Equity
€88,889 ▲ 177%
Equity rose in 2025 from €32,063 to €88,889.
BRUSARI
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €208,037 (2019)
€201,747▲ 16.3%
lowest -€138,294 (2013)
€56,826▼ 7.1%
peak €88,889 (2025)
€88,889▲ 177%
€931,838▼ 44.8%
peak 0.3 FTE (2017)
-not published
Board2 names since 2017
1 directorArnaud Verougstraete
Documentsfilings and deeds
16-09-202647 days late
2025abbreviated format
Gross margin from €173,485 to €201,747Equity from €32,063 to €88,889Debts from €1.7m to €931,838Cash from €972,912 to €338,808
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 57% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.3 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 47 days late; 1 of the last 3 accounts late
Equity €88,889 (8.7% of total assets)
lowers risk
Size: total assets €1.0m
Liquidity: current ratio 0.38, cash €338,808, halved
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 30% of them on solvency, 35% on liquidity, 71% on profitability and 95% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 496 companies had the same profile as BRUSARI has now. Each dot is one company, two years later.
95.6%
were still trading
3.2%
stopped another way
1.2%
went bankrupt
That fits the bankruptcy probability of BRUSARI itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 496 companies, not a prediction for BRUSARI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.38 (0.58 in 2024), below 1. Short-term debt is 91.3% and cash 33.2% of total assets. 91.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 47 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
47 days late
2024
29 days late
2023
18 days late
2022
29 days late
2021
3 days early
2020
30 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458653909
Resignation: Florence Verougstraete (director)
Reappointment: Arnaud Verougstraete (director) · Director discharge: Florence Verougstraete · General meeting of 16-02-2024 · Gazette deed
Reappointments: Florence VEROUGSTRAETE (director) and Arnaud VEROUGSTRAETE (managing director)
General meeting of 21-02-2020 · Gazette deed
First establishment
Uruguaylaan 5, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRUSARI Brussels | €1.0m | €201,747 | 8.7% | - |
| Roggim Woluwe-Saint-Lambert | €1.0m | €236,220 | 74.9% | - |
| DUKS Woluwe-Saint-Lambert | €1.1m | €208,247 | 49.7% | - |
| DEWIGEST Ixelles | €1.1m | €219,565 | 80.2% | - |
| GALAXIT Antwerp | €1.1m | €191,832 | 49.6% | - |
| ETS LECLERCQS - BERNARD Flémalle | €1.1m | €217,875 | 22.6% | - |
| DETROVAN La Bruyère | €1.0m | €205,164 | 75.1% | - |
These companies have the same main activity as BRUSARI: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €982,000 and €1.1m, founded between 1992 and 1999.
Official details
Source: KBO- Status
- Active since 28-08-1996Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Joint committee
- 100Auxiliary committee for blue-collar workers · annual accounts 2022
- Establishment unit
- 2.078.086.1311000 Brussels, since 06-09-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2025
Insights on BRUSARI
BRUSARI files the abbreviated format. That format states no turnover. The gross margin rose from €16,659 in 2006 to €201,747 in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BRUSARI
- What is the company number of BRUSARI?
- The company number of BRUSARI is 0458.653.909. The VAT number is the same number with BE in front: BE 0458.653.909.
- Where is BRUSARI based?
- The registered office is at Uruguaylaan 5, 1000 Brussels.Company details
- What does BRUSARI do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of BRUSARI?
- BRUSARI is a public limited company (NV).
- When was BRUSARI founded?
- BRUSARI was founded on 28-08-1996.
- Is BRUSARI still active?
- Yes, BRUSARI is an active enterprise in the KBO register.
- Which joint committee does BRUSARI fall under?
- In its 2022 annual accounts, BRUSARI states joint committee 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of BRUSARI?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €201,747 and 31 comparable companies (NACE 68201). It probably lies between €230,000 and €400,000.Financials
- Is BRUSARI profitable?
- In financial year 2025, BRUSARI made a profit of €56,826.
- Where can I find the annual accounts of BRUSARI?
- BRUSARI filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRUSARI due?
- BRUSARI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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