ACTIVE

BROVAN

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Financial year 2025 · closed on 31/12/2025

Net result

494 k €

+77.3% YoY

Gross margin

1,4 M €

+26.4% YoY

Equity

324,2 k €

-50.1% YoY

Workforce

10,0 ETP

+2.0% YoY

What does BROVAN do?

BROVAN is a Private limited company incorporated in 1988. 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

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
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 €	-7.6%	843 k €	-16.3%	1 M €	+24.6%	808 k €	+19.2%	678 k €	-13.1%	780 k €	+28.2%	608,5 k €	-12.0%	691,7 k €	+58.7%	436 k €	+16.0%	375,9 k €	-1.4%	381,3 k €	-11.0%	428,6 k €	+44.7%	296,2 k €	+14.9%	257,8 k €	-5.3%	272,2 k €	-19.3%	337,4 k €
EBITDA	565,4 k €	+75.6%	321,9 k €	+127%	141,7 k €	+28.3%	110,5 k €	+82.8%	60,4 k €	-58.9%	147,2 k €	-51.9%	306 k €	+84.9%	165,5 k €	+5.3%	157,1 k €	-42.7%	274,4 k €	+110%	130,5 k €	-43.0%	228,8 k €	+184%	80,5 k €	-2.4%	82,5 k €	+13.9%	72,5 k €	-43.3%	127,8 k €	+66.0%	76,9 k €	+35.7%	56,7 k €	+11.0%	51,1 k €	-16.4%	61,1 k €
Operating result	558,6 k €	+71.3%	326,2 k €	+199%	109,1 k €	+55.0%	70,4 k €	+241%	20,6 k €	-80.4%	104,9 k €	-60.1%	262,7 k €	+108%	126,6 k €	+59.5%	79,4 k €	-44.9%	143,9 k €	+48.4%	97 k €	-50.0%	193,8 k €	+518%	31,4 k €	-41.1%	53,2 k €	+317%	12,8 k €	-83.0%	75,1 k €	+120%	34,2 k €	-2.4%	35 k €	+27.1%	27,5 k €	-41.7%	47,2 k €
Net result	494 k €	+77.3%	278,7 k €	+228%	84,9 k €	+397%	17,1 k €	+477%	-4,5 k €	-109%	50,9 k €	-71.1%	176,3 k €	+116%	81,8 k €	+82.6%	44,8 k €	-46.6%	83,9 k €	+68.1%	49,9 k €	-54.5%	109,6 k €	+951%	10,4 k €	+220%	3,3 k €	+115%	-21,2 k €	-205%	20,1 k €	+207%	-18,8 k €	-2769%	705,9 €	-93.0%	10,1 k €	-60.9%	25,8 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 €	-0.8%	539 k €	+10.4%	488,2 k €	+34.9%	361,9 k €	+14.8%	315,1 k €	+16.6%	270,4 k €	+45.0%	186,5 k €	+36.5%	136,6 k €	+406%	27 k €	+62.9%	16,6 k €	+24.4%	13,3 k €	-61.4%	34,5 k €	+139%	14,4 k €	-56.6%	33,3 k €	+2.2%	32,6 k €	+44.9%	22,5 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 €	-4.3%	865,3 k €	-11.0%	972,2 k €	+3.9%	935,3 k €	+49.9%	624 k €	-0.8%	629 k €	+20.5%	521,8 k €	-16.4%	624,3 k €	+15.6%	539,8 k €	-15.5%	638,5 k €	+0.7%	634,2 k €	-16.7%	761,6 k €	+13.1%	673,3 k €	+84.9%	364,2 k €	-0.5%	366,1 k €	+0.9%	362,8 k €
Cash	305,6 k €	-10.3%	340,6 k €	+172%	125,4 k €	-31.3%	182,4 k €	+76.6%	103,2 k €	-43.6%	183 k €	-29.0%	257,6 k €	+125%	114,7 k €	+169%	42,6 k €	-76.2%	178,8 k €	+550%	27,5 k €	-73.7%	104,6 k €	+1437%	6,8 k €	-31.3%	9,9 k €	+17.6%	8,4 k €	-5.6%	8,9 k €		–		17,2 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 €	-9.9%	326,3 k €	-32.6%	484 k €	-15.6%	573,4 k €	+85.7%	308,8 k €	-13.9%	358,6 k €	+6.9%	335,3 k €	-31.2%	487,7 k €	-4.9%	512,8 k €	-17.4%	621,1 k €	+0.0%	620,9 k €	-14.5%	726,3 k €	+10.2%	658,9 k €	+99.1%	330,9 k €	-0.8%	333,5 k €	-2.0%	340,4 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	-15.0%	12,7 ETP	+1.6%	12,5 ETP	+12.6%	11,1 ETP	+18.1%	9,4 ETP	-4.1%	9,8 ETP	+4.3%	9,4 ETP	+2.2%	9,2 ETP	+10.8%	8,3 ETP	-2.4%	8,5 ETP	+13.3%	7,5 ETP	+15.4%	6,5 ETP	+30.0%	5,0 ETP	-10.7%	5,6 ETP	-20.0%	7,0 ETP	+2.9%	6,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

ACD-PROJECTS

Director · 0559.834.609

Represented by Dave Vantongerloo

Active

Ended mandates

ACD-PROJECTS

Director · since 05 janvier 2018 · 0559.834.609

Ended

ACD-PROJECTS

Manager · since 05 janvier 2018 · 0559.834.609

Ended

STEFAAN BROSENS Comm.V

Manager · since 05 janvier 2018 · 0684.862.659

Ended

STEFAAN BROSENS CommV

Director · since 05 janvier 2018 · 0684.862.659

Ended

At this address

Other companies at this address

Company	CBE no.
BROFLAM● Active	0564.927.604

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	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

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	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

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 10 ended

Active mandates

ACD-PROJECTS

Director · 0559.834.609

Represented by Dave Vantongerloo

Active

Ended mandates

ACD-PROJECTS

Director · since 05 janvier 2018 · 0559.834.609

Ended

ACD-PROJECTS

Manager · since 05 janvier 2018 · 0559.834.609

Ended

STEFAAN BROSENS Comm.V

Manager · since 05 janvier 2018 · 0684.862.659

Ended

STEFAAN BROSENS CommV

Director · since 05 janvier 2018 · 0684.862.659

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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

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 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

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

BROVAN

Overview

What does BROVAN do?

Trend over 20 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