BRABEL
InactiveBRABEL was declared bankrupt on 17-10-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 05-06-2025, published in the Belgian State Gazette on 18-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 19-01-2022, 172 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
not filed
2020
172 d late
2019
48 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, full schema
Turnover
€620k▼ 34.0%
2019 · €939k
2018: €733k
2019: €939k
2018 → 2020
EBIT margin
2.9%▲ 1.2pp
2019 · 1.7%
2018: 8.7%
2019: 1.7%
2018 → 2020
Net result
€8k▲ 71.2%
2019 · €5k
2018: €30k
2019: €5k
2018 → 2020
Working capital
€38k▲ 39.4%
2019 · €27k
2018: €87k
2019: €27k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€733k-€939k▲ 28.2%€620k▼ 34.0%
Equity€50k-€55k▲ 9.8%€63k▲ 15.3%
Operating result€64k-€16k▼ 75.7%€18k▲ 14.5%
Net result€30k-€5k▼ 83.7%€8k▲ 71.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 15% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €280k
Fixed assets
€26k ▼ 24.2%
Current assets
€255k ▼ 35.6%
Equity and liabilities €280k
Equity
€63k ▲ 15.3%
Debt
€217k ▼ 42.0%
Debt's share of the balance-sheet total falls from 87.3% to 77.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2019 · €22k
Cash flow
€17k▲
2019 · €11k
Current ratio
1.18▲
2019 · 1.07
Debt to equity
0.01▼
2019 · 0.12
ROE
13.2%▲
2019 · 8.9%
ROA
3.0%▲
2019 · 1.1%
Debt ≤ 1 year
€217k▼
2019 · €368k
Debt > 1 year
€538▼
2019 · €6k
Income taxes
€3k▲
2019 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 26 lines
Balance sheet
Code20192020
Assets
Total assets20/58€430k€280k▼
Fixed assets21/28€34k€26k▼
Tangible fixed assets22/27€28k€20k▼
Financial fixed assets28€6k€6k=
Current assets29/58€396k€255k▼
Amounts receivable within one year40/41€392k€216k▼
Cash at bank and in hand54/58€4k€23k▲
Equity and liabilities
Total equity and liabilities10/49€430k€280k▼
Equity10/15€55k€63k▲
Contributions10/11€6k€6k=
Reserves13€18k€18k=
Profit (loss) carried forward14€31k€39k▲
Amounts payable17/49€375k€217k▼
Amounts payable after more than one year17€6k€538▼
Amounts payable within one year42/48€368k€217k▼
Trade debts44€323k€183k▼
Income statement
Code20192020
Turnover70€939k€620k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Gross operating margin9900€45k€27k▼
Operating profit (loss)9901€16k€18k▲
Recurring financial income75-€311
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€7k€11k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€5k€8k▲
Profit (loss) for the period to be appropriated9905€5k€8k▲
Timeline · acts, filings and financial milestones
2025
18-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · BRABEL SPRL CHAUSSEE D’ALSEMBERG 842, 1180 UCCLE. déclarée le 17 octobre 2022 · event 05-06-2025
2022
31-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · BRABEL SPRL CHAUSSEE D’ALSEM- BERG 842, 1180 UCCLE · event 17-10-2022
22-07
Judicial reorganisation
Plan revocation
Tribunal de l’entreprise du Brabant wallon · 20200004 · event 12-07-2022
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 172 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
24-02
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collectif · event 17-02-2020
2019
31-12
Financial
Weakest financial yearnet €5k ▼83.7%
Net result drops to €5k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 BRUXELLES 5 |
17-10-2022 → 05-06-2025 |