BRAVENE
ActiveSummary
BRAVENE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157,732 and a net result of €6,261. Equity is shrinking by ~5.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €5,420 in 2025 against €12,435 in 2024; the loss shrinks.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 10,905 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,259 | €8,516 | €1,047 | €7,828 | €7,994 | €8,077 | €8,077 | €7,911 | ▼ 2.1% |
| Other operating charges640/8 | - | - | - | €130 | €911 | €715 | €3,002 | €294 | ▼ 90.2% |
| Gross operating margin9900 | €30,054 | €59,812 | €33,052 | €66,958 | €659 | -€9,949 | -€1,355 | €2,786 | ▲ 306% |
| Operating profit (loss)9901 | €21,374 | €50,866 | €31,750 | €59,000 | -€8,246 | -€18,741 | -€12,435 | -€5,420 | ▲ 56.4% |
| Financial income75/76B | - | - | - | €1,743 | €1,689 | €6,103 | €1,205 | €12,735 | ▲ 957% |
| Recurring financial income75 | €1,740 | €1,484 | €1,569 | €1,743 | €1,689 | €6,103 | €1,205 | €12,735 | ▲ 957% |
| Financial charges65/66B | - | - | - | €715 | €556 | €541 | €639 | €791 | ▲ 23.8% |
| Recurring financial charges65 | €357 | €484 | €912 | €715 | €556 | €541 | €639 | €791 | ▲ 23.8% |
| Profit (loss) for the period before taxes9903 | €22,757 | €51,867 | €32,407 | €60,028 | -€7,113 | -€13,179 | -€11,868 | €6,525 | ▲ 155% |
| Income taxes67/77 | €7,254 | €13,062 | €10,327 | €20,971 | €218 | €224 | €217 | €264 | ▲ 21.6% |
| Profit (loss) for the period9904 | €15,503 | €38,805 | €22,080 | €39,058 | -€7,332 | -€13,403 | -€12,085 | €6,261 | ▲ 152% |
| Profit (loss) for the period to be appropriated9905 | €15,503 | €38,805 | €22,080 | €39,058 | -€7,332 | -€13,403 | -€12,085 | €6,261 | ▲ 152% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €214,671 | €246,457 | €266,607 | €241,061 | €215,024 | €197,710 | €172,138 | €164,498 | ▼ 4.4% |
| Fixed assets21/28 | €19,788 | €12,572 | €11,525 | €37,603 | €32,308 | €24,231 | €16,153 | €8,242 | ▼ 49.0% |
| Tangible fixed assets22/27 | €19,788 | €12,572 | €11,525 | €37,603 | €32,308 | €24,231 | €16,153 | €8,242 | ▼ 49.0% |
| Plant, machinery and equipment23 | - | - | - | €6,802 | €5,756 | €4,709 | €3,663 | €2,616 | ▼ 28.6% |
| Furniture and vehicles24 | - | - | - | €30,801 | €26,552 | €19,521 | €12,490 | €5,626 | ▼ 55.0% |
| Current assets29/58 | €194,883 | €233,886 | €255,082 | €203,458 | €182,716 | €173,479 | €155,984 | €156,255 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €5,049 | €2,328 | €1,030 | - | €5,105 | €3,290 | €8,492 | €12,232 | ▲ 44.0% |
| Other amounts receivable41 | - | - | - | - | €5,105 | €3,290 | €8,492 | €12,232 | ▲ 44.0% |
| Current investments50/53 | €42,392 | €42,392 | €43,075 | €43,075 | €43,075 | €43,075 | €116,318 | €116,987 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €146,963 | €188,555 | €210,133 | €141,221 | €127,201 | €116,093 | €17,929 | €16,751 | ▼ 6.6% |
| Deferred charges and accrued income490/1 | - | - | - | €19,162 | €7,335 | €11,022 | €13,246 | €10,285 | ▼ 22.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €214,671 | €246,457 | €266,607 | €241,061 | €215,024 | €197,710 | €172,138 | €164,498 | ▼ 4.4% |
| Equity10/15 | €203,349 | €236,153 | €175,233 | €214,291 | €206,959 | €183,556 | €171,471 | €157,732 | ▼ 8.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €98,860 | €118,860 | €61,860 | €100,860 | €100,860 | €90,860 | €90,860 | €70,860 | ▼ 22.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €99,000 | €99,000 | €90,860 | €90,860 | €70,860 | ▼ 22.0% |
| Profit (loss) carried forward14 | €92,089 | €104,893 | €100,973 | €101,031 | €93,699 | €80,296 | €68,211 | €74,472 | ▲ 9.2% |
| Amounts payable17/49 | €11,323 | €10,304 | €91,374 | €26,770 | €8,065 | €14,154 | €667 | €6,766 | ▲ 915% |
| Amounts payable within one year42/48 | €11,323 | €10,304 | €91,374 | €26,770 | €8,065 | €14,154 | €667 | €6,766 | ▲ 915% |
| Trade debts44 | €3,229 | €824 | €486 | €2,359 | €2,615 | €1,721 | €600 | €766 | ▲ 27.6% |
| Suppliers440/4 | - | - | - | €2,359 | €2,615 | €1,721 | €600 | €766 | ▲ 27.6% |
| Taxes, remuneration and social security45 | - | - | - | €16,411 | - | - | €66 | €6,000 | ▲ 8,946% |
| Taxes450/3 | - | - | - | €16,411 | - | - | €66 | €6,000 | ▲ 8,946% |
| Other amounts payable47/48 | - | - | - | €8,000 | €5,449 | €12,433 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,503 | €38,805 | €22,080 | €39,058 | -€7,332 | -€13,403 | -€12,085 | €6,261 | ▲ 152% |
| + Depreciation and write-downs630 | €8,259 | €8,516 | €1,047 | €7,828 | €7,994 | €8,077 | €8,077 | €7,911 | ▼ 2.1% |
| Operating cash flow (approximation) | €23,762 | €47,321 | €23,126 | €46,886 | €662 | -€5,326 | -€4,008 | €14,172 | ▲ 454% |
| Investment in fixed assets (approximation) | - | -€1,300 | €0 | -€33,906 | -€2,699 | €0 | €0 | €0 | - |
| Change in cash | - | €41,591 | €21,578 | -€68,912 | -€14,020 | -€11,108 | -€98,164 | -€1,178 | ▲ 98.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.