BLENN
ActiveSummary
BLENN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23k and a net result of €37k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 31% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency53▼-3
Growth49▲+1
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.45 in 2023; short-term debt: 72% and cash: 86% of total assets), and 72% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
28%
Return on assets
45.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
37 d early
2022
34 d early
2021
33 d early
2020
31 d early
2019
33 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€150k▲ 0.3%
2023 · €150k
EBIT margin
31.2%▲ 9.8pp
2023 · 21.3%
Net result
€37k▲ 59.4%
2023 · €23k
Working capital
€23k▲ 7.5%
2023 · €21k
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
Turnover€154k€148k▼ 3.4%€150k▲ 0.8%€150k▲ 0.3%
Operating result€3k▼ 89.7%€40k▲ 1,237%€20k▼ 50.5%€32k▲ 59.4%€47k▲ 46.4%
Net result€-399€30k€13k▼ 55.2%€23k▲ 73.3%€37k▲ 59.4%
EBIT margin26.3%13.5%▼ 12.8pp21.3%▲ 7.8pp31.2%▲ 9.8pp
Equity€38k▼ 1.0%€68k▲ 77.4%€21k▼ 69.0%€21k▼ 0.2%€23k▲ 7.5%
Total assets€128k▼ 2.5%€135k▲ 5.6%€129k▼ 4.7%€67k▼ 47.7%€80k▲ 19.6%
Debt€90k▼ 3.1%€67k▼ 25.0%€108k▲ 60.0%€46k▼ 57.0%€58k▲ 25.0%
Working capital€21k▼ 6.4%€51k▲ 142%€4k▼ 92.3%€21k▲ 433%€23k▲ 7.5%
Staff (FTE)0.5▲ 66.7%1▲ 100%1=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 46% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €80k
Equity
€23k ▲ 7.5%
Debt
€58k ▲ 25.0%
Debt's share of the balance-sheet total rises from 68.9% to 72.0%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.39▼
2023 · 1.45
Debt to equity
2.57▲
2023 · 2.21
ROE
162.4%▲
2023 · 109.6%
ROA
45.5%▲
2023 · 34.1%
Debt ≤ 1 year
€58k▲
2023 · €46k
Income taxes
€10k▲
2023 · €9k
Staff costs
€30k▲
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €154k | €148k | €150k | €150k | ▲ 0.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €81k | €96k | €84k | €83k | ▼ 1.2% |
| Remuneration, social security and pensions62 | - | €26k | €26k | €29k | €30k | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €19k | €19k | €19k | - | - |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 4.4% |
| Gross operating margin9900 | €48k | €87k | €67k | €82k | €79k | ▼ 3.8% |
| Operating profit (loss)9901 | €3k | €40k | €20k | €32k | €47k | ▲ 46.4% |
| Financial charges65/66B | - | €590 | €441 | €171 | €41 | ▼ 75.9% |
| Recurring financial charges65 | €790 | €590 | €441 | €171 | €41 | ▼ 75.9% |
| Profit (loss) for the period before taxes9903 | €2k | €40k | €20k | €32k | €47k | ▲ 47.0% |
| Income taxes67/77 | €3k | €10k | €6k | €9k | €10k | ▲ 15.0% |
| Profit (loss) for the period9904 | €-399 | €30k | €13k | €23k | €37k | ▲ 59.4% |
| Profit (loss) for the period to be appropriated9905 | €-399 | €30k | €13k | €23k | €37k | ▲ 59.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128k | €135k | €129k | €67k | €80k | ▲ 19.6% |
| Fixed assets21/28 | €56k | €37k | €19k | - | - | - |
| Tangible fixed assets22/27 | €56k | €37k | €19k | - | - | - |
| Plant, machinery and equipment23 | - | €667 | €281 | - | - | - |
| Furniture and vehicles24 | - | €37k | €18k | - | - | - |
| Current assets29/58 | €72k | €98k | €110k | €67k | €80k | ▲ 19.6% |
| Amounts receivable within one year40/41 | €14k | €251 | €21k | €10k | €11k | ▲ 12.3% |
| Trade receivables40 | - | €251 | €15k | €154 | €164 | ▲ 6.2% |
| Other amounts receivable41 | - | - | €6k | €10k | €11k | ▲ 12.4% |
| Cash at bank and in hand54/58 | €58k | €97k | €89k | €57k | €69k | ▲ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128k | €135k | €129k | €67k | €80k | ▲ 19.6% |
| Equity10/15 | €38k | €68k | €21k | €21k | €23k | ▲ 7.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Other1319 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €18k | €47k | €531 | €484 | €2k | ▲ 326% |
| Amounts payable17/49 | €90k | €67k | €108k | €46k | €58k | ▲ 25.0% |
| Amounts payable after more than one year17 | €39k | €20k | €2k | - | - | - |
| Financial debts170/4 | - | €20k | €2k | - | - | - |
| Amounts payable within one year42/48 | €51k | €47k | €106k | €46k | €58k | ▲ 25.0% |
| Current portion of amounts payable after more than one year42 | - | €19k | €19k | €2k | - | - |
| Trade debts44 | €3k | €6k | €6k | €6k | €6k | ▼ 2.2% |
| Suppliers440/4 | - | €6k | €6k | €6k | €6k | ▼ 2.2% |
| Taxes, remuneration and social security45 | - | €18k | €27k | €14k | €16k | ▲ 13.4% |
| Taxes450/3 | - | €15k | €24k | €11k | €13k | ▲ 17.2% |
| Remuneration and social security454/9 | - | €3k | €3k | €3k | €3k | ▲ 1.3% |
| Other amounts payable47/48 | - | €4k | €54k | €25k | €36k | ▲ 46.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-399 | €30k | €13k | €23k | €37k | ▲ 59.4% |
| + Depreciation and write-downs630 | €18k | €19k | €19k | €19k | - | - |
| Operating cash flow (approximation) | €18k | €48k | €32k | €42k | €37k | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €40k | €-9k | €-31k | €12k | ▲ 138% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €37k ▲59.4%
Operating result €47k, net result €37k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-399
Net result drops to €-399, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Gent · 1 establishment unit since 2019
Ground area
412 m²
Building footprint
113 m²
Volume, LiDAR
510 m³
Parcel 44061B0035/00W000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BLENN
since 20192.283.926.168
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061B0035/00W000 | Flanders | 412 m² | 1 · 113 m² | 7.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,504 EUR awarded · 3,504 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,504 EUR | 3,504 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,994 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
Founded07-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.