ACTIVE

BRAEM

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+1489.1% YoY

Revenue

88,4 M €

+3.0% YoY

Equity

26,3 M €

+1.5% YoY

Workforce

237,0 ETP

+3.0% YoY

What does BRAEM do?

BRAEM is a Public limited company incorporated in 1988. Its registered office is in Kortemark. It employs on average 237,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.912.375

Incorporation

30/03/1988

Legal form

Public limited company

Registered office

Handzaamse Nieuwstraat 7
8610 Kortemark · FlandreSee on map

Contributed capital

1 138 029,37 €

Latest accounts

31/12/2025

Average workforce

237,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2007
Income statement
Revenue	88,4 M €	+3.0%	85,8 M €	-1.0%	86,6 M €	+6.5%	81,3 M €	+6.6%	76,3 M €	+27.0%	60 M €	-5.0%	63,2 M €	+5.9%	59,7 M €	+43.6%	41,6 M €
EBITDA	3,2 M €	+108%	1,5 M €	-60.6%	3,9 M €	-43.0%	6,8 M €	-3.5%	7,1 M €	+78.7%	3,9 M €	+172%	1,5 M €	+13.5%	1,3 M €	-81.3%	6,9 M €
Operating result	2 M €	+186%	698,7 k €	-75.0%	2,8 M €	-55.6%	6,3 M €	-2.6%	6,5 M €	+101%	3,2 M €	+392%	656,1 k €	+6263%	10,3 k €	-99.8%	6,1 M €
Net result	1,5 M €	+1489%	94,6 k €	-94.8%	1,8 M €	-62.5%	4,8 M €	+1.3%	4,8 M €	+114%	2,2 M €	+533%	353,7 k €	+431%	-106,9 k €	-105%	2 M €
Balance sheet
Equity	26,3 M €	+1.5%	25,9 M €	-0.1%	26 M €	+3.7%	25 M €	+15.3%	21,7 M €	+19.5%	18,1 M €	+12.1%	16,2 M €	+2.2%	15,8 M €	+23.3%	12,8 M €
Total assets	45,6 M €	-1.3%	46,3 M €	-10.5%	51,7 M €	+16.8%	44,3 M €	+31.5%	33,6 M €	+4.5%	32,2 M €	-0.6%	32,4 M €	-3.2%	33,5 M €	+25.7%	26,6 M €
Cash	1,6 M €	+218%	487,7 k €	-32.5%	722 k €	-26.9%	987,5 k €	+27.7%	773,6 k €	-23.1%	1 M €	-29.2%	1,4 M €	+15.5%	1,2 M €	+26.3%	973,6 k €
Debts	19,1 M €	-5.0%	20,1 M €	-21.3%	25,5 M €	+34.2%	19 M €	+61.9%	11,7 M €	-15.7%	13,9 M €	-13.4%	16,1 M €	-7.5%	17,4 M €	+39.1%	12,5 M €
Other
Workforce	237,0 ETP	+3.0%	230,1 ETP	+2.9%	223,6 ETP	+0.4%	222,7 ETP	+1.5%	219,4 ETP	-3.2%	226,6 ETP	+1.4%	223,5 ETP	+0.4%	222,5 ETP	+43.8%	154,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 41 ended

Active mandates

Braem Invest

Managing director · since 28 juin 2024 · until 22 juin 2029 · 0462.955.066

Represented by Johan Braem

Active

Claire Hoste

Director · since 28 juin 2024 · until 22 juin 2029

Active

Immovac

Managing director · since 28 juin 2024 · until 22 juin 2029 · 0437.969.846

Represented by Christophe Hoste

Active

Jules Braem

Director · since 28 juin 2024 · until 22 juin 2029

Active

Ended mandates

Braem Invest

Managing director · since 28 juin 2024 · until 29 juin 2029 · 0462.955.066

Represented by Johan Braem

Ended

Claire Hoste

Director · since 28 juin 2024 · until 29 juin 2029

Ended

Immovac

Managing director · since 28 juin 2024 · until 29 juin 2029 · 0437.969.846

Represented by Christophe Hoste

Ended

Jules Braem

Director · since 28 juin 2024 · until 29 juin 2029

Ended

At this address

Other companies at this address

Company	CBE no.
IMBRACO● Active	0433.913.563
Immo Braem● Active	0451.511.640
TSE TRUCK SERVICE EUROPE● Active	0838.724.950
Van & Truck Rental● Active	0734.443.616

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	18/07/2025	15/07/2024	17/07/2023	26/07/2022	23/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	26/07/2022	Dutch	PDF
Full modelCorrection	31/12/2020	25/06/2021	23/08/2021	Dutch	PDF
Full model	31/12/2020	25/06/2021	23/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	09/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	13/07/2018	24/08/2018	Dutch	PDF
Full model	31/12/2016	31/07/2017	17/08/2017	Dutch	PDF
Full model	31/12/2015	05/07/2016	12/08/2016	Dutch	PDF
Full model	31/12/2014	11/05/2015	08/06/2015	Dutch	PDF
Full model	31/03/2014	27/09/2014	16/10/2014	Dutch	PDF
Full model	31/03/2013	18/11/2013	26/11/2013	Dutch	PDF
Full model	31/03/2012	29/10/2012	05/11/2012	Dutch	PDF
Full model	31/03/2011	26/10/2011	17/11/2011	Dutch	PDF
Full model	31/03/2010	11/10/2010	04/11/2010	Dutch	PDF
Full model	31/03/2009	29/10/2009	20/11/2009	Dutch	PDF
Full model	31/03/2008	26/11/2008	28/11/2008	Dutch	PDF
Full model	31/03/2007	27/11/2007	28/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 4 active · 41 ended

Active mandates

Braem Invest

Managing director · since 28 juin 2024 · until 22 juin 2029 · 0462.955.066

Represented by Johan Braem

Active

Claire Hoste

Director · since 28 juin 2024 · until 22 juin 2029

Active

Immovac

Managing director · since 28 juin 2024 · until 22 juin 2029 · 0437.969.846

Represented by Christophe Hoste

Active

Jules Braem

Director · since 28 juin 2024 · until 22 juin 2029

Active

Ended mandates

Braem Invest

Managing director · since 28 juin 2024 · until 29 juin 2029 · 0462.955.066

Represented by Johan Braem

Ended

Claire Hoste

Director · since 28 juin 2024 · until 29 juin 2029

Ended

Immovac

Managing director · since 28 juin 2024 · until 29 juin 2029 · 0437.969.846

Represented by Christophe Hoste

Ended

Jules Braem

Director · since 28 juin 2024 · until 29 juin 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other01/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates16/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2018
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 20251,5 M €↑
2024
Annual accounts 202494,6 k €↓
28/06/2024
reconductionNV BRAEM INVEST — bestuurder
28/06/2024
reconductionNV IMMOVAC — bestuurder
28/06/2024
reconductionClaire Hoste — bestuurder
28/06/2024
reconductionJules Braem — bestuurder
28/06/2024
reconductionNV CALLENS VANDELANOTTE — commissaris
2023
Annual accounts 20231,8 M €↓
2022
Annual accounts 20224,8 M €↑
2021
Annual accounts 20214,8 M €↑
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 2019353,7 k €↑
2018
Annual accounts 2018-106,9 k €↓
2014
Name changeBRAEM
2007
Annual accounts 20072 M €
2007
Name changeBraem Gebroeders
30/03/1988
IncorporationPublic 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

BRAEM

Overview

What does BRAEM do?

Trend over 9 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