Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
EPSAD from Braine-l'Alleud, company number BE0453054336, closed financial year 2024 with a result of € -22,955 after tax. For that financial year EPSAD recorded a gross margin of € 21,143 and equity of € 129,023. Compared with financial year 2023, the result moved from € 35,534 to € -22,955. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2025.
€ 129,023
▼ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,955
▼ still € 35,534 profit in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -325,489.
People and assets in 2024
€ 2,480
▼ 36% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 321,621
▼ 14% vs 2023
€ 49,367 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 45,731
▲ 270% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 19,426
▼ 22% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 48,225 | € 54,833 | € 83,941 | € 21,143 | ▼ 75% |
| Profit after taxes | € 19,903 | € 694 | € 35,534 | € -22,955 | ▼ € 58,490 |
| Equity | € 115,751 | € 116,444 | € 151,979 | € 129,023 | ▼ 15% |
| Total debts | € 611,534 | € 586,850 | € 508,356 | € 481,485 | ▼ 5% |
| Cash | € 2,580 | € 724 | - | - | |
| Land & buildings | € 695,592 | € 669,640 | € 605,687 | € 579,734 | ▼ 4% |
| Retained profit | € -338,762 | € -338,068 | € -302,534 | € -325,489 | ▼ € 22,955 |
| Bank debt | € 453,960 | € 408,526 | € 372,371 | € 321,621 | ▼ 14% |
| Balance sheet total | € 727,285 | € 703,295 | € 660,335 | € 610,509 | ▼ 8% |
Key figures of EPSAD, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EPSAD?
What happened at EPSAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 22,955 (▼ € 58,490 vs 2023). Source: NBB ↗
- EMMANUEL BRAUMAN became a director. NBB
- ADY BRAUMAN became a director. NBB
- LINA AZOUZ became a director. NBB
- New establishment in Sint-Agatha-Berchem. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,903 profit in 2021 to € 22,955 loss in 2024.
Paid € 15,844 in corporate taxes since 2021.
Best year ever: 2023, with € 35,534 profit.
A new publication or filing at EPSAD? We notify you, reason included.
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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
Behind EPSAD are EMMANUEL BRAUMAN, ADY BRAUMAN and LINA AZOUZ. ADY BRAUMAN is also behind STOCK LITERIE VENTE D'USINE.
Directors
According to the 2024 annual accounts
EMMANUEL BRAUMAN
Director
since 2019
since 2019
LINA AZOUZ
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Chaussée d'Alsemberg 370
1420 Braine-l'Alleud
Maricollendreef 107
1082 Sint-Agatha-Berchem
Active since 24 August 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.054.336
- VAT number
- BE 0453.054.336
- Registered office
- Chaussée d'Alsemberg 370, 1420 Braine-l'Alleud
- Names & denominations
- EPSAD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1994
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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