ACTIVE

BROVAN

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Financial year 2025 · Closed on 31/12/2025

Net result494 k €+77,3 %over 1 year

Gross margin1,4 M €+26,4 %over 1 year

Equity324,2 k €-50,1 %over 1 year

Workforce10,0 ETP+2,0 %over 1 year

Identity

Source · BCE/KBO

BROVAN is a Private limited company incorporated in 1988. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Antwerpen. It employs on average 10,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0435.473.580
Incorporation: 27/09/1988
Legal form: Private limited company
Registered office: Bredabaan 179
2170 Antwerpen · FlandreSee on map
Contributed capital: 18 592,01 €
Latest accounts: 31/12/2025
Average workforce: 10,0 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 45332Sale of motor vehicle parts and accessories

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,4 M €	+26.4%	1,1 M €	+14.1%	938,2 k €	-5.4%	991,6 k €	+27.3%	779,2 k €
EBITDA	565,4 k €	+75.6%	321,9 k €	+127%	141,7 k €	+28.3%	110,5 k €	+82.8%	60,4 k €
Operating result	558,6 k €	+71.3%	326,2 k €	+199%	109,1 k €	+55.0%	70,4 k €	+241%	20,6 k €
Net result	494 k €	+77.3%	278,7 k €	+228%	84,9 k €	+397%	17,1 k €	+477%	-4,5 k €
Balance sheet
Equity	324,2 k €	-50.1%	650,1 k €	+13.8%	571,5 k €	+4.6%	546,6 k €	+2.3%	534,5 k €
Total assets	877,6 k €	-6.9%	942,7 k €	+17.6%	801,6 k €	+4.2%	769 k €	-7.2%	828,4 k €
Cash	305,6 k €	-10.3%	340,6 k €	+172%	125,4 k €	-31.3%	182,4 k €	+76.6%	103,2 k €
Debts	553,4 k €	+89.2%	292,5 k €	+27.1%	230,2 k €	+3.5%	222,4 k €	-24.3%	293,9 k €
Other
Workforce	10,0 ETP	+2.0%	9,8 ETP	-9.3%	10,8 ETP	-8.5%	11,8 ETP	+9.3%	10,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ACD-PROJECTS0559.834.609	Directorsince 05/01/2018Managerlisted until the 2017 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
STEFAAN BROSENS Comm.V0684.862.659	Managerlisted until the 2017 accountsDirector05/01/2018 → 2019 accounts
Stefaan Brosens	Manager2016 accounts

Other companies at this address

Bredabaan 179 2170 Antwerpen

Company	CBE no.
BROFLAM● Active	0564.927.604

Full financial information

Source · NBB

	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	28/08/2026	08/04/2025	23/07/2024	30/08/2023	31/08/2022	14/07/2021
General meeting	12/08/2026	01/04/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/08/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	01/04/2025	08/04/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	23/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	12/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	13/06/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	07/05/2015	11/05/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	12/05/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	26/09/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	28/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	31/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ACD-PROJECTS0559.834.609	Directorsince 05/01/2018Managerlisted until the 2017 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
STEFAAN BROSENS Comm.V0684.862.659	Managerlisted until the 2017 accountsDirector05/01/2018 → 2019 accounts
Stefaan Brosens	Manager2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring03/06/2022
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/04/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates12/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2018
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

ACD-PROJECTS

STEFAAN BROSENS Comm.V

STEFAAN BROSENS

STEFAN BROSENS

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BROVAN

Bredabaan 179, 2170 Merksem (Antwerp)

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bredabaan 179, 2170 Merksem (Antwerp)Current	accounts 2021 → 2025	Accounts 2025 · 2026-00441650

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BROVANCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00441650

Events

2025
Annual accounts 2025494 k €↑
2024
Annual accounts 2024278,7 k €↑
2023
Annual accounts 202384,9 k €↑
2022
Annual accounts 202217,1 k €↑
2021
Annual accounts 2021-4,5 k €↓
2020
Annual accounts 202050,9 k €↓
2019
Annual accounts 2019176,3 k €↑
2018
Annual accounts 201881,8 k €↑
2017
Annual accounts 201744,8 k €↓
2016
Annual accounts 201683,9 k €↑
2015
Annual accounts 201549,9 k €↓
2014
Annual accounts 2014109,6 k €↑
2013
Annual accounts 201310,4 k €↑
2012
Annual accounts 20123,3 k €↑
2011
Annual accounts 2011-21,2 k €↓
2010
Annual accounts 201020,1 k €↑
2009
Annual accounts 2009-18,8 k €↓
2008
Annual accounts 2008705,9 €↓
2007
Annual accounts 200710,1 k €↓
2006
Annual accounts 200625,8 k €
27/09/1988
IncorporationPrivate limited company

BROVAN

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events