Bleue Marine
ActiveBleue Marine has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €-5k. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-32
Solvency77▲+19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.64 against 1.43 in 2024; short-term debt: 48.4% and cash: 0% of total assets), and 48.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
51.6%
Return on assets
-4.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
22 d late
2023
7 d late
2022
37 d late
2021
23 d late
2020
3 d early
2019
143 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€800
EBIT margin
24.1%
Net result
€-5k
2024 · €34k
2018: €-16
2019: €141
2020: €205
2021: €20k
2022: €-9k
2023: €-4k
2024: €34k
2018 → 2025
Working capital
€-19k
2024 · €46k
2019: €141
2020: €-29k
2021: €-25k
2022: €-51k
2023: €-57k
2024: €46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€22k▼ 29.2%€19k▼ 15.7%€53k▲ 178%€57k▲ 8.9%
Operating result€20k-€-3k€-3k▼ 17.9%€45k€-4k
Net result€20k-€-9k€-4k▲ 62.1%€34k€-5k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €45k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€76k▲ 1,147%
Current assets
€35k▼ 77.8%
Equity and liabilities €111k
Equity
€57k▲ 8.9%
Debt
€54k▼ 50.8%
The debt ratio falls from 67.5% to 48.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €46k
Cash flow
€4k▼
2024 · €35k
Solvency
51.6%▲
2024 · 32.5%
Current ratio
0.64▼
2024 · 1.43
Quick ratio
0.46▼
2024 · 1.43
Debt / equity
0.94▼
2024 · 2.07
ROE
-9.3%▼
2024 · 64.0%
ROA
-4.8%▼
2024 · 20.8%
Interest coverage
29.98▼
2024 · 461.09
Debt
€54k▼
2024 · €109k
Debt ≤ 1 year
€54k▼
2024 · €109k
Income taxes
€783▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€111k▼
Fixed assets21/28€6k€76k▲
Tangible fixed assets22/27€6k€76k▲
Furniture and vehicles24€6k€76k▲
Current assets29/58€156k€35k▼
Stocks and contracts in progress3-€10k
Stocks30/36-€10k
Amounts receivable within one year40/41€53k€25k▼
Trade receivables40€16k€561▼
Other amounts receivable41€37k€24k▼
Cash at bank and in hand54/58€103k€5▼
Equity and liabilities
Total equity and liabilities10/49€162k€111k▼
Equity10/15€53k€57k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€32k€37k▲
Amounts payable17/49€109k€54k▼
Amounts payable within one year42/48€109k€54k▼
Trade debts44€9k-
Suppliers440/4€9k-
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€11k€7k▼
Other amounts payable47/48€90k€47k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€880€9k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€48k€7k▼
Operating profit (loss)9901€45k€-4k▼
Financial charges65/66B€100€149▲
Recurring financial charges65€100€149▲
Profit (loss) for the period before taxes9903€45k€-5k▼
Income taxes67/77€11k€783▼
Profit (loss) for the period9904€34k€-5k▼
Profit (loss) for the period to be appropriated9905€34k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€37k▲
Profit (loss) brought forward from the previous period14P€348€42k▲
Transfer to equity691/2€2k-
To the legal reserve6920€2k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
31-12
Financial
Liquidity times 10127current ratio 1.43
Current ratio from 0.00 to 1.43.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
31-12
Financial
Weakest financial yearnet €-9k ▼147%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 143 days late
2019
31-12
Financial
Back to profitnet €141
Net result €141 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 85 days late
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Liège · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Sainte-Marie 104000 LiègeGround area
484 m²
Building footprint
130 m²
Volume, LiDAR
1,672 m³
2 parcels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BLEUE MARINE
since 20092.175.515.010
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62013A0041/00K000 | Wallonia | 277 m² | 1 · 40 m² | 9.2 m · 3 fl. |
| 62805B0242/00S000 | Wallonia | 208 m² | 1 · 91 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
OCCAMATERIEL
BE 0423.247.424
Colfontaine · Eq €58k
Marlon Herrera
BE 0805.748.217
Stabroek · Eq €57k
Belgian Souvenirs
BE 0424.517.629
Brussel · Eq €58k
BIJOUTERIE SELEN
BE 0443.473.310
Ukkel · Eq €56k
SL BIOLINE
BE 0473.553.010
Ans · Eq €59k
Of 1,393 companies in sector 47784 we hold annual accounts for 427. 344 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2008
Fiscal year end31-12
Activities, NACEBEL
47784Retail sale of souvenirs and religious articles
47786Retail trade
47711Retail sale of women's outerwear
47715Retail trade
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.