BLUE HEAT
ActiveBLUE HEAT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263k and a net result of €51k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-19
Solvency74▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.7 in 2024; short-term debt: 51.4% and cash: 40.8% of total assets), but 51.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
48.6%
Return on assets
9.4%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
27 d early
2023
43 d early
2022
24 d early
2021
32 d early
2020
25 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€263k▼ 21.9%
2024 · €337k
2018: €149k
2019: €170k
2020: €202k
2021: €205k
2022: €244k
2023: €336k
2024: €337k
2018 → 2025
Total assets
€542k▼ 24.9%
2024 · €721k
2018: €326k
2019: €372k
2020: €274k
2021: €304k
2022: €403k
2023: €629k
2024: €721k
2018 → 2025
Net result
€51k▼ 85.5%
2024 · €353k
2018: €158k
2019: €158k
2020: €32k
2021: €73k
2022: €110k
2023: €282k
2024: €353k
2018 → 2025
Working capital
€212k▼ 21.1%
2024 · €269k
2018: €128k
2019: €161k
2020: €199k
2021: €203k
2022: €244k
2023: €255k
2024: €269k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€205k-€244k▲ 19.4%€336k▲ 37.6%€337k▲ 0.3%€263k▼ 21.9%
Operating result€74k-€125k▲ 68.7%€315k▲ 152%€357k▲ 13.5%€71k▼ 80.2%
Net result€73k-€110k▲ 51.1%€282k▲ 157%€353k▲ 25.2%€51k▼ 85.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €542k
Fixed assets
€51k▼ 25.1%
Current assets
€491k▼ 24.9%
Equity and liabilities €542k
Equity
€263k▼ 21.9%
Debt
€279k▼ 27.5%
The debt ratio falls from 53.3% to 51.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€89k▼
2024 · €375k
Cash flow
€70k▼
2024 · €371k
Solvency
48.6%▲
2024 · 46.7%
Current ratio
1.76▲
2024 · 1.70
Quick ratio
1.75▲
2024 · 1.52
Debt / equity
1.06▼
2024 · 1.14
ROE
19.4%▼
2024 · 104.7%
ROA
9.4%▼
2024 · 48.9%
Interest coverage
44.41▼
2024 · 120.11
Debt
€279k▼
2024 · €384k
Debt ≤ 1 year
€279k▼
2024 · €384k
Income taxes
€18k▲
2024 · €1k
Staff costs
€6k▼
2024 · €124k
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€721k€542k▼
Fixed assets21/28€68k€51k▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€64k€47k▼
Furniture and vehicles24€64k€47k▼
Current assets29/58€653k€491k▼
Stocks and contracts in progress3€68k€4k▼
Contracts in progress37€68k€4k▼
Amounts receivable within one year40/41€317k€260k▼
Trade receivables40€186k€137k▼
Other amounts receivable41€132k€123k▼
Cash at bank and in hand54/58€260k€221k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€721k€542k▼
Equity10/15€337k€263k▼
Contributions10/11€30k€30k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€304k€230k▼
Amounts payable17/49€384k€279k▼
Amounts payable within one year42/48€384k€279k▼
Trade debts44€169k€92k▼
Suppliers440/4€169k€92k▼
Advances received on contracts in progress46€110k€61k▼
Taxes, remuneration and social security45€20k€628▼
Taxes450/3€8k€0▼
Remuneration and social security454/9€13k€628▼
Other amounts payable47/48€85k€125k▲
Income statement
Code20242025
Remuneration, social security and pensions62€124k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€2k▼
Gross operating margin9900€502k€96k▼
Operating profit (loss)9901€357k€71k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€354k€69k▼
Income taxes67/77€1k€18k▲
Profit (loss) for the period9904€353k€51k▼
Profit (loss) for the period to be appropriated9905€353k€51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€656k€355k▼
Profit (loss) brought forward from the previous period14P€303k€304k▲
Profit to be distributed694/7€352k€125k▼
Return on contributions (dividend)694-€125k
Directors or managers695€352k€0▼
Social balance
Average headcount (FTE)9087-0.1
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €353k ▲25.2%
Operating result €357k, net result €353k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €32k ▼80%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.77
Current ratio from 1.80 to 3.77; short-term debt falls from €201k to €72k.
31-12
Financial
Equity above €200kEq €202k ▲18.6%
3 profitable years in a row build equity to €202k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €170k ▲14.4%
2 profitable years in a row build equity to €170k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Bonheiden · 1 establishment unit since 2011
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.
Kievitlaan 62820 BonheidenGround area
1,818 m²
Building footprint
318 m²
Volume, LiDAR
1,716 m³
Parcel 12005D0108/00N000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kievitlaan 6, 2820 Bonheiden
since 20112.200.962.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005D0108/00N000 | Flanders | 1,818 m² | 1 · 318 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 5,700 EUR awarded · 5,700 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 5,700 EUR | 5,700 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 38,730 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2011
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
28990Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.