Financials
- Fiscal year
- 2025
- Total assets
- €489,312
- Loss
- -€32,300
- Solvency
- 95.2%
BLUE ARMOR
ActiveSummary
BLUE ARMOR has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466,000 and a net result of -€32,300. Its solvency ranks better than 91% of 584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Other research and development on natural sciences
NACE 72109Research and development on biotechnology NACE 72101
1 site
Size
€489,312total assets 2025
- Staff
- 0.5 FTE
- Equity
- €466,000
- Loss
- -€32,300
Turnover not published (abridged schema)
Structure
Accounts filed 60 d late0 of 4 deeds read
Why 91- 1 change of registered office in 24 months- Latest accounts 60 days late; 1 of the last 3 late+ Liquidity: current ratio 22.18, cash €418,709+ Sector Scientific research and development (NACE 72)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Better than 68% of its sector peers (NACE 72, micro)
Performance against the sector, not lower risk
Financial strength
Strong
Solvency
100
equity 95.2% of total assets
Liquidity
100
short-term debt 3.9% · cash 85.6%
Profitability
10
return on assets -6.6%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 1.1%
05-2026: 1.1%● 0.0% vs 04-2026
06-2026: 1.1%▲ +2.9% vs 05-2026
07-2026: 1.2%▲ +3.1% vs 06-2026
08-2026: 1.2%▲ +5.1% vs 07-2026
09-2026: 1.4%▲ +12.1% vs 08-2026highest value
10-2026: 0.2%▼ -85.1% vs 09-2026lowest value
- Liquidity: current ratio 22.18, cash €418,709 lowers the probability
- Sector Scientific research and development (NACE 72) lowers the probability
- 1 change of registered office in 24 months raises the probability
- Latest accounts 60 days late; 1 of the last 3 late raises the probability
Credit up to €40,000 at 30 days only on tighter terms
Liquidity ample (current ratio 22.18; short-term debt: 3.9% and cash: 85.6% of total assets), and 4.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 72, micro). Better than this share of them on solvency 83%, liquidity 96%, profitability 25%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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 · 1 filingDeviation from the deadline
2025
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2026
- 29-09-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other research and development on natural sciencesNACE 72109
- Founded
- 26-03-2025
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark Is the workforce growing, and do people stay?Employer check
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.