Branson CD
ActiveSummary
Branson CD has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €644,868 and a net result of €188,601. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+1
Solvency70▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.78 in 2023; short-term debt: 52.2% and cash: 19.1% of total assets), but 55% 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 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 dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
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 6 accounts on average 21 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€644,868▲ 5.0%
2023 · €614,253
Total assets
€1.4m▲ 1.4%
2023 · €1.4m
Net result
€188,601▲ 12.4%
2023 · €167,795
Working capital
€590,599▲ 1.4%
2023 · €582,384
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
Line20202021202220232024
Operating result€149,447▲ 7.7%€165,746▲ 10.9%€261,876▲ 58.0%€254,239▼ 2.9%€270,292▲ 6.3%
Net result€87,070within the sector's middle half▲ 11.6%€97,267within the sector's middle half▲ 11.7%€158,889above the sector's middle half▲ 63.4%€167,795within the sector's middle half▲ 5.6%€188,601within the sector's middle half▲ 12.4%
Equity€365,028within the sector's middle half▲ 8.9%€406,332within the sector's middle half▲ 11.3%€553,281within the sector's middle half▲ 36.2%€614,253within the sector's middle half▲ 11.0%€644,868within the sector's middle half▲ 5.0%
Total assets€1.1mwithin the sector's middle half▲ 3.5%€1.2mwithin the sector's middle half▲ 7.2%€1.4mwithin the sector's middle half▲ 12.8%€1.4mwithin the sector's middle half▲ 3.2%€1.4mwithin the sector's middle half▲ 1.4%
Debt€765,618▲ 1.2%€806,204▲ 5.3%€814,390▲ 1.0%€797,283▼ 2.1%€786,637▼ 1.3%
Working capital€407,442▲ 1.6%€410,370▲ 0.7%€609,538▲ 48.5%€582,384▼ 4.5%€590,599▲ 1.4%
Solvency32.3%within the sector's middle half▲ 1.6pp33.5%within the sector's middle half▲ 1.2pp40.5%within the sector's middle half▲ 6.9pp43.5%within the sector's middle half▲ 3.1pp45.0%within the sector's middle half▲ 1.5pp
Staff (FTE)4.8within the sector's middle half▲ 26.3%4.8within the sector's middle half=5.5within the sector's middle half▲ 14.6%5.5within the sector's middle half=5.1within the sector's middle half▼ 7.3%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€94,224 ▲ 14.0%
Current assets
€1.3m ▲ 0.6%
Equity and liabilities €1.4m
Equity
€644,868 ▲ 5.0%
Debt
€786,637 ▼ 1.3%
Debt's share of the balance-sheet total falls from 56.5% to 55.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€305,615▲
2023 · €273,045
Cash flow
€223,924▲
2023 · €186,601
Current ratio
1.79▲
2023 · 1.78
Quick ratio
1.18▲
2023 · 1.15
Debt to equity
1.22▼
2023 · 1.30
ROE
29.2%▲
2023 · 27.3%
ROA
13.2%▲
2023 · 11.9%
Interest coverage
16.61▲
2023 · 14.14
Debt ≤ 1 year
€746,681=
2023 · €746,473
Debt > 1 year
€39,659▼
2023 · €47,818
Income taxes
€66,121▼
2023 · €69,817
Staff costs
€349,060▼
2023 · €364,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,058 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 31,324 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €273,158 | €329,432 | €364,550 | €349,060 | ▼ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,885 | €17,752 | €17,808 | €18,806 | €35,323 | ▲ 87.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€2,863 | €0 | - | - | - |
| Other operating charges640/8 | - | €11,797 | €5,648 | €7,464 | €5,834 | ▼ 21.8% |
| Gross operating margin9900 | €433,928 | €465,589 | €614,763 | €645,059 | €660,508 | ▲ 2.4% |
| Operating profit (loss)9901 | €149,447 | €165,746 | €261,876 | €254,239 | €270,292 | ▲ 6.3% |
| Financial income75/76B | - | €181 | €1,101 | €2,677 | €2,830 | ▲ 5.7% |
| Recurring financial income75 | €1,533 | €181 | €1,101 | €2,677 | €2,830 | ▲ 5.7% |
| Financial charges65/66B | - | €19,558 | €23,584 | €19,303 | €18,401 | ▼ 4.7% |
| Recurring financial charges65 | €21,723 | €19,558 | €23,584 | €19,303 | €18,401 | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €129,257 | €146,369 | €239,393 | €237,612 | €254,721 | ▲ 7.2% |
| Income taxes67/77 | €42,187 | €49,102 | €80,504 | €69,817 | €66,121 | ▼ 5.3% |
| Profit (loss) for the period9904 | €87,070 | €97,267 | €158,889 | €167,795 | €188,601 | ▲ 12.4% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €92,620 | - |
| Profit (loss) for the period to be appropriated9905 | €87,070 | €97,267 | €158,889 | €167,795 | €95,981 | ▼ 42.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.4m | €1.4m | €1.4m | ▲ 1.4% |
| Fixed assets21/28 | €50,284 | €37,743 | €24,435 | €82,679 | €94,224 | ▲ 14.0% |
| Tangible fixed assets22/27 | €48,140 | €35,599 | €22,291 | €80,535 | €92,030 | ▲ 14.3% |
| Plant, machinery and equipment23 | - | €15,132 | €10,235 | €6,007 | €1,778 | ▼ 70.4% |
| Furniture and vehicles24 | - | €20,467 | €12,056 | €74,528 | €90,252 | ▲ 21.1% |
| Financial fixed assets28 | €2,144 | €2,144 | €2,144 | €2,144 | €2,194 | ▲ 2.3% |
| Current assets29/58 | €1.1m | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 0.6% |
| Stocks and contracts in progress3 | €401,542 | €468,451 | €422,560 | €471,503 | €455,750 | ▼ 3.3% |
| Stocks30/36 | - | €468,451 | €422,560 | €471,503 | €455,750 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €345,554 | €528,713 | €732,217 | €574,588 | €552,129 | ▼ 3.9% |
| Trade receivables40 | - | €527,281 | €730,989 | €568,837 | €546,377 | ▼ 3.9% |
| Other amounts receivable41 | - | €1,432 | €1,228 | €5,751 | €5,751 | = |
| Cash at bank and in hand54/58 | €333,266 | €177,630 | €188,459 | €282,766 | €273,124 | ▼ 3.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €56,277 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.4m | €1.4m | €1.4m | ▲ 1.4% |
| Equity10/15 | €365,028 | €406,332 | €553,281 | €614,253 | €644,868 | ▲ 5.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €346,428 | €387,732 | €534,681 | €595,653 | €626,268 | ▲ 5.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | - | €92,620 | - |
| Distributable reserves133 | - | €385,872 | €532,821 | €593,793 | €531,788 | ▼ 10.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €765,618 | €806,204 | €814,390 | €797,283 | €786,637 | ▼ 1.3% |
| Amounts payable after more than one year17 | €92,353 | €41,435 | €78,846 | €47,818 | €39,659 | ▼ 17.1% |
| Financial debts170/4 | - | €41,435 | €78,846 | €47,818 | €39,659 | ▼ 17.1% |
| Amounts payable within one year42/48 | €672,920 | €764,424 | €733,698 | €746,473 | €746,681 | = |
| Current portion of amounts payable after more than one year42 | - | €46,178 | €24,790 | €38,421 | €36,159 | ▼ 5.9% |
| Financial debts43 | - | €20,140 | €139,789 | €0 | - | - |
| Credit institutions430/8 | - | €20,140 | €139,789 | €0 | - | - |
| Trade debts44 | €403,656 | €512,580 | €419,925 | €520,471 | €481,906 | ▼ 7.4% |
| Suppliers440/4 | - | €512,580 | €419,925 | €520,471 | €481,906 | ▼ 7.4% |
| Taxes, remuneration and social security45 | - | €83,858 | €93,886 | €137,561 | €126,651 | ▼ 7.9% |
| Taxes450/3 | - | €49,846 | €52,943 | €93,288 | €87,201 | ▼ 6.5% |
| Remuneration and social security454/9 | - | €34,012 | €40,942 | €44,272 | €39,450 | ▼ 10.9% |
| Other amounts payable47/48 | - | €101,668 | €55,309 | €50,020 | €101,965 | ▲ 104% |
| Accrued charges and deferred income492/3 | - | €345 | €1,845 | €2,991 | €297 | ▼ 90.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87,070 | €97,267 | €158,889 | €167,795 | €188,601 | ▲ 12.4% |
| + Depreciation and write-downs630 | €20,885 | €17,752 | €17,808 | €18,806 | €35,323 | ▲ 87.8% |
| Operating cash flow (approximation) | €107,955 | €115,019 | €176,696 | €186,601 | €223,924 | ▲ 20.0% |
| Investment in fixed assets (approximation) | - | -€5,210 | -€4,500 | -€77,049 | -€46,869 | ▲ 39.2% |
| Change in cash | - | -€155,637 | €10,830 | €94,306 | -€9,641 | ▼ 110% |
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
2026
12-08
State Gazette act
Resignations: Thierry Combes (director) and Marianne Hunninck (director)Appointment: SAFETY MATTERS BV (director) · Permanent representative: Riyanto Van Liefferinge · Director discharge12 facts ▸
State Gazette act
Resignations: Thierry Combes (director) and Marianne Hunninck (director)
Appointment: SAFETY MATTERS BV (director) · Permanent representative: Riyanto Van Liefferinge · Director discharge12 facts ▸
- General meeting, 15-07-2026
- Director resignation, Thierry Combes (director)
- Director resignation, Marianne Hunninck (director)
- Director discharge, Thierry Combes (director)
- Director discharge, Marianne Hunninck (director)
- Director appointment, SAFETY MATTERS BV (director)
- Permanent representative, Riyanto Van Liefferinge (permanent representative)
- Declaration, geen bestuursverbod of veroordeling, artikel 6 van de wet betreffende het Centraal register van bestuursverboden van 4 mei 2023
- Power of attorney, Jorg Van Impe
- Power of attorney, Camille Vandeghinste
- Power of attorney, Louis Clarys
- Power of attorney, Jan-Dante Dumon
16-07
State Gazette act
Resignation: Thierry Combes (statutory director)Appointment: Thierry Combes (non-statutory director) · Director discharge · Statutes amendment6 facts ▸
State Gazette act
Resignation: Thierry Combes (statutory director)
Appointment: Thierry Combes (non-statutory director) · Director discharge · Statutes amendment6 facts ▸
- General meeting, buitengewone algemene vergadering, Alle aandeelhouders aanwezig
- Director resignation, Thierry Combes (statutory director)
- Director discharge, Thierry Combes (statutory director)
- Statutes amendment, 13
- Director appointment, Thierry Combes (non-statutory director)
- Declaration, geen beroepsverbod
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €188,601 ▲12.4%
Operating result €270,292, net result €188,601, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €500,000Eq €553,281 ▲36.2%
5 profitable years in a row build equity to €553,281.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
18-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 18 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
Safety Matters
CurrentDirector · since 15-07-2026 · Private limited company · perm. rep.: Riyanto Van Liefferinge
Thierry Combes
CurrentNon-statutory director · since 16-07-2026
Permanent representatives 1
Riyanto Van Liefferinge
CurrentPermanent representative · since 15-07-2026 · for Safety Matters
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 1981
Ground area
2.2 ha
Building footprint
1.4 ha
Volume, LiDAR
81,665 m³
Parcel 41362B0310/00C000, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BRANSON C D
since 19812.019.975.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B0310/00C000 | Flanders | 2.2 ha | 1 · 1.4 ha | 12.3 m · 2 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.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Safety Matters |
|
| Thierry Combes |
|
| Marianne Hunninck |
|
Structure & network
Connections & network
2 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,134 EUR awarded · 2,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 634 EUR | 634 EUR |
| 2024 | 1 | 1,500 EUR | 1,500 EUR |
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Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
26300Manufacture of computer, electronic and optical products
46421Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422340176
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.