BLEMAX
Dissolved and wound up on 25-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-12-2025 PDF all 15 filings
Turnover
≈ €340,000
Estimated: probably between €230,000 and €520,000
Total assets
€171,718▲ 58.4%
2024 · €108,428
Net result
€88,849▲ 17×
2024 · €5,230
Working capital
€169,353
2024 · -€26,079
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€131,562
▲ 14×
2025
20192025
Net result
€88,849
▲ 17×
2025
20192025
Equity
€169,495
▲ 110%
2025
20192025
Total assets
€171,718
▲ 58.4%
2025
20192025
Debt
€2,223
▼ 92.0%
2025
20192025
Working capital
€169,353
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€12,697-€18,992▲ 49.6%€10,642▼ 44.0%€15,275▲ 43.5%€12,437▼ 18.6%€9,141▼ 26.5%€131,562▲ 14×
Net result€5,250-€12,798▲ 144%€5,051▼ 60.5%€8,251▲ 63.4%€7,079▼ 14.2%€5,230▼ 26.1%€88,849▲ 17×
Equity€42,237-€55,035▲ 30.3%€60,086▲ 9.2%€68,337▲ 13.7%€75,416▲ 10.4%€80,647▲ 6.9%€169,495▲ 110%
Total assets€207,555-€188,164▼ 9.3%€167,924▼ 10.8%€148,027▼ 11.8%€127,384▼ 13.9%€108,428▼ 14.9%€171,718▲ 58.4%
Debt€165,319-€133,129▼ 19.5%€107,838▼ 19.0%€79,690▼ 26.1%€51,967▼ 34.8%€27,782▼ 46.5%€2,223▼ 92.0%
Working capital-€48,613--€41,214▲ 15.2%-€35,991▲ 12.7%-€35,135▲ 2.4%-€36,145▼ 2.9%-€26,079▲ 27.8%€169,353
The operating result for 2025 is over 14 times that of 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,718
Fixed assets
€142 ▼ 99.9%
Current assets
€171,576 ▲ 101×
Equity and liabilities €171,718
Equity
€169,495 ▲ 110%
Debt
€2,223 ▼ 92.0%
Debt's share of the balance-sheet total falls from 25.6% to 1.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131,840▲
2024 · €28,593
Cash flow
€89,127▲
2024 · €24,683
Current ratio
77.19▲
2024 · 0.06
Debt to equity
0.01▼
2024 · 0.34
ROE
52.4%▲
2024 · 6.5%
ROA
51.7%▲
2024 · 4.8%
Interest coverage
over 100▲
2024 · 16.86
Debt ≤ 1 year
€2,223▼
2024 · €27,782
Income taxes
€42,175▲
2024 · €2,216
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €337 | €578 | - | - |
| Depreciation and write-downs of the year | €19,295 | €19,398 | €19,452 | €278 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €121,954 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,367 | €19,268 | €19,268 | €19,295 | €19,398 | €19,452 | €278 | ▼ 98.6% |
| Other operating charges640/8 | - | - | - | €2,183 | €1,016 | €2,973 | €3,142 | ▲ 5.7% |
| Gross operating margin9900 | €34,259 | €39,301 | €30,853 | €36,753 | €32,850 | €31,566 | €134,983 | ▲ 328% |
| Operating profit (loss)9901 | €12,697 | €18,992 | €10,642 | €15,275 | €12,437 | €9,141 | €131,562 | ▲ 14× |
| Financial income75/76B | - | - | - | €0 | €184 | €0 | €53 | ▲ 177× |
| Recurring financial income75 | €0 | €1 | €38 | €0 | €184 | €0 | €53 | ▲ 177× |
| Financial charges65/66B | - | - | - | €3,519 | €2,511 | €1,696 | €591 | ▼ 65.2% |
| Recurring financial charges65 | €5,832 | €5,218 | €4,426 | €3,519 | €2,511 | €1,696 | €591 | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €6,865 | €13,775 | €6,253 | €11,756 | €10,110 | €7,446 | €131,024 | ▲ 18× |
| Income taxes67/77 | €1,616 | €976 | €1,202 | €3,505 | €3,032 | €2,216 | €42,175 | ▲ 19× |
| Profit (loss) for the period9904 | €5,250 | €12,798 | €5,051 | €8,251 | €7,079 | €5,230 | €88,849 | ▲ 17× |
| Profit (loss) for the period to be appropriated9905 | €5,250 | €12,798 | €5,051 | €8,251 | €7,079 | €5,230 | €88,849 | ▲ 17× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €207,555 | €188,164 | €167,924 | €148,027 | €127,384 | €108,428 | €171,718 | ▲ 58.4% |
| Fixed assets21/28 | €202,492 | €183,224 | €163,956 | €144,998 | €126,178 | €106,726 | €142 | ▼ 99.9% |
| Tangible fixed assets22/27 | €202,492 | €183,224 | €163,956 | €144,998 | €126,178 | €106,726 | €142 | ▼ 99.9% |
| Land and buildings22 | - | - | - | €144,610 | €125,452 | €106,305 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €387 | €726 | €86 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | - | €335 | €142 | ▼ 57.5% |
| Current assets29/58 | €5,063 | €4,940 | €3,968 | €3,029 | €1,206 | €1,702 | €171,576 | ▲ 101× |
| Stocks and contracts in progress3 | €450 | €1,050 | €725 | €550 | €375 | €225 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €550 | €375 | €225 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1,456 | €0 | - | - | - | €1,477 | €3,117 | ▲ 111% |
| Trade receivables40 | - | - | - | - | - | €1,001 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | - | €477 | €3,117 | ▲ 554% |
| Cash at bank and in hand54/58 | €3,157 | €3,890 | €3,243 | €2,479 | €831 | €0 | €168,459 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €207,555 | €188,164 | €167,924 | €148,027 | €127,384 | €108,428 | €171,718 | ▲ 58.4% |
| Equity10/15 | €42,237 | €55,035 | €60,086 | €68,337 | €75,416 | €80,647 | €169,495 | ▲ 110% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €6,911 | €15,162 | €22,241 | €27,472 | €116,320 | ▲ 323% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €13,302 | €20,381 | €25,612 | €114,460 | ▲ 347% |
| Profit (loss) carried forward14 | €27,977 | €40,775 | €40,775 | €40,775 | €40,775 | €40,775 | €40,775 | = |
| Amounts payable17/49 | €165,319 | €133,129 | €107,838 | €79,690 | €51,967 | €27,782 | €2,223 | ▼ 92.0% |
| Amounts payable after more than one year17 | €111,643 | €86,975 | €67,879 | €41,525 | €14,616 | €0 | - | - |
| Financial debts170/4 | - | - | - | €41,525 | €14,616 | €0 | - | - |
| Amounts payable within one year42/48 | €53,676 | €46,154 | €39,959 | €38,165 | €37,351 | €27,782 | €2,223 | ▼ 92.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,354 | €26,909 | €14,116 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €2,971 | €2,904 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €2,971 | €2,904 | €0 | ▼ 100% |
| Trade debts44 | €8,307 | €3,867 | €3,043 | €3,126 | €0 | €1,135 | €1,313 | ▲ 15.7% |
| Suppliers440/4 | - | - | - | €3,126 | €0 | €1,135 | €1,313 | ▲ 15.7% |
| Taxes, remuneration and social security45 | - | - | - | €5,027 | €4,485 | €2,216 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €5,027 | €4,485 | €2,216 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €3,657 | €2,986 | €7,411 | €910 | ▼ 87.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,250 | €12,798 | €5,051 | €8,251 | €7,079 | €5,230 | €88,849 | ▲ 17× |
| + Depreciation and write-downs630 | €19,367 | €19,268 | €19,268 | €19,295 | €19,398 | €19,452 | €278 | ▼ 98.6% |
| Operating cash flow (approximation) | €24,617 | €32,067 | €24,319 | €27,546 | €26,476 | €24,683 | €89,127 | ▲ 261% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€337 | -€578 | €0 | €106,305 | - |
| Change in cash | - | €733 | -€647 | -€764 | -€1,649 | -€831 | €168,459 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 09-12-2025 | 2025-00578287 | |
| 30-06-2024 | micro format | 16-01-2025 | 2025-00005436 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00538837 | |
| 30-06-2022 | micro format | 23-12-2022 | 2022-20547137 | |
| 30-06-2021 | micro format | 14-01-2022 | 2022-01000108 | |
| 30-06-2020 | micro format | 05-02-2021 | 2021-04800455 | |
| 30-06-2019 | micro format | 03-02-2020 | 2020-04000573 | |
| 30-06-2018 | micro format | 14-02-2019 | 2019-05000457 | |
| 30-06-2017 | micro format | 06-02-2018 | 2018-04500123 | |
| 30-06-2016 | abbreviated format | 10-02-2017 | 2017-04200497 |