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BRUTL

Active
Private limited companyfounded 20215 yrs activeApollostraat 150A, 2600 Antwerpen, BelgiumKBO/BCE: BE 0766.405.809
Summary

The computed 12-month bankruptcy probability of BRUTL is 2.5% (moderate). The 2025 annual accounts show equity of €11,224 and a net result of €3,735. Equity is growing by ~11.4% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability74▼-15
Solvency37▼-52
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.75 against 3.16 in 2024; short-term debt: 81.5% and cash: 31.1% of total assets), and 87.9% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 30-04-2026, 92 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
92 d early
2024
51 d early
2023
51 d early
2022
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 49 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 11 June (3 of the last 4 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BRUTL was incorporated on 6 April 2021 as a Private limited company.1 Total assets fell from EUR 137,623 in 2022 to EUR 92,948 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€11,224▼ 87.2%
2024 · €87,489
Total assets
€92,948▼ 31.8%
2024 · €136,377
Net result
€3,735▼ 82.8%
2024 · €21,705
Working capital
-€18,715
2024 · €53,556
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€26,786-€30,945▲ 15.5%€7,355▼ 76.2%€6,468▼ 12.1%
Net result€18,821-€22,359▲ 18.8%€21,705▼ 2.9%€3,735▼ 82.8%
Equity€41,999-€64,358▲ 53.2%€87,489▲ 35.9%€11,224▼ 87.2%
Total assets€137,623-€134,563▼ 2.2%€136,377▲ 1.3%€92,948▼ 31.8%
Debt€95,624-€70,204▼ 26.6%€48,888▼ 30.4%€81,724▲ 67.2%
Working capital€33,655-€38,066▲ 13.1%€53,556▲ 40.7%-€18,715
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €26,786€26,786Net result 2022: €18,821€18,821Operating result 2023: €30,945€30,945Net result 2023: €22,359€22,359Operating result 2024: €7,355€7,355Net result 2024: €21,705€21,705Operating result 2025: €6,468€6,468Net result 2025: €3,735€3,7352022202320242025€0€10,000€20,000€30,000Operating result 2023: €30,945€30,900Net result 2023: €22,359€22,400Operating result 2024: €7,355€7,350Net result 2024: €21,705€21,700Operating result 2025: €6,468€6,470Net result 2025: €3,735€3,740202320242025
The operating result has fallen two years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92,948
Fixed assets €35,888 ▼ 38.2%
Current assets €57,059 ▼ 27.1%
Equity and liabilities €92,948
Equity €11,224 ▼ 87.2%
Debt €81,724 ▲ 67.2%
Debt's share of the balance-sheet total rises from 35.8% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€12,002▲
2024 · €10,401
Cash flow
€9,269▼
2024 · €24,751
Current ratio
0.75▼
2024 · 3.16
Debt to equity
7.28▲
2024 · 0.56
ROE
33.3%▲
2024 · 24.8%
ROA
4.0%▼
2024 · 15.9%
Interest coverage
9.50▼
2024 · 12.76
Debt ≤ 1 year
€75,775▲
2024 · €24,749
Debt > 1 year
€5,949▼
2024 · €24,139
Income taxes
€1,470▼
2024 · €2,335
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.5% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.

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%.

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% 1.9%
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 3,275 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 · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€136,377€92,948▼
Fixed assets21/28€58,072€35,888▼
Tangible fixed assets22/27€23,072€888▼
Plant, machinery and equipment23€23,072€888▼
Financial fixed assets28€35,000€35,000=
Current assets29/58€78,305€57,059▼
Amounts receivable after more than one year29-€10,000
Trade receivables290-€10,000
Amounts receivable within one year40/41€19,606€17,328▼
Trade receivables40€7,580€9,798▲
Other amounts receivable41€12,026€7,530▼
Cash at bank and in hand54/58€58,597€28,905▼
Deferred charges and accrued income490/1€102€826▲
Equity and liabilities
Total equity and liabilities10/49€136,377€92,948▼
Equity10/15€87,489€11,224▼
Contributions10/11€1,000€1,000=
Reserves13€86,489€10,224▼
Distributable reserves133€86,489€10,224▼
Amounts payable17/49€48,888€81,724▲
Amounts payable after more than one year17€24,139€5,949▼
Financial debts170/4€24,139€5,949▼
Amounts payable within one year42/48€24,749€75,775▲
Current portion of amounts payable after more than one year42€18,068€19,007▲
Trade debts44€1,555€2,713▲
Suppliers440/4€1,555€2,713▲
Advances received on contracts in progress46€500€500=
Taxes, remuneration and social security45-€7,178
Taxes450/3-€7,178
Other amounts payable47/48€4,626€46,376▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,046€5,534▲
Other operating charges640/8€868€1,567▲
Non-recurring operating charges66A-€17,848
Gross operating margin9900€11,268€31,417▲
Operating profit (loss)9901€7,355€6,468▼
Financial income75/76B€17,500-
Recurring financial income75€17,500-
Financial charges65/66B€815€1,263▲
Recurring financial charges65€815€1,263▲
Profit (loss) for the period before taxes9903€24,040€5,205▼
Income taxes67/77€2,335€1,470▼
Profit (loss) for the period9904€21,705€3,735▼
Profit (loss) for the period to be appropriated9905€21,705€3,735▼
Appropriation of the result
Profit (loss) to be appropriated9906€21,705€3,735▼
Transfer from equity791/2-€76,265
Transfer to equity691/2€21,705-
To other reserves6921€21,705-
Profit to be distributed694/7-€80,000
Return on contributions (dividend)694-€80,000

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€3,046€5,534▲ 81.7%
Other operating charges640/8€450€493€868€1,567▲ 80.6%
Non-recurring operating charges66A---€17,848-
Gross operating margin9900€27,236€31,439€11,268€31,417▲ 179%
Operating profit (loss)9901€26,786€30,945€7,355€6,468▼ 12.1%
Financial income75/76B€0€425€17,500--
Recurring financial income75€0€425€17,500--
Financial charges65/66B€897€1,122€815€1,263▲ 55.0%
Recurring financial charges65€897€1,122€815€1,263▲ 55.0%
Profit (loss) for the period before taxes9903€25,889€30,249€24,040€5,205▼ 78.3%
Income taxes67/77€7,069€7,890€2,335€1,470▼ 37.0%
Profit (loss) for the period9904€18,821€22,359€21,705€3,735▼ 82.8%
Profit (loss) for the period to be appropriated9905€18,821€22,359€21,705€3,735▼ 82.8%
Line2022202320242025Change
Assets
Total assets20/58€137,623€134,563€136,377€92,948▼ 31.8%
Fixed assets21/28€70,000€70,000€58,072€35,888▼ 38.2%
Tangible fixed assets22/27--€23,072€888▼ 96.1%
Plant, machinery and equipment23--€23,072€888▼ 96.1%
Financial fixed assets28€70,000€70,000€35,000€35,000=
Current assets29/58€67,623€64,563€78,305€57,059▼ 27.1%
Amounts receivable after more than one year29---€10,000-
Trade receivables290---€10,000-
Amounts receivable within one year40/41€9,275€17,666€19,606€17,328▼ 11.6%
Trade receivables40€9,275€0€7,580€9,798▲ 29.3%
Other amounts receivable41-€17,666€12,026€7,530▼ 37.4%
Cash at bank and in hand54/58€58,173€45,417€58,597€28,905▼ 50.7%
Deferred charges and accrued income490/1€174€1,479€102€826▲ 714%
Equity and liabilities
Total equity and liabilities10/49€137,623€134,563€136,377€92,948▼ 31.8%
Equity10/15€41,999€64,358€87,489€11,224▼ 87.2%
Contributions10/11€1,000€1,000€1,000€1,000=
Reserves13€40,999€63,358€86,489€10,224▼ 88.2%
Distributable reserves133€40,999€63,358€86,489€10,224▼ 88.2%
Amounts payable17/49€95,624€70,204€48,888€81,724▲ 67.2%
Amounts payable after more than one year17€60,156€42,208€24,139€5,949▼ 75.4%
Financial debts170/4€60,156€42,208€24,139€5,949▼ 75.4%
Amounts payable within one year42/48€33,967€26,497€24,749€75,775▲ 206%
Current portion of amounts payable after more than one year42€17,830€18,397€18,068€19,007▲ 5.2%
Trade debts44€298€247€1,555€2,713▲ 74.5%
Suppliers440/4€298€247€1,555€2,713▲ 74.5%
Advances received on contracts in progress46--€500€500=
Taxes, remuneration and social security45€15,196€7,852-€7,178-
Taxes450/3€15,196€7,852-€7,178-
Other amounts payable47/48€643€0€4,626€46,376▲ 903%
Accrued charges and deferred income492/3€1,500€1,500---
Line2022202320242025Change
Profit (loss) for the period9904€18,821€22,359€21,705€3,735▼ 82.8%
+ Depreciation and write-downs630--€3,046€5,534▲ 81.7%
Operating cash flow (approximation)€18,821€22,359€24,751€9,269▼ 62.6%
Investment in fixed assets (approximation)-€0€8,882€16,650▲ 87.5%
Change in cash--€12,756€13,180-€29,692▼ 325%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet €3,735 ▼82.8%
Net result drops to €3,735, the lowest in the series.
10-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2022net €22,359 ▲18.8%
Operating result €30,945, net result €22,359, both a record.
31-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial 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, Antwerpen · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
717 m²
Building footprint
717 m²
Volume, LiDAR
4,039 m³
Parcel 11302A0070/00E025, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
BRUTL
Apollostraat 150A, 2600 AntwerpenReal estate development
since 20212.315.859.756
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11302A0070/00E025 Flanders 717 m² 1 · 717 m² 11.0 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

2022 to 2025 · 4 entries · 3,599 EUR awarded · 2,849 EUR paid
Year Entries awardedpaid
2025 1 89 EUR89 EUR
2024 1 1,125 EUR375 EUR
2023 1 878 EUR878 EUR
2022 1 1,507 EUR1,507 EUR
Schemes
4 entries · 3,599 EUR · 2,849 EUR paid · Fonds voor Innoveren en Ondernemen

Identification & contact

Identification
Legal formPrivate limited company
Founded06-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
69109Other legal services
71111Activities of building architects
Contact
E-mail arch.schelfaut@gmail.com
E-mail sebastiaan@brutl.be
Phone 0485070891
E-invoicing
Reachable via Peppol
Peppol ID 0208:0766405809
Also 9925:BE0766405809
Registered 14-12-2025

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.