Financials
Financial year 2025
Brave 2020 from Gent, company number BE0742858365, closed financial year 2025 with a result of € 96,721 after tax. For that financial year Brave 2020 recorded a gross margin of € 287,231 and equity of € 123,045. Compared with financial year 2024, the result moved from € 210,566 to € 96,721. The company is profitable. The buffer shrank hard: equity is 53 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 123,045
▼ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,721
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 201,191
▲ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 235,294 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 47,487
▲ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▲ € 790,357 vs 2024
€ 57,298 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 6,308
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 77,224
▲ 61% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,614 | € 181,174 | € 308,219 | € 287,231 | ▼ 7% |
| Profit after taxes | € 823 | € 116,562 | € 210,566 | € 96,721 | ▼ 54% |
| Equity | € 28,608 | € 145,170 | € 261,618 | € 123,045 | ▼ 53% |
| Total debts | € 267,807 | € 266,011 | € 343,901 | € 1,305,581 | ▲ 280% |
| Cash | € 27,581 | € 52,795 | € 111,295 | € 201,191 | ▲ 81% |
| Land & buildings | € 249,182 | € 248,063 | € 235,839 | € 1,023,127 | ▲ € 787,288 |
| Retained profit | € 23,608 | € 140,170 | € 256,618 | € 118,045 | ▼ 54% |
| Dividend | € 0 | € 0 | € 94,118 | € 235,294 | ▲ 150% |
| Bank debt | € 244,032 | € 242,556 | € 231,461 | € 1,021,818 | ▲ € 790,357 |
| Balance sheet total | € 296,415 | € 411,181 | € 605,519 | € 1,428,626 | ▲ 136% |
Key figures of Brave 2020, 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 Brave 2020?
What happened at Brave 2020 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,721 (▼ 54% vs 2024). Source: NBB ↗
- Gerrit Nollet became a director. NBB
- New establishment in Gent. KBO
- Veerle Bracke became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 823 profit in 2022 to € 96,721 profit in 2025.
Paid € 133,969 in corporate taxes since 2022.
Best year ever: 2024, with € 210,566 profit.
Paid out € 329,412 in dividends to the owners in total.
Management
Behind Brave 2020 are Veerle Bracke and Gerrit Nollet. Veerle Bracke is also behind BEGONIA REIZEN. Gerrit Nollet is also behind Willemot Bijzonder Verzekeringsbestuur.
Directors
According to the 2025 annual accounts
since 2020
since 2021
Establishments
Establishment units
Physical locations of this company
Pijkestraat 132
9041 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0742.858.365
- VAT number
- BE 0742.858.365
- Registered office
- Pijkestraat 132, 9041 Gent
- Names & denominations
- Brave 2020
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2020
- Peppol
- Active · Active since 18 Jul 2025
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