Liquidity
44.32 was 1.90 in 2024
Short-term debts fell from €48,991 to €200.
BRIXEN
Lifetime
5 annual accounts with figures on one time axispeak €126,061 (2021)
-€31,643▼ €44,275
lowest -€35,651 (2025)
-€35,651▼ €43,312
peak €44,316 (2024)
€8,665▼ 80.4%
€200▼ 99.6%
Board2 names since 2019
1 directorFREKS
Owners2 names in the annual accounts
100%FREKS
Documentsfilings and deeds
09-12-202553 days before the deadline
2025abbreviated format
Gross margin from €12,632 to -€31,643Loss of €35,651Registered office moved from Duisburg to Tervuren 16-01Equity from €44,316 to €8,665Debts from €48,991 to €200Cash from €70,746 to €6,125
Key points
from the 2025 annual accountsFilings
5 annual accounts since 2021
The last five annual accounts were filed 0 to 53 days before the end of the period.
Position in the sector
97.7%
Higher solvency than 95% of companies in real estate. Sector median 30.7% · 11,297 companies.
Turnover not published (abbreviated format)
Checked score
56
Fair
Financially stronger than 50% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: < 0.1%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.2%▲ +0.1 percentage points vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
1 change of registered office in 24 months
lowers risk
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 44.32, cash €6,125, halved
Size: total assets €8,865
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 68, micro). It does better than 91% of them on solvency, 98% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.
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, 3,591 companies had the same profile as BRIXEN has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BRIXEN itself is lower: 0.2% within 12 months. It rests on far more data about BRIXEN than the profile alone.
Test of the method
The method was tested on the 497,448 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 3,591 companies, not a prediction for BRIXEN. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 44.32 (1.9 in 2024), above the usual 1.5. Short-term debt is 2.3% and cash 69.1% of total assets. 2.3% 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 days early
2024
45 days early
2023
on the day
2022
4 days early
2021
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 27 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 27 December (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0736312944
Registered office moved from Duisburg to Tervuren
New registered office: Jezus Eiklaan 44/B te 3080 Tervuren · Previous registered office: KAPUCIENENSTRAAT 4-3080 DUISBURG · Permanent representative: Gerrit De Muylder · General meeting of 16 12 2024 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Steenokkerzeel
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Tervuren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BRIXEN Tervuren | €8,865 | -€31,643 | 97.7% | - |
| Bolli Ixelles | €7,817 | €299 | -135.0% | - |
| DanCa Projects Aalter | €9,647 | -€1,908 | -57.3% | - |
| Kast Invest Erpe-Mere | €10,106 | -€1,425 | 100.0% | 0 |
| LIP-D Hasselt | €6,674 | -€32,348 | -5967.0% | - |
| DIGISIGNS CONCEPT Fontaine-l'Evêque | €9,448 | -€728 | 89.2% | - |
| CAMPIMMO Liège | €7,251 | -€2,466 | -59.5% | - |
These companies have the same main activity as BRIXEN: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €6,670 and €10,100, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 11-10-2019Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.294.584.5873080 Tervuren, since 11-10-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 04-06-2026
Annual accounts to 30-06-2025
- €8,865▼ 90.5%
- Filing
- Filed on 09-12-2025, 53 days before the end of the filing period
Insights on BRIXEN
BRIXEN files the abbreviated format. That format states no turnover. The gross margin fell from €126,061 in 2021 to -€31,643 in 2025.
FREKS holds all the shares.
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 BRIXEN
- What is the company number of BRIXEN?
- The company number of BRIXEN is 0736.312.944. The VAT number is the same number with BE in front: BE 0736.312.944.
- Where is BRIXEN based?
- The registered office is at Jezus Eiklaan 44, 3080 Tervuren.Company details
- What does BRIXEN do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of BRIXEN?
- BRIXEN is a private limited company (BV).
- When was BRIXEN founded?
- BRIXEN was founded on 11-10-2019.
- Is BRIXEN still active?
- Yes, BRIXEN is an active enterprise in the KBO register.
- What is the turnover of BRIXEN?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is BRIXEN profitable?
- In financial year 2025, BRIXEN made a loss of €35,651.
- Where can I find the annual accounts of BRIXEN?
- BRIXEN filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRIXEN due?
- BRIXEN must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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