Brussels South Development
ActiveBrussels South Development has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-459k) and a net result of €-85k. Equity is shrinking by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.23 in 2024; short-term debt: 441.7% and cash: 1.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-357%
Return on assets
-66.2%
Age of the figures
15 mo
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-459k
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 26-01-2026, 5 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
5 d early
2024
10 d early
2023
13 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-459k▼ 22.8%
2024 · €-374k
2023: €-286k
2024: €-374k
2023 → 2025
Total assets
€128k▲ 1.9%
2024 · €126k
2023: €101k
2024: €126k
2023 → 2025
Net result
€-85k▲ 2.9%
2024 · €-88k
2023: €-386k
2024: €-88k
2023 → 2025
Working capital
€-452k▼ 19.7%
2024 · €-378k
2023: €-304k
2024: €-378k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-286k-€-374k▼ 30.6%€-459k▼ 22.8%
Operating result€-380k-€-79k▲ 79.4%€-74k▲ 5.4%
Net result€-386k-€-88k▲ 77.3%€-85k▲ 2.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2025 against €79k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets
€13k▼ 19.7%
Current assets
€116k▲ 5.0%
Key figures and ratios
EBITDA
€-70k▲
2024 · €-75k
Cash flow
€-81k▲
2024 · €-84k
Solvency
-357.0%▼
2024 · -296.3%
Current ratio
0.20▼
2024 · 0.23
Quick ratio
0.20▼
2024 · 0.23
Debt / equity
-1.28▲
2024 · -1.34
ROA
-66.2%▲
2024 · -69.5%
Interest coverage
-6.46▲
2024 · -8.23
Debt
€587k▲
2024 · €500k
Debt ≤ 1 year
€567k▲
2024 · €488k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€126k€128k▲
Fixed assets21/28€16k€13k▼
Intangible fixed assets21€13k€10k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€110k€116k▲
Amounts receivable within one year40/41€98k€114k▲
Other amounts receivable41€98k€114k▲
Cash at bank and in hand54/58€12k€2k▼
Deferred charges and accrued income490/1-€337
Equity and liabilities
Total equity and liabilities10/49€126k€128k▲
Equity10/15€-374k€-459k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Profit (loss) carried forward14€-474k€-559k▼
Amounts payable17/49€500k€587k▲
Amounts payable within one year42/48€488k€567k▲
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Other amounts payable47/48€475k€560k▲
Accrued charges and deferred income492/3€12k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€5k€1k▼
Non-recurring operating charges66A€77€30▼
Gross operating margin9900€-69k€-69k▲
Operating profit (loss)9901€-79k€-74k▲
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€-88k€-85k▲
Profit (loss) for the period9904€-88k€-85k▲
Profit (loss) for the period to be appropriated9905€-88k€-85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-474k€-559k▼
Profit (loss) brought forward from the previous period14P€-386k€-474k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsesteenweg 1722018 AntwerpenGround area
1,641 m²
Building footprint
472 m²
Volume, LiDAR
12,237 m³
Parcel 11810K1543/00X038, Flanders · tallest building 31.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Brussels South Development
since 20212.324.955.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1543/00X038 | Flanders | 1,641 m² | 1 · 472 m² | 31.7 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
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CO-LIFE
BE 0829.401.468
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DEVELOPMENT COORDINATION BELGIUM
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 1,292 companies in sector 68122 we hold annual accounts for 901.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-11-2021
Fiscal year end30-06
Activities, NACEBEL
68122Development of non-residential building projects
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.