BREMS-SERVICES
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-04-2026 PDF all 35 filings
Turnover
€1.1m▼ 3.1%
2019 · €1.1m
EBIT margin
12.7%▲ 5.0pp
2019 · 7.7%
Net result
-€85▲ 96.6%
2024 · -€2,473
Working capital
-€452
2024 · €224,131
In the rankings
#9 oldest company in Halen, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€2,466
▲ 53.2%
2025
20182025
Net result
-€85
▲ 96.6%
2025
lowest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€4,046
▼ 98.2%
2025
lowest quarter of the sector
20182025
Total assets
€10,998
▼ 95.1%
2025
lowest quarter of the sector
20182025
Debt
€6,952
▲ 192%
2025
20182025
Working capital
-€452
2025
lowest quarter of the sector
20182025
Solvency
36.8%
▼ 62.2pp
2025
middle half of the sector
20182025
Current ratio
0.94
▼ 94.23
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-0.8%
▲ 0.3pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.5m-€1.1m▼ 25.7%€1.1m▼ 3.1%
Operating result€0.05m-€0.09m▲ 62.7%€0.1m▲ 60.3%€0.01m▼ 89.7%€0.01m▼ 11.4%€0.03m▲ 169%-€0.005m-€0.002m▲ 53.2%
Net result€0.05m-€0.08m▲ 56.2%€0.1mabove the sector's middle half▲ 69.0%€0.01mwithin the sector's middle half▼ 92.5%€0.01mwithin the sector's middle half▲ 5.0%€0.04mwithin the sector's middle half▲ 286%-€0.002mbelow the sector's middle half-€85below the sector's middle half▲ 96.6%
EBIT margin3.5%-7.7%▲ 4.2pp12.7%▲ 5.0pp
Equity-€0.06m-€0.03m€0.2mwithin the sector's middle half▲ 527%€0.2mwithin the sector's middle half▲ 6.3%€0.2mwithin the sector's middle half▲ 6.2%€0.2mwithin the sector's middle half▲ 22.6%€0.2mwithin the sector's middle half▼ 1.1%€0.004mbelow the sector's middle half▼ 98.2%
Total assets€0.2m-€0.2m▲ 14.0%€0.3mwithin the sector's middle half▲ 23.6%€0.6mwithin the sector's middle half▲ 101%€0.3mbelow the sector's middle half▼ 56.3%€0.2mbelow the sector's middle half▼ 9.9%€0.2mbelow the sector's middle half▼ 1.1%€0.01mbelow the sector's middle half▼ 95.1%
Debt€0.3m-€0.2m▼ 20.2%€0.1m▼ 39.5%€0.4m▲ 224%€0.07m▼ 83.0%€0.002m▼ 96.6%€0.002m▼ 0.1%€0.007m▲ 192%
Working capital-€0.07m-€0.02m€0.2mwithin the sector's middle half▲ 590%€0.07mwithin the sector's middle half▼ 56.3%€0.2mwithin the sector's middle half▲ 158%€0.2mwithin the sector's middle half▲ 22.6%€0.2mwithin the sector's middle half▼ 1.1%-€452below the sector's middle half
Solvency-26.9%-11.1%▲ 38.0pp56.5%within the sector's middle half▲ 45.4pp29.9%within the sector's middle half▼ 26.6pp72.7%above the sector's middle half▲ 42.8pp99.0%above the sector's middle half▲ 26.2pp98.9%above the sector's middle half=36.8%within the sector's middle half▼ 62.2pp
Current ratio0.75-1.11▲ 0.372.30within the sector's middle half▲ 1.181.18within the sector's middle half▼ 1.123.67above the sector's middle half▲ 2.4996.09above the sector's middle half▲ 92.4395.16above the sector's middle half▼ 0.930.94below the sector's middle half▼ 94.23
Return on assets (ROA)25.3%-34.7%▲ 9.4pp47.5%above the sector's middle half▲ 12.8pp1.8%within the sector's middle half▼ 45.7pp4.2%within the sector's middle half▲ 2.5pp18.2%above the sector's middle half▲ 14.0pp-1.1%below the sector's middle half▼ 19.3pp-0.8%below the sector's middle half▲ 0.3pp
Staff (FTE)3.4-1.5▼ 55.9%0.4below the sector's middle half▼ 73.3%0.8below the sector's middle half▲ 100%1below the sector's middle half▲ 25.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €2,466, smaller than the loss of €5,267 in 2024.
Large changes and their cause
- 2025 Equity -98%, Total assets -95% on 2024. Capital reduction of €220,000 (Official Gazette 19-11-2025).
- 2021 Net result -93% on 2020. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,998
Fixed assets
€4,498
Current assets
€6,500
Equity and liabilities €10,998
Equity
€4,046 ▼ 98.2%
Debt
€6,952 ▲ 192%
Debt's share of the balance-sheet total rises from 1.1% to 63.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,464
Cash flow
-€83
Debt to equity
1.72▲
2024 · 0.01
ROE
-2.1%▼
2024 · -1.1%
Interest coverage
-13.67
Debt ≤ 1 year
€6,952▲
2024 · €2,380
Supplier credit
264 days▲
2024 · 185 days
Staff costs
€513▲
2024 · €51
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 0.8 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €105,130 | - | - | - | €4,500 |
| Depreciation and write-downs of the year | €2,775 | €8,462 | - | - | €2 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.5m | €1.1m | €1.1m | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €0.01m | €0.007m | €0 | €0.007m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €0.002m | €0.005m | €0.008m | ▲ 70.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | -€0.03m | €51 | €0.001m | ▲ 906% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.007m | €0.007m | €0.004m | €0.003m | €0.008m | - | - | €2 | - |
| Other operating charges640/8 | - | - | - | €0.001m | €233 | €0.001m | €0.001m | €0.001m | ▲ 2.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €9 | - | - |
| Gross operating margin9900 | - | - | - | €0.1m | €0.2m | €0.005m | -€0.005m | -€0.001m | ▲ 71.6% |
| Operating profit (loss)9901 | €0.05m | €0.09m | €0.1m | €0.01m | €0.01m | €0.03m | -€0.005m | -€0.002m | ▲ 53.2% |
| Financial income75/76B | - | - | - | - | - | €0.01m | €0.004m | €0.003m | ▼ 29.6% |
| Recurring financial income75 | €0.02m | €219 | €0.003m | - | - | €0.01m | €0.004m | €0.003m | ▼ 29.6% |
| Financial charges65/66B | - | - | - | €0.004m | €0.002m | €0.002m | €0.001m | €180 | ▼ 78.6% |
| Recurring financial charges65 | €0.02m | €0.005m | €0.003m | €0.004m | €0.002m | €0.002m | €0.001m | €180 | ▼ 78.6% |
| Debt charges650 | €0.02m | €0.002m | €40 | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.08m | €0.1m | €0.01m | €0.01m | €0.04m | -€0.002m | -€85 | ▲ 96.6% |
| Income taxes67/77 | €294 | €162 | €50 | €190 | €90 | €0 | - | - | - |
| Profit (loss) for the period9904 | €0.05m | €0.08m | €0.1m | €0.01m | €0.01m | €0.04m | -€0.002m | -€85 | ▲ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.08m | €0.1m | €0.01m | €0.01m | €0.04m | -€0.002m | -€85 | ▲ 96.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €205,691 | €234,522 | €289,885 | €582,126 | €254,244 | €228,987 | €226,511 | €10,998 | ▼ 95.1% |
| Fixed assets21/28 | €10,762 | €4,458 | €148 | €102,503 | - | - | - | €4,498 | - |
| Tangible fixed assets22/27 | €10,712 | €4,458 | €148 | €102,503 | - | - | - | €4,498 | - |
| Plant, machinery and equipment23 | - | - | - | €102,355 | - | - | - | €1,500 | - |
| Furniture and vehicles24 | - | - | - | €148 | - | - | - | €2,998 | - |
| Financial fixed assets28 | €50 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €194,929 | €230,064 | €289,737 | €479,623 | €254,244 | €228,987 | €226,511 | €6,500 | ▼ 97.1% |
| Stocks and contracts in progress3 | - | €75,067 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €193,984 | €154,491 | €287,920 | €479,623 | €254,243 | €223,221 | €222,876 | €6,500 | ▼ 97.1% |
| Trade receivables40 | - | - | - | €178,093 | €37,300 | - | €36 | €6,500 | ▲ 181× |
| Other amounts receivable41 | - | - | - | €301,529 | €216,943 | €223,221 | €222,840 | - | - |
| Cash at bank and in hand54/58 | €58 | €0 | €0 | €0 | €0 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €5,766 | €3,635 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €205,691 | €234,522 | €289,885 | €582,126 | €254,244 | €228,987 | €226,511 | €10,998 | ▼ 95.1% |
| Equity10/15 | -€55,356 | €26,104 | €163,785 | €174,070 | €184,874 | €226,604 | €224,131 | €4,046 | ▼ 98.2% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | €80,000 | ▼ 73.3% |
| Capital10 | - | - | - | €300,000 | €300,000 | €300,000 | €300,000 | €80,000 | ▼ 73.3% |
| Issued capital100 | - | - | - | €300,000 | €300,000 | €300,000 | €300,000 | €80,000 | ▼ 73.3% |
| Reserves13 | €8,691 | €8,691 | €8,691 | €8,691 | €8,691 | €8,691 | €8,691 | €8,691 | = |
| Non-distributable reserves130/1 | - | - | - | €435 | €435 | €435 | €435 | €435 | = |
| Legal reserve130 | - | - | - | €435 | €435 | €435 | €435 | €435 | = |
| Distributable reserves133 | - | - | - | €8,257 | €8,257 | €8,257 | €8,257 | €8,257 | = |
| Profit (loss) carried forward14 | -€364,047 | -€282,588 | -€144,906 | -€134,622 | -€123,818 | -€82,087 | -€84,560 | -€84,645 | ▼ 0.1% |
| Amounts payable17/49 | €261,047 | €208,418 | €126,100 | €408,056 | €69,370 | €2,383 | €2,380 | €6,952 | ▲ 192% |
| Amounts payable within one year42/48 | €261,047 | €206,338 | €126,100 | €408,056 | €69,370 | €2,383 | €2,380 | €6,952 | ▲ 192% |
| Trade debts44 | €158,897 | €15,654 | €121,025 | €378,867 | €28,342 | €2,111 | €2,318 | €5,638 | ▲ 143% |
| Suppliers440/4 | - | - | - | €378,867 | €28,342 | €2,111 | €2,318 | €5,638 | ▲ 143% |
| Taxes, remuneration and social security45 | - | - | - | €29,190 | €41,028 | €272 | €62 | - | - |
| Taxes450/3 | - | - | - | €5,146 | €9,185 | €272 | €62 | - | - |
| Remuneration and social security454/9 | - | - | - | €24,043 | €31,843 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €1,314 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,136 | €81,460 | €137,681 | €10,285 | €10,804 | €41,730 | -€2,473 | -€85 | ▲ 96.6% |
| + Depreciation and write-downs630 | €6,752 | €6,529 | €4,310 | €2,775 | €8,462 | - | - | €2 | - |
| Operating cash flow (approximation) | €58,887 | €87,988 | €141,992 | €13,060 | €19,266 | €41,730 | -€2,473 | -€83 | ▲ 96.6% |
| Investment in fixed assets (approximation) | - | -€225 | €0 | -€105,130 | - | - | - | - | - |
| Change in cash | - | -€57 | €0 | €0 | €0 | €0 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as BREMS-SERVICES has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BREMS-SERVICES itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for BREMS-SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-04-2026 | 2026-00087400 | |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00440053 | |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00485940 | |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00267365 | |
| 31-12-2021 | abbreviated format | 29-09-2022 | 2022-20439272 | |
| 31-12-2020 | full format | 25-08-2021 | 2021-53600526 | |
| 31-12-2019 | full format | 30-06-2020 | 2020-25300181 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-34000419 | |
| 31-12-2017 | full format | 20-07-2018 | 2018-35900341 | |
| 31-12-2016 | full format | 13-07-2017 | 2017-31100180 |