BRUSSAM
ActiveBRUSSAM has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €1.57M and a net result of €13k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 62% of 1192 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2023
72
/ 100
Healthy▲ +29 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability37▲+14
Solvency64▼-1
Growth61▲+20
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days only on tighter terms
Liquidity short (current ratio 0.51 against 0.58 in 2022), and 44.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
55.1%
Return on assets
0.5%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 08-10-2024, 69 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
not confirmed
2024
not filed
2023
69 d late
2022
72 d late
2021
79 d late
2020
90 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
€1.32M▲ 19.2%
2022 · €1.10M
2018: €819k
2019: €1.00M
2020: €792k
2021: €1.10M
2022: €1.10M
2018 → 2023
EBIT margin
5.5%▲ 3.8pp
2022 · 1.6%
2018: 6.0%
2019: 5.2%
2020: 7.8%
2021: 5.8%
2022: 1.6%
2018 → 2023
Net result
€13k
2022 · €-32k
2018: €-5k
2019: €-13k
2020: €15k
2021: €10k
2022: €-32k
2018 → 2023
Working capital
€-400k▼ 22.7%
2022 · €-326k
2018: €2k
2019: €-118k
2020: €-154k
2021: €-150k
2022: €-326k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.00M-€792k▼ 21.0%€1.10M▲ 38.8%€1.10M▲ 0.5%€1.32M▲ 19.2%
Equity€1.58M-€1.60M▲ 1.0%€1.61M▲ 0.6%€1.57M▼ 2.0%€1.57M=
Operating result€52k-€61k▲ 18.9%€64k▲ 3.8%€18k▼ 71.8%€72k▲ 300%
Net result€-13k-€15k€10k▼ 35.6%€-32k€13k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 300% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.85M
Fixed assets
€2.44M▼ 4.4%
Current assets
€416k▼ 6.1%
Equity and liabilities €2.85M
Equity
€1.57M=
Debt
€1.28M▼ 9.7%
The debt ratio falls from 47.4% to 44.9%: debt is paid down.
Key figures and ratios
EBITDA
€204k▲
2022 · €131k
Cash flow
€145k▲
2022 · €81k
Solvency
55.1%▲
2022 · 52.6%
Current ratio
0.51▼
2022 · 0.58
Quick ratio
0.46▼
2022 · 0.57
Debt / equity
0.81▼
2022 · 0.90
ROE
0.8%▲
2022 · -2.0%
ROA
0.5%▲
2022 · -1.1%
Interest coverage
3.61▲
2022 · 2.91
Debt
€1.28M▼
2022 · €1.42M
Debt ≤ 1 year
€816k▲
2022 · €769k
Debt > 1 year
€379k▼
2022 · €585k
Income taxes
€2k▼
2022 · €6k
Staff costs
€122k▼
2022 · €129k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€2.99M€2.85M▼
Fixed assets21/28€2.55M€2.44M▼
Tangible fixed assets22/27€981k€893k▼
Land and buildings22€750k€653k▼
Plant, machinery and equipment23€47k€34k▼
Furniture and vehicles24€178k€200k▲
Leasing and similar rights25€5k€5k=
Financial fixed assets28€1.57M€1.54M▼
Current assets29/58€443k€416k▼
Stocks and contracts in progress3€8k€41k▲
Stocks30/36€8k€41k▲
Amounts receivable within one year40/41€340k€347k▲
Trade receivables40€336k€335k▼
Other amounts receivable41€4k€12k▲
Cash at bank and in hand54/58€45k€7k▼
Deferred charges and accrued income490/1€49k€21k▼
Equity and liabilities
Total equity and liabilities10/49€2.99M€2.85M▼
Equity10/15€1.57M€1.57M=
Contributions10/11€1.52M€1.52M=
Capital10€1.52M€1.52M=
Issued capital100€1.52M€1.52M=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€39k€39k▲
Amounts payable17/49€1.42M€1.28M▼
Amounts payable after more than one year17€585k€379k▼
Financial debts170/4€585k€379k▼
Amounts payable within one year42/48€769k€816k▲
Current portion of amounts payable after more than one year42€229k€215k▼
Trade debts44€267k€339k▲
Suppliers440/4€267k€339k▲
Taxes, remuneration and social security45€33k€37k▲
Taxes450/3€11k€4k▼
Remuneration and social security454/9€21k€33k▲
Other amounts payable47/48€240k€224k▼
Accrued charges and deferred income492/3€65k€85k▲
Income statement
Code20222023
Turnover70€1.10M€1.32M▲
Goods, raw materials, services and sundry goods60/61€795k€928k▲
Remuneration, social security and pensions62€129k€122k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€132k▲
Other operating charges640/8€49k€63k▲
Gross operating margin9900€309k€389k▲
Operating profit (loss)9901€18k€72k▲
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€45k€56k▲
Recurring financial charges65€45k€56k▲
Profit (loss) for the period before taxes9903€-26k€15k▲
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€-32k€13k▲
Profit (loss) for the period to be appropriated9905€-32k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€52k▲
Profit (loss) brought forward from the previous period14P€71k€39k▼
Profit to be distributed694/7-€13k
Directors or managers695-€13k
Social balance
Average headcount (FTE)90873.33.4▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 72 days late
2022
31-12
Financial
Weakest financial yearnet €-32k ▼421%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 79 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
16-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 47 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 65 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
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, Anderlecht · 1 establishment unit since 1975
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.
Elsa Frisonsquare 251070 AnderlechtGround area
164 m²
Parcel 21306C0162/00P000, Brussels. Linked by address, not a title deed.
1 establishment unit
Elsa Frisonsquare 25, 1070 Anderlecht
since 19752.038.237.244
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0162/00P000 | Brussels | 164 m² | - | - |
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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DEVIAN
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COSIFARMA
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Of 11,177 companies in sector 82100 we hold annual accounts for 3,491. 1,227 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-03-1975
Fiscal year end31-12
Activities, NACEBEL
74142
74851
82100Office administrative and support services
82190Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.