Checked.be
Inactive
BE 0772.641.721Private limited companyOpen bankruptcy
Brussels Global Review
Visvijverstraat 68B ·1050 Elsene, Belgium
Sector: Other support activities for arts and performing arts
(90399)
Conclusion
A bankruptcy procedure is open for Brussels Global Review according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €31k and a net result of €16k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €31k |
| Net result | €16k |
| Better than sector | 38% |
| Locations | 1 |
Financial profile
54
/ 100
Mixed profile: strong on profitability, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
24
Profitability
100
Solvency
67
Growth
78
Stability
0
Bankruptcy probability (12 mo)
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
50 / 100
High riskRegister: open bankruptcyThis 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.
Components
· Open bankruptcy (+50)
Trust 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.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
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.
Checked score
24
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
20
2021
100
2022
100
2023
94
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.53 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.53 (≥ 1.0)
+5
Leverage
Debt/equity 1.86 (< 2.0)
+3
Profitability
ROE 52% (≥ 10%)
+10
Interest coverage
Interest coverage 18.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-08-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 90, Arts creation and performing arts activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.0% | 49.2% | |
| Net result | €16k | €6k | |
| Equity | €31k | €45k | |
| Gross operating margin | €21k | €24k | |
| Total assets | €88k | €111k |
€34k
-
21-24
€20k
+45.0%
21-24
€16k
+53.4%
21-24
€16k
+51.5%
21-24
€88k
+232.4%
21-24
€31k
+108.0%
21-24
€30k
+115.6%
21-24
€5k
+73.3%
21-24
€57k
+390.0%
21-24
€57k
+390.0%
21-24
1.53
-30.7%
21-24
1.53
-30.7%
21-24
35.0%
-37.4%
21-24
1.86
+135.6%
21-24
51.9%
-26.3%
21-24
18.2%
-53.9%
21-24
23.2%
-
21-24
27.0%
-
21-24
18.63
+91.5%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | €34k | - |
| EBITDA | €20k | €14k | €9k | - |
| Net profit | €16k | €10k | €8k | €-6k |
| Cash flow | €16k | €11k | €8k | - |
| Staff costs | - | - | - | - |
| Income taxes | €5k | €3k | €341 | - |
| Dividends | - | - | - | - |
| Total assets | €88k | €26k | €9k | €2k |
| Equity | €31k | €15k | €4k | €-3k |
| Debt | €57k | €12k | €4k | €6k |
| of which ≤ 1y | €57k | €12k | €4k | €6k |
| of which > 1y | - | - | - | - |
| Working capital | €30k | €14k | €3k | €-3k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.53 | 2.21 | 1.78 | 0.40 |
| Quick ratio | 1.53 | 2.21 | 1.78 | 0.40 |
| Working capital ratio | 34.6% | 53.4% | 38.6% | -152.5% |
| Solvency | 35.0% | 55.9% | 50.4% | -152.5% |
| Debt / equity | 1.86 | 0.79 | 0.98 | -1.66 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 18.63 | 9.73 | 11.05 | - |
| Gross margin | - | - | 27.0% | - |
| Net margin | - | - | 23.2% | - |
| ROA | 18.2% | 39.3% | 90.7% | -283.4% |
| ROE | 51.9% | 70.4% | 180.0% | 185.9% |
| EBITDA margin | - | - | 27.0% | - |
| Days sales outstanding | - | - | 6d | - |
| Days payable outstanding | - | - | 10d | 84d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €88k | €26k | €9k | €2k |
| Fixed assets | 21/28 | €274 | €646 | €1k | - |
| Tangible fixed assets | 22/27 | €274 | €646 | €1k | - |
| Current assets | 29/58 | €87k | €26k | €8k | €2k |
| Amounts receivable within one year | 40/41 | €80k | €20k | €516 | - |
| Cash & bank | 54/58 | €7k | €6k | €7k | €2k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €88k | €26k | €9k | €2k |
| Equity | 10/15 | €31k | €15k | €4k | €-3k |
| Contributions / capital | 10/11 | €3k | €3k | €3k | €3k |
| Accumulated profits (losses) | 14 | €28k | €12k | €1k | €-6k |
| Amounts payable | 17/49 | €57k | €12k | €4k | €6k |
| Amounts payable within one year | 42/48 | €57k | €12k | €4k | €6k |
| Trade debts payable within one year | 44 | €45k | €690 | €676 | €1k |
| Income statement | |||||
| Turnover | 70 | - | - | €34k | - |
| Gross operating margin | 9900 | €21k | €16k | €9k | €-6k |
| Operating result | 9901 | €20k | €14k | €9k | €-6k |
| Financial income | 75 | €2k | €823 | - | - |
| Financial charges | 65 | €1k | €1k | €826 | €0 |
| Result before taxes | 9903 | €20k | €13k | €8k | €-6k |
| Income taxes | 67/77 | €5k | €3k | €341 | - |
| Net result for the period | 9904 | €16k | €10k | €8k | €-6k |
| Result to be appropriated | 9905 | €16k | €10k | €8k | €-6k |
Directors & mandates
Former directors (1)
-
FDirectorState Gazette act 25149227 (25-11-2025)Former- → 07-12-2023
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BAUDOUX RUE DE
CLAIRVAUX 40/202, 1348 LOUVAIN-LA-NEUVE- |
08-06-2026 → present |
Legal Structure
| NACE primary | Other support activities for arts and performing arts(90399) |
| Legal form | Private limited company(610) |
| Incorporation | 18-08-2021 |
| Status | Inactive |
| Postal code | 1050 |
| First insolvency signal | 28-08-2026 |
| Latest insolvency signal | 28-08-2026 |
Establishment units
Visvijverstraat 68, 1050 Elsene
since 20212.325.486.116
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0099/00G004 | Brussels | 94 m² | 1 · 94 m² | 13.3 m · 3 fl. |
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.
Updates
2026
28-08
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL BRUSSELS GLOBAL REVIEW RUE DU VIVIER 68B, 1050 IXELLES · event 08-06-2026
2025
25-11
State Gazette act
Director changes
v3.2
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Highest result since 2021net €16k ▲53.4%
Operating result €20k, net result €16k, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 134 days late
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 499 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.78
Current ratio from 0.40 to 1.78; short-term debt falls from €6k to €4k.
2021
20-08
State Gazette act
Incorporation
oprichting
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
28-08-2026
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 2
updated 9 months ago
2025
25-11-2025 F resigns as director
- F, Bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "F",
"address": null,
"birth_date": null
},
"effective_date": "2023-12-07",
"evidence_quote": "D\u0027accepter la d\u00E9mission de, Monsieur F avec effet au 7 Tjeerd, de ses fonctions d\u0027administrateur de la soci\u00E9t\u00E9."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0772.641.721",
"name_full": "BRUSSELS GLOBAL REVIEW",
"legal_form": "SRL"
}
}2021
20-08-2021 Incorporation of a new SRL
Summary:
oprichting
Technical details
{
"kind": "oprichting",
"seat": "1050 Ixelles, Rue du Vivier 68B",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "BOUALAM Soundous",
"niss": null,
"address": "1050 Ixelles, Rue du Vivier 68B"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2000,
"holder_person_name": "BOUALAM Soundous",
"is_subscriber_only": false,
"n_shares_subscribed": 200,
"amount_subscribed_eur": 2000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": null,
"name": "RITMEESTER Tjeerd",
"niss": null,
"address": "5611 CR Eindhoven, Tramstraat 50 (Pays-Bas)"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 1000,
"holder_person_name": "RITMEESTER Tjeerd",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 1000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 3000,
"subject_company": {
"kbo": "0772.641.721",
"name_full": "Brussels Global Review",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-08-17",
"post_incorporation_mandates": []
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Arts creation and performing arts activities90029Other support activities for arts and performing arts90399
Names & trade names
| Legal nameFR | Brussels Global Review |
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