Age34 yrs
Real estate1 parcel · 1,663 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of BRS is < 0.1% (very low). The 2025 annual accounts show equity of €2.40M and a net result of €-85k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 86 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Signals
2 signals · with evidencePersistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 86 peers (2025). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsLong-established
Founded in 1991, 34 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 administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone< 0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Lower-failure-rate sector
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-85k-0.1%
Working capital€2.07M-3.9%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 26-05-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.4%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 2025 · NACE 94 · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.3% | 69.8% | |
| Net result | €-85k | €23k | |
| Equity | €2.40M | €266k | |
| Gross operating margin | €-106k | €318k | |
| Total assets | €2.41M | €680k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P95
Stable position over 2020-2025
· n=86-201
P10
Weakening position over 2020-2025
· n=85-200
P85
Stable position over 2020-2025
· n=86-201
P5
Weakening position over 2020-2025
· n=80-196
Describes the position versus peers, not a forecast.
€-85k
-0.1%
far below sector median
€2.41M
-3.6%
+50% vs sector
€2.40M
-3.4%
+142% vs sector
€2.07M
-3.9%
+49% vs sector
€16k
-27.6%
-86% vs sector
€16k
-27.6%
-84% vs sector
128.32
+32.4%
far above sector median
128.32
+32.4%
far above sector median
99.3%
+0.2%
+16% vs sector
0.01
-25.0%
-98% vs sector
-3.5%
-3.7%
≈ vs sector
-3.5%
-3.9%
-168% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-85k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €2.41M |
| Equity | €2.40M |
| Debt | €16k |
| of which ≤ 1y | €16k |
| of which > 1y | - |
| Working capital | €2.07M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 128.32 |
| Quick ratio | 128.32 |
| Working capital ratio | 85.9% |
| Solvency | 99.3% |
| Debt / equity | 0.01 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -3.5% |
| ROE | -3.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.41M |
| Fixed assets | 21/28 | €323k |
| Financial fixed assets | 28 | €323k |
| Current assets | 29/58 | €2.09M |
| Amounts receivable within one year | 40/41 | €1k |
| Investments | 50/53 | €1.95M |
| Cash & bank | 54/58 | €128k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.41M |
| Equity | 10/15 | €2.40M |
| Contributions / capital | 10/11 | €700k |
| Reserves | 13 | €500k |
| Accumulated profits (losses) | 14 | €1.20M |
| Amounts payable | 17/49 | €16k |
| Amounts payable within one year | 42/48 | €16k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €-106k |
| Operating result | 9901 | €-115k |
| Financial income | 75 | €31k |
| Financial charges | 65 | €601 |
| Result before taxes | 9903 | €-85k |
| Net result for the period | 9904 | €-85k |
| Result to be appropriated | 9905 | €-85k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed62
/ 100
Healthy
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Locations & real estate
Parcels1
Ground area1,663 m²
Buildings1
Building footprint1,598 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0852/00S000 | Flanders | 1,663 m² | 1 · 1,597 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
18 acts All acts · 18
updated 10 months ago
2025
03-10-2025 5 directors appointed
- Annemie VERHAEVERT, Bestuurder
- Bruno MENU, Bestuurder
- Katia ANDRIES, Bestuurder
- Valérie LEMASSON, Bestuurder
- Philip MARCK, Bestuurder
Summary:
v3.2
2024
04-10-2024 5 directors appointed, 6 resigning
- Frederik VANDEPITTE, Bestuurder
- Sophie CEYSSENS, Bestuurder
- Bart VAN AKEN, Bestuurder
- Johan TYTECA, Bestuurder
- Lieven KEPPENS, Bestuurder
- Frederik GOEGEBEUR, Bestuurder
- Lieven BOONE, Bestuurder
- Guido POFFE, Bestuurder
Summary:
v3.2
12-04-2024 1 director appointed, 1 resigning
2023
17-07-2023 9 directors appointed
- Geert DEBEERST, Bestuurder
- Marc DAEMS, Bestuurder
- Filip FERRANTE, Bestuurder
- Bart VERBEEK, Bestuurder
- Frederik GOEGEBEUR, Bestuurder
- Stephan OLAERTS, Bestuurder
- Victor VAN DE MOORTEL, Bestuurder
- BOGAERT & BOSMANS Bedrijfsrevisoren bv, Commissaris
Summary:
v3.2
2022
12-07-2022 5 directors appointed, 1 resigning
- Valérie Lemasson, Bestuurder
- Philip Marck, Bestuurder
- Katia Andries, Bestuurder
- Bruno Menu, Bestuurder
- Franky Depickere, Bestuurder
- Annemie Verhaevert, Bestuurder
Summary:
v3.2
10-06-2022 1 director appointed, 1 resigning
01-04-2022 1 director appointed, 1 resigning
2021
01-09-2021 Articles of association amended
Summary:
v3.2
30-06-2021 4 directors appointed, 1 resigning
- Dries Winters, Bestuurder
- Lieven Boone, Bestuurder
- Guido Poffé, Bestuurder
- Philippe Matthijs, Bestuurder
- Koen Van der Steeri, Bestuurder
Summary:
v3.2
2020
07-10-2020 9 directors appointed
- Geert Debeerst, Bestuurder
- Filip Ferrante, Bestuurder
- Bart Verbeek, Bestuurder
- Marc Daems, Bestuurder
- Frederik Goegebeur, Bestuurder
- Stephan Olaerts, Bestuurder
- Vic Van de Moortel, Bestuurder
- Lutgarde Vettenburg, Bestuurder
Summary:
v3.2
2019
30-09-2019 3 directors appointed, 1 resigning
- Franky Depickere, Bestuurder
- Jean Masscheleyn, Bestuurder
- Annemie Verhaevert, Bestuurder
- Matthieu Vanhove, Bestuurder
Summary:
v3.2
2018
07-11-2018 4 directors appointed, 1 resigning
- Lieven Boone, Raad van bestuur
- Guido Poffé, Raad van bestuur
- Philippe Matthijs, Raad van bestuur
- Koen Van der Steen, Raad van bestuur
- Frans Rymenams, Raad van bestuur
Summary:
v3.2
2017
13-12-2017 Peter Bogaert appointed as statutory auditor
21-06-2017 5 directors appointed, 5 resigning
- Vic Van de Moortel, Raad van bestuur
- Marc Daems, Raad van bestuur
- Frederik Goegebeur, Raad van bestuur
- Stephan Olaerts, Raad van bestuur
- Lut Vettenburg, Raad van bestuur
- Jacques De Raeymaeker, Raad van bestuur
- Olivier Lambin, Raad van bestuur
- Dirk Vyncke, Raad van bestuur
Summary:
v3.2
03-02-2017 7 resigning
- Philippe Matthijs, Raad van bestuur
- Ghislaine Van Kerckhove, Raad van bestuur
- Franky Depickere, Raad van bestuur
- Jean Masscheleyn, Raad van bestuur
- Matthieu Vanhove, Raad van bestuur
- Annemie Verhaevert, Raad van bestuur
- Peter Buelens, Raad van bestuur
Summary:
v3.2
2015
25-08-2015 7 directors appointed, 1 resigning
- Lieven Boone, Raad van bestuur
- Peter Buelens, Raad van bestuur
- Koen Peeters, Raad van bestuur
- Koen Van der Steen, Raad van bestuur
- Paul Troch, Raad van bestuur
- Frans Rymenams, Raad van bestuur
- Guido Poffé, Raad van bestuur
- Johan Struyvelt, Raad van bestuur
Summary:
v3.2
03-06-2015 2 directors appointed, 1 resigning
- Vic Van de Moortel, Raad van bestuur
- Peter Bogaert, Commissaris
- Erik Van Acker, Raad van bestuur
Summary:
v3.2
2007
04-01-2007 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Matthieu Vanhove · Leuven
Analysis
Snowflake analysis
financial profile on 5 axes63
/ 100
Strong profile, led by solvency.
Health
62
Profitability
0
Solvency
100
Growth
52
Stability
100
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Primary activity highlighted.
Names & trade names
| Legal nameNL | BRS |
Registered office
Muntstraat 1
3000 Leuven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.