BRICKS INVEST
ActiveBRICKS INVEST has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223k and a net result of €-184k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 49% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-3
Solvency53▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.48 against 4.29 in 2024; short-term debt: 27.7% and cash: 1.5% of total assets), but 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-184k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
2023
22 d early
2022
47 d early
2021
37 d early
2020
52 d early
2019
56 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€223k▼ 45.3%
2024 · €407k
2018: €554k
2019: €324k
2020: €307k
2021: €295k
2022: €282k
2023: €533k
2024: €407k
2018 → 2025
Total assets
€799k▼ 18.8%
2024 · €984k
2018: €1.33M
2019: €355k
2020: €342k
2021: €327k
2022: €283k
2023: €1.10M
2024: €984k
2018 → 2025
Net result
€-184k▼ 45.8%
2024 · €-126k
2018: €-102k
2019: €70k
2020: €-18k
2021: €-12k
2022: €-13k
2023: €228k
2024: €-126k
2018 → 2025
Working capital
€548k▼ 24.8%
2024 · €728k
2018: €289k
2019: €323k
2020: €294k
2021: €295k
2022: €282k
2023: €924k
2024: €728k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€295k-€282k▼ 4.4%€533k▲ 89.2%€407k▼ 23.7%€223k▼ 45.3%
Operating result€-1k-€-22k▼ 1,619%€-76k▼ 251%€-23k▲ 70.1%€-6k▲ 72.8%
Net result€-12k-€-13k▼ 8.0%€228k€-126k€-184k▼ 45.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €799k
Fixed assets
€30k▼ 11.1%
Current assets
€769k▼ 19.0%
Equity and liabilities €799k
Equity
€223k▼ 45.3%
Debt
€576k=
The debt ratio rises from 58.6% to 72.1%. Equity is lower.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-19k
Cash flow
€-181k▼
2024 · €-123k
Solvency
27.9%▼
2024 · 41.4%
Current ratio
3.48▼
2024 · 4.29
Quick ratio
3.48▼
2024 · 4.29
Debt / equity
2.59▲
2024 · 1.42
ROE
-82.8%▼
2024 · -31.1%
ROA
-23.1%▼
2024 · -12.9%
Interest coverage
-0.01▲
2024 · -0.16
Debt
€576k=
2024 · €577k
Debt ≤ 1 year
€221k▼
2024 · €221k
Debt > 1 year
€350k=
2024 · €350k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€984k€799k▼
Fixed assets21/28€34k€30k▼
Tangible fixed assets22/27€34k€30k▼
Furniture and vehicles24€34k€30k▼
Current assets29/58€950k€769k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€37k€21k▼
Trade receivables40€12k€21k▲
Other amounts receivable41€25k€34▼
Current investments50/53€905k€735k▼
Cash at bank and in hand54/58€8k€12k▲
Deferred charges and accrued income490/1€191€264▲
Equity and liabilities
Total equity and liabilities10/49€984k€799k▼
Equity10/15€407k€223k▼
Contributions10/11€274k€274k=
Reserves13€134k€0▼
Distributable reserves133€134k€0▼
Profit (loss) carried forward14€0€-51k▼
Amounts payable17/49€577k€576k=
Amounts payable after more than one year17€350k€350k=
Financial debts170/4€350k€350k=
Amounts payable within one year42/48€221k€221k▼
Current portion of amounts payable after more than one year42€100k€100k=
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€121k€121k▼
Suppliers440/4€121k€121k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€5k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€323€128▼
Gross operating margin9900€-19k€-2k▲
Operating profit (loss)9901€-23k€-6k▲
Financial income75/76B€18k€71k▲
Recurring financial income75€18k€71k▲
Financial charges65/66B€121k€249k▲
Recurring financial charges65€121k€249k▲
Profit (loss) for the period before taxes9903€-126k€-184k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-126k€-184k▼
Profit (loss) for the period to be appropriated9905€-126k€-184k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-126k€-184k▼
Transfer from equity791/2€126k€134k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-184k
Net result drops to €-184k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €228k
Net result €228k after 3 loss-making years.
31-12
Financial
Equity above €500kEq €533k ▲89.2%
Equity rises from €282k to €533k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 35current ratio 351.81
Current ratio from 10.11 to 351.81; short-term debt falls from €32k to €804.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 11.44
Current ratio from 1.40 to 11.44; short-term debt falls from €725k to €31k.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Koksijde · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Witte Burg(Odk) 408670 KoksijdeGround area
3,303 m²
Building footprint
882 m²
Volume, LiDAR
1,939 m³
Parcel 38502F0745/00A000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bricks Invest
since 20042.158.166.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0745/00A000 | Flanders | 3,303 m² | 1 · 882 m² | 8.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400S395D7KR2FBF82
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,381. 5,295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2004
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.