BRE MANAGEMENT
Open bankruptcySummary
A bankruptcy procedure is open for BRE MANAGEMENT according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (-€25,584) and a net result of €4,054.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 9 March 2026
- Supervising judge
- Alain Decorte
- Official Gazette
- 16-03-2026 (pdf) ↗search the document for 2026/110784
Deadlines
- Appeal or third-party opposition until
- passed on 31 March 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 8 April 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 15 April 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 9 March 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Emilie MichelAvenue De Fre 229, 1180 02 Uccleemilie.michel@kairos.law
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
31 d late
2022
32 d late
2021
31 d late
2020
30 d late
2018
79 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Real estate appraisal on a fee or contract basis sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€25,584▲ 19.0%
2022 · -€31,591
Total assets
€18,549▼ 92.7%
2022 · €253,606
Net result
€4,054▲ 74.3%
2021 · €2,326
Working capital
-€25,834▲ 46.3%
2022 · -€48,090
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182020202120222023
Operating result€34,708--€4,616-€2,326€4,054
Net result€34,668--€4,616within the sector's middle half-€2,326within the sector's middle half€4,054within the sector's middle half
Equity-€28,842--€33,917below the sector's middle half--€31,591below the sector's middle half▲ 6.9%-€31,591below the sector's middle half=-€25,584below the sector's middle half▲ 19.0%
Total assets€33,806-€123,291below the sector's middle half-€253,606within the sector's middle half▲ 106%€253,606within the sector's middle half=€18,549below the sector's middle half▼ 92.7%
Debt€62,648-€157,208-€285,197▲ 81.4%€285,197=€44,133▼ 84.5%
Working capital-€49,356--€50,417within the sector's middle half--€48,090within the sector's middle half▲ 4.6%-€48,090within the sector's middle half=-€25,834within the sector's middle half▲ 46.3%
Solvency-85.3%--27.5%below the sector's middle half--12.5%below the sector's middle half▲ 15.1pp-12.5%below the sector's middle half=-137.9%below the sector's middle half▼ 125.5pp
Current ratio0.21-0.68within the sector's middle half-0.83within the sector's middle half▲ 0.150.83within the sector's middle half=0.41within the sector's middle half▼ 0.42
Return on assets (ROA)102.5%--3.7%below the sector's middle half-0.9%within the sector's middle half▲ 4.7pp21.9%above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €4,054 in 2023, compared with €2,326 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €18,549
Fixed assets
€250 ▼ 98.5%
Current assets
€18,300 ▼ 92.3%
Key figures and ratios
Debt to equity
-1.73▲
2022 · -9.03
Debt ≤ 1 year
€44,133▼
2022 · €285,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,494 | - | - | - | - | - |
| Gross operating margin9900 | €45,022 | -€3,810 | €2,326 | - | €4,054 | - |
| Operating profit (loss)9901 | €34,708 | -€4,616 | €2,326 | - | €4,054 | - |
| Recurring financial charges65 | €40 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €34,668 | -€4,616 | €2,326 | - | €4,054 | - |
| Profit (loss) for the period9904 | €34,668 | -€4,616 | €2,326 | - | €4,054 | - |
| Profit (loss) for the period to be appropriated9905 | €34,668 | -€4,616 | €2,326 | - | €4,054 | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,806 | €123,291 | €253,606 | €253,606 | €18,549 | ▼ 92.7% |
| Fixed assets21/28 | €20,514 | €16,499 | €16,499 | €16,499 | €250 | ▼ 98.5% |
| Tangible fixed assets22/27 | €20,514 | €16,499 | €16,499 | €16,499 | €250 | ▼ 98.5% |
| Furniture and vehicles24 | - | - | €16,499 | €16,499 | €250 | ▼ 98.5% |
| Current assets29/58 | €13,293 | €106,792 | €237,107 | €237,107 | €18,300 | ▼ 92.3% |
| Amounts receivable within one year40/41 | €600 | €94,100 | €224,415 | €224,415 | €9,270 | ▼ 95.9% |
| Trade receivables40 | - | - | €217,788 | €217,788 | €7,912 | ▼ 96.4% |
| Other amounts receivable41 | - | - | €6,627 | €6,627 | €1,357 | ▼ 79.5% |
| Cash at bank and in hand54/58 | €5,424 | €5,424 | €5,424 | €5,424 | €3,259 | ▼ 39.9% |
| Deferred charges and accrued income490/1 | - | - | €7,269 | €7,269 | €5,772 | ▼ 20.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,806 | €123,291 | €253,606 | €253,606 | €18,549 | ▼ 92.7% |
| Equity10/15 | -€28,842 | -€33,917 | -€31,591 | -€31,591 | -€25,584 | ▲ 19.0% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€35,042 | -€40,117 | -€37,791 | -€37,791 | -€31,784 | ▲ 15.9% |
| Amounts payable17/49 | €62,648 | €157,208 | €285,197 | €285,197 | €44,133 | ▼ 84.5% |
| Amounts payable within one year42/48 | €62,648 | €157,208 | €285,197 | €285,197 | €44,133 | ▼ 84.5% |
| Trade debts44 | €6,947 | €103,942 | €231,931 | €231,931 | €25,553 | ▼ 89.0% |
| Suppliers440/4 | - | - | €231,931 | €231,931 | €25,553 | ▼ 89.0% |
| Taxes, remuneration and social security45 | - | - | €13,530 | €13,530 | €20 | ▼ 99.9% |
| Taxes450/3 | - | - | €13,530 | €13,530 | €20 | ▼ 99.9% |
| Other amounts payable47/48 | - | - | €39,736 | €39,736 | €18,561 | ▼ 53.3% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,668 | -€4,616 | €2,326 | - | €4,054 | - |
| + Depreciation and write-downs630 | €4,494 | - | - | - | - | - |
| Operating cash flow (approximation) | €39,162 | -€4,616 | €2,326 | - | €4,054 | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €16,250 | - |
| Change in cash | - | - | €0 | €0 | -€2,165 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
05-05
KBO administration
Address struck
Léon Lepagestraat 23 L’adresse du siège Rue Léon Lepage 23 1000 Die Sitzadresse Rue Léon Lepage / Léon
1000 Brussel werd doorgehaald met ingang Bruxelles · event 02-03-2026
16-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 09-03-2026
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €2,326
Net result €2,326 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€4,616
Net result drops to -€4,616, the lowest in the series.
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 79 days late
17-07
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 28-06-2019
24-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 07-06-2019
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 321 days late
Show earlier events
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 558 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 923 days late
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 135 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Brussel · 1 establishment unit since 2011
Ground area
2,815 m²
Building footprint
2,813 m²
Volume, LiDAR
46,195 m³
Parcel 21811M0499/00H000, Brussels · tallest building 29.7 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20112.204.214.538
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0499/00H000 | Brussels | 2,815 m² | 1 · 2,813 m² | 29.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | EMILIE MICHEL AVENUE DE FRE 229, 1180 02 UCCLE- |
09-03-2026 → present |
| Curator | SOPHIE HUART CHAUSSEE DE WATERLOO 880,
1000 BRUXELLES 1 |
07-06-2019 → 28-06-2019 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 1,530 companies in sector 68322 we hold annual accounts for 745. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
41001General construction of residential buildings
68121Development of residential building projects
68110Buying and selling of own real estate
68310Real estate agency activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.