Summary
BRABHOLD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €52.8m and a net result of €13.2m. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 493 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2025
9 d early
2024
1 d early
2024
5 d late
2023
28 d early
2023
29 d early
2022
31 d early
← 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 14 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by equity in Hainaut, Auxiliary financial services sector#2 company by total assets in Hainaut, Auxiliary financial services sector#4 employer in Hainaut, Auxiliary financial services sector
Equity
€52.8m▲ 0.1%
2023 · €52.8m
Net result
€13.2m▲ 51.0%
2023 · €8.8m
Total assets
€69.2m▲ 8.4%
2023 · €63.9m
Solvency
76.3%▼ 6.3pp
2023 · 82.6%
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
Line20202021202220232025
Turnover€6.8m▼ 0.7%€6.6m▼ 3.2%€6.6m▲ 0.3%€6.8m▲ 2.8%€6.6m-
Operating result€4.1m▲ 4.5%€6.7m▲ 63.0%€8.6m▲ 29.1%€8.4m▼ 2.0%€7.7m-
Net result€24.1m▲ 279%€24.6m▲ 1.8%€9.6m▼ 60.8%€8.8m▼ 8.9%€13.2m-
Equity€38.1m▼ 2.2%€52.7m▲ 38.2%€52.8m▲ 0.2%€52.8m▼ 0.1%€52.8m-
Total assets€68.8m▼ 21.7%€67.1m▼ 2.4%€67.6m▲ 0.7%€63.9m▼ 5.6%€69.2m-
Debt€30.6m▼ 37.3%€14.5m▼ 52.8%€14.8m▲ 2.5%€11.1m▼ 25.2%€16.4m-
Working capital-€14.4m▲ 47.7%-€904,024▲ 93.7%-€686,379▲ 24.1%-€936,318▼ 36.4%-€896,125-
Solvency55.4%▲ 11.1pp78.5%▲ 23.0pp78.1%▼ 0.4pp82.6%▲ 4.5pp76.3%-
Staff (FTE)22.9▼ 5.8%25.4▲ 10.9%28.6▲ 12.6%30.2▲ 5.6%31.5-
Why a figure moved sharply
- 2022 Net result -61% on 2021. Cause not known from the registers.
- 2020 Net result +279% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result is €7.7m in 2025, compared with €8.4m in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €69.2m
Fixed assets
€53.8m =
Current assets
€15.4m ▲ 52.6%
Equity and liabilities €69.2m
Equity
€52.8m ▲ 0.1%
Provisions
€1,960 ▼ 55.4%
Debt
€16.4m ▲ 47.7%
Debt's share of the balance-sheet total rises from 17.4% to 23.7%. Equity and debt are higher.
Key figures and ratios
ROE
25.1%▲
2023 · 16.6%
ROA
19.1%▲
2023 · 13.7%
Debt ≤ 1 year
€16.3m▲
2023 · €11.1m
Income taxes
€2.0m▼
2023 · €2.2m
Staff costs
€3.4m▲
2023 · €3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €8.3m | €10.8m | €13.3m | €13.6m | €13.1m | - |
| Turnover70 | €6.8m | €6.6m | €6.6m | €6.8m | €6.6m | - |
| Other operating income74 | €1.5m | €4.1m | €6.6m | €6.7m | €6.5m | - |
| Non-recurring operating income76A | €45,801 | €78,554 | €33,781 | €123,562 | €86,850 | - |
| Operating charges60/66A | €4.2m | €4.1m | €4.7m | €5.2m | €5.4m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €31,904 | - |
| Purchases600/8 | - | - | - | - | €31,904 | - |
| Services and other goods61 | €1.3m | €1.3m | €1.5m | €1.7m | €1.6m | - |
| Remuneration, social security and pensions62 | €2.4m | €2.3m | €2.7m | €3.0m | €3.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €514,353 | €454,734 | €447,363 | €426,041 | €415,133 | - |
| Other operating charges640/8 | €11,860 | €27,303 | €18,904 | €22,659 | €27,485 | - |
| Non-recurring operating charges66A | €2,633 | €1,598 | €10,837 | €7,027 | €8,658 | - |
| Operating profit (loss)9901 | €4.1m | €6.7m | €8.6m | €8.4m | €7.7m | - |
| Financial income75/76B | - | - | €3.3m | €2.5m | €7.6m | - |
| Recurring financial income75 | €21.4m | €19.7m | €3.3m | €2.5m | €7.6m | - |
| Income from financial fixed assets750 | €21.3m | €19.6m | €3.3m | €2.5m | €7.4m | - |
| Income from current assets751 | €109,735 | €57,421 | €33,781 | €35,094 | €220,807 | - |
| Financial charges65/66B | €77,341 | €30,410 | €31,146 | €21,555 | €42,543 | - |
| Recurring financial charges65 | €77,341 | €30,410 | €31,146 | €21,555 | €42,543 | - |
| Debt charges650 | €76,088 | €24,028 | €22,276 | €21,278 | €41,888 | - |
| Other financial charges652/9 | €1,253 | €6,382 | €8,870 | €278 | €655 | - |
| Profit (loss) for the period before taxes9903 | €25.4m | €26.3m | €11.9m | €10.9m | €15.3m | - |
| Transfer from deferred taxes780 | €2,070 | €2,320 | €1,663 | €1,097 | €1,458 | - |
| Income taxes67/77 | €1.3m | €1.7m | €2.2m | €2.2m | €2.0m | - |
| Taxes670/3 | €1.3m | €1.7m | €2.2m | €2.2m | €2.0m | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €24.1m | €24.6m | €9.6m | €8.8m | €13.2m | - |
| Transfer from tax-exempt reserves789 | €514,120 | €6,959 | €4,990 | €3,292 | €4,373 | - |
| Profit (loss) for the period to be appropriated9905 | €24.6m | €24.6m | €9.6m | €8.8m | €13.2m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68.8m | €67.1m | €67.6m | €63.9m | €69.2m | - |
| Fixed assets21/28 | €52.6m | €53.6m | €53.5m | €53.8m | €53.8m | - |
| Tangible fixed assets22/27 | €1.6m | €1.7m | €1.5m | €1.7m | €1.3m | - |
| Land and buildings22 | €1.3m | €1.0m | €902,078 | €861,646 | €746,072 | - |
| Plant, machinery and equipment23 | - | - | - | €1,458 | €2,925 | - |
| Furniture and vehicles24 | €281,324 | €687,890 | €611,684 | €872,642 | €503,845 | - |
| Assets under construction and advance payments27 | - | - | €10,550 | - | - | - |
| Financial fixed assets28 | €51.0m | €51.9m | €52.0m | €52.0m | €52.5m | - |
| Affiliated companies280/1 | €51.0m | €51.9m | €51.9m | €51.9m | €52.4m | - |
| Participating interests280 | €51.0m | €51.9m | €51.9m | €51.9m | €52.4m | - |
| Other financial fixed assets284/8 | €47,252 | €149 | €139,512 | €155,388 | €163,993 | - |
| Amounts receivable and cash guarantees285/8 | €47,252 | €149 | €139,512 | €155,388 | €163,993 | - |
| Current assets29/58 | €16.2m | €13.5m | €14.1m | €10.1m | €15.4m | - |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €7.5m | €4.4m | €13.0m | €7.9m | €15.1m | - |
| Trade receivables40 | €505,196 | €1.4m | €6.9m | €5.4m | €7.3m | - |
| Other amounts receivable41 | €7.0m | €3.0m | €6.0m | €2.5m | €7.8m | - |
| Current investments50/53 | - | - | - | €1.8m | €0 | - |
| Other investments51/53 | - | - | - | €1.8m | €0 | - |
| Cash at bank and in hand54/58 | €8.7m | €9.1m | €1.0m | €293,031 | €207,277 | - |
| Deferred charges and accrued income490/1 | €86,677 | €92,765 | €99,861 | €107,213 | €145,511 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68.8m | €67.1m | €67.6m | €63.9m | €69.2m | - |
| Equity10/15 | €38.1m | €52.7m | €52.8m | €52.8m | €52.8m | - |
| Contributions10/11 | €19.1m | €19.1m | €19.1m | €19.1m | €19.1m | - |
| Capital10 | €19.1m | €19.1m | €19.1m | €19.1m | €19.1m | - |
| Issued capital100 | €19.1m | €19.1m | €19.1m | €19.1m | €19.1m | - |
| Reserves13 | €19.0m | €24.5m | €24.5m | €24.5m | €24.5m | - |
| Non-distributable reserves130/1 | - | €1.9m | €1.9m | €1.9m | €1.9m | - |
| Legal reserve130 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | - |
| Tax-exempt reserves132 | €28,410 | €21,452 | €16,462 | €13,169 | €5,880 | - |
| Distributable reserves133 | €17.1m | €22.6m | €22.6m | €22.6m | €22.6m | - |
| Profit (loss) carried forward14 | €25,091 | €9.0m | €9.2m | €9.1m | €9.2m | - |
| Provisions and deferred taxes16 | €9,470 | €7,150 | €5,487 | €4,390 | €1,960 | - |
| Deferred taxes168 | €9,470 | €7,150 | €5,487 | €4,390 | €1,960 | - |
| Amounts payable17/49 | €30.6m | €14.5m | €14.8m | €11.1m | €16.4m | - |
| Amounts payable within one year42/48 | €30.6m | €14.4m | €14.8m | €11.1m | €16.3m | - |
| Current portion of amounts payable after more than one year42 | €200,000 | - | - | - | - | - |
| Financial debts43 | €2.8m | €1.4m | €1.5m | €522,054 | €1.3m | - |
| Credit institutions430/8 | €2.8m | €1.4m | €1.5m | €522,054 | €1.3m | - |
| Trade debts44 | €36,954 | €274,991 | €84,421 | €114,740 | €245,661 | - |
| Suppliers440/4 | €36,954 | €274,991 | €84,421 | €114,740 | €245,661 | - |
| Taxes, remuneration and social security45 | €644,032 | €1.1m | €2.0m | €1.6m | €1.8m | - |
| Taxes450/3 | €153,124 | €560,162 | €1.3m | €878,944 | €948,544 | - |
| Remuneration and social security454/9 | €490,908 | €515,757 | €774,368 | €737,080 | €849,634 | - |
| Other amounts payable47/48 | €27.0m | €11.7m | €11.2m | €8.8m | €13.0m | - |
| Accrued charges and deferred income492/3 | €3,834 | €5,761 | €27,442 | €37,482 | €44,381 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24.1m | €24.6m | €9.6m | €8.8m | €13.2m | - |
| + Depreciation and write-downs630 | €514,353 | €454,734 | €447,363 | €426,041 | €415,133 | - |
| Operating cash flow (approximation) | €24.6m | €25.0m | €10.1m | €9.2m | €13.7m | - |
| Investment in fixed assets (approximation) | - | -€1.5m | -€377,850 | -€653,352 | - | - |
| Change in cash | - | €405,010 | -€8.0m | -€754,528 | - | - |
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
17-09
State Gazette act
Reappointment: SRL André Marbaix (statutory auditor)2 facts ▸
State Gazette act
Reappointment: SRL André Marbaix (statutory auditor)
2 facts ▸
- General meeting, 23-12-2025
- Auditor reappointment, SRL André Marbaix (statutory auditor)
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Highest result since 2019net €24.6m ▲1.8%
Net result €24.6m, the highest in the series.
30-06
Financial
Equity above €50mEq €52.7m ▲38.2%
3 profitable years in a row build equity to €52.7m.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
SRL André Marbaix
CurrentStatutory auditor · since 17-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1995
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.
Place de St Symphorien 27030 Mons1 establishment unit
BRABHOLD
since 19952.071.439.354
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| SRL André Marbaix |
|
Structure & network
Part of the group
FRERINI
5 companies
Group, risk and exposure
Owners and holdings
3 owners · 6 holdings · 5 subsidiaries in the treeChain of control
- FRERINI
- BRABHOLD
Highest known parent: FRERINI. The sources do not say who stands above it.
Owners 3
- FRERINIparent75%
-
15%
-
10%
Holdings 6
- HBRENIMMOFRsubsidiarySourceown accounts 30-06-2025100%
- MEAT FOR YOUsubsidiaryEquity €6.1mResult €3.6m100%
- QUALITY MEAT RENMANSsubsidiaryEquity €20.3mResult €6.8m98%
- SOFIBRABsubsidiarySourceLEI registerconsolidated
-
0.12%
-
0.03%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- HBRENIMMOFR 100%
- MEAT FOR YOU 100%
QUALITY MEAT RENMANS 98%1 subsidiary
- FINVIANDELU 98.07%
- SOFIBRAB consolidated
According to the annual accounts to 30-06-2025 of BRABHOLD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300477CXVNNZLMU80
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Identification & contact
Identification
Legal formPublic limited company
Founded16-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454777372
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.