ACTIVE

Braco

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Financial year 2025 · closed on 31/12/2025

Net result

643,3 k €

+11.9% YoY

Gross margin

1,1 M €

+6.5% YoY

Equity

88,6 k €

+95.6% YoY

Workforce

4,0 ETP

-9.1% YoY

What does Braco do?

Braco is a Private limited company incorporated in 1968. Its registered office is in Aalst. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.276.735

Incorporation

01/01/1968

Legal form

Private limited company

Registered office

Hekkestraat 45
9308 Aalst · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,1 M €	+6.5%	1 M €	-2.4%	1,1 M €	+3.9%	1 M €	+2.1%	996 k €	+3.8%	959,5 k €	+11.3%	861,7 k €	-14.4%	1 M €	+7.3%	937,7 k €	+2.6%	913,9 k €		–		–		–		–		–		143,2 k €	+11.1%	128,9 k €	-16.6%	154,5 k €	-5.0%	162,7 k €
EBITDA	854,2 k €	+11.9%	763,3 k €	-0.6%	767,9 k €	+5.6%	727 k €	-0.7%	731,8 k €	+1.7%	719,9 k €	+17.2%	614,1 k €	-17.0%	740,1 k €	+4.0%	711,5 k €	+3.4%	688,2 k €	+10.9%	620,8 k €	+18.8%	522,5 k €	+5.0%	497,5 k €	+119%	227,1 k €	+389%	46,4 k €	+13.7%	40,8 k €	+58.3%	25,8 k €	-52.1%	53,8 k €	-11.3%	60,6 k €
Operating result	850,1 k €	+13.5%	748,8 k €	+1.7%	736,2 k €	+6.4%	691,7 k €	-2.6%	710,1 k €	+2.6%	692 k €	+16.9%	591,9 k €	-16.7%	710,6 k €	+5.6%	672,8 k €	+3.8%	648,3 k €	+9.7%	591,2 k €	+20.6%	490,4 k €	+4.5%	469,1 k €	+118%	215,7 k €	+781%	24,5 k €	+5.2%	23,3 k €	+10074%	-233,4 €	-101%	20,5 k €	-14.1%	23,8 k €
Net result	643,3 k €	+11.9%	574,7 k €	+4.9%	547,9 k €	+3.9%	527,4 k €	-0.7%	531,2 k €	+2.5%	518,4 k €	+24.2%	417,3 k €	-16.7%	500,9 k €	+12.7%	444,3 k €	+3.6%	428,9 k €	+9.3%	392,4 k €	+18.6%	330,8 k €	+4.8%	315,8 k €	+128%	138,4 k €	+516%	22,5 k €	+48.2%	15,2 k €	+1091%	-1,5 k €	-110%	15,1 k €	-7.3%	16,3 k €
Balance sheet
Equity	88,6 k €	+95.6%	45,3 k €	-93.2%	670,6 k €	+447%	122,7 k €	-82.4%	695,2 k €	+324%	164 k €	-76.4%	695,6 k €	-10.6%	778,3 k €	+14.9%	677,4 k €	-31.1%	983 k €	+77.4%	554,2 k €	+8.3%	511,7 k €	-18.9%	630,9 k €	+100%	315,1 k €	+78.3%	176,7 k €	+14.6%	154,3 k €	+0.1%	154,1 k €	-7.5%	166,6 k €	+10.0%	151,5 k €
Total assets	911,7 k €	-33.2%	1,4 M €	+63.6%	834,9 k €	-41.5%	1,4 M €	+86.1%	767 k €	-43.6%	1,4 M €	+67.7%	810,8 k €	-10.6%	906,4 k €	+5.8%	856,4 k €	-25.1%	1,1 M €	+68.5%	678,7 k €	+4.2%	651,4 k €	-8.6%	712,7 k €	+43.2%	497,6 k €	+107%	241 k €	-9.5%	266,1 k €	+6.1%	250,9 k €	-4.7%	263,4 k €	-6.8%	282,7 k €
Cash	627 k €	-43.5%	1,1 M €	+624%	153,3 k €	-84.8%	1 M €	+90.9%	529 k €	-50.7%	1,1 M €	+120%	487,7 k €	-16.2%	582,1 k €	-1.4%	590,2 k €	-34.4%	899,2 k €	+111%	426,4 k €	-2.4%	436,7 k €	-12.4%	498,4 k €	+310%	121,6 k €	+64.8%	73,8 k €	+97.7%	37,3 k €	-11.6%	42,2 k €	+41.4%	29,9 k €	+1.0%	29,6 k €
Debts	822,3 k €	-37.7%	1,3 M €	+753%	154,7 k €	-88.1%	1,3 M €	+1723%	71,5 k €	-94.0%	1,2 M €	+948%	114 k €	-9.0%	125,3 k €	-30.0%	179 k €	+11.7%	160,3 k €	+28.7%	124,5 k €	-10.8%	139,6 k €	+84.1%	75,8 k €	-58.4%	182,5 k €	+185%	64,1 k €	-42.6%	111,6 k €	+15.3%	96,8 k €	+0.1%	96,8 k €	-26.2%	131,2 k €
Other
Workforce	4,0 ETP	-9.1%	4,4 ETP	-12.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+2.0%	4,9 ETP	+22.5%	4,0 ETP	0.0%	4,0 ETP	+2.6%	3,9 ETP	+56.0%	2,5 ETP	-10.7%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

AFL MANAGEMENT

Director · 0887.973.830

Represented by Xavier MIGNOLET

Active

Martin STRUYF

Director

Active

Richard POLLARD

Director

Active

Ended mandates

Martin STRUYF

Director · since 17 juin 2019 · until 15 juin 2020

Ended

Richard Pollard

Manager · since 13 août 2018 · until 17 juin 2019

Ended

Xavier Hinck

Manager · since 15 juin 2018 · until 13 août 2018

Ended

AFL MANAGEMENT

Manager · since 15 juin 2017 · until 15 juin 2018 · 0887.973.830

Represented by Xavier Mignolet

Ended

At this address

Other companies at this address

Company	CBE no.
BRANDBEVEILIGING MARLIER● Active	0456.977.094

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	18/06/2025	17/06/2024	15/06/2023	27/06/2022	10/06/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/05/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/05/2025	18/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/05/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2014	15/06/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	17/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	27/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	08/03/2011	11/03/2011	Dutch	PDF
Abridged model	31/12/2009	07/04/2010	28/04/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	05/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/03/2008	14/04/2008	Dutch	PDF
Abridged model	31/12/2006	21/03/2007	30/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

AFL MANAGEMENT

Director · 0887.973.830

Represented by Xavier MIGNOLET

Active

Martin STRUYF

Director

Active

Richard POLLARD

Director

Active

Ended mandates

Martin STRUYF

Director · since 17 juin 2019 · until 15 juin 2020

Ended

Richard Pollard

Manager · since 13 août 2018 · until 17 juin 2019

Ended

Xavier Hinck

Manager · since 15 juin 2018 · until 13 août 2018

Ended

AFL MANAGEMENT

Manager · since 15 juin 2017 · until 15 juin 2018 · 0887.973.830

Represented by Xavier Mignolet

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2020
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025643,3 k €↑
2024
Annual accounts 2024574,7 k €↑
2023
Annual accounts 2023547,9 k €↑
2022
Annual accounts 2022527,4 k €↓
2021
Annual accounts 2021531,2 k €↑
2020
Annual accounts 2020518,4 k €↑
2019
Annual accounts 2019417,3 k €↓
2018
Annual accounts 2018500,9 k €↑
2017
Annual accounts 2017444,3 k €↑
2016
Annual accounts 2016428,9 k €↑
2015
Annual accounts 2015392,4 k €↑
2014
Annual accounts 2014330,8 k €↑
2013
Annual accounts 2013315,8 k €↑
2012
Annual accounts 2012138,4 k €↑
2011
Annual accounts 201122,5 k €↑
2010
Annual accounts 201015,2 k €↑
2009
Annual accounts 2009-1,5 k €↓
2008
Annual accounts 200815,1 k €↓
2007
Annual accounts 200716,3 k €
01/01/1968
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Braco

Overview

What does Braco do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline