Checked.be
Active
BE 0643.842.349Private limited company
BRUNEEL WOUTER
Begonialaan 87 ·8531 Harelbeke, Belgium· 10 yrs active
Sector: Joinery installation
(43320)
Conclusion
BRUNEEL WOUTER has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €498. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €23k |
| Net result | €498 |
| Better than sector | 54% |
| Active | 10 yrs |
Financial profile
66
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
11
Solvency
95
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 10 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.
Checked score
94
/ 100
Excellent
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.
Indicative credit limit
€2k
estimate, not credit advice
Score history
86
2021
74
2022
86
2023
76
2024
94
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.53 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.33 (≥ 1.0)
+5
Leverage
Debt/equity 0.98 (< 1.0)
+10
Profitability
ROE 2%
+3
Interest coverage
Interest coverage 9.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 22-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Gross margin: declining trend of ~8.4%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 50.6% | 47.4% | |
| Net result | €498 | €10k | |
| Equity | €23k | €60k | |
| Gross operating margin | €10k | €39k | |
| Staff costs | €0 | €40k |
€9k
-20.9%
21-25
€498
+123.9%
21-25
€7k
-25.6%
21-25
€45k
-6.6%
21-25
€23k
+2.2%
21-25
€19k
+21.0%
21-25
0
-
21-25
€0
-100.0%
21-25
€2k
-24.4%
21-25
€0
-100.0%
21-25
€22k
-14.1%
21-25
€12k
-52.0%
21-25
€10k
+120.8%
21-25
2.53
+57.5%
21-25
2.33
+44.9%
21-25
50.6%
+9.4%
21-25
0.98
-16.0%
21-25
2.2%
+119.0%
21-25
1.1%
+139.6%
21-25
9.17
-60.9%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €9k | €11k | €12k | €12k | €15k |
| Net profit | €498 | €223 | €1k | €2k | €4k |
| Cash flow | €7k | €9k | €10k | €10k | €13k |
| Staff costs | €0 | €728 | - | - | - |
| Income taxes | €2k | €2k | €2k | €2k | €3k |
| Dividends | €0 | €9k | - | - | - |
| Total assets | €45k | €48k | €44k | €67k | €57k |
| Equity | €23k | €22k | €31k | €30k | €28k |
| Debt | €22k | €26k | €13k | €37k | €30k |
| of which ≤ 1y | €12k | €26k | €10k | €32k | €16k |
| of which > 1y | €10k | - | - | €4k | €13k |
| Working capital | €19k | €16k | €21k | €14k | €13k |
| Employees (FTE) | 0.0 | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.53 | 1.61 | 3.06 | 1.43 | 1.77 |
| Quick ratio | 2.33 | 1.61 | 3.06 | 1.43 | 1.77 |
| Working capital ratio | 42.4% | 32.7% | 47.6% | 21.0% | 21.9% |
| Solvency | 50.6% | 46.2% | 69.8% | 44.5% | 48.5% |
| Debt / equity | 0.98 | 1.16 | 0.43 | 1.24 | 1.06 |
| Long-term debt ratio | 0.43 | - | - | 0.15 | 0.48 |
| Interest coverage | 9.17 | 23.45 | 26.34 | 26.00 | 35.20 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.1% | 0.5% | 3.2% | 2.7% | 7.2% |
| ROE | 2.2% | 1.0% | 4.5% | 6.1% | 14.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €45k | €48k | €44k | €67k | €57k |
| Fixed assets | 21/28 | €13k | €6k | €13k | €20k | €29k |
| Tangible fixed assets | 22/27 | €13k | €6k | €12k | €19k | €28k |
| Financial fixed assets | 28 | €900 | €900 | €900 | €900 | €900 |
| Current assets | 29/58 | €31k | €42k | €31k | €46k | €29k |
| Stocks & contracts in progress | 3 | €3k | - | - | - | - |
| Amounts receivable within one year | 40/41 | €26k | €34k | €15k | €25k | €14k |
| Cash & bank | 54/58 | €3k | €8k | €17k | €21k | €15k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €45k | €48k | €44k | €67k | €57k |
| Equity | 10/15 | €23k | €22k | €31k | €30k | €28k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €16k | €16k | €25k | €23k | €22k |
| Accumulated profits (losses) | 14 | €0 | - | - | - | - |
| Amounts payable | 17/49 | €22k | €26k | €13k | €37k | €30k |
| Amounts payable after one year | 17 | €10k | - | - | €4k | €13k |
| Amounts payable within one year | 42/48 | €12k | €26k | €10k | €32k | €16k |
| Trade debts payable within one year | 44 | €4k | €10k | €4k | €18k | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €10k | €14k | €16k | €13k | €16k |
| Operating result | 9901 | €3k | €3k | €4k | €4k | €6k |
| Financial income | 75 | €200 | €119 | €111 | €674 | €895 |
| Financial charges | 65 | €992 | €490 | €470 | €462 | €424 |
| Result before taxes | 9903 | €2k | €3k | €4k | €4k | €7k |
| Income taxes | 67/77 | €2k | €2k | €2k | €2k | €3k |
| Net result for the period | 9904 | €498 | €223 | €1k | €2k | €4k |
| Result to be appropriated | 9905 | €498 | €223 | €1k | €2k | €4k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 04-12-2015 |
| Status | Active |
| Postal code | 8531 |
Establishment units
Bruneel Wouter
since 20162.248.196.912
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017B0716/00T000 | Flanders | 360 m² | 1 · 97 m² | 7.6 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €223 ▼84.2%
Net result drops to €223, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.06
Current ratio from 1.43 to 3.06; short-term debt falls from €32k to €10k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Insulation installation43230Specialised construction activities43291Laying of wooden floor and wall coverings43332Specialised construction activities43343
Names & trade names
| Legal nameNL | BRUNEEL WOUTER |
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