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Bricks IFS

Active
Private limited companyfounded 201610 yrs activeEssenestraat 4, 1740 Ternat, BelgiumKBO/BCE: BE 0656.610.816
Summary

Bricks IFS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €232,131 and a net result of -€42,378. Equity is shrinking by ~6.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2026
Axes · tick = 2025
Profitability12▼-58
Solvency55▼-6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.06 against 0.01 in 2025; short-term debt: 31.3% and cash: 1.1% of total assets), and 69.5% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Filed after the deadline
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 09-09-2026, 9 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 · 3 filings
Deviation from the deadline
2026
9 d late
2025
30 d late
2024
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 22 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 28 September (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-01-2027 close31-08-2027 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

Bricks IFS was incorporated on 13 June 2016.1 Total assets went from EUR 798,962 in 2024 to EUR 761,986 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€232,131▼ 15.4%
2025 · €274,510
Total assets
€761,986▼ 1.4%
2025 · €773,084
Net result
-€42,378
2025 · €9,804
Working capital
-€223,281▼ 52.1%
2025 · -€146,825
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202420252026
Operating result€74,956-€19,324▼ 74.2%-€35,865
Net result€49,513-€9,804▼ 80.2%-€42,378
Equity€264,706-€274,510▲ 3.7%€232,131▼ 15.4%
Total assets€798,962-€773,084▼ 3.2%€761,986▼ 1.4%
Debt€534,256-€498,574▼ 6.7%€529,855▲ 6.3%
Working capital-€115,986--€146,825▼ 26.6%-€223,281▼ 52.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000Operating result 2024: €74,956€74,956Net result 2024: €49,513€49,513Operating result 2025: €19,324€19,324Net result 2025: €9,804€9,804Operating result 2026: -€35,865-€35,865Net result 2026: -€42,378-€42,378202420252026-€50,000€0€50,000Operating result 2024: €74,956€75,000Net result 2024: €49,513€49,500Operating result 2025: €19,324€19,300Net result 2025: €9,804€9,800Operating result 2026: -€35,865-€35,900Net result 2026: -€42,378-€42,400202420252026
The operating result turns negative in 2026: a loss of €35,865 after €19,324 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €761,986
Fixed assets €747,122 ▼ 3.2%
Current assets €14,865 ▲ 875%
Equity and liabilities €761,986
Equity €232,131 ▼ 15.4%
Debt €529,855 ▲ 6.3%
Debt's share of the balance-sheet total rises from 64.5% to 69.5%. Equity is lower and debt is higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
-€11,427▼
2025 · €43,762
Cash flow
-€17,940▼
2025 · €34,242
Current ratio
0.06▲
2025 · 0.01
Debt to equity
2.28▲
2025 · 1.82
ROE
-18.3%▼
2025 · 3.6%
ROA
-5.6%▼
2025 · 1.3%
Interest coverage
-1.75▼
2025 · 7.48
Debt ≤ 1 year
€238,146▲
2025 · €148,349
Debt > 1 year
€291,709▼
2025 · €350,225
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,687 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
5.4% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% 1.9%
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 2,687 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 · 2026 against 2025 · 39 lines
Balance sheet Code20252026
Assets
Total assets20/58€773,084€761,986▼
Fixed assets21/28€771,560€747,122▼
Tangible fixed assets22/27€771,560€747,122▼
Land and buildings22€771,560€747,122▼
Current assets29/58€1,524€14,865▲
Cash at bank and in hand54/58€1,524€8,365▲
Deferred charges and accrued income490/1-€6,500
Equity and liabilities
Total equity and liabilities10/49€773,084€761,986▼
Equity10/15€274,510€232,131▼
Contributions10/11€150,000€150,000=
Reserves13€30,000€30,000=
Non-distributable reserves130/1€15,000€15,000=
Reserves not available under the articles1311€15,000€15,000=
Distributable reserves133€15,000€15,000=
Profit (loss) carried forward14€94,510€52,131▼
Amounts payable17/49€498,574€529,855▲
Amounts payable after more than one year17€350,225€291,709▼
Financial debts170/4€350,225€291,709▼
Amounts payable within one year42/48€148,349€238,146▲
Current portion of amounts payable after more than one year42€72,193€58,516▼
Financial debts43-€7
Credit institutions430/8-€7
Trade debts44€2,057-
Suppliers440/4€2,057-
Taxes, remuneration and social security45€21,696€3,672▼
Taxes450/3€21,696€3,672▼
Other amounts payable47/48€52,403€175,951▲
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,438€24,438=
Other operating charges640/8€2,010€12,342▲
Gross operating margin9900€45,772€916▼
Operating profit (loss)9901€19,324-€35,865▼
Financial charges65/66B€5,848€6,513▲
Recurring financial charges65€5,848€6,513▲
Profit (loss) for the period before taxes9903€13,476-€42,378▼
Income taxes67/77€3,672-
Profit (loss) for the period9904€9,804-€42,378▼
Profit (loss) for the period to be appropriated9905€9,804-€42,378▼
Appropriation of the result
Profit (loss) to be appropriated9906€94,510€52,131▼
Profit (loss) brought forward from the previous period14P€84,706€94,510▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,438€24,438€24,438=
Other operating charges640/8€10,024€2,010€12,342▲ 514%
Gross operating margin9900€109,419€45,772€916▼ 98.0%
Operating profit (loss)9901€74,956€19,324-€35,865▼ 286%
Financial charges65/66B€7,420€5,848€6,513▲ 11.4%
Recurring financial charges65€7,420€5,848€6,513▲ 11.4%
Profit (loss) for the period before taxes9903€67,537€13,476-€42,378▼ 414%
Income taxes67/77€18,024€3,672--
Profit (loss) for the period9904€49,513€9,804-€42,378▼ 532%
Profit (loss) for the period to be appropriated9905€49,513€9,804-€42,378▼ 532%
Line202420252026Change
Assets
Total assets20/58€798,962€773,084€761,986▼ 1.4%
Fixed assets21/28€795,998€771,560€747,122▼ 3.2%
Tangible fixed assets22/27€795,998€771,560€747,122▼ 3.2%
Land and buildings22€795,998€771,560€747,122▼ 3.2%
Current assets29/58€2,964€1,524€14,865▲ 875%
Amounts receivable within one year40/41€2,144---
Other amounts receivable41€2,144---
Cash at bank and in hand54/58€820€1,524€8,365▲ 449%
Deferred charges and accrued income490/1--€6,500-
Equity and liabilities
Total equity and liabilities10/49€798,962€773,084€761,986▼ 1.4%
Equity10/15€264,706€274,510€232,131▼ 15.4%
Contributions10/11€150,000€150,000€150,000=
Reserves13€30,000€30,000€30,000=
Non-distributable reserves130/1€15,000€15,000€15,000=
Reserves not available under the articles1311€15,000€15,000€15,000=
Distributable reserves133€15,000€15,000€15,000=
Profit (loss) carried forward14€84,706€94,510€52,131▼ 44.8%
Amounts payable17/49€534,256€498,574€529,855▲ 6.3%
Amounts payable after more than one year17€413,478€350,225€291,709▼ 16.7%
Financial debts170/4€413,478€350,225€291,709▼ 16.7%
Amounts payable within one year42/48€118,950€148,349€238,146▲ 60.5%
Current portion of amounts payable after more than one year42€62,596€72,193€58,516▼ 18.9%
Financial debts43--€7-
Credit institutions430/8--€7-
Trade debts44€3,183€2,057--
Suppliers440/4€3,183€2,057--
Taxes, remuneration and social security45€23,009€21,696€3,672▼ 83.1%
Taxes450/3€23,009€21,696€3,672▼ 83.1%
Other amounts payable47/48€30,163€52,403€175,951▲ 236%
Accrued charges and deferred income492/3€1,828---
Line202420252026Change
Profit (loss) for the period9904€49,513€9,804-€42,378▼ 532%
+ Depreciation and write-downs630€24,438€24,438€24,438=
Operating cash flow (approximation)€73,951€34,242-€17,940▼ 152%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€704€6,841▲ 872%

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 2027, expected by 31-08-2027
2026
09-09
NBB filing Annual accounts filed
fiscal year 2026 · micro schema · 9 days late
31-01
Financial Weakest financial yearnet -€42,378
Net result drops to -€42,378, the lowest in the series.
2025
30-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2024
27-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
Financial 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, Ternat · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
2,486 m²
Building footprint
1,117 m²
Volume, LiDAR
4,551 m³
Parcel 23086A0664/00K000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
BRICKS IFS
Essenestraat 4, 1740 TernatFinancial service activities, except insurance and pension funding
since 20162.254.087.384
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23086A0664/00K000 Flanders 2,486 m² 1 · 1,117 m² 6.3 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded13-06-2016
Fiscal year end31-01
E-invoicing
Reachable via Peppol
Peppol ID 0208:0656610816
Also 9925:BE0656610816
Registered 17-01-2026

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

Register as of 29 September 2026 · Peppol Directory

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