AKRA
ActiveSummary
AKRA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €-164k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-4
Solvency89▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 4.09; short-term debt: 13.3% and cash: 0.3% of total assets), and 35.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
64.3%
Return on assets
-7.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-164k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
17 d early
2024
16 d early
2023
41 d early
2022
81 d early
2021
48 d early
2020
61 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.43M▼ 10.2%
2024 · €1.60M
2018: €1.77M
2019: €1.82M▲ +3.1% vs 2018highest in 8 years
2020: €1.75M▼ -4.1% vs 2019
2021: €1.58M▼ -9.7% vs 2020
2022: €1.45M▼ -7.9% vs 2021
2023: €1.69M▲ +16.3% vs 2022
2024: €1.60M▼ -5.6% vs 2023
2025: €1.43M▼ -10.2% vs 2024lowest in 8 years
2018 → 2025
Total assets
€2.23M▼ 9.2%
2024 · €2.45M
2018: €6.69Mhighest in 8 years
2019: €4.71M▼ -29.6% vs 2018
2020: €3.67M▼ -22.1% vs 2019
2021: €4.43M▲ +20.8% vs 2020
2022: €3.62M▼ -18.3% vs 2021
2023: €3.56M▼ -1.8% vs 2022
2024: €2.45M▼ -31.0% vs 2023
2025: €2.23M▼ -9.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-164k▼ 72.1%
2024 · €-95k
2018: €-935klowest in 8 years
2019: €54k▲ +106% vs 2018highest in 8 years
2020: €-76k▼ -239% vs 2019
2021: €-171k▼ -126% vs 2020
2022: €-124k▲ +27.2% vs 2021
2023: €-73k▲ +41.5% vs 2022
2024: €-95k▼ -30.9% vs 2023
2025: €-164k▼ -72.1% vs 2024
2018 → 2025
Working capital
€914k▼ 33.2%
2024 · €1.37M
2018: €2.94Mhighest in 8 years
2019: €2.24M▼ -23.9% vs 2018
2020: €1.91M▼ -14.6% vs 2019
2021: €1.38M▼ -27.6% vs 2020
2022: €1.35M▼ -2.2% vs 2021
2023: €1.57M▲ +15.8% vs 2022
2024: €1.37M▼ -12.9% vs 2023
2025: €914k▼ -33.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.45M▼ 7.9%€1.69M▲ 16.3%€1.60M▼ 5.6%€1.43M▼ 10.2%
2021: €1.58M
2022: €1.45M▼ -7.9% vs 2021
2023: €1.69M▲ +16.3% vs 2022highest in 5 years
2024: €1.60M▼ -5.6% vs 2023
2025: €1.43M▼ -10.2% vs 2024lowest in 5 years
Operating result€-213k-€-130k▲ 39.1%€-32k▲ 75.3%€-119k▼ 273%€-148k▼ 24.2%
2021: €-213klowest in 5 years
2022: €-130k▲ +39.1% vs 2021
2023: €-32k▲ +75.3% vs 2022highest in 5 years
2024: €-119k▼ -273% vs 2023
2025: €-148k▼ -24.2% vs 2024
Net result€-171k-€-124k▲ 27.2%€-73k▲ 41.5%€-95k▼ 30.9%€-164k▼ 72.1%
2021: €-171klowest in 5 years
2022: €-124k▲ +27.2% vs 2021
2023: €-73k▲ +41.5% vs 2022highest in 5 years
2024: €-95k▼ -30.9% vs 2023
2025: €-164k▼ -72.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €148k in 2025 against €119k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.23M
Fixed assets
€1.02M ▼ 5.9%
Current assets
€1.21M ▼ 11.8%
Equity and liabilities €2.23M
Equity
€1.43M ▼ 10.2%
Debt
€795k ▼ 7.3%
Debt's share of the balance-sheet total rises from 34.9% to 35.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-75k▼
2024 · €-49k
Cash flow
€-90k▼
2024 · €-24k
Current ratio
4.09
Quick ratio
0.22▼
2024 · 74.20
Debt to equity
0.55▲
2024 · 0.54
ROE
-11.4%▼
2024 · -6.0%
ROA
-7.3%▼
2024 · -3.9%
Interest coverage
-4.65▼
2024 · -1.43
Debt ≤ 1 year
€295k▲
2024 · €3k
Debt > 1 year
€500k▼
2024 · €850k
Income taxes
€1k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.45M€2.23M▼
Fixed assets21/28€1.08M€1.02M▼
Tangible fixed assets22/27€876k€812k▼
Land and buildings22€793k€748k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24€83k€60k▼
Financial fixed assets28€208k€208k=
Current assets29/58€1.37M€1.21M▼
Stocks and contracts in progress3€1.14M€1.15M▲
Stocks30/36€1.14M€1.15M▲
Amounts receivable within one year40/41€210k€55k▼
Trade receivables40€105€0▼
Other amounts receivable41€210k€55k▼
Current investments50/53€0-
Cash at bank and in hand54/58€10k€6k▼
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.45M€2.23M▼
Equity10/15€1.60M€1.43M▼
Contributions10/11€3.05M€3.05M=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-1.46M€-1.62M▼
Amounts payable17/49€858k€795k▼
Amounts payable after more than one year17€850k€500k▼
Financial debts170/4€850k€500k▼
Amounts payable within one year42/48€3k€295k▲
Trade debts44€375€12k▲
Suppliers440/4€375€12k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€0€281k▲
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€74k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€-41k€-67k▼
Operating profit (loss)9901€-119k€-148k▼
Financial income75/76B€60k€2k▼
Recurring financial income75€60k€2k▼
Financial charges65/66B€34k€16k▼
Recurring financial charges65€34k€16k▼
Profit (loss) for the period before taxes9903€-94k€-162k▼
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€-95k€-164k▼
Profit (loss) for the period to be appropriated9905€-95k€-164k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.46M€-1.62M▼
Profit (loss) brought forward from the previous period14P€-1.36M€-1.46M▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €8k | €769 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66k | €71k | €78k | €71k | €74k | ▲ 4.1% |
| Other operating charges640/8 | €10k | €8k | €27k | €7k | €7k | ▲ 3.6% |
| Non-recurring operating charges66A | €10k | €0 | - | - | - | - |
| Gross operating margin9900 | €-120k | €-50k | €73k | €-41k | €-67k | ▼ 62.1% |
| Operating profit (loss)9901 | €-213k | €-130k | €-32k | €-119k | €-148k | ▼ 24.2% |
| Financial income75/76B | €74k | €50k | €57k | €60k | €2k | ▼ 96.6% |
| Recurring financial income75 | €74k | €50k | €57k | €60k | €2k | ▼ 96.6% |
| Financial charges65/66B | €30k | €43k | €96k | €34k | €16k | ▼ 52.7% |
| Recurring financial charges65 | €30k | €43k | €96k | €34k | €16k | ▼ 52.7% |
| Profit (loss) for the period before taxes9903 | €-169k | €-123k | €-70k | €-94k | €-162k | ▼ 73.0% |
| Income taxes67/77 | €1k | €1k | €2k | €1k | €1k | ▲ 1.0% |
| Profit (loss) for the period9904 | €-171k | €-124k | €-73k | €-95k | €-164k | ▼ 72.1% |
| Profit (loss) for the period to be appropriated9905 | €-171k | €-124k | €-73k | €-95k | €-164k | ▼ 72.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.43M | €3.62M | €3.56M | €2.45M | €2.23M | ▼ 9.2% |
| Fixed assets21/28 | €1.19M | €1.10M | €1.12M | €1.08M | €1.02M | ▼ 5.9% |
| Tangible fixed assets22/27 | €986k | €892k | €915k | €876k | €812k | ▼ 7.3% |
| Land and buildings22 | €879k | €848k | €810k | €793k | €748k | ▼ 5.6% |
| Plant, machinery and equipment23 | €2k | - | - | - | €4k | - |
| Furniture and vehicles24 | €71k | €44k | €105k | €83k | €60k | ▼ 28.5% |
| Other tangible fixed assets26 | €34k | €0 | - | - | - | - |
| Financial fixed assets28 | €208k | €208k | €208k | €208k | €208k | = |
| Current assets29/58 | €3.24M | €2.52M | €2.43M | €1.37M | €1.21M | ▼ 11.8% |
| Stocks and contracts in progress3 | €1.49M | €1.14M | €1.14M | €1.14M | €1.15M | ▲ 0.2% |
| Stocks30/36 | €1.49M | €1.14M | €1.14M | €1.14M | €1.15M | ▲ 0.2% |
| Amounts receivable within one year40/41 | €1.17M | €1.30M | €87k | €210k | €55k | ▼ 73.6% |
| Trade receivables40 | €54k | €466 | €30k | €105 | €0 | ▼ 100% |
| Other amounts receivable41 | €1.11M | €1.29M | €57k | €210k | €55k | ▼ 73.6% |
| Current investments50/53 | - | - | €800k | €0 | - | - |
| Cash at bank and in hand54/58 | €538k | €34k | €352k | €10k | €6k | ▼ 40.7% |
| Deferred charges and accrued income490/1 | €46k | €50k | €52k | €8k | €2k | ▼ 68.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.43M | €3.62M | €3.56M | €2.45M | €2.23M | ▼ 9.2% |
| Equity10/15 | €1.58M | €1.45M | €1.69M | €1.60M | €1.43M | ▼ 10.2% |
| Contributions10/11 | €3.00M | €3.00M | €3.05M | €3.05M | €3.05M | = |
| Reserves13 | - | - | €5k | €5k | €5k | = |
| Distributable reserves133 | - | - | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-1.42M | €-1.55M | €-1.36M | €-1.46M | €-1.62M | ▼ 11.2% |
| Amounts payable17/49 | €2.85M | €2.17M | €1.86M | €858k | €795k | ▼ 7.3% |
| Amounts payable after more than one year17 | €1.00M | €1.00M | €1.00M | €850k | €500k | ▼ 41.2% |
| Financial debts170/4 | €1.00M | €1.00M | €1.00M | €850k | €500k | ▼ 41.2% |
| Amounts payable within one year42/48 | €1.85M | €1.17M | €865k | €3k | €295k | ▲ 9,515% |
| Trade debts44 | €8k | €180 | €37k | €375 | €12k | ▲ 3,023% |
| Suppliers440/4 | €8k | €180 | €37k | €375 | €12k | ▲ 3,023% |
| Advances received on contracts in progress46 | €15k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €1k | €5k | €2k | €3k | €3k | ▲ 1.0% |
| Taxes450/3 | €1k | €1k | €2k | €3k | €3k | ▲ 1.0% |
| Remuneration and social security454/9 | €0 | €4k | €0 | - | - | - |
| Other amounts payable47/48 | €1.83M | €1.16M | €826k | €0 | €281k | - |
| Accrued charges and deferred income492/3 | €0 | - | - | €5k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-171k | €-124k | €-73k | €-95k | €-164k | ▼ 72.1% |
| + Depreciation and write-downs630 | €66k | €71k | €78k | €71k | €74k | ▲ 4.1% |
| Operating cash flow (approximation) | €-105k | €-53k | €5k | €-24k | €-90k | ▼ 270% |
| Investment in fixed assets (approximation) | - | €23k | €-101k | €-32k | €-9k | ▲ 71.0% |
| Change in cash | - | €-505k | €319k | €-342k | €-4k | ▲ 98.8% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 158current ratio 446.16
Current ratio from 2.82 to 446.16; short-term debt falls from €865k to €3k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brugge · 2 establishment units since 2016
Ground area
3,111 m²
Building footprint
556 m²
Volume, LiDAR
2,880 m³
2 parcels, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
AKRA
since 20162.259.395.462
Abdijbekestraat 10, 8200 Brugge
since 20262.391.590.923
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0644/00N003 | Flanders | 2,462 m² | 1 · 381 m² | 15.6 m · 2 fl. |
| 31027D0420/00G004 | Flanders | 649 m² | 1 · 175 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,447 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
Founded20-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.