BRUDEX
ActiveSummary
The annual accounts of BRUDEX for fiscal year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €376,998 and a net result of -€559,482. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 2062 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-56
Solvency46▼-16
Growth42▼-24
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 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 1.19 against 1.65 in 2024; short-term debt: 74.8% and cash: 2.1% of total assets), and 79.2% of the assets are financed with debt.
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Signals
Seven 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
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 2025Solvency, return and age of the figures
Solvency
20.8%
Return on assets
-30.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2062 sector peers (2025).
NBB · sector comparisonPosition among 2062 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
3 d early
2023
on the day
2022
48 d early
2020
on the day
2019
72 d early
2018
on the day
← 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 17 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.9m▼ 32.0%
2024 · €4.3m
EBIT margin
-17.6%▼ 25.8pp
2024 · 8.2%
Net result
-€559,482
2024 · €228,523
Working capital
€262,414▼ 70.9%
2024 · €901,534
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
Line20202022202320242025
Turnover€4.3m▲ 1.6%€5.4m-€4.0m▼ 26.2%€4.3m▲ 9.1%€2.9m▼ 32.0%
Operating result-€380,385€249,392-€154,065▼ 38.2%€355,528▲ 131%-€515,917
Net result€32,325▼ 90.0%€148,814-€108,000▼ 27.4%€228,523▲ 112%-€559,482
EBIT margin-8.8%▼ 16.2pp4.7%-3.9%▼ 0.8pp8.2%▲ 4.3pp-17.6%▼ 25.8pp
Equity€451,143▲ 7.7%€599,958-€707,958▲ 18.0%€936,480▲ 32.3%€376,998▼ 59.7%
Total assets€2.6m▼ 9.3%€2.2m-€2.4m▲ 7.0%€2.5m▲ 5.1%€1.8m▼ 28.3%
Debt€2.1m▼ 9.4%€1.6m-€1.7m▲ 3.0%€1.5m▼ 14.0%€1.4m▼ 5.0%
Working capital€255,962▲ 28.0%€471,577-€554,725▲ 17.6%€901,534▲ 62.5%€262,414▼ 70.9%
Staff (FTE)9.7▼ 12.6%9.4-9.3▼ 1.1%11.3▲ 21.5%11▼ 2.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €515,917 after €355,528 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€193,753 ▼ 15.0%
Current assets
€1.6m ▼ 29.6%
Equity and liabilities €1.8m
Equity
€376,998 ▼ 59.7%
Provisions
€49,460 ▼ 62.4%
Debt
€1.4m ▼ 5.0%
Debt's share of the balance-sheet total rises from 57.7% to 76.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€480,382▼
2024 · €382,409
Cash flow
-€523,947▼
2024 · €255,404
Current ratio
1.19▼
2024 · 1.65
Debt to equity
3.67▲
2024 · 1.56
ROE
-148.4%▼
2024 · 24.4%
ROA
-30.9%▼
2024 · 9.0%
Interest coverage
-17.26▼
2024 · 3.21
Debt ≤ 1 year
€1.4m▼
2024 · €1.4m
Debt > 1 year
€29,708▼
2024 · €61,362
Income taxes
€1,885▲
2024 · €1,405
Staff costs
€560,907▲
2024 · €504,816
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 308 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
88%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 308 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 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €5.5m | €4.0m | €4.4m | €2.9m | ▼ 33.6% |
| Turnover70 | €4.3m | €5.4m | €4.0m | €4.3m | €2.9m | ▼ 32.0% |
| Other operating income74 | - | €120,827 | €2,324 | €120,445 | €10,530 | ▼ 91.3% |
| Operating charges60/66A | - | €5.2m | €3.8m | €4.1m | €3.5m | ▼ 15.2% |
| Goods for resale, raw materials and consumables60 | - | €3.6m | €3.0m | €3.0m | €2.5m | ▼ 18.9% |
| Purchases600/8 | - | €3.6m | €3.0m | €3.0m | €2.5m | ▼ 17.9% |
| Change in stocks: decrease (increase)609 | - | -€12,153 | -€25,093 | €37,246 | - | - |
| Services and other goods61 | - | €698,617 | €376,205 | €392,843 | €480,913 | ▲ 22.4% |
| Remuneration, social security and pensions62 | - | €853,362 | €432,179 | €504,816 | €560,907 | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119,516 | €85,525 | €7,804 | €26,881 | €35,535 | ▲ 32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€12,156 | - | -€27,768 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€12,335 | - | €131,630 | -€82,170 | ▼ 162% |
| Other operating charges640/8 | - | €6,372 | €8,687 | €29,023 | €14,221 | ▼ 51.0% |
| Operating profit (loss)9901 | -€380,385 | €249,392 | €154,065 | €355,528 | -€515,917 | ▼ 245% |
| Financial income75/76B | - | €1,294 | €81 | €2,053 | €4,506 | ▲ 119% |
| Recurring financial income75 | €68,716 | €1,294 | €81 | €2,053 | €4,506 | ▲ 119% |
| Income from financial fixed assets750 | - | - | €9 | €1,186 | €4,267 | ▲ 260% |
| Income from current assets751 | - | - | - | €193 | - | - |
| Other financial income752/9 | - | €1,294 | €73 | €674 | €239 | ▼ 64.6% |
| Financial charges65/66B | - | €98,693 | €46,130 | €127,653 | €46,187 | ▼ 63.8% |
| Recurring financial charges65 | €42,865 | €86,358 | €46,130 | €127,653 | €46,187 | ▼ 63.8% |
| Debt charges650 | €33,723 | €68,094 | €35,210 | €119,242 | €27,833 | ▼ 76.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €0 | - | - | - | - |
| Other financial charges652/9 | - | €18,265 | €10,920 | €8,411 | €18,354 | ▲ 118% |
| Non-recurring financial charges66B | - | €12,335 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €32,960 | €151,992 | €108,017 | €229,928 | -€557,597 | ▼ 343% |
| Income taxes67/77 | €635 | €3,178 | €17 | €1,405 | €1,885 | ▲ 34.1% |
| Taxes670/3 | - | €3,178 | €17 | €1,405 | €1,885 | ▲ 34.1% |
| Profit (loss) for the period9904 | €32,325 | €148,814 | €108,000 | €228,523 | -€559,482 | ▼ 345% |
| Profit (loss) for the period to be appropriated9905 | €32,325 | €148,814 | €108,000 | €228,523 | -€559,482 | ▼ 345% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.2m | €2.4m | €2.5m | €1.8m | ▼ 28.3% |
| Formation expenses20 | €68,009 | - | - | - | - | - |
| Fixed assets21/28 | €139,507 | €128,381 | €153,233 | €227,938 | €193,753 | ▼ 15.0% |
| Tangible fixed assets22/27 | €26,722 | €15,595 | €29,998 | €104,703 | €70,517 | ▼ 32.6% |
| Plant, machinery and equipment23 | - | €1,465 | €4,590 | €3,150 | €3,250 | ▲ 3.2% |
| Furniture and vehicles24 | - | €5,198 | €17,905 | €21,841 | €11,389 | ▼ 47.9% |
| Leasing and similar rights25 | - | - | - | €73,638 | €51,231 | ▼ 30.4% |
| Other tangible fixed assets26 | - | €8,932 | €7,503 | €6,074 | €4,648 | ▼ 23.5% |
| Financial fixed assets28 | €112,785 | €112,785 | €123,235 | €123,235 | €123,235 | = |
| Other financial fixed assets284/8 | - | €112,785 | €123,235 | €123,235 | €123,235 | = |
| Amounts receivable and cash guarantees285/8 | - | €112,785 | €123,235 | €123,235 | €123,235 | = |
| Current assets29/58 | €2.3m | €2.1m | €2.2m | €2.3m | €1.6m | ▼ 29.6% |
| Stocks and contracts in progress3 | - | €12,153 | €37,246 | - | - | - |
| Stocks30/36 | - | €12,153 | €37,246 | - | - | - |
| Goods purchased for resale34 | - | €12,153 | €37,246 | - | - | - |
| Amounts receivable within one year40/41 | €1.9m | €1.6m | €1.8m | €2.1m | €1.4m | ▼ 34.6% |
| Trade receivables40 | - | €1.6m | €1.8m | €2.1m | €1.3m | ▼ 34.6% |
| Other amounts receivable41 | - | €963 | €24,456 | €7,313 | €6,555 | ▼ 10.4% |
| Cash at bank and in hand54/58 | €125,621 | €263,144 | €121,252 | €121,050 | €38,526 | ▼ 68.2% |
| Deferred charges and accrued income490/1 | - | €246,392 | €255,013 | €112,486 | €228,052 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.2m | €2.4m | €2.5m | €1.8m | ▼ 28.3% |
| Equity10/15 | €451,143 | €599,958 | €707,958 | €936,480 | €376,998 | ▼ 59.7% |
| Contributions10/11 | €149,284 | €149,284 | €149,284 | €149,284 | €149,284 | = |
| Capital10 | - | €149,284 | €149,284 | €149,284 | €149,284 | = |
| Issued capital100 | - | €149,284 | €149,284 | €149,284 | €149,284 | = |
| Reserves13 | €14,928 | €14,928 | €14,928 | €14,928 | €14,928 | = |
| Non-distributable reserves130/1 | - | €14,928 | €14,928 | €14,928 | €14,928 | = |
| Legal reserve130 | - | €14,928 | €14,928 | €14,928 | €14,928 | = |
| Profit (loss) carried forward14 | €286,931 | €435,745 | €543,746 | €772,268 | €212,786 | ▼ 72.4% |
| Provisions and deferred taxes16 | €12,335 | - | - | €131,630 | €49,460 | ▼ 62.4% |
| Provisions for liabilities and charges160/5 | - | - | - | €131,630 | €49,460 | ▼ 62.4% |
| Other liabilities and charges164/5 | - | - | - | €131,630 | €49,460 | ▼ 62.4% |
| Amounts payable17/49 | €2.1m | €1.6m | €1.7m | €1.5m | €1.4m | ▼ 5.0% |
| Amounts payable after more than one year17 | - | - | - | €61,362 | €29,708 | ▼ 51.6% |
| Financial debts170/4 | - | - | - | €61,362 | €29,708 | ▼ 51.6% |
| Leasing and similar obligations172 | - | - | - | €61,362 | €29,708 | ▼ 51.6% |
| Amounts payable within one year42/48 | €2.1m | €1.6m | €1.7m | €1.4m | €1.4m | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,737 | €25,640 | ▲ 101% |
| Financial debts43 | - | €600,000 | €550,000 | €250,000 | €250,000 | = |
| Credit institutions430/8 | - | €600,000 | €550,000 | €250,000 | €250,000 | = |
| Trade debts44 | €1.3m | €841,843 | €991,750 | €974,492 | €844,709 | ▼ 13.3% |
| Suppliers440/4 | - | €841,843 | €991,750 | €974,492 | €844,709 | ▼ 13.3% |
| Taxes, remuneration and social security45 | - | €203,661 | €151,049 | €158,630 | €232,762 | ▲ 46.7% |
| Taxes450/3 | - | €93,385 | €51,662 | €112,552 | €141,278 | ▲ 25.5% |
| Remuneration and social security454/9 | - | €110,276 | €99,387 | €46,078 | €91,484 | ▲ 98.5% |
| Other amounts payable47/48 | - | €37 | €2,105 | €106 | €1,869 | ▲ 1,662% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,325 | €148,814 | €108,000 | €228,523 | -€559,482 | ▼ 345% |
| + Depreciation and write-downs630 | €119,516 | €85,525 | €7,804 | €26,881 | €35,535 | ▲ 32.2% |
| Operating cash flow (approximation) | €151,841 | €234,339 | €115,805 | €255,404 | -€523,947 | ▼ 305% |
| Investment in fixed assets (approximation) | - | - | -€32,657 | -€101,586 | -€1,349 | ▲ 98.7% |
| Change in cash | - | - | -€141,892 | -€201 | -€82,525 | ▼ 40,857% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet -€559,482
Net result drops to -€559,482, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Equity above €500,000Eq €599,958 ▲33%
3 profitable years in a row build equity to €599,958.
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €324,584
Net result €324,584 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €418,818 ▲344%
Equity rises from €94,234 to €418,818.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 32 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
2015
28-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Anderlecht · 1 establishment unit since 1989
Ground area
3.8 ha
Building footprint
1,578 m²
Volume, LiDAR
29,040 m³
Parcel 21306C0030/00V000, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
107
companies at this address
See who is registered here
1 establishment unit
BRUDEX
since 19892.042.138.228
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 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.
Structure & network
Owners and holdings
1 ownerChain of control
- CAMSOFI
- BRUDEX
Highest known parent: CAMSOFI. The sources do not say who stands above it.
Owners 1
- CAMSOFIparentSourceaccounts CAMSOFI 202499.94%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
6 categoriesBRUDEX SA23873
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 446 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-01-1989
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43320Joinery installation
43990Other specialised construction activities
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436557309
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.