BRB INVEST
ActiveSummary
BRB INVEST has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €963k and a net result of €107k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▲+7
Solvency48▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.62 in 2023; short-term debt: 24.8% and cash: 1.4% of total assets), and 77.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.9%
Return on assets
2.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
13 d late
2022
28 d early
2021
22 d late
2020
10 d late
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0▼ 100%
2022 · €283k
2022: €283k
2022 → 2023
EBIT margin
61.2%
Net result
€107k▲ 57.7%
2023 · €68k
2018: €23k
2019: €-4k
2020: €-23k
2021: €-50k
2022: €91k
2023: €68k
2018 → 2024
Working capital
€-514k▼ 23.3%
2023 · €-417k
2018: €-889k
2019: €-880k
2020: €-1.02M
2021: €-442k
2022: €-479k
2023: €-417k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€283k€0▼ 100%
Equity€748k-€697k▼ 6.7%€789k▲ 13.1%€856k▲ 8.6%€963k▲ 12.5%
Operating result€3k-€-42k€173k€201k▲ 16.0%€223k▲ 11.3%
Net result€-23k-€-50k▼ 120%€91k€68k▼ 26.0%€107k▲ 57.7%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.20M
Fixed assets
€3.67M ▼ 2.7%
Current assets
€526k ▼ 21.4%
Equity and liabilities €4.20M
Equity
€963k ▲ 12.5%
Provisions
€165k ▼ 26.2%
Debt
€3.07M ▼ 8.7%
Debt's share of the balance-sheet total falls from 75.7% to 73.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€333k▲
2023 · €310k
Cash flow
€216k▲
2023 · €177k
Current ratio
0.51▼
2023 · 0.62
Quick ratio
0.21▼
2023 · 0.24
Debt to equity
3.19▼
2023 · 3.93
ROE
11.1%▲
2023 · 7.9%
ROA
2.5%▲
2023 · 1.5%
Interest coverage
5.33▲
2023 · 4.56
Debt ≤ 1 year
€1.04M▼
2023 · €1.09M
Debt > 1 year
€2.02M▼
2023 · €2.27M
Income taxes
€113k▲
2023 · €85k
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.44M€4.20M▼
Fixed assets21/28€3.77M€3.67M▼
Tangible fixed assets22/27€3.77M€3.67M▼
Land and buildings22€3.63M€3.53M▼
Plant, machinery and equipment23-€0
Furniture and vehicles24€3k€3k=
Leasing and similar rights25€140k€140k=
Current assets29/58€669k€526k▼
Stocks and contracts in progress3€414k€310k▼
Stocks30/36€414k€310k▼
Amounts receivable within one year40/41€164k€158k▼
Trade receivables40€32k€26k▼
Other amounts receivable41€132k€132k=
Cash at bank and in hand54/58€84k€58k▼
Deferred charges and accrued income490/1€8k€0▼
Equity and liabilities
Total equity and liabilities10/49€4.44M€4.20M▼
Equity10/15€856k€963k▲
Contributions10/11€8k€8k=
Revaluation surpluses12€12k€12k=
Reserves13€836k€943k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€553k€433k▼
Distributable reserves133€284k€511k▲
Provisions and deferred taxes16€223k€165k▼
Deferred taxes168€223k€165k▼
Amounts payable17/49€3.36M€3.07M▼
Amounts payable after more than one year17€2.27M€2.02M▼
Financial debts170/4€2.27M€2.02M▼
Amounts payable within one year42/48€1.09M€1.04M▼
Current portion of amounts payable after more than one year42€592k€488k▼
Trade debts44€138€6k▲
Suppliers440/4€138€6k▲
Taxes, remuneration and social security45€66k€118k▲
Taxes450/3€66k€118k▲
Other amounts payable47/48€428k€429k▲
Accrued charges and deferred income492/3€8k€11k▲
Income statement
Code20232024
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€76k€89k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€110k▲
Other operating charges640/8€1.25M€37k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.56M€370k▼
Operating profit (loss)9901€201k€223k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€68k€62k▼
Recurring financial charges65€68k€62k▼
Profit (loss) for the period before taxes9903€133k€161k▲
Transfer from deferred taxes780€20k€58k▲
Income taxes67/77€85k€113k▲
Profit (loss) for the period9904€68k€107k▲
Transfer from tax-exempt reserves789€43k€120k▲
Profit (loss) for the period to be appropriated9905€111k€227k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€227k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€111k€227k▲
To other reserves6921€111k€227k▲
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
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €107k ▲57.7%
Operating result €223k, net result €107k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €91k
Net result €91k after 3 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
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, Namur · 1 establishment unit since 2002
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.
Chaussée de Dinant(WP) 9935100 NamurGround area
4,591 m²
Building footprint
1,137 m²
Volume, LiDAR
6,183 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route du Condroz 48, 4100 Seraing
since 20022.099.191.549
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62019B0173/00N000 | Wallonia | 3,890 m² | 1 · 1,014 m² | 7.0 m · 2 fl. |
| 92135D0771/00A000 | Wallonia | 700 m² | 1 · 124 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
MERMIMMO
BE 0476.124.894
Oud-Turnhout · Eq €963k
IMMO B & H
BE 0480.015.089
Elsene · Eq €964k
ACN
BE 0720.885.885
Elsene · Eq €962k
ACRIBI
BE 0879.653.309
Wetteren · Eq €965k
Gipsy Horses Ranch Immo
BE 0788.562.389
Westerlo · Eq €966k
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,266 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
Founded11-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.