BRIPA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00466593.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 6 filings
Turnover
€292,683
EBIT margin
27.3%
Net result
€44,269
2024 · -€1,797
Working capital
€24,821
2024 · -€1,139
Multi-year overview
2020 to 2025, 6 financial yearsTurnover
€292,683
2025
20202025
Operating result
€79,802
2025
20202025
Net result
€44,269
2025
highest quarter of the sector
20202025
EBIT margin
27.3%
2025
20202025
Equity
€43,114
2025
middle half of the sector
20202025
Total assets
€220,106
▲ 877%
2025
middle half of the sector
20202025
Debt
€176,992
▲ 647%
2025
20202025
Working capital
€24,821
2025
middle half of the sector
20202025
Solvency
19.6%
▲ 24.7pp
2025
middle half of the sector
20202025
Current ratio
1.23
▲ 0.28
2025
middle half of the sector
20202025
Return on assets (ROA)
20.1%
▲ 28.1pp
2025
highest quarter of the sector
20202025
Staff (FTE)
no figure
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€292,683
Operating result€111-€13,652▲ 122×-€29,311€3,272-€864€79,802
Net result€224within the sector's middle half-€12,021within the sector's middle half▲ 54×-€29,727below the sector's middle half€13,268within the sector's middle half-€1,797within the sector's middle half€44,269above the sector's middle half
EBIT margin27.3%
Equity€6,224within the sector's middle half-€17,102within the sector's middle half▲ 175%-€12,625below the sector's middle half€642within the sector's middle half-€1,155within the sector's middle half€43,114within the sector's middle half
Total assets€54,400within the sector's middle half-€70,699within the sector's middle half▲ 30.0%€49,659within the sector's middle half▼ 29.8%€33,031below the sector's middle half▼ 33.5%€22,526below the sector's middle half▼ 31.8%€220,106within the sector's middle half▲ 877%
Debt€48,176-€53,597▲ 11.3%€62,284▲ 16.2%€32,388▼ 48.0%€23,681▼ 26.9%€176,992▲ 647%
Working capital-€39,638below the sector's middle half--€32,435below the sector's middle half▲ 18.2%-€52,087below the sector's middle half▼ 60.6%€642within the sector's middle half-€1,139within the sector's middle half€24,821within the sector's middle half
Solvency11.4%within the sector's middle half-24.2%within the sector's middle half▲ 12.7pp-25.4%below the sector's middle half▼ 49.6pp1.9%within the sector's middle half▲ 27.4pp-5.1%below the sector's middle half▼ 7.1pp19.6%within the sector's middle half▲ 24.7pp
Current ratio0.18below the sector's middle half-0.39below the sector's middle half▲ 0.220.16below the sector's middle half▼ 0.231.02within the sector's middle half▲ 0.860.95within the sector's middle half▼ 0.071.23within the sector's middle half▲ 0.28
Return on assets (ROA)0.4%within the sector's middle half-17.0%within the sector's middle half▲ 16.6pp-59.9%below the sector's middle half▼ 76.9pp40.2%above the sector's middle half▲ 100.0pp-8.0%below the sector's middle half▼ 48.1pp20.1%above the sector's middle half▲ 28.1pp
Staff (FTE)0.1below the sector's middle half-0.2▲ 100%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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 profit of €79,802, after a loss of €864 in 2024. It is the highest result since 2021.
Balance-sheet composition
Assets €220,106
Fixed assets
€87,517
Current assets
€132,589
Equity and liabilities €220,106
Equity
€43,114
Debt
€176,992
Debt's share of the balance-sheet total is 80.4%.
Key figures and ratios
EBITDA
€89,893
Cash flow
€54,359
Quick ratio
1.12▲
2024 · 0.95
Debt to equity
4.11
ROE
102.7%
Interest coverage
3.55
Debt ≤ 1 year
€107,767▲
2024 · €23,664
Debt > 1 year
€69,224▲
2024 · €16
Income taxes
€10,236▲
2024 · €865
Customer credit
5 days
Supplier credit
62 days
Staff costs
€18,064▲
2024 · -€292
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
| in full-time equivalents | 0 |
| Average over the year, in full-time equivalents | 0.1 |
| On a permanent contract | 0 |
| Joined | 8 |
| Left | 8 |
| Training hours | 0 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,457 | - | - | - | €73,308 |
| Intangible fixed assets | - | - | - | - | €15,000 |
| Depreciation and write-downs of the year | €8,782 | €10,076 | - | - | €10,090 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €292,683 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €906 | €181,916 | ▲ 201× |
| Remuneration, social security and pensions62 | - | €10,316 | €28,512 | €6,346 | -€292 | €18,064 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,183 | €8,782 | €10,076 | - | - | €10,090 | - |
| Other operating charges640/8 | - | €606 | €7,033 | €1,762 | €250 | €2,810 | ▲ 11× |
| Gross operating margin9900 | €11,339 | €33,355 | €16,309 | €11,380 | -€906 | €110,767 | - |
| Operating profit (loss)9901 | €111 | €13,652 | -€29,311 | €3,272 | -€864 | €79,802 | - |
| Financial income75/76B | - | €6 | €6 | €17,077 | - | €35 | - |
| Recurring financial income75 | €147 | €6 | €6 | €1,077 | - | €35 | - |
| Non-recurring financial income76B | - | - | - | €16,000 | - | - | - |
| Financial charges65/66B | - | €527 | €422 | €3,633 | €68 | €25,332 | ▲ 373× |
| Recurring financial charges65 | €35 | €527 | €422 | €172 | €68 | €25,332 | ▲ 373× |
| Non-recurring financial charges66B | - | - | - | €3,461 | - | - | - |
| Profit (loss) for the period before taxes9903 | €224 | €13,131 | -€29,727 | €16,716 | -€932 | €54,505 | - |
| Income taxes67/77 | - | €1,110 | - | €3,448 | €865 | €10,236 | ▲ 12× |
| Profit (loss) for the period9904 | €224 | €12,021 | -€29,727 | €13,268 | -€1,797 | €44,269 | - |
| Profit (loss) for the period to be appropriated9905 | €224 | €12,021 | -€29,727 | €13,268 | -€1,797 | €44,269 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €54,400 | €70,699 | €49,659 | €33,031 | €22,526 | €220,106 | ▲ 877% |
| Fixed assets21/28 | €45,862 | €49,537 | €39,461 | - | - | €87,517 | - |
| Intangible fixed assets21 | €20,000 | €18,000 | €16,000 | - | - | €14,000 | - |
| Tangible fixed assets22/27 | €25,862 | €31,537 | €23,461 | - | - | €64,217 | - |
| Plant, machinery and equipment23 | - | €31,062 | €23,425 | - | - | €64,217 | - |
| Furniture and vehicles24 | - | €475 | €37 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | €9,300 | - |
| Current assets29/58 | €8,538 | €21,161 | €10,197 | €33,031 | €22,526 | €132,589 | ▲ 489% |
| Stocks and contracts in progress3 | €2,500 | €6,000 | €4,500 | - | - | €11,667 | - |
| Stocks30/36 | - | €6,000 | €4,500 | - | - | €11,667 | - |
| Amounts receivable within one year40/41 | €1,632 | €306 | €991 | €22,349 | €22,526 | €3,994 | ▼ 82.3% |
| Trade receivables40 | - | €306 | €991 | €22,000 | €22,000 | €3,994 | ▼ 81.8% |
| Other amounts receivable41 | - | - | - | €349 | €526 | - | - |
| Cash at bank and in hand54/58 | €4,043 | €14,855 | €4,706 | €10,682 | - | €116,278 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €650 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €54,400 | €70,699 | €49,659 | €33,031 | €22,526 | €220,106 | ▲ 877% |
| Equity10/15 | €6,224 | €17,102 | -€12,625 | €642 | -€1,155 | €43,114 | - |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | - | €11,100 | €11,100 | €11,100 | €11,100 | €37,110 | ▲ 234% |
| Distributable reserves133 | - | €11,100 | €11,100 | €11,100 | €11,100 | €37,110 | ▲ 234% |
| Profit (loss) carried forward14 | €224 | €2 | -€29,725 | -€16,458 | -€18,255 | €4 | - |
| Amounts payable17/49 | €48,176 | €53,597 | €62,284 | €32,388 | €23,681 | €176,992 | ▲ 647% |
| Amounts payable after more than one year17 | - | - | - | - | €16 | €69,224 | ▲ 4,236× |
| Financial debts170/4 | - | - | - | - | - | €55,025 | - |
| Trade debts175 | - | - | - | - | €16 | €14,199 | ▲ 869× |
| Amounts payable within one year42/48 | €48,176 | €53,597 | €62,284 | €32,388 | €23,664 | €107,767 | ▲ 355% |
| Trade debts44 | €4,386 | €10,611 | €10,061 | €547 | - | €30,928 | - |
| Suppliers440/4 | - | €10,611 | €10,061 | €547 | - | €30,928 | - |
| Taxes, remuneration and social security45 | - | €3,221 | €4,537 | €10 | - | €24,141 | - |
| Taxes450/3 | - | €3,221 | €4,537 | €10 | - | €22,082 | - |
| Remuneration and social security454/9 | - | - | - | - | - | €2,059 | - |
| Other amounts payable47/48 | - | €39,765 | €47,686 | €31,831 | €23,664 | €52,698 | ▲ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €224 | €12,021 | -€29,727 | €13,268 | -€1,797 | €44,269 | - |
| + Depreciation and write-downs630 | €1,183 | €8,782 | €10,076 | - | - | €10,090 | - |
| Operating cash flow (approximation) | €1,407 | €20,802 | -€19,651 | €13,268 | -€1,797 | €54,359 | - |
| Investment in fixed assets (approximation) | - | -€12,457 | €0 | - | - | - | - |
| Change in cash | - | €10,812 | -€10,149 | €5,975 | - | - | - |
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, 6,713 companies had the same profile as BRIPA has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BRIPA itself is higher: 7.5% within 12 months. It rests on far more data about BRIPA than the profile alone.
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 6,713 companies, not a prediction for BRIPA. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00466593 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00388097 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00211212 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00340514 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20344436 | |
| 31-12-2020 | micro format | 09-09-2021 | 2021-66700030 |