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 4 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
BRALING from Brasschaat, company number BE0432673052, closed financial year 2025 with a result of € 48,487 after tax. For that financial year BRALING recorded a gross margin of € 223,911 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 2,088 to € 48,487. Profitable, and profit is growing. 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 June 1, 2026.
€ 1.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 48,487
▲ € 46,400 vs 2024
Profit after tax over the fiscal year.
€ 84,299
▲ € 73,968 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 608,501.
People and assets in 2025
1.5
Average over the fiscal year, from the social balance sheet.
€ 65,452
▼ 44% vs 2024
€ 43,600 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.
€ 10,075
▲ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 227,018
▼ 10% vs 2024
€ 24,053 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 29,023
▲ 118% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,962
▲ € 38,593 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 237,643 | € 159,944 | € 267,440 | € 223,911 | ▼ 16% |
| Profit after taxes | € -121,095 | € -94,420 | € 2,088 | € 48,487 | ▲ € 46,400 |
| Equity | € 1,643,921 | € 1,549,500 | € 1,551,588 | € 1,600,076 | ▲ 3% |
| Total debts | € 3,049,659 | € 3,392,924 | € 3,352,682 | € 2,856,880 | ▼ 15% |
| Cash | € 21,571 | € 20,519 | € 10,331 | € 84,299 | ▲ € 73,968 |
| Land & buildings | € 3,222,608 | € 3,097,952 | € 2,997,078 | € 2,915,516 | ▼ 3% |
| Retained profit | € 652,347 | € 557,926 | € 560,014 | € 608,501 | ▲ 9% |
| Bank debt | € 450,731 | € 315,930 | € 251,818 | € 227,018 | ▼ 10% |
| Balance sheet total | € 4,734,873 | € 4,980,729 | € 4,939,587 | € 4,489,285 | ▼ 9% |
| Employees (FTE) | 1.1 | 1.5 | 1.5 | 1.5 |
Key figures of BRALING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BRALING?
What happened at BRALING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Christophe Friling stepped down as director. NBB
- Charlotte Friling stepped down as director. NBB
- ERIC SPAAS BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 48,487 (▲ € 46,400 vs 2024). Source: NBB ↗
- Christophe Friling became a director. NBB
- Charlotte Friling became a director. NBB
- ERIC SPAAS BV became a director. NBB
- New establishment in Brasschaat. KBO
In short
From € 121,095 loss in 2022 to € 48,487 profit in 2025.
Paid € 6,751 in corporate taxes since 2022.
Best year ever: 2025, with € 48,487 profit.
On average € 149,300 of value added per employee in 2025.
Management
Behind BRALING is Antonius Friling. It owns 50% of Hotel Marie Ullens, 39.5% of Sociedad Bracht, 24.2% of F3 Finance PE I and 6.3% of F3 Finance PE II itself.
Directors
According to the 2025 annual accounts
Antonius Friling
Managing director
Also active at: F & S, X-PERTISE, PRAXIS, F³ Finance, ERANTA, F³ Invest PIPE's DBI, BRALING INTERNATIONAL
Charlotte Friling
Director
since 2015 · until 2027
Director · represented by Eric Spaas
Also active at: F & S, X-PERTISE, PRAXIS, ERANTA, F&S Financial Services, F3 Armira, HOTEL MARIE ULLENS
since 2015 · until 2027
Christophe Friling
Director
Also active at: COBALT BOX, BRALING INTERNATIONAL, Cobalt Box Self Storage, FRILCO
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Hoogboomsteenweg 128
2930 Brasschaat
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
- 0432.673.052
- VAT number
- BE 0432.673.052
- Registered office
- Hoogboomsteenweg 128, 2930 Brasschaat
- Names & denominations
- BRALING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1987
- Peppol
- Active · Active since 4 Sept 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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