BRUTRONICS
ActiveSummary
BRUTRONICS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195,178 and a net result of €169,720. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 19% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-1
Solvency42▲+14
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.92 in 2024; short-term debt: 34.8% and cash: 64.8% of total assets), but 82.8% of the assets are financed with debt.
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Signals
Five 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
17.2%
Return on assets
15%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192122232425
2019 to 2025 · latest year €195,178
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
4 d early
2023
on the day
2022
8 d early
2021
3 d early
2020
3 d early
2019
23 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 6 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€195,178▲ 667%
2024 · €25,458
Total assets
€1.1m▲ 11.7%
2024 · €1.0m
Net result
€169,720▲ 7.6%
2024 · €157,702
Working capital
€558,040▲ 43.8%
2024 · €387,978
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
Line20212022202320242025
Operating result€257,153-€186,628▼ 27.4%€188,101▲ 0.8%€212,965▲ 13.2%€227,201▲ 6.7%
Net result€187,670-€141,294▼ 24.7%€140,360▼ 0.7%€157,702▲ 12.4%€169,720▲ 7.6%
Equity€25,164-€25,458▲ 1.2%€25,458=€25,458=€195,178▲ 667%
Total assets€929,337-€1.1m▲ 15.1%€1.1m▲ 1.0%€1.0m▼ 6.1%€1.1m▲ 11.7%
Debt€904,173-€1.0m▲ 15.5%€1.1m▲ 1.1%€989,166▼ 6.3%€938,481▼ 5.1%
Working capital€31,767-€410,625▲ 1,193%€394,298▼ 4.0%€387,978▼ 1.6%€558,040▲ 43.8%
Staff (FTE)1.6-1.4▼ 12.5%1.2▼ 14.3%1▼ 16.7%0.6▼ 40.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Equity +667% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€181,121 ▼ 12.4%
Current assets
€952,538 ▲ 17.9%
Equity and liabilities €1.1m
Equity
€195,178 ▲ 667%
Debt
€938,481 ▼ 5.1%
Debt's share of the balance-sheet total falls from 97.5% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€252,003▲
2024 · €238,321
Cash flow
€194,522▲
2024 · €183,058
Current ratio
2.41▲
2024 · 1.92
Quick ratio
1.95▲
2024 · 1.52
Debt to equity
4.81▼
2024 · 38.86
ROE
87.0%▼
2024 · 619.5%
ROA
15.0%▼
2024 · 15.5%
Interest coverage
30.58▲
2024 · 25.70
Debt ≤ 1 year
€394,498▼
2024 · €419,862
Debt > 1 year
€543,983▼
2024 · €569,304
Income taxes
€50,034▲
2024 · €46,751
Staff costs
€32,029▼
2024 · €58,195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,703 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,831 | - |
| Remuneration, social security and pensions62 | - | €43,354 | €53,669 | €58,195 | €32,029 | ▼ 45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,828 | €22,570 | €24,827 | €25,355 | €24,802 | ▼ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €15,894 | - |
| Other operating charges640/8 | - | €6,501 | €1,283 | €4,025 | €7,956 | ▲ 97.6% |
| Gross operating margin9900 | €344,282 | €259,053 | €267,880 | €300,541 | €307,882 | ▲ 2.4% |
| Operating profit (loss)9901 | €257,153 | €186,628 | €188,101 | €212,965 | €227,201 | ▲ 6.7% |
| Financial income75/76B | - | €1,463 | €20 | €760 | €793 | ▲ 4.4% |
| Recurring financial income75 | €39 | €1,463 | €20 | €760 | €793 | ▲ 4.4% |
| Financial charges65/66B | - | €7,573 | €7,362 | €9,272 | €8,240 | ▼ 11.1% |
| Recurring financial charges65 | €14,317 | €7,573 | €7,362 | €9,272 | €8,240 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €242,875 | €180,518 | €180,758 | €204,454 | €219,754 | ▲ 7.5% |
| Income taxes67/77 | €55,205 | €39,224 | €40,398 | €46,751 | €50,034 | ▲ 7.0% |
| Profit (loss) for the period9904 | €187,670 | €141,294 | €140,360 | €157,702 | €169,720 | ▲ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €187,670 | €141,294 | €140,360 | €157,702 | €169,720 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €929,337 | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 11.7% |
| Fixed assets21/28 | €238,191 | €244,822 | €230,179 | €206,784 | €181,121 | ▼ 12.4% |
| Tangible fixed assets22/27 | €238,191 | €244,822 | €230,179 | €206,784 | €181,121 | ▼ 12.4% |
| Land and buildings22 | - | €204,304 | €197,077 | €182,950 | €168,823 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | €486 | €3,345 | €2,631 | €1,916 | ▼ 27.2% |
| Furniture and vehicles24 | - | €26,262 | €20,578 | €16,614 | €10,382 | ▼ 37.5% |
| Leasing and similar rights25 | - | €13,769 | €9,179 | €4,590 | €0 | ▼ 100% |
| Current assets29/58 | €691,146 | €824,728 | €850,529 | €807,840 | €952,538 | ▲ 17.9% |
| Stocks and contracts in progress3 | €35,000 | €167,500 | €178,088 | €167,995 | €183,200 | ▲ 9.1% |
| Stocks30/36 | - | €42,500 | €49,850 | €45,320 | €42,400 | ▼ 6.4% |
| Contracts in progress37 | - | €125,000 | €128,238 | €122,675 | €140,800 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €134,776 | €52,466 | €64,151 | €133,630 | €28,297 | ▼ 78.8% |
| Trade receivables40 | - | €45,541 | €49,972 | €107,766 | €14,962 | ▼ 86.1% |
| Other amounts receivable41 | - | €6,925 | €14,178 | €25,865 | €13,335 | ▼ 48.4% |
| Cash at bank and in hand54/58 | €417,508 | €599,860 | €603,073 | €500,956 | €734,203 | ▲ 46.6% |
| Deferred charges and accrued income490/1 | - | €4,902 | €5,218 | €5,258 | €6,838 | ▲ 30.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €929,337 | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 11.7% |
| Equity10/15 | €25,164 | €25,458 | €25,458 | €25,458 | €195,178 | ▲ 667% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,564 | €6,858 | €6,858 | €6,858 | €176,578 | ▲ 2,475% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €4,998 | €4,998 | €6,858 | €176,578 | ▲ 2,475% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €904,173 | €1.0m | €1.1m | €989,166 | €938,481 | ▼ 5.1% |
| Amounts payable after more than one year17 | €238,886 | €628,088 | €598,930 | €569,304 | €543,983 | ▼ 4.4% |
| Financial debts170/4 | - | €628,088 | €598,930 | €569,304 | €543,983 | ▼ 4.4% |
| Amounts payable within one year42/48 | €659,379 | €414,102 | €456,231 | €419,862 | €394,498 | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | - | €36,763 | €30,457 | €29,626 | €25,321 | ▼ 14.5% |
| Trade debts44 | €65,071 | €96,616 | €78,567 | €34,328 | €37,760 | ▲ 10.0% |
| Suppliers440/4 | - | €96,616 | €78,567 | €34,328 | €37,760 | ▲ 10.0% |
| Taxes, remuneration and social security45 | - | €14,227 | €13,509 | €35,685 | €3,970 | ▼ 88.9% |
| Taxes450/3 | - | €5,224 | €4,151 | €26,656 | €1,605 | ▼ 94.0% |
| Remuneration and social security454/9 | - | €9,003 | €9,359 | €9,029 | €2,364 | ▼ 73.8% |
| Other amounts payable47/48 | - | €266,496 | €333,697 | €320,223 | €327,447 | ▲ 2.3% |
| Accrued charges and deferred income492/3 | - | €1,901 | €89 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €187,670 | €141,294 | €140,360 | €157,702 | €169,720 | ▲ 7.6% |
| + Depreciation and write-downs630 | €24,828 | €22,570 | €24,827 | €25,355 | €24,802 | ▼ 2.2% |
| Operating cash flow (approximation) | €212,498 | €163,864 | €165,187 | €183,058 | €194,522 | ▲ 6.3% |
| Investment in fixed assets (approximation) | - | -€29,201 | -€10,184 | -€1,960 | €860 | ▲ 144% |
| Change in cash | - | €182,351 | €3,213 | -€102,116 | €233,247 | ▲ 328% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €150,000Eq €195,178 ▲667%
6 profitable years in a row build equity to €195,178.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €187,670 ▲115%
Operating result €257,153, net result €187,670, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Izegem · 1 establishment unit since 2017
Ground area
4,820 m²
Building footprint
951 m²
Volume, LiDAR
2,539 m³
2 parcels, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Doelstraat 238, 8770 Ingelmunster
since 20172.263.868.350
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1823/00G000 | Flanders | 4,133 m² | 1 · 803 m² | 10.8 m |
| 36007A0398/00H000 | Flanders | 687 m² | 1 · 148 m² | 9.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 4 entries · 961 EUR awarded · 961 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 559 EUR | 559 EUR |
| 2022 | 2 | 402 EUR | 402 EUR |
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HBR CONSTRUCT
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BELBOG
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,304 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
Founded23-03-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672949673
Registered
01-07-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.