BRABO VENTURES
ActiveBRABO VENTURES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.82M and a net result of €-718k. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 4829 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
15
/ 100
Critical▼ -42 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-50
Solvency53▼-3
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.23 in 2023), and 58.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
41.5%
Return on assets
-6.2%
Age of the figures
20 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
34 d early
2022
34 d early
2021
26 d early
2020
31 d early
2019
70 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-718k
2023 · €550k
2018: €252k
2019: €-228k
2020: €-307k
2021: €-337k
2022: €-393k
2023: €550k
2018 → 2024
Working capital
€-6.45M▼ 27.6%
2023 · €-5.06M
2018: €-4.54M
2019: €-4.63M
2020: €-4.57M
2021: €-4.68M
2022: €-4.91M
2023: €-5.06M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€998k-€5.35M▲ 436%€4.96M▼ 7.2%€5.51M▲ 11.0%€4.82M▼ 12.6%
Operating result€-220k-€-278k▼ 26.4%€-266k▲ 4.4%€674k€-530k
Net result€-307k-€-337k▼ 9.5%€-393k▼ 16.7%€550k€-718k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €530k after €674k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.62M
Fixed assets
€11.50M▲ 6.3%
Current assets
€112k▼ 92.7%
Equity and liabilities €11.62M
Equity
€4.82M▼ 12.6%
Provisions
€147k▼ 12.5%
Debt
€6.65M▼ 0.5%
The debt ratio rises from 54.1% to 57.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€176k▼
2023 · €1.19M
Cash flow
€-12k▼
2023 · €1.07M
Solvency
41.5%▼
2023 · 44.6%
Current ratio
0.02▼
2023 · 0.23
Quick ratio
0.02▲
2023 · 0.02
Debt / equity
1.38▲
2023 · 1.21
ROE
-14.9%▼
2023 · 10.0%
ROA
-6.2%▼
2023 · 4.4%
Interest coverage
0.85▼
2023 · 8.26
Debt
€6.65M▼
2023 · €6.68M
Debt ≤ 1 year
€6.56M▼
2023 · €6.60M
Debt > 1 year
€7k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€12.36M€11.62M▼
Fixed assets21/28€10.82M€11.50M▲
Tangible fixed assets22/27€9.55M€10.24M▲
Land and buildings22€9.20M€9.90M▲
Furniture and vehicles24€24k€24k=
Other tangible fixed assets26€330k€318k▼
Financial fixed assets28€1.27M€1.27M=
Current assets29/58€1.54M€112k▼
Stocks and contracts in progress3€1.44M-
Stocks30/36€1.44M-
Amounts receivable within one year40/41€98k€77k▼
Trade receivables40€28k€6k▼
Other amounts receivable41€70k€71k▲
Cash at bank and in hand54/58€9k€34k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€12.36M€11.62M▼
Equity10/15€5.51M€4.82M▼
Contributions10/11€276k€276k=
Capital10€276k€276k=
Issued capital100€276k€276k=
Outside capital11€683€683=
Share premium1100/10€683€683=
Revaluation surpluses12€4.70M€4.70M=
Reserves13€369k€354k▼
Non-distributable reserves130/1€28k€28k=
Legal reserve130€28k€28k=
Tax-exempt reserves132€341k€326k▼
Profit (loss) carried forward14€98k€-606k▼
Investment grants15€70k€95k▲
Provisions and deferred taxes16€169k€147k▼
Provisions for liabilities and charges160/5€50k€34k▼
Other liabilities and charges164/5€50k€34k▼
Deferred taxes168€119k€113k▼
Amounts payable17/49€6.68M€6.65M▼
Amounts payable after more than one year17€9k€7k▼
Other amounts payable178/9€9k€7k▼
Amounts payable within one year42/48€6.60M€6.56M▼
Current portion of amounts payable after more than one year42€3.76M€3.88M▲
Trade debts44-€7k
Suppliers440/4-€7k
Advances received on contracts in progress46-€6k
Other amounts payable47/48€2.83M€2.68M▼
Accrued charges and deferred income492/3€75k€79k▲
Income statement
Code20232024
Non-recurring operating income76A-€16k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€516k€706k▲
Other operating charges640/8€25k€6k▼
Gross operating margin9900€1.22M€183k▼
Operating profit (loss)9901€674k€-530k▼
Financial income75/76B€14k€14k▼
Recurring financial income75€14k€14k▼
Financial charges65/66B€144k€208k▲
Recurring financial charges65€144k€208k▲
Profit (loss) for the period before taxes9903€545k€-724k▼
Transfer from deferred taxes780€5k€5k=
Profit (loss) for the period9904€550k€-718k▼
Transfer from tax-exempt reserves789€15k€15k=
Profit (loss) for the period to be appropriated9905€565k€-704k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€-606k▼
Profit (loss) brought forward from the previous period14P€-467k€98k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet €-718k ▼231%
Net result drops to €-718k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €550k
Net result €550k after 4 loss-making years.
31-12
Financial
Equity above €5MEq €5.51M ▲11%
Equity rises from €4.96M to €5.51M.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €5MEq €5.35M ▲436%
Equity rises from €998k to €5.35M.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 70 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 1990
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.
Louizalaan 3461050 BrusselGround area
689 m²
Building footprint
253 m²
Volume, LiDAR
3,665 m³
Parcel 21807G0182/00K002, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 346, 1050 Elsene
since 19902.047.989.704
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0182/00K002 ProtectedMonumentEclectisch herenhuis |
Brussels | 688 m² | 1 · 253 m² | 19.5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 1,816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-02-1990
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.