ACTIVE

2Brec

Financial year 2025 · closed on 31/03/2025
Net result
550,5 k €
+44.4% YoY
Revenue
98,7 M €
+27.7% YoY
Equity
2,2 M €
-3.6% YoY
Workforce
2,3 ETP
+43.7% YoY

What does 2Brec do?

2Brec is a Private limited company incorporated in 2012. Its registered office is in Balen. It employs on average 2,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0846.585.217
Incorporation
12/06/2012
Legal form
Private limited company
Registered office
Gustaaf Woutersstraat 11
2490 Balen · FlandreSee on map
Contributed capital
20 460,00 €
Latest accounts
31/03/2025
Average workforce
2,3 ETP
Joint committees (2)
  • 226
  • 22600
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Revenue98,7 M €77,3 M €82,4 M €89,1 M €
EBITDA1,3 M €810,1 k €1,2 M €1,1 M €1,5 M €-39,5 k €171,7 k €116,4 k €90,8 k €159,2 k €121,7 k €560,7 k €
Operating result1,3 M €760,6 k €1,2 M €1,1 M €1,5 M €-75,7 k €149,2 k €94,1 k €68,6 k €142,7 k €116,5 k €426,5 k €
Net result550,5 k €381,3 k €857,9 k €747,6 k €954,3 k €-105,7 k €84,3 k €48,3 k €34,2 k €87 k €76,5 k €278 k €
Balance sheet
Equity2,2 M €2,3 M €2,1 M €2,2 M €1,5 M €521,3 k €627 k €542,6 k €494,3 k €460,2 k €373,1 k €296,6 k €
Total assets15,7 M €17,2 M €12,5 M €11,7 M €10,9 M €2,2 M €3,8 M €2,8 M €1,8 M €2 M €1,8 M €1,1 M €
Cash3,4 M €2,7 M €429,4 k €16,3 k €1,6 M €874,4 k €822,4 k €702,3 k €296,8 k €301,2 k €205,7 k €220,5 k €
Debts13,3 M €13,3 M €10,3 M €9,3 M €9,2 M €1,7 M €3,2 M €2,3 M €1,3 M €1,5 M €1,4 M €848,6 k €
Other
Workforce2,3 ETP1,6 ETP1,6 ETP1,6 ETP0,9 ETP0,6 ETP0,8 ETP0,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 3 ended

Active mandates

Paul Veulemans

Director · since 03 octobre 2023

Active
Wim Geukens

Director · since 03 octobre 2023

Active

Ended mandates

Paul Veulemans

Director · since 29 septembre 2017

Ended
Wim Geukens

Director · since 12 juin 2012

Ended
Wim Geukens

Manager · since 12 juin 2012

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/10/202531/10/202423/10/202328/10/202207/10/202108/10/2020
General meeting29/10/202530/10/202420/10/202327/10/202215/09/202116/09/2020
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202529/10/202531/10/2025DutchPDF
Full model31/03/202430/10/202431/10/2024DutchPDF
Full model31/03/202320/10/202323/10/2023DutchPDF
Full model31/03/202227/10/202228/10/2022DutchPDF
Abridged model31/03/202115/09/202107/10/2021DutchPDF
Abridged model31/03/202016/09/202008/10/2020DutchPDF
Abridged model31/03/201918/09/201921/10/2019DutchPDF
Abridged model31/03/201819/09/201822/10/2018DutchPDF
Abridged model31/03/201720/09/201702/10/2017DutchPDF
Abridged model31/03/201621/09/201602/11/2016DutchPDF
Abridged model31/03/201516/09/201521/09/2015DutchPDF
Abridged model31/03/201417/09/201403/10/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 2 active · 3 ended

Active mandates

Paul Veulemans

Director · since 03 octobre 2023

Active
Wim Geukens

Director · since 03 octobre 2023

Active

Ended mandates

Paul Veulemans

Director · since 29 septembre 2017

Ended
Wim Geukens

Director · since 12 juin 2012

Ended
Wim Geukens

Manager · since 12 juin 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office18/11/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other25/06/2012
    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 2025550,5 k €
  2. 2024
    Annual accounts 2024381,3 k €
  3. 2023
    Annual accounts 2023857,9 k €
  4. 2022
    Annual accounts 2022747,6 k €
  5. 2021
    Annual accounts 2021954,3 k €
  6. 2020
    Annual accounts 2020-105,7 k €
  7. 2019
    Annual accounts 201984,3 k €
  8. 2018
    Annual accounts 201848,3 k €
  9. 2017
    Annual accounts 201734,2 k €
  10. 2016
    Annual accounts 201687 k €
  11. 2015
    Annual accounts 201576,5 k €
  12. 2014
    Annual accounts 2014278 k €
  13. 12/06/2012
    IncorporationPrivate limited company