BLUE LAND
ActiveBLUE LAND has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5k and a net result of €-21k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency62▲+14
Growth32=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.24 against 1.32 in 2023), and 63.3% of the assets are financed with debt.
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
36.7%
Return on assets
-153.7%
Age of the figures
20 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€21k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
42 d early
2022
40 d early
2021
33 d early
2020
12 d late
2019
69 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 80.7%
2023 · €26k
2018: €52k
2019: €47k
2020: €57k
2021: €55k
2022: €49k
2023: €26k
2018 → 2024
Total assets
€14k▼ 85.9%
2023 · €98k
2018: €233k
2019: €232k
2020: €239k
2021: €239k
2022: €232k
2023: €98k
2018 → 2024
Net result
€-21k▲ 5.2%
2023 · €-22k
2018: €-8k
2019: €-5k
2020: €10k
2021: €-2k
2022: €-6k
2023: €-22k
2018 → 2024
Working capital
€2k▼ 90.8%
2023 · €23k
2018: €48k
2019: €44k
2020: €53k
2021: €49k
2022: €44k
2023: €23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€55k▼ 3.4%€49k▼ 11.4%€26k▼ 46.0%€5k▼ 80.7%
Operating result€9k-€-1k€-6k▼ 317%€-22k▼ 261%€-21k▲ 5.4%
Net result€10k-€-2k€-6k▼ 221%€-22k▼ 256%€-21k▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €22k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14k
Fixed assets
€3k▼ 22.6%
Current assets
€11k▼ 88.5%
Equity and liabilities €14k
Equity
€5k▼ 80.7%
Debt
€9k▼ 87.8%
The debt ratio falls from 73.2% to 63.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-21k▲
2023 · €-21k
Cash flow
€-21k▲
2023 · €-21k
Solvency
36.7%▲
2023 · 26.8%
Current ratio
1.24▼
2023 · 1.32
Quick ratio
1.24▲
2023 · 1.01
Debt / equity
1.72▼
2023 · 2.73
ROE
-418.1%▼
2023 · -85.1%
ROA
-153.7%▼
2023 · -22.8%
Interest coverage
-88.07▲
2023 · -99.43
Debt
€9k▼
2023 · €72k
Debt ≤ 1 year
€9k▼
2023 · €71k
Income taxes
€8▼
2023 · €248
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€98k€14k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€480€3k▲
Furniture and vehicles24€238€672▲
Other tangible fixed assets26€243€2k▲
Financial fixed assets28€3k-
Current assets29/58€94k€11k▼
Stocks and contracts in progress3€22k-
Stocks30/36€22k-
Amounts receivable within one year40/41€571€1k▲
Trade receivables40€569€1k▲
Other amounts receivable41€1-
Current investments50/53€555-
Cash at bank and in hand54/58€70k€9k▼
Deferred charges and accrued income490/1€737-
Equity and liabilities
Total equity and liabilities10/49€98k€14k▼
Equity10/15€26k€5k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€6k€-15k▼
Amounts payable17/49€72k€9k▼
Amounts payable within one year42/48€71k€9k▼
Trade debts44€789€105▼
Suppliers440/4€789€105▼
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€2k€6k▲
Remuneration and social security454/9€9k-
Other amounts payable47/48€59k€2k▼
Accrued charges and deferred income492/3€258-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€847€87▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€350-
Gross operating margin9900€-21k€-17k▲
Operating profit (loss)9901€-22k€-21k▲
Financial income75/76B€54€36▼
Recurring financial income75€54€36▼
Non-recurring financial income76B-€36
Financial charges65/66B€212€477▲
Recurring financial charges65€212€235▲
Non-recurring financial charges66B-€243
Profit (loss) for the period before taxes9903€-22k€-21k▲
Income taxes67/77€248€8▼
Profit (loss) for the period9904€-22k€-21k▲
Profit (loss) for the period to be appropriated9905€-22k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-15k▼
Profit (loss) brought forward from the previous period14P€28k€6k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
23-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ukkel · 1 establishment unit since 1991
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.
Dolezlaan 139 C1180 UkkelGround area
1.0 ha
Building footprint
749 m²
Volume, LiDAR
7,778 m³
Parcel 21614H0056/02G084, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BLUE LAND
since 19912.051.456.859
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02G084 | Brussels | 1.0 ha | 1 · 749 m² | 14.3 m · 4 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.
Similar companies · same sector, comparable size
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AZOV International
BE 0897.365.905
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club 55
BE 0826.823.743
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TEKNOMAC EUROPE
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Of 1,070 companies in sector 46140 we hold annual accounts for 640. 173 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1991
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46130Agents in the wholesale of timber and building materials
46180Agents specialised in the wholesale of other particular products
47715Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.