BR&C Development
ActiveSummary
BR&C Development has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116,079 and a net result of €2.4m. Equity is growing by about 6.7% per year across the filed financial years. Its solvency ranks better than 17% of 5,767 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €116,079
- Profit
- €2.4m
- Parent
- BR&C Holding · 100%
- Board
- 4 members
- Holdings
- 1
- Van Camfort Filip Maria Leo JozefChair
- CHRISTIAENS PROJECTSManaging director · permanent representative Laura Christiaens
Why 93raises riskEquity €116,079 (3.9% of total assets)lowers riskSize: total assets €3.0mSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 22-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 21% on solvency, 14% on liquidity, 99% on profitability and 53% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 5 accounts on average 37 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Resignations: B&R NV, Komart Beheer BV…Permanent representatives: Filip Van Camfort…
- Highest result from 2021 to 2025net €2.4m ▲52.3%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years
The operating result falls in 2025; 2025 is 88% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Net result +52% on 2024. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.6% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 875 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €498 | €0.001m | €0.001m | €0.001m | €0.009m | ▲ 726% |
| Gross operating margin9900 | -€0.002m | €0.04m | €0.001m | €0.6m | €0.08m | ▼ 86.4% |
| Operating profit (loss)9901 | -€0.003m | €0.04m | €58 | €0.6m | €0.07m | ▼ 88.0% |
| Financial income75/76B | - | €355 | €0.001m | €1.3m | €2.4m | ▲ 90.6% |
| Recurring financial income75 | - | €355 | €0.001m | €1.3m | €2.4m | ▲ 90.6% |
| Financial charges65/66B | €0.004m | €0.06m | €0.02m | €0.1m | €0.03m | ▼ 76.5% |
| Recurring financial charges65 | €0.004m | €0.06m | €0.02m | €0.1m | €0.03m | ▼ 76.5% |
| Profit (loss) for the period before taxes9903 | -€0.007m | -€0.02m | -€0.02m | €1.7m | €2.4m | ▲ 45.2% |
| Income taxes67/77 | - | - | - | €0.1m | €0.04m | ▼ 61.4% |
| Profit (loss) for the period9904 | -€0.007m | -€0.02m | -€0.02m | €1.6m | €2.4m | ▲ 52.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.007m | -€0.02m | -€0.02m | €1.6m | €2.4m | ▲ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.5m | €2.6m | €2.7m | €5.4m | €3.0m | ▼ 44.3% |
| Fixed assets21/28 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Financial fixed assets28 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Current assets29/58 | €0.4m | €2.5m | €2.7m | €5.3m | €2.9m | ▼ 45.0% |
| Stocks and contracts in progress3 | €0.3m | €2.4m | €2.4m | €2.1m | €0 | ▼ 100% |
| Stocks30/36 | - | €2.4m | €2.4m | €2.1m | €0 | ▼ 100% |
| Contracts in progress37 | €0.3m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €0.06m | €0.05m | €0.003m | €2.3m | €2.5m | ▲ 10.6% |
| Trade receivables40 | €370 | €0.03m | €0.003m | €0.4m | €0.08m | ▼ 82.3% |
| Other amounts receivable41 | €0.06m | €0.02m | €0 | €1.8m | €2.4m | ▲ 32.1% |
| Cash at bank and in hand54/58 | €0.06m | €0.1m | €0.3m | €1.0m | €0.4m | ▼ 56.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.5m | €2.6m | €2.7m | €5.4m | €3.0m | ▼ 44.3% |
| Equity10/15 | €0.09m | €0.07m | €0.05m | €0.1m | €0.1m | ▲ 2.0% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | - | - | - | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.007m | -€0.03m | -€0.05m | €0.004m | €0.006m | ▲ 57.7% |
| Amounts payable17/49 | €0.4m | €2.5m | €2.7m | €5.3m | €2.9m | ▼ 45.3% |
| Amounts payable within one year42/48 | €0.4m | €2.5m | €2.7m | €5.3m | €2.9m | ▼ 45.2% |
| Financial debts43 | - | - | €2.0m | €2.6m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €2.0m | €2.6m | €0 | ▼ 100% |
| Trade debts44 | €0.02m | €0.8m | €0.6m | €0.1m | €0.5m | ▲ 262% |
| Suppliers440/4 | €0.02m | €0.8m | €0.6m | €0.1m | €0.5m | ▲ 262% |
| Advances received on contracts in progress46 | - | €0.7m | €0 | €0.4m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €0.08m | €0.1m | €0.04m | ▼ 63.9% |
| Taxes450/3 | - | - | €0.08m | €0.1m | €0.04m | ▼ 63.9% |
| Other amounts payable47/48 | €0.4m | €1.0m | €0 | €2.1m | €2.4m | ▲ 15.2% |
| Accrued charges and deferred income492/3 | - | - | €0.02m | €0.005m | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.007m | -€0.02m | -€0.02m | €1.6m | €2.4m | ▲ 52.3% |
| Operating cash flow (approximation) | -€0.007m | -€0.02m | -€0.02m | €1.6m | €2.4m | ▲ 52.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €0.05m | €0.2m | €0.7m | -€0.5m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 22-06-2026 | 2026-00182278 |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00156627 |
| 31-12-2023 | abbreviated format | 25-06-2024 | 2024-00156974 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00177044 |
| 31-12-2021 | abbreviated format | 22-06-2022 | 2022-20079762 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Day-to-day management 1
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CHRISTIAENS PROJECTS |
|
| MATMAR INVEST |
|
| Van Camfort Filip Maria Leo Jozef |
|
| B&R Construct |
|
| B & R |
|
| Komart Beheer |
|
| LEFICO |
|
| EB MANAGEMENT |
|
| Sam Daems |
|
Owners and capital
Owners
1 ownerChain of control
- BR&C Holding
- BR&C Development
Highest known parent: BR&C Holding. The sources do not say who stands above it.
Owners 1
- BR&C Holdingparent100%
According to the 2025 annual accounts of BR&C Development and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the 2025 annual accounts of BR&C Development and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
52 connected companiesShow 48 more companies with a shared director
History
Acts, filings and financial milestones
17-02
Gazette deed
Resignations: B&R NV, Komart Beheer BV and 2 othersPermanent representatives: Filip Van Camfort, Koen Martens and 3 others · Reappointment: Christiaens Projects BV (managing director and day-to-day manager) · Appointments: Filip Van Camfort, B&R Construct NV and 2 others17 facts ▸
- General meeting, 21-01-2026
- Director resignation, B&R NV (director (not named in the articles))
- Permanent representative, Filip Van Camfort (2 times)
- Director resignation, Komart Beheer BV (director (not named in the articles))
- Permanent representative, Koen Martens
- Director resignation, Christiaens Projects BV (director (not named in the articles))
- Permanent representative, Laura Christiaens (2 times)
- Director resignation, Matmar Invest BV (director (not named in the articles))
- Permanent representative, Patrick Christiaens (2 times)
- Permanent representative, Jan In 't Ven
- Board meeting, 21-01-2026 (2 times)
- Director reappointment, Christiaens Projects BV (managing director and day-to-day manager)
- +5 further facts in this act
19-01
Gazette deed
Resignations: B & R NV, LEFICO BV and 2 othersPermanent representatives: Daems Sam, Van Camfort Filip and 3 others · Appointments: B & R NV, CHRISTIAENS PROJECTS BV and 3 others · Reappointment: CHRISTIAENS PROJECTS BV (managing director)24 facts ▸
- General meeting, 19-10-2023
- Director resignation, B & R NV (director)
- Director resignation, LEFICO BV (director)
- Director resignation, CHRISTIAENS PROJECTS BV (director)
- Director resignation, MATMAR INVEST BV (director)
- Permanent representative, Daems Sam
- Permanent representative, Van Camfort Filip (2 times)
- Permanent representative, Christiaens Laura (2 times)
- Permanent representative, Christiaens Patrick (2 times)
- Director discharge, B & R NV (director)
- Director discharge, LEFICO BV (director)
- Director discharge, CHRISTIAENS PROJECTS BV (director)
- +12 further facts in this act
12-04
Gazette deed
Permanent representative: Filip Van Camfort2 facts ▸
- Other provision, 23-12-2022
- Permanent representative, Filip Van Camfort
13-02
Gazette deed
Resignations: Daems Sam, EB MANAGEMENT BV and 2 othersPermanent representatives: Daems Sam, Bruyninckx Eddy and 3 others · Appointments: B & R NV, LEFICO BV and 2 others · Director discharge22 facts ▸
- General meeting, 30-12-2022
- Director resignation, Daems Sam (director)
- Director resignation, EB MANAGEMENT BV (director)
- Director resignation, CHRISTIAENS PROJECTS BV (director)
- Director resignation, MATMAR INVEST BV (director)
- Director discharge, B & R NV (director)
- Director discharge, EB MANAGEMENT BV (director)
- Director discharge, CHRISTIAENS PROJECTS BV (director)
- Director discharge, MATMAR INVEST BV (director)
- Permanent representative, Daems Sam
- Permanent representative, Bruyninckx Eddy
- Permanent representative, Christiaens Laura
- +10 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 4 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0761.600.943
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31022A0128/00L002 | Flanders | 2.1 ha | 1 · 4,736 m² | - |
How the parcels are linked
Articles of association
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 17-02-2026
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Individueel handelend, dagelijks bestuur en vertegenwoordiging inzake dagelijks bestuur” (deed in Dutch)deed of 19-01-2024
Read from the deeds: 2 provisions, deed of 17-02-2026