BREMCON
ActiveSummary
BREMCON has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €245,596. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-14
Solvency47▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.94 in 2024; short-term debt: 64.7% and cash: 3.3% of total assets), but 77.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
22.2%
Return on assets
5.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
21 d early
2023
18 d early
2022
9 d early
2021
10 d early
2020
10 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 20 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.0m▲ 4.6%
2024 · €996,973
Total assets
€4.7m▲ 13.1%
2024 · €4.2m
Net result
€245,596▼ 28.1%
2024 · €341,608
Working capital
€1.6m▼ 19.4%
2024 · €2.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,329▼ 98.2%-€300,089€602,680€408,450▼ 32.2%€195,936▼ 52.0%
Net result€23,719within the sector's middle half▼ 79.7%-€259,151below the sector's middle half€536,270above the sector's middle half€341,608above the sector's middle half▼ 36.3%€245,596above the sector's middle half▼ 28.1%
Equity€678,245within the sector's middle half▲ 3.6%€419,094within the sector's middle half▼ 38.2%€905,364within the sector's middle half▲ 116%€996,973within the sector's middle half▲ 10.1%€1.0mwithin the sector's middle half▲ 4.6%
Total assets€3.1mwithin the sector's middle half▼ 5.7%€2.8mwithin the sector's middle half▼ 9.4%€4.7mwithin the sector's middle half▲ 67.0%€4.2mwithin the sector's middle half▼ 10.8%€4.7mabove the sector's middle half▲ 13.1%
Debt€2.4m▼ 8.1%€2.4m▼ 1.2%€3.7m▲ 58.3%€3.2m▼ 15.8%€3.7m▲ 15.8%
Working capital€1.2mabove the sector's middle half▲ 15.3%€889,374above the sector's middle half▼ 25.5%€1.5mabove the sector's middle half▲ 64.6%€2.0mabove the sector's middle half▲ 33.8%€1.6mabove the sector's middle half▼ 19.4%
Solvency22.1%within the sector's middle half▲ 2.0pp15.0%below the sector's middle half▼ 7.0pp19.5%within the sector's middle half▲ 4.4pp24.0%within the sector's middle half▲ 4.6pp22.2%within the sector's middle half▼ 1.8pp
Current ratio1.69within the sector's middle half▲ 0.191.51within the sector's middle half▼ 0.181.48within the sector's middle half▼ 0.031.94within the sector's middle half▲ 0.461.52within the sector's middle half▼ 0.42
Return on assets (ROA)0.8%below the sector's middle half▼ 2.8pp-9.3%below the sector's middle half▼ 10.1pp11.5%above the sector's middle half▲ 20.8pp8.2%within the sector's middle half▼ 3.3pp5.2%within the sector's middle half▼ 3.0pp
Staff (FTE)3.7within the sector's middle half▼ 2.6%3.7within the sector's middle half=3.9within the sector's middle half▲ 5.4%3.9within the sector's middle half=3within the sector's middle half▼ 23.1%
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€79,475 ▼ 25.5%
Current assets
€4.6m ▲ 14.2%
Equity and liabilities €4.7m
Equity
€1.0m ▲ 4.6%
Debt
€3.7m ▲ 15.8%
Debt's share of the balance-sheet total rises from 76.0% to 77.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€226,334▼
2024 · €440,230
Cash flow
€275,995▼
2024 · €373,388
Debt to equity
3.51▲
2024 · 3.16
ROE
23.6%▼
2024 · 34.3%
Interest coverage
4.80▼
2024 · 6.82
Debt ≤ 1 year
€3.0m▲
2024 · €2.1m
Income taxes
€90,103▼
2024 · €127,516
Staff costs
€236,521▼
2024 · €349,332
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 3,818 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,440 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €251,008 | €258,307 | €312,816 | €349,332 | €236,521 | ▼ 32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,893 | €34,322 | €33,005 | €31,780 | €30,398 | ▼ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | €285 | -€880 | €0 | ▲ 100% |
| Other operating charges640/8 | €21,798 | €24,890 | €23,583 | €32,439 | €27,921 | ▼ 13.9% |
| Non-recurring operating charges66A | - | €1,211 | €0 | - | - | - |
| Gross operating margin9900 | €309,027 | €18,641 | €972,369 | €821,121 | €490,776 | ▼ 40.2% |
| Operating profit (loss)9901 | €2,329 | -€300,089 | €602,680 | €408,450 | €195,936 | ▼ 52.0% |
| Financial income75/76B | €70,140 | €74,112 | €75,428 | €125,227 | €186,950 | ▲ 49.3% |
| Recurring financial income75 | €70,140 | €74,112 | €75,428 | €125,227 | €186,950 | ▲ 49.3% |
| Financial charges65/66B | €35,623 | €32,740 | €44,229 | €64,553 | €47,186 | ▼ 26.9% |
| Recurring financial charges65 | €35,623 | €32,740 | €44,229 | €64,553 | €47,186 | ▼ 26.9% |
| Profit (loss) for the period before taxes9903 | €36,845 | -€258,717 | €633,879 | €469,124 | €335,699 | ▼ 28.4% |
| Income taxes67/77 | €13,127 | €433 | €97,609 | €127,516 | €90,103 | ▼ 29.3% |
| Profit (loss) for the period9904 | €23,719 | -€259,151 | €536,270 | €341,608 | €245,596 | ▼ 28.1% |
| Transfer to tax-exempt reserves689 | - | - | €151,560 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,719 | -€259,151 | €384,710 | €341,608 | €245,596 | ▼ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €2.8m | €4.7m | €4.2m | €4.7m | ▲ 13.1% |
| Fixed assets21/28 | €155,834 | €165,996 | €133,791 | €106,697 | €79,475 | ▼ 25.5% |
| Tangible fixed assets22/27 | €142,665 | €152,828 | €120,622 | €93,528 | €66,307 | ▼ 29.1% |
| Land and buildings22 | €97,554 | €119,767 | €98,138 | €77,931 | €61,512 | ▼ 21.1% |
| Plant, machinery and equipment23 | €44,919 | €33,061 | €22,484 | €12,154 | €3,230 | ▼ 73.4% |
| Furniture and vehicles24 | €192 | €0 | - | €3,443 | €1,565 | ▼ 54.5% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €13,168 | €13,168 | €13,168 | €13,168 | €13,168 | = |
| Current assets29/58 | €2.9m | €2.6m | €4.5m | €4.0m | €4.6m | ▲ 14.2% |
| Amounts receivable within one year40/41 | €2.8m | €2.5m | €4.3m | €4.0m | €4.4m | ▲ 12.0% |
| Trade receivables40 | €1.3m | €893,570 | €2.3m | €534,520 | €1.6m | ▲ 208% |
| Other amounts receivable41 | €1.5m | €1.6m | €2.0m | €3.4m | €2.8m | ▼ 18.4% |
| Current investments50/53 | - | - | €145,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €68,672 | €138,060 | €109,813 | €59,827 | €156,335 | ▲ 161% |
| Deferred charges and accrued income490/1 | €17,049 | €9,515 | €13,751 | €13,224 | €13,204 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €2.8m | €4.7m | €4.2m | €4.7m | ▲ 13.1% |
| Equity10/15 | €678,245 | €419,094 | €905,364 | €996,973 | €1.0m | ▲ 4.6% |
| Contributions10/11 | €743,681 | €743,681 | €743,681 | €743,681 | €743,681 | = |
| Capital10 | €743,681 | €743,681 | €743,681 | €743,681 | €743,681 | = |
| Issued capital100 | €743,681 | €743,681 | €743,681 | €743,681 | €743,681 | = |
| Reserves13 | - | - | €154,566 | €225,928 | €225,928 | = |
| Non-distributable reserves130/1 | - | - | €3,006 | €74,368 | €74,368 | = |
| Legal reserve130 | - | - | €3,006 | €74,368 | €74,368 | = |
| Tax-exempt reserves132 | - | - | €151,560 | €151,560 | €151,560 | = |
| Profit (loss) carried forward14 | -€65,436 | -€324,586 | €7,117 | €27,364 | €72,961 | ▲ 167% |
| Amounts payable17/49 | €2.4m | €2.4m | €3.7m | €3.2m | €3.7m | ▲ 15.8% |
| Amounts payable within one year42/48 | €1.7m | €1.7m | €3.1m | €2.1m | €3.0m | ▲ 45.7% |
| Financial debts43 | €593,720 | €600,000 | €600,000 | €125,000 | €600,000 | ▲ 380% |
| Credit institutions430/8 | €593,720 | €600,000 | €600,000 | €125,000 | €600,000 | ▲ 380% |
| Trade debts44 | €882,563 | €876,136 | €2.1m | €1.4m | €1.6m | ▲ 15.8% |
| Suppliers440/4 | €882,563 | €876,136 | €2.1m | €1.4m | €1.6m | ▲ 15.8% |
| Taxes, remuneration and social security45 | €36,922 | €32,656 | €41,100 | €102,839 | €153,698 | ▲ 49.5% |
| Taxes450/3 | €4,544 | €0 | - | €61,039 | €123,707 | ▲ 103% |
| Remuneration and social security454/9 | €32,378 | €32,656 | €41,100 | €41,800 | €29,990 | ▼ 28.3% |
| Other amounts payable47/48 | €212,009 | €222,609 | €319,740 | €495,459 | €707,732 | ▲ 42.8% |
| Accrued charges and deferred income492/3 | €671,092 | €636,276 | €692,074 | €1.1m | €614,929 | ▼ 42.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,719 | -€259,151 | €536,270 | €341,608 | €245,596 | ▼ 28.1% |
| + Depreciation and write-downs630 | €33,893 | €34,322 | €33,005 | €31,780 | €30,398 | ▼ 4.3% |
| Operating cash flow (approximation) | €57,612 | -€224,828 | €569,275 | €373,388 | €275,995 | ▼ 26.1% |
| Investment in fixed assets (approximation) | - | -€44,485 | -€799 | -€4,686 | -€3,176 | ▲ 32.2% |
| Change in cash | - | €69,388 | -€28,247 | -€49,987 | €96,509 | ▲ 293% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €1mEq €1.0m ▲4.6%
3 profitable years in a row build equity to €1.0m.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €536,270
Net result €536,270 after one loss-making year.
30-09
Financial
Equity above €500,000Eq €905,364 ▲116%
Equity rises from €419,094 to €905,364.
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet -€259,151
Net result drops to -€259,151, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 17 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1997
Ground area
9,549 m²
Building footprint
604 m²
Volume, LiDAR
9,093 m³
Parcel 11011D0016/00T000, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
35
companies at this address
See who is registered here
1 establishment unit
BREMCON
since 19972.080.581.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011D0016/00T000 | Flanders | 9,549 m² | 1 · 604 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
H2O Invest
12 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- H2O Invest
- STERHOEK
- HYE N.V.
- ARGEX
- BREMCON
Highest known parent: H2O Invest. The sources do not say who stands above it.
Owners 1
- ARGEXparent99.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded02-12-1996
Fiscal year end30-09
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459343302
Registered
25-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.