Overdue debts
€217,056 on 30-09-2025
The annual accounts state €217,056 of overdue tax debts on 30-09-2025.
BLEKO
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1992peak €1.4m (2021)
-not published
lowest -€2.2m (2025)
-€2.2m▼ €1.5m
peak €15.1m (2018)
€10.4m▼ 17.4%
€9.2m▼ 3.0%
peak 1.3 FTE (2010)
-not published
Board3 names since 2018
2 directorsFIN - COL and 1 other
Owners3 names in the annual accounts
99.99%FIN - COL
Documentsfilings and deeds
24-04-20266 days before the deadline
2025abbreviated format
Loss of €2.2mEquity from €12.5m to €10.4mCash from €461,242 to €215,568
Key points
from the 2025 annual accountsResult
-€2.2m ▼ 227%
The result fell in 2025 from -€662,028 to -€2.2m.
Turnover
≈ €1.0m estimated
The accounts state no turnover.
Investments
€165,259 0.4 × depreciation
Green is investment, beige is depreciation.
Filings
34 annual accounts since 1992
The last five annual accounts were filed 1 to 12 days before the end of the period.
Position in the sector
-€2.2m
Lower net result than 95% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
87
Excellent
Financially stronger than 28% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,721 companies (NACE 68, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.1%▲ +0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: < 0.1%▼ -0.2 percentage points vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €2.2m, the second in a row (financial year 2025)
Liquidity: current ratio 0.70, cash €215,568, halved
lowers risk
Size: total assets €19.9m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 72% of them on solvency, 24% on liquidity, 3% on profitability and 15% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 147 companies had the same profile as BLEKO has now. Each dot is one company, two years later.
91.8%
were still trading
5.4%
stopped another way
2.0%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BLEKO itself is lower: 0.2% within 12 months. It rests on far more data about BLEKO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 147 companies, not a prediction for BLEKO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.95 in 2024), below 1. Short-term debt is 41.6% and cash 1.1% of total assets. 47.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2.2m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
1 day early
2023
6 days early
2022
12 days early
2021
5 days early
2020
29 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end08-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446113589
2 directors reappointed, 1 statutory auditor reappointed
Cancellation of 10,761 shares · FIN-COL (managing director and chair of the board), THIMACON and VANDER DONCKT – ROOBROUCK – CHRISTIAENS BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: VERSTRAETE Xavier Francis and HELLEPUTTE Denise · General meeting of 26-02-2024 · Gazette deed
Environmental permit granted
Nieuwbouw of aanleggen · Provincie West-Vlaanderen
Permanent representative: Xavier-Francis Verstraete
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BLEKO Zwevegem | €19.9m | €929,393 | 52.1% | - |
| FRANK'S Knokke-Heist | €16.7m | €841,594 | 33.8% | 0 |
| TILLEGEM INVEST Oostkamp | €22.9m | €830,892 | 59.9% | 0 |
| AXXON Hoogstraten | €19.8m | €907,341 | 43.6% | - |
| ORIGO Aartselaar | €20.4m | €932,619 | 97.5% | 2.4 |
| DERWAEL Tongeren-Borgloon | €19.9m | €792,278 | 45.1% | 1 |
| REDROSE PROPERTIES Aalst | €20.5m | €948,046 | 63.7% | 0 |
These companies have the same main activity as BLEKO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €17m and €23m, founded between 1987 and 1996.
Official details
Source: KBO- Status
- Active since 17-12-1991Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment units
- 2.055.968.4488550 Zwevegem, since 03-02-1992
- 2.232.362.4538560 Wevelgem, since 01-01-2014
- Financial year end
- 30 September
- Peppol
- Reachable since 08-12-2025
Annual accounts to 30-09-2025
- €19.9m▼ 11.1%
- Filing
- Filed on 24-04-2026, 6 days before the end of the filing period
Insights on BLEKO
BLEKO has existed since 1991. In 2010 turnover rose from €581,478 to €1.3m and staff from 1 to 1.3 full-time equivalents.
FIN - COL holds all the shares. In March 2024, the Official Gazette published the appointment of FIN - COL as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BLEKO
- What is the company number of BLEKO?
- The company number of BLEKO is 0446.113.589. The VAT number is the same number with BE in front: BE 0446.113.589.
- Where is BLEKO based?
- The registered office is at Kortrijkstraat 11, 8550 Zwevegem.Company details
- What does BLEKO do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of BLEKO?
- BLEKO is a public limited company (NV).
- When was BLEKO founded?
- BLEKO was founded on 17-12-1991.
- Is BLEKO still active?
- Yes, BLEKO is an active enterprise in the KBO register.
- What is the turnover of BLEKO?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €929,393 and 38 comparable companies (NACE 68201). It probably lies between €930,000 and €1.2m. In financial year 2021 turnover was €1.4m.Financials
- Is BLEKO profitable?
- In financial year 2025, BLEKO made a loss of €2.2m.
- Where can I find the annual accounts of BLEKO?
- BLEKO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BLEKO due?
- BLEKO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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