ACTIVE

BRUSERVICES

Financial year 2025 · Closed on 31/12/2025

Net result666,6 k €+322,4 %over 1 year

Equity-1,5 M €+30,2 %over 1 year

Identity

Source · BCE/KBO

BRUSERVICES is a Public limited company incorporated in 1997. Its main activity is: Wired telecommunications activities. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0459.538.488
Incorporation: 07/01/1997
Legal form: Public limited company
Registered office: Rue aux Laines 70
1000 Bruxelles · BruxellesSee on map
Contributed capital: 9 933 081,51 €
Latest accounts: 31/12/2025

Activities (NACE)

61100Wired telecommunications activities· main 61200Wireless telecommunications activities 64200Activities of holding companies

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	–		6,7 k €	-94.0%	111 k €	-82.2%	624,8 k €	-29.8%	889,4 k €
EBITDA	666,8 k €	+472%	-179,1 k €	-109%	2,1 M €	+1057%	178,1 k €	+9.2%	163 k €
Operating result	666,8 k €	+472%	-179,1 k €	-109%	2,1 M €	+9806%	20,8 k €	+86392%	24,1 €
Net result	666,6 k €	+322%	-299,8 k €	-117%	1,8 M €	+1243%	-158,8 k €	+14.7%	-186 k €
Balance sheet
Equity	-1,5 M €	+30.2%	-2,2 M €	-15.7%	-1,9 M €	+48.8%	-3,7 M €	-4.5%	-3,6 M €
Total assets	573 k €	+11.5%	514 k €	-11.5%	581 k €	-80.1%	2,9 M €	+3.1%	2,8 M €
Cash	60 k €	+2542%	2,3 k €	-94.8%	43,7 k €	-92.3%	566,8 k €	-3.0%	584,1 k €
Debts	2,1 M €	-18.7%	2,6 M €	+4.5%	2,5 M €	-62.5%	6,6 M €	+4.3%	6,4 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
finance&invest.brussels0426.936.986Represented by Denis Timmermans	Managing director11/07/2017 → 13/05/2031Chairman of the board of directors30/06/2008 → 2017 accountsended
Pierre HERMANT	Chairman of the board of directors22/06/2020 → 12/05/2026Managing director22/06/2020 → 2020 accountsendedDirector10/09/2018 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne-Jean NOEL	Director22/06/2020 → 2020 accounts
Franc BOGOVIC	Director22/06/2020 → 2024 accounts
B2E SA0879.845.923Represented by Jean-Luc VANRAES	Director11/07/2017 → 2019 accounts
BRUSTART BY FINANCE&INVEST.BRUSSELS0448.925.797Represented by Etienne jean NOEL	Director11/07/2017 → 22/06/2020

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/06/2026	30/06/2025	04/06/2024	26/06/2023	01/07/2022	08/07/2021
General meeting	25/06/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	30/06/2026	French	PDF
Full model	31/12/2024	13/05/2025	30/06/2025	French	PDF
Full model	31/12/2023	14/05/2024	04/06/2024	French	PDF
Full model	31/12/2022	09/05/2023	26/06/2023	French	PDF
Full model	31/12/2021	10/05/2022	01/07/2022	French	PDF
Full model	31/12/2020	11/05/2021	08/07/2021	French	PDF
Full model	31/12/2019	30/06/2020	02/07/2020	French	PDF
Full model	31/12/2018	16/05/2019	17/06/2019	French	PDF
Full model	31/12/2017	27/06/2018	29/06/2018	French	PDF
Full model	31/12/2016	11/07/2017	27/07/2017	French	PDF
Full model	31/12/2015	30/08/2016	31/08/2016	French	PDF
Full model	31/12/2014	26/03/2015	30/11/2015	French	PDF
Full model	31/12/2013	27/03/2014	30/06/2014	French	PDF
Full model	31/12/2012	28/03/2013	28/06/2013	French	PDF
Full model	31/12/2011	22/03/2012	31/05/2012	French	PDF
Full model	31/12/2010	29/06/2011	28/07/2011	French	PDF
Full model	31/12/2009	25/03/2010	15/06/2010	French	PDF
Full model	31/12/2008	26/03/2009	29/04/2009	French	PDF
Full model	31/12/2007	07/04/2008	14/07/2008	French	PDF
Full model	31/12/2006	19/07/2007	31/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
finance&invest.brussels0426.936.986Represented by Denis Timmermans	Managing director11/07/2017 → 13/05/2031Chairman of the board of directors30/06/2008 → 2017 accountsended
Pierre HERMANT	Chairman of the board of directors22/06/2020 → 12/05/2026Managing director22/06/2020 → 2020 accountsendedDirector10/09/2018 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne-Jean NOEL	Director22/06/2020 → 2020 accounts
Franc BOGOVIC	Director22/06/2020 → 2024 accounts
B2E SA0879.845.923Represented by Jean-Luc VANRAES	Director11/07/2017 → 2019 accounts
BRUSTART BY FINANCE&INVEST.BRUSSELS0448.925.797Represented by Etienne jean NOEL	Director11/07/2017 → 22/06/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/09/2026
Renouvellement d'un mandat d'administrateur et administrateur délégué;
PDF
Mandates30/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates15/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/11/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2014
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

finance&invest.brussels

Pierre HERMANT

Franc BOGOVIC

Etienne-Jean NOEL

BRUSTART BY FINANCE&INVEST.BRUSSELS

B2E SA

Jean-Luc VANRAES

Serge VILAIN

GOGOLPLEX

Eric EVERARD

Eddy VAN GELDER

Etienne DUBOIS

19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

BRUSERVICES

Rue aux Laines 70, 1000 Brussels

Managing directorChairman of the board of directors

Chairman of the board of directorsDirector

Director

DirectorChairman of the board of directors

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue aux Laines 70, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00258867

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BRUSERVICESCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00258867

Events

2025
Annual accounts 2025666,6 k €↑
2024
Annual accounts 2024-299,8 k €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 2022-158,8 k €↑
2021
Annual accounts 2021-186 k €↑
2020
Annual accounts 2020-579,3 k €↑
2019
Annual accounts 2019-633,9 k €↑
2018
Annual accounts 2018-669,4 k €↑
2017
Annual accounts 2017-756,6 k €↓
2016
Annual accounts 2016-539,8 k €↑
2015
Annual accounts 2015-756,9 k €↑
2014
Annual accounts 2014-818,7 k €↓
2013
Annual accounts 2013-662,6 k €↑
2012
Annual accounts 2012-799,5 k €↓
2011
Annual accounts 2011-347,9 k €↓
2010
Annual accounts 2010-336,7 k €↓
2009
Annual accounts 2009-320,5 k €↓
2008
Annual accounts 2008-44,2 k €↓
2007
Annual accounts 20076,6 k €
07/01/1997
IncorporationPublic limited company

BRUSERVICES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events