Financials
- Fiscal year
- 2025
- Turnover
- €7.4m
- Loss
- -€1.1m
- Solvency
- 35.0%
Turnover▼ 27.5%
Net result
20192025
BRG GROUP
ActiveSummary
BRG GROUP has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€1.1m. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 910 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Construction of residential and non-residential buildings
NACE 41002NACE 41202NACE 74700
#10 company by equity in Schaarbeek, Construction sector1 site
Size
€7.4mturnover 2025
- Staff
- 22.1 FTE
- Equity
- €1.1m
- Loss
- -€1.1m
Structure
Accounts 14 d early1 of 38 deeds read
Why 68- Loss of €1.1m (FY 2025)- Sector Construction of residential and non-residential buildings (NACE 41)- 1 of the last 3 late+ Size: turnover €7.4m, total assets €3.1mShow the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 24% of its sector peers (NACE 41, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
60-7
equity 35.0% of total assets
Liquidity
30-21
short-term debt 65.0% · cash 11.7%
Profitability
0-87
return on assets -34.7%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
10-2025: 0.1%
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%▼ -3.6% vs 01-2026
03-2026: 0.1%▼ -1.5% vs 02-2026
04-2026: 0.1%▼ -3.8% vs 03-2026lowest value
05-2026: 0.1%▲ +3.1% vs 04-2026
06-2026: 0.1%▼ -2.3% vs 05-2026
07-2026: 0.1%▲ +6.2% vs 06-2026
08-2026: 0.7%▲ +380% vs 07-2026highest value
09-2026: 0.7%● 0.0% vs 08-2026highest value
10-2026: 0.7%● 0.0% vs 09-2026highest value
- Loss of €1.1m (FY 2025) raises the probability
- Size: turnover €7.4m, total assets €3.1m lowers the probability for this profile
- Sector Construction of residential and non-residential buildings (NACE 41) raises the probability
- 1 of the last 3 late raises the probability
Credit up to €70,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.89 in 2024; short-term debt: 65% and cash: 11.7% of total assets), and 65% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 41, small). Better than this share of them on solvency 54%, liquidity 32%, profitability 1%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
6 d late
2023
50 d late
2022
84 d late
2021
75 d late
2020
74 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 20 September (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Resignation: Hasan Bostan (director)Director discharge · Share transfer…
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€1.1m
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 07-09-2026Resignation: Hasan Bostan (director)
- 17-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Construction of residential and non-residential buildingsNACE 41002
- Founded
- 01-03-2001
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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