COMBUDRINK
ActiveSummary
The computed 12-month bankruptcy probability of COMBUDRINK is 2.2% (moderate). The 2025 annual accounts show equity of €172k and a net result of €146k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 10359 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+18
Solvency35▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.56 in 2024; short-term debt: 68.6% and cash: 0.6% of total assets), and 90% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
10%
Return on assets
8.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 10359 sector peers (2025).
NBB · sector comparisonPosition among 10359 sector peers
Solvency
better than 20%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
3 d early
2023
33 d early
2022
33 d early
2021
31 d early
2020
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€146k▲ 334%
2024 · €34k
2020: €26k
2021: €82k
2022: €136k
2023: €30k
2024: €34k
2020 → 2025
Working capital
€-489k▼ 27.8%
2024 · €-382k
2020: €-267k
2021: €-177k
2022: €-151k
2023: €-167k
2024: €-382k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€248k▲ 121%€158k▼ 36.3%€100k▼ 36.3%€172k▲ 70.8%
Operating result€113k-€177k▲ 56.7%€82k▼ 53.9%€86k▲ 4.6%€247k▲ 188%
Net result€82k-€136k▲ 65.1%€30k▼ 77.8%€34k▲ 11.5%€146k▲ 334%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 188% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€1.03M ▲ 10.0%
Current assets
€682k ▲ 41.2%
Equity and liabilities €1.71M
Equity
€172k ▲ 70.8%
Debt
€1.54M ▲ 16.8%
Debt's share of the balance-sheet total falls from 92.9% to 90.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€380k▲
2024 · €203k
Cash flow
€279k▲
2024 · €151k
Current ratio
0.58▲
2024 · 0.56
Quick ratio
0.28▲
2024 · 0.12
Debt to equity
8.95▼
2024 · 13.09
ROE
85.1%▲
2024 · 33.5%
ROA
8.6%▲
2024 · 2.4%
Interest coverage
6.87▲
2024 · 4.72
Debt ≤ 1 year
€1.17M▲
2024 · €865k
Debt > 1 year
€351k▼
2024 · €421k
Income taxes
€46k▲
2024 · €10k
Staff costs
€340k▲
2024 · €295k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.42M€1.71M▲
Fixed assets21/28€933k€1.03M▲
Intangible fixed assets21€229k€187k▼
Tangible fixed assets22/27€703k€838k▲
Plant, machinery and equipment23€32k€21k▼
Furniture and vehicles24€57k€83k▲
Other tangible fixed assets26€614k€734k▲
Financial fixed assets28€730€730=
Current assets29/58€483k€682k▲
Stocks and contracts in progress3€378k€357k▼
Stocks30/36€378k€357k▼
Amounts receivable within one year40/41€81k€260k▲
Trade receivables40€75k€146k▲
Other amounts receivable41€6k€113k▲
Cash at bank and in hand54/58€21k€10k▼
Deferred charges and accrued income490/1€4k€54k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.71M▲
Equity10/15€100k€172k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€96k€168k▲
Amounts payable17/49€1.31M€1.54M▲
Amounts payable after more than one year17€421k€351k▼
Financial debts170/4€421k€351k▼
Amounts payable within one year42/48€865k€1.17M▲
Current portion of amounts payable after more than one year42€70k€283k▲
Financial debts43€13k€36k▲
Credit institutions430/8€13k€36k▲
Trade debts44€683k€686k▲
Suppliers440/4€683k€673k▼
Bills of exchange payable441-€12k
Taxes, remuneration and social security45€54k€91k▲
Taxes450/3€10k€36k▲
Remuneration and social security454/9€44k€55k▲
Other amounts payable47/48€45k€75k▲
Accrued charges and deferred income492/3€28k€15k▼
Income statement
Code20242025
Remuneration, social security and pensions62€295k€340k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€133k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k-
Other operating charges640/8€9k€4k▼
Gross operating margin9900€515k€724k▲
Operating profit (loss)9901€86k€247k▲
Financial income75/76B€802€100▼
Recurring financial income75€802€100▼
Financial charges65/66B€43k€55k▲
Recurring financial charges65€43k€55k▲
Profit (loss) for the period before taxes9903€43k€192k▲
Income taxes67/77€10k€46k▲
Profit (loss) for the period9904€34k€146k▲
Profit (loss) for the period to be appropriated9905€34k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€187k€242k▲
Profit (loss) brought forward from the previous period14P€154k€96k▼
Profit to be distributed694/7€91k€75k▼
Return on contributions (dividend)694€80k€64k▼
Directors or managers695€11k€11k=
Social balance
Average headcount (FTE)908710.011.4▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €146k ▲334%
Operating result €247k, net result €146k, both a record.
31-12
Financial
Equity above €150kEq €172k ▲70.8%
6 profitable years in a row build equity to €172k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €248k ▲121%
3 profitable years in a row build equity to €248k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100kEq €112k ▲275%
2 profitable years in a row build equity to €112k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, La Louvière · 2 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Boussoit(M) 397110 La LouvièreGround area
3,876 m²
Building footprint
1,289 m²
Volume, LiDAR
7,409 m³
3 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BRULE & Co
since 20202.304.239.849
BRULE&CO
since 20242.360.606.252
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55011B0198/00K000 | Wallonia | 1,868 m² | 1 · 619 m² | 8.3 m · 2 fl. |
| 55026C0220/00X002 | Wallonia | 1,318 m² | 1 · 542 m² | 8.3 m · 2 fl. |
| 55026C0216/00Z000 | Wallonia | 689 m² | 1 · 128 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Louvière2.304.239.849
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,355 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2020
Fiscal year end31-12
Trade name FR
Brule & Co
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47260Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.