BLISPAR
ActiveBLISPAR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €376k and a net result of €-26k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 54% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+6
Solvency61▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity short (current ratio 0.81 against 0.82 in 2024; short-term debt: 64.1% and cash: 1.1% of total assets), and 64.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Sector 68
lower
← 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
202122232425
2020 to 2025 · latest year €-26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
28 d late
2022
29 d late
2021
31 d late
2020
38 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€376k▼ 6.5%
2024 · €402k
2020: €216k
2021: €739k
2022: €1.02M
2023: €464k
2024: €402k
2020 → 2025
Total assets
€1.05M▲ 12.9%
2024 · €928k
2020: €953k
2021: €1.05M
2022: €1.13M
2023: €605k
2024: €928k
2020 → 2025
Net result
€-26k▲ 58.0%
2024 · €-62k
2020: €-14k
2021: €523k
2022: €279k
2023: €96k
2024: €-62k
2020 → 2025
Working capital
€-127k▼ 32.5%
2024 · €-96k
2020: €-123k
2021: €717k
2022: €997k
2023: €440k
2024: €-96k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€739k-€1.02M▲ 37.7%€464k▼ 54.4%€402k▼ 13.4%€376k▼ 6.5%
Operating result€678k-€326k▼ 51.9%€188k▼ 42.4%€-77k€-41k▲ 46.4%
Net result€523k-€279k▼ 46.7%€96k▼ 65.4%€-62k€-26k▲ 58.0%
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 €41k in 2025 against €77k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€503k▲ 0.8%
Current assets
€544k▲ 26.8%
Equity and liabilities €1.05M
Equity
€376k▼ 6.5%
Debt
€671k▲ 27.7%
The debt ratio rises from 56.7% to 64.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-29k▲
2024 · €-62k
Cash flow
€-14k▲
2024 · €-47k
Solvency
35.9%▼
2024 · 43.3%
Current ratio
0.81▼
2024 · 0.82
Quick ratio
0.81▼
2024 · 0.82
Debt / equity
1.79▲
2024 · 1.31
ROE
-7.0%▲
2024 · -15.5%
ROA
-2.5%▲
2024 · -6.7%
Interest coverage
-22.17▲
2024 · -58.71
Debt
€671k▲
2024 · €526k
Debt ≤ 1 year
€671k▲
2024 · €525k
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€928k€1.05M▲
Fixed assets21/28€499k€503k▲
Tangible fixed assets22/27€479k€483k▲
Land and buildings22€471k€477k▲
Plant, machinery and equipment23€1k€601▼
Furniture and vehicles24€7k€5k▼
Financial fixed assets28€20k€20k=
Current assets29/58€429k€544k▲
Amounts receivable within one year40/41€410k€532k▲
Trade receivables40€1k€111k▲
Other amounts receivable41€409k€421k▲
Cash at bank and in hand54/58€19k€12k▼
Deferred charges and accrued income490/1€280€392▲
Equity and liabilities
Total equity and liabilities10/49€928k€1.05M▲
Equity10/15€402k€376k▼
Contributions10/11€230k€230k=
Reserves13€172k€146k▼
Distributable reserves133€172k€146k▼
Amounts payable17/49€526k€671k▲
Amounts payable within one year42/48€525k€671k▲
Trade debts44€2k€457▼
Suppliers440/4€2k€457▼
Taxes, remuneration and social security45€43k-
Taxes450/3€43k-
Other amounts payable47/48€480k€671k▲
Accrued charges and deferred income492/3€800-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€12k▼
Other operating charges640/8€9k€607▼
Gross operating margin9900€-53k€-28k▲
Operating profit (loss)9901€-77k€-41k▲
Financial income75/76B€15k€16k▲
Recurring financial income75€15k€16k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-62k€-26k▲
Profit (loss) for the period9904€-62k€-26k▲
Profit (loss) for the period to be appropriated9905€-62k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-26k▲
Transfer from equity791/2€62k€26k▼
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-62k ▼165%
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 9.87
Current ratio from 3.31 to 9.87; short-term debt falls from €310k to €112k.
31-12
Financial
Equity above €1MEq €1.02M ▲37.7%
2 profitable years in a row build equity to €1.02M.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €523k
Net result €523k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.31
Current ratio from 0.83 to 3.31; short-term debt falls from €736k to €310k.
31-12
Financial
Equity above €500kEq €739k ▲242%
Equity rises from €216k to €739k.
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Boechout · 1 establishment unit since 2019
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.
Holleweg 242530 BoechoutGround area
2,068 m²
Building footprint
210 m²
Volume, LiDAR
1,601 m³
Parcel 11004D0212/00E000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BLISPAR
since 20192.285.178.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0212/00E000 | Flanders | 2,068 m² | 1 · 210 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500DN65ZAFW60S568
Similar companies · same sector, comparable size
STUDAC INTERNATIONAL
BE 0453.088.483
Kortrijk · Eq €376k
MANON
BE 0460.497.107
Zulte · Eq €375k
ACCENT OFFICES
BE 0806.179.371
Roeselare · Eq €375k
RDF GROUP
BE 0771.640.542
Anderlecht · Eq €377k
MORTIER CONSULT
BE 0811.145.078
Kortrijk · Eq €375k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-2019
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
66300Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
70220Business consulting
73110Advertising agencies
73200Market research and public opinion polling
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.