BRIVAKE

Active

Private limited companyfounded 199926 yrs activeRue des Ecoles(NAL) 4, 6120 Ham-sur-Heure-Nalinnes, BelgiumKBO/BCE: BE 0467.498.230

The computed 12-month bankruptcy probability of BRIVAKE is 1.6% (moderate). The 2025 annual accounts show equity of €68k and a net result of €657. Equity is growing by ~48% per year across the filed fiscal years. Its solvency ranks better than 83% of 13009 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

81 / 100

Excellent▼ -12 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability5▼-95

Solvency100▲+1

Growth65=

Stability100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 4.16 against 3.57 in 2024), and 29.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

70.3%

Return on assets

0.7%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

31 d early

2024

3 d early

2023

21 d early

2022

76 d early

2021

61 d late

2020

61 d late

2019

73 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

€253k▲ 25.0%

2021 · €202k

2018: €232k 2019: €203k 2020: €169k 2021: €202k

2018 → 2022

EBIT margin

6.8%▼ 10.2pp

2021 · 17.0%

2018: 3.9% 2019: -1.0% 2020: 3.6% 2021: 17.0%

2018 → 2022

Net result

€657▼ 96.9%

2024 · €21k

2018: €-6k 2019: €-5k 2020: €5k 2021: €30k 2022: €12k 2023: €23k 2024: €21k

2018 → 2025

Working capital

€69k▼ 6.6%

2024 · €74k

2018: €3k 2019: €-2k 2020: €-2k 2021: €26k 2022: €36k 2023: €47k 2024: €74k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€202k-€253k▲ 25.0%

Equity€23k-€35k▲ 52.4%€52k▲ 48.3%€67k▲ 29.6%€68k▲ 1.0%

Operating result€34k-€17k▼ 49.9%€30k▲ 74.4%€30k▲ 1.3%€4k▼ 85.4%

Net result€30k-€12k▼ 60.1%€23k▲ 90.3%€21k▼ 6.9%€657▼ 96.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €97k

94.5%

Fixed assets €5k▲ 52.6%

Current assets €91k▼ 11.4%

Equity and liabilities €97k

70.3%

29.7%

Equity €68k▲ 1.0%

Debt €29k▼ 26.9%

The debt ratio falls from 36.9% to 29.7%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€6k▼

2024 · €32k

Cash flow

€3k▼

2024 · €23k

Solvency

70.3%▲

2024 · 63.1%

Current ratio

4.16▲

2024 · 3.57

Quick ratio

3.88▲

2024 · 3.34

Debt / equity

0.42▼

2024 · 0.58

ROE

1.0%▼

2024 · 31.7%

ROA

0.7%▼

2024 · 20.0%

Interest coverage

1.70▼

2024 · 10.30

Debt

€29k▼

2024 · €39k

Debt ≤ 1 year

€22k▼

2024 · €29k

Debt > 1 year

€7k▼

2024 · €11k

Income taxes

€372▼

2024 · €6k

Staff costs

€42k▲

2024 · €35k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€107k€97k▼

Fixed assets21/28€3k€5k▲

Intangible fixed assets21€47-

Tangible fixed assets22/27€3k€5k▲

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€1k€491▼

Other tangible fixed assets26€159€4k▲

Current assets29/58€103k€91k▼

Stocks and contracts in progress3€7k€6k▼

Stocks30/36€7k€6k▼

Amounts receivable within one year40/41€26k€27k▲

Trade receivables40€23€126▲

Other amounts receivable41€26k€26k▲

Cash at bank and in hand54/58€69k€57k▼

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€107k€97k▼

Equity10/15€67k€68k▲

Contributions10/11€12k€12k=

Reserves13€17k€18k▲

Distributable reserves133€17k€18k▲

Profit (loss) carried forward14€38k€38k=

Amounts payable17/49€39k€29k▼

Amounts payable after more than one year17€11k€7k▼

Financial debts170/4€11k€7k▼

Amounts payable within one year42/48€29k€22k▼

Current portion of amounts payable after more than one year42€4k€5k▲

Trade debts44€3k€3k▲

Suppliers440/4€3k€3k▲

Taxes, remuneration and social security45€15k€13k▼

Taxes450/3€11k€5k▼

Remuneration and social security454/9€4k€8k▲

Other amounts payable47/48€6k€1k▼

Income statement Code20242025

Remuneration, social security and pensions62€35k€42k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€399€335▼

Gross operating margin9900€68k€49k▼

Operating profit (loss)9901€30k€4k▼

Financial income75/76B€447€358▼

Recurring financial income75€447€358▼

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€28k€1k▼

Income taxes67/77€6k€372▼

Profit (loss) for the period9904€21k€657▼

Profit (loss) for the period to be appropriated9905€21k€657▼

Appropriation of the result

Profit (loss) to be appropriated9906€59k€38k▼

Profit (loss) brought forward from the previous period14P€38k€38k=

Transfer to equity691/2€15k€657▼

To other reserves6921€15k€657▼

Profit to be distributed694/7€6k-

Directors or managers695€6k-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

10-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

16-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 61 days late

2021

31-12

Financial Highest result since 2018net €30k ▲524%

Operating result €34k, net result €30k, both a record.

31-12

Financial Liquidity triplescurrent ratio 2.80

Current ratio from 0.90 to 2.80; short-term debt falls from €22k to €15k.

30-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 61 days late

2020

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

12-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 73 days late

2019

27-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 58 days late

2018

25-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 56 days late

2017

21-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 52 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2023

This board is reconstructed from a single act (23484250). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

DISSY Maryse Lucienne Ghislaine

Director · since 28-12-2023

Current

HEINE Raphaël JeanClaude Joël

Director · since 28-12-2023

Current

TEBELAKIS Vasili

Director · since 28-12-2023

Current

28-12-2023 DISSY Maryse Lucienne Ghislaine: Appointed as Director

28-12-2023 HEINE Raphaël JeanClaude Joël: Appointed as Director

28-12-2023 TEBELAKIS Vasili: Appointed as Director