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BRIXEN

Active
Private limited companyfounded 20196 yrs activeJezus Eiklaan 44, 3080 Tervuren, BelgiumKBO/BCE: BE 0736.312.944
Summary

The annual accounts of BRIXEN for fiscal year 2025 show a net loss of 402% of total assets and of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €8,665 and a net result of -€35,651. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 9268 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
59 / 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-58
Solvency100▲+28
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days 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 ample (current ratio 44.32 against 1.9 in 2024; short-term debt: 2.3% and cash: 69.1% of total assets), and 2.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
97.7%
Return on assets
-402.2%
Age of the figures
15 mo
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 filings
Deviation from the deadline
2025
53 d early
2024
45 d early
2023
on the day
2022
4 d early
2021
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 27 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
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

BRIXEN was incorporated on 11 October 2019 as a Private limited company.1 Total assets fell from EUR 854,090 in 2021 to EUR 8,865 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€8,665▼ 80.4%
2024 · €44,316
Total assets
€8,865▼ 90.5%
2024 · €93,307
Net result
-€35,651
2024 · €7,661
Working capital
€8,665▼ 80.4%
2024 · €44,316
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€125,285-€21,407▼ 82.9%€14,375▼ 32.9%€11,671▼ 18.8%-€32,611
Net result€66,293-€10,238▼ 84.6%€6,124▼ 40.2%€7,661▲ 25.1%-€35,651
Equity€20,293-€30,531▲ 50.5%€36,655▲ 20.1%€44,316▲ 20.9%€8,665▼ 80.4%
Total assets€854,090-€852,595▼ 0.2%€216,122▼ 74.7%€93,307▼ 56.8%€8,865▼ 90.5%
Debt€833,797-€822,064▼ 1.4%€179,467▼ 78.2%€48,991▼ 72.7%€200▼ 99.6%
Working capital€57,642-€150,900▲ 162%€36,655▼ 75.7%€44,316▲ 20.9%€8,665▼ 80.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
  • 2024 Total assets -57% on 2023. Cause not known from the registers.
  • 2023 Total assets -75% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2021: €125,285€125,285Net result 2021: €66,293€66,293Operating result 2022: €21,407€21,407Net result 2022: €10,238€10,238Operating result 2023: €14,375€14,375Net result 2023: €6,124€6,124Operating result 2024: €11,671€11,671Net result 2024: €7,661€7,661Operating result 2025: -€32,611-€32,611Net result 2025: -€35,651-€35,65120212022202320242025-€40,000-€20,000€0€20,000Operating result 2023: €14,375€14,400Net result 2023: €6,124€6,120Operating result 2024: €11,671€11,700Net result 2024: €7,661€7,660Operating result 2025: -€32,611-€32,600Net result 2025: -€35,651-€35,700202320242025
The operating result turns negative in 2025: a loss of €32,611 after €11,671 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €8,865
Equity €8,665 ▼ 80.4%
Debt €200 ▼ 99.6%
Debt's share of the balance-sheet total falls from 52.5% to 2.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
44.32▲
2024 · 1.90
Debt to equity
0.02▼
2024 · 1.11
ROE
-411.4%▼
2024 · 17.3%
ROA
-402.2%▼
2024 · 8.2%
Debt ≤ 1 year
€200▼
2024 · €48,991
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.8% went bankrupt
9.3% stopped otherwise
87% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 3,595 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 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€93,307€8,865▼
Current assets29/58€93,307€8,865▼
Amounts receivable within one year40/41€22,561€2,740▼
Trade receivables40€22,561€1,952▼
Other amounts receivable41-€788
Cash at bank and in hand54/58€70,746€6,125▼
Equity and liabilities
Total equity and liabilities10/49€93,307€8,865▼
Equity10/15€44,316€8,665▼
Contributions10/11€4,000€4,000=
Reserves13€40,316€4,665▼
Distributable reserves133€40,316€4,665▼
Amounts payable17/49€48,991€200▼
Amounts payable within one year42/48€48,991€200▼
Trade debts44€42,936-
Suppliers440/4€42,936-
Taxes, remuneration and social security45€4,650-
Taxes450/3€4,650-
Other amounts payable47/48€1,404€200▼
Income statement Code20242025
Other operating charges640/8€960€968▲
Gross operating margin9900€12,632-€31,643▼
Operating profit (loss)9901€11,671-€32,611▼
Financial income75/76B€137-
Recurring financial income75€137-
Financial charges65/66B€1,358€3,040▲
Recurring financial charges65€1,358€3,040▲
Profit (loss) for the period before taxes9903€10,450-€35,651▼
Income taxes67/77€2,789-
Profit (loss) for the period9904€7,661-€35,651▼
Profit (loss) for the period to be appropriated9905€7,661-€35,651▼
Appropriation of the result
Profit (loss) to be appropriated9906€7,661-€35,651▼
Transfer from equity791/2-€35,651
Transfer to equity691/2€7,661-
To other reserves6921€7,661-

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€348€348€960€968▲ 0.8%
Gross operating margin9900€126,061€21,754€14,722€12,632-€31,643▼ 351%
Operating profit (loss)9901€125,285€21,407€14,375€11,671-€32,611▼ 379%
Financial income75/76B-€17€20€137--
Recurring financial income75€130€17€20€137--
Financial charges65/66B-€7,514€6,197€1,358€3,040▲ 124%
Recurring financial charges65€52,244€7,514€6,197€1,358€3,040▲ 124%
Profit (loss) for the period before taxes9903€73,171€13,910€8,197€10,450-€35,651▼ 441%
Income taxes67/77€6,879€3,671€2,074€2,789--
Profit (loss) for the period9904€66,293€10,238€6,124€7,661-€35,651▼ 565%
Profit (loss) for the period to be appropriated9905€66,293€10,238€6,124€7,661-€35,651▼ 565%
Line20212022202320242025Change
Assets
Total assets20/58€854,090€852,595€216,122€93,307€8,865▼ 90.5%
Current assets29/58€854,090€852,595€216,122€93,307€8,865▼ 90.5%
Amounts receivable within one year40/41€373,054€606,297€3,366€22,561€2,740▼ 87.9%
Trade receivables40-€602,188€1,793€22,561€1,952▼ 91.3%
Other amounts receivable41-€4,110€1,573-€788-
Cash at bank and in hand54/58€295,569€60,204€212,636€70,746€6,125▼ 91.3%
Deferred charges and accrued income490/1-€186,093€120---
Equity and liabilities
Total equity and liabilities10/49€854,090€852,595€216,122€93,307€8,865▼ 90.5%
Equity10/15€20,293€30,531€36,655€44,316€8,665▼ 80.4%
Contributions10/11-€4,000€4,000€4,000€4,000=
Reserves13€16,293€26,531€32,655€40,316€4,665▼ 88.4%
Distributable reserves133-€26,531€32,655€40,316€4,665▼ 88.4%
Amounts payable17/49€833,797€822,064€179,467€48,991€200▼ 99.6%
Amounts payable within one year42/48€796,448€701,695€179,467€48,991€200▼ 99.6%
Trade debts44€680,512€325,120€26,563€42,936--
Suppliers440/4-€325,120€26,563€42,936--
Advances received on contracts in progress46-€1,500€1,500---
Taxes, remuneration and social security45-€3,671-€4,650--
Taxes450/3-€3,671-€4,650--
Other amounts payable47/48-€371,404€151,404€1,404€200▼ 85.8%
Accrued charges and deferred income492/3-€120,369----
Line20212022202320242025Change
Profit (loss) for the period9904€66,293€10,238€6,124€7,661-€35,651▼ 565%
Operating cash flow (approximation)€66,293€10,238€6,124€7,661-€35,651▼ 565%
Change in cash--€235,365€152,432-€141,890-€64,621▲ 54.5%

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

Next filing, fiscal year 2026, expected by 31-01-2027
2025
09-12
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial Weakest financial yearnet -€35,651
Net result drops to -€35,651, the lowest in the series.
30-06
Financial Liquidity times 23current ratio 44.32
Current ratio from 1.90 to 44.32; short-term debt falls from €48,991 to €200.
2024
17-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
31-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
27-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Tervuren · 1 establishment unit since 2019
seat establishment approximate The establishment unit on the map
Ground area
581 m²
Parcel 24302F0054/00P003, Flanders. Linked by address, not a title deed.
1 establishment unit
BRIXEN
Jezus Eiklaan 44, 3080 TervurenReal estate development
since 20192.294.584.587
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24302F0054/00P003 Flanders 581 m² - -
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

Chain of control

  1. FREKS 100%
  2. BRIXEN

Highest known parent: FREKS. The sources do not say who stands above it.

Owners 1

Stated earlier (1)

An older source named these owners; newer accounts no longer list them.

Holdings 0

The accounts to 30-06-2025 list no holdings, and no other source names one.

According to the annual accounts to 30-06-2025 of BRIXEN and those 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.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 2,915 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-10-2019
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0736312944
Registered 04-06-2026

Register as of 26 September 2026 · Peppol Directory

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