BRAVAGO
ActiveBRAVAGO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-101k) and a net result of €-66k. Equity is shrinking by ~74.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
7
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.49 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-346.9%
Return on assets
-228.3%
Age of the figures
11 mo
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€101k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
35 d early
2023
12 d early
2022
2 d early
2021
2 d late
2020
8 d early
2019
93 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-101k▼ 192%
2024 · €-34k
2018: €6k
2019: €17k
2020: €14k
2021: €2k
2022: €9k
2023: €-21k
2024: €-34k
2018 → 2025
Total assets
€29k▼ 40.2%
2024 · €48k
2018: €115k
2019: €84k
2020: €58k
2021: €48k
2022: €37k
2023: €29k
2024: €48k
2018 → 2025
Net result
€-66k▼ 387%
2024 · €-14k
2018: €-6k
2019: €10k
2020: €-2k
2021: €-12k
2022: €7k
2023: €-30k
2024: €-14k
2018 → 2025
Working capital
€-102k▼ 160%
2024 · €-39k
2018: €11k
2019: €8k
2020: €-5k
2021: €19
2022: €-4k
2023: €-29k
2024: €-39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€9k▲ 331%€-21k€-34k▼ 65.3%€-101k▼ 192%
Operating result€-11k-€13k€-29k€-13k▲ 56.0%€-66k▼ 406%
Net result€-12k-€7k€-30k€-14k▲ 54.7%€-66k▼ 387%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66k in 2025 against €13k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€7k▼ 35.4%
Current assets
€22k▼ 41.6%
Key figures and ratios
EBITDA
€-61k▼
2024 · €-8k
Cash flow
€-61k▼
2024 · €-9k
Solvency
-346.9%▼
2024 · -71.0%
Current ratio
0.17▼
2024 · 0.49
Quick ratio
0.17▼
2024 · 0.49
Debt / equity
-1.29▲
2024 · -2.41
ROE
65.8%▲
2024 · 39.5%
ROA
-228.3%▼
2024 · -28.0%
Interest coverage
-966.91▼
2024 · -82.79
Debt
€130k▲
2024 · €83k
Debt ≤ 1 year
€124k▲
2024 · €76k
Debt > 1 year
€6k=
2024 · €6k
Income taxes
€574▲
2024 · €540
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€48k€29k▼
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€3k€1k▼
Financial fixed assets28€99€99=
Current assets29/58€37k€22k▼
Amounts receivable within one year40/41€36k€19k▼
Trade receivables40€16k€10k▼
Other amounts receivable41€19k€9k▼
Cash at bank and in hand54/58€528€2k▲
Deferred charges and accrued income490/1€988€438▼
Equity and liabilities
Total equity and liabilities10/49€48k€29k▼
Equity10/15€-34k€-101k▼
Contributions10/11€19k€19k=
Reserves13€10k€10k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€-64k€-130k▼
Amounts payable17/49€83k€130k▲
Amounts payable after more than one year17€6k€6k=
Financial debts170/4€6k€6k=
Amounts payable within one year42/48€76k€124k▲
Trade debts44€6k€760▼
Suppliers440/4€6k€760▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€2k€1k▼
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€67k€117k▲
Accrued charges and deferred income492/3€897€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-7k€-59k▼
Operating profit (loss)9901€-13k€-66k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€102€63▼
Recurring financial charges65€102€63▼
Profit (loss) for the period before taxes9903€-13k€-66k▼
Income taxes67/77€540€574▲
Profit (loss) for the period9904€-14k€-66k▼
Profit (loss) for the period to be appropriated9905€-14k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-130k▼
Profit (loss) brought forward from the previous period14P€-50k€-64k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zoersel · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mereldreef 162980 ZoerselGround area
2,465 m²
Building footprint
174 m²
Volume, LiDAR
926 m³
Parcel 11017A0006/00A002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mereldreef 16, 2980 Zoersel
since 20012.100.319.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0006/00A002 | Flanders | 2,465 m² | 1 · 174 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BUGBUSTER
BE 0892.148.392
Braine-l'Alleud · Eq €9k
COMMUNITY BUILDERS
BE 0699.832.729
Huldenberg · Eq €9k
IF CONSULTING
BE 0764.501.639
Watermaal-Bosvoorde · Eq €9k
HUMAN EN BITS
BE 0702.766.681
Lede · Eq €9k
BEWEBWISE
BE 0666.602.014
Brussel · Eq €9k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,322. 9,084 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-05-2001
Fiscal year end30-09
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
62900Other information technology and computer services
64200Holdings
64210Activities of holding companies
65231
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
72600
73300Public relations and communication consultancy
74141
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.