BRUNOVATION
ActiveThe computed 12-month bankruptcy probability of BRUNOVATION is 1.5% (moderate). The 2025 annual accounts show equity of €1.03M and a net result of €46k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 27451 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+8
Solvency76▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.1 in 2024; short-term debt: 7.2% and cash: 1.1% of total assets), and 49% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
Sector 43
higher
← 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
51%
Return on assets
2.3%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
40 d early
2022
34 d early
2021
43 d early
2020
55 d early
2019
5 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.03M▲ 4.5%
2024 · €981k
2019: €541k
2020: €644k
2021: €766k
2022: €874k
2023: €972k
2024: €981k
2019 → 2025
Total assets
€2.01M▼ 3.1%
2024 · €2.07M
2019: €1.48M
2020: €1.45M
2021: €1.56M
2022: €1.51M
2023: €1.50M
2024: €2.07M
2019 → 2025
Net result
€46k▲ 315%
2024 · €11k
2019: €62k
2020: €105k
2021: €124k
2022: €109k
2023: €100k
2024: €11k
2019 → 2025
Working capital
€36k▲ 111%
2024 · €17k
2019: €-184k
2020: €-43k
2021: €-28k
2022: €36k
2023: €-76k
2024: €17k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€766k-€874k▲ 14.0%€972k▲ 11.2%€981k▲ 0.9%€1.03M▲ 4.5%
Operating result€171k-€159k▼ 7.1%€144k▼ 9.3%€34k▼ 76.6%€85k▲ 152%
Net result€124k-€109k▼ 11.7%€100k▼ 8.5%€11k▼ 88.9%€46k▲ 315%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 152% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.01M
Fixed assets
€1.83M▼ 3.5%
Current assets
€181k▲ 0.8%
Equity and liabilities €2.01M
Equity
€1.03M▲ 4.5%
Provisions
€337▼ 12.9%
Debt
€985k▼ 9.9%
The debt ratio falls from 52.7% to 49.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▲
2024 · €107k
Cash flow
€119k▲
2024 · €84k
Solvency
51.0%▲
2024 · 47.3%
Current ratio
1.25▲
2024 · 1.10
Quick ratio
1.25▲
2024 · 1.10
Debt / equity
0.96▼
2024 · 1.11
ROE
4.5%▲
2024 · 1.1%
ROA
2.3%▲
2024 · 0.5%
Interest coverage
5.98▲
2024 · 5.19
Debt
€985k▼
2024 · €1.09M
Debt ≤ 1 year
€145k▼
2024 · €162k
Debt > 1 year
€840k▼
2024 · €931k
Income taxes
€14k▲
2024 · €5k
Staff costs
€209k▲
2024 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.07M€2.01M▼
Fixed assets21/28€1.90M€1.83M▼
Tangible fixed assets22/27€1.89M€1.82M▼
Land and buildings22€1.87M€1.81M▼
Furniture and vehicles24€29k€10k▼
Financial fixed assets28€400€8k▲
Current assets29/58€179k€181k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€160k€154k▼
Trade receivables40€143k€150k▲
Other amounts receivable41€17k€4k▼
Cash at bank and in hand54/58€13k€22k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.07M€2.01M▼
Equity10/15€981k€1.03M▲
Contributions10/11€333k€333k=
Capital10€333k€333k=
Issued capital100€333k€333k=
Reserves13€611k€654k▲
Non-distributable reserves130/1€33k€33k=
Legal reserve130€33k€33k=
Tax-exempt reserves132€1k€1k▼
Distributable reserves133€576k€620k▲
Profit (loss) carried forward14€2k€4k▲
Investment grants15€35k€33k▼
Provisions and deferred taxes16€387€337▼
Deferred taxes168€387€337▼
Amounts payable17/49€1.09M€985k▼
Amounts payable after more than one year17€931k€840k▼
Financial debts170/4€150k€43k▼
Other amounts payable178/9€781k€796k▲
Amounts payable within one year42/48€162k€145k▼
Current portion of amounts payable after more than one year42€122k€107k▼
Trade debts44€23k€8k▼
Suppliers440/4€23k€8k▼
Taxes, remuneration and social security45€14k€25k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€10k€18k▲
Other amounts payable47/48€3k€5k▲
Accrued charges and deferred income492/3€0€120▲
Income statement
Code20242025
Remuneration, social security and pensions62€207k€209k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€73k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€0▼
Other operating charges640/8€102k€4k▼
Gross operating margin9900€419k€370k▼
Operating profit (loss)9901€34k€85k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€21k€26k▲
Recurring financial charges65€21k€26k▲
Profit (loss) for the period before taxes9903€16k€60k▲
Transfer from deferred taxes780€50€50=
Income taxes67/77€5k€14k▲
Profit (loss) for the period9904€11k€46k▲
Transfer from tax-exempt reserves789€150€150=
Profit (loss) for the period to be appropriated9905€11k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€48k▲
Profit (loss) brought forward from the previous period14P€777€2k▲
Transfer to equity691/2€10k€44k▲
To other reserves6921€10k€44k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €1MEq €1.03M ▲4.5%
7 profitable years in a row build equity to €1.03M.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €11k ▼88.9%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
19-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €124k ▲18.2%
Operating result €171k, net result €124k, both a record.
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 · 2 establishment units since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoekstraat 31000 BrusselGround area
2,538 m²
Building footprint
1,297 m²
Volume, LiDAR
7,949 m³
2 parcels, Brussels, Wallonia · tallest building 16.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Brunovation
since 20112.201.382.336
BRUNOVATION
since 20192.287.873.672
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023B0014/00V002 | Wallonia | 2,319 m² | 1 · 1,077 m² | 6.8 m · 2 fl. |
| 21813A0311/00K000 | Brussels | 219 m² | 1 · 220 m² | 16.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VAN OUDENHOVE SCHILDERWERKEN
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de Waal
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Kapellen · Eq €1.00M
Les Entreprises Yvo Rinaldi
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Flémalle · Eq €989k
F. SIERRA
BE 0478.866.630
Jette · Eq €978k
MULTICOLORE
BE 0891.776.131
Liège · Eq €975k
Of 7,864 companies in sector 43341 we hold annual accounts for 2,662. 950 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-07-2011
Fiscal year end30-06
Activities, NACEBEL
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.