BROWNING
ActiveSummary
BROWNING has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €115.2m and a net result of €56.3m. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+28
Solvency81▼-10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.26 in 2023; short-term debt: 26.4% and cash: 20.3% of total assets), and 43.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.4%
Return on assets
27.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
28 d early
2023
34 d early
2022
34 d early
2021
45 d early
2020
38 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · 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. Usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which other companies belong to the same group?Wallonie Entreprendre · 33 companies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56.3m▲ 141%
2023 · €23.4m
Working capital
€8.2m▲ 38.3%
2023 · €6.0m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€6,431▲ 24.2%-€8,222▼ 27.9%-€8,500▼ 3.4%-€6,944▲ 18.3%-€14,509▼ 109%
Net result€6.0m▼ 24.8%€16.7m▲ 178%€14.3m▼ 14.0%€23.4m▲ 63.3%€56.3m▲ 141%
Equity€115.7m▼ 3.4%€112.5m▼ 2.8%€111.0m▼ 1.3%€112.9m▲ 1.7%€115.2m▲ 2.0%
Total assets€151.7m▲ 3.4%€156.2m▲ 2.9%€160.3m▲ 2.6%€171.4m▲ 6.9%€204.3m▲ 19.2%
Debt€36.0m▲ 33.3%€43.7m▲ 21.4%€49.3m▲ 12.7%€58.4m▲ 18.6%€89.1m▲ 52.4%
Working capital-€305,021▼ 5.1%€448,979€34,689▼ 92.3%€6.0m▲ 17,081%€8.2m▲ 38.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,509 in 2024 against €6,944 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204.3m
Fixed assets
€142.1m =
Current assets
€62.2m ▲ 112%
Equity and liabilities €204.3m
Equity
€115.2m ▲ 2.0%
Debt
€89.1m ▲ 52.4%
Debt's share of the balance-sheet total rises from 34.1% to 43.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.15▼
2023 · 1.26
Debt to equity
0.77▲
2023 · 0.52
ROE
48.9%▲
2023 · 20.7%
ROA
27.6%▲
2023 · 13.7%
Debt ≤ 1 year
€54.0m▲
2023 · €23.4m
Debt > 1 year
€35.0m=
2023 · €35.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | - | €8,222 | €8,500 | €6,944 | €14,509 | ▲ 109% |
| Services and other goods61 | - | €8,222 | €8,500 | €6,944 | €14,509 | ▲ 109% |
| Operating profit (loss)9901 | -€6,431 | -€8,222 | -€8,500 | -€6,944 | -€14,509 | ▼ 109% |
| Financial income75/76B | - | €16.7m | €14.7m | €25.1m | €57.8m | ▲ 131% |
| Recurring financial income75 | €6.1m | €16.7m | €14.7m | €25.1m | €57.8m | ▲ 131% |
| Income from financial fixed assets750 | - | €16.6m | €14.5m | €24.0m | €56.5m | ▲ 135% |
| Income from current assets751 | - | €73,064 | €216,769 | €1.1m | €1.3m | ▲ 23.7% |
| Financial charges65/66B | - | €7,167 | €375,584 | €1.6m | €1.5m | ▼ 10.7% |
| Recurring financial charges65 | €61,639 | €7,167 | €375,584 | €1.6m | €1.5m | ▼ 10.7% |
| Debt charges650 | €60,817 | €6,288 | €374,737 | €1.6m | €1.5m | ▼ 10.7% |
| Other financial charges652/9 | - | €879 | €846 | €966 | €996 | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €6.0m | €16.7m | €14.3m | €23.4m | €56.3m | ▲ 141% |
| Income taxes67/77 | - | €0 | - | - | - | - |
| Taxes670/3 | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €6.0m | €16.7m | €14.3m | €23.4m | €56.3m | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €6.0m | €16.7m | €14.3m | €23.4m | €56.3m | ▲ 141% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151.7m | €156.2m | €160.3m | €171.4m | €204.3m | ▲ 19.2% |
| Fixed assets21/28 | €142.1m | €142.1m | €142.1m | €142.1m | €142.1m | = |
| Financial fixed assets28 | €142.1m | €142.1m | €142.1m | €142.1m | €142.1m | = |
| Affiliated companies280/1 | - | €142.1m | €142.1m | €142.1m | €142.1m | = |
| Participating interests280 | - | €142.1m | €142.1m | €142.1m | €142.1m | = |
| Current assets29/58 | €9.7m | €14.2m | €18.2m | €29.3m | €62.2m | ▲ 112% |
| Amounts receivable after more than one year29 | - | €250,000 | €7.0m | €20.6m | €16.5m | ▼ 19.7% |
| Other amounts receivable291 | - | €250,000 | €7.0m | €20.6m | €16.5m | ▼ 19.7% |
| Amounts receivable within one year40/41 | €5,818 | €1.0m | €1.3m | €4.2m | €4.2m | ▲ 1.2% |
| Other amounts receivable41 | - | €1.0m | €1.3m | €4.2m | €4.2m | ▲ 1.2% |
| Cash at bank and in hand54/58 | €9.7m | €12.9m | €10.0m | €4.6m | €41.5m | ▲ 800% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151.7m | €156.2m | €160.3m | €171.4m | €204.3m | ▲ 19.2% |
| Equity10/15 | €115.7m | €112.5m | €111.0m | €112.9m | €115.2m | ▲ 2.0% |
| Contributions10/11 | €107.2m | €107.2m | €107.2m | €107.2m | €107.2m | = |
| Capital10 | - | €107.2m | €107.2m | €107.2m | €107.2m | = |
| Issued capital100 | - | €107.2m | €107.2m | €107.2m | €107.2m | = |
| Reserves13 | €2.3m | €3.1m | €3.9m | €5.0m | €7.8m | ▲ 56.1% |
| Non-distributable reserves130/1 | - | €3.1m | €3.9m | €5.0m | €7.8m | ▲ 56.1% |
| Legal reserve130 | - | €3.1m | €3.9m | €5.0m | €7.8m | ▲ 56.1% |
| Profit (loss) carried forward14 | €6.3m | €2.2m | €2,471 | €738,528 | €230,551 | ▼ 68.8% |
| Amounts payable17/49 | €36.0m | €43.7m | €49.3m | €58.4m | €89.1m | ▲ 52.4% |
| Amounts payable after more than one year17 | €26.0m | €30.0m | €31.0m | €35.0m | €35.0m | = |
| Financial debts170/4 | - | €30.0m | €31.0m | €35.0m | €35.0m | = |
| Other loans174 | - | €30.0m | €31.0m | €35.0m | €35.0m | = |
| Amounts payable within one year42/48 | €10.0m | €13.7m | €18.2m | €23.4m | €54.0m | ▲ 131% |
| Taxes, remuneration and social security45 | - | €0 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €13.7m | €18.2m | €23.4m | €54.0m | ▲ 131% |
| Accrued charges and deferred income492/3 | - | €3,332 | €56,357 | €75,355 | €50,009 | ▼ 33.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6.0m | €16.7m | €14.3m | €23.4m | €56.3m | ▲ 141% |
| Operating cash flow (approximation) | €6.0m | €16.7m | €14.3m | €23.4m | €56.3m | ▲ 141% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3.2m | -€2.9m | -€5.3m | €36.9m | ▲ 791% |
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
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €56.3m ▲141%
Net result €56.3m, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €6.0m ▼24.8%
Net result drops to €6.0m, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
30-01
State Gazette act
Board meeting · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 29 acts read
About the unread acts
We know of 29 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
No directors read yet: 0 of 29 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 1999
Ground area
10.5 ha
Building footprint
949 m²
Volume, LiDAR
8,479 m³
Parcel 62051C0083/00H003, Wallonia · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Voie de Liège 33, 4040 Herstal
since 19992.091.303.271
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0083/00H003 | Wallonia | 10.5 ha | 1 · 949 m² | 14.7 m · 3 fl. |
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.
Structure & network
Part of the group
Wallonie Entreprendre
33 companies
Group, risk and exposure
Owners and holdings
2 owners · 5 holdings · 6 subsidiaries in the treeChain of control
- Wallonie Entreprendre
- FN Browning Group
- BROWNING
Highest known parent: Wallonie Entreprendre. The sources do not say who stands above it.
Owners 2
-
99.99%
-
0%
Holdings 5
- BROWNING InternationalsubsidiaryEquity €59.6mResult €3.0m100%
-
100%
-
99.73%
-
100%
-
0.01%
All subsidiaries, including indirect ones 6
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
BROWNING International 100%3 subsidiaries
- BWM Arms LimitedGB 100%
- BWM GmbHDE 100%
- BROWNING SPORTS FRANCEFR 99.9%
- BWAUS 100%
- BROWNING VIANAPT 99.73%
According to the 2024 annual accounts of BROWNING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Company details
Identification
Legal formPublic limited company
Founded06-04-1999
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465800136
Also
9925:BE0465800136
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.