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BrightSide Partners

Active
Private limited companyfounded 20251 yr activeJulius Caesarlaan 27, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 1024.170.936
Summary

The computed 12-month bankruptcy probability of BrightSide Partners is 3.7% (moderate). The 2025 annual accounts show equity of €168,912 and a net result of -€231,088. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability9
Solvency37
Growth-
Track record67
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.81; short-term debt: 7.2% and cash: 5.8% of total assets), and 88.4% of the assets are financed with debt.
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Signals

Four 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
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 02-07-2026, 29 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
29 d early
← before the deadline after the deadline →
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

History

BrightSide Partners was incorporated on 11 June 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€168,912
Total assets
€1.5m
Net result
-€231,088
Working capital
-€20,140

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €1.5m
Fixed assets €1.4m
Current assets €84,541
Equity and liabilities €1.5m
Equity €168,912
Debt €1.3m
Debt finances 88.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€26,491
Cash flow
€3,091
Current ratio
0.81
Debt to equity
7.60
ROE
-136.8%
ROA
-15.9%
Interest coverage
1.13
Debt ≤ 1 year
€104,681
Debt > 1 year
€1.2m

Peer companies

Historical observation

Of the 688 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 89% are still going.

  • Small
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
  • without age
5.2% went bankrupt
4.4% stopped otherwise
89% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.7% over twelve months; the group does not contradict it.

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 688 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 · 2025 · 30 lines
Balance sheet Code2025
Assets
Total assets20/58€1.5m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.4m
Plant, machinery and equipment23€9,405
Current assets29/58€84,541
Cash at bank and in hand54/58€84,541
Equity and liabilities
Total equity and liabilities10/49€1.5m
Equity10/15€168,912
Contributions10/11€400,000
Profit (loss) carried forward14-€231,088
Amounts payable17/49€1.3m
Amounts payable after more than one year17€1.2m
Financial debts170/4€1.2m
Other amounts payable178/9€5,775
Amounts payable within one year42/48€104,681
Current portion of amounts payable after more than one year42€32,771
Trade debts44€3,785
Suppliers440/4€3,785
Other amounts payable47/48€68,125
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€234,179
Other operating charges640/8€1,776
Gross operating margin9900€28,267
Operating profit (loss)9901-€207,688
Financial charges65/66B€23,400
Recurring financial charges65€23,400
Profit (loss) for the period before taxes9903-€231,088
Profit (loss) for the period9904-€231,088
Profit (loss) for the period to be appropriated9905-€231,088
Appropriation of the result
Profit (loss) to be appropriated9906-€231,088

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€234,179
Other operating charges640/8€1,776
Gross operating margin9900€28,267
Operating profit (loss)9901-€207,688
Financial charges65/66B€23,400
Recurring financial charges65€23,400
Profit (loss) for the period before taxes9903-€231,088
Profit (loss) for the period9904-€231,088
Profit (loss) for the period to be appropriated9905-€231,088
Line2025
Assets
Total assets20/58€1.5m
Fixed assets21/28€1.4m
Tangible fixed assets22/27€1.4m
Land and buildings22€1.4m
Plant, machinery and equipment23€9,405
Current assets29/58€84,541
Cash at bank and in hand54/58€84,541
Equity and liabilities
Total equity and liabilities10/49€1.5m
Equity10/15€168,912
Contributions10/11€400,000
Profit (loss) carried forward14-€231,088
Amounts payable17/49€1.3m
Amounts payable after more than one year17€1.2m
Financial debts170/4€1.2m
Other amounts payable178/9€5,775
Amounts payable within one year42/48€104,681
Current portion of amounts payable after more than one year42€32,771
Trade debts44€3,785
Suppliers440/4€3,785
Other amounts payable47/48€68,125
Line2025
Profit (loss) for the period9904-€231,088
+ Depreciation and write-downs630€234,179
Operating cash flow (approximation)€3,091

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

2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Pieters-Woluwe · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
534 m²
Building footprint
115 m²
Volume, LiDAR
1,151 m³
Parcel 21019A0164/00W003, Brussels · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BrightSide Partners
Julius Caesarlaan 27, 1150 Sint-Pieters-WoluweBuying and selling of own real estate
since 20252.375.081.028
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21019A0164/00W003 Brussels 533 m² 1 · 115 m² 12.4 m · 4 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.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded11-06-2025
Fiscal year end31-12
Abbreviation FR BSP
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

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

Register as of 29 September 2026 · Peppol Directory

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