BRAFEN
ActiveSummary
BRAFEN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,403 and a net result of €46,769. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency38▼-43
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 2.26 in 2024; short-term debt: 87.2% and cash: 26.7% of total assets), and 87.2% of the assets are financed with debt.
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Signals
Four 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
24 d early
2024
8 d early
2023
23 d early
2022
22 d early
2021
25 d early
2020
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,403▼ 79.3%
2024 · €98,635
Total assets
€159,730▼ 9.0%
2024 · €175,559
Net result
€46,769▼ 6.7%
2024 · €50,109
Working capital
€19,218▼ 80.0%
2024 · €96,108
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€26,208€54,996▲ 110%€58,867▲ 7.0%€59,574▲ 1.2%€54,893▼ 7.9%
Net result€21,618within the sector's middle half€43,952within the sector's middle half▲ 103%€49,177within the sector's middle half▲ 11.9%€50,109within the sector's middle half▲ 1.9%€46,769within the sector's middle half▼ 6.7%
Equity€18,996below the sector's middle half€62,148within the sector's middle half▲ 227%€98,526within the sector's middle half▲ 58.5%€98,635within the sector's middle half▲ 0.1%€20,403below the sector's middle half▼ 79.3%
Total assets€45,819below the sector's middle half▲ 206%€102,837within the sector's middle half▲ 124%€125,683within the sector's middle half▲ 22.2%€175,559within the sector's middle half▲ 39.7%€159,730within the sector's middle half▼ 9.0%
Debt€26,823▲ 59.6%€40,689▲ 51.7%€27,157▼ 33.3%€76,924▲ 183%€139,327▲ 81.1%
Working capital€13,281€58,237▲ 338%€92,850▲ 59.4%€96,108▲ 3.5%€19,218▼ 80.0%
Solvency41.5%within the sector's middle half▲ 53.6pp60.4%within the sector's middle half▲ 19.0pp78.4%above the sector's middle half▲ 18.0pp56.2%within the sector's middle half▼ 22.2pp12.8%below the sector's middle half▼ 43.4pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159,730
Fixed assets
€1,185 ▼ 65.2%
Current assets
€158,546 ▼ 7.9%
Equity and liabilities €159,730
Equity
€20,403 ▼ 79.3%
Debt
€139,327 ▲ 81.1%
Debt's share of the balance-sheet total rises from 43.8% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57,112▼
2024 · €63,366
Cash flow
€48,988▼
2024 · €53,900
Current ratio
1.14▼
2024 · 2.26
Debt to equity
6.83▲
2024 · 0.78
ROE
229.2%▲
2024 · 50.8%
ROA
29.3%▲
2024 · 28.5%
Interest coverage
97.59▲
2024 · 68.25
Debt ≤ 1 year
€139,327▲
2024 · €76,047
Income taxes
€12,539▼
2024 · €13,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,703 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,446 | €2,759 | €2,745 | €3,791 | €2,219 | ▼ 41.5% |
| Other operating charges640/8 | - | €1,090 | €1,972 | €1,423 | €976 | ▼ 31.4% |
| Gross operating margin9900 | €29,293 | €58,844 | €63,584 | €64,789 | €58,087 | ▼ 10.3% |
| Operating profit (loss)9901 | €26,208 | €54,996 | €58,867 | €59,574 | €54,893 | ▼ 7.9% |
| Financial income75/76B | - | €1,480 | €5,000 | €5,000 | €5,000 | = |
| Recurring financial income75 | €9 | €1,480 | €5,000 | €5,000 | €5,000 | = |
| Financial charges65/66B | - | €756 | €875 | €928 | €585 | ▼ 37.0% |
| Recurring financial charges65 | €466 | €756 | €875 | €928 | €585 | ▼ 37.0% |
| Profit (loss) for the period before taxes9903 | €25,751 | €55,719 | €62,992 | €63,646 | €59,307 | ▼ 6.8% |
| Income taxes67/77 | €4,133 | €11,767 | €13,815 | €13,537 | €12,539 | ▼ 7.4% |
| Profit (loss) for the period9904 | €21,618 | €43,952 | €49,177 | €50,109 | €46,769 | ▼ 6.7% |
| Profit (loss) for the period to be appropriated9905 | €21,618 | €43,952 | €49,177 | €50,109 | €46,769 | ▼ 6.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,819 | €102,837 | €125,683 | €175,559 | €159,730 | ▼ 9.0% |
| Fixed assets21/28 | €5,998 | €4,442 | €6,104 | €3,404 | €1,185 | ▼ 65.2% |
| Tangible fixed assets22/27 | €5,998 | €4,442 | €6,104 | €3,404 | €1,185 | ▼ 65.2% |
| Plant, machinery and equipment23 | - | €1,697 | €1,216 | €734 | €333 | ▼ 54.6% |
| Furniture and vehicles24 | - | €2,745 | €4,889 | €2,669 | €851 | ▼ 68.1% |
| Current assets29/58 | €39,821 | €98,395 | €119,579 | €172,155 | €158,546 | ▼ 7.9% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €9,316 | €22,082 | €24,761 | €21,826 | €53,684 | ▲ 146% |
| Trade receivables40 | - | €22,082 | €24,761 | €21,826 | €53,179 | ▲ 144% |
| Other amounts receivable41 | - | - | - | - | €505 | - |
| Cash at bank and in hand54/58 | €30,505 | €24,145 | €42,794 | €93,316 | €42,680 | ▼ 54.3% |
| Deferred charges and accrued income490/1 | - | €2,169 | €2,024 | €7,013 | €12,182 | ▲ 73.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,819 | €102,837 | €125,683 | €175,559 | €159,730 | ▼ 9.0% |
| Equity10/15 | €18,996 | €62,148 | €98,526 | €98,635 | €20,403 | ▼ 79.3% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | €55,000 | €93,000 | €93,000 | €17,000 | ▼ 81.7% |
| Distributable reserves133 | - | €55,000 | €93,000 | €93,000 | €17,000 | ▼ 81.7% |
| Profit (loss) carried forward14 | €15,996 | €4,148 | €2,526 | €2,635 | €403 | ▼ 84.7% |
| Amounts payable17/49 | €26,823 | €40,689 | €27,157 | €76,924 | €139,327 | ▲ 81.1% |
| Amounts payable after more than one year17 | €283 | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,540 | €40,158 | €26,728 | €76,047 | €139,327 | ▲ 83.2% |
| Current portion of amounts payable after more than one year42 | - | €283 | - | - | - | - |
| Financial debts43 | - | - | €10,158 | €7,364 | €4,214 | ▼ 42.8% |
| Credit institutions430/8 | - | - | €10,158 | €7,364 | €4,214 | ▼ 42.8% |
| Trade debts44 | €696 | €3,109 | €875 | €2,367 | €770 | ▼ 67.5% |
| Suppliers440/4 | - | €3,109 | €875 | €2,367 | €770 | ▼ 67.5% |
| Taxes, remuneration and social security45 | - | €20,549 | €9,157 | €8,256 | €9,343 | ▲ 13.2% |
| Taxes450/3 | - | €20,549 | €9,157 | €8,256 | €9,343 | ▲ 13.2% |
| Other amounts payable47/48 | - | €16,217 | €6,538 | €58,061 | €125,000 | ▲ 115% |
| Accrued charges and deferred income492/3 | - | €530 | €429 | €877 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,618 | €43,952 | €49,177 | €50,109 | €46,769 | ▼ 6.7% |
| + Depreciation and write-downs630 | €2,446 | €2,759 | €2,745 | €3,791 | €2,219 | ▼ 41.5% |
| Operating cash flow (approximation) | €24,064 | €46,711 | €51,922 | €53,900 | €48,988 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€1,202 | -€4,408 | -€1,091 | €0 | ▲ 100% |
| Change in cash | - | -€6,360 | €18,649 | €50,522 | -€50,636 | ▼ 200% |
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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2020net €50,109 ▲1.9%
Operating result €59,574, net result €50,109, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €21,618
Net result €21,618 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 1.50
Current ratio from 0.56 to 1.50.
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Mortsel · 1 establishment unit since 2019
Ground area
224 m²
Building footprint
109 m²
Volume, LiDAR
1,305 m³
Parcel 11513C0114/00E002, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
BRAFEN
since 20192.290.878.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0114/00E002 | Flanders | 224 m² | 1 · 109 m² | 13.8 m · 4 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 30,741 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
46649Wholesale of other machinery and equipment
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729707244
Also
9925:BE0729707244
Registered
09-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.