BR 2
ActiveSummary
BR 2 has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,901 and a net result of -€14,933. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 37% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+19
Solvency43▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.09 in 2024; short-term debt: 37.1% of total assets), and 81.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.3%
Return on assets
-4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€14,933
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
28 d late
2022
79 d late
2021
31 d late
2020
31 d late
2019
67 d late
← 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 42 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€68,901▼ 17.8%
2024 · €83,834
Total assets
€375,603▼ 16.9%
2024 · €452,203
Net result
-€14,933▲ 67.7%
2024 · -€46,164
Working capital
€14,318▲ 15.0%
2024 · €12,455
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,663▼ 44.5%€49,513▲ 291%€27,334▼ 44.8%-€31,786€701
Net result€1,605▼ 67.2%€25,099▲ 1,464%€11,671▼ 53.5%-€46,164-€14,933▲ 67.7%
Equity€93,228▲ 1.8%€118,327▲ 26.9%€129,998▲ 9.9%€83,834▼ 35.5%€68,901▼ 17.8%
Total assets€461,099▼ 1.3%€457,433▼ 0.8%€515,966▲ 12.8%€452,203▼ 12.4%€375,603▼ 16.9%
Debt€367,871▼ 2.0%€339,106▼ 7.8%€385,968▲ 13.8%€368,369▼ 4.6%€306,702▼ 16.7%
Working capital€30,627▲ 182%€42,560▲ 39.0%-€3,350€12,455€14,318▲ 15.0%
Staff (FTE)2.4▼ 27.3%2.6▲ 8.3%3.3▲ 26.9%1.9▼ 42.4%2.2▲ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €701 after a loss of €31,786 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €375,603
Fixed assets
€221,823 ▼ 24.9%
Current assets
€153,779 ▼ 2.0%
Equity and liabilities €375,603
Equity
€68,901 ▼ 17.8%
Debt
€306,702 ▼ 16.7%
Debt's share of the balance-sheet total rises from 81.5% to 81.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43,338▲
2024 · €22,655
Cash flow
€27,703▲
2024 · €8,277
Current ratio
1.10▲
2024 · 1.09
Quick ratio
0.72▲
2024 · 0.72
Debt to equity
4.45▲
2024 · 4.39
ROE
-21.7%▲
2024 · -55.1%
ROA
-4.0%▲
2024 · -10.2%
Interest coverage
2.76▲
2024 · 1.42
Debt ≤ 1 year
€139,461▼
2024 · €144,431
Debt > 1 year
€167,240▼
2024 · €223,438
Staff costs
€53,344▲
2024 · €39,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €23,902 | €3,053 | €986 | €6,683 | €15,323 | ▲ 129% |
| Remuneration, social security and pensions62 | €81,192 | €53,037 | €58,830 | €39,714 | €53,344 | ▲ 34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,078 | €35,638 | €49,133 | €54,441 | €42,636 | ▼ 21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€15,540 | - | €14,600 | - | - |
| Other operating charges640/8 | €3,976 | €12,245 | €5,230 | €4,170 | €4,776 | ▲ 14.5% |
| Non-recurring operating charges66A | €7,655 | €9,637 | €2,645 | €3,547 | €10,168 | ▲ 187% |
| Gross operating margin9900 | €138,564 | €144,530 | €143,171 | €84,685 | €111,625 | ▲ 31.8% |
| Operating profit (loss)9901 | €12,663 | €49,513 | €27,334 | -€31,786 | €701 | ▲ 102% |
| Financial income75/76B | €338 | €691 | €24 | €632 | €47 | ▼ 92.5% |
| Recurring financial income75 | €338 | €691 | €24 | €632 | €47 | ▼ 92.5% |
| Financial charges65/66B | €11,676 | €10,233 | €11,244 | €15,989 | €15,682 | ▼ 1.9% |
| Recurring financial charges65 | €11,676 | €10,233 | €11,244 | €15,989 | €15,682 | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | €1,325 | €39,971 | €16,114 | -€47,143 | -€14,933 | ▲ 68.3% |
| Income taxes67/77 | -€279 | €14,872 | €4,443 | -€979 | - | - |
| Profit (loss) for the period9904 | €1,605 | €25,099 | €11,671 | -€46,164 | -€14,933 | ▲ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €1,605 | €25,099 | €11,671 | -€46,164 | -€14,933 | ▲ 67.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €461,099 | €457,433 | €515,966 | €452,203 | €375,603 | ▼ 16.9% |
| Fixed assets21/28 | €298,331 | €286,674 | €319,199 | €295,317 | €221,823 | ▼ 24.9% |
| Tangible fixed assets22/27 | €298,171 | €286,514 | €319,039 | €295,157 | €221,663 | ▼ 24.9% |
| Land and buildings22 | €127,369 | €123,237 | €119,106 | €114,974 | €110,842 | ▼ 3.6% |
| Plant, machinery and equipment23 | €132,290 | €121,390 | €101,092 | €117,354 | €100,688 | ▼ 14.2% |
| Furniture and vehicles24 | €38,512 | €41,886 | €98,841 | €62,829 | €10,133 | ▼ 83.9% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €162,768 | €170,760 | €196,767 | €156,886 | €153,779 | ▼ 2.0% |
| Stocks and contracts in progress3 | €65,032 | €38,552 | €67,691 | €52,966 | €52,879 | ▼ 0.2% |
| Stocks30/36 | €65,032 | €38,552 | €67,691 | €52,966 | €52,879 | ▼ 0.2% |
| Amounts receivable within one year40/41 | €91,896 | €122,062 | €124,881 | €96,757 | €95,518 | ▼ 1.3% |
| Trade receivables40 | €86,896 | €117,062 | €124,775 | €90,673 | €85,518 | ▼ 5.7% |
| Other amounts receivable41 | €5,000 | €5,000 | €105 | €6,084 | €10,000 | ▲ 64.4% |
| Cash at bank and in hand54/58 | €1,051 | €3,936 | - | - | - | - |
| Deferred charges and accrued income490/1 | €4,789 | €6,209 | €4,196 | €7,163 | €5,383 | ▼ 24.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €461,099 | €457,433 | €515,966 | €452,203 | €375,603 | ▼ 16.9% |
| Equity10/15 | €93,228 | €118,327 | €129,998 | €83,834 | €68,901 | ▼ 17.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,751 | €31,850 | €31,850 | €31,850 | €31,850 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €4,891 | €29,990 | €31,850 | €31,850 | €31,850 | = |
| Profit (loss) carried forward14 | €67,878 | €67,878 | €79,548 | €33,384 | €18,451 | ▼ 44.7% |
| Amounts payable17/49 | €367,871 | €339,106 | €385,968 | €368,369 | €306,702 | ▼ 16.7% |
| Amounts payable after more than one year17 | €235,230 | €210,907 | €185,851 | €223,438 | €167,240 | ▼ 25.2% |
| Financial debts170/4 | €235,230 | €210,907 | €185,851 | €223,438 | €167,240 | ▼ 25.2% |
| Amounts payable within one year42/48 | €132,141 | €128,199 | €200,117 | €144,431 | €139,461 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | €23,614 | €38,313 | €83,171 | €46,029 | €26,769 | ▼ 41.8% |
| Financial debts43 | €25,998 | €10,000 | - | - | €21,015 | - |
| Credit institutions430/8 | €25,998 | €10,000 | - | - | €21,015 | - |
| Trade debts44 | €35,039 | €29,991 | €52,181 | €37,419 | €62,176 | ▲ 66.2% |
| Suppliers440/4 | €35,039 | €29,991 | €52,181 | €37,419 | €62,176 | ▲ 66.2% |
| Taxes, remuneration and social security45 | €42,420 | €43,507 | €35,617 | €37,598 | €20,453 | ▼ 45.6% |
| Taxes450/3 | €19,352 | €25,821 | €15,996 | €14,705 | €7,761 | ▼ 47.2% |
| Remuneration and social security454/9 | €23,068 | €17,686 | €19,621 | €22,893 | €12,691 | ▼ 44.6% |
| Other amounts payable47/48 | €5,070 | €6,388 | €29,148 | €23,386 | €9,049 | ▼ 61.3% |
| Accrued charges and deferred income492/3 | €500 | - | - | €500 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,605 | €25,099 | €11,671 | -€46,164 | -€14,933 | ▲ 67.7% |
| + Depreciation and write-downs630 | €33,078 | €35,638 | €49,133 | €54,441 | €42,636 | ▼ 21.7% |
| Operating cash flow (approximation) | €34,683 | €60,737 | €60,803 | €8,277 | €27,703 | ▲ 235% |
| Investment in fixed assets (approximation) | - | -€23,980 | -€81,658 | -€30,559 | €30,857 | ▲ 201% |
| Change in cash | - | €2,886 | - | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€46,164
Net result drops to -€46,164, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
2022
31-12
Financial
Highest result since 2018net €25,099 ▲1,464%
Operating result €49,513, net result €25,099, both a record.
31-12
Financial
Equity above €100,000Eq €118,327 ▲26.9%
5 profitable years in a row build equity to €118,327.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ferrières · 1 establishment unit since 2005
Ground area
807 m²
Building footprint
512 m²
Parcel 61076B0364/00N005, Wallonia. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
BR2
since 20052.149.915.621
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61076B0364/00N005 | Wallonia | 807 m² | 1 · 512 m² | - |
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.
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Of 10,664 companies in sector 47811 we hold annual accounts for 5,220. 3,473 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49410Freight transport by road
Contact
Website
www.br2.be
E-mail
laurent@br2.be
Scores and ratios are computed by Checked and are not a credit decision.