Brusselse Gewestelijke Huisvestingsmaatschappij - Société du Logement de la Région bruxelles-capitale
ActiveFor the legal form of Brusselse Gewestelijke Huisvestingsmaatschappij - Société du Logement de la Région bruxelles-capitale, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €696.47M and a net result of €1.50M. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 42% of 4500 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
71
/ 100
Healthy▲ +39 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+67
Solvency68▼-2
Growth47=
Stability100
Credit verdict
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 4.73 against 6.1 in 2024), but 70.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
92 d early
2023
36 d early
2022
48 d early
2021
73 d early
2020
53 d early
2019
66 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.04M▲ 2.8%
2024 · €7.83M
2018: €7.61M
2019: €7.59M
2020: €7.78M
2021: €7.80M
2022: €12.12M
2023: €8.41M
2024: €7.83M
2018 → 2025
EBIT margin
-33.7%▲ 92.4pp
2024 · -126.2%
2018: -44.1%
2019: -43.5%
2020: -17.8%
2021: -54.8%
2022: -50.8%
2023: -73.2%
2024: -126.2%
2018 → 2025
Net result
€1.50M
2024 · €-3.15M
2018: €9.95M
2019: €7.39M
2020: €10.11M
2021: €7.43M
2022: €6.94M
2023: €6.92M
2024: €-3.15M
2018 → 2025
Working capital
€1.80B▼ 1.8%
2024 · €1.84B
2018: €1.42B
2019: €1.51B
2020: €1.51B
2021: €1.55B
2022: €1.52B
2023: €1.68B
2024: €1.84B
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7.80M-€12.12M▲ 55.4%€8.41M▼ 30.6%€7.83M▼ 6.9%€8.04M▲ 2.8%
Equity€694.96M-€701.01M▲ 0.9%€704.58M▲ 0.5%€698.28M▼ 0.9%€696.47M▼ 0.3%
Operating result€-4.28M-€-6.16M▼ 44.0%€-6.15M▲ 0.1%€-9.87M▼ 60.6%€-2.71M▲ 72.5%
Net result€7.43M-€6.94M▼ 6.6%€6.92M▼ 0.3%€-3.15M€1.50M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.71M in 2025 against €9.87M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.37B
Fixed assets
€81.73M▼ 6.3%
Current assets
€2.29B▲ 4.1%
Equity and liabilities €2.37B
Equity
€696.47M▼ 0.3%
Provisions
€2.02M▲ 0.4%
Debt
€1.67B▲ 5.5%
The debt ratio rises from 69.3% to 70.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€3.79M▲
2024 · €-3.29M
Cash flow
€8.00M▲
2024 · €3.44M
Solvency
29.4%▼
2024 · 30.6%
Current ratio
4.73▼
2024 · 6.10
Quick ratio
4.11▼
2024 · 5.38
Debt / equity
2.40▲
2024 · 2.27
ROE
0.2%▲
2024 · -0.5%
ROA
0.1%▲
2024 · -0.1%
Interest coverage
0.18▲
2024 · -0.23
Debt
€1.67B▲
2024 · €1.58B
Debt ≤ 1 year
€483.88M▲
2024 · €359.93M
Debt > 1 year
€1.19B▼
2024 · €1.22B
Income taxes
€-210k▼
2024 · €303k
Staff costs
€21.51M▼
2024 · €21.68M
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.28B€2.37B▲
Fixed assets21/28€87.19M€81.73M▼
Intangible fixed assets21€999k€1.01M▲
Tangible fixed assets22/27€86.19M€80.72M▼
Land and buildings22€15.41M€14.55M▼
Plant, machinery and equipment23€2.41M€2.38M▼
Furniture and vehicles24€1.20M€1.14M▼
Other tangible fixed assets26€67.17M€62.64M▼
Financial fixed assets28€3k€3k=
Affiliated companies280/1€1k€1k=
Participating interests280€1k€1k=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€2.20B€2.29B▲
Amounts receivable after more than one year29€1.60B€1.70B▲
Trade receivables290-€575
Other amounts receivable291€1.60B€1.70B▲
Stocks and contracts in progress3€259.03M€299.11M▲
Stocks30/36€19k€19k=
Raw materials and consumables30/31€19k€19k=
Contracts in progress37€259.01M€299.09M▲
Amounts receivable within one year40/41€291.43M€278.28M▼
Trade receivables40€74.76M€2.22M▼
Other amounts receivable41€216.67M€276.06M▲
Cash at bank and in hand54/58€49.80M€8.34M▼
Deferred charges and accrued income490/1€480k€409k▼
Equity and liabilities
Total equity and liabilities10/49€2.28B€2.37B▲
Equity10/15€698.28M€696.47M▼
Contributions10/11€264.18M€264.18M=
Capital10€264.18M€264.18M=
Issued capital100€264.18M€264.18M=
Reserves13€404.11M€405.61M▲
Non-distributable reserves130/1€7.97M€8.04M▲
Legal reserve130€7.97M€8.04M▲
Tax-exempt reserves132€6.49M€6.49M=
Distributable reserves133€389.65M€391.08M▲
Investment grants15€29.99M€26.69M▼
Provisions and deferred taxes16€2.01M€2.02M▲
Provisions for liabilities and charges160/5€2.01M€2.02M▲
Major repairs and maintenance162€1.54M€1.55M▲
Other liabilities and charges164/5€470k€470k=
Amounts payable17/49€1.58B€1.67B▲
Amounts payable after more than one year17€1.22B€1.19B▼
Financial debts170/4€1.22B€1.19B▼
Credit institutions173€166.68M€129.39M▼
Other loans174€1.06B€1.06B▲
Amounts payable within one year42/48€359.93M€483.88M▲
Current portion of amounts payable after more than one year42€206.40M€83.89M▼
Trade debts44€20.88M€31.63M▲
Suppliers440/4€20.88M€31.63M▲
Taxes, remuneration and social security45€5.73M€2.67M▼
Taxes450/3€3.96M€950k▼
Remuneration and social security454/9€1.76M€1.72M▼
Other amounts payable47/48€126.93M€365.69M▲
Accrued charges and deferred income492/3€1.84M€1.79M▼
Income statement
Code20242025
Operating income70/76A€26.54M€31.34M▲
Turnover70€7.83M€8.04M▲
Other operating income74€18.72M€23.30M▲
Operating charges60/66A€36.42M€34.05M▼
Goods for resale, raw materials and consumables60€0€0=
Purchases600/8€45.00M€40.08M▼
Change in stocks: decrease (increase)609€-45.00M€-40.08M▲
Services and other goods61€4.36M€3.67M▼
Remuneration, social security and pensions62€21.68M€21.51M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.59M€6.50M▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€27k€7k▼
Other operating charges640/8€3.76M€2.36M▼
Non-recurring operating charges66A€9k-
Operating profit (loss)9901€-9.87M€-2.71M▲
Financial income75/76B€22.44M€26.37M▲
Recurring financial income75€22.44M€26.37M▲
Income from financial fixed assets750€1k€2k▲
Income from current assets751€18.13M€22.09M▲
Other financial income752/9€4.31M€4.28M▼
Financial charges65/66B€15.41M€22.37M▲
Recurring financial charges65€15.41M€22.37M▲
Debt charges650€14.49M€21.26M▲
Other financial charges652/9€929k€1.11M▲
Profit (loss) for the period before taxes9903€-2.85M€1.29M▲
Income taxes67/77€303k€-210k▼
Taxes670/3€303k-
Tax adjustments and reversals of tax provisions77-€210k
Profit (loss) for the period9904€-3.15M€1.50M▲
Profit (loss) for the period to be appropriated9905€-3.15M€1.50M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.15M€1.50M▲
Transfer from equity791/2€3.15M-
From reserves792€3.15M-
Transfer to equity691/2-€1.50M
To the legal reserve6920-€75k
To other reserves6921-€1.42M
Social balance
Average headcount (FTE)9087200.3194.2▼
The notes to these accounts (57 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
18-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 2026-04-30
- Auditor appointment, RSM INTERAUDIT (Commissaire)
- Permanent representative, Marie DELACROIX
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €1.50M
Net result €1.50M after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-3.15M ▼146%
Net result drops to €-3.15M, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €10.11M ▲36.9%
Operating result €-1.39M, net result €10.11M, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
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.
22-04-2024
Beatrijs COMER: Resigned as Director
22-04-2024
Brahim LHICHOU: Resigned as Director
07-04-2023
Emeline ROOBROEK: Resigned as Director
12-08-2022
Ariane DIERICKX: Resigned as Director
09-08-2022
Emeline ROOBROEK: Resigned as Director
09-08-2022
Shadi FARKHOJASTEH: Resigned as Director
31-03-2022
Anne-Rosine DELBART: Resigned as Director
31-03-2022
Bob DELAFAILLE: Resigned as Director
31-03-2022
Brigitte DE PAUW: Resigned as Director
31-03-2022
Fabrice CUMPS: Resigned as Director
31-03-2022
Fatiha SAIDI: Resigned as Director
31-03-2022
Hervé DOYEN: Resigned as Director
31-03-2022
Hicham MARSO: Resigned as Director
31-03-2022
Michel LEMAIRE: Resigned as Director
31-03-2022
Myriam GISTELINCK: Resigned as Director
31-03-2022
Pascal FRESON: Resigned as Director
31-03-2022
PIQUET Yannick: Resigned as Director
31-03-2022
Sophie GREGOIRE: Resigned as Director
31-03-2022
Sébastien LEPOIVRE: Resigned as Director
31-03-2022
Valérie LIBERT: Resigned as Director
05-04-2019
Bob DELAFAILLE: Resigned as Director
05-04-2019
Fabrice CUMPS: Resigned as Director
05-04-2019
Valérie LIBERT: Resigned as Director
05-04-2019
Christine ROUFFIN: Resigned as Director
+ 15 not shown in this overview
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 2008
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.
Gulden-Vlieslaan 721060 Sint-Gillis (bij-Brussel)Ground area
2,258 m²
Building footprint
1,621 m²
Volume, LiDAR
27,227 m³
3 parcels, Brussels · tallest building 34.9 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Société du Logement de la Région bruxelles-capitale - Brusselse Gewestelijke Huisvestingsmaatschappij
since 20082.231.931.002
Société du Logement de la Région bruxelles-capitale - Brusselse Gewestelijke Huisvestingsmaatschappij
since 20082.231.931.297
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0020/00R003 | Brussels | 887 m² | - | - |
| 21013B0118/00T002 | Brussels | 752 m² | 1 · 705 m² | 34.9 m · 10 fl. |
| 21013B0020/00T003 | Brussels | 618 m² | 1 · 916 m² | 22.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| RSM INTERAUDITCurrent Commissaire · represented by Marie DELACROIX | 30-04-2026 → present |
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Public money · subsidies and aid
Federal government
2023 to 2025 · 6 entries · 12,504,166 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Mobiliteit | 1 | 2,461,548 EUR |
| 2025 | FOD Binnenlandse Zaken | 1 | 269,777 EUR |
| 2024 | FOD Mobiliteit | 1 | 6,796,481 EUR |
| 2024 | FOD Binnenlandse Zaken | 1 | 199,900 EUR |
| 2023 | FOD Mobiliteit | 1 | 2,604,072 EUR |
Show 1 more rows
| 2023 | FOD Binnenlandse Zaken | 1 | 172,388 EUR |
Budget allocations
Toelage aan de BGHM
Toelage ter bevordering van de tweetaligheid in de Brusselse instellingen
Recognitions · licences · registrations
Legal Entity Identifier
8945001ASVE67F85U351
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Of 204 companies in sector 68202 we hold annual accounts for 188. 30 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNaamloze vennootschap van publiek recht
Founded30-07-1985
Fiscal year end31-12
Activities, NACEBEL
68202Real estate activities
70202
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.