BLU INNOVATION
ActiveBLU INNOVATION has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €148k and a net result of €7k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 58 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability46▼-18
Solvency92▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
short-term debt: 0.5% and cash: 39.1% of total assets, and 32.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
67.3%
Return on assets
3.3%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 17-07-2026, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
106 d early
2025
60 d early
2024
97 d early
2023
112 d early
2022
103 d early
2021
101 d early
2020
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k▼ 68.4%
2025 · €23k
2019: €-4k
2020: €-10k
2021: €122k
2022: €8k
2023: €12k
2024: €20k
2025: €23k
2019 → 2026
Working capital
€219k▲ 13.7%
2024 · €192k
2019: €-26k
2020: €-30k
2021: €165k
2022: €167k
2023: €172k
2024: €192k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€80k-€91k▲ 14.5%€111k▲ 22.3%€134k▲ 20.5%€148k▲ 10.2%
Operating result€284-€4k▲ 1,334%€19k▲ 361%€21k▲ 13.2%€5k▼ 76.4%
Net result€8k-€12k▲ 42.2%€20k▲ 76.2%€23k▲ 12.6%€7k▼ 68.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 76% below 2025.
Balance-sheet composition
Equity and liabilities €220k
Equity
€148k
Provisions
€71k
Debt
€1k
Debt finances 0.5% of the balance-sheet total.
Key figures and ratios
Solvency
67.3%▲
2025 · 63.4%
Debt / equity
0.01
ROE
4.9%▼
2025 · 17.0%
ROA
3.3%▼
2025 · 10.8%
Debt
€1k
Debt ≤ 1 year
€1k
A ratio outside any meaningful range has been withheld (balance sheet total €220k, equity €148k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€212k€220k▲
Current assets29/58€212k€220k▲
Amounts receivable within one year40/41€93k€89k▼
Trade receivables40€68k€74k▲
Other amounts receivable41€25k€15k▼
Current investments50/53€45k€45k=
Cash at bank and in hand54/58€74k€86k▲
Equity and liabilities
Total equity and liabilities10/49€212k€220k▲
Equity10/15€134k€148k▲
Contributions10/11€50k€50k=
Capital10€50k€50k=
Issued capital100€50k€50k=
Reserves13€116k€106k▼
Tax-exempt reserves132€116k€106k▼
Profit (loss) carried forward14€-32k€-8k▲
Provisions and deferred taxes16€77k€71k▼
Deferred taxes168€77k€71k▼
Amounts payable17/49-€1k
Amounts payable within one year42/48-€1k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20252026
Other operating charges640/8€489€689▲
Gross operating margin9900€22k€6k▼
Operating profit (loss)9901€21k€5k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€94€88▼
Recurring financial charges65€94€88▼
Profit (loss) for the period before taxes9903€23k€7k▼
Profit (loss) for the period9904€23k€7k▼
Transfer from tax-exempt reserves789-€16k
Profit (loss) for the period to be appropriated9905€23k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-8k▲
Profit (loss) brought forward from the previous period14P€-55k€-32k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €100kEq €111k ▲22.3%
4 profitable years in a row build equity to €111k.
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €122k
Net result €122k after 2 loss-making years.
31-03
Financial
Liquidity times 20current ratio 7.80
Current ratio from 0.39 to 7.80; short-term debt falls from €49k to €24k.
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Michielslaan 1231040 EtterbeekGround area
504 m²
Building footprint
328 m²
Volume, LiDAR
4,819 m³
2 parcels, Brussels · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BLU INNOVATION
since 20092.181.549.794
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0294/00E005 | Brussels | 360 m² | 1 · 206 m² | 21.3 m · 6 fl. |
| 21818B0550/00N009 | Brussels | 144 m² | 1 · 122 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6994000IMVSH5YK4J470
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RESPONSESTUDIOS
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FODIM
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 40,829 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2009
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.