BBR
ActiveSummary
BBR has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €1,986. Equity has been stable since 2018 (±0.4% per year). Its solvency ranks better than 95% of 365 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-12-2006 Normal situation
- Activity
- Manufacture of other non-metallic mineral products NACE 23630and 3 others
- Establishment unit
- 2.158.104.203 9600 Ronse, since 08-12-2006
- Financial year end
- 30 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- DE VREESE MATHIAS Comm. VManaging director
- de Vreese FilipDirector · since 12-06-2024
- De Vreese Invest100%· score 902025 annual accounts of De Vreese Invest
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €77,440
- =
- Turnover
- ≈ €210,000
- estimated
- Profit
- €1,986
- ▼ 81.2%
- Equity
- €1.3m
- ▲ 0.2%
- Total assets
- €1.3m
- ▼ 0.1%
Score breakdownraises riskLiquidity: current ratio 269.26, cash €20,008, halvedlowers riskSize: total assets €1.3mEquity €1.3m (99.7% of total assets)Figures for financial year 2025 (filed on 22-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, micro). It does better than 89% of them on solvency, 50% on liquidity, 42% on profitability and 37% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is a loss of €289, larger than the loss of €85 in 2024.
The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-12-2021 | 30-12-2022 | 30-12-2023 | 30-12-2024 | 30-12-2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €13,392 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €143,260 | €105,690 | €78,378 | €70,472 | €70,472 | €70,472 | €70,472 | €70,472 | = |
| Other operating charges640/8 | - | - | - | €7,742 | €18,480 | €6,927 | €7,052 | €7,257 | ▲ 2.9% |
| Gross operating margin9900 | €149,053 | €118,930 | €77,755 | €74,297 | €90,773 | €77,710 | €77,440 | €77,440 | = |
| Operating profit (loss)9901 | -€917 | €5,307 | -€336 | -€3,917 | €1,821 | €311 | -€85 | -€289 | ▼ 242% |
| Financial income75/76B | - | - | - | €6,685 | €10,546 | €12,902 | €14,626 | €8,217 | ▼ 43.8% |
| Recurring financial income75 | €10,593 | €4,584 | €4,190 | €6,685 | €10,546 | €12,902 | €14,626 | €8,217 | ▼ 43.8% |
| Financial charges65/66B | - | - | - | €2,634 | €359 | €165 | €150 | €197 | ▲ 31.5% |
| Recurring financial charges65 | €6,496 | €4,517 | €3,038 | €2,634 | €359 | €165 | €150 | €197 | ▲ 31.5% |
| Profit (loss) for the period before taxes9903 | €3,181 | €5,374 | €816 | €134 | €12,008 | €13,048 | €14,391 | €7,730 | ▼ 46.3% |
| Income taxes67/77 | €80 | €1,413 | - | €36 | €3,205 | €3,482 | €3,841 | €5,744 | ▲ 49.6% |
| Profit (loss) for the period9904 | €3,101 | €3,961 | €816 | €98 | €8,803 | €9,565 | €10,551 | €1,986 | ▼ 81.2% |
| Profit (loss) for the period to be appropriated9905 | €3,101 | €3,961 | €816 | €98 | €8,803 | €9,565 | €10,551 | €1,986 | ▼ 81.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.4m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 0.1% |
| Fixed assets21/28 | €0.8m | €0.6m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | ▼ 30.7% |
| Tangible fixed assets22/27 | €0.8m | €0.6m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | ▼ 30.7% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | ▼ 30.7% |
| Current assets29/58 | €0.6m | €0.8m | €0.8m | €0.8m | €0.9m | €1.0m | €1.1m | €1.1m | ▲ 6.5% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.4m | €0.5m | €0.9m | €0.9m | €1.0m | €1.1m | ▲ 10.7% |
| Trade receivables40 | - | - | - | €0.07m | €0.05m | €0.05m | €0.04m | €0.09m | ▲ 118% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.8m | €0.8m | €1.0m | €1.0m | ▲ 6.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.4m | €0.4m | €0.4m | €0.03m | €0.09m | €0.06m | €0.02m | ▼ 65.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 0.1% |
| Equity10/15 | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 0.2% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.2% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.2% |
| Profit (loss) carried forward14 | €0.004m | €0.003m | €0.004m | €0.004m | €287 | €353 | €403 | €390 | ▼ 3.4% |
| Amounts payable17/49 | €0.1m | €0.09m | €0.04m | €0.02m | €0.009m | €0.007m | €0.008m | €0.004m | ▼ 46.1% |
| Amounts payable after more than one year17 | €0.07m | €0.04m | €0.01m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.04m | €0.05m | €0.03m | €0.02m | €0.009m | €0.007m | €0.008m | €0.004m | ▼ 46.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | - | - | - | - | - |
| Trade debts44 | €0.007m | €0.007m | €0.002m | €96 | €0.001m | €0.001m | €0.001m | - | - |
| Suppliers440/4 | - | - | - | €96 | €0.001m | €0.001m | €0.001m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.007m | €0.007m | €0.007m | €0.004m | ▼ 41.7% |
| Taxes450/3 | - | - | - | €0.006m | €0.007m | €0.007m | €0.007m | €0.004m | ▼ 41.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,101 | €3,961 | €816 | €98 | €8,803 | €9,565 | €10,551 | €1,986 | ▼ 81.2% |
| + Depreciation and write-downs630 | €143,260 | €105,690 | €78,378 | €70,472 | €70,472 | €70,472 | €70,472 | €70,472 | = |
| Operating cash flow (approximation) | €146,361 | €109,652 | €79,194 | €70,570 | €79,275 | €80,038 | €81,023 | €72,458 | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | €101,017 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €199,855 | €36,598 | -€57,240 | -€317,126 | €55,242 | -€30,292 | -€37,896 | ▼ 25.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,049 companies had the same profile as BBR has now. Two years later, 96.0% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of BBR itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for BBR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-12-2025 | full format | 22-07-2026 | 2026-00325034 | |
| 30-12-2024 | abbreviated format | 30-06-2025 | 2025-00225276 | |
| 30-12-2023 | abbreviated format | 25-06-2024 | 2024-00173283 | |
| 30-12-2022 | abbreviated format | 13-06-2023 | 2023-00133335 | |
| 30-12-2021 | abbreviated format | 02-08-2022 | 2022-20270348 | |
| 30-12-2020 | abbreviated format | 15-06-2021 | 2021-20000093 | |
| 30-12-2019 | abbreviated format | 10-06-2020 | 2020-16900510 | |
| 30-12-2018 | abbreviated format | 03-07-2019 | 2019-27800557 | |
| 30-12-2017 | abbreviated format | 12-06-2018 | 2018-18500409 | |
| 30-12-2016 | abbreviated format | 30-06-2017 | 2017-25900115 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- De Vreese Invest
- BBR
Owners 1
- De Vreese InvestparentEquity €3.2m Profit of €13,262 in 2025 (profit of €27,221 in 2024) Checked score 90100%
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| de Vreese Filip |
|
| DE VREESE MATHIAS Comm. V |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Jaarvergadering te houden in 2030”
Articles of association, deed of 02-06-2025 (in Dutch)
Network & group
Companies at the same address
4 other companiesConnections & network
2 current directorsThe network starts from the directors of BBR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-06
Gazette deed
Reappointments: de Vreese Filip (director) and DE VREESE MATHIAS Comm. V (director)Permanent representative: de Vreese Mathias5 points ▸
- General meeting, 12-06-2024
- Director reappointment, de Vreese Filip (director)
- Director reappointment, DE VREESE MATHIAS Comm. V (director)
- Permanent representative, de Vreese Mathias
- Director reappointment, DE VREESE MATHIAS Comm. V (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0885.524.183
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45422C1034/00E000 | Flanders | 1.2 ha | 1 · 413 m² | 5.2 m · 1 |