BRONIMMO
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 26 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€92,058▼ 47.1%
2025 · -€62,572
Working capital
-€228,154▼ 290%
2025 · -€58,512
Multi-year overview
2019 to 2026, 8 financial yearsOperating result
-€81,225
▼ 74.1%
2026
20192026
Net result
-€92,058
▼ 47.1%
2026
20192026
Equity
€79,739
▼ 53.6%
2026
20192026
Total assets
€506,148
▼ 6.8%
2026
20192026
Debt
€426,410
▲ 14.8%
2026
20192026
Working capital
-€228,154
▼ 290%
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.6m--€0.05m-€0.4m▼ 562%-€0.06m▲ 82.8%-€0.1m▼ 116%-€0.05m▲ 63.4%-€0.05m▲ 4.1%-€0.08m▼ 74.1%
Net result€0.4m--€0.08m-€0.3m▼ 215%-€0.08m▲ 67.5%-€0.1m▼ 17.9%-€0.06m▲ 36.5%-€0.06m▲ 1.6%-€0.09m▼ 47.1%
Equity€0.8m-€0.7m▼ 10.1%€0.5m▼ 35.1%€0.4m▼ 17.6%€0.3m▼ 25.2%€0.2m▼ 21.3%€0.2m▼ 26.7%€0.08m▼ 53.6%
Total assets€2.1m-€2.6m▲ 22.0%€3.3m▲ 28.1%€1.5m▼ 53.9%€1.0m▼ 35.9%€0.8m▼ 21.2%€0.5m▼ 29.4%€0.5m▼ 6.8%
Debt€1.1m-€1.6m▲ 50.0%€2.8m▲ 68.2%€1.1m▼ 61.3%€0.7m▼ 36.8%€0.5m▼ 21.2%€0.4m▼ 30.6%€0.4m▲ 14.8%
Working capital€0.5m--€0.01m-€0.3m▼ 2,452%-€0.1m▲ 59.2%€0.1m€0.04m▼ 75.0%-€0.06m-€0.2m▼ 290%
The operating result for 2026 is a loss of €81,225, larger than the loss of €46,662 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €506,148
Fixed assets
€489,358 ▲ 1.3%
Current assets
€16,790 ▼ 72.1%
Equity and liabilities €506,148
Equity
€79,739 ▼ 53.6%
Debt
€426,410 ▲ 14.8%
Debt's share of the balance-sheet total rises from 68.4% to 84.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€40,172▼
2025 · -€5,015
Cash flow
-€51,005▼
2025 · -€20,925
Current ratio
0.07▼
2025 · 0.51
Debt to equity
5.35▲
2025 · 2.16
ROE
-115.4%▼
2025 · -36.4%
ROA
-18.2%▼
2025 · -11.5%
Interest coverage
-3.71▼
2025 · -0.32
Debt ≤ 1 year
€244,944▲
2025 · €118,698
Debt > 1 year
€181,465▼
2025 · €252,635
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €27,500 | - | - | - | - |
| Carrying value of the mortgaged assets | €1.0m | - | - | - | - |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €102,561 | €36,389 | €14,617 | - | €47,467 |
| Depreciation and write-downs of the year | €65,791 | €38,733 | €42,090 | €41,646 | €41,053 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €134,178 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,686 | €78,855 | €129,799 | €65,791 | €38,733 | €42,090 | €41,646 | €41,053 | ▼ 1.4% |
| Other operating charges640/8 | - | - | - | €50,174 | €214,103 | €6,006 | €10,066 | €6,366 | ▼ 36.8% |
| Gross operating margin9900 | €692,159 | €35,498 | €115,294 | €54,219 | €119,651 | -€585 | €5,051 | -€33,806 | - |
| Operating profit (loss)9901 | €610,339 | -€54,118 | -€358,157 | -€61,745 | -€133,185 | -€48,681 | -€46,662 | -€81,225 | ▼ 74.1% |
| Financial income75/76B | - | - | - | €3 | €0 | - | €0 | - | - |
| Recurring financial income75 | €278 | - | - | €3 | €0 | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €23,230 | €19,480 | €14,897 | €15,910 | €10,833 | ▼ 31.9% |
| Recurring financial charges65 | €23,017 | €30,745 | €40,972 | €23,230 | €19,480 | €14,897 | €15,910 | €10,833 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €587,600 | -€84,862 | -€399,129 | -€84,973 | -€152,664 | -€63,578 | -€62,572 | -€92,058 | ▼ 47.1% |
| Transfer from deferred taxes780 | - | - | - | - | €52,465 | - | - | - | - |
| Profit (loss) for the period9904 | €396,180 | -€83,240 | -€261,796 | -€84,973 | -€100,199 | -€63,578 | -€62,572 | -€92,058 | ▼ 47.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €128,449 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€72,470 | -€79,269 | €74,434 | -€84,973 | €28,249 | -€63,578 | -€62,572 | -€92,058 | ▼ 47.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.6m | €3.3m | €1.5m | €1.0m | €0.8m | €0.5m | €0.5m | ▼ 6.8% |
| Fixed assets21/28 | €0.8m | €1.6m | €1.4m | €1.0m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 1.3% |
| Tangible fixed assets22/27 | €0.8m | €1.6m | €1.4m | €1.0m | €0.6m | €0.5m | €0.5m | €0.5m | ▲ 1.3% |
| Land and buildings22 | - | - | - | €1.0m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 1.5% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.002m | €0.001m | €0.003m | ▲ 95.0% |
| Furniture and vehicles24 | - | - | - | - | €0.004m | €0.006m | €0.003m | €0.001m | ▼ 61.8% |
| Current assets29/58 | €1.3m | €1.0m | €2.0m | €0.5m | €0.4m | €0.2m | €0.06m | €0.02m | ▼ 72.1% |
| Amounts receivable within one year40/41 | €1.0m | €1.0m | €1.9m | €0.3m | €0.07m | €0.07m | €0.02m | €0.01m | ▼ 19.2% |
| Trade receivables40 | - | - | - | €0.3m | - | - | €0.001m | - | - |
| Other amounts receivable41 | - | - | - | €0.008m | €0.07m | €0.07m | €0.02m | €0.01m | ▼ 12.1% |
| Cash at bank and in hand54/58 | €0.3m | €0.007m | €0.02m | €0.2m | €0.4m | €0.2m | €0.04m | €0.002m | ▼ 94.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €118 | €115 | €136 | €175 | ▲ 28.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.6m | €3.3m | €1.5m | €1.0m | €0.8m | €0.5m | €0.5m | ▼ 6.8% |
| Equity10/15 | €0.8m | €0.7m | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | €0.08m | ▼ 53.6% |
| Contributions10/11 | €0.006m | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Revaluation surpluses12 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.5m | €0.5m | €0.1m | €0.1m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0.006m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.1m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.005m | €0.005m | €0.005m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | -€0.3m | -€0.4m | ▼ 26.7% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.05m | €0.05m | - | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.05m | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.6m | €2.8m | €1.1m | €0.7m | €0.5m | €0.4m | €0.4m | ▲ 14.8% |
| Amounts payable after more than one year17 | €0.3m | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 28.2% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 28.2% |
| Amounts payable within one year42/48 | €0.8m | €1.0m | €2.2m | €0.6m | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 106% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | ▼ 3.8% |
| Financial debts43 | - | - | - | €0.2m | €0.1m | €0.09m | €0.04m | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | €0.1m | €0.09m | €0.04m | - | - |
| Trade debts44 | €0.3m | €0.2m | €0.2m | €0.005m | €0.008m | €392 | €0.001m | €0.005m | ▲ 785% |
| Suppliers440/4 | - | - | - | €0.005m | €0.008m | €392 | €0.001m | €0.005m | ▲ 785% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.07m | €0.05m | - | €0.2m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €396,180 | -€83,240 | -€261,796 | -€84,973 | -€100,199 | -€63,578 | -€62,572 | -€92,058 | ▼ 47.1% |
| + Depreciation and write-downs630 | €68,686 | €78,855 | €129,799 | €65,791 | €38,733 | €42,090 | €41,646 | €41,053 | ▼ 1.4% |
| Operating cash flow (approximation) | €464,866 | -€4,385 | -€131,996 | -€19,182 | -€61,466 | -€21,488 | -€20,925 | -€51,005 | ▼ 144% |
| Investment in fixed assets (approximation) | - | -€871,101 | €78,821 | €250,339 | €445,504 | -€14,617 | €0 | -€47,467 | - |
| Change in cash | - | -€293,861 | €13,032 | €169,780 | €166,318 | -€179,986 | -€134,128 | -€40,021 | ▲ 70.2% |
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, 307 companies had the same profile as BRONIMMO has now. Two years later, 88.9% were still going and 4.9% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
88.9%
was still going
5.2%
stopped otherwise
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BRONIMMO itself is lower: 0.6% within 12 months. It rests on far more data about BRONIMMO 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 307 companies, not a prediction for BRONIMMO. 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.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00596959 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00559092 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00525152 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00502634 | |
| 31-03-2022 | micro format | 30-11-2022 | 2022-20532226 | |
| 31-03-2021 | micro format | 30-10-2021 | 2021-76200492 | |
| 31-03-2020 | full format | 17-10-2020 | 2020-62000308 | |
| 31-03-2019 | full format | 26-09-2019 | 2019-66200495 | |
| 31-03-2018 | abbreviated format | 24-09-2018 | 2018-64100086 | |
| 31-03-2017 | abbreviated format | 13-07-2017 | 2017-31100164 |