BRACMA
ActiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
BRACMA has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215,690 and a net result of -€6,151. Equity is growing by about 8.3% per year across the filed financial years. Its solvency ranks better than 67% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 02-05-2013 Normal situation
- Legal form
- Private limited company
- Registered office
- Heidebroek 7, 1652 Beersel
- Activity
- Computer consultancy and computer facilities management NACE 62200and 1 other
- Establishment unit
- 2.219.057.716 1652 Beersel, since 01-05-2013
- Financial year end
- 30 June
- Peppol
- Reachable since 07-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€5,807
- Loss
- €6,151
- Equity
- €215,690
- ▼ 14.8%
- Total assets
- €291,005
- ▼ 14.8%
Why 79raises risk1 change of registered office in 24 monthsLiquidity: current ratio 5.30, cash €4,017, halvedLoss of €6,151 (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 68% on solvency, 24% on liquidity, 14% on profitability and 27% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 30-12-2025
- Format
- micro format
- Reference
- 2026-00002709
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €10,063 after €72,636 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,908 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.9% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,908 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,300 | €1,070 | €657 | €22 | - | €1,472 | €3,487 | ▲ 137% |
| Other operating charges640/8 | - | - | - | €1,001 | €736 | €845 | €770 | ▼ 8.9% |
| Gross operating margin9900 | €59,880 | €67,416 | €73,573 | €71,635 | €36,041 | €74,953 | -€5,807 | - |
| Operating profit (loss)9901 | €47,993 | €65,789 | €72,011 | €70,612 | €35,304 | €72,636 | -€10,063 | - |
| Financial income75/76B | - | - | - | €7,774 | €5,330 | €7,391 | €10,158 | ▲ 37.4% |
| Recurring financial income75 | €541 | €2,528 | €4,488 | €7,774 | €5,330 | €7,391 | €10,158 | ▲ 37.4% |
| Financial charges65/66B | - | - | - | €4,562 | €5,239 | €9,487 | €5,998 | ▼ 36.8% |
| Recurring financial charges65 | €3,017 | €5,596 | €2,682 | €4,562 | €5,239 | €9,487 | €5,998 | ▼ 36.8% |
| Profit (loss) for the period before taxes9903 | €45,516 | €62,721 | €73,818 | €73,824 | €35,395 | €70,540 | -€5,903 | - |
| Income taxes67/77 | €14,092 | €18,870 | €20,942 | €21,650 | €11,281 | €21,714 | €248 | ▼ 98.9% |
| Profit (loss) for the period9904 | €31,425 | €43,851 | €52,876 | €52,173 | €24,115 | €48,826 | -€6,151 | - |
| Profit (loss) for the period to be appropriated9905 | €31,425 | €43,851 | €52,876 | €52,173 | €24,115 | €48,826 | -€6,151 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €251,334 | €275,144 | €316,853 | €353,506 | €286,059 | €341,618 | €291,005 | ▼ 14.8% |
| Fixed assets21/28 | €140,577 | €139,507 | €141,350 | €142,408 | €102,500 | €73,556 | €86,420 | ▲ 17.5% |
| Tangible fixed assets22/27 | €140,577 | €139,507 | €141,350 | €142,408 | €102,500 | €73,556 | €86,420 | ▲ 17.5% |
| Land and buildings22 | - | - | - | €139,908 | €100,000 | €71,056 | €83,920 | ▲ 18.1% |
| Furniture and vehicles24 | - | - | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €110,757 | €135,637 | €175,503 | €211,098 | €183,559 | €268,062 | €204,585 | ▼ 23.7% |
| Amounts receivable after more than one year29 | - | - | - | €23,433 | €20,900 | €18,367 | €15,833 | ▼ 13.8% |
| Other amounts receivable291 | - | - | - | €23,433 | €20,900 | €18,367 | €15,833 | ▼ 13.8% |
| Amounts receivable within one year40/41 | €33,842 | €36,885 | €31,755 | €36,600 | €40,104 | €58,298 | €161,587 | ▲ 177% |
| Trade receivables40 | - | - | - | €34,067 | €35,144 | €14,974 | €17,010 | ▲ 13.6% |
| Other amounts receivable41 | - | - | - | €2,533 | €4,960 | €43,324 | €144,577 | ▲ 234% |
| Current investments50/53 | - | €20,385 | €33,356 | €47,956 | €49,518 | €29,331 | €21,458 | ▼ 26.8% |
| Cash at bank and in hand54/58 | €44,324 | €48,119 | €83,193 | €102,055 | €71,055 | €160,941 | €4,017 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,054 | €1,983 | €1,125 | €1,689 | ▲ 50.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €251,334 | €275,144 | €316,853 | €353,506 | €286,059 | €341,618 | €291,005 | ▼ 14.8% |
| Equity10/15 | €125,886 | €169,737 | €222,613 | €274,787 | €225,447 | €253,265 | €215,690 | ▼ 14.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - | - | - | - |
| Reserves13 | €119,686 | €163,537 | €216,413 | €268,587 | €225,447 | €253,265 | €221,841 | ▼ 12.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €266,727 | €225,447 | €253,265 | €221,841 | ▼ 12.4% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€6,151 | - |
| Amounts payable17/49 | €125,447 | €105,407 | €94,240 | €78,719 | €60,612 | €88,352 | €75,315 | ▼ 14.8% |
| Amounts payable after more than one year17 | €74,041 | €53,960 | €33,965 | €16,299 | €7,492 | €38,877 | €36,702 | ▼ 5.6% |
| Financial debts170/4 | - | - | - | €16,299 | €7,492 | €38,877 | €36,702 | ▼ 5.6% |
| Amounts payable within one year42/48 | €51,406 | €51,447 | €60,275 | €62,420 | €53,120 | €49,475 | €38,613 | ▼ 22.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,666 | €5,867 | €2,077 | €2,503 | ▲ 20.5% |
| Financial debts43 | - | - | - | €8,000 | - | - | - | - |
| Other loans439 | - | - | - | €8,000 | - | - | - | - |
| Trade debts44 | €13,371 | €15,769 | €18,836 | €23,376 | €24,279 | €26,659 | €30,176 | ▲ 13.2% |
| Suppliers440/4 | - | - | - | €23,376 | €24,279 | €26,659 | €30,176 | ▲ 13.2% |
| Taxes, remuneration and social security45 | - | - | - | €19,677 | €20,577 | €20,739 | €5,935 | ▼ 71.4% |
| Taxes450/3 | - | - | - | €19,677 | €20,577 | €20,739 | €5,935 | ▼ 71.4% |
| Other amounts payable47/48 | - | - | - | €1,701 | €2,396 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,425 | €43,851 | €52,876 | €52,173 | €24,115 | €48,826 | -€6,151 | - |
| + Depreciation and write-downs630 | €11,300 | €1,070 | €657 | €22 | - | €1,472 | €3,487 | ▲ 137% |
| Operating cash flow (approximation) | €42,724 | €44,921 | €53,533 | €52,196 | €24,115 | €50,297 | -€2,664 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,500 | -€1,080 | €39,908 | €27,473 | -€16,351 | - |
| Change in cash | - | €3,795 | €35,074 | €18,862 | -€31,000 | €89,887 | -€156,924 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-12-2025 | 2026-00002709 | |
| 30-06-2024 | micro format | 07-01-2025 | 2025-00000126 | |
| 30-06-2023 | micro format | 20-12-2023 | 2023-00532298 | |
| 30-06-2022 | micro format | 19-12-2022 | 2022-20539774 | |
| 30-06-2021 | micro format | 19-01-2022 | 2022-01200468 | |
| 30-06-2020 | micro format | 26-02-2021 | 2021-06900428 | |
| 30-06-2019 | micro format | 30-03-2020 | 2020-07700593 | |
| 30-06-2018 | micro format | 28-01-2019 | 2019-03600324 | |
| 30-06-2017 | micro format | 28-02-2018 | 2018-05600481 | |
| 30-06-2016 | abbreviated format | 02-02-2017 | 2017-04100315 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €240 awarded · €240 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BRACAVAL Stéphane Raphaël Jean |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed
Articles of association, deed of 19-12-2022
Owners and capital
Capital and shareholders
- 19-12-2022 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, vruchtgebruiker en blote eigenaar afzonderlijk ingeschreven met rechten”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal aandelen, aandelen waarvan overdracht wordt voorgesteld”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 19-12-2022 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-12
Gazette deed
Registered officeRegistered-office move3 facts ▸
- Board meeting, 09-11-2024
- Registered-office move, Heidebroek 7 te 1652 Alsemberg
- Other provision, “gazette annex header, Bijlagen bij het Belgisch Staatsblad” (deed in Dutch)
19-12
Gazette deed
Resignation: BRACAVAL Stéphane Raphaël Jean (manager)Appointment: BRACAVAL Stéphane Raphaël Jean (director) · Capital conversion · Amendment of the articles12 facts ▸
- General meeting, “enige aandeelhouder handelend als buitengewone algemene vergadering” (deed in Dutch)
- Other provision, “besloten vennootschap(BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “beschikbaar voor uitkering, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “Statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, BRACAVAL Stéphane Raphaël Jean (manager)
- Director appointment, BRACAVAL Stéphane Raphaël Jean (director (not named in the articles))
- Other provision, “uitoefening mandaat, kwijting ontslagnemende zaakvoerder” (deed in Dutch)
- Registered office clause, “1731 Asse (Relegem),Dorpsstraat 62” (deed in Dutch)
- Other provision, “UBO-register, toereikende,accurate en actuele informatie over uiteindelijke begunstigde(n) van in België opgerichte vennootschappen” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BRACMA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Enkel besluit bestuursorgaan, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of December at 16:00
Articles of association, deed of 19-12-2022 (in Dutch)
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23001C0129/00M000 | Flanders | 556 m² | 1 · 91 m² | 8.8 m · 2 |