Equity
-€50,204
Debts exceed assets in financial year 2025.
BROUFA
Lifetime
11 annual accounts with figures on one time axispeak €49,110 (2025)
€49,110▲ 61.0%
lowest -€23,872 (2021)
€27,350▲ 67×
peak €10,762 (2015)
-€50,204▲ €27,350
€457,758▼ 1.3%
peak 1.6 FTE (2020)
-not published
Board3 names since 2017
2 directorsBROUDO and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €30,504 to €49,110Result from €406 to €27,350Equity from -€77,554 to -€50,204Investments €116,994Cash from €5,356 to €42,568
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The micro format states no turnover.
Debts
€457,758 112% of the balance sheet
Suppliers 1%Taxes and wages 1%Other 99%
Of this, €6,812 falls due within a year.
Investments
€116,944 8.6 × depreciation
Green is investment, beige is depreciation.
Filings
11 annual accounts since 2015
Four of the last ten came late. The 2019 accounts came latest: 55 days after the end of the period.
Position in the sector
-€50,204
Less equity than 95% of companies in land transport. Sector median €34,663 · 5,957 companies.
Checked score
56
Fair
Financially stronger than 54% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.6%▼ -0.1 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.7%● unchanged vs 04-2025highest value
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%▼ -0.4 percentage points vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.1%▼ -0.1 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.0%▼ -0.1 percentage points vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▲ +0.3 percentage points vs 07-2026
09-2026: 1.7%▲ +0.3 percentage points vs 08-2026
10-2026: 0.8%▼ -0.9 percentage points vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€50,204
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Size: total assets €407,554
Founded in 2014
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 11% of them on solvency, 70% on liquidity, 59% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as BROUFA has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BROUFA itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for BROUFA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 16.37 (21.78 in 2024), above the usual 1.5. Short-term debt is 1.7% and cash 10.4% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 5946 sector peers (2025).
NBB · sector comparisonPosition among 5946 sector peers
Solvency
better than 12%
← 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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
36 days early
2023
8 days early
2022
34 days early
2021
54 days late
2020
27 days late
2019
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0554657084
Company renamed from De Kortekeer to BROUFA
Change of role: BROUDO, from manager to director · Resignation: TALPE Monique Germaine Freda (manager) · Permanent representatives: BROUCKAERT Dominique and Wendy De Baets · General meeting of 30-01-2023 · Gazette deed
Registered office moved from Dentergem to Ruiselede
New registered office: Mortelwalstraat 4, 8755 Ruiselede · Previous registered office: Markegemsesteenweg 2, 8720 Dentergem · Appointment: Talpe Monique (director) · General meeting of 25-03-2022 · Gazette deed
First establishment
Mortelwalstraat 4, Wingene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BROUFA Wingene | €407,554 | €49,110 | -12.3% | - |
| Transport Marc en Kasper Van De Wiele Zele | €396,667 | €45,013 | 55.6% | - |
| DHAGO TRANS Zelzate | €454,604 | €47,573 | 16.4% | - |
| LUMADISTRI Wommelgem | €422,655 | €41,144 | 48.7% | - |
| KW Transport Brecht | €356,040 | €55,028 | 70.4% | - |
| T-Rans & K Machelen (Brab.) | €367,908 | €50,080 | 38.8% | - |
| Gobeumin Logistics Stabroek | €331,052 | €45,674 | 36.1% | - |
These companies have the same main activity as BROUFA: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €331,000 and €455,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 13-06-2014Normal situation
- Activity
- Freight transport by roadNACE 49410and 5 others
- Joint committee
- 302Hotels and catering · annual accounts 2023
- Establishment unit
- 2.304.337.6418755 Wingene, since 01-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 22-09-2025
Annual accounts 2025
- €407,554▲ 5.5%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on BROUFA
BROUFA files the micro format. That format states no turnover. The gross margin rose from -€2,946 in 2015 to €49,110 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BROUFA
- What is the company number of BROUFA?
- The company number of BROUFA is 0554.657.084. The VAT number is the same number with BE in front: BE 0554.657.084.
- Where is BROUFA based?
- The registered office is at Mortelwalstraat 4, 8755 Wingene.Company details
- What does BROUFA do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of BROUFA?
- BROUFA is a private limited company (BV).
- When was BROUFA founded?
- BROUFA was founded on 13-06-2014.
- Is BROUFA still active?
- Yes, BROUFA is an active enterprise in the KBO register.
- How many employees does BROUFA have?
- BROUFA had an average of 0.7 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does BROUFA fall under?
- In its 2023 annual accounts, BROUFA states joint committee 302 (Hotels and catering).
- What is the turnover of BROUFA?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €49,110 and 57 comparable companies (NACE 49410). It probably lies between €130,000 and €260,000.
- Is BROUFA profitable?
- In financial year 2025, BROUFA made a profit of €27,350.
- Where can I find the annual accounts of BROUFA?
- BROUFA filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BROUFA due?
- BROUFA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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