ACTIVE

BRSM

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Financial year 2025 · closed on 31/12/2025

Net result

-3,3 k €

-452.2% YoY

Gross margin

-1,7 k €

-260.2% YoY

Equity

2,2 k €

-60.0% YoY

What does BRSM do?

BRSM is a Private limited company incorporated in 2008. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.906.169

Incorporation

21/11/2008

Legal form

Private limited company

Registered office

Square Vergote 19
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-1,7 k €	-260%	-462,7 €	+59.3%	-1,1 k €	-152%	-451,6 €	-113%	3,4 k €	-15.7%	4 k €	+13.2%	3,5 k €	+172%	1,3 k €	-90.2%	13,2 k €	+466%	-3,6 k €	-129%	12,6 k €	+63.3%	7,7 k €	-58.3%	18,5 k €	-56.4%	42,5 k €	+22393%	-190,8 €	-101%	14 k €	-46.2%	26 k €
EBITDA	-2,1 k €	-143%	-850 €	+44.1%	-1,5 k €	-90.3%	-799,1 €	-126%	3 k €	-17.2%	3,7 k €	+14.7%	3,2 k €	+234%	954 €	-92.6%	12,9 k €	+425%	-4 k €	-132%	12,3 k €	+66.3%	7,4 k €	-59.5%	18,2 k €	-56.9%	42,2 k €	+7937%	-538,3 €	-104%	14 k €	-46.2%	26 k €
Operating result	-2,1 k €	-143%	-850 €	+44.1%	-1,5 k €	-90.3%	-799,1 €	-126%	3 k €	+1277%	-257 €	+74.1%	-993,3 €	+79.8%	-4,9 k €	-148%	10,2 k €	+209%	-9,3 k €	-294%	4,8 k €	+275%	-2,7 k €	-126%	10,7 k €	-69.7%	35,2 k €	+493%	-8,9 k €	-260%	5,6 k €	-71.9%	19,9 k €
Net result	-3,3 k €	-452%	-602,8 €	+48.5%	-1,2 k €	-25.1%	-934,9 €	-131%	3 k €	+857%	-398,3 €	+64.5%	-1,1 k €	+78.2%	-5,1 k €	-153%	9,8 k €	+205%	-9,3 k €	-320%	4,2 k €	+266%	-2,6 k €	-136%	7,1 k €	-72.7%	26 k €	+386%	-9,1 k €	-353%	3,6 k €	-71.7%	12,7 k €
Balance sheet
Equity	2,2 k €	-60.0%	5,5 k €	-9.8%	6,1 k €	-16.0%	7,3 k €	-11.3%	8,3 k €	+57.6%	5,2 k €	-7.1%	5,6 k €	-16.6%	6,8 k €	-43.2%	11,9 k €	-1.8%	12,1 k €	-43.5%	21,5 k €	+0.2%	21,4 k €	-10.7%	24 k €	+14.8%	20,9 k €	+622%	2,9 k €	-75.9%	12 k €	+42.8%	8,4 k €
Total assets	8,1 M €	+145550%	5,5 k €	-9.8%	6,1 k €	-36.3%	9,7 k €	-1.4%	9,8 k €	+49.6%	6,5 k €	-16.6%	7,8 k €	-38.2%	12,7 k €	-44.3%	22,8 k €	+79.9%	12,7 k €	-66.9%	38,3 k €	+47.5%	25,9 k €	-37.1%	41,3 k €	+2.2%	40,4 k €	+128%	17,7 k €	+5.6%	16,8 k €	-36.2%	26,3 k €
Cash	3,4 k €	-38.0%	5,5 k €	+3620%	149,1 €	-98.5%	9,7 k €	-1.4%	9,8 k €	+59.0%	6,2 k €	+488%	1 k €	+153%	414,2 €	-96.7%	12,5 k €	+249%	3,6 k €	-86.0%	25,5 k €	+144%	10,4 k €	-45.1%	19 k €	+59.4%	11,9 k €	+74.6%	6,8 k €	+200%	2,3 k €	-78.2%	10,5 k €
Debts	8 M €		–		–		2,3 k €	+52.0%	1,5 k €	+17.5%	1,3 k €	-40.9%	2,2 k €	-62.8%	5,9 k €	-45.5%	10,9 k €	+1878%	550,8 €	-96.7%	16,8 k €	+271%	4,5 k €	-73.8%	17,3 k €	-11.2%	19,5 k €	+31.6%	14,8 k €	+210%	4,8 k €	-73.4%	17,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 6 ended

Active mandates

ANTHONY VAN EYCKE

Mandate

Active

MARTIN BAUCHAU

Director

Active

RAOUL BAUCHAU

Director

Active

SIMON BAUCHAU

Director

Active

Ended mandates

Ludivine THILMANT

Director · since 13 novembre 2008

Ended

Ludivine THILMANT

Manager · since 13 novembre 2008

Ended

FRANCOIS DETANDT

Director

Ended

FRANCOIS DETANDT

Administrator - manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	19/08/2026	17/02/2025	27/05/2024	03/03/2023	11/08/2022	27/10/2021
General meeting	19/06/2026	13/01/2025	27/05/2024	03/03/2023	30/06/2022	18/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	19/08/2026	French	PDF
Abridged model	31/12/2024	13/01/2025	17/02/2025	French	PDF
Abridged model	31/12/2023	27/05/2024	27/05/2024	French	PDF
Abridged model	31/12/2022	03/03/2023	03/03/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	11/08/2022	French	PDF
Abridged model	31/12/2020	18/05/2021	27/10/2021	French	PDF
Micro model	31/12/2019	19/06/2020	30/07/2020	French	PDF
Micro model	31/12/2018	21/06/2019	27/08/2019	French	PDF
Micro model	31/12/2017	29/06/2018	26/07/2018	French	PDF
Micro model	31/12/2016	28/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	11/08/2016	French	PDF
Abridged model	31/12/2014	02/07/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	21/08/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	06/08/2013	28/09/2013	French	PDF
Abridged model	31/12/2011	05/08/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	05/08/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	06/08/2010	13/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 4 active · 6 ended

Active mandates

ANTHONY VAN EYCKE

Mandate

Active

MARTIN BAUCHAU

Director

Active

RAOUL BAUCHAU

Director

Active

SIMON BAUCHAU

Director

Active

Ended mandates

Ludivine THILMANT

Director · since 13 novembre 2008

Ended

Ludivine THILMANT

Manager · since 13 novembre 2008

Ended

FRANCOIS DETANDT

Director

Ended

FRANCOIS DETANDT

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/10/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other01/12/2008
CONSTITUTION
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 2025-3,3 k €↓
2025
Name changeBRSM SRL
2024
Annual accounts 2024-602,8 €↑
2023
Annual accounts 2023-1,2 k €↓
2022
Annual accounts 2022-934,9 €↓
2021
Annual accounts 20213 k €↑
2020
Annual accounts 2020-398,3 €↑
2019
Annual accounts 2019-1,1 k €↑
2018
Annual accounts 2018-5,1 k €↓
2017
Annual accounts 20179,8 k €↑
2016
Annual accounts 2016-9,3 k €↓
2015
Annual accounts 20154,2 k €↑
2014
Annual accounts 2014-2,6 k €↓
2013
Annual accounts 20137,1 k €↓
2012
Annual accounts 201226 k €↑
2011
Annual accounts 2011-9,1 k €↓
2010
Annual accounts 20103,6 k €↓
2009
Annual accounts 200912,7 k €
2009
Name changeALT IMAGE & SON
21/11/2008
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

BRSM

Overview

What does BRSM do?

Trend over 17 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