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Bourg 101

Active
Private limited companyfounded 20224 yrs activeMarnixlaan 28, 1000 Brussel, BelgiumKBO/BCE: BE 0779.925.728
Summary

The computed 12-month bankruptcy probability of Bourg 101 is 1.6% (moderate). The 2025 annual accounts show negative equity (-€633,654) and a net result of -€344,877. Equity is shrinking by ~77.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 9354 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability19▲+7
Solvency18▼-4
Growth55▲+33
Track record94
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.39 against 1.56 in 2024; short-term debt: 72% and cash: 15.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
-6.9%
Return on assets
-3.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€633,654
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 · 4 filings
Deviation from the deadline
2025
18 d early
2024
24 d early
2023
on the day
2022
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 15 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 January 2022, Bourg 101 was incorporated as a Private limited company.1 Revenue went from EUR 10,533 in 2023 to EUR 1.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€1.7m▲ 31,009%
2024 · €5,325
EBIT margin
1.6%▲ 1022.5pp
2024 · -1020.9%
Net result
-€344,877▼ 515%
2024 · -€56,106
Working capital
€2.6m▼ 22.2%
2024 · €3.3m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Turnover€10,533€5,325▼ 49.4%€1.7m▲ 31,009%
Operating result€26,497--€211,910-€54,362▲ 74.3%€26,398
Net result-€29,420below the sector's middle half--€213,252below the sector's middle half▼ 625%-€56,106below the sector's middle half▲ 73.7%-€344,877below the sector's middle half▼ 515%
EBIT margin-2011.8%-1020.9%▲ 990.9pp1.6%▲ 1022.5pp
Equity-€19,420below the sector's middle half--€232,672below the sector's middle half▼ 1,098%-€288,777below the sector's middle half▼ 24.1%-€633,654below the sector's middle half▼ 119%
Total assets€7.7mabove the sector's middle half-€8.4mabove the sector's middle half▲ 8.7%€9.2mabove the sector's middle half▲ 9.7%€9.2mabove the sector's middle half▼ 0.5%
Debt€7.8m-€8.7m▲ 11.4%€9.5m▲ 10.1%€9.8m▲ 3.1%
Working capital€2.0mabove the sector's middle half-€2.7mabove the sector's middle half▲ 32.9%€3.3mabove the sector's middle half▲ 24.9%€2.6mabove the sector's middle half▼ 22.2%
Solvency-0.3%below the sector's middle half--2.8%below the sector's middle half▼ 2.5pp-3.1%below the sector's middle half▼ 0.4pp-6.9%below the sector's middle half▼ 3.8pp
Current ratio1.35within the sector's middle half-1.46within the sector's middle half▲ 0.111.56within the sector's middle half▲ 0.101.39within the sector's middle half▼ 0.17
Return on assets (ROA)-0.4%within the sector's middle half--2.5%below the sector's middle half▼ 2.2pp-0.6%within the sector's middle half▲ 1.9pp-3.8%below the sector's middle half▼ 3.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€400,000-€300,000-€200,000-€100,000€0Operating result 2022: €26,497€26,497Net result 2022: -€29,420-€29,420Operating result 2023: -€211,910-€211,910Net result 2023: -€213,252-€213,252Operating result 2024: -€54,362-€54,362Net result 2024: -€56,106-€56,106Operating result 2025: €26,398€26,398Net result 2025: -€344,877-€344,8772022202320242025-€400,000-€300,000-€200,000-€100,000€0Operating result 2023: -€211,910-€212,000Net result 2023: -€213,252-€213,000Operating result 2024: -€54,362-€54,400Net result 2024: -€56,106-€56,100Operating result 2025: €26,398€26,400Net result 2025: -€344,877-€345,000202320242025
The operating result returns to profit in 2025: €26,398 after a loss of €54,362 in 2024.
Key figures and ratios
2025 value · change against 2024
EBITDA
€26,642▲
2024 · -€54,131
Cash flow
-€344,633▼
2024 · -€55,874
Quick ratio
0.23▲
2024 · 0.02
Debt to equity
-15.50▲
2024 · -32.98
Interest coverage
0.07▲
2024 · -31.04
Debt ≤ 1 year
€6.6m▲
2024 · €5.9m
Debt > 1 year
€3.2m▼
2024 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 472 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Medium-sized
  • negative equity
  • a small loss
  • without age
1.5% went bankrupt
2.8% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 472 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€9.2m€9.2m▼
Formation expenses20€487€244▼
Current assets29/58€9.2m€9.2m▼
Stocks and contracts in progress3€9.1m€7.6m▼
Stocks30/36€9.1m€7.6m▼
Amounts receivable within one year40/41€118,191€136,429▲
Trade receivables40€109,403€134,766▲
Other amounts receivable41€8,788€1,663▼
Cash at bank and in hand54/58€6,173€1.4m▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€9.2m€9.2m▼
Equity10/15-€288,777-€633,654▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14-€298,777-€643,654▼
Amounts payable17/49€9.5m€9.8m▲
Amounts payable after more than one year17€3.6m€3.2m▼
Other amounts payable178/9€3.6m€3.2m▼
Amounts payable within one year42/48€5.9m€6.6m▲
Financial debts43€5.9m€6.5m▲
Credit institutions430/8€5.9m€6.5m▲
Trade debts44€49,438€114,199▲
Suppliers440/4€49,438€114,199▲
Taxes, remuneration and social security45€1,432€0▼
Taxes450/3€1,432€0▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€50,000
Income statement Code20242025
Turnover70€5,325€1.7m▲
Goods, raw materials, services and sundry goods60/61€163,673€1.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€231€244▲
Other operating charges640/8€968€237,866▲
Gross operating margin9900-€53,163€264,508▲
Operating profit (loss)9901-€54,362€26,398▲
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€1,744€371,281▲
Recurring financial charges65€1,744€371,281▲
Profit (loss) for the period before taxes9903-€56,106-€344,877▼
Profit (loss) for the period9904-€56,106-€344,877▼
Profit (loss) for the period to be appropriated9905-€56,106-€344,877▼
Appropriation of the result
Profit (loss) to be appropriated9906-€298,777-€643,654▼
Profit (loss) brought forward from the previous period14P-€242,672-€298,777▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Turnover70-€10,533€5,325€1.7m▲ 31,009%
Goods, raw materials, services and sundry goods60/61-€285,832€163,673€1.5m▲ 830%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€287€213€231€244▲ 5.3%
Other operating charges640/8€498€10,470€968€237,866▲ 24,485%
Gross operating margin9900€27,281-€201,226-€53,163€264,508▲ 598%
Operating profit (loss)9901€26,497-€211,910-€54,362€26,398▲ 149%
Financial income75/76B---€5-
Recurring financial income75---€5-
Financial charges65/66B€55,917€1,342€1,744€371,281▲ 21,194%
Recurring financial charges65€55,917€1,342€1,744€371,281▲ 21,194%
Profit (loss) for the period before taxes9903-€29,420-€213,252-€56,106-€344,877▼ 515%
Profit (loss) for the period9904-€29,420-€213,252-€56,106-€344,877▼ 515%
Profit (loss) for the period to be appropriated9905-€29,420-€213,252-€56,106-€344,877▼ 515%
Line2022202320242025Change
Assets
Total assets20/58€7.7m€8.4m€9.2m€9.2m▼ 0.5%
Formation expenses20€932€719€487€244▼ 50.0%
Current assets29/58€7.7m€8.4m€9.2m€9.2m▼ 0.5%
Stocks and contracts in progress3€7.7m€8.3m€9.1m€7.6m▼ 16.1%
Stocks30/36€7.7m€8.3m€9.1m€7.6m▼ 16.1%
Amounts receivable within one year40/41€108€110,075€118,191€136,429▲ 15.4%
Trade receivables40€108€102,433€109,403€134,766▲ 23.2%
Other amounts receivable41-€7,641€8,788€1,663▼ 81.1%
Cash at bank and in hand54/58€15,745€10,492€6,173€1.4m▲ 22,671%
Deferred charges and accrued income490/1€2,678€2,793€0--
Equity and liabilities
Total equity and liabilities10/49€7.7m€8.4m€9.2m€9.2m▼ 0.5%
Equity10/15-€19,420-€232,672-€288,777-€633,654▼ 119%
Contributions10/11€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€29,420-€242,672-€298,777-€643,654▼ 115%
Amounts payable17/49€7.8m€8.7m€9.5m€9.8m▲ 3.1%
Amounts payable after more than one year17€2.0m€2.9m€3.6m€3.2m▼ 12.2%
Other amounts payable178/9€2.0m€2.9m€3.6m€3.2m▼ 12.2%
Amounts payable within one year42/48€5.8m€5.8m€5.9m€6.6m▲ 11.6%
Financial debts43€5.7m€5.7m€5.9m€6.5m▲ 10.7%
Credit institutions430/8€5.7m€5.7m€5.9m€6.5m▲ 10.7%
Trade debts44€21,687€40,505€49,438€114,199▲ 131%
Suppliers440/4€21,687€40,505€49,438€114,199▲ 131%
Taxes, remuneration and social security45€909€2,254€1,432€0▼ 100%
Taxes450/3€909€2,254€1,432€0▼ 100%
Other amounts payable47/48€3,675€1,519€0--
Accrued charges and deferred income492/3---€50,000-
Line2022202320242025Change
Profit (loss) for the period9904-€29,420-€213,252-€56,106-€344,877▼ 515%
+ Depreciation and write-downs630€287€213€231€244▲ 5.3%
Operating cash flow (approximation)-€29,133-€213,039-€55,874-€344,633▼ 517%
Change in cash--€5,253-€4,319€1.4m▲ 32,507%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€344,877
Net result drops to -€344,877, the lowest in the series.
07-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 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, Brussel · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
594 m²
Building footprint
592 m²
Volume, LiDAR
12,540 m³
Parcel 21805E0497/00C000, Brussels · tallest building 28.3 m, ±8 floors. Linked by address, not a title deed.
51 companies at this address See who is registered here
1 establishment unit
FPD2
Marnixlaan 28, 1000 BrusselReal estate development
since 20222.327.532.816
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0497/00C000 Brussels 594 m² 1 · 592 m² 28.3 m · 8 fl.
Linked by address, not proof of ownership
Good to know
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

Part of the group KOLMONT HOLDING 49 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. KOLMONT HOLDING 100%
  2. Kolmont Development 100%
  3. Bourg 101

Highest known parent: KOLMONT HOLDING. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded10-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779925728
Also 9925:BE0779925728
Registered 26-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.