BLEU
ActiveSummary
BLEU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€129,048) and a net result of -€25,643. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 5% of 9866 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9866 sector peers (2024).
NBB · sector comparisonPosition among 9866 sector peers
Solvency
better than 5%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d early
← 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 10 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€129,048▼ 24.8%
2023 · -€103,405
Net result
-€25,643
2023 · €1,995
Total assets
€84,254▼ 17.0%
2023 · €101,469
Solvency
-153.2%▼ 51.3pp
2023 · -101.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,671▲ 78.2%€13,500€5,668▼ 58.0%€2,172▼ 61.7%-€19,397
Net result-€9,774below the sector's middle half▲ 38.0%€5,342within the sector's middle half-€2,520below the sector's middle half€1,995below the sector's middle half-€25,643below the sector's middle half
Equity-€108,222below the sector's middle half▼ 9.9%-€102,880below the sector's middle half▲ 4.9%-€105,400below the sector's middle half▼ 2.4%-€103,405below the sector's middle half▲ 1.9%-€129,048below the sector's middle half▼ 24.8%
Total assets€95,435below the sector's middle half▼ 9.7%€101,540below the sector's middle half▲ 6.4%€99,390below the sector's middle half▼ 2.1%€101,469below the sector's middle half▲ 2.1%€84,254below the sector's middle half▼ 17.0%
Debt€203,656▼ 0.3%€204,420▲ 0.4%€204,789▲ 0.2%€204,874=€213,302▲ 4.1%
Working capital€15,256▲ 130%€26,549▲ 74.0%€23,749▼ 10.5%€24,250▲ 2.1%€4,665▼ 80.8%
Solvency-113.4%below the sector's middle half▼ 20.3pp-101.3%below the sector's middle half▲ 12.1pp-106.0%below the sector's middle half▼ 4.7pp-101.9%below the sector's middle half▲ 4.1pp-153.2%below the sector's middle half▼ 51.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 €19,397 after €2,172 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,254
Fixed assets
€72,345 =
Current assets
€11,909 ▼ 59.1%
Key figures and ratios
ROA
-30.4%▼
2023 · 2.0%
Debt ≤ 1 year
€7,243▲
2023 · €4,874
Debt > 1 year
€200,000=
2023 · €200,000
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,396 | €4,177 | - | - | - | - |
| Other operating charges640/8 | - | €2,413 | €2,405 | €2,174 | €2,246 | ▲ 3.3% |
| Gross operating margin9900 | €19,187 | €20,090 | €8,073 | €4,346 | -€17,152 | ▼ 495% |
| Operating profit (loss)9901 | -€1,671 | €13,500 | €5,668 | €2,172 | -€19,397 | ▼ 993% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €8,158 | €8,188 | €178 | €6,246 | ▲ 3,417% |
| Recurring financial charges65 | €8,103 | €8,158 | €8,188 | €178 | €6,246 | ▲ 3,417% |
| Profit (loss) for the period before taxes9903 | -€9,774 | €5,342 | -€2,520 | €1,995 | -€25,643 | ▼ 1,386% |
| Profit (loss) for the period9904 | -€9,774 | €5,342 | -€2,520 | €1,995 | -€25,643 | ▼ 1,386% |
| Profit (loss) for the period to be appropriated9905 | -€9,774 | €5,342 | -€2,520 | €1,995 | -€25,643 | ▼ 1,386% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,435 | €101,540 | €99,390 | €101,469 | €84,254 | ▼ 17.0% |
| Fixed assets21/28 | €76,522 | €72,345 | €72,345 | €72,345 | €72,345 | = |
| Tangible fixed assets22/27 | €76,522 | €72,345 | €72,345 | €72,345 | €72,345 | = |
| Land and buildings22 | - | €72,345 | €72,345 | €72,345 | €72,345 | = |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €0 | €0 | - | - | - |
| Current assets29/58 | €18,913 | €29,195 | €27,044 | €29,124 | €11,909 | ▼ 59.1% |
| Amounts receivable within one year40/41 | €9,316 | €13,104 | €8,271 | €22,336 | €0 | ▼ 100% |
| Trade receivables40 | - | €1,000 | €0 | - | - | - |
| Other amounts receivable41 | - | €12,104 | €8,271 | €22,336 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €9,597 | €16,090 | €18,773 | €6,788 | €5,077 | ▼ 25.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €6,832 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,435 | €101,540 | €99,390 | €101,469 | €84,254 | ▼ 17.0% |
| Equity10/15 | -€108,222 | -€102,880 | -€105,400 | -€103,405 | -€129,048 | ▼ 24.8% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€308,222 | -€302,880 | -€305,400 | -€303,405 | -€329,048 | ▼ 8.5% |
| Amounts payable17/49 | €203,656 | €204,420 | €204,789 | €204,874 | €213,302 | ▲ 4.1% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Financial debts170/4 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Amounts payable within one year42/48 | €3,656 | €2,646 | €3,295 | €4,874 | €7,243 | ▲ 48.6% |
| Trade debts44 | €1,256 | €135 | €895 | €2,474 | €2,243 | ▼ 9.3% |
| Suppliers440/4 | - | €135 | €895 | €2,474 | €2,243 | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | €2,511 | €2,400 | €2,400 | €0 | ▼ 100% |
| Taxes450/3 | - | €2,511 | €2,400 | €2,400 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €0 | €0 | - | €5,000 | - |
| Accrued charges and deferred income492/3 | - | €1,774 | €1,494 | €0 | €6,059 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,774 | €5,342 | -€2,520 | €1,995 | -€25,643 | ▼ 1,386% |
| + Depreciation and write-downs630 | €18,396 | €4,177 | - | - | - | - |
| Operating cash flow (approximation) | €8,622 | €9,519 | -€2,520 | €1,995 | -€25,643 | ▼ 1,386% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,493 | €2,683 | -€11,985 | -€1,712 | ▲ 85.7% |
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
Weakest financial yearnet -€25,643
Net result drops to -€25,643, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €1,995
Net result €1,995 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €5,342
Net result €5,342 after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 11.03
Current ratio from 5.17 to 11.03; short-term debt falls from €3,656 to €2,646.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Knokke-Heist
Ground area
661 m²
Building footprint
509 m²
Volume, LiDAR
7,048 m³
Parcel 31332E0953/00B000, Flanders · tallest building 22.4 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0953/00B000 | Flanders | 661 m² | 1 · 509 m² | 22.4 m · 6 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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
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 and region
A.D. Van Bogaert
BE 0411.913.963
Knokke-Heist
ACCENTRI INVEST
BE 0473.890.827
Knokke-Heist
AMRY PATRIMONIAL
BE 0450.024.768
Knokke-Heist
B.S.B.
BE 0479.589.477
Knokke-Heist
BELISY
BE 0464.982.762
Knokke-Heist
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474541321
Also
9925:BE0474541321
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.