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Brick Management

Active
Private limited companyfounded 20241 yr activeBaron Albert d'Huartlaan 146A, 1950 Kraainem, BelgiumKBO/BCE: BE 1015.889.413
Summary

Brick Management has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,340 and a net result of €18,019. Its solvency ranks better than 52% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency57▲+57
Growth78
Track record82
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.17; short-term debt: 45.9% and cash: 53.8% of total assets), and 67.9% of the assets are financed with debt.
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Signals

Four 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
32.1%
Return on assets
35.4%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
30 d early
2024
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 November 2024, Brick Management was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€16,340
2024 · -€1,679
Total assets
€50,955▲ 2,098%
2024 · €2,318
Net result
€18,019
2024 · -€1,680
Working capital
€4,033
2024 · -€1,679
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€1,680-€24,618
Net result-€1,680within the sector's middle half-€18,019within the sector's middle half
Equity-€1,679below the sector's middle half-€16,340within the sector's middle half
Total assets€2,318below the sector's middle half-€50,955below the sector's middle half▲ 2,098%
Debt€3,997-€34,615▲ 766%
Working capital-€1,679within the sector's middle half-€4,033within the sector's middle half
Solvency32.1%within the sector's middle half
Current ratio1.17within the sector's middle half
Return on assets (ROA)35.4%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
-€10,000€0€10,000€20,000Operating result 2024: -€1,680-€1,680Net result 2024: -€1,680-€1,680Operating result 2025: €24,618€24,618Net result 2025: €18,019€18,01920242025-€10,000€0€10,000€20,000Operating result 2024: -€1,680-€1,680Net result 2024: -€1,680-€1,680Operating result 2025: €24,618€24,600Net result 2025: €18,019€18,00020242025
The operating result returns to profit in 2025: €24,618 after a loss of €1,680 in 2024.
Balance-sheet composition
Assets €50,955
Fixed assets €23,550
Current assets €27,406
Equity and liabilities €50,955
Equity €16,340
Debt €34,615
Debt finances 67.9% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30,329
Cash flow
€23,730
Debt to equity
2.12
ROE
110.3%
Interest coverage
35.89
Debt ≤ 1 year
€23,372▲
2024 · €3,997
Debt > 1 year
€6,961
Income taxes
€5,754
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,318€50,955▲
Fixed assets21/28-€23,550
Tangible fixed assets22/27-€23,550
Furniture and vehicles24-€23,550
Current assets29/58€2,318€27,406▲
Amounts receivable within one year40/41€204-
Other amounts receivable41€204-
Cash at bank and in hand54/58€2,114€27,406▲
Equity and liabilities
Total equity and liabilities10/49€2,318€50,955▲
Equity10/15-€1,679€16,340▲
Contributions10/11€1€1=
Profit (loss) carried forward14-€1,680€16,339▲
Amounts payable17/49€3,997€34,615▲
Amounts payable after more than one year17-€6,961
Financial debts170/4-€6,961
Amounts payable within one year42/48€3,997€23,372▲
Current portion of amounts payable after more than one year42-€11,631
Trade debts44€1,497€152▼
Suppliers440/4€1,497€152▼
Taxes, remuneration and social security45-€8,811
Taxes450/3-€8,811
Other amounts payable47/48€2,500€2,778▲
Accrued charges and deferred income492/3-€4,282
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5,710
Other operating charges640/8€706€754▲
Gross operating margin9900-€974€31,083▲
Operating profit (loss)9901-€1,680€24,618▲
Financial charges65/66B-€845
Recurring financial charges65-€845
Profit (loss) for the period before taxes9903-€1,680€23,773▲
Income taxes67/77-€5,754
Profit (loss) for the period9904-€1,680€18,019▲
Profit (loss) for the period to be appropriated9905-€1,680€18,019▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,680€16,339▲
Profit (loss) brought forward from the previous period14P--€1,680

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5,710-
Other operating charges640/8€706€754▲ 6.8%
Gross operating margin9900-€974€31,083▲ 3,292%
Operating profit (loss)9901-€1,680€24,618▲ 1,565%
Financial charges65/66B-€845-
Recurring financial charges65-€845-
Profit (loss) for the period before taxes9903-€1,680€23,773▲ 1,515%
Income taxes67/77-€5,754-
Profit (loss) for the period9904-€1,680€18,019▲ 1,173%
Profit (loss) for the period to be appropriated9905-€1,680€18,019▲ 1,173%
Line20242025Change
Assets
Total assets20/58€2,318€50,955▲ 2,098%
Fixed assets21/28-€23,550-
Tangible fixed assets22/27-€23,550-
Furniture and vehicles24-€23,550-
Current assets29/58€2,318€27,406▲ 1,082%
Amounts receivable within one year40/41€204--
Other amounts receivable41€204--
Cash at bank and in hand54/58€2,114€27,406▲ 1,197%
Equity and liabilities
Total equity and liabilities10/49€2,318€50,955▲ 2,098%
Equity10/15-€1,679€16,340▲ 1,073%
Contributions10/11€1€1=
Profit (loss) carried forward14-€1,680€16,339▲ 1,073%
Amounts payable17/49€3,997€34,615▲ 766%
Amounts payable after more than one year17-€6,961-
Financial debts170/4-€6,961-
Amounts payable within one year42/48€3,997€23,372▲ 485%
Current portion of amounts payable after more than one year42-€11,631-
Trade debts44€1,497€152▼ 89.8%
Suppliers440/4€1,497€152▼ 89.8%
Taxes, remuneration and social security45-€8,811-
Taxes450/3-€8,811-
Other amounts payable47/48€2,500€2,778▲ 11.1%
Accrued charges and deferred income492/3-€4,282-
Line20242025Change
Profit (loss) for the period9904-€1,680€18,019▲ 1,173%
+ Depreciation and write-downs630-€5,710-
Operating cash flow (approximation)-€1,680€23,730▲ 1,513%
Change in cash-€25,292-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €18,019
Net result €18,019 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 1.17
Current ratio from 0.58 to 1.17.
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kraainem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,593 m²
Building footprint
249 m²
Volume, LiDAR
1,572 m³
Parcel 22002C0043/00M021, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brick Management
Baron Albert d'Huartlaan 146A, 1950 KraainemProperty management for co-owned buildings (syndics)
since 20242.367.002.809
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22002C0043/00M021 Flanders 1,593 m² 1 · 249 m² 10.5 m · 2 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.

Similar companies · same sector, comparable size

Of 3,759 companies in this sector we hold annual accounts for 1,393. 650 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded05-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015889413
Also 9925:BE1015889413
Registered 17-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.