Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
W.H. Brady from Zele, company number BE0405007662, closed financial year 2025 with a result of € 3.2 million after tax. For that financial year W.H. Brady recorded revenue of € 103 million and equity of € 43.8 million. Compared with financial year 2022, the result moved from € 8.6 million to € 3.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.
€ 43.8 million
▲ 39% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.2 million
▼ 63% vs 2022
Profit after tax over the fiscal year.
€ 722,061
▲ € 610,409 vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
63 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
270.6
▲ 2.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 26.3 million
▲ 16% vs 2022
€ 97,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 805,481
▲ € 621,792 vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 21 million
▲ 55% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 4.3 million
▼ 28% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2025 | Change 2022 → 2025 | |
|---|---|---|---|
| Revenue | € 92,584,012 | € 103,038,262 | ▲ 11% |
| Profit after taxes | € 8,555,598 | € 3,159,557 | ▼ 63% |
| Equity | € 31,427,625 | € 43,756,318 | ▲ 39% |
| Total debts | € 49,425,102 | € 63,419,000 | ▲ 28% |
| Cash | € 111,652 | € 722,061 | ▲ € 610,409 |
| Land & buildings | € 4,778,257 | € 28,586,640 | ▲ € 23.8 million |
| Retained profit | € 21,536,153 | € 33,864,847 | ▲ 57% |
| Dividend | € 10,700,000 | € 2,000,000 | ▼ 81% |
| Balance sheet total | € 81,668,980 | € 108,881,139 | ▲ 33% |
| Employees (FTE) | 268.4 | 270.6 | ▲ 2.2 |
Key figures of W.H. Brady, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to W.H. Brady?
What happened at W.H. Brady in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Brett Wilms stepped down as director. NBB
- Ann Thornton stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.2 million (▼ 63% vs 2022). Source: NBB ↗
- Brett Wilms became a director. NBB
- Ann Thornton became a director. NBB
- New establishment in Herentals. KBO
- New establishment in Zele. KBO
- Start of the company according to the CBE. KBO
In short
From € 8.6 million profit in 2022 to € 3.2 million profit in 2025.
Paid € 3.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 8.6 million profit.
Paid out € 12.7 million in dividends to the owners in total.
Management
It owns 100% of PDC Europe, 100% of Brady Middle East FZE and 100% of Brady s.r.o. itself.
Directors
According to the 2025 annual accounts
Brett Wilms
Managing director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Poldergotestraat 9
9240 Zele
Atealaan(HRT) 71 box B
2200 Herentals
Active since 31 July 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.007.662
- VAT number
- BE 0405.007.662
- Registered office
- Poldergotestraat 9, 9240 Zele
- Names & denominations
- W.H. Brady
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 1966
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige activiteiten op het gebied van drukwerk
Overige drukkerijen
Vervaardiging van andere artikelen van papier of karton
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