BRASSIMMO
ActiveSummary
BRASSIMMO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €831,857 and a net result of -€12,892. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-25
Solvency62▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.1 against 1.44 in 2024; short-term debt: 19.9% and cash: 1.1% of total assets), and 62.5% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.5%
Return on assets
-0.6%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
1 d early
2023
29 d late
2022
31 d early
2021
17 d early
2020
22 d early
2019
on the day
← 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 14 days before the deadline; the sector median for financial year 2024 is 7 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 14 July (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€831,857▼ 1.5%
2024 · €844,750
Total assets
€2.2m▼ 26.1%
2024 · €3.0m
Net result
-€12,892
2024 · €191,370
Working capital
-€395,395
2024 · €448,269
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€92,353▲ 113%-€67,058-€54,962▲ 18.0%€304,234€18,793▼ 93.8%
Net result€53,240within the sector's middle half▲ 87.9%-€81,953below the sector's middle half-€103,348below the sector's middle half▼ 26.1%€191,370above the sector's middle half-€12,892within the sector's middle half
Equity€838,680within the sector's middle half▲ 6.8%€756,728within the sector's middle half▼ 9.8%€653,380above the sector's middle half▼ 13.7%€844,750within the sector's middle half▲ 29.3%€831,857within the sector's middle half▼ 1.5%
Total assets€2.4mwithin the sector's middle half▲ 23.4%€2.2mwithin the sector's middle half▼ 8.3%€2.6mabove the sector's middle half▲ 20.1%€3.0mwithin the sector's middle half▲ 13.9%€2.2mwithin the sector's middle half▼ 26.1%
Debt€1.5m▲ 38.3%€1.3m▼ 7.8%€1.9m▲ 40.9%€2.1m▲ 9.4%€1.3m▼ 37.0%
Working capital€790,505above the sector's middle half▲ 8.0%€606,800above the sector's middle half▼ 23.2%€167,194above the sector's middle half▼ 72.4%€448,269within the sector's middle half▲ 168%-€395,395below the sector's middle half
Solvency35.0%within the sector's middle half▼ 5.4pp34.5%within the sector's middle half▼ 0.5pp24.8%within the sector's middle half▼ 9.7pp28.1%within the sector's middle half▲ 3.4pp37.5%within the sector's middle half▲ 9.3pp
Current ratio6.46above the sector's middle half▼ 1.295.30above the sector's middle half▼ 1.161.21within the sector's middle half▼ 4.091.44within the sector's middle half▲ 0.230.10below the sector's middle half▼ 1.34
Return on assets (ROA)2.2%within the sector's middle half▲ 0.8pp-3.7%below the sector's middle half▼ 6.0pp-3.9%below the sector's middle half▼ 0.2pp6.4%above the sector's middle half▲ 10.3pp-0.6%within the sector's middle half▼ 7.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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
The operating result falls in 2025; 2025 is 94% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€2.2m ▲ 41.5%
Current assets
€45,936 ▼ 96.9%
Equity and liabilities €2.2m
Equity
€831,857 ▼ 1.5%
Provisions
€82,366 ▼ 5.3%
Debt
€1.3m ▼ 37.0%
Debt's share of the balance-sheet total falls from 69.0% to 58.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€107,692▼
2024 · €373,764
Cash flow
€76,006▼
2024 · €260,899
Debt to equity
1.57▼
2024 · 2.45
ROE
-1.5%▼
2024 · 22.7%
Interest coverage
3.06▼
2024 · 5.06
Debt ≤ 1 year
€441,331▼
2024 · €1.0m
Debt > 1 year
€855,481▼
2024 · €958,472
Income taxes
€1,137▼
2024 · €45,061
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 8,616 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €143,677 | - | €5,327 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,781 | €66,033 | €69,521 | €69,529 | €88,899 | ▲ 27.9% |
| Other operating charges640/8 | €9,919 | €9,855 | €9,546 | €8,496 | €5,685 | ▼ 33.1% |
| Non-recurring operating charges66A | - | - | - | - | €15,000 | - |
| Gross operating margin9900 | €173,053 | €8,830 | €24,105 | €382,259 | €128,377 | ▼ 66.4% |
| Operating profit (loss)9901 | €92,353 | -€67,058 | -€54,962 | €304,234 | €18,793 | ▼ 93.8% |
| Financial income75/76B | €1,420 | €1,137 | €724 | €1,849 | - | - |
| Recurring financial income75 | €1,420 | €1,137 | €724 | €1,849 | - | - |
| Financial charges65/66B | €13,755 | €20,332 | €53,344 | €73,887 | €35,180 | ▼ 52.4% |
| Recurring financial charges65 | €13,755 | €20,332 | €53,344 | €73,887 | €35,180 | ▼ 52.4% |
| Profit (loss) for the period before taxes9903 | €80,018 | -€86,253 | -€107,582 | €232,196 | -€16,386 | ▼ 107% |
| Transfer from deferred taxes780 | €3,088 | €4,234 | €4,234 | €4,234 | €4,631 | ▲ 9.4% |
| Income taxes67/77 | €29,866 | -€66 | - | €45,061 | €1,137 | ▼ 97.5% |
| Profit (loss) for the period9904 | €53,240 | -€81,953 | -€103,348 | €191,370 | -€12,892 | ▼ 107% |
| Transfer from tax-exempt reserves789 | €9,264 | €12,703 | €12,703 | €12,703 | €13,893 | ▲ 9.4% |
| Profit (loss) for the period to be appropriated9905 | €62,504 | -€69,250 | -€90,644 | €204,073 | €1,000 | ▼ 99.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.2m | €2.6m | €3.0m | €2.2m | ▼ 26.1% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.7m | €1.5m | €2.2m | ▲ 41.5% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.7m | €1.5m | €2.2m | ▲ 41.5% |
| Land and buildings22 | €1.4m | €1.4m | €1.6m | €1.5m | €2.1m | ▲ 42.0% |
| Plant, machinery and equipment23 | €3,712 | €4,784 | €3,577 | €2,369 | €1,411 | ▼ 40.5% |
| Furniture and vehicles24 | €21,942 | €64,550 | €53,627 | €42,811 | €56,315 | ▲ 31.5% |
| Current assets29/58 | €935,321 | €747,856 | €966,586 | €1.5m | €45,936 | ▼ 96.9% |
| Stocks and contracts in progress3 | €600,000 | €656,253 | €950,662 | €860,641 | - | - |
| Stocks30/36 | €600,000 | €656,253 | €950,662 | €860,641 | - | - |
| Amounts receivable within one year40/41 | €17,255 | €35,480 | €1,045 | €564,462 | €21,765 | ▼ 96.1% |
| Trade receivables40 | €309 | - | - | - | - | - |
| Other amounts receivable41 | €16,946 | €35,480 | €1,045 | €564,462 | €21,765 | ▼ 96.1% |
| Cash at bank and in hand54/58 | €314,800 | €55,210 | €10,531 | €38,770 | €23,721 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | €3,266 | €913 | €4,347 | €3,611 | €450 | ▼ 87.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.2m | €2.6m | €3.0m | €2.2m | ▼ 26.1% |
| Equity10/15 | €838,680 | €756,728 | €653,380 | €844,750 | €831,857 | ▼ 1.5% |
| Contributions10/11 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Capital10 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Issued capital100 | €86,763 | €86,763 | €86,763 | €86,763 | €86,763 | = |
| Reserves13 | €751,918 | €669,965 | €566,617 | €757,987 | €745,094 | ▼ 1.7% |
| Non-distributable reserves130/1 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Legal reserve130 | €8,676 | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Tax-exempt reserves132 | €299,100 | €286,397 | €273,694 | €260,991 | €247,098 | ▼ 5.3% |
| Distributable reserves133 | €444,141 | €374,891 | €284,247 | €488,320 | €489,320 | ▲ 0.2% |
| Provisions and deferred taxes16 | €99,700 | €95,466 | €91,231 | €86,997 | €82,366 | ▼ 5.3% |
| Deferred taxes168 | €99,700 | €95,466 | €91,231 | €86,997 | €82,366 | ▼ 5.3% |
| Amounts payable17/49 | €1.5m | €1.3m | €1.9m | €2.1m | €1.3m | ▼ 37.0% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.1m | €958,472 | €855,481 | ▼ 10.7% |
| Financial debts170/4 | €1.3m | €1.2m | €1.1m | €958,472 | €855,481 | ▼ 10.7% |
| Amounts payable within one year42/48 | €144,816 | €141,056 | €799,392 | €1.0m | €441,331 | ▼ 56.7% |
| Current portion of amounts payable after more than one year42 | €117,817 | €113,580 | €115,290 | €111,671 | €107,855 | ▼ 3.4% |
| Financial debts43 | - | - | €475,000 | €75,000 | €150,000 | ▲ 100% |
| Credit institutions430/8 | - | - | €475,000 | €75,000 | €150,000 | ▲ 100% |
| Trade debts44 | €2,685 | €1,668 | €1,204 | €30,867 | €6,580 | ▼ 78.7% |
| Suppliers440/4 | €2,685 | €1,668 | €1,204 | €30,867 | €6,580 | ▼ 78.7% |
| Taxes, remuneration and social security45 | €4,064 | €868 | - | €38,837 | €957 | ▼ 97.5% |
| Taxes450/3 | €4,064 | €868 | - | €38,837 | €957 | ▼ 97.5% |
| Other amounts payable47/48 | €20,251 | €24,940 | €207,898 | €762,838 | €175,938 | ▼ 76.9% |
| Accrued charges and deferred income492/3 | €1,550 | €4,830 | €6,912 | €94,070 | €9,008 | ▼ 90.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,240 | -€81,953 | -€103,348 | €191,370 | -€12,892 | ▼ 107% |
| + Depreciation and write-downs630 | €70,781 | €66,033 | €69,521 | €69,529 | €88,899 | ▲ 27.9% |
| Operating cash flow (approximation) | €124,021 | -€15,920 | -€33,827 | €260,899 | €76,006 | ▼ 70.9% |
| Investment in fixed assets (approximation) | - | -€53,618 | -€292,545 | €65,973 | -€726,986 | ▼ 1,202% |
| Change in cash | - | -€259,590 | -€44,679 | €28,238 | -€15,049 | ▼ 153% |
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
24-06
State Gazette act
Appointment: Ria Roelandt (non-statutory director)Registered-office move3 facts ▸
State Gazette act
Appointment: Ria Roelandt (non-statutory director)
Registered-office move3 facts ▸
- General meeting, 01-06-2026
- Registered-office move, Bevrijdingslei 9 - 2930 Brasschaat
- Director appointment, Ria Roelandt (non-statutory director)
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €191,370
Net result €191,370 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€103,348
Net result drops to -€103,348, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €166,760
Net result €166,760 after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 5.49
Current ratio from 0.70 to 5.49; short-term debt falls from €314,280 to €155,945.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2024
Ria Roelandt
CurrentNon-statutory director · since 01-12-2024
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
3 of this company's 4 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, Brasschaat · 1 establishment unit since 1995
Ground area
8,356 m²
Building footprint
448 m²
Volume, LiDAR
2,768 m³
Parcel 11322C0009/00G006, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BRASSIMO
since 19952.071.602.670
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322C0009/00G006 | Flanders | 8,356 m² | 1 · 448 m² | 9.7 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
1 person since 2024, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Ria Roelandt |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,371 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
Founded10-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455011756
Also
9925:BE0455011756
Registered
17-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.