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BLSupport

Active
Private limited companyfounded 201015 yrs activeKrekeldries (STG) 9, 9200 Dendermonde, BelgiumKBO/BCE: BE 0830.638.021
Summary

BLSupport has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183,657 and a net result of €8,394. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 9439 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€183,657▲ 4.8%
2024 · €175,263
Total assets
€449,325▲ 7.3%
2024 · €418,922
Net result
€8,394▼ 39.4%
2024 · €13,850
Working capital
€21,345▼ 37.4%
2024 · €34,096
Trend over the years

2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years

The operating result has fallen two years in a row; 2025 is 27% below 2024.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€17,374 2025 Net result€8,394 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€43,237-€25,763▼ 40.4%€17,315▼ 32.8%€14,503▼ 16.2%€32,392▲ 123%€23,818▼ 26.5%€17,374▼ 27.1%
Net result€26,343-€11,905within the sector's middle half▼ 54.8%€9,538within the sector's middle half▼ 19.9%€4,961within the sector's middle half▼ 48.0%€18,658within the sector's middle half▲ 276%€13,850within the sector's middle half▼ 25.8%€8,394within the sector's middle half▼ 39.4%
Equity€110,150-€122,056within the sector's middle half▲ 10.8%€131,594within the sector's middle half▲ 7.8%€136,555within the sector's middle half▲ 3.8%€161,413within the sector's middle half▲ 18.2%€175,263above the sector's middle half▲ 8.6%€183,657above the sector's middle half▲ 4.8%
Total assets€480,956-€497,482above the sector's middle half▲ 3.4%€495,147above the sector's middle half▼ 0.5%€448,354above the sector's middle half▼ 9.5%€434,743above the sector's middle half▼ 3.0%€418,922above the sector's middle half▼ 3.6%€449,325above the sector's middle half▲ 7.3%
Debt€370,805-€375,427▲ 1.2%€363,553▼ 3.2%€311,800▼ 14.2%€273,330▼ 12.3%€243,659▼ 10.9%€265,668▲ 9.0%
Working capital€47,415-€57,441within the sector's middle half▲ 21.1%€40,045within the sector's middle half▼ 30.3%€40,200within the sector's middle half▲ 0.4%€63,671within the sector's middle half▲ 58.4%€34,096within the sector's middle half▼ 46.4%€21,345within the sector's middle half▼ 37.4%
Solvency22.9%-24.5%within the sector's middle half▲ 1.6pp26.6%within the sector's middle half▲ 2.0pp30.5%within the sector's middle half▲ 3.9pp37.1%within the sector's middle half▲ 6.7pp41.8%within the sector's middle half▲ 4.7pp40.9%within the sector's middle half▼ 1.0pp
Current ratio1.81-1.89within the sector's middle half▲ 0.081.54within the sector's middle half▼ 0.361.59within the sector's middle half▲ 0.052.19within the sector's middle half▲ 0.601.58within the sector's middle half▼ 0.601.33within the sector's middle half▼ 0.26
Return on assets (ROA)5.5%-2.4%within the sector's middle half▼ 3.1pp1.9%within the sector's middle half▼ 0.5pp1.1%within the sector's middle half▼ 0.8pp4.3%within the sector's middle half▲ 3.2pp3.3%within the sector's middle half▼ 1.0pp1.9%within the sector's middle half▼ 1.4pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €449,325
Fixed assets €362,441 ▲ 11.1%
Current assets €86,884 ▼ 6.3%
Equity and liabilities €449,325
Equity €183,657 ▲ 4.8%
Debt €265,668 ▲ 9.0%
Debt's share of the balance-sheet total rises from 58.2% to 59.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€46,189▲
2024 · €44,289
Cash flow
€37,209▲
2024 · €34,321
Debt to equity
1.45▲
2024 · 1.39
ROE
4.6%▼
2024 · 7.9%
Interest coverage
8.38▼
2024 · 10.79
Debt ≤ 1 year
€65,539▲
2024 · €58,590
Debt > 1 year
€195,435▲
2024 · €184,681
Income taxes
€4,752▼
2024 · €6,830
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 10,905 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€418,922€449,325▲
Fixed assets21/28€326,236€362,441▲
Tangible fixed assets22/27€326,236€362,441▲
Land and buildings22€321,075€305,336▼
Plant, machinery and equipment23€291€2,120▲
Furniture and vehicles24€4,870€54,985▲
Current assets29/58€92,686€86,884▼
Amounts receivable within one year40/41€27,680€24,615▼
Trade receivables40€24,162€24,615▲
Other amounts receivable41€3,518€0▼
Current investments50/53€17,116€16,630▼
Cash at bank and in hand54/58€35,163€31,386▼
Deferred charges and accrued income490/1€12,727€14,253▲
Equity and liabilities
Total equity and liabilities10/49€418,922€449,325▲
Equity10/15€175,263€183,657▲
Contributions10/11€18,600€18,600=
Reserves13€155,194€163,588▲
Distributable reserves133€155,194€163,588▲
Profit (loss) carried forward14€1,469€1,469=
Amounts payable17/49€243,659€265,668▲
Amounts payable after more than one year17€184,681€195,435▲
Financial debts170/4€184,681€195,435▲
Amounts payable within one year42/48€58,590€65,539▲
Current portion of amounts payable after more than one year42€40,055€42,245▲
Financial debts43€531€465▼
Credit institutions430/8€531€465▼
Trade debts44€4,739€4,552▼
Suppliers440/4€4,739€4,552▼
Taxes, remuneration and social security45€8,272€10,056▲
Taxes450/3€5,257€7,108▲
Remuneration and social security454/9€3,014€2,948▼
Other amounts payable47/48€4,993€8,222▲
Accrued charges and deferred income492/3€388€4,695▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,471€28,815▲
Other operating charges640/8€3,070€3,113▲
Gross operating margin9900€47,359€49,302▲
Operating profit (loss)9901€23,818€17,374▼
Financial income75/76B€967€1,286▲
Recurring financial income75€967€1,286▲
Financial charges65/66B€4,105€5,514▲
Recurring financial charges65€4,105€5,514▲
Profit (loss) for the period before taxes9903€20,680€13,145▼
Income taxes67/77€6,830€4,752▼
Profit (loss) for the period9904€13,850€8,394▼
Profit (loss) for the period to be appropriated9905€13,850€8,394▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,319€9,862▼
Profit (loss) brought forward from the previous period14P€1,469€1,469=
Transfer to equity691/2€13,850€8,394▼
To other reserves6921€13,850€8,394▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,110€39,004€43,667€46,274€22,746€20,471€28,815▲ 40.8%
Other operating charges640/8---€3,384€3,463€3,070€3,113▲ 1.4%
Gross operating margin9900€85,471€66,588€63,703€64,161€58,601€47,359€49,302▲ 4.1%
Operating profit (loss)9901€43,237€25,763€17,315€14,503€32,392€23,818€17,374▼ 27.1%
Financial income75/76B---€535€480€967€1,286▲ 32.9%
Recurring financial income75€377€404€797€535€480€967€1,286▲ 32.9%
Financial charges65/66B---€6,709€5,331€4,105€5,514▲ 34.3%
Recurring financial charges65€4,997€8,300€4,189€6,709€5,331€4,105€5,514▲ 34.3%
Profit (loss) for the period before taxes9903€38,618€17,867€13,922€8,329€27,541€20,680€13,145▼ 36.4%
Income taxes67/77€12,275€5,961€4,384€3,368€8,882€6,830€4,752▼ 30.4%
Profit (loss) for the period9904€26,343€11,905€9,538€4,961€18,658€13,850€8,394▼ 39.4%
Profit (loss) for the period to be appropriated9905€26,343€11,905€9,538€4,961€18,658€13,850€8,394▼ 39.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€480,956€497,482€495,147€448,354€434,743€418,922€449,325▲ 7.3%
Fixed assets21/28€375,334€375,841€380,669€340,137€317,391€326,236€362,441▲ 11.1%
Tangible fixed assets22/27€375,334€375,841€380,669€340,137€317,391€326,236€362,441▲ 11.1%
Land and buildings22---€331,977€311,621€321,075€305,336▼ 4.9%
Plant, machinery and equipment23---€756€401€291€2,120▲ 628%
Furniture and vehicles24---€7,404€5,369€4,870€54,985▲ 1,029%
Current assets29/58€105,622€121,641€114,478€108,217€117,352€92,686€86,884▼ 6.3%
Amounts receivable within one year40/41€22,287€38,514€30,044€17,993€32,554€27,680€24,615▼ 11.1%
Trade receivables40---€17,939€30,594€24,162€24,615▲ 1.9%
Other amounts receivable41---€55€1,960€3,518€0▼ 100%
Current investments50/53€25,327€24,279€20,253€19,056€19,128€17,116€16,630▼ 2.8%
Cash at bank and in hand54/58€56,202€55,960€60,965€56,682€53,155€35,163€31,386▼ 10.7%
Deferred charges and accrued income490/1---€14,486€12,515€12,727€14,253▲ 12.0%
Equity and liabilities
Total equity and liabilities10/49€480,956€497,482€495,147€448,354€434,743€418,922€449,325▲ 7.3%
Equity10/15€110,150€122,056€131,594€136,555€161,413€175,263€183,657▲ 4.8%
Contributions10/11€12,400--€12,400€18,600€18,600€18,600=
Reserves13€96,282€108,187€117,725€122,686€141,344€155,194€163,588▲ 5.4%
Non-distributable reserves130/1---€1,860€0---
Reserves not available under the articles1311---€1,860€0---
Distributable reserves133---€120,826€141,344€155,194€163,588▲ 5.4%
Profit (loss) carried forward14€1,469€1,469€1,469€1,469€1,469€1,469€1,469=
Amounts payable17/49€370,805€375,427€363,553€311,800€273,330€243,659€265,668▲ 9.0%
Amounts payable after more than one year17€308,902€310,578€288,335€243,022€214,072€184,681€195,435▲ 5.8%
Financial debts170/4---€243,022€214,072€184,681€195,435▲ 5.8%
Amounts payable within one year42/48€58,206€64,201€74,433€68,017€53,682€58,590€65,539▲ 11.9%
Current portion of amounts payable after more than one year42---€51,490€33,305€40,055€42,245▲ 5.5%
Financial debts43---€305€184€531€465▼ 12.6%
Credit institutions430/8---€305€184€531€465▼ 12.6%
Trade debts44€6,114€12,389€10,145€8,889€4,466€4,739€4,552▼ 3.9%
Suppliers440/4---€8,889€4,466€4,739€4,552▼ 3.9%
Taxes, remuneration and social security45---€2,803€15,439€8,272€10,056▲ 21.6%
Taxes450/3---€2,803€15,439€5,257€7,108▲ 35.2%
Remuneration and social security454/9-----€3,014€2,948▼ 2.2%
Other amounts payable47/48---€4,530€288€4,993€8,222▲ 64.7%
Accrued charges and deferred income492/3---€761€5,577€388€4,695▲ 1,109%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€26,343€11,905€9,538€4,961€18,658€13,850€8,394▼ 39.4%
+ Depreciation and write-downs630€40,110€39,004€43,667€46,274€22,746€20,471€28,815▲ 40.8%
Operating cash flow (approximation)€66,453€50,909€53,205€51,235€41,405€34,321€37,209▲ 8.4%
Investment in fixed assets (approximation)--€39,511-€48,495-€5,742€0-€29,316-€65,021▼ 122%
Change in cash--€242€5,005-€4,283-€3,527-€17,992-€3,777▲ 79.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Of 24,528 companies in this sector we hold annual accounts for 9,702. 7,255 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector