BLUE COM
ActiveSummary
The computed 12-month bankruptcy probability of BLUE COM is 1.6% (moderate). The 2025 annual accounts show equity of €964,378 and a net result of €217,034. Equity is growing by ~94.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 462 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-2
Solvency81▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.6 in 2024; short-term debt: 42.2% and cash: 35.2% of total assets), and 43.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.3%
Return on assets
12.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
59 d early
2021
4 d late
2020
17 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€279,255▲ 79.4%
2019 · €155,627
EBIT margin
4.1%▼ 11.1pp
2019 · 15.1%
Net result
€217,034▲ 6.3%
2024 · €204,093
Working capital
€710,120▲ 84.4%
2024 · €385,162
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
Line20212022202320242025
Turnover
Operating result€167,055▲ 1,375%€58,523▼ 65.0%€486,522▲ 731%€301,902▼ 37.9%€327,264▲ 8.4%
Net result€118,117▲ 1,302%€30,131▼ 74.5%€349,045▲ 1,058%€204,093▼ 41.5%€217,034▲ 6.3%
EBIT margin
Equity€157,505▲ 300%€187,636▲ 19.1%€543,250▲ 190%€747,344▲ 37.6%€964,378▲ 29.0%
Total assets€297,704▲ 244%€481,713▲ 61.8%€1.0m▲ 108%€1.4m▲ 38.5%€1.7m▲ 23.5%
Debt€133,630▲ 230%€287,508▲ 115%€458,866▲ 59.6%€640,574▲ 39.6%€749,671▲ 17.0%
Working capital€120,509▲ 171%€150,919▲ 25.2%€309,573▲ 105%€385,162▲ 24.4%€710,120▲ 84.4%
Staff (FTE)0.60.3▼ 50.0%
Why a figure moved sharply
- 2021 Net result +1,302% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€280,470 ▼ 22.6%
Current assets
€1.4m ▲ 39.8%
Equity and liabilities €1.7m
Equity
€964,378 ▲ 29.0%
Debt
€749,671 ▲ 17.0%
Debt's share of the balance-sheet total falls from 46.2% to 43.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€357,127▲
2024 · €326,508
Cash flow
€246,897▲
2024 · €228,699
Current ratio
1.98▲
2024 · 1.60
Quick ratio
1.89▲
2024 · 1.54
Debt to equity
0.78▼
2024 · 0.86
ROE
22.5%▼
2024 · 27.3%
ROA
12.7%▼
2024 · 14.7%
Interest coverage
27.90▼
2024 · 63.18
Debt ≤ 1 year
€723,458▲
2024 · €640,200
Debt > 1 year
€25,558
Income taxes
€98,051▲
2024 · €92,925
Staff costs
€1,923▼
2024 · €3,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,058 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 34,672 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3,464 | €1,923 | ▼ 44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,741 | €14,543 | €19,098 | €24,606 | €29,863 | ▲ 21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,052 | - | - |
| Other operating charges640/8 | - | €2,516 | €2,747 | €6,642 | €4,054 | ▼ 39.0% |
| Gross operating margin9900 | €180,993 | €75,582 | €508,366 | €337,666 | €363,105 | ▲ 7.5% |
| Operating profit (loss)9901 | €167,055 | €58,523 | €486,522 | €301,902 | €327,264 | ▲ 8.4% |
| Financial income75/76B | - | €44 | €939 | €284 | €620 | ▲ 118% |
| Recurring financial income75 | €183 | €44 | €939 | €284 | €620 | ▲ 118% |
| Financial charges65/66B | - | €2,044 | €2,416 | €5,168 | €12,799 | ▲ 148% |
| Recurring financial charges65 | €518 | €2,044 | €2,416 | €5,168 | €12,799 | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €166,720 | €56,523 | €485,044 | €297,018 | €315,085 | ▲ 6.1% |
| Income taxes67/77 | €48,603 | €26,391 | €136,000 | €92,925 | €98,051 | ▲ 5.5% |
| Profit (loss) for the period9904 | €118,117 | €30,131 | €349,045 | €204,093 | €217,034 | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €118,117 | €30,131 | €349,045 | €204,093 | €217,034 | ▲ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €297,704 | €481,713 | €1.0m | €1.4m | €1.7m | ▲ 23.5% |
| Fixed assets21/28 | €43,565 | €48,934 | €233,760 | €362,556 | €280,470 | ▼ 22.6% |
| Intangible fixed assets21 | - | - | €1,098 | €732 | €366 | ▼ 50.0% |
| Tangible fixed assets22/27 | €42,885 | €48,254 | €80,240 | €103,332 | €118,131 | ▲ 14.3% |
| Land and buildings22 | - | €30,031 | €26,681 | €47,762 | €43,254 | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €2,463 | €3,985 | €2,249 | €1,658 | ▼ 26.3% |
| Furniture and vehicles24 | - | €15,760 | €49,574 | €53,321 | €73,219 | ▲ 37.3% |
| Financial fixed assets28 | €680 | €680 | €152,421 | €258,492 | €161,974 | ▼ 37.3% |
| Current assets29/58 | €254,139 | €432,780 | €768,356 | €1.0m | €1.4m | ▲ 39.8% |
| Amounts receivable after more than one year29 | - | - | €100,000 | - | - | - |
| Other amounts receivable291 | - | - | €100,000 | - | - | - |
| Stocks and contracts in progress3 | - | - | - | €38,265 | €66,048 | ▲ 72.6% |
| Stocks30/36 | - | - | - | €38,265 | €66,048 | ▲ 72.6% |
| Amounts receivable within one year40/41 | €84,181 | €287,785 | €506,875 | €794,139 | €721,595 | ▼ 9.1% |
| Trade receivables40 | - | €141,143 | €414,343 | €319,829 | €117,407 | ▼ 63.3% |
| Other amounts receivable41 | - | €146,642 | €92,532 | €474,310 | €604,188 | ▲ 27.4% |
| Cash at bank and in hand54/58 | €167,579 | €139,690 | €155,381 | €182,828 | €603,218 | ▲ 230% |
| Deferred charges and accrued income490/1 | - | €5,305 | €6,099 | €10,130 | €42,717 | ▲ 322% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €297,704 | €481,713 | €1.0m | €1.4m | €1.7m | ▲ 23.5% |
| Equity10/15 | €157,505 | €187,636 | €543,250 | €747,344 | €964,378 | ▲ 29.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | €6,200 | - | - | - |
| Share premium1100/10 | - | - | €6,200 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €537,050 | €741,144 | €958,178 | ▲ 29.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | €6,569 | €6,569 | €6,569 | = |
| Distributable reserves133 | - | - | €528,621 | €734,574 | €951,609 | ▲ 29.5% |
| Profit (loss) carried forward14 | €149,445 | €179,576 | - | - | - | - |
| Provisions and deferred taxes16 | €6,569 | €6,569 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €6,569 | - | - | - | - |
| Environmental obligations163 | - | €6,569 | - | - | - | - |
| Amounts payable17/49 | €133,630 | €287,508 | €458,866 | €640,574 | €749,671 | ▲ 17.0% |
| Amounts payable after more than one year17 | - | €5,647 | - | - | €25,558 | - |
| Financial debts170/4 | - | €5,647 | - | - | €25,558 | - |
| Amounts payable within one year42/48 | €133,630 | €281,861 | €458,783 | €640,200 | €723,458 | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €15,340 | €80,978 | €129,044 | €149,217 | ▲ 15.6% |
| Trade debts44 | €77,357 | €219,233 | €305,818 | €481,832 | €573,889 | ▲ 19.1% |
| Suppliers440/4 | - | €219,233 | €305,818 | €481,832 | €573,889 | ▲ 19.1% |
| Advances received on contracts in progress46 | - | - | - | - | €350 | - |
| Taxes, remuneration and social security45 | - | €46,402 | €71,987 | €29,324 | €2 | ▼ 100.0% |
| Taxes450/3 | - | €34,149 | €45,909 | €29,221 | €2 | ▼ 100.0% |
| Remuneration and social security454/9 | - | €12,253 | €26,078 | €103 | - | - |
| Other amounts payable47/48 | - | €886 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €82 | €374 | €654 | ▲ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,117 | €30,131 | €349,045 | €204,093 | €217,034 | ▲ 6.3% |
| + Depreciation and write-downs630 | €7,741 | €14,543 | €19,098 | €24,606 | €29,863 | ▲ 21.4% |
| Operating cash flow (approximation) | €125,859 | €44,674 | €368,143 | €228,699 | €246,897 | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | -€19,912 | -€203,923 | -€153,402 | €52,223 | ▲ 134% |
| Change in cash | - | -€27,889 | €15,692 | €27,446 | €420,391 | ▲ 1,432% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €349,045 ▲1,058%
Operating result €486,522, net result €349,045, both a record.
31-03
Financial
Equity above €500,000Eq €543,250 ▲190%
5 profitable years in a row build equity to €543,250.
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
31-03
Financial
Equity above €150,000Eq €157,505 ▲300%
3 profitable years in a row build equity to €157,505.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
31-03
Financial
Weakest financial yearnet €8,424 ▼53.7%
Net result drops to €8,424, the lowest in the series; recovery starts the following year.
2019
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Anderlecht · 1 establishment unit since 2016
Ground area
3,399 m²
Building footprint
900 m²
Volume, LiDAR
51,912 m³
Parcel 21306C0111/00E000, Brussels · tallest building 63.7 m, ±19 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
BLUE COM
since 20162.256.943.342
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0111/00E000 | Brussels | 3,399 m² | 1 · 900 m² | 63.7 m · 19 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.
Similar companies · same sector, comparable size
ZETTA
BE 0870.332.993
Namur · Eq €952,324
LES P'TITES FEES BLEUES
BE 0884.224.680
Sint-Pieters-Woluwe · Eq €978,056
LA BUANDERIE
BE 0892.328.437
Verviers · Eq €980,410
JEFAR-T-SERVICES
BE 0821.615.338
Liège · Eq €945,484
HHH
BE 0820.201.118
Gingelom · Eq €943,554
Of 7,364 companies in sector 81210 we hold annual accounts for 2,737. 913 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
Founded07-09-2016
Fiscal year end31-03
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
81210General cleaning of buildings
42211Civil engineering
43230Insulation installation
43240Other construction installation
53100Postal and courier activities
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662406466
Also
9925:BE0662406466
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.