BRS
The computed 12-month bankruptcy probability of BRS is < 0.1% (very low). The 2025 annual accounts show equity of €2.40M and a net result of €-85k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 101 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.40M |
| Net result | €-85k |
| Better than sector | 94% |
| Active | 34 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.3% | 73.1% | |
| Net result | €-85k | €23k | |
| Equity | €2.40M | €286k | |
| Gross operating margin | €-106k | €295k | |
| Total assets | €2.41M | €713k |
Show 4 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €-85k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €2.41M |
| Equity | €2.40M |
| Debt | €16k |
| of which ≤ 1y | €16k |
| of which > 1y | - |
| Working capital | €2.07M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 128.32 |
| Quick ratio | 128.32 |
| Working capital ratio | 85.9% |
| Solvency | 99.3% |
| Debt / equity | 0.01 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -3.5% |
| ROE | -3.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.41M |
| Fixed assets | 21/28 | €323k |
| Financial fixed assets | 28 | €323k |
| Current assets | 29/58 | €2.09M |
| Amounts receivable within one year | 40/41 | €1k |
| Investments | 50/53 | €1.95M |
| Cash & bank | 54/58 | €128k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.41M |
| Equity | 10/15 | €2.40M |
| Contributions / capital | 10/11 | €700k |
| Reserves | 13 | €500k |
| Accumulated profits (losses) | 14 | €1.20M |
| Amounts payable | 17/49 | €16k |
| Amounts payable within one year | 42/48 | €16k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €-106k |
| Operating result | 9901 | €-115k |
| Financial income | 75 | €31k |
| Financial charges | 65 | €601 |
| Result before taxes | 9903 | €-85k |
| Net result for the period | 9904 | €-85k |
| Result to be appropriated | 9905 | €-85k |
-
Annemie VERHAEVERTDirectorState Gazette act 25125690 (03-10-2025)Current03-10-2025 → present
4 events
- 03-10-2025 Appointed· Director
- 12-07-2022 Resigned· Director
- 30-09-2019 Appointed· Director
- 03-02-2017 Resigned· Raad van bestuur
-
Bart VAN AKENDirectorState Gazette act 24143189 (04-10-2024)Current04-10-2024 → present
-
Johan TYTECADirectorState Gazette act 24143189 (04-10-2024)Current04-10-2024 → present
-
Lieven KEPPENSDirectorState Gazette act 24143189 (04-10-2024)Current04-10-2024 → present
-
Sophie CEYSSENSDirectorState Gazette act 24143189 (04-10-2024)Current04-10-2024 → present
-
Frederik VANDEPITTEDirectorState Gazette act 24143189 (04-10-2024)Current12-04-2024 → present
2 events
- 04-10-2024 Appointed· Director
- 12-04-2024 Appointed· Director
Show 11 more sitting directors
-
Philip MARCKDirectorState Gazette act 25125690 (03-10-2025)Current12-07-2022 → present
2 events
- 03-10-2025 Appointed· Director
- 12-07-2022 Appointed· Director
-
Valérie LEMASSONDirectorState Gazette act 25125690 (03-10-2025)Current12-07-2022 → present
2 events
- 03-10-2025 Appointed· Director
- 12-07-2022 Appointed· Director
-
Katia ANDRIESDirectorState Gazette act 25125690 (03-10-2025)Current10-06-2022 → present
3 events
- 03-10-2025 Appointed· Director
- 12-07-2022 Appointed· Director
- 10-06-2022 Appointed· Director
-
Bruno MENUDirectorState Gazette act 25125690 (03-10-2025)Current01-04-2022 → present
3 events
- 03-10-2025 Appointed· Director
- 12-07-2022 Appointed· Director
- 01-04-2022 Appointed· Director
-
Bart VERBEEKDirectorState Gazette act 23092298 (17-07-2023)Current07-10-2020 → present
2 events
- 17-07-2023 Appointed· Director
- 07-10-2020 Appointed· Director
-
Filip FERRANTEDirectorState Gazette act 23092298 (17-07-2023)Current07-10-2020 → present
2 events
- 17-07-2023 Appointed· Director
- 07-10-2020 Appointed· Director
-
Geert DEBEERSTDirectorState Gazette act 23092298 (17-07-2023)Current07-10-2020 → present
2 events
- 17-07-2023 Appointed· Director
- 07-10-2020 Appointed· Director
-
Marc DAEMSDirectorState Gazette act 23092298 (17-07-2023)Current21-06-2017 → present
3 events
- 17-07-2023 Appointed· Director
- 07-10-2020 Appointed· Director
- 21-06-2017 Appointed· Raad van bestuur
-
Stephan OLAERTSDirectorState Gazette act 23092298 (17-07-2023)Current21-06-2017 → present
3 events
- 17-07-2023 Appointed· Director
- 07-10-2020 Appointed· Director
- 21-06-2017 Appointed· Raad van bestuur
-
Guido PofféDirectorState Gazette act 21078131 (30-06-2021)Current25-08-2015 → present
3 events
- 30-06-2021 Appointed· Director
- 07-11-2018 Appointed· Raad van bestuur
- 25-08-2015 Appointed· Raad van bestuur
-
Vic Van de MoortelDirectorState Gazette act 20116703 (07-10-2020)Current03-06-2015 → present
3 events
- 07-10-2020 Appointed· Director
- 21-06-2017 Appointed· Raad van bestuur
- 03-06-2015 Appointed· Raad van bestuur
Historic, not recently confirmed (3)
-
Koen Van der SteenRaad van bestuurState Gazette act 18162338 (07-11-2018)Not recently confirmedlast confirmed in an act from 2018
2 events
- 07-11-2018 Appointed· Raad van bestuur
- 25-08-2015 Appointed· Raad van bestuur
-
Lut VettenburgRaad van bestuurState Gazette act 17087470 (21-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Franky Cyriel DepickereDirectorState Gazette act 07003156 (04-01-2007)Not recently confirmedlast confirmed in an act from 2007
2 events
- 04-01-2007 Appointed· Director
- 04-01-2007 Appointed· Voorzitter raad van bestuur
Permanent representatives (1)
-
Peter BogaertVaste vertegenwoordiger commissarisState Gazette act 23092298 (17-07-2023)Permanent representative17-07-2023 → present
Former directors (22)
-
Dries WintersDirectorState Gazette act 21078131 (30-06-2021)Former30-06-2021 → 04-10-2024
2 events
- 04-10-2024 Resigned· Director
- 30-06-2021 Appointed· Director
-
Frederik GOEGEBEURDirectorState Gazette act 23092298 (17-07-2023)Former21-06-2017 → 04-10-2024
4 events
- 04-10-2024 Resigned· Director
- 17-07-2023 Appointed· Director
- 07-10-2020 Appointed· Director
- 21-06-2017 Appointed· Raad van bestuur
-
Guido POFFEDirectorState Gazette act 24143189 (04-10-2024)Former- → 04-10-2024
-
Lieven BooneDirectorState Gazette act 21078131 (30-06-2021)Former25-08-2015 → 04-10-2024
4 events
- 04-10-2024 Resigned· Director
- 30-06-2021 Appointed· Director
- 07-11-2018 Appointed· Raad van bestuur
- 25-08-2015 Appointed· Raad van bestuur
-
Philippe MatthijsDirectorState Gazette act 21078131 (30-06-2021)Former07-11-2018 → 04-10-2024
4 events
- 04-10-2024 Resigned· Director
- 30-06-2021 Appointed· Director
- 07-11-2018 Appointed· Raad van bestuur
- 03-02-2017 Resigned· Raad van bestuur
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BOGAERT & BOSMANS Bedrijfsrevisoren bvCurrent Statutory auditor |
- | 17-07-2023 → present |
Show 1 earlier auditors
| Peter Bogaert Statutory auditor succeeded by BOGAERT & BOSMANS Bedrijfsrevisoren bv in 2023 |
- | 03-06-2015 → 17-07-2023 |
| NACE primary | Verenigingen op het vlak van ontwikkelingssamenwerking(94995) |
| Legal form | Non-profit association(017) |
| Incorporation | 19-12-1991 |
| Status | Active |
| Postal code | 3000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0852/00S000 | Flanders | 1,663 m² | 1 · 1,597 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 25 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-10-2025 5 directors appointed
- Annemie VERHAEVERT, Bestuurder
- Bruno MENU, Bestuurder
- Katia ANDRIES, Bestuurder
- Valérie LEMASSON, Bestuurder
- Philip MARCK, Bestuurder
Technical details
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}04-10-2024 5 directors appointed, 6 resigning
- Frederik VANDEPITTE, Bestuurder
- Sophie CEYSSENS, Bestuurder
- Bart VAN AKEN, Bestuurder
- Johan TYTECA, Bestuurder
- Lieven KEPPENS, Bestuurder
- Frederik GOEGEBEUR, Bestuurder
- Lieven BOONE, Bestuurder
- Guido POFFE, Bestuurder
Technical details
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"name": "Philippe MATTHIJS",
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{
"kind": "director_out",
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"person": {
"rrn": null,
"name": "Victor VAN DE MOORTEL",
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},
{
"kind": "director_out",
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}12-04-2024 1 director appointed, 1 resigning
- Frederik Vandepitte, Bestuurder
- Franky Depickere, Bestuurder
Technical details
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}17-07-2023 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"office_city": "Leuven",
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"language": "nl",
"pub_date": "2023-07-17",
"filing_date": "2023-07-07",
"act_kind_objet": "Herbenoeming bestuurders - Woonplaatskeuze op de zetel van de"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2023-05-25",
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"kbo": "0446.437.154",
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],
"exchange_ratio": null,
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"patrimony_description": "Geen overdracht van patrimoine; enkel herbenoeming van bestuurders en commissaris.",
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},
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"summary_narrative": "De Algemene Vergadering van BRS vzw, gehouden op 25 mei 2023, besliste tot herbenoeming van de bestuurders voor een periode van drie jaar, tot na de jaarvergadering van 2026. Daarnaast werd BOGAERT \u0026 BOSMANS Bedrijfsrevisoren bv herbenoemd als commissaris voor de jaarrekeningen afgesloten per 31 december 2023, 2024 en 2025. De bestuurder Franky DEPICKERE koos woonplaats op de zetel van de vereniging.",
"co_filed_documents": [],
"detected_real_type": "other",
"referenced_correction": null,
"should_reroute_to_category": "director_changes"
}12-07-2022 5 directors appointed, 1 resigning
- Valérie Lemasson, Bestuurder
- Philip Marck, Bestuurder
- Katia Andries, Bestuurder
- Bruno Menu, Bestuurder
- Franky Depickere, Bestuurder
- Annemie Verhaevert, Bestuurder
Technical details
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}10-06-2022 1 director appointed, 1 resigning
- Katia Andries, Bestuurder
- Lutgarde Vettenburg, Bestuurder
Technical details
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}01-04-2022 1 director appointed, 1 resigning
- Bruno Menu, Bestuurder
- Jean Masscheleyn, Bestuurder
Technical details
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}01-09-2021 Articles of association amended
Technical details
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}30-06-2021 4 directors appointed, 1 resigning
- Dries Winters, Bestuurder
- Lieven Boone, Bestuurder
- Guido Poffé, Bestuurder
- Philippe Matthijs, Bestuurder
- Koen Van der Steeri, Bestuurder
Technical details
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}07-10-2020 9 directors appointed
- Geert Debeerst, Bestuurder
- Filip Ferrante, Bestuurder
- Bart Verbeek, Bestuurder
- Marc Daems, Bestuurder
- Frederik Goegebeur, Bestuurder
- Stephan Olaerts, Bestuurder
- Vic Van de Moortel, Bestuurder
- Lutgarde Vettenburg, Bestuurder
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- Franky Depickere, Bestuurder
- Jean Masscheleyn, Bestuurder
- Annemie Verhaevert, Bestuurder
- Matthieu Vanhove, Bestuurder
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}07-11-2018 4 directors appointed, 1 resigning
- Lieven Boone, Raad van bestuur
- Guido Poffé, Raad van bestuur
- Philippe Matthijs, Raad van bestuur
- Koen Van der Steen, Raad van bestuur
- Frans Rymenams, Raad van bestuur
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}13-12-2017 Registered office moved within Leuven
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- Vic Van de Moortel, Raad van bestuur
- Marc Daems, Raad van bestuur
- Frederik Goegebeur, Raad van bestuur
- Stephan Olaerts, Raad van bestuur
- Lut Vettenburg, Raad van bestuur
- Jacques De Raeymaeker, Raad van bestuur
- Olivier Lambin, Raad van bestuur
- Dirk Vyncke, Raad van bestuur
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- Ghislaine Van Kerckhove, Raad van bestuur
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- Jean Masscheleyn, Raad van bestuur
- Matthieu Vanhove, Raad van bestuur
- Annemie Verhaevert, Raad van bestuur
- Peter Buelens, Raad van bestuur
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}25-08-2015 7 directors appointed, 1 resigning
- Lieven Boone, Raad van bestuur
- Peter Buelens, Raad van bestuur
- Koen Peeters, Raad van bestuur
- Koen Van der Steen, Raad van bestuur
- Paul Troch, Raad van bestuur
- Frans Rymenams, Raad van bestuur
- Guido Poffé, Raad van bestuur
- Johan Struyvelt, Raad van bestuur
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}03-06-2015 2 directors appointed, 1 resigning
- Vic Van de Moortel, Raad van bestuur
- Peter Bogaert, Commissaris
- Erik Van Acker, Raad van bestuur
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}18-01-2013 Act object · Notarial deed · Incorporation · Founding capital
- Act object: CVBA: oprichting · BRS Fonds
- Publication: 2013-01-18 · BRS Fonds
- Filing: 2013-01-08 · BRS Fonds
- Notarial deed: 2012-12-21 · BRS Fonds
- Incorporation: 2012-12-21 · BRS Fonds
- Founding capital: amount: 728000, shares: 728, currency: EUR, cash_part: 32313, fixed_part: 20000, in_natura_part: 695687, nominal_value_per_share: 1000 · BRS Fonds
- Purpose: De vennootschap heeft tot doel om duurzame ontwikkelingsinitiatieven te bevorderen. De vennootschap realiseert deze doelstelling onder meer door: -rechtstreekse en/of onrechtstreekse investeringen in microfinancieringsinstellingen (MFI's) en/of microverzekeringsinstellingen en het toestaan van leningen en kredieten, onder om het even welke vorm en in eender welke valuta; -het verlenen van borgstellingen; -het verlenen van beheersbijstand; -het verrichten van financiële operaties in de ruimste zin. · BRS Fonds
- Officer appointment: role: zaakvoerder, term: na afloop van de jaarvergadering tweeduizend en zeventien, start_date: 2012-12-21 · Franky Depickere
- Officer appointment: role: zaakvoerder ad hoc, term: na afloop van de jaarvergadering tweeduizend en zeventien, start_date: 2012-12-21 · Matthieu Vanhove
- Bank account: bank: KBC Bank, iban: BE58 7310 2917 8379, amount: 32313, currency: EUR · BRS Fonds
- First fiscal year: end: 2013-12-31, start: 2012-12-21 · BRS Fonds
- Founder · BRS
- Founder · Cera
- Founder · Cera Beheersmaatschappij
- Capital contribution: cash: 30753, currency: EUR, total_value: 318000, shares_allocated: 318 · BRS
- Capital contribution: cash: 561, currency: EUR, total_value: 409000, shares_allocated: 409 · Cera
- Capital contribution: cash: 1000, currency: EUR, total_value: 1000, shares_allocated: 1 · Cera Beheersmaatschappij
- No profit maximization: De vennootschap heeft geen oogmerk tot winstmaximalisatie. · BRS Fonds
- Duration: onbeperkte duur · BRS Fonds
Technical details
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"quote": "een inbreng in natura doet van TWEEDUIZENDVIJFHONDERD (2.500) aandelen dewelke zij bezit in de naamloze vennootschap \u0022Rural Impuise Fund SA, Sicav-Fis\u0022... voor een waarde van TWEEHONDERDZEVENENTACHTIGDUIZEND TWEEHONDERDZEVENENVEERTIG EURO (\u20AC 287 247,00) * een som gestort heeft in speci\u00EBn van DERTIGDUIZEND ZEVENHONDERDDRIE\u00CBNVIJFTIG EURO (\u20AC 30 753,00); Goed voor een totale inbreng van DRIEHONDERDACHTTIENDUIZEND EURO (\u20AC 318 000,00) waarvoor haar DRIEHONDERDACHTTIEN (318) aandelen worden toegekend.",
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"type": "capital_contribution",
"quote": "een inbreng in natura doet van HONDERD (100) aandelen dewelke zij bezit in de naamloze vennootschap \u0022Impuise Microfinance Investment Fund\u0022... voor een waarde van HONDERDEENENTWINTIGDUIZEND HONDERDTWEEENNEGENTIG EURO (E 121 192,00); * een inbreng in natura doet van TWEEDUIZENDVIJFHONDERD (2.500) aandelen dewelke zij bezit in \u0022Rural Impulse Fund SA, Sicav-FIS\u0022... voor een waarde van TWEEHONDERDZEVENENTACHTIGDUIZEND TWEEHONDERDZEVENENVEERTIG EURO (\u20AC 287 247,00) * een som gestort heeft in speci\u00EBn van VIJFHONDERDEENENZESTIG EURO (\u20AC 561,00); Goed voor een totale inbreng van VIERHONDERDENNEGENDUIZEND EURO (\u20AC 409 000,00) waarvoor haar VIERHONDERDENNEGEN (409) aandelen worden toegekend.",
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"total_value": 409000,
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"type": "capital_contribution",
"quote": "die een som gestort heeft van DUIZEND EURO (\u20AC 1 000,00), waarvoor haar EEN (1) aandeel wordt toegekend, volledig volstort",
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{
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},
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}04-01-2007 2 directors appointed, 1 resigning
- Franky Cyriel Depickere, Bestuurder
- Franky Cyriel Depickere, Voorzitter raad van bestuur
- Rik Donckels, Bestuurder
Technical details
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}| Legal nameNL | BRS |