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BLIJWEERT HOLDING

Active
Public limited companyfounded 1989active for 37 yearsOudeheerweg-Heide 85, 9250 Waasmunster, BelgiumKBO/BCE: BE 0437.774.064
Summary

BLIJWEERT HOLDING has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.5m and a net result of -€9,134. Equity is shrinking by about 20% per year across the filed financial years. Its solvency ranks better than 62% of 7,408 sector peers (NACE 43, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Insulation installation
NACE 43230
2nd largest company by total assets in Waasmunster, Construction sector1 site
Size
€23.6mtotal assets 2024
Equity
€12.5m
Loss
-€9,134
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Holdings
2
Accounts 73 days overdue0 of 19 deeds read
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 16-07-2025)Liquidity: current ratio 0.19, cash €28,698lowers riskFounded in 1989Equity €12.5m (53.1% of total assets)Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 48% of its sector peers (NACE 43, medium-sized)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 78-5
equity 53.1% of total assets
Liquidity 50=
short-term debt 5.7% · cash 0.1%
Profitability 19-1
return on assets 0.0%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (243 companies, NACE 43, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026 10-2026: 1.0%▲ +0.4 percentage points vs 09-2026highest value
Credit of up to €650,000 on 30-day terms, only on tighter conditions
Liquidity insufficient (current ratio 0.19, compared with 0.15 in 2023; short-term debt: 5.7% and cash: 0.1% of total assets), and 46.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, medium-sized): better than 78% on solvency, 73% on liquidity, 13% on profitability and 28% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 16-07-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.19, cash €28,698
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €12.5m (53.1% of total assets)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
16 days early
2023
20 days early
2022
19 days early
2021
31 days late
2020
18 days early
2019
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Annual accounts filedfinancial year 2022 · abbreviated…

Key points

  • Caution: From profit to loss in 2024after €256,446 in 2023 -€9,134 View
  • Caution: Among the weakest 14% on net resultsector median €45,044 · 7,403 companies -€9,134 View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View

By topic

Financials

Financial year
2024
Total assets
€23.6m
Loss
-€9,134
Solvency
53.1%
Turnover▲ 9.1%
Net result
20182020
Go to Financials

Timeline

Events
38
Since
1991
  1. 31-12-2022Back to profit
  2. 31-08-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Insulation installationNACE 43230
Founded
29-06-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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