Equity
BRUNET has made a profit without a break since 2017.
BRUNET has made a profit without a break since 2017.
The result fell in 2025 from €152,240 to €2,775.
The accounts state no turnover.
In 2025, 6 people joined and 6 left.
Six of the last ten came late. The 2023 accounts came latest: 307 days after the end of the period.
A director left. Latest change 10-02-2026 · 1 in office.
The dashed line is the sector median: 0.2% across 166 companies (NACE 16, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, small). It does better than 42% of them on solvency, 82% on liquidity, 55% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 14,766 companies had the same profile as BRUNET has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BRUNET itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for BRUNET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.43 (1.35 in 2024), below the usual 1.5. Short-term debt is 41.3% and cash 26.6% of total assets. 58.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BRUNET Couvin | €3.1m | €1.9m | 41.5% | 25.2 |
| HOUTBEDRIJF DIERICK Nazareth-De Pinte | €3.2m | €2.1m | 59.7% | 25.1 |
| LYNEN INDUSTRIAL CARPENTRY Heusden-Zolder | €5.1m | €1.5m | 70.4% | 21.6 |
| SCHREURS PROJECT Oudsbergen | €1.9m | €1.4m | 22.2% | 21.4 |
| BELGO GARANT Westerlo | €4.5m | €1.3m | 17.8% | 18.3 |
| HOUTBUIGERIJ G. DESMET Menen | €6.1m | €2.0m | 27.9% | 32.4 |
| D.D.S. VERPAKKINGEN Oudenaarde | €4.2m | €1.6m | 84.6% | 14.3 |
These companies have the same main activity as BRUNET: sawmilling and planing of wood (NACE 16110). They are comparable in size and age: total assets between €1.9m and €6.1m, founded between 1985 and 1990.
BRUNET has existed since 1987. The gross margin grew from €1.1m in 2006 to €1.9m in 2025.
BOSCO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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