DE BRUG PROJECTS

Active

Private limited companyfounded 20215 yrs activeGrote Leiestraat 201, 8570 Anzegem, BelgiumKBO/BCE: BE 0772.712.688

Summary

The annual accounts of DE BRUG PROJECTS for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €13,506 and a net result of -€37,348. Equity is shrinking by ~25.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 22% of 10466 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch Report Compare

DE BRUG PROJECTSActiveChecked score 53/100

Risk analysis Report Compare

Activity

Development of residential building projects

NACE 68121Real estate development NACE 41101

1 site

Size

€369,434total assets 2025

Equity: €13,506
Loss: -€37,348

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.5%

Structure

Accounts 115 d early0 of 1 deed read

Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €37,348 (FY 2025)- Equity €13,506 (3.7% of total assets)+ Sector Real estate activities (NACE 68)+ Size: total assets €369,434Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 18% of its sector peers (NACE 68, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 29-12

equity 3.7% of total assets

Liquidity 32+4

short-term debt 47.4% · cash 4.4%

Profitability 12-37

return on assets -10.1%

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)

Last 24 months 11-2024: 0.8%highest value 12-2024: 0.5%▼ -39.2% vs 11-2024 01-2025: 0.5%▼ -1.4% vs 12-2024 02-2025: 0.5%● 0.0% vs 01-2025 03-2025: 0.5%▼ -2.4% vs 02-2025 04-2025: 0.5%● 0.0% vs 03-2025 05-2025: 0.4%▼ -21.3% vs 04-2025 06-2025: 0.4%▼ -2.3% vs 05-2025 07-2025: 0.4%▼ -1.3% vs 06-2025 08-2025: 0.4%▼ -2.4% vs 07-2025lowest value 09-2025: 0.4%● 0.0% vs 08-2025lowest value 10-2025: 0.4%▲ +7.4% vs 09-2025 11-2025: 0.4%▲ +4.3% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%▲ +3.2% vs 12-2025 02-2026: 0.4%▲ +3.6% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.4%● 0.0% vs 03-2026 05-2026: 0.4%● 0.0% vs 04-2026 06-2026: 0.4%● 0.0% vs 05-2026 07-2026: 0.4%▼ -1.4% vs 06-2026 08-2026: 0.4%● 0.0% vs 07-2026 09-2026: 0.4%● 0.0% vs 08-2026 10-2026: 0.5%▲ +17.7% vs 09-2026

Sector Real estate activities (NACE 68) lowers the probability
Loss of €37,348 (FY 2025) raises the probability
Size: total assets €369,434 lowers the probability for this profile
Equity €13,506 (3.7% of total assets) raises the probability

Credit up to €500 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 2.11 against 2.14 in 2024; short-term debt: 47.4% and cash: 4.4% of total assets), but 96.3% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 24%, liquidity 25%, profitability 15%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Real estate activities (NACE 68)

In the bankruptcy model this factor lowers the probability.

KBO

Loss of €37,348 (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €369,434

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €13,506 (3.7% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10466 sector peers (2025).

NBB · sector comparison

Position among 10466 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-10-2025, 115 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

115 d early

2024

66 d early

2023

65 d early

2022

16 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 27 November (3 of the last 4 filed years within 50 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close03-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

08-10-25 Annual accounts filedfiscal year 2025 · abbreviated…
30-06-25 Weakest financial yearnet -€37,348
26-11-24 Annual accounts filedfiscal year 2024 · abbreviated…

Key points

Caution: From profit to loss in 2025after €14,419 in 2024 -€37,348 View
Caution: Among the weakest 19% on net resultsector median €10,430 · 10,455 companies -€37,348 View
Total assets 20254 fiscal years filed €369,434 View