Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.9 to 4.5.
Financials
Financial year 2025
Brace Shop Namur from Namur, company number BE0440492737, closed financial year 2025 with a result of € 109,005 after tax. For that financial year Brace Shop Namur recorded a gross margin of € 449,354 and equity of € 455,760. Compared with financial year 2024, the result moved from € -343,719 to € 109,005. 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 25, 2026.
€ 455,760
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,005
▲ still € 343,719 loss in 2024
Profit after tax over the fiscal year.
€ 54,826
▲ 232% 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 € 393,760.
People and assets in 2025
4.5
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 333,731
▼ 15% vs 2024
€ 74,200 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.
Debts at end 2025
€ 31,191
▼ 67% vs 2024
Loans from banks and other lenders, long and short.
€ 192,362
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,498
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 405,978 | € 580,543 | € 55,522 | € 449,354 | ▲ € 393,832 |
| Profit after taxes | € 7,279 | € 1,958 | € -343,719 | € 109,005 | ▲ € 452,724 |
| Equity | € 688,516 | € 690,474 | € 346,755 | € 455,760 | ▲ 31% |
| Total debts | € 578,900 | € 551,845 | € 444,261 | € 294,051 | ▼ 34% |
| Cash | € 9,459 | € 11,282 | € 16,489 | € 54,826 | ▲ 232% |
| Retained profit | € 626,516 | € 628,474 | € 284,755 | € 393,760 | ▲ 38% |
| Bank debt | € 69,618 | € 36,938 | € 94,547 | € 31,191 | ▼ 67% |
| Balance sheet total | € 1,267,415 | € 1,242,319 | € 791,016 | € 749,811 | ▼ 5% |
| Employees (FTE) | 5.9 | 5.9 | 5.8 | 4.5 | ▼ 1.3 |
Key figures of Brace Shop Namur, 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 Brace Shop Namur?
What happened at Brace Shop Namur in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ann Van Haesendonck stepped down as director. NBB
- A Plus Label Management SRL stepped down as director. NBB
- Lia-Cia SRL stepped down as director. NBB
- MUCHO MÁS MANAGEMENT SRL stepped down as director. NBB
- Lena Van Haesendonck stepped down as director. NBB
- Ortholeuv SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 109,005. Source: NBB ↗
- MUCHO MÁS MANAGEMENT SRL became a director. NBB
In short
From € 7,279 profit in 2022 to € 109,005 profit in 2025.
Paid € 16,762 in corporate taxes since 2022.
Best year ever: 2025, with € 109,005 profit.
On average € 99,900 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Ortholeuv SRL (100%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Director · represented by Lien Geutjens
Also active at: ORTHOPEDIE VAN HAESENDONCK, ORTHO CONSTRUCT, OrthoLeuv
since 2023 · until 2029
Director · represented by Amélie Godfroid
Also active at: ORTHOPEDIE VAN HAESENDONCK, ORTHO CONSTRUCT, OrthoLeuv
since 2023 · until 2029
Director · represented by Eline Coenen
Also active at: ORTHOPEDIE VAN HAESENDONCK, ORTHO CONSTRUCT, OrthoLeuv
since 2024 · until 2029
Lena Van Haesendonck
Chairman of the board
Also active at: ORTHOPEDIE VAN HAESENDONCK, ORTHO CONSTRUCT
since 2023 · until 2029
Managing director · represented by Thomas Wijns
Also active at: ORTHOPEDIE VAN HAESENDONCK, ORTHO CONSTRUCT
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de l'Institut(BU) 5 box 001
5004 Namur
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
- 0440.492.737
- VAT number
- BE 0440.492.737
- Registered office
- Rue de l'Institut(BU) 5 bus 001, 5004 Namur
- Names & denominations
- Brace Shop Namur · BSN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 1990
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
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