Summary
BRUYNSERAEDE 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 €162,068 and a net result of €27,416. Equity is growing by about 5.8% per year across the filed financial years. Its solvency ranks better than 77% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€162,068▲ 4.0%
2024 · €155,833
Net result
€27,416▲ 8.5%
2024 · €25,275
Total assets
€205,588▼ 4.5%
2024 · €215,265
Solvency
78.8%▲ 6.4pp
2024 · 72.4%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 8% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€40,819
2025
Net result€27,416
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€205,588
2025
Equity€162,068
2025
Debt€43,520
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€152,171
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)13.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.64
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€28,279-€30,644▲ 8.4%€32,815▲ 7.1%€58,218▲ 77.4%€21,713▼ 62.7%€50,589▲ 133%€37,730▼ 25.4%€40,819▲ 8.2%
Net result€17,757-€18,943▲ 6.7%€21,181within the sector's middle half▲ 11.8%€39,559within the sector's middle half▲ 86.8%€13,151within the sector's middle half▼ 66.8%€33,582within the sector's middle half▲ 155%€25,275within the sector's middle half▼ 24.7%€27,416within the sector's middle half▲ 8.5%
Equity€101,626-€103,032▲ 1.4%€124,213below the sector's middle half▲ 20.6%€147,118within the sector's middle half▲ 18.4%€145,209within the sector's middle half▼ 1.3%€149,501within the sector's middle half▲ 3.0%€155,833within the sector's middle half▲ 4.2%€162,068within the sector's middle half▲ 4.0%
Total assets€147,295-€146,954▼ 0.2%€147,049below the sector's middle half▲ 0.1%€167,145within the sector's middle half▲ 13.7%€191,728within the sector's middle half▲ 14.7%€207,366within the sector's middle half▲ 8.2%€215,265within the sector's middle half▲ 3.8%€205,588within the sector's middle half▼ 4.5%
Debt€45,669-€43,922▼ 3.8%€22,836▼ 48.0%€20,027▼ 12.3%€46,519▲ 132%€57,865▲ 24.4%€59,432▲ 2.7%€43,520▼ 26.8%
Working capital€95,480-€94,234▼ 1.3%€112,332within the sector's middle half▲ 19.2%€135,533within the sector's middle half▲ 20.7%€128,847within the sector's middle half▼ 4.9%€138,183within the sector's middle half▲ 7.2%€144,912within the sector's middle half▲ 4.9%€152,171above the sector's middle half▲ 5.0%
Solvency69.0%-70.1%▲ 1.1pp84.5%above the sector's middle half▲ 14.4pp88.0%above the sector's middle half▲ 3.5pp75.7%within the sector's middle half▼ 12.3pp72.1%within the sector's middle half▼ 3.6pp72.4%within the sector's middle half▲ 0.3pp78.8%above the sector's middle half▲ 6.4pp
Current ratio3.59-3.43▼ 0.166.28above the sector's middle half▲ 2.857.77above the sector's middle half▲ 1.486.66above the sector's middle half▼ 1.114.32above the sector's middle half▼ 2.343.96within the sector's middle half▼ 0.364.64above the sector's middle half▲ 0.68
Return on assets (ROA)12.1%-12.9%▲ 0.8pp14.4%above the sector's middle half▲ 1.5pp23.7%above the sector's middle half▲ 9.3pp6.9%within the sector's middle half▼ 16.8pp16.2%within the sector's middle half▲ 9.3pp11.7%within the sector's middle half▼ 4.5pp13.3%within the sector's middle half▲ 1.6pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205,588
Fixed assets
€11,605 ▼ 45.7%
Current assets
€193,983 =
Equity and liabilities €205,588
Equity
€162,068 ▲ 4.0%
Debt
€43,520 ▼ 26.8%
Debt's share of the balance-sheet total falls from 27.6% to 21.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.9%▲
2024 · 16.2%
Debt ≤ 1 year
€41,812▼
2024 · €48,989
Debt > 1 year
€1,427▼
2024 · €10,444
Income taxes
€12,801▲
2024 · €11,772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,927 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,940 | €8,238 | €5,455 | €3,129 | €12,645 | €12,533 | €10,938 | €9,759 | ▼ 10.8% |
| Other operating charges640/8 | - | - | - | €1,643 | €62 | €562 | €1,470 | €598 | ▼ 59.3% |
| Gross operating margin9900 | €45,501 | €38,944 | €38,773 | €62,990 | €34,420 | €63,684 | €50,138 | €51,177 | ▲ 2.1% |
| Operating profit (loss)9901 | €28,279 | €30,644 | €32,815 | €58,218 | €21,713 | €50,589 | €37,730 | €40,819 | ▲ 8.2% |
| Financial charges65/66B | - | - | - | €1,362 | €767 | €626 | €684 | €602 | ▼ 12.0% |
| Recurring financial charges65 | €1,357 | €1,635 | €1,911 | €1,362 | €767 | €626 | €684 | €602 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €26,922 | €29,010 | €30,904 | €56,855 | €20,946 | €49,963 | €37,046 | €40,217 | ▲ 8.6% |
| Income taxes67/77 | €9,165 | €10,067 | €9,722 | €17,297 | €7,795 | €16,381 | €11,772 | €12,801 | ▲ 8.7% |
| Profit (loss) for the period9904 | €17,757 | €18,943 | €21,181 | €39,559 | €13,151 | €33,582 | €25,275 | €27,416 | ▲ 8.5% |
| Profit (loss) for the period to be appropriated9905 | €17,757 | €18,943 | €21,181 | €39,559 | €13,151 | €33,582 | €25,275 | €27,416 | ▲ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €147,295 | €146,954 | €147,049 | €167,145 | €191,728 | €207,366 | €215,265 | €205,588 | ▼ 4.5% |
| Fixed assets21/28 | €14,960 | €13,952 | €13,455 | €11,585 | €40,117 | €27,584 | €21,364 | €11,605 | ▼ 45.7% |
| Tangible fixed assets22/27 | €14,960 | €13,952 | €13,455 | €11,585 | €40,117 | €27,584 | €21,364 | €11,605 | ▼ 45.7% |
| Plant, machinery and equipment23 | - | - | - | €2,301 | €1,250 | €739 | €3,273 | €2,044 | ▼ 37.5% |
| Furniture and vehicles24 | - | - | - | €9,284 | €38,868 | €26,845 | €18,091 | €9,560 | ▼ 47.2% |
| Current assets29/58 | €132,335 | €133,002 | €133,594 | €155,560 | €151,611 | €179,783 | €193,901 | €193,983 | = |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €115,980 | €114,777 | ▼ 1.0% |
| Other amounts receivable291 | - | - | - | - | - | - | €115,980 | €114,777 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €99,609 | €113,556 | €115,423 | €109,372 | €119,233 | €157,442 | €45,188 | €59,561 | ▲ 31.8% |
| Trade receivables40 | - | - | - | €26,843 | €38,409 | €39,016 | €43,182 | €59,112 | ▲ 36.9% |
| Other amounts receivable41 | - | - | - | €82,529 | €80,824 | €118,427 | €2,006 | €449 | ▼ 77.6% |
| Cash at bank and in hand54/58 | €19,764 | €9,162 | €5,895 | €35,123 | €20,656 | €10,425 | €24,219 | €9,797 | ▼ 59.5% |
| Deferred charges and accrued income490/1 | - | - | - | €11,065 | €11,722 | €11,916 | €8,514 | €9,848 | ▲ 15.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €147,295 | €146,954 | €147,049 | €167,145 | €191,728 | €207,366 | €215,265 | €205,588 | ▼ 4.5% |
| Equity10/15 | €101,626 | €103,032 | €124,213 | €147,118 | €145,209 | €149,501 | €155,833 | €162,068 | ▲ 4.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €80,401 | €81,807 | €102,988 | €125,893 | €123,984 | €128,276 | €134,608 | €140,843 | ▲ 4.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €124,033 | €122,124 | €128,276 | €134,608 | €140,843 | ▲ 4.6% |
| Profit (loss) carried forward14 | €15,025 | €15,025 | €15,025 | €15,025 | €15,025 | €15,025 | €15,025 | €15,025 | = |
| Amounts payable17/49 | €45,669 | €43,922 | €22,836 | €20,027 | €46,519 | €57,865 | €59,432 | €43,520 | ▼ 26.8% |
| Amounts payable after more than one year17 | €8,814 | €4,657 | €1,574 | - | €23,755 | €16,265 | €10,444 | €1,427 | ▼ 86.3% |
| Financial debts170/4 | - | - | - | - | €23,755 | €16,265 | €10,444 | €1,427 | ▼ 86.3% |
| Amounts payable within one year42/48 | €36,855 | €38,768 | €21,262 | €20,027 | €22,764 | €41,600 | €48,989 | €41,812 | ▼ 14.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,574 | €7,481 | €7,490 | €8,751 | €9,017 | ▲ 3.0% |
| Trade debts44 | €11,204 | €5,935 | €6,050 | €1,407 | €1,129 | €833 | €34 | €1,902 | ▲ 56× |
| Suppliers440/4 | - | - | - | €1,407 | €1,129 | €833 | €34 | €1,902 | ▲ 56× |
| Taxes, remuneration and social security45 | - | - | - | €17,046 | €14,154 | €15,520 | €21,260 | €9,712 | ▼ 54.3% |
| Taxes450/3 | - | - | - | €17,046 | €14,154 | €12,213 | €21,260 | €9,712 | ▼ 54.3% |
| Remuneration and social security454/9 | - | - | - | - | - | €3,307 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €17,757 | €18,943 | €21,181 | ▲ 11.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €281 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,757 | €18,943 | €21,181 | €39,559 | €13,151 | €33,582 | €25,275 | €27,416 | ▲ 8.5% |
| + Depreciation and write-downs630 | €6,940 | €8,238 | €5,455 | €3,129 | €12,645 | €12,533 | €10,938 | €9,759 | ▼ 10.8% |
| Operating cash flow (approximation) | €24,697 | €27,181 | €26,636 | €42,687 | €25,796 | €46,115 | €36,213 | €37,176 | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | -€7,230 | -€4,958 | -€1,259 | -€41,177 | €0 | -€4,719 | €0 | - |
| Change in cash | - | -€10,602 | -€3,267 | €29,228 | -€14,467 | -€10,231 | €13,795 | -€14,422 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00167670 |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00153584 |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00129596 |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00172915 |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20070434 |
| 31-12-2020 | abbreviated format | 21-06-2021 | 2021-22000315 |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-34900125 |
| 31-12-2018 | abbreviated format | 07-06-2019 | 2019-16900308 |
| 31-12-2017 | abbreviated format | 05-06-2018 | 2018-16300495 |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-18700107 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,544 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.