BR CONSULT
InactiveBR CONSULT was declared bankrupt on 30-11-2023 (Tribunal de l’entreprise de Liège, division Namur); the bankruptcy was closed by liquidation by judgment of 31-12-2025, published in the Belgian State Gazette on 06-01-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 09-02-2023, 193 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
193 d late
2020
453 d late
2019
116 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 254 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€5,404▼ 69.3%
2020 · €17,595
Total assets
€67,046▼ 11.7%
2020 · €75,929
Net result
-€12,191▼ 116%
2020 · -€5,650
Working capital
-€55,110▼ 1,323%
2020 · -€3,872
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
Line2018201920202021
Operating result€3,747-€243▼ 93.5%-€3,732-€11,000▼ 195%
Net result€112--€2,328-€5,650▼ 143%-€12,191▼ 116%
Equity€25,573-€23,245▼ 9.1%€17,595▼ 24.3%€5,404▼ 69.3%
Total assets€98,275-€87,430▼ 11.0%€75,929▼ 13.2%€67,046▼ 11.7%
Debt€72,702-€64,184▼ 11.7%€58,334▼ 9.1%€61,642▲ 5.7%
Working capital-€2,611--€5,166▼ 97.8%-€3,872▲ 25.0%-€55,110▼ 1,323%
Staff (FTE)0.8-0.5▼ 37.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,000 in 2021 against €3,732 in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €67,046
Fixed assets
€60,514 ▲ 4.2%
Current assets
€6,533 ▼ 63.4%
Equity and liabilities €67,046
Equity
€5,404 ▼ 69.3%
Debt
€61,642 ▲ 5.7%
Debt's share of the balance-sheet total rises from 76.8% to 91.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€356▼
2020 · €6,567
Cash flow
-€835▼
2020 · €4,649
Current ratio
0.11▼
2020 · 0.82
Debt to equity
11.41▲
2020 · 3.32
ROE
-225.6%▼
2020 · -32.1%
ROA
-18.2%▼
2020 · -7.4%
Interest coverage
0.33▼
2020 · 3.58
Debt ≤ 1 year
€61,642▲
2020 · €21,735
Debt > 1 year
€0▼
2020 · €36,599
Income taxes
€117▲
2020 · €83
Staff costs
€97▼
2020 · €270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €270 | €97 | ▼ 64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,399 | €10,399 | €10,299 | €11,356 | ▲ 10.3% |
| Other operating charges640/8 | - | - | €1,605 | €340 | ▼ 78.8% |
| Gross operating margin9900 | €31,031 | €28,230 | €8,442 | €792 | ▼ 90.6% |
| Operating profit (loss)9901 | €3,747 | €243 | -€3,732 | -€11,000 | ▼ 195% |
| Recurring financial income75 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €1,835 | €1,074 | ▼ 41.5% |
| Recurring financial charges65 | €2,273 | €1,952 | €1,835 | €1,074 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €1,474 | -€1,709 | -€5,567 | -€12,074 | ▼ 117% |
| Income taxes67/77 | €1,362 | €619 | €83 | €117 | ▲ 41.0% |
| Profit (loss) for the period9904 | €112 | -€2,328 | -€5,650 | -€12,191 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | €112 | -€2,328 | -€5,650 | -€12,191 | ▼ 116% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €98,275 | €87,430 | €75,929 | €67,046 | ▼ 11.7% |
| Formation expenses20 | €574 | €44 | - | - | - |
| Fixed assets21/28 | €74,836 | €64,966 | €58,066 | €60,514 | ▲ 4.2% |
| Intangible fixed assets21 | €72,912 | €63,892 | €54,872 | €45,852 | ▼ 16.4% |
| Tangible fixed assets22/27 | €1,723 | €874 | €2,993 | €14,462 | ▲ 383% |
| Plant, machinery and equipment23 | - | - | - | €2,524 | - |
| Furniture and vehicles24 | - | - | €2,603 | €11,892 | ▲ 357% |
| Other tangible fixed assets26 | - | - | €390 | €45 | ▼ 88.4% |
| Financial fixed assets28 | €201 | €201 | €201 | €201 | ▼ 0.2% |
| Current assets29/58 | €22,866 | €22,419 | €17,863 | €6,533 | ▼ 63.4% |
| Amounts receivable within one year40/41 | €21,236 | €20,870 | €14,817 | €5,629 | ▼ 62.0% |
| Trade receivables40 | - | - | - | €5,629 | - |
| Other amounts receivable41 | - | - | €14,817 | - | - |
| Cash at bank and in hand54/58 | - | €1,478 | €1,903 | €708 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | - | - | €1,143 | €195 | ▼ 82.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €98,275 | €87,430 | €75,929 | €67,046 | ▼ 11.7% |
| Equity10/15 | €25,573 | €23,245 | €17,595 | €5,404 | ▼ 69.3% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €573 | €573 | €573 | €573 | = |
| Non-distributable reserves130/1 | - | - | €573 | €573 | = |
| Reserves not available under the articles1311 | - | - | €573 | €573 | = |
| Profit (loss) carried forward14 | - | -€2,328 | -€7,978 | -€20,169 | ▼ 153% |
| Amounts payable17/49 | €72,702 | €64,184 | €58,334 | €61,642 | ▲ 5.7% |
| Amounts payable after more than one year17 | €47,225 | €36,599 | €36,599 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €36,599 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €25,477 | €27,585 | €21,735 | €61,642 | ▲ 184% |
| Financial debts43 | - | - | - | €2,015 | - |
| Credit institutions430/8 | - | - | - | €2,015 | - |
| Trade debts44 | €2,947 | €742 | €2,365 | €3,341 | ▲ 41.2% |
| Suppliers440/4 | - | - | €2,365 | €3,341 | ▲ 41.2% |
| Taxes, remuneration and social security45 | - | - | €3,549 | €1,076 | ▼ 69.7% |
| Taxes450/3 | - | - | €3,549 | €1,076 | ▼ 69.7% |
| Other amounts payable47/48 | - | - | €15,821 | €55,212 | ▲ 249% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112 | -€2,328 | -€5,650 | -€12,191 | ▼ 116% |
| + Depreciation and write-downs630 | €10,399 | €10,399 | €10,299 | €11,356 | ▲ 10.3% |
| Operating cash flow (approximation) | €10,511 | €8,072 | €4,649 | -€835 | ▼ 118% |
| Investment in fixed assets (approximation) | - | -€530 | -€3,399 | -€13,804 | ▼ 306% |
| Change in cash | - | - | €425 | -€1,195 | ▼ 381% |
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
2026
06-01
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Namur · event 31-12-2025
2023
28-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · event 30-11-2023
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 193 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 453 days late
2021
31-12
Financial
Weakest financial yearnet -€12,191
Net result drops to -€12,191, the lowest in the series.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MURIELLE DELFORGE CHAUSSEE DE DINANT 776,
5100 04 WEPION |
30-11-2023 → 31-12-2025 |