Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BRS Solutions from Wellen, company number BE0888600766, closed financial year 2025 with a result of € -1.3 million after tax. For that financial year BRS Solutions recorded revenue of € 5.6 million and equity of € -1.2 million. Compared with financial year 2024, the result moved from € -465,806 to € -1.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ -1.2 million
▼ € 1.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.3 million
▼ 171 % more loss than in 2024
Profit after tax over the fiscal year.
€ 28,790
▲ 200% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
People and assets in 2025
25.6
▲ 6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 45% vs 2024
€ 62,200 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.
€ 594
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125,000
Loans from banks and other lenders, long and short.
€ 926,020
▲ € 773,085 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 154,825
▲ 62% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,506,681 | € 4,800,502 | € 4,947,490 | € 5,590,992 | ▲ 13% |
| Gross margin | € 826,261 | € 744,398 | € 675,099 | € 465,108 | ▼ 31% |
| Profit after taxes | € 1,258 | € -393,493 | € -465,806 | € -1,264,053 | ▼ € 798,247 |
| Equity | € 960,438 | € 566,945 | € 101,139 | € -1,162,913 | ▼ € 1.3 million |
| Total debts | € 846,854 | € 1,143,575 | € 1,638,809 | € 2,817,791 | ▲ 72% |
| Cash | € 208,948 | € 38,631 | € 9,588 | € 28,790 | ▲ 200% |
| Retained profit | € -239,562 | € -633,055 | € -1,098,861 | € -2,362,913 | ▼ € 1.3 million |
| Bank debt | € 0 | € 0 | € 0 | € 125,000 | |
| Balance sheet total | € 1,807,292 | € 1,710,520 | € 1,739,948 | € 1,654,878 | ▼ 5% |
| Employees (FTE) | 20.3 | 19.2 | 19.6 | 25.6 | ▲ 6 |
Key figures of BRS Solutions, 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 BRS Solutions?
What happened at BRS Solutions in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cedric DE MOL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.3 million. Source: NBB ↗
- Stijn GROMMEN stepped down as director. NBB
- Geert RAES stepped down as director. NBB
- Stijn GROMMEN became a director. NBB
- Fernando UNGARO became a director. NBB
- Cedric DE MOL became a director. NBB
- Geert RAES became a director. NBB
In short
From € 1,258 profit in 2022 to € 1.3 million loss in 2025.
Paid € 94,524 in corporate taxes since 2022.
Best year ever: 2022, with € 1,258 profit.
On average € 18,200 of value added per employee in 2025.
Management
The stake of Finastra, MATRAFOAM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BRS SolutionsBehind BRS Solutions is Fernando UNGARO. The shares are held by Finastra (100%) and MATRAFOAM (0%).
Directors
According to the 2025 annual accounts
since 2023
since 2023 · until 2026
Cedric DE MOL
Director
Also active at: Mardo - Dovarco, Finastra, Belgian Bedding, Koninklijke Sporting Club Lokeren, Sporting Lokeren Academy, Helvetic Bedding
since 2023 · until 2029
Geert RAES
Director
since 2023 · until 2025
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bodemstraat 12
3830 Wellen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0888.600.766
- VAT number
- BE 0888.600.766
- Registered office
- Bodemstraat 12, 3830 Wellen
- Names & denominations
- BRS Solutions
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 April 2007
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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