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BL Projects & Services

Active
Private limited companyfounded 20197 yrs activeTuinwijkstraat 20, 8660 De Panne, BelgiumKBO/BCE: BE 0723.850.721
Summary

BL Projects & Services has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,437 and a net result of -€2,148. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability66▼-32
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 11.33 against 4.07 in 2024; short-term debt: 7.8% and cash: 18.2% of total assets), and 7.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
30 d early
2024
35 d early
2023
33 d early
2022
33 d early
2021
32 d early
2020
31 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 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
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

BL Projects & Services was incorporated on 1 April 2019.1 Total assets went from EUR 102,870 in 2020 to EUR 102,424 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€94,437▼ 2.2%
2024 · €96,585
Total assets
€102,424▼ 16.5%
2024 · €122,713
Net result
-€2,148
2024 · €28,735
Working capital
€82,521▲ 3.0%
2024 · €80,096
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€8,263▼ 86.6%-€736€21,406€43,968▲ 105%€831▼ 98.1%
Net result€4,546within the sector's middle half▼ 90.5%-€1,776below the sector's middle half€11,229within the sector's middle half€28,735within the sector's middle half▲ 156%-€2,148below the sector's middle half
Equity€58,396within the sector's middle half▲ 8.4%€56,621within the sector's middle half▼ 3.0%€67,850within the sector's middle half▲ 19.8%€96,585within the sector's middle half▲ 42.4%€94,437within the sector's middle half▼ 2.2%
Total assets€72,966below the sector's middle half▼ 29.1%€115,252within the sector's middle half▲ 58.0%€87,454within the sector's middle half▼ 24.1%€122,713within the sector's middle half▲ 40.3%€102,424within the sector's middle half▼ 16.5%
Debt€14,570▼ 70.3%€58,632▲ 302%€19,604▼ 66.6%€26,128▲ 33.3%€7,987▼ 69.4%
Working capital€44,653within the sector's middle half▲ 1.9%€54,766within the sector's middle half▲ 22.6%€49,250within the sector's middle half▼ 10.1%€80,096within the sector's middle half▲ 62.6%€82,521within the sector's middle half▲ 3.0%
Solvency80.0%above the sector's middle half▲ 27.7pp49.1%within the sector's middle half▼ 30.9pp77.6%within the sector's middle half▲ 28.5pp78.7%within the sector's middle half▲ 1.1pp92.2%above the sector's middle half▲ 13.5pp
Current ratio4.06within the sector's middle half▲ 2.152.31within the sector's middle half▼ 1.763.51within the sector's middle half▲ 1.204.07within the sector's middle half▲ 0.5511.33above the sector's middle half▲ 7.27
Return on assets (ROA)6.2%within the sector's middle half▼ 40.1pp-1.5%below the sector's middle half▼ 7.8pp12.8%within the sector's middle half▲ 14.4pp23.4%within the sector's middle half▲ 10.6pp-2.1%below the sector's middle half▼ 25.5pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
-€20,000€0€20,000€40,000Operating result 2021: €8,263€8,263Net result 2021: €4,546€4,546Operating result 2022: -€736-€736Net result 2022: -€1,776-€1,776Operating result 2023: €21,406€21,406Net result 2023: €11,229€11,229Operating result 2024: €43,968€43,968Net result 2024: €28,735€28,735Operating result 2025: €831€831Net result 2025: -€2,148-€2,14820212022202320242025-€20,000€0€20,000€40,000Operating result 2023: €21,406€21,400Net result 2023: €11,229€11,200Operating result 2024: €43,968€44,000Net result 2024: €28,735€28,700Operating result 2025: €831€831Net result 2025: -€2,148-€2,150202320242025
The operating result falls in 2025; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,424
Fixed assets €11,916 ▼ 27.7%
Current assets €90,508 ▼ 14.8%
Equity and liabilities €102,424
Equity €94,437 ▼ 2.2%
Debt €7,987 ▼ 69.4%
Debt's share of the balance-sheet total falls from 21.3% to 7.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,668▼
2024 · €48,795
Cash flow
€1,690▼
2024 · €33,562
Debt to equity
0.08▼
2024 · 0.27
ROE
-2.3%▼
2024 · 29.8%
Interest coverage
34.49▼
2024 · 139.89
Debt ≤ 1 year
€7,987▼
2024 · €26,128
Income taxes
€3,639▼
2024 · €14,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.3% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,442 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 · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€122,713€102,424▼
Fixed assets21/28€16,489€11,916▼
Tangible fixed assets22/27€6,522€9,366▲
Plant, machinery and equipment23€563€5,737▲
Furniture and vehicles24€5,959€3,629▼
Financial fixed assets28€9,968€2,550▼
Current assets29/58€106,223€90,508▼
Amounts receivable after more than one year29-€145
Other amounts receivable291-€145
Amounts receivable within one year40/41€61,263€71,689▲
Trade receivables40€12,957€17,711▲
Other amounts receivable41€48,306€53,978▲
Cash at bank and in hand54/58€41,065€18,674▼
Deferred charges and accrued income490/1€3,896-
Equity and liabilities
Total equity and liabilities10/49€122,713€102,424▼
Equity10/15€96,585€94,437▼
Contributions10/11€6,200€6,200=
Reserves13€90,385€88,237▼
Distributable reserves133€90,385€88,237▼
Amounts payable17/49€26,128€7,987▼
Amounts payable within one year42/48€26,128€7,987▼
Trade debts44€2,630-
Suppliers440/4€2,630-
Taxes, remuneration and social security45€21,535€3,639▼
Taxes450/3€21,535€3,639▼
Other amounts payable47/48€1,962€4,349▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,827€3,838▼
Other operating charges640/8€441€442▲
Gross operating margin9900€49,236€5,110▼
Operating profit (loss)9901€43,968€831▼
Financial income75/76B€0€795▲
Recurring financial income75€0€795▲
Financial charges65/66B€349€135▼
Recurring financial charges65€349€135▼
Profit (loss) for the period before taxes9903€43,620€1,491▼
Income taxes67/77€14,884€3,639▼
Profit (loss) for the period9904€28,735-€2,148▼
Profit (loss) for the period to be appropriated9905€28,735-€2,148▼
Appropriation of the result
Profit (loss) to be appropriated9906€28,735-€2,148▼
Transfer from equity791/2-€2,148
Transfer to equity691/2€28,735-
To other reserves6921€28,735-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€18----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,709€5,979€5,523€4,827€3,838▼ 20.5%
Other operating charges640/8-€325€549€441€442▲ 0.2%
Gross operating margin9900€11,972€5,586€27,479€49,236€5,110▼ 89.6%
Operating profit (loss)9901€8,263-€736€21,406€43,968€831▼ 98.1%
Financial income75/76B-€111€2€0€795▲ 467,559%
Recurring financial income75€0€111€2€0€795▲ 467,559%
Financial charges65/66B-€115€99€349€135▼ 61.2%
Recurring financial charges65€587€115€99€349€135▼ 61.2%
Profit (loss) for the period before taxes9903€7,677-€740€21,309€43,620€1,491▼ 96.6%
Income taxes67/77€3,130€1,036€10,080€14,884€3,639▼ 75.6%
Profit (loss) for the period9904€4,546-€1,776€11,229€28,735-€2,148▼ 107%
Profit (loss) for the period to be appropriated9905€4,546-€1,776€11,229€28,735-€2,148▼ 107%
Line20212022202320242025Change
Assets
Total assets20/58€72,966€115,252€87,454€122,713€102,424▼ 16.5%
Fixed assets21/28€13,744€18,648€18,600€16,489€11,916▼ 27.7%
Tangible fixed assets22/27€12,334€14,155€8,632€6,522€9,366▲ 43.6%
Plant, machinery and equipment23-€2,862€1,346€563€5,737▲ 919%
Furniture and vehicles24-€11,293€7,286€5,959€3,629▼ 39.1%
Financial fixed assets28€1,410€4,493€9,968€9,968€2,550▼ 74.4%
Current assets29/58€59,223€96,605€68,854€106,223€90,508▼ 14.8%
Amounts receivable after more than one year29----€145-
Other amounts receivable291----€145-
Amounts receivable within one year40/41€14,522€41,420€49,741€61,263€71,689▲ 17.0%
Trade receivables40-€11,212€14,728€12,957€17,711▲ 36.7%
Other amounts receivable41-€30,208€35,014€48,306€53,978▲ 11.7%
Cash at bank and in hand54/58€44,431€55,184€19,113€41,065€18,674▼ 54.5%
Deferred charges and accrued income490/1---€3,896--
Equity and liabilities
Total equity and liabilities10/49€72,966€115,252€87,454€122,713€102,424▼ 16.5%
Equity10/15€58,396€56,621€67,850€96,585€94,437▼ 2.2%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€52,196€50,421€61,650€90,385€88,237▼ 2.4%
Distributable reserves133-€50,421€61,650€90,385€88,237▼ 2.4%
Amounts payable17/49€14,570€58,632€19,604€26,128€7,987▼ 69.4%
Amounts payable within one year42/48€14,570€41,838€19,604€26,128€7,987▼ 69.4%
Trade debts44€8,060€825€860€2,630--
Suppliers440/4-€825€860€2,630--
Taxes, remuneration and social security45-€35,585€15,339€21,535€3,639▼ 83.1%
Taxes450/3-€35,585€15,339€21,535€3,639▼ 83.1%
Other amounts payable47/48-€5,429€3,405€1,962€4,349▲ 122%
Accrued charges and deferred income492/3-€16,793----
Line20212022202320242025Change
Profit (loss) for the period9904€4,546-€1,776€11,229€28,735-€2,148▼ 107%
+ Depreciation and write-downs630€3,709€5,979€5,523€4,827€3,838▼ 20.5%
Operating cash flow (approximation)€8,256€4,204€16,752€33,562€1,690▼ 95.0%
Investment in fixed assets (approximation)--€10,883-€5,475-€2,717€736▲ 127%
Change in cash-€10,754-€36,071€21,952-€22,390▼ 202%

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

Next filing, fiscal year 2026, expected by 30-04-2027
2026
31-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Weakest financial yearnet -€2,148
Net result drops to -€2,148, the lowest in the series.
30-09
Financial Liquidity triplescurrent ratio 11.33
Current ratio from 4.07 to 11.33; short-term debt falls from €26,128 to €7,987.
26-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Back to profitnet €11,229
Net result €11,229 after one loss-making year.
28-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Liquidity doublescurrent ratio 4.06
Current ratio from 1.91 to 4.06; short-term debt falls from €48,110 to €14,570.
30-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, De Panne · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
402 m²
Building footprint
63 m²
Volume, LiDAR
356 m³
Parcel 38001D0192/00C000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
BL Projects & Services
Tuinwijkstraat 20, 8660 De PanneNACE 4540102
since 20192.287.415.002
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38001D0192/00C000 Flanders 402 m² 1 · 63 m² 7.1 m · 2 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

Chain of control

  1. L&L INVESTMENTS 100%
  2. BL Projects & Services

Highest known parent: L&L INVESTMENTS. The sources do not say who stands above it.

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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,530 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
Founded01-04-2019
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
47830Retail sale of motorcycles and motorcycle parts and accessories
Contact
E-mail blprojects@outlook.beDe Panne
Phone 0473523574De Panne
E-invoicing
Reachable via Peppol
Peppol ID 0208:0723850721
Also 9925:BE0723850721
Registered 28-08-2023

Register as of 27 September 2026 · Peppol Directory

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