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Stal Bruynseels

Active
Private limited companyfounded 198442 yrs activeMuizensteenweg 62, 2820 Bonheiden, BelgiumKBO/BCE: BE 0425.843.460
Summary

Stal Bruynseels has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.53M and a net result of €303k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 909 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
76 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-4
Solvency85▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days acceptable
Liquidity ample (current ratio 3.79 against 3.74 in 2023; short-term debt: 17.1% and cash: 7.7% of total assets), and 40.1% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
59.9%
Return on assets
4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
1 d late
2023
31 d late
2022
61 d late
2021
74 d late
2020
31 d late
2019
88 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity
€4.53M▲ 7.2%
2023 · €4.22M
2018: €2.26M 2019: €2.98M 2020: €3.14M 2021: €3.32M 2022: €3.73M 2023: €4.22M
2018 → 2024
Total assets
€7.56M▲ 18.1%
2023 · €6.40M
2018: €2.73M 2019: €3.72M 2020: €3.84M 2021: €4.31M 2022: €4.46M 2023: €6.40M
2018 → 2024
Net result
€303k▼ 38.8%
2023 · €495k
2018: €596k 2019: €729k 2020: €154k 2021: €178k 2022: €411k 2023: €495k
2018 → 2024
Working capital
€3.60M▲ 4.1%
2023 · €3.46M
2018: €1.95M 2019: €2.65M 2020: €2.78M 2021: €3.01M 2022: €3.43M 2023: €3.46M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€3.14M-€3.32M▲ 5.7%€3.73M▲ 12.4%€4.22M▲ 13.3%€4.53M▲ 7.2%
Operating result€198k-€225k▲ 13.6%€538k▲ 139%€551k▲ 2.4%€432k▼ 21.6%
Net result€154k-€178k▲ 15.9%€411k▲ 130%€495k▲ 20.4%€303k▼ 38.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200k€400k€600kOperating result 2020: €198k€198kNet result 2020: €154k€154kOperating result 2021: €225k€225kNet result 2021: €178k€178kOperating result 2022: €538k€538kNet result 2022: €411k€411kOperating result 2023: €551k€551kNet result 2023: €495k€495kOperating result 2024: €432k€432kNet result 2024: €303k€303k20202021202220232024€0€200k€400k€600kOperating result 2022: €538k€538kNet result 2022: €411k€411kOperating result 2023: €551k€551kNet result 2023: €495k€495kOperating result 2024: €432k€432kNet result 2024: €303k€303k202220232024
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.56M
Fixed assets €2.66M ▲ 59.0%
Current assets €4.89M ▲ 3.5%
Equity and liabilities €7.56M
Equity €4.53M ▲ 7.2%
Debt €3.03M ▲ 39.2%
Debt's share of the balance-sheet total rises from 34.0% to 40.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€671k
2023 · €718k
Cash flow
€542k
2023 · €662k
Current ratio
3.79
2023 · 3.74
Quick ratio
1.72
2023 · 2.10
Debt to equity
0.67
2023 · 0.52
ROE
6.7%
2023 · 11.7%
ROA
4.0%
2023 · 7.7%
Interest coverage
9.43
2023 · 29.82
Debt ≤ 1 year
€1.29M
2023 · €1.26M
Debt > 1 year
€1.74M
2023 · €909k
Income taxes
€58k
2023 · €33k
Staff costs
€379k
2023 · €340k
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 · 61 lines
Balance sheet Code20232024
Assets
Total assets20/58€6.40M€7.56M
Fixed assets21/28€1.68M€2.66M
Intangible fixed assets21-€2k
Tangible fixed assets22/27€1.68M€2.66M
Land and buildings22€1.32M€2.37M
Plant, machinery and equipment23€38k€34k
Furniture and vehicles24€19k€5k
Leasing and similar rights25€265k€202k
Other tangible fixed assets26€30k€51k
Financial fixed assets28€135€0
Current assets29/58€4.72M€4.89M
Stocks and contracts in progress3€2.06M€2.68M
Stocks30/36€2.06M€2.68M
Amounts receivable within one year40/41€1.65M€1.04M
Trade receivables40€1.44M€792k
Other amounts receivable41€208k€250k
Current investments50/53€53k€65k
Cash at bank and in hand54/58€582k€584k
Deferred charges and accrued income490/1€380k€522k
Equity and liabilities
Total equity and liabilities10/49€6.40M€7.56M
Equity10/15€4.22M€4.53M
Contributions10/11€144k€144k=
Reserves13€1.05M€4.38M
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€1.03M€4.37M
Profit (loss) carried forward14€3.03M€0
Amounts payable17/49€2.18M€3.03M
Amounts payable after more than one year17€909k€1.74M
Financial debts170/4€909k€1.74M
Amounts payable within one year42/48€1.26M€1.29M
Current portion of amounts payable after more than one year42€180k€218k
Financial debts43-€27k
Credit institutions430/8-€27k
Trade debts44€990k€988k
Suppliers440/4€990k€988k
Taxes, remuneration and social security45€79k€44k
Taxes450/3€57k€7k
Remuneration and social security454/9€22k€37k
Other amounts payable47/48€15k€13k
Accrued charges and deferred income492/3€3k€1k
Income statement Code20232024
Non-recurring operating income76A€153k€0
Remuneration, social security and pensions62€340k€379k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€239k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-200k
Other operating charges640/8€72k€49k
Gross operating margin9900€1.13M€899k
Operating profit (loss)9901€551k€432k
Financial income75/76B€1k€119
Recurring financial income75€1k€119
Financial charges65/66B€24k€71k
Recurring financial charges65€24k€71k
Profit (loss) for the period before taxes9903€528k€361k
Income taxes67/77€33k€58k
Profit (loss) for the period9904€495k€303k
Profit (loss) for the period to be appropriated9905€495k€303k
Appropriation of the result
Profit (loss) to be appropriated9906€3.18M€3.34M
Profit (loss) brought forward from the previous period14P€2.69M€3.03M
Transfer to equity691/2€150k€3.34M
To other reserves6921€150k€3.34M
Social balance
Average headcount (FTE)90877.17.4

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
01-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
30-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
13-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 74 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Weakest financial yearnet €154k ▼78.9%
Net result drops to €154k, the lowest in the series; recovery starts the following year.
27-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
31-12
Financial Highest result since 2018net €729k ▲22.3%
Operating result €987k, net result €729k, both a record.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
20-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
16-06
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.

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, Bonheiden · 1 establishment unit since 1984
establishment The establishment unit on the map
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.

Muizensteenweg 622820 Bonheiden
Ground area
5,360 m²
Building footprint
3,059 m²
Parcel 12005D0178/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
Stal Bruynseels
Muizensteenweg 62, 2820 BonheidenNACE 92611
since 19842.024.802.348
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12005D0178/00K000 Flanders 5,360 m² 1 · 3,059 m² -
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 2023 · 2 entries · 1,000 EUR awarded · 1,000 EUR paid
Year Entries awardedpaid
2023 1 500 EUR500 EUR
2022 1 500 EUR500 EUR
Schemes
Stagebonus (stopgezet)
2 entries · 1,000 EUR · 1,000 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Bonheiden2.024.802.348
1 permission
Erkenning · Spermacentrum paardachtigen (intracommunautair) · since 05-02-2025

Dual-learning approval

1 live approval · 2 ended
Paardenhouderij duaal (so)
Goedgekeurd · 2022 to 2027
Show 2 ended approvals
Hippisch assistent duaal (so)
ended · 2017 to 2022
Paardenhouder (so)
ended · 2017 to 2022

Similar companies · same sector, comparable size

Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 447 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
Founded12-06-1984
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.