BRDB (0881.300.527): annual accounts, directors and company register

BRDB

Watermael-Boitsfort ·KBO/BCE: BE 0881.300.527

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

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%

Company	Turnover	EBIT margin	Solvency	Staff
BRDB Watermael-Boitsfort	€40,537	-	1.9%	-
SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON Ottignies-Louvain-la-Neuve	€54,082	-	97.2%	1.8
OSSEHOEVE Merksplas	€98,877	6.3%	91.5%	2
PAUL LAROCK Pronéservim Namur	€82,172	-11.4%	22.1%	0
JUNIM - HANDELMAATSCHAPPIJ Hasselt	€124,908	57.0%	98.7%	-
RUMST LOGISTICS II Ixelles	-	-	87.7%	-
VICTOR ESTATES Auderghem	-	-	-11.0%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	7.4m	6.0m	3.7m	1.1m	1.1m	1.1m	1.3m	1.3m	890,916	1.3m	400,690	410,155	428,141	436,670	467,396	452,372	497,600	649,794	807,515
Fixed assets`21/28`	614,638	637,776	591,803	587,258	604,349	616,957	633,631	650,306	7,000	14,000	20,999	27,999	-	-	317	3,925	7,002	90,352	93,687
Tangible fixed assets`22/27`	614,638	637,776	591,803	587,258	604,349	616,957	633,631	650,306	7,000	14,000	20,999	27,999	-	-	317	3,925	7,002	90,352	93,687
Land and buildings`22`	614,638	637,776	591,803	587,258	604,349	616,957	633,631	650,306	-	-	-	-	-	-	-	-	-	-	-
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	7,000	14,000	20,999	27,999	0	0	317	3,925	7,002	10,352	13,687
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,000	80,000
Current assets`29/58`	6.8m	5.4m	3.1m	520,801	502,093	518,783	639,699	653,343	883,916	1.3m	379,691	382,156	428,141	436,670	467,079	448,447	490,597	559,442	713,828
Stocks and contracts in progress`3`	5.8m	4.4m	2.1m	-	-	-	-	-	165,462	1.2m	-	-	-	-	-	-	-	-	-
Stocks`30/36`	5.8m	4.4m	2.1m	-	-	-	-	-	165,462	1.2m	-	-	-	-	-	-	-	-	-
Property held for sale`35`	5.8m	4.4m	2.1m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	56,686	3,444	3,272	-	168	-	-	118,282	26,200	3,677	8,457	4,540	29,312	328,145	356,074	308,329	387,692	409,694	449,424
Trade receivables`40`	3,687	3,444	3,272	-	168	-	-	118,282	26,200	3,677	4,648	798	11,161	287,458	286,728	254,100	254,100	193,350	69,745
Other amounts receivable`41`	52,999	-	-	-	-	-	-	-	-	-	3,808	3,741	18,151	40,687	69,346	54,229	133,592	216,344	379,679
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,506	50,555	12,150	67,900	207,051
Cash at bank and in hand`54/58`	864,893	1.0m	994,637	520,801	501,379	518,783	639,137	534,267	691,371	117,062	371,234	377,206	398,829	19,443	419	481	1,674	2,623	5,188
Deferred charges and accrued income`490/1`	130,126	632	-	-	546	-	562	795	883	-	-	410	0	89,081	89,081	89,081	89,081	79,225	52,164
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	7.4m	6.0m	3.7m	1.1m	1.1m	1.1m	1.3m	1.3m	890,916	1.3m	400,690	410,155	428,141	436,670	467,396	452,372	497,600	649,794	807,515
Equity`10/15`	140,379	218,920	413,408	505,940	575,929	622,066	758,059	840,694	836,610	345,616	397,665	409,938	428,026	430,965	442,211	228,433	353,113	525,647	760,917
Contributions`10/11`	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.0m	1.0m	1.0m	1.0m
Capital`10`	1.2m	1.2m	1.2m	1.2m	1.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.0m	1.0m	1.0m	1.0m
Profit (loss) carried forward`14`	-1.1m	-1.0m	-824,692	-732,160	-662,171	-616,034	-480,041	-397,406	-401,490	-892,484	-840,435	-828,162	-810,074	-807,135	-795,889	-800,567	-675,887	-503,353	-268,083
Amounts payable`17/49`	7.3m	5.8m	3.3m	602,119	530,513	513,674	515,271	462,955	54,306	960,769	3,025	217	114	5,704	25,184	223,939	144,487	124,147	46,598
Amounts payable after more than one year`17`	359,275	389,275	4,275	464,275	464,275	464,275	460,000	460,000	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	355,000	385,000	-	460,000	460,000	460,000	460,000	460,000	-	-	-	-	-	-	-	-	-	-	-
Credit institutions`173`	355,000	385,000	-	460,000	460,000	460,000	460,000	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`178/9`	4,275	4,275	4,275	4,275	4,275	4,275	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	6.9m	5.4m	3.3m	137,844	66,238	49,399	55,271	2,747	54,306	960,769	3,025	114	114	5,704	25,184	223,939	130,087	120,547	46,598
Current portion of amounts payable after more than one year`42`	3.9m	30,000	445,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`43`	-	-	22,198	-	-	-	-	-	-	857,500	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	22,198	-	-	-	-	-	-	857,500	-	-	-	-	-	-	-	-	-
Trade debts`44`	312,296	264,050	201,233	137,653	66,047	49,208	55,080	2,556	4,306	3,150	3,025	114	114	4,954	-	85,078	105,444	90,728	21,955
Suppliers`440/4`	312,296	264,050	201,233	137,653	66,047	49,208	55,080	2,556	4,306	3,150	3,025	114	114	4,954	-	85,078	105,444	90,728	21,955
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	100,000	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	119	-	-	-	-	-	-	-	-	-
Taxes`450/3`	-	-	-	-	-	-	-	-	-	119	-	-	0	0	-	-	-	-	-
Other amounts payable`47/48`	2.8m	5.1m	2.6m	191	191	191	191	191	50,000	-	-	-	0	750	25,184	138,861	24,642	29,820	24,642
Accrued charges and deferred income`492/3`	3,427	3,353	3,237	-	-	-	-	208	-	-	-	103	-	-	-	-	14,400	3,600	-
Income statement
Operating income`70/76A`	40,734	39,280	35,199	29,779	31,392	32,073	43,167	-	-	-	-	-	-	-	-	-	-	-	-
Turnover`70`	40,537	39,280	35,199	29,779	31,392	30,680	31,392	-	-	3,677	-	-	-	-	-	-	-	-	-
Other operating income`74`	197	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	2,328	-	114	-	750	-	24,864	-	-	-	-
Gross operating margin`9900`	-	-	-	-	-	-	-	39,923	512,157	-38,997	-4,730	-8,760	-9,232	-10,819	-5,032	-119,388	-180,485	-263,306	-319,424
Operating charges`60/66A`	142,363	125,115	102,382	91,821	69,721	158,899	117,789	-	-	-	-	-	-	-	-	-	-	-	-
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	42,674	-	-	-	-	-	-	-	-	-
Purchases`600/8`	-	2.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in stocks: decrease (increase)`609`	-	-2.2m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Services and other goods`61`	115,194	87,058	79,669	71,257	49,530	139,263	97,608	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	23,139	34,120	18,874	17,092	16,781	16,675	16,675	23,674	7,000	7,000	7,000	7,000	0	317	3,609	4,027	5,209	4,589	4,171
Other operating charges`640/8`	4,030	3,937	3,839	3,472	3,410	2,962	3,506	5,133	1,620	1,228	662	2,413	639	89	339	603	357	257	925
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	273	280	-	-	10,938	-	-	-	-
Operating profit (loss)`9901`	-101,629	-85,835	-67,183	-62,042	-38,329	-126,827	-74,622	11,116	503,538	-47,225	-12,392	-18,173	-9,871	-11,224	-8,980	-124,018	-186,050	-268,152	-324,520
Financial income`75/76B`	1	-	-	-	19	-	-	0	1	-	326	654	6,840	679	450	778	14,427	33,702	68,762
Recurring financial income`75`	1	-	-	-	19	-	-	0	1	-	326	654	6,840	679	450	778	14,427	33,702	68,762
Other financial income`752/9`	1	-	-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	29,912	108,653	25,349	7,947	7,651	8,752	8,014	6,557	12,545	4,824	49	289	659	701	718	1,438	910	819	12,325
Recurring financial charges`65`	29,912	108,653	25,349	7,947	7,651	8,752	8,014	6,557	12,545	4,824	49	289	659	701	718	1,438	910	819	12,325
Debt charges`650`	28,291	107,262	24,115	6,815	6,693	8,220	7,280	-	-	-	-	-	-	-	-	-	-	-	-
Other financial charges`652/9`	1,621	1,391	1,234	1,132	958	531	734	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-131,540	-194,488	-92,532	-69,989	-45,961	-135,578	-82,635	4,560	490,994	-52,049	-12,273	-18,088	-2,939	-11,246	4,678	-124,677	-172,534	-235,270	-268,083
Income taxes`67/77`	-52,999	-	-	-	176	414	-	475	-	-	-	-	-	-	0	2	-	-	-
Taxes`670/3`	-	-	-	-	176	414	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax adjustments and reversals of tax provisions`77`	52,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	-78,541	-194,488	-92,532	-69,989	-46,137	-135,993	-82,635	4,084	490,994	-52,049	-12,273	-18,088	-2,939	-11,246	4,678	-124,680	-172,534	-235,270	-268,083
Profit (loss) for the period to be appropriated`9905`	-78,541	-194,488	-92,532	-69,989	-46,137	-135,993	-82,635	4,084	490,994	-52,049	-12,273	-18,088	-2,939	-11,246	4,678	-124,680	-172,534	-235,270	-268,083
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.1m	-1.0m	-824,692	-732,160	-662,171	-616,034	-480,041	-397,406	-401,490	-892,484	-840,435	-828,162	-810,074	-807,135	-795,889	-800,567	-675,887	-503,353	-268,083
Profit (loss) brought forward from the previous period`14P`	-1.0m	-824,692	-732,160	-662,171	-616,034	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	29-06-2026	2026-00262920	PDF
31-12-2024	full format	30-06-2025	2025-00240054	PDF
31-12-2023	full format	14-06-2024	2024-00138964	PDF
31-12-2022	full format	14-07-2023	2023-00256456	PDF
31-12-2021	full format	15-06-2022	2022-20127505	PDF
31-12-2020	full format	10-06-2021	2021-19800079	PDF
31-12-2019	full format	18-06-2020	2020-19700124	PDF
31-12-2018	full format	03-07-2019	2019-30600354	PDF
31-12-2017	full format	06-09-2018	2018-62800231	PDF
31-12-2016	full format	28-09-2017	2017-66500572	PDF
31-12-2015	full format	12-10-2016	2016-65600005	PDF
31-12-2014	full format	23-09-2015	2015-59800364	PDF
31-12-2013	full format	24-09-2014	2014-59600316	PDF
31-12-2012	full format	09-09-2013	2013-57800230	PDF
31-12-2011	full format	19-09-2012	2012-56900531	PDF
31-12-2010	full format	13-09-2011	2011-54500404	PDF
31-12-2009	full format	18-11-2010	2010-61100442	PDF
31-12-2008	full format	31-08-2009	2009-67500299	PDF
31-12-2007	full format	28-08-2008	2008-63200254	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	-78,490	-51,715	-48,309	-44,950	-21,548	-110,152	-57,947	34,790	510,538	-40,225	-5,392	-11,173	-9,871	-10,908	-5,371	-119,991	-180,842	-263,563	-320,349
Cash flow	-55,402	-160,368	-73,658	-52,897	-29,356	-119,318	-65,961	27,758	497,994	-45,049	-5,273	-11,088	-2,939	-10,929	8,287	-120,653	-167,326	-230,681	-263,912
Investment in fixed assets (approximation)	1	80,093	23,419	1	4,173	0	0	666,980	0	0	0	34,999	0	0	0	950	1,859	1,255	97,858
Change in cash	-136,398	6,654	473,836	19,422	-17,404	-120,354	104,870	-157,105	574,309	-254,172	-5,972	-21,623	379,385	19,025	-63	-1,193	-949	-2,566	-
Working capital	-111,557	-26,228	-170,883	382,957	435,855	469,385	584,428	650,596	829,610	331,616	376,666	382,042	428,026	430,965	441,895	224,508	360,510	438,895	667,230
Solvency	1.9%	3.6%	11.1%	45.7%	52.1%	54.8%	59.5%	64.5%	93.9%	26.5%	99.2%	99.9%	100.0%	98.7%	94.6%	50.5%	71.0%	80.9%	94.2%
Current ratio	0.98	1.00	0.95	3.78	7.58	10.50	11.57	-	16.28	1.35	-	-	-	76.55	18.55	2.00	3.77	4.64	15.32
Quick ratio	0.15	0.19	0.30	3.78	7.58	10.50	11.57	-	13.23	0.13	-	-	-	76.55	18.55	2.00	3.77	4.64	15.32
Debt to equity	51.88	26.40	7.98	1.19	0.92	0.83	0.68	0.55	0.06	2.78	0.01	0.00	0.00	0.01	0.06	0.98	0.41	0.24	0.06
ROE	-55.9%	-88.8%	-22.4%	-13.8%	-8.0%	-21.9%	-10.9%	0.5%	58.7%	-15.1%	-3.1%	-4.4%	-0.7%	-2.6%	1.1%	-54.6%	-48.9%	-44.8%	-35.2%
ROA	-1.1%	-3.2%	-2.5%	-6.3%	-4.2%	-12.0%	-6.5%	0.3%	55.1%	-4.0%	-3.1%	-4.4%	-0.7%	-2.6%	1.0%	-27.6%	-34.7%	-36.2%	-33.2%
Interest coverage	-2.77	-0.48	-2.00	-6.60	-3.22	-13.40	-7.96	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	33 days	32 days	34 days	-	2 days	-	-	-	-	365 days	-	-	-	-	-	-	-	-	-
Supplier credit	990 days	1107 days	922 days	705 days	487 days	129 days	206 days	-	-	27 days	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€4.2m	€415,000	€445,000	€460,000	€460,000
Mortgages, amount registered	€25,000	€25,000	€25,000	€25,000	€25,000
Mortgage mandates	€4.2m	€390,000	€410,000	€435,000	€435,000
Carrying value of the mortgaged assets	€614,638	€637,776	€591,803	€587,258	€604,349

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€80,093	€23,419	-	€4,173
Depreciation and write-downs of the year	€23,139	€34,120	€18,874	€17,092	€16,781

MSD BELGIUM registered office since 05-07-2010 · founded in 1969	172 FTE (2025) 0406.820.770
Unibra registered office since 01-02-1960 · founded in 1968	turnover €3.7m (2025) 0402.833.179
UNIBRA REAL ESTATE registered office since 01-12-2015 · founded in 2013 · group Unibra	turnover €2.2m (2025) 0515.992.488
MSD Europe Belgium registered office since 19-06-2023 · founded in 2023	158 FTE (2025) 0802.868.505
Zubisko Trading registered office since 21-12-2021 · founded in 2021	total assets €54.9m (2025) 0779.437.956
EPAM Systems Belgium registered office since 28-12-1998 · founded in 1998	turnover €2.9m (2025) 0464.812.221
MSD Animal Health registered office since 03-02-2000 · founded in 1994	55 FTE (2025) 0453.699.385
STEUNFONDS MARGUERITE-MARIE DELACROIX registered office since 26-05-1988 · founded in 1988	total assets €49.7m (2025) 0436.540.877
SL BELGIUM establishment since 11-03-2025 · founded in 2010	34 FTE (2025) 0831.920.104
AVILO CAPITAL establishment since 15-05-2009 · founded in 2009 · accounts filed late	total assets €32.5m (2024) 0811.754.990

Triomphe 174 via THALES MANAGEMENT (at BRDB, last mentioned in 2023) and Christophe Boving (at BRDB until 2023) · Class A director · deeds of 22-07-2026 and 31-01-2022 founded in 1992 · negative equity (2025) · group Unibra	turnover €1.5m (2025)
CHAIRISA via THALES MANAGEMENT, at BRDB, last mentioned in 2023 · Director · deed of 24-07-2026 founded in 1990 · negative equity (2025)	total assets €125,624 (2025)

Overview

Lifetime

Key points

Equity

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Debts

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At the same address

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Score breakdown

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Companies linked to BRDB

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Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin €m

Position in the sector

Solvency1.9%

Current ratio0.98

Return on assets-1.1%

Filed annual accounts

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Auditor

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Board

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Belgium 12 Year Equity Result

Europe 5 Year Equity Result

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