Brulocalis
ActiveSummary
Brulocalis has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.5m and a net result of €94,310. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 720 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-5
Solvency80▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.07 in 2024; short-term debt: 34.8% and cash: 43.2% of total assets), and 44.6% 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 2025Solvency, return and age of the figures
Solvency
55.4%
Return on assets
0.8%
Age of the figures
9 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
15 d early
2023
8 d early
2022
12 d early
2021
25 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed 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 16 July (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 What other support did companies like this one receive, and it did not?Subsidies 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 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€94,310▼ 29.5%
2024 · €133,766
Working capital
€3.8m▼ 5.4%
2024 · €4.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€510,736▲ 58.0%€3.1m▲ 499%€21,225▼ 99.3%€148,083▲ 598%€111,521▼ 24.7%
Net result€466,073above the sector's middle half▲ 78.5%€3.0mabove the sector's middle half▲ 547%€19,876within the sector's middle half▼ 99.3%€133,766within the sector's middle half▲ 573%€94,310within the sector's middle half▼ 29.5%
Equity€3.3mabove the sector's middle half▲ 16.6%€6.3mabove the sector's middle half▲ 92.3%€6.3mabove the sector's middle half▲ 0.3%€6.4mabove the sector's middle half▲ 2.1%€6.5mabove the sector's middle half▲ 1.5%
Total assets€8.0mabove the sector's middle half▲ 11.1%€9.3mabove the sector's middle half▲ 16.0%€9.3mabove the sector's middle half▼ 0.1%€11.2mabove the sector's middle half▲ 19.9%€11.8mabove the sector's middle half▲ 5.4%
Debt€4.8m▲ 12.9%€3.0m▼ 36.3%€3.0m▼ 0.6%€4.7m▲ 57.2%€5.2m▲ 10.2%
Working capital€3.0mabove the sector's middle half▼ 1.4%€4.0mabove the sector's middle half▲ 31.5%€3.9mabove the sector's middle half▼ 1.9%€4.0mabove the sector's middle half▲ 2.5%€3.8mabove the sector's middle half▼ 5.4%
Solvency40.6%within the sector's middle half▲ 1.9pp67.3%within the sector's middle half▲ 26.7pp67.6%within the sector's middle half▲ 0.3pp57.6%within the sector's middle half▼ 10.0pp55.4%within the sector's middle half▼ 2.1pp
Current ratio1.81within the sector's middle half▼ 0.273.31above the sector's middle half▲ 1.513.06within the sector's middle half▼ 0.262.07within the sector's middle half▼ 0.991.92within the sector's middle half▼ 0.15
Return on assets (ROA)5.8%within the sector's middle half▲ 2.2pp32.3%above the sector's middle half▲ 26.5pp0.2%within the sector's middle half▼ 32.1pp1.2%within the sector's middle half▲ 1.0pp0.8%within the sector's middle half▼ 0.4pp
Staff (FTE)31.8above the sector's middle half▲ 12.4%34.4above the sector's middle half▲ 8.2%34.5above the sector's middle half▲ 0.3%34.5above the sector's middle half=38.4above the sector's middle half▲ 11.3%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.8m
Fixed assets
€3.9m ▲ 12.6%
Current assets
€7.9m ▲ 2.1%
Equity and liabilities €11.8m
Equity
€6.5m ▲ 1.5%
Provisions
€23,888
Debt
€5.2m ▲ 10.2%
Debt's share of the balance-sheet total rises from 42.4% to 44.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€224,394▼
2024 · €274,217
Cash flow
€207,182▼
2024 · €259,900
Debt to equity
0.80▲
2024 · 0.74
ROE
1.4%▼
2024 · 2.1%
Interest coverage
5.47▼
2024 · 6.10
Debt ≤ 1 year
€4.1m▲
2024 · €3.7m
Debt > 1 year
€939,436▲
2024 · €845,525
Income taxes
€10,275▼
2024 · €13,126
Staff costs
€3.6m▲
2024 · €3.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2.8m | €3.1m | €3.3m | €3.3m | €3.6m | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,344 | €534,379 | €130,823 | €126,134 | €112,873 | ▼ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,000 | - | €6,774 | - | - |
| Other operating charges640/8 | €81,871 | €108,831 | €34,144 | €40,885 | €48,226 | ▲ 18.0% |
| Non-recurring operating charges66A | €818 | €12,327 | €50 | - | €108 | - |
| Gross operating margin9900 | €3.3m | €6.9m | €3.5m | €3.6m | €3.9m | ▲ 7.1% |
| Operating profit (loss)9901 | €510,736 | €3.1m | €21,225 | €148,083 | €111,521 | ▼ 24.7% |
| Financial income75/76B | €213 | €577 | €71,003 | €43,758 | €34,101 | ▼ 22.1% |
| Recurring financial income75 | €213 | €577 | €71,003 | €43,758 | €34,101 | ▼ 22.1% |
| Financial charges65/66B | €44,823 | €42,325 | €51,061 | €44,948 | €41,037 | ▼ 8.7% |
| Recurring financial charges65 | €44,823 | €42,325 | €51,061 | €44,948 | €41,037 | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €466,126 | €3.0m | €41,166 | €146,893 | €104,585 | ▼ 28.8% |
| Income taxes67/77 | €53 | €142 | €21,291 | €13,126 | €10,275 | ▼ 21.7% |
| Profit (loss) for the period9904 | €466,073 | €3.0m | €19,876 | €133,766 | €94,310 | ▼ 29.5% |
| Profit (loss) for the period to be appropriated9905 | €466,073 | €3.0m | €19,876 | €133,766 | €94,310 | ▼ 29.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.0m | €9.3m | €9.3m | €11.2m | €11.8m | ▲ 5.4% |
| Fixed assets21/28 | €1.3m | €3.7m | €3.6m | €3.5m | €3.9m | ▲ 12.6% |
| Intangible fixed assets21 | €5,337 | €47,258 | €26,097 | €7,605 | - | - |
| Tangible fixed assets22/27 | €1.3m | €3.6m | €3.5m | €3.4m | €3.9m | ▲ 12.9% |
| Land and buildings22 | €1.3m | €3.6m | €3.5m | €3.4m | €3.3m | ▼ 2.8% |
| Furniture and vehicles24 | €16,726 | €29,787 | €28,860 | €20,234 | €15,164 | ▼ 25.1% |
| Assets under construction and advance payments27 | - | - | - | €38,855 | €583,194 | ▲ 1,401% |
| Financial fixed assets28 | - | €13,940 | €20,490 | €20,490 | €20,490 | = |
| Current assets29/58 | €6.7m | €5.7m | €5.8m | €7.7m | €7.9m | ▲ 2.1% |
| Amounts receivable within one year40/41 | €2.7m | €1.6m | €950,246 | €1.1m | €1.4m | ▲ 19.9% |
| Trade receivables40 | €173,524 | €312,075 | €2,420 | €226,333 | €414,782 | ▲ 83.3% |
| Other amounts receivable41 | €2.5m | €1.3m | €947,826 | €914,566 | €952,596 | ▲ 4.2% |
| Current investments50/53 | - | - | - | - | €1.4m | - |
| Cash at bank and in hand54/58 | €4.0m | €4.0m | €4.7m | €6.4m | €5.1m | ▼ 20.2% |
| Deferred charges and accrued income490/1 | €14,871 | €48,851 | €70,485 | €180,959 | €59,278 | ▼ 67.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.0m | €9.3m | €9.3m | €11.2m | €11.8m | ▲ 5.4% |
| Equity10/15 | €3.3m | €6.3m | €6.3m | €6.4m | €6.5m | ▲ 1.5% |
| Reserves13 | €3.3m | €6.3m | €6.3m | €6.4m | €6.5m | ▲ 1.5% |
| Provisions and deferred taxes16 | €13,411 | €13,411 | €6,774 | - | €23,888 | - |
| Provisions for liabilities and charges160/5 | €13,411 | €13,411 | €6,774 | - | €23,888 | - |
| Environmental obligations163 | €13,411 | €13,411 | €6,774 | - | €23,888 | - |
| Amounts payable17/49 | €4.8m | €3.0m | €3.0m | €4.7m | €5.2m | ▲ 10.2% |
| Amounts payable after more than one year17 | €659,766 | €1.1m | €990,164 | €845,525 | €939,436 | ▲ 11.1% |
| Financial debts170/4 | €659,766 | €1.1m | €990,164 | €845,525 | €939,436 | ▲ 11.1% |
| Amounts payable within one year42/48 | €3.7m | €1.7m | €1.9m | €3.7m | €4.1m | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | €168,570 | €131,625 | €137,977 | €144,639 | €156,089 | ▲ 7.9% |
| Trade debts44 | €141,104 | €161,138 | €125,040 | €141,517 | €150,162 | ▲ 6.1% |
| Suppliers440/4 | €141,104 | €161,138 | €125,040 | €141,517 | €150,162 | ▲ 6.1% |
| Advances received on contracts in progress46 | €2.2m | €222,889 | €260,754 | €260,754 | €260,754 | = |
| Taxes, remuneration and social security45 | €646,338 | €577,074 | €565,389 | €561,599 | €582,620 | ▲ 3.7% |
| Taxes450/3 | €162,447 | €129,537 | €124,982 | €112,570 | €119,606 | ▲ 6.3% |
| Remuneration and social security454/9 | €483,892 | €447,537 | €440,407 | €449,029 | €463,014 | ▲ 3.1% |
| Accrued charges and deferred income492/3 | €371,993 | €198,772 | €140,574 | €174,939 | €187,328 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €466,073 | €3.0m | €19,876 | €133,766 | €94,310 | ▼ 29.5% |
| + Depreciation and write-downs630 | €82,344 | €534,379 | €130,823 | €126,134 | €112,873 | ▼ 10.5% |
| Operating cash flow (approximation) | €548,417 | €3.5m | €150,699 | €259,900 | €207,182 | ▼ 20.3% |
| Investment in fixed assets (approximation) | - | -€2.9m | -€22,053 | -€44,637 | -€551,304 | ▼ 1,135% |
| Change in cash | - | -€35,484 | €760,934 | €1.6m | -€1.3m | ▼ 179% |
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
17-07
State Gazette act
Appointments: Zoubida JELLAB, Martin de BRABANT and Cécile JODOGNEResignations: Emre SUMLU, Audrey HENRY and Marc LOEWENSTEIN45 facts ▸
State Gazette act
Appointments: Zoubida JELLAB, Martin de BRABANT and Cécile JODOGNE
Resignations: Emre SUMLU, Audrey HENRY and Marc LOEWENSTEIN45 facts ▸
- Director appointment, Zoubida JELLAB (vertegenwoordiger van de partij ecolo in de politieke raad van bestuur)
- Director resignation, Emre SUMLU
- Director appointment, Martin de BRABANT (vertegenwoordiger van de gemeente schaarbeek in de raad van bestuur en het bureau)
- Director resignation, Audrey HENRY
- Director appointment, Cécile JODOGNE (vertegenwoordiger van de partij défi in de raad van bestuur en het bureau)
- Director resignation, Marc LOEWENSTEIN
- Board composition, Mohamed ARABI (director)
- Board composition, Gauthier CALOMNE (director)
- Board composition, Benoit CEREXHE (director)
- Board composition, Philippe CLOSE (director)
- Board composition, Bieke COMER (director)
- Board composition, Fabrice CUMPS (director)
- +33 further facts in this act
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €19,876 ▼99.3%
Net result drops to €19,876, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €3.0m ▲547%
Operating result €3.1m, net result €3.0m, both a record.
31-12
Financial
Equity above €5mEq €6.3m ▲92.3%
5 profitable years in a row build equity to €6.3m.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
2 of 25 acts read
About the unread acts
Of the 25 Belgian State Gazette acts we know for this company, 2 have been read. The other 23 have not 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 sitting director, last change in 2026
Permanent representatives 3
Cécile JODOGNE
CurrentVertegenwoordiger van de partij défi in de raad van bestuur en het bureau · since 25-03-2026
Martin de BRABANT
CurrentReprésentant de la commune de schaerbeek au sein du conseil d'administration et du bureau · since 25-03-2026
Zoubida JELLAB
CurrentVertegenwoordiger van de partij ecolo in de politieke raad van bestuur · since 25-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
23 of this company's 25 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2000
Ground area
7,211 m²
Building footprint
8,158 m²
Volume, LiDAR
185,733 m³
2 parcels, Brussels · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Brulocalis
since 20002.156.004.449
Kantersteen 47, 1000 Brussel
since 20232.340.652.362
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 fl. |
| 21803C0656/00E000 | Brussels | 384 m² | 1 · 284 m² | 26.0 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
6 people since 2026, 3 in office
- Board
- Permanent representative
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Cécile JODOGNE |
|
| Martin de BRABANT |
|
| Zoubida JELLAB |
|
| Audrey HENRY |
|
| Emre SUMLU |
|
| Marc LOEWENSTEIN |
|
Subsidies and aid
Federal government
2023 to 2025 · 5 entries · 3,634,847 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Buitenlandse Zaken | 1 | 1,188,413 EUR |
| 2024 | FOD Buitenlandse Zaken | 2 | 1,234,221 EUR |
| 2023 | FOD Buitenlandse Zaken | 2 | 1,212,213 EUR |
Similar companies · same sector, comparable size
ANTWERP INDUSTRIAL PRODUCTS
BE 0421.116.392
Schelle · Eq €6,600,961
Fleishman-Hillard
BE 0434.683.229
Brussel · Eq €6,739,621
PARIM
BE 0439.623.794
Brugge · Eq €6,804,046
Belle Vita
BE 0466.978.289
Dilbeek · Eq €6,831,370
Financial and Management Consulting Services
BE 0447.151.192
Antwerpen · Eq €6,968,595
Of 2,706 companies in this sector we hold annual accounts for 1,783. 442 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formNon-profit association
Founded29-10-1993
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
94110Activities of business and employers' organisations
Contact
Website
www.brulocalis.brusselsBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451516390
Registered
14-04-2026
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.