BRUGES BREWERIES
Open bankruptcyA bankruptcy procedure is open for BRUGES BREWERIES according to publications in the Belgian State Gazette; curator: DIETER DE FAUW.
Summary
The 2024 annual accounts show negative equity (€-7k) and a net result of €36k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 15865 sector peers (2024).
NBB · sector comparisonPosition among 15865 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
435 d late
2022
79 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-7k▲ 83.1%
2023 · €-43k
2022: €-45klowest in 3 years
2023: €-43k▲ +3.4% vs 2022
2024: €-7k▲ +83.1% vs 2023highest in 3 years
2022 → 2024
Total assets
€47k▲ 1,184,692%
2023 · €4
2022: €293
2023: €4▼ -98.7% vs 2022lowest in 3 years
2024: €47k▲ +1184692% vs 2023highest in 3 years
2022 → 2024
Net result
€36k▲ 2,253%
2023 · €2k
2022: €-47klowest in 3 years
2023: €2k▲ +103% vs 2022
2024: €36k▲ +2253% vs 2023highest in 3 years
2022 → 2024
Working capital
€-7k▲ 83.1%
2023 · €-43k
2022: €-44klowest in 3 years
2023: €-43k▲ +0.6% vs 2022
2024: €-7k▲ +83.1% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-45k-€-43k▲ 3.4%€-7k▲ 83.1%
2022: €-45klowest in 3 years
2023: €-43k▲ +3.4% vs 2022
2024: €-7k▲ +83.1% vs 2023highest in 3 years
Operating result€-47k-€2k€36k▲ 2,176%
2022: €-47klowest in 3 years
2023: €2k▲ +103% vs 2022
2024: €36k▲ +2176% vs 2023highest in 3 years
Net result€-47k-€2k€36k▲ 2,253%
2022: €-47klowest in 3 years
2023: €2k▲ +103% vs 2022
2024: €36k▲ +2253% vs 2023highest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 2,176% above 2023 and is the highest result in the available series.
Key figures and ratios
Solvency
-15.8%
Current ratio
0.86
Debt to equity
-7.34
ROA
77.3%
Debt
€54k▲
2023 · €43k
Debt ≤ 1 year
€54k▲
2023 · €43k
Staff costs
€32k▼
2023 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4€47k▲
Current assets29/58€4€47k▲
Amounts receivable within one year40/41-€44k
Trade receivables40-€39k
Other amounts receivable41-€5k
Cash at bank and in hand54/58€4€3k▲
Equity and liabilities
Total equity and liabilities10/49€4€47k▲
Equity10/15€-43k€-7k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-45k€-9k▲
Amounts payable17/49€43k€54k▲
Amounts payable within one year42/48€43k€54k▲
Trade debts44€27k€25k▼
Suppliers440/4€27k€25k▼
Advances received on contracts in progress46€4k€0▼
Taxes, remuneration and social security45€2k€11k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€0€2k▲
Other amounts payable47/48€10k€18k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A-€24
Remuneration, social security and pensions62€37k€32k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€982€1k▲
Gross operating margin9900€39k€70k▲
Operating profit (loss)9901€2k€36k▲
Financial charges65/66B€58€142▲
Recurring financial charges65€58€142▲
Profit (loss) for the period before taxes9903€2k€36k▲
Profit (loss) for the period9904€2k€36k▲
Profit (loss) for the period to be appropriated9905€2k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-9k▲
Profit (loss) brought forward from the previous period14P€-47k€-45k▲
Social balance
Average headcount (FTE)90870.6-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €24 | - |
| Remuneration, social security and pensions62 | €60k | €37k | €32k | ▼ 12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €0 | - | - |
| Other operating charges640/8 | €362 | €982 | €1k | ▲ 17.1% |
| Gross operating margin9900 | €14k | €39k | €70k | ▲ 76.7% |
| Operating profit (loss)9901 | €-47k | €2k | €36k | ▲ 2,176% |
| Financial charges65/66B | €98 | €58 | €142 | ▲ 146% |
| Recurring financial charges65 | €98 | €58 | €142 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €-47k | €2k | €36k | ▲ 2,253% |
| Profit (loss) for the period9904 | €-47k | €2k | €36k | ▲ 2,253% |
| Profit (loss) for the period to be appropriated9905 | €-47k | €2k | €36k | ▲ 2,253% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €293 | €4 | €47k | ▲ 1,184,692% |
| Current assets29/58 | €293 | €4 | €47k | ▲ 1,184,692% |
| Amounts receivable within one year40/41 | - | - | €44k | - |
| Trade receivables40 | - | - | €39k | - |
| Other amounts receivable41 | - | - | €5k | - |
| Cash at bank and in hand54/58 | €293 | €4 | €3k | ▲ 66,880% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €293 | €4 | €47k | ▲ 1,184,692% |
| Equity10/15 | €-45k | €-43k | €-7k | ▲ 83.1% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-47k | €-45k | €-9k | ▲ 79.4% |
| Amounts payable17/49 | €45k | €43k | €54k | ▲ 24.4% |
| Amounts payable within one year42/48 | €44k | €43k | €54k | ▲ 24.4% |
| Trade debts44 | €7k | €27k | €25k | ▼ 5.4% |
| Suppliers440/4 | €7k | €27k | €25k | ▼ 5.4% |
| Advances received on contracts in progress46 | €20k | €4k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €16k | €2k | €11k | ▲ 349% |
| Taxes450/3 | €4k | €2k | €9k | ▲ 275% |
| Remuneration and social security454/9 | €13k | €0 | €2k | - |
| Other amounts payable47/48 | - | €10k | €18k | ▲ 75.9% |
| Accrued charges and deferred income492/3 | €1k | €0 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-47k | €2k | €36k | ▲ 2,253% |
| + Depreciation and write-downs630 | €1k | €0 | - | - |
| Operating cash flow (approximation) | €-46k | €2k | €36k | ▲ 2,253% |
| Change in cash | - | €-289 | €3k | ▲ 1,008% |
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
2026
04-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 27-08-2026
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 435 days late
2024
31-12
Financial
Highest result since 2022net €36k ▲2,253%
Operating result €36k, net result €36k, both a record.
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 79 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge
Ground area
214 m²
Building footprint
195 m²
Volume, LiDAR
1,934 m³
Parcel 31803C1320/00D000, Flanders · tallest building 18.6 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C1320/00D000 | Flanders | 214 m² | 1 · 195 m² | 18.6 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DIETER DE FAUW KOUDE KEUKENSTRAAT 13,
8200 02 BRUGGE (SINT-ANDRIES) |
27-08-2026 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,049 companies in sector 46341 we hold annual accounts for 535. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.