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BRECODE

Active Private limited companyfounded 2018active for 8 yearsBoezingestraat 80, 8920 Langemark-PoelkapelleKBO/BCE: BE 0707.581.445 subsidiary of
BRECODE
Financial year 2024
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Annual accounts 2024

abbreviated format, filed on 09-10-2025, 70 days late

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 14 November 2026.

€23,767
▲ 79.5%
€8,675
▲ 129%
-€53,713
▼ €24,589
-€165,984
▼ €90,428
-105.2%
▼ 57.6 percentage points
0.19
▼ 0.34

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €170,000. Estimated: probably between €68,000 and €440,000.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €102,141 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-105.2%

Lower than 95% of 261 companies in 2024.

0.19

Lower than 95% of 258 companies in 2024.

-52.6%

Lower than 95% of 260 companies in 2024.

BRECODE Middle half of the sector 80% of the sector Abbreviated accounts in travel agencies (NACE 79)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202420232022202120202019
Balance sheet: assets
20/58 102,141112,86777,08363,80630,88911,073
21/28 61,99325,27827,89024,55917,251161
21 52,7286,9618,9616,000--
22/27 9,26518,31718,92918,39817,090-
23 5,0725,8333,1421,177--
24 4,19312,48515,78717,22117,090-
28 --0161161161
29/58 40,14887,58949,19339,24713,63810,912
40/41 19,12024,4693,82614,1805,5014,138
40 19,12023,1392,92513,4834,1923,091
41 01,3319016961,3091,047
54/58 20,41761,72544,46023,6086,7926,774
490/1 6111,3959071,4591,345-
Balance sheet: equity and liabilities
10/49 102,141112,86777,08363,80630,88911,073
10/15 -107,461-53,748-24,6241,662-1,6007,125
10/11 21,00021,00021,00021,00021,00021,000
100 -----21,000
14 -128,461-74,748-45,624-19,338-22,600-13,875
17/49 209,602166,615101,70762,14332,4893,948
17 3,4703,47015,00015,00015,000-
170/4 3,4703,47015,00015,00015,000-
42/48 206,132163,14586,70746,93717,4893,948
44 191,994113,66158,72639,5556893,532
440/4 191,994113,66158,72639,5556893,532
46 031,20512,689---
45 1,20961248011044-
450/3 1,20961248011044-
47/48 12,92917,66714,8127,27216,756416
492/3 --0206--
Income statement
9900 23,76713,243-15,6716,897-7,425-13,061
630 10,8227,0944,7472,705--
640/8 4,2702,3661,6701,6161,020647
9901 8,6753,782-22,0882,576-8,445-13,707
75/76B 2,5065875,1404,970221
75 2,5035875,1404,970221
76B 3-----
65/66B 64,71333,3549,2104,175257169
65 64,71333,3549,2104,175257169
9903 -53,532-28,985-26,1593,372-8,680-13,875
67/77 18113912811044-
9904 -53,713-29,124-26,2863,262-8,725-13,875
9905 -53,713-29,124-26,2863,262-8,725-13,875
Appropriation of the result
9906 -128,461-74,748-45,624-19,338-22,600-13,875
14P -74,748-45,624-19,338-22,600--
Social balance sheet
9087 0-----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 09-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 abbreviated format 09-10-2025 2025-00536830 PDF
31-12-2023 micro format 07-10-2024 2024-00496256 PDF
31-12-2022 micro format 06-10-2023 2023-00474215 PDF
31-12-2021 micro format 21-09-2022 2022-20432515 PDF
31-12-2020 micro format 30-08-2021 2021-55900590 PDF
31-12-2019 micro format 25-10-2020 2020-65200071 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202420232022202120202019
19,49810,877-17,3425,281--
-42,891-22,030-21,5405,967--
52,5284,4828,23910,01317,090161
-41,30917,26520,85216,81618-
-165,984-75,556-37,514-7,690-3,8516,964
-105.2%-47.6%-31.9%2.6%-5.2%64.3%
0.190.540.570.840.782.76
---37.39-0.55
---196.2%--194.7%
-52.6%-25.8%-34.1%5.1%-28.2%-125.3%
0.300.33-1.881.27--

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€2,203€4,482€4,239€4,013
Intangible fixed assets€50,325-€4,000€6,000
€10,822€7,094€4,747€2,705

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on BRECODE

The operating result for 2024 is 129% higher than in 2023 and the highest since 2019. It is the second rise in a row, after the fall in 2022.

Equity is negative. Debt (€209,602) exceeds the balance-sheet total (€102,141).

Next steps

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