BRIMA · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BRIMA is 1.7% (moderate). The 2023 annual accounts show equity of €89k and a net result of €21k. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 615 sector peers (fiscal year 2023). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 83% of 615 peers (2023). A comfortable equity buffer.

View the sector comparison

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-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 396 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-10-2024, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

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 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	01-10-2024	62 d late	2024-00492546
31-12-2022	31-07-2023	01-09-2023	32 d late	2023-00411044
31-12-2021	31-07-2022	20-10-2022	81 d late	2022-20474662
31-12-2020	31-07-2021	11-10-2021	72 d late	2021-71900010
31-12-2019	31-07-2020	20-11-2020	112 d late	2020-71700577
31-12-2018	31-07-2019	30-07-2019	1 d early	2019-42900310
31-12-2017	31-07-2018	24-06-2018	37 d early	2018-25600522
31-12-2016	31-07-2017	20-07-2017	11 d early	2017-34800244
31-12-2015	31-07-2016	27-07-2016	4 d early	2016-37800148
31-12-2014	31-07-2015	02-02-2016	186 d late	2016-03800038

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 signals

Established

Founded in 2014, 12 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 everyone

1.7% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Higher-failure-rate sector +Annual accounts: weaker financial profile +

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€21k

Working capital€100k+71.7%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 01-10-2024 with the NBB · fiscal year 2023 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~27.4%/year over 6 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 2023 · NACE 33 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	70.3%	37.8%	better than 83% of 615 sector peers
Net result	€21k	€16k	better than 59% of 614 sector peers
Equity	€89k	€37k	better than 77% of 616 sector peers
Gross operating margin	€48k	€41k	better than 55% of 609 sector peers
Total assets	€126k	€95k	better than 59% of 615 sector peers

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).

Solvency P83

Stable position over 2020-2023 · n=91-615

Net result P59

Weakening position over 2020-2023 · n=92-614

Equity P77

Stable position over 2020-2023 · n=92-616

Gross operating margin P55

Improving position over 2020-2023 · n=89-609

Describes the position versus peers, not a forecast.

EBITDA

€23k

- 18-23

Net profit

€21k

- 18-23

Cash flow

€22k

- 18-23

Total assets

€126k

+11.8% 18-23

Equity

€89k

+30.5% 18-23

Working capital

€100k

+71.7% 18-23

Income taxes

€791

-14.9% 18-23

Debt

€37k

-16.5% 18-23

Show 9 other metrics

Debt ≤ 1y

€24k

-10.2% 18-23

Debt > 1y

€14k

-25.4% 18-23

Current ratio

5.27

+63.0% 18-23

Quick ratio

5.27

+63.0% 18-23

Solvency

70.3%

+16.7% 18-23

Debt / equity

0.42

-36.0% 18-23

ROE

23.4%

- 18-23

ROA

16.4%

- 18-23

Interest coverage

67.12

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	-
EBITDA	€23k
Net profit	€21k
Cash flow	€22k
Staff costs	-
Income taxes	€791
Dividends	-
Total assets	€126k
Equity	€89k
Debt	€37k
of which ≤ 1y	€24k
of which > 1y	€14k
Working capital	€100k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	5.27
Quick ratio	5.27
Working capital ratio	79.7%
Solvency	70.3%
Debt / equity	0.42
Long-term debt ratio	0.16
Interest coverage	67.12
Gross margin	-
Net margin	-
ROA	16.4%
ROE	23.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €2k · 1.7% Current assets €124k · 98.3%

Equity & liabilities

Equity €89k · 70.3% Debt €37k · 29.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€126k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€124k
Amounts receivable within one year	40/41	€65k
Cash & bank	54/58	€247
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€126k
Equity	10/15	€89k
Contributions / capital	10/11	€100k
Accumulated profits (losses)	14	€-11k
Amounts payable	17/49	€37k
Amounts payable after one year	17	€14k
Amounts payable within one year	42/48	€24k
Trade debts payable within one year	44	€5k
Income statement
Gross operating margin	9900	€48k
Operating result	9901	€22k
Financial charges	65	€341
Result before taxes	9903	€22k
Income taxes	67/77	€791
Net result for the period	9904	€21k
Result to be appropriated	9905	€21k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

100 / 100 Excellent

050100

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

12 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

ULAJ Marc
Managing director
State Gazette act 24110222 (22-07-2024)

Current
01-07-2024 → present

Former directors (1)

ULAJ Christophe
Managing director
State Gazette act 24110222 (22-07-2024)

Former
- → 30-06-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Reparatie en onderhoud van machines(33120)
Legal form	Public limited company(014)
Incorporation	28-01-2014
Status	Active
Postal code	1180

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

BRIMA

Aarschotstraat 136, 1030 SchaarbeekCafés en bars

since 20152.247.452.287

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area404 m²

Buildings2

Building footprint212 m²

Volume (LiDAR)2,159 m³

Tallest building16.0 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.

Brussels 2 (100%)