BRUSSCO
ActiveSummary
BRUSSCO has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €43,974 and a net result of -€10,101. Equity is shrinking by ~17.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▲+52
Solvency84▼-6
Growth32=
Track record92
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.26 in 2023; short-term debt: 39.9% and cash: 53.4% of total assets), and 40.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
59.2%
Return on assets
-13.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
42 d early
2023
40 d early
2022
35 d early
2021
31 d late
2020
24 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€43,974▼ 18.7%
2023 · €54,076
Total assets
€74,322▼ 11.0%
2023 · €83,510
Net result
-€10,101▲ 54.4%
2023 · -€22,164
Working capital
€25,241▼ 32.2%
2023 · €37,214
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,049▼ 38.5%€73,472▲ 331%€60,249▼ 18.0%-€12,057€7,677
Net result€13,515within the sector's middle half▼ 50.1%€66,413above the sector's middle half▲ 391%€41,920within the sector's middle half▼ 36.9%-€22,164below the sector's middle half-€10,101below the sector's middle half▲ 54.4%
Equity€67,907within the sector's middle half▼ 55.4%€134,320within the sector's middle half▲ 97.8%€76,240within the sector's middle half▼ 43.2%€54,076within the sector's middle half▼ 29.1%€43,974within the sector's middle half▼ 18.7%
Total assets€119,745within the sector's middle half▼ 30.5%€213,958within the sector's middle half▲ 78.7%€155,104within the sector's middle half▼ 27.5%€83,510within the sector's middle half▼ 46.2%€74,322below the sector's middle half▼ 11.0%
Debt€51,838▲ 159%€79,637▲ 53.6%€78,864▼ 1.0%€29,434▼ 62.7%€30,347▲ 3.1%
Working capital€33,861within the sector's middle half▼ 75.4%€94,210within the sector's middle half▲ 178%€34,174within the sector's middle half▼ 63.7%€37,214within the sector's middle half▲ 8.9%€25,241within the sector's middle half▼ 32.2%
Solvency56.7%within the sector's middle half▼ 31.7pp62.8%within the sector's middle half▲ 6.1pp49.2%within the sector's middle half▼ 13.6pp64.8%within the sector's middle half▲ 15.6pp59.2%within the sector's middle half▼ 5.6pp
Current ratio1.65within the sector's middle half▼ 6.212.18within the sector's middle half▲ 0.531.43within the sector's middle half▼ 0.752.26within the sector's middle half▲ 0.831.85within the sector's middle half▼ 0.41
Return on assets (ROA)11.3%within the sector's middle half▼ 4.4pp31.0%above the sector's middle half▲ 19.8pp27.0%within the sector's middle half▼ 4.0pp-26.5%below the sector's middle half▼ 53.6pp-13.6%below the sector's middle half▲ 12.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7,677 after a loss of €12,057 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74,322
Fixed assets
€19,415 ▲ 15.1%
Current assets
€54,907 ▼ 17.6%
Equity and liabilities €74,322
Equity
€43,974 ▼ 18.7%
Debt
€30,347 ▲ 3.1%
Debt's share of the balance-sheet total rises from 35.2% to 40.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13,983▲
2023 · -€6,696
Cash flow
-€3,795▲
2023 · -€16,804
Debt to equity
0.69▲
2023 · 0.54
ROE
-23.0%▲
2023 · -41.0%
Interest coverage
45.92▲
2023 · -62.36
Debt ≤ 1 year
€29,665▲
2023 · €29,434
Income taxes
€17,474▲
2023 · €10,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 4,805 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,925 | €7,248 | €4,647 | €5,360 | €6,306 | ▲ 17.6% |
| Other operating charges640/8 | - | €756 | €338 | €777 | €3,447 | ▲ 344% |
| Non-recurring operating charges66A | - | - | - | €25,000 | - | - |
| Gross operating margin9900 | €24,601 | €81,475 | €65,234 | €19,080 | €17,430 | ▼ 8.7% |
| Operating profit (loss)9901 | €17,049 | €73,472 | €60,249 | -€12,057 | €7,677 | ▲ 164% |
| Financial charges65/66B | - | €248 | €282 | €107 | €305 | ▲ 184% |
| Recurring financial charges65 | €33 | €248 | €282 | €107 | €305 | ▲ 184% |
| Profit (loss) for the period before taxes9903 | €17,015 | €73,223 | €59,967 | -€12,164 | €7,372 | ▲ 161% |
| Income taxes67/77 | €3,500 | €6,811 | €18,047 | €10,000 | €17,474 | ▲ 74.7% |
| Profit (loss) for the period9904 | €13,515 | €66,413 | €41,920 | -€22,164 | -€10,101 | ▲ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €13,515 | €66,413 | €41,920 | -€22,164 | -€10,101 | ▲ 54.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119,745 | €213,958 | €155,104 | €83,510 | €74,322 | ▼ 11.0% |
| Fixed assets21/28 | €34,047 | €40,111 | €42,066 | €16,861 | €19,415 | ▲ 15.1% |
| Tangible fixed assets22/27 | €9,047 | €15,111 | €17,066 | €16,861 | €19,415 | ▲ 15.1% |
| Plant, machinery and equipment23 | - | €15,111 | €15,692 | €12,109 | €8,573 | ▼ 29.2% |
| Furniture and vehicles24 | - | - | €1,374 | €4,752 | €10,842 | ▲ 128% |
| Financial fixed assets28 | €25,000 | €25,000 | €25,000 | - | - | - |
| Current assets29/58 | €85,699 | €173,847 | €113,038 | €66,648 | €54,907 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €8,631 | €17,101 | €18,468 | €17,199 | €15,246 | ▼ 11.4% |
| Trade receivables40 | - | €17,101 | €18,468 | €17,198 | €15,246 | ▼ 11.4% |
| Other amounts receivable41 | - | - | - | €1 | - | - |
| Cash at bank and in hand54/58 | €77,068 | €156,746 | €94,570 | €49,450 | €39,661 | ▼ 19.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119,745 | €213,958 | €155,104 | €83,510 | €74,322 | ▼ 11.0% |
| Equity10/15 | €67,907 | €134,320 | €76,240 | €54,076 | €43,974 | ▼ 18.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €47,447 | €113,860 | €55,780 | €33,616 | €23,514 | ▼ 30.0% |
| Amounts payable17/49 | €51,838 | €79,637 | €78,864 | €29,434 | €30,347 | ▲ 3.1% |
| Amounts payable within one year42/48 | €51,838 | €79,637 | €78,864 | €29,434 | €29,665 | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €2,011 | - | - | - | - |
| Financial debts43 | - | €53,139 | €30,417 | €14,713 | €6,593 | ▼ 55.2% |
| Credit institutions430/8 | - | €53,139 | €30,417 | €14,713 | €6,593 | ▼ 55.2% |
| Trade debts44 | €21,697 | €3,243 | €2,411 | €2,361 | €113 | ▼ 95.2% |
| Suppliers440/4 | - | €3,243 | €2,411 | €2,361 | €113 | ▼ 95.2% |
| Taxes, remuneration and social security45 | - | €21,244 | €31,036 | €12,361 | €22,959 | ▲ 85.7% |
| Taxes450/3 | - | €21,244 | €23,536 | €7,361 | €12,959 | ▲ 76.0% |
| Remuneration and social security454/9 | - | - | €7,500 | €5,000 | €10,000 | ▲ 100% |
| Other amounts payable47/48 | - | - | €15,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €682 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,515 | €66,413 | €41,920 | -€22,164 | -€10,101 | ▲ 54.4% |
| + Depreciation and write-downs630 | €6,925 | €7,248 | €4,647 | €5,360 | €6,306 | ▲ 17.6% |
| Operating cash flow (approximation) | €20,441 | €73,660 | €46,567 | -€16,804 | -€3,795 | ▲ 77.4% |
| Investment in fixed assets (approximation) | - | -€13,312 | -€6,602 | €19,844 | -€8,860 | ▼ 145% |
| Change in cash | - | €79,678 | -€62,176 | -€45,120 | -€9,789 | ▲ 78.3% |
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
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-05
KBO administration
UBO non-compliance
event 22-04-2024
2023
31-12
Financial
Weakest financial yearnet -€22,164
Net result drops to -€22,164, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €66,413 ▲391%
Operating result €73,472, net result €66,413, both a record.
31-12
Financial
Equity above €100,000Eq €134,320 ▲97.8%
4 profitable years in a row build equity to €134,320.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 7.86
Current ratio from 3.91 to 7.86; short-term debt falls from €34,846 to €20,012.
Show earlier events
31-12
Financial
Equity above €150,000Eq €152,392 ▲28%
2 profitable years in a row build equity to €152,392.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Rixensart · 1 establishment unit since 2015
Ground area
1,698 m²
Building footprint
136 m²
Volume, LiDAR
878 m³
Parcel 25033B0758/02B000, Wallonia · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fontaine Fonteny 16, 1332 Rixensart
since 20152.245.005.117
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B0758/02B000 | Wallonia | 1,698 m² | 1 · 136 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 82,646 companies in sector 70200 we hold annual accounts for 52,627. 37,393 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635518363
Also
9925:BE0635518363
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.