BROWNFIELDS
ActiveSummary
BROWNFIELDS has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,939 and a net result of -€4,724. Equity is growing by about 33% per year across the filed financial years. Its solvency ranks better than 85% of 11,191 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €69,939
- Loss
- -€4,724
- Parent
- SARPI Remediation · 100%
Why 96raises risk1 of the last 3 lateLoss of €4,724 (financial year 2025)lowers riskLiquidity: current ratio 4.85, cash €87,557Equity €69,939 (79.4% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 91% on solvency, 93% on liquidity and 22% on profitability.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Amendment of the articlesCapital · Power of attorney
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€4,724
Financials · financial year 2025, abbreviated format
2019 to 2025, 5 financial years 2018 to 2025, 6 financial years
The operating result is -€4,024 in 2025, compared with €1,915 in 2022. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,322 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €6,000 | €4,000 | €4,000 | €119,132 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €920 | - | - | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | €413 | - |
| Gross operating margin9900 | €3,601 | €3,115 | €4,086 | €118,212 | €2,262 | -€3,611 | - |
| Operating profit (loss)9901 | €2,894 | €2,767 | €3,738 | €117,865 | €1,915 | -€4,024 | - |
| Financial income75/76B | - | - | - | - | €78 | - | - |
| Recurring financial income75 | - | - | - | - | €78 | - | - |
| Financial charges65/66B | - | - | - | €1,242 | €890 | €700 | - |
| Recurring financial charges65 | €1,192 | €1,106 | €1,086 | €1,242 | €890 | €700 | - |
| Profit (loss) for the period before taxes9903 | €1,702 | €1,661 | €2,652 | €116,623 | €1,103 | -€4,724 | - |
| Profit (loss) for the period9904 | €1,702 | €1,661 | €2,652 | €116,623 | €1,103 | -€4,724 | - |
| Profit (loss) for the period to be appropriated9905 | €1,702 | €1,661 | €2,652 | €116,623 | €1,103 | -€4,724 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €12,406 | €6,526 | €8,842 | €103,685 | €81,321 | €88,088 | - |
| Current assets29/58 | €12,406 | €6,526 | €8,842 | €103,685 | €81,321 | €88,088 | - |
| Amounts receivable within one year40/41 | €12,100 | €1,210 | €2,420 | - | €5,402 | €531 | - |
| Trade receivables40 | - | - | - | - | €5,402 | - | - |
| Other amounts receivable41 | - | - | - | - | - | €531 | - |
| Cash at bank and in hand54/58 | €92 | €5,316 | €6,422 | €103,685 | €75,919 | €87,557 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €12,406 | €6,526 | €8,842 | €103,685 | €81,321 | €88,088 | - |
| Equity10/15 | -€43,738 | -€42,077 | -€39,425 | €77,198 | €78,301 | €69,939 | - |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | - |
| Capital10 | - | - | - | €250,000 | €250,000 | €250,000 | - |
| Issued capital100 | - | - | - | €250,000 | €250,000 | €250,000 | - |
| Profit (loss) carried forward14 | -€293,738 | -€292,077 | -€289,425 | -€172,802 | -€171,699 | -€180,061 | - |
| Amounts payable17/49 | €56,144 | €48,603 | €48,267 | €26,488 | €3,021 | €18,149 | - |
| Amounts payable within one year42/48 | €56,144 | €48,603 | €48,267 | €26,488 | €3,021 | €18,149 | - |
| Trade debts44 | €1,660 | €2,234 | €1,014 | €1,737 | €2,453 | €18,149 | - |
| Suppliers440/4 | - | - | - | €1,737 | €2,453 | €18,149 | - |
| Taxes, remuneration and social security45 | - | - | - | €24,750 | €567 | - | - |
| Taxes450/3 | - | - | - | €24,750 | €567 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,702 | €1,661 | €2,652 | €116,623 | €1,103 | -€4,724 | - |
| Operating cash flow (approximation) | €1,702 | €1,661 | €2,652 | €116,623 | €1,103 | -€4,724 | - |
| Change in cash | - | €5,224 | €1,106 | €97,264 | -€27,766 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-05-2026 | 2026-00130816 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00477498 |
| 31-12-2023 | abbreviated format | 25-09-2024 | 2024-00473683 |
| 31-12-2022 | abbreviated format | 03-10-2023 | 2023-00471584 |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20187157 |
| 31-12-2020 | abbreviated format | 09-06-2021 | 2021-18400520 |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-23900274 |
| 31-12-2018 | abbreviated format | 02-07-2019 | 2019-27500105 |
| 31-12-2017 | abbreviated format | 09-08-2018 | 2018-44400519 |
| 31-12-2016 | abbreviated format | 09-08-2018 | 2018-44400495 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Mazars |
|
Owners and capital
Owners
2 ownersChain of control
- Veolia EnvironmentFR
- SARPI Hazardous Waste Services Holding SASFR
- SARPI Remediation
- BROWNFIELDS
Highest known parent: Veolia Environment (France). The sources do not say who stands above it.
Owners 2
-
100%
- Veolia EnvironmentFRconsolidating parentconsolidates
According to the 2025 annual accounts of BROWNFIELDS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 20-08-2026 Capital stated in the deed · €250,000 · 250 shares
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
20-08
Gazette deed
Amendment of the articlesCapital · Power of attorney10 facts ▸
- General meeting, 03-08-2026
- Other provision, “handelsnaam, Artikel 1” (deed in Dutch)
- Amendment of the articles
- Capital, €250,000
- Other provision, “TITEL IV. ALGEMENE VERGADERINGEN., statute section title” (deed in Dutch)
- Other provision, “TITEL VI. ONTBINDING EN VEREFFENING., statute section title” (deed in Dutch)
- Other provision, “TITEL V. BOEKJAAR - JAARREKENINGEN - DIVIDENDEN - WINSTVERDELING., statute section title” (deed in Dutch)
- Other provision, “coördinatie, derde beslissing volmacht voor coördinatie” (deed in Dutch)
- Power of attorney
- Other provision, “uitreiking vóór registratie, artikel 173,1°bis Wetboek van registratierechten” (deed in Dutch)
16-04
Gazette deed
Appointment: Mazars (statutory auditor)2 facts ▸
- General meeting, 10-05-2023
- Auditor appointment, Mazars (statutory auditor)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23025I0028/00P003 | Flanders | 7.8 ha | 1 · 1.6 ha | 16.5 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aankopen,verkopen,ruilen,bouwen,ombouwen,huren en verhuren,productief maken,ontwikkelen,en over het algemeen de handel van alle…” (deed in Dutch)
13 activities (deed in Dutch)
- Het aankopen,verkopen,ruilen,bouwen,ombouwen,huren en verhuren,productief maken,ontwikkelen,en over het algemeen de handel van alle onroerende goederen en rechten
- Alle onroerende verrichtingen doen
- Als aannemer optreden
- Bodem-en grondwatersaneringswerken uitvoeren
- Alle diensten verstrekken en studies uitvoeren in verband met de activiteiten hierboven
- Alle financiële verrichtingen doen inzake krediet en lening
- Verpanden en verhypothekeren bij leningen
- Zich borg stellen of waarborgen bij lening en kredietverlening,met of zonder voorrecht en andere zakelijke garanties
- Een portefeuille van waarden aanschaffen
- Zich inlaten met alle verrichtingen inzake portefeuillebeheer
- Aan vastgoedbeheer doen zowel voor haar eigen als voor derden
- Zich bij deelneming,inschrijving,voorschotten,opslorping,totale of gedeeltelijk fusie of anders interesseren in alle gelijkaardige vennootschappen of ondernemingen
- Doorgaans alles doen dat van aard is de verwezenlijking van haar voorwerp te bevorderen,zij het onrechtstreeks
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BROWNFIELDS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “België of buitenland, Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Collegiaal, raad van bestuur” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of May
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Desgevallend één of meer vereffenaars benoemd door algemene vergadering, in bij wet bepaalde gevallen” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle machten genoemd in artikel 2:87 Wetboek van vennootschappen en verenigingen, algemene vergadering kan te allen tijde bij gewone…” (deed in Dutch)