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BLUE PEN

Active Private limited companyfounded 2010active for 15 yearsAbdis Erkastraat 42, 8510 KortrijkKBO/BCE: BE 0832.119.745

Overview

Lifetime

14 annual accounts with figures on one time axis
peak €166,062 (2024)
€142,528▼ 14.2%
lowest -€23,554 (2018)
€80,304▼ 12.3%
peak €478,891 (2025)
€478,891▲ 10.0%
€31,342▼ 34.1%
Board2 names since 2010
2 directors and 1 other
Documentsfilings and deeds
02-02-20262 days late
2025micro format
Gross margin from €166,062 to €142,528Dividend €36,750Debts from €47,582 to €31,342Cash from €249,511 to €354,926

Key points

from the 2025 annual accounts

Equity

€478,891 ▲ 10.0%
435,3372024+80,304Profit-36,750Dividend478,8912025

BLUE PEN paid out €36,750 in dividends. That is 46% of the 2025 profit.

Liquidity

17.18 was 9.36 in 2024

Short-term debts fell from €44,878 to €26,603.

Filings

14 annual accounts since 2012
deadline201520202025

Four of the last ten came late. The 2018 accounts came latest: 57 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,806 companies had the same profile as BLUE PEN has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 17,806 companies, not a prediction for BLUE PEN. 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 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

Board and ownership

Director, since 25-06-2020
Director, since 25-06-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0832119745
2 directors appointed, 2 resignations Resignations: and · Appointments: (director) and (director) · General meeting of 25-06-2020 · Gazette deed
First establishment Abdis Erkastraat 42, Kortrijk
Incorporation published on 24-12-2010 · Gazette deed
All 26 events

Comparable companies

same main activity, similar in size and age
Company
BLUE PEN Kortrijk €510,233 €142,528 93.9% -
Benestef Zedelgem €505,752 €129,764 85.7% -
CONSULTANCY LIAM Izegem €450,813 €149,053 69.0% -
D-KONSULD Bruges €484,388 €124,599 57.1% -
LIMAGE CONSULT Lendelede €512,662 €122,140 79.6% -
VÄGSKÄL Ichtegem €509,781 €120,374 50.3% -
CLH Bruges €460,755 €163,695 53.5% 0

These companies have the same main activity as BLUE PEN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €451,000 and €513,000, founded between 2009 and 2011.

Official details

Source: KBO
Status
Active since 22-12-2010Normal situation
Activity
Business and other management consultancyNACE 70200and 2 others
Establishment unit
2.194.783.2678510 Kortrijk, since 03-01-2011
Financial year end
30 June
Peppol
Reachable since 18-09-2025
Company details

Annual accounts to 30-06-2025

€142,528▼ 14.2%
≈ €240,000estimated
€80,304▼ 12.3%
€478,891▲ 10.0%
€510,233▲ 5.7%
Filing
Filed on 02-02-2026
Financials

Insights on BLUE PEN

BLUE PEN files the micro format. That format states no turnover. The gross margin rose from €105,829 in 2012 to €142,528 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 02-02-2026, 2 days late
€142,528
▼ 14.2%
€127,012
▼ 11.9%
€80,304
▼ 12.3%
€430,408
▲ 14.7%
93.9%
▲ 3.7 percentage points
17.18
▲ 7.82

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 ≈ €240,000. Estimated: probably between €200,000 and €290,000.

Balance sheet

balance sheet total €510,233 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

93.9%

Higher than 93% of 41,211 companies in 2025.

17.18

Higher than 94% of 39,782 companies in 2025.

15.7%

Higher than 53% of 40,303 companies in 2025.

BLUE PEN Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012
Balance sheet: assets
20/58 510,233482,919357,394323,587239,002208,447197,194189,979193,633194,229214,116195,216126,951110,579
21/28 53,22262,69065,46749,77142,33740,79143,35050,84259,67871,79587,09262,70772,08613,958
22/27 53,22262,69065,46749,77142,33740,79143,35050,84259,67871,79587,09262,70772,08613,958
23 3,4255,324------------
24 7,05311,67622,5276,0221,6773,6785,676-1,3933,1356,4152,6768,35912,217
26 42,74545,69142,94043,74840,66037,11337,67450,84258,28568,66080,67860,03163,7261,741
29/58 457,011420,229291,927273,816196,665167,656153,843139,137133,955122,434127,024132,50954,86596,621
29 35,00035,00035,00035,00012,00012,000--------
291 35,00035,00035,00035,00012,00012,000--------
40/41 36,255104,02819,04947,54069,12823,46172,15653,54849,72342,21759,10986,20636,56021,034
40 23,120101,11912,79247,41664,58322,74072,04653,32349,723-15,51863,27317,27516,227
41 13,1362,9096,2571254,544721111225-42,21743,59122,93419,2854,808
54/58 354,926249,511195,220151,65175,33489,63335,86737,19532,54973,18164,21244,61218,03375,587
490/1 30,82931,69042,65739,62540,20342,56245,82148,39351,6847,0363,7021,691272-
Balance sheet: equity and liabilities
10/49 510,233482,919357,394323,587239,002208,447197,194189,979193,633194,229214,116195,216126,951110,579
10/15 478,891435,337343,730296,851225,291191,119175,511138,761162,315158,258157,751157,187102,49275,370
10/11 20,00020,00020,00020,00020,000-20,00020,00020,00020,00020,00020,00020,00020,000
100 ------20,00020,00020,00020,00020,00020,00020,00020,000
11 -----20,000--------
1100/10 -----20,000--------
13 458,891415,337206,629159,75088,25054,25038,7502,0002,0002,0002,0002,0002,0002,000
130/1 -----2,000--------
130 ------2,0002,0002,0002,0002,0002,0002,0002,000
1319 -----2,000--------
133 458,891415,337206,629159,75088,25052,25036,750-------
14 00117,101117,101117,041116,869116,761116,761140,315136,258135,751135,18780,49253,370
17/49 31,34247,58213,66426,73613,71017,32721,68351,21831,31835,97056,36538,02924,45935,209
42/48 26,60344,87813,47926,56213,43417,05218,79550,82630,93235,97056,36534,80821,06234,032
44 3,9517668473,1591,13610,3831,44027,2702,21416,92116,5002412384
440/4 3,9517668473,1591,13610,3831,44027,2702,21416,92116,5002412384
45 22,65244,11212,63222,32912,2986,66911,2489,06523,00019,04939,86534,78321,05031,189
450/3 22,65244,11212,63222,32912,2986,6698,5954,77518,98515,03535,87230,79318,74331,189
454/9 ------2,6534,2914,0154,0153,9933,9902,307-
47/48 --01,074--6,10714,4905,719----2,460
492/3 4,7392,7041841742762762,888393385--3,2213,3971,177
Income statement
9900 142,528166,06292,339124,50262,26744,01095,743-4,68631,08457,82995,430102,39073,149105,829
630 12,72112,88511,9569,8078,97715,57016,95215,31214,70516,67621,19520,01427,97417,825
640/8 2,7958,9302,3932,4281,9912,4661,4162,2343,2571,8781,1511,0811,0682,712
9901 127,012144,24777,990112,26651,29925,97477,375-22,23213,12139,27573,08481,29544,10785,291
75/76B 1,1809328491,833444346155691603,3563,1231,442367155
75 1,1809328491,833444346155691603,3563,1231,442367155
65/66B 2,8753,005969634437513161208241650781,185261137
65 2,8753,005969634437513161208241650781,185261137
9903 125,318142,17477,870113,46551,30625,80777,370-22,37213,04141,98276,12981,55244,21285,310
67/77 45,01350,56630,99141,90517,13410,19940,6191,1838,98416,47428,56526,85817,09029,940
9904 80,30491,60746,87971,55934,17215,60836,750-23,5544,05725,50747,56454,69527,12255,370
9905 80,30491,60746,87971,55934,17215,60836,750-23,5544,05725,50747,56454,69527,12255,370
Appropriation of the result
9906 80,304208,708163,980188,601151,041132,369153,511116,761140,315161,258182,751135,18780,49255,370
14P 0117,101117,101117,041----------
791/2 36,750-------------
691/2 80,304208,70846,87971,50034,00015,50036,750------2,000
6920 -------------2,000
6921 80,304208,70846,87971,50034,00015,50036,750-------
694/7 36,750--------25,00047,000---
694 36,750--------25,00047,000---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 02-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026919.

Financial year Type Filed Reference Document
30-06-2025 micro format 02-02-2026 2026-00026919 PDF
30-06-2024 micro format 27-02-2025 2025-00039882 PDF
30-06-2023 micro format 31-01-2024 2024-00020060 PDF
30-06-2022 micro format 31-01-2023 2023-00011039 PDF
30-06-2021 micro format 26-01-2022 2022-02800021 PDF
30-06-2020 micro format 29-01-2021 2021-03000435 PDF
30-06-2019 micro format 21-01-2020 2020-01700597 PDF
30-06-2018 micro format 29-03-2019 2019-08700354 PDF
30-06-2017 micro format 30-01-2018 2018-03300311 PDF
30-06-2016 abbreviated format 08-02-2017 2017-04200246 PDF
30-06-2015 abbreviated format 14-01-2016 2016-01600247 PDF
30-06-2014 abbreviated format 22-01-2015 2015-02200383 PDF
30-06-2013 abbreviated format 07-02-2014 2014-03000264 PDF
30-06-2012 abbreviated format 08-01-2013 2013-00500331 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012
139,734157,13289,946122,07360,27641,54494,327-6,92027,82655,95194,280101,30972,080103,117
93,026104,49258,83681,36743,14931,17853,702-8,24218,76242,18368,75974,70955,09673,195
3,25421,94127,65317,24110,52413,0109,4606,4762,5881,37845,58110,63586,10231,783
105,41554,29043,56976,317-14,29953,766-1,3294,647-40,6328,96819,60026,579-57,553-
430,408375,351278,447247,254183,231150,604135,04988,311103,02286,46370,65997,70133,80362,589
93.9%90.1%96.2%91.7%94.3%91.7%89.0%73.0%83.8%81.5%73.7%80.5%80.7%68.2%
17.189.3621.6610.3114.649.838.192.744.333.402.253.812.602.84
0.070.110.040.090.060.090.120.370.190.230.360.240.240.47
16.8%21.0%13.6%24.1%15.2%8.2%20.9%-17.0%2.5%16.1%30.2%34.8%26.5%73.5%
15.7%19.0%13.1%22.1%14.3%7.5%18.6%-12.4%2.1%13.1%22.2%28.0%21.4%50.1%
48.6152.2992.78over 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
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€3,254€21,941€27,653€17,241
€12,721€12,885€11,956€9,807

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on BLUE PEN

The operating result for 2025 is 12% lower than in 2024.

Debt's share of the balance-sheet total falls from 9.9% to 6.1%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in 2020
Director (not named in the articles)
since 25-06-2020 term without a fixed end
earlier director, until 07-07-2020
listed in the 2025 annual accounts, filed on 02-02-2026
Director (not named in the articles)
since 25-06-2020 term without a fixed end
earlier director, until 07-07-2020
listed in the 2025 annual accounts, filed on 02-02-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 07-07-2020

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director (not named in the articles)

Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director (not named in the articles), from 22-12-2010 to date
    • Director, until 07-07-2020
    • Director (not named in the articles), from 22-12-2010 to date
    • Director, until 07-07-2020

See the board, name and registered office on a given date →

Control

Capital

Contribution
€20,000
Source
2025 annual accounts

Articles of association

deed of 07-07-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited

Network & group

No group

BLUE PEN has no parent and no holdings in its annual accounts. BLUE PEN shares no director with another company.

Timeline

Timeline

26 events since 2010

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFmicro format · 2 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0832119745
Annual accounts 2024 filed PDFmicro format · 27 days late
2024
Highest result from 2012 to 2025 net €91,607 ▲95.4% The operating result of €144,247 and the net result of €91,607 are both a record.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Liquidity more than doubled current ratio 21.66 The current ratio rises from 10.31 to 21.66. Short-term debt falls from €26,562 to €13,479.
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
Annual accounts 2021 filed PDFmicro format · 5 days before the deadline
2021
Equity above €200,000 equity €225,291 ▲17.9% After 3 profitable years in a row, equity reaches €225,291.
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2020
2 directors appointed, 2 resignationsResignations: and · Appointments: (director) and (director) · General meeting of 25-06-20207 points ▸
  • General meeting, 25-06-2020
  • 100 shares
  • Director resignation,
  • Director resignation,
  • Director appointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Registered office clause, Abdis Erkastraat42, 8510 Kortrijk (Marke)
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 10 days before the deadline
2019
Back to profit net €36,750 The net result is €36,750, after one loss-making year.
Liquidity more than doubled current ratio 8.19 The current ratio rises from 2.74 to 8.19. Short-term debt falls from €50,826 to €18,795.
Annual accounts 2018 filed PDFmicro format · 57 days late
2018
Weakest financial year net -€23,554 The net result drops to -€23,554, the lowest from 2012 to 2025. It recovers the following year.
Annual accounts 2017 filed PDFmicro format · 1 day before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 8 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 17 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 9 days before the deadline
2014
Equity above €150,000 equity €157,187 ▲53.4% With a profit in every financial year since 2012, equity grows to €157,187.
Annual accounts 2013 filed PDFabbreviated format · 7 days late
2013
Equity above €100,000 equity €102,492 ▲36% With a profit in every financial year since 2012, equity grows to €102,492.
Annual accounts 2012 filed PDFabbreviated format · 23 days before the deadline
2011
First establishment Abdis Erkastraat 42, Kortrijk
2010
Incorporation PDFpublished on 24-12-2010

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

On 22 December 2010, BLUE PEN was incorporated.1 Total assets went from €197,194 in 2019 to €510,233 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0832.119.745
VAT number
BE 0832.119.745
Peppol ID
0208:0832119745
Other Peppol ID
9925:BE0832119745
Legal form
Private limited company
Status
Active, normal situation
Founded
22-12-2010
Financial year
ends on 30 June
Peppol
Reachable since 18-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
BLUE PEN in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 07-07-2020 (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.
“Vlaams Gewest”
deed of 07-07-2020 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
63990 Computing infrastructure, data processing, hosting and other information service activities
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“1. Voor eigen rekening,voor rekening van derden of in deelneming met derden:; 1. Voor eigen rekening :; Het verlenen van diensten en…”
12 activities
  1. 1. Voor eigen rekening,voor rekening van derden of in deelneming met derden:
  2. 1. Voor eigen rekening :
  3. Het verlenen van diensten en adviezen aan derden,dit in de meest ruime zin;
  4. Advies inzake SAP oplossingen en project management;
  5. Advies,bijstand en knowhow verlenen in volgende domeinen : SAP BI SAP SD/MM Project management Dit omvat volgende stappen : Scoping Analyse Gap analyse Configuratie sap systeem Testen Training Implementatie Nazorg Dit kan zowel voor projecten in België als in het buitenland.
  6. De vennootschap heeft eveneens tot voorwerp het waarnemen van bestuursopdrachten en mandaten,het uitoefenen van opdrachten en functies;
  7. De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar maatschappelijk voorwerp;
  8. De aan en verkoop,evenals de in- en uitvoer van om het even welke goederen;
  9. Het verwerven van participaties,in eender welke vorm,in alle bestaande of op te richten rechtspersonen of ondernemingen,het stimuleren,plannen en coördineren van de ontwikkeling van voorvermelde rechtspersonen of ondernemingen.
  10. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik,recht van opstal,erfpacht,…) zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën,de aan en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen; alsmede zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen;
  11. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten;
  12. Het toestaan van leningen en kredietopeningen aan rechtspersonen of particulieren,in eender welke vorm.
deed of 07-07-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Abdis Erkastraat 42 registered office 8510 Kortrijk 03-01-2011 2.194.783.267

Buildings and parcels at the address

Ground area
838 m²
Buildings
136 m²
Volume, LiDAR
671 m³
Tallest building
7.8 m
Buildings to scale, each on its own parcel
136 m², 7.8 m 136 m², 7.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34026A0526/00L000838 m² 1 · 136 m² 7.8 m · 2