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B.L.T.

Active
Private limited companyfounded 20233 yrs activeTorhoutsesteenweg 168, 8210 Zedelgem, BelgiumKBO/BCE: BE 0797.044.941
Summary

B.L.T. has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,502 and a net result of €1,395. Its solvency ranks better than 21% of 19372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability19▲+1
Solvency26▼-2
Growth78
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.92 against 5.03 in 2023; short-term debt: 52.2% and cash: 7.8% of total assets), but 98.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 19372 sector peers (2024).
NBB · sector comparison
Position among 19372 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
70 d late
2023
68 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 69 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

B.L.T. was incorporated on 11 January 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€27,502▲ 5.3%
2023 · €26,107
Total assets
€2.3m▲ 182%
2023 · €831,428
Net result
€1,395
2023 · -€3,893
Working capital
€1.1m▲ 68.0%
2023 · €666,196
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€3,824--€10,069▼ 163%
Net result-€3,893within the sector's middle half-€1,395within the sector's middle half
Equity€26,107within the sector's middle half-€27,502within the sector's middle half▲ 5.3%
Total assets€831,428within the sector's middle half-€2.3mabove the sector's middle half▲ 182%
Debt€805,321-€2.3m▲ 187%
Working capital€666,196above the sector's middle half-€1.1mabove the sector's middle half▲ 68.0%
Solvency3.1%below the sector's middle half-1.2%below the sector's middle half▼ 2.0pp
Current ratio5.03above the sector's middle half-1.92within the sector's middle half▼ 3.12
Return on assets (ROA)-0.5%within the sector's middle half-0.1%within the sector's middle half▲ 0.5pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2023: -€3,824-€3,824Net result 2023: -€3,893-€3,893Operating result 2024: -€10,069-€10,069Net result 2024: €1,395€1,39520232024-€15,000-€10,000-€5,000€0Operating result 2023: -€3,824-€3,820Net result 2023: -€3,893-€3,890Operating result 2024: -€10,069-€10,100Net result 2024: €1,395€1,40020232024
The operating result stays negative: a loss of €10,069 in 2024 against €3,824 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.3m
Equity €27,502 ▲ 5.3%
Debt €2.3m ▲ 187%
Debt's share of the balance-sheet total rises from 96.9% to 98.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€10,069▼
2023 · €0
Cash flow
€1,395▲
2023 · -€69
Quick ratio
0.22▲
2023 · 0.15
Debt to equity
84.15▲
2023 · 30.85
ROE
5.1%▲
2023 · -14.9%
Interest coverage
-9.11▼
2023 · 0.00
Debt ≤ 1 year
€1.2m▲
2023 · €165,232
Debt > 1 year
€970,483▲
2023 · €630,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
1.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€831,428€2.3m▲
Current assets29/58€831,428€2.3m▲
Stocks and contracts in progress3€805,818€2.1m▲
Stocks30/36€805,818€2.1m▲
Amounts receivable within one year40/41€18,658€85,038▲
Trade receivables40-€85,038
Other amounts receivable41€18,658€0▼
Cash at bank and in hand54/58€6,952€181,608▲
Equity and liabilities
Total equity and liabilities10/49€831,428€2.3m▲
Equity10/15€26,107€27,502▲
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€3,893-€2,498▲
Amounts payable17/49€805,321€2.3m▲
Amounts payable after more than one year17€630,000€970,483▲
Financial debts170/4€630,000€970,483▲
Amounts payable within one year42/48€165,232€1.2m▲
Trade debts44€165,232€40,506▼
Suppliers440/4€165,232€40,506▼
Advances received on contracts in progress46-€1.1m
Taxes, remuneration and social security45-€86,524
Taxes450/3-€86,524
Accrued charges and deferred income492/3€10,089€121,294▲
Income statement Code20232024
Non-recurring operating income76A-€2,500
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,824€0▼
Gross operating margin9900--€10,069
Operating profit (loss)9901-€3,824-€10,069▼
Financial income75/76B-€12,569
Recurring financial income75-€12,569
Financial charges65/66B€69€1,105▲
Recurring financial charges65€69€1,105▲
Profit (loss) for the period before taxes9903-€3,893€1,395▲
Profit (loss) for the period9904-€3,893€1,395▲
Profit (loss) for the period to be appropriated9905-€3,893€1,395▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,893-€2,498▲
Profit (loss) brought forward from the previous period14P--€3,893

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Non-recurring operating income76A-€2,500-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,824€0▼ 100%
Gross operating margin9900--€10,069-
Operating profit (loss)9901-€3,824-€10,069▼ 163%
Financial income75/76B-€12,569-
Recurring financial income75-€12,569-
Financial charges65/66B€69€1,105▲ 1,498%
Recurring financial charges65€69€1,105▲ 1,498%
Profit (loss) for the period before taxes9903-€3,893€1,395▲ 136%
Profit (loss) for the period9904-€3,893€1,395▲ 136%
Profit (loss) for the period to be appropriated9905-€3,893€1,395▲ 136%
Line20232024Change
Assets
Total assets20/58€831,428€2.3m▲ 182%
Current assets29/58€831,428€2.3m▲ 182%
Stocks and contracts in progress3€805,818€2.1m▲ 158%
Stocks30/36€805,818€2.1m▲ 158%
Amounts receivable within one year40/41€18,658€85,038▲ 356%
Trade receivables40-€85,038-
Other amounts receivable41€18,658€0▼ 100%
Cash at bank and in hand54/58€6,952€181,608▲ 2,512%
Equity and liabilities
Total equity and liabilities10/49€831,428€2.3m▲ 182%
Equity10/15€26,107€27,502▲ 5.3%
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€3,893-€2,498▲ 35.8%
Amounts payable17/49€805,321€2.3m▲ 187%
Amounts payable after more than one year17€630,000€970,483▲ 54.0%
Financial debts170/4€630,000€970,483▲ 54.0%
Amounts payable within one year42/48€165,232€1.2m▲ 640%
Trade debts44€165,232€40,506▼ 75.5%
Suppliers440/4€165,232€40,506▼ 75.5%
Advances received on contracts in progress46-€1.1m-
Taxes, remuneration and social security45-€86,524-
Taxes450/3-€86,524-
Accrued charges and deferred income492/3€10,089€121,294▲ 1,102%
Line20232024Change
Profit (loss) for the period9904-€3,893€1,395▲ 136%
+ Depreciation and write-downs630€3,824€0▼ 100%
Operating cash flow (approximation)-€69€1,395▲ 2,119%
Change in cash-€174,656-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
09-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial Back to profitnet €1,395
Net result €1,395 after one loss-making year.
07-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

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.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,030 m²
Building footprint
948 m²
Volume, LiDAR
4,264 m³
Parcel 31040D0472/00S000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
B.L.T.
Torhoutsesteenweg 168, 8210 ZedelgemReal estate activities
since 20232.340.248.328
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31040D0472/00S000 Flanders 3,030 m² 1 · 948 m² 8.9 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,776 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68202Real estate activities
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
68321Property management for co-owned buildings (syndics)
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797044941
Also 9925:BE0797044941
Registered 08-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.