ACTIVE

BRUSTART BY FINANCE&INVEST.BRUSSELS

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Financial year 2025 · Closed on 31/12/2025

Net result-417,2 k €+48,8 %over 1 year
Equity22,8 M €+3,2 %over 1 year
Workforce2,6 ETP-7,1 %over 1 year

Identity

Source · BCE/KBO

BRUSTART BY FINANCE&INVEST.BRUSSELS is a Public limited company incorporated in 1992. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 2,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0448.925.797
Incorporation
21/12/1992
Legal form
Public limited company
Registered office
Rue aux Laines 70
1000 Bruxelles · BruxellesSee on map
Contributed capital
19 100 000,00 €
Latest accounts
31/12/2025
Average workforce
2,6 ETP
Joint committees (2)
  • 200
  • 218
Signals
Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
EBITDA-494,6 k €-551,9 k €-559,3 k €-335,4 k €-355,9 k €
Operating result-494,6 k €-551,9 k €-559,3 k €-335,4 k €-355,9 k €
Net result-417,2 k €-815,2 k €-825,4 k €487,7 k €183,5 k €
Balance sheet
Equity22,8 M €22,1 M €22,8 M €24,3 M €23,6 M €
Total assets23,5 M €22,6 M €23,5 M €24,7 M €26,6 M €
Cash91 k €87,6 k €136,1 k €1,8 M €11,9 M €
Debts614,1 k €483,9 k €713,5 k €376,8 k €3,1 M €
Other
Workforce2,6 ETP2,8 ETP3,0 ETP2,3 ETP2,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 93 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Béatrice DE MAHIEU
Director22/01/2026 → 08/05/2029
000
Geoffrey LIVEMONT
Director24/09/2025 → 08/05/2029
Nicolas VAUTRIN
Director24/09/2025 → 08/05/2029
Najar LAHOUARI
Director12/12/2024 → 08/05/2029
Alain HEUREUX
Director19/09/2024 → 08/05/2029
Thierry GEERTS
Director19/09/2024 → 08/05/2029
0
Benoit DASSY
Director09/05/2023 → 08/05/2029
Franc BOGOVIC
Director09/05/2023 → 24/09/2025
00
Lionel SURMONT
Director09/05/2023 → 24/09/2025
00
Marie-Carmen BEX
Director09/05/2023 → 08/05/2029
0
Pierre HERMANT
Chairman of the board of directors09/05/2023 → 08/05/2029
0
Rodolphe d'UDEKEM d'ACOZ
Director09/05/2023 → 08/05/2029
00
Sandrine EVRARD
Director09/05/2023 → 08/05/2029
000
Stefan SONCK THIEBAUT
Director09/05/2023 → 24/09/2025

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Christian BOUCHAT
Director09/05/2023 → 12/12/2024
00
Christian BOUCHAT
Director09/05/2023 → 08/05/2029
00
Franc BOGOVIC
Director09/05/2023 → 08/05/2029
00
Jan DE BRABANTER
Director09/05/2023 → 19/09/2024

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/06/202630/06/202504/06/202427/06/202301/07/202206/07/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202211/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202612/06/2026FrenchPDF
Full model31/12/202413/05/202530/06/2025FrenchPDF
Full model31/12/202314/05/202404/06/2024FrenchPDF
Full model31/12/202209/05/202327/06/2023FrenchPDF
Full model31/12/202110/05/202201/07/2022FrenchPDF
Full model31/12/202011/05/202106/07/2021FrenchPDF
Full model31/12/201902/06/202025/06/2020FrenchPDF
Full model31/12/201821/05/201917/06/2019FrenchPDF
Full model31/12/201708/05/201803/07/2018FrenchPDF
Full model31/12/201609/05/201729/06/2017FrenchPDF
Full model31/12/201510/05/201629/06/2016FrenchPDF
Full model31/12/201412/05/201529/06/2015FrenchPDF
Full model31/12/201313/05/201430/06/2014FrenchPDF
Full model31/12/201214/05/201328/06/2013FrenchPDF
Full model31/12/201108/05/201220/06/2012FrenchPDF
Full model31/12/201010/05/201129/06/2011FrenchPDF
Full model31/12/200911/05/201010/06/2010FrenchPDF
Full model31/12/200812/05/200902/07/2009FrenchPDF
Full model31/12/200713/05/200801/07/2008FrenchPDF
Full model31/12/200608/05/200714/06/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 93 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Béatrice DE MAHIEU
Director22/01/2026 → 08/05/2029
000
Geoffrey LIVEMONT
Director24/09/2025 → 08/05/2029
Nicolas VAUTRIN
Director24/09/2025 → 08/05/2029
Najar LAHOUARI
Director12/12/2024 → 08/05/2029
Alain HEUREUX
Director19/09/2024 → 08/05/2029
Thierry GEERTS
Director19/09/2024 → 08/05/2029
0
Benoit DASSY
Director09/05/2023 → 08/05/2029
Franc BOGOVIC
Director09/05/2023 → 24/09/2025
00
Lionel SURMONT
Director09/05/2023 → 24/09/2025
00
Marie-Carmen BEX
Director09/05/2023 → 08/05/2029
0
Pierre HERMANT
Chairman of the board of directors09/05/2023 → 08/05/2029
0
Rodolphe d'UDEKEM d'ACOZ
Director09/05/2023 → 08/05/2029
00
Sandrine EVRARD
Director09/05/2023 → 08/05/2029
000
Stefan SONCK THIEBAUT
Director09/05/2023 → 24/09/2025

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Christian BOUCHAT
Director09/05/2023 → 12/12/2024
00
Christian BOUCHAT
Director09/05/2023 → 08/05/2029
00
Franc BOGOVIC
Director09/05/2023 → 08/05/2029
00
Jan DE BRABANTER
Director09/05/2023 → 19/09/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/09/2026
    Nominations et démissions d'administrateurs - renouvellement du
    PDF
  • Mandates23/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/08/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-417,2 k €↑
  2. 2024
    Annual accounts 2024-815,2 k €↑
  3. 2023
    Annual accounts 2023-825,4 k €↓
  4. 2022
    Annual accounts 2022487,7 k €↑
  5. 2021
    Annual accounts 2021183,5 k €↑
  6. 2021
    Name changeBRUSTART BY FINANCE&INVEST.BRUSSELS
  7. 2020
    Annual accounts 2020-844,3 k €↓
  8. 2019
    Annual accounts 2019-694 k €↑
  9. 2018
    Annual accounts 2018-771,1 k €↓
  10. 2017
    Annual accounts 2017-581,4 €↓
  11. 2016
    Annual accounts 20163,5 M €↑
  12. 2015
    Annual accounts 2015561 k €↓
  13. 2014
    Annual accounts 2014830,8 k €↑
  14. 2013
    Annual accounts 2013-165 k €↑
  15. 2012
    Annual accounts 2012-724,3 k €↓
  16. 2011
    Annual accounts 2011-186,9 k €↓
  17. 2010
    Annual accounts 2010-28,6 k €↑
  18. 2009
    Annual accounts 2009-165,3 k €↑
  19. 2008
    Annual accounts 2008-251,4 k €↓
  20. 2007
    Annual accounts 2007-163,9 k €↓
  21. 2006
    Annual accounts 2006113 k €
  22. 21/12/1992
    IncorporationPublic limited company

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
BRUSTART BY FINANCE&INVEST.BRUSSELSCurrent
accounts 2021 → 2025 · CBE, tracked since 27/09/2026
Accounts 2025 · 2026-00168850
BRUSTART
accounts 2006 → 2020
Accounts 2020 · 2021-34300092

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.