BRX
ActiveSummary
BRX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €304,274 and a net result of -€27,507. Equity is growing by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability22▼-9
Solvency96▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.41 against 47.01 in 2023; short-term debt: 29.3% and cash: 0.1% of total assets), and 29.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more 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 2024Solvency, return and age of the figures
Solvency
70.7%
Return on assets
-6.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 d early
2024
36 d early
2023
28 d early
2022
31 d early
2021
24 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€304,274▼ 8.3%
2023 · €331,782
Total assets
€430,670▲ 27.0%
2023 · €338,992
Net result
-€27,507▼ 227%
2023 · -€8,424
Working capital
€304,274▼ 8.3%
2023 · €331,782
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€128,477▲ 3.5%-€1,594€7,093-€2,975-€21,221▼ 613%
Net result€95,223within the sector's middle half▲ 16.6%€7,149below the sector's middle half▼ 92.5%€13,990within the sector's middle half▲ 95.7%-€8,424below the sector's middle half-€27,507below the sector's middle half▼ 227%
Equity€319,066within the sector's middle half▲ 42.5%€326,215within the sector's middle half▲ 2.2%€340,205within the sector's middle half▲ 4.3%€331,782within the sector's middle half▼ 2.5%€304,274within the sector's middle half▼ 8.3%
Total assets€420,194below the sector's middle half▲ 30.8%€340,552below the sector's middle half▼ 19.0%€346,368below the sector's middle half▲ 1.7%€338,992below the sector's middle half▼ 2.1%€430,670below the sector's middle half▲ 27.0%
Debt€101,128▲ 4.0%€14,337▼ 85.8%€6,162▼ 57.0%€7,211▲ 17.0%€126,396▲ 1,653%
Working capital€319,066within the sector's middle half▲ 42.5%€326,215within the sector's middle half▲ 2.2%€340,205within the sector's middle half▲ 4.3%€331,782within the sector's middle half▼ 2.5%€304,274within the sector's middle half▼ 8.3%
Solvency75.9%above the sector's middle half▲ 6.2pp95.8%above the sector's middle half▲ 19.9pp98.2%above the sector's middle half▲ 2.4pp97.9%above the sector's middle half▼ 0.3pp70.7%above the sector's middle half▼ 27.2pp
Current ratio4.16above the sector's middle half▲ 0.8523.75above the sector's middle half▲ 19.6056.21above the sector's middle half▲ 32.4547.01above the sector's middle half▼ 9.193.41above the sector's middle half▼ 43.61
Return on assets (ROA)22.7%above the sector's middle half▼ 2.8pp2.1%within the sector's middle half▼ 20.6pp4.0%within the sector's middle half▲ 1.9pp-2.5%below the sector's middle half▼ 6.5pp-6.4%below the sector's middle half▼ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,221 in 2024 against €2,975 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €430,670
Equity
€304,274 ▼ 8.3%
Debt
€126,396 ▲ 1,653%
Debt's share of the balance-sheet total rises from 2.1% to 29.3%. Equity is lower and debt is higher.
Key figures and ratios
Quick ratio
0.04▼
2023 · 47.01
Debt to equity
0.42▲
2023 · 0.02
ROE
-9.0%▼
2023 · -2.5%
Debt ≤ 1 year
€126,396▲
2023 · €7,211
Income taxes
€6,164▲
2023 · €4,728
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 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% | 1.0% |
| 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% 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 3,441 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €410 | €348 | €439 | €387 | ▼ 11.7% |
| Non-recurring operating charges66A | - | - | - | - | €22,112 | - |
| Gross operating margin9900 | €128,887 | -€1,185 | €7,441 | -€2,536 | €1,278 | ▲ 150% |
| Operating profit (loss)9901 | €128,477 | -€1,594 | €7,093 | -€2,975 | -€21,221 | ▼ 613% |
| Financial income75/76B | - | €13,422 | €12,843 | - | - | - |
| Recurring financial income75 | €7,730 | €13,422 | €12,843 | - | - | - |
| Financial charges65/66B | - | €1,732 | €333 | €720 | €122 | ▼ 83.0% |
| Recurring financial charges65 | €2,434 | €1,732 | €333 | €720 | €122 | ▼ 83.0% |
| Profit (loss) for the period before taxes9903 | €133,773 | €10,096 | €19,604 | -€3,695 | -€21,344 | ▼ 478% |
| Income taxes67/77 | €38,551 | €2,947 | €5,613 | €4,728 | €6,164 | ▲ 30.4% |
| Profit (loss) for the period9904 | €95,223 | €7,149 | €13,990 | -€8,424 | -€27,507 | ▼ 227% |
| Transfer from tax-exempt reserves789 | - | - | - | €55,708 | €44,249 | ▼ 20.6% |
| Transfer to tax-exempt reserves689 | - | €3,574 | €6,995 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €46,597 | €3,575 | €6,995 | €47,284 | €16,742 | ▼ 64.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €420,194 | €340,552 | €346,368 | €338,992 | €430,670 | ▲ 27.0% |
| Current assets29/58 | €420,194 | €340,552 | €346,368 | €338,992 | €430,670 | ▲ 27.0% |
| Stocks and contracts in progress3 | €74,145 | €25,860 | - | - | €425,600 | - |
| Stocks30/36 | - | €25,860 | - | - | €425,600 | - |
| Amounts receivable within one year40/41 | €331,379 | €307,279 | €340,366 | €333,388 | €4,798 | ▼ 98.6% |
| Trade receivables40 | - | €168 | €76 | - | - | - |
| Other amounts receivable41 | - | €307,111 | €340,290 | €333,388 | €4,798 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €7,669 | €1,262 | €1,512 | €1,115 | €272 | ▼ 75.6% |
| Deferred charges and accrued income490/1 | - | €6,151 | €4,490 | €4,490 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €420,194 | €340,552 | €346,368 | €338,992 | €430,670 | ▲ 27.0% |
| Equity10/15 | €319,066 | €326,215 | €340,205 | €331,782 | €304,274 | ▼ 8.3% |
| Contributions10/11 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Reserves13 | €311,066 | €318,215 | €332,205 | €323,782 | €296,274 | ▼ 8.5% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Tax-exempt reserves132 | - | €92,962 | €99,957 | €44,249 | - | - |
| Distributable reserves133 | - | €223,253 | €230,249 | €279,532 | €296,274 | ▲ 6.0% |
| Amounts payable17/49 | €101,128 | €14,337 | €6,162 | €7,211 | €126,396 | ▲ 1,653% |
| Amounts payable within one year42/48 | €101,128 | €14,337 | €6,162 | €7,211 | €126,396 | ▲ 1,653% |
| Trade debts44 | €13,417 | - | - | €384 | €224 | ▼ 41.8% |
| Suppliers440/4 | - | - | - | €384 | €224 | ▼ 41.8% |
| Taxes, remuneration and social security45 | - | €14,099 | €6,162 | €6,826 | €3,772 | ▼ 44.7% |
| Taxes450/3 | - | €14,099 | €6,162 | €6,826 | €3,772 | ▼ 44.7% |
| Other amounts payable47/48 | - | €238 | - | - | €122,400 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,223 | €7,149 | €13,990 | -€8,424 | -€27,507 | ▼ 227% |
| Operating cash flow (approximation) | €95,223 | €7,149 | €13,990 | -€8,424 | -€27,507 | ▼ 227% |
| Change in cash | - | -€6,407 | €250 | -€397 | -€842 | ▼ 112% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
17-06
State Gazette act
Resignation: Bart Henkens (director)Director discharge3 facts ▸
State Gazette act
Resignation: Bart Henkens (director)
Director discharge3 facts ▸
- Board meeting, 05-01-2026
- Director resignation, Bart Henkens (director)
- Director discharge, Bart Henkens (director)
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€27,507
Net result drops to -€27,507, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 56.21
Current ratio from 23.75 to 56.21; short-term debt falls from €14,337 to €6,162.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 23.75
Current ratio from 4.16 to 23.75; short-term debt falls from €101,128 to €14,337.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €95,223 ▲16.6%
Operating result €128,477, net result €95,223, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 3.30
Current ratio from 1.30 to 3.30; short-term debt falls from €477,219 to €97,284.
31-12
Financial
Equity above €200,000Eq €223,843 ▲57.4%
2 profitable years in a row build equity to €223,843.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Diest · 1 establishment unit since 2017
Ground area
4,183 m²
Building footprint
401 m²
Volume, LiDAR
1,707 m³
Parcel 24020B0282/00C002, Flanders · tallest building 18.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BRX
since 20172.261.120.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020B0282/00C002 | Flanders | 4,183 m² | 1 · 401 m² | 18.3 m · 1 fl. |
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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bart Henkens |
|
Articles of association
Other statement
One provision in the deed
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Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
42990Civil engineering
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669948217
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.