BR PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of BR PROJECT is 1.7% (moderate). The 2025 annual accounts show equity of €59k and a net result of €22k. Equity is growing by ~132.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 2198 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+51
Solvency100=
Growth85=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 6.07 against 16.0 in 2024; short-term debt: 5.6% and cash: 10.1% of total assets), and 5.6% of the assets are financed with debt.
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Signals
Four 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.4%
Return on assets
34.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 5 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
64 d late
2022
70 d early
2021
94 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Turnover
€131k▲ 59.7%
2024 · €82k
EBIT margin
22.0%▲ 19.8pp
2024 · 2.2%
Net result
€22k▲ 1,140%
2024 · €2k
Working capital
€18k▼ 38.8%
2024 · €29k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€33k-€2k▼ 95.4%€82k€131k▲ 59.7%
Operating result€851-€229▼ 73.1%€33k▲ 14,440%€2k▼ 94.6%€29k▲ 1,503%
Net result€16-€126▲ 688%€33k▲ 26,250%€2k▼ 94.7%€22k▲ 1,140%
EBIT margin2.6%-15.3%▲ 12.7pp2.2%22.0%▲ 19.8pp
Equity€3k-€3k▲ 5.0%€36k▲ 1,257%€38k▲ 4.9%€59k▲ 57.6%
Total assets€4k-€6k▲ 35.5%€79k▲ 1,323%€40k▼ 50.2%€63k▲ 58.7%
Debt€2k-€3k▲ 83.3%€44k▲ 1,384%€2k▼ 95.6%€4k▲ 81.2%
Working capital€3k-€3k▲ 5.0%€36k▲ 1,257%€29k▼ 18.8%€18k▼ 38.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,503% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€41k ▲ 387%
Current assets
€21k ▼ 31.3%
Equity and liabilities €63k
Equity
€59k ▲ 57.6%
Debt
€4k ▲ 81.2%
Debt's share of the balance-sheet total rises from 4.9% to 5.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k
Cash flow
€43k
Current ratio
6.07▼
2024 · 16.00
Debt to equity
0.06▲
2024 · 0.05
ROE
36.5%▲
2024 · 4.6%
ROA
34.5%▲
2024 · 4.4%
Interest coverage
1067.12
Debt ≤ 1 year
€4k▲
2024 · €2k
Income taxes
€7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €33k | €2k | - | €82k | €131k | ▲ 59.7% |
| Goods, raw materials, services and sundry goods60/61 | €31k | €1k | - | €73k | €78k | ▲ 6.4% |
| Remuneration, social security and pensions62 | - | - | €2k | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €21k | - |
| Other operating charges640/8 | €383 | - | - | €79 | €3k | ▲ 4,298% |
| Gross operating margin9900 | €1k | €229 | €35k | €9k | €53k | ▲ 501% |
| Operating profit (loss)9901 | €851 | €229 | €33k | €2k | €29k | ▲ 1,503% |
| Financial charges65/66B | €835 | €42 | €51 | €46 | €47 | ▲ 0.4% |
| Recurring financial charges65 | €835 | €42 | €51 | €46 | €47 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €16 | €187 | €33k | €2k | €29k | ▲ 1,543% |
| Income taxes67/77 | - | €61 | €44 | - | €7k | - |
| Profit (loss) for the period9904 | €16 | €126 | €33k | €2k | €22k | ▲ 1,140% |
| Profit (loss) for the period to be appropriated9905 | €16 | €126 | €33k | €2k | €22k | ▲ 1,140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4k | €6k | €79k | €40k | €63k | ▲ 58.7% |
| Fixed assets21/28 | - | - | - | €9k | €41k | ▲ 387% |
| Tangible fixed assets22/27 | - | - | - | €9k | €41k | ▲ 387% |
| Plant, machinery and equipment23 | - | - | - | - | €12k | - |
| Furniture and vehicles24 | - | - | - | €9k | €29k | ▲ 244% |
| Current assets29/58 | €4k | €6k | €79k | €31k | €21k | ▼ 31.3% |
| Amounts receivable within one year40/41 | €4k | €6k | €75k | €9k | €15k | ▲ 72.3% |
| Trade receivables40 | €4k | €5k | €73k | €9k | €10k | ▲ 21.1% |
| Other amounts receivable41 | €138 | €322 | €2k | €109 | €5k | ▲ 4,092% |
| Cash at bank and in hand54/58 | €281 | €58 | €5k | €22k | €6k | ▼ 71.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4k | €6k | €79k | €40k | €63k | ▲ 58.7% |
| Equity10/15 | €3k | €3k | €36k | €38k | €59k | ▲ 57.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €16 | €142 | €33k | €35k | €57k | ▲ 61.7% |
| Amounts payable17/49 | €2k | €3k | €44k | €2k | €4k | ▲ 81.2% |
| Amounts payable within one year42/48 | €2k | €3k | €44k | €2k | €4k | ▲ 81.2% |
| Trade debts44 | €53 | €402 | €41k | €603 | €166 | ▼ 72.4% |
| Suppliers440/4 | €53 | €402 | €41k | €603 | €166 | ▼ 72.4% |
| Other amounts payable47/48 | €2k | €3k | €3k | €1k | €3k | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16 | €126 | €33k | €2k | €22k | ▲ 1,140% |
| + Depreciation and write-downs630 | - | - | - | - | €21k | - |
| Operating cash flow (approximation) | €16 | €126 | €33k | €2k | €43k | ▲ 2,338% |
| Investment in fixed assets (approximation) | - | - | - | - | €-54k | - |
| Change in cash | - | €-223 | €5k | €18k | €-16k | ▼ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Liquidity times 9current ratio 16.00
Current ratio from 1.82 to 16.00; short-term debt falls from €44k to €2k.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 64 days late
2023
31-12
Financial
Highest result since 2021net €33k ▲26,250%
Operating result €33k, net result €33k, both a record.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 94 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Zaventem · 1 establishment unit since 2020
Ground area
565 m²
Building footprint
280 m²
Volume, LiDAR
2,169 m³
2 parcels, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
662
companies at this address
See who is registered here
1 establishment unit
BR PROJECT
since 20202.308.649.389
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
| 23078A0177/00N000 | Flanders | 104 m² | 1 · 88 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
11 categoriesBR PROJECT BV42775
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,173 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43240Other construction installation
43910Bricklaying and masonry work
Contact
Scores and ratios are computed by Checked and are not a credit decision.