BL AGENCY
ActiveBL AGENCY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €-153k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-39
Solvency56▼-21
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.89 against 3.93 in 2024; short-term debt: 11% and cash: 9.7% of total assets), and 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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
19202122232425
2019 to 2025 · latest year €-153k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
85 d early
2024
124 d late
2023
46 d late
2022
358 d late
2021
261 d late
2020
122 d late
2019
118 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-153k▼ 411%
2024 · €-30k
2019: €237k
2020: €435k
2021: €158k
2022: €-63k
2023: €-80k
2024: €-30k
2019 → 2025
Working capital
€-8k
2024 · €472k
2019: €253k
2020: €680k
2021: €633k
2022: €547k
2023: €483k
2024: €472k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€831k-€769k▼ 7.5%€689k▼ 10.4%€658k▼ 4.4%€216k▼ 67.2%
Operating result€239k-€-49k€-56k▼ 15.3%€-23k▲ 58.2%€-148k▼ 531%
Net result€158k-€-63k€-80k▼ 28.1%€-30k▲ 62.6%€-153k▼ 411%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €148k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €701k
Fixed assets
€632k▲ 0.9%
Current assets
€69k▼ 89.1%
Equity and liabilities €701k
Equity
€216k▼ 67.2%
Debt
€484k▼ 19.3%
The debt ratio rises from 47.7% to 69.2%. Equity and debt are lower.
Key figures and ratios
Solvency
30.8%▼
2024 · 52.3%
Current ratio
0.89▼
2024 · 3.93
Quick ratio
0.89▼
2024 · 3.93
Debt / equity
2.24▲
2024 · 0.91
ROE
-71.0%▼
2024 · -4.6%
ROA
-21.9%▼
2024 · -2.4%
Debt
€484k▼
2024 · €600k
Debt ≤ 1 year
€77k▼
2024 · €161k
Debt > 1 year
€407k▼
2024 · €439k
Income taxes
€466▼
2024 · €744
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.26M€701k▼
Fixed assets21/28€626k€632k▲
Tangible fixed assets22/27€626k€632k▲
Land and buildings22€578k€578k=
Furniture and vehicles24€22k€22k=
Other tangible fixed assets26€26k€32k▲
Current assets29/58€633k€69k▼
Amounts receivable within one year40/41€56k-
Other amounts receivable41€56k-
Current investments50/53€140k-
Cash at bank and in hand54/58€437k€68k▼
Deferred charges and accrued income490/1-€976
Equity and liabilities
Total equity and liabilities10/49€1.26M€701k▼
Equity10/15€658k€216k▼
Contributions10/11€1€1=
Reserves13€823k€534k▼
Distributable reserves133€823k€534k▼
Profit (loss) carried forward14€-164k€-318k▼
Amounts payable17/49€600k€484k▼
Amounts payable after more than one year17€439k€407k▼
Financial debts170/4€439k€407k▼
Amounts payable within one year42/48€161k€77k▼
Current portion of amounts payable after more than one year42€32k€32k▲
Trade debts44€157€535▲
Suppliers440/4€157€535▲
Taxes, remuneration and social security45€120k€45k▼
Taxes450/3€120k€45k▼
Other amounts payable47/48€9k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€56k
Other operating charges640/8€5k€67k▲
Non-recurring operating charges66A-€48k
Gross operating margin9900€32k€23k▼
Operating profit (loss)9901€-23k€-148k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€-29k€-153k▼
Income taxes67/77€744€466▼
Profit (loss) for the period9904€-30k€-153k▼
Profit (loss) for the period to be appropriated9905€-30k€-153k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-164k€-318k▼
Profit (loss) brought forward from the previous period14P€-134k€-164k▼
Transfer from equity791/2-€289k
Profit to be distributed694/7-€289k
Return on contributions (dividend)694-€289k
The notes to these accounts (7 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
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-153k
Net result drops to €-153k, the lowest in the series.
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 124 days late
2024
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 46 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 358 days late
2023
18-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 261 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.23
Current ratio from 1.78 to 4.23; short-term debt falls from €872k to €196k.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 122 days late
2020
31-12
Financial
Highest result since 2019net €435k ▲83.4%
Operating result €655k, net result €435k, both a record.
31-12
Financial
Equity above €500kEq €691k ▲170%
2 profitable years in a row build equity to €691k.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-12-2024
Resigned as Director
29-12-2024
Resigned as Managing director
Location & real-estate footprint
Registered office, Ath · 1 establishment unit since 2018
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.
Square de la Philharmonique 117800 AthGround area
2,519 m²
Building footprint
580 m²
Volume, LiDAR
805 m³
2 parcels, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BL AGENCY
since 20182.278.962.540
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004B0990/00A000 | Wallonia | 1,317 m² | 1 · 424 m² | - |
| 55031A0431/00R000 | Wallonia | 1,203 m² | 1 · 156 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Similar companies · same sector, comparable size
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Joh Clothing
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YERGA
BE 0873.356.524
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LOCALISY
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Mrs. Bouquet
BE 0828.862.030
Gent · Eq €217k
Of 12,959 companies in sector 47120 we hold annual accounts for 2,190. 1,371 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2018
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
71122Land surveying
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.