DE BRUYNE
ActiveSummary
DE BRUYNE has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.24M and a net result of €384k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 14.82 against 6.06 in 2023; short-term debt: 5.2% and cash: 8% of total assets), and 5.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.5%
Return on assets
5.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
34 d early
2022
13 d early
2021
25 d early
2020
15 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€6.24M▲ 6.5%
2023 · €5.86M
2018: €4.55M
2019: €4.74M
2020: €4.94M
2021: €5.17M
2022: €5.53M
2023: €5.86M
2018 → 2024
Total assets
€6.61M▼ 3.0%
2023 · €6.81M
2018: €5.67M
2019: €5.94M
2020: €5.49M
2021: €5.82M
2022: €6.17M
2023: €6.81M
2018 → 2024
Net result
€384k▲ 17.1%
2023 · €328k
2018: €324k
2019: €187k
2020: €201k
2021: €232k
2022: €362k
2023: €328k
2018 → 2024
Working capital
€4.76M▼ 0.6%
2023 · €4.79M
2018: €4.32M
2019: €4.06M
2020: €4.23M
2021: €4.29M
2022: €4.57M
2023: €4.79M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.94M-€5.17M▲ 4.7%€5.53M▲ 7.0%€5.86M▲ 5.9%€6.24M▲ 6.5%
Operating result€203k-€259k▲ 27.4%€475k▲ 83.6%€398k▼ 16.3%€478k▲ 20.2%
Net result€201k-€232k▲ 15.0%€362k▲ 56.2%€328k▼ 9.4%€384k▲ 17.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 20% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.61M
Fixed assets
€1.51M ▲ 39.5%
Current assets
€5.10M ▼ 11.0%
Equity and liabilities €6.61M
Equity
€6.24M ▲ 6.5%
Debt
€361k ▼ 62.0%
Debt's share of the balance-sheet total falls from 14.0% to 5.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€665k▲
2023 · €550k
Cash flow
€571k▲
2023 · €480k
Current ratio
14.82▲
2023 · 6.06
Quick ratio
7.97▲
2023 · 3.59
Debt to equity
0.06▼
2023 · 0.16
ROE
6.1%▲
2023 · 5.6%
ROA
5.8%▲
2023 · 4.8%
Interest coverage
67.54▲
2023 · 21.65
Debt ≤ 1 year
€344k▼
2023 · €946k
Income taxes
€149k▼
2023 · €152k
Staff costs
€836k▼
2023 · €850k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.81M€6.61M▼
Fixed assets21/28€1.08M€1.51M▲
Tangible fixed assets22/27€1.08M€1.50M▲
Land and buildings22€837k€1.26M▲
Plant, machinery and equipment23€184k€147k▼
Furniture and vehicles24€55k€98k▲
Financial fixed assets28€4k€4k=
Current assets29/58€5.73M€5.10M▼
Stocks and contracts in progress3€2.33M€2.36M▲
Stocks30/36€2.33M€2.36M▲
Amounts receivable within one year40/41€616k€682k▲
Trade receivables40€573k€614k▲
Other amounts receivable41€43k€68k▲
Current investments50/53€2.25M€1.50M▼
Cash at bank and in hand54/58€485k€527k▲
Deferred charges and accrued income490/1€48k€36k▼
Equity and liabilities
Total equity and liabilities10/49€6.81M€6.61M▼
Equity10/15€5.86M€6.24M▲
Contributions10/11€2.81M€2.81M=
Capital10€2.81M€2.81M=
Issued capital100€2.81M€2.81M=
Reserves13€3.05M€3.44M▲
Non-distributable reserves130/1€165k€184k▲
Legal reserve130€165k€184k▲
Tax-exempt reserves132€72k€72k=
Distributable reserves133€2.81M€3.18M▲
Amounts payable17/49€952k€361k▼
Amounts payable within one year42/48€946k€344k▼
Trade debts44€153k€44k▼
Suppliers440/4€153k€44k▼
Taxes, remuneration and social security45€267k€217k▼
Taxes450/3€180k€118k▼
Remuneration and social security454/9€87k€99k▲
Other amounts payable47/48€526k€84k▼
Accrued charges and deferred income492/3€6k€17k▲
Income statement
Code20232024
Non-recurring operating income76A€1k€100▼
Remuneration, social security and pensions62€850k€836k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€187k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€820€445▼
Other operating charges640/8€11k€12k▲
Gross operating margin9900€1.41M€1.51M▲
Operating profit (loss)9901€398k€478k▲
Financial income75/76B€108k€65k▼
Recurring financial income75€108k€65k▼
Financial charges65/66B€25k€10k▼
Recurring financial charges65€25k€10k▼
Profit (loss) for the period before taxes9903€480k€533k▲
Income taxes67/77€152k€149k▼
Profit (loss) for the period9904€328k€384k▲
Transfer from tax-exempt reserves789€89k€0▼
Profit (loss) for the period to be appropriated9905€417k€384k▼
Appropriation of the result
Profit (loss) to be appropriated9906€417k€384k▼
Transfer to equity691/2€417k€384k▼
To the legal reserve6920€21k€19k▼
To other reserves6921€396k€365k▼
Social balance
Average headcount (FTE)908713.413.6▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €384k ▲17.1%
Operating result €478k, net result €384k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 14.82
Current ratio from 6.06 to 14.82; short-term debt falls from €946k to €344k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €5MEq €5.17M ▲4.7%
4 profitable years in a row build equity to €5.17M.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 8.94
Current ratio from 4.40 to 8.94; short-term debt falls from €1.19M to €532k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €187k ▼42.4%
Net result drops to €187k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Harelbeke · 1 establishment unit since 1979
Ground area
2,941 m²
Building footprint
60 m²
Parcel 34025C0692/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Brugsesteenweg 68-70, 8531 Harelbeke
since 19792.036.074.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025C0692/00Y000 | Flanders | 2,940 m² | 1 · 60 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 765 EUR awarded · 820 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 653 EUR | 653 EUR |
| 2024 | 1 | 57 EUR | 57 EUR |
| 2023 | 1 | 0 EUR | 55 EUR |
| 2022 | 1 | 55 EUR | 55 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
SKF LOGISTICS SERVICES BELGIUM
BE 0416.051.608
Tongeren-Borgloon · Eq €6.21M
VIMEX
BE 0874.431.244
Comines-Warneton · Eq €6.16M
LEROU
BE 0423.801.116
Evergem · Eq €6.43M
Etablissements Loiselet et fils
BE 0419.944.969
Ath · Eq €6.44M
DE TOLLENAERE
BE 0419.965.755
Eeklo · Eq €5.94M
Of 828 companies in sector 46620 we hold annual accounts for 642. 308 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 formPublic limited company
Founded21-11-1978
Fiscal year end31-12
Activities, NACEBEL 2025
46620Wholesale of machine tools
46643Wholesale of electrical equipment, including installation materials
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
1. Verslag raad van bestuur. 2. Goedkeuring jaar- rekening. 3. Bestemming resultaat. 4. Kwijting bestuurders. 5. Allerlei. Zich richten naar de statuten. (81790) De Gems, naamloze vennootschap, Vinkenstraat 24, 2530 Boechout H.R. Antwerpen 292596 — BTW 448.136.634 Jaarvergadering op 30.06.2004, om 20 uur, op de zetel. — Dagorde : Verslag raad van bestuur. Goedkeuring jaarrekening 31.12.2003. Kwij- ting bestuurders. Bevestiging benoeming bestuurders. Ontslag en benoeming bestuurders. Varia. Zie statuten. (81791) De Goudwinde, naamloze vennootschap, Langemarkseweg 19, 8904 Ieper (Boezinge) H.R. Ieper 33510 — BTW 444.274.747 Jaarvergadering op 30.06.2004, om 14 uur, op de zetel. — Dagorde : Ver ...