Blue Gate Antwerp Development

Active

Public limited companyfounded 201610 yrs activeScheldedijk 30, 2070 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0649.857.537

Blue Gate Antwerp Development has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €621k and a net result of €-682k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

32 / 100

Weak▼ -31 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency35▼-2

Growth31▼-30

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €20k at 30 days only on tighter terms

Liquidity ample (current ratio 2.29 against 2.39 in 2024), but 97.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

2.6%

Return on assets

-2.8%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9099 sector peers (2025).

NBB · sector comparison

Position among 9099 sector peers

Solvency

better than 20%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

74 d early

2024

73 d early

2023

69 d early

2022

47 d early

2021

227 d late

2020

64 d early

2019

46 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€7.79M▲ 81.6%

2023 · €4.29M

2021: €8.20M 2022: €100k 2023: €4.29M

2021 → 2024

EBIT margin

27.6%▲ 40.9pp

2023 · -13.4%

2021: 16.2% 2022: -599.3% 2023: -13.4%

2021 → 2024

Net result

€-682k

2024 · €1.85M

2018: €100k 2019: €-894k 2020: €272k 2021: €1.02M 2022: €-864k 2023: €-865k 2024: €1.85M

2018 → 2025

Working capital

€13.42M▼ 5.7%

2024 · €14.23M

2018: €14.71M 2019: €26.31M 2020: €20.78M 2021: €18.92M 2022: €17.91M 2023: €14.82M 2024: €14.23M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€8.20M-€100k▼ 98.8%€4.29M▲ 4,205%€7.79M▲ 81.6%

Equity€1.19M-€322k▼ 72.9%€-543k€1.30M€621k▼ 52.3%

Operating result€1.33M-€-597k€-573k▲ 4.1%€2.14M€-449k

Net result€1.02M-€-864k€-865k=€1.85M€-682k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €449k after €2.14M in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €24.21M

98.3%

Fixed assets €413k=

Current assets €23.79M▼ 2.8%

Equity and liabilities €24.21M

97.4%

Equity €621k▼ 52.3%

Debt €23.59M=

The debt ratio rises from 94.8% to 97.4%: equity shrinks.

Key figures and ratios

2025 value · change against 2024

Solvency

2.6%▼

2024 · 5.2%

Current ratio

2.29▼

2024 · 2.39

Quick ratio

0.14▼

2024 · 0.27

Debt / equity

37.97▲

2024 · 18.11

ROE

-109.8%▼

2024 · 141.7%

ROA

-2.8%▼

2024 · 7.4%

Debt

€23.59M=

2024 · €23.59M

Debt ≤ 1 year

€10.38M▲

2024 · €10.25M

Debt > 1 year

€667k▼

2024 · €800k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€24.90M€24.21M▼

Fixed assets21/28€413k€413k=

Tangible fixed assets22/27€413k€413k=

Other tangible fixed assets26€413k€413k=

Current assets29/58€24.48M€23.79M▼

Stocks and contracts in progress3€21.72M€22.34M▲

Stocks30/36€21.72M€22.34M▲

Amounts receivable within one year40/41€392k€490k▲

Trade receivables40€68k€2k▼

Other amounts receivable41€324k€488k▲

Cash at bank and in hand54/58€1.51M€107k▼

Deferred charges and accrued income490/1€867k€854k▼

Equity and liabilities

Total equity and liabilities10/49€24.90M€24.21M▼

Equity10/15€1.30M€621k▼

Contributions10/11€1.10M€1.10M=

Capital10€1.10M€1.10M=

Issued capital100€3.08M€3.08M=

Uncalled capital101€1.98M€1.98M=

Reserves13€203k€203k=

Non-distributable reserves130/1€10k€10k=

Legal reserve130€10k€10k=

Distributable reserves133€193k€193k=

Profit (loss) carried forward14-€-682k

Amounts payable17/49€23.59M€23.59M=

Amounts payable after more than one year17€800k€667k▼

Other amounts payable178/9€800k€667k▼

Amounts payable within one year42/48€10.25M€10.38M▲

Current portion of amounts payable after more than one year42€2.93M€2.33M▼

Trade debts44€961k€1.37M▲

Suppliers440/4€961k€1.37M▲

Taxes, remuneration and social security45€131k€450k▲

Taxes450/3€131k€450k▲

Other amounts payable47/48€6.23M€6.23M=

Accrued charges and deferred income492/3€12.54M€12.54M=

Income statement Code20242025

Turnover70€7.79M-

Goods, raw materials, services and sundry goods60/61€8.69M-

Other operating charges640/8€40k€73k▲

Gross operating margin9900€2.19M€-376k▼

Operating profit (loss)9901€2.14M€-449k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€299k€233k▼

Recurring financial charges65€299k€233k▼

Profit (loss) for the period before taxes9903€1.85M€-682k▼

Profit (loss) for the period9904€1.85M€-682k▼

Profit (loss) for the period to be appropriated9905€1.85M€-682k▼

Appropriation of the result

Profit (loss) to be appropriated9906€117k€-682k▼

Profit (loss) brought forward from the previous period14P€-1.73M-

Transfer to equity691/2€117k-

To the legal reserve6920€6k-

To other reserves6921€111k-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Gazette 1Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-08

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 04/05/2026
Auditor appointment, EY Bedrijfsrevisoren BV (commissaris)

18-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

19-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €1.85M

Net result €1.85M after 2 loss-making years.

31-12

Financial Equity above €1MEq €1.30M

Equity rises from €-543k to €1.30M.

23-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

14-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

15-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 227 days late

2021

31-12

Financial Equity above €1MEq €1.19M ▲615%

2 profitable years in a row build equity to €1.19M.

28-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €272k

Net result €272k after one loss-making year.

31-12

Financial Equity above €150kEq €166k

Equity rises from €-106k to €166k.

15-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Weakest financial yearnet €-894k ▼992%

Net result drops to €-894k, the lowest in the series; recovery starts the following year.

24-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

28-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2016

establishment The establishment unit on the map

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.

Scheldedijk 302070 Beveren-Kruibeke-Zwijndrecht

Ground area

2,270 m²

Parcel 11056G0019/00L000, Flanders. Linked by address, not a title deed.

1 establishment unit

Blue Gate Antwerp Development

Scheldedijk 30, 2070 Beveren-Kruibeke-ZwijndrechtConstruction of residential and non-residential buildings