Woningfonds van het Brussels Hoofdstedelijk Gewest
ActiveWoningfonds van het Brussels Hoofdstedelijk Gewest has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302.54M and a net result of €4.16M. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 20% of 429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-5
Solvency39=
Growth55▼-9
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 14.67 against 14.15 in 2024; short-term debt: 6.3% and cash: 2% of total assets), but 85.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
14.2%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 429 sector peers (2025).
NBB · sector comparisonPosition among 429 sector peers
Solvency
better than 20%
← weakest
strongest →
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 04-05-2026, 88 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
88 d early
2024
77 d early
2023
96 d early
2022
68 d early
2021
41 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€48.37M▲ 80.2%
2024 · €26.85M
2018: €12.67M
2019: €49.27M
2020: €43.97M
2021: €63.82M
2022: €41.47M
2023: €39.53M
2024: €26.85M
2018 → 2025
EBIT margin
-23.3%▲ 7.5pp
2024 · -30.8%
2018: -89.0%
2019: -30.8%
2020: -28.3%
2021: -8.0%
2022: -19.1%
2023: -22.8%
2024: -30.8%
2018 → 2025
Net result
€4.16M▼ 57.2%
2024 · €9.71M
2018: €5.85M
2019: €5.80M
2020: €7.16M
2021: €13.79M
2022: €9.95M
2023: €10.31M
2024: €9.71M
2018 → 2025
Working capital
€1.82B▲ 0.7%
2024 · €1.81B
2018: €1.30B
2019: €1.30B
2020: €1.33B
2021: €1.40B
2022: €1.48B
2023: €1.67B
2024: €1.81B
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€63.82M-€41.47M▼ 35.0%€39.53M▼ 4.7%€26.85M▼ 32.1%€48.37M▲ 80.2%
Equity€311.68M-€306.81M▼ 1.6%€316.33M▲ 3.1%€304.65M▼ 3.7%€302.54M▼ 0.7%
Operating result€-5.10M-€-7.92M▼ 55.2%€-9.00M▼ 13.7%€-8.26M▲ 8.3%€-11.26M▼ 36.3%
Net result€13.79M-€9.95M▼ 27.9%€10.31M▲ 3.7%€9.71M▼ 5.8%€4.16M▼ 57.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11.26M in 2025 against €8.26M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.13B
Fixed assets
€174.39M▼ 4.2%
Current assets
€1.95B▲ 0.5%
Equity and liabilities €2.13B
Equity
€302.54M▼ 0.7%
Provisions
€16.11M▼ 3.9%
Debt
€1.81B▲ 0.2%
The debt ratio rises from 84.9% to 85.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2.56M▼
2024 · €-223k
Cash flow
€12.86M▼
2024 · €17.75M
Solvency
14.2%▼
2024 · 14.3%
Current ratio
14.67▲
2024 · 14.15
Quick ratio
13.73▲
2024 · 13.35
Debt / equity
5.98▲
2024 · 5.93
ROE
1.4%▼
2024 · 3.2%
ROA
0.2%▼
2024 · 0.5%
Interest coverage
-0.06▼
2024 · -0.01
Debt
€1.81B▲
2024 · €1.81B
Debt ≤ 1 year
€133.18M▼
2024 · €137.38M
Debt > 1 year
€1.60B▲
2024 · €1.59B
Income taxes
€223k▼
2024 · €484k
Staff costs
€14.62M▲
2024 · €14.35M
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€2.13B€2.13B▲
Fixed assets21/28€182.10M€174.39M▼
Intangible fixed assets21€492k€449k▼
Tangible fixed assets22/27€179.55M€173.94M▼
Land and buildings22€171.55M€166.82M▼
Furniture and vehicles24€320k€255k▼
Other tangible fixed assets26€3.13M€3.13M=
Assets under construction and advance payments27€4.55M€3.72M▼
Financial fixed assets28€2.06M€1k▼
Other financial fixed assets284/8€2.06M€1k▼
Shares284€6€6=
Amounts receivable and cash guarantees285/8€2.06M€1k▼
Current assets29/58€1.94B€1.95B▲
Amounts receivable after more than one year29€1.54B€1.57B▲
Trade receivables290€1.49B€1.53B▲
Other amounts receivable291€47.20M€46.20M▼
Stocks and contracts in progress3€110.03M€124.63M▲
Stocks30/36€110.03M€124.63M▲
Property held for sale35€110.03M€124.63M▲
Amounts receivable within one year40/41€68.21M€81.97M▲
Trade receivables40€65.76M€80.51M▲
Other amounts receivable41€2.45M€1.46M▼
Current investments50/53€125.00M€128.13M▲
Other investments51/53€125.00M€128.13M▲
Cash at bank and in hand54/58€98.97M€42.69M▼
Deferred charges and accrued income490/1€4.33M€3.77M▼
Equity and liabilities
Total equity and liabilities10/49€2.13B€2.13B▲
Equity10/15€304.65M€302.54M▼
Contributions10/11€2.50M€2.50M=
Reserves13€178.30M€182.47M▲
Non-distributable reserves130/1€178.30M€182.47M▲
Reserves not available under the articles1311€178.30M€182.47M▲
Profit (loss) carried forward14€0-
Investment grants15€123.85M€117.58M▼
Provisions and deferred taxes16€16.76M€16.11M▼
Provisions for liabilities and charges160/5€10.25M€9.93M▼
Pensions and similar obligations160€7.72M€7.25M▼
Major repairs and maintenance162€2.52M€1.96M▼
Other liabilities and charges164/5€14k€714k▲
Deferred taxes168€6.52M€6.19M▼
Amounts payable17/49€1.81B€1.81B▲
Amounts payable after more than one year17€1.59B€1.60B▲
Financial debts170/4€1.54B€1.55B▲
Unsubordinated bonds171€62.01M€48.04M▼
Credit institutions173€1.41B€1.43B▲
Other loans174€65.94M€62.62M▼
Other amounts payable178/9€57.67M€57.67M=
Amounts payable within one year42/48€137.38M€133.18M▼
Current portion of amounts payable after more than one year42€116.85M€121.19M▲
Trade debts44€17.80M€8.72M▼
Suppliers440/4€17.80M€8.72M▼
Taxes, remuneration and social security45€2.28M€2.67M▲
Taxes450/3€568k€1.04M▲
Remuneration and social security454/9€1.71M€1.62M▼
Other amounts payable47/48€456k€596k▲
Accrued charges and deferred income492/3€73.75M€73.48M▼
Income statement
Code20242025
Operating income70/76A€23.33M€23.44M▲
Turnover70€26.85M€48.37M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-9.35M€-32.86M▼
Other operating income74€5.84M€7.93M▲
Non-recurring operating income76A-€10k
Operating charges60/66A€31.59M€34.70M▲
Goods for resale, raw materials and consumables60€137k€118k▼
Purchases600/8€56.43M€47.58M▼
Change in stocks: decrease (increase)609€-56.30M€-47.46M▲
Services and other goods61€7.15M€7.45M▲
Remuneration, social security and pensions62€14.35M€14.62M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.03M€8.70M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€984k€494k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-934k€-321k▲
Other operating charges640/8€1.86M€2.06M▲
Non-recurring operating charges66A-€1.58M
Operating profit (loss)9901€-8.26M€-11.26M▼
Financial income75/76B€58.10M€57.68M▼
Recurring financial income75€58.10M€57.68M▼
Income from current assets751€8.28M€4.42M▼
Other financial income752/9€49.83M€53.26M▲
Financial charges65/66B€40.77M€42.37M▲
Recurring financial charges65€40.77M€42.37M▲
Debt charges650€40.65M€42.25M▲
Other financial charges652/9€126k€115k▼
Profit (loss) for the period before taxes9903€9.07M€4.05M▼
Transfer from deferred taxes780€1.33M€893k▼
Transfer to deferred taxes680€205k€563k▲
Income taxes67/77€484k€223k▼
Taxes670/3€485k€223k▼
Tax adjustments and reversals of tax provisions77€542-
Profit (loss) for the period9904€9.71M€4.16M▼
Profit (loss) for the period to be appropriated9905€9.71M€4.16M▼
Appropriation of the result
Profit (loss) to be appropriated9906€9.71M€4.16M▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€4.28M
From reserves792-€4.28M
Transfer to equity691/2€9.71M€8.44M▼
To other reserves6921€9.71M€8.44M▼
Social balance
Average headcount (FTE)9087162.0161.0▼
The notes to these accounts (87 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
28-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
- General meeting, 30/04/2026
- Director resignation, Michel LEMAIRE (administrateur)
- Director resignation, Martine VAN COEVORDEN (administrateur)
- Director appointment, Frédéric CAMBERLIN (administrateur)
- Director appointment, Maxime FONTAINE (administrateur)
- Director resignation, Grégory RASE (administrateur)
- Auditor appointment, Callens, Vandelanotte & Theunissen (réviseur d'entreprise)
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
31-12
Financial
Weakest financial yearnet €4.16M ▼57.2%
Net result drops to €4.16M, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Highest result since 2018net €13.79M ▲92.6%
Operating result €-5.10M, net result €13.79M, both a record.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2026
Frédéric CAMBERLIN
CurrentDirector · since 30-04-2026
Maxime FONTAINE
CurrentDirector · since 30-04-2026
04-05-2026
Martine VAN COEVORDEN: Resigned as Director
30-04-2026
Frédéric CAMBERLIN: Appointed as Director
30-04-2026
Maxime FONTAINE: Appointed as Director
30-04-2026
Michel LEMAIRE: Resigned as Director
01-01-2026
Grégory RASE: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1985
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.
Zomerstraat 731050 ElseneGround area
2,290 m²
Building footprint
759 m²
Volume, LiDAR
14,118 m³
Parcel 21445C0272/00N005, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Zomerstraat 73, 1050 Elsene
since 19852.027.444.213
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0272/00N005 | Brussels | 2,290 m² | 1 · 759 m² | 22.6 m · 6 fl. |
Linked by address, not proof of ownership
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.
Statutory auditor
1 auditor| Callens, Vandelanotte & TheunissenCurrent Réviseur d'entreprise | 28-07-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
5493004MVMGNUEDV3X88
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded19-04-1985
Fiscal year end31-12
Legal name FR
FONDS DU LOGEMENT DE LA REGION DE BRUXELLES-CAPITALE
Activities, NACEBEL
64922Financial service activities, except insurance and pension funding
65222
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 52 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.fonds.brussels