ACTIVE

BRUSERVICES

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Financial year 2024 · closed on 31/12/2024

Net result

-299,8 k €

-116.5% YoY

Revenue

6,7 k €

-94.0% YoY

Equity

-2,2 M €

-15.7% YoY

What does BRUSERVICES do?

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

31/12/2024

Activities (NACE)

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

Joint committees (2)

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	6,7 k €	-94.0%	111 k €	-82.2%	624,8 k €	-29.8%	889,4 k €	+46.0%	609 k €	-23.1%	792,1 k €	-8.9%	869,9 k €	-40.1%	1,5 M €	-19.2%	1,8 M €	-21.9%	2,3 M €	+2.2%	2,3 M €	-0.7%	2,3 M €	+12.4%	2 M €	-16.5%	2,4 M €	+0.4%	2,4 M €	+3.8%	2,3 M €	-7.1%	2,5 M €	+0.3%	2,5 M €
EBITDA	-179,1 k €	-109%	2,1 M €	+1057%	178,1 k €	+9.2%	163 k €	+199%	-164,8 k €	+39.9%	-274,5 k €	+11.8%	-311,4 k €	-53.0%	-203,5 k €	-132%	640,2 k €	+53.2%	417,9 k €	+27.6%	327,5 k €	-28.6%	458,9 k €	+58.8%	289 k €	-58.7%	700,1 k €	+5.9%	661,2 k €	-1.9%	674,1 k €	-28.5%	942,5 k €	-7.0%	1 M €
Operating result	-179,1 k €	-109%	2,1 M €	+9806%	20,8 k €	+86392%	24,1 €	+100%	-395,7 k €	+16.8%	-475,5 k €	+7.9%	-516,3 k €	+15.6%	-611,5 k €	-60.1%	-381,9 k €	+36.1%	-597,3 k €	+9.3%	-658,8 k €	-29.5%	-508,9 k €	+18.9%	-627,2 k €	-415%	-121,8 k €	-47.7%	-82,5 k €	-44.8%	-57 k €	-124%	233,7 k €	-19.0%	288,5 k €
Net result	-299,8 k €	-117%	1,8 M €	+1243%	-158,8 k €	+14.7%	-186 k €	+67.9%	-579,3 k €	+8.6%	-633,9 k €	+5.3%	-669,4 k €	+11.5%	-756,6 k €	-40.2%	-539,8 k €	+28.7%	-756,9 k €	+7.5%	-818,7 k €	-23.6%	-662,6 k €	+17.1%	-799,5 k €	-130%	-347,9 k €	-3.3%	-336,7 k €	-5.0%	-320,5 k €	-625%	-44,2 k €	-771%	6,6 k €
Balance sheet
Equity	-2,2 M €	-15.7%	-1,9 M €	+48.8%	-3,7 M €	-4.5%	-3,6 M €	-5.5%	-3,4 M €	-20.7%	-2,8 M €	-29.3%	-2,2 M €	-44.8%	-1,5 M €	-102%	-738,5 k €	-272%	-198,7 k €	-136%	558,1 k €	-59.5%	1,4 M €	-32.5%	2 M €	-28.2%	2,8 M €	-10.9%	3,2 M €	-9.6%	3,5 M €	-8.3%	3,8 M €	-1.1%	3,9 M €
Total assets	514 k €	-11.5%	581 k €	-80.1%	2,9 M €	+3.1%	2,8 M €	+17.2%	2,4 M €	+1.4%	2,4 M €	-8.9%	2,6 M €	-12.1%	3 M €	-18.0%	3,6 M €	-15.5%	4,3 M €	-19.7%	5,3 M €	-16.1%	6,4 M €	-9.2%	7 M €	-6.1%	7,5 M €	-7.5%	8,1 M €	-9.7%	8,9 M €	-7.6%	9,7 M €	-4.3%	10,1 M €
Cash	2,3 k €	-94.8%	43,7 k €	-92.3%	566,8 k €	-3.0%	584,1 k €	+3214%	17,6 k €	+26.8%	13,9 k €	-62.7%	37,3 k €	+211%	12 k €	-92.0%	149,4 k €	+13.6%	131,5 k €	+52.8%	86 k €	-21.0%	108,9 k €	+375%	22,9 k €	+55.9%	14,7 k €	-93.1%	211,7 k €	-22.5%	273,2 k €	-59.0%	666,4 k €	+3.4%	644,3 k €
Debts	2,6 M €	+4.5%	2,5 M €	-62.5%	6,6 M €	+4.3%	6,4 M €	+10.4%	5,8 M €	+11.2%	5,2 M €	+19.5%	4,3 M €	+4.2%	4,2 M €	-0.5%	4,2 M €	-5.5%	4,4 M €	-7.6%	4,8 M €	-3.8%	5 M €	+0.4%	5 M €	+7.0%	4,6 M €	-5.4%	4,9 M €	-8.6%	5,4 M €	-8.2%	5,8 M €	-5.2%	6,2 M €
Other
Workforce	–		–		–		–		–		0,8 ETP	-55.6%	1,8 ETP	-10.0%	2,0 ETP	-23.1%	2,6 ETP	-13.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 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 31/12/2024 · 2 active · 48 ended

Active mandates

Franc BOGOVIC

Director · since 22 juin 2020 · until 12 mai 2026

Active

Pierre HERMANT

Chairman of the board of directors · since 22 juin 2020 · until 12 mai 2026

Active

Ended mandates

Etienne-Jean NOEL

Director · since 22 juin 2020 · until 12 mai 2026

Ended

Pierre HERMANT

Managing director · since 22 juin 2020 · until 12 mai 2026

Ended

Pierre HERMANT

Director · since 10 septembre 2018 · until 30 mars 2023

Ended

B2E SA

Director · since 11 juillet 2017 · until 30 mars 2023 · 0879.845.923

Represented by Jean-Luc VANRAES

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2025	04/06/2024	26/06/2023	01/07/2022	08/07/2021	02/07/2020
General meeting	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021	30/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
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

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 31/12/2024 · 2 active · 48 ended

Active mandates

Franc BOGOVIC

Director · since 22 juin 2020 · until 12 mai 2026

Active

Pierre HERMANT

Chairman of the board of directors · since 22 juin 2020 · until 12 mai 2026

Active

Ended mandates

Etienne-Jean NOEL

Director · since 22 juin 2020 · until 12 mai 2026

Ended

Pierre HERMANT

Managing director · since 22 juin 2020 · until 12 mai 2026

Ended

Pierre HERMANT

Director · since 10 septembre 2018 · until 30 mars 2023

Ended

B2E SA

Director · since 11 juillet 2017 · until 30 mars 2023 · 0879.845.923

Represented by Jean-Luc VANRAES

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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

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

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

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

BRUSERVICES

Overview

What does BRUSERVICES do?

Trend over 18 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