Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of BREVAK is 0.1% (very low). The 2025 annual accounts show equity of €4.46M and a net result of €90k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 500 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Signals
3 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 500 peers (2025). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 11-05-2026 | 81 d early | 2026-00109621 |
| 31-12-2024 | 31-07-2025 | 15-05-2025 | 77 d early | 2025-00095450 |
| 31-12-2023 | 31-07-2024 | 06-05-2024 | 86 d early | 2024-00085446 |
| 31-12-2022 | 31-07-2023 | 12-06-2023 | 49 d early | 2023-00123871 |
| 31-12-2021 | 31-07-2022 | 24-05-2022 | 68 d early | 2022-20035206 |
| 31-12-2020 | 31-07-2021 | 30-07-2021 | 1 d early | 2021-45500521 |
| 31-12-2019 | 31-07-2020 | 02-06-2020 | 59 d early | 2020-14200494 |
| 31-12-2018 | 31-07-2019 | 05-09-2019 | 36 d late | 2019-63400533 |
| 31-12-2017 | 31-07-2018 | 31-08-2018 | 31 d late | 2018-60800307 |
| 31-12-2016 | 31-07-2017 | 28-08-2017 | 28 d late | 2017-48000430 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2004, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Annual accounts: healthy financial profile
−Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€90k-98.1%
Working capital€4.38M+1.7%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 11-05-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.2%/year over 8 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.3% | 44.9% | |
| Net result | €90k | €55k | |
| Equity | €4.46M | €214k | |
| Gross operating margin | €65k | €98k | |
| Employees (FTE) | 0.0 | 0.0 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P95
Stable position over 2020-2025
· n=440-1396
P62
Stable position over 2020-2025
· n=441-1397
P94
Improving position over 2020-2025
· n=441-1397
P40
Weakening position over 2020-2025
· n=440-1396
Describes the position versus peers, not a forecast.
€64k
+45.7%
18-25
€90k
-98.1%
18-25
€126k
-97.4%
18-25
€4.49M
-20.3%
18-25
€4.46M
+2.1%
18-25
€4.38M
+1.7%
18-25
0
-
18-25
€33k
+106.4%
18-25
€0
-100.0%
18-25
€32k
-97.5%
18-25
€32k
-97.5%
18-25
€0
-100.0%
18-25
138.16
+3040.0%
18-25
138.16
+3040.0%
18-25
99.3%
+28.1%
18-25
0.01
-97.5%
18-25
2.0%
-98.2%
18-25
2.0%
-97.6%
18-25
389.10
+28.6%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €64k |
| Net profit | €90k |
| Cash flow | €126k |
| Staff costs | - |
| Income taxes | €33k |
| Dividends | €0 |
| Total assets | €4.49M |
| Equity | €4.46M |
| Debt | €32k |
| of which ≤ 1y | €32k |
| of which > 1y | - |
| Working capital | €4.38M |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 138.16 |
| Quick ratio | 138.16 |
| Working capital ratio | 97.5% |
| Solvency | 99.3% |
| Debt / equity | 0.01 |
| Long-term debt ratio | - |
| Interest coverage | 389.10 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.0% |
| ROE | 2.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.49M |
| Fixed assets | 21/28 | €80k |
| Tangible fixed assets | 22/27 | €60k |
| Financial fixed assets | 28 | €20k |
| Current assets | 29/58 | €4.41M |
| Amounts receivable within one year | 40/41 | €41k |
| Investments | 50/53 | €4.26M |
| Cash & bank | 54/58 | €106k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.49M |
| Equity | 10/15 | €4.46M |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €49k |
| Accumulated profits (losses) | 14 | €4.41M |
| Amounts payable | 17/49 | €32k |
| Amounts payable within one year | 42/48 | €32k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €65k |
| Operating result | 9901 | €28k |
| Financial income | 75 | €96k |
| Financial charges | 65 | €164 |
| Result before taxes | 9903 | €123k |
| Income taxes | 67/77 | €33k |
| Net result for the period | 9904 | €90k |
| Result to be appropriated | 9905 | €90k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Connections & network
3 connected companiesGroup structure
We sit on their board · 13 subsidiaries · 1 location
→
We sit on their board · 4 locations
→
We sit on their board · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Ownership & control
3 partiesBREVAKBE 0870.220.157
controls
Where this company holds controlthis company sits on their board3
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Terlinckstraat 142600 AntwerpenEstablishment units
1 locationBrevak
since 20042.197.025.749
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area121 m²
Buildings1
Building footprint76 m²
Volume (LiDAR)953 m³
Tallest building15.7 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0428/00S002 | Flanders | 121 m² | 1 · 76 m² | 15.7 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Company purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland: a) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen en alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten; b) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; c) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen, kredieten, financieringen en het aangaan van leasingcontracten; d) het beheer van de investeringen en de deelnemingen in andere entiteiten, de uitoefening van beheersfuncties, het verschaffen van adviezen, management en andere diensten
Per act of 19-01-2022
Capital history · 2
19-01-2022
Capital increase: type: bijkomende inbreng in geld met uitgifte van nieuwe aandelen, delta: 75.969.999 EUR, booked: op de beschikbare eigen vermogensrekening, paid_up: op ieder aandeel waarop werd ingeschreven is gestort ten belope van 0%, hetzij 0 EUR, currency: EUR
19-01-2022
Capital: note: artikel 5 van de nieuwe statuten, shares: 107155000, classes: Gewone Aandelen (op naam, met stemrecht), Preferente Instrumenten (op naam, zonder stemrecht, 8% preferent rendement per jaar), Ratchet Aandelen (op naam, zonder stemrecht), currency: EUR
All acts · 1
updated 4 years ago
2022
19-01-2022 Act object · Notarial deed · Capital increase · Share issue
- Act object: ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN) · PF Holding
- Publication: 2022-01-19 · PF Holding
- Filing: 2022-01-17 · PF Holding
- Notarial deed: 2021-12-21 · PF Holding
- Capital increase: type: bijkomende inbreng in geld met uitgifte van nieuwe aandelen, delta: 75.969.999 EUR, booked: op de beschikbare eigen vermogensrekening, paid_up: op ieder aandeel waarop werd ingeschreven is gestort ten belope van 0%, hetzij 0 EUR, currency: EUR · PF Holding
- Share issue: total_new: 107154999, ratchet_shares: 31500000, ordinary_shares: 22149321, preferred_instruments: 53505678 · PF Holding
- Statute amendment: wijziging en vervanging van artikel 5 van de statuten teneinde deze in overeenstemming te brengen met de beslissing tot uitgifte van nieuwe aandelen · PF Holding
- Statute amendment: creatie van drie soorten van aandelen: de "Ordinary Shares", de "Preferred Instruments" en de "Ratchet Shares"; het bestaande aandeel wordt toegewezen aan de "Ordinary Shares" · PF Holding
- Statute amendment: aanname van een nieuwe tekst van de statuten teneinde deze in overeenstemming te brengen met de bijkomende inbreng, de onderverdeling van aandelen in soorten en met de aandeelhoudersovereenkomst gesloten op 20 december 2021 · PF Holding
- Capital: note: artikel 5 van de nieuwe statuten, shares: 107155000, classes: Gewone Aandelen (op naam, met stemrecht), Preferente Instrumenten (op naam, zonder stemrecht, 8% preferent rendement per jaar), Ratchet Aandelen (op naam, zonder stemrecht), currency: EUR · PF Holding
- Purpose: De vennootschap heeft tot voorwerp, zowel in België als in het buitenland: a) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen en alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten; b) uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; c) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen, kredieten, financieringen en het aangaan van leasingcontracten; d) het beheer van de investeringen en de deelnemingen in andere entiteiten, de uitoefening van beheersfuncties, het verschaffen van adviezen, management en andere diensten · PF Holding
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2021-12-22 · Metula BV
- Permanent representative: vast vertegenwoordiger van Metula BV, bestuurder van PF Holding · Piet Gruwez
- Mandate compensation: onbezoldigd, behoudens andersluidende beslissing van de algemene vergadering · Metula BV
- Mandate term: onbepaalde duur · Metula BV
- Officer appointment: role: waarnemer bij de raad van bestuur, term: onbepaalde duur, start_date: 2021-12-22 · CaleAnco BV
- Officer appointment: role: waarnemer bij de raad van bestuur, term: onbepaalde duur, start_date: 2021-12-22 · BREVAK BV
- Permanent representative: vast vertegenwoordiger van CaleAnco BV, waarnemer bij de raad van bestuur van PF Holding · Kris Calepet
- Permanent representative: vast vertegenwoordiger van BREVAK BV, waarnemer bij de raad van bestuur van PF Holding · Jo Breesch
- Mandate compensation: onbezoldigd, behoudens andersluidende beslissing van de algemene vergadering · CaleAnco BV
- Mandate compensation: onbezoldigd, behoudens andersluidende beslissing van de algemene vergadering · BREVAK BV
- Mandate term: onbepaalde duur · CaleAnco BV
- Mandate term: onbepaalde duur · BREVAK BV
- Power of attorney: alle machten aan het bestuursorgaan tot uitvoering van de genomen beslissingen · PF Holding
- Power of attorney: volmacht aan Dimas Coetsier en Sabine Reusen (woonstkeuze te Allen & Overy (Belgium) LLP) en aan Sander van Vreumingen, allen individueel bevoegd, evenals aan hun bedienden, aangestelden en lasthebbers, met mogelijkheid tot indeplaatsstelling, voor de aanpassing van het aandelenregister en het winstbewijzenregister van de Vennootschap · Dimas Coetsier
Summary:
Act object · Notarial deed · Capital increase · Share issue
Analysis
Snowflake analysis
financial profile on 5 axes70
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
10
Solvency
100
Growth
52
Stability
100
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 1005.522.190 · Sint-Genesius-Rode
BE 0817.146.806 · Gent
BE 0462.956.650 · Koksijde
BE 1005.928.404 · Watermaal-Bosvoorde
BE 0774.695.745 · Zaventem
We hold annual accounts for 15,322 of the 81,966 companies in this sector. 1,467 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
| Legal nameNL | BREVAK |
Registered office
Terlinckstraat 14
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.