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BLADERBEELD

Active
Private limited companyfounded 2007active for 18 yearsPater Pirestraat 35, 2018 Antwerpen, BelgiumKBO/BCE: BE 0893.098.004
Summary

BLADERBEELD has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,825 and a net result of €23,302. Equity is growing by about 42% per year across the filed financial years. Its solvency ranks better than 25% of 21,064 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€24,825▼ 13.2%
2024 · €28,604
Total assets
€90,663▼ 5.3%
2024 · €95,780
Net result
€23,302▲ 118%
2024 · €10,712
Working capital
€3,675▼ 74.3%
2024 · €14,310
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 80% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€35,233 2025 Net result€23,302 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€391-€508€25,008▲ 4,822%€25,870▲ 3.4%€13,341▼ 48.4%€19,070▲ 42.9%€19,597▲ 2.8%€35,233▲ 79.8%
Net result-€9,125--€5,105▲ 44.1%€14,819within the sector's middle half€16,196within the sector's middle half▲ 9.3%€5,983within the sector's middle half▼ 63.1%€9,877within the sector's middle half▲ 65.1%€10,712within the sector's middle half▲ 8.5%€23,302within the sector's middle half▲ 118%
Equity-€23,877--€28,982▼ 21.4%-€14,163below the sector's middle half▲ 51.1%€2,033below the sector's middle half€8,015below the sector's middle half▲ 294%€17,893below the sector's middle half▲ 123%€28,604within the sector's middle half▲ 59.9%€24,825within the sector's middle half▼ 13.2%
Total assets€121,895-€121,312▼ 0.5%€118,416within the sector's middle half▼ 2.4%€117,014within the sector's middle half▼ 1.2%€106,824within the sector's middle half▼ 8.7%€97,068within the sector's middle half▼ 9.1%€95,780within the sector's middle half▼ 1.3%€90,663within the sector's middle half▼ 5.3%
Debt€145,772-€150,294▲ 3.1%€132,579▼ 11.8%€114,981▼ 13.3%€98,809▼ 14.1%€79,176▼ 19.9%€67,175▼ 15.2%€65,838▼ 2.0%
Working capital-€20,304--€16,588▲ 18.3%-€27,589below the sector's middle half▼ 66.3%-€13,332below the sector's middle half▲ 51.7%-€3,840below the sector's middle half▲ 71.2%€1,598below the sector's middle half€14,310within the sector's middle half▲ 796%€3,675below the sector's middle half▼ 74.3%
Solvency-19.6%--23.9%▼ 4.3pp-12.0%below the sector's middle half▲ 11.9pp1.7%below the sector's middle half▲ 13.7pp7.5%below the sector's middle half▲ 5.8pp18.4%below the sector's middle half▲ 10.9pp29.9%below the sector's middle half▲ 11.4pp27.4%within the sector's middle half▼ 2.5pp
Current ratio0.36-0.64▲ 0.290.49below the sector's middle half▼ 0.150.70below the sector's middle half▲ 0.210.89below the sector's middle half▲ 0.191.05below the sector's middle half▲ 0.161.72within the sector's middle half▲ 0.661.13below the sector's middle half▼ 0.59
Return on assets (ROA)-7.5%--4.2%▲ 3.3pp12.5%within the sector's middle half▲ 16.7pp13.8%within the sector's middle half▲ 1.3pp5.6%within the sector's middle half▼ 8.2pp10.2%within the sector's middle half▲ 4.6pp11.2%within the sector's middle half▲ 1.0pp25.7%within the sector's middle half▲ 14.5pp
above within below the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,663
Fixed assets €58,088 ▼ 5.5%
Current assets €32,575 ▼ 5.1%
Equity and liabilities €90,663
Equity €24,825 ▼ 13.2%
Debt €65,838 ▼ 2.0%
Debt's share of the balance-sheet total rises from 70.1% to 72.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€46,129▲
2024 · €30,754
Cash flow
€34,199▲
2024 · €21,869
Debt to equity
2.65▲
2024 · 2.35
ROE
93.9%▲
2024 · 37.4%
Interest coverage
21.23▲
2024 · 13.85
Debt ≤ 1 year
€28,900▲
2024 · €20,004
Debt > 1 year
€36,938▼
2024 · €45,778
Income taxes
€9,857▲
2024 · €6,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
95.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 5,053 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 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€95,780€90,663▼
Fixed assets21/28€61,466€58,088▼
Tangible fixed assets22/27€61,466€58,088▼
Land and buildings22€53,822€47,880▼
Plant, machinery and equipment23€1,033€2,648▲
Furniture and vehicles24€6,610€7,560▲
Current assets29/58€34,314€32,575▼
Amounts receivable within one year40/41€12,975€41▼
Trade receivables40€12,234-
Other amounts receivable41€741€41▼
Cash at bank and in hand54/58€21,339€32,534▲
Equity and liabilities
Total equity and liabilities10/49€95,780€90,663▼
Equity10/15€28,604€24,825▼
Contributions10/11€8,060€8,060=
Reserves13€84,668€80,889▼
Distributable reserves133€84,668€80,889▼
Profit (loss) carried forward14-€64,123-€64,123=
Amounts payable17/49€67,175€65,838▼
Amounts payable after more than one year17€45,778€36,938▼
Financial debts170/4€45,778€36,938▼
Amounts payable within one year42/48€20,004€28,900▲
Current portion of amounts payable after more than one year42€3,675€3,840▲
Financial debts43€4,069€1,126▼
Credit institutions430/8€4,069€1,126▼
Trade debts44€424€545▲
Suppliers440/4€424€545▲
Taxes, remuneration and social security45€9,700€13,005▲
Taxes450/3-€10,405
Remuneration and social security454/9€9,700€2,600▼
Other amounts payable47/48€2,135€10,384▲
Accrued charges and deferred income492/3€1,394-
Income statement Code20242025
Non-recurring operating income76A-€9,393
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,157€10,896▼
Other operating charges640/8€2,582€3,663▲
Gross operating margin9900€33,336€49,792▲
Operating profit (loss)9901€19,597€35,233▲
Financial income75/76B€26€99▲
Recurring financial income75€26€99▲
Financial charges65/66B€2,220€2,173▼
Recurring financial charges65€2,220€2,173▼
Profit (loss) for the period before taxes9903€17,402€33,159▲
Income taxes67/77€6,690€9,857▲
Profit (loss) for the period9904€10,712€23,302▲
Profit (loss) for the period to be appropriated9905€10,712€23,302▲
Appropriation of the result
Profit (loss) to be appropriated9906-€53,412-€40,821▲
Profit (loss) brought forward from the previous period14P-€64,123-€64,123=
Transfer from equity791/2-€27,081
Transfer to equity691/2€10,712€23,302▲
To other reserves6921€10,712€23,302▲
Profit to be distributed694/7-€27,081
Return on contributions (dividend)694-€27,081

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€9,393-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,181€22,578€10,855€11,958€11,013€11,343€11,157€10,896▼ 2.3%
Other operating charges640/8---€3,068€3,536€2,628€2,582€3,663▲ 41.9%
Gross operating margin9900€23,915€24,988€37,029€40,896€27,890€33,042€33,336€49,792▲ 49.4%
Operating profit (loss)9901-€391€508€25,008€25,870€13,341€19,070€19,597€35,233▲ 79.8%
Financial income75/76B---€114€61€0€26€99▲ 287%
Recurring financial income75€0-€11€114€61€0€26€99▲ 287%
Financial charges65/66B---€2,151€2,520€2,402€2,220€2,173▼ 2.1%
Recurring financial charges65€3,382€3,042€3,654€2,151€2,520€2,402€2,220€2,173▼ 2.1%
Profit (loss) for the period before taxes9903-€3,773-€2,534€21,365€23,833€10,883€16,668€17,402€33,159▲ 90.5%
Income taxes67/77€5,352€2,571€6,546€7,637€4,900€6,791€6,690€9,857▲ 47.3%
Profit (loss) for the period9904-€9,125-€5,105€14,819€16,196€5,983€9,877€10,712€23,302▲ 118%
Profit (loss) for the period to be appropriated9905-€9,125-€5,105€14,819€16,196€5,983€9,877€10,712€23,302▲ 118%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€121,895€121,312€118,416€117,014€106,824€97,068€95,780€90,663▼ 5.3%
Fixed assets21/28€110,519€91,262€91,588€85,840€74,827€65,748€61,466€58,088▼ 5.5%
Tangible fixed assets22/27€110,519€91,262€91,588€85,840€74,827€65,748€61,466€58,088▼ 5.5%
Land and buildings22---€69,919€63,096€56,272€53,822€47,880▼ 11.0%
Plant, machinery and equipment23---€1,421€1,292€1,163€1,033€2,648▲ 156%
Furniture and vehicles24---€14,500€10,439€8,313€6,610€7,560▲ 14.4%
Current assets29/58€11,376€30,050€26,828€31,174€31,997€31,320€34,314€32,575▼ 5.1%
Amounts receivable within one year40/41€9,549€26,939€25,479€15,488€31,243€29,965€12,975€41▼ 99.7%
Trade receivables40---€15,317€29,103€28,706€12,234--
Other amounts receivable41---€170€2,140€1,259€741€41▼ 94.4%
Cash at bank and in hand54/58€20€1,986€1,349€13,032-€913€21,339€32,534▲ 52.5%
Deferred charges and accrued income490/1---€2,654€754€442---
Equity and liabilities
Total equity and liabilities10/49€121,895€121,312€118,416€117,014€106,824€97,068€95,780€90,663▼ 5.3%
Equity10/15-€23,877-€28,982-€14,163€2,033€8,015€17,893€28,604€24,825▼ 13.2%
Contributions10/11€6,200€6,200-€6,200€6,200€8,060€8,060€8,060=
Reserves13€28,941€28,941€43,760€59,956€65,939€73,956€84,668€80,889▼ 4.5%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€58,096€64,079€73,956€84,668€80,889▼ 4.5%
Profit (loss) carried forward14-€59,019-€64,123-€64,123-€64,123-€64,123-€64,123-€64,123-€64,123=
Amounts payable17/49€145,772€150,294€132,579€114,981€98,809€79,176€67,175€65,838▼ 2.0%
Amounts payable after more than one year17€113,517€103,036€78,162€70,475€62,971€49,454€45,778€36,938▼ 19.3%
Financial debts170/4---€70,475€62,971€49,454€45,778€36,938▼ 19.3%
Amounts payable within one year42/48€31,680€46,638€54,417€44,506€35,838€29,722€20,004€28,900▲ 44.5%
Current portion of amounts payable after more than one year42---€7,575€3,367€8,518€3,675€3,840▲ 4.5%
Financial debts43---€735€2,871€3,877€4,069€1,126▼ 72.3%
Credit institutions430/8---€735€915€3,877€4,069€1,126▼ 72.3%
Other loans439----€1,956----
Trade debts44-€1,083€353€1,474€480€3,020€424€545▲ 28.5%
Suppliers440/4---€1,474€480€3,020€424€545▲ 28.5%
Taxes, remuneration and social security45---€10,270€6,742€6,075€9,700€13,005▲ 34.1%
Taxes450/3---€7,970€4,442€3,775-€10,405-
Remuneration and social security454/9---€2,300€2,300€2,300€9,700€2,600▼ 73.2%
Other amounts payable47/48---€24,453€22,377€8,232€2,135€10,384▲ 386%
Accrued charges and deferred income492/3------€1,394--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€9,125-€5,105€14,819€16,196€5,983€9,877€10,712€23,302▲ 118%
+ Depreciation and write-downs630€22,181€22,578€10,855€11,958€11,013€11,343€11,157€10,896▼ 2.3%
Operating cash flow (approximation)€13,056€17,473€25,674€28,153€16,996€21,220€21,869€34,199▲ 56.4%
Investment in fixed assets (approximation)--€3,321-€11,180-€6,210€0-€2,265-€6,875-€7,519▼ 9.4%
Change in cash-€1,966-€637€11,683--€20,425€11,195▼ 45.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 05-07-2026 2026-00252850
31-12-2024 micro format 22-07-2025 2025-00293307
31-12-2023 micro format 26-06-2024 2024-00162347
31-12-2022 micro format 26-06-2023 2023-00161343
31-12-2021 micro format 11-07-2022 2022-20168098
31-12-2020 micro format 02-07-2021 2021-32300484
31-12-2019 micro format 06-07-2020 2020-26900310
31-12-2018 micro format 19-07-2019 2019-38100196
31-12-2017 micro format 31-08-2018 2018-59300391
31-12-2016 micro format 21-08-2017 2017-45300574

Show all 18 filings

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Of the 16,995 active companies whose main activity is computer programming (NACE 62100), figures are known for 8,924. 6,254 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.