Brunchco 21
ActiveSummary
Brunchco 21 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18.6m and a net result of €5.2m. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+27
Solvency90▲+9
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,300,000 at 30 days acceptable
Liquidity ample (current ratio 3.66 against 2.58 in 2023; short-term debt: 14.1% and cash: 20.5% of total assets), and 35.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.7%
Return on assets
18.2%
Age of the figures
21 mo
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 17-06-2026, 44 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
44 d early
2024
51 d early
2023
142 d late
2022
472 d late
2021
47 d late
2020
174 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 123 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 16 September (4 of the last 5 filed years within 98 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema, statutory accounts
Turnover
€13.0m▲ 24.7%
2023 · €10.4m
EBIT margin
45.7%▲ 6.0pp
2023 · 39.7%
Net result
€5.2m
2023 · -€6.8m
Working capital
€10.8m▲ 69.2%
2023 · €6.4m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2.3m-€4.1m▲ 75.5%€7.9m▲ 93.2%€10.4m▲ 32.9%€13.0m▲ 24.7%
Operating result-€778,100--€583,372▲ 25.0%€1.8m€4.1m▲ 136%€6.0m▲ 43.6%
Net result-€1.1mbelow the sector's middle half--€416,841below the sector's middle half▲ 62.4%€1.0mabove the sector's middle half-€6.8mbelow the sector's middle half€5.2mabove the sector's middle half
EBIT margin-33.6%--14.3%▲ 19.2pp22.4%▲ 36.7pp39.7%▲ 17.3pp45.7%▲ 6.0pp
Equity€19.2mabove the sector's middle half-€18.9mabove the sector's middle half▼ 1.3%€20.1mabove the sector's middle half▲ 6.3%€13.4mabove the sector's middle half▼ 33.6%€18.6mabove the sector's middle half▲ 39.1%
Total assets€30.6mabove the sector's middle half-€24.8mabove the sector's middle half▼ 18.9%€31.9mabove the sector's middle half▲ 28.7%€23.8mabove the sector's middle half▼ 25.5%€28.7mabove the sector's middle half▲ 20.9%
Debt€11.4m-€5.9m▼ 48.5%€11.8m▲ 101%€10.4m▼ 11.7%€10.2m▼ 2.5%
Working capital€12.5mabove the sector's middle half-€3.1mabove the sector's middle half▼ 75.5%€6.6mabove the sector's middle half▲ 114%€6.4mabove the sector's middle half▼ 3.1%€10.8mabove the sector's middle half▲ 69.2%
Solvency62.7%within the sector's middle half-76.3%above the sector's middle half▲ 13.6pp63.0%within the sector's middle half▼ 13.3pp56.2%within the sector's middle half▼ 6.9pp64.7%within the sector's middle half▲ 8.5pp
Current ratio10.30above the sector's middle half-3.67above the sector's middle half▼ 6.642.95within the sector's middle half▼ 0.722.58within the sector's middle half▼ 0.373.66above the sector's middle half▲ 1.08
Return on assets (ROA)-3.6%below the sector's middle half--1.7%below the sector's middle half▲ 2.0pp3.2%within the sector's middle half▲ 4.9pp-28.6%below the sector's middle half▼ 31.9pp18.2%above the sector's middle half▲ 46.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €28.7m
Fixed assets
€13.9m ▲ 4.0%
Current assets
€14.8m ▲ 42.6%
Equity and liabilities €28.7m
Equity
€18.6m ▲ 39.1%
Debt
€10.2m ▼ 2.5%
Debt's share of the balance-sheet total falls from 43.8% to 35.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6.2m▲
2023 · €4.3m
Cash flow
€5.5m▲
2023 · -€6.6m
Debt to equity
0.55▼
2023 · 0.78
ROE
28.1%▲
2023 · -51.0%
Interest coverage
12.68▲
2023 · 7.82
Debt ≤ 1 year
€4.1m▲
2023 · €4.0m
Debt > 1 year
€6.1m▲
2023 · €5.3m
Income taxes
€445,430▲
2023 · -€28,984
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 449 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 97% are still going.
- Large
- solvency 30% or more
- a profit of 5% of the balance sheet or more
- without age
0%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 449 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €5.0m | €8.8m | €11.9m | €14.4m | ▲ 20.9% |
| Turnover70 | €2.3m | €4.1m | €7.9m | €10.4m | €13.0m | ▲ 24.7% |
| Other operating income74 | - | €892,814 | €973,564 | €1.5m | €1.4m | ▼ 6.1% |
| Operating charges60/66A | - | €5.5m | €7.1m | €7.8m | €8.4m | ▲ 8.8% |
| Services and other goods61 | - | €5.4m | €6.9m | €7.6m | €8.1m | ▲ 7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,573 | €167,586 | €172,770 | €196,449 | €246,685 | ▲ 25.6% |
| Other operating charges640/8 | - | €124 | €1,023 | - | €63,861 | - |
| Non-recurring operating charges66A | - | - | - | - | €29,581 | - |
| Operating profit (loss)9901 | -€778,100 | -€583,372 | €1.8m | €4.1m | €6.0m | ▲ 43.6% |
| Financial income75/76B | - | €1.2m | €1.2m | €866,980 | €259,263 | ▼ 70.1% |
| Recurring financial income75 | €421,389 | €1.2m | €1.2m | €866,980 | €259,263 | ▼ 70.1% |
| Income from financial fixed assets750 | - | €550,767 | €410,554 | €357,989 | €224,752 | ▼ 37.2% |
| Income from current assets751 | - | - | - | €78,879 | - | - |
| Other financial income752/9 | - | €690,956 | €758,647 | €430,112 | €34,511 | ▼ 92.0% |
| Financial charges65/66B | - | €1.0m | €1.8m | €11.8m | €538,674 | ▼ 95.5% |
| Recurring financial charges65 | €718,236 | €1.0m | €1.8m | €854,125 | €523,621 | ▼ 38.7% |
| Debt charges650 | €508,233 | €740,847 | €560,896 | €555,260 | €489,068 | ▼ 11.9% |
| Other financial charges652/9 | - | €276,263 | €1.2m | €298,865 | €34,553 | ▼ 88.4% |
| Non-recurring financial charges66B | - | - | - | €11.0m | €15,053 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | -€1.1m | -€358,759 | €1.1m | -€6.8m | €5.7m | ▲ 183% |
| Income taxes67/77 | €35,119 | €58,082 | €98,371 | -€28,984 | €445,430 | ▲ 1,637% |
| Taxes670/3 | - | €58,082 | €98,371 | - | €445,430 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €28,984 | - | - |
| Profit (loss) for the period9904 | -€1.1m | -€416,841 | €1.0m | -€6.8m | €5.2m | ▲ 177% |
| Profit (loss) for the period to be appropriated9905 | -€1.1m | -€416,841 | €1.0m | -€6.8m | €5.2m | ▲ 177% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30.6m | €24.8m | €31.9m | €23.8m | €28.7m | ▲ 20.9% |
| Fixed assets21/28 | €16.7m | €20.6m | €22.0m | €13.4m | €13.9m | ▲ 4.0% |
| Intangible fixed assets21 | €1.2m | €1.1m | €929,540 | €866,288 | €1.1m | ▲ 32.3% |
| Tangible fixed assets22/27 | €10,906 | €20,177 | €17,903 | €26,855 | €20,234 | ▼ 24.7% |
| Plant, machinery and equipment23 | - | €20,177 | €17,903 | €18,380 | €15,149 | ▼ 17.6% |
| Other tangible fixed assets26 | - | - | - | €8,475 | €5,085 | ▼ 40.0% |
| Financial fixed assets28 | €15.4m | €19.5m | €21.0m | €12.5m | €12.7m | ▲ 2.1% |
| Affiliated companies280/1 | - | €19.5m | €21.0m | €12.5m | €12.7m | ▲ 2.1% |
| Participating interests280 | - | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Amounts receivable281 | - | €14.9m | €16.5m | €7.9m | €8.2m | ▲ 3.4% |
| Current assets29/58 | €13.9m | €4.2m | €10.0m | €10.4m | €14.8m | ▲ 42.6% |
| Amounts receivable within one year40/41 | €2.5m | €2.8m | €6.7m | €9.1m | €8.7m | ▼ 4.6% |
| Trade receivables40 | - | €2.7m | €6.0m | €8.8m | €8.5m | ▼ 3.7% |
| Other amounts receivable41 | - | €27,492 | €676,781 | €242,561 | €153,952 | ▼ 36.5% |
| Cash at bank and in hand54/58 | €10.9m | €564,849 | €1.8m | €955,409 | €5.9m | ▲ 516% |
| Deferred charges and accrued income490/1 | - | €901,009 | €1.5m | €378,762 | €294,208 | ▼ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30.6m | €24.8m | €31.9m | €23.8m | €28.7m | ▲ 20.9% |
| Equity10/15 | €19.2m | €18.9m | €20.1m | €13.4m | €18.6m | ▲ 39.1% |
| Contributions10/11 | €20.3m | €20.5m | €20.6m | €20.7m | €20.7m | = |
| Capital10 | - | €20.5m | €20.6m | €20.7m | €20.7m | = |
| Issued capital100 | - | €20.7m | €20.7m | €20.7m | €20.7m | = |
| Uncalled capital101 | - | €259,100 | €90,600 | €45,300 | €45,300 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.5m | -€499,234 | -€7.3m | -€2.1m | ▲ 71.5% |
| Amounts payable17/49 | €11.4m | €5.9m | €11.8m | €10.4m | €10.2m | ▼ 2.5% |
| Amounts payable after more than one year17 | €10.0m | €4.2m | €7.4m | €5.3m | €6.1m | ▲ 15.6% |
| Financial debts170/4 | - | €4.2m | €7.4m | €5.3m | €6.1m | ▲ 15.6% |
| Subordinated loans170 | - | €4.2m | €4.2m | €3.1m | €4.5m | ▲ 45.7% |
| Credit institutions173 | - | - | €3.2m | €2.2m | €1.6m | ▼ 26.7% |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €3.4m | €4.0m | €4.1m | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | €583,333 | €583,333 | €437,500 | ▼ 25.0% |
| Financial debts43 | - | - | - | €435,000 | - | - |
| Credit institutions430/8 | - | - | - | €435,000 | - | - |
| Trade debts44 | €1.3m | €1.2m | €2.8m | €2.8m | €3.3m | ▲ 17.7% |
| Suppliers440/4 | - | €1.2m | €2.8m | €2.8m | €3.3m | ▲ 17.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €350,000 | - |
| Taxes450/3 | - | - | - | - | €350,000 | - |
| Other amounts payable47/48 | - | - | - | €242,846 | - | - |
| Accrued charges and deferred income492/3 | - | €494,860 | €994,249 | €1.1m | €29,461 | ▼ 97.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.1m | -€416,841 | €1.0m | -€6.8m | €5.2m | ▲ 177% |
| + Depreciation and write-downs630 | €62,573 | €167,586 | €172,770 | €196,449 | €246,685 | ▲ 25.6% |
| Operating cash flow (approximation) | -€1.0m | -€249,255 | €1.2m | -€6.6m | €5.5m | ▲ 183% |
| Investment in fixed assets (approximation) | - | -€4.1m | -€1.6m | €8.4m | -€786,741 | ▼ 109% |
| Change in cash | - | -€10.4m | €1.2m | -€832,408 | €4.9m | ▲ 692% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €5.2m
Net result €5.2m after one loss-making year.
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 142 days late
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 142 days late
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 472 days late
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 472 days late
2023
31-12
Financial
Weakest financial yearnet -€6.8m
Net result drops to -€6.8m, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Back to profitnet €1.0m
Net result €1.0m after 2 loss-making years.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 47 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 174 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Brussel · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
1.1 ha
Volume, LiDAR
229,533 m³
Parcel 21814P0141/00A002, Brussels · tallest building 34.6 m, ±7 floors. Linked by address, not a title deed.
233
companies at this address
See who is registered here
1 establishment unit
Brunchco 21
since 20202.302.963.112
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0141/00A002 | Brussels | 1.1 ha | 1 · 1.1 ha | 34.6 m · 7 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
3 ownersOwners 3
-
49.89%
-
28.87%
-
11.5%
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
Legal Entity Identifier
8755005FX4IKW15PVK63
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Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 4,289 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
Founded19-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747485166
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.