BLAKE & PARTNERS

Bankruptcy

Private limited companyfounded 2006Koningin Astridplein 41-42, 2018 Antwerpen, BelgiumKBO/BCE: BE 0883.621.795

The KBO register records for BLAKE & PARTNERS the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €1.59M and a net result of €-2.76M.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-10-2024, 65 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 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

65 d late

2022

247 d late

2021

222 d late

2020

101 d late

2019

62 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

€35.37M▼ 4.7%

2022 · €37.12M

2020: €17.95M 2021: €23.82M 2022: €37.12M

2020 → 2023

EBIT margin

-1.3%▼ 10.5pp

2022 · 9.2%

2020: 4.2% 2021: 6.0% 2022: 9.2%

2020 → 2023

Net result

€-2.76M

2022 · €2.10M

2018: €864k 2019: €341k 2020: €-93k 2021: €817k 2022: €2.10M

2018 → 2023

Working capital

€3.82M▼ 4.2%

2022 · €3.99M

2018: €723k 2019: €916k 2020: €522k 2021: €628k 2022: €3.99M

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€17.95M€23.82M▲ 32.7%€37.12M▲ 55.8%€35.37M▼ 4.7%

Equity€2.03M-€1.43M▼ 29.3%€2.25M▲ 57.0%€4.35M▲ 93.4%€1.59M▼ 63.5%

Operating result€1.10M-€746k▼ 32.0%€1.43M▲ 92.3%€3.41M▲ 138%€-450k

Net result€341k-€-93k€817k€2.10M▲ 157%€-2.76M

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2023: a loss of €450k after €3.41M in 2022, the lowest result in the available series.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €12.52M

95.5%

Fixed assets €565k▼ 13.1%

Current assets €11.95M▲ 7.0%

Equity and liabilities €12.52M

12.7%

17.2%

70.1%

Equity €1.59M▼ 63.5%

Provisions €2.16M

Debt €8.78M▲ 17.5%

The debt ratio rises from 63.2% to 70.1%. Equity is lower and debt is higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-347k▼

2022 · €3.51M

Cash flow

€-2.66M▼

2022 · €2.21M

Solvency

12.7%▼

2022 · 36.8%

Current ratio

1.47▼

2022 · 1.55

Quick ratio

1.47▼

2022 · 1.55

Debt / equity

5.52▲

2022 · 1.72

ROE

-173.9%▼

2022 · 48.3%

ROA

-22.1%▼

2022 · 17.8%

Interest coverage

-5.02▼

2022 · 19.88

Debt

€8.78M▲

2022 · €7.47M

Debt ≤ 1 year

€8.14M▲

2022 · €7.18M

Income taxes

€54k▼

2022 · €916k

Staff costs

€7.43M▼

2022 · €8.49M

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 · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€11.82M€12.52M▲

Fixed assets21/28€650k€565k▼

Intangible fixed assets21€4k€3k▼

Tangible fixed assets22/27€418k€333k▼

Plant, machinery and equipment23€26k€27k▲

Furniture and vehicles24€49k€22k▼

Other tangible fixed assets26€343k€284k▼

Financial fixed assets28€228k€228k=

Affiliated companies280/1€1€1=

Participating interests280€1€1=

Other financial fixed assets284/8€228k€228k=

Amounts receivable and cash guarantees285/8€228k€228k=

Current assets29/58€11.17M€11.95M▲

Amounts receivable within one year40/41€10.23M€11.37M▲

Trade receivables40€10.14M€9.06M▼

Other amounts receivable41€93k€2.32M▲

Current investments50/53€544€544=

Other investments51/53€544€544=

Cash at bank and in hand54/58€839k€465k▼

Deferred charges and accrued income490/1€96k€114k▲

Equity and liabilities

Total equity and liabilities10/49€11.82M€12.52M▲

Equity10/15€4.35M€1.59M▼

Contributions10/11€212k€212k=

Reserves13€22k€22k=

Non-distributable reserves130/1€22k€22k=

Reserves not available under the articles1311€22k€22k=

Profit (loss) carried forward14€4.12M€1.35M▼

Provisions and deferred taxes16-€2.16M

Provisions for liabilities and charges160/5-€2.16M

Other liabilities and charges164/5-€2.16M

Amounts payable17/49€7.47M€8.78M▲

Amounts payable within one year42/48€7.18M€8.14M▲

Financial debts43€1.14M-

Other loans439€1.14M-

Trade debts44€2.34M€4.64M▲

Suppliers440/4€2.34M€4.64M▲

Taxes, remuneration and social security45€3.68M€2.92M▼

Taxes450/3€1.66M€1.15M▼

Remuneration and social security454/9€2.03M€1.78M▼

Other amounts payable47/48€21k€571k▲

Accrued charges and deferred income492/3€286k€639k▲

Income statement Code20222023

Operating income70/76A€37.89M€36.07M▼

Turnover70€37.12M€35.37M▼

Other operating income74€385k€380k▼

Non-recurring operating income76A€391k€322k▼

Operating charges60/66A€34.48M€36.52M▲

Goods for resale, raw materials and consumables60€19.72M€21.52M▲

Purchases600/8€19.72M€21.52M▲

Services and other goods61€4.89M€5.62M▲

Remuneration, social security and pensions62€8.49M€7.43M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€102k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1.06M€-569k▼

Other operating charges640/8€219k€259k▲

Non-recurring operating charges66A-€2.16M

Operating profit (loss)9901€3.41M€-450k▼

Financial income75/76B€15k€22k▲

Recurring financial income75€15k€22k▲

Income from current assets751€3k-

Other financial income752/9€12k€22k▲

Financial charges65/66B€405k€2.28M▲

Recurring financial charges65€330k€2.27M▲

Debt charges650€177k€69k▼

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€40€2.16M▲

Other financial charges652/9€154k€38k▼

Non-recurring financial charges66B€75k€10k▼

Profit (loss) for the period before taxes9903€3.02M€-2.71M▼

Income taxes67/77€916k€54k▼

Taxes670/3€916k€54k▼

Profit (loss) for the period9904€2.10M€-2.76M▼

Profit (loss) for the period to be appropriated9905€2.10M€-2.76M▼

Appropriation of the result

Profit (loss) to be appropriated9906€4.12M€1.35M▼

Profit (loss) brought forward from the previous period14P€2.02M€4.12M▲

Social balance

Average headcount (FTE)908777.277.6▲

The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Signals 1Financial 5Filings 10

2024

04-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 65 days late

16-08

Judicial reorganisation Opening

Ondernemingsrechtbank Antwerpen · amiable · event 08-08-2024

03-04

NBB filing Annual accounts filed

fiscal year 2022 · unclassified schema · 247 days late

2023

31-12

Financial Weakest financial yearnet €-2.76M ▼231%

Net result drops to €-2.76M, the lowest in the series.

10-03

NBB filing Annual accounts filed

fiscal year 2021 · unclassified schema · 222 days late

2022

31-12

Financial Highest result since 2018net €2.10M ▲157%

Operating result €3.41M, net result €2.10M, both a record.

2021

31-12

Financial Back to profitnet €817k

Net result €817k after one loss-making year.

31-12

Financial Equity above €2MEq €2.25M ▲57%

Equity rises from €1.43M to €2.25M.

09-11

NBB filing Annual accounts filed

fiscal year 2020 · unclassified schema · 101 days late

2020

01-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 62 days late

2019

31-12

Financial Equity above €2MEq €2.03M ▲20.2%

2 profitable years in a row build equity to €2.03M.

08-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 69 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 31 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

2016

05-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

31-08

NBB filing Annual accounts filed

fiscal year 2014 · full schema · 31 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 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, Antwerpen · 4 establishment units since 2006

establishment All 4 establishment units on the map

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.

Koningin Astridplein 41-422018 Antwerpen

Ground area

8,421 m²

Building footprint

3,210 m²

Volume, LiDAR

70,482 m³

4 parcels, Brussels, Flanders · tallest building 37.0 m, ±8 floors. Linked by address, not a title deed.

4 establishment units

BLAKE & PARTNERS

Kouter 1, 9000 GentEmployment placement agencies

since 20062.157.893.474

BLAKE & PARTNERS

Italiëlei 3, 2000 AntwerpenEmployment placement agencies

since 20122.207.141.463

Blake & Partners

Pleinlaan 17, 1050 ElseneEmployment placement agencies

since 20192.287.239.511

BLAKE & PARTNERS

Koningin Astridplein 41-42, 2018 AntwerpenEmployment placement agencies

since 20242.362.745.497

4 parcels

Flanders 3 (75%) Brussels 1 (25%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21445C0281/00S008	Brussels	6,782 m²	1 · 1,582 m²	37.0 m · 8 fl.
11807G1307/00B006	Flanders	713 m²	1 · 700 m²	27.0 m · 8 fl.
11808H1258/00E003	Flanders	697 m²	1 · 697 m²	26.8 m · 6 fl.
44803C0833/00D000	Flanders	229 m²	1 · 231 m²	26.2 m · 8 fl.