BROUCKERE TOWER INVEST
ActiveSummary
BROUCKERE TOWER INVEST has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.87M and a net result of €-3.67M. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+3
Solvency37▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity ample (current ratio 6.27 against 0.19 in 2024; short-term debt: 2.2% and cash: 1.6% of total assets), but 88.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
11.9%
Return on assets
-2%
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 €-3.67M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
14 d early
2023
70 d early
2022
23 d late
2021
64 d late
2020
80 d late
2019
65 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€967k
EBIT margin
-123.9%
Net result
€-3.67M▲ 30.3%
2024 · €-5.27M
2018: €-6.18M
2019: €-8.29M
2020: €-1.20M
2021: €-1.24M
2022: €-246k
2023: €-3.60M
2024: €-5.27M
2018 → 2025
Working capital
€21.16M
2024 · €-117.00M
2018: €1.87M
2019: €-2.03M
2020: €-74.27M
2021: €4.75M
2022: €22.76M
2023: €26.27M
2024: €-117.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9.51M-€11.76M▲ 23.7%€30.81M▲ 162%€25.54M▼ 17.1%€21.87M▼ 14.4%
Operating result€-1.23M-€2.49M€4.81M▲ 92.9%€3.47M▼ 27.8%€4.05M▲ 16.8%
Net result€-1.24M-€-246k▲ 80.1%€-3.60M▼ 1,365%€-5.27M▼ 46.3%€-3.67M▲ 30.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183.39M
Fixed assets
€158.22M ▼ 1.4%
Current assets
€25.17M ▼ 7.6%
Equity and liabilities €183.39M
Equity
€21.87M ▼ 14.4%
Debt
€161.52M ▼ 0.4%
Debt's share of the balance-sheet total rises from 86.4% to 88.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9.21M▲
2024 · €8.65M
Cash flow
€1.48M▲
2024 · €-90k
Current ratio
6.27▲
2024 · 0.19
Debt to equity
7.39▲
2024 · 6.35
ROE
-16.8%▲
2024 · -20.6%
ROA
-2.0%▲
2024 · -2.8%
Interest coverage
1.19▲
2024 · 0.99
Debt ≤ 1 year
€4.01M▼
2024 · €144.22M
Debt > 1 year
€154.62M▲
2024 · €15.17M
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€187.74M€183.39M▼
Fixed assets21/28€160.51M€158.22M▼
Tangible fixed assets22/27€159.91M€155.22M▼
Land and buildings22€158.23M€153.68M▼
Other tangible fixed assets26€1.68M€1.54M▼
Financial fixed assets28€600k€3.00M▲
Current assets29/58€27.23M€25.17M▼
Amounts receivable within one year40/41€3.73M€1.55M▼
Trade receivables40€3.73M€1.55M▼
Cash at bank and in hand54/58€427k€2.85M▲
Deferred charges and accrued income490/1€23.07M€20.78M▼
Equity and liabilities
Total equity and liabilities10/49€187.74M€183.39M▼
Equity10/15€25.54M€21.87M▼
Contributions10/11€73.81M€73.81M=
Capital10€73.81M€73.81M=
Issued capital100€73.81M€73.81M=
Profit (loss) carried forward14€-48.27M€-51.94M▼
Amounts payable17/49€162.20M€161.52M▼
Amounts payable after more than one year17€15.17M€154.62M▲
Financial debts170/4€15.17M€154.62M▲
Amounts payable within one year42/48€144.22M€4.01M▼
Current portion of amounts payable after more than one year42€142.75M€3.04M▼
Trade debts44€1.20M€600k▼
Suppliers440/4€1.20M€600k▼
Taxes, remuneration and social security45€279k€376k▲
Taxes450/3€279k€376k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2.80M€2.88M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.18M€5.16M▼
Other operating charges640/8€5.05M€4.18M▼
Gross operating margin9900€13.70M€13.39M▼
Operating profit (loss)9901€3.47M€4.05M▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€8.74M€7.73M▼
Recurring financial charges65€8.74M€7.73M▼
Profit (loss) for the period before taxes9903€-5.27M€-3.67M▲
Profit (loss) for the period9904€-5.27M€-3.67M▲
Profit (loss) for the period to be appropriated9905€-5.27M€-3.67M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48.27M€-51.94M▼
Profit (loss) brought forward from the previous period14P€-43.00M€-48.27M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (18 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
14-09
State Gazette act
Reappointment: KPMG Réviseurs d'Entreprises BV/SRL (statutory auditor)Permanent representatives: Jonas Nachtergaele and Olivier THIEL · Resignation: Adel Yahia Consult SRL (director) · Appointment: Queen-K BV (director)9 facts ▸
State Gazette act
Reappointment: KPMG Réviseurs d'Entreprises BV/SRL (statutory auditor)
Permanent representatives: Jonas Nachtergaele and Olivier THIEL · Resignation: Adel Yahia Consult SRL (director) · Appointment: Queen-K BV (director)9 facts ▸
- General meeting, 24-06-2026
- Auditor reappointment, KPMG Réviseurs d'Entreprises BV/SRL (statutory auditor)
- Permanent representative, Jonas Nachtergaele (permanent representative)
- Director resignation, Adel Yahia Consult SRL (director)
- Director discharge, Adel Yahia Consult SRL
- Director appointment, Queen-K BV (director)
- Permanent representative, Olivier THIEL (permanent representative)
- Power of attorney, Carmen THEUNIS
- Power of attorney, Hanane MEJDOUBI
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
31-12
Financial
Liquidity times 33current ratio 6.27
Current ratio from 0.19 to 6.27; short-term debt falls from €144.22M to €4.01M.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €25MEq €30.81M ▲162%
Equity rises from €11.76M to €30.81M.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
31-12
Financial
Liquidity times 5current ratio 7.97
Current ratio from 1.51 to 7.97; short-term debt falls from €9.30M to €3.26M.
31-12
Financial
Equity above €10MEq €11.76M ▲23.7%
Equity rises from €9.51M to €11.76M.
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 64 days late
2021
31-12
Financial
Liquidity times 20current ratio 1.51
Current ratio from 0.08 to 1.51; short-term debt falls from €80.51M to €9.30M.
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 80 days late
Show earlier events
2020
31-12
Financial
Equity above €5MEq €7.44M
Equity rises from €-21.60M to €7.44M.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-8.29M
Net result drops to €-8.29M, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
QUEEN-K
CurrentDirector · since 14-09-2026 · Private limited company · perm. rep.: Olivier THIEL
14-09-2026
QUEEN-K: Appointed as Director
14-09-2026
ADEL YAHIA CONSULT: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2005
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.
Anspachlaan 11000 BrusselGround area
6,482 m²
Building footprint
4,827 m²
Volume, LiDAR
188,668 m³
Parcel 21812N1468/00B000, Brussels · tallest building 74.9 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
BROUCKERE TOWER INVEST
since 20052.148.347.783
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1468/00B000 | Brussels | 6,482 m² | 1 · 4,827 m² | 74.9 m · 8 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| KPMG Réviseurs d'Entreprises BV/SRLCurrent Statutory auditor · represented by Frederic Poesen | 14-09-2026 → present |
Structure & network
Connections & network
7 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 3 more companies with a shared director
Shared corporate director
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Shared corporate director
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Shared corporate director
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Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
controls
BROUCKERE TOWER INVESTBE 0874.491.622
Recognitions · licences · registrations
Legal Entity Identifier
69940050XMSU4VQYZX20
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 688 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.