530k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €74k ▲606%
Operating result €132k, net result €74k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €11k ▼19.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 2003
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.
Doorniksestraat(Kor) 18500 KortrijkGround area
1,427 m²
Building footprint
1,427 m²
Volume, LiDAR
22,757 m³
Parcel 34353H0284/00L000, Flanders · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
BRUCARO
since 20032.126.557.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0284/00L000 | Flanders | 1,427 m² | 1 · 1,427 m² | 24.7 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 567 companies in sector 46480 we hold annual accounts for 353. 222 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2003
Fiscal year end31-12
Activities, NACEBEL
46480Wholesale trade
51474
47770Retail sale of watches and jewellery
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.