BRUNSK
ActiveBRUNSK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €-19k. Equity is shrinking by ~17.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 74% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 5.75 in 2024; short-term debt: 23.7% and cash: 49.4% of total assets), and 24.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.8%
Return on assets
-22.8%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-02-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
10 d late
2023
on the day
2022
1 d early
2021
40 d early
2020
41 d early
2019
39 d early
← 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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 46.5%
2024 · €116k
2019: €256k
2020: €290k
2021: €251k
2022: €245k
2023: €162k
2024: €116k
2019 → 2025
Total assets
€82k▼ 37.5%
2024 · €131k
2019: €269k
2020: €314k
2021: €270k
2022: €318k
2023: €186k
2024: €131k
2019 → 2025
Net result
€-19k▲ 59.6%
2024 · €-46k
2019: €80k
2020: €34k
2021: €-39k
2022: €-6k
2023: €53k
2024: €-46k
2019 → 2025
Working capital
€38k▼ 45.6%
2024 · €70k
2019: €178k
2020: €226k
2021: €182k
2022: €140k
2023: €96k
2024: €70k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€251k-€245k▼ 2.4%€162k▼ 33.8%€116k▼ 28.5%€62k▼ 46.5%
Operating result€-38k-€-3k▲ 92.0%€59k€-46k€-19k▲ 59.7%
Net result€-39k-€-6k▲ 84.7%€53k€-46k€-19k▲ 59.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€24k▼ 47.4%
Current assets
€57k▼ 32.1%
Equity and liabilities €82k
Equity
€62k▼ 46.5%
Debt
€20k▲ 31.3%
The debt ratio rises from 11.5% to 24.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€418▲
2024 · €-24k
Cash flow
€312▲
2024 · €-24k
Solvency
75.8%▼
2024 · 88.5%
Current ratio
2.96▼
2024 · 5.75
Quick ratio
2.12▼
2024 · 4.21
Debt / equity
0.32▲
2024 · 0.13
ROE
-30.1%▲
2024 · -39.9%
ROA
-22.8%▲
2024 · -35.3%
Interest coverage
0.70▲
2024 · -52.48
Debt
€20k▲
2024 · €15k
Debt ≤ 1 year
€19k▲
2024 · €15k
Income taxes
€0▼
2024 · €126
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€131k€82k▼
Fixed assets21/28€46k€24k▼
Intangible fixed assets21€14k€8k▼
Tangible fixed assets22/27€32k€16k▼
Plant, machinery and equipment23€336€38▼
Furniture and vehicles24€9k€6k▼
Other tangible fixed assets26€23k€11k▼
Financial fixed assets28€1k€0▼
Current assets29/58€85k€57k▼
Stocks and contracts in progress3€23k€16k▼
Stocks30/36€23k€16k▼
Amounts receivable within one year40/41€3k€622▼
Trade receivables40€2k€481▼
Other amounts receivable41€465€142▼
Cash at bank and in hand54/58€59k€40k▼
Deferred charges and accrued income490/1€0€72▲
Equity and liabilities
Total equity and liabilities10/49€131k€82k▼
Equity10/15€116k€62k▼
Contributions10/11€6k€6k=
Reserves13€148k€113k▼
Distributable reserves133€148k€113k▼
Profit (loss) carried forward14€-39k€-57k▼
Amounts payable17/49€15k€20k▲
Amounts payable within one year42/48€15k€19k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€0€3k▲
Taxes450/3€0€3k▲
Other amounts payable47/48€12k€13k▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Non-recurring operating income76A€0€12k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€19k▼
Other operating charges640/8€683€857▲
Gross operating margin9900€-23k€1k▲
Operating profit (loss)9901€-46k€-19k▲
Financial income75/76B€421€488▲
Recurring financial income75€421€488▲
Financial charges65/66B€454€594▲
Recurring financial charges65€454€594▲
Profit (loss) for the period before taxes9903€-46k€-19k▲
Income taxes67/77€126€0▼
Profit (loss) for the period9904€-46k€-19k▲
Profit (loss) for the period to be appropriated9905€-46k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-57k▼
Profit (loss) brought forward from the previous period14P€8k€-39k▼
Transfer from equity791/2€0€35k▲
Profit to be distributed694/7€0€35k▲
Return on contributions (dividend)694€0€35k▲
The notes to these accounts (15 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
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
30-06
Financial
Weakest financial yearnet €-46k ▼188%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
26-12
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.
Directors · office · real estate
Directors
6 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, Berlare · 1 establishment unit 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.
Sint Jobstraat(B) 289290 BerlareGround area
681 m²
Building footprint
209 m²
Volume, LiDAR
836 m³
Parcel 42003D0560/00T002, Flanders · tallest building 14.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Brunsk
since 20112.203.611.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003D0560/00T002 | Flanders | 681 m² | 1 · 209 m² | 14.8 m · 1 fl. |
Linked by address, not proof of ownership
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.
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Of 1,987 companies in sector 90120 we hold annual accounts for 208. 155 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2011
Fiscal year end30-06
Activities, NACEBEL
90032Arts creation and performing arts activities
90120Visual arts creation
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.