Equity
-€160,018
Debts exceed assets in financial year 2025.
BRM IMMO
Lifetime
7 annual accounts with figures on one time axis, 8 filings since 2018peak €112,762 (2025)
€112,762▲ 47.1%
lowest -€102,908 (2022)
-€10,082▲ €15,492
peak €110,307 (2019)
-€160,018▼ €10,082
€394,357▼ 5.4%
Board2 names since 2017
1 directorKAIVERS Jean-François
Owners
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €76,672 to €112,762Loss of €10,082Cash from €24,424 to €44,052
Key points
from the 2025 annual accountsLosses
-€282,809 in seven years
Every financial year from 2019 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€394,357 168% of the balance sheet
Financial debts 2%Suppliers 6%Taxes and wages 1%Other 91%
Of this, €367,421 falls due within a year.
Investments
€161,960 6.2 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 37.4% higher than in 2024.
Filings
8 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€160,018
Less equity than 95% of companies in personal services. Sector median €15,244 · 5,767 companies.
Checked score
54
Fair
Financially stronger than 26% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.4%● unchanged vs 12-2024
02-2025: 3.4%● unchanged vs 01-2025
03-2025: 3.2%▼ -0.2 percentage points vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 3.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▼ -0.1 percentage points vs 05-2025
07-2025: 3.0%● unchanged vs 06-2025
08-2025: 3.9%▲ +0.9 percentage points vs 07-2025
09-2025: 4.2%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 2.0%▼ -2.2 percentage points vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 1.9%▼ -0.1 percentage points vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 1.8%▼ -0.1 percentage points vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.7 percentage points vs 07-2026
09-2026: 3.0%▲ +0.4 percentage points vs 08-2026
10-2026: 1.5%▼ -1.5 percentage points vs 09-2026lowest value
11-2026: 1.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€160,018
Last filed accounts filed 61 days late; 1 of the last 3 accounts late
2 establishment units
lowers risk
Size: total assets €234,338
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 11% of them on solvency, 18% on liquidity, 43% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as BRM IMMO has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BRM IMMO itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,564 companies, not a prediction for BRM IMMO. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.19 (0.22 in 2024), below 1. Short-term debt is 156.8% and cash 18.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€160,018
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
61 days late
2024
30 days late
2023
28 days late
2022
31 days late
2021
31 days late
2020
26 days late
2019
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0676449591
Appointment: BERNARD Laurence Anne Josèphe Marie-Thérèse (director)
“La constitution et la gestion de patrimoine mobilier et/ou immobilier,notamment l’acquisition par l’achat ou…” (deed in French) · General meeting of 04-09-2023 · Gazette deed
New establishment in Braives
Maderolo, Passage du Jardinier 1
Reappointment: KAIVERS Jean-François (director)
“La constitution et la gestion de patrimoine mobilier et/ou immobilier,notamment l’acquisition par l’achat ou…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 18-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRM IMMO Waremme | €234,338 | €112,762 | -68.3% | - |
| Biolis Schilde | €250,568 | €123,083 | 88.3% | - |
| THOR Management & Sales Grobbendonk | €225,970 | €126,644 | 46.7% | - |
| CORE-IT Walcourt | €246,347 | €139,135 | 64.6% | - |
| Posément couleurs Huy | €210,159 | €150,514 | 35.0% | - |
| LCNK Verviers | €277,096 | €150,669 | 6.8% | - |
| JustBeGest Ans | €332,726 | €91,475 | 35.5% | - |
These companies have the same main activity as BRM IMMO: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €210,000 and €333,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 31-05-2017Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Beauty care and other beauty treatmentsNACE 96220and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment units
- 2.331.202.7804300 Waremme, since 31-05-2017
- 2.353.014.3204263 Braives, since 04-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-02-2026
Annual accounts 2025
- ≈ €200,000estimated
- €234,338▼ 12.2%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 30-09-2026
Insights on BRM IMMO
BRM IMMO files the micro format. That format states no turnover. The gross margin rose from €19,811 in 2019 to €112,762 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BRM IMMO
- What is the company number of BRM IMMO?
- The company number of BRM IMMO is 0676.449.591. The VAT number is the same number with BE in front: BE 0676.449.591.
- Where is BRM IMMO based?
- The registered office is at Rue Saint-Eloi 211, 4300 Waremme.Company details
- What does BRM IMMO do?
- According to the KBO register, the main activity is beauty care and other beauty treatments (NACE 96220).
- What is the legal form of BRM IMMO?
- BRM IMMO is a private limited company (BV).
- When was BRM IMMO founded?
- BRM IMMO was founded on 31-05-2017.
- Is BRM IMMO still active?
- Yes, BRM IMMO is an active enterprise in the KBO register.
- How many employees does BRM IMMO have?
- BRM IMMO had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BRM IMMO fall under?
- In its 2024 annual accounts, BRM IMMO states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of BRM IMMO?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €112,762 and 38 comparable companies (NACE 96). It probably lies between €150,000 and €230,000.
- Is BRM IMMO profitable?
- In financial year 2025, BRM IMMO made a loss of €10,082.
- Where can I find the annual accounts of BRM IMMO?
- BRM IMMO filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRM IMMO due?
- BRM IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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