Blackstream
ActiveSummary
The computed 12-month bankruptcy probability of Blackstream is 4.9% (elevated). The 2024 annual accounts show equity of €415,638 and a net result of -€53,022. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 67% of 18932 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-67
Solvency74▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.21 against 2.62 in 2023; short-term debt: 23.1% and cash: 27.6% of total assets), but 51% 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49%
Return on assets
-6.2%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-10-2025, 72 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
72 d late
2023
31 d late
2022
18 d early
2021
30 d late
2020
88 d early
2019
25 d late
← 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 9 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€415,638▼ 11.3%
2023 · €468,660
Total assets
€849,081▼ 0.2%
2023 · €850,394
Net result
-€53,022
2023 · €125,150
Working capital
€236,481▼ 38.4%
2023 · €383,898
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€45,236€89,867€206,777▲ 130%€130,457▼ 36.9%-€46,243
Net result-€47,969€86,937€200,501▲ 131%€125,150▼ 37.6%-€53,022
Equity€126,072▼ 27.6%€213,009▲ 69.0%€413,510▲ 94.1%€468,660▲ 13.3%€415,638▼ 11.3%
Total assets€239,403▼ 32.7%€501,991▲ 110%€704,760▲ 40.4%€850,394▲ 20.7%€849,081▼ 0.2%
Debt€113,331▼ 37.6%€288,982▲ 155%€291,250▲ 0.8%€381,734▲ 31.1%€433,443▲ 13.5%
Working capital€103,786▼ 21.7%€261,376▲ 152%€371,220▲ 42.0%€383,898▲ 3.4%€236,481▼ 38.4%
Staff (FTE)6.6▼ 10.8%6.9▲ 4.5%8.5▲ 23.2%10.3▲ 21.2%12.7▲ 23.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €46,243 after €130,457 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €849,081
Fixed assets
€416,365 ▲ 81.7%
Current assets
€432,715 ▼ 30.3%
Equity and liabilities €849,081
Equity
€415,638 ▼ 11.3%
Debt
€433,443 ▲ 13.5%
Debt's share of the balance-sheet total rises from 44.9% to 51.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,651▼
2023 · €171,352
Cash flow
€871▼
2023 · €166,045
Current ratio
2.21▼
2023 · 2.62
Quick ratio
2.02▼
2023 · 2.51
Debt to equity
1.04▲
2023 · 0.81
ROE
-12.8%▼
2023 · 26.7%
ROA
-6.2%▼
2023 · 14.7%
Interest coverage
1.10▼
2023 · 45.45
Debt ≤ 1 year
€196,234▼
2023 · €237,361
Debt > 1 year
€237,209▲
2023 · €142,573
Income taxes
€15▼
2023 · €1,982
Staff costs
€574,722▲
2023 · €441,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,322 | - | - | - |
| Remuneration, social security and pensions62 | - | €116,783 | €345,811 | €441,532 | €574,722 | ▲ 30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,549 | €28,767 | €31,417 | €40,894 | €53,893 | ▲ 31.8% |
| Other operating charges640/8 | - | €1,550 | €8,451 | €8,195 | €1,853 | ▼ 77.4% |
| Gross operating margin9900 | €97,948 | €236,968 | €592,456 | €621,079 | €584,225 | ▼ 5.9% |
| Operating profit (loss)9901 | -€45,236 | €89,867 | €206,777 | €130,457 | -€46,243 | ▼ 135% |
| Financial income75/76B | - | €129 | €1,130 | €445 | €195 | ▼ 56.1% |
| Recurring financial income75 | €60 | €129 | €1,130 | €445 | €195 | ▼ 56.1% |
| Financial charges65/66B | - | €2,912 | €7,257 | €3,770 | €6,960 | ▲ 84.6% |
| Recurring financial charges65 | €2,648 | €2,912 | €7,257 | €3,770 | €6,960 | ▲ 84.6% |
| Profit (loss) for the period before taxes9903 | -€47,824 | €87,084 | €200,650 | €127,133 | -€53,007 | ▼ 142% |
| Income taxes67/77 | €145 | €146 | €149 | €1,982 | €15 | ▼ 99.3% |
| Profit (loss) for the period9904 | -€47,969 | €86,937 | €200,501 | €125,150 | -€53,022 | ▼ 142% |
| Profit (loss) for the period to be appropriated9905 | -€47,969 | €86,937 | €200,501 | €125,150 | -€53,022 | ▼ 142% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €239,403 | €501,991 | €704,760 | €850,394 | €849,081 | ▼ 0.2% |
| Fixed assets21/28 | €55,983 | €125,632 | €206,367 | €229,135 | €416,365 | ▲ 81.7% |
| Tangible fixed assets22/27 | €55,983 | €125,632 | €206,367 | €229,135 | €416,365 | ▲ 81.7% |
| Plant, machinery and equipment23 | - | €66,843 | €157,696 | €150,365 | €277,938 | ▲ 84.8% |
| Furniture and vehicles24 | - | €5,466 | - | €18,123 | €44,330 | ▲ 145% |
| Leasing and similar rights25 | - | €53,322 | €48,671 | €60,647 | €94,096 | ▲ 55.2% |
| Current assets29/58 | €183,420 | €376,359 | €498,394 | €621,259 | €432,715 | ▼ 30.3% |
| Stocks and contracts in progress3 | €16,577 | €11,475 | €18,789 | €26,536 | €35,629 | ▲ 34.3% |
| Stocks30/36 | - | €11,475 | €18,789 | €26,536 | €35,629 | ▲ 34.3% |
| Amounts receivable within one year40/41 | €44,692 | €73,093 | €245,278 | €184,851 | €149,265 | ▼ 19.3% |
| Trade receivables40 | - | €41,797 | €245,278 | €184,851 | €126,958 | ▼ 31.3% |
| Other amounts receivable41 | - | €31,296 | - | - | €22,308 | - |
| Cash at bank and in hand54/58 | €118,558 | €287,372 | €230,102 | €399,286 | €233,924 | ▼ 41.4% |
| Deferred charges and accrued income490/1 | - | €4,420 | €4,225 | €10,585 | €13,896 | ▲ 31.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €239,403 | €501,991 | €704,760 | €850,394 | €849,081 | ▼ 0.2% |
| Equity10/15 | €126,072 | €213,009 | €413,510 | €468,660 | €415,638 | ▼ 11.3% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Distributable reserves133 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €82,072 | €169,009 | €369,510 | €424,660 | €371,638 | ▼ 12.5% |
| Amounts payable17/49 | €113,331 | €288,982 | €291,250 | €381,734 | €433,443 | ▲ 13.5% |
| Amounts payable after more than one year17 | €33,698 | €173,999 | €164,077 | €142,573 | €237,209 | ▲ 66.4% |
| Financial debts170/4 | - | €33,999 | €24,077 | €30,573 | €52,784 | ▲ 72.6% |
| Other amounts payable178/9 | - | €140,000 | €140,000 | €112,000 | €184,425 | ▲ 64.7% |
| Amounts payable within one year42/48 | €79,634 | €114,983 | €127,174 | €237,361 | €196,234 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | - | €26,947 | €23,225 | €16,851 | €30,575 | ▲ 81.4% |
| Trade debts44 | €37,606 | €64,867 | €56,968 | €74,007 | €83,293 | ▲ 12.5% |
| Suppliers440/4 | - | €64,867 | €56,968 | €74,007 | €83,293 | ▲ 12.5% |
| Taxes, remuneration and social security45 | - | €22,847 | €43,039 | €74,427 | €80,404 | ▲ 8.0% |
| Taxes450/3 | - | €8,338 | €18,654 | €18,905 | €8,416 | ▼ 55.5% |
| Remuneration and social security454/9 | - | €14,509 | €24,384 | €55,522 | €71,988 | ▲ 29.7% |
| Other amounts payable47/48 | - | €322 | €3,942 | €72,076 | €1,961 | ▼ 97.3% |
| Accrued charges and deferred income492/3 | - | - | - | €1,800 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,969 | €86,937 | €200,501 | €125,150 | -€53,022 | ▼ 142% |
| + Depreciation and write-downs630 | €33,549 | €28,767 | €31,417 | €40,894 | €53,893 | ▲ 31.8% |
| Operating cash flow (approximation) | -€14,420 | €115,705 | €231,917 | €166,045 | €871 | ▼ 99.5% |
| Investment in fixed assets (approximation) | - | -€98,416 | -€112,151 | -€63,663 | -€241,123 | ▼ 279% |
| Change in cash | - | €168,814 | -€57,270 | €169,185 | -€165,362 | ▼ 198% |
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
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 72 days late
2024
31-12
Financial
Weakest financial yearnet -€53,022
Net result drops to -€53,022, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €200,501 ▲131%
Operating result €206,777, net result €200,501, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €86,937
Net result €86,937 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €213,009 ▲69%
Equity rises from €126,072 to €213,009.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Büllingen · 5 establishment units since 2014
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.
Schwarzenbach 14760 BüllingenGround area
3.2 ha
Building footprint
1.5 ha
Volume, LiDAR
140,314 m³
2 parcels, Flanders, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
5 establishment units
Belicious
since 20142.230.060.781
Belicious
since 20192.306.195.487
Belicious
since 20242.360.382.954
Belicious
since 20242.360.382.855
Ô Barrage
since 20262.387.260.862
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0046/00T000 | Flanders | 2.9 ha | 1 · 1.5 ha | 11.8 m · 3 fl. |
| 56013D0076/00H008 | Wallonia | 2,911 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 31,953 EUR awarded · 31,953 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 31,953 EUR | 31,953 EUR |
Recognitions · licences · registrations
Food safety, FASFC
4 sitesBütgenbach/Butgenbach2.360.382.855
Zaventem2.360.382.954
Froidchapelle2.387.260.862
Zaventem2.230.060.781
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,397 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
Founded25-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.