KURT BRUGGEMAN
ActiveKURT BRUGGEMAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €6k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 95% of 4547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 14.85 against 7.54 in 2024; short-term debt: 5.6% and cash: 61.7% of total assets), and 5.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
94.4%
Return on assets
4.8%
Age of the figures
9 mo
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 24-03-2026, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 d early
2024
122 d early
2023
127 d early
2022
123 d early
2021
125 d early
2020
111 d early
2019
129 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▲ 5.3%
2024 · €111k
2018: €51k
2019: €50k
2020: €62k
2021: €64k
2022: €77k
2023: €109k
2024: €111k
2018 → 2025
Total assets
€124k▼ 0.2%
2024 · €124k
2018: €150k
2019: €148k
2020: €153k
2021: €117k
2022: €129k
2023: €123k
2024: €124k
2018 → 2025
Net result
€6k▲ 207%
2024 · €2k
2018: €-603
2019: €-419
2020: €12k
2021: €2k
2022: €13k
2023: €32k
2024: €2k
2018 → 2025
Working capital
€96k▲ 12.6%
2024 · €85k
2018: €-17k
2019: €-4k
2020: €21k
2021: €33k
2022: €50k
2023: €84k
2024: €85k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€77k▲ 20.1%€109k▲ 41.2%€111k▲ 1.8%€117k▲ 5.3%
Operating result€3k-€19k▲ 468%€49k▲ 158%€4k▼ 92.0%€10k▲ 157%
Net result€2k-€13k▲ 582%€32k▲ 147%€2k▼ 93.9%€6k▲ 207%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 157% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€21k▼ 18.8%
Current assets
€103k▲ 4.8%
Equity and liabilities €124k
Equity
€117k▲ 5.3%
Debt
€7k▼ 46.8%
The debt ratio falls from 10.5% to 5.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €9k
Cash flow
€11k▲
2024 · €7k
Solvency
94.4%▲
2024 · 89.5%
Current ratio
14.85▲
2024 · 7.54
Quick ratio
12.81▲
2024 · 7.05
Debt / equity
0.06▼
2024 · 0.12
ROE
5.1%▲
2024 · 1.7%
ROA
4.8%▲
2024 · 1.6%
Interest coverage
26.00▲
2024 · 16.38
Debt
€7k▼
2024 · €13k
Debt ≤ 1 year
€7k▼
2024 · €13k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€124k€124k▼
Fixed assets21/28€26k€21k▼
Tangible fixed assets22/27€26k€21k▼
Land and buildings22€22k€18k▼
Plant, machinery and equipment23€4k€3k▼
Financial fixed assets28€200€200=
Current assets29/58€98k€103k▲
Stocks and contracts in progress3€6k€14k▲
Stocks30/36€6k€14k▲
Amounts receivable within one year40/41€8k€9k▲
Trade receivables40€8k€9k▲
Cash at bank and in hand54/58€82k€76k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€124k€124k▼
Equity10/15€111k€117k▲
Contributions10/11€12k€12k=
Reserves13€99k€104k▲
Distributable reserves133€99k€104k▲
Amounts payable17/49€13k€7k▼
Amounts payable within one year42/48€13k€7k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€7k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€10k€17k▲
Operating profit (loss)9901€4k€10k▲
Financial income75/76B€78€78▲
Recurring financial income75€78€78▲
Financial charges65/66B€567€602▲
Recurring financial charges65€567€602▲
Profit (loss) for the period before taxes9903€3k€10k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€2k€6k▲
Profit (loss) for the period to be appropriated9905€2k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€6k▲
Profit (loss) brought forward from the previous period14P€687-
Transfer to equity691/2€3k€6k▲
To other reserves6921€3k€6k▲
The notes to these accounts (8 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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €32k ▲147%
Operating result €49k, net result €32k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.80
Current ratio from 1.95 to 6.80; short-term debt falls from €52k to €14k.
31-12
Financial
Equity above €100kEq €109k ▲41.2%
4 profitable years in a row build equity to €109k.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Maldegem · 1 establishment unit since 2005
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.
Broekelken 139991 MaldegemGround area
903 m²
Building footprint
136 m²
Volume, LiDAR
735 m³
Parcel 43001A0845/00K002, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kurt Bruggeman
since 20052.146.844.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001A0845/00K002 | Flanders | 903 m² | 1 · 136 m² | 8.5 m · 2 fl. |
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.
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 6,368 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2005
Fiscal year end31-12
Activities, NACEBEL
29322
49410Freight transport by road
33120Repair and maintenance of machinery
46190Agents in non-specialised wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52481
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:050/719 963