BRAEM is a wholesaler in Kortemark. Public Limited, started on 30 March 1988, 2 establishments.

What is the address of BRAEM?

The registered office of BRAEM is located at Handzaamse Nieuwstraat 7, 8610 Kortemark.

Is BRAEM still active?

Yes. According to the CBE (30 October 2026) BRAEM is active, legal situation “Normale toestand”, started on 30 March 1988.

Is BRAEM registered on Peppol?

Yes, BRAEM is registered on the Peppol network with ID 0208:0433912375.

What is the enterprise number of BRAEM?

The enterprise number of BRAEM is BE0433912375.

When was BRAEM founded?

BRAEM was founded on 30 March 1988.

Who are the directors of BRAEM?

According to the 2025 annual accounts, the directors of BRAEM are: Jules Braem, Braem Invest NV, Immovac NV, Claire Hoste.

Is BRAEM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 March 1988; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did BRAEM make in 2025?

BRAEM posted a profit after taxes of € 1,502,604 in financial year 2025.

What is the revenue of BRAEM?

In its most recent annual accounts (2025), BRAEM reported revenue of € 88,368,145.

How much does an employee at BRAEM earn?

The average wage cost per full-time employee at BRAEM was € 80,900 in 2025: staff costs of € 19.2 million for 237 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BRAEM have?

According to the 2025 annual accounts, BRAEM has 237 full-time equivalents (FTE).

BRAEM (Public Limited) - Kortemark - BE0433912375

Dossier BRAEM, printed on 30 October 2026 from databakkes.be/en/0433912375/braem. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

BRAEM from Kortemark, company number BE0433912375, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year BRAEM recorded revenue of € 88.4 million and equity of € 26.3 million. Compared with financial year 2024, the result moved from € 94,556 to € 1.5 million. 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 July 15, 2026.

What it is worth Growing

€ 26.3 million

▲ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.5 million

▲ € 1.4 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.6 million

▲ 218% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1.1 million paid out

75 % of the profit went to the shareholders, mostly to Braem Invest (75 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

237

▲ 6.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 15.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 19.2 million

▲ 6% vs 2024

€ 80,900 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.

Vehicles and equipment

€ 1.2 million

▼ 3% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 3.9 million

▼ 42% vs 2024

€ 331,500 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 7.2 million

▲ 7% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 36 days on average.

Taxes and wages

€ 3.2 million

▼ 10% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 81,302,307 Revenue 2022: € 81,302,307 First fiscal year in the series	€ 86,611,915 Revenue 2023: € 86,611,915 ▲ 7% vs 2022 (€ 81,302,307) Favourable step	€ 85,767,409 Revenue 2024: € 85,767,409 ▼ 1% vs 2023 (€ 86,611,915) Unfavourable step	€ 88,368,145 Revenue 2025: € 88,368,145 ▲ 3% vs 2024 (€ 85,767,409) Favourable step	▲ 3%
Profit after taxes	€ 4,845,161 Profit after taxes 2022: € 4,845,161 First fiscal year in the series	€ 1,816,052 Profit after taxes 2023: € 1,816,052 ▼ 63% vs 2022 (€ 4,845,161) Unfavourable step	€ 94,556 Profit after taxes 2024: € 94,556 ▼ 95% vs 2023 (€ 1,816,052) Unfavourable step	€ 1,502,604 Profit after taxes 2025: € 1,502,604 ▲ € 1.4 million vs 2024 (€ 94,556) Favourable step	▲ € 1.4 million
Equity	€ 25,015,037 Equity 2022: € 25,015,037 First fiscal year in the series	€ 25,952,278 Equity 2023: € 25,952,278 ▲ 4% vs 2022 (€ 25,015,037) Favourable step	€ 25,916,572 Equity 2024: € 25,916,572 Unchanged (€ 25,952,278) Unfavourable step	€ 26,296,128 Equity 2025: € 26,296,128 ▲ 1% vs 2024 (€ 25,916,572) Favourable step	▲ 1%
Total debts	€ 19,037,594 Total debts 2022: € 19,037,594 First fiscal year in the series	€ 25,563,040 Total debts 2023: € 25,563,040 ▲ 34% vs 2022 (€ 19,037,594) Unfavourable step	€ 20,157,534 Total debts 2024: € 20,157,534 ▼ 21% vs 2023 (€ 25,563,040) Favourable step	€ 19,165,412 Total debts 2025: € 19,165,412 ▼ 5% vs 2024 (€ 20,157,534) Favourable step	▼ 5%
Cash	€ 987,490 Cash 2022: € 987,490 First fiscal year in the series	€ 722,001 Cash 2023: € 722,001 ▼ 27% vs 2022 (€ 987,490) Unfavourable step	€ 487,666 Cash 2024: € 487,666 ▼ 32% vs 2023 (€ 722,001) Unfavourable step	€ 1,551,336 Cash 2025: € 1,551,336 ▲ 218% vs 2024 (€ 487,666) Favourable step	▲ 218%
Land & buildings	€ 3,254,549 Land & buildings 2022: € 3,254,549 First fiscal year in the series	€ 3,130,526 Land & buildings 2023: € 3,130,526 ▼ 4% vs 2022 (€ 3,254,549) Unchanged	€ 2,700,348 Land & buildings 2024: € 2,700,348 ▼ 14% vs 2023 (€ 3,130,526) Unchanged	€ 2,409,264 Land & buildings 2025: € 2,409,264 ▼ 11% vs 2024 (€ 2,700,348) Unchanged	▼ 11%
Retained profit	€ 23,868,000 Retained profit 2022: € 23,868,000 First fiscal year in the series	€ 24,805,241 Retained profit 2023: € 24,805,241 ▲ 4% vs 2022 (€ 23,868,000) Favourable step	€ 24,764,897 Retained profit 2024: € 24,764,897 Unchanged (€ 24,805,241) Unfavourable step	€ 25,144,453 Retained profit 2025: € 25,144,453 ▲ 2% vs 2024 (€ 24,764,897) Favourable step	▲ 2%
Dividend	€ 1,523,107 Dividend 2022: € 1,523,107 First fiscal year in the series	€ 878,811 Dividend 2023: € 878,811 ▼ 42% vs 2022 (€ 1,523,107) Unchanged	€ 187,331 Dividend 2024: € 187,331 ▼ 79% vs 2023 (€ 878,811) Unchanged	€ 1,123,048 Dividend 2025: € 1,123,048 ▲ € 935,717 vs 2024 (€ 187,331) Unchanged	▲ € 935,717
Bank debt	€ 6,106,997 Bank debt 2022: € 6,106,997 First fiscal year in the series	€ 11,798,700 Bank debt 2023: € 11,798,700 ▲ 93% vs 2022 (€ 6,106,997) Unfavourable step	€ 6,727,673 Bank debt 2024: € 6,727,673 ▼ 43% vs 2023 (€ 11,798,700) Favourable step	€ 3,893,397 Bank debt 2025: € 3,893,397 ▼ 42% vs 2024 (€ 6,727,673) Favourable step	▼ 42%
Balance sheet total	€ 44,256,575 Balance sheet total 2022: € 44,256,575 First fiscal year in the series	€ 51,701,488 Balance sheet total 2023: € 51,701,488 ▲ 17% vs 2022 (€ 44,256,575) Unchanged	€ 46,255,637 Balance sheet total 2024: € 46,255,637 ▼ 11% vs 2023 (€ 51,701,488) Unchanged	€ 45,643,071 Balance sheet total 2025: € 45,643,071 ▼ 1% vs 2024 (€ 46,255,637) Unchanged	▼ 1%
Employees (FTE)	222.7 Employees (FTE) 2022: 222.7 First fiscal year in the series	223.6 Employees (FTE) 2023: 223.6 ▲ 0.9 vs 2022 (222.7) Unchanged	230.1 Employees (FTE) 2024: 230.1 ▲ 6.5 vs 2023 (223.6) Unchanged	237 Employees (FTE) 2025: 237 ▲ 6.9 vs 2024 (230.1) Unchanged	▲ 6.9

Key figures of BRAEM, 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 BRAEM?

What happened at BRAEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Jules Braem stepped down as director. NBB
2029 Braem Invest NV stepped down as director. NBB
2029 Immovac NV stepped down as director. NBB
2029 Claire Hoste stepped down as director. NBB
Jul 15, 2026 New annual accounts for financial year 2025: profit of € 1.5 million (▲ € 1.4 million vs 2024). Source: NBB ↗
2024 Jules Braem became a director. NBB
2024 Braem Invest NV became a director. NBB
2024 Immovac NV became a director. NBB

In short

From € 4.8 million profit in 2022 to € 1.5 million profit in 2025.

Paid € 2.7 million in corporate taxes since 2022.

Best year ever: 2022, with € 4.8 million profit.

Paid out € 3.7 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Braem Invest 75%

Immovac 25%

The stake of Braem Invest, Immovac comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

BRAEM

The shares are held by Braem Invest (75%) and Immovac (25%).

Directors

According to the 2025 annual accounts

Jules Braem

Director

since 2024 · until 2029

Braem Invest NV

Managing director · represented by Johan Braem

Also active at: IMBRACO, MAN Brugge, Van & Truck Rental, TSE TRUCK SERVICE EUROPE, IMMO WEST-VLAANDEREN, MAN WEST-VLAANDEREN

since 2024 · until 2029

Immovac NV

Managing director · represented by Christophe Hoste

Also active at: IMBRACO, MAN Brugge, Van & Truck Rental, TSE TRUCK SERVICE EUROPE, IMMO WEST-VLAANDEREN, MAN WEST-VLAANDEREN

since 2024 · until 2029

Claire Hoste

Director

Also active at: IMBRACO, Immovac, MAN Brugge, TSE TRUCK SERVICE EUROPE, MAN WEST-VLAANDEREN

since 2024 · until 2029

Shareholders

Braem Invest

75%

Immovac

25%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Handzaamse Nieuwstraat 7

8610 Kortemark

2.038.369.579

Rue de la Spinette, Boig. 36

5140 Sombreffe

Active since 23 May 1991

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

IMBRACO same network

€ 27,949 gross margin · 2025

Immo Braem

€ -22,197 gross margin · 2025

Van & Truck Rental same network

€ 2.7 million revenue · 2025

TSE TRUCK SERVICE EUROPE same network

€ 13.9 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0433.912.375

VAT number

BE 0433.912.375

Registered office

Handzaamse Nieuwstraat 7, 8610 Kortemark

Names & denominations

BRAEM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

30 March 1988

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Groothandel in delen en toebehoren van motorvoertuigen

Detailhandel in andere motorvoertuigen (> 3,5 ton)

Onderhoud en reparatie van auto's

Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen

Verhuur en lease van personenauto’s en andere lichte motorvoertuigen

Groothandel in andere motorvoertuigen (> 3,5 ton)

Groothandel in aanhangwagens, opleggers en caravans

Algemene bouw van andere niet-residentiële gebouwen

+11

View on CBE Public ↗ Annual accounts (NBB) ↗

BRAEM

Financials

What happened to BRAEM?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions