Debts
€917,528 81% of the balance sheet
Financial debts 88%Suppliers 1%Taxes and wages 0%Other 11%
Of this, €69,224 falls due within a year.
Bricks & Mortar
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 35% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 2.4%
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.5%▲ +0.1 percentage points vs 01-2026
03-2026: 2.9%▲ +0.4 percentage points vs 02-2026
04-2026: 3.1%▲ +0.2 percentage points vs 03-2026
05-2026: 3.4%▲ +0.3 percentage points vs 04-2026
06-2026: 3.4%● unchanged vs 05-2026
07-2026: 3.6%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 0.2%▼ -3.4 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
lowers risk
Size: total assets €1.1m
No main activity registered
Figures for financial year 2025 (filed on 31-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 27% of them on solvency, 44% on liquidity and 33% on profitability.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,107 companies had the same profile as Bricks & Mortar has now. Each dot stands for 31 companies, two years later.
97.3%
were still trading
1.4%
stopped another way
1.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Bricks & Mortar itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 12,107 companies, not a prediction for Bricks & Mortar. 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.
Credit verdict
Credit of up to €18,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is tight, with a current ratio of 1.24, below the usual 1.5. Short-term debt is 6.1% and cash 1.2% of total assets. 80.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
on the day
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
2 directors resigning
T.M. MANAGEMENT and INITIUM · Permanent representatives: Tom Martens and Maarten Bynens · Director discharge: T.M. MANAGEMENT · General meeting of 23-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016690850
Incorporation
Founding capital of €210,000, 210,000 shares · Founders: INITIUM, POLLARIS Jan, UTEN Wouter Paul Maria-Louisa and 2 others · Appointments: JPO CONSULT, INITIUM, ELITOR, LARSA and T.M. MANAGEMENT · published on 29-11-2024 · Gazette deed
First establishment
Kunstlaan 18, Hasselt
Official details
Source: KBO- Status
- Active since 27-11-2024Normal situation
- Registered office
- 21 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- “Onderneming in onroerende goederen;” (deed in Dutch)From the articles, 14 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.368.274.3013500 Hasselt, since 27-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 03-06-2025
Annual accounts 2025
- ≈ €250,000estimated
- €1.1m
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Bricks & Mortar
Bricks & Mortar has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218,183 and a net result of €8,183.
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bricks & Mortar
- What is the company number of Bricks & Mortar?
- The company number of Bricks & Mortar is 1016.690.850. The VAT number is the same number with BE in front: BE 1016.690.850.
- Where is Bricks & Mortar based?
- The registered office is at Kunstlaan 18, 3500 Hasselt.Company details
- What is the legal form of Bricks & Mortar?
- Bricks & Mortar is a private limited company (BV).
- When was Bricks & Mortar founded?
- Bricks & Mortar was founded on 27-11-2024.
- Is Bricks & Mortar still active?
- Yes, Bricks & Mortar is an active enterprise in the KBO register.
- What is the turnover of Bricks & Mortar?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €84,677 and 2,663 comparable companies of the same size. It probably lies between €170,000 and €440,000. It is a rough estimate.Financials
- Is Bricks & Mortar profitable?
- In financial year 2025, Bricks & Mortar made a profit of €8,183.
- Where can I find the annual accounts of Bricks & Mortar?
- Bricks & Mortar filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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