Checked.be
Active
BE 0457.210.389Public limited company
Van Brussel
Eektstraat 2c ·3111 Rotselaar, Belgium· 30 yrs active
Sector: Non-specialised retail sale with food, beverages or tobacco predominating
(47110)
Conclusion
Van Brussel has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.35M and a net result of €202k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 9575 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €3.35M |
| Net result | €202k |
| Better than sector | 28% |
| Active | 30 yrs |
Financial profile
49
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
41
Profitability
30
Solvency
22
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
41
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€140k
estimate, not credit advice
Score history
43
2021
41
2022
56
2023
41
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.78 (< 1.0)
-10
Leverage
Debt/equity 3.75 (> 3.0)
-10
Profitability
ROE 6%
+3
Interest coverage
Interest coverage 3.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-08-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~52% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.5% | 38.6% | |
| Net result | €202k | €44k | |
| Equity | €3.35M | €332k | |
| Gross operating margin | €1.14M | €266k | |
| Employees (FTE) | 0.0 | 3.3 |
€1.05M
-48.6%
21-24
€202k
-79.9%
21-24
€696k
-49.4%
21-24
€16.32M
-0.6%
21-24
€3.35M
+6.4%
21-24
€-775k
-2.1%
21-24
0
-
21-24
€0
-100.0%
21-24
€105k
-8.0%
21-24
€12.57M
-2.2%
21-24
€3.45M
+27.2%
21-24
€6.27M
-12.7%
21-24
0.78
+7.7%
21-24
0.78
+7.7%
21-24
20.5%
+7.1%
21-24
3.75
-8.1%
21-24
6.0%
-81.1%
21-24
1.2%
-79.7%
21-24
3.46
-43.9%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €1.05M | €2.04M | €1.04M | €1.15M |
| Net profit | €202k | €1.00M | €118k | €548k |
| Cash flow | €696k | €1.38M | €841k | €848k |
| Staff costs | - | - | €0 | €290 |
| Income taxes | €105k | €114k | €57k | €206k |
| Dividends | - | - | - | - |
| Total assets | €16.32M | €16.42M | €18.02M | €9.24M |
| Equity | €3.35M | €3.15M | €2.14M | €2.02M |
| Debt | €12.57M | €12.85M | €15.70M | €7.02M |
| of which ≤ 1y | €3.45M | €2.71M | €4.86M | €1.68M |
| of which > 1y | €6.27M | €7.18M | €7.80M | €5.33M |
| Working capital | €-775k | €-759k | €-1.08M | €-732k |
| Employees (FTE) | 0.0 | 0.0 | - | 0.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.78 | 0.72 | 0.78 | 0.56 |
| Quick ratio | 0.78 | 0.72 | 0.78 | 0.56 |
| Working capital ratio | -4.8% | -4.6% | -6.0% | -7.9% |
| Solvency | 20.5% | 19.2% | 11.9% | 21.9% |
| Debt / equity | 3.75 | 4.09 | 7.33 | 3.47 |
| Long-term debt ratio | 1.87 | 2.28 | 3.64 | 2.63 |
| Interest coverage | 3.46 | 6.17 | 6.48 | 10.43 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.2% | 6.1% | 0.7% | 5.9% |
| ROE | 6.0% | 31.9% | 5.5% | 27.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €16.32M | €16.42M | €18.02M | €9.24M |
| Fixed assets | 21/28 | €13.65M | €14.47M | €14.25M | €8.29M |
| Tangible fixed assets | 22/27 | €13.58M | €14.07M | €13.89M | €8.29M |
| Financial fixed assets | 28 | €70k | €400k | €354k | - |
| Current assets | 29/58 | €2.67M | €1.95M | €3.77M | €950k |
| Amounts receivable within one year | 40/41 | €1.05M | €1.59M | €318k | €174k |
| Cash & bank | 54/58 | €87k | €2k | €2.65M | €4k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €16.32M | €16.42M | €18.02M | €9.24M |
| Equity | 10/15 | €3.35M | €3.15M | €2.14M | €2.02M |
| Contributions / capital | 10/11 | €69k | €69k | €69k | €69k |
| Reserves | 13 | €3.28M | €3.08M | €2.07M | €1.96M |
| Provisions & deferred taxes | 16 | €405k | €418k | €182k | €190k |
| Amounts payable | 17/49 | €12.57M | €12.85M | €15.70M | €7.02M |
| Amounts payable after one year | 17 | €6.27M | €7.18M | €7.80M | €5.33M |
| Amounts payable within one year | 42/48 | €3.45M | €2.71M | €4.86M | €1.68M |
| Trade debts payable within one year | 44 | €180k | €255k | €343k | €356k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.14M | €2.10M | €1.10M | €1.21M |
| Operating result | 9901 | €553k | €1.66M | €319k | €848k |
| Financial income | 75 | €43k | €21k | €9k | €8k |
| Financial charges | 65 | €303k | €330k | €161k | €110k |
| Result before taxes | 9903 | €294k | €1.35M | €168k | €746k |
| Income taxes | 67/77 | €105k | €114k | €57k | €206k |
| Net result for the period | 9904 | €202k | €1.00M | €118k | €548k |
| Result to be appropriated | 9905 | €240k | €298k | €140k | €570k |
Legal Structure
| NACE primary | Non-specialised retail sale with food, beverages or tobacco predominating(47110) |
| Legal form | Public limited company(014) |
| Incorporation | 06-02-1996 |
| Status | Active |
| Postal code | 3111 |
Ownership & control
Van BrusselBE 0457.210.389
controls
Where this company holds controlthis company sits on their board1
1 location
Establishment units
Eektstraat 2, 3111 Rotselaar
since 19962.075.252.048
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24123A0301/00A003 | Flanders | 8,479 m² | 1 · 3,628 m² | - |
| 24123A0306/00N000 | Flanders | 587 m² | 1 · 89 m² | 10.2 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2021net €1.00M ▲753%
Operating result €1.66M, net result €1.00M, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €118k ▼78.5%
Net result drops to €118k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade471125211255522Event catering56210
Names & trade names
| Legal nameNL | Van Brussel |
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