Branderij
ActiveSummary
Branderij has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,922) and a net result of €4,001. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 1673 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency25▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.55 in 2024; short-term debt: 83.6% and cash: 3.6% of total assets), and equity is negative.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1673 sector peers (2025).
NBB · sector comparisonPosition among 1673 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
8 d early
2023
14 d early
2022
18 d early
2021
16 d late
2020
23 d early
2019
22 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 22 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 employer in Wevelgem, Professional and technical services sector#7 oldest company in Wevelgem, Professional and technical services sector
Equity
-€2,922▲ 57.8%
2024 · -€6,923
Total assets
€1.5m▲ 37.5%
2024 · €1.1m
Net result
€4,001
2024 · -€14,781
Working capital
-€513,848▼ 35.3%
2024 · -€379,859
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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€7,624-€49,576-€14,843▲ 70.1%-€11,866▲ 20.1%€5,447
Net result€7,736within the sector's middle half▼ 98.8%-€51,720below the sector's middle half-€20,253below the sector's middle half▲ 60.8%-€14,781below the sector's middle half▲ 27.0%€4,001within the sector's middle half
Equity€79,831within the sector's middle half▲ 10.7%€28,111below the sector's middle half▼ 64.8%€7,858below the sector's middle half▼ 72.0%-€6,923below the sector's middle half-€2,922below the sector's middle half▲ 57.8%
Total assets€283,705within the sector's middle half▲ 292%€587,919within the sector's middle half▲ 107%€924,984within the sector's middle half▲ 57.3%€1.1mwithin the sector's middle half▲ 18.4%€1.5mabove the sector's middle half▲ 37.5%
Debt€203,874▲ 64,252%€559,808▲ 175%€917,126▲ 63.8%€1.1m▲ 20.2%€1.5m▲ 36.9%
Working capital€67,518within the sector's middle half▼ 6.3%€53,183within the sector's middle half▼ 21.2%-€220,813below the sector's middle half-€379,859below the sector's middle half▼ 72.0%-€513,848below the sector's middle half▼ 35.3%
Solvency28.1%within the sector's middle half▼ 71.4pp4.8%below the sector's middle half▼ 23.4pp0.8%below the sector's middle half▼ 3.9pp-0.6%below the sector's middle half▼ 1.5pp-0.2%below the sector's middle half▲ 0.4pp
Current ratio1.33within the sector's middle half1.18within the sector's middle half▼ 0.150.66below the sector's middle half▼ 0.520.55below the sector's middle half▼ 0.110.59below the sector's middle half▲ 0.04
Return on assets (ROA)2.7%within the sector's middle half▼ 862.7pp-8.8%below the sector's middle half▼ 11.5pp-2.2%below the sector's middle half▲ 6.6pp-1.3%below the sector's middle half▲ 0.8pp0.3%within the sector's middle half▲ 1.6pp
Staff (FTE)7within the sector's middle half6.2within the sector's middle half▼ 11.4%6.8within the sector's middle half▲ 9.7%8.9above the sector's middle half▲ 30.9%8.9above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2021 Net result -99% on 2020. This fiscal year ran 16 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,447 after a loss of €11,866 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€761,605 ▲ 20.4%
Current assets
€744,849 ▲ 60.8%
Key figures and ratios
EBITDA
€154,833▲
2024 · €116,217
Cash flow
€153,387▲
2024 · €113,302
Interest coverage
110.11▲
2024 · 68.05
Debt ≤ 1 year
€1.3m▲
2024 · €842,972
Debt > 1 year
€250,000▼
2024 · €257,804
Income taxes
€858▼
2024 · €1,213
Staff costs
€624,905▲
2024 · €615,840
A ratio outside any meaningful range has been withheld (balance sheet total €1.5m, equity -€2,922).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 1,448 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €254,064 | €391,731 | €439,822 | €615,840 | €624,905 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,262 | €8,159 | €64,843 | €128,083 | €149,386 | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €90 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,886 | €8,310 | €2,756 | €6,008 | €5,656 | ▼ 5.9% |
| Gross operating margin9900 | €265,836 | €358,624 | €492,577 | €738,156 | €785,394 | ▲ 6.4% |
| Operating profit (loss)9901 | €7,624 | -€49,576 | -€14,843 | -€11,866 | €5,447 | ▲ 146% |
| Financial income75/76B | €305 | €287 | €60 | €6 | €819 | ▲ 13,319% |
| Recurring financial income75 | €305 | €287 | €60 | €6 | €819 | ▲ 13,319% |
| Financial charges65/66B | €194 | €1,979 | €5,467 | €1,708 | €1,406 | ▼ 17.7% |
| Recurring financial charges65 | €194 | €1,979 | €5,467 | €1,708 | €1,406 | ▼ 17.7% |
| Profit (loss) for the period before taxes9903 | €7,736 | -€51,267 | -€20,251 | -€13,568 | €4,859 | ▲ 136% |
| Income taxes67/77 | - | €453 | €2 | €1,213 | €858 | ▼ 29.3% |
| Profit (loss) for the period9904 | €7,736 | -€51,720 | -€20,253 | -€14,781 | €4,001 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €7,736 | -€51,720 | -€20,253 | -€14,781 | €4,001 | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283,705 | €587,919 | €924,984 | €1.1m | €1.5m | ▲ 37.5% |
| Fixed assets21/28 | €12,313 | €235,115 | €493,772 | €632,426 | €761,605 | ▲ 20.4% |
| Intangible fixed assets21 | - | €180,000 | €384,000 | €500,000 | €661,000 | ▲ 32.2% |
| Tangible fixed assets22/27 | €12,313 | €55,115 | €109,772 | €132,426 | €100,605 | ▼ 24.0% |
| Plant, machinery and equipment23 | - | €9,383 | €54,106 | €63,501 | €48,723 | ▼ 23.3% |
| Furniture and vehicles24 | €12,313 | €45,732 | €55,666 | €68,925 | €45,905 | ▼ 33.4% |
| Other tangible fixed assets26 | - | - | - | - | €5,978 | - |
| Current assets29/58 | €271,392 | €352,803 | €431,211 | €463,112 | €744,849 | ▲ 60.8% |
| Amounts receivable within one year40/41 | €212,102 | €323,416 | €395,749 | €411,243 | €672,308 | ▲ 63.5% |
| Trade receivables40 | €145,094 | €323,416 | €395,744 | €411,049 | €670,640 | ▲ 63.2% |
| Other amounts receivable41 | €67,008 | - | €6 | €194 | €1,668 | ▲ 759% |
| Cash at bank and in hand54/58 | €51,382 | €18,949 | €24,903 | €35,238 | €53,544 | ▲ 51.9% |
| Deferred charges and accrued income490/1 | €7,908 | €10,438 | €10,559 | €16,631 | €18,997 | ▲ 14.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283,705 | €587,919 | €924,984 | €1.1m | €1.5m | ▲ 37.5% |
| Equity10/15 | €79,831 | €28,111 | €7,858 | -€6,923 | -€2,922 | ▲ 57.8% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €61,281 | - | - | - | - | - |
| Distributable reserves133 | €61,281 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | €9,561 | -€10,692 | -€25,473 | -€21,472 | ▲ 15.7% |
| Amounts payable17/49 | €203,874 | €559,808 | €917,126 | €1.1m | €1.5m | ▲ 36.9% |
| Amounts payable after more than one year17 | - | €258,641 | €261,225 | €257,804 | €250,000 | ▼ 3.0% |
| Financial debts170/4 | - | €8,641 | €11,225 | €7,804 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Amounts payable within one year42/48 | €203,874 | €299,621 | €652,024 | €842,972 | €1.3m | ▲ 49.3% |
| Current portion of amounts payable after more than one year42 | - | €4,199 | €9,640 | €17,940 | €7,804 | ▼ 56.5% |
| Trade debts44 | €114,880 | €228,614 | €311,369 | €239,162 | €539,000 | ▲ 125% |
| Suppliers440/4 | €114,880 | €228,614 | €311,369 | €239,162 | €539,000 | ▲ 125% |
| Taxes, remuneration and social security45 | €1,661 | €43,932 | €72,727 | €113,706 | €129,730 | ▲ 14.1% |
| Taxes450/3 | €1,661 | €14,699 | €23,727 | €48,834 | €38,660 | ▼ 20.8% |
| Remuneration and social security454/9 | - | €29,233 | €49,000 | €64,871 | €91,070 | ▲ 40.4% |
| Other amounts payable47/48 | €87,332 | €22,876 | €258,288 | €472,164 | €582,164 | ▲ 23.3% |
| Accrued charges and deferred income492/3 | - | €1,546 | €3,876 | €1,685 | €679 | ▼ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,736 | -€51,720 | -€20,253 | -€14,781 | €4,001 | ▲ 127% |
| + Depreciation and write-downs630 | €1,262 | €8,159 | €64,843 | €128,083 | €149,386 | ▲ 16.6% |
| Operating cash flow (approximation) | €8,998 | -€43,561 | €44,590 | €113,302 | €153,387 | ▲ 35.4% |
| Investment in fixed assets (approximation) | - | -€230,962 | -€323,500 | -€266,736 | -€278,566 | ▼ 4.4% |
| Change in cash | - | -€32,433 | €5,953 | €10,336 | €18,305 | ▲ 77.1% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €4,001
Net result €4,001 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€51,720
Net result drops to -€51,720, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
Financial
Back to profitnet €626,646
Net result €626,646 after one loss-making year.
31-08
Financial
Liquidity times 4028current ratio 228.57
Current ratio from 0.06 to 228.57; short-term debt falls from €630,317 to €317.
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-02
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 6 acts read
About the unread acts
We know of 6 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
6 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, Wevelgem · 1 establishment unit since 1988
Ground area
4,759 m²
Building footprint
936 m²
Volume, LiDAR
4,545 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Branderij
since 19882.037.862.409
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0271/00L000 | Flanders | 3,265 m² | 1 · 399 m² | 10.7 m · 2 fl. |
| 34023A0490/00L002 | Flanders | 1,494 m² | 1 · 537 m² | 5.8 m · 1 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- CASAKOR
- Branderij
Highest known parent: CASAKOR. The sources do not say who stands above it.
Owners 1
- CASAKORparent99.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 36,869 EUR awarded · 36,869 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 11,544 EUR | 11,544 EUR |
| 2024 | 1 | 8,017 EUR | 8,017 EUR |
| 2023 | 2 | 10,977 EUR | 10,977 EUR |
| 2022 | 1 | 6,331 EUR | 6,331 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteKuurne2.037.862.409
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 1,890 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
Founded29-04-1988
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434104197
Registered
09-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.