BLUE PEN
ActiveSummary
BLUE PEN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €479k and a net result of €80k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 17.18 against 9.36 in 2024; short-term debt: 5.2% and cash: 69.6% of total assets), and 6.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
93.9%
Return on assets
15.7%
Age of the figures
15 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
27 d late
2023
on the day
2022
on the day
2021
5 d early
2020
2 d early
2019
10 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€479k▲ 10.0%
2024 · €435k
2019: €176k
2020: €191k
2021: €225k
2022: €297k
2023: €344k
2024: €435k
2019 → 2025
Total assets
€510k▲ 5.7%
2024 · €483k
2019: €197k
2020: €208k
2021: €239k
2022: €324k
2023: €357k
2024: €483k
2019 → 2025
Net result
€80k▼ 12.3%
2024 · €92k
2019: €37k
2020: €16k
2021: €34k
2022: €72k
2023: €47k
2024: €92k
2019 → 2025
Working capital
€430k▲ 14.7%
2024 · €375k
2019: €135k
2020: €151k
2021: €183k
2022: €247k
2023: €278k
2024: €375k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€225k-€297k▲ 31.8%€344k▲ 15.8%€435k▲ 26.7%€479k▲ 10.0%
Operating result€51k-€112k▲ 119%€78k▼ 30.5%€144k▲ 85.0%€127k▼ 11.9%
Net result€34k-€72k▲ 109%€47k▼ 34.5%€92k▲ 95.4%€80k▼ 12.3%
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 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €510k
Fixed assets
€53k ▼ 15.1%
Current assets
€457k ▲ 8.8%
Equity and liabilities €510k
Equity
€479k ▲ 10.0%
Debt
€31k ▼ 34.1%
Debt's share of the balance-sheet total falls from 9.9% to 6.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€140k▼
2024 · €157k
Cash flow
€93k▼
2024 · €104k
Current ratio
17.18▲
2024 · 9.36
Debt to equity
0.07▼
2024 · 0.11
ROE
16.8%▼
2024 · 21.0%
ROA
15.7%▼
2024 · 19.0%
Interest coverage
48.61▼
2024 · 52.29
Debt ≤ 1 year
€27k▼
2024 · €45k
Income taxes
€45k▼
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€483k€510k▲
Fixed assets21/28€63k€53k▼
Tangible fixed assets22/27€63k€53k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€12k€7k▼
Other tangible fixed assets26€46k€43k▼
Current assets29/58€420k€457k▲
Amounts receivable after more than one year29€35k€35k=
Other amounts receivable291€35k€35k=
Amounts receivable within one year40/41€104k€36k▼
Trade receivables40€101k€23k▼
Other amounts receivable41€3k€13k▲
Cash at bank and in hand54/58€250k€355k▲
Deferred charges and accrued income490/1€32k€31k▼
Equity and liabilities
Total equity and liabilities10/49€483k€510k▲
Equity10/15€435k€479k▲
Contributions10/11€20k€20k=
Reserves13€415k€459k▲
Distributable reserves133€415k€459k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€48k€31k▼
Amounts payable within one year42/48€45k€27k▼
Trade debts44€766€4k▲
Suppliers440/4€766€4k▲
Taxes, remuneration and social security45€44k€23k▼
Taxes450/3€44k€23k▼
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€9k€3k▼
Gross operating margin9900€166k€143k▼
Operating profit (loss)9901€144k€127k▼
Financial income75/76B€932€1k▲
Recurring financial income75€932€1k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€142k€125k▼
Income taxes67/77€51k€45k▼
Profit (loss) for the period9904€92k€80k▼
Profit (loss) for the period to be appropriated9905€92k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€209k€80k▼
Profit (loss) brought forward from the previous period14P€117k€0▼
Transfer from equity791/2-€37k
Transfer to equity691/2€209k€80k▼
To other reserves6921€209k€80k▼
Profit to be distributed694/7-€37k
Return on contributions (dividend)694-€37k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Highest result since 2019net €92k ▲95.4%
Operating result €144k, net result €92k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity doublescurrent ratio 21.66
Current ratio from 10.31 to 21.66; short-term debt falls from €27k to €13k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200kEq €225k ▲17.9%
3 profitable years in a row build equity to €225k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €16k ▼57.5%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
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, Kortrijk · 1 establishment unit since 2011
Ground area
838 m²
Building footprint
136 m²
Volume, LiDAR
671 m³
Parcel 34026A0526/00L000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BLUE PEN
since 20112.194.783.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0526/00L000 | Flanders | 838 m² | 1 · 136 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CHARLIER-SPRONCK HOLDING
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,572. 34,992 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2010
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.