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BRUNIM

Active Risk: not assessed
Public limited companyfounded 1990active for 35 yearsSolhofdreef 35, 2630 Aartselaar, BelgiumKBO/BCE: BE 0442.802.129

Financials · financial year 2025, full format

Annual accounts 2025 filed on 30-07-2026 at the NBB all 35 filings

Equity
€4.7m▼ 21.4%
2024 · €6.0m
Net result
-€1.3m▼ 94.7%
2024 · -€658,402
Total assets
€28.7m▼ 3.8%
2024 · €29.8m
Solvency
16.4%▼ 3.7pp
2024 · 20.1%
Multi-year overview
2018 to 2025, 8 financial years
Operating result
-€471,126
▼ 178% 2025
20182025
Net result
-€1.3m
▼ 94.7% 2025
lowest quarter of the sector
20182025
Equity
€4.7m
▼ 21.4% 2025
middle half of the sector
20182025
Total assets
€28.7m
▼ 3.8% 2025
middle half of the sector
20182025
Debt
€23.7m
▲ 0.7% 2025
20182025
Working capital
-€20.3m
▼ 1.5% 2025
lowest quarter of the sector
20182025
Solvency
16.4%
▼ 3.7pp 2025
lowest quarter of the sector
20182025
Current ratio
0.11
▼ 0.03 2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-4.5%
▼ 2.3pp 2025
lowest quarter of the sector
20182025
Staff (FTE)
4
= 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€0.4m--€0.3m▲ 15.0%€0.3m€0.3m▼ 3.4%-€0.1m-€0.09m▲ 23.2%-€0.2m▼ 95.6%-€0.5m▼ 178%
Net result-€0.3m--€0.3m▲ 9.9%€0.04mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 237%-€0.2mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 249%-€0.7mbelow the sector's middle half▲ 6.9%-€1.3mbelow the sector's middle half▼ 94.7%
Equity€7.7m-€7.4m▼ 4.0%€7.4mabove the sector's middle half▲ 0.6%€7.6mabove the sector's middle half▲ 2.0%€7.4mabove the sector's middle half▼ 2.7%€6.7mabove the sector's middle half▼ 9.6%€6.0mabove the sector's middle half▼ 10.1%€4.7mwithin the sector's middle half▼ 21.4%
Total assets€21.1m-€24.4m▲ 15.8%€26.1mabove the sector's middle half▲ 6.9%€27.7mabove the sector's middle half▲ 6.2%€30.1mabove the sector's middle half▲ 8.8%€29.5mabove the sector's middle half▼ 2.2%€29.8mabove the sector's middle half▲ 1.0%€28.7mwithin the sector's middle half▼ 3.8%
Debt€13.3m-€16.9m▲ 27.5%€18.3m▲ 8.5%€19.7m▲ 7.6%€22.4m▲ 13.4%€22.3m▼ 0.2%€23.6m▲ 5.7%€23.7m▲ 0.7%
Working capital-€10.4m--€12.4m▼ 19.8%-€16.0mbelow the sector's middle half▼ 28.8%-€17.2mbelow the sector's middle half▼ 7.6%-€18.3mbelow the sector's middle half▼ 6.5%-€18.8mbelow the sector's middle half▼ 2.3%-€20.0mbelow the sector's middle half▼ 6.3%-€20.3mbelow the sector's middle half▼ 1.5%
Solvency36.5%-30.3%▼ 6.2pp28.5%within the sector's middle half▼ 1.8pp27.3%within the sector's middle half▼ 1.1pp24.5%within the sector's middle half▼ 2.9pp22.6%below the sector's middle half▼ 1.8pp20.1%below the sector's middle half▼ 2.5pp16.4%below the sector's middle half▼ 3.7pp
Current ratio0.20-0.25▲ 0.060.12below the sector's middle half▼ 0.140.12below the sector's middle half=0.18below the sector's middle half▲ 0.060.14below the sector's middle half▼ 0.040.15below the sector's middle half▲ 0.010.11below the sector's middle half▼ 0.03
Return on assets (ROA)-1.6%--1.2%▲ 0.4pp0.2%below the sector's middle half▲ 1.4pp0.5%within the sector's middle half▲ 0.4pp-0.7%below the sector's middle half▼ 1.2pp-2.4%below the sector's middle half▼ 1.7pp-2.2%below the sector's middle half▲ 0.2pp-4.5%below the sector's middle half▼ 2.3pp
Staff (FTE)1.8-2▲ 11.1%2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=3.1above the sector's middle half▲ 55.0%4above the sector's middle half▲ 29.0%4within the sector's middle half=
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €471,126, larger than the loss of €169,707 in 2024. It is the lowest result since 2021.

Large changes and their cause
  • 2025 Net result -95% on 2024. The accounts now follow the full format, last year the abbreviated format.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.7m
Fixed assets €26.1m ▼ 1.1%
Current assets €2.6m ▼ 25.1%
Equity and liabilities €28.7m
Equity €4.7m ▼ 21.4%
Provisions €195,053 ▼ 2.8%
Debt €23.7m ▲ 0.7%
Debt's share of the balance-sheet total rises from 79.2% to 82.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
-27.2%▼
2024 · -11.0%
Debt ≤ 1 year
€22.8m▼
2024 · €23.4m
Income taxes
€119,309▲
2024 · €1,505
Staff costs
€215,926▼
2024 · €216,094
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date22454
full-time22433
part-time---21
in full-time equivalents22443.5
Average over the year, in full-time equivalents223.144
On a permanent contract22454
Joined--3-0
Left--001

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€1.9m€1.2m€953,852€466,024€361,007
Financial fixed assets€1,872€936€936€1,300€2,122
Depreciation and write-downs of the year€411,365€407,844€470,744€589,590€643,230

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€29.8m€28.7m▼
Fixed assets21/28€26.4m€26.1m▼
Tangible fixed assets22/27€26.0m€25.7m▼
Land and buildings22€25.6m€25.2m▼
Plant, machinery and equipment23€0.1m€0.2m▲
Furniture and vehicles24€0.2m€0.3m▲
Financial fixed assets28€0.4m€0.4m▲
Current assets29/58€3.4m€2.6m▼
Amounts receivable within one year40/41€1.3m€1.3m▲
Trade receivables40€0.07m€0.06m▼
Other amounts receivable41€1.2m€1.3m▲
Cash at bank and in hand54/58€2.1m€1.2m▼
Deferred charges and accrued income490/1€0.06m€0.07m▲
Equity and liabilities
Total equity and liabilities10/49€29.8m€28.7m▼
Equity10/15€6.0m€4.7m▼
Contributions10/11€12.3m€12.3m=
Capital10€12.3m€12.3m=
Issued capital100€12.3m€12.3m=
Reserves13€0.6m€0.6m▼
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Tax-exempt reserves132€0.6m€0.6m▼
Distributable reserves133€0.03m€0.03m=
Profit (loss) carried forward14-€7.0m-€8.2m▼
Provisions and deferred taxes16€0.2m€0.2m▼
Deferred taxes168€0.2m€0.2m▼
Amounts payable17/49€23.6m€23.7m▲
Amounts payable within one year42/48€23.4m€22.8m▼
Financial debts43€23.2m€22.6m▼
Other loans439€23.2m€22.6m▼
Trade debts44€0.1m€0.2m▲
Suppliers440/4€0.1m€0.2m▲
Advances received on contracts in progress46€0.009m-
Taxes, remuneration and social security45€0.04m€0.03m▼
Taxes450/3€0.02m€0.02m▼
Remuneration and social security454/9€0.02m€0.01m▼
Other amounts payable47/48€0.008m€0.008m▼
Accrued charges and deferred income492/3€0.2m€0.9m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.2m€0.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.6m€0.6m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.1m-
Other operating charges640/8€0.06m€0.04m▼
Gross operating margin9900€0.8m€0.4m▼
Operating profit (loss)9901-€0.2m-€0.5m▼
Financial income75/76B€0.04m€0.04m▲
Recurring financial income75€0.04m€0.04m▲
Financial charges65/66B€0.8m€0.7m▼
Recurring financial charges65€0.8m€0.7m▼
Profit (loss) for the period before taxes9903-€1.0m-€1.2m▼
Transfer from deferred taxes780€0.3m€0.006m▼
Transfer to deferred taxes680€0.01m-
Income taxes67/77€0.002m€0.1m▲
Profit (loss) for the period9904-€0.7m-€1.3m▼
Transfer from tax-exempt reserves789€0.9m€0.02m▼
Transfer to tax-exempt reserves689€0.03m-
Profit (loss) for the period to be appropriated9905€0.2m-€1.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€7.0m-€8.2m▼
Profit (loss) brought forward from the previous period14P-€7.2m-€7.0m▲
Social balance sheet
Average headcount (FTE)90874.04.0=

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€0.1m€0.1m€0.2m€0.2m€0.2m▼ 0.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.4m€0.4m€0.4m€0.4m€0.5m€0.6m€0.6m▲ 9.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€0.01m€0.1m--
Other operating charges640/8---€0.06m€0.03m€0.06m€0.06m€0.04m▼ 28.1%
Gross operating margin9900€0.2m€0.4m€0.8m€0.9m€0.5m€0.6m€0.8m€0.4m▼ 46.2%
Operating profit (loss)9901-€0.4m-€0.3m€0.3m€0.3m-€0.1m-€0.09m-€0.2m-€0.5m▼ 178%
Financial income75/76B---€0.06m€0.04m€0.04m€0.04m€0.04m▲ 3.5%
Recurring financial income75€0.05m€0.06m€0.06m€0.06m€0.04m€0.04m€0.04m€0.04m▲ 3.5%
Financial charges65/66B---€0.1m€0.1m€0.6m€0.8m€0.7m▼ 12.2%
Recurring financial charges65€0.03m€0.06m€0.1m€0.1m€0.1m€0.6m€0.8m€0.7m▼ 12.2%
Profit (loss) for the period before taxes9903-€0.3m-€0.3m€0.2m€0.2m-€0.2m-€0.6m-€1.0m-€1.2m▼ 20.3%
Transfer from deferred taxes780---€0.006m€0.006m€0.006m€0.3m€0.006m▼ 98.3%
Transfer to deferred taxes680---€0.1m-€0.09m€0.01m--
Income taxes67/77€0.006m-€0.002m€0.001m-€0.003m€0.003m-€189€0.002m€0.1m▲ 79×
Profit (loss) for the period9904-€0.3m-€0.3m€0.04m€0.1m-€0.2m-€0.7m-€0.7m-€1.3m▼ 94.7%
Transfer from tax-exempt reserves789---€0.02m€0.02m€0.02m€0.9m€0.02m▼ 98.2%
Transfer to tax-exempt reserves689---€0.3m-€0.3m€0.03m--
Profit (loss) for the period to be appropriated9905-€0.3m-€0.3m-€0.6m-€0.1m-€0.2m-€1.0m€0.2m-€1.3m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€21.1m€24.4m€26.1m€27.7m€30.1m€29.5m€29.8m€28.7m▼ 3.8%
Fixed assets21/28€18.6m€20.2m€24.0m€25.3m€26.1m€26.5m€26.4m€26.1m▼ 1.1%
Tangible fixed assets22/27€18.1m€19.8m€23.6m€24.9m€25.7m€26.1m€26.0m€25.7m▼ 1.1%
Land and buildings22---€24.9m€25.6m€26.0m€25.6m€25.2m▼ 1.6%
Plant, machinery and equipment23---€0.004m€0.06m€0.05m€0.1m€0.2m▲ 49.4%
Furniture and vehicles24---€0.007m€0.1m€0.09m€0.2m€0.3m▲ 30.5%
Financial fixed assets28€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m▲ 0.5%
Current assets29/58€2.5m€4.2m€2.1m€2.4m€4.0m€3.0m€3.4m€2.6m▼ 25.1%
Amounts receivable within one year40/41€1.1m€1.0m€1.1m€1.2m€1.2m€1.3m€1.3m€1.3m▲ 3.2%
Trade receivables40---€0.1m€0.05m€0.1m€0.07m€0.06m▼ 3.4%
Other amounts receivable41---€1.1m€1.1m€1.2m€1.2m€1.3m▲ 3.5%
Current investments50/53€0.4m€0.4m€0.4m------
Cash at bank and in hand54/58€1.0m€2.7m€0.6m€1.1m€2.8m€1.6m€2.1m€1.2m▼ 43.4%
Deferred charges and accrued income490/1---€0.06m€0.06m€0.06m€0.06m€0.07m▲ 7.5%
Equity and liabilities
Total equity and liabilities10/49€21.1m€24.4m€26.1m€27.7m€30.1m€29.5m€29.8m€28.7m▼ 3.8%
Equity10/15€7.7m€7.4m€7.4m€7.6m€7.4m€6.7m€6.0m€4.7m▼ 21.4%
Contributions10/11€12.3m€12.3m€12.3m€12.3m€12.3m€12.3m€12.3m€12.3m=
Capital10---€12.3m€12.3m€12.3m€12.3m€12.3m=
Issued capital100---€12.3m€12.3m€12.3m€12.3m€12.3m=
Reserves13€0.4m€0.4m€1.0m€1.3m€1.3m€1.5m€0.6m€0.6m▼ 2.6%
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0.01m=
Tax-exempt reserves132---€1.2m€1.2m€1.5m€0.6m€0.6m▼ 2.8%
Distributable reserves133---€0.03m€0.03m€0.03m€0.03m€0.03m=
Profit (loss) carried forward14-€5.0m-€5.3m-€5.9m-€6.0m-€6.2m-€7.2m-€7.0m-€8.2m▼ 18.2%
Provisions and deferred taxes16€0.1m€0.1m€0.3m€0.4m€0.4m€0.5m€0.2m€0.2m▼ 2.8%
Deferred taxes168---€0.4m€0.4m€0.5m€0.2m€0.2m▼ 2.8%
Amounts payable17/49€13.3m€16.9m€18.3m€19.7m€22.4m€22.3m€23.6m€23.7m▲ 0.7%
Amounts payable after more than one year17€0.4m€0.2m€0.1m€0.03m-----
Financial debts170/4---€0.03m-----
Amounts payable within one year42/48€12.9m€16.6m€18.1m€19.6m€22.4m€21.7m€23.4m€22.8m▼ 2.4%
Current portion of amounts payable after more than one year42---€0.1m€0.03m----
Financial debts43---€19.2m€21.8m€21.6m€23.2m€22.6m▼ 2.5%
Other loans439---€19.2m€21.8m€21.6m€23.2m€22.6m▼ 2.5%
Trade debts44€0.05m€0.2m€0.4m€0.2m€0.5m€0.1m€0.1m€0.2m▲ 30.4%
Suppliers440/4---€0.2m€0.5m€0.1m€0.1m€0.2m▲ 30.4%
Advances received on contracts in progress46---€0.01m€0.02m€0.03m€0.009m--
Taxes, remuneration and social security45---€0.02m€0.05m€0.03m€0.04m€0.03m▼ 19.2%
Taxes450/3---€0.007m€0.04m€0.02m€0.02m€0.02m▼ 29.7%
Remuneration and social security454/9---€0.009m€0.008m€0.01m€0.02m€0.01m▼ 2.1%
Other amounts payable47/48-----€0.007m€0.008m€0.008m▼ 6.3%
Accrued charges and deferred income492/3---€0.1m-€0.6m€0.2m€0.9m▲ 315%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.3m-€0.3m€0.04m€0.1m-€0.2m-€0.7m-€0.7m-€1.3m▼ 94.7%
+ Depreciation and write-downs630€0.3m€0.4m€0.4m€0.4m€0.4m€0.5m€0.6m€0.6m▲ 9.1%
Operating cash flow (approximation)-€0.001m€0.06m€0.4m€0.6m€0.2m-€0.2m-€0.07m-€0.6m▼ 829%
Investment in fixed assets (approximation)--€2.0m-€4.1m-€1.8m-€1.2m-€0.8m-€0.5m-€0.4m▲ 22.0%
Change in cash-€1.7m-€2.1m€0.5m€1.7m-€1.2m€0.5m-€0.9m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 30-07-2026 2026-00358551 PDF
31-12-2024 abbreviated format 24-07-2025 2025-00312000 PDF
31-12-2023 abbreviated format 29-07-2024 2024-00305571 PDF
31-12-2022 abbreviated format 28-07-2023 2023-00298955 PDF
31-12-2021 abbreviated format 20-07-2022 2022-20206515 PDF
31-12-2020 abbreviated format 28-07-2021 2021-42800461 PDF
31-12-2019 abbreviated format 28-08-2020 2020-46200578 PDF
31-12-2018 abbreviated format 29-08-2019 2019-56400306 PDF
31-12-2017 abbreviated format 23-08-2018 2018-49100373 PDF
31-12-2016 abbreviated format 28-08-2017 2017-49700483 PDF

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