BLAISE
ActiveBLAISE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €164k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+8
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 3.14 in 2024), and 32% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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
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
68%
Return on assets
10.8%
Age of the figures
8 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
66 d early
2023
71 d early
2022
77 d early
2021
89 d early
2020
75 d early
2019
81 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€2.27M▼ 11.6%
2019 · €2.57M
2018: €2.78M
2019: €2.57M
2018 → 2020
EBIT margin
4.8%▼ 4.3pp
2019 · 9.1%
2018: 6.8%
2019: 9.1%
2018 → 2020
Net result
€164k▲ 5.6%
2024 · €155k
2018: €129k
2019: €161k
2020: €66k
2021: €22k
2022: €121k
2023: €193k
2024: €155k
2018 → 2025
Working capital
€952k▼ 5.5%
2024 · €1.01M
2018: €630k
2019: €730k
2020: €791k
2021: €807k
2022: €887k
2023: €885k
2024: €1.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€856k-€937k▲ 9.4%€972k▲ 3.8%€1.07M▲ 10.2%€1.03M▼ 4.0%
Operating result€38k-€184k▲ 381%€274k▲ 48.5%€230k▼ 15.9%€295k▲ 28.1%
Net result€22k-€121k▲ 460%€193k▲ 58.9%€155k▼ 19.6%€164k▲ 5.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.51M
Fixed assets
€78k▲ 13.5%
Current assets
€1.44M▼ 3.0%
Equity and liabilities €1.51M
Equity
€1.03M▼ 4.0%
Provisions
€1k▼ 68.1%
Debt
€483k▲ 2.5%
The debt ratio rises from 30.5% to 31.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€342k▲
2024 · €273k
Cash flow
€210k▲
2024 · €198k
Solvency
68.0%▼
2024 · 69.3%
Current ratio
2.97▼
2024 · 3.14
Quick ratio
2.55▼
2024 · 2.72
Debt / equity
0.47▲
2024 · 0.44
ROE
15.9%▲
2024 · 14.5%
ROA
10.8%▲
2024 · 10.0%
Interest coverage
120.79▲
2024 · 72.91
Debt
€483k▲
2024 · €472k
Debt ≤ 1 year
€483k▲
2024 · €471k
Income taxes
€133k▲
2024 · €77k
Staff costs
€28k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.55M€1.51M▼
Fixed assets21/28€68k€78k▲
Tangible fixed assets22/27€68k€78k▲
Land and buildings22€2k€956▼
Plant, machinery and equipment23€7k€43k▲
Furniture and vehicles24€38k€33k▼
Leasing and similar rights25€22k€903▼
Current assets29/58€1.48M€1.44M▼
Stocks and contracts in progress3€199k€205k▲
Stocks30/36€199k€205k▲
Amounts receivable within one year40/41€197k€239k▲
Trade receivables40€184k€225k▲
Other amounts receivable41€13k€13k▲
Cash at bank and in hand54/58€1.06M€958k▼
Deferred charges and accrued income490/1€24k€34k▲
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.51M▼
Equity10/15€1.07M€1.03M▼
Contributions10/11€7k€7k=
Reserves13€539k€558k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€6k-
Distributable reserves133€531k€556k▲
Profit (loss) carried forward14€525k€463k▼
Provisions and deferred taxes16€4k€1k▼
Deferred taxes168€4k€1k▼
Amounts payable17/49€472k€483k▲
Amounts payable within one year42/48€471k€483k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€297k€264k▼
Suppliers440/4€297k€264k▼
Taxes, remuneration and social security45€170k€218k▲
Taxes450/3€158k€212k▲
Remuneration and social security454/9€12k€6k▼
Other amounts payable47/48€1k€1k▼
Accrued charges and deferred income492/3€292-
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61-€2.45M
Remuneration, social security and pensions62€27k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€47k▲
Other operating charges640/8€8k€3k▼
Non-recurring operating charges66A€739-
Gross operating margin9900€309k€373k▲
Operating profit (loss)9901€230k€295k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€229k€294k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€77k€133k▲
Profit (loss) for the period9904€155k€164k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€161k€170k▲
Appropriation of the result
Profit (loss) to be appropriated9906€689k€695k▲
Profit (loss) brought forward from the previous period14P€528k€525k▼
Transfer from equity791/2€50k€145k▲
Transfer to equity691/2€161k€170k▲
To other reserves6921€161k€170k▲
Profit to be distributed694/7€53k€207k▲
Return on contributions (dividend)694€53k€207k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1MEq €1.07M ▲10.2%
7 profitable years in a row build equity to €1.07M.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €193k ▲58.9%
Net result €193k, the highest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €22k ▼67.4%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Couvin · 1 establishment unit since 1995
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.
Rue du Béguinage 405660 CouvinGround area
1,933 m²
Building footprint
208 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Place MicheL-Gouttier 8, 5660 Couvin
since 19952.072.131.123
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93014C0317/00F002 | Wallonia | 1,617 m² | 1 · 116 m² | - |
| 93014F0371/00B000 ProtectedSite or landscape |
Wallonia | 316 m² | 1 · 91 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 1,551 companies in sector 02200 we hold annual accounts for 448. 286 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-1995
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.