Brulocalis
ActiveBrulocalis has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.53M and a net result of €94k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-5
Solvency80▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.07 in 2024; short-term debt: 34.8% and cash: 43.2% of total assets), and 44.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
55.4%
Return on assets
0.8%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
15 d early
2023
8 d early
2022
12 d early
2021
25 d early
2020
1 d early
2019
on the day
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€94k▼ 29.5%
2024 · €134k
2018: €196k
2019: €388k
2020: €261k
2021: €466k
2022: €3.02M
2023: €20k
2024: €134k
2018 → 2025
Working capital
€3.77M▼ 5.4%
2024 · €3.98M
2018: €2.83M
2019: €3.06M
2020: €3.05M
2021: €3.01M
2022: €3.96M
2023: €3.88M
2024: €3.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.27M-€6.28M▲ 92.3%€6.30M▲ 0.3%€6.44M▲ 2.1%€6.53M▲ 1.5%
Operating result€511k-€3.06M▲ 499%€21k▼ 99.3%€148k▲ 598%€112k▼ 24.7%
Net result€466k-€3.02M▲ 547%€20k▼ 99.3%€134k▲ 573%€94k▼ 29.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.78M
Fixed assets
€3.91M▲ 12.6%
Current assets
€7.87M▲ 2.1%
Equity and liabilities €11.78M
Equity
€6.53M▲ 1.5%
Provisions
€24k
Debt
€5.23M▲ 10.2%
The debt ratio rises from 42.4% to 44.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€224k▼
2024 · €274k
Cash flow
€207k▼
2024 · €260k
Solvency
55.4%▼
2024 · 57.6%
Current ratio
1.92▼
2024 · 2.07
Quick ratio
1.92▼
2024 · 2.07
Debt / equity
0.80▲
2024 · 0.74
ROE
1.4%▼
2024 · 2.1%
ROA
0.8%▼
2024 · 1.2%
Interest coverage
5.47▼
2024 · 6.10
Debt
€5.23M▲
2024 · €4.74M
Debt ≤ 1 year
€4.10M▲
2024 · €3.72M
Debt > 1 year
€939k▲
2024 · €846k
Income taxes
€10k▼
2024 · €13k
Staff costs
€3.58M▲
2024 · €3.30M
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€11.18M€11.78M▲
Fixed assets21/28€3.48M€3.91M▲
Intangible fixed assets21€8k-
Tangible fixed assets22/27€3.45M€3.89M▲
Land and buildings22€3.39M€3.30M▼
Furniture and vehicles24€20k€15k▼
Assets under construction and advance payments27€39k€583k▲
Financial fixed assets28€20k€20k=
Current assets29/58€7.70M€7.87M▲
Amounts receivable within one year40/41€1.14M€1.37M▲
Trade receivables40€226k€415k▲
Other amounts receivable41€915k€953k▲
Current investments50/53-€1.35M
Cash at bank and in hand54/58€6.38M€5.09M▼
Deferred charges and accrued income490/1€181k€59k▼
Equity and liabilities
Total equity and liabilities10/49€11.18M€11.78M▲
Equity10/15€6.44M€6.53M▲
Reserves13€6.44M€6.53M▲
Provisions and deferred taxes16-€24k
Provisions for liabilities and charges160/5-€24k
Environmental obligations163-€24k
Amounts payable17/49€4.74M€5.23M▲
Amounts payable after more than one year17€846k€939k▲
Financial debts170/4€846k€939k▲
Amounts payable within one year42/48€3.72M€4.10M▲
Current portion of amounts payable after more than one year42€145k€156k▲
Trade debts44€142k€150k▲
Suppliers440/4€142k€150k▲
Advances received on contracts in progress46€261k€261k=
Taxes, remuneration and social security45€562k€583k▲
Taxes450/3€113k€120k▲
Remuneration and social security454/9€449k€463k▲
Accrued charges and deferred income492/3€175k€187k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3.30M€3.58M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€113k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k-
Other operating charges640/8€41k€48k▲
Non-recurring operating charges66A-€108
Gross operating margin9900€3.62M€3.88M▲
Operating profit (loss)9901€148k€112k▼
Financial income75/76B€44k€34k▼
Recurring financial income75€44k€34k▼
Financial charges65/66B€45k€41k▼
Recurring financial charges65€45k€41k▼
Profit (loss) for the period before taxes9903€147k€105k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€134k€94k▼
Profit (loss) for the period to be appropriated9905€134k€94k▼
Appropriation of the result
Profit (loss) to be appropriated9906€134k€94k▼
To contributions691€134k€94k▼
Social balance
Average headcount (FTE)908734.538.4▲
The notes to these accounts (21 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €20k ▼99.3%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €3.02M ▲547%
Operating result €3.06M, net result €3.02M, both a record.
31-12
Financial
Equity above €5MEq €6.28M ▲92.3%
5 profitable years in a row build equity to €6.28M.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
State Gazette act
General meeting · Merger
Member admission · Power of attorney
18-07
State Gazette act
General meeting · Merger
Member admission
18-07
State Gazette act
General meeting · Member admission
Power of attorney
18-07
State Gazette act
General meeting · Merger
Member admission · Power of attorney
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-04-2025
Gilles MAROT: Resigned as Director
02-04-2025
Khalid ZIAN: Resigned as Director
02-04-2025
Stéphane OBEID: Resigned as Director
29-11-2024
Adelheid BYTTEBIER: Resigned as Director
29-11-2024
Anne DELVAUX: Resigned as Director
29-11-2024
Christian BEOZIERE: Resigned as Director
29-11-2024
Cindy DEVACHT: Resigned as Director
29-11-2024
EVRAUD Danielle: Resigned as Director
29-11-2024
Joseph BERTRAND: Resigned as Director
29-11-2024
Kris VANSLAMBROUCK: Resigned as Director
29-11-2024
Lucie PETRE: Resigned as Director
29-11-2024
Marie - Pierre BAUWENS: Resigned as Director
29-11-2024
Martine RAETS: Resigned as Director
29-11-2024
Mohammad AAMIR NAEEM: Resigned as Director
29-11-2024
Sihame HADDIOUI: Resigned as Director
29-11-2024
Vanessa RIGODANZO: Resigned as Director
29-11-2024
Véronique CAPELLE: Resigned as Director
23-07-2024
Esmeralda Van den Bosch: Resigned as Director
23-07-2024
Harold PEETERS: Resigned as Director
23-07-2024
Jos RAYMENANTS: Resigned as Director
23-07-2024
Michel VAN KERK: Resigned as Director
23-07-2024
Riet DHONT: Resigned as Director
24-08-2023
Maximilien RALET: Resigned as Director
28-02-2023
Esmeralda Van den Bosch: Resigned as Director
+ 32 not shown in this overview
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2000
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.
Koningsstraat 1681000 BrusselGround area
7,211 m²
Building footprint
8,158 m²
Volume, LiDAR
185,733 m³
2 parcels, Brussels · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Brulocalis
since 20002.156.004.449
Kantersteen 47, 1000 Brussel
since 20232.340.652.362
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 fl. |
| 21803C0656/00E000 | Brussels | 384 m² | 1 · 284 m² | 26.0 m · 7 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Federal government
2023 to 2025 · 5 entries · 3,634,847 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Buitenlandse Zaken | 1 | 1,188,413 EUR |
| 2024 | FOD Buitenlandse Zaken | 2 | 1,234,221 EUR |
| 2023 | FOD Buitenlandse Zaken | 2 | 1,212,213 EUR |
Budget allocations
Ondersteuning aan de bijdrage van de organisaties van de civiele maatschappij en institutionele actoren in de realisatie van de doelen van de gemeenschappelijke strategische kaders (cf. art. 2.14.6 en 2.14.10 van de wetsbepalingen)
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Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded29-10-1993
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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 entryWebsite:www.brulocalis.brussels