BRUNO PROJECT
ActiveSummary
BRUNO PROJECT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €338,159. Equity is growing by ~37% per year across the filed fiscal years. Its solvency ranks better than 63% of 7940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-3
Solvency80▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 2.69 against 3.92 in 2024; short-term debt: 19.3% and cash: 28.5% of total assets), and 44.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.4%
Return on assets
17.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-11-2025, 79 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
79 d early
2024
73 d early
2023
58 d early
2022
77 d early
2021
42 d early
2020
9 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 19 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.1m▲ 21.8%
2024 · €864,117
Total assets
€1.9m▲ 26.2%
2024 · €1.5m
Net result
€338,159▲ 11.5%
2024 · €303,279
Working capital
€619,282▲ 35.5%
2024 · €457,155
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€80,884▲ 42.3%€314,720▲ 289%€323,081▲ 2.7%€424,303▲ 31.3%€456,162▲ 7.5%
Net result€54,556within the sector's middle half▲ 71.3%€229,740above the sector's middle half▲ 321%€228,046above the sector's middle half▼ 0.7%€303,279above the sector's middle half▲ 33.0%€338,159above the sector's middle half▲ 11.5%
Equity€269,653within the sector's middle half▲ 25.4%€361,392within the sector's middle half▲ 34.0%€560,838within the sector's middle half▲ 55.2%€864,117above the sector's middle half▲ 54.1%€1.1mabove the sector's middle half▲ 21.8%
Total assets€1.1mwithin the sector's middle half▲ 153%€1.3mwithin the sector's middle half▲ 23.1%€1.5mwithin the sector's middle half▲ 12.1%€1.5mwithin the sector's middle half▲ 0.9%€1.9mabove the sector's middle half▲ 26.2%
Debt€811,954▲ 284%€970,243▲ 19.5%€931,358▼ 4.0%€642,115▼ 31.1%€848,850▲ 32.2%
Working capital€110,059within the sector's middle half▼ 19.5%€177,930within the sector's middle half▲ 61.7%€278,029within the sector's middle half▲ 56.3%€457,155within the sector's middle half▲ 64.4%€619,282above the sector's middle half▲ 35.5%
Solvency24.9%within the sector's middle half▼ 25.5pp27.1%within the sector's middle half▲ 2.2pp37.6%within the sector's middle half▲ 10.4pp57.4%within the sector's middle half▲ 19.8pp55.4%within the sector's middle half▼ 2.0pp
Current ratio1.63within the sector's middle half▼ 0.491.46within the sector's middle half▼ 0.171.78within the sector's middle half▲ 0.323.92above the sector's middle half▲ 2.142.69within the sector's middle half▼ 1.23
Return on assets (ROA)5.0%within the sector's middle half▼ 2.4pp17.3%above the sector's middle half▲ 12.2pp15.3%above the sector's middle half▼ 2.0pp20.1%above the sector's middle half▲ 4.9pp17.8%above the sector's middle half▼ 2.3pp
Staff (FTE)3.1within the sector's middle half▲ 121%4.3within the sector's middle half▲ 38.7%2.1within the sector's middle half▼ 51.2%2.3within the sector's middle half▲ 9.5%2.1within the sector's middle half▼ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€915,402 ▲ 2.6%
Current assets
€985,723 ▲ 60.6%
Equity and liabilities €1.9m
Equity
€1.1m ▲ 21.8%
Debt
€848,850 ▲ 32.2%
Debt's share of the balance-sheet total rises from 42.6% to 44.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€638,068▲
2024 · €575,574
Cash flow
€520,065▲
2024 · €454,550
Quick ratio
2.67▼
2024 · 3.92
Debt to equity
0.81▲
2024 · 0.74
ROE
32.1%▼
2024 · 35.1%
Interest coverage
61.31▲
2024 · 38.28
Debt ≤ 1 year
€366,441▲
2024 · €156,664
Debt > 1 year
€482,321▼
2024 · €485,366
Income taxes
€110,454▲
2024 · €106,342
Staff costs
€116,233▼
2024 · €117,683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 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% | 1.9% |
| 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 34,696 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 | - | €1,203 | €18,243 | €19,889 | €21,471 | ▲ 8.0% |
| Remuneration, social security and pensions62 | - | €181,265 | €101,323 | €117,683 | €116,233 | ▼ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77,911 | €84,131 | €102,829 | €151,270 | €181,906 | ▲ 20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,232 | - | - | - | - |
| Other operating charges640/8 | - | €9,659 | €11,945 | €18,002 | €19,083 | ▲ 6.0% |
| Non-recurring operating charges66A | - | €1,793 | €826 | €2,550 | €1,321 | ▼ 48.2% |
| Gross operating margin9900 | €315,165 | €600,800 | €540,004 | €713,809 | €774,705 | ▲ 8.5% |
| Operating profit (loss)9901 | €80,884 | €314,720 | €323,081 | €424,303 | €456,162 | ▲ 7.5% |
| Financial income75/76B | - | €1,649 | €2,050 | €354 | €2,858 | ▲ 707% |
| Recurring financial income75 | €7,312 | €1,649 | €2,050 | €354 | €2,858 | ▲ 707% |
| Financial charges65/66B | - | €11,331 | €14,164 | €15,036 | €10,408 | ▼ 30.8% |
| Recurring financial charges65 | €12,347 | €11,331 | €14,164 | €15,036 | €10,408 | ▼ 30.8% |
| Profit (loss) for the period before taxes9903 | €75,849 | €305,037 | €310,968 | €409,622 | €448,613 | ▲ 9.5% |
| Income taxes67/77 | €21,294 | €75,298 | €82,922 | €106,342 | €110,454 | ▲ 3.9% |
| Profit (loss) for the period9904 | €54,556 | €229,740 | €228,046 | €303,279 | €338,159 | ▲ 11.5% |
| Profit (loss) for the period to be appropriated9905 | €54,556 | €229,740 | €228,046 | €303,279 | €338,159 | ▲ 11.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €1.5m | €1.5m | €1.9m | ▲ 26.2% |
| Fixed assets21/28 | €797,189 | €767,185 | €857,658 | €892,413 | €915,402 | ▲ 2.6% |
| Tangible fixed assets22/27 | €794,454 | €762,500 | €851,858 | €889,163 | €914,102 | ▲ 2.8% |
| Land and buildings22 | - | €613,283 | €600,283 | €577,506 | €554,730 | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €42,559 | €49,583 | €64,671 | €71,784 | ▲ 11.0% |
| Furniture and vehicles24 | - | €72,716 | €154,872 | €220,675 | €276,804 | ▲ 25.4% |
| Leasing and similar rights25 | - | €33,942 | €47,119 | €26,310 | €10,785 | ▼ 59.0% |
| Financial fixed assets28 | €2,735 | €4,685 | €5,800 | €3,250 | €1,300 | ▼ 60.0% |
| Current assets29/58 | €284,418 | €564,450 | €634,538 | €613,819 | €985,723 | ▲ 60.6% |
| Amounts receivable after more than one year29 | - | €103,025 | - | - | - | - |
| Other amounts receivable291 | - | €103,025 | - | - | - | - |
| Stocks and contracts in progress3 | - | - | - | - | €5,733 | - |
| Stocks30/36 | - | - | - | - | €5,733 | - |
| Amounts receivable within one year40/41 | €186,200 | €154,063 | €192,574 | €205,984 | €425,887 | ▲ 107% |
| Trade receivables40 | - | €125,542 | €153,130 | €182,752 | €209,898 | ▲ 14.9% |
| Other amounts receivable41 | - | €28,521 | €39,444 | €23,231 | €215,989 | ▲ 830% |
| Cash at bank and in hand54/58 | €93,735 | €304,618 | €437,212 | €398,379 | €542,274 | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | €2,743 | €4,752 | €9,456 | €11,828 | ▲ 25.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €1.5m | €1.5m | €1.9m | ▲ 26.2% |
| Equity10/15 | €269,653 | €361,392 | €560,838 | €864,117 | €1.1m | ▲ 21.8% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €263,453 | €355,192 | €542,238 | €845,517 | €1.0m | ▲ 22.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €353,332 | €540,378 | €843,657 | €1.0m | ▲ 22.3% |
| Profit (loss) carried forward14 | €175,194 | - | - | - | - | - |
| Amounts payable17/49 | €811,954 | €970,243 | €931,358 | €642,115 | €848,850 | ▲ 32.2% |
| Amounts payable after more than one year17 | €635,540 | €582,516 | €573,614 | €485,366 | €482,321 | ▼ 0.6% |
| Financial debts170/4 | - | €582,516 | €573,614 | €485,366 | €482,321 | ▼ 0.6% |
| Amounts payable within one year42/48 | €174,359 | €386,520 | €356,509 | €156,664 | €366,441 | ▲ 134% |
| Current portion of amounts payable after more than one year42 | - | €75,170 | €96,247 | €87,479 | €80,643 | ▼ 7.8% |
| Financial debts43 | - | €60,000 | €60,000 | - | - | - |
| Credit institutions430/8 | - | €60,000 | €60,000 | - | - | - |
| Trade debts44 | €48,581 | €79,110 | €115,741 | €48,972 | €118,053 | ▲ 141% |
| Suppliers440/4 | - | €79,110 | €115,741 | €48,972 | €118,053 | ▲ 141% |
| Taxes, remuneration and social security45 | - | €34,081 | €43,522 | €19,579 | €17,746 | ▼ 9.4% |
| Taxes450/3 | - | €19,858 | €27,728 | €13,128 | €11,297 | ▼ 13.9% |
| Remuneration and social security454/9 | - | €14,223 | €15,794 | €6,451 | €6,449 | = |
| Other amounts payable47/48 | - | €138,159 | €41,000 | €634 | €150,000 | ▲ 23,573% |
| Accrued charges and deferred income492/3 | - | €1,207 | €1,235 | €85 | €88 | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,556 | €229,740 | €228,046 | €303,279 | €338,159 | ▲ 11.5% |
| + Depreciation and write-downs630 | €77,911 | €84,131 | €102,829 | €151,270 | €181,906 | ▲ 20.3% |
| Operating cash flow (approximation) | €132,466 | €313,870 | €330,874 | €454,550 | €520,065 | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | -€54,127 | -€193,302 | -€186,025 | -€204,896 | ▼ 10.1% |
| Change in cash | - | €210,883 | €132,594 | -€38,833 | €143,895 | ▲ 471% |
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
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €338,159 ▲11.5%
Operating result €456,162, net result €338,159, both a record.
30-06
Financial
Equity above €1mEq €1.1m ▲21.8%
7 profitable years in a row build equity to €1.1m.
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 3.92
Current ratio from 1.78 to 3.92; short-term debt falls from €356,509 to €156,664.
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €560,838 ▲55.2%
5 profitable years in a row build equity to €560,838.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €31,843 ▼59.1%
Net result drops to €31,843, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200,000Eq €215,097 ▲17.4%
2 profitable years in a row build equity to €215,097.
Show earlier events
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oudsbergen · 1 establishment unit since 2016
Ground area
5.4 ha
Building footprint
2.1 ha
Volume, LiDAR
148,407 m³
2 parcels, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bruno Soares
since 20162.255.170.420
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0905/00G006 | Flanders | 4.0 ha | 1 · 1.9 ha | 13.2 m · 2 fl. |
| 71562B0913/00V007 | Flanders | 1.4 ha | 1 · 1,953 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
- Bruno Figueiredo Soaresnatural personSourceown accounts 30-06-202490%
- Susana dos Santos Oliveiranatural personSourceown accounts 30-06-202410%
Holdings 0
The accounts to 30-06-2024 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2024 of BRUNO PROJECT and those 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 495 EUR awarded · 352 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 495 EUR | 352 EUR |
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,787. 660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-07-2016
Fiscal year end30-06
Activities, NACEBEL 2025
43331Floor and wall tiling
43350Other building finishing work
Contact
E-mail
info@brunoproject.beOudsbergen
Phone
0486212051Oudsbergen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659875756
Also
9925:BE0659875756
Registered
30-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.