Brulocalis
0451.516.390 · rovalta.com · 23/09/2026
ACTIVE
Brulocalis
Financial year 2025 · closed on 31/12/2025
Net result
94,3 k €
-29.5% YoY
Gross margin
3,9 M €
+7.1% YoY
Equity
6,5 M €
+1.5% YoY
Workforce
38,4 ETP
+11.3% YoY
Overview
What does Brulocalis do?
Brulocalis is a Non-profit organization incorporated in 1993. Its main activity is: Market research and public opinion polling. Its registered office is in Bruxelles. It employs on average 38,4 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0451.516.390
Incorporation
29/10/1993
Legal form
Non-profit organization
Registered office
Rue Royale 168
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
38,4 ETP
Activities (NACE)
Joint committees (1)
- 337
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 3,9 M € | +7.1% | 3,6 M € | +4.8% | 3,5 M € | -49.7% | 6,9 M € | +107% | 3,3 M € | +6.5% | 3,1 M € | -5.4% | 3,3 M € | +10.0% | 3 M € | +5.4% | 2,8 M € | -6.5% | 3 M € | +8.1% | 2,8 M € | -6.1% | 3 M € | +15.6% | 2,6 M € | +8.1% | 2,4 M € | +7.3% | 2,2 M € | +13.5% | 2 M € | +1.7% | 1,9 M € |
| EBITDA | 224,4 k € | -20.1% | 281 k € | +84.8% | 152 k € | -95.8% | 3,6 M € | +508% | 593,1 k € | +47.3% | 402,8 k € | -20.8% | 508,4 k € | +44.3% | 352,4 k € | +20.9% | 291,5 k € | -40.6% | 491,1 k € | +88.6% | 260,4 k € | -58.0% | 620,3 k € | +112% | 292,7 k € | +14.0% | 256,8 k € | -16.7% | 308,1 k € | +63.6% | 188,4 k € | +5.9% | 177,9 k € |
| Operating result | 111,5 k € | -24.7% | 148,1 k € | +598% | 21,2 k € | -99.3% | 3,1 M € | +499% | 510,7 k € | +58.0% | 323,2 k € | -24.1% | 425,8 k € | +67.8% | 253,7 k € | +46.2% | 173,5 k € | -53.9% | 376,5 k € | +138% | 158,5 k € | -70.2% | 531,4 k € | +167% | 199 k € | +19.7% | 166,3 k € | -24.3% | 219,7 k € | +108% | 105,8 k € | +37.1% | 77,2 k € |
| Net result | 94,3 k € | -29.5% | 133,8 k € | +573% | 19,9 k € | -99.3% | 3 M € | +547% | 466,1 k € | +78.5% | 261,2 k € | -32.7% | 387,9 k € | +97.8% | 196,1 k € | +73.3% | 113,1 k € | -63.6% | 311,1 k € | +240% | 91,5 k € | -80.3% | 464,4 k € | +267% | 126,4 k € | +30.9% | 96,6 k € | -32.8% | 143,8 k € | +525% | 23 k € | +396% | -7,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 6,5 M € | +1.5% | 6,4 M € | +2.1% | 6,3 M € | +0.3% | 6,3 M € | +92.3% | 3,3 M € | +16.6% | 2,8 M € | +10.3% | 2,5 M € | +18.0% | 2,2 M € | +10.0% | 2 M € | +6.1% | 1,8 M € | +20.3% | 1,5 M € | +6.3% | 1,4 M € | +47.5% | 976,8 k € | +14.9% | 850,4 k € | +12.8% | 753,8 k € | +23.6% | 610 k € | +3.9% | 587 k € |
| Total assets | 11,8 M € | +5.4% | 11,2 M € | +19.9% | 9,3 M € | -0.1% | 9,3 M € | +16.0% | 8 M € | +11.1% | 7,2 M € | -8.9% | 8 M € | -7.2% | 8,6 M € | -17.5% | 10,4 M € | +112% | 4,9 M € | -19.2% | 6,1 M € | +28.2% | 4,7 M € | +22.3% | 3,9 M € | -2.5% | 4 M € | +4.4% | 3,8 M € | +21.6% | 3,1 M € | +4.0% | 3 M € |
| Cash | 5,1 M € | -20.2% | 6,4 M € | +34.4% | 4,7 M € | +19.1% | 4 M € | -0.9% | 4 M € | +10.1% | 3,7 M € | +32.8% | 2,8 M € | +27.1% | 2,2 M € | -3.3% | 2,2 M € | +21.3% | 1,8 M € | +64.5% | 1,1 M € | -14.3% | 1,3 M € | -27.6% | 1,8 M € | +5.6% | 1,7 M € | +0.1% | 1,7 M € | +93.1% | 886,9 k € | +72.6% | 513,8 k € |
| Debts | 5 M € | +10.3% | 4,6 M € | +58.8% | 2,9 M € | +1.4% | 2,8 M € | -35.4% | 4,4 M € | +22.0% | 3,6 M € | -17.2% | 4,3 M € | -16.7% | 5,2 M € | -25.2% | 7 M € | +133% | 3 M € | -33.1% | 4,5 M € | +40.4% | 3,2 M € | +11.9% | 2,8 M € | -7.2% | 3,1 M € | +5.4% | 2,9 M € | +17.8% | 2,5 M € | +4.1% | 2,4 M € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 38,4 ETP | +11.3% | 34,5 ETP | 0.0% | 34,5 ETP | +0.3% | 34,4 ETP | +8.2% | 31,8 ETP | +12.4% | 28,3 ETP | -9.3% | 31,2 ETP | -2.8% | 32,1 ETP | +7.7% | 29,8 ETP | -2.3% | 30,5 ETP | +3.4% | 29,5 ETP | +11.3% | 26,5 ETP | 0.0% | 26,5 ETP | +4.7% | 25,3 ETP | +0.8% | 25,1 ETP | +2.0% | 24,6 ETP | -0.4% | 24,7 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 40 active · 291 ended
Active mandates
Alain MUGABO
ActiveAnton SCHURMANS
ActiveAudrey HENRY
ActiveBenjamin DEVOS
ActiveBenoit CEREXHE
ActiveBieke COMER
ActiveCarla DEJONGHE
ActiveCatherine MORENVILLE
ActiveCatherine MOUREAUX
ActiveCharles SPAPENS
ActiveChristian LAMOULINE
ActiveChristine VERSTEGEN
ActiveClaire VANDEVIVERE
ActiveEmir KIR
ActiveEmre SUMLU
ActiveFabrice CUMPS
ActiveGauthier CALOMNE
ActiveGeoffroy KENSIER
ActiveHang NGUYEN
ActiveHatim EL ASRI
ActiveJean SPINETTE
ActiveJennifer GESQUIERE
ActiveLoes SALOMEZ
ActiveLoic FRAITURE
ActiveLuca D'AGRO
ActiveMarc LOEWENSTEIN
ActiveMartine MAELSCHALCK
ActiveMohamed ARABI
ActiveOlivia P'TITO
ActiveOlivier MAIGAIN
ActivePerrine LEDAN
ActivePhilippe CLOSE
ActiveRomain DE REUSME
ActiveSébastien LEPOIVRE
ActiveSophie DE VOS
ActiveTanguy VERHEYEN
ActiveValentine DELWART
ActiveVéronique LEVIEUX
ActiveVincent DE WOLF
ActiveCorinne FRANCOIS
ActiveEnded mandates
Bieke COMER
EndedCarla DEJONGHE
EndedCharles SPAPENS
EndedMartine MAELSCHALCK
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
INFORUM● Active | 0472.721.679 |
| 0406.674.577 |
Financials
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 | 10/07/2026 | 16/07/2025 | 23/07/2024 | 19/07/2023 | 06/07/2022 | 30/07/2021 |
| General meeting | 17/06/2026 | 18/06/2025 | 26/06/2024 | 21/06/2023 | 22/06/2022 | 23/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
18 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 17/06/2026 | 10/07/2026 | French | |
| Abridged model | 31/12/2024 | 18/06/2025 | 16/07/2025 | French | |
| Abridged model | 31/12/2023 | 26/06/2024 | 23/07/2024 | French | |
| Abridged model | 31/12/2022 | 21/06/2023 | 19/07/2023 | French | |
| Abridged model | 31/12/2021 | 22/06/2022 | 06/07/2022 | French | |
| Abridged model | 31/12/2020 | 23/06/2021 | 30/07/2021 | French | |
| Abridged model | 31/12/2019 | 17/06/2020 | 31/07/2020 | French | |
| Abridged model | 31/12/2018 | 12/06/2019 | 12/07/2019 | French | |
| Abridged model | 31/12/2017 | 20/06/2018 | 01/08/2018 | French | |
| Abridged model | 31/12/2016 | 21/06/2017 | 18/07/2017 | French | |
| Abridged model | 31/12/2015 | 25/05/2016 | 29/07/2016 | French | |
| Abridged model | 31/12/2014 | 17/06/2015 | 21/08/2015 | French | |
| Abridged model | 31/12/2013 | 25/06/2014 | 08/12/2014 | French | |
| Abridged model | 31/12/2012 | 11/06/2013 | 08/12/2014 | French | |
| Abridged model | 31/12/2011 | 20/06/2012 | 21/03/2013 | French | |
| Abridged model | 31/12/2010 | 15/06/2011 | 04/08/2011 | French | |
| Abridged model | 31/12/2009 | 16/06/2010 | 31/08/2010 | French | |
| Abridged model | 31/12/2008 | 17/06/2009 | 10/12/2009 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 40 active · 291 ended
Active mandates
Alain MUGABO
ActiveAnton SCHURMANS
ActiveAudrey HENRY
ActiveBenjamin DEVOS
ActiveBenoit CEREXHE
ActiveBieke COMER
ActiveCarla DEJONGHE
ActiveCatherine MORENVILLE
ActiveCatherine MOUREAUX
ActiveCharles SPAPENS
ActiveChristian LAMOULINE
ActiveChristine VERSTEGEN
ActiveClaire VANDEVIVERE
ActiveEmir KIR
ActiveEmre SUMLU
ActiveFabrice CUMPS
ActiveGauthier CALOMNE
ActiveGeoffroy KENSIER
ActiveHang NGUYEN
ActiveHatim EL ASRI
ActiveJean SPINETTE
ActiveJennifer GESQUIERE
ActiveLoes SALOMEZ
ActiveLoic FRAITURE
ActiveLuca D'AGRO
ActiveMarc LOEWENSTEIN
ActiveMartine MAELSCHALCK
ActiveMohamed ARABI
ActiveOlivia P'TITO
ActiveOlivier MAIGAIN
ActivePerrine LEDAN
ActivePhilippe CLOSE
ActiveRomain DE REUSME
ActiveSébastien LEPOIVRE
ActiveSophie DE VOS
ActiveTanguy VERHEYEN
ActiveValentine DELWART
ActiveVéronique LEVIEUX
ActiveVincent DE WOLF
ActiveCorinne FRANCOIS
ActiveEnded mandates
Bieke COMER
EndedCarla DEJONGHE
EndedCharles SPAPENS
EndedMartine MAELSCHALCK
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/07/2026ONTSLAGEN - BENOEMINGEN
- Mandates17/07/2026DEMISSIONS, NOMINATIONS
- Mandates31/10/2025DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates28/05/2025DEMISSIONS, NOMINATIONS
- Mandates01/04/2025DEMISSIONS, NOMINATIONS
- Mandates23/07/2024DEMISSIONS, NOMINATIONS
- Mandates24/08/2023DEMISSIONS, NOMINATIONS
- Mandates28/02/2023DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202594,3 k €↓
- 2024Annual accounts 2024133,8 k €↑
- 2023Annual accounts 202319,9 k €↓
- 2023Name changeBRULOCALIS
- 2022Annual accounts 20223 M €↑
- 2021Annual accounts 2021466,1 k €↑
- 2021Name changeAssociation de la Ville et des Communes de la Région de Bruxelles-Capitale
- 2020Annual accounts 2020261,2 k €↓
- 2019Annual accounts 2019387,9 k €↑
- 2018Annual accounts 2018196,1 k €↑
- 2017Annual accounts 2017113,1 k €↓
- 2016Annual accounts 2016311,1 k €↑
- 2015Annual accounts 201591,5 k €↓
- 2014Annual accounts 2014464,4 k €↑
- 2013Annual accounts 2013126,4 k €↑
- 2012Annual accounts 201296,6 k €↓
- 2011Annual accounts 2011143,8 k €↑
- 2010Annual accounts 201023 k €↑
- 2009Annual accounts 2009-7,8 k €
- 2009Name changeVereniging van de Stad en de Gemeenten van het Brusselse Hoofdstedelijk Gewest - Association de la Ville et des Communes de la REgion de Bruxelles-Capitale
- 29/10/1993IncorporationNon-profit organization