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BRICKS ON HEELS

Active
Private limited companyfounded 20179 yrs activeBrakelstraat 54, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0675.352.996
Summary

BRICKS ON HEELS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126,295 and a net result of €4,412. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 19387 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€589,846total assets 2024
Equity
€126,295
Profit
€4,412
Turnover not published (abridged schema)
Financial health
67 Healthy Checked score 2024
Bankruptcy chance 12 m
1.1%
Structure
Accounts 67 d overdue0 of 2 deeds read
Why 67- 1 financial year not filed after the legal deadline; latest accounts 75 days late; 2 of the last 3 late- Figures for FY 2024 (filed 16-10-2025)+ Sector Real estate activities (NACE 68)+ Liquidity: current ratio 10.02, cash €141,225, halvedShow the evidence

Checked score

Score 2024
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 60% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency 46+4
equity 21.4% of total assets
Liquidity 80-17
short-term debt 4.2% · cash 23.9%
Profitability 70-7
return on assets 0.7%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,530 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%▲ +8.4% vs 11-2024 01-2025: 0.1%▼ -1.0% vs 12-2024 02-2025: 0.1%▲ +1.0% vs 01-2025 03-2025: 0.1%▲ +1.9% vs 02-2025 04-2025: 0.1%▼ -1.0% vs 03-2025 05-2025: 0.1%▲ +9.6% vs 04-2025 06-2025: 0.1%▲ +22.8% vs 05-2025 07-2025: 0.2%▲ +14.3% vs 06-2025 08-2025: 0.3%▲ +86.3% vs 07-2025 09-2025: 0.4%▲ +28.2% vs 08-2025 10-2025: 0.7%▲ +72.8% vs 09-2025 11-2025: 0.4%▼ -43.2% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%▼ -1.3% vs 12-2025 02-2026: 0.4%▼ -0.8% vs 01-2026 03-2026: 0.4%▼ -1.6% vs 02-2026 04-2026: 0.4%▲ +2.2% vs 03-2026 05-2026: 0.4%▲ +0.5% vs 04-2026 06-2026: 0.4%▲ +2.2% vs 05-2026 07-2026: 0.4%▲ +2.9% vs 06-2026 08-2026: 0.7%▲ +77.7% vs 07-2026 09-2026: 0.8%▲ +11.7% vs 08-2026 10-2026: 1.1%▲ +41.7% vs 09-2026highest value
  • 1 financial year not filed after the legal deadline; latest accounts 75 days late; 2 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 16-10-2025) raises the probability
  • Sector Real estate activities (NACE 68) lowers the probability
  • Liquidity: current ratio 10.02, cash €141,225, halved lowers the probability
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 10.02 against 3.2 in 2023; short-term debt: 4.2% and cash: 23.9% of total assets), but 78.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 41%, liquidity 86%, profitability 58%, growth against the median 56%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 75 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 16-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 10.02, cash €141,225, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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 · 6 filings
Deviation from the deadline
2025
not confirmed
2024
75 d late
2023
27 d late
2022
67 d late
2021
31 d late
2020
33 d late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 39 days 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 (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Liquidity triplescurrent ratio 10.02
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Total assets 20246 fiscal years filed €589,846 View
  • Active since 2017founded 02-05-2017 9 years View

By topic

Financials

Fiscal year
2024
Total assets
€589,846
Profit
€4,412
Solvency
21.4%
Total assets▼ 16.4%
Net result
20192024
Go to Financials

Timeline

Events
11
Since
2019
  1. 14-10-2025Annual accounts filed
  2. 31-12-2024Liquidity triples
  3. 27-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
02-05-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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