Brumarco
ActiveSummary
Brumarco has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €94,667. Equity is growing by ~5.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+9
Solvency77▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.14 in 2024; short-term debt: 23.8% and cash: 4.7% of total assets), and 48.4% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.6%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 25-02-2026, 156 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
156 d early
2024
120 d early
2023
134 d early
2022
132 d early
2021
135 d early
2020
4 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 98 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.4m▲ 9.1%
2024 · €1.3m
Total assets
€2.7m▲ 0.1%
2024 · €2.7m
Net result
€94,667▲ 32.0%
2024 · €71,724
Working capital
-€497,106▲ 11.7%
2024 · -€562,990
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
Line20212022202320242025
Operating result€146,205▲ 18.1%€96,700▼ 33.9%€122,324▲ 26.5%€143,357▲ 17.2%€172,747▲ 20.5%
Net result€88,303▲ 34.7%€52,061▼ 41.0%€60,324▲ 15.9%€71,724▲ 18.9%€94,667▲ 32.0%
Equity€1.1m▲ 8.4%€1.2m▲ 4.5%€1.2m▲ 5.0%€1.3m▲ 5.7%€1.4m▲ 9.1%
Total assets€2.3m▼ 1.4%€2.7m▲ 18.5%€2.8m▲ 2.5%€2.7m▼ 2.1%€2.7m▲ 0.1%
Debt€981,855▼ 9.0%€1.4m▲ 42.6%€1.4m▲ 2.9%€1.4m▼ 5.8%€1.3m▼ 6.6%
Working capital-€369,217▼ 195%-€429,745▼ 16.4%-€531,477▼ 23.7%-€562,990▼ 5.9%-€497,106▲ 11.7%
Staff (FTE)
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 three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.6m ▼ 2.5%
Current assets
€156,952 ▲ 77.1%
Equity and liabilities €2.7m
Equity
€1.4m ▲ 9.1%
Provisions
€63,986 ▼ 29.4%
Debt
€1.3m ▼ 6.6%
Debt's share of the balance-sheet total falls from 49.4% to 46.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€319,039▲
2024 · €290,116
Cash flow
€240,959▲
2024 · €218,482
Current ratio
0.24▲
2024 · 0.14
Debt to equity
0.89▼
2024 · 1.05
ROE
6.7%▲
2024 · 5.5%
ROA
3.4%▲
2024 · 2.6%
Interest coverage
6.18▲
2024 · 5.05
Debt ≤ 1 year
€654,058▲
2024 · €651,608
Debt > 1 year
€566,607▼
2024 · €655,895
Income taxes
€29,411▲
2024 · €17,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €23,784 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117,369 | €135,921 | €130,578 | €146,759 | €146,292 | ▼ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,000 | €6,232 | -€11,232 | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€40,000 | -€30,000 | -€45,000 | -€25,000 | ▲ 44.4% |
| Other operating charges640/8 | - | €34,015 | €39,696 | €47,690 | €42,453 | ▼ 11.0% |
| Gross operating margin9900 | €276,472 | €231,636 | €268,829 | €281,574 | €336,492 | ▲ 19.5% |
| Operating profit (loss)9901 | €146,205 | €96,700 | €122,324 | €143,357 | €172,747 | ▲ 20.5% |
| Financial income75/76B | - | €762 | €171 | €1,995 | €1,377 | ▼ 30.9% |
| Recurring financial income75 | €0 | €762 | €171 | €1,995 | €1,377 | ▼ 30.9% |
| Financial charges65/66B | - | €35,382 | €46,371 | €57,433 | €51,648 | ▼ 10.1% |
| Recurring financial charges65 | €26,685 | €35,382 | €46,371 | €57,433 | €51,648 | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €119,520 | €62,080 | €76,124 | €87,919 | €122,476 | ▲ 39.3% |
| Transfer from deferred taxes780 | - | €1,602 | €1,602 | €1,602 | €1,602 | = |
| Income taxes67/77 | €32,820 | €11,621 | €17,402 | €17,798 | €29,411 | ▲ 65.3% |
| Profit (loss) for the period9904 | €88,303 | €52,061 | €60,324 | €71,724 | €94,667 | ▲ 32.0% |
| Transfer from tax-exempt reserves789 | - | €4,807 | €4,807 | €4,807 | €4,807 | = |
| Profit (loss) for the period to be appropriated9905 | €93,110 | €56,869 | €65,132 | €76,531 | €99,474 | ▲ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.7m | €2.8m | €2.7m | €2.7m | ▲ 0.1% |
| Fixed assets21/28 | €2.1m | €2.5m | €2.7m | €2.7m | €2.6m | ▼ 2.5% |
| Tangible fixed assets22/27 | €2.1m | €2.5m | €2.7m | €2.7m | €2.6m | ▼ 2.5% |
| Land and buildings22 | - | €2.5m | €2.6m | €2.6m | €2.6m | ▼ 2.3% |
| Furniture and vehicles24 | - | €9,408 | €6,582 | €3,755 | €1,521 | ▼ 59.5% |
| Other tangible fixed assets26 | - | €38,109 | €34,165 | €30,221 | €26,278 | ▼ 13.0% |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €3,129 | €3,129 | €3,129 | €3,129 | €3,129 | = |
| Current assets29/58 | €257,803 | €209,561 | €116,181 | €88,618 | €156,952 | ▲ 77.1% |
| Amounts receivable within one year40/41 | €18,216 | €20,725 | €9,111 | €18,966 | €20,391 | ▲ 7.5% |
| Trade receivables40 | - | €1,009 | €0 | - | - | - |
| Other amounts receivable41 | - | €19,716 | €9,111 | €18,966 | €20,391 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €233,141 | €181,206 | €98,725 | €62,154 | €129,320 | ▲ 108% |
| Deferred charges and accrued income490/1 | - | €7,630 | €8,345 | €7,497 | €7,241 | ▼ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.7m | €2.8m | €2.7m | €2.7m | ▲ 0.1% |
| Equity10/15 | €1.1m | €1.2m | €1.2m | €1.3m | €1.4m | ▲ 9.1% |
| Contributions10/11 | - | €46,467 | €46,467 | €46,467 | €46,467 | = |
| Revaluation surpluses12 | - | €10,386 | €10,386 | €10,386 | €10,386 | = |
| Reserves13 | €1.1m | €1.1m | €1.2m | €1.2m | €1.3m | ▲ 7.6% |
| Non-distributable reserves130/1 | - | €8,426 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €8,426 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €101,379 | €96,572 | €91,765 | €86,957 | ▼ 5.2% |
| Distributable reserves133 | - | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 8.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Investment grants15 | - | - | - | - | €23,823 | - |
| Provisions and deferred taxes16 | €210,395 | €168,793 | €137,191 | €90,588 | €63,986 | ▼ 29.4% |
| Provisions for liabilities and charges160/5 | - | €135,000 | €105,000 | €60,000 | €35,000 | ▼ 41.7% |
| Major repairs and maintenance162 | - | €135,000 | €105,000 | €60,000 | €35,000 | ▼ 41.7% |
| Deferred taxes168 | - | €33,793 | €32,191 | €30,588 | €28,986 | ▼ 5.2% |
| Amounts payable17/49 | €981,855 | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 6.6% |
| Amounts payable after more than one year17 | €330,356 | €732,560 | €754,827 | €655,895 | €566,607 | ▼ 13.6% |
| Financial debts170/4 | - | €730,849 | €753,117 | €654,185 | €564,897 | ▼ 13.6% |
| Other amounts payable178/9 | - | €1,710 | €1,710 | €1,710 | €1,710 | = |
| Amounts payable within one year42/48 | €627,020 | €639,306 | €647,658 | €651,608 | €654,058 | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | €114,880 | €108,260 | €98,932 | €89,288 | ▼ 9.7% |
| Trade debts44 | €11,090 | €5,992 | €6,696 | €9,152 | €8,422 | ▼ 8.0% |
| Suppliers440/4 | - | €5,992 | €6,696 | €9,152 | €8,422 | ▼ 8.0% |
| Taxes, remuneration and social security45 | - | €10,298 | €18,049 | €20,588 | €24,022 | ▲ 16.7% |
| Taxes450/3 | - | €10,298 | €18,049 | €20,588 | €24,022 | ▲ 16.7% |
| Other amounts payable47/48 | - | €508,137 | €514,652 | €522,936 | €532,326 | ▲ 1.8% |
| Accrued charges and deferred income492/3 | - | €28,110 | €37,946 | €49,575 | €46,223 | ▼ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,303 | €52,061 | €60,324 | €71,724 | €94,667 | ▲ 32.0% |
| + Depreciation and write-downs630 | €117,369 | €135,921 | €130,578 | €146,759 | €146,292 | ▼ 0.3% |
| Operating cash flow (approximation) | €205,671 | €187,983 | €190,902 | €218,482 | €240,959 | ▲ 10.3% |
| Investment in fixed assets (approximation) | - | -€611,144 | -€291,469 | -€114,372 | -€79,655 | ▲ 30.4% |
| Change in cash | - | -€51,936 | -€82,481 | -€36,570 | €67,165 | ▲ 284% |
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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €94,667 ▲32%
Operating result €172,747, net result €94,667, both a record.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1mEq €1.0m ▲6.6%
2 profitable years in a row build equity to €1.0m.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €29,600
Net result €29,600 after one loss-making year.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
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, Kuurne · 1 establishment unit since 2018
Ground area
1,725 m²
Building footprint
266 m²
Volume, LiDAR
845 m³
Parcel 34023B0718/00D007, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brumarco
since 20182.278.251.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0718/00D007 | Flanders | 1,725 m² | 1 · 266 m² | 5.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 47,217 EUR awarded · 25,200 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 22,017 EUR | 25,200 EUR |
| 2022 | 1 | 25,200 EUR | 0 EUR |
Identification & contact
Identification
Legal formPrivate limited company
Founded23-07-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700335545
Registered
30-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.