BLAES SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of BLAES SERVICES is 3.0% (moderate). For BLAES SERVICES, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show negative equity (-€120,273) and a net result of €4,000. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 23155 sector peers (fiscal year 2022). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability76▼-7
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2022Solvency, return and age of the figures
Solvency
-185.3%
Return on assets
6.2%
Age of the figures
45 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 15-05-2026, 1019 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
1019 d late
2021
31 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 293 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Turnover
€161,356
EBIT margin
1.2%
Net result
€4,000▼ 60.0%
2021 · €9,990
Working capital
-€129,300▲ 2.2%
2021 · -€132,268
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€161,356-
Operating result€1,969-€11,975€4,818▼ 59.8%
Net result€1,337-€9,990within the sector's middle half€4,000within the sector's middle half▼ 60.0%
EBIT margin1.2%-
Equity-€135,216--€135,216=-€135,216below the sector's middle half=-€124,273below the sector's middle half▲ 8.1%-€120,273below the sector's middle half▲ 3.2%
Total assets€98,205-€98,205=€98,205within the sector's middle half=€87,802within the sector's middle half▼ 10.6%€64,893within the sector's middle half▼ 26.1%
Debt€233,421-€233,421=€233,421=€212,075▼ 9.1%€185,166▼ 12.7%
Working capital-€103,003--€103,003=-€103,003below the sector's middle half=-€132,268below the sector's middle half▼ 28.4%-€129,300below the sector's middle half▲ 2.2%
Solvency-137.7%--137.7%=-137.7%below the sector's middle half=-141.5%below the sector's middle half▼ 3.8pp-185.3%below the sector's middle half▼ 43.8pp
Current ratio0.48-0.48=0.48below the sector's middle half=0.38below the sector's middle half▼ 0.110.30below the sector's middle half▼ 0.07
Return on assets (ROA)1.4%-11.4%within the sector's middle half6.2%within the sector's middle half▼ 5.2pp
Staff (FTE)2-
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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
The operating result falls in 2022; 2022 is 60% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €64,893
Fixed assets
€9,027 ▲ 12.9%
Current assets
€55,866 ▼ 30.0%
Equity and liabilities
Equity-€120,273
Debt€185,166
Equity is negative: debt (€185,166) exceeds the balance-sheet total (€64,893).
Key figures and ratios
EBITDA
€8,331▼
2021 · €18,058
Cash flow
€7,513▼
2021 · €16,072
Quick ratio
0.14▲
2021 · 0.06
Interest coverage
10.18▲
2021 · 9.09
Debt ≤ 1 year
€185,166▼
2021 · €212,075
Staff costs
€57,284▼
2021 · €60,637
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €161,356 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €60,637 | €57,284 | ▼ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,779 | - | - | €6,083 | €3,513 | ▼ 42.2% |
| Other operating charges640/8 | - | - | - | €1,106 | €2,371 | ▲ 114% |
| Gross operating margin9900 | €51,568 | - | - | €79,801 | €67,986 | ▼ 14.8% |
| Operating profit (loss)9901 | €1,969 | - | - | €11,975 | €4,818 | ▼ 59.8% |
| Financial income75/76B | - | - | - | €0 | €0 | ▲ 100% |
| Recurring financial income75 | €433 | - | - | €0 | €0 | ▲ 100% |
| Financial charges65/66B | - | - | - | €1,986 | €818 | ▼ 58.8% |
| Recurring financial charges65 | €1,065 | - | - | €1,986 | €818 | ▼ 58.8% |
| Profit (loss) for the period before taxes9903 | €1,337 | - | - | €9,990 | €4,000 | ▼ 60.0% |
| Profit (loss) for the period9904 | €1,337 | - | - | €9,990 | €4,000 | ▼ 60.0% |
| Profit (loss) for the period to be appropriated9905 | €1,337 | - | - | €9,990 | €4,000 | ▼ 60.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,205 | €98,205 | €98,205 | €87,802 | €64,893 | ▼ 26.1% |
| Fixed assets21/28 | €2,140 | €2,140 | €2,140 | €7,995 | €9,027 | ▲ 12.9% |
| Intangible fixed assets21 | €270 | €270 | €270 | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €6,125 | €7,157 | ▲ 16.9% |
| Furniture and vehicles24 | - | - | - | €6,125 | €7,157 | ▲ 16.9% |
| Financial fixed assets28 | €1,870 | €1,870 | €1,870 | €1,870 | €1,870 | = |
| Current assets29/58 | €96,065 | €96,065 | €96,065 | €79,807 | €55,866 | ▼ 30.0% |
| Stocks and contracts in progress3 | €78,752 | €78,752 | €78,752 | €67,054 | €29,592 | ▼ 55.9% |
| Stocks30/36 | - | - | - | €67,054 | €29,592 | ▼ 55.9% |
| Amounts receivable within one year40/41 | €15,450 | €15,450 | €15,450 | €2,540 | €3,347 | ▲ 31.8% |
| Trade receivables40 | - | - | - | €2,540 | €3,347 | ▲ 31.8% |
| Cash at bank and in hand54/58 | €1,863 | €1,863 | €1,863 | €6,813 | €1,218 | ▼ 82.1% |
| Deferred charges and accrued income490/1 | - | - | - | €3,400 | €21,709 | ▲ 539% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,205 | €98,205 | €98,205 | €87,802 | €64,893 | ▼ 26.1% |
| Equity10/15 | -€135,216 | -€135,216 | -€135,216 | -€124,273 | -€120,273 | ▲ 3.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€153,808 | -€153,808 | -€153,808 | -€142,865 | -€138,865 | ▲ 2.8% |
| Amounts payable17/49 | €233,421 | €233,421 | €233,421 | €212,075 | €185,166 | ▼ 12.7% |
| Amounts payable within one year42/48 | €199,068 | €199,068 | €199,068 | €212,075 | €185,166 | ▼ 12.7% |
| Financial debts43 | - | - | - | - | €2,880 | - |
| Credit institutions430/8 | - | - | - | - | €2,880 | - |
| Trade debts44 | €6,599 | €6,599 | €6,599 | €20,741 | €8,946 | ▼ 56.9% |
| Suppliers440/4 | - | - | - | €20,741 | €8,946 | ▼ 56.9% |
| Taxes, remuneration and social security45 | - | - | - | €602 | €7,386 | ▲ 1,127% |
| Taxes450/3 | - | - | - | €602 | €7,386 | ▲ 1,127% |
| Other amounts payable47/48 | - | - | - | €190,732 | €165,954 | ▼ 13.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,337 | - | - | €9,990 | €4,000 | ▼ 60.0% |
| + Depreciation and write-downs630 | €1,779 | - | - | €6,083 | €3,513 | ▼ 42.2% |
| Operating cash flow (approximation) | €3,115 | - | - | €16,072 | €7,513 | ▼ 53.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,938 | -€4,545 | ▲ 61.9% |
| Change in cash | - | €0 | €0 | €4,950 | -€5,595 | ▼ 213% |
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
2026
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1019 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €9,990 ▲647%
Operating result €11,975, net result €9,990, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 21 days late
2014
01-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1997
Ground area
72 m²
Parcel 21809K1310/00N000, Brussels. Linked by address, not a title deed.
1 establishment unit
Blaes Services
since 19972.081.282.577
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K1310/00N000 | Brussels | 71 m² | - | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,435 companies in this sector we hold annual accounts for 457. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47791Retail sale of antiques
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457857816
Also
9925:BE0457857816
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.