BL Development
ActiveSummary
BL Development has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,114) and a net result of -€1,604. Equity is shrinking by about 51% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- -€17,114
- Loss
- -€1,604
- Largest shareholder
- CLV CONSULTING · 16.67%
- Xavier-Charles LetierDirector
Why 54raises riskCapped at 59: negative equityNegative equity -€17,114No registered site in the KBOlowers riskSize: total assets €4,887Liquidity: cash €4,771Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 95% on liquidity, 4% on profitability and 24% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Liquidity more than 8 timescurrent ratio 191.91
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €851 in 2025 against €654 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,907 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85.4% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 6,907 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €348 | €2,614 | €2,748 | €387 | - | - |
| Gross operating margin9900 | €615,596 | -€13,109 | -€2,958 | -€115 | -€57 | -€1,997 | -€267 | -€851 | ▼ 219% |
| Operating profit (loss)9901 | €615,596 | -€14,845 | -€3,306 | -€463 | -€2,671 | -€4,745 | -€654 | -€851 | ▼ 30.1% |
| Financial income75/76B | - | - | - | - | €7,081 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €7,081 | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,029 | €1,223 | €732 | €761 | €753 | ▼ 1.1% |
| Recurring financial charges65 | €13,196 | €3,419 | €1,873 | €2,029 | €1,223 | €732 | €761 | €753 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €602,400 | -€18,264 | -€5,179 | -€2,492 | €3,187 | -€5,477 | -€1,415 | -€1,604 | ▼ 13.4% |
| Income taxes67/77 | €178,481 | €11,738 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €423,919 | -€30,002 | -€5,179 | -€2,492 | €3,187 | -€5,477 | -€1,415 | -€1,604 | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €423,919 | -€30,002 | -€5,179 | -€2,492 | €3,187 | -€5,477 | -€1,415 | -€1,604 | ▼ 13.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €662,195 | €60,982 | €42,254 | €42,117 | €43,517 | €8,254 | €6,525 | €4,887 | ▼ 25.1% |
| Current assets29/58 | €662,195 | €60,982 | €42,254 | €42,117 | €43,517 | €8,254 | €6,525 | €4,887 | ▼ 25.1% |
| Amounts receivable within one year40/41 | €16,486 | €40,585 | €41,602 | €40,355 | €379 | €279 | €150 | €116 | ▼ 22.7% |
| Other amounts receivable41 | - | - | - | €40,355 | €379 | €279 | €150 | €116 | ▼ 22.7% |
| Cash at bank and in hand54/58 | €645,709 | €20,397 | €652 | €1,762 | €43,138 | €7,975 | €6,375 | €4,771 | ▼ 25.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €662,195 | €60,982 | €42,254 | €42,117 | €43,517 | €8,254 | €6,525 | €4,887 | ▼ 25.1% |
| Equity10/15 | €47,869 | €17,867 | €12,688 | €10,196 | €13,383 | -€14,095 | -€15,510 | -€17,114 | ▼ 10.3% |
| Contributions10/11 | €20,001 | €20,001 | - | €20,001 | €20,001 | - | - | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | - | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | - | - | - | - |
| Profit (loss) carried forward14 | €25,868 | -€4,134 | -€9,313 | -€11,805 | -€8,618 | -€14,095 | -€15,510 | -€17,114 | ▼ 10.3% |
| Amounts payable17/49 | €614,326 | €43,115 | €29,566 | €31,921 | €30,134 | €22,349 | €22,035 | €22,001 | ▼ 0.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | €22,001 | €22,001 | €22,001 | = |
| Other amounts payable178/9 | - | - | - | - | - | €22,001 | €22,001 | €22,001 | = |
| Amounts payable within one year42/48 | €614,326 | €43,115 | €29,566 | €31,921 | €30,134 | €348 | €34 | - | - |
| Trade debts44 | €22,060 | €4,328 | €4,566 | €2,634 | €347 | €348 | - | - | - |
| Suppliers440/4 | - | - | - | €2,634 | €347 | €348 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €34 | - | - |
| Taxes450/3 | - | - | - | - | - | - | €34 | - | - |
| Other amounts payable47/48 | - | - | - | €29,287 | €29,787 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €423,919 | -€30,002 | -€5,179 | -€2,492 | €3,187 | -€5,477 | -€1,415 | -€1,604 | ▼ 13.4% |
| Operating cash flow (approximation) | €423,919 | -€30,002 | -€5,179 | -€2,492 | €3,187 | -€5,477 | -€1,415 | -€1,604 | ▼ 13.4% |
| Change in cash | - | -€625,312 | -€19,745 | €1,110 | €41,376 | -€35,163 | -€1,600 | -€1,604 | ▼ 0.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00275247 |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00134055 |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00201968 |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00175809 |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20056086 |
| 31-12-2020 | micro format | 02-07-2021 | 2021-30500310 |
| 31-12-2019 | micro format | 29-07-2020 | 2020-35600556 |
| 31-12-2018 | micro format | 22-08-2019 | 2019-51000139 |
| 31-12-2017 | full format | 16-08-2018 | 2018-46600435 |
| 31-12-2016 | full format | 22-08-2017 | 2017-45600235 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Xavier-Charles Letier |
|
| Charles LETIER |
|
Owners and capital
Owners
1 ownerOwners 1
-
16.67%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 12-02-2024 Converted to unavailable equity · €22,001
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
12-02
Gazette deed
Reappointment: Xavier-Charles Letier (director)Resignation: Charles LETIER (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 20-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Kind of shares, “chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation, rémunération des apports” (deed in French)
- Director reappointment, Xavier-Charles Letier (director)
- Director resignation, Charles LETIER (director)
- Director discharge, Charles LETIER
- Registered office clause, “1180 Uccle Chaussée d'Alsemberg 1253 Boîte 9” (deed in French)
- Power of attorney
- Power of attorney, Tijl DE TROYER
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21616G0414/00K003 | Brussels | 475 m² | 1 · 213 m² | 16.0 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tous travaux,générales et spécialisés,de construction de bâtiments ainsi que la promotion immobilière; La…” (deed in French)
4 activities (deed in French)
- Tous travaux,générales et spécialisés,de construction de bâtiments ainsi que la promotion immobilière
- La création,l’acquisition,l’aliénation,l’obtention et l’octroi de tous droits réels,personnels et/ou sui generis,se rapportant à tous biens immeubles,de quelque nature qu’ils soient,et leur gestion
- L’achat,la vente,la construction,la transformation,la location,l’exploitation,l’échange,la mise en valeur,le courtage,la gestion de tous biens immeubles et droits immobiliers,le lotissement et la promotion de projets immobiliers,ainsi que le conseil en matière immobilière,la division horizontale et la mise en copropriété forcée de tous biens immobiliers
- Le commerce de matériaux de construction
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BL DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Frais généraux, assemblée générale” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata, gérance” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire, l’organe qui procède à l’émission” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale formes modifications statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, désigner liquidateurs déterminer pouvoirs et émoluments” (deed in French)