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BLEGAL

Active
Private limited companyfounded 201213 yrs activeTervurenlaan 270, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0501.773.773
Summary

BLEGAL has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €988,412 and a net result of -€76,465. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 69% of 2936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability25▼-5
Solvency91▲+9
Growth32▼-20
Track record92
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.34 in 2023; short-term debt: 33.9% and cash: 24.6% of total assets), and 34.3% of the assets are financed with debt.
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Signals

Nine 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
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 2024
Solvency, return and age of the figures
Solvency
65.7%
Return on assets
-5.1%
Age of the figures
21 mo
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 13 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€76,465
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
70 d late
2023
69 d late
2022
80 d late
2021
31 d late
2020
31 d late
2019
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 5 December 2012, BLEGAL was incorporated.1 Total assets went from EUR 2.5 million in 2018 to EUR 1.5 million in 2024 and headcount from 6.7 full-time equivalents in 2018 to 6 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2022 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€988,412▼ 7.2%
2023 · €1.1m
Total assets
€1.5m▼ 19.0%
2023 · €1.9m
Net result
-€76,465▼ 28.9%
2023 · -€59,312
Working capital
€995,502▼ 6.5%
2023 · €1.1m
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
Line20202021202220232024
Operating result€95,223▲ 19.6%€196,038▲ 106%-€135,734-€57,979▲ 57.3%-€79,347▼ 36.9%
Net result€67,816▲ 36.8%€191,154▲ 182%-€209,686-€59,312▲ 71.7%-€76,465▼ 28.9%
Equity€1.2m▲ 6.4%€1.4m▲ 15.8%€1.1m▼ 16.5%€1.1m▼ 6.6%€988,412▼ 7.2%
Total assets€3.1m▲ 1.1%€2.8m▼ 9.5%€2.7m▼ 2.0%€1.9m▼ 31.6%€1.5m▼ 19.0%
Debt€1.6m▼ 1.3%€1.4m▼ 13.5%€1.6m▲ 12.1%€792,861▼ 49.7%€516,640▼ 34.8%
Working capital€1.4m▲ 5.7%€1.3m▼ 3.5%€1.1m▼ 15.2%€1.1m▼ 6.6%€995,502▼ 6.5%
Staff (FTE)6.2▼ 7.5%6▼ 3.2%6=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
  • 2023 Net result +72% on 2022. Cause not known from the registers.
  • 2021 Net result +182% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0€200,000Operating result 2020: €95,223€95,223Net result 2020: €67,816€67,816Operating result 2021: €196,038€196,038Net result 2021: €191,154€191,154Operating result 2022: -€135,734-€135,734Net result 2022: -€209,686-€209,686Operating result 2023: -€57,979-€57,979Net result 2023: -€59,312-€59,312Operating result 2024: -€79,347-€79,347Net result 2024: -€76,465-€76,46520202021202220232024-€300,000-€200,000-€100,000€0Operating result 2022: -€135,734-€136,000Net result 2022: -€209,686-€210,000Operating result 2023: -€57,979-€58,000Net result 2023: -€59,312-€59,300Operating result 2024: -€79,347-€79,300Net result 2024: -€76,465-€76,500202220232024
The operating result stays negative: a loss of €79,347 in 2024 against €57,979 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.5m
Equity €988,412 ▼ 7.2%
Debt €516,640 ▼ 34.8%
Debt's share of the balance-sheet total falls from 42.7% to 34.3%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
2.95▲
2023 · 2.34
Debt to equity
0.52▼
2023 · 0.74
ROE
-7.7%▼
2023 · -5.6%
ROA
-5.1%▼
2023 · -3.2%
Debt ≤ 1 year
€509,550▼
2023 · €792,861
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.5% went bankrupt
5.5% stopped otherwise
94% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 2,685 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 · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.9m€1.5m▼
Current assets29/58€1.9m€1.5m▼
Amounts receivable within one year40/41€1.1m€1.0m▼
Trade receivables40€1.0m€939,909▼
Other amounts receivable41€121,209€69,579▼
Cash at bank and in hand54/58€657,126€370,349▼
Deferred charges and accrued income490/1€56,140€125,214▲
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.5m▼
Equity10/15€1.1m€988,412▼
Contributions10/11€48,767€48,767=
Reserves13€1.0m€939,646▼
Distributable reserves133€1.0m€939,646▼
Amounts payable17/49€792,861€516,640▼
Amounts payable within one year42/48€792,861€509,550▼
Trade debts44€777,074€498,184▼
Suppliers440/4€777,074€498,184▼
Taxes, remuneration and social security45€3,030€3,030=
Remuneration and social security454/9€3,030€3,030=
Other amounts payable47/48€12,757€8,336▼
Accrued charges and deferred income492/3-€7,090
Income statement Code20232024
Remuneration, social security and pensions62€15,419-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€40,425
Other operating charges640/8€38,954-
Non-recurring operating charges66A€7,186-
Gross operating margin9900€3,580-€38,922▼
Operating profit (loss)9901-€57,979-€79,347▼
Financial income75/76B€1,527€3,500▲
Recurring financial income75€1,527€3,500▲
Financial charges65/66B€2,929€618▼
Recurring financial charges65€2,929€618▼
Profit (loss) for the period before taxes9903-€59,380-€76,465▼
Income taxes67/77-€68-
Profit (loss) for the period9904-€59,312-€76,465▼
Profit (loss) for the period to be appropriated9905-€59,312-€76,465▼
Appropriation of the result
Profit (loss) to be appropriated9906-€59,312-€76,465▼
Transfer from equity791/2€59,312€76,465▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€376,916€282,846€15,419--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,459€24,988€17,589---
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€40,425-
Provisions for liabilities and charges: additions (uses and reversals)635/8--€256,928€10,081---
Other operating charges640/8-€71,651€73,639€38,954--
Non-recurring operating charges66A--€1,500€7,186--
Gross operating margin9900€561,924€412,664€249,922€3,580-€38,922▼ 1,187%
Operating profit (loss)9901€95,223€196,038-€135,734-€57,979-€79,347▼ 36.9%
Financial income75/76B-€814€1,934€1,527€3,500▲ 129%
Recurring financial income75€2,737€814€1,934€1,527€3,500▲ 129%
Financial charges65/66B-€4,713€4,393€2,929€618▼ 78.9%
Recurring financial charges65€3,579€4,713€4,393€2,929€618▼ 78.9%
Profit (loss) for the period before taxes9903€94,381€192,139-€138,193-€59,380-€76,465▼ 28.8%
Income taxes67/77€26,565€985€71,492-€68--
Profit (loss) for the period9904€67,816€191,154-€209,686-€59,312-€76,465▼ 28.9%
Profit (loss) for the period to be appropriated9905€67,816€191,154-€209,686-€59,312-€76,465▼ 28.9%
Line20202021202220232024Change
Assets
Total assets20/58€3.1m€2.8m€2.7m€1.9m€1.5m▼ 19.0%
Fixed assets21/28€42,577€20,114----
Tangible fixed assets22/27€42,577€17,589----
Furniture and vehicles24-€1,596----
Other tangible fixed assets26-€15,993----
Financial fixed assets28-€2,524----
Current assets29/58€3.0m€2.8m€2.7m€1.9m€1.5m▼ 19.0%
Amounts receivable within one year40/41€2.2m€2.1m€2.0m€1.1m€1.0m▼ 11.8%
Trade receivables40-€1.9m€1.8m€1.0m€939,909▼ 8.1%
Other amounts receivable41-€204,730€202,618€121,209€69,579▼ 42.6%
Cash at bank and in hand54/58€794,890€659,378€751,841€657,126€370,349▼ 43.6%
Deferred charges and accrued income490/1-€290-€56,140€125,214▲ 123%
Equity and liabilities
Total equity and liabilities10/49€3.1m€2.8m€2.7m€1.9m€1.5m▼ 19.0%
Equity10/15€1.2m€1.4m€1.1m€1.1m€988,412▼ 7.2%
Contributions10/11-€79,567€64,167€48,767€48,767=
Reserves13€1.1m€1.3m€1.1m€1.0m€939,646▼ 7.5%
Distributable reserves133-€1.3m€1.1m€1.0m€939,646▼ 7.5%
Provisions and deferred taxes16€256,928-----
Amounts payable17/49€1.6m€1.4m€1.6m€792,861€516,640▼ 34.8%
Amounts payable within one year42/48€1.6m€1.4m€1.6m€792,861€509,550▼ 35.7%
Trade debts44€1.2m€1.2m€1.4m€777,074€498,184▼ 35.9%
Suppliers440/4-€1.2m€1.4m€777,074€498,184▼ 35.9%
Taxes, remuneration and social security45-€64,353€38,083€3,030€3,030=
Remuneration and social security454/9-€64,353€38,083€3,030€3,030=
Other amounts payable47/48-€139,263€129,970€12,757€8,336▼ 34.7%
Accrued charges and deferred income492/3----€7,090-
Line20202021202220232024Change
Profit (loss) for the period9904€67,816€191,154-€209,686-€59,312-€76,465▼ 28.9%
+ Depreciation and write-downs630€25,459€24,988€17,589---
Operating cash flow (approximation)€93,275€216,141-€192,096-€59,312-€76,465▼ 28.9%
Investment in fixed assets (approximation)--€2,524----
Change in cash--€135,512€92,463-€94,715-€286,777▼ 203%

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

2025
09-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
18-08
KBO administration Address struck
2024
08-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
19-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 80 days late
2022
31-12
Financial Weakest financial yearnet -€209,686
Net result drops to -€209,686, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial Highest result since 2018net €191,154 ▲182%
Operating result €196,038, net result €191,154, both a record.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
26-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Sint-Pieters-Woluwe · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
2.2 ha
Building footprint
5,933 m²
Volume, LiDAR
109,739 m³
2 parcels, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
120 companies at this address See who is registered here
1 establishment unit
Buyle Legal
Activities of lawyers
since 20122.215.622.926
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21019A0155/00Z000
ProtectedSite or landscapeMonsantoparkSource ↗
Brussels 1.9 ha 1 · 4,055 m² 28.9 m · 5 fl.
21822R0226/00W011 Brussels 3,529 m² 1 · 1,878 m² 38.1 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

3 owners

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 4,322 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded05-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:0501773773
Also 9925:BE0501773773
Registered 10-02-2026

Register as of 27 September 2026 · Peppol Directory

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