ACTIVE

BRAVER

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Financial year 2025 · closed on 31/12/2025

Net result

25,4 k €

-9.1% YoY

Gross margin

58,2 k €

-9.8% YoY

Equity

176,8 k €

+2.8% YoY

What does BRAVER do?

BRAVER is a Private limited company incorporated in 2001. Its main activity is: Repair of fabricated metal products, machinery and equipment. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.400.256

Incorporation

21/12/2001

Legal form

Private limited company

Registered office

Klauwijzerstraat 1
8200 Brugge · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

33102Repair of fabricated metal products, machinery and equipment· main 70200Management consultancy activities 70220Business and other management consultancy activities 32500Manufacture of medical and dental instruments and supplies 32500Manufacture of medical and dental instruments and supplies

Joint committees (2)

30503
330

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	58,2 k €	-9.8%	64,5 k €	-3.9%	67,1 k €	+28.2%	52,4 k €	-7.3%	56,5 k €	+0.5%	56,3 k €	+1.2%	55,6 k €	+24.2%	44,8 k €	-4.3%	46,8 k €	-3.0%	48,2 k €	-10.0%	53,5 k €	+20.4%	44,4 k €	-14.9%	52,2 k €	-1.5%	53 k €	-20.2%	66,4 k €	-22.8%	86 k €	+12.9%	76,2 k €	+30.1%	58,5 k €	+5.6%	55,4 k €	-14.0%	64,5 k €
EBITDA	55,4 k €	-10.3%	61,8 k €	-4.1%	64,4 k €	+33.5%	48,3 k €	-10.8%	54,1 k €	+0.4%	53,9 k €	+1.2%	53,2 k €	+25.4%	42,4 k €	-4.7%	44,5 k €	-2.0%	45,5 k €	-11.4%	51,3 k €	+21.4%	42,3 k €	-15.6%	50,1 k €	-1.2%	50,7 k €	+7.3%	47,3 k €	-5.3%	49,9 k €	+15.1%	43,4 k €	+62.6%	26,7 k €	-26.5%	36,3 k €	-22.5%	46,8 k €
Operating result	43,6 k €	-6.1%	46,5 k €	-3.2%	48 k €	+49.8%	32,1 k €	-17.3%	38,8 k €	-0.9%	39,1 k €	+3.0%	38 k €	+36.7%	27,8 k €	-9.9%	30,9 k €	+46.0%	21,1 k €	-1.5%	21,5 k €	-8.3%	23,4 k €	-9.5%	25,9 k €	+29.9%	19,9 k €	-30.8%	28,8 k €	-5.4%	30,4 k €	+138%	12,8 k €	+335%	-5,4 k €	-222%	4,5 k €	-70.8%	15,3 k €
Net result	25,4 k €	-9.1%	27,9 k €	-10.5%	31,2 k €	+110%	14,9 k €	-33.7%	22,5 k €	-6.1%	23,9 k €	+16.8%	20,5 k €	+38.0%	14,8 k €	-9.6%	16,4 k €	+108%	7,9 k €	+37.5%	5,7 k €	-32.1%	8,5 k €	-37.4%	13,5 k €	+53.5%	8,8 k €	-61.4%	22,8 k €	+29.6%	17,6 k €	+996%	1,6 k €	+109%	-17,2 k €	-124%	-7,7 k €	-774%	1,1 k €
Balance sheet
Equity	176,8 k €	+2.8%	171,9 k €	+8.2%	158,8 k €	+12.6%	141 k €	+3.7%	136 k €	-4.2%	141,9 k €	+20.3%	118 k €	+9.3%	108 k €	+14.4%	94,4 k €	+16.6%	81 k €	+10.8%	73,1 k €	+8.5%	67,3 k €	+14.4%	58,9 k €	+18.5%	49,7 k €	+17.7%	42,2 k €	+118%	19,4 k €	+976%	1,8 k €	+817%	196,8 €	-98.9%	17,4 k €	-30.7%	25,1 k €
Total assets	317,4 k €	+8.6%	292,3 k €	+11.9%	261,3 k €	+6.8%	244,7 k €	-2.3%	250,4 k €	+1.4%	246,9 k €	+3.8%	237,8 k €	-1.9%	242,4 k €	-0.6%	244 k €	-0.9%	246,1 k €	-2.4%	252,2 k €	-5.6%	267 k €	-5.5%	282,6 k €	-10.5%	315,9 k €	-3.8%	328,5 k €	+5.3%	312 k €	-6.8%	334,8 k €	-3.4%	346,6 k €	-13.4%	400 k €	-5.4%	422,7 k €
Cash	89,8 k €	+50.0%	59,9 k €	-9.1%	65,8 k €	+50.4%	43,8 k €	-47.8%	83,9 k €	+53.1%	54,8 k €	+18.0%	46,5 k €	-0.7%	46,8 k €	+28.0%	36,6 k €	+21.0%	30,2 k €	+154%	11,9 k €	-67.7%	36,8 k €	+24.8%	29,5 k €	-23.6%	38,6 k €	-41.4%	65,8 k €	+279%	17,4 k €	-39.2%	28,6 k €	+209%	9,3 k €	-71.3%	32,3 k €	+7.4%	30,1 k €
Debts	133,1 k €	+17.4%	113,4 k €	+15.9%	97,8 k €	-2.5%	100,3 k €	-10.2%	111,7 k €	+8.5%	103 k €	-12.4%	117,6 k €	-11.4%	132,7 k €	-10.2%	147,9 k €	-10.4%	165,1 k €	-6.6%	176,8 k €	-10.1%	196,6 k €	-10.6%	220 k €	-16.5%	263,5 k €	-6.9%	283 k €	-3.3%	292,6 k €	-11.8%	331,9 k €	-4.2%	346,4 k €	-9.5%	382,6 k €	-3.8%	397,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-37.5%	1,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

Matthieu Verkest

Director · since 23 septembre 2022

Active

Katrien Braet

Director · since 11 décembre 2001

Active

Ended mandates

Katrien Braet

Director

Ended

Katrien Braet

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	22/06/2026	26/06/2025	18/06/2024	03/07/2023	25/05/2022	08/06/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	09/04/2022	10/04/2021
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
Micro model	31/12/2025	20/06/2026	22/06/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	18/06/2024	Dutch	PDF
Micro model	31/12/2022	17/06/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	09/04/2022	25/05/2022	Dutch	PDF
Micro model	31/12/2020	10/04/2021	08/06/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	16/03/2019	23/05/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	25/06/2018	Dutch	PDF
Micro model	31/12/2016	18/03/2017	10/04/2017	Dutch	PDF
Abridged model	31/12/2015	19/03/2016	25/04/2016	Dutch	PDF
Abridged model	31/12/2014	21/03/2015	28/05/2015	Dutch	PDF
Abridged model	31/12/2013	15/03/2014	27/03/2014	Dutch	PDF
Abridged model	31/12/2012	16/03/2013	28/03/2013	Dutch	PDF
Abridged model	31/12/2011	17/03/2012	29/03/2012	Dutch	PDF
Abridged model	31/12/2010	19/03/2011	31/03/2011	Dutch	PDF
Abridged model	31/12/2009	20/03/2010	26/03/2010	Dutch	PDF
Abridged model	31/12/2008	21/03/2009	08/05/2009	Dutch	PDF
Abridged model	31/12/2007	15/03/2008	30/04/2008	Dutch	PDF
Abridged model	31/12/2006	17/03/2007	29/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 ended

Active mandates

Matthieu Verkest

Director · since 23 septembre 2022

Active

Katrien Braet

Director · since 11 décembre 2001

Active

Ended mandates

Katrien Braet

Director

Ended

Katrien Braet

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office03/03/2004
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/01/2003
ONTSLAGEN - BENOEMINGEN
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 202525,4 k €↓
2024
Annual accounts 202427,9 k €↓
2023
Annual accounts 202331,2 k €↑
2022
Annual accounts 202214,9 k €↓
2022
Name changeBraver
2021
Annual accounts 202122,5 k €↓
2020
Annual accounts 202023,9 k €↑
2019
Annual accounts 201920,5 k €↑
2018
Annual accounts 201814,8 k €↓
2017
Annual accounts 201716,4 k €↑
2016
Annual accounts 20167,9 k €↑
2015
Annual accounts 20155,7 k €↓
2014
Annual accounts 20148,5 k €↓
2013
Annual accounts 201313,5 k €↑
2012
Annual accounts 20128,8 k €↓
2011
Annual accounts 201122,8 k €↑
2010
Annual accounts 201017,6 k €↑
2009
Annual accounts 20091,6 k €↑
2008
Annual accounts 2008-17,2 k €↓
2007
Annual accounts 2007-7,7 k €↓
2006
Annual accounts 20061,1 k €
2006
Name changeBRAET KATRIEN DTB
21/12/2001
IncorporationPrivate 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

BRAVER

Overview

What does BRAVER do?

Trend over 20 financial years

Indicative valuation

Board of directors

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