BLUE KEY
Open bankruptcyA bankruptcy procedure is open for BLUE KEY according to publications in the Belgian State Gazette; curator: FILIP SELS.
Summary
The 2024 annual accounts show negative equity (-€18,814) and a net result of €3,080.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 17 February 2026
- Supervising judge
- Willy Roels
- Official Gazette
- 23-02-2026 (pdf) ↗search the document for 2026/107615
Deadlines
- Provisional date payments stopped
- 17 February 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 10 March 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 19 March 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 April 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 17 February 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Filip SelsHemelstraat 3, 2018 Antwerpen 1filip@selslaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8968 sector peers (2024).
NBB · sector comparisonPosition among 8968 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
28 d early
2022
30 d late
2021
38 d late
2020
61 d late
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Public relations and communication consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€18,814▲ 14.1%
2023 · -€21,893
Total assets
€11,988▲ 15.8%
2023 · €10,350
Net result
€3,080
2023 · -€253
Working capital
-€18,814▲ 14.1%
2023 · -€21,893
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€52,546-€54,752€3,866-€981€7,553
Net result€53,945above the sector's middle half-€53,349below the sector's middle half-€1,829below the sector's middle half▲ 96.6%-€253within the sector's middle half▲ 86.2%€3,080within the sector's middle half
Equity€33,538within the sector's middle half-€19,811below the sector's middle half-€21,640below the sector's middle half▼ 9.2%-€21,893below the sector's middle half▼ 1.2%-€18,814below the sector's middle half▲ 14.1%
Total assets€67,780within the sector's middle half▼ 42.5%€132,667within the sector's middle half▲ 95.7%€11,653below the sector's middle half▼ 91.2%€10,350below the sector's middle half▼ 11.2%€11,988below the sector's middle half▲ 15.8%
Debt€34,242▼ 75.2%€152,478▲ 345%€33,293▼ 78.2%€32,244▼ 3.2%€30,802▼ 4.5%
Working capital€31,318within the sector's middle half-€19,811below the sector's middle half-€21,640below the sector's middle half▼ 9.2%-€21,893below the sector's middle half▼ 1.2%-€18,814below the sector's middle half▲ 14.1%
Solvency49.5%within the sector's middle half▲ 66.8pp-14.9%below the sector's middle half▼ 64.4pp-185.7%below the sector's middle half▼ 170.8pp-211.5%below the sector's middle half▼ 25.8pp-156.9%below the sector's middle half▲ 54.6pp
Current ratio1.91within the sector's middle half▲ 1.080.87below the sector's middle half▼ 1.040.35below the sector's middle half▼ 0.520.32below the sector's middle half▼ 0.030.39below the sector's middle half▲ 0.07
Return on assets (ROA)79.6%above the sector's middle half▲ 137.5pp-40.2%below the sector's middle half▼ 119.8pp-15.7%below the sector's middle half▲ 24.5pp-2.4%below the sector's middle half▲ 13.3pp25.7%within the sector's middle half▲ 28.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7,553 after a loss of €981 in 2023.
Key figures and ratios
Debt to equity
-1.64▼
2023 · -1.47
Debt ≤ 1 year
€30,802▼
2023 · €32,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €248 | - | - | - | - | - |
| Other operating charges640/8 | - | €486 | €450 | €565 | €118 | ▼ 79.1% |
| Gross operating margin9900 | €53,241 | -€54,266 | €4,315 | -€417 | €7,671 | ▲ 1,941% |
| Operating profit (loss)9901 | €52,546 | -€54,752 | €3,866 | -€981 | €7,553 | ▲ 870% |
| Financial income75/76B | - | €1,749 | €6,828 | €0 | €55 | ▲ 545,800% |
| Recurring financial income75 | €1,724 | €1,749 | €6,828 | €0 | €55 | ▲ 545,800% |
| Financial charges65/66B | - | €346 | €12,523 | -€728 | €4,528 | ▲ 722% |
| Recurring financial charges65 | €325 | €346 | €12,523 | -€728 | €4,528 | ▲ 722% |
| Profit (loss) for the period before taxes9903 | €53,945 | -€53,349 | -€1,829 | -€253 | €3,080 | ▲ 1,316% |
| Profit (loss) for the period9904 | €53,945 | -€53,349 | -€1,829 | -€253 | €3,080 | ▲ 1,316% |
| Profit (loss) for the period to be appropriated9905 | €53,945 | -€53,349 | -€1,829 | -€253 | €3,080 | ▲ 1,316% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,780 | €132,667 | €11,653 | €10,350 | €11,988 | ▲ 15.8% |
| Fixed assets21/28 | €2,220 | - | - | - | - | - |
| Financial fixed assets28 | €2,220 | - | - | - | - | - |
| Current assets29/58 | €65,560 | €132,667 | €11,653 | €10,350 | €11,988 | ▲ 15.8% |
| Amounts receivable after more than one year29 | - | €43,700 | - | - | - | - |
| Other amounts receivable291 | - | €43,700 | - | - | - | - |
| Amounts receivable within one year40/41 | €2,063 | €3,480 | €19 | €50 | €8,941 | ▲ 17,803% |
| Trade receivables40 | - | - | - | - | €6,115 | - |
| Other amounts receivable41 | - | €3,480 | €19 | €50 | €2,826 | ▲ 5,559% |
| Current investments50/53 | - | - | €9,233 | €10,300 | €3,012 | ▼ 70.8% |
| Cash at bank and in hand54/58 | €19,797 | €85,487 | €2,400 | - | €36 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,780 | €132,667 | €11,653 | €10,350 | €11,988 | ▲ 15.8% |
| Equity10/15 | €33,538 | -€19,811 | -€21,640 | -€21,893 | -€18,814 | ▲ 14.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €25,283 | €25,283 | €25,283 | €25,283 | €25,283 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €23,423 | €23,423 | €23,423 | €23,423 | = |
| Profit (loss) carried forward14 | -€10,345 | -€63,694 | -€65,524 | -€65,777 | -€62,697 | ▲ 4.7% |
| Amounts payable17/49 | €34,242 | €152,478 | €33,293 | €32,244 | €30,802 | ▼ 4.5% |
| Amounts payable within one year42/48 | €34,242 | €152,478 | €33,293 | €32,244 | €30,802 | ▼ 4.5% |
| Financial debts43 | - | - | - | €57 | - | - |
| Credit institutions430/8 | - | - | - | €57 | - | - |
| Trade debts44 | €34,185 | €152,390 | €33,205 | €31,181 | €30,802 | ▼ 1.2% |
| Suppliers440/4 | - | €152,390 | €33,205 | €31,181 | €30,802 | ▼ 1.2% |
| Other amounts payable47/48 | - | €88 | €88 | €1,005 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,945 | -€53,349 | -€1,829 | -€253 | €3,080 | ▲ 1,316% |
| + Depreciation and write-downs630 | €248 | - | - | - | - | - |
| Operating cash flow (approximation) | €54,193 | -€53,349 | -€1,829 | -€253 | €3,080 | ▲ 1,316% |
| Change in cash | - | €65,690 | -€83,087 | - | - | - |
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
2026
23-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 17-02-2026
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,080
Net result €3,080 after 3 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €53,945
Net result €53,945 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.83 to 1.91; short-term debt falls from €138,235 to €34,242.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet -€68,265
Net result drops to -€68,265, the lowest in the series.
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 104 days late
Show earlier events
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 78 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 72 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Edegem · 1 establishment unit since 2005
Ground area
32.6 ha
Building footprint
5,507 m²
Volume, LiDAR
34,637 m³
Parcel 11013A0050/00D004, Flanders · tallest building 26.1 m, ±2 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
Blue Key
since 20052.148.392.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0050/00D004 | Flanders | 32.6 ha | 1 · 5,507 m² | 26.1 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FILIP SELS HEMELSTRAAT 3, 2018 ANTWERPEN 1- |
17-02-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
699400W42O1X6106NP31
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,241 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 (pre-2019)
Founded26-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875267127
Also
9925:BE0875267127
Registered
18-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.