BRUNA MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €804k and a net result of €168k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 5523 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
71 d early
2024
65 d early
2023
on the day
2022
55 d early
2021
48 d early
2020
59 d early
2019
51 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€804k▲ 26.3%
2024 · €637k
2018: €175k
2019: €315k
2020: €409k
2021: €502k
2022: €592k
2023: €682k
2024: €637k
2018 → 2025
Net result
€168k▲ 44.5%
2024 · €116k
2018: €163k
2019: €139k
2020: €94k
2021: €94k
2022: €90k
2023: €89k
2024: €116k
2018 → 2025
Total assets
€927k▲ 15.5%
2024 · €802k
2018: €256k
2019: €564k
2020: €627k
2021: €540k
2022: €621k
2023: €698k
2024: €802k
2018 → 2025
Solvency
86.7%▲ 7.4pp
2024 · 79.3%
2018: 68.4%
2019: 55.8%
2020: 65.2%
2021: 93.1%
2022: 95.4%
2023: 97.7%
2024: 79.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€502k-€592k▲ 17.9%€682k▲ 15.1%€637k▼ 6.6%€804k▲ 26.3%
Operating result€127k-€120k▼ 5.3%€122k▲ 1.5%€163k▲ 33.6%€239k▲ 47.4%
Net result€94k-€90k▼ 4.4%€89k▼ 0.5%€116k▲ 29.7%€168k▲ 44.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €927k
Fixed assets
€659k▲ 26.3%
Current assets
€269k▼ 4.5%
Equity and liabilities €927k
Equity
€804k▲ 26.3%
Debt
€123k▼ 25.9%
The debt ratio falls from 20.7% to 13.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
86.7%▲
2024 · 79.3%
ROE
20.8%▲
2024 · 18.2%
ROA
18.1%▲
2024 · 14.5%
Debt
€123k▼
2024 · €166k
Debt ≤ 1 year
€119k▼
2024 · €163k
Income taxes
€67k▲
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€802k€927k▲
Fixed assets21/28€521k€659k▲
Tangible fixed assets22/27€240k€390k▲
Land and buildings22€238k€372k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€325€17k▲
Financial fixed assets28€281k€269k▼
Current assets29/58€281k€269k▼
Amounts receivable after more than one year29€3k€3k=
Other amounts receivable291€3k€3k=
Amounts receivable within one year40/41€33k€39k▲
Trade receivables40€32k€33k▲
Other amounts receivable41€173€5k▲
Current investments50/53€51k€50k▼
Cash at bank and in hand54/58€189k€174k▼
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€802k€927k▲
Equity10/15€637k€804k▲
Contributions10/11€12k€12k=
Reserves13€624k€792k▲
Distributable reserves133€624k€792k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€166k€123k▼
Amounts payable within one year42/48€163k€119k▼
Trade debts44€354€1k▲
Suppliers440/4€354€1k▲
Taxes, remuneration and social security45€22k€23k▲
Taxes450/3€22k€23k▲
Other amounts payable47/48€140k€95k▼
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€107€0▼
Gross operating margin9900€167k€244k▲
Operating profit (loss)9901€163k€239k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€402€7k▲
Recurring financial charges65€402€7k▲
Profit (loss) for the period before taxes9903€164k€234k▲
Income taxes67/77€48k€67k▲
Profit (loss) for the period9904€116k€168k▲
Profit (loss) for the period to be appropriated9905€116k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€116k€168k▲
Transfer from equity791/2€161k€0▼
Transfer to equity691/2€116k€168k▲
To other reserves6921€116k€168k▲
Profit to be distributed694/7€161k€0▼
Return on contributions (dividend)694€161k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €168k ▲44.5%
Operating result €239k, net result €168k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €89k ▼0.5%
Net result drops to €89k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 6.54
Current ratio from 1.70 to 6.54; short-term debt falls from €214k to €37k.
31-12
Financial
Equity above €500kEq €502k ▲23%
4 profitable years in a row build equity to €502k.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €315k ▲79.4%
2 profitable years in a row build equity to €315k.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Temse · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Smesstraat 1219140 TemseGround area
986 m²
Building footprint
277 m²
Parcel 46025B0837/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
BRUNA MANAGEMENT
since 20182.272.623.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0837/00M000 | Flanders | 986 m² | 1 · 277 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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R2 LIVIN GROUP
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DE BOCK INVEST
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.