Equity
Equity fell by 79% in 5 years.
Equity fell by 79% in 5 years.
Four of the last ten came late. The 2017 accounts came latest: 58 days after the end of the period.
Higher solvency than 86% of companies in real estate. Sector median 30.7% · 11,297 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 91% of them on solvency, 87% on liquidity, 4% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 4,805 companies had the same profile as BCL Projects has now. Each dot stands for 13 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BCL Projects itself is lower: 0.3% within 12 months. It rests on far more data about BCL Projects than the profile alone.
The method was tested on the 497,447 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 4,805 companies, not a prediction for BCL Projects. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 5.1 (9.34 in 2024), above the usual 1.5. Short-term debt is 18% and cash 29% of total assets. 18% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BCL Projects Antwerp | €22,239 | -€11,960 | 82.0% | - |
| Beta Engineering Kapellen | €23,709 | -€56,638 | -215.8% | - |
| MILARID Ninove | €20,407 | €0 | -16.5% | - |
| KDP Futuro Herzele | €19,809 | €396 | -2540.9% | - |
| VABRISTONE Pelt | €22,650 | -€1,996 | 65.7% | - |
| REDCAPITAL Ixelles | €22,113 | -€4,728 | 59.0% | - |
| DE WOONFABRIEK Beernem | €26,068 | -€3,707 | 90.0% | - |
These companies have the same main activity as BCL Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €19,800 and €26,100, founded between 2006 and 2010.
BCL Projects files the abbreviated format. That format states no turnover. The gross margin rose from -€26,661 in 2009 to -€11,960 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Amounts without an identifiable currency are taken as euros.
Higher than 86% of 11,297 companies in 2025.
Higher than 84% of 10,849 companies in 2025.
Lower than 95% of 11,182 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
22,239 | 35,673 | 34,130 | 56,963 | 95,823 | 102,955 | 82,810 | 47,025 | 40,390 | 33,615 | 37,683 | 52,913 | 62,817 | 82,104 | 140,603 | 389,121 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | 239 | 526 | 813 | 1,100 | |
21/28 |
1,860 | 2,697 | 3,992 | 5,715 | 7,438 | 5,495 | 731 | 894 | 367 | 459 | 551 | 7,438 | 14,563 | 11,735 | 14,769 | 1,433 | |
22/27 |
1,860 | 2,697 | 3,992 | 5,715 | 7,438 | 5,495 | 731 | 894 | 367 | 459 | 551 | 7,438 | 14,324 | 11,209 | 13,956 | 333 | |
24 |
1,860 | 2,697 | 3,992 | 5,715 | 7,438 | 5,495 | 639 | - | - | - | - | 6,795 | 13,589 | 10,383 | 13,956 | 333 | |
26 |
- | - | - | - | - | - | 92 | 894 | 367 | 459 | 551 | 643 | 735 | 826 | - | - | |
29/58 |
20,379 | 32,975 | 30,138 | 51,248 | 88,386 | 97,460 | 82,079 | 46,131 | 40,023 | 33,156 | 37,132 | 45,475 | 48,254 | 70,369 | 125,834 | 387,688 | |
29 |
5,000 | 10,000 | 25,000 | 45,000 | 55,000 | 40,000 | 40,000 | - | - | - | - | - | - | - | - | - | |
291 |
5,000 | 10,000 | 25,000 | 45,000 | 55,000 | 40,000 | 40,000 | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 384,333 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 384,333 | |
40/41 |
8,890 | 1,224 | 3,130 | 4,256 | 3,654 | 7,421 | 9,380 | 39,154 | 38,777 | 29,173 | 3,135 | 2,424 | 1,181 | 3,978 | 1,338 | 1,657 | |
40 |
8,309 | - | 3,130 | 3,187 | 3,262 | - | 3,890 | 3,886 | 4,898 | 3,390 | 2,500 | 2,000 | - | 2,936 | 1,308 | - | |
41 |
581 | 1,224 | - | 1,069 | 392 | 7,421 | 5,490 | 35,268 | 33,879 | 25,783 | 635 | 424 | 1,181 | 1,042 | 30 | 1,657 | |
50/53 |
- | - | - | - | - | 869 | 869 | 869 | 832 | 832 | 1,105 | 16,061 | 16,061 | 15,583 | 9,423 | - | |
54/58 |
6,447 | 20,837 | 648 | 668 | 28,441 | 47,619 | 31,831 | 6,108 | 414 | 3,151 | 32,892 | 26,990 | 31,012 | 49,655 | 114,921 | 177 | |
490/1 |
41 | 914 | 1,360 | 1,324 | 1,291 | 1,551 | - | - | - | - | - | - | - | 1,153 | 152 | 1,521 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
22,239 | 35,673 | 34,130 | 56,963 | 95,823 | 102,955 | 82,810 | 47,025 | 40,390 | 33,615 | 37,683 | 52,913 | 62,817 | 82,104 | 140,603 | 389,121 | |
10/15 |
18,247 | 32,141 | 28,527 | 50,652 | 77,816 | 88,986 | 75,093 | 46,036 | 40,109 | 32,494 | 17,250 | 30,292 | 31,659 | 49,180 | 55,694 | 50,652 | |
10/11 |
85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | |
10 |
85,000 | 85,000 | 85,000 | 85,000 | 85,000 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
101 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
13 |
3,986 | 3,986 | 3,986 | 3,986 | 3,986 | 3,986 | - | - | - | - | - | - | - | - | - | - | |
133 |
3,986 | 3,986 | 3,986 | 3,986 | 3,986 | 3,986 | - | - | - | - | - | - | - | - | - | - | |
14 |
-70,739 | -56,844 | -60,459 | -38,334 | -11,170 | - | -9,907 | -38,964 | -44,891 | -52,506 | -67,750 | -54,708 | -53,341 | -35,820 | -29,306 | -34,348 | |
17/49 |
3,992 | 3,531 | 5,603 | 6,311 | 18,007 | 13,969 | 7,717 | 989 | 281 | 1,121 | 20,433 | 22,621 | 31,158 | 32,924 | 84,909 | 338,469 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,411 | 8,070 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,411 | 8,070 | - | |
42/48 |
3,992 | 3,531 | 5,003 | 6,311 | 18,007 | 13,969 | 7,717 | 989 | 281 | 449 | 19,762 | 22,621 | 31,158 | 30,513 | 76,839 | 338,469 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,411 | 5,658 | 5,481 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 309,144 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 279,144 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | 30,000 | |
44 |
3,741 | 1,411 | 2,152 | 4,984 | 5,586 | 1,628 | 4,179 | 989 | 281 | 449 | 698 | 4,050 | 1,139 | 2,067 | 232 | 21,635 | |
440/4 |
3,741 | 1,411 | 2,152 | 4,984 | 5,586 | 1,628 | 4,179 | 989 | 281 | 449 | 698 | 4,050 | 1,139 | 2,067 | 232 | 21,635 | |
46 |
- | - | - | - | - | - | - | - | - | - | 3,025 | - | - | - | - | - | |
45 |
251 | 1,424 | 1,728 | 1,327 | 11,146 | 12,341 | 3,538 | - | - | - | 534 | 517 | 388 | - | 44,128 | - | |
450/3 |
251 | 1,424 | 1,728 | 1,327 | 11,146 | 12,341 | 3,538 | - | - | - | 534 | 517 | 388 | - | 44,128 | - | |
47/48 |
- | 697 | 1,123 | - | 1,275 | - | - | - | - | - | 15,505 | 18,054 | 27,220 | 22,788 | 16,998 | 7,690 | |
492/3 |
- | - | 600 | - | - | - | - | - | - | 672 | 671 | - | - | - | - | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 332 | |
9900 |
-11,960 | 4,570 | -19,163 | -23,314 | -6,601 | 22,476 | 11,826 | 4,002 | 5,124 | 14,275 | -3,540 | 6,434 | -10,373 | -955 | 21,440 | -26,661 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27,093 | |
630 |
837 | 1,295 | 1,723 | 1,723 | 1,667 | 626 | 561 | 401 | 92 | 92 | 6,887 | 7,125 | 7,173 | 3,951 | 3,970 | 626 | |
640/8 |
948 | 223 | 1,292 | 1,736 | 1,806 | 2,328 | 500 | 510 | 679 | 762 | 1,252 | 858 | 742 | 1,521 | 1,173 | 524 | |
9901 |
-13,745 | 3,051 | -22,178 | -26,773 | -10,074 | 19,522 | 10,766 | 3,092 | 4,353 | 13,421 | -11,679 | -1,549 | -18,288 | -6,427 | 16,297 | -27,811 | |
75/76B |
192 | 438 | 899 | 1,250 | 1,380 | 1,668 | 1,180 | 2,908 | 3,301 | 2,134 | 541 | 380 | 1,103 | 302 | 43 | 166 | |
75 |
192 | 438 | 899 | 1,250 | 1,380 | 1,668 | 1,180 | 2,908 | 3,301 | 2,134 | 541 | 380 | 1,103 | 302 | 43 | 166 | |
65/66B |
341 | 528 | 320 | 672 | 1,671 | 459 | 86 | 73 | 39 | 310 | 1,932 | 198 | 272 | 389 | 11,298 | 6,703 | |
65 |
341 | 528 | 320 | 672 | 1,671 | 459 | 86 | 73 | 39 | 310 | 1,932 | 198 | 272 | 389 | 11,298 | 6,703 | |
9903 |
-13,894 | 2,960 | -21,599 | -26,194 | -10,366 | 20,731 | 11,860 | 5,927 | 7,615 | 15,245 | -13,070 | -1,367 | -17,457 | -6,514 | 5,042 | -34,348 | |
67/77 |
- | -654 | 526 | 970 | 804 | 6,839 | 3,666 | - | - | 1 | -28 | - | 64 | - | - | - | |
9904 |
-13,894 | 3,615 | -22,125 | -27,164 | -11,170 | 13,892 | 8,194 | 5,927 | 7,615 | 15,244 | -13,042 | -1,367 | -17,521 | -6,514 | 5,042 | -34,348 | |
9905 |
-13,894 | 3,615 | -22,125 | -27,164 | -11,170 | 13,892 | 8,194 | 5,927 | 7,615 | 15,244 | -13,042 | -1,367 | -17,521 | -6,514 | 5,042 | -34,348 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-70,739 | -56,844 | -60,459 | -38,334 | -11,170 | 3,986 | -9,907 | -38,964 | -44,891 | -52,506 | -67,750 | -54,708 | -53,341 | -35,820 | -29,306 | -34,348 | |
14P |
-56,844 | -60,459 | -38,334 | -11,170 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 3,986 | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | 3,986 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00339666 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00416919 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00288654 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00367331 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20253213 | |
| 31-12-2020 | micro format | 06-08-2021 | 2021-46700012 | |
| 31-12-2019 | micro format | 22-07-2020 | 2020-33900526 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-66300020 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-32900404 | |
| 31-12-2015 | abbreviated format | 25-07-2016 | 2016-35300044 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-50000572 | |
| 31-12-2013 | abbreviated format | 25-07-2014 | 2014-34400389 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-51800069 | |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-51000421 | |
| 31-12-2010 | abbreviated format | 29-08-2011 | 2011-45700310 | |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-36200137 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -12,908 | 4,346 | -20,455 | -25,050 | -8,407 | 20,148 | 11,326 | 3,493 | 4,445 | 13,513 | -4,792 | 5,576 | -11,115 | -2,476 | 20,267 | -27,185 | ||
| -13,058 | 4,910 | -20,402 | -25,441 | -9,502 | 14,518 | 8,754 | 6,328 | 7,707 | 15,336 | -6,155 | 5,758 | -10,348 | -2,563 | 9,012 | -33,722 | ||
| 0 | 0 | 0 | 0 | 3,611 | 5,389 | 799 | 927 | 0 | 0 | 0 | 0 | 10,000 | 917 | 17,306 | 625 | ||
| -14,390 | 20,190 | -20 | -27,773 | -19,178 | 15,789 | - | 5,694 | -2,737 | -29,741 | 5,902 | -4,022 | -18,643 | -65,266 | 114,744 | - | ||
| 16,386 | 29,444 | 25,134 | 44,937 | 70,378 | 83,491 | 74,362 | 45,142 | 39,742 | 32,707 | 17,370 | 22,854 | 17,096 | 39,856 | 48,995 | 49,219 | ||
| 82.0% | 90.1% | 83.6% | 88.9% | 81.2% | 86.4% | 90.7% | 97.9% | 99.3% | 96.7% | 45.8% | 57.2% | 50.4% | 59.9% | 39.6% | 13.0% | ||
| 5.10 | 9.34 | 6.02 | 8.12 | 4.91 | 6.98 | 10.64 | 46.64 | - | 73.84 | 1.88 | 2.01 | 1.55 | 2.31 | 1.64 | 1.15 | ||
| 5.10 | 9.34 | 6.02 | 8.12 | 4.91 | 6.98 | 10.64 | 46.64 | - | 73.84 | 1.88 | 2.01 | 1.55 | 2.31 | 1.64 | 0.01 | ||
| 0.22 | 0.11 | 0.20 | 0.12 | 0.23 | 0.16 | 0.10 | 0.02 | 0.01 | 0.03 | 1.18 | 0.75 | 0.98 | 0.67 | 1.52 | 6.68 | ||
| -76.1% | 11.2% | -77.6% | -53.6% | -14.4% | 15.6% | 10.9% | 12.9% | 19.0% | 46.9% | -75.6% | -4.5% | -55.3% | -13.2% | 9.1% | -67.8% | ||
| -62.5% | 10.1% | -64.8% | -47.7% | -11.7% | 13.5% | 9.9% | 12.6% | 18.9% | 45.3% | -34.6% | -2.6% | -27.9% | -7.9% | 3.6% | -8.8% | ||
| -37.82 | 8.23 | -63.90 | -37.28 | -5.03 | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1822 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 291 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €3,611 |
| €837 | €1,295 | €1,723 | €1,723 | €1,667 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,745, after a profit of €3,051 in 2024.
Debt's share of the balance-sheet total rises from 9.9% to 18.0%. Equity is lower and debt is higher.
BCL Projects has no parent and no holdings in its annual accounts. BCL Projects shares no director with another company.
| Kaiser Kura
registered office since 07-07-2010 · founded in 2010 |
turnover €103,320 (2025) 0827.603.406 |
| Bruckx
registered office since 26-11-2011 |
founded in 2011 0719.623.697 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Jules Bordetstraat 20 registered office 2018 Antwerp 68110 Buying and selling of own real estate | 05-11-2008 | 2.174.440.981 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1307/00T009 | 863 m² | 1 · 398 m² | 14.5 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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 0807.686.237
If something looks wrong or is missing, please tell us.