B.R.G.
ActiveB.R.G. has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €150k and a net result of €-55k. Equity is growing by ~79% per year across the filed fiscal years. Its solvency ranks better than 81% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-86
Solvency100▲+12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.44 against 2.37 in 2023; short-term debt: 25.3% and cash: 17.3% of total assets), and 25.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
74.7%
Return on assets
-27.4%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
34 d early
2022
5 d early
2021
9 d late
2020
12 d late
2019
10 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€150k▼ 26.8%
2023 · €205k
2018: €3k
2019: €28k
2020: €36k
2021: €63k
2022: €159k
2023: €205k
2018 → 2024
Total assets
€201k▼ 38.0%
2023 · €324k
2018: €10k
2019: €58k
2020: €71k
2021: €105k
2022: €275k
2023: €324k
2018 → 2024
Net result
€-55k
2023 · €45k
2018: €3k
2019: €24k
2020: €8k
2021: €27k
2022: €96k
2023: €45k
2018 → 2024
Working capital
€124k▼ 23.5%
2023 · €162k
2018: €4k
2019: €27k
2020: €25k
2021: €46k
2022: €147k
2023: €162k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€36k-€63k▲ 76.8%€159k▲ 152%€205k▲ 28.5%€150k▼ 26.8%
Operating result€12k-€49k▲ 311%€151k▲ 206%€71k▼ 53.4%€-58k
Net result€8k-€27k▲ 244%€96k▲ 251%€45k▼ 52.8%€-55k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €58k after €71k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201k
Fixed assets
€26k▼ 39.5%
Current assets
€175k▼ 37.8%
Equity and liabilities €201k
Equity
€150k▼ 26.8%
Debt
€51k▼ 57.3%
The debt ratio falls from 36.7% to 25.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-40k▼
2023 · €82k
Cash flow
€-37k▼
2023 · €57k
Solvency
74.7%▲
2023 · 63.3%
Current ratio
3.44▲
2023 · 2.37
Quick ratio
3.44▲
2023 · 2.37
Debt / equity
0.34▼
2023 · 0.58
ROE
-36.7%▼
2023 · 22.2%
ROA
-27.4%▼
2023 · 14.0%
Interest coverage
-40.98▼
2023 · 48.16
Debt
€51k▼
2023 · €119k
Debt ≤ 1 year
€51k▼
2023 · €119k
Income taxes
€0▼
2023 · €25k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€324k€201k▼
Fixed assets21/28€42k€26k▼
Tangible fixed assets22/27€42k€26k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€38k€23k▼
Current assets29/58€281k€175k▼
Amounts receivable within one year40/41€189k€140k▼
Trade receivables40€143k€70k▼
Other amounts receivable41€46k€71k▲
Cash at bank and in hand54/58€93k€35k▼
Equity and liabilities
Total equity and liabilities10/49€324k€201k▼
Equity10/15€205k€150k▼
Contributions10/11€19k€19k=
Reserves13€186k€179k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€184k€177k▼
Profit (loss) carried forward14-€-48k
Amounts payable17/49€119k€51k▼
Amounts payable within one year42/48€119k€51k▼
Trade debts44€45k€26k▼
Suppliers440/4€45k€26k▼
Taxes, remuneration and social security45€74k€25k▼
Taxes450/3€74k€25k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€18k▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€87k€-37k▼
Operating profit (loss)9901€71k€-58k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€2k€971▼
Recurring financial charges65€2k€971▼
Profit (loss) for the period before taxes9903€70k€-55k▼
Income taxes67/77€25k€0▼
Profit (loss) for the period9904€45k€-55k▼
Profit (loss) for the period to be appropriated9905€45k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-55k▼
Transfer from equity791/2-€7k
Transfer to equity691/2€45k-
To other reserves6921€45k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-55k ▼221%
Net result drops to €-55k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €205k ▲28.5%
6 profitable years in a row build equity to €205k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €96k ▲251%
Operating result €151k, net result €96k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲152%
5 profitable years in a row build equity to €159k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2010
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.
Elzenstraat 32381 RavelsGround area
110 m²
Parcel 13048A0418/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
B.R.G.
since 20102.187.846.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0418/00M000 | Flanders | 110 m² | - | - |
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.
Similar companies · same sector, comparable size
KDC BOUWWERKEN
BE 0833.797.944
Maarkedal · Eq €150k
WENS BERNARD
BE 0463.401.959
Essen · Eq €150k
COREMANS NATAN
BE 0691.739.167
Roeselare · Eq €149k
Entreprise DE SOUSA FERNANDES
BE 0443.937.821
Libramont-Chevigny · Eq €149k
DAVID & DAVID CONSTRUCT
BE 0899.341.735
Estaimpuis · Eq €151k
Of 4,013 companies in sector 43310 we hold annual accounts for 1,745. 1,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2010
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
46130Agents in the wholesale of timber and building materials
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.