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Blandes

Active
Private limited companyfounded 198244 yrs activePatersstraat 28, 8900 Ieper, BelgiumKBO/BCE: BE 0423.282.957
Summary

The annual accounts of Blandes for fiscal year 2025 show a net loss of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €312 and a net result of -€2,799. Equity is shrinking by ~28.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency26▼-7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.17 against 0.33 in 2024; short-term debt: 95.7% and cash: 16.7% of total assets), and 99.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 44 years 0 50 y
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 2025
Solvency, return and age of the figures
Solvency
0.8%
Return on assets
-7.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,799
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 39 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 28 September 1982, Blandes was incorporated.1 Total assets went from EUR 57,880 in 2018 to EUR 39,541 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€312▼ 90.0%
2024 · €3,112
Total assets
€39,541▲ 1.4%
2024 · €39,003
Net result
-€2,799▲ 63.3%
2024 · -€7,638
Working capital
-€31,231▼ 35.9%
2024 · -€22,987
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€7,421▼ 47.6%-€7,870▼ 6.1%-€9,039▼ 14.8%-€7,595▲ 16.0%-€2,754▲ 63.7%
Net result-€7,446▼ 46.7%-€7,909▼ 6.2%-€9,078▼ 14.8%-€7,638▲ 15.9%-€2,799▲ 63.3%
Equity€27,737▼ 21.2%€19,827▼ 28.5%€10,750▼ 45.8%€3,112▼ 71.1%€312▼ 90.0%
Total assets€47,128▼ 3.2%€43,218▼ 8.3%€42,141▼ 2.5%€39,003▼ 7.4%€39,541▲ 1.4%
Debt€19,391▲ 43.6%€23,391▲ 20.6%€31,391▲ 34.2%€35,891▲ 14.3%€39,229▲ 9.3%
Working capital-€8,251▼ 1,058%-€12,317▼ 49.3%-€18,347▼ 48.9%-€22,987▼ 25.3%-€31,231▼ 35.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€7,421-€7,421Net result 2021: -€7,446-€7,446Operating result 2022: -€7,870-€7,870Net result 2022: -€7,909-€7,909Operating result 2023: -€9,039-€9,039Net result 2023: -€9,078-€9,078Operating result 2024: -€7,595-€7,595Net result 2024: -€7,638-€7,638Operating result 2025: -€2,754-€2,754Net result 2025: -€2,799-€2,79920212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€9,039-€9,040Net result 2023: -€9,078-€9,080Operating result 2024: -€7,595-€7,590Net result 2024: -€7,638-€7,640Operating result 2025: -€2,754-€2,750Net result 2025: -€2,799-€2,800202320242025
The operating result stays negative: a loss of €2,754 in 2025 against €7,595 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,541
Fixed assets €32,943 ▲ 19.8%
Current assets €6,598 ▼ 42.6%
Equity and liabilities €39,541
Equity €312 ▼ 90.0%
Debt €39,229 ▲ 9.3%
Debt's share of the balance-sheet total rises from 92.0% to 99.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,523▲
2024 · -€4,547
Cash flow
-€1,568▲
2024 · -€4,590
Current ratio
0.17▼
2024 · 0.33
ROA
-7.1%▲
2024 · -19.6%
Interest coverage
-33.84▲
2024 · -104.52
Debt ≤ 1 year
€37,829▲
2024 · €34,491
Equity ratios withheld: equity of €312 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a small loss
2.3% went bankrupt
4.5% stopped otherwise
93% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% 1.9%
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% 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 974 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 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€39,003€39,541▲
Fixed assets21/28€27,498€32,943▲
Tangible fixed assets22/27€27,498€32,943▲
Land and buildings22€27,498€32,943▲
Current assets29/58€11,504€6,598▼
Cash at bank and in hand54/58€11,504€6,598▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€39,003€39,541▲
Equity10/15€3,112€312▼
Contributions10/11€48,339€48,339=
Reserves13€23,859€23,859=
Distributable reserves133€23,859€23,859=
Profit (loss) carried forward14-€69,087-€71,886▼
Amounts payable17/49€35,891€39,229▲
Amounts payable within one year42/48€34,491€37,829▲
Other amounts payable47/48€34,491€37,829▲
Accrued charges and deferred income492/3€1,400€1,400=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,048€1,232▼
Other operating charges640/8€3,528€3,415▼
Gross operating margin9900-€1,018€1,892▲
Operating profit (loss)9901-€7,595-€2,754▲
Financial charges65/66B€44€45▲
Recurring financial charges65€44€45▲
Profit (loss) for the period before taxes9903-€7,638-€2,799▲
Profit (loss) for the period9904-€7,638-€2,799▲
Profit (loss) for the period to be appropriated9905-€7,638-€2,799▲
Appropriation of the result
Profit (loss) to be appropriated9906-€69,087-€71,886▼
Profit (loss) brought forward from the previous period14P-€61,448-€69,087▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,149€3,843€3,048€3,048€1,232▼ 59.6%
Other operating charges640/8€3,151€3,132€3,430€3,528€3,415▼ 3.2%
Gross operating margin9900€879-€895-€2,560-€1,018€1,892▲ 286%
Operating profit (loss)9901-€7,421-€7,870-€9,039-€7,595-€2,754▲ 63.7%
Financial income75/76B€34€0----
Recurring financial income75€34€0----
Financial charges65/66B€59€39€39€44€45▲ 3.4%
Recurring financial charges65€59€39€39€44€45▲ 3.4%
Profit (loss) for the period before taxes9903-€7,446-€7,909-€9,078-€7,638-€2,799▲ 63.3%
Profit (loss) for the period9904-€7,446-€7,909-€9,078-€7,638-€2,799▲ 63.3%
Profit (loss) for the period to be appropriated9905-€7,446-€7,909-€9,078-€7,638-€2,799▲ 63.3%
Line20212022202320242025Change
Assets
Total assets20/58€47,128€43,218€42,141€39,003€39,541▲ 1.4%
Fixed assets21/28€37,438€33,595€30,547€27,498€32,943▲ 19.8%
Tangible fixed assets22/27€37,438€33,595€30,547€27,498€32,943▲ 19.8%
Land and buildings22€37,438€33,595€30,547€27,498€32,943▲ 19.8%
Current assets29/58€9,689€9,624€11,594€11,504€6,598▼ 42.6%
Cash at bank and in hand54/58€9,689€8,124€9,594€11,504€6,598▼ 42.6%
Deferred charges and accrued income490/1€0€1,500€2,000€0--
Equity and liabilities
Total equity and liabilities10/49€47,128€43,218€42,141€39,003€39,541▲ 1.4%
Equity10/15€27,737€19,827€10,750€3,112€312▼ 90.0%
Contributions10/11€48,339€48,339€48,339€48,339€48,339=
Reserves13€23,859€23,859€23,859€23,859€23,859=
Non-distributable reserves130/1€0-----
Reserves not available under the articles1311€0-----
Distributable reserves133€23,859€23,859€23,859€23,859€23,859=
Profit (loss) carried forward14-€44,462-€52,371-€61,448-€69,087-€71,886▼ 4.1%
Amounts payable17/49€19,391€23,391€31,391€35,891€39,229▲ 9.3%
Amounts payable within one year42/48€17,941€21,941€29,941€34,491€37,829▲ 9.7%
Other amounts payable47/48€17,941€21,941€29,941€34,491€37,829▲ 9.7%
Accrued charges and deferred income492/3€1,450€1,450€1,450€1,400€1,400=
Line20212022202320242025Change
Profit (loss) for the period9904-€7,446-€7,909-€9,078-€7,638-€2,799▲ 63.3%
+ Depreciation and write-downs630€5,149€3,843€3,048€3,048€1,232▼ 59.6%
Operating cash flow (approximation)-€2,297-€4,066-€6,029-€4,590-€1,568▲ 65.8%
Investment in fixed assets (approximation)-€0€0€0-€6,676-
Change in cash--€1,566€1,471€1,910-€4,906▼ 357%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Weakest financial yearnet -€9,078
Net result drops to -€9,078, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Ieper · 1 establishment unit since 1982
seat establishment The establishment unit on the map
Ground area
782 m²
Building footprint
283 m²
Volume, LiDAR
2,590 m³
Parcel 33011I0622/00L000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Patersstraat 28, 8900 Ieper
Activities of head offices; management consultancy activities
since 19822.021.087.545
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33011I0622/00L000 Flanders 782 m² 1 · 283 m² 16.0 m · 4 fl.
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.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-09-1982
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.