ACTIVE

BRN

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Financial year 2025 · closed on 31/12/2025

Net result

433,1 k €

-42.7% YoY

Gross margin

1,6 M €

-18.0% YoY

Equity

2 M €

+19.7% YoY

Workforce

9,6 ETP

+1.1% YoY

What does BRN do?

BRN is a Public limited company incorporated in 1996. Its registered office is in Aalst. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.031.732

Incorporation

18/01/1996

Legal form

Public limited company

Registered office

Bergemeersenstraat 118
9300 Aalst · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Joint committees (1)

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	1,6 M €	-18.0%	1,9 M €	+2.5%	1,9 M €	+18.3%	1,6 M €	+16.4%	1,4 M €	-12.6%	1,5 M €	+3.9%	1,5 M €	-1.7%	1,5 M €	+20.6%	1,3 M €	-2.6%	1,3 M €	+27.6%	1 M €	+1.3%	996,4 k €	+2.5%	972 k €	+67.8%	579,2 k €	-34.9%	889,8 k €	-16.6%	1,1 M €	+0.5%	1,1 M €	+6.9%	992,6 k €	-12.0%	1,1 M €	+14.1%	988 k €
EBITDA	676,4 k €	-32.4%	1 M €	-3.5%	1 M €	+23.7%	837,8 k €	+31.0%	639,4 k €	-27.6%	883,1 k €	+2.2%	864,2 k €	-5.7%	916,3 k €	+34.4%	681,7 k €	-7.3%	735,5 k €	+45.0%	507,1 k €	-6.7%	543,4 k €	-2.9%	559,7 k €	+224%	172,8 k €	-63.6%	474,4 k €	-31.8%	695,7 k €	-2.1%	710,4 k €	+7.4%	661,6 k €	-12.8%	759,2 k €	+8.3%	701,3 k €
Operating result	552,9 k €	-40.8%	934,2 k €	-6.2%	995,5 k €	+25.6%	792,9 k €	+34.8%	588 k €	-28.9%	827,3 k €	+4.7%	790,2 k €	-5.7%	838,3 k €	+40.3%	597,7 k €	-5.2%	630,5 k €	+41.8%	444,7 k €	-9.6%	491,9 k €	-1.8%	500,8 k €	+343%	113,2 k €	-71.6%	398,7 k €	-34.6%	609,4 k €	+0.3%	607,6 k €	+11.5%	544,9 k €	-15.0%	641,4 k €	+8.0%	594,1 k €
Net result	433,1 k €	-42.7%	756,2 k €	-5.7%	801,9 k €	+29.0%	621,8 k €	+47.9%	420,4 k €	-31.0%	609,3 k €	+9.5%	556,2 k €	-2.0%	567,4 k €	+41.7%	400,6 k €	+5.0%	381,6 k €	+28.9%	296,1 k €	-8.8%	324,7 k €	-0.0%	324,8 k €	+315%	78,4 k €	-71.8%	277,7 k €	-34.2%	421,7 k €	-4.0%	439,1 k €	+13.6%	386,6 k €	-11.4%	436,6 k €	+5.1%	415,5 k €
Balance sheet
Equity	2 M €	+19.7%	1,7 M €	+5.7%	1,6 M €	+48.0%	1,1 M €	+39.5%	775,9 k €	-42.8%	1,4 M €	+11.5%	1,2 M €	+9.6%	1,1 M €	+1.6%	1,1 M €	+38.0%	791,6 k €	+19.9%	660 k €	+7.5%	613,9 k €	+13.8%	539,2 k €	+151%	214,4 k €	+57.6%	136,1 k €	-91.3%	1,6 M €	+4.8%	1,5 M €	+6.4%	1,4 M €	-7.5%	1,5 M €	+6.7%	1,4 M €
Total assets	4,1 M €	+14.9%	3,5 M €	-40.0%	5,9 M €	+25.8%	4,7 M €	-10.5%	5,2 M €	-23.2%	6,8 M €	+12.6%	6 M €	+4.3%	5,8 M €	+32.5%	4,4 M €	-22.7%	5,7 M €	+110%	2,7 M €	-9.5%	3 M €	+3.9%	2,9 M €	-9.7%	3,2 M €	+7.0%	3 M €	+0.3%	3 M €	+8.5%	2,7 M €	-10.5%	3,1 M €	+22.6%	2,5 M €	+3.6%	2,4 M €
Cash	604,1 k €	-52.2%	1,3 M €	-27.7%	1,7 M €	-34.7%	2,7 M €	+6.0%	2,5 M €	-34.6%	3,9 M €	+33.4%	2,9 M €	+16.5%	2,5 M €	+29.6%	1,9 M €	-1.8%	1,9 M €	+137%	823,2 k €	+3.4%	796,1 k €	+167%	298,4 k €	-70.4%	1 M €	+58.5%	636,1 k €	-52.6%	1,3 M €	+94.9%	688,4 k €	+33.8%	514,3 k €	+16.1%	443,1 k €	+49.6%	296,2 k €
Debts	1,9 M €	+8.1%	1,8 M €	-52.5%	3,7 M €	+13.8%	3,3 M €	-22.5%	4,2 M €	-21.0%	5,3 M €	+15.2%	4,6 M €	+1.5%	4,6 M €	+47.0%	3,1 M €	-35.2%	4,8 M €	+135%	2 M €	-13.9%	2,4 M €	+1.7%	2,3 M €	-21.3%	3 M €	+4.5%	2,8 M €	+102%	1,4 M €	+12.8%	1,2 M €	-24.8%	1,7 M €	+69.0%	978,4 k €	-0.8%	986,7 k €
Other
Workforce	9,6 ETP	+1.1%	9,5 ETP	-2.1%	9,7 ETP	+1.0%	9,6 ETP	0.0%	9,6 ETP	+4.3%	9,2 ETP	+2.2%	9,0 ETP	-2.2%	9,2 ETP	+2.2%	9,0 ETP	+8.4%	8,3 ETP	-2.4%	8,5 ETP	0.0%	8,5 ETP	+18.1%	7,2 ETP	-6.5%	7,7 ETP	+1.3%	7,6 ETP	+11.8%	6,8 ETP	+7.9%	6,3 ETP	-6.0%	6,7 ETP	-14.1%	7,8 ETP	+18.2%	6,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

ATV ENGINEERING

Director · since 02 mai 2019 · until 02 mai 2025 · 0894.919.624

Represented by Tom Vandyck

Active

BES

Managing director · since 02 mai 2019 · until 02 mai 2025 · 0468.737.058

Represented by Maarten Boghaert

Active

Ended mandates

ATV ENGINEERING

Director · since 02 mai 2013 · until 02 mai 2018 · 0894.919.624

Represented by Tom Vandyck

Ended

ATV ENGINEERING

Director · since 02 mai 2013 · until 02 mai 2018 · 0894.919.624

Represented by Tom Vandyck

Ended

BES

Managing director · since 02 mai 2013 · until 02 mai 2018 · 0468.737.058

Represented by Maarten Boghaert

Ended

BES

Managing director · since 02 mai 2013 · until 02 mai 2018 · 0468.737.058

Represented by Maarten Boghaert

Ended

At this address

Other companies at this address

Company	CBE no.
MRG● Active	0765.423.733
PROFILITY● Active	0534.390.321

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	31/08/2026	29/08/2025	29/08/2024	30/08/2023	29/09/2022	12/08/2021
General meeting	31/08/2026	02/05/2025	23/08/2024	30/06/2023	27/09/2022	03/05/2021
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	31/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	02/05/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	23/08/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/09/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	12/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	22/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	18/05/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	16/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/09/2008	23/09/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	01/06/2007	Dutch	PDF

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.

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 · 11 ended

Active mandates

ATV ENGINEERING

Director · since 02 mai 2019 · until 02 mai 2025 · 0894.919.624

Represented by Tom Vandyck

Active

BES

Managing director · since 02 mai 2019 · until 02 mai 2025 · 0468.737.058

Represented by Maarten Boghaert

Active

Ended mandates

ATV ENGINEERING

Director · since 02 mai 2013 · until 02 mai 2018 · 0894.919.624

Represented by Tom Vandyck

Ended

ATV ENGINEERING

Director · since 02 mai 2013 · until 02 mai 2018 · 0894.919.624

Represented by Tom Vandyck

Ended

BES

Managing director · since 02 mai 2013 · until 02 mai 2018 · 0468.737.058

Represented by Maarten Boghaert

Ended

BES

Managing director · since 02 mai 2013 · until 02 mai 2018 · 0468.737.058

Represented by Maarten Boghaert

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/02/2005
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/12/2003
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 2025433,1 k €↓
2024
Annual accounts 2024756,2 k €↓
2023
Annual accounts 2023801,9 k €↑
2023
Name changeBRN
2022
Annual accounts 2022621,8 k €↑
2021
Annual accounts 2021420,4 k €↓
2021
Name changeB.R.N.
2020
Annual accounts 2020609,3 k €↑
2019
Annual accounts 2019556,2 k €↓
2018
Annual accounts 2018567,4 k €↑
2017
Annual accounts 2017400,6 k €↑
2016
Annual accounts 2016381,6 k €↑
2015
Annual accounts 2015296,1 k €↓
2014
Annual accounts 2014324,7 k €↓
2013
Annual accounts 2013324,8 k €↑
2012
Annual accounts 201278,4 k €↓
2011
Annual accounts 2011277,7 k €↓
2010
Annual accounts 2010421,7 k €↓
2009
Annual accounts 2009439,1 k €↑
2008
Annual accounts 2008386,6 k €↓
2007
Annual accounts 2007436,6 k €↑
2006
Annual accounts 2006415,5 k €
18/01/1996
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

BRN

Overview

What does BRN 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