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Braive - Instruments

Active
Public limited companyfounded 197451 yrs activeRue de Visé 529, 4020 Liège, BelgiumKBO/BCE: BE 0414.698.853
Summary

Braive - Instruments has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,631 and a net result of -€1,308. Equity is shrinking by ~15.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 72% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency96▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
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Signals

Six 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 51 years 0 60 y
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 2025
Solvency, return and age of the figures
Solvency
71.3%
Return on assets
-20.2%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
28 d late
2024
17 d late
2023
22 d late
2022
24 d late
2021
59 d late
2020
61 d late
2019
26 d late
← 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 34 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 December 1974, Braive - Instruments was incorporated.1 Total assets went from EUR 303,893 in 2018 to EUR 6,491 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€4,631▼ 22.0%
2024 · €5,939
Total assets
€6,491▼ 9.7%
2024 · €7,188
Net result
-€1,308▲ 32.4%
2024 · -€1,934
Working capital
€4,631▼ 22.0%
2024 · €5,939
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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-€1,097▼ 22.6%-€5,914▼ 439%-€249,478▼ 4,118%-€1,896▲ 99.2%-€1,270▲ 33.0%
Net result-€1,149within the sector's middle half▼ 23.3%-€6,692below the sector's middle half▼ 482%-€249,531below the sector's middle half▼ 3,629%-€1,934within the sector's middle half▲ 99.2%-€1,308within the sector's middle half▲ 32.4%
Equity€264,096above the sector's middle half▼ 0.4%€257,405above the sector's middle half▼ 2.5%€7,873below the sector's middle half▼ 96.9%€5,939below the sector's middle half▼ 24.6%€4,631below the sector's middle half▼ 22.0%
Total assets€304,594within the sector's middle half▲ 0.2%€277,010within the sector's middle half▼ 9.1%€9,627below the sector's middle half▼ 96.5%€7,188below the sector's middle half▼ 25.3%€6,491below the sector's middle half▼ 9.7%
Debt€40,498▲ 4.7%€19,605▼ 51.6%€1,753▼ 91.1%€1,249▼ 28.8%€1,860▲ 48.9%
Working capital€260,270above the sector's middle half▼ 0.4%€253,579above the sector's middle half▼ 2.6%€7,873within the sector's middle half▼ 96.9%€5,939within the sector's middle half▼ 24.6%€4,631below the sector's middle half▼ 22.0%
Solvency86.7%above the sector's middle half▼ 0.6pp92.9%above the sector's middle half▲ 6.2pp81.8%above the sector's middle half▼ 11.1pp82.6%above the sector's middle half▲ 0.8pp71.3%within the sector's middle half▼ 11.3pp
Current ratio7.43above the sector's middle half▼ 0.3313.93above the sector's middle half▲ 6.515.49above the sector's middle half▼ 8.445.75above the sector's middle half▲ 0.263.49above the sector's middle half▼ 2.27
Return on assets (ROA)-0.4%within the sector's middle half▼ 0.1pp-2.4%within the sector's middle half▼ 2.0pp-26.9%below the sector's middle half-20.2%below the sector's middle half▲ 6.8pp
above within below the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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
-€300,000-€200,000-€100,000€0Operating result 2021: -€1,097-€1,097Net result 2021: -€1,149-€1,149Operating result 2022: -€5,914-€5,914Net result 2022: -€6,692-€6,692Operating result 2023: -€249,478-€249,478Net result 2023: -€249,531-€249,531Operating result 2024: -€1,896-€1,896Net result 2024: -€1,934-€1,934Operating result 2025: -€1,270-€1,270Net result 2025: -€1,308-€1,30820212022202320242025-€300,000-€200,000-€100,000€0Operating result 2023: -€249,478-€249,000Net result 2023: -€249,531-€250,000Operating result 2024: -€1,896-€1,900Net result 2024: -€1,934-€1,930Operating result 2025: -€1,270-€1,270Net result 2025: -€1,308-€1,310202320242025
The operating result stays negative: a loss of €1,270 in 2025 against €1,896 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6,491
Equity €4,631 ▼ 22.0%
Debt €1,860 ▲ 48.9%
Debt's share of the balance-sheet total rises from 17.4% to 28.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.40▲
2024 · 0.21
ROE
-28.3%▲
2024 · -32.6%
Debt ≤ 1 year
€1,860▲
2024 · €1,249
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.5% went bankrupt
13% stopped otherwise
84% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 5,836 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€7,188€6,491▼
Current assets29/58€7,188€6,491▼
Amounts receivable within one year40/41€484€484=
Other amounts receivable41€484€484=
Cash at bank and in hand54/58€6,704€6,007▼
Equity and liabilities
Total equity and liabilities10/49€7,188€6,491▼
Equity10/15€5,939€4,631▼
Contributions10/11€842,838€842,838=
Capital10€842,838€842,838=
Issued capital100€842,838€842,838=
Reserves13€73,363€73,363=
Non-distributable reserves130/1€5,890€5,890=
Legal reserve130€5,890€5,890=
Distributable reserves133€67,473€67,473=
Profit (loss) carried forward14-€910,262-€911,570▼
Amounts payable17/49€1,249€1,860▲
Amounts payable within one year42/48€1,249€1,860▲
Trade debts44€149€780▲
Suppliers440/4€149€780▲
Other amounts payable47/48€1,100€1,080▼
Income statement Code20242025
Other operating charges640/8€220€220=
Gross operating margin9900-€1,676-€1,050▲
Operating profit (loss)9901-€1,896-€1,270▲
Financial charges65/66B€38€38=
Recurring financial charges65€38€38=
Profit (loss) for the period before taxes9903-€1,934-€1,308▲
Profit (loss) for the period9904-€1,934-€1,308▲
Profit (loss) for the period to be appropriated9905-€1,934-€1,308▲
Appropriation of the result
Profit (loss) to be appropriated9906-€910,262-€911,570▼
Profit (loss) brought forward from the previous period14P-€908,327-€910,262▼
Line20212022202320242025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€67,459---
Other operating charges640/8€220-€220€220€220=
Non-recurring operating charges66A--€316,000---
Gross operating margin9900-€877-€5,914-€717-€1,676-€1,050▲ 37.3%
Operating profit (loss)9901-€1,097-€5,914-€249,478-€1,896-€1,270▲ 33.0%
Financial charges65/66B€52€38€53€38€38=
Recurring financial charges65€52€38€53€38€38=
Profit (loss) for the period before taxes9903-€1,149-€5,952-€249,531-€1,934-€1,308▲ 32.4%
Income taxes67/77-€739----
Profit (loss) for the period9904-€1,149-€6,692-€249,531-€1,934-€1,308▲ 32.4%
Profit (loss) for the period to be appropriated9905-€1,149-€6,692-€249,531-€1,934-€1,308▲ 32.4%
Line20212022202320242025Change
Assets
Total assets20/58€304,594€277,010€9,627€7,188€6,491▼ 9.7%
Fixed assets21/28€3,826€3,826----
Financial fixed assets28€3,826€3,826----
Current assets29/58€300,768€273,184€9,627€7,188€6,491▼ 9.7%
Stocks and contracts in progress3€47,681€47,681----
Stocks30/36€47,681€47,681----
Amounts receivable within one year40/41€252,176€214,837€484€484€484=
Trade receivables40€213,516€213,516----
Other amounts receivable41€38,660€1,322€484€484€484=
Cash at bank and in hand54/58€911€10,665€9,143€6,704€6,007▼ 10.4%
Equity and liabilities
Total equity and liabilities10/49€304,594€277,010€9,627€7,188€6,491▼ 9.7%
Equity10/15€264,096€257,405€7,873€5,939€4,631▼ 22.0%
Contributions10/11€842,838€842,838€842,838€842,838€842,838=
Capital10€842,838€842,838€842,838€842,838€842,838=
Issued capital100€842,838€842,838€842,838€842,838€842,838=
Reserves13€73,363€73,363€73,363€73,363€73,363=
Non-distributable reserves130/1€5,890€5,890€5,890€5,890€5,890=
Legal reserve130€5,890€5,890€5,890€5,890€5,890=
Distributable reserves133€67,473€67,473€67,473€67,473€67,473=
Profit (loss) carried forward14-€652,104-€658,796-€908,327-€910,262-€911,570▼ 0.1%
Amounts payable17/49€40,498€19,605€1,753€1,249€1,860▲ 48.9%
Amounts payable within one year42/48€40,498€19,605€1,753€1,249€1,860▲ 48.9%
Trade debts44€18,241€18,505€653€149€780▲ 423%
Suppliers440/4€18,241€18,505€653€149€780▲ 423%
Other amounts payable47/48€22,256€1,100€1,100€1,100€1,080▼ 1.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,149-€6,692-€249,531-€1,934-€1,308▲ 32.4%
Operating cash flow (approximation)-€1,149-€6,692-€249,531-€1,934-€1,308▲ 32.4%
Investment in fixed assets (approximation)-€0----
Change in cash-€9,754-€1,523-€2,438-€697▲ 71.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
17-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
2024
22-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial Weakest financial yearnet -€249,531
Net result drops to -€249,531, the lowest in the series; recovery starts the following year.
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
28-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
26-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
23-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are 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, Liège · 1 establishment unit since 1975
seat establishment The establishment unit on the map
Ground area
1,740 m²
Building footprint
210 m²
Volume, LiDAR
1,949 m³
2 parcels, Wallonia · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BRAIVE INST
Rue Vallée 13, 4681 OupeyeRepair, maintenance and installation of machinery and equipment
since 19752.102.160.739
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62113B0395/00R000 Wallonia 1,248 m² 1 · 210 m² 14.4 m · 3 fl.
62049A0779/00K002 Wallonia 492 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 213 companies in sector 26510 we hold annual accounts for 166. 14 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded13-12-1974
Fiscal year end31-12
Activities, NACEBEL 2025
26510Manufacture of computer, electronic and optical products
46649Wholesale of other machinery and equipment
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.