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BLEU DE CHINE

Active
Private limited company (pre-2019)founded 199233 yrs activeRue de Sélys 23, 4000 Liège, BelgiumKBO/BCE: BE 0448.435.651
Summary

For BLEU DE CHINE, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €59k and a net result of €-4k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 30356 sector peers (fiscal year 2022). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2019
Profitability8▼-14
Solvency100=
Growth52▼-33
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term

Signals

Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2022
Solvency, return and age of the figures
Solvency
86.4%
Return on assets
-5.6%
Age of the figures
45 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 33 years 0 40 y
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-06-2023, 33 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
33 d early
2020
31 d early
2019
32 d early
2018
31 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Turnover
€10k▼ 74.2%
2019 · €39k
2018: €32k 2019: €39k▲ +21.9% vs 2018highest value 2022: €10klowest value
2018 → 2022
EBIT margin
-37.5%▼ 27.9pp
2019 · -9.6%
2018: -28.1% 2019: -9.6%▲ +66.0% vs 2018highest value 2022: -37.5%lowest value
2018 → 2022
Net result
€-4k▼ 2.9%
2019 · €-4k
2018: €-9klowest value 2019: €-4k▲ +60.2% vs 2018highest value 2022: €-4k
2018 → 2022
Working capital
€58k▲ 20.8%
2019 · €48k
2018: €45klowest value 2019: €48k▲ +6.7% vs 2018 2022: €58khighest value
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line201820192022Trend
Turnover€32k-€39k▲ 21.9%€10k▼ 74.2% 2018: €32k 2019: €39k▲ +21.9% vs 2018highest value 2022: €10klowest value
Equity€45k-€48k▲ 6.7%€59k▲ 22.8% 2018: €45klowest value 2019: €48k▲ +6.7% vs 2018 2022: €59khighest value
Operating result€-9k-€-4k▲ 58.5%€-4k▼ 1.1% 2018: €-9klowest value 2019: €-4k▲ +58.5% vs 2018highest value 2022: €-4k
Net result€-9k-€-4k▲ 60.2%€-4k▼ 2.9% 2018: €-9klowest value 2019: €-4k▲ +60.2% vs 2018highest value 2022: €-4k
Result per fiscal year
Operating resultNet result
€-10k€-8k€-5k€-3k€0Operating result 2018: €-9k€-9kNet result 2018: €-9k€-9kOperating result 2019: €-4k€-4kNet result 2019: €-4k€-4kOperating result 2022: €-4k€-4kNet result 2022: €-4k€-4k201820192022€-10k€-7.5k€-5k€-2.5k€0Operating result 2018: €-9k€-8.9kNet result 2018: €-9k€-9.3kOperating result 2019: €-4k€-3.7kNet result 2019: €-4k€-3.7kOperating result 2022: €-4k€-3.7kNet result 2022: €-4k€-3.8k201820192022
The operating result is €-4k in 2022, compared with €-4k in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2022 in colour, 2019 as the grey bar beneath
Assets €68k
Fixed assets €956
Current assets €67k
Equity and liabilities €68k
Equity €59k ▲ 22.8%
Debt €9k ▼ 5.3%
Debt's share of the balance-sheet total falls from 16.9% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2019
EBITDA
€-2k
Cash flow
€-2k
Current ratio
7.28▲
2019 · 5.92
Debt to equity
0.16
ROE
-6.4%▲
2019 · -7.7%
ROA
-5.6%▲
2019 · -6.4%
Interest coverage
-27.16
Debt ≤ 1 year
€9k▼
2019 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2019 · 37 lines
Balance sheet Code20192022
Assets
Total assets20/58€58k€68k▲
Fixed assets21/28-€956
Tangible fixed assets22/27-€956
Furniture and vehicles24-€956
Current assets29/58€58k€67k▲
Amounts receivable within one year40/41€12k€717▼
Other amounts receivable41-€717
Current investments50/53€40k€62k▲
Cash at bank and in hand54/58€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€58k€68k▲
Equity10/15€48k€59k▲
Contributions10/11€6k€6k=
Reserves13€42k€53k▲
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€51k
Profit (loss) carried forward14€0-
Amounts payable17/49€10k€9k▼
Amounts payable within one year42/48€10k€9k▼
Trade debts44€2k€960▼
Suppliers440/4-€960
Other amounts payable47/48-€8k
Income statement Code20192022
Turnover70€39k€10k▼
Goods, raw materials, services and sundry goods60/61-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8-€268
Gross operating margin9900-€-2k
Operating profit (loss)9901€-4k€-4k▼
Recurring financial income75€34-
Financial charges65/66B-€67
Recurring financial charges65€59€67▲
Profit (loss) for the period before taxes9903€-4k€-4k▼
Income taxes67/77€657-
Profit (loss) for the period9904€-4k€-4k▼
Profit (loss) for the period to be appropriated9905€-4k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-4k
Transfer from equity791/2-€4k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line201820192022Change
Turnover70€32k€39k€10k-
Goods, raw materials, services and sundry goods60/61--€12k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k-€2k-
Other operating charges640/8--€268-
Gross operating margin9900--€-2k-
Operating profit (loss)9901€-9k€-4k€-4k-
Recurring financial income75€45€34--
Financial charges65/66B--€67-
Recurring financial charges65€67€59€67-
Profit (loss) for the period before taxes9903€-9k€-4k€-4k-
Income taxes67/77-€657--
Profit (loss) for the period9904€-9k€-4k€-4k-
Profit (loss) for the period to be appropriated9905€-9k€-4k€-4k-
Line201820192022Change
Assets
Total assets20/58€53k€58k€68k-
Fixed assets21/28--€956-
Tangible fixed assets22/27--€956-
Furniture and vehicles24--€956-
Current assets29/58€53k€58k€67k-
Amounts receivable within one year40/41€7k€12k€717-
Other amounts receivable41--€717-
Current investments50/53€37k€40k€62k-
Cash at bank and in hand54/58€9k€6k€5k-
Equity and liabilities
Total equity and liabilities10/49€53k€58k€68k-
Equity10/15€45k€48k€59k-
Contributions10/11€6k€6k€6k-
Reserves13€39k€42k€53k-
Non-distributable reserves130/1--€2k-
Reserves not available under the articles1311--€2k-
Distributable reserves133--€51k-
Profit (loss) carried forward14-€0--
Amounts payable17/49€8k€10k€9k-
Amounts payable within one year42/48€8k€10k€9k-
Trade debts44€4k€2k€960-
Suppliers440/4--€960-
Other amounts payable47/48--€8k-
Line201820192022Change
Profit (loss) for the period9904€-9k€-4k€-4k-
+ Depreciation and write-downs630€5k-€2k-
Operating cash flow (approximation)€-5k€-4k€-2k-
Change in cash-€-4k--

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

2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
30-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
30-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
01-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
30-06
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
12-07
NBB filing Annual accounts filed
fiscal year 2013 · full schema
2013
28-06
NBB filing Annual accounts filed
fiscal year 2012 · full schema
NBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
162 m²
Building footprint
75 m²
Volume, LiDAR
1,246 m³
Parcel 62805B0296/00F003, Wallonia · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Sélys 23, 4000 Liège
NACE 7230001
since 19922.059.373.940
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62805B0296/00F003 Wallonia 162 m² 1 · 75 m² 18.3 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.

Similar companies · same sector, comparable size

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,944 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 (pre-2019)
Founded26-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
58130Publishing activities
58190Other publishing activities, excluding software publishing
59201Sound recording
63920Other information service activities
Contact
E-mail cuppens@bleudechine.beLiège

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