Blitz Power
The computed 12-month bankruptcy probability of Blitz Power is 2.5% (moderate). The 2024 annual accounts show equity of €426k and a net result of €20k. Equity is growing by ~83% per year across the filed fiscal years. Its solvency ranks better than 37% of 105 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €426k |
| Net result | €20k |
| Staff (FTE) | 11.1 |
| Better than sector | 37% |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.1% | 33.3% | |
| Net result | €20k | €1k | |
| Equity | €426k | €61k | |
| Staff costs | €670k | €144k | |
| Total assets | €1.85M | €193k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €2.00M |
| EBITDA | €272k |
| Net profit | €20k |
| Cash flow | €228k |
| Staff costs | €670k |
| Income taxes | €981 |
| Dividends | - |
| Total assets | €1.85M |
| Equity | €426k |
| Debt | €1.42M |
| of which ≤ 1y | €650k |
| of which > 1y | €770k |
| Working capital | €189k |
| Employees (FTE) | 11.1 |
| 2024 | |
|---|---|
| Current ratio | 1.29 |
| Quick ratio | 0.28 |
| Working capital ratio | 10.2% |
| Solvency | 23.1% |
| Debt / equity | 3.33 |
| Long-term debt ratio | 1.81 |
| Interest coverage | 6.42 |
| Gross margin | 46.2% |
| Net margin | 1.0% |
| ROA | 1.1% |
| ROE | 4.7% |
| EBITDA margin | 13.6% |
| Days sales outstanding | 29d |
| Days payable outstanding | 71d |
| Inventory turnover | 1.64 |
| Days inventory (DSI) | 223d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.85M |
| Fixed assets | 21/28 | €1.01M |
| Intangible fixed assets | 21 | €823k |
| Tangible fixed assets | 22/27 | €185k |
| Current assets | 29/58 | €838k |
| Stocks & contracts in progress | 3 | €658k |
| Amounts receivable within one year | 40/41 | €163k |
| Cash & bank | 54/58 | €7k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.85M |
| Equity | 10/15 | €426k |
| Contributions / capital | 10/11 | €1.02M |
| Accumulated profits (losses) | 14 | €-595k |
| Amounts payable | 17/49 | €1.42M |
| Amounts payable after one year | 17 | €770k |
| Amounts payable within one year | 42/48 | €650k |
| Trade debts payable within one year | 44 | €208k |
| Income statement | ||
| Turnover | 70 | €2.00M |
| Operating result | 9901 | €64k |
| Financial income | 75 | €21 |
| Financial charges | 65 | €43k |
| Result before taxes | 9903 | €21k |
| Income taxes | 67/77 | €981 |
| Net result for the period | 9904 | €20k |
| Result to be appropriated | 9905 | €20k |
| NACE primary | 27110 |
| Legal form | Private limited company(610) |
| Incorporation | 22-05-2021 |
| Status | Active |
| Postal code | 9150 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013A0033/00D000 | Flanders | 2.4 ha | 1 · 5,620 m² | 8.8 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
22-11-2023 Capital increase of €931,000 to €1,021,000
- €90.000 → €1.021.000
- Inbreng in natura · Apport en nature
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Blitz Power |