BL28
ActiveSummary
BL28 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €31k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-9
Solvency58▼-17
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.5 in 2024; short-term debt: 58.4% and cash: 45.1% of total assets), and 66.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.2%
Return on assets
13.7%
Age of the figures
9 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
22 d early
2023
63 d early
2022
31 d early
2021
20 d early
2020
3 d early
2019
93 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▼ 40.3%
2024 · €126k
2019: €54klowest in 7 years
2020: €100k▲ +84.9% vs 2019
2021: €113k▲ +13.1% vs 2020
2022: €209k▲ +84.8% vs 2021highest in 7 years
2023: €126k▼ -40.0% vs 2022
2024: €126k● 0.0% vs 2023
2025: €75k▼ -40.3% vs 2024
2019 → 2025
Total assets
€226k▼ 9.7%
2024 · €250k
2019: €81klowest in 7 years
2020: €148k▲ +82.2% vs 2019
2021: €169k▲ +14.2% vs 2020
2022: €250k▲ +47.6% vs 2021
2023: €270k▲ +8.3% vs 2022highest in 7 years
2024: €250k▼ -7.5% vs 2023
2025: €226k▼ -9.7% vs 2024
2019 → 2025
Net result
€31k▼ 40.5%
2024 · €52k
2019: €42k
2020: €33k▼ -21.4% vs 2019
2021: €15k▼ -55.3% vs 2020lowest in 7 years
2022: €98k▲ +565% vs 2021highest in 7 years
2023: €71k▼ -27.4% vs 2022
2024: €52k▼ -26.5% vs 2023
2025: €31k▼ -40.5% vs 2024
2019 → 2025
Working capital
€-4k
2024 · €47k
2019: €54k
2020: €95k▲ +75.1% vs 2019
2021: €61k▼ -35.3% vs 2020
2022: €152k▲ +148% vs 2021highest in 7 years
2023: €53k▼ -64.8% vs 2022
2024: €47k▼ -11.7% vs 2023
2025: €-4k▼ -108% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€209k▲ 84.8%€126k▼ 40.0%€126k=€75k▼ 40.3%
2021: €113k
2022: €209k▲ +84.8% vs 2021highest in 5 years
2023: €126k▼ -40.0% vs 2022
2024: €126k● 0.0% vs 2023
2025: €75k▼ -40.3% vs 2024lowest in 5 years
Operating result€19k-€126k▲ 549%€92k▼ 26.7%€69k▼ 25.6%€45k▼ 34.3%
2021: €19klowest in 5 years
2022: €126k▲ +549% vs 2021highest in 5 years
2023: €92k▼ -26.7% vs 2022
2024: €69k▼ -25.6% vs 2023
2025: €45k▼ -34.3% vs 2024
Net result€15k-€98k▲ 565%€71k▼ 27.4%€52k▼ 26.5%€31k▼ 40.5%
2021: €15klowest in 5 years
2022: €98k▲ +565% vs 2021highest in 5 years
2023: €71k▼ -27.4% vs 2022
2024: €52k▼ -26.5% vs 2023
2025: €31k▼ -40.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226k
Fixed assets
€98k ▼ 10.6%
Current assets
€128k ▼ 9.0%
Equity and liabilities €226k
Equity
€75k ▼ 40.3%
Debt
€151k ▲ 21.0%
Debt's share of the balance-sheet total rises from 49.9% to 66.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▼
2024 · €90k
Cash flow
€52k▼
2024 · €73k
Current ratio
0.97▼
2024 · 1.50
Debt to equity
2.01▲
2024 · 0.99
ROE
41.3%▼
2024 · 41.5%
ROA
13.7%▼
2024 · 20.8%
Interest coverage
11.75▼
2024 · 35.76
Debt ≤ 1 year
€132k▲
2024 · €94k
Debt > 1 year
€19k▼
2024 · €31k
Income taxes
€9k▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€250k€226k▼
Fixed assets21/28€109k€98k▼
Tangible fixed assets22/27€109k€98k▼
Furniture and vehicles24€66k€57k▼
Other tangible fixed assets26€43k€41k▼
Current assets29/58€141k€128k▼
Amounts receivable after more than one year29€12k€12k=
Other amounts receivable291€12k€12k=
Amounts receivable within one year40/41€27k€12k▼
Trade receivables40€21k-
Other amounts receivable41€6k€12k▲
Cash at bank and in hand54/58€98k€102k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€250k€226k▼
Equity10/15€126k€75k▼
Contributions10/11€25k€25k=
Reserves13€101k€50k▼
Distributable reserves133€101k€50k▼
Amounts payable17/49€125k€151k▲
Amounts payable after more than one year17€31k€19k▼
Financial debts170/4€31k€19k▼
Amounts payable within one year42/48€94k€132k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€411€244▼
Suppliers440/4€411€244▼
Taxes, remuneration and social security45€14k€14k▼
Taxes450/3€14k€14k▼
Other amounts payable47/48€68k€106k▲
Accrued charges and deferred income492/3-€23
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Other operating charges640/8€505€520▲
Gross operating margin9900€90k€67k▼
Operating profit (loss)9901€69k€45k▼
Financial income75/76B€547€673▲
Recurring financial income75€547€673▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€67k€40k▼
Income taxes67/77€15k€9k▼
Profit (loss) for the period9904€52k€31k▼
Profit (loss) for the period to be appropriated9905€52k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€31k▼
Transfer from equity791/2-€57k
Transfer to equity691/2-€6k
To other reserves6921-€6k
Profit to be distributed694/7€52k€82k▲
Return on contributions (dividend)694€52k€82k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €7k | €14k | €21k | €21k | ▲ 3.4% |
| Other operating charges640/8 | €910 | €1k | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €25k | €134k | €107k | €90k | €67k | ▼ 25.5% |
| Operating profit (loss)9901 | €19k | €126k | €92k | €69k | €45k | ▼ 34.3% |
| Financial income75/76B | €10 | €340 | - | €547 | €673 | ▲ 23.0% |
| Recurring financial income75 | €10 | €340 | - | €547 | €673 | ▲ 23.0% |
| Financial charges65/66B | €740 | €84 | €1k | €3k | €6k | ▲ 126% |
| Recurring financial charges65 | €740 | €84 | €1k | €3k | €6k | ▲ 126% |
| Profit (loss) for the period before taxes9903 | €19k | €126k | €91k | €67k | €40k | ▼ 39.9% |
| Income taxes67/77 | €4k | €29k | €20k | €15k | €9k | ▼ 37.9% |
| Profit (loss) for the period9904 | €15k | €98k | €71k | €52k | €31k | ▼ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €15k | €98k | €71k | €52k | €31k | ▼ 40.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €169k | €250k | €270k | €250k | €226k | ▼ 9.7% |
| Fixed assets21/28 | €52k | €57k | €115k | €109k | €98k | ▼ 10.6% |
| Tangible fixed assets22/27 | €52k | €57k | €115k | €109k | €98k | ▼ 10.6% |
| Furniture and vehicles24 | €2k | €2k | €65k | €66k | €57k | ▼ 14.1% |
| Other tangible fixed assets26 | €50k | €55k | €50k | €43k | €41k | ▼ 5.2% |
| Current assets29/58 | €117k | €193k | €156k | €141k | €128k | ▼ 9.0% |
| Amounts receivable after more than one year29 | - | €12k | €12k | €12k | €12k | = |
| Other amounts receivable291 | - | €12k | €12k | €12k | €12k | = |
| Amounts receivable within one year40/41 | €30k | €93k | €27k | €27k | €12k | ▼ 54.4% |
| Trade receivables40 | €24k | €88k | €21k | €21k | - | - |
| Other amounts receivable41 | €6k | €6k | €6k | €6k | €12k | ▲ 95.2% |
| Cash at bank and in hand54/58 | €84k | €83k | €113k | €98k | €102k | ▲ 3.8% |
| Deferred charges and accrued income490/1 | €3k | €4k | €3k | €3k | €2k | ▼ 46.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €169k | €250k | €270k | €250k | €226k | ▼ 9.7% |
| Equity10/15 | €113k | €209k | €126k | €126k | €75k | ▼ 40.3% |
| Contributions10/11 | €12k | €12k | €25k | €25k | €25k | = |
| Reserves13 | €101k | €197k | €101k | €101k | €50k | ▼ 50.1% |
| Distributable reserves133 | €101k | €197k | €101k | €101k | €50k | ▼ 50.1% |
| Amounts payable17/49 | €56k | €41k | €145k | €125k | €151k | ▲ 21.0% |
| Amounts payable after more than one year17 | - | - | €43k | €31k | €19k | ▼ 38.9% |
| Financial debts170/4 | - | - | €43k | €31k | €19k | ▼ 38.9% |
| Amounts payable within one year42/48 | €56k | €41k | €102k | €94k | €132k | ▲ 40.9% |
| Current portion of amounts payable after more than one year42 | - | - | €11k | €12k | €12k | ▲ 3.7% |
| Trade debts44 | €7k | €2k | €383 | €411 | €244 | ▼ 40.5% |
| Suppliers440/4 | €7k | €2k | €383 | €411 | €244 | ▼ 40.5% |
| Taxes, remuneration and social security45 | €28k | €37k | €19k | €14k | €14k | ▼ 1.2% |
| Taxes450/3 | €19k | €37k | €19k | €14k | €14k | ▼ 1.2% |
| Remuneration and social security454/9 | €9k | - | - | - | - | - |
| Other amounts payable47/48 | €21k | €2k | €71k | €68k | €106k | ▲ 56.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €23 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €98k | €71k | €52k | €31k | ▼ 40.5% |
| + Depreciation and write-downs630 | €5k | €7k | €14k | €21k | €21k | ▲ 3.4% |
| Operating cash flow (approximation) | €19k | €105k | €85k | €73k | €52k | ▼ 28.0% |
| Investment in fixed assets (approximation) | - | €-12k | €-72k | €-15k | €-10k | ▲ 36.0% |
| Change in cash | - | €-799 | €30k | €-15k | €4k | ▲ 124% |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €98k ▲565%
Operating result €126k, net result €98k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.75
Current ratio from 2.10 to 4.75; short-term debt falls from €56k to €41k.
31-12
Financial
Equity above €200kEq €209k ▲84.8%
4 profitable years in a row build equity to €209k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €15k ▼55.3%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €100k ▲84.9%
2 profitable years in a row build equity to €100k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brasschaat · 1 establishment unit since 2018
Ground area
2,228 m²
Building footprint
222 m²
Volume, LiDAR
1,345 m³
Parcel 11322E0399/00T003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BL28
since 20182.278.098.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0399/00T003 | Flanders | 2,228 m² | 1 · 222 m² | 10.0 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,507 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
Founded23-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.