BRUCLIM
ActiveSummary
BRUCLIM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,672 and a net result of €30,325. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.54 against 2.71 in 2024; short-term debt: 21.5% and cash: 90.5% of total assets), and 21.5% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
78.5%
Return on assets
26.3%
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 €90,672
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
25 d late
2023
27 d late
2022
10 d late
2021
31 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€11,250▼ 79.4%
2018 · €54,666
EBIT margin
-5.1%▼ 1.6pp
2018 · -3.5%
Net result
€30,325▼ 23.8%
2024 · €39,775
Working capital
€87,792▲ 45.5%
2024 · €60,347
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€8,388▼ 452%-€16,444▼ 96.0%€40,373€53,005▲ 31.3%€38,416▼ 27.5%
Net result-€8,522below the sector's middle half▼ 305%-€16,552below the sector's middle half▼ 94.2%€31,785above the sector's middle half€39,775above the sector's middle half▲ 25.1%€30,325above the sector's middle half▼ 23.8%
EBIT margin
Equity€15,828below the sector's middle half▼ 35.0%-€723below the sector's middle half€26,062within the sector's middle half€60,347within the sector's middle half▲ 132%€90,672within the sector's middle half▲ 50.3%
Total assets€19,508below the sector's middle half▼ 29.0%€77below the sector's middle half▼ 99.6%€63,923below the sector's middle half▲ 82,562%€95,595within the sector's middle half▲ 49.5%€115,451within the sector's middle half▲ 20.8%
Debt€3,680▲ 17.6%€801▼ 78.2%€37,861▲ 4,628%€35,248▼ 6.9%€24,780▼ 29.7%
Working capital€15,364within the sector's middle half▼ 35.7%-€723below the sector's middle half€26,062within the sector's middle half€60,347within the sector's middle half▲ 132%€87,792within the sector's middle half▲ 45.5%
Solvency81.1%above the sector's middle half▼ 7.5pp40.8%within the sector's middle half63.1%within the sector's middle half▲ 22.4pp78.5%above the sector's middle half▲ 15.4pp
Current ratio5.18above the sector's middle half▼ 3.461.69within the sector's middle half2.71within the sector's middle half▲ 1.024.54above the sector's middle half▲ 1.83
Return on assets (ROA)-43.7%below the sector's middle half▼ 36.0pp49.7%above the sector's middle half41.6%above the sector's middle half▼ 8.1pp26.3%above the sector's middle half▼ 15.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,451
Fixed assets
€2,880
Current assets
€112,571
Equity and liabilities €115,451
Equity
€90,672 ▲ 50.3%
Debt
€24,780 ▼ 29.7%
Debt's share of the balance-sheet total falls from 36.9% to 21.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,456
Cash flow
€30,365
Debt to equity
0.27▼
2024 · 0.58
ROE
33.4%▼
2024 · 65.9%
Interest coverage
151.89
Debt ≤ 1 year
€24,780▼
2024 · €35,248
Income taxes
€7,838▼
2024 · €12,919
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €40 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,000 | - | - | - | - | - |
| Other operating charges640/8 | - | €26 | €1,063 | €648 | €665 | ▲ 2.7% |
| Non-recurring operating charges66A | - | €15,000 | - | - | - | - |
| Gross operating margin9900 | -€388 | -€1,418 | €41,436 | €53,653 | €39,122 | ▼ 27.1% |
| Operating profit (loss)9901 | -€8,388 | -€16,444 | €40,373 | €53,005 | €38,416 | ▼ 27.5% |
| Financial income75/76B | - | - | €50 | €15 | - | - |
| Recurring financial income75 | - | - | €50 | €15 | - | - |
| Financial charges65/66B | €133 | €108 | €664 | €327 | €253 | ▼ 22.6% |
| Recurring financial charges65 | €133 | €108 | €664 | €327 | €253 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | -€8,522 | -€16,552 | €39,758 | €52,694 | €38,163 | ▼ 27.6% |
| Income taxes67/77 | - | - | €7,973 | €12,919 | €7,838 | ▼ 39.3% |
| Profit (loss) for the period9904 | -€8,522 | -€16,552 | €31,785 | €39,775 | €30,325 | ▼ 23.8% |
| Profit (loss) for the period to be appropriated9905 | -€8,522 | -€16,552 | €31,785 | €39,775 | €30,325 | ▼ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,508 | €77 | €63,923 | €95,595 | €115,451 | ▲ 20.8% |
| Fixed assets21/28 | €464 | - | - | - | €2,880 | - |
| Tangible fixed assets22/27 | - | - | - | - | €2,880 | - |
| Furniture and vehicles24 | - | - | - | - | €2,880 | - |
| Financial fixed assets28 | €464 | - | - | - | - | - |
| Current assets29/58 | €19,044 | €77 | €63,923 | €95,595 | €112,571 | ▲ 17.8% |
| Amounts receivable within one year40/41 | €3,511 | - | €14,254 | €16,644 | €7,923 | ▼ 52.4% |
| Trade receivables40 | €3,443 | - | €13,545 | €15,300 | €5,750 | ▼ 62.4% |
| Other amounts receivable41 | €68 | - | €708 | €1,343 | €2,173 | ▲ 61.8% |
| Cash at bank and in hand54/58 | €533 | €77 | €48,953 | €78,887 | €104,482 | ▲ 32.4% |
| Deferred charges and accrued income490/1 | €15,000 | - | €716 | €64 | €166 | ▲ 158% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,508 | €77 | €63,923 | €95,595 | €115,451 | ▲ 20.8% |
| Equity10/15 | €15,828 | -€723 | €26,062 | €60,347 | €90,672 | ▲ 50.3% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | €19,000 | - | - | - | - | - |
| Issued capital100 | €19,000 | - | - | - | - | - |
| Reserves13 | €135,416 | €135,416 | €7,000 | €39,727 | €39,727 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Legal reserve130 | €1,900 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,900 | - | - | - | - |
| Tax-exempt reserves132 | - | €133,516 | - | - | - | - |
| Distributable reserves133 | €133,516 | - | €7,000 | €39,727 | €39,727 | = |
| Profit (loss) carried forward14 | -€138,587 | -€155,139 | €62 | €1,620 | €31,945 | ▲ 1,872% |
| Amounts payable17/49 | €3,680 | €801 | €37,861 | €35,248 | €24,780 | ▼ 29.7% |
| Amounts payable within one year42/48 | €3,680 | €801 | €37,861 | €35,248 | €24,780 | ▼ 29.7% |
| Trade debts44 | - | - | €1,134 | €936 | €4,096 | ▲ 337% |
| Suppliers440/4 | - | - | €1,134 | €936 | €4,096 | ▲ 337% |
| Advances received on contracts in progress46 | - | - | - | €12,689 | €1,553 | ▼ 87.8% |
| Taxes, remuneration and social security45 | - | - | €8,954 | €3,374 | €9,884 | ▲ 193% |
| Taxes450/3 | - | - | €6,794 | €3,374 | €3,404 | ▲ 0.9% |
| Remuneration and social security454/9 | - | - | €2,160 | - | €6,480 | - |
| Other amounts payable47/48 | €3,680 | €801 | €27,772 | €18,249 | €9,246 | ▼ 49.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,522 | -€16,552 | €31,785 | €39,775 | €30,325 | ▼ 23.8% |
| + Depreciation and write-downs630 | - | - | - | - | €40 | - |
| Operating cash flow (approximation) | -€8,522 | -€16,552 | €31,785 | €39,775 | €30,365 | ▼ 23.7% |
| Change in cash | - | -€455 | €48,876 | €29,934 | €25,595 | ▼ 14.5% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €39,775 ▲25.1%
Operating result €53,005, net result €39,775, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €31,785
Net result €31,785 after 5 loss-making years.
31-12
Financial
Liquidity times 17current ratio 1.69
Current ratio from 0.10 to 1.69.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet -€16,552
Net result drops to -€16,552, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-07
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.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Ganshoren · 1 establishment unit since 2023
Ground area
176 m²
Building footprint
70 m²
Volume, LiDAR
718 m³
Parcel 21008A0141/00K002, Brussels · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BRUCLIM
since 20232.069.535.679
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0141/00K002 | Brussels | 176 m² | 1 · 70 m² | 11.5 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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DE MEUTTER CHAPEWERKEN
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Aqualining
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,250 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453975242
Also
9925:BE0453975242
Registered
28-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.