BLAUSE
ActiveThe computed 12-month bankruptcy probability of BLAUSE is 4.1% (elevated). The 2024 annual accounts show equity of €8k and a net result of €-4k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 15867 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-73
Solvency36▼-17
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.03 against 1.33 in 2023; short-term debt: 89.3% and cash: 7.1% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-5.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
12 d late
2022
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€8k▼ 32.2%
2023 · €11k
2022: €5k
2023: €11k
2022 → 2024
Total assets
€71k▲ 79.0%
2023 · €39k
2022: €39k
2023: €39k
2022 → 2024
Net result
€-4k
2023 · €6k
2022: €194
2023: €6k
2022 → 2024
Working capital
€2k▼ 82.5%
2023 · €9k
2022: €-696
2023: €9k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€11k▲ 115%€8k▼ 32.2%
Operating result€3k-€12k▲ 329%€-1k
Net result€194-€6k▲ 2,995%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €12k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71k
Fixed assets
€6k▲ 216%
Current assets
€65k▲ 72.1%
Equity and liabilities €71k
Equity
€8k▼ 32.2%
Debt
€63k▲ 123%
The debt ratio rises from 71.6% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€391▼
2023 · €13k
Cash flow
€-2k▼
2023 · €7k
Solvency
10.7%▼
2023 · 28.4%
Current ratio
1.03▼
2023 · 1.33
Quick ratio
1.03▼
2023 · 1.33
Debt / equity
8.31▲
2023 · 2.52
ROE
-47.5%▼
2023 · 53.6%
ROA
-5.1%▼
2023 · 15.2%
Interest coverage
0.30▼
2023 · 6.42
Debt
€63k▲
2023 · €28k
Debt ≤ 1 year
€63k▲
2023 · €28k
Income taxes
€928▼
2023 · €4k
Staff costs
€49k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€39k€71k▲
Fixed assets21/28€2k€6k▲
Tangible fixed assets22/27€2k€6k▲
Furniture and vehicles24€2k€6k▲
Financial fixed assets28-€351
Current assets29/58€38k€65k▲
Amounts receivable within one year40/41€33k€59k▲
Trade receivables40€16k€19k▲
Other amounts receivable41€16k€40k▲
Cash at bank and in hand54/58€5k€5k▲
Deferred charges and accrued income490/1-€240
Equity and liabilities
Total equity and liabilities10/49€39k€71k▲
Equity10/15€11k€8k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€6k€3k▼
Amounts payable17/49€28k€63k▲
Amounts payable within one year42/48€28k€63k▲
Trade debts44€13k€46k▲
Suppliers440/4€13k€46k▲
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€15k€11k▼
Remuneration and social security454/9-€6k
Income statement
Code20232024
Remuneration, social security and pensions62-€49k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€753€2k▲
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A€959€1k▲
Gross operating margin9900€17k€52k▲
Operating profit (loss)9901€12k€-1k▼
Financial income75/76B€228-
Recurring financial income75€228-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€10k€-3k▼
Income taxes67/77€4k€928▼
Profit (loss) for the period9904€6k€-4k▼
Profit (loss) for the period to be appropriated9905€6k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€3k▼
Profit (loss) brought forward from the previous period14P€194€6k▲
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼160%
Net result drops to €-4k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Highest result since 2022net €6k ▲2995%
Operating result €12k, net result €6k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Etterbeek · 1 establishment unit since 2021
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.
Louis Schmidtlaan 241040 EtterbeekGround area
413 m²
Building footprint
197 m²
Volume, LiDAR
2,482 m³
Parcel 21363B0354/00M005, Brussels · tallest building 31.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BLAUSE Office
since 20212.343.863.161
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00M005 | Brussels | 413 m² | 1 · 197 m² | 31.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 4,428 companies in sector 46180 we hold annual accounts for 1,887. 804 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2021
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.