ACTIVE

BRASEAP

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Financial year 2025 · closed on 31/12/2025

Net result

79,5 k €

+34.8% YoY

Revenue

551,1 k €

+12.9% YoY

Equity

1,1 M €

+6.5% YoY

Workforce

27,3 ETP

-17.5% YoY

What does BRASEAP do?

BRASEAP is a Non-profit organization incorporated in 1986. Its main activity is: Security and investigation activities. Its registered office is in Erquelinnes. It employs on average 27,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.861.744

Incorporation

14/02/1986

Legal form

Non-profit organization

Registered office

Rue Albert Ier 269
6560 Erquelinnes · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

27,3 ETP

Activities (NACE)

80421Security and investigation activities· main 85592Other education n.e.c.85592Other education n.e.c.

Joint committees (3)

329
32902
332

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	551,1 k €	+12.9%	488,4 k €		–		–		–		–		506 k €	+2.6%	493,2 k €	+5.5%	467,6 k €	-17.3%	565,4 k €		–		432 k €	+15.1%	375,1 k €	-1.5%	380,9 k €	-9.3%	419,9 k €	+21.4%	346 k €
EBITDA	203,6 k €	+18.2%	172,2 k €	+444%	-50,1 k €	-132%	155,6 k €	-19.6%	193,5 k €	+226%	59,4 k €	-48.4%	115,1 k €	-37.4%	183,8 k €	+35.2%	135,9 k €	-44.7%	246 k €	+105%	119,9 k €	-25.3%	160,6 k €	-8.9%	176,4 k €	-2.0%	180 k €	+60.8%	111,9 k €	+63.0%	68,7 k €
Operating result	87,6 k €	+32.0%	66,3 k €	+141%	-163,6 k €	-463%	45,1 k €	-53.4%	96,9 k €	+383%	-34,2 k €	-236%	25,1 k €	-70.7%	85,7 k €	+121%	38,8 k €	-74.5%	151,9 k €	+313%	36,7 k €	-56.1%	83,6 k €	-16.2%	99,8 k €	-0.7%	100,5 k €	+236%	29,9 k €	+1685%	-1,9 k €
Net result	79,5 k €	+34.8%	59 k €	+134%	-172,1 k €	-508%	42,2 k €	-54.8%	93,3 k €	+348%	-37,6 k €	-267%	22,6 k €	-71.4%	78,9 k €	+117%	36,3 k €	-75.3%	147,3 k €	+338%	33,6 k €	-56.4%	77,2 k €	-15.0%	90,9 k €	+2.5%	88,6 k €	+449%	16,2 k €	+390%	-5,6 k €
Balance sheet
Equity	1,1 M €	+6.5%	1 M €	+4.3%	979,3 k €	-13.2%	1,1 M €	+3.1%	1,1 M €	+29.6%	844,1 k €	-3.0%	870 k €	+2.9%	845,1 k €	+9.7%	770,5 k €	+3.5%	744,3 k €	+22.7%	606,5 k €	+4.0%	583,5 k €	+12.9%	516,8 k €	+18.4%	436,5 k €	+24.5%	350,5 k €	+2.3%	342,5 k €
Total assets	2 M €	-2.7%	2,1 M €	+7.6%	1,9 M €	-1.2%	2 M €	+4.7%	1,9 M €	+44.0%	1,3 M €	+0.8%	1,3 M €	-5.1%	1,4 M €	-3.6%	1,4 M €	-4.6%	1,5 M €	+10.0%	1,3 M €	-3.1%	1,4 M €	+1.1%	1,4 M €	-3.8%	1,4 M €	-5.8%	1,5 M €	-3.0%	1,6 M €
Cash	509,6 k €	+5.8%	481,6 k €	+23.6%	389,6 k €	+743%	46,2 k €	-88.0%	386,2 k €	+147%	156,4 k €	+39.3%	112,3 k €	+6.2%	105,8 k €	-37.8%	170 k €	+68.3%	101 k €	+126%	44,6 k €	-46.4%	83,2 k €	+1.7%	81,8 k €	+13.6%	72 k €	-47.2%	136,3 k €	+111%	64,7 k €
Debts	598,4 k €	-23.9%	786,3 k €	+47.3%	533,8 k €	-18.4%	654,1 k €	+9.6%	596,9 k €	+100%	298,3 k €	-24.5%	395,2 k €	-22.6%	510,6 k €	-19.6%	635,2 k €	-13.0%	730,1 k €	+0.2%	728,3 k €	-8.3%	794,4 k €	-6.0%	845 k €	-13.7%	979,6 k €	-16.3%	1,2 M €	-4.4%	1,2 M €
Other
Workforce	27,3 ETP	-17.5%	33,1 ETP	+1.5%	32,6 ETP	+3.8%	31,4 ETP	-5.7%	33,3 ETP	+32.1%	25,2 ETP	+2.4%	24,6 ETP	+4.2%	23,6 ETP	-0.4%	23,7 ETP	-2.5%	24,3 ETP	+3.0%	23,6 ETP	-1.3%	23,9 ETP	+7.7%	22,2 ETP	+6.7%	20,8 ETP	-3.7%	21,6 ETP	+9.6%	19,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 41 ended

Active mandates

Philippe Meuter

Director · since 03 avril 2025 · until 30 juin 2028

Active

Pierre Beck

Director · since 01 novembre 2020 · until 30 juin 2028

Active

Brigitte Chanoine

Director · since 07 mars 2019 · until 30 juin 2026

Active

Marie-Claire Huts

Director · since 02 juin 2016 · until 30 juin 2027

Active

Florence Denamur

Director · since 12 juin 2007 · until 30 juin 2029

Active

David Lavaux

Director · since 09 novembre 2004 · until 30 juin 2026

Active

Bernard Dachy

Chairman of the board of directors · since 04 mai 2004 · until 30 juin 2026

Active

Ended mandates

Pierre Beck

Director · since 01 novembre 2020 · until 31 octobre 2024

Ended

Brigitte Chanoine

Director · since 07 mars 2019 · until 30 juin 2022

Ended

Brigitte Chanoine

Director · since 07 mars 2019 · until 30 juin 2024

Ended

Marie Claire Huts

Director · since 02 juin 2016 · until 30 juin 2019

Ended

At this address

Other companies at this address

Company	CBE no.
CAP - INFO● Active	0476.610.290

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	29/06/2026	01/07/2025	25/06/2024	28/06/2023	20/06/2022	08/06/2021
General meeting	11/05/2026	12/05/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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	11/05/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	12/05/2025	01/07/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	20/06/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	08/06/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	11/06/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	12/06/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	07/06/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	06/06/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	08/06/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	10/06/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	05/06/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	09/06/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	23/07/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 7 active · 41 ended

Active mandates

Philippe Meuter

Director · since 03 avril 2025 · until 30 juin 2028

Active

Pierre Beck

Director · since 01 novembre 2020 · until 30 juin 2028

Active

Brigitte Chanoine

Director · since 07 mars 2019 · until 30 juin 2026

Active

Marie-Claire Huts

Director · since 02 juin 2016 · until 30 juin 2027

Active

Florence Denamur

Director · since 12 juin 2007 · until 30 juin 2029

Active

David Lavaux

Director · since 09 novembre 2004 · until 30 juin 2026

Active

Bernard Dachy

Chairman of the board of directors · since 04 mai 2004 · until 30 juin 2026

Active

Ended mandates

Pierre Beck

Director · since 01 novembre 2020 · until 31 octobre 2024

Ended

Brigitte Chanoine

Director · since 07 mars 2019 · until 30 juin 2022

Ended

Brigitte Chanoine

Director · since 07 mars 2019 · until 30 juin 2024

Ended

Marie Claire Huts

Director · since 02 juin 2016 · until 30 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates20/05/2025
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates17/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/06/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202579,5 k €↑
2024
Annual accounts 202459 k €↑
2023
Annual accounts 2023-172,1 k €↓
2022
Annual accounts 202242,2 k €↓
2022
Name changeBRAS.E.A.P.
2021
Annual accounts 202193,3 k €↑
2020
Annual accounts 2020-37,6 k €↓
2019
Annual accounts 201922,6 k €↓
2018
Annual accounts 201878,9 k €↑
2017
Annual accounts 201736,3 k €↓
2016
Annual accounts 2016147,3 k €↑
2015
Annual accounts 201533,6 k €↓
2014
Annual accounts 201477,2 k €↓
2013
Annual accounts 201390,9 k €↑
2012
Annual accounts 201288,6 k €↑
2011
Annual accounts 201116,2 k €↑
2010
Annual accounts 2010-5,6 k €
2010
Name changeBRASEAP
14/02/1986
IncorporationNon-profit organization

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

BRASEAP

Overview

What does BRASEAP do?

Trend over 16 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