Tricks for Bricks
ActiveSummary
Tricks for Bricks has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60,107 and a net result of €99,935. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+33
Solvency51▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.38 in 2023; short-term debt: 74% and cash: 2.6% of total assets), and 74% of the assets are financed with debt.
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Signals
Three 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
56 d early
2022
69 d early
2021
24 d early
2020
17 d early
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€60,107▲ 19.8%
2023 · €50,172
Total assets
€231,502▲ 55.1%
2023 · €149,218
Net result
€99,935▲ 2,676%
2023 · €3,600
Working capital
€49,875▲ 33.5%
2023 · €37,366
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,460€36,097€18,656▼ 48.3%€7,562▼ 59.5%€106,300▲ 1,306%
Net result-€10,867below the sector's middle half€27,852within the sector's middle half€12,310within the sector's middle half▼ 55.8%€3,600within the sector's middle half▼ 70.8%€99,935above the sector's middle half▲ 2,676%
Equity€6,411below the sector's middle half▼ 62.9%€34,263below the sector's middle half▲ 434%€46,572below the sector's middle half▲ 35.9%€50,172below the sector's middle half▲ 7.7%€60,107below the sector's middle half▲ 19.8%
Total assets€547,864below the sector's middle half▼ 7.5%€408,432below the sector's middle half▼ 25.5%€435,114below the sector's middle half▲ 6.5%€149,218below the sector's middle half▼ 65.7%€231,502below the sector's middle half▲ 55.1%
Debt€541,453▼ 5.9%€374,169▼ 30.9%€388,542▲ 3.8%€99,046▼ 74.5%€171,395▲ 73.0%
Working capital-€20,648within the sector's middle half▼ 204%€4,188within the sector's middle half€23,397within the sector's middle half▲ 459%€37,366within the sector's middle half▲ 59.7%€49,875within the sector's middle half▲ 33.5%
Solvency1.2%below the sector's middle half▼ 1.7pp8.4%below the sector's middle half▲ 7.2pp10.7%within the sector's middle half▲ 2.3pp33.6%within the sector's middle half▲ 22.9pp26.0%within the sector's middle half▼ 7.7pp
Current ratio0.96within the sector's middle half▼ 0.031.01within the sector's middle half▲ 0.051.06within the sector's middle half▲ 0.051.38within the sector's middle half▲ 0.321.29within the sector's middle half▼ 0.09
Return on assets (ROA)-2.0%below the sector's middle half▼ 3.3pp6.8%above the sector's middle half▲ 8.8pp2.8%within the sector's middle half▼ 4.0pp2.4%within the sector's middle half▼ 0.4pp43.2%above the sector's middle half▲ 40.8pp
Staff (FTE)1.5within the sector's middle half▼ 34.8%1.2within the sector's middle half▼ 20.0%1.1within the sector's middle half▼ 8.3%0.1within the sector's middle half▼ 90.9%0within the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,306% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €231,502
Fixed assets
€10,232 ▼ 27.6%
Current assets
€221,270 ▲ 63.8%
Equity and liabilities €231,502
Equity
€60,107 ▲ 19.8%
Debt
€171,395 ▲ 73.0%
Debt's share of the balance-sheet total rises from 66.4% to 74.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110,889▲
2023 · €12,222
Cash flow
€104,524▲
2023 · €8,260
Debt to equity
2.85▲
2023 · 1.97
ROE
166.3%▲
2023 · 7.2%
Interest coverage
48.33▲
2023 · 5.40
Debt ≤ 1 year
€171,395▲
2023 · €97,722
Income taxes
€4,071▲
2023 · €1,699
Staff costs
€0▼
2023 · €13,805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €77,350 | €72,787 | €13,805 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,480 | €12,404 | €11,677 | €4,660 | €4,589 | ▼ 1.5% |
| Other operating charges640/8 | - | €1,306 | €1,233 | €620 | €603 | ▼ 2.7% |
| Non-recurring operating charges66A | - | - | - | €321 | €0 | ▼ 100% |
| Gross operating margin9900 | €99,381 | €127,158 | €104,352 | €26,968 | €111,491 | ▲ 313% |
| Operating profit (loss)9901 | -€2,460 | €36,097 | €18,656 | €7,562 | €106,300 | ▲ 1,306% |
| Financial income75/76B | - | - | €3,045 | €0 | - | - |
| Recurring financial income75 | €0 | - | €3,045 | €0 | - | - |
| Financial charges65/66B | - | €3,985 | €2,709 | €2,263 | €2,294 | ▲ 1.4% |
| Recurring financial charges65 | €7,121 | €3,985 | €2,709 | €2,263 | €2,294 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | -€10,867 | €32,113 | €18,992 | €5,299 | €104,005 | ▲ 1,863% |
| Income taxes67/77 | €0 | €4,261 | €6,683 | €1,699 | €4,071 | ▲ 140% |
| Profit (loss) for the period9904 | -€10,867 | €27,852 | €12,310 | €3,600 | €99,935 | ▲ 2,676% |
| Profit (loss) for the period to be appropriated9905 | -€10,867 | €27,852 | €12,310 | €3,600 | €99,935 | ▲ 2,676% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €547,864 | €408,432 | €435,114 | €149,218 | €231,502 | ▲ 55.1% |
| Fixed assets21/28 | €39,932 | €30,836 | €23,175 | €14,130 | €10,232 | ▼ 27.6% |
| Tangible fixed assets22/27 | €39,932 | €30,836 | €23,175 | €14,130 | €10,232 | ▼ 27.6% |
| Plant, machinery and equipment23 | - | €21,898 | €20,711 | €14,130 | €10,232 | ▼ 27.6% |
| Furniture and vehicles24 | - | €8,938 | €2,464 | €0 | - | - |
| Current assets29/58 | €507,932 | €377,595 | €411,939 | €135,089 | €221,270 | ▲ 63.8% |
| Amounts receivable within one year40/41 | €488,457 | €368,156 | €405,621 | €131,877 | €214,523 | ▲ 62.7% |
| Trade receivables40 | - | €367,861 | €402,842 | €124,273 | €213,594 | ▲ 71.9% |
| Other amounts receivable41 | - | €296 | €2,778 | €7,604 | €929 | ▼ 87.8% |
| Cash at bank and in hand54/58 | €18,324 | €7,306 | €1,691 | €2,979 | €5,998 | ▲ 101% |
| Deferred charges and accrued income490/1 | - | €2,133 | €4,627 | €233 | €748 | ▲ 221% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €547,864 | €408,432 | €435,114 | €149,218 | €231,502 | ▲ 55.1% |
| Equity10/15 | €6,411 | €34,263 | €46,572 | €50,172 | €60,107 | ▲ 19.8% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €2,032 | €2,032 | €2,032 | €2,032 | €2,032 | = |
| Non-distributable reserves130/1 | - | €2,032 | €2,032 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,032 | €2,032 | €0 | - | - |
| Distributable reserves133 | - | - | - | €2,032 | €2,032 | = |
| Profit (loss) carried forward14 | -€35,621 | -€7,769 | €4,541 | €8,141 | €18,075 | ▲ 122% |
| Amounts payable17/49 | €541,453 | €374,169 | €388,542 | €99,046 | €171,395 | ▲ 73.0% |
| Amounts payable after more than one year17 | €12,774 | €684 | €0 | - | - | - |
| Financial debts170/4 | - | €684 | €0 | - | - | - |
| Amounts payable within one year42/48 | €528,580 | €373,407 | €388,542 | €97,722 | €171,395 | ▲ 75.4% |
| Current portion of amounts payable after more than one year42 | - | - | €684 | €0 | - | - |
| Financial debts43 | - | €12,090 | €0 | - | - | - |
| Credit institutions430/8 | - | €12,090 | €0 | - | - | - |
| Trade debts44 | €413,256 | €295,409 | €277,418 | €59,284 | €77,067 | ▲ 30.0% |
| Suppliers440/4 | - | €295,409 | €277,418 | €59,284 | €77,067 | ▲ 30.0% |
| Taxes, remuneration and social security45 | - | €11,271 | €8,812 | €257 | €4,327 | ▲ 1,585% |
| Taxes450/3 | - | €4,162 | €4,702 | €257 | €4,327 | ▲ 1,585% |
| Remuneration and social security454/9 | - | €7,110 | €4,110 | €0 | - | - |
| Other amounts payable47/48 | - | €54,636 | €101,628 | €38,182 | €90,000 | ▲ 136% |
| Accrued charges and deferred income492/3 | - | €78 | €0 | €1,324 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,867 | €27,852 | €12,310 | €3,600 | €99,935 | ▲ 2,676% |
| + Depreciation and write-downs630 | €12,480 | €12,404 | €11,677 | €4,660 | €4,589 | ▼ 1.5% |
| Operating cash flow (approximation) | €1,613 | €40,256 | €23,986 | €8,260 | €104,524 | ▲ 1,165% |
| Investment in fixed assets (approximation) | - | -€3,308 | -€4,015 | €4,385 | -€692 | ▼ 116% |
| Change in cash | - | -€11,019 | -€5,614 | €1,288 | €3,019 | ▲ 134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €99,935 ▲2,676%
Operating result €106,300, net result €99,935, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €27,852
Net result €27,852 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Back to profitnet €7,712
Net result €7,712 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2014
Ground area
7,939 m²
Building footprint
1,226 m²
Volume, LiDAR
15,825 m³
Parcel 41342B0950/00M002, Flanders · tallest building 29.3 m, ±9 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Tricks for Bricks
since 20142.227.883.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0950/00M002 | Flanders | 7,939 m² | 2 · 1,226 m² | 29.3 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
1 ownerOwners 1
- Sourceaccounts MakHzen 202520%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,992 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547897570
Also
9925:BE0547897570
Registered
02-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.