BLUE MAP
ActiveSummary
BLUE MAP has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,157 and a net result of €5,149. Equity is growing by ~70% per year across the filed fiscal years. Its solvency ranks better than 50% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-6
Solvency81▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.58 in 2024; short-term debt: 44.3% and cash: 7.2% of total assets), and 44.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.7%
Return on assets
15%
Age of the figures
9 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
35 d early
2023
21 d early
2022
3 d early
2021
3 d early
2020
1 d early
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0
2021 · €0
Total assets
€34,381▲ 3.1%
2024 · €33,356
Net result
€5,149▼ 19.3%
2024 · €6,378
Working capital
€17,688▲ 57.6%
2024 · €11,224
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€0
Operating result€6,114▲ 45.4%€8,369▲ 36.9%€8,826▲ 5.5%€9,961▲ 12.9%€8,092▼ 18.8%
Net result€3,062▲ 93.3%€4,857▲ 58.6%€5,025▲ 3.5%€6,378▲ 26.9%€5,149▼ 19.3%
Equity-€2,252▲ 57.6%€2,605€7,630▲ 193%€14,008▲ 83.6%€19,157▲ 36.8%
Total assets€19,794▲ 1,123%€34,847▲ 76.0%€27,277▼ 21.7%€33,356▲ 22.3%€34,381▲ 3.1%
Debt€22,046▲ 218%€32,242▲ 46.2%€19,647▼ 39.1%€19,348▼ 1.5%€15,224▼ 21.3%
Working capital-€2,615▲ 53.9%€2,242€3,531▲ 57.5%€11,224▲ 218%€17,688▲ 57.6%
Staff (FTE)1▲ 150%1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,381
Fixed assets
€1,469 ▼ 47.2%
Current assets
€32,912 ▲ 7.7%
Equity and liabilities €34,381
Equity
€19,157 ▲ 36.8%
Debt
€15,224 ▼ 21.3%
Debt's share of the balance-sheet total falls from 58.0% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,407▼
2024 · €11,276
Cash flow
€6,464▼
2024 · €7,693
Current ratio
2.16▲
2024 · 1.58
Debt to equity
0.79▼
2024 · 1.38
ROE
26.9%▼
2024 · 45.5%
ROA
15.0%▼
2024 · 19.1%
Interest coverage
27.48▼
2024 · 37.01
Debt ≤ 1 year
€15,224▼
2024 · €19,348
Income taxes
€2,601▼
2024 · €3,361
Staff costs
€10,980▲
2024 · €10,390
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €8,500 | €9,014 | €8,003 | €10,390 | €10,980 | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €209 | €1,315 | €1,315 | = |
| Other operating charges640/8 | €1,135 | €644 | €930 | €951 | €973 | ▲ 2.2% |
| Gross operating margin9900 | €15,749 | €18,027 | €17,969 | €22,617 | €21,360 | ▼ 5.6% |
| Operating profit (loss)9901 | €6,114 | €8,369 | €8,826 | €9,961 | €8,092 | ▼ 18.8% |
| Financial income75/76B | €0 | - | - | €83 | - | - |
| Recurring financial income75 | €0 | - | - | €83 | - | - |
| Financial charges65/66B | €342 | €303 | €502 | €305 | €342 | ▲ 12.4% |
| Recurring financial charges65 | €342 | €303 | €502 | €305 | €342 | ▲ 12.4% |
| Profit (loss) for the period before taxes9903 | €5,773 | €8,066 | €8,324 | €9,739 | €7,750 | ▼ 20.4% |
| Income taxes67/77 | €2,711 | €3,209 | €3,299 | €3,361 | €2,601 | ▼ 22.6% |
| Profit (loss) for the period9904 | €3,062 | €4,857 | €5,025 | €6,378 | €5,149 | ▼ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €3,062 | €4,857 | €5,025 | €6,378 | €5,149 | ▼ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19,794 | €34,847 | €27,277 | €33,356 | €34,381 | ▲ 3.1% |
| Fixed assets21/28 | €363 | €363 | €4,099 | €2,784 | €1,469 | ▼ 47.2% |
| Tangible fixed assets22/27 | - | €0 | €3,736 | €2,421 | €1,106 | ▼ 54.3% |
| Furniture and vehicles24 | - | €0 | €3,736 | €2,421 | €1,106 | ▼ 54.3% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €19,431 | €34,484 | €23,178 | €30,572 | €32,912 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €18,493 | €30,118 | €21,787 | €25,748 | €30,450 | ▲ 18.3% |
| Trade receivables40 | €18,430 | €30,050 | €21,708 | €25,658 | €28,921 | ▲ 12.7% |
| Other amounts receivable41 | €63 | €68 | €79 | €90 | €1,529 | ▲ 1,602% |
| Cash at bank and in hand54/58 | €938 | €4,367 | €1,391 | €1,378 | €2,462 | ▲ 78.6% |
| Deferred charges and accrued income490/1 | - | - | - | €3,446 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19,794 | €34,847 | €27,277 | €33,356 | €34,381 | ▲ 3.1% |
| Equity10/15 | -€2,252 | €2,605 | €7,630 | €14,008 | €19,157 | ▲ 36.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€20,852 | -€15,995 | -€10,970 | -€4,592 | €557 | ▲ 112% |
| Amounts payable17/49 | €22,046 | €32,242 | €19,647 | €19,348 | €15,224 | ▼ 21.3% |
| Amounts payable within one year42/48 | €22,046 | €32,242 | €19,647 | €19,348 | €15,224 | ▼ 21.3% |
| Trade debts44 | €14,456 | €19,045 | €10,607 | €11,638 | €7,403 | ▼ 36.4% |
| Suppliers440/4 | €14,456 | €19,045 | €10,607 | €11,638 | €7,403 | ▼ 36.4% |
| Taxes, remuneration and social security45 | €7,560 | €13,167 | €9,010 | €7,680 | €7,792 | ▲ 1.5% |
| Taxes450/3 | €5,297 | €10,426 | €6,707 | €4,880 | €4,773 | ▼ 2.2% |
| Remuneration and social security454/9 | €2,263 | €2,741 | €2,303 | €2,800 | €3,019 | ▲ 7.8% |
| Other amounts payable47/48 | €30 | €30 | €30 | €30 | €30 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,062 | €4,857 | €5,025 | €6,378 | €5,149 | ▼ 19.3% |
| + Depreciation and write-downs630 | - | - | €209 | €1,315 | €1,315 | = |
| Operating cash flow (approximation) | €3,062 | €4,857 | €5,234 | €7,693 | €6,464 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | €0 | -€3,945 | €0 | €0 | - |
| Change in cash | - | €3,429 | -€2,975 | -€13 | €1,084 | ▲ 8,484% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 28-07-2026
- Registered-office move, Rue de Hermée 225 à 4040 HERSTAL
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €12,516
Net result €12,516 after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2013
Ground area
1.7 ha
Building footprint
766 m²
Volume, LiDAR
9,297 m³
2 parcels, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Rue Désiré Lismonde 34, 4257 Berloz
since 20132.216.134.254
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0326/00D000 | Wallonia | 1.6 ha | 1 · 705 m² | 15.0 m · 4 fl. |
| 64064A0477/00P000 | Wallonia | 1,090 m² | 1 · 62 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Celerium
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PENROOF
BE 1025.178.845
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NOSTRES
BE 0891.419.013
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RJO
BE 0712.525.376
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ANKU
BE 0898.542.771
Antwerpen · Eq €19,175
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 30,148 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
Founded28-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71209Other technical testing and analysis
Contact
Phone
0485/022.460Berloz
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502815633
Also
9925:BE0502815633
Registered
07-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.