BRUSERVICES
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 29 filings
Every figure per financial year
The operating result for 2025 is a profit of €666,816, after a loss of €179,117 in 2024.
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €1,500 | €1,500 | €2,000 | €2,100 | €2,100 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.0m | €0.8m | €2.3m | €0.007m | €0.7m | ▲ 100× |
| Turnover70 | €0.9m | €0.8m | €0.6m | €0.9m | €0.6m | €0.1m | €0.007m | - | - |
| Other operating income74 | - | - | - | - | €0.05m | €0.005m | - | €0.005m | - |
| Non-recurring operating income76A | - | - | - | €0.1m | €0.08m | €2.1m | €59 | €0.7m | ▲ 11,445× |
| Operating charges60/66A | - | - | - | €1.0m | €0.7m | €0.2m | €0.2m | €0.01m | ▼ 93.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.7m | €0.4m | €0.1m | €0.004m | - | - |
| Purchases600/8 | - | - | - | €0.7m | €0.4m | €0.1m | €0.004m | - | - |
| Services and other goods61 | - | - | - | €0.1m | €0.1m | €0.09m | €0.02m | €0.009m | ▼ 52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.001m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.03m | €0.07m | €0.01m | €0.003m | €0.003m | ▼ 9.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.2m | - | - |
| Operating profit (loss)9901 | -€0.5m | -€0.5m | -€0.4m | €24 | €0.02m | €2.1m | -€0.2m | €0.7m | - |
| Financial income75/76B | - | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €0 | - |
| Income from current assets751 | - | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €239 | ▼ 99.8% |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €239 | ▼ 99.8% |
| Debt charges650 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | - | - |
| Other financial charges652/9 | - | - | - | €0.001m | €0.001m | €0.001m | €102 | €239 | ▲ 135% |
| Profit (loss) for the period before taxes9903 | -€0.7m | -€0.6m | -€0.6m | -€0.2m | -€0.2m | €1.9m | -€0.3m | €0.7m | - |
| Income taxes67/77 | €0.002m | -€31 | - | - | - | €0.07m | - | - | - |
| Taxes670/3 | - | - | - | - | - | €0.07m | - | - | - |
| Profit (loss) for the period9904 | -€0.7m | -€0.6m | -€0.6m | -€0.2m | -€0.2m | €1.8m | -€0.3m | €0.7m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.7m | -€0.6m | -€0.6m | -€0.2m | -€0.2m | €1.8m | -€0.3m | €0.7m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.6m | €2.4m | €2.4m | €2.8m | €2.9m | €0.6m | €0.5m | €0.6m | ▲ 11.5% |
| Fixed assets21/28 | €2.5m | €2.2m | €2.0m | €1.8m | €1.7m | - | - | - | - |
| Tangible fixed assets22/27 | €2.5m | €2.2m | €2.0m | €1.8m | €1.7m | - | - | - | - |
| Land and buildings22 | - | - | - | €1.7m | €1.5m | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.1m | - | - | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | - | - | - | - | - |
| Other financial fixed assets284/8 | - | - | - | €100 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €100 | - | - | - | - | - |
| Current assets29/58 | €0.1m | €0.1m | €0.4m | €1.0m | €1.2m | €0.6m | €0.5m | €0.6m | ▲ 11.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.4m | €0.4m | €0.7m | €0.5m | €0.5m | €0.5m | ▲ 0.2% |
| Trade receivables40 | - | - | - | €0.4m | €0.6m | €0.03m | €0.007m | €0.01m | ▲ 75.6% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.5m | €0.5m | €0.5m | ▼ 0.8% |
| Cash at bank and in hand54/58 | €0.04m | €0.01m | €0.02m | €0.6m | €0.6m | €0.04m | €0.002m | €0.06m | ▲ 26× |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.6m | €2.4m | €2.4m | €2.8m | €2.9m | €0.6m | €0.5m | €0.6m | ▲ 11.5% |
| Equity10/15 | -€2.2m | -€2.8m | -€3.4m | -€3.6m | -€3.7m | -€1.9m | -€2.2m | -€1.5m | ▲ 30.2% |
| Contributions10/11 | €9.9m | €9.9m | €9.9m | €9.9m | €9.9m | €9.9m | €9.9m | €9.9m | = |
| Capital10 | - | - | - | €9.9m | €9.9m | €9.9m | €9.9m | €9.9m | = |
| Issued capital100 | - | - | - | €9.9m | €9.9m | €9.9m | €9.9m | €9.9m | = |
| Reserves13 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Non-distributable reserves130/1 | - | - | - | €50 | €50 | €50 | €50 | €50 | = |
| Legal reserve130 | - | - | - | €50 | €50 | €50 | €50 | €50 | = |
| Profit (loss) carried forward14 | -€12.1m | -€12.7m | -€13.3m | -€13.5m | -€13.7m | -€11.8m | -€12.1m | -€11.5m | ▲ 5.5% |
| Amounts payable17/49 | €4.8m | €5.2m | €5.8m | €6.4m | €6.6m | €2.5m | €2.7m | €2.1m | ▼ 22.3% |
| Amounts payable after more than one year17 | €2.8m | €3.1m | €3.9m | €3.5m | €3.5m | €2.4m | €2.4m | €2.1m | ▼ 10.6% |
| Financial debts170/4 | - | - | - | €3.5m | €3.5m | €2.4m | €2.4m | €2.1m | ▼ 10.6% |
| Other loans174 | - | - | - | €3.5m | €3.5m | €2.4m | €2.4m | €2.1m | ▼ 10.6% |
| Amounts payable within one year42/48 | €1.5m | €2.1m | €1.9m | €2.9m | €3.1m | €0.09m | €0.2m | €0.004m | ▼ 98.4% |
| Financial debts43 | - | - | - | €1.0m | €1.1m | - | - | - | - |
| Other loans439 | - | - | - | €1.0m | €1.1m | - | - | - | - |
| Trade debts44 | €1.0m | €0.9m | €1.1m | €1.1m | €1.5m | €0.02m | €0.01m | €0.004m | ▼ 64.4% |
| Suppliers440/4 | - | - | - | €1.1m | €1.5m | €0.02m | €0.01m | €0.004m | ▼ 64.4% |
| Advances received on contracts in progress46 | - | - | - | €0.5m | €0.5m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.002m | €0.07m | - | - | - |
| Taxes450/3 | - | - | - | €0.3m | €0.002m | €0.07m | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.2m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.004m | - | €0.1m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.7m | -€0.6m | -€0.6m | -€0.2m | -€0.2m | €1.8m | -€0.3m | €0.7m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | - | - | - | - |
| Operating cash flow (approximation) | -€0.5m | -€0.4m | -€0.3m | -€0.02m | -€0.001m | €1.8m | -€0.3m | €0.7m | - |
| Investment in fixed assets (approximation) | - | €0.03m | €0 | €0 | €100 | - | - | - | - |
| Change in cash | - | -€0.02m | €0.004m | €0.6m | -€0.02m | -€0.5m | -€0.04m | €0.06m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 317 companies had the same profile as BRUSERVICES has now. Two years later, 91.8% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 2.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BRUSERVICES itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 317 companies, not a prediction for BRUSERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00258867 | |
| 31-12-2024 | full format | 30-06-2025 | 2025-00232312 | |
| 31-12-2023 | full format | 04-06-2024 | 2024-00115925 | |
| 31-12-2022 | full format | 26-06-2023 | 2023-00168716 | |
| 31-12-2021 | full format | 01-07-2022 | 2022-20156292 | |
| 31-12-2020 | full format | 08-07-2021 | 2021-33800343 | |
| 31-12-2019 | full format | 02-07-2020 | 2020-26100326 | |
| 31-12-2018 | full format | 17-06-2019 | 2019-20500394 | |
| 31-12-2017 | full format | 29-06-2018 | 2018-27800473 | |
| 31-12-2016 | full format | 27-07-2017 | 2017-38800284 |