Blicq
ActiveSummary
Blicq has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €310k and a net result of €-28k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 56% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-9
Solvency64▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.86 in 2024; short-term debt: 60.8% of total assets), and 60.8% of the assets are financed with debt.
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 · 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-28k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
5 d late
2022
30 d late
2021
30 d late
2020
155 d early
2019
210 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€310k▼ 8.4%
2024 · €338k
2018: €27k
2019: €26k▼ -6.3% vs 2018lowest in 8 years
2020: €363k▲ +1314% vs 2019highest in 8 years
2021: €345k▼ -4.9% vs 2020
2022: €344k▼ -0.2% vs 2021
2023: €340k▼ -1.3% vs 2022
2024: €338k▼ -0.5% vs 2023
2025: €310k▼ -8.4% vs 2024
2018 → 2025
Total assets
€789k▲ 0.7%
2024 · €784k
2018: €32k
2019: €30k▼ -5.6% vs 2018lowest in 8 years
2020: €400k▲ +1237% vs 2019
2021: €399k▼ -0.2% vs 2020
2022: €769k▲ +92.6% vs 2021
2023: €784k▲ +1.8% vs 2022
2024: €784k● +0.0% vs 2023
2025: €789k▲ +0.7% vs 2024highest in 8 years
2018 → 2025
Net result
€-28k▼ 1,469%
2024 · €-2k
2018: €-1k
2019: €-2k▼ -44.0% vs 2018
2020: €-33k▼ -1836% vs 2019lowest in 8 years
2021: €-18k▲ +46.9% vs 2020
2022: €-563▲ +96.8% vs 2021highest in 8 years
2023: €-5k▼ -700% vs 2022
2024: €-2k▲ +59.7% vs 2023
2025: €-28k▼ -1469% vs 2024
2018 → 2025
Working capital
€-90k▼ 46.4%
2024 · €-61k
2018: €-3khighest in 8 years
2019: €-4k▼ -67.3% vs 2018
2020: €-37k▼ -778% vs 2019
2021: €-54k▼ -45.8% vs 2020
2022: €-55k▼ -1.0% vs 2021
2023: €-60k▼ -8.2% vs 2022
2024: €-61k▼ -3.0% vs 2023
2025: €-90k▼ -46.4% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€345k-€344k▼ 0.2%€340k▼ 1.3%€338k▼ 0.5%€310k▼ 8.4%
2021: €345khighest in 5 years
2022: €344k▼ -0.2% vs 2021
2023: €340k▼ -1.3% vs 2022
2024: €338k▼ -0.5% vs 2023
2025: €310k▼ -8.4% vs 2024lowest in 5 years
Operating result€-8k-€-559▲ 92.6%€-5k▼ 706%€-2k▲ 59.7%€-5k▼ 173%
2021: €-8klowest in 5 years
2022: €-559▲ +92.6% vs 2021highest in 5 years
2023: €-5k▼ -706% vs 2022
2024: €-2k▲ +59.7% vs 2023
2025: €-5k▼ -173% vs 2024
Net result€-18k-€-563▲ 96.8%€-5k▼ 700%€-2k▲ 59.7%€-28k▼ 1,469%
2021: €-18k
2022: €-563▲ +96.8% vs 2021highest in 5 years
2023: €-5k▼ -700% vs 2022
2024: €-2k▲ +59.7% vs 2023
2025: €-28k▼ -1469% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €789k
Fixed assets
€399k =
Current assets
€390k ▲ 1.4%
Equity and liabilities €789k
Equity
€310k ▼ 8.4%
Debt
€480k ▲ 7.6%
Debt's share of the balance-sheet total rises from 56.9% to 60.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.81▼
2024 · 0.86
Quick ratio
0.00=
2024 · 0.00
Debt to equity
1.55▲
2024 · 1.32
ROE
-9.2%▼
2024 · -0.5%
ROA
-3.6%▼
2024 · -0.2%
Debt ≤ 1 year
€480k▲
2024 · €446k
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 · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€784k€789k▲
Fixed assets21/28€399k€399k=
Tangible fixed assets22/27€399k€399k=
Land and buildings22€399k€399k=
Current assets29/58€384k€390k▲
Stocks and contracts in progress3€384k€390k▲
Stocks30/36€384k€390k▲
Equity and liabilities
Total equity and liabilities10/49€784k€789k▲
Equity10/15€338k€310k▼
Contributions10/11€302k€302k=
Capital10€297k€297k=
Issued capital100€297k€297k=
Outside capital11€5k€5k=
Share premium1100/10€5k€5k=
Revaluation surpluses12€370k€370k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Legal reserve130€4k€4k=
Profit (loss) carried forward14€-338k€-367k▼
Amounts payable17/49€446k€480k▲
Amounts payable within one year42/48€446k€480k▲
Trade debts44-€2k
Suppliers440/4-€2k
Other amounts payable47/48€446k€478k▲
Income statement
Code20242025
Other operating charges640/8€482€2k▲
Gross operating margin9900€-1k€-3k▼
Operating profit (loss)9901€-2k€-5k▼
Financial charges65/66B-€24k
Recurring financial charges65-€24k
Profit (loss) for the period before taxes9903€-2k€-28k▼
Profit (loss) for the period9904€-2k€-28k▼
Profit (loss) for the period to be appropriated9905€-2k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-338k€-367k▼
Profit (loss) brought forward from the previous period14P€-337k€-338k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €4k | - | €2k | €482 | €2k | ▲ 317% |
| Gross operating margin9900 | €-4k | €-559 | €-2k | €-1k | €-3k | ▼ 120% |
| Operating profit (loss)9901 | €-8k | €-559 | €-5k | €-2k | €-5k | ▼ 173% |
| Financial charges65/66B | €10k | €4 | - | - | €24k | - |
| Recurring financial charges65 | €10k | €4 | - | - | €24k | - |
| Profit (loss) for the period before taxes9903 | €-18k | €-563 | €-5k | €-2k | €-28k | ▼ 1,469% |
| Profit (loss) for the period9904 | €-18k | €-563 | €-5k | €-2k | €-28k | ▼ 1,469% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-563 | €-5k | €-2k | €-28k | ▼ 1,469% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399k | €769k | €784k | €784k | €789k | ▲ 0.7% |
| Fixed assets21/28 | €399k | €399k | €399k | €399k | €399k | = |
| Tangible fixed assets22/27 | €399k | €399k | €399k | €399k | €399k | = |
| Land and buildings22 | €399k | €399k | €399k | €399k | €399k | = |
| Current assets29/58 | €4 | €370k | €384k | €384k | €390k | ▲ 1.4% |
| Stocks and contracts in progress3 | - | €370k | €384k | €384k | €390k | ▲ 1.4% |
| Stocks30/36 | - | €370k | €384k | €384k | €390k | ▲ 1.4% |
| Cash at bank and in hand54/58 | €4 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399k | €769k | €784k | €784k | €789k | ▲ 0.7% |
| Equity10/15 | €345k | €344k | €340k | €338k | €310k | ▼ 8.4% |
| Contributions10/11 | €302k | €302k | €302k | €302k | €302k | = |
| Capital10 | €297k | €297k | €297k | €297k | €297k | = |
| Issued capital100 | €297k | €297k | €297k | €297k | €297k | = |
| Outside capital11 | €5k | €5k | €5k | €5k | €5k | = |
| Share premium1100/10 | €5k | €5k | €5k | €5k | €5k | = |
| Revaluation surpluses12 | €370k | €370k | €370k | €370k | €370k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-332k | €-332k | €-337k | €-338k | €-367k | ▼ 8.4% |
| Amounts payable17/49 | €54k | €425k | €444k | €446k | €480k | ▲ 7.6% |
| Amounts payable within one year42/48 | €54k | €425k | €444k | €446k | €480k | ▲ 7.6% |
| Trade debts44 | - | €168 | - | - | €2k | - |
| Suppliers440/4 | - | €168 | - | - | €2k | - |
| Other amounts payable47/48 | €54k | €425k | €444k | €446k | €478k | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-563 | €-5k | €-2k | €-28k | ▼ 1,469% |
| Operating cash flow (approximation) | €-18k | €-563 | €-5k | €-2k | €-28k | ▼ 1,469% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 210 days late
2020
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €363k ▲1,314%
Equity rises from €26k to €363k.
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 1982
Ground area
5,149 m²
Building footprint
351 m²
Volume, LiDAR
2,264 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BLICQ
since 19822.020.380.336
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56058C0894/00E009 | Wallonia | 4,984 m² | 1 · 283 m² | 10.1 m · 2 fl. |
| 62073B0863/00C004 | Wallonia | 165 m² | 1 · 68 m² | 10.5 m · 3 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.
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iret development
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Of 1,295 companies in sector 68122 we hold annual accounts for 903. 594 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
Founded06-04-1982
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.