BRUTHO TECHNICS
ActiveSummary
BRUTHO TECHNICS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218,823 and a net result of €219,403. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+19
Solvency61▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 2.51 in 2024; short-term debt: 29.7% and cash: 34.5% of total assets), but 63.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.3%
Return on assets
36.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
3 d early
2023
on the day
2022
3 d late
2021
2 d late
2020
30 d late
2019
2 d early
← 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 4 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
Equity
€218,823▼ 17.9%
2024 · €266,471
Total assets
€603,373▲ 5.2%
2024 · €573,535
Net result
€219,403▲ 290%
2024 · €56,262
Working capital
€163,020▼ 10.0%
2024 · €181,049
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 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€35,845▼ 32.2%€78,187▲ 118%€59,622▼ 23.7%€81,985▲ 37.5%€268,325▲ 227%
Net result€18,033within the sector's middle half▼ 60.4%€54,129within the sector's middle half▲ 200%€47,296within the sector's middle half▼ 12.6%€56,262within the sector's middle half▲ 19.0%€219,403above the sector's middle half▲ 290%
Equity€108,784within the sector's middle half▲ 19.9%€162,913within the sector's middle half▲ 49.8%€210,209within the sector's middle half▲ 29.0%€266,471within the sector's middle half▲ 26.8%€218,823within the sector's middle half▼ 17.9%
Total assets€461,267within the sector's middle half▼ 0.3%€448,460within the sector's middle half▼ 2.8%€458,118within the sector's middle half▲ 2.2%€573,535within the sector's middle half▲ 25.2%€603,373within the sector's middle half▲ 5.2%
Debt€352,483▼ 5.3%€285,547▼ 19.0%€247,909▼ 13.2%€307,063▲ 23.9%€384,550▲ 25.2%
Working capital€84,016within the sector's middle half▲ 50.6%€123,072within the sector's middle half▲ 46.5%€124,160within the sector's middle half▲ 0.9%€181,049within the sector's middle half▲ 45.8%€163,020within the sector's middle half▼ 10.0%
Solvency23.6%within the sector's middle half▲ 4.0pp36.3%within the sector's middle half▲ 12.7pp45.9%within the sector's middle half▲ 9.6pp46.5%within the sector's middle half▲ 0.6pp36.3%within the sector's middle half▼ 10.2pp
Current ratio1.52within the sector's middle half▲ 0.192.18within the sector's middle half▲ 0.652.57within the sector's middle half▲ 0.392.51within the sector's middle half▼ 0.061.91within the sector's middle half▼ 0.60
Return on assets (ROA)3.9%within the sector's middle half▼ 5.9pp12.1%within the sector's middle half▲ 8.2pp10.3%within the sector's middle half▼ 1.7pp9.8%within the sector's middle half▼ 0.5pp36.4%above the sector's middle half▲ 26.6pp
Staff (FTE)0.6below the sector's middle half1below the sector's middle half1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 227% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603,373
Fixed assets
€261,306 ▼ 4.2%
Current assets
€342,067 ▲ 13.8%
Equity and liabilities €603,373
Equity
€218,823 ▼ 17.9%
Debt
€384,550 ▲ 25.2%
Debt's share of the balance-sheet total rises from 53.5% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€306,181▲
2024 · €110,048
Cash flow
€257,259▲
2024 · €84,325
Quick ratio
1.85▼
2024 · 2.41
Debt to equity
1.76▲
2024 · 1.15
ROE
100.3%▲
2024 · 21.1%
Interest coverage
30.27▲
2024 · 13.08
Debt ≤ 1 year
€179,048▲
2024 · €119,660
Debt > 1 year
€170,502▼
2024 · €187,403
Income taxes
€47,870▲
2024 · €26,598
Staff costs
€54,532▲
2024 · €53,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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%.
| 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €19,213 | €45,208 | €53,479 | €54,532 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,269 | €14,759 | €17,128 | €28,063 | €37,856 | ▲ 34.9% |
| Other operating charges640/8 | - | €507 | €1,055 | €997 | €1,091 | ▲ 9.5% |
| Gross operating margin9900 | €61,957 | €112,666 | €123,012 | €164,523 | €361,804 | ▲ 120% |
| Operating profit (loss)9901 | €35,845 | €78,187 | €59,622 | €81,985 | €268,325 | ▲ 227% |
| Financial income75/76B | - | €3,674 | €12,318 | €9,289 | €9,062 | ▼ 2.4% |
| Recurring financial income75 | €4,976 | €3,674 | €12,318 | €9,289 | €9,062 | ▼ 2.4% |
| Financial charges65/66B | - | €3,303 | €3,255 | €8,414 | €10,115 | ▲ 20.2% |
| Recurring financial charges65 | €4,036 | €3,303 | €3,255 | €8,414 | €10,115 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | €36,785 | €78,557 | €68,685 | €82,860 | €267,273 | ▲ 223% |
| Income taxes67/77 | €18,751 | €24,428 | €21,389 | €26,598 | €47,870 | ▲ 80.0% |
| Profit (loss) for the period9904 | €18,033 | €54,129 | €47,296 | €56,262 | €219,403 | ▲ 290% |
| Profit (loss) for the period to be appropriated9905 | €18,033 | €54,129 | €47,296 | €56,262 | €219,403 | ▲ 290% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €461,267 | €448,460 | €458,118 | €573,535 | €603,373 | ▲ 5.2% |
| Fixed assets21/28 | €216,793 | €220,697 | €254,788 | €272,825 | €261,306 | ▼ 4.2% |
| Tangible fixed assets22/27 | €216,673 | €220,697 | €254,788 | €272,825 | €261,306 | ▼ 4.2% |
| Land and buildings22 | - | €214,229 | €247,182 | €229,162 | €222,101 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €4,603 | €2,193 | €3,230 | €2,159 | ▼ 33.2% |
| Furniture and vehicles24 | - | €1,865 | €5,412 | €40,434 | €37,045 | ▼ 8.4% |
| Financial fixed assets28 | €120 | - | - | - | - | - |
| Current assets29/58 | €244,474 | €227,763 | €203,331 | €300,709 | €342,067 | ▲ 13.8% |
| Stocks and contracts in progress3 | €6,000 | €6,000 | €12,000 | €12,000 | €10,500 | ▼ 12.5% |
| Stocks30/36 | - | €6,000 | €12,000 | €12,000 | €10,500 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €151,529 | €103,629 | €113,704 | €91,573 | €116,492 | ▲ 27.2% |
| Trade receivables40 | - | €88,900 | €94,685 | €61,698 | €95,976 | ▲ 55.6% |
| Other amounts receivable41 | - | €14,729 | €19,019 | €29,875 | €20,517 | ▼ 31.3% |
| Cash at bank and in hand54/58 | €84,497 | €114,634 | €74,355 | €190,002 | €208,082 | ▲ 9.5% |
| Deferred charges and accrued income490/1 | - | €3,500 | €3,272 | €7,134 | €6,993 | ▼ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €461,267 | €448,460 | €458,118 | €573,535 | €603,373 | ▲ 5.2% |
| Equity10/15 | €108,784 | €162,913 | €210,209 | €266,471 | €218,823 | ▼ 17.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €29,893 | €84,022 | €131,318 | €187,580 | €175,720 | ▼ 6.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €82,162 | €129,458 | €187,580 | €175,720 | ▼ 6.3% |
| Profit (loss) carried forward14 | €72,691 | €72,691 | €72,691 | €72,691 | €36,903 | ▼ 49.2% |
| Amounts payable17/49 | €352,483 | €285,547 | €247,909 | €307,063 | €384,550 | ▲ 25.2% |
| Amounts payable after more than one year17 | €191,858 | €180,855 | €168,738 | €187,403 | €170,502 | ▼ 9.0% |
| Financial debts170/4 | - | €180,855 | €168,738 | €187,403 | €170,502 | ▼ 9.0% |
| Amounts payable within one year42/48 | €160,458 | €104,692 | €79,171 | €119,660 | €179,048 | ▲ 49.6% |
| Current portion of amounts payable after more than one year42 | - | €11,003 | €12,117 | €17,008 | €17,704 | ▲ 4.1% |
| Trade debts44 | €113,041 | €56,660 | €23,193 | €63,046 | €33,496 | ▼ 46.9% |
| Suppliers440/4 | - | €56,660 | €23,193 | €63,046 | €33,496 | ▼ 46.9% |
| Advances received on contracts in progress46 | - | - | €2,500 | €2,275 | - | - |
| Taxes, remuneration and social security45 | - | €8,609 | €13,135 | €10,236 | €20,554 | ▲ 101% |
| Taxes450/3 | - | €1,928 | €6,471 | €6,745 | €17,002 | ▲ 152% |
| Remuneration and social security454/9 | - | €6,681 | €6,664 | €3,491 | €3,552 | ▲ 1.8% |
| Other amounts payable47/48 | - | €28,420 | €28,226 | €27,095 | €107,293 | ▲ 296% |
| Accrued charges and deferred income492/3 | - | - | - | - | €35,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,033 | €54,129 | €47,296 | €56,262 | €219,403 | ▲ 290% |
| + Depreciation and write-downs630 | €25,269 | €14,759 | €17,128 | €28,063 | €37,856 | ▲ 34.9% |
| Operating cash flow (approximation) | €43,302 | €68,888 | €64,424 | €84,325 | €257,259 | ▲ 205% |
| Investment in fixed assets (approximation) | - | -€18,663 | -€51,219 | -€46,101 | -€26,337 | ▲ 42.9% |
| Change in cash | - | €30,137 | -€40,279 | €115,647 | €18,080 | ▼ 84.4% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €219,403 ▲290%
Operating result €268,325, net result €219,403, both a record.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €210,209 ▲29%
5 profitable years in a row build equity to €210,209.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Equity above €150,000Eq €162,913 ▲49.8%
4 profitable years in a row build equity to €162,913.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
31-03
Financial
Weakest financial yearnet €18,033 ▼60.4%
Net result drops to €18,033, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €100,000Eq €108,784 ▲19.9%
3 profitable years in a row build equity to €108,784.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grimbergen · 1 establishment unit since 2015
Ground area
2,088 m²
Building footprint
233 m²
Volume, LiDAR
1,294 m³
Parcel 23005A0024/00E000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BRUTHO TECHNICS
since 20152.242.588.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005A0024/00E000 | Flanders | 2,088 m² | 1 · 233 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 709 EUR awarded · 687 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 217 EUR | 195 EUR |
| 2024 | 1 | 397 EUR | 397 EUR |
| 2023 | 1 | 95 EUR | 95 EUR |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,754 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
Founded21-04-2015
Fiscal year end31-03
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
42212Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0628755483
Also
9925:BE0628755483
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.