BR38
ActiveSummary
BR38 has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €21k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+3
Solvency41▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.15 in 2024; short-term debt: 8.3% and cash: 0.1% of total assets), and 83.9% of the assets are financed with debt.
Credit advice for your own amount and term
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
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
Sector 68
lower
← 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
16.1%
Return on assets
1.8%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
29 d late
2023
29 d early
2022
94 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€187k▲ 12.3%
2024 · €167k
2022: €145k
2023: €149k
2024: €167k
2022 → 2025
Total assets
€1.16M▼ 2.7%
2024 · €1.19M
2022: €1.16M
2023: €1.13M
2024: €1.19M
2022 → 2025
Net result
€21k▲ 14.8%
2024 · €18k
2022: €-105k
2023: €4k
2024: €18k
2022 → 2025
Working capital
€-87k▼ 4.7%
2024 · €-83k
2022: €-42k
2023: €-65k
2024: €-83k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€145k-€149k▲ 2.6%€167k▲ 12.0%€187k▲ 12.3%
Operating result€-82k-€20k€35k▲ 74.9%€38k▲ 7.6%
Net result€-105k-€4k€18k▲ 373%€21k▲ 14.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€1.15M ▼ 2.3%
Current assets
€10k ▼ 32.0%
Equity and liabilities €1.16M
Equity
€187k ▲ 12.3%
Debt
€975k ▼ 5.1%
Debt's share of the balance-sheet total falls from 86.1% to 83.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71k▲
2024 · €66k
Cash flow
€54k▲
2024 · €48k
Current ratio
0.10▼
2024 · 0.15
Debt to equity
5.21▼
2024 · 6.17
ROE
11.0%▲
2024 · 10.7%
ROA
1.8%▲
2024 · 1.5%
Interest coverage
4.04▲
2024 · 3.75
Debt ≤ 1 year
€97k▼
2024 · €98k
Debt > 1 year
€878k▼
2024 · €931k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.19M€1.16M▼
Fixed assets21/28€1.18M€1.15M▼
Tangible fixed assets22/27€1.18M€1.15M▼
Land and buildings22€1.17M€1.14M▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€14k€10k▼
Amounts receivable within one year40/41€14k€9k▼
Other amounts receivable41€14k€9k▼
Cash at bank and in hand54/58€562€707▲
Equity and liabilities
Total equity and liabilities10/49€1.19M€1.16M▼
Equity10/15€167k€187k▲
Contributions10/11€250k€250k=
Profit (loss) carried forward14€-83k€-63k▲
Amounts payable17/49€1.03M€975k▼
Amounts payable after more than one year17€931k€878k▼
Financial debts170/4€931k€878k▼
Amounts payable within one year42/48€98k€97k▼
Current portion of amounts payable after more than one year42€51k€52k▲
Trade debts44€85€146▲
Suppliers440/4€85€146▲
Other amounts payable47/48€46k€45k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€33k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€71k€76k▲
Operating profit (loss)9901€35k€38k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€18k€18k▲
Recurring financial charges65€18k€18k▲
Profit (loss) for the period before taxes9903€18k€21k▲
Profit (loss) for the period9904€18k€21k▲
Profit (loss) for the period to be appropriated9905€18k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-63k▲
Profit (loss) brought forward from the previous period14P€-101k€-83k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €21k ▲14.8%
Operating result €38k, net result €21k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €150kEq €167k ▲12%
2 profitable years in a row build equity to €167k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Baron Ruzettelaan 388310 BruggeGround area
495 m²
Building footprint
173 m²
Volume, LiDAR
2,172 m³
Parcel 31434C0057/00M000, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BR38
since 20212.317.236.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0057/00M000 | Flanders | 495 m² | 1 · 173 m² | 19.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IMMOCEL
BE 0461.657.048
Heusden-Zolder · Eq €187,130
COMPUTER CLEANING BRUSSELS
BE 0461.316.360
Zwevegem · Eq €187,138
YUST Housing Antwerp
BE 0667.858.460
Antwerpen · Eq €186,840
FABATHOME
BE 0429.571.032
Sint-Genesius-Rode · Eq €186,831
CREATIVE BUILDING
BE 0547.967.054
Anzegem · Eq €187,358
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.