Summary
Brosa has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2015 annual accounts show equity of €89,120 and a net result of €11,038. Equity remains stable across the filed fiscal years (±2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2015 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2015 · tick = 2014
Profitability44▲+4
Solvency46▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2015Solvency, return and age of the figures
Solvency
21.4%
Return on assets
2.7%
Age of the figures
129 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · No filing for years
The last filed financial year closed on 31-12-2015. Since then, 10 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2016 close31-07-2017 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 01-07-2016, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2015, abbreviated schema
Equity
€89,120▲ 1.2%
2014 · €88,081
Total assets
€415,498▼ 24.2%
2014 · €548,045
Net result
€11,038▲ 133%
2014 · €4,746
Working capital
€243,788▼ 36.3%
2014 · €382,573
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
Line20112012201320142015
Operating result€36,933-€35,337▼ 4.3%€42,269▲ 19.6%€22,145▼ 47.6%€23,170▲ 4.6%
Net result€7,680-€6,726▼ 12.4%€10,331▲ 53.6%€4,746▼ 54.1%€11,038▲ 133%
Equity€82,778-€83,004▲ 0.3%€83,335▲ 0.4%€88,081▲ 5.7%€89,120▲ 1.2%
Total assets€507,581-€597,463▲ 17.7%€693,979▲ 16.2%€548,045▼ 21.0%€415,498▼ 24.2%
Debt€424,803-€514,459▲ 21.1%€610,644▲ 18.7%€459,964▼ 24.7%€326,378▼ 29.0%
Working capital€238,029-€247,496▲ 4.0%€327,827▲ 32.5%€382,573▲ 16.7%€243,788▼ 36.3%
Staff (FTE)21.1-23.7▲ 12.3%24.6▲ 3.8%2.8▼ 88.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2014 Staff (FTE) -89% on 2013. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2015; 2015 is 5% above 2014.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €415,498
Fixed assets
€150,110 ▲ 7.0%
Current assets
€265,388 ▼ 34.9%
Equity and liabilities €415,498
Equity
€89,120 ▲ 1.2%
Debt
€326,378 ▼ 29.0%
Debt's share of the balance-sheet total falls from 83.9% to 78.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,740
Cash flow
€11,608
Current ratio
12.29▼
2014 · 16.19
Debt to equity
3.42▼
2014 · 3.46
ROE
12.4%▲
2014 · 5.4%
ROA
2.7%▲
2014 · 0.9%
Debt ≤ 1 year
€21,600▼
2014 · €25,186
Debt > 1 year
€304,778=
2014 · €304,778
Income taxes
€4,883▲
2014 · €3,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,720 | €9,240 | - | - | €570 | - |
| Gross operating margin9900 | €996,620 | €1.1m | €1.3m | €153,157 | €35,510 | ▼ 76.8% |
| Operating profit (loss)9901 | €36,933 | €35,337 | €42,269 | €22,145 | €23,170 | ▲ 4.6% |
| Recurring financial income75 | €271 | - | - | €4,491 | €11,387 | ▲ 154% |
| Recurring financial charges65 | €18,511 | €18,287 | €18,605 | €18,422 | €18,636 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €18,693 | €17,050 | €23,664 | €8,214 | €15,922 | ▲ 93.8% |
| Income taxes67/77 | €11,013 | €10,324 | €13,333 | €3,467 | €4,883 | ▲ 40.8% |
| Profit (loss) for the period9904 | €7,680 | €6,726 | €10,331 | €4,746 | €11,038 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €7,680 | €6,726 | €10,331 | €4,746 | €11,038 | ▲ 133% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €507,581 | €597,463 | €693,979 | €548,045 | €415,498 | ▼ 24.2% |
| Fixed assets21/28 | €149,526 | €140,286 | €140,286 | €140,286 | €150,110 | ▲ 7.0% |
| Tangible fixed assets22/27 | €149,526 | €140,286 | €140,286 | €140,286 | €150,110 | ▲ 7.0% |
| Current assets29/58 | €358,054 | €457,177 | €553,693 | €407,759 | €265,388 | ▼ 34.9% |
| Amounts receivable within one year40/41 | €348,343 | €438,294 | €534,995 | €329,170 | €180,712 | ▼ 45.1% |
| Current investments50/53 | - | - | - | - | €84,676 | - |
| Cash at bank and in hand54/58 | €9,712 | €18,883 | €15,780 | €78,589 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €507,581 | €597,463 | €693,979 | €548,045 | €415,498 | ▼ 24.2% |
| Equity10/15 | €82,778 | €83,004 | €83,335 | €88,081 | €89,120 | ▲ 1.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €20,778 | €21,004 | €21,335 | €26,081 | €27,120 | ▲ 4.0% |
| Amounts payable17/49 | €424,803 | €514,459 | €610,644 | €459,964 | €326,378 | ▼ 29.0% |
| Amounts payable after more than one year17 | €304,778 | €304,778 | €304,778 | €304,778 | €304,778 | = |
| Amounts payable within one year42/48 | €120,025 | €209,681 | €225,866 | €25,186 | €21,600 | ▼ 14.2% |
| Trade debts44 | €220 | €25,629 | €83,725 | €5,152 | €4,380 | ▼ 15.0% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,680 | €6,726 | €10,331 | €4,746 | €11,038 | ▲ 133% |
| + Depreciation and write-downs630 | €27,720 | €9,240 | - | - | €570 | - |
| Operating cash flow (approximation) | €35,401 | €15,966 | €10,331 | €4,746 | €11,608 | ▲ 145% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | €0 | -€10,393 | - |
| Change in cash | - | €9,171 | -€3,103 | €62,809 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Highest result since 2011net €11,038 ▲133%
Net result €11,038, the highest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Weakest financial yearnet €4,746 ▼54.1%
Net result drops to €4,746, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 16.19
Current ratio from 2.45 to 16.19; short-term debt falls from €225,866 to €25,186.
30-10
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 91 days late
2013
20-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
14-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2011
16-02
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
2010
19-06
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
03-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
02-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
13-06
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Oudenburg · 1 establishment unit since 1995
Ground area
1,292 m²
Building footprint
473 m²
Volume, LiDAR
1,128 m³
Parcel 35014B0782/00D003, Flanders · tallest building 10.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DE BETERE BADKAMER
since 19952.074.183.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35014B0782/00D003 | Flanders | 1,292 m² | 1 · 473 m² | 10.1 m |
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.
Similar companies · same sector, comparable size
Frédéric CLAES
BE 0888.173.768
Wavre · Eq €89,226
VANKIBO
BE 0453.456.687
Zedelgem · Eq €88,924
YUCRO
BE 0459.330.137
Hasselt · Eq €88,909
L.B-POST INVEST
BE 0745.384.127
Liège · Eq €89,377
MILANINVEST
BE 0889.796.836
Nivelles · Eq €89,461
Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 3,678 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded24-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455841996
Also
9925:BE0455841996
Registered
13-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.