Equity
€56,917 =
BLUE LIGHT SOLUTION paid out €45,457 in dividends. That is 100% of the 2025 profit.
BLUE LIGHT SOLUTION
Overview
Lifetime
3 annual accounts with figures on one time axispeak €59,118 (2025)
€59,118▲ 16.4%
peak €45,457 (2025)
€45,457▲ 26.0%
peak €56,917 (2024)
€56,917unchanged
€66,273▲ 151%
Board1 name since 2023
1 directorPAPP Robert
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Gross margin from €50,785 to €59,118Result from €36,078 to €45,457Registered office moved from Sint-Pieters-Leeuw to Aalst 10-02Dividend €45,457Debts from €26,372 to €66,273Investments €6,797
Key points
from the 2025 annual accountsTurnover
≈ €140,000 estimated
The micro format states no turnover.
Investments
€7,591 8.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.76 was 3.13 in 2024
Short-term debts rose from €26,372 to €66,273.
Filings
3 annual accounts 2 late
The 2023 accounts came latest: 288 days after the end of the period.
Starting capital
€1,000 100 shares
Checked score
94
Excellent
Financially stronger than 55% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.3 percentage points vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025highest value
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.4%▼ -0.2 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.6 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 1.76, cash €110,872
Sector: Computer programming, consultancy and related activities (NACE 62)
Legal form: general partnership
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 62, micro). It does better than 40% of them on solvency, 56% on liquidity, 82% on profitability and 41% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as BLUE LIGHT SOLUTION has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BLUE LIGHT SOLUTION itself is lower: < 0.1% within 12 months. It rests on far more data about BLUE LIGHT SOLUTION than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for BLUE LIGHT SOLUTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.76 (3.13 in 2024), above the usual 1.5. Short-term debt is 53.8% and cash 90% of total assets. However, 53.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
28 days early
2024
25 days late
2023
288 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 95 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (3 of the last 3 accounts filed within 264 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PAPP Robert partnerdeed of 04-08-2023
- PAPP-GYORI Edina partnerdeed of 04-08-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804483950
Registered office moved from Sint-Pieters-Leeuw to Aalst
New registered office: Verbrandhofstraat 20, 9300 Aalst · Previous registered office: Jagersdal 93, 1600 Sint-Pieters-Leeuw · General meeting of 21-10-2024 · Gazette deed
Incorporation
Founding capital of €1,000, 100 shares · Founders: PAPP Robert (partner) and PAPP-GYORI Edina (partner) · Appointment: PAPP Robert (manager) · published on 04-08-2023 · Gazette deed
First establishment
Verbrandhofstraat 20, Aalst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BLUE LIGHT SOLUTION Aalst | €123,190 | €59,118 | 46.2% | - |
| Endevr Deinze | €120,972 | €62,277 | 92.1% | - |
| JUMAREL IT Destelbergen | €125,282 | €63,225 | 25.7% | - |
| Tom Van Den Bossche Merelbeke-Melle | €107,139 | €54,017 | 90.6% | - |
| Brilliant Bits Ghent | €117,448 | €50,814 | 57.7% | - |
| Injectable Lievegem | €103,753 | €59,170 | 81.1% | - |
| ADF SMART SOLUTIONS Beveren-Kruibeke-Zwijndrecht | €132,353 | €70,078 | 86.1% | - |
These companies have the same main activity as BLUE LIGHT SOLUTION: computer programming (NACE 62100). They are comparable in size and age: total assets between €104,000 and €132,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 02-08-2023Normal situation
- Activity
- Computer programmingNACE 62100and 4 others
- Establishment unit
- 2.348.242.9109300 Aalst, since 02-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-03-2026
Annual accounts 2025
- €59,118▲ 16.4%
- €45,457▲ 26.0%
- €56,917=
- €123,190▲ 47.9%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on BLUE LIGHT SOLUTION
BLUE LIGHT SOLUTION files the micro format. That format states no turnover. The gross margin rose from €27,758 in 2023 to €59,118 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 03-07-2026, 28 days before the deadline€59,118
▲ 16.4%
€57,480
▲ 14.2%
€45,457
▲ 26.0%
€50,261
▼ 10.4%
46.2%
▼ 22.1 percentage points
1.76
▼ 1.37
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €110,000 and €180,000.
Balance sheet
balance sheet total €123,190 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
46.2%
Higher than 38% of 21,205 companies in 2025.
1.76
Higher than 38% of 20,568 companies in 2025.
36.9%
Higher than 75% of 20,743 companies in 2025.
BLUE LIGHT SOLUTION
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
123,190 | 83,289 | 34,807 | |
21/28 |
6,655 | 794 | 1,011 | |
22/27 |
6,655 | 794 | 1,011 | |
23 |
698 | - | - | |
24 |
5,958 | 794 | 1,011 | |
29/58 |
116,534 | 82,495 | 33,796 | |
40/41 |
4,714 | 2,048 | 11,958 | |
40 |
0 | 2,048 | 11,798 | |
41 |
4,714 | 0 | 160 | |
54/58 |
110,872 | 80,409 | 21,838 | |
490/1 |
948 | 39 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
123,190 | 83,289 | 34,807 | |
10/15 |
56,917 | 56,917 | 22,822 | |
10/11 |
1,000 | 1,000 | 1,000 | |
13 |
55,917 | 55,917 | - | |
133 |
55,917 | 55,917 | - | |
14 |
0 | 0 | 21,822 | |
17/49 |
66,273 | 26,372 | 11,985 | |
42/48 |
66,273 | 26,372 | 11,985 | |
44 |
1,291 | 27 | 338 | |
440/4 |
1,291 | 27 | 338 | |
45 |
19,525 | 22,804 | 11,647 | |
450/3 |
19,525 | 22,804 | 7,999 | |
454/9 |
- | 0 | 3,648 | |
47/48 |
45,457 | 3,542 | - | |
| Income statement | ||||
9900 |
59,118 | 50,785 | 27,758 | |
630 |
936 | 217 | 73 | |
640/8 |
701 | 230 | - | |
66A |
1 | 1 | - | |
9901 |
57,480 | 50,338 | 27,685 | |
75/76B |
0 | 0 | 1 | |
75 |
0 | 0 | 1 | |
65/66B |
141 | 135 | 23 | |
65 |
141 | 135 | 23 | |
9903 |
57,340 | 50,203 | 27,662 | |
67/77 |
11,883 | 14,125 | 5,840 | |
9904 |
45,457 | 36,078 | 21,822 | |
9905 |
45,457 | 36,078 | 21,822 | |
| Appropriation of the result | ||||
9906 |
45,457 | 36,078 | 21,822 | |
691/2 |
0 | 36,078 | - | |
6920 |
0 | 36,078 | - | |
694/7 |
45,457 | - | - | |
694 |
45,457 | - | - | |
| Document | ||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 58,416 | 50,554 | 27,758 | ||
| 46,393 | 36,295 | 21,895 | ||
| 7,591 | 0 | 1,084 | ||
| 30,464 | 58,571 | - | ||
| 50,261 | 56,122 | 21,811 | ||
| 46.2% | 68.3% | 65.6% | ||
| 1.76 | 3.13 | 2.82 | ||
| 1.16 | 0.46 | 0.53 | ||
| 79.9% | 63.4% | 95.6% | ||
| 36.9% | 43.3% | 62.7% | ||
| over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €7,591 | - | €1,084 |
| Financial fixed assets | €0 | - | - |
| €936 | €217 | €73 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on BLUE LIGHT SOLUTION
The operating result for 2025 is 14% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total rises from 31.7% to 53.8%. Debt is higher.
Board & ownership
Board
1 director, since incorporationManager (not named in the articles)
since 02-08-2023
listed in the 2025 annual accounts, filed on 03-07-2026
Mandates through the years
1 name, the dashed line is todayPAPP Robert
Manager (not named in the articles)
Manager (not named in the articles)
Board
Mandates as a list
- PAPP Robert
- Manager (not named in the articles), from 02-08-2023 to date
Control
Founders
PAPP Robert, PAPP-GYORI Edina
This company
BLUE LIGHT SOLUTION
Equity €56,917
Profit €45,457 in 2025
Capital
- Capital
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €569 in 2025
- Source
- deed of 04-08-2023
Articles of association
deed of 04-08-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Een of meer beherend vennoten,al dan niet aandeelhouders,met of zonder beperking duur mandaat, bij meer dan twee vennoten door meerderheid…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Alleen met toestemming driekwart meerderheid leden,ook tussen leden, door zaakvoerder op kosten partnerschap”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
Shareholders
At incorporation
deed of 04-08-2023 ↗
- PAPP Robert partner · 99 shares (99%)
- PAPP-GYORI Edina partner · 1 share (1%)
Network & group
No group
BLUE LIGHT SOLUTION has no parent and no holdings in its annual accounts. PAPP Robert is the only director. BLUE LIGHT SOLUTION shares no director with another company.
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804483950
2025
Highest result from 2023 to 2025 net €45,457 ▲26% The operating result of €57,480 and the net result of €45,457 are both a record.
Annual accounts 2024 filed PDFmicro format · 25 days late
Annual accounts 2023 filed PDFmicro format · 288 days late
Registered office moved from Sint-Pieters-Leeuw to AalstNew registered office: Verbrandhofstraat 20, 9300 Aalst · Previous registered office: Jagersdal 93, 1600 Sint-Pieters-Leeuw · General meeting of 21-10-20242 points ▸
- General meeting, 21-10-2024
- Registered-office move, Verbrandhofstraat 20, 9300 Aalst
2023
IncorporationFounding capital of €1,000, 100 shares · Founders: PAPP Robert (partner) and PAPP-GYORI Edina (partner) · Appointment: PAPP Robert (manager) · published on 04-08-20239 points ▸
- Founder, PAPP Robert (partner)
- Founder, PAPP-GYORI Edina (partner)
- Partner, PAPP Robert
- Partner, PAPP-GYORI Edina
- Founding capital, €1,000, 100 shares
- Director appointment, PAPP Robert (manager (not named in the articles))
- Power of attorney, Anthony Rais (director)
- Registered office clause, Jagersdal 93, 1600 Sint Pieters Leeuw
- General meeting, 10-07-2023
- The deed holds 2 more points.
First establishment Verbrandhofstraat 20, Aalst
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0804.483.950
- VAT number
- BE 0804.483.950
- Peppol ID
- 0208:0804483950
- Other Peppol ID
- 9925:BE0804483950
- Legal form
- General partnership
- Status
- Active, normal situation
- Founded
- 02-08-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 04-08-2023 (in Dutch)
- Peppol
- Reachable since 02-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BLUE LIGHT SOLUTION in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-08-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Jagersdal 93, 1600 Sint-Pieters-Leeuw”deed of 04-08-2023 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62090
Computer programming, consultancy and related activities
70220
Business consulting
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Big data voorspellende analyse; Gepersonaliseerde marketingcommunicatie; Beheer van digitale gegevens; Gegevensverwerking,hosting en…”deed of 04-08-2023 (in Dutch)
7 activities
- Big data voorspellende analyse
- Gepersonaliseerde marketingcommunicatie
- Beheer van digitale gegevens
- Gegevensverwerking,hosting en aanverwante activiteiten
- Uitgeven van software
- Programmering,consultancy en andere IT-werkzaamheden management consultancy
- Markt- en opinieonderzoek enz.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Verbrandhofstraat 20 registered office 9300 Aalst | 02-08-2023 | 2.348.242.910 |
1 former office
- Jagersdal 93, 1600 Sint-Pieters-Leeuw until 21-10-2024 · deed of 10-02-2025
Buildings and parcels at the address
- Ground area
- 220 m²
- Buildings
- 90 m²
- Volume, LiDAR
- 651 m³
- Tallest building
- 9.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41303D0734/00A002 | 220 m² | 1 · 90 m² | 9.5 m · 3 |
Contact
E-mail
anthonyrais@hotmail.com