BRS MICROFINANCE COOP

Dissolution or liquidation

Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2013Muntstraat 1, 3000 Leuven, BelgiumKBO/BCE: BE 0508.996.711

The KBO register records for BRS MICROFINANCE COOP the legal situation: dissolution or liquidation (code 012); this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €21.41M and a net result of €219k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: dissolution or liquidation (code 012). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

74 d early

2024

77 d early

2023

69 d early

2022

76 d early

2021

68 d early

2020

72 d early

2019

78 d early

← before the deadline after the deadline →

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 months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, abbreviated schema

Equity

€21.41M▼ 2.6%

2024 · €21.99M

2018: €21.77M 2019: €22.75M 2020: €22.29M 2021: €21.64M 2022: €21.98M 2023: €21.92M 2024: €21.99M

2018 → 2025

Net result

€219k▼ 60.8%

2024 · €559k

2018: €272k 2019: €287k 2020: €-681k 2021: €-574k 2022: €438k 2023: €470k 2024: €559k

2018 → 2025

Total assets

€22.00M▼ 1.0%

2024 · €22.22M

2018: €22.06M 2019: €22.97M 2020: €22.46M 2021: €21.82M 2022: €22.10M 2023: €22.06M 2024: €22.22M

2018 → 2025

Solvency

97.3%▼ 1.7pp

2024 · 99.0%

2018: 98.7% 2019: 99.0% 2020: 99.2% 2021: 99.2% 2022: 99.5% 2023: 99.4% 2024: 99.0%

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€21.64M-€21.98M▲ 1.6%€21.92M▼ 0.3%€21.99M▲ 0.3%€21.41M▼ 2.6%

Operating result€-307k-€-215k▲ 30.1%€-118k▲ 45.0%€-43k▲ 63.3%€-96k▼ 122%

Net result€-574k-€438k€470k▲ 7.3%€559k▲ 18.9%€219k▼ 60.8%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €96k in 2025 against €43k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €22.00M

12%

88.4%

Fixed assets €2.56M=

Current assets €19.45M▼ 1.1%

Equity and liabilities €22.00M

97.3%

Equity €21.41M▼ 2.6%

Provisions €50k

Debt €544k▲ 135%

The debt ratio rises from 1.0% to 2.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

Solvency

97.3%▼

2024 · 99.0%

ROE

1.0%▼

2024 · 2.5%

ROA

1.0%▼

2024 · 2.5%

Debt

€544k▲

2024 · €231k

Debt ≤ 1 year

€539k▲

2024 · €224k

Income taxes

€50k▲

2024 · €42k

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€22.22M€22.00M▼

Fixed assets21/28€2.56M€2.56M=

Financial fixed assets28€2.56M€2.56M=

Other financial fixed assets284/8€2.56M-

Shares284€2.56M-

Current assets29/58€19.66M€19.45M▼

Amounts receivable after more than one year29€2.21M€726k▼

Trade receivables290€2.02M€556k▼

Other amounts receivable291€192k€170k▼

Amounts receivable within one year40/41€696k€1.47M▲

Trade receivables40€513k€1.47M▲

Other amounts receivable41€183k-

Current investments50/53€16.28M€16.83M▲

Other investments51/53€16.28M-

Cash at bank and in hand54/58€292k€359k▲

Deferred charges and accrued income490/1€178k€69k▼

Equity and liabilities

Total equity and liabilities10/49€22.22M€22.00M▼

Equity10/15€21.99M€21.41M▼

Contributions10/11€21.51M€21.24M▼

Reserves13€482k€168k▼

Distributable reserves133€482k€168k▼

Provisions and deferred taxes16-€50k

Provisions for liabilities and charges160/5-€50k

Other liabilities and charges164/5-€50k

Amounts payable17/49€231k€544k▲

Amounts payable within one year42/48€224k€539k▲

Trade debts44€7k€4k▼

Suppliers440/4€7k€4k▼

Taxes, remuneration and social security45-€803

Taxes450/3-€803

Other amounts payable47/48€216k€534k▲

Accrued charges and deferred income492/3€7k€5k▼

Income statement Code20242025

Operating income70/76A€31k-

Other operating income74€31k-

Operating charges60/66A€74k-

Goods, raw materials, services and sundry goods60/61-€42k

Services and other goods61€42k-

Provisions for liabilities and charges: additions (uses and reversals)635/8-€50k

Other operating charges640/8€31k€4k▼

Gross operating margin9900-€-42k

Operating profit (loss)9901€-43k€-96k▼

Financial income75/76B€724k€508k▼

Recurring financial income75€724k€508k▼

Income from financial fixed assets750€101k-

Income from current assets751€599k-

Other financial income752/9€24k-

Financial charges65/66B€80k€143k▲

Recurring financial charges65€80k€143k▲

Debt charges650€240-

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-7k-

Other financial charges652/9€86k-

Profit (loss) for the period before taxes9903€601k€269k▼

Income taxes67/77€42k€50k▲

Taxes670/3€42k-

Profit (loss) for the period9904€559k€219k▼

Profit (loss) for the period to be appropriated9905€559k€219k▼

Appropriation of the result

Profit (loss) to be appropriated9906€559k€219k▼

Transfer from equity791/2-€314k

Transfer to equity691/2€343k-

To other reserves6921€343k-

Profit to be distributed694/7€216k€534k▲

Return on contributions (dividend)694€216k€534k▲

The notes to these accounts (3 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

All 41Financial 4Gazette 27Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-07

State Gazette act Resignations & appointments

Director resignation · Permanent representative3 facts ▸

Director resignation, Frederik Vandepitte (bestuurder)
Permanent representative, Frederik Vandepitte
Permanent representative, Marc De Ceuster

13-07

State Gazette act Statutes amendment · Resignations & appointments · End & cessation

General meeting · Statutes amendment · Dissolution22 facts ▸

General meeting, 13/05/2026
Statutes amendment
Dissolution, 2026-06-30
Liquidation, 01/07/2026
Statutes amendment
First fiscal year, 31/12/2027, 01/07/2026
Director resignation, VANDEPITTE Frederik (bestuurder)
Director resignation, DE KIMPE Anja (bestuurder)
Director resignation, DEBEERST Geert (bestuurder)
Director resignation, SCHREVER Koen (bestuurder)
Director resignation, VANDERPOOTEN Hugo (bestuurder)
Director resignation, VERBEEK Bart (bestuurder)
+10 further facts in this act

18-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

23-12

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment4 facts ▸

Board meeting, 2025-09-29
Director resignation, Stephan Olaerts (bestuurder C)
Director appointment, Anja De Kimpe (bestuurder C)
Director appointment, Anja De Kimpe (gedelegeerd bestuurder)

01-10

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 2025-05-09
Director resignation, Lieven Boone (bestuurder A)
Director appointment, Geert Debeerst (bestuurder A)
Director reappointment, Bart Verbeek (bestuurder C)
Director reappointment, Hugo Vanderpooten (bestuurder E)
Auditor appointment, PwC Bedrijfsrevisoren BV (commissaris)
Permanent representative, Damien Walgrave
Auditor term end, herbenoeming tijdens de Algemene Vergadering van 2022

15-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2018net €559k ▲18.9%

Operating result €-43k, net result €559k, both a record.

17-07

State Gazette act Resignations & appointments

General meeting · Director reappointment · Director appointment5 facts ▸

General meeting, 2024-05-08
Director reappointment, Stephan Olaerts (bestuurder)
Director reappointment, Koen Schrever (bestuurder)
Director appointment, Frederik Vandepitte (bestuurder)
Director resignation, Franky Depickere (bestuurder)

23-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

12-04

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment3 facts ▸

Board meeting, 2024-01-31
Director resignation, Franky Depickere (bestuurder C)
Director appointment, Frederik Vandepitte (bestuurder C)

2023

14-06

State Gazette act Resignations & appointments

Choice of domicile1 fact ▸

Choice of domicile, Woonplaatskeuze op de zetel van de vennootschap

16-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €438k

Net result €438k after 2 loss-making years.

12-07

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment7 facts ▸

General meeting, 2022-05-13
Director resignation, Pieter Vandendriessche (bestuurder E)
Director appointment, Hugo Vanderpooten (bestuurder E)
Director reappointment, Lieven Boone (bestuurder A)
Director reappointment, Bart Verbeek (bestuurder C)
Auditor reappointment, commissaris, drie jaren
Permanent representative, Kenneth Vermeire

15-06

State Gazette act Statutes amendment

General meeting · Statutes amendment · Capital5 facts ▸

General meeting, 2022-05-13
Statutes amendment
Statutes amendment
Capital, €50.000
Corporate purpose, Duurzame ontwikkelingsinitiatieven in het Zuiden bevorderen en via microfinancieren en microverzekeren de levenskwaliteit van de armere bevolking in het Zuiden…

24-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

24-06

State Gazette act Resignations & appointments

General meeting · Director reappointment4 facts ▸

General meeting, 2021-05-12
Director reappointment, Franky Depickere (bestuurder C)
Director reappointment, Stephan Olaerts (bestuurder C)
Director reappointment, Koen Schrever (bestuurder C)

21-06

State Gazette act Purpose · Statutes amendment · Legal-form change

General meeting · Purpose change · Reserve release9 facts ▸

General meeting, 2021-05-12
Purpose change, De vennootschap streeft een sociaal doel na en heeft geen oogmerk tot winstmaximalisatie. Zij heeft als voorwerp om duurzame ontwikkelingsinitiatieven in het Zu…
Reserve release, De onbeschikbare eigen vermogensrekening die haar oorsprong vindt in de vroegere wettelijke reserve wordt beschikbaar gemaakt en toegevoegd aan de beschikbare r…
Capital, €50.000
Statutes amendment
Share value, werkelijk gestorte inbreng per aandeel
Share restriction, C-aandelen kunnen enkel onderschreven worden door Cera CV, BRS VZW en KBC Bank NV of hun rechtsopvolgers en de met hen verbonden vennootschappen of rechtsperson…
Liquidation balance, Het nadien overblijvende liquidatiesaldo wordt toegekend aan BRS VZW of haar rechtsopvolger of, indien BRS VZW inmiddels zou ontbonden zijn, aan een entiteit di…
Filing document, Onderhandse volmachten

20-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet €-681k ▼337%

Net result drops to €-681k, the lowest in the series.

02-07

State Gazette act Resignations & appointments

General meeting · Director appointment · Permanent representative3 facts ▸

General meeting, 2020-05-13
Director appointment, Bart Verbeek (bestuurder)
Permanent representative, Kenneth Vermeire

14-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

13-01

State Gazette act Resignations & appointments

General meeting · Director reappointment · Auditor reappointment4 facts ▸

General meeting, 2019-05-08
Director reappointment, Lieven Boone (lid van de Raad van Bestuur)
Director reappointment, Pieter Vandendriessche (lid van de Raad van Bestuur)
Auditor reappointment, commissaris, 3 jaar

06-01

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment3 facts ▸

Board meeting, 2019-09-23
Director resignation, Matthieu Vanhove (bestuurder)
Director appointment, Stephan Olaerts (gedelegeerd bestuurder)

2019

31-12

Financial Liquidity quadruplescurrent ratio 390.99

Current ratio from 108.06 to 390.99; short-term debt falls from €199k to €57k.

30-09

State Gazette act Resignations & appointments

General meeting · Director reappointment · Auditor reappointment4 facts ▸

General meeting, 2019-05-08
Director reappointment, Lieven Boone (lid van de Raad van Bestuur)
Director reappointment, Pieter Vandendriessche (lid van de Raad van Bestuur)
Auditor reappointment, commissaris, 3 jaar (jaarrekeningen 2019, 2020, 2021)

17-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

25-03

State Gazette act Resignations & appointments

General meeting · Director reappointment5 facts ▸

General meeting, 2018-05-09
Director reappointment, Franky Depickere (lid van de Raad van Bestuur)
Director reappointment, Koen Schrever (lid van de Raad van Bestuur)
Director reappointment, Stephan Olaerts (lid van de Raad van Bestuur)
Director reappointment, Matthieu Vanhove (lid van de Raad van Bestuur)

2018

15-10

State Gazette act Resignations & appointments

Board meeting · Director appointment · Permanent representative4 facts ▸

Board meeting, 2016-04-19
Director appointment, Matthieu Vanhove (gedelegeerd bestuurder)
Permanent representative, Erik Clinck
Permanent representative, Olivier Macq

16-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema

15-02

State Gazette act Resignations & appointments

Board meeting · Director resignation · Director appointment3 facts ▸

Board meeting
Director resignation, Umberto Arts (bestuurder C)
Director appointment, Koen Schrever (bestuurder C)

2017

13-12

State Gazette act Registered office

Board meeting · Registered-office move2 facts ▸

Board meeting, 2017-11-28
Registered-office move, Muntstraat 1, 3000 Leuven

02-06

State Gazette act Resignations & appointments

General meeting · Director appointment4 facts ▸

General meeting, 2017-05-10
Director appointment, Stephan Olaerts (bestuurder C)
Director appointment, Lieven Boone (bestuurder A)
Director appointment, Pieter Vandendriessche (bestuurder E)

12-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

27-12

State Gazette act Resignations & appointments

Board meeting · Director appointment3 facts ▸

Board meeting, 2016-10-04
Director appointment, Lieven Boone (bestuurder A)
Director appointment, Pieter Vandendriessche (bestuurder E)

27-06

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Board meeting5 facts ▸

General meeting, 2016-05-11
Auditor reappointment, commissaris, 3 years
Board meeting, 2016-06-07
Director resignation, Peter Buelens (bestuurder C)
Director appointment, Stephan Olaerts (bestuurder C)

2015

16-12

State Gazette act Capital & shares

General meeting · Name change · Purpose change18 facts ▸

General meeting, 2015-11-18
Name change, BRS Microfinance Coop
Purpose change, De vennootschap streeft een soclaal doel na en heeft geen oogmerk tot winstmaximalisatie. Zij heeft tot doel om duurzame ontwikkelingsinitiatieven in het Zuiden…
Capital increase, €30.000
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Director resignation, Franky DEPICKERE (zaakvoerder)
Director appointment, Franky DEPICKERE (bestuurder)
+6 further facts in this act

2014

13-05

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative3 facts ▸

General meeting, 2014-04-25
Auditor appointment, KPMG Bedrijfsrevisoren CVBA (commissaris)
Permanent representative, Erik Clinck

13-02

State Gazette act Registered office

Registered-office move1 fact ▸

Registered-office move, Mgr. Ladeuzeplein 15, 3000 Leuven

2013

13-03

State Gazette act Capital & shares · Statutes amendment

Capital · Corporate purpose · Statutes amendment3 facts ▸

Capital, €728.000
Corporate purpose, De vennootschap heeft tot doel om duurzame ontwikkelingsinitiatieven te bevorderen. De vennootschap realiseert deze doelstelling onder meer door: -rechtstreekse…
Statutes amendment

18-01

State Gazette act Incorporation

Incorporation · Founding capital · Corporate purpose15 facts ▸

Incorporation, 2012-12-21
Founding capital, €728.000
Corporate purpose, De vennootschap heeft tot doel om duurzame ontwikkelingsinitiatieven te bevorderen. De vennootschap realiseert deze doelstelling onder meer door: -rechtstreekse…
Director appointment, Franky Depickere (zaakvoerder)
Director appointment, Matthieu Vanhove (zaakvoerder ad hoc)
Bank account, KBC Bank, BE58 7310 2917 8379
First fiscal year, 2013-12-31, 2012-12-21
Founder, BRS
Founder, Cera
Founder, Cera Beheersmaatschappij
Capital contribution
Capital contribution
+3 further facts in this act

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 directors, no change since 2026

Cera

Liquidator · since 01-07-2026 · Cooperative company · perm. rep.: VANDEPITTE Frederik

Current

01-07-2026 Cera: Appointed as Liquidator

01-07-2026 Anja De Kimpe: Resigned as Director

01-07-2026 Bart Verbeek: Resigned as Director

01-07-2026 Frederik VANDEPITTE: Resigned as Director

01-07-2026 Geert Debeerst: Resigned as Director

01-07-2026 Hugo VANDERPOOTEN: Resigned as Director

01-07-2026 Koen Schrever: Resigned as Director

16-06-2026 Frederik VANDEPITTE: Resigned as Director

01-10-2025 Anja De Kimpe: Appointed as Bestuurder c

01-10-2025 Anja De Kimpe: Appointed as Managing director

30-09-2025 Stephan Olaerts: Resigned as Bestuurder c

09-05-2025 Bart Verbeek: Mandate renewed as Bestuurder c

09-05-2025 Geert Debeerst: Appointed as Bestuurder a

09-05-2025 Hugo VANDERPOOTEN: Mandate renewed as Bestuurder e

09-05-2025 Lieven Boone: Resigned as Bestuurder a

08-05-2024 Koen Schrever: Mandate renewed as Director

08-05-2024 Stephan Olaerts: Mandate renewed as Director

08-05-2024 Franky Depickere: Resigned as Director

01-02-2024 Frederik VANDEPITTE: Appointed as Bestuurder c

31-01-2024 Frederik VANDEPITTE: Appointed as Director

31-01-2024 Franky Depickere: Resigned as Bestuurder c

13-05-2022 Bart Verbeek: Mandate renewed as Bestuurder c

13-05-2022 Hugo VANDERPOOTEN: Appointed as Bestuurder e

13-05-2022 Lieven Boone: Mandate renewed as Bestuurder a

+ 27 not shown in this overview

Location & real-estate footprint

Registered office, Leuven · 1 establishment unit since 2013

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.

Muntstraat 13000 Leuven

Ground area

3,467 m²

Building footprint

3,045 m²

Volume, LiDAR

21,257 m³

2 parcels, Flanders · tallest building 24.2 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

BRS Fonds

Monseigneur Ladeuzeplein 15, 3000 LeuvenAgents and brokers in banking services

since 20132.237.638.362

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24502B0583/00X002	Flanders	1,804 m²	1 · 1,448 m²	24.2 m · 6 fl.
24502B0852/00S000 ProtectedMonumentHotel d'EynattenSource ↗	Flanders	1,663 m²	1 · 1,597 m²	-

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).

Statutory auditor

3 auditors

BV PwC BedrijfsrevisorenCurrent

Statutory auditor · represented by Damien Walgrave

09-05-2025 → present

Show 2 earlier auditors

KPMG Bedrijfsrevisoren BV Statutory auditor · represented by Kenneth Vermeire succeeded by BV PwC Bedrijfsrevisoren in 2025	13-05-2022 → 09-05-2025
KPMG Bedrijfsrevisoren CVBA Statutory auditor succeeded by KPMG Bedrijfsrevisoren BV in 2022	25-04-2014 → 13-05-2022