Turnover
The abbreviated format states no turnover.
The abbreviated format states no turnover.
Green is investment, beige is depreciation.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 34% of them on solvency, 9% on liquidity and 36% on profitability.
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 30-11-2025.
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).
In July 2024, 2,542 companies had the same profile as BUILDERBERG has now. Each dot stands for 7 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BUILDERBERG itself is lower: 0.5% within 12 months. It rests on far more data about BUILDERBERG than the profile alone.
The method was tested on the 497,447 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 2,542 companies, not a prediction for BUILDERBERG. 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.
Liquidity is tight, with a current ratio of 1.07 (1.67 in 2023), below the usual 1.5. Short-term debt is 86.9% and cash 4.3% of total assets. 86.9% of the assets are financed with debt and provisions.
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.
The company filed its last 3 accounts on average 36 days before the deadline. In the sector (NACE 68), the median for financial year 2023 was 5 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BUILDERBERG Ghent | €264,314 | €10,143 | 13.1% | - |
| DOMESTIEK Wevelgem | €287,597 | €12,907 | -8.9% | - |
| MIROIR IMMOBILIER Liège | €327,551 | €12,026 | 21.6% | - |
| LA METROPOLE Lobbes | €220,211 | €10,636 | 10.3% | - |
| TEMPUS TRANSIT GUSTIN FAMILIA Mettet | €238,349 | €15,021 | -7.4% | - |
| Immo 677 Drogenbos | €407,779 | €10,659 | 75.5% | - |
| White Dreams Invest Maaseik | €221,907 | €13,883 | 52.2% | - |
These companies have the same main activity as BUILDERBERG: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €220,000 and €408,000, founded between 2020 and 2022.
BUILDERBERG files the abbreviated format. That format states no turnover. The gross margin rose from -€17,512 in 2022 to €10,143 in 2025.
AEC-PROJECTS holds 65% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €35,000. Estimated: probably between €18,000 and €75,000.
Higher than 32% of 11,297 companies in 2025.
Higher than 47% of 10,849 companies in 2025.
Higher than 39% of 11,182 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
264,314 | 75,181 | 31,174 | |
21/28 |
18,224 | 7,579 | 9,500 | |
21 |
13,591 | - | - | |
22/27 |
4,633 | 7,579 | 9,500 | |
23 |
541 | 2,215 | 3,474 | |
24 |
3,074 | 4,034 | 4,535 | |
26 |
1,018 | 1,329 | 1,492 | |
29/58 |
246,089 | 67,603 | 21,674 | |
40/41 |
232,688 | 66,160 | 16,396 | |
40 |
222,460 | 65,869 | 14,691 | |
41 |
10,228 | 291 | 1,705 | |
54/58 |
11,469 | 220 | 4,273 | |
490/1 |
1,932 | 1,222 | 1,005 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
264,314 | 75,181 | 31,174 | |
10/15 |
34,631 | 34,624 | -5,777 | |
10/11 |
33,000 | 33,000 | 33,000 | |
14 |
1,631 | 1,624 | -38,777 | |
17/49 |
229,683 | 40,557 | 36,951 | |
42/48 |
229,683 | 40,557 | 36,951 | |
43 |
71,929 | - | - | |
430/8 |
71,929 | - | - | |
44 |
91,186 | 27,745 | 26,649 | |
440/4 |
91,186 | 27,745 | 26,649 | |
45 |
1,089 | 6,121 | 4,010 | |
450/3 |
1,089 | 5,232 | 1,941 | |
454/9 |
- | 889 | 2,070 | |
47/48 |
65,478 | 6,692 | 6,292 | |
| Income statement | ||||
9900 |
10,143 | 67,340 | -17,512 | |
62 |
- | 21,251 | 18,521 | |
630 |
4,624 | 1,922 | 1,830 | |
640/8 |
2,513 | 1,850 | 834 | |
9901 |
3,006 | 42,317 | -38,697 | |
75/76B |
1,091 | 16 | 51 | |
75 |
1,091 | 16 | 51 | |
65/66B |
3,000 | 646 | 131 | |
65 |
3,000 | 646 | 131 | |
9903 |
1,098 | 41,687 | -38,777 | |
67/77 |
1,091 | 1,286 | - | |
9904 |
7 | 40,401 | -38,777 | |
9905 |
7 | 40,401 | -38,777 | |
| Appropriation of the result | ||||
9906 |
1,631 | 1,624 | -38,777 | |
14P |
1,624 | -38,777 | - | |
| Social balance sheet | ||||
9087 |
- | 0.4 | 0.5 | |
Hours worked1013 |
- | 600 | 701 | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-06-2026.
| Line | Trend | 2025 | 2023 | 2022 |
|---|---|---|---|---|
| 7,630 | 44,238 | -36,867 | ||
| 4,631 | 42,322 | -36,947 | ||
| 15,270 | 0 | 11,330 | ||
| - | -4,052 | - | ||
| 16,407 | 27,045 | -15,277 | ||
| 13.1% | 46.1% | -18.5% | ||
| 1.07 | 1.67 | 0.59 | ||
| 6.63 | 1.17 | - | ||
| 0.0% | 116.7% | - | ||
| 0.0% | 53.7% | -124.4% | ||
| 2.54 | 68.49 | -281.38 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2023 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| part-time | - | 1 |
| in full-time equivalents | - | 0.4 |
| 0.4 | 0.5 | |
| On a permanent contract | - | 1 |
| Joined | 0 | 2 |
| Left | 1 | 1 |
Source: social balance sheet in the 2022 to 2023 annual accounts
| Item | 30-11-2025 | 2023 | 2022 |
|---|---|---|---|
| Tangible fixed assets | - | - | €11,330 |
| Intangible fixed assets | €15,270 | - | - |
| €4,624 | €1,922 | €1,830 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is €3,006, against €42,317 in 2023. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 86.9%.
Further up the chainACCESS ESTATE 100%
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-06-2024 accounts of AEC-PROJECTS. Every holding stands with its own latest accounts.
| ACCESS ESTATE
registered office since 28-05-2018 · founded in 2018 |
1.3 FTE (2026) 0696.812.960 |
| TMC-Projects
registered office since 25-06-2024 · founded in 2024 · negative equity (2024) |
total assets €3,769 (2024) 1010.717.036 |
| TMC-Corporate
registered office since 16-12-2025 |
founded in 2025 1031.687.347 |
| TMC-Estate
establishment since 16-12-2025 |
founded in 2025 1031.687.446 |
| TMC-Invest
establishment since 16-12-2025 |
founded in 2025 1031.687.248 |
| ACCESS ESTATE via AEC-PROJECTS, at BUILDERBERG until 2024 · Director (not named in the articles) · deed of 08-07-2020 founded in 2018 |
1.3 FTE (2026) |
| FRESOF via Frederic Piens, at BUILDERBERG until 2022 · Director · deed of 28-12-2023 No longer active |
total assets €768,151 (2025) |
| ACCESS ESTATE - W & D via AEC-PROJECTS, at BUILDERBERG until 2024 · Director · deed of 25-05-2022 No longer active |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
BUILDERBERG was incorporated on 24 December 2021 as a private limited company by BV AEC-Projects and one natural person, with a starting capital of €33,000.12 The name was changed to BUILDERBERG in 2024.3 The registered office was moved to Ghent in 2024.3 The board currently has 3 members, 3 of whom have served since 2024.4 Total assets rose from €31,174 in 2022 to €264,314 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Laurent Delvauxstraat 1 registered office 9000 Ghent | 24-12-2021 | 2.325.942.709 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44805E0844/00Z000 | 109 m² | 1 · 99 m² | 17.4 m · 5 |
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