BRUOCSELLA
ActiveSummary
BRUOCSELLA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.9m and a net result of -€542,824. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 4834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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History
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
- 2021 Turnover +109% on 2020. The previous fiscal year ran 18 months, this one 12.
- 2020 Net result -89% on 2019. This fiscal year ran 18 months, the previous one 12.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €10.8m | €17.0m | €6.4m | €4.0m | ▼ 38.3% |
| Turnover70 | €4.3m | €9.0m | €16.1m | €5.5m | €2.7m | ▼ 49.8% |
| Other operating income74 | - | €822,597 | €860,855 | €970,679 | €1.1m | ▲ 9.8% |
| Non-recurring operating income76A | - | €981,213 | €13,703 | €0 | €163,898 | - |
| Operating charges60/66A | - | €11.3m | €16.6m | €7.0m | €4.4m | ▼ 36.7% |
| Goods for resale, raw materials and consumables60 | - | €8.1m | €14.6m | €4.7m | €2.6m | ▼ 45.1% |
| Purchases600/8 | - | €11.2m | €7.6m | €1.2m | €416,068 | ▼ 63.9% |
| Change in stocks: decrease (increase)609 | - | -€3.1m | €6.9m | €3.5m | €2.2m | ▼ 39.0% |
| Services and other goods61 | - | €1.8m | €1.8m | €1.4m | €1.1m | ▼ 23.3% |
| Remuneration, social security and pensions62 | - | €191,604 | €141,689 | €101,956 | €61,512 | ▼ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.0m | €747,084 | €758,092 | €709,442 | €616,273 | ▼ 13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,744 | €2,826 | €3,881 | €4,037 | ▲ 4.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €378,000 | -€762,000 | €0 | - | - |
| Other operating charges640/8 | - | €82,693 | €86,565 | €93,987 | €96,165 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | €4,487 | €0 | €1,408 | - |
| Operating profit (loss)9901 | €729,487 | -€508,267 | €453,429 | -€566,074 | -€460,215 | ▲ 18.7% |
| Financial income75/76B | - | €42,370 | €13,600 | €60,583 | €44,909 | ▼ 25.9% |
| Recurring financial income75 | €6,621 | €42,370 | €13,600 | €60,583 | €44,909 | ▼ 25.9% |
| Income from current assets751 | - | €42,369 | €13,590 | €60,583 | €44,909 | ▼ 25.9% |
| Other financial income752/9 | - | €1 | €10 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €582,351 | €1.2m | €348,379 | €127,518 | ▼ 63.4% |
| Recurring financial charges65 | €373,295 | €582,351 | €1.2m | €348,379 | €127,518 | ▼ 63.4% |
| Debt charges650 | €360,742 | €544,899 | €1.1m | €336,981 | €116,653 | ▼ 65.4% |
| Other financial charges652/9 | - | €37,452 | €16,682 | €11,399 | €10,864 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €362,814 | -€1.0m | -€686,837 | -€853,871 | -€542,824 | ▲ 36.4% |
| Income taxes67/77 | €112,202 | -€148 | €145 | €0 | - | - |
| Taxes670/3 | - | €270 | €145 | €0 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €418 | €0 | - | - | - |
| Profit (loss) for the period9904 | €250,612 | -€1.0m | -€686,982 | -€853,871 | -€542,824 | ▲ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €250,612 | -€1.0m | -€686,982 | -€853,871 | -€542,824 | ▲ 36.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24.9m | €38.8m | €22.5m | €12.7m | €8.8m | ▼ 30.3% |
| Fixed assets21/28 | €7.3m | €6.8m | €6.1m | €5.4m | €4.8m | ▼ 11.3% |
| Tangible fixed assets22/27 | €7.3m | €6.8m | €6.1m | €5.4m | €4.8m | ▼ 11.3% |
| Plant, machinery and equipment23 | - | €30,660 | €22,188 | €13,716 | €5,950 | ▼ 56.6% |
| Furniture and vehicles24 | - | €424,676 | €239,374 | €117,558 | €39,008 | ▼ 66.8% |
| Leasing and similar rights25 | - | €2.8m | €2.5m | €2.3m | €2.0m | ▼ 10.3% |
| Other tangible fixed assets26 | - | €3.6m | €3.3m | €3.0m | €2.7m | ▼ 9.7% |
| Assets under construction and advance payments27 | - | €22,399 | €0 | - | - | - |
| Financial fixed assets28 | €308 | €308 | €308 | €300 | €300 | = |
| Other financial fixed assets284/8 | - | €308 | €308 | €300 | €300 | = |
| Amounts receivable and cash guarantees285/8 | - | €308 | €308 | €300 | €300 | = |
| Current assets29/58 | €17.6m | €32.0m | €16.4m | €7.3m | €4.1m | ▼ 44.4% |
| Stocks and contracts in progress3 | €10.0m | €13.1m | €6.2m | €2.7m | €502,226 | ▼ 81.1% |
| Stocks30/36 | - | €13.1m | €6.2m | €2.7m | €502,226 | ▼ 81.1% |
| Property held for sale35 | - | €13.1m | €6.2m | €2.7m | €502,226 | ▼ 81.1% |
| Amounts receivable within one year40/41 | €3.0m | €16.8m | €9.2m | €3.7m | €3.1m | ▼ 15.4% |
| Trade receivables40 | - | €12.7m | €8.2m | €2.6m | €1.1m | ▼ 57.5% |
| Other amounts receivable41 | - | €4.1m | €1.0m | €1.0m | €2.0m | ▲ 90.3% |
| Cash at bank and in hand54/58 | €107,890 | €1.3m | €237,118 | €47,028 | €59,108 | ▲ 25.7% |
| Deferred charges and accrued income490/1 | - | €726,568 | €754,075 | €906,433 | €382,819 | ▼ 57.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24.9m | €38.8m | €22.5m | €12.7m | €8.8m | ▼ 30.3% |
| Equity10/15 | €7.0m | €6.0m | €5.3m | €4.4m | €3.9m | ▼ 12.3% |
| Contributions10/11 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Capital10 | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Issued capital100 | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Non-distributable reserves130/1 | - | €87,000 | €87,000 | €87,000 | €87,000 | = |
| Legal reserve130 | - | €87,000 | €87,000 | €87,000 | €87,000 | = |
| Tax-exempt reserves132 | - | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Profit (loss) carried forward14 | €429,942 | -€618,157 | -€1.3m | -€2.2m | -€2.7m | ▼ 25.1% |
| Provisions and deferred taxes16 | €635,834 | €1.0m | €251,834 | €251,834 | €251,834 | = |
| Provisions for liabilities and charges160/5 | - | €1.0m | €251,834 | €251,834 | €251,834 | = |
| Other liabilities and charges164/5 | - | €1.0m | €251,834 | €251,834 | €251,834 | = |
| Amounts payable17/49 | €17.2m | €31.8m | €17.0m | €8.0m | €4.7m | ▼ 41.2% |
| Amounts payable after more than one year17 | €11.4m | €12.1m | €13.0m | €3.9m | €3.3m | ▼ 16.3% |
| Financial debts170/4 | - | €12.1m | €13.0m | €3.9m | €3.3m | ▼ 16.3% |
| Leasing and similar obligations172 | - | €2.7m | €2.5m | €2.2m | €2.0m | ▼ 11.3% |
| Credit institutions173 | - | €2.4m | €2.1m | €1.7m | €1.3m | ▼ 22.9% |
| Other loans174 | - | €7.0m | €8.4m | €0 | - | - |
| Amounts payable within one year42/48 | €5.9m | €19.6m | €4.0m | €4.1m | €1.4m | ▼ 65.0% |
| Current portion of amounts payable after more than one year42 | - | €600,470 | €582,114 | €1.6m | €639,231 | ▼ 59.5% |
| Financial debts43 | - | €8.9m | €1.0m | €0 | - | - |
| Credit institutions430/8 | - | €8.9m | €1.0m | €0 | - | - |
| Trade debts44 | €4.0m | €3.4m | €1.3m | €868,384 | €475,602 | ▼ 45.2% |
| Suppliers440/4 | - | €3.4m | €1.3m | €868,384 | €475,602 | ▼ 45.2% |
| Advances received on contracts in progress46 | - | €4.5m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €1.7m | €51,151 | €99,128 | €41,845 | ▼ 57.8% |
| Taxes450/3 | - | €1.6m | €41,358 | €85,820 | €39,223 | ▼ 54.3% |
| Remuneration and social security454/9 | - | €21,622 | €9,792 | €13,307 | €2,622 | ▼ 80.3% |
| Other amounts payable47/48 | - | €553,251 | €1.0m | €1.5m | €274,379 | ▼ 82.3% |
| Accrued charges and deferred income492/3 | - | €37,910 | €10,418 | €5,589 | €5,604 | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,612 | -€1.0m | -€686,982 | -€853,871 | -€542,824 | ▲ 36.4% |
| + Depreciation and write-downs630 | €1.0m | €747,084 | €758,092 | €709,442 | €616,273 | ▼ 13.1% |
| Operating cash flow (approximation) | €1.3m | -€301,015 | €71,110 | -€144,429 | €73,449 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€301,925 | -€27,775 | -€16,239 | -€5,046 | ▲ 68.9% |
| Change in cash | - | €1.2m | -€1.1m | -€190,090 | €12,080 | ▲ 106% |
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
07-07
State Gazette act
Reappointments: Maracana NV (director) and Minerva Management BV (director)Permanent representatives: De Graeve Frank and De Graeve Dirk8 facts ▸
- General meeting, 11-06-2026
- Director reappointment, Maracana NV (director)
- Permanent representative, De Graeve Frank (permanent representative)
- Director reappointment, Minerva Management BV (director)
- Permanent representative, De Graeve Dirk (permanent representative)
- Board meeting, 11-06-2026
- Director reappointment, Maracana NV (managing director)
- Director reappointment, Minerva Management BV (managing director)
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 2
Day-to-day management 2
Permanent representatives 2
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0275/00F003 | Flanders | 3,120 m² | 1 · 891 m² | 14.7 m |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| MARACANA |
|
| MINERVA MANAGEMENT |
|
Articles of association
Full text
- Minerva Management BV (Ondernemingsnummer: 0400.080.755), met zetel te Bogaertstraat 23, 9830 Sint-Martens-Latem, vertegenwoordigd door haar vaste vertegenwoordiger, de heer De Graeve Dirk, wonende te Bogaertstraat 23, 9830 Sint-Martens-Latem, tot gedelegeerd bestuurder. Algemene vertegenwoordigingsbevoegdheid In overeenstemming met de statuten wordt de vennootschap in en buiten rechte vertegenwoordigd door hetzij twee bestuurders samen optredend, hetzij door het afzonderlijk optreden van een gedelegeerd bestuurder, aangewezen door de raad van bestuur. Dagelijks bestuur Voor daden van dagelijks bestuur wordt de vennootschap geldig vertegenwoordigd door een gedelegeerd bestuurder, afzonderlijk optredend. De persoon of personen gelast met het dagelijks bestuur zullen in deze hoedanigheid beschikken over alle machten van en over de maatschappelijke handtekening voor alle handelingen van het dagelijks bestuur, zonder beperking van bedrag. NV "MARACANA" gedelegeerd bestuurder vertegenwoordigd door Frank DE GRAEVE vaste vertegenwoordiger
Structure & network
Owners and holdings
1 ownerChain of control
- SERVICE & DEVELOPMENT GROUP BELGIUM
- BRUOCSELLA
Highest known parent: SERVICE & DEVELOPMENT GROUP BELGIUM. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
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