BLICO
ActiveSummary
BLICO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €448,624. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 86% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+13
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 4.26 against 1.23 in 2024; short-term debt: 4.6% and cash: 0.5% of total assets), and 7.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.4%
Return on assets
21%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.0m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
62 d early
2023
33 d early
2022
31 d early
2021
30 d early
2020
31 d early
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 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€448,624▲ 128%
2024 · €196,606
Working capital
€320,853▲ 1,288%
2024 · €23,111
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€211,308▲ 26.3%€216,741▲ 2.6%€221,580▲ 2.2%€284,720▲ 28.5%€538,764▲ 89.2%
Net result€163,829above the sector's middle half▲ 42.9%€138,259within the sector's middle half▼ 15.6%€147,521within the sector's middle half▲ 6.7%€196,606above the sector's middle half▲ 33.3%€448,624above the sector's middle half▲ 128%
Equity€1.8mabove the sector's middle half▲ 9.8%€1.8mabove the sector's middle half▼ 1.8%€1.8mabove the sector's middle half▼ 1.6%€1.8mabove the sector's middle half▲ 0.9%€2.0mwithin the sector's middle half▲ 10.6%
Total assets€2.0mwithin the sector's middle half▼ 1.4%€1.9mwithin the sector's middle half▼ 1.7%€1.9mwithin the sector's middle half▼ 2.4%€1.9mwithin the sector's middle half=€2.1mwithin the sector's middle half▲ 13.4%
Debt€135,225▼ 58.5%€134,805▼ 0.3%€117,476▼ 12.9%€100,816▼ 14.2%€98,528▼ 2.3%
Working capital€23,957within the sector's middle half€22,342within the sector's middle half▼ 6.7%€5,085within the sector's middle half▼ 77.2%€23,111within the sector's middle half▲ 354%€320,853within the sector's middle half▲ 1,288%
Solvency93.1%above the sector's middle half▲ 9.5pp93.0%above the sector's middle half▼ 0.1pp93.8%above the sector's middle half▲ 0.7pp94.7%above the sector's middle half▲ 0.9pp92.4%above the sector's middle half▼ 2.3pp
Current ratio1.29within the sector's middle half▲ 1.031.20within the sector's middle half▼ 0.091.05within the sector's middle half▼ 0.151.23within the sector's middle half▲ 0.184.26above the sector's middle half▲ 3.03
Return on assets (ROA)8.3%within the sector's middle half▲ 2.6pp7.1%within the sector's middle half▼ 1.2pp7.8%within the sector's middle half▲ 0.7pp10.4%within the sector's middle half▲ 2.6pp21.0%above the sector's middle half▲ 10.5pp
Staff (FTE)1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +128% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.7m ▼ 2.4%
Current assets
€419,382 ▲ 238%
Equity and liabilities €2.1m
Equity
€2.0m ▲ 10.6%
Provisions
€65,086
Debt
€98,528 ▼ 2.3%
Debt's share of the balance-sheet total falls from 5.3% to 4.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€546,712▲
2024 · €293,688
Cash flow
€456,572▲
2024 · €205,573
Debt to equity
0.05▼
2024 · 0.06
ROE
22.7%▲
2024 · 11.0%
Interest coverage
89.10▲
2024 · 22.01
Debt ≤ 1 year
€98,528▼
2024 · €100,816
Income taxes
€74,246▼
2024 · €75,012
Staff costs
€85,835▲
2024 · €83,451
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €260,344 | - |
| Remuneration, social security and pensions62 | €70,410 | €67,229 | €74,344 | €83,451 | €85,835 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74,033 | €59,489 | €27,702 | €8,967 | €7,948 | ▼ 11.4% |
| Other operating charges640/8 | €5,483 | €5,496 | €6,027 | €6,236 | €6,455 | ▲ 3.5% |
| Gross operating margin9900 | €361,235 | €348,956 | €329,653 | €383,375 | €639,002 | ▲ 66.7% |
| Operating profit (loss)9901 | €211,308 | €216,741 | €221,580 | €284,720 | €538,764 | ▲ 89.2% |
| Financial income75/76B | €0 | €1,218 | €0 | €239 | €55,328 | ▲ 23,008% |
| Recurring financial income75 | €0 | €1,218 | €0 | €239 | €55,328 | ▲ 23,008% |
| Financial charges65/66B | €3,202 | €1,414 | €6,931 | €13,342 | €6,136 | ▼ 54.0% |
| Recurring financial charges65 | €3,202 | €1,414 | €6,931 | €13,342 | €6,136 | ▼ 54.0% |
| Profit (loss) for the period before taxes9903 | €208,106 | €216,546 | €214,649 | €271,618 | €587,956 | ▲ 116% |
| Transfer from deferred taxes780 | €423 | €0 | - | - | - | - |
| Transfer to deferred taxes680 | - | - | - | - | €65,086 | - |
| Income taxes67/77 | €44,700 | €78,287 | €67,128 | €75,012 | €74,246 | ▼ 1.0% |
| Profit (loss) for the period9904 | €163,829 | €138,259 | €147,521 | €196,606 | €448,624 | ▲ 128% |
| Transfer from tax-exempt reserves789 | €2,215 | €2,215 | €0 | €83,197 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | €82,937 | €0 | - | - | €195,258 | - |
| Profit (loss) for the period to be appropriated9905 | €83,108 | €140,474 | €147,521 | €279,803 | €253,366 | ▼ 9.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.9m | €1.9m | €1.9m | €2.1m | ▲ 13.4% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.8m | €1.8m | €1.7m | ▼ 2.4% |
| Tangible fixed assets22/27 | €334,504 | €275,015 | €247,313 | €238,346 | €195,742 | ▼ 17.9% |
| Land and buildings22 | €252,206 | €230,656 | €230,570 | €230,484 | €195,742 | ▼ 15.1% |
| Furniture and vehicles24 | €82,298 | €44,359 | €16,743 | €7,862 | €0 | ▼ 100% |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €107,934 | €134,262 | €115,013 | €123,927 | €419,382 | ▲ 238% |
| Stocks and contracts in progress3 | - | €24,469 | €36,178 | €0 | - | - |
| Stocks30/36 | - | €24,469 | €36,178 | €0 | - | - |
| Amounts receivable within one year40/41 | €27,108 | €27,479 | €51,709 | €84,455 | €404,329 | ▲ 379% |
| Trade receivables40 | €26,808 | €27,073 | €46,019 | €83,239 | €98,364 | ▲ 18.2% |
| Other amounts receivable41 | €301 | €406 | €5,690 | €1,216 | €305,965 | ▲ 25,066% |
| Cash at bank and in hand54/58 | €74,154 | €78,833 | €24,271 | €36,278 | €9,813 | ▼ 73.0% |
| Deferred charges and accrued income490/1 | €6,671 | €3,481 | €2,854 | €3,194 | €5,240 | ▲ 64.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.9m | €1.9m | €1.9m | €2.1m | ▲ 13.4% |
| Equity10/15 | €1.8m | €1.8m | €1.8m | €1.8m | €2.0m | ▲ 10.6% |
| Contributions10/11 | €99,200 | €99,200 | €99,200 | €99,200 | €99,200 | = |
| Capital10 | €99,200 | €99,200 | €99,200 | €99,200 | €99,200 | = |
| Issued capital100 | €99,200 | €99,200 | €99,200 | €99,200 | €99,200 | = |
| Reserves13 | €121,583 | €119,367 | €119,367 | €119,107 | €314,365 | ▲ 164% |
| Non-distributable reserves130/1 | €9,920 | €9,920 | €9,920 | €9,920 | €9,920 | = |
| Legal reserve130 | €9,920 | €9,920 | €9,920 | €9,920 | €9,920 | = |
| Tax-exempt reserves132 | €111,663 | €109,447 | €109,447 | €26,250 | €221,508 | ▲ 744% |
| Distributable reserves133 | - | - | - | €82,937 | €82,937 | = |
| Profit (loss) carried forward14 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.3% |
| Provisions and deferred taxes16 | - | - | - | - | €65,086 | - |
| Deferred taxes168 | - | - | - | - | €65,086 | - |
| Amounts payable17/49 | €135,225 | €134,805 | €117,476 | €100,816 | €98,528 | ▼ 2.3% |
| Amounts payable after more than one year17 | €51,248 | €22,884 | €7,548 | €0 | - | - |
| Financial debts170/4 | €51,248 | €22,884 | €7,548 | €0 | - | - |
| Amounts payable within one year42/48 | €83,977 | €111,920 | €109,927 | €100,816 | €98,528 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | €34,386 | €28,364 | €15,336 | €7,548 | €0 | ▼ 100% |
| Financial debts43 | €8,419 | €17,943 | €20,262 | €23,817 | €22,615 | ▼ 5.0% |
| Credit institutions430/8 | €8,419 | €17,943 | €20,262 | €23,817 | €22,615 | ▼ 5.0% |
| Trade debts44 | €25,193 | €41,446 | €57,485 | €40,783 | €39,482 | ▼ 3.2% |
| Suppliers440/4 | €25,193 | €41,446 | €57,485 | €40,783 | €39,482 | ▼ 3.2% |
| Taxes, remuneration and social security45 | €13,428 | €18,252 | €13,153 | €23,496 | €36,431 | ▲ 55.1% |
| Taxes450/3 | €5,511 | €8,146 | €2,128 | €14,230 | €26,834 | ▲ 88.6% |
| Remuneration and social security454/9 | €7,917 | €10,106 | €11,024 | €9,266 | €9,597 | ▲ 3.6% |
| Other amounts payable47/48 | €2,551 | €5,917 | €3,692 | €5,172 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €163,829 | €138,259 | €147,521 | €196,606 | €448,624 | ▲ 128% |
| + Depreciation and write-downs630 | €74,033 | €59,489 | €27,702 | €8,967 | €7,948 | ▼ 11.4% |
| Operating cash flow (approximation) | €237,862 | €197,748 | €175,222 | €205,573 | €456,572 | ▲ 122% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €34,656 | - |
| Change in cash | - | €4,679 | -€54,562 | €12,007 | -€26,465 | ▼ 320% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €448,624 ▲128%
Operating result €538,764, net result €448,624, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.26
Current ratio from 1.23 to 4.26; short-term debt falls from €100,816 to €98,528.
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 5current ratio 1.29
Current ratio from 0.25 to 1.29; short-term debt falls from €240,136 to €83,977.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €77,703 ▼12.1%
Net result drops to €77,703, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
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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, Hasselt · 1 establishment unit since 1992
Ground area
8,031 m²
Building footprint
2,673 m²
Volume, LiDAR
15,504 m³
2 parcels, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BLICO NV
since 19922.057.686.833
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A1552/00N000 | Flanders | 6,516 m² | 1 · 2,369 m² | 8.3 m · 2 fl. |
| 71328D0235/00X000 | Flanders | 1,514 m² | 1 · 304 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
99.6%
-
99.6%
-
99%
According to the 2025 annual accounts of BLICO and those 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 20,336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446354309
Also
9925:BE0446354309
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.