Turnover
≈ €280,000 estimated
The accounts state no turnover.
BXP
Lifetime
7 annual accounts with figures on one time axispeak €85,707 (2023)
€70,293▲ 36.5%
lowest -€20,048 (2021)
€43,149▲ 51.2%
peak €178,640 (2025)
€178,640▲ 31.8%
€321,697▼ 10.7%
Board1 name since 2022
1 directorSRL IBX
Owners
99.46%IBX
Documentsfilings and deeds
10-06-202651 days before the deadline
2025financial year
Gross margin from €51,513 to €70,293Result from €28,545 to €43,149Equity from €135,492 to €178,640Investments €2,127Cash from €203,756 to €118,801
Key points
from the 2025 annual accountsInvestments
€5,297 4.8 × depreciation
Green is investment, beige is depreciation.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 0 to 51 days before the end of the period.
Checked score
85
Excellent
Financially stronger than 55% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.5%▼ -0.4 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.5%▲ +0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.4%▼ -0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 1.51, cash €118,801
Figures for financial year 2025 (filed on 10-06-2026)
Size: total assets €500,337
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 41, micro). It does better than 43% of them on solvency, 44% on liquidity, 60% on profitability and 72% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 6,782 companies had the same profile as BXP has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of BXP itself: 0.4% 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 6,782 companies, not a prediction for BXP. 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 €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.51 (1.34 in 2024), above the usual 1.5. Short-term debt is 64.3% and cash 23.7% of total assets. However, 64.3% 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 10-06-2026, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
51 days early
2024
22 days early
2023
22 days early
2022
on the day
2021
on the day
2020
3 days early
2019
36 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 19 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 10 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0693852777
Change of role: SRL IBX, from manager to director
Permanent representative: Daniel BRUNIAUX · General meeting of 30-10-2023 · Gazette deed
Incorporation
published on 05-04-2018 · Gazette deed
First establishment
Rue des Droits de l'Homme 36, Morlanwelz
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BXP Morlanwelz | €500,337 | €70,293 | 35.7% | - |
| JN RENOVA Soignies | €449,613 | €66,966 | 25.3% | - |
| LDB CONCEPT Le Roeulx | €609,572 | €65,712 | 7.6% | - |
| CASTAGNA CONSTRUCT La Louvière | €446,686 | €90,036 | 61.7% | - |
| MILESIM Waimes | €527,267 | €67,918 | 21.3% | - |
| SOLID-BXL Forest | €558,566 | €69,154 | 18.8% | - |
| BUILDING MANAGEMENT PROJECT Kraainem | €549,254 | €65,980 | 55.4% | - |
These companies have the same main activity as BXP: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €447,000 and €610,000, founded between 2017 and 2018.
Official details
Source: KBO- Status
- Active since 03-04-2018Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.274.628.9177140 Morlanwelz, since 03-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 14-10-2025
Annual accounts 2025
- €500,337▲ 0.9%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on BXP
BXP has existed since 2018. The gross margin grew from €29,041 in 2019 to €70,293 in 2025.
Solvency rose in 2025 from 27.3% to 35.7% because of the retained profit and lower debts.
IBX holds 99.46% of the shares.
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 BXP
- What is the company number of BXP?
- The company number of BXP is 0693.852.777. The VAT number is the same number with BE in front: BE 0693.852.777.
- Where is BXP based?
- The registered office is at Rue des Droits de l'Homme 36, 7140 Morlanwelz.Company details
- What does BXP do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of BXP?
- BXP is a private limited company (BV).
- When was BXP founded?
- BXP was founded on 03-04-2018.
- Is BXP still active?
- Yes, BXP is an active enterprise in the KBO register.
- What is the turnover of BXP?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €70,293 and 38 comparable companies (NACE 41001). It probably lies between €190,000 and €400,000.Financials
- Is BXP profitable?
- In financial year 2025, BXP made a profit of €43,149.
- Where can I find the annual accounts of BXP?
- BXP filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BXP due?
- BXP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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