D BRAIVES
ActiveD BRAIVES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €443k and a net result of €79k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+36
Solvency13▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days only on tighter terms
Liquidity short (current ratio 0.72 against 0.73 in 2024), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
11.4%
Return on assets
2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 10230 sector peers (2025).
NBB · sector comparisonPosition among 10230 sector peers
Solvency
better than 21%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
17 d early
2023
27 d late
2022
4 d early
2021
51 d early
2020
64 d early
2019
31 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€8.36M
EBIT margin
2.6%
Net result
€79k▼ 20.6%
2024 · €99k
2018: €121k
2019: €22k
2020: €121k
2021: €76k
2022: €221k
2023: €92k
2024: €99k
2018 → 2025
Working capital
€-411k▼ 5.7%
2024 · €-389k
2018: €-256k
2019: €-380k
2020: €-428k
2021: €-58k
2022: €164k
2023: €-290k
2024: €-389k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.36M
Equity€332k-€453k▲ 36.5%€455k▲ 0.5%€434k▼ 4.6%€443k▲ 2.0%
Operating result€128k-€268k▲ 109%€188k▼ 29.8%€220k▲ 16.6%€183k▼ 16.7%
Net result€76k-€221k▲ 190%€92k▼ 58.3%€99k▲ 7.6%€79k▼ 20.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.89M
Fixed assets
€2.84M▼ 0.8%
Current assets
€1.05M▲ 0.5%
Equity and liabilities €3.89M
Equity
€443k▲ 2.0%
Provisions
€12k▼ 14.3%
Debt
€3.43M▼ 0.7%
The debt ratio falls from 88.5% to 88.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€430k▼
2024 · €454k
Cash flow
€326k▼
2024 · €333k
Solvency
11.4%▲
2024 · 11.1%
Current ratio
0.72▼
2024 · 0.73
Quick ratio
0.39▲
2024 · 0.36
Debt / equity
7.75▼
2024 · 7.96
ROE
17.8%▼
2024 · 22.8%
ROA
2.0%▼
2024 · 2.5%
Interest coverage
5.59▲
2024 · 5.52
Debt
€3.43M▼
2024 · €3.46M
Debt ≤ 1 year
€1.46M▲
2024 · €1.43M
Debt > 1 year
€1.97M▼
2024 · €2.02M
Income taxes
€34k▼
2024 · €41k
Staff costs
€658k▲
2024 · €611k
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€3.91M€3.89M▼
Fixed assets21/28€2.86M€2.84M▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€2.86M€2.84M▼
Land and buildings22€1.28M€1.18M▼
Plant, machinery and equipment23€1.54M€1.42M▼
Furniture and vehicles24€11k€14k▲
Leasing and similar rights25€32k€25k▼
Other tangible fixed assets26-€199k
Current assets29/58€1.04M€1.05M▲
Stocks and contracts in progress3€524k€482k▼
Stocks30/36€524k€482k▼
Amounts receivable within one year40/41€95k€127k▲
Trade receivables40€90k€94k▲
Other amounts receivable41€6k€33k▲
Current investments50/53€13€50k▲
Cash at bank and in hand54/58€325k€369k▲
Deferred charges and accrued income490/1€99k€20k▼
Equity and liabilities
Total equity and liabilities10/49€3.91M€3.89M▼
Equity10/15€434k€443k▲
Contributions10/11€25k€25k=
Reserves13€81k€73k▼
Tax-exempt reserves132€58k€49k▼
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€329k€345k▲
Provisions and deferred taxes16€14k€12k▼
Deferred taxes168€14k€12k▼
Amounts payable17/49€3.46M€3.43M▼
Amounts payable after more than one year17€2.02M€1.97M▼
Financial debts170/4€2.02M€1.97M▼
Amounts payable within one year42/48€1.43M€1.46M▲
Current portion of amounts payable after more than one year42€377k€356k▼
Financial debts43€0€65k▲
Credit institutions430/8€0€15k▲
Other loans439-€50k
Trade debts44€685k€704k▲
Suppliers440/4€685k€661k▼
Bills of exchange payable441-€43k
Taxes, remuneration and social security45€157k€196k▲
Taxes450/3€59k€89k▲
Remuneration and social security454/9€98k€107k▲
Other amounts payable47/48€213k€138k▼
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Turnover70€8.36M-
Goods, raw materials, services and sundry goods60/61€7.45M-
Remuneration, social security and pensions62€611k€658k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€234k€247k▲
Other operating charges640/8€28k€43k▲
Non-recurring operating charges66A€9k-
Gross operating margin9900€1.10M€1.13M▲
Operating profit (loss)9901€220k€183k▼
Financial income75/76B€857€5k▲
Recurring financial income75€857€2k▲
Non-recurring financial income76B-€4k
Financial charges65/66B€82k€77k▼
Recurring financial charges65€82k€77k▼
Profit (loss) for the period before taxes9903€138k€111k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€41k€34k▼
Profit (loss) for the period9904€99k€79k▼
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€107k€87k▼
Appropriation of the result
Profit (loss) to be appropriated9906€449k€416k▼
Profit (loss) brought forward from the previous period14P€341k€329k▼
Profit to be distributed694/7€120k€70k▼
Return on contributions (dividend)694€120k€70k▼
Social balance
Average headcount (FTE)908716.416.3▼
The notes to these accounts (22 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €221k ▲190%
Operating result €268k, net result €221k, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €22k ▼82.1%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 5 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Braives · 2 establishment units since 2004
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.
Chaussée de Tirlemont 6 A4260 BraivesGround area
2,700 m²
Building footprint
246 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
PROXY DELHAIZE
since 20042.134.950.006
PROXY DELHAIZE
since 20222.334.334.001
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64015A1140/00A000 | Wallonia | 2,231 m² | 1 · 126 m² | - |
| 64015A0400/00P000 | Wallonia | 468 m² | 1 · 120 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBraives2.134.950.006
Braives2.334.334.001
Similar companies · same sector, comparable size
KUYPERS LINKEROEVER
BE 0836.861.758
Wuustwezel · Eq €443k
Proxy Linkeroever
BE 0554.849.007
Antwerpen · Eq €443k
RUSKI
BE 0898.035.797
Halle · Eq €444k
BIMAG
BE 0863.713.140
Binche · Eq €443k
DAD FRERES
BE 0875.280.983
Verlaine · Eq €444k
Of 10,411 companies in sector 47110 we hold annual accounts for 5,787. 3,278 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2003
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
52113
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.