Active BE 0762.824.727Public limited company

B.R.N RETAIL

Champs de Tignée 8 ·4671 Blégny, Belgium· 5 yrs active

Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen (47110)

Conclusion Checked

The computed 12-month bankruptcy probability of B.R.N RETAIL is 2.3% (moderate). The 2025 annual accounts show negative equity (€-181k) and a net result of €-71k. Equity is shrinking by ~93.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 249 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-181k
Net result	€-71k
Staff (FTE)	20.6
Better than sector	19%

Financial profile 5 of 5 axes measured · computed by Checked

59 / 100

Mixed profile: strong on profitability, weaker on growth.

All 5 axes are computed from data Checked has read.

Health 33

Profitability 100

Solvency 37

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Health barometer FY 2025 · computed

33 / 100 Weak

050100

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 05-09-2025 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~93.9%/year over 4 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 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-8.3%	13.9%	better than 19% of 249 sector peers
Net result	€-71k	€19k	better than 18% of 249 sector peers
Equity	€-181k	€95k	better than 10% of 249 sector peers
Gross operating margin	€1.11M	€323k	better than 85% of 218 sector peers
Staff costs	€913k	€281k	higher than 80% of 220 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€182k

+323.4% 22-25

Net profit

€-71k

+65.9% 22-25

Cash flow

€135k

- 22-25

Total assets

€2.17M

+9.8% 22-25

Equity

€-181k

-65.4% 22-25

Working capital

€-502k

-34.4% 22-25

Employees (FTE)

21

-3.7% 22-25

Staff costs

€913k

-7.2% 22-25

Show 10 other metrics

Debt

€2.35M

+12.7% 22-25

Debt ≤ 1y

€1.45M

+56.7% 22-25

Debt > 1y

€860k

-18.8% 22-25

Current ratio

0.65

+9.7% 22-25

Quick ratio

0.36

+147.1% 22-25

Solvency

-8.3%

-50.6% 22-25

Debt / equity

-13.00

+31.8% 22-25

ROE

39.5%

-79.4% 22-25

ROA

-3.3%

+69.0% 22-25

Interest coverage

3.83

+335.8% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	-
EBITDA	€182k
Net profit	€-71k
Cash flow	€135k
Staff costs	€913k
Income taxes	-
Dividends	-
Total assets	€2.17M
Equity	€-181k
Debt	€2.35M
of which ≤ 1y	€1.45M
of which > 1y	€860k
Working capital	€-502k
Employees (FTE)	20.6

Ratios (computed)

	2025
Current ratio	0.65
Quick ratio	0.36
Working capital ratio	-23.1%
Solvency	-8.3%
Debt / equity	-13.00
Long-term debt ratio	-4.75
Interest coverage	3.83
Gross margin	-
Net margin	-
ROA	-3.3%
ROE	39.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €1.22M · 56.5% Current assets €945k · 43.6%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.17M
Fixed assets	21/28	€1.22M
Formation expenses	20	€510
Intangible fixed assets	21	€388k
Tangible fixed assets	22/27	€836k
Current assets	29/58	€945k
Stocks & contracts in progress	3	€421k
Amounts receivable within one year	40/41	€438k
Cash & bank	54/58	€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.17M
Equity	10/15	€-181k
Contributions / capital	10/11	€200k
Reserves	13	€15k
Accumulated profits (losses)	14	€-396k
Amounts payable	17/49	€2.35M
Amounts payable after one year	17	€860k
Amounts payable within one year	42/48	€1.45M
Trade debts payable within one year	44	€1.12M
Income statement
Gross operating margin	9900	€1.11M
Operating result	9901	€-24k
Financial income	75	€420
Financial charges	65	€47k
Result before taxes	9903	€-71k
Net result for the period	9904	€-71k
Result to be appropriated	9905	€-71k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Eric Brone
Director
State Gazette act 23071995 (02-06-2023)

Current
28-02-2023 → present
Muriel Bertrand
Secretary
State Gazette act 23071995 (02-06-2023)

Current
28-02-2023 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form	Public limited company(014)
Incorporation	02-02-2021
Status	Active
Postal code	4671

Establishment units 1 location

CARREFOUR MARKET

Champs de Tignée 8, 4671 BlégnyDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)

since 20212.314.125.040

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels 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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62010A0117/00W002	Wallonia	6,134 m²	1 · 1,728 m²	5.2 m · 1 fl.

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.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

05-09-2025

NBB filing Annual accounts filed

fiscal year 2025 · volledig

2024

16-09-2024

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2023

29-09-2023

NBB filing Annual accounts filed

fiscal year 2023 · volledig

02-06-2023

State Gazette act Director changes

2022

30-09-2022

NBB filing Annual accounts filed

fiscal year 2022 · volledig

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

02-06-2023 3 directors appointed Director changes

Muriel Bertrand, Secretaris
Eric Brone, Bestuurder
Gregory Brone, Commissaris

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114

Primary activity highlighted.

Names & trade names

Legal nameFR

B.R.N RETAIL

Registered office

Champs de Tignée 8

4671 Blégny, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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