BABLU
ActiveSummary
BABLU has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138,413 and a net result of €4,394. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 56% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-26
Solvency65▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.85 in 2023; short-term debt: 60.3% and cash: 23% of total assets), but 60.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
1.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
75 d late
2021
584 d late
2020
949 d late
2019
670 d late
2018
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 377 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€138,413▲ 3.3%
2023 · €134,018
Total assets
€348,513▲ 22.5%
2023 · €284,452
Net result
€4,394▼ 92.9%
2023 · €62,311
Working capital
€110,826▼ 11.7%
2023 · €125,526
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20192020202120232024
Operating result€88,867▲ 921%€8,343▼ 90.6%€35,687▲ 328%€72,377-€9,140▼ 87.4%
Net result€84,972▲ 894%€7,191within the sector's middle half▼ 91.5%€24,862above the sector's middle half▲ 246%€62,311above the sector's middle half-€4,394within the sector's middle half▼ 92.9%
Equity€74,897€82,088within the sector's middle half▲ 9.6%€106,949within the sector's middle half▲ 30.3%€134,018above the sector's middle half-€138,413above the sector's middle half▲ 3.3%
Total assets€189,349▲ 99.2%€209,161within the sector's middle half▲ 10.5%€186,729within the sector's middle half▼ 10.7%€284,452within the sector's middle half-€348,513above the sector's middle half▲ 22.5%
Debt€114,452▲ 8.9%€127,073▲ 11.0%€79,779▼ 37.2%€150,434-€210,100▲ 39.7%
Working capital€373€24,861within the sector's middle half▲ 6,559%€90,711above the sector's middle half▲ 265%€125,526above the sector's middle half-€110,826above the sector's middle half▼ 11.7%
Solvency39.6%▲ 50.2pp39.2%within the sector's middle half▼ 0.3pp57.3%within the sector's middle half▲ 18.0pp47.1%within the sector's middle half-39.7%within the sector's middle half▼ 7.4pp
Current ratio1.00▲ 0.221.23within the sector's middle half▲ 0.222.46within the sector's middle half▲ 1.231.85within the sector's middle half-1.53within the sector's middle half▼ 0.33
Return on assets (ROA)44.9%▲ 35.9pp3.4%within the sector's middle half▼ 41.4pp13.3%within the sector's middle half▲ 9.9pp21.9%above the sector's middle half-1.3%within the sector's middle half▼ 20.6pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result falls in 2024; 2024 is 87% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €348,513
Fixed assets
€27,587 ▲ 129%
Current assets
€320,926 ▲ 17.8%
Equity and liabilities €348,513
Equity
€138,413 ▲ 3.3%
Debt
€210,100 ▲ 39.7%
Debt's share of the balance-sheet total rises from 52.9% to 60.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,045▼
2023 · €81,137
Cash flow
€7,299▼
2023 · €71,071
Quick ratio
0.72▼
2023 · 1.42
Debt to equity
1.52▲
2023 · 1.12
ROE
3.2%▼
2023 · 46.5%
Interest coverage
48.93▲
2023 · 23.75
Debt ≤ 1 year
€210,100▲
2023 · €146,864
Income taxes
€4,500▼
2023 · €6,650
Staff costs
€31,327▼
2023 · €40,305
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,500 | - | €9,512 | - | - | - |
| Remuneration, social security and pensions62 | - | €5,052 | €9,849 | €40,305 | €31,327 | ▼ 22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,065 | €24,741 | €12,427 | €8,760 | €2,905 | ▼ 66.8% |
| Other operating charges640/8 | €11,767 | €4,736 | €3,927 | €9,924 | €12,208 | ▲ 23.0% |
| Gross operating margin9900 | €116,699 | €42,871 | €61,889 | €131,367 | €55,581 | ▼ 57.7% |
| Operating profit (loss)9901 | €88,867 | €8,343 | €35,687 | €72,377 | €9,140 | ▼ 87.4% |
| Financial charges65/66B | €110 | €51 | €2,294 | €3,416 | €246 | ▼ 92.8% |
| Recurring financial charges65 | €110 | €51 | €2,294 | €3,416 | €246 | ▼ 92.8% |
| Profit (loss) for the period before taxes9903 | €88,757 | €8,291 | €33,394 | €68,961 | €8,894 | ▼ 87.1% |
| Income taxes67/77 | €3,785 | €1,100 | €8,532 | €6,650 | €4,500 | ▼ 32.3% |
| Profit (loss) for the period9904 | €84,972 | €7,191 | €24,862 | €62,311 | €4,394 | ▼ 92.9% |
| Profit (loss) for the period to be appropriated9905 | €84,972 | €7,191 | €24,862 | €62,311 | €4,394 | ▼ 92.9% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,349 | €209,161 | €186,729 | €284,452 | €348,513 | ▲ 22.5% |
| Fixed assets21/28 | €74,524 | €74,377 | €33,772 | €12,063 | €27,587 | ▲ 129% |
| Intangible fixed assets21 | €8,000 | €7,000 | €6,000 | €4,000 | €3,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €66,024 | €66,877 | €27,772 | €8,063 | €24,587 | ▲ 205% |
| Land and buildings22 | - | - | - | - | €16,208 | - |
| Plant, machinery and equipment23 | €4,280 | €2,009 | €1,432 | €8,063 | €8,379 | ▲ 3.9% |
| Furniture and vehicles24 | €61,744 | €64,868 | €26,340 | - | - | - |
| Financial fixed assets28 | €500 | €500 | - | - | - | - |
| Current assets29/58 | €114,826 | €134,784 | €152,957 | €272,389 | €320,926 | ▲ 17.8% |
| Stocks and contracts in progress3 | €48,197 | €59,197 | €47,327 | €64,570 | €170,000 | ▲ 163% |
| Stocks30/36 | €48,197 | €59,197 | €47,327 | €64,570 | €170,000 | ▲ 163% |
| Amounts receivable within one year40/41 | €4,955 | €8,621 | €4,044 | €91,034 | €70,929 | ▼ 22.1% |
| Other amounts receivable41 | €4,955 | €8,621 | €4,044 | €91,034 | €70,929 | ▼ 22.1% |
| Cash at bank and in hand54/58 | €61,674 | €66,966 | €101,587 | €116,785 | €79,997 | ▼ 31.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,349 | €209,161 | €186,729 | €284,452 | €348,513 | ▲ 22.5% |
| Equity10/15 | €74,897 | €82,088 | €106,949 | €134,018 | €138,413 | ▲ 3.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | - | - | - | - | - |
| Issued capital100 | €20,000 | - | - | - | - | - |
| Outside capital11 | - | - | - | €20,000 | €20,000 | = |
| Other1109/19 | - | - | - | €20,000 | €20,000 | = |
| Reserves13 | €4,165 | €4,165 | €4,165 | €4,165 | €4,165 | = |
| Distributable reserves133 | €4,165 | €4,165 | €4,165 | €4,165 | €4,165 | = |
| Profit (loss) carried forward14 | €50,732 | €57,923 | €82,784 | €109,853 | €114,247 | ▲ 4.0% |
| Amounts payable17/49 | €114,452 | €127,073 | €79,779 | €150,434 | €210,100 | ▲ 39.7% |
| Amounts payable after more than one year17 | - | €17,150 | €17,534 | €3,570 | - | - |
| Financial debts170/4 | - | €17,150 | €17,534 | €3,570 | - | - |
| Amounts payable within one year42/48 | €114,452 | €109,923 | €62,246 | €146,864 | €210,100 | ▲ 43.1% |
| Current portion of amounts payable after more than one year42 | - | €5,108 | - | €4,710 | €3,570 | ▼ 24.2% |
| Trade debts44 | €29,700 | €28,298 | €1,400 | €5,535 | €75,752 | ▲ 1,269% |
| Suppliers440/4 | €29,700 | €28,298 | €1,400 | €5,535 | €75,752 | ▲ 1,269% |
| Taxes, remuneration and social security45 | €14,247 | €10,012 | €17,133 | €94,058 | €130,778 | ▲ 39.0% |
| Taxes450/3 | €9,924 | €1,955 | €16,828 | €81,401 | €114,002 | ▲ 40.1% |
| Remuneration and social security454/9 | €4,324 | €8,057 | €305 | €12,656 | €16,776 | ▲ 32.5% |
| Other amounts payable47/48 | €70,505 | €66,505 | €43,712 | €42,561 | - | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,972 | €7,191 | €24,862 | €62,311 | €4,394 | ▼ 92.9% |
| + Depreciation and write-downs630 | €16,065 | €24,741 | €12,427 | €8,760 | €2,905 | ▼ 66.8% |
| Operating cash flow (approximation) | €101,037 | €31,932 | €37,288 | €71,071 | €7,299 | ▼ 89.7% |
| Investment in fixed assets (approximation) | - | -€24,594 | €28,178 | - | -€18,428 | - |
| Change in cash | - | €5,293 | €34,620 | - | -€36,787 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €4,394 ▼92.9%
Net result drops to €4,394, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 584 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 949 days late
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 670 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.46
Current ratio from 1.23 to 2.46; short-term debt falls from €109,923 to €62,246.
31-12
Financial
Equity above €100,000Eq €106,949 ▲30.3%
4 profitable years in a row build equity to €106,949.
2019
31-12
Financial
Highest result since 2018net €84,972 ▲894%
Operating result €88,867, net result €84,972, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 260 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
25-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 25 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Gent · 3 establishment units since 2002
Ground area
372 m²
Building footprint
241 m²
Volume, LiDAR
766 m³
3 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
BABLU SHOP
since 20022.135.069.275
BABLU SHOP
since 20022.135.069.770
BABLU
since 20092.180.152.697
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0235/00H008 | Flanders | 137 m² | 1 · 77 m² | 12.1 m · 3 fl. |
| 44032A0264/00M005 | Flanders | 137 m² | 1 · 66 m² | - |
| 44032A0224/00B004 | Flanders | 98 m² | 1 · 98 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.135.069.770
Gent2.180.152.697
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,854. 4,495 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded10-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479289569
Also
9925:BE0479289569
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.