B&R Development
ActiveB&R Development has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.28M) and a net result of €-838k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9107 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
7
/ 100
Critical▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency37▼-2
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.77 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-18.1%
Return on assets
-11.8%
Age of the figures
9 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.3M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
24 d early
2023
28 d early
2022
31 d early
2021
30 d early
2020
36 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-1.28M▼ 189%
2024 · €-443k
2018: €74k
2019: €804k
2020: €389k
2021: €224k
2022: €-733k
2023: €220k
2024: €-443k
2018 → 2025
Total assets
€7.09M▼ 7.3%
2024 · €7.64M
2018: €8.02M
2019: €9.25M
2020: €8.41M
2021: €10.73M
2022: €7.12M
2023: €7.46M
2024: €7.64M
2018 → 2025
Net result
€-838k▼ 26.4%
2024 · €-663k
2018: €145k
2019: €-20k
2020: €-415k
2021: €-165k
2022: €-957k
2023: €954k
2024: €-663k
2018 → 2025
Working capital
€-2.66M▼ 46.4%
2024 · €-1.82M
2018: €-1.25M
2019: €-534k
2020: €-929k
2021: €-1.12M
2022: €-2.11M
2023: €-1.10M
2024: €-1.82M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€-733k€220k€-443k€-1.28M▼ 189%
Operating result€7k-€-754k€1.43M€-41k€-504k▼ 1,127%
Net result€-165k-€-957k▼ 480%€954k€-663k€-838k▼ 26.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €504k in 2025 against €41k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.09M
Fixed assets
€1.38M▲ 0.4%
Current assets
€5.71M▼ 8.9%
Key figures and ratios
EBITDA
€-504k
Cash flow
€-838k
Solvency
-18.1%▼
2024 · -5.8%
Current ratio
0.68▼
2024 · 0.77
Quick ratio
0.11▼
2024 · 0.13
Debt / equity
-6.53▲
2024 · -18.26
ROE
65.4%▼
2024 · 149.8%
ROA
-11.8%▼
2024 · -8.7%
Interest coverage
-1.52
Debt
€8.37M▲
2024 · €8.09M
Debt ≤ 1 year
€8.37M▲
2024 · €8.09M
Income taxes
€1k▼
2024 · €245k
Staff costs
€600k▼
2024 · €740k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.64M€7.09M▼
Fixed assets21/28€1.38M€1.38M▲
Tangible fixed assets22/27-€2k
Plant, machinery and equipment23-€2k
Financial fixed assets28€1.38M€1.38M▲
Current assets29/58€6.27M€5.71M▼
Stocks and contracts in progress3€5.25M€4.77M▼
Contracts in progress37€5.25M€4.77M▼
Amounts receivable within one year40/41€964k€905k▼
Trade receivables40€935k€891k▼
Other amounts receivable41€29k€14k▼
Cash at bank and in hand54/58€35k€31k▼
Deferred charges and accrued income490/1€20k€0▼
Equity and liabilities
Total equity and liabilities10/49€7.64M€7.09M▼
Equity10/15€-443k€-1.28M▼
Contributions10/11€875k€875k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-1.33M€-2.17M▼
Amounts payable17/49€8.09M€8.37M▲
Amounts payable within one year42/48€8.09M€8.37M▲
Financial debts43€2.10M€2.10M=
Credit institutions430/8€2.10M€2.10M=
Trade debts44€540k€313k▼
Suppliers440/4€540k€313k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€81k€65k▼
Taxes450/3€2k€1k▼
Remuneration and social security454/9€79k€64k▼
Other amounts payable47/48€5.37M€5.89M▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€740k€600k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€215
Other operating charges640/8€3k€3k▲
Gross operating margin9900€702k€99k▼
Operating profit (loss)9901€-41k€-504k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€377k€333k▼
Recurring financial charges65€377k€333k▼
Non-recurring financial charges66B€1€167▲
Profit (loss) for the period before taxes9903€-418k€-837k▼
Income taxes67/77€245k€1k▼
Profit (loss) for the period9904€-663k€-838k▼
Profit (loss) for the period to be appropriated9905€-663k€-838k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.33M€-2.17M▼
Profit (loss) brought forward from the previous period14P€-667k€-1.33M▼
Social balance
Average headcount (FTE)90878.36.2▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €954k
Net result €954k after 4 loss-making years.
31-12
Financial
Equity above €200kEq €220k
Equity rises from €-733k to €220k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-957k
Net result drops to €-957k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
23-01
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2019
31-12
Financial
Equity above €500kEq €804k ▲984%
Equity rises from €74k to €804k.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
03-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2010
23-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-01-2026
Komart Beheer: Resigned as Director
21-01-2026
Komart Beheer: Resigned as Managing director
06-12-2024
PROJECTMANAGEMENT: Resigned as Director
19-10-2023
B & R: Resigned as Director
19-10-2023
K.M.C. Services: Resigned as Director
19-10-2023
LEFICO: Resigned as Director
30-12-2022
EB MANAGEMENT: Resigned as Director
19-06-2020
EB Management: Resigned as Manager
11-01-2010
Eddy Bruyninckx: Resigned as Manager
Location & real-estate footprint
Registered office, Arendonk · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoge Mauw 15102370 ArendonkGround area
4,994 m²
Building footprint
391 m²
Parcel 13322C1203/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
B&R Development bvba
since 20032.123.659.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322C1203/00E000 | Flanders | 4,994 m² | 1 · 391 m² | 0.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
16 connected companiesNetwork connections
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Ownership & control
1 partyB&R DevelopmentBE 0479.139.319
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,328. 5,266 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2002
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
68122Development of non-residential building projects
68322Real estate appraisal on a fee or contract basis
70112
70312
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.