Equity
€58,762 from €124,285 in 2019
Equity fell by 53% in 6 years.
BRUD
Lifetime
8 annual accounts with figures on one time axispeak €166,969 (2018)
€15,045▼ 50.3%
lowest -€139,448 (2020)
€10,252▼ 48.7%
peak €124,285 (2019)
€58,762▲ 17.3%
€34,110▼ 12.5%
Board1 name since 2021
1 directorDieter Bruneel
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €30,284 to €15,045Result from €19,994 to €10,252Dividend €1,600Equity from €50,111 to €58,762Investments €4,850
Key points
from the 2025 annual accountsInvestments
€4,850 2.8 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts 1 late
The 2018 accounts came 54 days late. The other seven were filed on time.
Checked score
95
Excellent
Financially stronger than 70% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%highest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.59, cash €42,100
Equity €58,762 (63.3% of total assets)
Figures for financial year 2025 (filed on 24-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 69% of them on solvency, 81% on liquidity, 64% on profitability and 65% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as BRUD has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BRUD itself is lower: 0.1% within 12 months. It rests on far more data about BRUD than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for BRUD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.59 (2.25 in 2024), above the usual 1.5. Short-term debt is 36.7% and cash 45.3% of total assets. 36.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
37 days early
2024
77 days early
2023
70 days early
2022
88 days early
2021
81 days early
2020
75 days early
2019
59 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 70 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0677573506
Resignation: Dieter Bruneel (director)
Reappointment: Dieter Bruneel (director) · “Vervaardiging van schrijn-en timmerwerk,montage van buiten-en binnen-schrijnwerk van hout of van…” (deed in Dutch) · Director discharge: Dieter Bruneel · General meeting of 29-12-2020 · Gazette deed
Incorporation
published on 29-06-2017 · Gazette deed
First establishment
Kortrijksestraat 147, Kortrijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRUD Kortrijk | €92,872 | €15,045 | 63.3% | - |
| JOY INTERIEUR Oostkamp | €101,544 | €15,583 | 50.8% | - |
| BIGceramiX Poperinge | €88,229 | €17,690 | 55.5% | - |
| WOOD CONSTRUCT Sint-Katelijne-Waver | €85,621 | €17,057 | 36.0% | - |
| In & Hout Lubbeek | €97,649 | €17,289 | 86.4% | - |
| DIM VIS-A-VIE PV Andenne | €97,906 | €15,252 | 18.9% | - |
| Stevo Metaal Diepenbeek | €102,469 | €13,365 | 78.4% | - |
These companies have the same main activity as BRUD: joinery installation (NACE 43320). They are comparable in size and age: total assets between €85,600 and €102,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 27-06-2017Normal situation
- Activity
- Joinery installationNACE 43320and 3 others
- Establishment unit
- 2.265.638.1068501 Kortrijk, since 27-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- ≈ €160,000estimated
- €92,872▲ 4.2%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on BRUD
BRUD files the micro format. That format states no turnover. The gross margin fell from €166,969 in 2018 to €15,045 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BRUD
- What is the company number of BRUD?
- The company number of BRUD is 0677.573.506. The VAT number is the same number with BE in front: BE 0677.573.506.
- Where is BRUD based?
- The registered office is at Kortrijksestraat 147, 8501 Kortrijk.Company details
- What does BRUD do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of BRUD?
- BRUD is a private limited company (BV).
- When was BRUD founded?
- BRUD was founded on 27-06-2017.
- Is BRUD still active?
- Yes, BRUD is an active enterprise in the KBO register.
- What is the turnover of BRUD?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €15,045 and 56 comparable companies (NACE 43320). It probably lies between €94,000 and €300,000. It is a rough estimate.Financials
- Is BRUD profitable?
- In financial year 2025, BRUD made a profit of €10,252.
- Where can I find the annual accounts of BRUD?
- BRUD filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRUD due?
- BRUD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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