Summary
BLANCO BLAD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €608,910 and a net result of €125,720. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 5651 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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
23 d late
2024
49 d late
2023
63 d late
2022
20 d late
2021
130 d late
2020
61 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 18 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Lennik, Finance and insurance sector#7 company by total assets in Lennik, Finance and insurance sector#10 oldest company in Lennik, Finance and insurance sector
Equity
€608,910▼ 9.5%
2024 · €672,664
Net result
€125,720▼ 34.8%
2024 · €192,949
Total assets
€697,454▼ 12.1%
2024 · €793,404
Solvency
87.3%▲ 2.5pp
2024 · 84.8%
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 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€133,054▲ 310%€31,876▼ 76.0%€50,730▲ 59.1%€294,435▲ 480%€187,912▼ 36.2%
Net result€97,729within the sector's middle half▲ 407%€17,717within the sector's middle half▼ 81.9%€30,335within the sector's middle half▲ 71.2%€192,949within the sector's middle half▲ 536%€125,720within the sector's middle half▼ 34.8%
Equity€569,900within the sector's middle half▲ 16.8%€514,155within the sector's middle half▼ 9.8%€479,715within the sector's middle half▼ 6.7%€672,664within the sector's middle half▲ 40.2%€608,910within the sector's middle half▼ 9.5%
Total assets€620,308within the sector's middle half▲ 23.6%€590,427below the sector's middle half▼ 4.8%€576,492below the sector's middle half▼ 2.4%€793,404within the sector's middle half▲ 37.6%€697,454within the sector's middle half▼ 12.1%
Debt€50,408▲ 261%€76,272▲ 51.3%€96,777▲ 26.9%€120,740▲ 24.8%€88,544▼ 26.7%
Working capital€473,230above the sector's middle half▲ 15.3%€418,898above the sector's middle half▼ 11.5%€388,097above the sector's middle half▼ 7.4%€574,075above the sector's middle half▲ 47.9%€492,451above the sector's middle half▼ 14.2%
Solvency91.9%above the sector's middle half▼ 5.3pp87.1%above the sector's middle half▼ 4.8pp83.2%above the sector's middle half▼ 3.9pp84.8%above the sector's middle half▲ 1.6pp87.3%above the sector's middle half▲ 2.5pp
Current ratio10.77above the sector's middle half▼ 22.156.80above the sector's middle half▼ 3.975.09above the sector's middle half▼ 1.715.88above the sector's middle half▲ 0.796.56above the sector's middle half▲ 0.68
Return on assets (ROA)15.8%above the sector's middle half▲ 11.9pp3.0%within the sector's middle half▼ 12.8pp5.3%within the sector's middle half▲ 2.3pp24.3%above the sector's middle half▲ 19.1pp18.0%above the sector's middle half▼ 6.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €697,454
Fixed assets
€116,459 ▲ 14.6%
Current assets
€580,995 ▼ 16.0%
Equity and liabilities €697,454
Equity
€608,910 ▼ 9.5%
Debt
€88,544 ▼ 26.7%
Debt's share of the balance-sheet total falls from 15.2% to 12.7%. Equity and debt are lower.
Key figures and ratios
ROE
20.6%▼
2024 · 28.7%
Debt ≤ 1 year
€88,544▼
2024 · €117,678
Income taxes
€62,219▼
2024 · €99,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,511 | €12,541 | €10,171 | €7,022 | €12,331 | ▲ 75.6% |
| Other operating charges640/8 | €1,569 | €2,684 | €1,145 | €4,660 | €1,812 | ▼ 61.1% |
| Non-recurring operating charges66A | - | €555 | - | - | - | - |
| Gross operating margin9900 | €153,134 | €47,656 | €62,046 | €306,117 | €202,055 | ▼ 34.0% |
| Operating profit (loss)9901 | €133,054 | €31,876 | €50,730 | €294,435 | €187,912 | ▼ 36.2% |
| Financial income75/76B | €12,670 | - | - | - | €1,105 | - |
| Recurring financial income75 | €12,670 | - | - | - | €1,105 | - |
| Non-recurring financial income76B | €12,670 | - | - | - | - | - |
| Financial charges65/66B | €667 | €1,399 | €1,911 | €1,953 | €1,078 | ▼ 44.8% |
| Recurring financial charges65 | €667 | €1,399 | €1,911 | €1,953 | €1,078 | ▼ 44.8% |
| Profit (loss) for the period before taxes9903 | €145,057 | €30,477 | €48,819 | €292,482 | €187,939 | ▼ 35.7% |
| Income taxes67/77 | €47,328 | €12,760 | €18,484 | €99,533 | €62,219 | ▼ 37.5% |
| Profit (loss) for the period9904 | €97,729 | €17,717 | €30,335 | €192,949 | €125,720 | ▼ 34.8% |
| Profit (loss) for the period to be appropriated9905 | €97,729 | €17,717 | €30,335 | €192,949 | €125,720 | ▼ 34.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620,308 | €590,427 | €576,492 | €793,404 | €697,454 | ▼ 12.1% |
| Fixed assets21/28 | €98,636 | €99,334 | €93,557 | €101,651 | €116,459 | ▲ 14.6% |
| Tangible fixed assets22/27 | €96,636 | €97,334 | €91,557 | €99,651 | €114,459 | ▲ 14.9% |
| Land and buildings22 | €29,784 | €29,147 | €28,511 | €27,875 | €27,239 | ▼ 2.3% |
| Plant, machinery and equipment23 | €3,729 | €4,811 | €3,026 | €4,764 | €14,074 | ▲ 195% |
| Furniture and vehicles24 | €27,390 | €27,309 | €23,817 | €31,267 | €35,041 | ▲ 12.1% |
| Other tangible fixed assets26 | €35,733 | €36,067 | €36,203 | €35,745 | €38,105 | ▲ 6.6% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €521,672 | €491,093 | €482,935 | €691,753 | €580,995 | ▼ 16.0% |
| Amounts receivable within one year40/41 | €122,716 | €69,018 | €64,175 | €54,642 | €25,000 | ▼ 54.2% |
| Trade receivables40 | €70,999 | €67,852 | €60,358 | €54,642 | €25,000 | ▼ 54.2% |
| Other amounts receivable41 | €51,717 | €1,166 | €3,817 | - | - | - |
| Cash at bank and in hand54/58 | €398,956 | €422,075 | €418,760 | €637,111 | €555,995 | ▼ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620,308 | €590,427 | €576,492 | €793,404 | €697,454 | ▼ 12.1% |
| Equity10/15 | €569,900 | €514,155 | €479,715 | €672,664 | €608,910 | ▼ 9.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €553,086 | €497,341 | €462,901 | €655,850 | €592,096 | ▼ 9.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €551,226 | €495,481 | €462,901 | €655,850 | €592,096 | ▼ 9.7% |
| Profit (loss) carried forward14 | €4,414 | €4,414 | €4,414 | €4,414 | €4,414 | = |
| Amounts payable17/49 | €50,408 | €76,272 | €96,777 | €120,740 | €88,544 | ▼ 26.7% |
| Amounts payable within one year42/48 | €48,442 | €72,195 | €94,838 | €117,678 | €88,544 | ▼ 24.8% |
| Trade debts44 | €1,115 | €1,677 | €3,879 | - | €2,792 | - |
| Suppliers440/4 | €1,115 | €1,677 | €3,879 | - | €2,792 | - |
| Taxes, remuneration and social security45 | €47,327 | €60,087 | €18,484 | €100,287 | €60,294 | ▼ 39.9% |
| Taxes450/3 | €47,327 | €60,087 | €18,484 | €100,287 | €60,294 | ▼ 39.9% |
| Other amounts payable47/48 | - | €10,431 | €72,475 | €17,391 | €25,458 | ▲ 46.4% |
| Accrued charges and deferred income492/3 | €1,966 | €4,077 | €1,939 | €3,062 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,729 | €17,717 | €30,335 | €192,949 | €125,720 | ▼ 34.8% |
| + Depreciation and write-downs630 | €18,511 | €12,541 | €10,171 | €7,022 | €12,331 | ▲ 75.6% |
| Operating cash flow (approximation) | €116,240 | €30,258 | €40,506 | €199,971 | €138,051 | ▼ 31.0% |
| Investment in fixed assets (approximation) | - | -€13,239 | -€4,394 | -€15,116 | -€27,139 | ▼ 79.5% |
| Change in cash | - | €23,119 | -€3,315 | €218,351 | -€81,116 | ▼ 137% |
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
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
31-12
Financial
Highest result since 2018net €192,949 ▲536%
Operating result €294,435, net result €192,949, both a record.
31-12
Financial
Equity above €500,000Eq €672,664 ▲40.2%
7 profitable years in a row build equity to €672,664.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 63 days late
2023
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 20 days late
2022
31-12
Financial
Weakest financial yearnet €17,717 ▼81.9%
Net result drops to €17,717, the lowest in the series; recovery starts the following year.
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 130 days late
2021
31-12
Financial
Equity above €500,000Eq €569,900 ▲16.8%
4 profitable years in a row build equity to €569,900.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
30-07
State Gazette act
General meeting · Director appointment
Permanent representative
31-05
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
Show earlier events
2020
31-12
Financial
Liquidity times 7current ratio 32.92
Current ratio from 4.91 to 32.92; short-term debt falls from €110,862 to €12,853.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 86 days late
2018
11-10
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
08-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 39 days late
31-01
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 39 days late
2015
12-03
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lennik · 1 establishment unit since 2009
Ground area
9,482 m²
Building footprint
622 m²
Volume, LiDAR
3,843 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Blanco Blad
since 20092.182.874.538
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23072D0075/00D000 | Flanders | 7,812 m² | 1 · 380 m² | 9.0 m · 2 fl. |
| 23091C0525/00B002 | Flanders | 1,670 m² | 1 · 243 m² | 8.0 m · 2 fl. |
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.
Structure & network
Connections & network
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
3 locations
2 locations
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 13,481 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819657423
Also
9925:BE0819657423
Registered
17-12-2025
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.