Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 3 to 2.6.
-
Busy address KBO
81 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BRUSTART BY FINANCE&INVEST.BRUSSELS from Brussel, company number BE0448925797, closed financial year 2025 with a result of € -417,245 after tax. Compared with financial year 2024, the result moved from € -815,221 to € -417,245. The company made a loss. 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 12, 2026.
€ 22.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -417,245
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 91,018
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
2.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 240,311
▼ 21% vs 2024
€ 92,400 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
None
No bank loans on the last day of the fiscal year.
€ 239,897
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 258 days on average.
€ 26,072
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 487,693 | € -825,402 | € -815,221 | € -417,245 | ▲ € 397,975 |
| Equity | € 24,329,819 | € 22,805,838 | € 22,098,053 | € 22,813,298 | ▲ 3% |
| Total debts | € 415,647 | € 737,443 | € 550,858 | € 660,064 | ▲ 20% |
| Cash | € 1,789,136 | € 136,109 | € 87,646 | € 91,018 | ▲ 4% |
| Retained profit | € 186,767 | € -638,636 | € -1,453,856 | € -1,871,102 | ▼ € 417,245 |
| Balance sheet total | € 24,745,466 | € 23,543,281 | € 22,648,912 | € 23,473,362 | ▲ 4% |
| Employees (FTE) | 2.3 | 3 | 2.8 | 2.6 | ▼ 0.2 |
Key figures of BRUSTART BY FINANCE&INVEST.BRUSSELS, 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 BRUSTART BY FINANCE&INVEST.BRUSSELS?
What happened at BRUSTART BY FINANCE&INVEST.BRUSSELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain HEUREUX stepped down as director. NBB
- Sandrine EVRARD stepped down as director. NBB
- Benoit DASSY stepped down as director. NBB
- Geoffrey LIVEMONT stepped down as director. NBB
- Thierry GEERTS stepped down as director. NBB
- Marie-Carmen BEX stepped down as director. NBB
- Nicolas VAUTRIN stepped down as director. NBB
- Rodolphe d'UDEKEM d'ACOZ stepped down as director. NBB
In short
From € 487,693 profit in 2022 to € 417,245 loss in 2025.
Paid € 44,911 in corporate taxes since 2022.
Best year ever: 2022, with € 487,693 profit.
A new publication or filing at BRUSTART BY FINANCE&INVEST.BRUSSELS? We notify you, reason included.
Follow BRUSTART BY FINANCE&INVEST.BRUSSELSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 finance&invest.brussels (55.6%) and Région Bruxelles-Capitale (44.4%). It owns 14.8% of BLOOMING RIDERS, 14.2% of BE CENTRAL, 11.1% of GEORGE QUIZ, 11% of OUAT !, 10.7% of Foodiz Corp and 10.4% of Cinnamon Capital itself.
Directors
According to the 2025 annual accounts
Stefan SONCK THIEBAUT
Director
since 2023 · until 2025
Alain HEUREUX
Director
since 2024 · until 2029
Sandrine EVRARD
Director
since 2023 · until 2029
Benoit DASSY
Director
since 2023 · until 2029
Geoffrey LIVEMONT
Director
since 2025 · until 2029
Thierry GEERTS
Director
Also active at: FEDERATION DES CHAMBRES DE COMMERCE BELGES - FEDERATIE VAN BELGISCHE KAMERS VAN KOOPHANDEL, Association pour l'Enseignement de promotion et de formation continue de l'universite libre de bxl et de BECI-Brussels Chamber of Commerce, RRCC, DIGICHAMBERS
since 2024 · until 2029
Marie-Carmen BEX
Director
Also active at: Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire
since 2023 · until 2029
Nicolas VAUTRIN
Director
since 2025 · until 2029
Rodolphe d'UDEKEM d'ACOZ
Director
since 2023 · until 2029
Lionel SURMONT
Director
since 2023 · until 2025
Pierre HERMANT
Chairman of the board
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, BRUSERVICES
since 2023 · until 2029
Béatrice DE MAHIEU
Director
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, Brusoc by finance&invest.brussels, TRIVIDEND - VLAAMS PARTICIPATIEFONDS VOOR DE SOCIALE ECONOMIE, The Shift
since 2026 · until 2029
Franc BOGOVIC
Director
since 2023 · until 2025
Najar LAHOUARI
Director
since 2024 · until 2029
Shareholders
55.6%
Participations
14.8%
14.2%
11.1%
11%
10.7%
10.4%
10%
5.4%
1.1%
0.1%
Establishments
Establishment units
Physical locations of this company
Wolstraat 70
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 81 companies are registered at this address.
All companies at this address →finance&invest.brussels same network
€ 20,250 revenue · 2025
IMMOWEB
€ 61.3 million revenue · 2025
KORN FERRY (BE)
€ 23.5 million revenue · 2025
BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING same network
€ 717,081 revenue · 2025
BRUSERVICES same network
+76 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.925.797
- VAT number
- BE 0448.925.797
- Registered office
- Wolstraat 70, 1000 Brussel
- Names & denominations
- BRUSTART BY FINANCE&INVEST.BRUSSELS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1992
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Holdings