BRUNI
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of BRUNI is 5.0% (elevated). The 2025 annual accounts show equity of €796 and a net result of €152. Its solvency ranks better than 23% of 22,679 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 18-07-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Kerkstraat 47, 8520 Kuurne
- Activity
- Retail sale of watches and jewellery NACE 47770and 2 others
- Establishment unit
- 2.348.199.853 8520 Kuurne, since 18-07-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 02-09-2023
Who decides
- BRUNSWYCK Federico AndreDirector · since 18-07-2023
- LIBOT Femke Monique PhilippeDirector · since 18-07-2023
How it is doing
- Bankruptcy probabilitywithin 12 months
- 5.0%
- Gross margin
- €10,732
- ▲ 375%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €152
- Equity
- €796
- ▲ 23.6%
- Total assets
- €279,830
- ▲ 170%
Why 37raises riskFounded in 20231 change of registered office in 24 monthsLiquidity: current ratio 0.34, cash €3,085Sector: Retail trade (NACE 47)Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 19% on solvency, 4% on liquidity, 28% on profitability and 75% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 27 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (27 days) Filed on 27 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00046905.
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 27-02-2026
- Format
- micro format
- Reference
- 2026-00046905
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 3.6 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.1% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.0% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,135 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €164 | €3,335 | ▲ 20× |
| Other operating charges640/8 | €634 | €2,152 | ▲ 239% |
| Gross operating margin9900 | €2,260 | €10,732 | ▲ 375% |
| Operating profit (loss)9901 | €1,461 | €5,245 | ▲ 259% |
| Financial income75/76B | €0 | €2 | ▲ 521% |
| Recurring financial income75 | €0 | €2 | ▲ 521% |
| Financial charges65/66B | €2,818 | €4,034 | ▲ 43.2% |
| Recurring financial charges65 | €2,818 | €4,034 | ▲ 43.2% |
| Profit (loss) for the period before taxes9903 | -€1,356 | €1,213 | - |
| Income taxes67/77 | - | €1,061 | - |
| Profit (loss) for the period9904 | -€1,356 | €152 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,356 | €152 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €103,781 | €279,830 | ▲ 170% |
| Fixed assets21/28 | €9,836 | €195,529 | ▲ 20× |
| Tangible fixed assets22/27 | €9,836 | €195,529 | ▲ 20× |
| Plant, machinery and equipment23 | €9,836 | €65,197 | ▲ 563% |
| Furniture and vehicles24 | - | €130,332 | - |
| Current assets29/58 | €93,945 | €84,302 | ▼ 10.3% |
| Stocks and contracts in progress3 | €11,500 | €67,500 | ▲ 487% |
| Stocks30/36 | €11,500 | €67,500 | ▲ 487% |
| Amounts receivable within one year40/41 | €80,771 | €11,189 | ▼ 86.1% |
| Trade receivables40 | €36,672 | €9,943 | ▼ 72.9% |
| Other amounts receivable41 | €44,099 | €1,246 | ▼ 97.2% |
| Cash at bank and in hand54/58 | €1,673 | €3,085 | ▲ 84.3% |
| Deferred charges and accrued income490/1 | - | €2,528 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €103,781 | €279,830 | ▲ 170% |
| Equity10/15 | €644 | €796 | ▲ 23.6% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€1,356 | -€1,204 | ▲ 11.2% |
| Amounts payable17/49 | €103,137 | €279,034 | ▲ 171% |
| Amounts payable after more than one year17 | €38,503 | €27,540 | ▼ 28.5% |
| Financial debts170/4 | €38,503 | €27,540 | ▼ 28.5% |
| Amounts payable within one year42/48 | €64,634 | €250,294 | ▲ 287% |
| Current portion of amounts payable after more than one year42 | €10,250 | €10,963 | ▲ 7.0% |
| Trade debts44 | €36,455 | €83,420 | ▲ 129% |
| Suppliers440/4 | €36,455 | €83,420 | ▲ 129% |
| Taxes, remuneration and social security45 | €17,929 | €6,059 | ▼ 66.2% |
| Taxes450/3 | €13,479 | €6,059 | ▼ 55.0% |
| Remuneration and social security454/9 | €4,450 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €149,851 | - |
| Accrued charges and deferred income492/3 | - | €1,200 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,356 | €152 | - |
| + Depreciation and write-downs630 | €164 | €3,335 | ▲ 20× |
| Operating cash flow (approximation) | -€1,192 | €3,487 | - |
| Investment in fixed assets (approximation) | - | -€189,027 | - |
| Change in cash | - | €1,411 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €2,000 awarded · €2,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BRUNSWYCK Federico Andre |
|
| LIBOT Femke Monique Philippe |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt duur opdracht en bij meerdere bestuurders bevoegdheid, algemene vergadering bepaalt aantal”“Algemene kosten, representatie-,reis-en verplaatsingskosten”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering in vormen statutenwijziging”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed
Articles of association, deed of 20-07-2023 (in Dutch)
Owners and capital
Capital and shareholders
- BRUNSWYCK Federico Andre 90 shares (90%) · €1,800
- LIBOT Femke Monique Philippe 10 shares (10%) · €200
- 20-07-2023 Incorporation · €2,000 · 100 shares
Shares according to the articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo, 100”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Bevoegdheden van het bestuursorgaan, enige bestuurder vertegenwoordigt vennootschap jegens derden en in rechte als eiser of verweerder”Other provision: “Gevolmachtigden aanstellen voor bepaalde of reeks bepaalde rechtshandelingen, bijzondere volmachten”Other provision: “Dagelijks bestuurder, dagelijks bestuur”Other provision: “18:00, zetel of andere plaats in oproeping”Other provision: “Toegang algemene vergadering, rechten niet geschorst,bij enkel geschorst stemrecht deelname zonder stemming”Other provision: “Schriftelijke volmacht aan ieder persoon door alle middelen van overdracht, beraadslagingen”Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan”Liquidation distribution: “Bijkomende volstorting of voorafgaandelijke terugbetalingen, netto actief naar verhouding aantal aandelen,goederen in natura zelfde wijze”Other provision: “Alle vorderingen tussen aandeelhouders,bestuurder(s) en/of vereffenaar(s) en vennootschap, samenloop-nettingovereenkomst”
Articles of association, deed of 20-07-2023 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 04-01-2025
- Registered-office move, 8520 Kuurne,Kerkstraat 47
20-07
Gazette deed
IncorporationAppointments: BRUNSWYCK Federico Andre (director) and LIBOT Femke Monique Philippe (director) · Founder · Founding capital12 facts ▸
- Incorporation, 13-07-2023
- Founder, BRUNSWYCK Federico Andre
- Founder, LIBOT Femke Monique Philippe
- Founding capital, €2,000
- Capital contribution
- Bank account, “Belfius”, 13-07-2023 (deed in Dutch)
- Board rule, 2
- Director appointment, BRUNSWYCK Federico Andre (director (not named in the articles))
- Director appointment, LIBOT Femke Monique Philippe (director (not named in the articles))
- Declaration, “geen verbotsmaatregel, niet getroffen door enige maatregel die zich verzet” (deed in Dutch) (2 times)
- Registered office clause, “8501 Kortrijk (Heule),Gullegemsestraat 94” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten vanaf heden door comparanten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose according to the articles of association
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BRUNI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…”
Articles of association, deed of 20-07-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34023B0637/00H000 | Flanders | 127 m² | 1 · 118 m² | 10.5 m · 2 |