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Bricks & Beds

Active
Private limited company (pre-2019)founded 2016active for 10 yearsEmiel Creadolaan 33, 2620 Hemiksem, BelgiumKBO/BCE: BE 0656.648.329

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Bricks & Beds has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,418 and a net result of -€15,711. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 21% of 10,798 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 75 days after the deadline Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00558098.

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
14-10-2026
Format
abbreviated format
Reference
2026-00558098
Turnover
≈ €190,000
Estimated: probably between €150,000 and €250,000
Total assets
€143,059▲ 10.7%
2024 · €129,254
Net result
-€15,711▲ 36.2%
2024 · -€24,633
Working capital
€51,425▲ 27.7%
2024 · €40,261
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €115, smaller than the loss of €8,250 in 2024.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result-€115 2025 Net result-€15,711 2025

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€32,691-€35,905▲ 9.8%€22,913▼ 36.2%€29,884▲ 30.4%€40,003▲ 33.9%-€45,276-€8,250▲ 81.8%-€115▲ 98.6%
Net result€20,895-€22,149▲ 6.0%€14,290within the sector's middle half▼ 35.5%€19,817within the sector's middle half▲ 38.7%€29,943within the sector's middle half▲ 51.1%-€46,229below the sector's middle half-€24,633below the sector's middle half▲ 46.7%-€15,711below the sector's middle half▲ 36.2%
Equity€29,017-€49,542▲ 70.7%€62,231within the sector's middle half▲ 25.6%€82,048within the sector's middle half▲ 31.8%€111,991within the sector's middle half▲ 36.5%€65,762within the sector's middle half▼ 41.3%€41,129below the sector's middle half▼ 37.5%€25,418below the sector's middle half▼ 38.2%
Total assets€58,359-€68,689▲ 17.7%€100,012within the sector's middle half▲ 45.6%€94,625within the sector's middle half▼ 5.4%€130,217within the sector's middle half▲ 37.6%€113,646within the sector's middle half▼ 12.7%€129,254below the sector's middle half▲ 13.7%€143,059below the sector's middle half▲ 10.7%
Debt€29,342-€19,147▼ 34.7%€37,780▲ 97.3%€12,577▼ 66.7%€18,226▲ 44.9%€47,884▲ 163%€88,125▲ 84.0%€117,642▲ 33.5%
Working capital€27,612-€49,057▲ 77.7%€57,273within the sector's middle half▲ 16.7%€75,696within the sector's middle half▲ 32.2%€107,764within the sector's middle half▲ 42.4%€62,851within the sector's middle half▼ 41.7%€40,261within the sector's middle half▼ 35.9%€51,425within the sector's middle half▲ 27.7%
Solvency49.7%-72.1%▲ 22.4pp62.2%within the sector's middle half▼ 9.9pp86.7%above the sector's middle half▲ 24.5pp86.0%above the sector's middle half▼ 0.7pp57.9%within the sector's middle half▼ 28.1pp31.8%within the sector's middle half▼ 26.0pp17.8%below the sector's middle half▼ 14.1pp
Current ratio1.94-3.56▲ 1.622.52within the sector's middle half▼ 1.057.02above the sector's middle half▲ 4.507.12above the sector's middle half▲ 0.102.32within the sector's middle half▼ 4.801.46within the sector's middle half▼ 0.871.59within the sector's middle half▲ 0.13
Return on assets (ROA)35.8%-32.2%▼ 3.6pp14.3%within the sector's middle half▼ 18.0pp20.9%within the sector's middle half▲ 6.7pp23.0%within the sector's middle half▲ 2.1pp-40.7%below the sector's middle half▼ 63.7pp-19.1%below the sector's middle half▲ 21.6pp-11.0%below the sector's middle half▲ 8.1pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,059
Fixed assets €3,992 ▲ 360%
Current assets €139,067 ▲ 8.3%
Equity and liabilities €143,059
Equity €25,418 ▼ 38.2%
Debt €117,642 ▲ 33.5%
Debt's share of the balance-sheet total rises from 68.2% to 82.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€951▲
2024 · -€7,741
Cash flow
-€14,646▲
2024 · -€24,123
Debt to equity
4.63▲
2024 · 2.14
ROE
-61.8%▼
2024 · -59.9%
Interest coverage
0.23▲
2024 · -4.99
Debt ≤ 1 year
€87,642▼
2024 · €88,125
Debt > 1 year
€30,000
Income taxes
€16,157▼
2024 · €19,876
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Companies with the same profile, two years later

Historical observation

In July 2024, 1,294 companies had the same profile as Bricks & Beds has now. Two years later, 4.1% had gone bankrupt and 89.6% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
5.9% stopped otherwise
89.6% was still going

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Bricks & Beds itself: 0.9% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the 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% 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 1,294 companies, not a prediction for Bricks & Beds. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 at the NBB, filed on 14-10-2026.

Balance sheet Code20242025
Assets
Total assets20/58€129,254€143,059▲
Fixed assets21/28€868€3,992▲
Tangible fixed assets22/27€868€3,992▲
Furniture and vehicles24€868€3,992▲
Current assets29/58€128,386€139,067▲
Amounts receivable within one year40/41€117,305€124,362▲
Trade receivables40€29,835€45,992▲
Other amounts receivable41€87,470€78,370▼
Cash at bank and in hand54/58€9,481€12,942▲
Deferred charges and accrued income490/1€1,600€1,763▲
Equity and liabilities
Total equity and liabilities10/49€129,254€143,059▲
Equity10/15€41,129€25,418▼
Contributions10/11€6,262€6,262=
Reserves13€75,786€75,786=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€73,926€73,926=
Profit (loss) carried forward14-€40,919-€56,630▼
Amounts payable17/49€88,125€117,642▲
Amounts payable after more than one year17-€30,000
Financial debts170/4-€30,000
Amounts payable within one year42/48€88,125€87,642▼
Trade debts44€27,306€54,641▲
Suppliers440/4€27,306€54,641▲
Taxes, remuneration and social security45€29,819€33,001▲
Taxes450/3€29,819€33,001▲
Other amounts payable47/48€31,000€0▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€509€1,066▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€112,447
Other operating charges640/8€3,194€5,072▲
Gross operating margin9900-€4,547€118,470▲
Operating profit (loss)9901-€8,250-€115▲
Financial income75/76B€5,045€4,725▼
Recurring financial income75€5,045€4,725▼
Financial charges65/66B€1,551€4,165▲
Recurring financial charges65€1,551€4,165▲
Profit (loss) for the period before taxes9903-€4,756€446▲
Income taxes67/77€19,876€16,157▼
Profit (loss) for the period9904-€24,633-€15,711▲
Profit (loss) for the period to be appropriated9905-€24,633-€15,711▲
Appropriation of the result
Profit (loss) to be appropriated9906-€40,919-€56,630▼
Profit (loss) brought forward from the previous period14P-€16,286-€40,919▼

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€5,252-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,529€920€529€1,149€1,509€1,509€509€1,066▲ 109%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-------€112,447-
Other operating charges640/8---€535€1,475€1,796€3,194€5,072▲ 58.8%
Gross operating margin9900€35,619€38,131€25,929€31,568€42,987-€41,971-€4,547€118,470-
Operating profit (loss)9901€32,691€35,905€22,913€29,884€40,003-€45,276-€8,250-€115▲ 98.6%
Financial income75/76B---€1,973-€6€5,045€4,725▼ 6.3%
Recurring financial income75€0€0-€1,973-€6€5,045€4,725▼ 6.3%
Financial charges65/66B---€756€60€959€1,551€4,165▲ 168%
Recurring financial charges65€1,103€1,051€1,079€756€60€959€1,551€4,165▲ 168%
Profit (loss) for the period before taxes9903€31,588€34,853€21,834€31,101€39,943-€46,229-€4,756€446-
Income taxes67/77€10,693€12,704€7,545€11,284€10,000-€19,876€16,157▼ 18.7%
Profit (loss) for the period9904€20,895€22,149€14,290€19,817€29,943-€46,229-€24,633-€15,711▲ 36.2%
Profit (loss) for the period to be appropriated9905€20,895€22,149€14,290€19,817€29,943-€46,229-€24,633-€15,711▲ 36.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€58,359€68,689€100,012€94,625€130,217€113,646€129,254€143,059▲ 10.7%
Fixed assets21/28€1,405€485€4,959€6,352€4,843€3,334€868€3,992▲ 360%
Tangible fixed assets22/27€1,405€485€4,959€6,352€4,843€3,334€868€3,992▲ 360%
Furniture and vehicles24---€6,352€4,843€3,334€868€3,992▲ 360%
Current assets29/58€56,954€68,204€95,053€88,273€125,374€110,312€128,386€139,067▲ 8.3%
Amounts receivable within one year40/41€44,089€52,822€86,315€74,817€84,283€99,949€117,305€124,362▲ 6.0%
Trade receivables40---€44,377€37,623€24,620€29,835€45,992▲ 54.2%
Other amounts receivable41---€30,440€46,660€75,329€87,470€78,370▼ 10.4%
Cash at bank and in hand54/58€11,939€14,403€7,701€9,230€36,865€6,136€9,481€12,942▲ 36.5%
Deferred charges and accrued income490/1---€4,226€4,226€4,227€1,600€1,763▲ 10.2%
Equity and liabilities
Total equity and liabilities10/49€58,359€68,689€100,012€94,625€130,217€113,646€129,254€143,059▲ 10.7%
Equity10/15€29,017€49,542€62,231€82,048€111,991€65,762€41,129€25,418▼ 38.2%
Contributions10/11€6,262€6,262-€6,262€6,262€6,262€6,262€6,262=
Reserves13€22,755€43,280€55,969€75,786€75,786€75,786€75,786€75,786=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133---€73,926€73,926€73,926€73,926€73,926=
Profit (loss) carried forward14----€29,943-€16,286-€40,919-€56,630▼ 38.4%
Amounts payable17/49€29,342€19,147€37,780€12,577€18,226€47,884€88,125€117,642▲ 33.5%
Amounts payable after more than one year17-------€30,000-
Financial debts170/4-------€30,000-
Amounts payable within one year42/48€29,342€19,147€37,780€12,577€17,610€47,461€88,125€87,642▼ 0.5%
Trade debts44€3,615€362€20,066€1,706-€2,479€27,306€54,641▲ 100%
Suppliers440/4---€1,706-€2,479€27,306€54,641▲ 100%
Taxes, remuneration and social security45---€10,871€17,610€11,982€29,819€33,001▲ 10.7%
Taxes450/3---€10,871€17,610€11,982€29,819€33,001▲ 10.7%
Other amounts payable47/48-----€33,000€31,000€0▼ 100%
Accrued charges and deferred income492/3----€616€423€0--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€20,895€22,149€14,290€19,817€29,943-€46,229-€24,633-€15,711▲ 36.2%
+ Depreciation and write-downs630€1,529€920€529€1,149€1,509€1,509€509€1,066▲ 109%
Operating cash flow (approximation)€22,424€23,069€14,818€20,966€31,452-€44,720-€24,123-€14,646▲ 39.3%
Investment in fixed assets (approximation)-€0-€5,003-€2,542€0€0€1,957-€4,191-
Change in cash-€2,464-€6,702€1,529€27,635-€30,729€3,345€3,462▲ 3.5%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 14-10-2026 2026-00558098 NBB
31-12-2024 abbreviated format 16-09-2026 2026-00515186 NBB
31-12-2023 micro format 13-11-2024 2024-00533104 PDF
31-12-2022 micro format 13-11-2024 2024-00533103 PDF
31-12-2021 micro format 13-11-2024 2024-00533102 PDF
31-12-2020 micro format 31-08-2021 2021-63000311 PDF
31-12-2019 micro format 29-07-2020 2020-37000138 PDF
31-12-2018 micro format 30-07-2019 2019-41200593 PDF
31-12-2017 micro format 26-07-2018 2018-38800122 PDF

Comparable companies

These companies have the same main activity as Bricks & Beds: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €130,000 and €153,000, founded between 2015 and 2017.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
Bricks & Beds Hemiksem2016€143,059€25,418€118,470-€15,711-2025
Casteel Antwerpen2016€136,868€25,000€115,452€79,417-2025
MSVA Antwerpen2015€130,086€17,033€119,922€90,053-2025
T. MEEUS Kasterlee2016€131,634-€109,429€74,198-2025
Straf Werk Antwerpen2015€143,274€34,934€107,472€74,491-2025
Davy Den abt Bouwwerken Westerlo2017€144,092€62,212€108,948€78,29902025
Vlitix Vosselaar2015€152,889€55,303€106,461€36,703-2025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Subsidies and aid

Flemish government

2023 · 1 entry · €504 awarded · €504 paid
Schemes
1 entry · €504 · €504 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.