Blue Orca
ActiveSummary
Blue Orca has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €169,343 and a net result of €124,566. Equity is growing by ~181.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency99▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.82 against 3.09 in 2023; short-term debt: 26% and cash: 30.9% of total assets), and 26.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.7%
Return on assets
54.2%
Age of the figures
21 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 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 d early
2024
22 d early
2023
36 d early
2022
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 4 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€169,343▲ 278%
2023 · €44,777
Total assets
€229,817▲ 245%
2023 · €66,616
Net result
€124,566▲ 228%
2023 · €37,974
Working capital
€168,855▲ 275%
2023 · €45,074
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€7,645-€51,846▲ 578%€164,712▲ 218%
Net result€4,303within the sector's middle half-€37,974above the sector's middle half▲ 782%€124,566above the sector's middle half▲ 228%
Equity€6,803below the sector's middle half-€44,777within the sector's middle half▲ 558%€169,343within the sector's middle half▲ 278%
Total assets€18,232below the sector's middle half-€66,616below the sector's middle half▲ 265%€229,817within the sector's middle half▲ 245%
Debt€11,429-€21,839▲ 91.1%€60,474▲ 177%
Working capital€7,073within the sector's middle half-€45,074within the sector's middle half▲ 537%€168,855above the sector's middle half▲ 275%
Solvency37.3%within the sector's middle half-67.2%above the sector's middle half▲ 29.9pp73.7%above the sector's middle half▲ 6.5pp
Current ratio1.63within the sector's middle half-3.09above the sector's middle half▲ 1.463.82above the sector's middle half▲ 0.73
Return on assets (ROA)23.6%above the sector's middle half-57.0%above the sector's middle half▲ 33.4pp54.2%above the sector's middle half▼ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 218% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €229,817
Fixed assets
€1,152
Current assets
€228,665
Equity and liabilities €229,817
Equity
€169,343 ▲ 278%
Debt
€60,474 ▲ 177%
Debt's share of the balance-sheet total falls from 32.8% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€165,129▲
2023 · €51,846
Cash flow
€124,983▲
2023 · €37,974
Debt to equity
0.36▼
2023 · 0.49
ROE
73.6%▼
2023 · 84.8%
Interest coverage
145.15▲
2023 · 37.69
Debt ≤ 1 year
€59,810▲
2023 · €21,542
Income taxes
€39,647▲
2023 · €12,572
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,206 | €0 | €417 | - |
| Other operating charges640/8 | €1,267 | €873 | €1,063 | ▲ 21.8% |
| Gross operating margin9900 | €10,118 | €52,719 | €166,192 | ▲ 215% |
| Operating profit (loss)9901 | €7,645 | €51,846 | €164,712 | ▲ 218% |
| Financial income75/76B | €10 | €76 | €639 | ▲ 745% |
| Recurring financial income75 | €10 | €76 | €639 | ▲ 745% |
| Financial charges65/66B | €760 | €1,376 | €1,138 | ▼ 17.3% |
| Recurring financial charges65 | €760 | €1,376 | €1,138 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | €6,895 | €50,546 | €164,213 | ▲ 225% |
| Income taxes67/77 | €2,592 | €12,572 | €39,647 | ▲ 215% |
| Profit (loss) for the period9904 | €4,303 | €37,974 | €124,566 | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | €4,303 | €37,974 | €124,566 | ▲ 228% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €18,232 | €66,616 | €229,817 | ▲ 245% |
| Fixed assets21/28 | - | - | €1,152 | - |
| Tangible fixed assets22/27 | - | - | €1,152 | - |
| Furniture and vehicles24 | - | - | €1,152 | - |
| Current assets29/58 | €18,232 | €66,616 | €228,665 | ▲ 243% |
| Amounts receivable within one year40/41 | €8,591 | €18,650 | €156,694 | ▲ 740% |
| Trade receivables40 | €8,591 | €8,903 | €146,666 | ▲ 1,547% |
| Other amounts receivable41 | - | €9,747 | €10,028 | ▲ 2.9% |
| Cash at bank and in hand54/58 | €8,942 | €47,180 | €71,110 | ▲ 50.7% |
| Deferred charges and accrued income490/1 | €699 | €786 | €861 | ▲ 9.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €18,232 | €66,616 | €229,817 | ▲ 245% |
| Equity10/15 | €6,803 | €44,777 | €169,343 | ▲ 278% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €4,303 | €42,277 | €166,843 | ▲ 295% |
| Distributable reserves133 | €4,303 | €42,277 | €166,843 | ▲ 295% |
| Amounts payable17/49 | €11,429 | €21,839 | €60,474 | ▲ 177% |
| Amounts payable within one year42/48 | €11,159 | €21,542 | €59,810 | ▲ 178% |
| Trade debts44 | €2,234 | €1,500 | €2,263 | ▲ 50.8% |
| Suppliers440/4 | €2,234 | €1,500 | €2,263 | ▲ 50.8% |
| Taxes, remuneration and social security45 | €7,732 | €20,042 | €57,548 | ▲ 187% |
| Taxes450/3 | €7,732 | €20,042 | €57,548 | ▲ 187% |
| Other amounts payable47/48 | €1,194 | €0 | - | - |
| Accrued charges and deferred income492/3 | €270 | €297 | €664 | ▲ 124% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,303 | €37,974 | €124,566 | ▲ 228% |
| + Depreciation and write-downs630 | €1,206 | €0 | €417 | - |
| Operating cash flow (approximation) | €5,509 | €37,974 | €124,983 | ▲ 229% |
| Change in cash | - | €38,238 | €23,929 | ▼ 37.4% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €124,566 ▲228%
Operating result €164,712, net result €124,566, both a record.
31-12
Financial
Equity above €150,000Eq €169,343 ▲278%
3 profitable years in a row build equity to €169,343.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Aalter · 1 establishment unit since 2022
Ground area
1,081 m²
Building footprint
154 m²
Volume, LiDAR
816 m³
Parcel 44035C0285/00C000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blue Orca
since 20222.326.077.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44035C0285/00C000 | Flanders | 1,080 m² | 1 · 154 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,533 EUR awarded · 1,338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 187 EUR | 187 EUR |
| 2023 | 1 | 933 EUR | 738 EUR |
| 2022 | 1 | 413 EUR | 413 EUR |
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Peter Steylaerts
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BE 0723.574.468
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VAN DER SMISSEN Immo
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,234 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
Founded05-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779748455
Also
9925:BE0779748455
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.