Checked.be
Active
BE 0435.972.537Private limited company (pre-2019)
BRUSH
Katelijnestraat 10 ·9308 Aalst, Belgium· 37 yrs active
Sector: Painting of buildings
(43341)
Conclusion
BRUSH has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €93. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 36382 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €49k |
| Net result | €93 |
| Better than sector | 71% |
| Active | 37 yrs |
Financial profile
64
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
1
Solvency
99
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1988, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
86
2021
52
2022
100
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.98 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.42 (≥ 1.0)
+5
Leverage
Debt/equity 0.53 (< 1.0)
+10
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 12.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~115% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.5% | 46.6% | |
| Net result | €93 | €9k | |
| Equity | €49k | €58k | |
| Gross operating margin | €8k | €38k | |
| Total assets | €74k | €140k |
€6k
-53.8%
21-24
€93
-98.5%
21-24
€5k
-53.0%
21-24
€74k
+8.4%
21-24
€49k
+0.2%
21-24
€25k
+25.6%
21-24
€140
-81.1%
21-24
€26k
+28.4%
21-24
€26k
+30.8%
21-24
€0
-100.0%
21-24
1.98
-2.0%
21-24
1.42
-0.2%
21-24
65.5%
-7.6%
21-24
0.53
+28.1%
21-24
0.2%
-98.5%
21-24
0.1%
-98.6%
21-24
12.42
-22.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €6k | €13k | €-6k | €13k |
| Net profit | €93 | €6k | €-16k | €329 |
| Cash flow | €5k | €12k | €-10k | €7k |
| Staff costs | - | - | - | - |
| Income taxes | €140 | €739 | €3k | €6k |
| Dividends | - | - | - | - |
| Total assets | €74k | €69k | €66k | €94k |
| Equity | €49k | €49k | €43k | €58k |
| Debt | €26k | €20k | €23k | €36k |
| of which ≤ 1y | €26k | €20k | €18k | €26k |
| of which > 1y | €0 | €366 | €5k | €9k |
| Working capital | €25k | €20k | €13k | €27k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.98 | 2.02 | 1.69 | 2.03 |
| Quick ratio | 1.42 | 1.42 | 1.30 | 1.68 |
| Working capital ratio | 33.6% | 29.0% | 19.3% | 28.9% |
| Solvency | 65.5% | 70.9% | 64.8% | 61.7% |
| Debt / equity | 0.53 | 0.41 | 0.54 | 0.62 |
| Long-term debt ratio | 0.00 | 0.01 | 0.11 | 0.16 |
| Interest coverage | 12.42 | 15.98 | -7.12 | 24.54 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.1% | 8.8% | -23.7% | 0.3% |
| ROE | 0.2% | 12.5% | -36.6% | 0.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €74k | €69k | €66k | €94k |
| Fixed assets | 21/28 | €24k | €29k | €35k | €41k |
| Tangible fixed assets | 22/27 | €24k | €29k | €35k | €41k |
| Financial fixed assets | 28 | €26 | €26 | €26 | €116 |
| Current assets | 29/58 | €51k | €40k | €31k | €54k |
| Stocks & contracts in progress | 3 | €14k | €12k | €7k | €9k |
| Amounts receivable within one year | 40/41 | €6k | €4k | €12k | €25k |
| Cash & bank | 54/58 | €30k | €24k | €12k | €19k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €74k | €69k | €66k | €94k |
| Equity | 10/15 | €49k | €49k | €43k | €58k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €43k | €42k | €52k | €52k |
| Accumulated profits (losses) | 14 | - | €0 | €-16k | - |
| Amounts payable | 17/49 | €26k | €20k | €23k | €36k |
| Amounts payable after one year | 17 | €0 | €366 | €5k | €9k |
| Amounts payable within one year | 42/48 | €26k | €20k | €18k | €26k |
| Trade debts payable within one year | 44 | €13k | €9k | €6k | €8k |
| Income statement | |||||
| Gross operating margin | 9900 | €8k | €15k | €-3k | €14k |
| Operating result | 9901 | €720 | €8k | €-12k | €7k |
| Financial income | 75 | €4 | €0 | €0 | €41 |
| Financial charges | 65 | €491 | €826 | €774 | €541 |
| Result before taxes | 9903 | €232 | €7k | €-12k | €6k |
| Income taxes | 67/77 | €140 | €739 | €3k | €6k |
| Net result for the period | 9904 | €93 | €6k | €-16k | €329 |
| Result to be appropriated | 9905 | €93 | €6k | €-16k | €329 |
Legal Structure
| NACE primary | Painting of buildings(43341) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 13-12-1988 |
| Status | Active |
| Postal code | 9308 |
Establishment units
Katelijnestraat 10, 9308 Aalst
since 19882.041.367.176
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029B0122/00L000 | Flanders | 622 m² | 1 · 171 m² | 9.7 m · 2 fl. |
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.
Updates
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-16k ▼4850%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Painting of buildings43341Joinery installation43320Laying of wooden floor and wall coverings43332454224543245441Arts creation and performing arts activities90031Literary creation90111
Names & trade names
| Legal nameNL | BRUSH |
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