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IMMO BRAKO

Active
Private limited companyfounded 201114 yrs activeLepelaarstraat 3, 2050 Antwerpen, BelgiumKBO/BCE: BE 0841.541.019
Summary

IMMO BRAKO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €862,795 and a net result of €66,038. Equity is growing by ~8.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability78▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 22.31; short-term debt: 2.7% and cash: 51.9% of total assets), and 2.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
97.3%
Return on assets
7.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
51 d early
2023
89 d late
2022
44 d early
2021
15 d early
2020
17 d early
2019
50 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 6 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO BRAKO was incorporated on 23 November 2011.1 Total assets rose from EUR 596,380 in 2018 to EUR 886,418 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€862,795▲ 8.3%
2024 · €796,757
Total assets
€886,418▲ 11.3%
2024 · €796,757
Net result
€66,038▼ 9.1%
2024 · €72,610
Working capital
€503,397▲ 133%
2021 · €215,965
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€70,162▲ 1.2%€74,616▲ 6.3%€96,111▲ 28.8%€95,663▼ 0.5%€89,584▼ 6.4%
Net result€47,115▲ 24.2%€49,950▲ 6.0%€72,255▲ 44.7%€72,610▲ 0.5%€66,038▼ 9.1%
Equity€601,943▲ 8.5%€651,893▲ 8.3%€724,147▲ 11.1%€796,757▲ 10.0%€862,795▲ 8.3%
Total assets€606,932▲ 2.2%€651,893▲ 7.4%€724,147▲ 11.1%€796,757▲ 10.0%€886,418▲ 11.3%
Debt€4,989▼ 87.3%€23,623
Working capital€215,965▲ 48.1%€503,397
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2021: €70,162€70,162Net result 2021: €47,115€47,115Operating result 2022: €74,616€74,616Net result 2022: €49,950€49,950Operating result 2023: €96,111€96,111Net result 2023: €72,255€72,255Operating result 2024: €95,663€95,663Net result 2024: €72,610€72,610Operating result 2025: €89,584€89,584Net result 2025: €66,038€66,03820212022202320242025€0€25,000€50,000€75,000€100,000Operating result 2023: €96,111€96,100Net result 2023: €72,255€72,300Operating result 2024: €95,663€95,700Net result 2024: €72,610€72,600Operating result 2025: €89,584€89,600Net result 2025: €66,038€66,000202320242025
The operating result has fallen two years in a row; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €886,418
Fixed assets €359,398 ▼ 0.3%
Current assets €527,020 ▲ 20.8%
Equity and liabilities €886,418
Equity €862,795
Debt €23,623
Debt finances 2.7% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€90,754▼
2024 · €96,833
Cash flow
€67,208▼
2024 · €73,780
Current ratio
22.31
Debt to equity
0.03
ROE
7.7%▼
2024 · 9.1%
ROA
7.4%▼
2024 · 9.1%
Interest coverage
111.71▼
2024 · 1902.04
Debt ≤ 1 year
€23,623
Income taxes
€24,004▼
2024 · €24,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
3.1% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€796,757€886,418▲
Fixed assets21/28€360,568€359,398▼
Tangible fixed assets22/27€360,568€359,398▼
Land and buildings22€360,568€359,398▼
Current assets29/58€436,189€527,020▲
Amounts receivable within one year40/41€12,154-
Other amounts receivable41€12,154-
Current investments50/53-€67,112
Cash at bank and in hand54/58€424,035€459,908▲
Equity and liabilities
Total equity and liabilities10/49€796,757€886,418▲
Equity10/15€796,757€862,795▲
Contributions10/11€96,545€96,545=
Revaluation surpluses12€232,000€232,000=
Reserves13€273,398€273,398=
Non-distributable reserves130/1€9,654€9,654=
Reserves not available under the articles1311€9,654€9,654=
Distributable reserves133€263,744€263,744=
Profit (loss) carried forward14€194,814€260,852▲
Amounts payable17/49-€23,623
Amounts payable within one year42/48-€23,623
Taxes, remuneration and social security45-€23,623
Taxes450/3-€23,623
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,170€1,170=
Other operating charges640/8€10,495€11,869▲
Gross operating margin9900€107,327€102,622▼
Operating profit (loss)9901€95,663€89,584▼
Financial income75/76B€1,201€1,271▲
Recurring financial income75€1,201€1,271▲
Financial charges65/66B€51€812▲
Recurring financial charges65€51€812▲
Profit (loss) for the period before taxes9903€96,813€90,042▼
Income taxes67/77€24,203€24,004▼
Profit (loss) for the period9904€72,610€66,038▼
Profit (loss) for the period to be appropriated9905€72,610€66,038▼
Appropriation of the result
Profit (loss) to be appropriated9906€194,814€260,852▲
Profit (loss) brought forward from the previous period14P€122,205€194,814▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,070€23,070€1,170€1,170€1,170=
Other operating charges640/8€9,113€9,304€10,123€10,495€11,869▲ 13.1%
Gross operating margin9900€102,345€106,990€107,404€107,327€102,622▼ 4.4%
Operating profit (loss)9901€70,162€74,616€96,111€95,663€89,584▼ 6.4%
Financial income75/76B€0-€275€1,201€1,271▲ 5.8%
Recurring financial income75€0-€275€1,201€1,271▲ 5.8%
Financial charges65/66B€45€46€46€51€812▲ 1,496%
Recurring financial charges65€45€46€46€51€812▲ 1,496%
Profit (loss) for the period before taxes9903€70,116€74,570€96,339€96,813€90,042▼ 7.0%
Income taxes67/77€23,002€24,621€24,085€24,203€24,004▼ 0.8%
Profit (loss) for the period9904€47,115€49,950€72,255€72,610€66,038▼ 9.1%
Profit (loss) for the period to be appropriated9905€47,115€49,950€72,255€72,610€66,038▼ 9.1%
Line20212022202320242025Change
Assets
Total assets20/58€606,932€651,893€724,147€796,757€886,418▲ 11.3%
Fixed assets21/28€385,978€362,908€361,738€360,568€359,398▼ 0.3%
Tangible fixed assets22/27€385,978€362,908€361,738€360,568€359,398▼ 0.3%
Land and buildings22€385,978€362,908€361,738€360,568€359,398▼ 0.3%
Current assets29/58€220,954€288,985€362,410€436,189€527,020▲ 20.8%
Amounts receivable within one year40/41€1,998€379€5,997€12,154--
Other amounts receivable41€1,998€379€5,997€12,154--
Current investments50/53----€67,112-
Cash at bank and in hand54/58€218,956€288,605€356,412€424,035€459,908▲ 8.5%
Equity and liabilities
Total equity and liabilities10/49€606,932€651,893€724,147€796,757€886,418▲ 11.3%
Equity10/15€601,943€651,893€724,147€796,757€862,795▲ 8.3%
Contributions10/11€96,545€96,545€96,545€96,545€96,545=
Revaluation surpluses12€253,900€232,000€232,000€232,000€232,000=
Reserves13€251,498€273,398€273,398€273,398€273,398=
Non-distributable reserves130/1€9,654€9,654€9,654€9,654€9,654=
Reserves not available under the articles1311€9,654€9,654€9,654€9,654€9,654=
Distributable reserves133€241,844€263,744€263,744€263,744€263,744=
Profit (loss) carried forward14-€49,950€122,205€194,814€260,852▲ 33.9%
Amounts payable17/49€4,989---€23,623-
Amounts payable within one year42/48€4,989---€23,623-
Trade debts44€243-----
Suppliers440/4€243-----
Taxes, remuneration and social security45----€23,623-
Taxes450/3----€23,623-
Other amounts payable47/48€4,746-----
Line20212022202320242025Change
Profit (loss) for the period9904€47,115€49,950€72,255€72,610€66,038▼ 9.1%
+ Depreciation and write-downs630€23,070€23,070€1,170€1,170€1,170=
Operating cash flow (approximation)€70,185€73,020€73,425€73,780€67,208▼ 8.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€69,650€67,807€67,623€35,873▼ 47.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €72,610 ▲0.5%
Net result €72,610, the highest in the series.
28-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
17-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
16-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity times 9current ratio 44.29
Current ratio from 4.72 to 44.29; short-term debt falls from €39,223 to €4,989.
14-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet €37,930 ▼4.3%
Net result drops to €37,930, the lowest in the series; recovery starts the following year.
11-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Antwerpen
exact location from the address register On OpenStreetMap
Ground area
3,973 m²
Building footprint
2,667 m²
Volume, LiDAR
646 m³
Parcel 11813N0204/00H000, Flanders · tallest building 3.4 m. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11813N0204/00H000 Flanders 3,973 m² 1 · 2,667 m² 3.4 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

6488750MFF78N9K3TY71
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded23-11-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.