BROTHINVEST
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 24-10-2024, 85 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
85 d late
2022
1 d early
2021
30 d late
2020
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k
2022 · €68k
2020: €333k
2021: €292k
2022: €68k
2020 → 2023
Working capital
€-220k▼ 64.1%
2022 · €-134k
2020: €-288k
2021: €-79k
2022: €-134k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€358k-€649k▲ 81.6%€717k▲ 10.4%€713k▼ 0.6%
Operating result€10k-€4k▼ 60.7%€-7k€-3k▲ 51.8%
Net result€333k-€292k▼ 12.3%€68k▼ 76.8%€-4k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2023 against €7k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.18M =
Current assets
€25k ▼ 66.8%
Equity and liabilities €1.21M
Equity
€713k ▼ 0.6%
Debt
€492k ▼ 8.7%
Debt's share of the balance-sheet total falls from 42.9% to 40.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.10▼
2022 · 0.36
Debt to equity
0.69▼
2022 · 0.75
ROE
-0.6%▼
2022 · 9.5%
ROA
-0.3%▼
2022 · 5.4%
Debt ≤ 1 year
€246k▲
2022 · €210k
Debt > 1 year
€246k▼
2022 · €329k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.26M€1.21M▼
Fixed assets21/28€1.18M€1.18M=
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€1.18M€1.18M=
Current assets29/58€76k€25k▼
Amounts receivable within one year40/41€16k€22k▲
Trade receivables40€12k€1k▼
Other amounts receivable41€4k€21k▲
Cash at bank and in hand54/58€59k€3k▼
Deferred charges and accrued income490/1€656-
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.21M▼
Equity10/15€717k€713k▼
Contributions10/11€30k€30k=
Reserves13€170k€170k=
Distributable reserves133€170k€170k=
Profit (loss) carried forward14€517k€513k▼
Amounts payable17/49€539k€492k▼
Amounts payable after more than one year17€329k€246k▼
Financial debts170/4€329k€246k▼
Amounts payable within one year42/48€210k€246k▲
Current portion of amounts payable after more than one year42€82k€82k=
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€430€239▼
Taxes450/3€430€239▼
Other amounts payable47/48€126k€161k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€5k€1k▼
Gross operating margin9900€446€-2k▼
Operating profit (loss)9901€-7k€-3k▲
Financial income75/76B€80k€4k▼
Recurring financial income75€80k€4k▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€68k€-4k▼
Income taxes67/77€216-
Profit (loss) for the period9904€68k€-4k▼
Profit (loss) for the period to be appropriated9905€68k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€517k€513k▼
Profit (loss) brought forward from the previous period14P€449k€517k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Weakest financial yearnet €-4k ▼106%
Net result drops to €-4k, the lowest in the series.
22-11
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Equity above €500kEq €649k ▲81.6%
2 profitable years in a row build equity to €649k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ENTREPRISES GENERALES LOUIS DUCHENE