BREKAR
ActiveSummary
BREKAR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551,862 and a net result of -€15,045. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 78% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-55
Solvency100▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 4.39 against 1.72 in 2024; short-term debt: 7.1% and cash: 13.1% of total assets), and 19% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
81%
Return on assets
-2.2%
Age of the figures
12 mo
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 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
30 d early
2023
49 d early
2021
39 d early
2020
56 d early
2019
31 d early
2018
54 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 44 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€551,862▼ 2.7%
2024 · €566,907
Total assets
€681,416▼ 27.5%
2024 · €939,602
Net result
-€15,045
2024 · €17,033
Working capital
€163,017▼ 15.2%
2024 · €192,242
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Operating result€90,868▼ 35.9%€174,939▲ 92.5%€84,059-€21,260▼ 74.7%-€42,839
Net result€59,412above the sector's middle half▼ 39.4%€119,920above the sector's middle half▲ 102%€74,909above the sector's middle half-€17,033within the sector's middle half▼ 77.3%-€15,045below the sector's middle half
Equity€655,595above the sector's middle half▲ 10.0%€676,299above the sector's middle half▲ 3.2%€760,401above the sector's middle half-€566,907above the sector's middle half▼ 25.4%€551,862above the sector's middle half▼ 2.7%
Total assets€933,552above the sector's middle half▲ 4.8%€943,091above the sector's middle half▲ 1.0%€967,517above the sector's middle half-€939,602above the sector's middle half▼ 2.9%€681,416above the sector's middle half▼ 27.5%
Debt€234,990▼ 6.6%€223,825▼ 4.8%€164,149-€329,728▲ 101%€86,587▼ 73.7%
Working capital€349,954above the sector's middle half▲ 22.7%€374,476above the sector's middle half▲ 7.0%€462,720above the sector's middle half-€192,242above the sector's middle half▼ 58.5%€163,017above the sector's middle half▼ 15.2%
Solvency70.2%within the sector's middle half▲ 3.3pp71.7%within the sector's middle half▲ 1.5pp78.6%above the sector's middle half-60.3%within the sector's middle half▼ 18.3pp81.0%above the sector's middle half▲ 20.7pp
Current ratio5.02above the sector's middle half▲ 0.604.87above the sector's middle half▼ 0.166.76above the sector's middle half-1.72within the sector's middle half▼ 5.054.39within the sector's middle half▲ 2.68
Return on assets (ROA)6.4%within the sector's middle half▼ 4.6pp12.7%within the sector's middle half▲ 6.4pp7.7%within the sector's middle half-1.8%within the sector's middle half▼ 5.9pp-2.2%below the sector's middle half▼ 4.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42,839 after €21,260 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €681,416
Fixed assets
€470,353 ▼ 1.8%
Current assets
€211,063 ▼ 54.2%
Equity and liabilities €681,416
Equity
€551,862 ▼ 2.7%
Provisions
€42,967 =
Debt
€86,587 ▼ 73.7%
Debt's share of the balance-sheet total falls from 35.1% to 12.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€19,525▼
2024 · €43,583
Cash flow
€8,268▼
2024 · €39,355
Debt to equity
0.16▼
2024 · 0.58
ROE
-2.7%▼
2024 · 3.0%
Interest coverage
-7.70▼
2024 · 17.13
Debt ≤ 1 year
€48,046▼
2024 · €268,254
Debt > 1 year
€38,542▼
2024 · €61,474
Staff costs
€387▼
2024 · €960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 2,688 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 | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €868 | €960 | €387 | ▼ 59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,677 | €24,824 | €22,781 | €22,323 | €23,313 | ▲ 4.4% |
| Other operating charges640/8 | - | - | €6,616 | €13,589 | €4,379 | ▼ 67.8% |
| Gross operating margin9900 | €120,618 | €203,957 | €114,325 | €58,132 | -€14,760 | ▼ 125% |
| Operating profit (loss)9901 | €90,868 | €174,939 | €84,059 | €21,260 | -€42,839 | ▼ 302% |
| Financial income75/76B | - | - | €24,557 | €4,704 | €30,328 | ▲ 545% |
| Recurring financial income75 | €28 | - | €7,582 | €1,600 | €2,848 | ▲ 78.0% |
| Non-recurring financial income76B | - | - | €16,975 | €3,104 | €27,480 | ▲ 785% |
| Financial charges65/66B | - | - | €3,042 | €2,544 | €2,534 | ▼ 0.4% |
| Recurring financial charges65 | €4,651 | €4,024 | €3,042 | €2,544 | €2,534 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | €86,244 | €172,649 | €105,574 | €23,420 | -€15,045 | ▼ 164% |
| Income taxes67/77 | €26,832 | €52,730 | €30,664 | €6,387 | - | - |
| Profit (loss) for the period9904 | €59,412 | €119,920 | €74,909 | €17,033 | -€15,045 | ▼ 188% |
| Profit (loss) for the period to be appropriated9905 | €59,412 | €119,920 | €74,909 | €17,033 | -€15,045 | ▼ 188% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €933,552 | €943,091 | €967,517 | €939,602 | €681,416 | ▼ 27.5% |
| Fixed assets21/28 | €496,623 | €471,799 | €424,502 | €479,106 | €470,353 | ▼ 1.8% |
| Tangible fixed assets22/27 | €496,623 | €471,799 | €424,502 | €479,106 | €470,353 | ▼ 1.8% |
| Land and buildings22 | - | - | €423,580 | €477,447 | €455,418 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | €738 | - | - |
| Furniture and vehicles24 | - | - | - | - | €14,013 | - |
| Other tangible fixed assets26 | - | - | €921 | €921 | €921 | = |
| Current assets29/58 | €436,929 | €471,292 | €543,015 | €460,496 | €211,063 | ▼ 54.2% |
| Amounts receivable within one year40/41 | €1,241 | €316,165 | €471,746 | €307,337 | €1,241 | ▼ 99.6% |
| Trade receivables40 | - | - | €10,619 | €1,241 | €1,241 | = |
| Other amounts receivable41 | - | - | €461,127 | €306,095 | - | - |
| Current investments50/53 | - | - | - | - | €120,000 | - |
| Cash at bank and in hand54/58 | €435,687 | €155,126 | €71,270 | €153,159 | €88,994 | ▼ 41.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €828 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €933,552 | €943,091 | €967,517 | €939,602 | €681,416 | ▼ 27.5% |
| Equity10/15 | €655,595 | €676,299 | €760,401 | €566,907 | €551,862 | ▼ 2.7% |
| Contributions10/11 | €12,400 | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €643,088 | €663,791 | €747,894 | €554,400 | €554,400 | = |
| Non-distributable reserves130/1 | - | - | €12,471 | €12,471 | €12,471 | = |
| Reserves not available under the articles1311 | - | - | €12,471 | €12,471 | €12,471 | = |
| Distributable reserves133 | - | - | €735,422 | €541,928 | €541,928 | = |
| Profit (loss) carried forward14 | €107 | €107 | €107 | €107 | -€14,938 | ▼ 13,997% |
| Provisions and deferred taxes16 | €42,967 | €42,967 | €42,967 | €42,967 | €42,967 | = |
| Provisions for liabilities and charges160/5 | - | - | €42,967 | €42,967 | €42,967 | = |
| Pensions and similar obligations160 | - | - | €42,967 | €42,967 | €42,967 | = |
| Amounts payable17/49 | €234,990 | €223,825 | €164,149 | €329,728 | €86,587 | ▼ 73.7% |
| Amounts payable after more than one year17 | €148,016 | €127,010 | €83,854 | €61,474 | €38,542 | ▼ 37.3% |
| Financial debts170/4 | - | - | €80,776 | €58,396 | €35,464 | ▼ 39.3% |
| Other amounts payable178/9 | - | - | €3,078 | €3,078 | €3,078 | = |
| Amounts payable within one year42/48 | €86,974 | €96,815 | €80,295 | €268,254 | €48,046 | ▼ 82.1% |
| Current portion of amounts payable after more than one year42 | - | - | €21,841 | €22,380 | €22,932 | ▲ 2.5% |
| Trade debts44 | €862 | €1,273 | €3,729 | €412 | €65 | ▼ 84.3% |
| Suppliers440/4 | - | - | €3,729 | €412 | €65 | ▼ 84.3% |
| Taxes, remuneration and social security45 | - | - | €31,811 | €19,683 | €2,088 | ▼ 89.4% |
| Taxes450/3 | - | - | €30,791 | €17,046 | €2,088 | ▼ 87.8% |
| Remuneration and social security454/9 | - | - | €1,021 | €2,638 | - | - |
| Other amounts payable47/48 | - | - | €22,913 | €225,779 | €22,961 | ▼ 89.8% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,412 | €119,920 | €74,909 | €17,033 | -€15,045 | ▼ 188% |
| + Depreciation and write-downs630 | €25,677 | €24,824 | €22,781 | €22,323 | €23,313 | ▲ 4.4% |
| Operating cash flow (approximation) | €85,089 | €144,743 | €97,691 | €39,355 | €8,268 | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | €0 | - | -€76,927 | -€14,560 | ▲ 81.1% |
| Change in cash | - | -€280,561 | - | €81,890 | -€64,166 | ▼ 178% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€15,045
Net result drops to -€15,045, the lowest in the series.
30-09
Financial
Liquidity triplescurrent ratio 4.39
Current ratio from 1.72 to 4.39; short-term debt falls from €268,254 to €48,046.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €119,920 ▲102%
Net result €119,920, the highest in the series.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €500,000Eq €596,183 ▲19.7%
2 profitable years in a row build equity to €596,183.
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Aartselaar · 1 establishment unit since 2010
Ground area
5,108 m²
Building footprint
505 m²
Volume, LiDAR
3,808 m³
2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Brekar
since 20102.192.051.530
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0162/00D004 | Flanders | 3,365 m² | 1 · 211 m² | 11.0 m · 3 fl. |
| 11001B0288/00V000 | Flanders | 1,744 m² | 1 · 294 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ARNINE
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 33,887 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
Founded06-09-2010
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73300Public relations and communication consultancy
Contact
E-mail
karen.dewolf@skynet.beAartselaar
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829119475
Also
9925:BE0829119475
Registered
06-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.