BRAECIS
ActiveSummary
BRAECIS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€106,037) and a net result of €378. Equity is shrinking by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+41
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2024; short-term debt: 134.6% and cash: 1.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-34.6%
Return on assets
0.1%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
2023
11 d early
2022
3 d early
2021
2 d early
2020
on the day
2019
on the day
← 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 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€106,037▲ 0.4%
2024 · -€106,416
Total assets
€306,222▼ 0.1%
2024 · €306,572
Net result
€378
2024 · -€6,851
Working capital
-€406,930▼ 0.2%
2024 · -€406,165
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,767▲ 82.6%-€39,219▼ 723%-€8,143▲ 79.2%-€6,687▲ 17.9%€524
Net result-€5,310below the sector's middle half▲ 81.5%-€39,318below the sector's middle half▼ 640%-€8,291below the sector's middle half▲ 78.9%-€6,851below the sector's middle half▲ 17.4%€378below the sector's middle half
Equity-€51,956below the sector's middle half▼ 11.4%-€91,273below the sector's middle half▼ 75.7%-€99,564below the sector's middle half▼ 9.1%-€106,416below the sector's middle half▼ 6.9%-€106,037below the sector's middle half▲ 0.4%
Total assets€353,310within the sector's middle half▼ 1.3%€325,748within the sector's middle half▼ 7.8%€309,615within the sector's middle half▼ 5.0%€306,572within the sector's middle half▼ 1.0%€306,222within the sector's middle half▼ 0.1%
Debt€405,266▲ 0.1%€417,021▲ 2.9%€409,179▼ 1.9%€412,988▲ 0.9%€412,259▼ 0.2%
Working capital-€380,390below the sector's middle half▲ 1.0%-€392,183below the sector's middle half▼ 3.1%-€399,262below the sector's middle half▼ 1.8%-€406,165below the sector's middle half▼ 1.7%-€406,930below the sector's middle half▼ 0.2%
Solvency-14.7%below the sector's middle half▼ 1.7pp-28.0%below the sector's middle half▼ 13.3pp-32.2%below the sector's middle half▼ 4.1pp-34.7%below the sector's middle half▼ 2.6pp-34.6%below the sector's middle half▲ 0.1pp
Current ratio0.06below the sector's middle half▲ 0.010.06below the sector's middle half▼ 0.010.02below the sector's middle half▼ 0.040.02below the sector's middle half=0.01below the sector's middle half=
Return on assets (ROA)-1.5%below the sector's middle half▲ 6.5pp-12.1%below the sector's middle half▼ 10.6pp-2.7%below the sector's middle half▲ 9.4pp-2.2%below the sector's middle half▲ 0.4pp0.1%below the sector's middle half▲ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €524 after a loss of €6,687 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €306,222
Fixed assets
€300,892 ▲ 0.4%
Current assets
€5,330 ▼ 21.3%
Key figures and ratios
EBITDA
€741▲
2024 · -€5,393
Cash flow
€595▲
2024 · -€5,557
Debt to equity
-3.89▼
2024 · -3.88
Interest coverage
4.61▲
2024 · -32.80
Debt ≤ 1 year
€412,259▼
2024 · €412,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,705 | €1,117 | €1,294 | €1,294 | €217 | ▼ 83.3% |
| Other operating charges640/8 | €2,730 | €461 | €457 | €552 | €507 | ▼ 8.2% |
| Non-recurring operating charges66A | - | €28,847 | - | - | - | - |
| Gross operating margin9900 | €7,669 | -€8,795 | -€6,392 | -€4,840 | €1,248 | ▲ 126% |
| Operating profit (loss)9901 | -€4,767 | -€39,219 | -€8,143 | -€6,687 | €524 | ▲ 108% |
| Financial income75/76B | €9 | - | €0 | €0 | €15 | ▲ 3,555% |
| Recurring financial income75 | €9 | - | €0 | €0 | €15 | ▲ 3,555% |
| Financial charges65/66B | €552 | €99 | €148 | €164 | €161 | ▼ 2.1% |
| Recurring financial charges65 | €552 | €99 | €148 | €164 | €161 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | -€5,310 | -€39,318 | -€8,291 | -€6,851 | €378 | ▲ 106% |
| Income taxes67/77 | - | - | €0 | €0 | - | - |
| Profit (loss) for the period9904 | -€5,310 | -€39,318 | -€8,291 | -€6,851 | €378 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | -€5,310 | -€39,318 | -€8,291 | -€6,851 | €378 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353,310 | €325,748 | €309,615 | €306,572 | €306,222 | ▼ 0.1% |
| Fixed assets21/28 | €328,434 | €302,393 | €301,098 | €299,804 | €300,892 | ▲ 0.4% |
| Tangible fixed assets22/27 | €28,847 | €2,805 | €1,511 | €217 | - | - |
| Land and buildings22 | €28,847 | - | - | - | - | - |
| Furniture and vehicles24 | - | €2,805 | €1,511 | €217 | - | - |
| Financial fixed assets28 | €299,587 | €299,587 | €299,587 | €299,587 | €300,892 | ▲ 0.4% |
| Current assets29/58 | €24,876 | €23,355 | €8,517 | €6,768 | €5,330 | ▼ 21.3% |
| Amounts receivable within one year40/41 | €1,339 | €2,040 | €630 | €163 | €135 | ▼ 17.1% |
| Other amounts receivable41 | €1,339 | €2,040 | €630 | €163 | €135 | ▼ 17.1% |
| Current investments50/53 | €10,589 | €10,581 | - | - | - | - |
| Cash at bank and in hand54/58 | €12,428 | €10,735 | €7,887 | €6,605 | €4,149 | ▼ 37.2% |
| Deferred charges and accrued income490/1 | €520 | - | - | - | €1,046 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353,310 | €325,748 | €309,615 | €306,572 | €306,222 | ▼ 0.1% |
| Equity10/15 | -€51,956 | -€91,273 | -€99,564 | -€106,416 | -€106,037 | ▲ 0.4% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | €12,500 | €12,500 | €12,500 | - | - | - |
| Issued capital100 | €18,592 | €18,592 | €18,592 | - | - | - |
| Uncalled capital101 | €6,092 | €6,092 | €6,092 | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€66,315 | -€105,633 | -€113,924 | -€120,775 | -€120,397 | ▲ 0.3% |
| Amounts payable17/49 | €405,266 | €417,021 | €409,179 | €412,988 | €412,259 | ▼ 0.2% |
| Amounts payable within one year42/48 | €405,266 | €415,538 | €407,779 | €412,933 | €412,259 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €3,142 | - | - | - | - | - |
| Trade debts44 | €4,994 | €8,130 | €4,910 | €5,042 | €1,861 | ▼ 63.1% |
| Suppliers440/4 | €4,994 | €8,130 | €4,910 | €5,042 | €1,861 | ▼ 63.1% |
| Other amounts payable47/48 | €397,130 | €407,408 | €402,868 | €407,891 | €410,398 | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | €1,483 | €1,401 | €55 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,310 | -€39,318 | -€8,291 | -€6,851 | €378 | ▲ 106% |
| + Depreciation and write-downs630 | €9,705 | €1,117 | €1,294 | €1,294 | €217 | ▼ 83.3% |
| Operating cash flow (approximation) | €4,395 | -€38,200 | -€6,997 | -€5,557 | €595 | ▲ 111% |
| Investment in fixed assets (approximation) | - | €24,924 | €0 | €0 | -€1,305 | - |
| Change in cash | - | -€1,693 | -€2,848 | -€1,282 | -€2,456 | ▼ 91.6% |
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
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €378
Net result €378 after 7 loss-making years.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Registered office, Boechout · 1 establishment unit since 2000
Ground area
991 m²
Building footprint
162 m²
Volume, LiDAR
1,154 m³
Parcel 11004D0128/00Z002, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Dr. Theo Tutsstraat 12, 2530 Boechout
since 20002.099.370.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0128/00Z002 | Flanders | 990 m² | 1 · 162 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-12-1998
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464912288
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.