Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Secured By Bricks from Blankenberge, company number BE0502780494, closed financial year 2025 with a result of € -311,504 after tax. For that financial year Secured By Bricks recorded a gross margin of € -79,493 and equity of € -367,060. Compared with financial year 2024, the result moved from € -414,256 to € -311,504. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ -367,060
▼ € 311,504 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -311,504
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 252,826
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
4
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 226,690
▲ 2% vs 2024
€ 56,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 165,205
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,344
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -32,772 | € -7,506 | € -167,291 | € -79,493 | ▲ € 87,798 |
| Profit after taxes | € -84,229 | € -248,460 | € -414,256 | € -311,504 | ▲ € 102,752 |
| Equity | € -304,315 | € -552,775 | € -55,556 | € -367,060 | ▼ € 311,504 |
| Total debts | € 506,158 | € 886,674 | € 503,598 | € 723,648 | ▲ 44% |
| Cash | € 118,268 | € 183,241 | € 274,058 | € 252,826 | ▼ 8% |
| Retained profit | € -402,815 | € -651,275 | € -1,065,531 | € -1,377,035 | ▼ € 311,504 |
| Balance sheet total | € 201,843 | € 333,900 | € 448,042 | € 356,588 | ▼ 20% |
| Employees (FTE) | - | 4.5 | 4.6 | 4 | ▼ 0.6 |
Key figures of Secured By Bricks, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Secured By Bricks?
What happened at Secured By Bricks in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- KaRo Invest stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 311,504. Source: NBB ↗
- KaRo Invest became a director. NBB
- Alysee Projectontwikkeling BV became a director. NBB
- Las Brisas NV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,229 loss in 2022 to € 311,504 loss in 2025.
Paid € 2,735 in corporate taxes since 2022.
Management
The stake of Las Brisas comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Secured By BricksBehind Secured By Bricks are Las Brisas NV and Alysee Projectontwikkeling BV. The shares are held by Las Brisas (99.9%).
Directors
According to the 2025 annual accounts
Director · represented by Joachim Debucquoy
Also active at: JOYCE INVEST, Bricks & Support, OSTEND DEVELOPMENT COMPANY, BLANKENBERGE DEVELOPMENT COMPANY, BRUSSELS DEVELOPMENT COMPANY, EXCELSIOR IC, Belgian Coast Hotels, Alysee Projectontwikkeling +2 more
since 2020
Director · represented by Aline Verbeke
Also active at: JOYCE INVEST, OSTEND DEVELOPMENT COMPANY, BLANKENBERGE DEVELOPMENT COMPANY
since 2022
Director · represented by Roelstraete Karl
since 2022 · until 2028
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
de Smet de Naeyerlaan 155
8370 Blankenberge
Wittenonnenstraat 4
8400 Oostende
Active since 22 January 2013
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
erfpachtmakelaar.com
Registered
2012-10-04
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-10-04
Website info
Features
Security
Details
- Company number
- 0502.780.494
- VAT number
- BE 0502.780.494
- Registered office
- de Smet de Naeyerlaan 155, 8370 Blankenberge
- Names & denominations
- Secured By Bricks · SBB
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2013
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- erfpachtmakelaar.com
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van syndici van onroerend goed
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis