BRUD
ActiveSummary
BRUD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+2
Solvency81▲+12
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.7 in 2023; short-term debt: 43.8% and cash: 55.5% of total assets), and 43.8% of the assets are financed with debt.
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Signals
Four 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 →
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 2024Solvency, return and age of the figures
Solvency
56.2%
Return on assets
22.4%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €50k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
70 d early
2022
88 d early
2021
81 d early
2020
75 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€50k▲ 58.0%
2023 · €32k
Total assets
€89k▲ 23.9%
2023 · €72k
Net result
€20k▲ 33.4%
2023 · €15k
Working capital
€49k▲ 73.8%
2023 · €28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€12k▼ 70.5%€24k▲ 103%€17k▼ 30.0%€21k▲ 23.6%€27k▲ 32.6%
Net result€-139k€19k€13k▼ 30.5%€15k▲ 14.6%€20k▲ 33.4%
Equity€-15k€4k€17k▲ 358%€32k▲ 89.6%€50k▲ 58.0%
Total assets€33k▼ 93.4%€52k▲ 58.6%€61k▲ 16.4%€72k▲ 18.5%€89k▲ 23.9%
Debt€48k▼ 87.1%€48k▲ 0.9%€44k▼ 9.4%€40k▼ 8.5%€39k▼ 2.9%
Working capital€-26k▲ 91.8%€-5k▲ 82.1%€11k€28k▲ 161%€49k▲ 73.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 33% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€1k ▼ 62.4%
Current assets
€88k ▲ 28.6%
Equity and liabilities €89k
Equity
€50k ▲ 58.0%
Debt
€39k ▼ 2.9%
Debt's share of the balance-sheet total falls from 55.9% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2023 · €23k
Cash flow
€22k▲
2023 · €17k
Current ratio
2.25▲
2023 · 1.70
Debt to equity
0.78▼
2023 · 1.27
ROE
39.9%▼
2023 · 47.2%
ROA
22.4%▲
2023 · 20.8%
Interest coverage
161.27▲
2023 · 76.33
Debt ≤ 1 year
€39k▼
2023 · €40k
Income taxes
€7k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €607 | €621 | €669 | €688 | ▲ 2.9% |
| Gross operating margin9900 | €14k | €27k | €20k | €24k | €30k | ▲ 28.6% |
| Operating profit (loss)9901 | €12k | €24k | €17k | €21k | €27k | ▲ 32.6% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | €71 | €45 | €300 | €184 | ▼ 38.8% |
| Recurring financial charges65 | €1k | €71 | €45 | €300 | €184 | ▼ 38.8% |
| Profit (loss) for the period before taxes9903 | €-137k | €24k | €17k | €20k | €27k | ▲ 33.6% |
| Income taxes67/77 | €2k | €5k | €4k | €5k | €7k | ▲ 34.2% |
| Profit (loss) for the period9904 | €-139k | €19k | €13k | €15k | €20k | ▲ 33.4% |
| Profit (loss) for the period to be appropriated9905 | €-139k | €19k | €13k | €15k | €20k | ▲ 33.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33k | €52k | €61k | €72k | €89k | ▲ 23.9% |
| Fixed assets21/28 | €11k | €8k | €6k | €4k | €1k | ▼ 62.4% |
| Tangible fixed assets22/27 | €11k | €8k | €6k | €4k | €1k | ▼ 62.4% |
| Furniture and vehicles24 | - | €8k | €6k | €4k | €1k | ▼ 62.4% |
| Current assets29/58 | €22k | €44k | €55k | €68k | €88k | ▲ 28.6% |
| Amounts receivable within one year40/41 | €9k | €4k | €12k | €18k | €38k | ▲ 110% |
| Trade receivables40 | - | €3k | €10k | €18k | €18k | ▲ 1.2% |
| Other amounts receivable41 | - | €673 | €2k | €554 | €20k | ▲ 3,583% |
| Cash at bank and in hand54/58 | €13k | €40k | €43k | €50k | €49k | ▼ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33k | €52k | €61k | €72k | €89k | ▲ 23.9% |
| Equity10/15 | €-15k | €4k | €17k | €32k | €50k | ▲ 58.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | - | - | - | €13k | €32k | ▲ 140% |
| Distributable reserves133 | - | - | - | €13k | €32k | ▲ 140% |
| Profit (loss) carried forward14 | €-34k | €-15k | €-2k | - | - | - |
| Amounts payable17/49 | €48k | €48k | €44k | €40k | €39k | ▼ 2.9% |
| Amounts payable within one year42/48 | €48k | €48k | €44k | €40k | €39k | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | €2k | €3k | €3k | €3k | ▼ 0.1% |
| Trade debts44 | €3k | €508 | €279 | - | - | - |
| Suppliers440/4 | - | €508 | €279 | - | - | - |
| Taxes, remuneration and social security45 | - | €918 | - | €305 | €2k | ▲ 596% |
| Taxes450/3 | - | €918 | - | €305 | €2k | ▲ 596% |
| Other amounts payable47/48 | - | €45k | €41k | €37k | €34k | ▼ 8.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-139k | €19k | €13k | €15k | €20k | ▲ 33.4% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €-138k | €21k | €15k | €17k | €22k | ▲ 29.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €27k | €3k | €7k | €-553 | ▼ 108% |
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
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-139k
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2017
Ground area
1,417 m²
Building footprint
96 m²
Volume, LiDAR
707 m³
Parcel 34016C0312/00D004, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BRUD
since 20172.265.638.106
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0312/00D004 | Flanders | 1,417 m² | 1 · 96 m² | 10.7 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 20,028 companies in sector 43320 we hold annual accounts for 9,135. 7,391 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
Founded27-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
63920Other information service activities
64210Activities of holding companies
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.