ACTIVE

BRICON

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Financial year 2025 · closed on 31/12/2025

Net result

134,6 k €

-34.6% YoY

Gross margin

929,1 k €

+10.4% YoY

Equity

1,3 M €

+11.6% YoY

Workforce

5,9 ETP

+3.5% YoY

What does BRICON do?

BRICON is a Public limited company incorporated in 1989. Its main activity is: Manufacture of communication equipment. Its registered office is in Sint-Niklaas. It employs on average 5,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.974.004

Incorporation

12/07/1989

Legal form

Public limited company

Registered office

Europark-Oost 15 box C
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

5,9 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 31621Manufacture of furniture 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51872Air transport+6

Joint committees (3)

14904
200
218

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	929,1 k €	+10.4%	841,7 k €	+17.3%	717,7 k €	+13.2%	633,9 k €	+9.5%	579,1 k €	+20.7%	479,9 k €	+32.2%	363,1 k €	+27.1%	285,8 k €	+12.6%	253,8 k €	-7.7%	275,2 k €	+3.7%	265,3 k €	+0.1%	265 k €	+29.2%	205 k €	-37.3%	327,1 k €	-9.8%	362,5 k €	+24.6%	290,9 k €	-28.6%	407,2 k €	-9.9%	452 k €	-8.9%	496,2 k €	-3.6%	514,6 k €
EBITDA	524,7 k €	+6.1%	494,3 k €	+40.2%	352,5 k €	+25.3%	281,4 k €	+2.0%	275,9 k €	+28.0%	215,6 k €	+24.5%	173,2 k €	+11.0%	156,1 k €	+15.8%	134,8 k €	-10.9%	151,4 k €	+11.8%	135,4 k €	+49.2%	90,7 k €	+130%	39,4 k €	-73.4%	148,4 k €	-5.8%	157,5 k €	+82.2%	86,4 k €	-58.3%	207,1 k €	-22.0%	265,3 k €	-20.9%	335,4 k €	-10.8%	375,9 k €
Operating result	232,8 k €	+0.4%	231,8 k €	+106%	112,6 k €	+45.2%	77,6 k €	-34.4%	118,2 k €	-4.0%	123,1 k €	+19.8%	102,8 k €	+23.0%	83,6 k €	-8.9%	91,7 k €	-17.2%	110,8 k €	+14.2%	97 k €	+150%	38,9 k €	+1153%	3,1 k €	-96.9%	99,4 k €	-7.7%	107,7 k €	+171%	39,7 k €	-69.1%	128,6 k €	-25.1%	171,7 k €	-11.5%	194,1 k €	+8.8%	178,4 k €
Net result	134,6 k €	-34.6%	205,7 k €	+147%	83,4 k €	+15.4%	72,3 k €	-32.4%	107 k €	+11.7%	95,7 k €	+34.2%	71,3 k €	+20.3%	59,3 k €	+39.3%	42,6 k €	-31.2%	61,9 k €	+31.2%	47,2 k €	+109%	22,6 k €	+403%	4,5 k €	-91.6%	53,5 k €	+10.1%	48,6 k €	+332%	11,3 k €	-84.5%	72,8 k €	+71.5%	42,4 k €	-63.3%	115,6 k €	+23.9%	93,3 k €
Balance sheet
Equity	1,3 M €	+11.6%	1,2 M €	-11.7%	1,3 M €	+6.7%	1,2 M €	+6.2%	1,2 M €	+10.1%	1,1 M €	+10.0%	961,7 k €	+8.0%	890,4 k €	+7.1%	831,1 k €	+5.4%	788,6 k €	+8.5%	726,7 k €	+6.9%	679,5 k €	+3.4%	657 k €	+0.7%	652,5 k €	+2.1%	638,9 k €	+1.4%	630,3 k €	+1.8%	619,1 k €	+13.3%	546,3 k €	+8.4%	503,8 k €	+29.8%	388,2 k €
Total assets	3,1 M €	-0.1%	3,1 M €	-16.6%	3,8 M €	+13.4%	3,3 M €	+10.7%	3 M €	+23.1%	2,4 M €	+0.4%	2,4 M €	+0.0%	2,4 M €	+26.0%	1,9 M €	+8.4%	1,8 M €	-13.2%	2 M €	-3.1%	2,1 M €	+2.5%	2,1 M €	+5.2%	2 M €	-14.0%	2,3 M €	-0.6%	2,3 M €	+18.1%	1,9 M €	-6.9%	2,1 M €	+0.2%	2,1 M €	+23.0%	1,7 M €
Cash	73,8 k €	-44.2%	132,1 k €	+115%	61,4 k €	-21.8%	78,5 k €	-19.3%	97,2 k €	-53.4%	208,6 k €	+162%	79,7 k €	+40.1%	56,9 k €	-70.0%	189,7 k €		–		35,8 k €	-38.0%	57,8 k €	-29.5%	82 k €	+147%	33,2 k €	+16.3%	28,6 k €	-24.9%	38,1 k €	+54.4%	24,6 k €	-77.7%	110,5 k €	+1105%	9,2 k €	-61.7%	24 k €
Debts	1,8 M €	-8.5%	2 M €	-19.3%	2,4 M €	+18.1%	2,1 M €	+13.0%	1,8 M €	+33.1%	1,4 M €	-5.9%	1,5 M €	-4.5%	1,5 M €	+40.2%	1,1 M €	+12.5%	971,2 k €	-25.9%	1,3 M €	-7.9%	1,4 M €	+2.0%	1,4 M €	+7.6%	1,3 M €	-20.2%	1,6 M €	-1.3%	1,6 M €	+25.9%	1,3 M €	-14.2%	1,5 M €	-2.7%	1,6 M €	+21.1%	1,3 M €
Other
Workforce	5,9 ETP	+3.5%	5,7 ETP	-6.6%	6,1 ETP	-14.1%	7,1 ETP	+12.7%	6,3 ETP	+12.5%	5,6 ETP	+40.0%	4,0 ETP	+29.0%	3,1 ETP	+3.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-40.0%	5,0 ETP	+19.0%	4,2 ETP	+13.5%	3,7 ETP	-9.8%	4,1 ETP	0.0%	4,1 ETP	0.0%	4,1 ETP	+2.5%	4,0 ETP	+25.0%	3,2 ETP	+6.7%	3,0 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 · 2 active · 16 ended

Active mandates

Olga AFONINA

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

THE BRICON LOFT

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0836.632.225

Represented by Ivan Baetens

Active

Ended mandates

THE BRICON LOFT

Managing director · since 19 décembre 2023 · until 19 décembre 2029 · 0836.632.225

Represented by Ivan BAETENS

Ended

Olga Afonina

Director · since 01 avril 2021 · until 01 avril 2026

Ended

Olga Afonina

Director · since 01 avril 2021 · until 01 avril 2027

Ended

Willy Baetens

Director · since 01 octobre 2019 · until 01 octobre 2025

Ended

At this address

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GGW● Active	0781.408.640
GSA INFRA● Active	0812.140.418
REMBRI● Active	0896.285.740
REMELCO● Active	0475.523.791
THE BRICON LOFT● Active	0836.632.225
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VCCAV● Active	1011.372.775

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	30/07/2026	31/07/2025	30/07/2024	12/10/2023	27/10/2022	30/09/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	03/09/2021
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
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	12/10/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	27/10/2022	Dutch	PDF
Abridged model	31/12/2020	03/09/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	26/10/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	01/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	15/07/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	19/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	24/07/2007	Dutch	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 · 2 active · 16 ended

Active mandates

Olga AFONINA

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

THE BRICON LOFT

Director · since 19 décembre 2023 · until 19 décembre 2029 · 0836.632.225

Represented by Ivan Baetens

Active

Ended mandates

THE BRICON LOFT

Managing director · since 19 décembre 2023 · until 19 décembre 2029 · 0836.632.225

Represented by Ivan BAETENS

Ended

Olga Afonina

Director · since 01 avril 2021 · until 01 avril 2026

Ended

Olga Afonina

Director · since 01 avril 2021 · until 01 avril 2027

Ended

Willy Baetens

Director · since 01 octobre 2019 · until 01 octobre 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/02/2024
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other02/03/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/02/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2006
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/08/2005
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 2025134,6 k €↓
2024
Annual accounts 2024205,7 k €↑
2023
Annual accounts 202383,4 k €↑
2022
Annual accounts 202272,3 k €↓
2021
Annual accounts 2021107 k €↑
2020
Annual accounts 202095,7 k €↑
2019
Annual accounts 201971,3 k €↑
2018
Annual accounts 201859,3 k €↑
2017
Annual accounts 201742,6 k €↓
2016
Annual accounts 201661,9 k €↑
2015
Annual accounts 201547,2 k €↑
2014
Annual accounts 201422,6 k €↑
2013
Annual accounts 20134,5 k €↓
2012
Annual accounts 201253,5 k €↑
2011
Annual accounts 201148,6 k €↑
2010
Annual accounts 201011,3 k €↓
2009
Annual accounts 200972,8 k €↑
2008
Annual accounts 200842,4 k €↓
2007
Annual accounts 2007115,6 k €↑
2006
Annual accounts 200693,3 k €
12/07/1989
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

BRICON

Overview

What does BRICON 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