BRACKIMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 36 filings
Every figure per financial year
The operating result for 2025 is 53% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,215 | €19,922 | €21,157 | €21,162 | €21,162 | €21,157 | €17,654 | ▼ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €6,783 | €7,217 | €6,767 | €7,112 | ▲ 5.1% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - |
| Gross operating margin9900 | €8,723 | €30,204 | €32,625 | €21,194 | €11,247 | €40,966 | €44,671 | ▲ 9.0% |
| Operating profit (loss)9901 | -€28,026 | €4,297 | -€1,081 | -€6,751 | -€17,132 | €13,042 | €19,905 | ▲ 52.6% |
| Financial income75/76B | - | - | - | €1,500 | €1,501 | €1,500 | €2,357 | ▲ 57.2% |
| Recurring financial income75 | €6,047 | €9,351 | €1,500 | €1,500 | €1,501 | €1,500 | €2,357 | ▲ 57.2% |
| Financial charges65/66B | - | - | - | €356 | €78 | €78 | €87 | ▲ 11.5% |
| Recurring financial charges65 | €4,910 | €61 | €66 | €356 | €78 | €78 | €87 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€26,889 | €13,587 | €353 | -€5,607 | -€15,709 | €14,464 | €22,175 | ▲ 53.3% |
| Income taxes67/77 | €889 | €880 | €872 | €388 | €409 | €255 | €722 | ▲ 183% |
| Profit (loss) for the period9904 | -€27,779 | €12,706 | -€519 | -€5,995 | -€16,117 | €14,208 | €21,453 | ▲ 51.0% |
| Profit (loss) for the period to be appropriated9905 | -€27,779 | €12,706 | -€519 | -€5,995 | -€16,117 | €14,208 | €21,453 | ▲ 51.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €653,350 | €672,160 | €557,930 | €529,731 | €508,115 | €479,269 | €473,524 | ▼ 1.2% |
| Fixed assets21/28 | €475,184 | €466,311 | €450,554 | €429,303 | €408,141 | €386,984 | €369,330 | ▼ 4.6% |
| Tangible fixed assets22/27 | €462,594 | €453,721 | €437,964 | €416,803 | €395,641 | €374,484 | €356,830 | ▼ 4.7% |
| Land and buildings22 | - | - | - | €416,803 | €395,641 | €374,484 | €356,830 | ▼ 4.7% |
| Financial fixed assets28 | €12,590 | €12,590 | €12,590 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Current assets29/58 | €178,166 | €205,849 | €107,375 | €100,429 | €99,974 | €92,285 | €104,194 | ▲ 12.9% |
| Amounts receivable after more than one year29 | - | - | - | €50,000 | €50,000 | €50,000 | €35,000 | ▼ 30.0% |
| Other amounts receivable291 | - | - | - | €50,000 | €50,000 | €50,000 | €35,000 | ▼ 30.0% |
| Amounts receivable within one year40/41 | €69,156 | €103,830 | €6,861 | €650 | €0 | - | €180 | - |
| Trade receivables40 | - | - | - | €650 | €0 | - | €180 | - |
| Current investments50/53 | - | - | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €26,668 | €48,493 | €46,586 | €43,190 | €44,052 | €41,885 | €16,245 | ▼ 61.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,588 | €5,922 | €401 | €2,769 | ▲ 591% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €653,350 | €672,160 | €557,930 | €529,731 | €508,115 | €479,269 | €473,524 | ▼ 1.2% |
| Equity10/15 | €534,033 | €546,739 | €111,856 | €105,861 | €89,744 | €103,952 | €125,405 | ▲ 20.6% |
| Contributions10/11 | €470,308 | €470,308 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €60,277 | €60,277 | €34,721 | €34,721 | €34,721 | €34,721 | €34,721 | = |
| Non-distributable reserves130/1 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | - | €28,571 | €28,571 | €28,571 | €28,571 | = |
| Profit (loss) carried forward14 | €3,448 | €16,155 | €15,635 | €9,641 | -€6,477 | €7,731 | €29,185 | ▲ 277% |
| Amounts payable17/49 | €119,317 | €125,421 | €446,073 | €423,870 | €418,371 | €375,317 | €348,119 | ▼ 7.2% |
| Amounts payable after more than one year17 | €12,228 | €12,228 | €12,228 | €9,335 | €9,335 | €4,543 | €4,543 | = |
| Other amounts payable178/9 | - | - | - | €9,335 | €9,335 | €4,543 | €4,543 | = |
| Amounts payable within one year42/48 | €74,500 | €79,407 | €399,841 | €411,053 | €406,270 | €368,781 | €338,884 | ▼ 8.1% |
| Trade debts44 | €2,158 | €2,265 | €2,026 | €6,153 | €2,167 | €3,078 | €1,800 | ▼ 41.5% |
| Suppliers440/4 | - | - | - | €6,153 | €2,167 | €3,078 | €1,800 | ▼ 41.5% |
| Taxes, remuneration and social security45 | - | - | - | €388 | €409 | €395 | €543 | ▲ 37.4% |
| Taxes450/3 | - | - | - | €388 | €409 | €395 | €543 | ▲ 37.4% |
| Other amounts payable47/48 | - | - | - | €404,512 | €403,695 | €365,308 | €336,541 | ▼ 7.9% |
| Accrued charges and deferred income492/3 | - | - | - | €3,482 | €2,765 | €1,993 | €4,692 | ▲ 135% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,779 | €12,706 | -€519 | -€5,995 | -€16,117 | €14,208 | €21,453 | ▲ 51.0% |
| + Depreciation and write-downs630 | €29,215 | €19,922 | €21,157 | €21,162 | €21,162 | €21,157 | €17,654 | ▼ 16.6% |
| Operating cash flow (approximation) | €1,436 | €32,628 | €20,638 | €15,167 | €5,044 | €35,365 | €39,107 | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | -€11,049 | -€5,400 | €90 | €0 | €0 | €0 | - |
| Change in cash | - | €21,825 | -€1,908 | -€3,395 | €861 | -€2,167 | -€25,640 | ▼ 1,083% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as BRACKIMMO has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of BRACKIMMO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for BRACKIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 01-07-2025 | micro format | 30-01-2026 | 2026-00022781 | |
| 01-07-2024 | micro format | 31-01-2025 | 2025-00020941 | |
| 01-07-2023 | micro format | 04-01-2024 | 2024-00542967 | |
| 01-07-2022 | micro format | 30-01-2023 | 2023-00010351 | |
| 01-07-2021 | micro format | 25-02-2022 | 2022-06400338 | |
| 01-07-2020 | micro format | 01-03-2021 | 2021-06500374 | |
| 01-07-2019 | micro format | 05-02-2020 | 2020-04500006 | |
| 01-07-2018 | micro format | 15-01-2019 | 2019-01600263 | |
| 01-07-2017 | micro format | 31-01-2018 | 2018-04100324 | |
| 01-07-2016 | abbreviated format | 31-01-2017 | 2017-03600032 |