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Dries Bracke

Active
Private limited companyfounded 2024active for 2 yearsNieuwe Molenstraat 53, 9160 Lokeren, BelgiumKBO/BCE: BE 1010.887.478
Summary

Dries Bracke has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,375 and a net result of €27,875. Its solvency ranks better than 41% of 5,648 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, micro format

Turnover
≈ €190,000
Estimated: probably between €110,000 and €270,000
Total assets
€107,603
Net result
€27,875
Working capital
-€20,480

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €107,603
Fixed assets €59,915
Current assets €47,688
Equity and liabilities €107,603
Equity €35,375
Debt €72,228
Debt finances 67.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€58,270
Cash flow
€50,365
Current ratio
0.70
Debt to equity
2.04
ROE
78.8%
ROA
25.9%
Interest coverage
over 100
Debt ≤ 1 year
€68,168
Debt > 1 year
€4,060
Income taxes
€7,520

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€107,603
Fixed assets21/28€59,915
Tangible fixed assets22/27€59,915
Plant, machinery and equipment23€30,059
Furniture and vehicles24€29,857
Current assets29/58€47,688
Amounts receivable within one year40/41€1,357
Trade receivables40€1,091
Other amounts receivable41€266
Cash at bank and in hand54/58€44,361
Deferred charges and accrued income490/1€1,970
Equity and liabilities
Total equity and liabilities10/49€107,603
Equity10/15€35,375
Contributions10/11€7,500
Reserves13€27,875
Distributable reserves133€27,875
Amounts payable17/49€72,228
Amounts payable after more than one year17€4,060
Financial debts170/4€4,060
Amounts payable within one year42/48€68,168
Current portion of amounts payable after more than one year42€4,030
Trade debts44€6,385
Suppliers440/4€6,385
Taxes, remuneration and social security45€10,206
Taxes450/3€10,206
Other amounts payable47/48€47,547
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,490
Other operating charges640/8€1,047
Gross operating margin9900€59,317
Operating profit (loss)9901€35,780
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€387
Recurring financial charges65€387
Profit (loss) for the period before taxes9903€35,395
Income taxes67/77€7,520
Profit (loss) for the period9904€27,875
Profit (loss) for the period to be appropriated9905€27,875
Appropriation of the result
Profit (loss) to be appropriated9906€27,875
Transfer to equity691/2€27,875
To other reserves6921€27,875

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,490
Other operating charges640/8€1,047
Gross operating margin9900€59,317
Operating profit (loss)9901€35,780
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€387
Recurring financial charges65€387
Profit (loss) for the period before taxes9903€35,395
Income taxes67/77€7,520
Profit (loss) for the period9904€27,875
Profit (loss) for the period to be appropriated9905€27,875
Line2025
Assets
Total assets20/58€107,603
Fixed assets21/28€59,915
Tangible fixed assets22/27€59,915
Plant, machinery and equipment23€30,059
Furniture and vehicles24€29,857
Current assets29/58€47,688
Amounts receivable within one year40/41€1,357
Trade receivables40€1,091
Other amounts receivable41€266
Cash at bank and in hand54/58€44,361
Deferred charges and accrued income490/1€1,970
Equity and liabilities
Total equity and liabilities10/49€107,603
Equity10/15€35,375
Contributions10/11€7,500
Reserves13€27,875
Distributable reserves133€27,875
Amounts payable17/49€72,228
Amounts payable after more than one year17€4,060
Financial debts170/4€4,060
Amounts payable within one year42/48€68,168
Current portion of amounts payable after more than one year42€4,030
Trade debts44€6,385
Suppliers440/4€6,385
Taxes, remuneration and social security45€10,206
Taxes450/3€10,206
Other amounts payable47/48€47,547
Line2025
Profit (loss) for the period9904€27,875
+ Depreciation and write-downs630€22,490
Operating cash flow (approximation)€50,365

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 21-07-2026 2026-00317262

Similar companies · same sector, comparable size

Of the 21,118 active companies whose main activity is landscape service activities (NACE 81300), figures are known for 4,503. 3,596 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.