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BRUSSEL'S EXPORT

Active
Private limited companyfounded 201313 yrs activeMaurice Lemonnierlaan 180, 1000 Brussel, BelgiumKBO/BCE: BE 0502.677.655
Summary

The computed 12-month bankruptcy probability of BRUSSEL'S EXPORT is 4.5% (elevated). The annual accounts of BRUSSEL'S EXPORT for fiscal year 2024 show a net loss of 76% of the equity at the start of that year. The 2024 annual accounts show equity of €9,363 and a net result of -€29,629. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 15869 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Risk analysis Watch Report Compare
BRUSSEL'S EXPORTActiveChecked score 19/100
Risk analysis Report Compare

Checked score

Score 2024
19 / 100
Critical
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-51
Solvency27▼-8
Growth32▼-20
Track record84
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.05 in 2023; short-term debt: 97.6% and cash: 1.3% of total assets), and 97.6% 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

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
2.4%
Return on assets
-7.6%
Age of the figures
21 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15869 sector peers (2024).
NBB · sector comparison
Position among 15869 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 filings
Deviation from the deadline
2025
not confirmed
2024
89 d late
2023
85 d late
2022
85 d late
2021
152 d late
2020
514 d late
2019
186 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 185 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled

History

BRUSSEL'S EXPORT was incorporated on 22 January 2013.1 Total assets went from EUR 430,526 in 2019 to EUR 390,631 in 2024 and headcount from 3 full-time equivalents in 2020 to 5 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2020, 2023 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€29,629
2023 · €10,853
Working capital
-€8,235
2023 · €16,933
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€21,935-€12,073▲ 45.0%€20,032€20,084▲ 0.3%-€16,787
Net result-€2,856below the sector's middle half-€2,841below the sector's middle half▲ 0.5%€17,135within the sector's middle half€10,853within the sector's middle half▼ 36.7%-€29,629below the sector's middle half
Equity€13,845below the sector's middle half▼ 17.1%€11,005below the sector's middle half▼ 20.5%€28,139below the sector's middle half▲ 156%€38,992below the sector's middle half▲ 38.6%€9,363within the sector's middle half▼ 76.0%
Total assets€282,883below the sector's middle half▼ 34.3%€282,286below the sector's middle half▼ 0.2%€402,225below the sector's middle half▲ 42.5%€380,029below the sector's middle half▼ 5.5%€390,631within the sector's middle half▲ 2.8%
Debt€269,038▼ 35.0%€271,282▲ 0.8%€374,086▲ 37.9%€341,037▼ 8.8%€381,268▲ 11.8%
Working capital-€18,916below the sector's middle half▼ 36.3%-€21,861below the sector's middle half▼ 15.6%€510below the sector's middle half€16,933below the sector's middle half▲ 3,221%-€8,235below the sector's middle half
Solvency4.9%below the sector's middle half▲ 1.0pp3.9%below the sector's middle half▼ 1.0pp7.0%below the sector's middle half▲ 3.1pp10.3%below the sector's middle half▲ 3.3pp2.4%below the sector's middle half▼ 7.9pp
Current ratio0.93below the sector's middle half▼ 0.040.92below the sector's middle half▼ 0.011.00below the sector's middle half▲ 0.081.05below the sector's middle half▲ 0.050.98within the sector's middle half▼ 0.07
Return on assets (ROA)-1.0%below the sector's middle half▼ 3.7pp-1.0%below the sector's middle half=4.3%within the sector's middle half▲ 5.3pp2.9%within the sector's middle half▼ 1.4pp-7.6%below the sector's middle half▼ 10.4pp
Staff (FTE)3below the sector's middle half5within the sector's middle half▲ 66.7%10within the sector's middle half▲ 100%5within the sector's middle half▼ 50.0%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: -€21,935-€21,935Net result 2020: -€2,856-€2,856Operating result 2021: -€12,073-€12,073Net result 2021: -€2,841-€2,841Operating result 2022: €20,032€20,032Net result 2022: €17,135€17,135Operating result 2023: €20,084€20,084Net result 2023: €10,853€10,853Operating result 2024: -€16,787-€16,787Net result 2024: -€29,629-€29,62920202021202220232024-€40,000-€20,000€0€20,000Operating result 2022: €20,032€20,000Net result 2022: €17,135€17,100Operating result 2023: €20,084€20,100Net result 2023: €10,853€10,900Operating result 2024: -€16,787-€16,800Net result 2024: -€29,629-€29,600202220232024
The operating result turns negative in 2024: a loss of €16,787 after €20,084 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €390,631
Fixed assets €17,598 ▼ 20.2%
Current assets €373,033 ▲ 4.2%
Equity and liabilities €390,631
Equity €9,363 ▼ 76.0%
Debt €381,268 ▲ 11.8%
Debt's share of the balance-sheet total rises from 89.7% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€12,326▼
2023 · €25,654
Cash flow
-€25,168▼
2023 · €16,423
Quick ratio
0.75▼
2023 · 0.78
Debt to equity
40.72▲
2023 · 8.75
ROE
-316.4%▼
2023 · 27.8%
Interest coverage
-63.46▼
2023 · 4.52
Debt ≤ 1 year
€381,268▲
2023 · €341,037
Income taxes
€12,647▲
2023 · €5,572
Staff costs
€63,505▼
2023 · €83,015
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.9% went bankrupt
2.9% stopped otherwise
94% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,037 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet Code20232024
Assets
Total assets20/58€380,029€390,631▲
Fixed assets21/28€22,059€17,598▼
Tangible fixed assets22/27€6,309€1,848▼
Plant, machinery and equipment23€3,137€1,154▼
Furniture and vehicles24€800-
Other tangible fixed assets26€2,372€695▼
Financial fixed assets28€15,750€15,750=
Current assets29/58€357,969€373,033▲
Stocks and contracts in progress3€93,350€86,610▼
Stocks30/36€93,350€86,610▼
Amounts receivable within one year40/41€264,415€281,391▲
Trade receivables40€247,481€257,714▲
Other amounts receivable41€16,934€23,676▲
Cash at bank and in hand54/58€205€5,032▲
Equity and liabilities
Total equity and liabilities10/49€380,029€390,631▲
Equity10/15€38,992€9,363▼
Contributions10/11€18,600€18,600=
Reserves13€106€106=
Non-distributable reserves130/1€106€106=
Reserves not available under the articles1311€106€106=
Profit (loss) carried forward14€20,287-€9,342▼
Amounts payable17/49€341,037€381,268▲
Amounts payable within one year42/48€341,037€381,268▲
Trade debts44€9,566€14,812▲
Suppliers440/4€9,566€14,812▲
Advances received on contracts in progress46€264,270€264,270=
Taxes, remuneration and social security45€67,201€102,185▲
Taxes450/3€4,233€3,549▼
Remuneration and social security454/9€62,967€98,636▲
Income statement Code20232024
Remuneration, social security and pensions62€83,015€63,505▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,570€4,461▼
Other operating charges640/8€508€1,795▲
Gross operating margin9900€109,177€52,975▼
Operating profit (loss)9901€20,084-€16,787▼
Financial income75/76B€2,018-
Recurring financial income75€2,018-
Non-recurring financial income76B€0-
Financial charges65/66B€5,677€194▼
Recurring financial charges65€5,677€194▼
Profit (loss) for the period before taxes9903€16,425-€16,981▼
Income taxes67/77€5,572€12,647▲
Profit (loss) for the period9904€10,853-€29,629▼
Profit (loss) for the period to be appropriated9905€10,853-€29,629▼
Appropriation of the result
Profit (loss) to be appropriated9906€20,287-€9,342▼
Profit (loss) brought forward from the previous period14P€9,434€20,287▲
Social balance
Average headcount (FTE)90875.0-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62€81,399€121,726€218,088€83,015€63,505▼ 23.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,132€4,896€5,236€5,570€4,461▼ 19.9%
Other operating charges640/8€403-€947€508€1,795▲ 253%
Gross operating margin9900€64,998€114,549€244,302€109,177€52,975▼ 51.5%
Operating profit (loss)9901-€21,935-€12,073€20,032€20,084-€16,787▼ 184%
Financial income75/76B€19,250€12,042-€2,018--
Recurring financial income75€19,250€12,042-€2,018--
Non-recurring financial income76B€19,250€12,042-€0--
Financial charges65/66B€171€409€288€5,677€194▼ 96.6%
Recurring financial charges65€171€409€288€5,677€194▼ 96.6%
Profit (loss) for the period before taxes9903-€2,856-€441€19,743€16,425-€16,981▼ 203%
Income taxes67/77-€2,400€2,609€5,572€12,647▲ 127%
Profit (loss) for the period9904-€2,856-€2,841€17,135€10,853-€29,629▼ 373%
Profit (loss) for the period to be appropriated9905-€2,856-€2,841€17,135€10,853-€29,629▼ 373%
Line20202021202220232024Change
Assets
Total assets20/58€282,883€282,286€402,225€380,029€390,631▲ 2.8%
Fixed assets21/28€32,761€32,865€27,629€22,059€17,598▼ 20.2%
Tangible fixed assets22/27€17,011€17,115€11,879€6,309€1,848▼ 70.7%
Plant, machinery and equipment23€6,823€9,497€6,137€3,137€1,154▼ 63.2%
Furniture and vehicles24€3,200€2,400€1,600€800--
Other tangible fixed assets26€6,988€5,218€4,142€2,372€695▼ 70.7%
Financial fixed assets28€15,750€15,750€15,750€15,750€15,750=
Current assets29/58€250,121€249,421€374,596€357,969€373,033▲ 4.2%
Stocks and contracts in progress3€141,380€146,880€66,880€93,350€86,610▼ 7.2%
Stocks30/36€141,380€146,880€66,880€93,350€86,610▼ 7.2%
Amounts receivable within one year40/41€108,142€90,698€307,152€264,415€281,391▲ 6.4%
Trade receivables40€97,356€76,673€290,618€247,481€257,714▲ 4.1%
Other amounts receivable41€10,786€14,025€16,534€16,934€23,676▲ 39.8%
Cash at bank and in hand54/58€599€11,843€564€205€5,032▲ 2,360%
Equity and liabilities
Total equity and liabilities10/49€282,883€282,286€402,225€380,029€390,631▲ 2.8%
Equity10/15€13,845€11,005€28,139€38,992€9,363▼ 76.0%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Outside capital11-€18,600----
Share premium1100/10-€18,600----
Reserves13€106€106€106€106€106=
Non-distributable reserves130/1€106€106€106€106€106=
Reserves not available under the articles1311€106€106€106€106€106=
Profit (loss) carried forward14-€4,860-€7,701€9,434€20,287-€9,342▼ 146%
Amounts payable17/49€269,038€271,282€374,086€341,037€381,268▲ 11.8%
Amounts payable within one year42/48€269,038€271,282€374,086€341,037€381,268▲ 11.8%
Trade debts44€134,283€120,500€79,588€9,566€14,812▲ 54.8%
Suppliers440/4€134,283€120,500€79,588€9,566€14,812▲ 54.8%
Advances received on contracts in progress46€108,407€108,407€264,270€264,270€264,270=
Taxes, remuneration and social security45€26,348€42,375€30,228€67,201€102,185▲ 52.1%
Taxes450/3€685€548€5,015€4,233€3,549▼ 16.2%
Remuneration and social security454/9€25,663€41,827€25,214€62,967€98,636▲ 56.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€2,856-€2,841€17,135€10,853-€29,629▼ 373%
+ Depreciation and write-downs630€5,132€4,896€5,236€5,570€4,461▼ 19.9%
Operating cash flow (approximation)€2,276€2,056€22,370€16,423-€25,168▼ 253%
Investment in fixed assets (approximation)--€5,000€0€0€0-
Change in cash-€11,244-€11,280-€359€4,827▲ 1,444%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
12-12
KBO administration Address strikeout annulled
28-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
29-09
KBO administration Address struck
2024
31-12
Financial Weakest financial yearnet -€29,629
Net result drops to -€29,629, the lowest in the series.
24-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 85 days late
2023
24-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 85 days late
2022
31-12
Financial Back to profitnet €17,135
Net result €17,135 after 2 loss-making years.
30-12
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 152 days late
27-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 514 days late
2021
02-02
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 186 days late
2018
30-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
29-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Brussel · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
2.0 ha
Building footprint
6,234 m²
Volume, LiDAR
66,590 m³
2 parcels, Brussels, Flanders · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BRUSSEL 'S EXPORT
Bergensesteenweg 470, 1600 Sint-Pieters-LeeuwRetail sale of clothing and accessories for women, men, children and babies (general range)
since 20132.220.628.819
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23582E0432/00H000 Flanders 2.0 ha 1 · 6,101 m² 12.3 m · 4 fl.
21809K0187/00W012 Brussels 172 m² 1 · 133 m² 17.9 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

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Of 183 companies in sector 46411 we hold annual accounts for 112. 48 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
Founded22-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46411Wholesale trade
47511Retail trade
47512Retail sale of household textiles and bedding
47792Retail sale of second-hand clothing
E-invoicing
Not found in the Peppol register

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