BRASSE - TEMPS DIFFUSION
ActiveFinancials · financial year 2025, full format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00480518.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 23 filings
Turnover
≈ €2.5m
Estimated: probably between €1.7m and €4.1m
EBIT margin
Not included in this filing
Net result
€504,691▼ 17.9%
2024 · €614,663
Working capital
€368,952▲ 12.8%
2024 · €326,992
In the rankings
#9 company by equity in Hainaut, Beverages sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€506,530
▼ 1.6%
2025
20182025
Net result
€504,691
▼ 17.9%
2025
middle half of the sector
20182025
Equity
€1.1m
▲ 0.4%
2025
middle half of the sector
20182025
Total assets
€2.0m
▲ 1.0%
2025
middle half of the sector
20182025
Debt
€944,888
▲ 1.7%
2025
20182025
Working capital
€368,952
▲ 12.8%
2025
middle half of the sector
20182025
Solvency
53.6%
▼ 0.3pp
2025
middle half of the sector
20182025
Current ratio
1.39
▲ 0.04
2025
middle half of the sector
20182025
Return on assets (ROA)
24.8%
▼ 5.7pp
2025
highest quarter of the sector
20182025
Staff (FTE)
13.5
▼ 8.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.4m▲ 3.2%-€0.008m€0.5m€0.3m▼ 32.9%€0.4m▲ 22.8%€0.5m▲ 23.9%€0.5m▼ 1.6%
Net result€0.3m-€0.3m▲ 1.0%-€0.01mwithin the sector's middle half€0.4mwithin the sector's middle half€0.2mwithin the sector's middle half▼ 40.6%€0.6mabove the sector's middle half▲ 151%€0.6mabove the sector's middle half▲ 2.4%€0.5mwithin the sector's middle half▼ 17.9%
Equity€0.7m-€0.8m▲ 19.1%€0.8mwithin the sector's middle half▼ 1.2%€1.2mwithin the sector's middle half▲ 51.5%€0.8mwithin the sector's middle half▼ 30.5%€0.9mwithin the sector's middle half▲ 12.2%€1.1mwithin the sector's middle half▲ 17.8%€1.1mwithin the sector's middle half▲ 0.4%
Total assets€1.2m-€1.3m▲ 4.4%€0.8mbelow the sector's middle half▼ 36.4%€1.5mwithin the sector's middle half▲ 77.8%€1.8mwithin the sector's middle half▲ 20.4%€1.8mwithin the sector's middle half▲ 2.7%€2.0mwithin the sector's middle half▲ 10.7%€2.0mwithin the sector's middle half▲ 1.0%
Debt€0.6m-€0.5m▼ 11.6%€0.05m▼ 90.8%€0.3m▲ 516%€1.0m▲ 229%€0.9m▼ 5.5%€0.9m▲ 3.4%€0.9m▲ 1.7%
Working capital€0.1m-€0.3m▲ 169%€0.3mwithin the sector's middle half▲ 26.1%€0.8mwithin the sector's middle half▲ 149%€0.5mwithin the sector's middle half▼ 42.7%€0.3mwithin the sector's middle half▼ 44.5%€0.3mwithin the sector's middle half▲ 27.6%€0.4mwithin the sector's middle half▲ 12.8%
Solvency53.2%-60.7%▲ 7.5pp94.3%above the sector's middle half▲ 33.6pp80.4%above the sector's middle half▼ 14.0pp46.4%within the sector's middle half▼ 34.0pp50.7%within the sector's middle half▲ 4.3pp54.0%within the sector's middle half▲ 3.2pp53.6%within the sector's middle half▼ 0.3pp
Current ratio1.17-1.50▲ 0.347.89above the sector's middle half▲ 6.383.78above the sector's middle half▼ 4.101.49within the sector's middle half▼ 2.301.29within the sector's middle half▼ 0.201.35within the sector's middle half▲ 0.071.39within the sector's middle half▲ 0.04
Return on assets (ROA)22.8%-22.0%▼ 0.8pp-1.2%within the sector's middle half▼ 23.2pp27.3%above the sector's middle half▲ 28.5pp13.5%above the sector's middle half▼ 13.8pp33.0%above the sector's middle half▲ 19.5pp30.5%above the sector's middle half▼ 2.5pp24.8%above the sector's middle half▼ 5.7pp
Staff (FTE)16.7-16.8▲ 0.6%12.1within the sector's middle half▼ 28.0%10.3within the sector's middle half▼ 14.9%14.4within the sector's middle half▲ 39.8%15.2within the sector's middle half▲ 5.6%14.8within the sector's middle half▼ 2.6%13.5within the sector's middle half▼ 8.8%
above
within
below
The sector band is the middle half of the companies in Manufacture of beverages (NACE 11). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 2% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€724,477 ▼ 4.9%
Current assets
€1.3m ▲ 4.6%
Equity and liabilities €2.0m
Equity
€1.1m ▲ 0.4%
Debt
€944,888 ▲ 1.7%
Debt's share of the balance-sheet total rises from 46.0% to 46.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€586,876▲
2024 · €583,920
Cash flow
€585,037▼
2024 · €683,642
Quick ratio
1.37▲
2024 · 1.31
Debt to equity
0.86▲
2024 · 0.85
ROE
46.2%▼
2024 · 56.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€944,888▲
2024 · €928,663
Income taxes
€122,295▼
2024 · €130,589
Staff costs
€854,141▼
2024 · €856,603
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 16 | 14 | 14 | 10 |
| full-time | 5 | 6 | 7 | 8 | 7 |
| part-time | 10 | 10 | 7 | 6 | 3 |
| in full-time equivalents | 10.3 | 12.7 | 11.3 | 12 | 8.6 |
| Average over the year, in full-time equivalents | 10.3 | 14.4 | 15.2 | 14.8 | 13.5 |
| On a permanent contract | 11 | 10 | 9 | 8 | 8 |
| Joined | 807 | 1,394 | 2,120 | 2,352 | 2,312 |
| Left | 802 | 1,394 | 2,121 | 2,351 | 2,316 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,863 | €8,308 | €299,439 | €162,815 | €78,077 |
| Financial fixed assets | - | €12,500 | €57,500 | - | - |
| Depreciation and write-downs of the year | €85,217 | €29,389 | €51,169 | €68,980 | €80,346 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.1m | €0.003m | €0.001m | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.7m | €0.8m | €0.9m | €0.9m | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.09m | €0.03m | €0.05m | €0.07m | €0.08m | ▲ 16.5% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.003m | €0.006m | €0.004m | €0.005m | ▲ 20.0% |
| Non-recurring operating charges66A | - | - | - | €0 | €0.004m | €265 | €0 | - | - |
| Gross operating margin9900 | €1.3m | €1.3m | €0.5m | €1.0m | €1.1m | €1.3m | €1.4m | €1.4m | ▲ 0.1% |
| Operating profit (loss)9901 | €0.4m | €0.4m | -€0.008m | €0.5m | €0.3m | €0.4m | €0.5m | €0.5m | ▼ 1.6% |
| Financial income75/76B | - | - | - | €22 | €195 | €0.3m | €0.2m | €0.2m | ▼ 7.6% |
| Recurring financial income75 | €0.002m | €493 | €28 | €22 | €195 | €0.3m | €0.2m | €0.2m | ▼ 7.6% |
| Financial charges65/66B | - | - | - | €0.006m | €0.02m | €0.02m | €0.002m | €0.09m | ▲ 62× |
| Recurring financial charges65 | €0.007m | €0.01m | €0.007m | €0.006m | €0.02m | €0.02m | €0.002m | €0.001m | ▼ 9.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.09m | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.4m | -€0.01m | €0.5m | €0.3m | €0.7m | €0.7m | €0.6m | ▼ 15.9% |
| Transfer from deferred taxes780 | - | - | - | €0 | - | - | - | - | - |
| Income taxes67/77 | €0.1m | €0.1m | -€144 | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 6.4% |
| Profit (loss) for the period9904 | €0.3m | €0.3m | -€0.01m | €0.4m | €0.2m | €0.6m | €0.6m | €0.5m | ▼ 17.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | -€215 | €0.4m | €0.2m | €0.6m | €0.6m | €0.5m | ▼ 17.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.3m | €0.8m | €1.5m | €1.8m | €1.8m | €2.0m | €2.0m | ▲ 1.0% |
| Fixed assets21/28 | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.7m | €0.8m | €0.7m | ▼ 4.9% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.2m | €0.1m | €0.1m | €0.3m | €0.4m | €0.4m | ▼ 0.5% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.3m | €0.4m | €0.4m | ▼ 1.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.004m | €0.007m | €0.01m | €0.02m | ▲ 42.0% |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 11.0% |
| Current assets29/58 | €0.7m | €0.8m | €0.4m | €1.1m | €1.4m | €1.2m | €1.3m | €1.3m | ▲ 4.6% |
| Stocks and contracts in progress3 | €0.02m | €0.03m | €0.01m | €0.02m | €0.02m | €0.03m | €0.04m | €0.02m | ▼ 39.8% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.03m | €0.04m | €0.02m | ▼ 39.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.02m | €0.06m | €0.03m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 45.4% |
| Trade receivables40 | - | - | - | €0.02m | €0.03m | €0.07m | €0.09m | €0.05m | ▼ 37.1% |
| Other amounts receivable41 | - | - | - | €0.009m | €0.1m | €0.1m | €0.1m | €0.06m | ▼ 51.4% |
| Current investments50/53 | €0.4m | €0.6m | €0.3m | €0.8m | €1.2m | €0.8m | €0.9m | €1.0m | ▲ 19.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.02m | €0.1m | €0.06m | €0.1m | €0.2m | €0.2m | ▲ 2.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.09m | €0 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €0.8m | €1.5m | €1.8m | €1.8m | €2.0m | €2.0m | ▲ 1.0% |
| Equity10/15 | €0.7m | €0.8m | €0.8m | €1.2m | €0.8m | €0.9m | €1.1m | €1.1m | ▲ 0.4% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.6m | €0.7m | €0.7m | €1.1m | €0.7m | €0.8m | €1.0m | €1.0m | ▲ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €1.0m | €0.6m | €0.7m | €0.9m | €0.9m | ▲ 0.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.01m | €0.005m | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.5m | €0.05m | €0.3m | €1.0m | €0.9m | €0.9m | €0.9m | ▲ 1.7% |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €0.05m | €0.3m | €1.0m | €0.9m | €0.9m | €0.9m | ▲ 1.7% |
| Trade debts44 | €0.2m | €0.2m | €0.03m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 3.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 3.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 9.0% |
| Taxes450/3 | - | - | - | €0.07m | €0.05m | €0.06m | €0.05m | €0.03m | ▼ 27.1% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.08m | €0.08m | €0.08m | €0.09m | ▲ 1.3% |
| Other amounts payable47/48 | - | - | - | - | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €284,007 | €286,736 | -€9,563 | €402,554 | €239,255 | €600,515 | €614,663 | €504,691 | ▼ 17.9% |
| + Depreciation and write-downs630 | €109,368 | €115,490 | €106,571 | €85,217 | €29,389 | €51,169 | €68,980 | €80,346 | ▲ 16.5% |
| Operating cash flow (approximation) | €393,375 | €402,225 | €97,007 | €487,771 | €268,645 | €651,684 | €683,642 | €585,037 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | -€76,401 | -€25,243 | -€5,863 | -€12,160 | -€356,939 | -€162,815 | -€43,077 | ▲ 73.5% |
| Change in cash | - | €4,451 | -€133,540 | €93,349 | -€59,443 | €65,067 | €39,150 | €4,362 | ▼ 88.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as BRASSE - TEMPS DIFFUSION has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of BRASSE - TEMPS DIFFUSION itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for BRASSE - TEMPS DIFFUSION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-08-2026 | 2026-00480518 | |
| 31-12-2024 | full format | 12-08-2025 | 2025-00374815 | |
| 31-12-2023 | full format | 10-07-2024 | 2024-00240278 | |
| 31-12-2022 | full format | 07-08-2023 | 2023-00319501 | |
| 31-12-2021 | full format | 07-07-2022 | 2022-20164716 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-43100516 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-50100347 | |
| 31-12-2018 | full format | 19-08-2019 | 2019-48500430 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-60200394 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-53200293 |