Brauer
ActiveSummary
Brauer has been active since 1958 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,174 and a net result of €239. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 37% of 1540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-8
Solvency57▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.64 in 2024; short-term debt: 65% and cash: 0.8% of total assets), but 67.8% 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+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
32.2%
Return on assets
0.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
38 d early
2023
2 d early
2022
7 d early
2021
39 d early
2020
65 d early
2019
63 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 31 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2022 · €0
Total assets
€295,524▲ 16.7%
2024 · €253,192
Net result
€239▼ 93.8%
2024 · €3,849
Working capital
€101,492▲ 3.5%
2024 · €98,027
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€0€0
Operating result€9,421▲ 161%€4,984▼ 47.1%-€5,696€9,187€5,473▼ 40.4%
Net result€5,966▲ 101%€1,671▼ 72.0%-€10,572€3,849€239▼ 93.8%
Equity€99,988▲ 6.3%€101,659▲ 1.7%€91,086▼ 10.4%€94,935▲ 4.2%€95,174▲ 0.3%
Total assets€208,474▼ 1.7%€222,567▲ 6.8%€236,556▲ 6.3%€253,192▲ 7.0%€295,524▲ 16.7%
Debt€108,486▼ 8.2%€120,908▲ 11.5%€145,470▲ 20.3%€158,257▲ 8.8%€200,350▲ 26.6%
Working capital€101,600▲ 4.1%€102,323▲ 0.7%€92,351▼ 9.7%€98,027▲ 6.1%€101,492▲ 3.5%
Staff (FTE)1=1=1.5▲ 50.0%1▼ 33.3%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295,524
Fixed assets
€2,082 ▼ 17.0%
Current assets
€293,442 ▲ 17.1%
Equity and liabilities €295,524
Equity
€95,174 ▲ 0.3%
Debt
€200,350 ▲ 26.6%
Debt's share of the balance-sheet total rises from 62.5% to 67.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,899▼
2024 · €9,614
Cash flow
€665▼
2024 · €4,275
Current ratio
1.53▼
2024 · 1.64
Quick ratio
0.05▼
2024 · 0.07
Debt to equity
2.11▲
2024 · 1.67
ROE
0.3%▼
2024 · 4.1%
ROA
0.1%▼
2024 · 1.5%
Interest coverage
1.16▼
2024 · 1.99
Debt ≤ 1 year
€191,950▲
2024 · €152,657
Income taxes
€141▼
2024 · €511
Staff costs
€43,305▲
2024 · €34,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
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 0.3% 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 16,986 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €273,312 | - | €0 | - |
| Remuneration, social security and pensions62 | - | €26,961 | €37,206 | €34,356 | €43,305 | ▲ 26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €377 | - | €36 | €426 | €426 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €335 | - | - | - |
| Other operating charges640/8 | - | €666 | €676 | €2,453 | €1,161 | ▼ 52.6% |
| Gross operating margin9900 | €23,880 | €32,611 | €32,558 | €46,422 | €50,365 | ▲ 8.5% |
| Operating profit (loss)9901 | €9,421 | €4,984 | -€5,696 | €9,187 | €5,473 | ▼ 40.4% |
| Financial charges65/66B | - | €3,011 | €4,735 | €4,828 | €5,093 | ▲ 5.5% |
| Recurring financial charges65 | €3,342 | €3,011 | €4,735 | €4,828 | €5,093 | ▲ 5.5% |
| Profit (loss) for the period before taxes9903 | €6,079 | €1,972 | -€10,431 | €4,360 | €380 | ▼ 91.3% |
| Income taxes67/77 | €113 | €302 | €142 | €511 | €141 | ▼ 72.3% |
| Profit (loss) for the period9904 | €5,966 | €1,671 | -€10,572 | €3,849 | €239 | ▼ 93.8% |
| Profit (loss) for the period to be appropriated9905 | €5,966 | €1,671 | -€10,572 | €3,849 | €239 | ▼ 93.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,474 | €222,567 | €236,556 | €253,192 | €295,524 | ▲ 16.7% |
| Fixed assets21/28 | €1,692 | €1,692 | €2,935 | €2,509 | €2,082 | ▼ 17.0% |
| Intangible fixed assets21 | €1,239 | €1,239 | €1,239 | €1,239 | €1,239 | = |
| Tangible fixed assets22/27 | €0 | €0 | €1,243 | €816 | €390 | ▼ 52.2% |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | €0 | €1,243 | €816 | €390 | ▼ 52.2% |
| Financial fixed assets28 | €453 | €453 | €453 | €453 | €453 | = |
| Current assets29/58 | €206,782 | €220,875 | €233,621 | €250,684 | €293,442 | ▲ 17.1% |
| Stocks and contracts in progress3 | €194,798 | €205,466 | €217,642 | €239,875 | €283,114 | ▲ 18.0% |
| Stocks30/36 | - | €205,466 | €217,642 | €239,875 | €283,114 | ▲ 18.0% |
| Amounts receivable within one year40/41 | €6,525 | €10,861 | €11,454 | €5,626 | €5,560 | ▼ 1.2% |
| Trade receivables40 | - | €10,861 | €11,454 | €5,552 | €5,560 | ▲ 0.2% |
| Other amounts receivable41 | - | - | - | €74 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €4,240 | €3,721 | €3,112 | €2,979 | €2,309 | ▼ 22.5% |
| Deferred charges and accrued income490/1 | - | €827 | €1,412 | €2,204 | €2,459 | ▲ 11.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,474 | €222,567 | €236,556 | €253,192 | €295,524 | ▲ 16.7% |
| Equity10/15 | €99,988 | €101,659 | €91,086 | €94,935 | €95,174 | ▲ 0.3% |
| Contributions10/11 | - | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €3,718 | €5,389 | €5,389 | €9,238 | €9,238 | = |
| Non-distributable reserves130/1 | - | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Reserves not available under the articles1311 | - | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Distributable reserves133 | - | €1,671 | €1,671 | €5,520 | €5,520 | = |
| Profit (loss) carried forward14 | €59,085 | €59,085 | €48,513 | €48,513 | €48,752 | ▲ 0.5% |
| Amounts payable17/49 | €108,486 | €120,908 | €145,470 | €158,257 | €200,350 | ▲ 26.6% |
| Amounts payable after more than one year17 | €3,304 | €256 | €0 | - | - | - |
| Financial debts170/4 | - | €256 | €0 | - | - | - |
| Amounts payable within one year42/48 | €105,182 | €118,552 | €141,270 | €152,657 | €191,950 | ▲ 25.7% |
| Current portion of amounts payable after more than one year42 | - | €3,048 | €256 | €0 | - | - |
| Financial debts43 | - | €27,083 | €28,577 | €28,776 | €28,047 | ▼ 2.5% |
| Credit institutions430/8 | - | €27,083 | €28,577 | €28,776 | €28,047 | ▼ 2.5% |
| Trade debts44 | €14,687 | €16,109 | €22,376 | €21,942 | €36,767 | ▲ 67.6% |
| Suppliers440/4 | - | €16,109 | €22,376 | €21,942 | €36,767 | ▲ 67.6% |
| Taxes, remuneration and social security45 | - | €6,086 | €6,585 | €9,364 | €11,361 | ▲ 21.3% |
| Taxes450/3 | - | €2,002 | €323 | €471 | €241 | ▼ 48.8% |
| Remuneration and social security454/9 | - | €4,084 | €6,262 | €8,893 | €11,120 | ▲ 25.0% |
| Other amounts payable47/48 | - | €66,226 | €83,476 | €92,576 | €115,776 | ▲ 25.1% |
| Accrued charges and deferred income492/3 | - | €2,100 | €4,200 | €5,600 | €8,400 | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,966 | €1,671 | -€10,572 | €3,849 | €239 | ▼ 93.8% |
| + Depreciation and write-downs630 | €377 | - | €36 | €426 | €426 | = |
| Operating cash flow (approximation) | €6,343 | €1,671 | -€10,536 | €4,275 | €665 | ▼ 84.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,279 | €0 | €0 | - |
| Change in cash | - | -€520 | -€608 | -€133 | -€671 | ▼ 405% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €3,849
Net result €3,849 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€10,572
Net result drops to -€10,572, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €100,000Eq €101,659 ▲1.7%
4 profitable years in a row build equity to €101,659.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €5,966 ▲101%
Operating result €9,421, net result €5,966, both a record.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1958
Ground area
76 m²
Building footprint
76 m²
Volume, LiDAR
1,198 m³
Parcel 21811M1064/00K000, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Kristoffelsstraat 30, 1000 Brussel
since 19582.005.211.021
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1064/00K000 | Brussels | 76 m² | 1 · 76 m² | 18.8 m · 5 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.
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Of 594 companies in sector 59203 we hold annual accounts for 195. 143 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 (pre-2019)
Founded03-07-1958
Fiscal year end30-06
Activities, NACEBEL 2025
47610Retail trade
59203Motion picture, video and television programme production, sound recording and music publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403488722
Also
9925:BE0403488722
Registered
30-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.