Summary
BLMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €274,368 and a net result of -€8,814. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 5585 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
28 d early
2022
21 d early
2021
13 d early
2020
9 d early
← 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 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 18 July (5 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, abbreviated schema
Equity
€274,368▼ 45.0%
2024 · €499,284
Net result
-€8,814▲ 57.9%
2024 · -€20,946
Total assets
€879,793▲ 9.0%
2024 · €807,220
Solvency
31.2%▼ 30.7pp
2024 · 61.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€7,813▼ 72.2%€26,105▲ 234%€2,891▼ 88.9%-€35,055-€32,228▲ 8.1%
Net result€209,876above the sector's middle half▲ 801%€21,491within the sector's middle half▼ 89.8%€13,208within the sector's middle half▼ 38.5%-€20,946below the sector's middle half-€8,814below the sector's middle half▲ 57.9%
Equity€563,530above the sector's middle half▲ 59.3%€567,022within the sector's middle half▲ 0.6%€520,230within the sector's middle half▼ 8.3%€499,284within the sector's middle half▼ 4.0%€274,368within the sector's middle half▼ 45.0%
Total assets€614,970within the sector's middle half▲ 64.3%€628,430within the sector's middle half▲ 2.2%€802,340within the sector's middle half▲ 27.7%€807,220within the sector's middle half▲ 0.6%€879,793within the sector's middle half▲ 9.0%
Debt€51,440▲ 150%€61,408▲ 19.4%€282,110▲ 359%€307,936▲ 9.2%€605,425▲ 96.6%
Working capital€488,467above the sector's middle half▲ 127%€441,958above the sector's middle half▼ 9.5%€417,743above the sector's middle half▼ 5.5%€414,760above the sector's middle half▼ 0.7%€190,645within the sector's middle half▼ 54.0%
Solvency91.6%above the sector's middle half▼ 2.9pp90.2%above the sector's middle half▼ 1.4pp64.8%within the sector's middle half▼ 25.4pp61.9%within the sector's middle half▼ 3.0pp31.2%within the sector's middle half▼ 30.7pp
Current ratio10.50above the sector's middle half▼ 2.108.20above the sector's middle half▼ 2.302.48within the sector's middle half▼ 5.722.39within the sector's middle half▼ 0.091.31within the sector's middle half▼ 1.07
Return on assets (ROA)34.1%above the sector's middle half▲ 27.9pp3.4%within the sector's middle half▼ 30.7pp1.6%within the sector's middle half▼ 1.8pp-2.6%below the sector's middle half▼ 4.2pp-1.0%below the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -90% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32,228 in 2025 against €35,055 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €879,793
Fixed assets
€83,724 ▼ 10.8%
Current assets
€796,070 ▲ 11.6%
Equity and liabilities €879,793
Equity
€274,368 ▼ 45.0%
Debt
€605,425 ▲ 96.6%
Debt's share of the balance-sheet total rises from 38.1% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-3.2%▲
2024 · -4.2%
Debt ≤ 1 year
€605,425▲
2024 · €298,555
Income taxes
€141▼
2024 · €223
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,873 | €9,829 | €10,181 | ▲ 3.6% |
| Other operating charges640/8 | €1,380 | €1,741 | €896 | €1,466 | €1,138 | ▼ 22.4% |
| Gross operating margin9900 | €9,193 | €27,845 | €5,660 | -€23,760 | -€20,909 | ▲ 12.0% |
| Operating profit (loss)9901 | €7,813 | €26,105 | €2,891 | -€35,055 | -€32,228 | ▲ 8.1% |
| Financial income75/76B | €229,150 | €6,327 | €15,465 | €22,513 | €23,725 | ▲ 5.4% |
| Recurring financial income75 | €229,150 | €6,327 | €15,465 | €22,513 | €23,725 | ▲ 5.4% |
| Financial charges65/66B | €1,792 | €1,555 | €2,476 | €8,180 | €169 | ▼ 97.9% |
| Recurring financial charges65 | €1,792 | €1,555 | €2,476 | €8,180 | €169 | ▼ 97.9% |
| Profit (loss) for the period before taxes9903 | €235,171 | €30,877 | €15,880 | -€20,723 | -€8,673 | ▲ 58.1% |
| Income taxes67/77 | €25,296 | €9,386 | €2,672 | €223 | €141 | ▼ 36.8% |
| Profit (loss) for the period9904 | €209,876 | €21,491 | €13,208 | -€20,946 | -€8,814 | ▲ 57.9% |
| Profit (loss) for the period to be appropriated9905 | €209,876 | €21,491 | €13,208 | -€20,946 | -€8,814 | ▲ 57.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €614,970 | €628,430 | €802,340 | €807,220 | €879,793 | ▲ 9.0% |
| Fixed assets21/28 | €75,063 | €125,063 | €102,487 | €93,905 | €83,724 | ▼ 10.8% |
| Tangible fixed assets22/27 | - | - | €27,424 | €18,841 | €8,660 | ▼ 54.0% |
| Furniture and vehicles24 | - | - | €27,424 | €18,841 | €8,660 | ▼ 54.0% |
| Financial fixed assets28 | €75,063 | €125,063 | €75,063 | €75,063 | €75,063 | = |
| Current assets29/58 | €539,907 | €503,366 | €699,853 | €713,315 | €796,070 | ▲ 11.6% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €360,382 | €453,989 | €477,157 | €601,201 | €731,390 | ▲ 21.7% |
| Trade receivables40 | €19,378 | €9,583 | €11,020 | €12,124 | €17,041 | ▲ 40.6% |
| Other amounts receivable41 | €341,004 | €444,406 | €466,136 | €589,077 | €714,350 | ▲ 21.3% |
| Cash at bank and in hand54/58 | €177,517 | €46,324 | €160,845 | €26,259 | €26,104 | ▼ 0.6% |
| Deferred charges and accrued income490/1 | €2,007 | €3,054 | €61,851 | €85,854 | €38,575 | ▼ 55.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €614,970 | €628,430 | €802,340 | €807,220 | €879,793 | ▲ 9.0% |
| Equity10/15 | €563,530 | €567,022 | €520,230 | €499,284 | €274,368 | ▼ 45.0% |
| Contributions10/11 | €34,274 | €34,274 | €34,274 | €34,274 | €34,274 | = |
| Reserves13 | €529,256 | €532,747 | €485,955 | €465,009 | €240,094 | ▼ 48.4% |
| Non-distributable reserves130/1 | €3,427 | €3,427 | €3,427 | €3,427 | €3,427 | = |
| Reserves not available under the articles1311 | €3,427 | €3,427 | €3,427 | €3,427 | €3,427 | = |
| Distributable reserves133 | €525,828 | €529,320 | €482,528 | €461,582 | €236,666 | ▼ 48.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €51,440 | €61,408 | €282,110 | €307,936 | €605,425 | ▲ 96.6% |
| Amounts payable within one year42/48 | €51,440 | €61,408 | €282,110 | €298,555 | €605,425 | ▲ 103% |
| Current portion of amounts payable after more than one year42 | - | - | €6,173 | €0 | - | - |
| Financial debts43 | - | €4,029 | - | - | - | - |
| Credit institutions430/8 | - | €4,029 | - | - | - | - |
| Trade debts44 | €4,382 | €5,128 | €2,532 | €4,198 | €2,182 | ▼ 48.0% |
| Suppliers440/4 | €4,382 | €5,128 | €2,532 | €4,198 | €2,182 | ▼ 48.0% |
| Taxes, remuneration and social security45 | €46,672 | €33,864 | €12,375 | €15,671 | €42,871 | ▲ 174% |
| Taxes450/3 | €46,672 | €33,864 | €12,375 | €15,671 | €40,547 | ▲ 159% |
| Remuneration and social security454/9 | - | - | - | - | €2,324 | - |
| Other amounts payable47/48 | €386 | €18,386 | €261,030 | €278,686 | €560,372 | ▲ 101% |
| Accrued charges and deferred income492/3 | €0 | - | - | €9,381 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €209,876 | €21,491 | €13,208 | -€20,946 | -€8,814 | ▲ 57.9% |
| + Depreciation and write-downs630 | - | - | €1,873 | €9,829 | €10,181 | ▲ 3.6% |
| Operating cash flow (approximation) | €209,876 | €21,491 | €15,081 | -€11,117 | €1,367 | ▲ 112% |
| Investment in fixed assets (approximation) | - | -€50,000 | €20,704 | -€1,247 | €0 | ▲ 100% |
| Change in cash | - | -€131,193 | €114,522 | -€134,586 | -€155 | ▲ 99.9% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
28-07
State Gazette act
General meeting · Director appointment
Board meeting · Director in office
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€20,946
Net result drops to -€20,946, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €209,876 ▲801%
Net result €209,876, the highest in the series.
31-12
Financial
Equity above €500,000Eq €563,530 ▲59.3%
2 profitable years in a row build equity to €563,530.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herentals · 1 establishment unit since 2020
Ground area
1,018 m²
Building footprint
946 m²
Volume, LiDAR
7,504 m³
Parcel 13302G0239/00N000, Flanders · tallest building 14.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BLMA
since 20202.310.238.607
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302G0239/00N000 | Flanders | 1,018 m² | 1 · 946 m² | 14.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
33.33%
According to the 2025 annual accounts of BLMA 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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,728 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64929Financial service activities, except insurance and pension funding
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758515056
Also
9925:BE0758515056
Registered
04-11-2025
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.