Brix².Build
Open bankruptcyFinancials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 18-11-2024 PDF all 12 filings
Turnover
≈ €3.4m
Estimated: probably between €2.6m and €4.5m
Total assets
€8.1m▲ 76.4%
2022 · €4.6m
Net result
€91,204▲ 25.5%
2022 · €72,675
Working capital
€4.6m▲ 142%
2022 · €1.9m
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€126,971
▼ 5.0%
2023
20182023
Net result
€91,204
▲ 25.5%
2023
middle half of the sector
20182023
Equity
€1.0m
▲ 9.7%
2023
highest quarter of the sector
20182023
Total assets
€8.1m
▲ 76.4%
2023
highest quarter of the sector
20182023
Debt
€7.0m
▲ 93.7%
2023
20182023
Working capital
€4.6m
▲ 142%
2023
highest quarter of the sector
20182023
Solvency
12.8%
▼ 7.8pp
2023
lowest quarter of the sector
20182023
Current ratio
2.51
▲ 0.66
2023
middle half of the sector
20182023
Return on assets (ROA)
1.1%
▼ 0.5pp
2023
middle half of the sector
20182023
Staff (FTE)
14.7
▲ 1.4%
2023
highest quarter of the sector
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.01m-€0.3m▲ 26×€0.4m▲ 27.1%€0.2m▼ 49.5%€0.1m▼ 34.2%€0.1m▼ 5.0%
Net result€0.004m-€0.2m▲ 55×€0.3mabove the sector's middle half▲ 21.5%€0.1mabove the sector's middle half▼ 50.6%€0.07mwithin the sector's middle half▼ 43.3%€0.09mwithin the sector's middle half▲ 25.5%
Equity€0.3m-€0.5m▲ 80.3%€0.7mabove the sector's middle half▲ 54.1%€0.9mabove the sector's middle half▲ 17.3%€0.9mabove the sector's middle half▲ 8.4%€1.0mabove the sector's middle half▲ 9.7%
Total assets€0.7m-€1.5m▲ 100%€2.1mabove the sector's middle half▲ 42.1%€3.2mabove the sector's middle half▲ 54.4%€4.6mabove the sector's middle half▲ 43.7%€8.1mabove the sector's middle half▲ 76.4%
Debt€0.5m-€1.0m▲ 112%€1.3m▲ 36.1%€2.3m▲ 75.1%€3.6m▲ 56.9%€7.0m▲ 93.7%
Working capital€0.3m-€0.8m▲ 192%€0.9mabove the sector's middle half▲ 7.6%€1.5mabove the sector's middle half▲ 79.9%€1.9mabove the sector's middle half▲ 24.6%€4.6mabove the sector's middle half▲ 142%
Solvency36.7%-33.1%▼ 3.6pp35.9%within the sector's middle half▲ 2.8pp27.3%within the sector's middle half▼ 8.6pp20.6%below the sector's middle half▼ 6.7pp12.8%below the sector's middle half▼ 7.8pp
Current ratio2.03-2.86▲ 0.821.82within the sector's middle half▼ 1.042.22within the sector's middle half▲ 0.401.85within the sector's middle half▼ 0.372.51within the sector's middle half▲ 0.66
Return on assets (ROA)0.5%-14.7%▲ 14.2pp12.6%above the sector's middle half▼ 2.1pp4.0%within the sector's middle half▼ 8.6pp1.6%within the sector's middle half▼ 2.4pp1.1%within the sector's middle half▼ 0.5pp
Staff (FTE)4.5-6.4▲ 42.2%10.1within the sector's middle half▲ 57.8%15.3above the sector's middle half▲ 51.5%14.5above the sector's middle half▼ 5.2%14.7above the sector's middle half▲ 1.4%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 5% lower than in 2022 and the lowest since 2019. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €8.1m
Fixed assets
€367,325 ▼ 12.4%
Current assets
€7.7m ▲ 85.4%
Equity and liabilities €8.1m
Equity
€1.0m ▲ 9.7%
Debt
€7.0m ▲ 93.7%
Debt's share of the balance-sheet total rises from 79.4% to 87.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€262,919▼
2022 · €274,463
Cash flow
€227,151▲
2022 · €213,528
Quick ratio
1.45▲
2022 · 0.76
Debt to equity
6.82▲
2022 · 3.86
ROE
8.8%▲
2022 · 7.7%
Interest coverage
2.74▼
2022 · 3.24
Debt ≤ 1 year
€3.1m▲
2022 · €2.2m
Debt > 1 year
€3.8m▲
2022 · €1.4m
Income taxes
€31,187▲
2022 · €18,719
Staff costs
€841,126▲
2022 · €817,153
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 15 | 14 | 13 |
| full-time | 14 | 13 | 11 |
| part-time | 1 | 1 | 2 |
| in full-time equivalents | 14.8 | 13.8 | 12.6 |
| Average over the year, in full-time equivalents | 15.3 | 14.4 | 14.7 |
| On a permanent contract | 13 | 14 | 13 |
| Joined | 11 | 7 | 6 |
| Left | 5 | 8 | 7 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €284,181 | €160,418 | €99,819 |
| Intangible fixed assets | €74,000 | - | - |
| Financial fixed assets | €40 | - | €20,649 |
| Depreciation and write-downs of the year | €129,078 | €140,853 | €135,947 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €32,959 awarded · €32,894 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,869 | €2,869 |
| 2024 | 2 | €5,028 | €5,763 |
| 2023 | 2 | €13,043 | €12,243 |
| 2022 | 2 | €12,019 | €12,019 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.06m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.8m | €0.8m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 3.5% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.07m | €0.04m | ▼ 45.8% |
| Non-recurring operating charges66A | - | - | - | - | €374 | €0.07m | ▲ 185× |
| Gross operating margin9900 | €0.4m | €0.8m | €1.1m | €1.1m | €1.2m | €1.2m | ▲ 4.0% |
| Operating profit (loss)9901 | €0.01m | €0.3m | €0.4m | €0.2m | €0.1m | €0.1m | ▼ 5.0% |
| Financial income75/76B | - | - | - | €0.03m | €0.04m | €0.09m | ▲ 115% |
| Recurring financial income75 | €0.007m | €0.02m | €0.02m | €0.03m | €0.04m | €0.09m | ▲ 115% |
| Financial charges65/66B | - | - | - | €0.06m | €0.08m | €0.1m | ▲ 13.3% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.04m | €0.06m | €0.08m | €0.1m | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €0.004m | €0.3m | €0.4m | €0.2m | €0.09m | €0.1m | ▲ 33.9% |
| Income taxes67/77 | - | €0.09m | €0.1m | €0.05m | €0.02m | €0.03m | ▲ 66.6% |
| Profit (loss) for the period9904 | €0.004m | €0.2m | €0.3m | €0.1m | €0.07m | €0.09m | ▲ 25.5% |
| Profit (loss) for the period to be appropriated9905 | €0.004m | €0.2m | €0.3m | €0.1m | €0.07m | €0.09m | ▲ 25.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.7m | €1.5m | €2.1m | €3.2m | €4.6m | €8.1m | ▲ 76.4% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | €0.4m | ▼ 12.4% |
| Intangible fixed assets21 | €0.002m | €0.001m | - | €0.07m | €0.06m | €0.03m | ▼ 46.9% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 12.5% |
| Land and buildings22 | - | - | - | €0.03m | €0.1m | €0.08m | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.2m | €0.1m | ▼ 42.1% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.06m | €0.1m | ▲ 97.2% |
| Financial fixed assets28 | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.02m | ▲ 813% |
| Current assets29/58 | €0.5m | €1.2m | €1.9m | €2.8m | €4.2m | €7.7m | ▲ 85.4% |
| Amounts receivable after more than one year29 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Other amounts receivable291 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Stocks and contracts in progress3 | €0.02m | €0.3m | €0.1m | €1.2m | €2.4m | €3.2m | ▲ 32.3% |
| Stocks30/36 | - | - | - | €1.2m | €2.1m | €2.8m | ▲ 37.5% |
| Contracts in progress37 | - | - | - | - | €0.4m | €0.4m | ▲ 5.5% |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €1.4m | €1.4m | €1.3m | €2.3m | ▲ 74.2% |
| Trade receivables40 | - | - | - | €1.3m | €1.3m | €1.8m | ▲ 38.4% |
| Other amounts receivable41 | - | - | - | €0.1m | - | €0.5m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.6m | €0.2m | €0.09m | €0.2m | €0.9m | ▲ 332% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.1m | €1.2m | ▲ 801% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.7m | €1.5m | €2.1m | €3.2m | €4.6m | €8.1m | ▲ 76.4% |
| Equity10/15 | €0.3m | €0.5m | €0.7m | €0.9m | €0.9m | €1.0m | ▲ 9.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.4m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | €0.08m | €0.08m | €0.08m | €0.2m | €0.2m | €0.3m | ▲ 44.4% |
| Amounts payable17/49 | €0.5m | €1.0m | €1.3m | €2.3m | €3.6m | €7.0m | ▲ 93.7% |
| Amounts payable after more than one year17 | €0.2m | €0.5m | €0.3m | €1.1m | €1.4m | €3.8m | ▲ 175% |
| Financial debts170/4 | - | - | - | €1.1m | €1.4m | €3.8m | ▲ 175% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €1.0m | €1.3m | €2.2m | €3.1m | ▲ 36.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.06m | ▼ 40.9% |
| Trade debts44 | €0.1m | €0.3m | €0.7m | €1.0m | €2.0m | €2.6m | ▲ 25.8% |
| Suppliers440/4 | - | - | - | €1.0m | €2.0m | €2.6m | ▲ 25.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.06m | €0.2m | ▲ 195% |
| Taxes450/3 | - | - | - | €0.08m | €0.05m | €0.2m | ▲ 233% |
| Remuneration and social security454/9 | - | - | - | - | €0.01m | €0.02m | ▲ 50.5% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.05m | €0.3m | ▲ 439% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,880 | €213,791 | €259,665 | €128,231 | €72,675 | €91,204 | ▲ 25.5% |
| + Depreciation and write-downs630 | €91,694 | €101,062 | €75,728 | €129,078 | €140,853 | €135,947 | ▼ 3.5% |
| Operating cash flow (approximation) | €95,574 | €314,853 | €335,394 | €257,309 | €213,528 | €227,151 | ▲ 6.4% |
| Investment in fixed assets (approximation) | - | -€142,489 | -€11,888 | -€358,221 | -€160,418 | -€83,897 | ▲ 47.7% |
| Change in cash | - | €417,550 | -€447,645 | -€82,117 | €123,044 | €703,952 | ▲ 472% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 18-11-2024 | 2024-00601065 | |
| 31-12-2022 | abbreviated format | 15-06-2023 | 2023-00128466 | |
| 31-12-2021 | abbreviated format | 24-05-2022 | 2022-20033398 | |
| 31-12-2020 | abbreviated format | 18-06-2021 | 2021-21400153 | |
| 31-12-2019 | abbreviated format | 22-06-2020 | 2020-19400008 | |
| 31-12-2018 | abbreviated format | 20-06-2019 | 2019-20800364 | |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19800307 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-18800289 | |
| 31-12-2015 | abbreviated format | 11-07-2016 | 2016-30100354 | |
| 31-12-2014 | abbreviated format | 11-08-2015 | 2015-42100301 |