BRUCO SUD

Active

Public limited companyfounded 20197 yrs activeBoulevard de l'Europe(AUV) 203, 5060 Sambreville, BelgiumKBO/BCE: BE 0724.495.176

The annual accounts of BRUCO SUD for fiscal year 2024 show a net loss of 59% of the equity at the start of that year. The 2024 annual accounts show equity of €1.07M and a net result of €-1.54M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 272 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability63▼-17

Solvency31▼-7

Growth48▼-30

Track record100

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €50k at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity tight (current ratio 1.03 against 0.85 in 2023; short-term debt: 44.2% and cash: 1.3% of total assets), and 94.1% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2024

Solvency, return and age of the figures

Solvency

5.9%

Return on assets

-8.5%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 38

Relative position

BE, all sectors

reference

Sector 38

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 272 sector peers (2024).

NBB · sector comparison

Position among 272 sector peers

Solvency

better than 11%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-12-2025, 127 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

127 d late

2023

13 d late

2022

28 d late

2021

31 d late

2020

17 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€20.06M▲ 1.5%

2023 · €19.76M

2023: €19.76M

2023 → 2024

EBIT margin

-6.5%▼ 8.8pp

2023 · 2.4%

2023: 2.4%

2023 → 2024

Net result

€-1.54M

2023 · €132k

2020: €12k 2021: €962k 2022: €1,000k 2023: €132k

2020 → 2024

Working capital

€264k

2023 · €-1.18M

2020: €-1.54M 2021: €-3.73M 2022: €-741k 2023: €-1.18M

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€19.76M€20.06M▲ 1.5%

Equity€512k-€1.47M▲ 188%€2.47M▲ 67.8%€2.61M▲ 5.4%€1.07M▼ 58.9%

Operating result€139k-€1.18M▲ 744%€1.20M▲ 2.3%€465k▼ 61.3%€-1.30M

Net result€12k-€962k▲ 8,163%€1,000k▲ 3.9%€132k▼ 86.7%€-1.54M

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €1.30M after €465k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €18.16M

54.3%

45.7%

Fixed assets €9.86M▼ 24.3%

Current assets €8.30M▲ 22.3%

Equity and liabilities €18.16M

94.1%

Equity €1.07M▼ 58.9%

Debt €17.09M▼ 0.7%

The debt ratio rises from 86.8% to 94.1%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€2.70M▼

2023 · €4.22M

Cash flow

€2.46M▼

2023 · €3.89M

Solvency

5.9%▼

2023 · 13.2%

Current ratio

1.03▲

2023 · 0.85

Quick ratio

1.03▲

2023 · 0.85

Debt / equity

15.97▲

2023 · 6.60

ROE

-143.5%▼

2023 · 5.1%

ROA

-8.5%▼

2023 · 0.7%

Interest coverage

11.74▼

2023 · 18.21

Debt

€17.09M▼

2023 · €17.20M

Debt ≤ 1 year

€8.03M▲

2023 · €7.96M

Debt > 1 year

€7.61M▼

2023 · €9.24M

Income taxes

€0▼

2023 · €105k

Staff costs

€2.43M▼

2023 · €2.53M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€19.81M€18.16M▼

Fixed assets21/28€13.03M€9.86M▼

Intangible fixed assets21€42k€17k▼

Tangible fixed assets22/27€12.17M€9.03M▼

Plant, machinery and equipment23€1.73M€613k▼

Furniture and vehicles24€58k€21k▼

Leasing and similar rights25€3.00M€2.08M▼

Other tangible fixed assets26€7.38M€6.31M▼

Financial fixed assets28€818k€818k=

Other financial fixed assets284/8€818k€818k=

Amounts receivable and cash guarantees285/8€818k€818k=

Current assets29/58€6.78M€8.30M▲

Stocks and contracts in progress3€5k€44k▲

Stocks30/36€5k€44k▲

Goods purchased for resale34€5k€44k▲

Amounts receivable within one year40/41€6.42M€8.02M▲

Trade receivables40€3.03M€3.73M▲

Other amounts receivable41€3.39M€4.30M▲

Cash at bank and in hand54/58€356k€228k▼

Deferred charges and accrued income490/1€754€212▼

Equity and liabilities

Total equity and liabilities10/49€19.81M€18.16M▼

Equity10/15€2.61M€1.07M▼

Contributions10/11€500k€500k=

Capital10€500k€500k=

Issued capital100€500k€500k=

Reserves13€50k€50k=

Non-distributable reserves130/1€50k€50k=

Legal reserve130€50k€50k=

Profit (loss) carried forward14€2.06M€520k▼

Amounts payable17/49€17.20M€17.09M▼

Amounts payable after more than one year17€9.24M€7.61M▼

Financial debts170/4€9.24M€7.61M▼

Leasing and similar obligations172€2.05M€1.37M▼

Credit institutions173€7.18M€6.23M▼

Amounts payable within one year42/48€7.96M€8.03M▲

Current portion of amounts payable after more than one year42€2.39M€2.37M▼

Trade debts44€4.56M€4.31M▼

Suppliers440/4€4.56M€4.31M▼

Advances received on contracts in progress46€80k€0▼

Taxes, remuneration and social security45€353k€223k▼

Taxes450/3€80k€0▼

Remuneration and social security454/9€273k€223k▼

Other amounts payable47/48€565k€1.13M▲

Accrued charges and deferred income492/3€8k€1.45M▲

Income statement Code20232024

Operating income70/76A€19.78M€20.07M▲

Turnover70€19.76M€20.06M▲

Other operating income74€17k€15k▼

Operating charges60/66A€19.31M€21.37M▲

Goods for resale, raw materials and consumables60€7.37M€9.06M▲

Purchases600/8€7.37M€9.06M▲

Services and other goods61€5.43M€5.58M▲

Remuneration, social security and pensions62€2.53M€2.43M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.76M€4.00M▲

Other operating charges640/8€216k€304k▲

Non-recurring operating charges66A€4k€0▼

Operating profit (loss)9901€465k€-1.30M▼

Financial income75/76B€5k€2k▼

Recurring financial income75€5k€2k▼

Other financial income752/9€5k€2k▼

Financial charges65/66B€233k€236k▲

Recurring financial charges65€233k€236k▲

Debt charges650€232k€230k▼

Other financial charges652/9€1k€6k▲

Profit (loss) for the period before taxes9903€238k€-1.54M▼

Income taxes67/77€105k€0▼

Taxes670/3€105k€0▼

Profit (loss) for the period9904€132k€-1.54M▼

Profit (loss) for the period to be appropriated9905€132k€-1.54M▼

Appropriation of the result

Profit (loss) to be appropriated9906€2.06M€520k▼

Profit (loss) brought forward from the previous period14P€1.92M€2.06M▲

Social balance

Average headcount (FTE)908735.734.3▼

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

05-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 127 days late

2024

31-12

Financial Weakest financial yearnet €-1.54M ▼1259%

Net result drops to €-1.54M, the lowest in the series.

13-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 13 days late

2023

28-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 28 days late

2022

31-12

Financial Highest result since 2020net €1,000k ▲3.9%

Operating result €1.20M, net result €1,000k, both a record.

31-12

Financial Equity above €2MEq €2.47M ▲67.8%

3 profitable years in a row build equity to €2.47M.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 31 days late

2021

31-12

Financial Equity above €1MEq €1.47M ▲188%

2 profitable years in a row build equity to €1.47M.

17-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 17 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

20-12-2024 Bruco Invest SRL: Resigned as Director

20-12-2024 Eric Electeur: Resigned as Managing director

20-12-2024 Eric Electeur: Resigned as Director

23-12-2020 BRUCO: Resigned as Director

22-10-2020 EXTRAM: Resigned as Director

Location & real-estate footprint

Registered office, Sambreville · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Boulevard de l'Europe(AUV) 2035060 Sambreville

Ground area