Equity
€2.1m ▲ 0.2%
BREBO has made a profit without a break since 2016.
BREBO
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €1.2m (2025)
€1.2m▲ 53.0%
lowest -€52,574 (2015)
€30,428▼ 88.4%
peak €2.1m (2025)
€2.1m▲ 0.2%
€12.0m▲ 45.6%
peak 4.9 FTE (2015)
2 FTEunchanged
Board4 names since 2021
3 directorsDe Bruijn Urbaan and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from €796,586 to €1.2mResult from €261,824 to €30,428Registered office moved from Stevoort to Alken 30-05Appointment: De Bruyn Hein (managing director) 27-01Debts from €8.2m to €12.0mInvestments €5.2m
Key points
from the 2025 annual accountsResult
€30,428 ▼ 88.4%
The result fell in 2025: different schema filed.
Turnover
≈ €1.6m estimated
The accounts state no turnover.
Debts
€12.0m 85% of the balance sheet
Financial debts 75%Suppliers 4%Taxes and wages 1%Other 20%
€8.9m of the debts are secured on the company's own assets. In 2022 that was €3.9m.
Investments
€5.2m 8.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 81.1% higher than in 2024.
Filings
36 annual accounts since 1990
Nine of the last ten came late. The 2022 accounts came latest: 141 days after the end of the period.
Checked score
63
Healthy
Financially stronger than 38% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%
01-2025: 0.4%▼ -1.2 percentage points vs 12-2024
02-2025: 0.3%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%▼ -0.1 percentage points vs 04-2025
06-2025: 0.7%▲ +0.4 percentage points vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.2 percentage points vs 07-2025
09-2025: 1.4%▲ +0.4 percentage points vs 08-2025
10-2025: 2.0%▲ +0.6 percentage points vs 09-2025highest value
11-2025: 1.1%▼ -0.9 percentage points vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.0%▼ -0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%▼ -0.1 percentage points vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.2 percentage points vs 07-2026
09-2026: 1.4%▲ +0.2 percentage points vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.26, cash €42,065, halved
Equity €2.1m (14.8% of total assets)
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 35% of them on solvency, 32% on liquidity, 40% on profitability and 46% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as BREBO has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BREBO itself is higher: 1.4% within 12 months. It rests on far more data about BREBO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for BREBO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.26 (0.48 in 2024), below 1. Short-term debt is 28.1% and cash 0.3% of total assets. 85.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
70 days late
2023
120 days late
2022
141 days late
2021
92 days late
2020
31 days late
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 87 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Bouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Het reliëf van de bodem aanmerkelijk wijzigen and 1 more · Alken
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440966948
Registered office moved from Stevoort to Alken
New registered office: Pickardstraat 23-25, Industriepark Kolmen 1225, 3570 Alken · Previous registered office: Sterrebos 61, 3512 Stevoort · Board meeting of 02-04-2025 · Gazette deed
Appointment: De Bruyn Hein (managing director)
Board meeting of 16-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BREBO Alken | €14.1m | €1.2m | 14.8% | 2 |
| GROUP MOUREAU Leuven | €13.7m | €0.8m | 17.4% | 2.6 |
| VINCERE Roeselare | €12.5m | €0.9m | 53.5% | 1.4 |
| IMMO POTTELBERG Kortrijk | €9.3m | €1.0m | 15.1% | 2.4 |
| NETEBEEMDEN Mol | €21.6m | €1.5m | 40.3% | 1.5 |
| SALT Knokke-Heist | €8.6m | €0.8m | 58.2% | 1.9 |
| PANTELIS GROUP Genk | €32.8m | €1.8m | 62.4% | 1.8 |
These companies have the same main activity as BREBO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €8.6m and €33m, founded between 1987 and 1991.
Official details
Source: KBO- Status
- Active since 01-06-1990Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.050.372.1423512 Hasselt, since 21-11-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 10-02-2026
Insights on BREBO
BREBO has existed since 1990. The gross margin grew from €133,357 in 2006 to €1.2m in 2025 and staff from 1 to 2 full-time equivalents.
Solvency fell in 2025 from 20.1% to 14.8% because of higher long-term debts.
In January 2025, the Official Gazette published the appointment of De Bruyn Hein as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BREBO
- What is the company number of BREBO?
- The company number of BREBO is 0440.966.948. The VAT number is the same number with BE in front: BE 0440.966.948.
- Where is BREBO based?
- The registered office is at Pickardstraat 23, 3570 Alken.Company details
- What does BREBO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of BREBO?
- BREBO is a public limited company (NV).
- When was BREBO founded?
- BREBO was founded on 01-06-1990.
- Is BREBO still active?
- Yes, BREBO is an active enterprise in the KBO register.
- How many employees does BREBO have?
- BREBO had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BREBO?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €1.2m and 40 comparable companies (NACE 681). It probably lies between €1.2m and €3.3m. In financial year 2024 turnover was €1.1m.
- Is BREBO profitable?
- In financial year 2025, BREBO made a profit of €30,428.
- Where can I find the annual accounts of BREBO?
- BREBO filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BREBO due?
- BREBO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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