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BLUE LAND

Active
Private limited companyfounded 1991active for 35 yearsDolezlaan 139 C, 1180 Ukkel, BelgiumKBO/BCE: BE 0443.057.891
Summary

The annual accounts of BLUE LAND for financial year 2024 show a net loss of 154% of total assets and of 81% of the equity at the start of that year. The 2024 annual accounts show equity of €5,068 and a net result of -€21,190. Equity has been shrinking by about 11% per year since 2018. Its solvency ranks better than 48% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

Source: KBO
Status
Active since 01-02-1991 Normal situation
Activity
Agents in the wholesale of industrial machinery, ships and aircraft NACE 46140and 3 others
Establishment unit
2.051.456.859 1180 Ukkel, since 11-02-1991
Financial year end
31 December
Peppol
Reachable since 12-12-2024

Board and ownership

Board
  • HAFOUF ChristopheDirector · since 13-08-2024

Financial position

54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts 2024
Gross margin
-€16,824
▲ 18.9%
Loss
€21,190
▼ 5.2%
Equity
€5,068
▼ 80.7%
Total assets
€13,790
▼ 85.9%
  • 2025 accounts not filed, 94 days past the deadline
Turnover not published (micro format)
Filed on 30-08-2025
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFigures for financial year 2024 (filed on 30-08-2025)Loss of €21,190, the second in a row (financial year 2024)lowers riskFounded in 1991Liquidity: current ratio 1.24, cash €9,342, halvedShow the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 33% of micro companies in wholesale trade (NACE 46)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Weak
Solvency 62+10
equity 36.7% of total assets
Liquidity 67+6
short-term debt 63.3% · cash 67.7%
Profitability 0=
return on assets -153.7%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.7% 01-2025: 0.6%▼ -0.1 percentage points vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.5%▼ -0.1 percentage points vs 02-2025lowest value 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 1.1%▲ +0.5 percentage points vs 07-2025 09-2025: 0.6%▼ -0.5 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.5%▼ -0.1 percentage points vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 1.1%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -0.5 percentage points vs 08-2026 10-2026: 1.0%▲ +0.4 percentage points vs 09-2026 11-2026: 1.0%● unchanged vs 10-2026
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.24 (1.32 in 2023), below the usual 1.5. Short-term debt is 63.3% and cash 67.7% of total assets. 63.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 46% of them on solvency, 72% on liquidity, 6% on profitability and 6% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 30-08-2025)
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 1.24, cash €9,342, halved
NBB · annual accounts
raises risk · Loss of €21,190, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€21,190
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 94 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
30 days late
2023
42 days early
2022
40 days early
2021
33 days early
2020
12 days late
2019
69 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 24 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 4 loss-making years in a rowloss in financial year 2024 -€21,190 View
  • Caution: Lower net result than 88% of companies in wholesale tradesector median €4,936 · 15,421 companies -€21,190 View

Recent changes

  1. · Gazette deed Registered office moved from Ixelles to UccleResignation: UMFLAT Judith (manager) · Appointment: HAFHOUF Christophe Herman Aloïs (director)
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as BLUE LAND: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €7,170 and €42,300, founded between 1989 and 2003.

CompanyTotal assetsGross margin
BLUE LAND Ukkel€13,790-€16,824
LOGO DESIGN Rixensart€19,525-€1,180
L.P. CONSULT Waterloo€34,508-€6,905
SMART RETAIL LOGISTICS BELGIUM Keerbergen€23,650-€15,809
GO BIZ Wavre€7,169-€1,753
JGVB CONSULTING AND SALES Sint-Pieters-Woluwe€39,690-€2,413
MIDEX Anderlecht€42,328€736
Full comparison

Key facts about BLUE LAND

What is the company number of BLUE LAND?
The company number of BLUE LAND is 0443.057.891. The VAT number is the same number with BE in front: BE 0443.057.891.
Where is BLUE LAND based?
The registered office is at Dolezlaan 139 C, 1180 Ukkel.Company details
What does BLUE LAND do?
According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
What is the legal form of BLUE LAND?
The legal form of BLUE LAND is Private limited company (BV).
When was BLUE LAND founded?
BLUE LAND was founded on 01-02-1991.
Is BLUE LAND still active?
Yes, BLUE LAND is an active enterprise in the KBO register.
What is the turnover of BLUE LAND?
The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
Is BLUE LAND profitable?
In financial year 2024, BLUE LAND made a loss of €21,190.
Where can I find the annual accounts of BLUE LAND?
BLUE LAND filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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