B.L.S. · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of B.L.S. is 0.7% (low). The 2024 annual accounts show equity of €569k and a net result of €105k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 103 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	13-06-2025	48 d early	2025-00135878
31-12-2023	31-07-2024	14-06-2024	47 d early	2024-00129357
31-12-2022	31-07-2023	23-06-2023	38 d early	2023-00151297
31-12-2021	31-07-2022	29-07-2022	2 d early	2022-20244373
31-12-2020	31-07-2021	30-07-2021	1 d early	2021-42700346
31-12-2019	31-07-2020	31-08-2020	31 d late	2020-46900232
31-12-2018	31-07-2019	14-08-2019	14 d late	2019-46000595
31-12-2017	31-07-2018	27-06-2018	34 d early	2018-23000127
31-12-2016	31-07-2017	21-07-2017	10 d early	2017-33800154
31-12-2015	31-07-2016	28-06-2016	33 d early	2016-21900087

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.7% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€105k+75.9%

Working capital€144k+98.8%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 13-06-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~11.9%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 52 · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	34.8%	27.0%	better than 57% of 103 sector peers
Net result	€105k	€32k	better than 61% of 103 sector peers
Equity	€569k	€396k	better than 55% of 103 sector peers
Gross operating margin	€336k	€226k	better than 59% of 56 sector peers
Staff costs	€46k	€672k	higher than 14% of 72 sector peers

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

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P57

Improving position over 2020-2024 · n=51-103

Net result P61

Improving position over 2020-2024 · n=51-103

Equity P55

Improving position over 2020-2024 · n=51-103

Gross operating margin P59

Stable position over 2021-2024 · n=30-56

Describes the position versus peers, not a forecast.

EBITDA

€265k

+20.9% 18-24

Net profit

€105k

+75.9% 18-24

Cash flow

€219k

+20.7% 18-24

Total assets

€1.64M

-2.1% 18-24

Equity

€569k

+21.7% 18-24

Working capital

€144k

+98.8% 18-24

Employees (FTE)

1

0.0% 18-24

Staff costs

€46k

-0.9% 18-24

Income taxes

€27k

+95.0% 18-24

Debt

€1.07M

-11.4% 18-24

Debt ≤ 1y

€152k

-6.7% 18-24

Debt > 1y

€915k

-12.1% 18-24

Current ratio

1.95

+34.8% 18-24

Quick ratio

1.95

+34.8% 18-24

Solvency

34.8%

+24.3% 18-24

Debt / equity

1.87

-27.2% 18-24

ROE

18.5%

+44.6% 18-24

ROA

6.4%

+79.7% 18-24

Interest coverage

10.20

+44.2% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€265k
Net profit	€105k
Cash flow	€219k
Staff costs	€46k
Income taxes	€27k
Dividends	-
Total assets	€1.64M
Equity	€569k
Debt	€1.07M
of which ≤ 1y	€152k
of which > 1y	€915k
Working capital	€144k
Employees (FTE)	1.2

Ratios (computed)

	2024
Current ratio	1.95
Quick ratio	1.95
Working capital ratio	8.8%
Solvency	34.8%
Debt / equity	1.87
Long-term debt ratio	1.61
Interest coverage	10.20
Gross margin	-
Net margin	-
ROA	6.4%
ROE	18.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1.34M · 82.0% Current assets €295k · 18.0%

Equity & liabilities

Equity €569k · 34.8% Debt €1.07M · 65.2%

Full annual accounts

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.64M
Fixed assets	21/28	€1.34M
Formation expenses	20	€0
Tangible fixed assets	22/27	€1.34M
Current assets	29/58	€295k
Amounts receivable within one year	40/41	€216k
Cash & bank	54/58	€22k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.64M
Equity	10/15	€569k
Contributions / capital	10/11	€62k
Reserves	13	€6k
Accumulated profits (losses)	14	€465k
Amounts payable	17/49	€1.07M
Amounts payable after one year	17	€915k
Amounts payable within one year	42/48	€152k
Trade debts payable within one year	44	€4k
Income statement
Gross operating margin	9900	€336k
Operating result	9901	€152k
Financial income	75	€6k
Financial charges	65	€26k
Result before taxes	9903	€132k
Income taxes	67/77	€27k
Net result for the period	9904	€105k
Result to be appropriated	9905	€105k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

94 / 100 Excellent

050100

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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rue de l'Abbaye 904040 Herstal

Establishment units

1 location

B.L.S.

Rue de l'Abbaye 90, 4040 HerstalOpslag

since 20092.179.298.208

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

Parcels1

Ground area4,830 m²

Buildings1

Building footprint1,565 m²

Volume (LiDAR)9,022 m³

Tallest building9.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62312B0024/00D004	Wallonia	4,830 m²	1 · 1,565 m²	9.7 m · 2 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

83 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 92

Solvency 76

Growth 52

Stability 100

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

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We hold annual accounts for 37 of the 352 companies in this sector. 21 of them are within a factor 10 of this company's equity.

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Opslag in koelpakhuizen en overige opslag52100Opslag52100Overige vrachtbehandeling, exclusief in zeehavens52249Overige vrachtbehandeling, exclusief in zeehavens52249Opslag in koelpakhuizen en overige opslag52100Opslag52100

Primary activity highlighted.

Names & trade names

Legal nameFR

B.L.S.

Registered office

Rue de l'Abbaye 90

4040 Herstal, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.