INVESTBRA
ActiveINVESTBRA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.48M and a net result of €102k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 95% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-8
Solvency100=
Growth47▼-13
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 12.04 against 2.58 in 2023; short-term debt: 0.6% and cash: 5.6% of total assets), and 0.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.3%
Return on assets
2.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
26 d early
2023
128 d early
2022
53 d early
2021
36 d early
2020
60 d early
2019
153 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€430k▼ 0.4%
2023 · €432k
2018: €489k
2019: €476k
2020: €463k
2021: €451k
2022: €443k
2023: €432k
2018 → 2025
EBIT margin
31.9%▼ 9.1pp
2023 · 40.9%
2018: 30.9%
2019: 34.9%
2020: 38.5%
2021: 39.9%
2022: 41.4%
2023: 40.9%
2018 → 2025
Net result
€102k▼ 9.8%
2023 · €113k
2018: €83k
2019: €96k
2020: €106k
2021: €115k
2022: €120k
2023: €113k
2018 → 2025
Working capital
€309k▼ 87.8%
2023 · €2.54M
2018: €606k
2019: €1.02M
2020: €1.39M
2021: €1.76M
2022: €2.13M
2023: €2.54M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€463k-€451k▼ 2.7%€443k▼ 1.7%€432k▼ 2.6%€430k▼ 0.4%
Equity€7.09M-€7.21M▲ 1.6%€7.32M▲ 1.7%€7.44M▲ 1.5%€4.48M▼ 39.8%
Operating result€178k-€180k▲ 0.8%€184k▲ 2.1%€177k▼ 3.7%€137k▼ 22.4%
Net result€106k-€115k▲ 8.7%€120k▲ 3.7%€113k▼ 5.2%€102k▼ 9.8%
Result per fiscal year
Operating resultNet result
The operating result is €137k in 2025, compared with €177k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €4.51M
Fixed assets
€4.18M▼ 16.1%
Current assets
€337k▼ 91.9%
Equity and liabilities €4.51M
Equity
€4.48M▼ 39.8%
Debt
€33k▼ 98.0%
The debt ratio falls from 18.4% to 0.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€368k▼
2023 · €421k
Cash flow
€333k▼
2023 · €357k
Solvency
99.3%▲
2023 · 81.6%
Current ratio
12.04▲
2023 · 2.58
Quick ratio
12.04▲
2023 · 1.70
Debt / equity
0.01▼
2023 · 0.23
ROE
2.3%▲
2023 · 1.5%
ROA
2.3%▲
2023 · 1.2%
Debt
€33k▼
2023 · €1.67M
Debt ≤ 1 year
€28k▼
2023 · €1.60M
Income taxes
€34k▼
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€9.11M€4.51M▼
Fixed assets21/28€4.98M€4.18M▼
Tangible fixed assets22/27€2.88M€2.42M▼
Land and buildings22€2.88M€2.42M▼
Financial fixed assets28€2.10M€1.76M▼
Affiliated companies280/1€2.10M€1.76M▼
Participating interests280€2.10M€1.76M▼
Current assets29/58€4.14M€337k▼
Stocks and contracts in progress3€1.41M€0▼
Stocks30/36€1.41M-
Property held for sale35€1.41M-
Amounts receivable within one year40/41€10k€57k▲
Trade receivables40€5k€0▼
Other amounts receivable41€5k€57k▲
Current investments50/53€2.50M€0▼
Other investments51/53€2.50M€0▼
Cash at bank and in hand54/58€183k€251k▲
Deferred charges and accrued income490/1€27k€28k▲
Equity and liabilities
Total equity and liabilities10/49€9.11M€4.51M▼
Equity10/15€7.44M€4.48M▼
Contributions10/11€62k€94k▲
Capital10€62k€94k▲
Issued capital100€62k€94k▲
Reserves13€7.38M€4.29M▼
Non-distributable reserves130/1€6k€9k▲
Legal reserve130€6k€9k▲
Distributable reserves133€7.37M€4.28M▼
Profit (loss) carried forward14€428€97k▲
Amounts payable17/49€1.67M€33k▼
Amounts payable within one year42/48€1.60M€28k▼
Current portion of amounts payable after more than one year42€1.60M-
Trade debts44-€28k
Suppliers440/4-€28k
Taxes, remuneration and social security45€98€0▼
Taxes450/3€98€0▼
Other amounts payable47/48-€0
Accrued charges and deferred income492/3€74k€5k▼
Income statement
Code20232025
Operating income70/76A€453k€430k▼
Turnover70€432k€430k▼
Other operating income74€21k€0▼
Non-recurring operating income76A-€0
Operating charges60/66A€276k€293k▲
Purchases600/8€91k€0▼
Change in stocks: decrease (increase)609€-91k€0▲
Services and other goods61€6k€30k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€244k€231k▼
Other operating charges640/8€26k€33k▲
Operating profit (loss)9901€177k€137k▼
Financial income75/76B€43k€0▼
Recurring financial income75€43k€0▼
Income from current assets751€43k€0▼
Other financial income752/9-€0
Financial charges65/66B€69k€859▼
Recurring financial charges65€69k€859▼
Debt charges650€69k€0▼
Other financial charges652/9€63€859▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€151k€136k▼
Income taxes67/77€38k€34k▼
Taxes670/3€38k€34k▼
Profit (loss) for the period9904€113k€102k▼
Profit (loss) for the period to be appropriated9905€113k€102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€102k▼
Profit (loss) brought forward from the previous period14P€2k€0▼
Transfer from equity791/2-€0
From reserves792-€0
Transfer to equity691/2€115k€6k▼
To the legal reserve6920-€6k
To other reserves6921€115k-
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Liquidity times 5current ratio 12.04
Current ratio from 2.58 to 12.04; short-term debt falls from €1.60M to €28k.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €120k ▲3.7%
Operating result €184k, net result €120k, both a record.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
04-03-2025
Braphinvest: Resigned as Director
04-03-2025
Braphinvest: Resigned as Managing director
04-03-2025
FIBRACO: Resigned as Director
04-03-2025
FIBRACO: Resigned as Managing director
04-03-2025
JB BRAET: Resigned as Director
04-03-2025
JB BRAET: Resigned as Managing director
24-09-2014
A. Gossetlaan 15: Resigned as Director
Location & real-estate footprint
Registered office, Nieuwpoort · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Toevluchtweg 28620 NieuwpoortGround area
2.7 ha
Building footprint
2,473 m²
Volume, LiDAR
23,451 m³
Parcel 38021B0398/00E000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INVESTBRA
since 19912.051.759.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38021B0398/00E000 | Flanders | 2.7 ha | 1 · 2,473 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
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Of 12,016 companies in sector 68203 we hold annual accounts for 5,983. 2,791 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1990
Fiscal year end30-09
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.