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BRIMCO

Active
Public limited companyfounded 200224 yrs activeGroeningekaai(Kor) 24, 8500 Kortrijk, BelgiumKBO/BCE: BE 0477.899.994
Summary

BRIMCO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298,790 and a net result of -€7,590. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability40▲+8
Solvency90=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.34 in 2024; short-term debt: 26.2% and cash: 0% of total assets), and 34.9% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 24 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€7,590
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
26 d late
2024
57 d early
2023
42 d early
2022
76 d early
2021
30 d early
2020
17 d early
2019
15 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 June (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 9 July 2002, BRIMCO was incorporated.1 Total assets went from EUR 493,071 in 2018 to EUR 459,021 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€298,790▼ 2.5%
2024 · €306,381
Total assets
€459,021▼ 3.1%
2024 · €473,830
Net result
-€7,590▲ 41.6%
2024 · -€13,005
Working capital
-€72,112▲ 12.9%
2024 · -€82,820
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-€3,499-€5,977▼ 70.8%-€5,654▲ 5.4%-€10,459▼ 85.0%-€4,189▲ 59.9%
Net result-€7,131▼ 221%-€10,715▼ 50.3%-€8,276▲ 22.8%-€13,005▼ 57.1%-€7,590▲ 41.6%
Equity€338,377▼ 2.1%€327,661▼ 3.2%€319,386▼ 2.5%€306,381▼ 4.1%€298,790▼ 2.5%
Total assets€531,227▼ 4.4%€503,407▼ 5.2%€488,204▼ 3.0%€473,830▼ 2.9%€459,021▼ 3.1%
Debt€142,705▼ 9.5%€128,156▼ 10.2%€123,784▼ 3.4%€124,971▲ 1.0%€120,308▼ 3.7%
Working capital-€101,195▲ 1.6%-€95,504▲ 5.6%-€85,755▲ 10.2%-€82,820▲ 3.4%-€72,112▲ 12.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€3,499-€3,499Net result 2021: -€7,131-€7,131Operating result 2022: -€5,977-€5,977Net result 2022: -€10,715-€10,715Operating result 2023: -€5,654-€5,654Net result 2023: -€8,276-€8,276Operating result 2024: -€10,459-€10,459Net result 2024: -€13,005-€13,005Operating result 2025: -€4,189-€4,189Net result 2025: -€7,590-€7,59020212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€5,654-€5,650Net result 2023: -€8,276-€8,280Operating result 2024: -€10,459-€10,500Net result 2024: -€13,005-€13,000Operating result 2025: -€4,189-€4,190Net result 2025: -€7,590-€7,590202320242025
The operating result stays negative: a loss of €4,189 in 2025 against €10,459 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €459,021
Fixed assets €411,017 ▼ 4.8%
Current assets €48,004 ▲ 14.1%
Equity and liabilities €459,021
Equity €298,790 ▼ 2.5%
Provisions €39,923 ▼ 6.0%
Debt €120,308 ▼ 3.7%
Debt's share of the balance-sheet total falls from 26.4% to 26.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€16,539▲
2024 · €10,154
Cash flow
€13,138▲
2024 · €7,609
Current ratio
0.40▲
2024 · 0.34
Debt to equity
0.40▼
2024 · 0.41
ROE
-2.5%▲
2024 · -4.2%
ROA
-1.7%▲
2024 · -2.7%
Interest coverage
2.78▲
2024 · 1.99
Debt ≤ 1 year
€120,116▼
2024 · €124,905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 8,616 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€473,830€459,021▼
Fixed assets21/28€431,745€411,017▼
Tangible fixed assets22/27€431,745€411,017▼
Land and buildings22€431,745€411,017▼
Current assets29/58€42,085€48,004▲
Amounts receivable within one year40/41€41,648€47,589▲
Other amounts receivable41€41,648€47,589▲
Cash at bank and in hand54/58€198€163▼
Deferred charges and accrued income490/1€240€252▲
Equity and liabilities
Total equity and liabilities10/49€473,830€459,021▼
Equity10/15€306,381€298,790▼
Contributions10/11€160,000€160,000=
Capital10€121,364€121,364=
Issued capital100€121,364€121,364=
Outside capital11€38,636€38,636=
Share premium1100/10€38,636€38,636=
Reserves13€135,864€128,197▼
Non-distributable reserves130/1€4,478€4,478=
Legal reserve130€4,478€4,478=
Tax-exempt reserves132€131,386€123,719▼
Profit (loss) carried forward14€10,517€10,593▲
Provisions and deferred taxes16€42,479€39,923▼
Deferred taxes168€42,479€39,923▼
Amounts payable17/49€124,971€120,308▼
Amounts payable within one year42/48€124,905€120,116▼
Trade debts44€1,153-
Suppliers440/4€1,153-
Taxes, remuneration and social security45€1,500€1,740▲
Taxes450/3€1,500€1,740▲
Other amounts payable47/48€122,252€118,376▼
Accrued charges and deferred income492/3€66€192▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,613€20,728▲
Other operating charges640/8€2,014€2,443▲
Gross operating margin9900€12,169€18,982▲
Operating profit (loss)9901-€10,459-€4,189▲
Financial charges65/66B€5,101€5,956▲
Recurring financial charges65€5,101€5,956▲
Profit (loss) for the period before taxes9903-€15,560-€10,145▲
Transfer from deferred taxes780€2,556€2,555=
Profit (loss) for the period9904-€13,005-€7,590▲
Transfer from tax-exempt reserves789€7,667€7,666=
Profit (loss) for the period to be appropriated9905-€5,338€76▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,517€10,593▲
Profit (loss) brought forward from the previous period14P€15,855€10,517▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,518€20,518€20,516€20,613€20,728▲ 0.6%
Other operating charges640/8€1,985€2,024€2,284€2,014€2,443▲ 21.3%
Gross operating margin9900€19,003€16,564€17,147€12,169€18,982▲ 56.0%
Operating profit (loss)9901-€3,499-€5,977-€5,654-€10,459-€4,189▲ 59.9%
Financial income75/76B€0-----
Recurring financial income75€0-----
Financial charges65/66B€6,187€5,484€5,178€5,101€5,956▲ 16.8%
Recurring financial charges65€6,187€5,484€5,178€5,101€5,956▲ 16.8%
Profit (loss) for the period before taxes9903-€9,687-€11,462-€10,831-€15,560-€10,145▲ 34.8%
Transfer from deferred taxes780€2,556€2,556€2,556€2,556€2,555=
Income taxes67/77-€1,810----
Profit (loss) for the period9904-€7,131-€10,715-€8,276-€13,005-€7,590▲ 41.6%
Transfer from tax-exempt reserves789€7,667€7,667€7,667€7,667€7,666=
Profit (loss) for the period to be appropriated9905€536-€3,048-€609-€5,338€76▲ 101%
Line20212022202320242025Change
Assets
Total assets20/58€531,227€503,407€488,204€473,830€459,021▼ 3.1%
Fixed assets21/28€491,273€470,755€450,239€431,745€411,017▼ 4.8%
Tangible fixed assets22/27€491,273€470,755€450,239€431,745€411,017▼ 4.8%
Land and buildings22€491,273€470,755€450,239€431,745€411,017▼ 4.8%
Current assets29/58€39,954€32,652€37,965€42,085€48,004▲ 14.1%
Amounts receivable within one year40/41€300€0-€41,648€47,589▲ 14.3%
Other amounts receivable41€300€0-€41,648€47,589▲ 14.3%
Cash at bank and in hand54/58€2,354€550€519€198€163▼ 17.6%
Deferred charges and accrued income490/1€37,300€32,102€37,446€240€252▲ 5.1%
Equity and liabilities
Total equity and liabilities10/49€531,227€503,407€488,204€473,830€459,021▼ 3.1%
Equity10/15€338,377€327,661€319,386€306,381€298,790▼ 2.5%
Contributions10/11€160,000€160,000€160,000€160,000€160,000=
Capital10€160,000€160,000€121,364€121,364€121,364=
Issued capital100€160,000€160,000€121,364€121,364€121,364=
Outside capital11--€38,636€38,636€38,636=
Share premium1100/10--€38,636€38,636€38,636=
Reserves13€158,865€151,198€143,531€135,864€128,197▼ 5.6%
Non-distributable reserves130/1€4,478€4,478€4,478€4,478€4,478=
Legal reserve130€4,478€4,478€4,478€4,478€4,478=
Tax-exempt reserves132€154,387€146,720€139,053€131,386€123,719▼ 5.8%
Profit (loss) carried forward14€19,512€16,463€15,855€10,517€10,593▲ 0.7%
Provisions and deferred taxes16€50,146€47,590€45,034€42,479€39,923▼ 6.0%
Deferred taxes168€50,146€47,590€45,034€42,479€39,923▼ 6.0%
Amounts payable17/49€142,705€128,156€123,784€124,971€120,308▼ 3.7%
Amounts payable after more than one year17€1,556€0----
Financial debts170/4€1,556€0----
Amounts payable within one year42/48€141,149€128,156€123,720€124,905€120,116▼ 3.8%
Current portion of amounts payable after more than one year42€9,197€1,556----
Trade debts44€2,911€1,012€2,299€1,153--
Suppliers440/4€2,911€1,012€2,299€1,153--
Taxes, remuneration and social security45--€1,500€1,500€1,740▲ 16.0%
Taxes450/3--€1,500€1,500€1,740▲ 16.0%
Other amounts payable47/48€129,040€125,588€119,920€122,252€118,376▼ 3.2%
Accrued charges and deferred income492/3--€64€66€192▲ 192%
Line20212022202320242025Change
Profit (loss) for the period9904-€7,131-€10,715-€8,276-€13,005-€7,590▲ 41.6%
+ Depreciation and write-downs630€20,518€20,518€20,516€20,613€20,728▲ 0.6%
Operating cash flow (approximation)€13,387€9,802€12,241€7,609€13,138▲ 72.7%
Investment in fixed assets (approximation)-€0€0-€2,120€0▲ 100%
Change in cash--€1,804-€31-€321-€35▲ 89.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€13,005
Net result drops to -€13,005, the lowest in the series; recovery starts the following year.
19-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
16-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Kortrijk · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
3,485 m²
Building footprint
2,352 m²
Volume, LiDAR
37,031 m³
Parcel 34353B0085/00X032, Flanders · tallest building 20.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Groeningekaai(Kor) 24, 8500 Kortrijk
NACE 7012001
since 20022.101.853.705
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34353B0085/00X032 Flanders 3,485 m² 1 · 2,352 m² 20.8 m · 5 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.

Identification & contact

Identification
Legal formPublic limited company
Founded09-07-2002
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.