BRELEC
ActiveSummary
BRELEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,702 and a net result of -€1,960. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-15
Solvency37▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.71 in 2024; short-term debt: 7.4% and cash: 0.2% of total assets), and 88.3% of the assets are financed with debt.
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Signals
Five 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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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
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
11.7%
Return on assets
-0.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 3505 sector peers (2025).
NBB · sector comparisonPosition among 3505 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
44 d early
2023
7 d early
2022
25 d early
2021
77 d early
2020
3 d early
2019
1 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 26 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€150,702▼ 1.3%
2024 · €152,663
Total assets
€1.3m▼ 3.4%
2024 · €1.3m
Net result
-€1,960
2024 · €39,016
Working capital
€18,625▼ 71.1%
2024 · €64,436
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,462€18,671▼ 13.0%€26,675▲ 42.9%€97,353▲ 265%€39,453▼ 59.5%
Net result€11,800€6,366▼ 46.1%€1,747▼ 72.6%€39,016▲ 2,133%-€1,960
Equity€105,534▲ 12.6%€111,900▲ 6.0%€113,647▲ 1.6%€152,663▲ 34.3%€150,702▼ 1.3%
Total assets€630,945▼ 8.4%€1.4m▲ 129%€1.4m▼ 3.7%€1.3m▼ 3.7%€1.3m▼ 3.4%
Debt€525,411▼ 11.7%€1.3m▲ 154%€1.3m▼ 4.1%€1.2m▼ 8.2%€1.1m▼ 3.7%
Working capital-€158,408▲ 11.2%-€120,656▲ 23.8%-€399,649▼ 231%€64,436€18,625▼ 71.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +129% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 0.4%
Current assets
€114,054 ▼ 26.7%
Equity and liabilities €1.3m
Equity
€150,702 ▼ 1.3%
Provisions
€14,133 ▼ 3.6%
Debt
€1.1m ▼ 3.7%
Debt's share of the balance-sheet total falls from 87.5% to 87.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€77,493▼
2024 · €136,286
Cash flow
€36,079▼
2024 · €77,948
Current ratio
1.20▼
2024 · 1.71
Quick ratio
0.63▼
2024 · 1.08
Debt to equity
7.49▼
2024 · 7.68
ROE
-1.3%▼
2024 · 25.6%
ROA
-0.2%▼
2024 · 2.9%
Interest coverage
1.86▼
2024 · 3.13
Debt ≤ 1 year
€95,429▲
2024 · €91,265
Debt > 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€215▲
2024 · €203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% 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 497,058 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% | 1.6% |
| 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 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 1,419 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €44,940 | €0 | €79,264 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,693 | €51,484 | €41,154 | €38,933 | €38,039 | ▼ 2.3% |
| Other operating charges640/8 | - | €10,777 | €786 | €5,193 | €5,196 | ▲ 0.1% |
| Gross operating margin9900 | €49,455 | €80,932 | €68,616 | €141,478 | €82,688 | ▼ 41.6% |
| Operating profit (loss)9901 | €21,462 | €18,671 | €26,675 | €97,353 | €39,453 | ▼ 59.5% |
| Financial income75/76B | - | €0 | €0 | €6 | €13 | ▲ 112% |
| Recurring financial income75 | €62 | €0 | €0 | €6 | €13 | ▲ 112% |
| Financial charges65/66B | - | €12,110 | €24,730 | €43,479 | €41,740 | ▼ 4.0% |
| Recurring financial charges65 | €9,529 | €12,110 | €24,730 | €43,479 | €41,740 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €11,995 | €6,560 | €1,946 | €53,880 | -€2,274 | ▼ 104% |
| Transfer from deferred taxes780 | - | - | - | €1,192 | €528 | ▼ 55.7% |
| Transfer to deferred taxes680 | - | - | - | €15,853 | €0 | ▼ 100% |
| Income taxes67/77 | €195 | €194 | €198 | €203 | €215 | ▲ 5.8% |
| Profit (loss) for the period9904 | €11,800 | €6,366 | €1,747 | €39,016 | -€1,960 | ▼ 105% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,766 | €2,114 | ▼ 55.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €63,411 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €11,800 | €6,366 | €1,747 | -€19,630 | €153 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €630,945 | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 3.4% |
| Fixed assets21/28 | €527,155 | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 0.4% |
| Tangible fixed assets22/27 | €527,155 | €1.3m | €1.3m | €1.2m | €1.2m | ▼ 0.4% |
| Land and buildings22 | - | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 0.3% |
| Plant, machinery and equipment23 | - | €9,429 | €6,243 | €1,926 | €1,798 | ▼ 6.6% |
| Furniture and vehicles24 | - | €744 | €835 | €1,138 | €837 | ▼ 26.4% |
| Current assets29/58 | €103,790 | €175,175 | €136,348 | €155,701 | €114,054 | ▼ 26.7% |
| Stocks and contracts in progress3 | €55,574 | €49,447 | €58,087 | €57,337 | €53,666 | ▼ 6.4% |
| Stocks30/36 | - | €49,447 | €58,087 | €57,337 | €53,666 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €41,629 | €31,392 | €20,348 | €45,454 | €52,669 | ▲ 15.9% |
| Trade receivables40 | - | €29,405 | €20,348 | €45,454 | €52,669 | ▲ 15.9% |
| Other amounts receivable41 | - | €1,988 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €4,069 | €89,967 | €53,796 | €13,622 | €2,721 | ▼ 80.0% |
| Deferred charges and accrued income490/1 | - | €4,368 | €4,116 | €39,289 | €4,999 | ▼ 87.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €630,945 | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 3.4% |
| Equity10/15 | €105,534 | €111,900 | €113,647 | €152,663 | €150,702 | ▼ 1.3% |
| Contributions10/11 | - | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Reserves13 | €3,134 | €3,134 | €3,134 | €61,779 | €59,665 | ▼ 3.4% |
| Non-distributable reserves130/1 | - | €230 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €230 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €58,645 | €56,532 | ▼ 3.6% |
| Distributable reserves133 | - | €2,904 | €3,134 | €3,134 | €3,134 | = |
| Profit (loss) carried forward14 | -€17,599 | -€11,234 | -€9,486 | -€29,116 | -€28,963 | ▲ 0.5% |
| Provisions and deferred taxes16 | - | - | - | €14,661 | €14,133 | ▼ 3.6% |
| Deferred taxes168 | - | - | - | €14,661 | €14,133 | ▼ 3.6% |
| Amounts payable17/49 | €525,411 | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 3.7% |
| Amounts payable after more than one year17 | €260,734 | €1.0m | €741,033 | €1.1m | €1.0m | ▼ 3.6% |
| Financial debts170/4 | - | €1.0m | €741,033 | €1.1m | €1.0m | ▼ 3.6% |
| Amounts payable within one year42/48 | €262,197 | €295,831 | €535,997 | €91,265 | €95,429 | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | - | €34,074 | €22,547 | €33,161 | €38,032 | ▲ 14.7% |
| Financial debts43 | - | - | €274,469 | €0 | - | - |
| Credit institutions430/8 | - | - | €274,469 | €0 | - | - |
| Trade debts44 | €6,110 | €4,227 | €7,632 | €14,531 | €5,733 | ▼ 60.5% |
| Suppliers440/4 | - | €4,227 | €7,632 | €14,531 | €5,733 | ▼ 60.5% |
| Taxes, remuneration and social security45 | - | €27,580 | €6,652 | €9,563 | €10,732 | ▲ 12.2% |
| Taxes450/3 | - | €27,580 | €6,652 | €6,363 | €6,994 | ▲ 9.9% |
| Remuneration and social security454/9 | - | €0 | - | €3,200 | €3,737 | ▲ 16.8% |
| Other amounts payable47/48 | - | €229,950 | €224,698 | €34,010 | €40,933 | ▲ 20.4% |
| Accrued charges and deferred income492/3 | - | €3,005 | €384 | €10,602 | €1,750 | ▼ 83.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,800 | €6,366 | €1,747 | €39,016 | -€1,960 | ▼ 105% |
| + Depreciation and write-downs630 | €26,693 | €51,484 | €41,154 | €38,933 | €38,039 | ▼ 2.3% |
| Operating cash flow (approximation) | €38,492 | €57,850 | €42,902 | €77,948 | €36,079 | ▼ 53.7% |
| Investment in fixed assets (approximation) | - | -€793,772 | -€26,425 | €32,102 | -€33,543 | ▼ 204% |
| Change in cash | - | €85,898 | -€36,170 | -€40,174 | -€10,901 | ▲ 72.9% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €39,016 ▲2,133%
Operating result €97,353, net result €39,016, both a record.
30-06
Financial
Liquidity times 7current ratio 1.71
Current ratio from 0.25 to 1.71; short-term debt falls from €535,997 to €91,265.
30-06
Financial
Equity above €150,000Eq €152,663 ▲34.3%
4 profitable years in a row build equity to €152,663.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €11,800
Net result €11,800 after one loss-making year.
30-06
Financial
Equity above €100,000Eq €105,534 ▲12.6%
Equity rises from €93,735 to €105,534.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€29,399
Net result drops to -€29,399, the lowest in the series; recovery starts the following year.
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-12
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Retie · 1 establishment unit since 2008
Ground area
1,169 m²
Building footprint
329 m²
Volume, LiDAR
2,246 m³
Parcel 13036A0791/00G000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BRELEC
since 20082.170.739.145
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036A0791/00G000 | Flanders | 1,169 m² | 1 · 329 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 3,677 EUR awarded · 3,677 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,137 EUR | 3,137 EUR |
| 2022 | 1 | 540 EUR | 540 EUR |
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Of 4,561 companies in sector 74999 we hold annual accounts for 1,935. 1,531 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
Founded07-05-2008
Fiscal year end30-06
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
62900Other information technology and computer services
Contact
E-mail
Raf.Brauns@brelec.eu
Phone
0498/698227
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897899207
Registered
10-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.