Result
-€164,618 ▼ 161%
The result fell in 2025: different schema filed.
BRISTOL PROJECTS
Lifetime
20 annual accounts with figures on one time axis, 38 filings since 1988Gross marginpeak €2.7m (2021)
-€84,465▼ €35,563
Resultlowest -€164,618 (2025)
-€164,618▼ €101,507
Equitypeak €4.1m (2016)
€2.7m▼ 5.8%
Debts
€172,473▲ 54.4%
Staffpeak 4.4 FTE (2006)
-not published
Board5 names since 2016
2 directorsI.B.I.S. and 1 other
Owners2 names in the annual accounts
100%BRUMMO
Documentsfilings and deeds
29-07-20262 days before the deadline
2025financial year
Gross margin from -€48,902 to -€84,465Loss of €164,618Debts from €111,732 to €172,473Investments €410,000Cash from €63,769 to €18,350
Key points
from the 2025 annual accountsDebts
€172,473 ▲ 54.4%
Debts rose by €60,741 in 2025.
Investments
€410,000 7.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 15.6% higher than in 2024.
Liquidity
5.40 was 12.93 in 2024
Short-term debts rose from €105,386 to €165,890.
Filings
38 annual accounts since 1988
Six of the last ten came late. The 2019 accounts came latest: 56 days after the end of the period.
Position in the sector
-€164,618
Lower net result than 93% of companies in specialised construction. Sector median €42,705 · 2,455 companies.
Checked score
92
Excellent
Financially stronger than 46% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,652 companies (NACE 43, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.2 percentage points vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 5.40, cash €18,350, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €3.5m
Founded in 1987
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 (NACE 43, small). It does better than 95% of them on solvency, 60% on liquidity, 7% on profitability and 20% on growth.
The bankruptcy probability was computed on 05-11-2026 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, 8,617 companies had the same profile as BRISTOL PROJECTS has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BRISTOL PROJECTS itself: 0.1% 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 8,617 companies, not a prediction for BRISTOL PROJECTS. 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 €240,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.4 (12.93 in 2024), above the usual 1.5. Short-term debt is 4.7% and cash 0.5% of total assets. 23.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€164,618
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
on the day
2023
30 days late
2022
21 days early
2021
31 days late
2020
11 days early
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRUMMO 100%score 93equity €21.1m (2025) · 2025 annual accounts of BRUMMO
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431745317
1 director resigning
AdviRe bv (managing director) · Permanent representatives: Luc Sienaert and Miguel Van Canneyt · Director discharge: AdviRe bv · General meeting of 16-05-2024 · Gazette deed
1 director appointed, 1 reappointment
Reappointment: I.B.I.S. NV · Permanent representatives: Mieke Claerhout and Miguel Van Canneyt · Appointment: I.B.I.S. NV (managing director) · General meeting of 22-08-2022 · Gazette deed
New managing director
AdviRe BV appointed, BDVC BV resigned · Permanent representatives: Luc Sienaert and Miguel Van Canneyt · Board meeting of 21-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| BRISTOL PROJECTS Sint-Martens-Latem | - | - | 76.2% | - |
| EVERAERT Assenede | - | - | 84.1% | - |
| Travaro Grez-Doiceau | - | - | 91.8% | - |
| VAN OOSTVELDT Rudi Alken | - | - | 54.9% | - |
| KD85.COM Lievegem | - | - | -4.5% | - |
| MAENHAUT WIM Aalter | €12.6m | 13.6% | 43.6% | 17.8 |
| GRONDWERKEN DE MOL Lochristi | €14.6m | 0.4% | 23.8% | 35.1 |
These companies have the same main activity as BRISTOL PROJECTS: site preparation (NACE 43120). They are comparable in size and age: total assets between €810,000 and €7.5m, founded between 1955 and 2000.
Official details
Source: KBO- Status
- Active since 13-08-1987Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Site preparationNACE 43120and 2 others
- Establishment unit
- 2.029.999.5689830 Sint-Martens-Latem, since 02-09-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- Total assets
- €3.5m▼ 3.2%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on BRISTOL PROJECTS
BRISTOL PROJECTS has existed since 1987. In 2021 the gross margin rose from €188,329 to €2.7m.
BRUMMO holds all the shares. In January 2023, the Official Gazette published the appointment of I.B.I.S. as managing director.
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 BRISTOL PROJECTS
- What is the company number of BRISTOL PROJECTS?
- The company number of BRISTOL PROJECTS is 0431.745.317. The VAT number is the same number with BE in front: BE 0431.745.317.
- Where is BRISTOL PROJECTS based?
- The registered office is at Kortrijksesteenweg 23, 9830 Sint-Martens-Latem.Company details
- What does BRISTOL PROJECTS do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of BRISTOL PROJECTS?
- BRISTOL PROJECTS is a public limited company (NV).
- When was BRISTOL PROJECTS founded?
- BRISTOL PROJECTS was founded on 13-08-1987.
- Is BRISTOL PROJECTS still active?
- Yes, BRISTOL PROJECTS is an active enterprise in the KBO register.
- What is the turnover of BRISTOL PROJECTS?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is BRISTOL PROJECTS profitable?
- In financial year 2025, BRISTOL PROJECTS made a loss of €164,618.
- Where can I find the annual accounts of BRISTOL PROJECTS?
- BRISTOL PROJECTS filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRISTOL PROJECTS due?
- BRISTOL PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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