Turnover
≈ €160,000 estimated
The accounts state no turnover.
BLUE LINES GREEN FUTUR INVEST
Lifetime
13 annual accounts with figures on one time axisGross marginpeak €98,640 (2020)
€24,107▲ 9.7%
Resultlowest -€5,756 (2015)
€1,715▲ €2,851
Equitypeak €125,106 (2020)
€99,269▲ 1.8%
Debts
€77,710▼ 35.4%
Staffpeak 0 FTE (2023)
0 FTE
Board8 names since 2022
3 directorsPANDO HOLDING and 2 others
Owners2 names in the annual accounts
75%PANDO HOLDING
Documentsfilings and deeds
05-03-202656 days before the deadline
2025financial year
Back to profit: €1,715Debts from €120,271 to €77,710Cash from €749 to €2,840
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
The last five annual accounts were filed 45 to 117 days before the end of the period.
Position in the sector
€99,269
Less equity than 80% of companies in electricity, gas and steam. Sector median €2.3m · 352 companies.
Checked score
89
Excellent
Financially stronger than 51% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 544 companies (NACE 35, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.2 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025highest value
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.66, cash €2,840
lowers risk
Founded in 2012
Legal form: public limited company
Figures for financial year 2025 (filed on 07-03-2026)
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 35, micro). It does better than 62% of them on solvency, 27% on liquidity, 59% on profitability and 56% on growth.
The bankruptcy probability was computed on 04-11-2026 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 30-09-2025.
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, 10,904 companies had the same profile as BLUE LINES GREEN FUTUR INVEST has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of BLUE LINES GREEN FUTUR INVEST itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 10,904 companies, not a prediction for BLUE LINES GREEN FUTUR INVEST. 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 €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66 (1.77 in 2024), above the usual 1.5. Short-term debt is 27.2% and cash 1.6% of total assets. 43.9% of the assets are financed with debt and provisions.
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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 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 days early
2024
103 days early
2023
117 days early
2022
116 days early
2021
45 days early
2020
128 days early
2019
98 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 95 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 17 January (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
Board and ownership
PH
PANDO HOLDING
Director, Rochez Philippe, since 04-12-2023
PS
PANDO SRL
Director, Jonlet Christophe, since 04-12-2023
- PANDO HOLDING 75%equity €2.8m (2025) · 2025 annual accounts of PANDO HOLDING
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0848343489
2 directors appointed, 5 resignations, 1 reappointment
Resignations: SRL ETH, SRL CEDRUS, SRL SEQUOIA, Joniet Christophe and Rochez Philippe · Reappointment: SRL PANDO · Appointments: Eric Thomas and PANDO HOLDING · General meeting of 04-12-2023 · Gazette deed
Incorporation
published on 11-09-2012 · Gazette deed
First establishment
Havenlaan 108-110, Brussels
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| BLUE LINES GREEN FUTUR INVEST Woluwe-Saint-Pierre | €176,979 | €24,107 | 56.1% | 0 |
| GLOREN M Ghent | €515,716 | €146,301 | 40.5% | 0 |
| Metha4Power Jette | €216,351 | €34,515 | 89.0% | - |
| SIBEL - VERLICHTING EN DUURZAME ENERGIE Zonhoven | €348,160 | €3,082 | 2.8% | 0.8 |
| TT & NICO IMMO-ENERGIE Heusden-Zolder | €851,880 | €85,708 | 50.0% | 0.5 |
| GROEIKRACHT HOOIKT Lier | €944,305 | €53,307 | 32.7% | 0 |
| E2Grid Waregem | €170,024 | €24,192 | 99.0% | - |
These companies have the same main activity as BLUE LINES GREEN FUTUR INVEST: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €170,000 and €944,000, founded between 2008 and 2016.
Official details
Source: KBO- Status
- Active since 31-08-2012Normal situation
- Registered office
- 83 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 3 others
- Establishment unit
- 2.248.550.7631000 Brussels, since 31-08-2012
- Financial year end
- 30 September
- Peppol
- Reachable since 09-01-2026
Annual accounts to 30-09-2025
- Total assets
- €176,979▼ 18.8%
- Filing
- Filed on 05-03-2026, 56 days before the end of the filing period
Insights on BLUE LINES GREEN FUTUR INVEST
BLUE LINES GREEN FUTUR INVEST has existed since 2012. The gross margin fell from €53,799 in 2013 to €24,107 in 2025.
Solvency rose in 2025 from 44.8% to 56.1% because of the retained profit and lower debts.
PANDO HOLDING holds 75% of the shares. In September 2024, five directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BLUE LINES GREEN FUTUR INVEST
- What is the company number of BLUE LINES GREEN FUTUR INVEST?
- The company number of BLUE LINES GREEN FUTUR INVEST is 0848.343.489. The VAT number is the same number with BE in front: BE 0848.343.489.
- Where is BLUE LINES GREEN FUTUR INVEST based?
- The registered office is at Tervurenlaan 412/7, 1150 Woluwe-Saint-Pierre.Company details
- What does BLUE LINES GREEN FUTUR INVEST do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of BLUE LINES GREEN FUTUR INVEST?
- BLUE LINES GREEN FUTUR INVEST is a public limited company (NV).
- When was BLUE LINES GREEN FUTUR INVEST founded?
- BLUE LINES GREEN FUTUR INVEST was founded on 31-08-2012.
- Is BLUE LINES GREEN FUTUR INVEST still active?
- Yes, BLUE LINES GREEN FUTUR INVEST is an active enterprise in the KBO register.
- What is the turnover of BLUE LINES GREEN FUTUR INVEST?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €24,107 and 2,711 comparable companies of the same size. It probably lies between €68,000 and €410,000. It is a rough estimate.Financials
- Is BLUE LINES GREEN FUTUR INVEST profitable?
- In financial year 2025, BLUE LINES GREEN FUTUR INVEST made a profit of €1,715.
- Where can I find the annual accounts of BLUE LINES GREEN FUTUR INVEST?
- BLUE LINES GREEN FUTUR INVEST filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BLUE LINES GREEN FUTUR INVEST due?
- BLUE LINES GREEN FUTUR INVEST must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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