BLT
ActiveSummary
BLT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €320,951 and a net result of €16,149. Equity is growing by ~68.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-21
Solvency84▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.37 against 2.89 in 2023; short-term debt: 40.5% and cash: 0.1% of total assets), and 40.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
34 d late
2021
31 d early
2020
32 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€178,466
EBIT margin
7.4%
Net result
€16,149▼ 81.6%
2023 · €87,849
Working capital
€299,259▲ 5.8%
2023 · €282,977
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20192020202120232024
Turnover€178,466-
Operating result€13,186-€11,126▼ 15.6%€32,170▲ 189%€124,637-€118,864▼ 4.6%
Net result€8,308-€6,810within the sector's middle half▼ 18.0%€22,372within the sector's middle half▲ 229%€87,849above the sector's middle half-€16,149within the sector's middle half▼ 81.6%
EBIT margin7.4%-
Equity€28,308-€35,118within the sector's middle half▲ 24.1%€57,489within the sector's middle half▲ 63.7%€294,662above the sector's middle half-€320,951above the sector's middle half▲ 8.9%
Total assets€51,987-€63,227below the sector's middle half▲ 21.6%€90,711within the sector's middle half▲ 43.5%€454,096above the sector's middle half-€539,554above the sector's middle half▲ 18.8%
Debt€23,680-€28,109▲ 18.7%€33,222▲ 18.2%€159,434-€218,603▲ 37.1%
Working capital€19,686-€29,237within the sector's middle half▲ 48.5%€53,518within the sector's middle half▲ 83.0%€282,977above the sector's middle half-€299,259above the sector's middle half▲ 5.8%
Solvency54.5%-55.5%within the sector's middle half▲ 1.1pp63.4%within the sector's middle half▲ 7.8pp64.9%within the sector's middle half-59.5%within the sector's middle half▼ 5.4pp
Current ratio1.83-2.04within the sector's middle half▲ 0.212.61within the sector's middle half▲ 0.572.89within the sector's middle half-2.37within the sector's middle half▼ 0.52
Return on assets (ROA)16.0%-10.8%within the sector's middle half▼ 5.2pp24.7%above the sector's middle half▲ 13.9pp19.3%above the sector's middle half-3.0%within the sector's middle half▼ 16.4pp
Staff (FTE)1.6-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €539,554
Fixed assets
€21,692 ▲ 2.1%
Current assets
€517,862 ▲ 19.6%
Equity and liabilities €539,554
Equity
€320,951 ▲ 8.9%
Debt
€218,603 ▲ 37.1%
Debt's share of the balance-sheet total rises from 35.1% to 40.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€126,669▼
2023 · €131,897
Cash flow
€23,954▼
2023 · €95,109
Debt to equity
0.68▲
2023 · 0.54
ROE
5.0%▼
2023 · 29.8%
Interest coverage
148.49▼
2023 · 178.93
Debt ≤ 1 year
€218,603▲
2023 · €149,880
Income taxes
€110,847▲
2023 · €41,463
Staff costs
€55,705▼
2023 · €68,154
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,639 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 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €178,466 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €68,154 | €55,705 | ▼ 18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,580 | €3,847 | €3,207 | €7,260 | €7,805 | ▲ 7.5% |
| Other operating charges640/8 | - | - | €4,510 | €17,869 | €9,773 | ▼ 45.3% |
| Gross operating margin9900 | €24,214 | €16,887 | €39,887 | €217,920 | €192,147 | ▼ 11.8% |
| Operating profit (loss)9901 | €13,186 | €11,126 | €32,170 | €124,637 | €118,864 | ▼ 4.6% |
| Financial income75/76B | - | - | €127 | €5,411 | €8,984 | ▲ 66.0% |
| Recurring financial income75 | €0 | €0 | €127 | €5,411 | €8,984 | ▲ 66.0% |
| Financial charges65/66B | - | - | €89 | €737 | €853 | ▲ 15.7% |
| Recurring financial charges65 | €87 | €2 | €89 | €737 | €853 | ▲ 15.7% |
| Profit (loss) for the period before taxes9903 | €13,099 | €11,124 | €32,207 | €129,311 | €126,995 | ▼ 1.8% |
| Income taxes67/77 | €4,791 | €4,314 | €9,836 | €41,463 | €110,847 | ▲ 167% |
| Profit (loss) for the period9904 | €8,308 | €6,810 | €22,372 | €87,849 | €16,149 | ▼ 81.6% |
| Profit (loss) for the period to be appropriated9905 | €8,308 | €6,810 | €22,372 | €87,849 | €16,149 | ▼ 81.6% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,987 | €63,227 | €90,711 | €454,096 | €539,554 | ▲ 18.8% |
| Fixed assets21/28 | €8,621 | €5,880 | €3,971 | €21,239 | €21,692 | ▲ 2.1% |
| Tangible fixed assets22/27 | €8,621 | €5,880 | €3,971 | €21,239 | €21,692 | ▲ 2.1% |
| Plant, machinery and equipment23 | - | - | - | €6,551 | €10,721 | ▲ 63.7% |
| Furniture and vehicles24 | - | - | €3,971 | €14,688 | €10,971 | ▼ 25.3% |
| Current assets29/58 | €43,366 | €57,346 | €86,740 | €432,857 | €517,862 | ▲ 19.6% |
| Amounts receivable after more than one year29 | - | - | - | €253,126 | €368,813 | ▲ 45.7% |
| Trade receivables290 | - | - | - | - | €8,983 | - |
| Other amounts receivable291 | - | - | - | €253,126 | €359,830 | ▲ 42.2% |
| Amounts receivable within one year40/41 | €23,272 | €38,453 | €68,677 | €172,144 | €148,670 | ▼ 13.6% |
| Trade receivables40 | - | - | €57,661 | €153,204 | €132,577 | ▼ 13.5% |
| Other amounts receivable41 | - | - | €11,016 | €18,940 | €16,093 | ▼ 15.0% |
| Cash at bank and in hand54/58 | €20,094 | €16,072 | €17,550 | €7,588 | €379 | ▼ 95.0% |
| Deferred charges and accrued income490/1 | - | - | €514 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,987 | €63,227 | €90,711 | €454,096 | €539,554 | ▲ 18.8% |
| Equity10/15 | €28,308 | €35,118 | €57,489 | €294,662 | €320,951 | ▲ 8.9% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1,860 | €15,118 | €37,489 | €274,662 | €300,951 | ▲ 9.6% |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €35,629 | €274,662 | €300,951 | ▲ 9.6% |
| Profit (loss) carried forward14 | €6,448 | - | - | - | - | - |
| Amounts payable17/49 | €23,680 | €28,109 | €33,222 | €159,434 | €218,603 | ▲ 37.1% |
| Amounts payable within one year42/48 | €23,680 | €28,109 | €33,222 | €149,880 | €218,603 | ▲ 45.9% |
| Trade debts44 | €16,051 | €5,410 | €15,709 | €54,973 | €104,837 | ▲ 90.7% |
| Suppliers440/4 | - | - | €15,709 | €54,973 | €104,837 | ▲ 90.7% |
| Taxes, remuneration and social security45 | - | - | €17,514 | €93,769 | €112,628 | ▲ 20.1% |
| Taxes450/3 | - | - | €14,150 | €91,466 | €112,628 | ▲ 23.1% |
| Remuneration and social security454/9 | - | - | €3,364 | €2,304 | - | - |
| Other amounts payable47/48 | - | - | - | €1,138 | €1,138 | = |
| Accrued charges and deferred income492/3 | - | - | - | €9,554 | - | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,308 | €6,810 | €22,372 | €87,849 | €16,149 | ▼ 81.6% |
| + Depreciation and write-downs630 | €5,580 | €3,847 | €3,207 | €7,260 | €7,805 | ▲ 7.5% |
| Operating cash flow (approximation) | €13,888 | €10,657 | €25,579 | €95,109 | €23,954 | ▼ 74.8% |
| Investment in fixed assets (approximation) | - | -€1,106 | -€1,298 | - | -€8,258 | - |
| Change in cash | - | -€4,022 | €1,478 | - | -€7,208 | - |
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
2026
09-06
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- Registered-office move, Bisschoppenhoflaan 214, 2100 Antwerpen
- General meeting, 31-03-2026
- Director in office, Mustafa Bolat (director)
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 98 days late
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
31-12
Financial
Highest result since 2019net €87,849 ▲293%
Operating result €124,637, net result €87,849, both a record.
31-12
Financial
Equity above €200,000Eq €294,662 ▲413%
4 profitable years in a row build equity to €294,662.
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €6,810 ▼18%
Net result drops to €6,810, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
268 m²
Building footprint
102 m²
Volume, LiDAR
1,033 m³
Parcel 11342A0111/00F003, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BLT
since 20182.277.893.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11342A0111/00F003 | Flanders | 268 m² | 1 · 102 m² | 12.3 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesBLT BV44535
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GRONDWERKEN JO DEJAEGER
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Of 8,465 companies in sector 43120 we hold annual accounts for 3,233. 2,410 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
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42110Construction of roads and motorways
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700199745
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.