Brepo
ActiveSummary
Brepo has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of €487,389. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+5
Solvency78▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.21 in 2024; short-term debt: 15.2% and cash: 0.1% of total assets), and 47.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
52.9%
Return on assets
5.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
13 d early
2023
2 d early
2022
5 d early
2021
12 d early
2020
8 d early
2019
25 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 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€487,389▲ 212%
2024 · €156,182
Working capital
-€1.1m▲ 18.0%
2024 · -€1.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€140,525€614,210▲ 337%€173,587▼ 71.7%€323,542▲ 86.4%€247,369▼ 23.5%
Net result€65,743within the sector's middle half€461,204above the sector's middle half▲ 602%€42,920within the sector's middle half▼ 90.7%€156,182within the sector's middle half▲ 264%€487,389within the sector's middle half▲ 212%
Equity€3.8mabove the sector's middle half▲ 1.8%€4.2mabove the sector's middle half▲ 10.9%€4.2mabove the sector's middle half▲ 1.0%€4.4mabove the sector's middle half▲ 3.7%€4.9mwithin the sector's middle half▲ 11.1%
Total assets€9.2mabove the sector's middle half▼ 4.5%€9.8mabove the sector's middle half▲ 6.9%€9.7mabove the sector's middle half▼ 1.7%€9.2mabove the sector's middle half▼ 4.4%€9.2mwithin the sector's middle half▼ 0.1%
Debt€5.4m▼ 8.4%€5.6m▲ 4.1%€5.4m▼ 3.7%€4.8m▼ 10.7%€4.3m▼ 10.2%
Working capital-€343,338below the sector's middle half▼ 14.4%-€1.2mbelow the sector's middle half▼ 251%-€1.4mbelow the sector's middle half▼ 15.7%-€1.4mbelow the sector's middle half▲ 2.4%-€1.1mbelow the sector's middle half▲ 18.0%
Solvency41.1%within the sector's middle half▲ 2.5pp42.6%within the sector's middle half▲ 1.5pp43.8%within the sector's middle half▲ 1.2pp47.5%within the sector's middle half▲ 3.7pp52.9%within the sector's middle half▲ 5.3pp
Current ratio0.85below the sector's middle half▼ 0.040.38below the sector's middle half▼ 0.470.30below the sector's middle half▼ 0.080.21below the sector's middle half▼ 0.090.20below the sector's middle half▼ 0.01
Return on assets (ROA)0.7%below the sector's middle half▲ 1.9pp4.7%within the sector's middle half▲ 4.0pp0.4%within the sector's middle half▼ 4.2pp1.7%within the sector's middle half▲ 1.2pp5.3%within the sector's middle half▲ 3.6pp
Staff (FTE)2.6within the sector's middle half▲ 8.3%2.9within the sector's middle half▲ 11.5%3.9within the sector's middle half▲ 34.5%3.2within the sector's middle half▼ 17.9%3.1below the sector's middle half▼ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +212% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.2m
Fixed assets
€8.9m ▲ 0.8%
Current assets
€282,749 ▼ 21.8%
Equity and liabilities €9.2m
Equity
€4.9m ▲ 11.1%
Debt
€4.3m ▼ 10.2%
Debt's share of the balance-sheet total falls from 52.5% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€399,946▼
2024 · €470,219
Cash flow
€639,966▲
2024 · €302,859
Debt to equity
0.89▼
2024 · 1.10
ROE
10.0%▲
2024 · 3.6%
Interest coverage
4.22▲
2024 · 4.11
Debt ≤ 1 year
€1.4m▼
2024 · €1.7m
Debt > 1 year
€3.0m▼
2024 · €3.1m
Income taxes
€43,998▼
2024 · €59,777
Staff costs
€277,055▲
2024 · €260,841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 31,371 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 | - | - | - | - | €7,539 | - |
| Remuneration, social security and pensions62 | €92,270 | €178,844 | €279,270 | €260,841 | €277,055 | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,617 | €149,538 | €152,789 | €146,677 | €152,577 | ▲ 4.0% |
| Other operating charges640/8 | €9,706 | €11,486 | €12,450 | €17,095 | €14,101 | ▼ 17.5% |
| Gross operating margin9900 | €343,117 | €954,079 | €618,096 | €748,155 | €691,102 | ▼ 7.6% |
| Operating profit (loss)9901 | €140,525 | €614,210 | €173,587 | €323,542 | €247,369 | ▼ 23.5% |
| Financial income75/76B | €8,923 | €29,475 | €10,935 | €6,751 | €378,872 | ▲ 5,512% |
| Recurring financial income75 | €8,923 | €29,475 | €10,935 | €6,751 | €378,872 | ▲ 5,512% |
| Financial charges65/66B | €83,559 | €93,195 | €93,062 | €114,335 | €94,853 | ▼ 17.0% |
| Recurring financial charges65 | €83,559 | €93,195 | €93,062 | €114,335 | €94,853 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | €65,889 | €550,489 | €91,459 | €215,959 | €531,387 | ▲ 146% |
| Income taxes67/77 | €146 | €89,285 | €48,540 | €59,777 | €43,998 | ▼ 26.4% |
| Profit (loss) for the period9904 | €65,743 | €461,204 | €42,920 | €156,182 | €487,389 | ▲ 212% |
| Profit (loss) for the period to be appropriated9905 | €65,743 | €461,204 | €42,920 | €156,182 | €487,389 | ▲ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €9.8m | €9.7m | €9.2m | €9.2m | ▼ 0.1% |
| Fixed assets21/28 | €7.2m | €9.1m | €9.1m | €8.9m | €8.9m | ▲ 0.8% |
| Intangible fixed assets21 | - | - | - | €10,454 | €130,399 | ▲ 1,147% |
| Tangible fixed assets22/27 | €5.6m | €6.8m | €6.7m | €6.5m | €6.4m | ▼ 2.1% |
| Land and buildings22 | €5.5m | €6.1m | €6.0m | €5.9m | €5.8m | ▼ 1.6% |
| Plant, machinery and equipment23 | €63,196 | €681,132 | €652,116 | €612,890 | €568,908 | ▼ 7.2% |
| Furniture and vehicles24 | €12,009 | €9,718 | €5,285 | €1,877 | €971 | ▼ 48.3% |
| Financial fixed assets28 | €1.6m | €2.3m | €2.4m | €2.3m | €2.4m | ▲ 3.8% |
| Current assets29/58 | €2.0m | €744,836 | €593,319 | €361,643 | €282,749 | ▼ 21.8% |
| Stocks and contracts in progress3 | €1.3m | €0 | - | - | - | - |
| Stocks30/36 | €1.3m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €625,619 | €736,405 | €588,544 | €351,420 | €271,057 | ▼ 22.9% |
| Trade receivables40 | €182,045 | €226,238 | €217,071 | €123,542 | €103,120 | ▼ 16.5% |
| Other amounts receivable41 | €443,574 | €510,167 | €371,473 | €227,878 | €167,938 | ▼ 26.3% |
| Cash at bank and in hand54/58 | €7,604 | €1,386 | €0 | €4,511 | €6,699 | ▲ 48.5% |
| Deferred charges and accrued income490/1 | €5,065 | €7,045 | €4,775 | €5,711 | €4,993 | ▼ 12.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €9.8m | €9.7m | €9.2m | €9.2m | ▼ 0.1% |
| Equity10/15 | €3.8m | €4.2m | €4.2m | €4.4m | €4.9m | ▲ 11.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Revaluation surpluses12 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Reserves13 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Tax-exempt reserves132 | €709,490 | €709,490 | €709,490 | €709,490 | €709,490 | = |
| Distributable reserves133 | €416,158 | €416,158 | €416,158 | €416,158 | €416,158 | = |
| Profit (loss) carried forward14 | -€541,679 | -€130,475 | -€87,556 | €68,627 | €556,016 | ▲ 710% |
| Amounts payable17/49 | €5.4m | €5.6m | €5.4m | €4.8m | €4.3m | ▼ 10.2% |
| Amounts payable after more than one year17 | €3.1m | €3.7m | €3.4m | €3.1m | €3.0m | ▼ 5.5% |
| Financial debts170/4 | €3.1m | €3.7m | €3.3m | €3.0m | €2.8m | ▼ 6.6% |
| Other amounts payable178/9 | €9,134 | €30,863 | €132,367 | €155,722 | €178,518 | ▲ 14.6% |
| Amounts payable within one year42/48 | €2.3m | €1.9m | €2.0m | €1.7m | €1.4m | ▼ 18.8% |
| Current portion of amounts payable after more than one year42 | €261,754 | €380,968 | €354,463 | €340,146 | €283,164 | ▼ 16.8% |
| Financial debts43 | €1.0m | €18,817 | €20,320 | €20,289 | €16,862 | ▼ 16.9% |
| Credit institutions430/8 | €1.0m | €18,817 | €20,320 | €20,289 | €16,862 | ▼ 16.9% |
| Trade debts44 | €45,675 | €260,479 | €57,147 | €32,541 | €61,493 | ▲ 89.0% |
| Suppliers440/4 | €45,675 | €260,479 | €57,147 | €32,541 | €61,493 | ▲ 89.0% |
| Taxes, remuneration and social security45 | €59,659 | €200,359 | €234,347 | €151,926 | €142,332 | ▼ 6.3% |
| Taxes450/3 | €29,571 | €157,713 | €173,629 | €91,988 | €70,762 | ▼ 23.1% |
| Remuneration and social security454/9 | €30,088 | €42,646 | €60,717 | €59,938 | €71,570 | ▲ 19.4% |
| Other amounts payable47/48 | €930,846 | €1.1m | €1.3m | €1.2m | €894,368 | ▼ 24.0% |
| Accrued charges and deferred income492/3 | €14,516 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,743 | €461,204 | €42,920 | €156,182 | €487,389 | ▲ 212% |
| + Depreciation and write-downs630 | €100,617 | €149,538 | €152,789 | €146,677 | €152,577 | ▲ 4.0% |
| Operating cash flow (approximation) | €166,360 | €610,742 | €195,708 | €302,859 | €639,966 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€2.0m | -€135,914 | €47,569 | -€222,325 | ▼ 567% |
| Change in cash | - | -€6,218 | -€1,386 | €4,511 | €2,188 | ▼ 51.5% |
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
01-09
State Gazette act
Incorporation · Founder
Legal form clause · Name clause
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €487,389 ▲212%
Net result €487,389, the highest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €65,743
Net result €65,743 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€110,224
Net result drops to -€110,224, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €448,130
Net result €448,130 after one loss-making year.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 329 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Gent · 6 establishment units since 1999
Ground area
1.2 ha
Building footprint
2,028 m²
Volume, LiDAR
9,047 m³
5 parcels, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
6 establishment units
Gordunakaai 91, 9000 Gent
since 19992.092.302.569
Petit Gris De Bachte
since 20182.285.220.129
Nenuphar
since 20192.284.923.189
Aviatic
since 20192.284.923.288
Cenob
since 20192.338.194.106
Vosselaere Put
since 20222.338.194.205
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006A0320/00B000 | Flanders | 4,352 m² | 1 · 452 m² | 8.7 m · 2 fl. |
| 44809I0161/00L000 | Flanders | 2,715 m² | 1 · 267 m² | 13.3 m · 3 fl. |
| 44006B0744/00E004 | Flanders | 2,513 m² | 1 · 507 m² | - |
| 44002B0112/00G000 | Flanders | 1,416 m² | 2 · 475 m² | 10.1 m · 2 fl. |
| 44012B0718/00H002 | Flanders | 592 m² | 1 · 326 m² | 12.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 6
-
100%
-
100%
-
98.92%
-
90.32%
-
89.33%
-
83.33%
According to the 2025 annual accounts of Brepo and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,049 companies in sector 46341 we hold annual accounts for 538. 122 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
64210Activities of holding companies
01480Raising of other animals
46349Wholesale of beverages, general range
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70100Activities of head offices
70200Business and other management consultancy
82100Office administrative and support services
Contact
E-mail
boss@lbdb.beGent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466708570
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.