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BLEUSTEIN

Active
Louizalaan 54 ·1050 Brussel, Belgium
BE 0755.818.357
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Age5 yrs
Staff (FTE)1.9
Real estate1 parcel · 1,625 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BLEUSTEIN is 5.2% (elevated). The 2023 annual accounts show negative equity (€-61k) and a net result of €-141k. Its solvency ranks better than 7% of 2101 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
5.2% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-141k
Working capital€-68k

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 30-12-2024 with the NBB · fiscal year 2023 · micro
€-200k€-100k€0€100kOperating result 2022: €62k€62kNet result 2022: €46k€46kOperating result 2023: €-130k€-130kNet result 2023: €-141k€-141k20222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -22.2% 55.2%
better than 7% of 2101 sector peers
Net result €-141k €18k
better than 5% of 2104 sector peers
Equity €-61k €37k
better than 5% of 2103 sector peers
Gross operating margin €-27k €34k
better than 5% of 2102 sector peers
Staff costs €100k €17k
higher than 85% of 308 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-130k
- far below sector median
Net profit
€-141k
- far below sector median
Cash flow
€-141k
- far below sector median
Total assets
€274k
-34.5% +69% vs sector
Equity
€-61k
- far below sector median
Working capital
€-68k
- far below sector median
Employees (FTE)
2
-5.0% -54% vs sector
Staff costs
€100k
+62.9% -60% vs sector
Income taxes
€16k
- far above sector median
Debt
€335k
-0.9% +254% vs sector
Debt ≤ 1y
€334k
-0.9% +253% vs sector
Current ratio
0.80
-35.2% -38% vs sector
Quick ratio
0.80
-35.2% -38% vs sector
Solvency
-22.2%
- far below sector median
Debt / equity
-5.51
- far below sector median
ROE
232.1%
+301.9% far above sector median
ROA
-51.5%
- far below sector median
Interest coverage
-11.84
- far below sector median
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€-130k
Net profit€-141k
Cash flow€-141k
Staff costs€100k
Income taxes-
Dividends-
Total assets€274k
Equity€-61k
Debt€335k
of which ≤ 1y€334k
of which > 1y-
Working capital€-68k
Employees (FTE)1.9
Ratios (computed)
2023
Current ratio0.80
Quick ratio0.80
Working capital ratio-25.0%
Solvency-22.2%
Debt / equity-5.51
Long-term debt ratio-
Interest coverage-11.84
Gross margin-
Net margin-
ROA-51.5%
ROE232.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€274k
Fixed assets 21/28€9k
Intangible fixed assets 21€2k
Tangible fixed assets 22/27€942
Financial fixed assets 28€6k
Current assets 29/58€266k
Amounts receivable within one year 40/41€258k
Cash & bank 54/58€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€274k
Equity 10/15€-61k
Contributions / capital 10/11€4k
Reserves 13€76k
Accumulated profits (losses) 14€-141k
Amounts payable 17/49€335k
Amounts payable within one year 42/48€334k
Trade debts payable within one year 44€95k
Income statement
Gross operating margin 9900€-27k
Operating result 9901€-130k
Financial charges 65€11k
Result before taxes 9903€-141k
Net result for the period 9904€-141k
Result to be appropriated 9905€-141k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
12 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
Octave
Louizalaan 54, 1050 ElseneAdviesbureaus op het gebied van public relations en communicatie
since 20202.309.645.818
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,625 m²
Buildings1
Building footprint1,286 m²
Volume (LiDAR)34,999 m³
Tallest building33.9 m · ±9 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0001/00L000 Brussels 1,625 m² 1 · 1,286 m² 33.9 m · 9 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health12Profitability100Solvency40Growth32Stability94
56 / 100

Mixed profile: strong on profitability, weaker on health.

Health 12
Profitability 100
Solvency 40
Growth 32
Stability 94

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Reclamebureaus73110Activiteiten van reclamebureaus73110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameFR BLEUSTEIN
Registered office
Louizalaan 54
1050 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.