BRANICO
ActiveSummary
BRANICO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €522,175 and a net result of €6,838. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability19▼-50
Solvency48▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.36 in 2023; short-term debt: 10.9% and cash: 0.1% of total assets), and 77.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
29 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
47 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 15 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€522,175▲ 1.3%
2023 · €515,336
Total assets
€2.3m▼ 7.2%
2023 · €2.5m
Net result
€6,838▼ 50.1%
2023 · €13,704
Working capital
-€173,938▲ 47.4%
2023 · -€330,845
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€97,823-€3,676▲ 96.2%€206,785€153,724▼ 25.7%-€175,480
Net result-€145,994below the sector's middle half-€110,213below the sector's middle half▲ 24.5%€89,555within the sector's middle half€13,704within the sector's middle half▼ 84.7%€6,838within the sector's middle half▼ 50.1%
Equity€522,289within the sector's middle half▼ 21.8%€412,076within the sector's middle half▼ 21.1%€501,632within the sector's middle half▲ 21.7%€515,336within the sector's middle half▲ 2.7%€522,175within the sector's middle half▲ 1.3%
Total assets€3.0mabove the sector's middle half▲ 42.9%€2.8mabove the sector's middle half▼ 5.0%€2.7mwithin the sector's middle half▼ 5.4%€2.5mwithin the sector's middle half▼ 6.9%€2.3mwithin the sector's middle half▼ 7.2%
Debt€2.4m▲ 77.5%€2.4m▼ 2.6%€2.1m▼ 10.8%€1.9m▼ 11.6%€1.6m▼ 11.7%
Working capital-€78,476within the sector's middle half▼ 494%-€139,655below the sector's middle half▼ 78.0%-€269,997below the sector's middle half▼ 93.3%-€330,845below the sector's middle half▼ 22.5%-€173,938below the sector's middle half▲ 47.4%
Solvency17.6%below the sector's middle half▼ 14.6pp14.6%below the sector's middle half▼ 3.0pp18.8%below the sector's middle half▲ 4.2pp20.8%below the sector's middle half▲ 2.0pp22.7%below the sector's middle half▲ 1.9pp
Current ratio0.76within the sector's middle half▼ 0.210.48below the sector's middle half▼ 0.280.39below the sector's middle half▼ 0.090.36below the sector's middle half▼ 0.030.31below the sector's middle half▼ 0.06
Return on assets (ROA)-4.9%below the sector's middle half▼ 11.8pp-3.9%below the sector's middle half▲ 1.0pp3.4%within the sector's middle half▲ 7.3pp0.6%within the sector's middle half▼ 2.8pp0.3%below the sector's middle half▼ 0.3pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €175,480 after €153,724 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets
€2.2m ▼ 2.9%
Current assets
€76,585 ▼ 59.2%
Equity and liabilities €2.3m
Equity
€522,175 ▲ 1.3%
Provisions
€138,002 ▲ 30.8%
Debt
€1.6m ▼ 11.7%
Debt's share of the balance-sheet total falls from 75.0% to 71.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€97,967▼
2023 · €237,192
Cash flow
€84,352▼
2023 · €97,173
Debt to equity
3.14▼
2023 · 3.60
ROE
1.3%▼
2023 · 2.7%
Interest coverage
-3.23▼
2023 · 9.36
Debt ≤ 1 year
€250,523▼
2023 · €518,720
Debt > 1 year
€1.4m▲
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,340 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% | 1.8% |
| 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% 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 4,681 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €258,537 | €184,831 | €139,075 | ▼ 24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €141,072 | €71,617 | €89,987 | €83,468 | €77,513 | ▼ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €100,855 | €30,863 | -€20,355 | -€1,363 | ▲ 93.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €25,321 | -€48,321 | €0 | - | - |
| Other operating charges640/8 | - | €23,838 | €78,992 | €34,163 | €15,429 | ▼ 54.8% |
| Non-recurring operating charges66A | - | - | €3,466 | €0 | €292,966 | - |
| Gross operating margin9900 | €30,969 | €217,956 | €361,771 | €251,001 | €209,065 | ▼ 16.7% |
| Operating profit (loss)9901 | -€97,823 | -€3,676 | €206,785 | €153,724 | -€175,480 | ▼ 214% |
| Financial income75/76B | - | €747 | €500 | €9,365 | €245,188 | ▲ 2,518% |
| Recurring financial income75 | €3,280 | €747 | €500 | €9,365 | €14,923 | ▲ 59.3% |
| Non-recurring financial income76B | - | - | - | - | €230,266 | - |
| Financial charges65/66B | - | €104,885 | €56,278 | €105,329 | €30,375 | ▼ 71.2% |
| Recurring financial charges65 | €51,495 | €64,619 | €56,278 | €25,329 | €30,375 | ▲ 19.9% |
| Non-recurring financial charges66B | - | €40,266 | €0 | €80,000 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€146,039 | -€107,814 | €151,007 | €57,760 | €39,333 | ▼ 31.9% |
| Transfer from deferred taxes780 | - | - | €3,183 | €2,152 | €2,161 | ▲ 0.4% |
| Transfer to deferred taxes680 | - | - | €64,634 | €46,208 | €34,656 | ▼ 25.0% |
| Income taxes67/77 | -€45 | €2,398 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€145,994 | -€110,213 | €89,555 | €13,704 | €6,838 | ▼ 50.1% |
| Transfer from tax-exempt reserves789 | - | - | €9,548 | €6,457 | €6,484 | ▲ 0.4% |
| Transfer to tax-exempt reserves689 | - | - | €193,903 | €138,623 | €103,907 | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | -€145,994 | -€110,213 | -€94,800 | -€118,462 | -€90,585 | ▲ 23.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.8m | €2.7m | €2.5m | €2.3m | ▼ 7.2% |
| Fixed assets21/28 | €2.7m | €2.7m | €2.5m | €2.3m | €2.2m | ▼ 2.9% |
| Tangible fixed assets22/27 | €2.6m | €2.6m | €2.4m | €2.3m | €2.2m | ▼ 2.9% |
| Land and buildings22 | - | €2.6m | €2.4m | €2.3m | €2.2m | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €13,088 | €9,501 | €15,251 | €11,330 | ▼ 25.7% |
| Furniture and vehicles24 | - | €31,364 | €19,553 | €8,558 | €47,821 | ▲ 459% |
| Assets under construction and advance payments27 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €107,866 | €80,000 | €80,000 | €0 | - | - |
| Current assets29/58 | €244,761 | €127,263 | €173,378 | €187,875 | €76,585 | ▼ 59.2% |
| Amounts receivable after more than one year29 | - | €5,000 | €25,000 | €55,000 | €57,000 | ▲ 3.6% |
| Other amounts receivable291 | - | €5,000 | €25,000 | €55,000 | €57,000 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €14,205 | €95,655 | €95,461 | €107,708 | €0 | ▼ 100% |
| Trade receivables40 | - | €57,655 | €48,461 | €54,208 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €38,000 | €47,000 | €53,500 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5,586 | €3,336 | €40,540 | €3,097 | €1,545 | ▼ 50.1% |
| Deferred charges and accrued income490/1 | - | €23,271 | €12,378 | €22,070 | €18,040 | ▼ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.8m | €2.7m | €2.5m | €2.3m | ▼ 7.2% |
| Equity10/15 | €522,289 | €412,076 | €501,632 | €515,336 | €522,175 | ▲ 1.3% |
| Contributions10/11 | - | €184,452 | €184,452 | €184,452 | €184,452 | = |
| Reserves13 | €337,837 | €227,624 | €317,179 | €334,967 | €413,945 | ▲ 23.6% |
| Non-distributable reserves130/1 | - | €18,445 | €18,445 | €18,445 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €18,445 | €18,445 | €18,445 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | - | €184,355 | €316,521 | €413,945 | ▲ 30.8% |
| Distributable reserves133 | - | €209,179 | €114,379 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | -€4,083 | -€76,222 | ▼ 1,767% |
| Provisions and deferred taxes16 | €23,000 | €48,321 | €61,452 | €105,507 | €138,002 | ▲ 30.8% |
| Provisions for liabilities and charges160/5 | - | €48,321 | €0 | - | - | - |
| Major repairs and maintenance162 | - | €18,000 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €30,321 | €0 | - | - | - |
| Deferred taxes168 | - | - | €61,452 | €105,507 | €138,002 | ▲ 30.8% |
| Amounts payable17/49 | €2.4m | €2.4m | €2.1m | €1.9m | €1.6m | ▼ 11.7% |
| Amounts payable after more than one year17 | €2.1m | €2.1m | €1.6m | €1.3m | €1.4m | ▲ 3.4% |
| Financial debts170/4 | - | €952,000 | €788,800 | €625,600 | €462,400 | ▼ 26.1% |
| Other amounts payable178/9 | - | €1.1m | €860,000 | €695,000 | €903,000 | ▲ 29.9% |
| Amounts payable within one year42/48 | €323,237 | €266,918 | €443,375 | €518,720 | €250,523 | ▼ 51.7% |
| Current portion of amounts payable after more than one year42 | - | €163,200 | €163,200 | €163,200 | €163,200 | = |
| Financial debts43 | - | - | - | €250,000 | €50,000 | ▼ 80.0% |
| Credit institutions430/8 | - | - | - | €250,000 | €50,000 | ▼ 80.0% |
| Trade debts44 | €92,957 | €37,002 | €30,451 | €11,523 | €2,104 | ▼ 81.7% |
| Suppliers440/4 | - | €37,002 | €30,451 | €11,523 | €2,104 | ▼ 81.7% |
| Taxes, remuneration and social security45 | - | €32,040 | €65,555 | €11,177 | €3,709 | ▼ 66.8% |
| Taxes450/3 | - | €28,548 | €63,265 | €9,323 | €1,829 | ▼ 80.4% |
| Remuneration and social security454/9 | - | €3,492 | €2,290 | €1,854 | €1,880 | ▲ 1.4% |
| Other amounts payable47/48 | - | €34,676 | €184,169 | €82,820 | €31,510 | ▼ 62.0% |
| Accrued charges and deferred income492/3 | - | €13,155 | €8,064 | €18,292 | €24,000 | ▲ 31.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€145,994 | -€110,213 | €89,555 | €13,704 | €6,838 | ▼ 50.1% |
| + Depreciation and write-downs630 | €141,072 | €71,617 | €89,987 | €83,468 | €77,513 | ▼ 7.1% |
| Operating cash flow (approximation) | -€4,922 | -€38,596 | €179,542 | €97,173 | €84,352 | ▼ 13.2% |
| Investment in fixed assets (approximation) | - | -€40,862 | €107,277 | €115,896 | -€10,447 | ▼ 109% |
| Change in cash | - | -€2,249 | €37,204 | -€37,443 | -€1,551 | ▲ 95.9% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €89,555
Net result €89,555 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €501,632 ▲21.7%
Equity rises from €412,076 to €501,632.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Back to profitnet €142,783
Net result €142,783 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Affligem · 1 establishment unit since 1999
Ground area
5,051 m²
Building footprint
347 m²
Volume, LiDAR
1,176 m³
Parcel 23021B0002/00A002, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BRANICO
since 19992.090.526.578
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23021B0002/00A002 | Flanders | 5,051 m² | 1 · 347 m² | 9.5 m · 1 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 2
-
99.17%
-
80%
According to the 2023 annual accounts of BRANICO and those 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 34,316 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
Founded30-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
63920Other information service activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465102825
Also
9925:BE0465102825
Registered
02-09-2025
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.