Active BE 0871.894.495Public limited company

Brussels Concepts

Schrijnwerkersstraat 2 ·8000 Brugge, Belgium· 21 yrs active

Sector: Bemiddeling in verband met exploitatie van en handel in onroerend goed (68310)

Conclusion Checked

The KBO register records legal situation 050 for Brussels Concepts (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show negative equity (€-289k) and a net result of €-356k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-289k
Net result	€-356k
Better than sector	5%
Active	21 yrs

Financial profile 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 0

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2020 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 01-02-2021 with the NBB · fiscal year 2020 · micro

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-477.4%	27.9%	better than 5% of 906 sector peers
Net result	€-194k	€1k	better than 5% of 905 sector peers
Equity	€-289k	€65k	better than 5% of 906 sector peers
Gross operating margin	€-177k	€31k	better than 5% of 905 sector peers
Total assets	€60k	€413k	better than 15% of 906 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-88k

- 19-20

Net profit

€-356k

-119.9% 19-20

Cash flow

€-159k

- 19-20

Total assets

€60k

-78.5% 19-20

Equity

€-289k

-205.8% 19-20

Working capital

€-289k

-229.3% 19-20

Debt

€349k

-4.5% 19-20

Debt ≤ 1y

€349k

-4.5% 19-20

Show 5 other metrics

Current ratio

0.17

-77.2% 19-20

Quick ratio

0.17

-77.2% 19-20

Solvency

-477.4%

-1322.3% 19-20

ROE

123.4%

-28.1% 19-20

ROA

-589.3%

-922.8% 19-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-356k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€60k
Equity	€-289k
Debt	€349k
of which ≤ 1y	€349k
of which > 1y	-
Working capital	€-289k
Employees (FTE)	-

Ratios (computed)

	2020
Current ratio	0.17
Quick ratio	0.17
Working capital ratio	-477.4%
Solvency	-477.4%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-589.3%
ROE	123.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€60k
Current assets	29/58	€60k
Amounts receivable within one year	40/41	€59k
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€60k
Equity	10/15	€-289k
Contributions / capital	10/11	€62k
Reserves	13	€6k
Accumulated profits (losses)	14	€-356k
Amounts payable	17/49	€349k
Amounts payable within one year	42/48	€349k
Trade debts payable within one year	44	€335k
Income statement
Gross operating margin	9900	€-177k
Operating result	9901	€-175k
Financial income	75	€102
Financial charges	65	€20k
Result before taxes	9903	€-194k
Net result for the period	9904	€-194k
Result to be appropriated	9905	€-194k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Bemiddeling in verband met exploitatie van en handel in onroerend goed(68310)
Legal form	Public limited company(014)
Incorporation	15-02-2005
Status	Active
Postal code	8000

Establishment units 1 location

BR. Construct

Schrijnwerkersstraat 2, 8000 Bruggeprojectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken

since 20052.145.938.423

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31806F0560/00K000	Flanders	10 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2021

01-02-2021