BRUXAN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BRUXAN is 0.7% (low). The 2022 annual accounts show equity of €106k and a net result of €3k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 72% of 2418 sector peers (fiscal year 2022). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 761 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-11-2023, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	27-11-2023	119 d late	2023-00518465
31-12-2021	31-07-2022	06-11-2023	463 d late	2023-00510241
31-12-2020	31-07-2021	06-11-2023	828 d late	2023-00511270
31-12-2019	31-07-2020	30-10-2020	91 d late	2020-65000072
31-12-2018	31-07-2019	26-09-2019	57 d late	2019-65800133
31-12-2017	31-07-2018	31-08-2018	31 d late	2018-54900035
31-12-2016	31-07-2017	30-08-2017	30 d late	2017-50500558
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-51200333
31-12-2014	31-07-2015	31-07-2015	on the day	2015-36900509

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1994, 32 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€3k+1367.0%

Working capital€52k+24.0%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 27-11-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~242% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	51.0%	25.2%	better than 72% of 2418 sector peers
Net result	€3k	€4k	better than 48% of 2419 sector peers
Equity	€106k	€21k	better than 83% of 2425 sector peers
Gross operating margin	€11k	€18k	better than 43% of 2411 sector peers
Total assets	€208k	€105k	better than 69% of 2421 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P72

Stable position over 2020-2022 · n=977-2418

Net result P48

Stable position over 2020-2022 · n=974-2419

Equity P83

Stable position over 2020-2022 · n=981-2425

Gross operating margin P43

Stable position over 2020-2022 · n=972-2411

Describes the position versus peers, not a forecast.

EBITDA

€8k

+29.7% 18-22

Net profit

€3k

+1367.0% 18-22

Cash flow

€6k

+27.5% 18-22

Total assets

€208k

+1.4% 18-22

Equity

€106k

+2.6% 18-22

Working capital

€52k

+24.0% 18-22

Income taxes

€972

+53.1% 18-22

Debt

€102k

+0.2% 18-22

Show 9 other metrics

Debt ≤ 1y

€99k

-3.3% 18-22

Debt > 1y

€7k

-45.5% 18-22

Current ratio

1.53

+8.2% 18-22

Quick ratio

1.01

+22.4% 18-22

Solvency

51.0%

+1.2% 18-22

Debt / equity

0.96

-2.3% 18-22

ROE

2.5%

+1330.1% 18-22

ROA

1.3%

+1346.6% 18-22

Interest coverage

68.02

+36.7% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	€8k
Net profit	€3k
Cash flow	€6k
Staff costs	-
Income taxes	€972
Dividends	-
Total assets	€208k
Equity	€106k
Debt	€102k
of which ≤ 1y	€99k
of which > 1y	-
Working capital	€52k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	1.53
Quick ratio	1.01
Working capital ratio	24.9%
Solvency	51.0%
Debt / equity	0.96
Long-term debt ratio	-
Interest coverage	68.02
Gross margin	-
Net margin	-
ROA	1.3%
ROE	2.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €58k · 27.8% Current assets €150k · 72.2%

Equity & liabilities

Equity €106k · 51.0% Debt €102k · 49.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€208k
Fixed assets	21/28	€58k
Tangible fixed assets	22/27	€58k
Financial fixed assets	28	€20
Current assets	29/58	€150k
Stocks & contracts in progress	3	€50k
Amounts receivable within one year	40/41	€97k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€208k
Equity	10/15	€106k
Contributions / capital	10/11	€62k
Reserves	13	€37k
Accumulated profits (losses)	14	€7k
Amounts payable	17/49	€102k
Amounts payable within one year	42/48	€99k
Trade debts payable within one year	44	€19k
Income statement
Gross operating margin	9900	€11k
Operating result	9901	€4k
Financial charges	65	€111
Result before taxes	9903	€4k
Income taxes	67/77	€972
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Directors

Directors & mandates

no sitting director

8 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Former directors (1)

DEVELTER Frederik
Director
State Gazette act 25071859 (06-06-2025)

Former
- → 19-10-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Groothandel in wijnen en geestrijke dranken(46341)
Legal form	Public limited company(014)
Incorporation	26-01-1994
Status	Active
Postal code	6041

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

BRUXAN NV

Klingedijkstraat(SGW) 42, 9170 Sint-Gillis-Waasde groothandel in weefsels en stoffen

since 19942.066.662.402

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area3,695 m²

Buildings2

Building footprint448 m²

Volume (LiDAR)2,687 m³

Tallest building8.6 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)