BLONCO
ActiveSummary
BLONCO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €399,623 and a net result of €13,047. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▲+18
Solvency33▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 9.15 against 5.01 in 2023; short-term debt: 6.8% and cash: 0.3% of total assets), but 91.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d late
2023
28 d late
2022
57 d late
2021
24 d late
2020
32 d early
2019
3 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€399,623▲ 3.4%
2023 · €386,577
Total assets
€4.7m▲ 38.7%
2023 · €3.4m
Net result
€13,047
2023 · -€39,801
Working capital
€2.6m▲ 105%
2023 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€190,320▼ 23.2%€11,741▼ 93.8%€66,914▲ 470%€43,570▼ 34.9%€35,437▼ 18.7%
Net result€143,625▼ 13.7%-€2,209€23,663-€39,801€13,047
Equity€404,924▲ 55.0%€402,715▼ 0.5%€426,378▲ 5.9%€386,577▼ 9.3%€399,623▲ 3.4%
Total assets€1.4m▲ 6.3%€2.5m▲ 77.3%€2.8m▲ 12.4%€3.4m▲ 20.8%€4.7m▲ 38.7%
Debt€1.0m▼ 5.6%€2.1m▲ 108%€2.4m▲ 13.7%€3.0m▲ 26.2%€4.3m▲ 43.2%
Working capital€314,919▲ 33.7%-€160,569€812,479€1.3m▲ 58.1%€2.6m▲ 105%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +77% on 2020. Cause not known from the registers.
- 2020 Equity +55% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€1.8m ▼ 2.0%
Current assets
€3.0m ▲ 84.5%
Equity and liabilities €4.7m
Equity
€399,623 ▲ 3.4%
Debt
€4.3m ▲ 43.2%
Debt's share of the balance-sheet total rises from 88.7% to 91.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71,202▼
2023 · €79,775
Cash flow
€48,812▲
2023 · -€3,596
Current ratio
9.15▲
2023 · 5.01
Quick ratio
0.69▲
2023 · 0.67
Debt to equity
10.84▲
2023 · 7.82
ROE
3.3%▲
2023 · -10.3%
ROA
0.3%▲
2023 · -1.2%
Interest coverage
2.86▲
2023 · 0.96
Debt ≤ 1 year
€323,466▲
2023 · €320,387
Debt > 1 year
€4.0m▲
2023 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.3%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,214 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €760 | - | €2,679 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,407 | €36,425 | €37,069 | €36,205 | €35,765 | ▼ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,868 | €2,868 | = |
| Other operating charges640/8 | - | €10,911 | €13,295 | €13,556 | €13,035 | ▼ 3.8% |
| Non-recurring operating charges66A | - | €3,657 | - | - | - | - |
| Gross operating margin9900 | €237,978 | €62,734 | €117,278 | €96,199 | €87,105 | ▼ 9.5% |
| Operating profit (loss)9901 | €190,320 | €11,741 | €66,914 | €43,570 | €35,437 | ▼ 18.7% |
| Financial income75/76B | - | €2,130 | €2,804 | €12 | €2,495 | ▲ 20,448% |
| Recurring financial income75 | €10,228 | €2,130 | €2,804 | €12 | €2,495 | ▲ 20,448% |
| Financial charges65/66B | - | €16,079 | €37,748 | €83,384 | €24,885 | ▼ 70.2% |
| Recurring financial charges65 | €4,327 | €16,079 | €37,748 | €83,384 | €24,885 | ▼ 70.2% |
| Profit (loss) for the period before taxes9903 | €196,221 | -€2,209 | €31,970 | -€39,801 | €13,047 | ▲ 133% |
| Income taxes67/77 | €52,596 | - | €8,307 | - | - | - |
| Profit (loss) for the period9904 | €143,625 | -€2,209 | €23,663 | -€39,801 | €13,047 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €143,625 | -€2,209 | €23,663 | -€39,801 | €13,047 | ▲ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €2.5m | €2.8m | €3.4m | €4.7m | ▲ 38.7% |
| Fixed assets21/28 | €569,874 | €1.9m | €1.8m | €1.8m | €1.8m | ▼ 2.0% |
| Tangible fixed assets22/27 | €569,874 | €529,792 | €492,723 | €455,697 | €419,932 | ▼ 7.8% |
| Land and buildings22 | - | €416,907 | €391,770 | €365,812 | €340,675 | ▼ 6.9% |
| Plant, machinery and equipment23 | - | €106,905 | €97,113 | €88,185 | €79,257 | ▼ 10.1% |
| Furniture and vehicles24 | - | €5,980 | €3,840 | €1,700 | - | - |
| Financial fixed assets28 | - | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €846,857 | €631,992 | €980,914 | €1.6m | €3.0m | ▲ 84.5% |
| Stocks and contracts in progress3 | €266,575 | €176,575 | €654,910 | €1.4m | €2.7m | ▲ 96.9% |
| Stocks30/36 | - | €176,575 | €654,910 | €1.4m | €2.7m | ▲ 96.9% |
| Amounts receivable within one year40/41 | €183,244 | €79,435 | €48,747 | €20,726 | €23,804 | ▲ 14.9% |
| Trade receivables40 | - | €18,000 | €1,368 | €8,368 | €4,223 | ▼ 49.5% |
| Other amounts receivable41 | - | €61,435 | €47,379 | €12,358 | €19,581 | ▲ 58.5% |
| Current investments50/53 | €188,623 | €282,445 | €179,316 | €179,316 | €179,316 | = |
| Cash at bank and in hand54/58 | €208,345 | €91,757 | €92,662 | €10,627 | €15,225 | ▲ 43.3% |
| Deferred charges and accrued income490/1 | - | €1,779 | €5,280 | €4,250 | €4,878 | ▲ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €2.5m | €2.8m | €3.4m | €4.7m | ▲ 38.7% |
| Equity10/15 | €404,924 | €402,715 | €426,378 | €386,577 | €399,623 | ▲ 3.4% |
| Contributions10/11 | €62,900 | €62,900 | €62,900 | €62,900 | €62,900 | = |
| Capital10 | - | €62,900 | €62,900 | €62,900 | €62,900 | = |
| Issued capital100 | - | €62,900 | €62,900 | €62,900 | €62,900 | = |
| Reserves13 | €6,290 | €6,290 | €6,290 | €6,290 | €6,290 | = |
| Non-distributable reserves130/1 | - | €6,290 | €6,290 | €6,290 | €6,290 | = |
| Legal reserve130 | - | €6,290 | €6,290 | €6,290 | €6,290 | = |
| Profit (loss) carried forward14 | €335,734 | €333,525 | €357,188 | €317,387 | €330,433 | ▲ 4.1% |
| Amounts payable17/49 | €1.0m | €2.1m | €2.4m | €3.0m | €4.3m | ▲ 43.2% |
| Amounts payable after more than one year17 | €479,869 | €1.3m | €2.2m | €2.7m | €4.0m | ▲ 48.2% |
| Financial debts170/4 | - | €834,727 | €738,493 | €1.0m | €2.3m | ▲ 121% |
| Other amounts payable178/9 | - | €479,869 | €1.5m | €1.7m | €1.7m | ▲ 2.7% |
| Amounts payable within one year42/48 | €531,938 | €792,561 | €168,435 | €320,387 | €323,466 | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €94,926 | €96,234 | €97,559 | €98,903 | ▲ 1.4% |
| Financial debts43 | - | - | - | €118,039 | €119,774 | ▲ 1.5% |
| Credit institutions430/8 | - | - | - | €118,039 | €119,774 | ▲ 1.5% |
| Trade debts44 | €12,402 | €123,693 | €44,750 | €51,282 | €86,877 | ▲ 69.4% |
| Suppliers440/4 | - | €123,693 | €44,750 | €51,282 | €86,877 | ▲ 69.4% |
| Taxes, remuneration and social security45 | - | €52,997 | €8,307 | €28,362 | - | - |
| Taxes450/3 | - | €52,997 | €8,307 | €28,362 | - | - |
| Other amounts payable47/48 | - | €520,944 | €19,144 | €25,144 | €17,912 | ▼ 28.8% |
| Accrued charges and deferred income492/3 | - | €1,912 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143,625 | -€2,209 | €23,663 | -€39,801 | €13,047 | ▲ 133% |
| + Depreciation and write-downs630 | €37,407 | €36,425 | €37,069 | €36,205 | €35,765 | ▼ 1.2% |
| Operating cash flow (approximation) | €181,032 | €34,216 | €60,732 | -€3,596 | €48,812 | ▲ 1,457% |
| Investment in fixed assets (approximation) | - | -€1.3m | €0 | €821 | €0 | ▼ 100% |
| Change in cash | - | -€116,588 | €905 | -€82,034 | €4,598 | ▲ 106% |
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
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Back to profitnet €13,047
Net result €13,047 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€39,801
Net result drops to -€39,801, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Back to profitnet €23,663
Net result €23,663 after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 5.82
Current ratio from 0.80 to 5.82; short-term debt falls from €792,561 to €168,435.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €166,489
Net result €166,489 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €261,299 ▲176%
Equity rises from €94,809 to €261,299.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
19-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Charleroi
Ground area
580 m²
Building footprint
101 m²
Volume, LiDAR
1,437 m³
Parcel 52011D0267/00B033, Wallonia · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0267/00B033 | Wallonia | 580 m² | 1 · 101 m² | 16.0 m · 5 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
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of BLONCO 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.
Recognitions · licences · registrations
Legal Entity Identifier
98450070DD738667A603
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 4,936 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
Founded17-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473045838
Registered
25-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.