ACTIVE

Brass 2

Financial year 2025 · closed on 31/12/2025
Net result
6,8 M €
-86.1% YoY
Equity
112,7 M €
-0.0% YoY

What does Brass 2 do?

Brass 2 is a Private limited company incorporated in 2015. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0629.790.514
Incorporation
05/05/2015
Legal form
Private limited company
Registered office
Noordersingel 19
2140 Antwerpen · FlandreSee on map
Contributed capital
63 413 101,93 €
Latest accounts
31/12/2025
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
EBITDA-1,9 k €-9,3 k €-1,5 k €-1,7 k €-2 k €-1,5 k €-2,8 k €-1,9 k €-1,9 k €-5,5 k €-16,1 k €
Operating result-1,9 k €-9,3 k €-1,5 k €-1,7 k €-2 k €-1,5 k €-2,8 k €-1,9 k €-1,9 k €-5,5 k €-16,1 k €
Net result6,8 M €49,4 M €-5,6 k €-3 k €-2 k €-1,6 k €-2,9 k €-1,9 k €-1,9 k €-5,7 k €-15,9 k €
Balance sheet
Equity112,7 M €112,7 M €93,3 M €93,3 M €93,3 M €93,3 M €93,3 M €93,3 M €93,3 M €93,3 M €106,3 M €
Total assets112,9 M €112,9 M €93,4 M €93,4 M €93,4 M €93,4 M €93,4 M €93,4 M €93,4 M €93,4 M €106,3 M €
Cash9 k €10,7 k €46,9 €241,7 €807,9 €1,7 €7,4 €
Debts124,1 k €120,2 k €106,7 k €104,3 k €102,1 k €100,1 k €98,5 k €95,6 k €94,5 k €91,8 k €6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Ilse Bernaerts

Director · since 30 juin 2018

Active
Stephan Bernaerts

Director · since 30 juin 2018

Active
BRASSCHAAT FINANCIAL HOLDING

Director · since 05 mai 2015 · 0891.958.550

Represented by Vera Cox

Active

Ended mandates

Berry Westhoff

Director · since 10 octobre 2019 · until 28 juillet 2022

Ended
Berry Westhoff

Director · since 10 octobre 2019

Ended
BRASSCHAAT FINANCIAL HOLDING

Director · since 30 juin 2018 · 0891.958.550

Represented by Guido Bernaerts

Ended
Ilse Bernaerts

Manager · since 30 juin 2018

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202619/06/202522/08/202429/08/202307/07/202230/08/2021
General meeting30/05/202626/03/202522/08/202421/08/202324/06/202230/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/05/202608/06/2026DutchPDF
Full model31/12/202426/03/202519/06/2025DutchPDF
Full model31/12/202322/08/202422/08/2024DutchPDF
Full model31/12/202221/08/202329/08/2023DutchPDF
Full model31/12/202124/06/202207/07/2022DutchPDF
Full model31/12/202030/08/202130/08/2021DutchPDF
Full model31/12/201912/06/202030/06/2020DutchPDF
Full model31/12/201804/05/201920/06/2019DutchPDF
Full model31/12/201729/06/201809/07/2018DutchPDF
Full model31/12/201630/06/201707/07/2017DutchPDF
Full model31/12/201507/04/201617/06/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 3 active · 9 ended

Active mandates

Ilse Bernaerts

Director · since 30 juin 2018

Active
Stephan Bernaerts

Director · since 30 juin 2018

Active
BRASSCHAAT FINANCIAL HOLDING

Director · since 05 mai 2015 · 0891.958.550

Represented by Vera Cox

Active

Ended mandates

Berry Westhoff

Director · since 10 octobre 2019 · until 28 juillet 2022

Ended
Berry Westhoff

Director · since 10 octobre 2019

Ended
BRASSCHAAT FINANCIAL HOLDING

Director · since 30 juin 2018 · 0891.958.550

Represented by Guido Bernaerts

Ended
Ilse Bernaerts

Manager · since 30 juin 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares06/02/2025
    KAPITAAL - AANDELEN
    PDF
  • Other30/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/10/2019
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring14/06/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring25/04/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20256,8 M €
  2. 2024
    Annual accounts 202449,4 M €
  3. 27/06/2024
    nominationVera Cox — vaste vertegenwoordiger van Brasschaat Financial Holding NV als rechtspersoon-bestuurder
  4. 2023
    Annual accounts 2023-5,6 k €
  5. 2022
    Annual accounts 2022-3 k €
  6. 28/07/2022
    nominationBerry Westhoff — vaste vertegenwoordiger
  7. 2021
    Annual accounts 2021-2 k €
  8. 2020
    Annual accounts 2020-1,6 k €
  9. 2019
    Annual accounts 2019-2,9 k €
  10. 2018
    Annual accounts 2018-1,9 k €
  11. 2017
    Annual accounts 2017-1,9 k €
  12. 2016
    Annual accounts 2016-5,7 k €
  13. 2015
    Annual accounts 2015-15,9 k €
  14. 05/05/2015
    IncorporationPrivate limited company