Losses
-€664,541 in nine years
Every financial year from 2017 to 2025 closed with a loss. 2020 was the heaviest.
Business Brewery
Lifetime
19 annual accounts with figures on one time axis, 40 filings since 1986peak €509,067 (2024)
€385,638▼ 24.2%
lowest -€159,407 (2020)
-€53,392▼ €41,842
peak €2.1m (2010)
€1.3m▼ 4.3%
€288,015▼ 15.4%
peak 2.5 FTE (2015)
-not published
Board74 names since 2005all names
8 directorsDEPOORTER Jan and 7 others
Owners2 names in the annual accounts
0.47%UC Leuven
Documentsfilings and deeds
25-05-202667 days before the deadline
2025micro format
Gross margin from €509,067 to €385,638Loss of €53,392Reappointment: PKF Bofidi Audit (statutory auditor) 27-10Debts from €340,494 to €288,015
Key points
from the 2025 annual accountsTurnover
≈ €770,000 estimated
The accounts state no turnover.
Investments
€64,001 0.3 × depreciation
Green is investment, beige is depreciation.
Filings
40 annual accounts since 1986
The last five annual accounts were filed 7 to 67 days before the end of the period.
At the same address
119 companies
Position in the sector
-€53,392
Lower net result than 95% of companies in security and investigation. Sector median €8,676 · 323 companies.
Checked score
95
Excellent
Financially stronger than 57% of micro companies in security and investigation (NACE 80)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 480 companies (NACE 80, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €53,392, the second in a row (financial year 2025)
lowers risk
Size: total assets €1.7m
Founded in 1985
Figures for financial year 2025 (filed on 26-05-2026)
Calculation
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 80, micro). It does better than 90% of them on solvency, 63% on liquidity, 40% on profitability and 36% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as Business Brewery has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Business Brewery itself: < 0.1% within 12 months.
Test of the method
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 12,322 companies, not a prediction for Business Brewery. 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.
Credit verdict
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.31 (1.99 in 2024), above the usual 1.5. Short-term debt is 14.1% and cash 10.3% of total assets. 22.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 25-05-2026, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
67 days early
2024
57 days early
2023
7 days early
2022
28 days early
2021
67 days early
2020
71 days early
2019
70 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 80), the median for financial year 2024 was 2 days before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director appointed, 1 resignation, 6 reappointments
Resignation: Anne Goidts · Appointment: Niels De Brier · Reappointments: Jos Bollen, Johan de Bruijn, Jan Depoorter, Erik de Pessemier, Liesbet Pauwels and Patricia Schoolmeesters · General meeting of 30-04-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0428014676
Reappointment: PKF Bofidi Audit (statutory auditor)
General meeting of 24-04-2025 · Gazette deed
Resignation: Steven Vols (director)
Appointment: Anne Goidts (director) · General meeting of 25-04-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Business Brewery Leuven | €1.7m | €0.4m | 77.4% | - |
| ALINDUS Aalst | €1.5m | €0.7m | 55.5% | 5 |
| FIBOR Antwerp | €1.7m | €1.0m | 78.5% | - |
| TRANS EXECUTIVE Ath | €1.8m | €0.5m | 57.2% | - |
| Belgische federatie van de industrie van de medische technologieen v.z.w. Grimbergen | €1.1m | €1.3m | 60.1% | 7.6 |
| PROVI'SAFE Bierbeek | €2.4m | €0.1m | 98.2% | - |
| ABESCO CONTRACTS Glabbeek | €1.2m | €1.0m | 19.9% | 12.6 |
These companies have the same main activity as Business Brewery: investigation and private security services (NACE 80010). They are comparable in size and age: total assets between €1.1m and €2.4m, founded between 1985 and 2001.
Official details
Source: KBO- Status
- Active since 08-11-1985Normal situation
- Registered office
- 120 active companies are registered at this address8 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Investigation and private security servicesNACE 80010and 1 other
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment unit
- 2.028.208.9293001 Leuven, since 01-02-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Annual accounts 2025
- €1.7m▼ 6.3%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 25-05-2026, 67 days before the end of the filing period
Insights on Business Brewery
Business Brewery files the micro format. That format states no turnover. The gross margin rose from €300,017 in 2007 to €385,638 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Business Brewery
- What is the company number of Business Brewery?
- The company number of Business Brewery is 0428.014.676. The VAT number is the same number with BE in front: BE 0428.014.676.
- Where is Business Brewery based?
- The registered office is at Interleuvenlaan 62, 3001 Leuven.Company details
- What does Business Brewery do?
- According to the KBO register, the main activity is investigation and private security services (NACE 80010).
- What is the legal form of Business Brewery?
- Business Brewery is a public limited company (NV).
- When was Business Brewery founded?
- Business Brewery was founded on 08-11-1985.
- Is Business Brewery still active?
- Yes, Business Brewery is an active enterprise in the KBO register.
- How many employees does Business Brewery have?
- Business Brewery had an average of 2.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Business Brewery fall under?
- In its 2021 annual accounts, Business Brewery states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Business Brewery?
- The turnover in financial year 2025 is ≈ €770,000. This figure is estimated from the gross margin of €385,638 and 881 comparable companies of the same size. It probably lies between €540,000 and €1.1m. It is a rough estimate.
- Is Business Brewery profitable?
- In financial year 2025, Business Brewery made a loss of €53,392.
- Where can I find the annual accounts of Business Brewery?
- Business Brewery filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Business Brewery due?
- Business Brewery must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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