ACTIVE

BRANJO

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Financial year 2025 · closed on 31/12/2025
Net result
-175,6 k €
-4362.1% YoY
Gross margin
-8,5 k €
-106.5% YoY
Equity
1,3 M €
-11.9% YoY
Workforce
0,6 ETP
+20.0% YoY

What does BRANJO do?

BRANJO is a Private limited company incorporated in 2008. Its main activity is: Raising of horses and other equines. Its registered office is in Bree. It employs on average 0,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0807.819.562
Incorporation
18/11/2008
Legal form
Private limited company
Registered office
Vennestraat 32
3960 Bree · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Average workforce
0,6 ETP
Activities (NACE)
01430Raising of horses and other equines· main01430Raising of horses and other equines64200Activities of holding companies64210Activities of holding companies70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (1)
  • 144
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120132012201120102009
Income statement
Gross margin-8,5 k €131,5 k €88,7 k €144 k €185,8 k €97,8 k €74,1 k €96,9 k €44,9 k €24,8 k €
EBITDA-67,2 k €95 k €47,7 k €117 k €168,7 k €86,7 k €71,5 k €93,1 k €43 k €19,3 k €
Operating result-152,2 k €11,5 k €-36,4 k €39,9 k €67,6 k €34,8 k €28,9 k €55,4 k €-6,4 k €15,5 k €
Net result-175,6 k €4,1 k €-42,4 k €-21,3 k €1,3 M €804 €-261,3 €29,1 k €-12,4 k €7,8 k €
Balance sheet
Equity1,3 M €1,5 M €1,5 M €1,5 M €1,5 M €225 k €224,2 k €224,5 k €195,4 k €207,8 k €
Total assets6,1 M €3,1 M €3,1 M €2,9 M €3,7 M €1,5 M €1,4 M €1,2 M €1 M €247,7 k €
Cash195,2 k €4,5 k €17,1 k €1,3 k €7 k €391,3 €249,7 €–22,4 k €15,8 k €
Debts4,6 M €1,4 M €1,4 M €1,1 M €1,9 M €1,3 M €1,1 M €1 M €829,3 k €34,9 k €
Other
Workforce0,6 ETP0,5 ETP0,0 ETP0,0 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Stefano Maccagnani

Director · since 08 décembre 2025

Active

Ended mandates

Jos Heynickx

Director · since 14 novembre 2008

Ended
Jos Heynickx

Mandate

Ended
Jos Heynickx

Director

Ended
Jos Heynickx

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
CM PROJECTS● Active
0460.533.234
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202630/08/202527/11/202403/10/202318/10/202231/08/2021
General meeting24/08/202629/08/202519/11/202409/06/202310/06/202211/06/2021
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

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/08/202631/08/2026DutchPDF
Abridged model31/12/202524/08/202627/08/2026EnglishPDF
Abridged model31/12/202429/08/202530/08/2025DutchPDF
Abridged model31/12/202319/11/202427/11/2024DutchPDF
Abridged model31/12/202209/06/202303/10/2023DutchPDF
Abridged model31/12/202110/06/202218/10/2022DutchPDF
Abridged model31/12/202011/06/202131/08/2021DutchPDF
Abridged model31/12/201904/09/202017/11/2020DutchPDF
Abridged model31/12/201814/06/201910/07/2019DutchPDF
Abridged model31/12/201708/06/201831/08/2018DutchPDF
Abridged model31/12/201609/06/201731/08/2017DutchPDF
Abridged model31/12/201510/06/201631/08/2016DutchPDF
Abridged model31/12/201412/06/201531/08/2015DutchPDF
Abridged model31/12/201313/06/201431/08/2014DutchPDF
Abridged model31/12/201214/06/201331/08/2013DutchPDF
Abridged model31/12/201108/06/201228/09/2012DutchPDF
Abridged model31/12/201021/12/201123/12/2011DutchPDF
Abridged model31/12/200911/06/201031/08/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 4 ended

Active mandates

Stefano Maccagnani

Director · since 08 décembre 2025

Active

Ended mandates

Jos Heynickx

Director · since 14 novembre 2008

Ended
Jos Heynickx

Mandate

Ended
Jos Heynickx

Director

Ended
Jos Heynickx

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring14/06/2022
    BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring28/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office24/10/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other20/11/2008
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 2025-175,6 k €↓
  2. 2024
    Annual accounts 20244,1 k €↑
  3. 2023
    Annual accounts 2023-42,4 k €↓
  4. 2022
    Annual accounts 2022-21,3 k €↓
  5. 2021
    Annual accounts 20211,3 M €↑
  6. 2013
    Annual accounts 2013804 €↑
  7. 2012
    Annual accounts 2012-261,3 €↓
  8. 2011
    Annual accounts 201129,1 k €↑
  9. 2010
    Annual accounts 2010-12,4 k €↓
  10. 2009
    Annual accounts 20097,8 k €
  11. 18/11/2008
    IncorporationPrivate limited company