BRUFLOR · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BRUFLOR is 3.4% (moderate). The 2022 annual accounts show negative equity (€-40k) and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 2418 sector peers (fiscal year 2022). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.4% Moderate

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 756 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00440463
31-12-2021	31-07-2022	30-08-2022	30 d late	2022-20383019
31-12-2020	31-07-2021	30-08-2021	30 d late	2021-57700518
31-12-2018	31-07-2019	31-08-2019	31 d late	2019-63600118
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-59700288
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-58800240
31-12-2014	31-07-2015	28-08-2015	28 d late	2015-56600095
31-12-2013	31-07-2014	29-08-2014	29 d late	2014-56600162
31-12-2010	31-07-2011	29-11-2011	121 d late	2011-62600333

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1984, 41 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-33k-134.0%

Working capital€-106k-102.8%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~117% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-48.2%	25.2%	better than 12% of 2418 sector peers
Net result	€-33k	€4k	better than 9% of 2419 sector peers
Equity	€-40k	€21k	better than 9% of 2425 sector peers
Gross operating margin	€-30k	€18k	better than 5% of 2411 sector peers
Total assets	€83k	€105k	better than 43% of 2421 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P12

Weakening position over 2020-2022 · n=977-2418

Net result P9

Weakening position over 2020-2022 · n=974-2419

Equity P9

Weakening position over 2020-2022 · n=981-2425

Gross operating margin P5

Weakening position over 2020-2022 · n=972-2411

Describes the position versus peers, not a forecast.

EBITDA

€-31k

-269.7% 18-22

Net profit

€-33k

-134.0% 18-22

Cash flow

€-31k

-263.9% 18-22

Total assets

€83k

+77.1% 18-22

Equity

€-40k

-495.6% 18-22

Working capital

€-106k

-102.8% 18-22

Debt

€123k

+129.5% 18-22

Debt ≤ 1y

€123k

+129.5% 18-22

Show 7 other metrics

Current ratio

0.13

+694.3% 18-22

Quick ratio

0.13

+694.3% 18-22

Solvency

-48.2%

-236.4% 18-22

Debt / equity

-3.08

+61.5% 18-22

ROE

83.2%

-60.7% 18-22

ROA

-40.1%

-32.1% 18-22

Interest coverage

-179.92

-269.4% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	€-31k
Net profit	€-33k
Cash flow	€-31k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€83k
Equity	€-40k
Debt	€123k
of which ≤ 1y	€123k
of which > 1y	-
Working capital	€-106k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	0.13
Quick ratio	0.13
Working capital ratio	-128.7%
Solvency	-48.2%
Debt / equity	-3.08
Long-term debt ratio	-
Interest coverage	-179.92
Gross margin	-
Net margin	-
ROA	-40.1%
ROE	83.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €67k · 80.6% Current assets €16k · 19.5%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€83k
Fixed assets	21/28	€67k
Tangible fixed assets	22/27	€67k
Financial fixed assets	28	€36
Current assets	29/58	€16k
Amounts receivable within one year	40/41	€9k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€83k
Equity	10/15	€-40k
Contributions / capital	10/11	€27k
Reserves	13	€99
Accumulated profits (losses)	14	€-67k
Amounts payable	17/49	€123k
Amounts payable within one year	42/48	€123k
Trade debts payable within one year	44	€29k
Income statement
Gross operating margin	9900	€-30k
Operating result	9901	€-33k
Financial income	75	€37
Financial charges	65	€170
Result before taxes	9903	€-33k
Net result for the period	9904	€-33k
Result to be appropriated	9905	€-33k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

96 companies at this address See who is registered here

Establishment units

2 locations

Weidestraat 40, 1650 Beersel

de groothandel in tulpebollen

since 19852.026.191.230

BRUFLOR

Louizalaan 390, 1050 ElseneGroothandel in bloemen en planten

since 20212.349.378.996

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area2,697 m²

Buildings2

Building footprint951 m²

Volume (LiDAR)8,602 m³

Tallest building24.9 m · ±7 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23003A0130/00E000	Flanders	1,469 m²	1 · 422 m²	-
21807G0218/00E016	Brussels	1,228 m²	1 · 529 m²	24.9 m · 7 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

54 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 33

Growth 32

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 52 of the 552 companies in this sector. 26 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Groothandel in bloemen en planten46220Teelt van bloemen01191Detailhandel in bloemen, planten, zaden en kunstmeststoffen47761

Primary activity highlighted.

Names & trade names

Legal nameFR

BRUFLOR

Registered office

Louizalaan 390 bus 16

1050 Elsene, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.