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BLUE RIVER STATIONS FUND BE

Active
Private limited companyfounded 2022active for 4 yearsGraaf d'Ursellaan 37, 8301 Knokke-Heist, BelgiumKBO/BCE: BE 0792.210.282
Summary

BLUE RIVER STATIONS FUND BE has been active since 2022 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry. The 2025 annual accounts show equity of €52,626 and a net result of -€8,912. Equity has been shrinking by about 28% per year since 2023. Its solvency ranks better than 26% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Official details

Source: KBO
Status
Active since 07-10-2022 Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
Establishment unit
2.337.471.554 8301 Knokke-Heist, since 07-10-2022
Financial year end
31 December
Peppol
Reachable since 22-05-2025

Board and ownership

Board
  • FRS HOLDINGDirector

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Annual accounts 2025
Gross margin
€95,266
▲ 133%
Turnover
≈ €120,000
estimated
Loss
€8,912
▼ 65.0%
Equity
€52,626
▼ 14.5%
Total assets
€1.2m
▼ 4.4%
Score breakdownraises risk1 change of registered office in 24 monthsEquity €52,626 (4.5% of total assets)lowers riskSize: total assets €1.2mSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 36% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 29-1
equity 4.5% of total assets
Liquidity 54+19
short-term debt 6.0% · cash 2.9%
Profitability 35+8
return on assets -0.8%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: 1.1% 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 5.1%▲ +4.0 percentage points vs 01-2025 03-2025: 5.1%● unchanged vs 02-2025 04-2025: 5.2%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 4.9%▼ -0.3 percentage points vs 04-2025 06-2025: 4.9%● unchanged vs 05-2025 07-2025: 4.9%● unchanged vs 06-2025 08-2025: 4.9%● unchanged vs 07-2025 09-2025: 4.9%● unchanged vs 08-2025 10-2025: 1.1%▼ -3.8 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.3%▲ +0.2 percentage points vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 0.9%▼ -0.4 percentage points vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.8%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: 0.8%● unchanged vs 10-2026lowest value
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.61 (0.06 in 2024), below 1. Short-term debt is 6% and cash 2.9% of total assets. 95.5% of the assets are financed with debt and provisions.
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 68, micro). It does better than 25% of them on solvency, 63% on liquidity, 31% on profitability and 24% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Equity €52,626 (4.5% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
232425
2023 to 2025 · latest year -€8,912
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 · 3 filings
Deviation from the deadline
2025
32 days early
2024
106 days early
2023
96 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 78 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 April (3 of the last 3 accounts filed within 63 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€8,912 View

Recent changes

  1. · Gazette deed Registered office moved within Knokke-HeistPermanent representative: Roelof Maas
  2. · KBO administration Address struckevent 29-03-2024
  3. · Gazette deed Registered office moved within Knokke-Heist
All 7 events

Comparable companies

These companies have the same main activity as BLUE RIVER STATIONS FUND BE: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €960,000 and €1.3m, founded in 2022.

CompanyTotal assetsGross margin
BLUE RIVER STATIONS FUND BE Knokke-Heist€1.2m€0.1m
Tom Masselus Health & Energy Ieper€1.0m€0.09m
Willambroux Invest Nivelles€1.3m€0.09m
IMMO-NRFK2022 Malmedy€1.1m€0.1m
TRS IMMO Marche-en-Famenne€1.1m€0.08m
AYD REAL ESTATE Genk€1.1m€0.08m
AMADCO BENELUX Etterbeek€1.2m€0.08m
Full comparison

Key facts about BLUE RIVER STATIONS FUND BE

What is the company number of BLUE RIVER STATIONS FUND BE?
The company number of BLUE RIVER STATIONS FUND BE is 0792.210.282. The VAT number is the same number with BE in front: BE 0792.210.282.
Where is BLUE RIVER STATIONS FUND BE based?
The registered office is at Graaf d'Ursellaan 37, 8301 Knokke-Heist.Company details
What does BLUE RIVER STATIONS FUND BE do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of BLUE RIVER STATIONS FUND BE?
The legal form of BLUE RIVER STATIONS FUND BE is Private limited company (BV).
When was BLUE RIVER STATIONS FUND BE founded?
BLUE RIVER STATIONS FUND BE was founded on 07-10-2022.
Is BLUE RIVER STATIONS FUND BE still active?
Yes, BLUE RIVER STATIONS FUND BE is an active enterprise in the KBO register.
What is the turnover of BLUE RIVER STATIONS FUND BE?
The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €95,266 and 45 comparable companies (NACE 682). It probably lies between €110,000 and €160,000.Financials
Is BLUE RIVER STATIONS FUND BE profitable?
In financial year 2025, BLUE RIVER STATIONS FUND BE made a loss of €8,912.
Where can I find the annual accounts of BLUE RIVER STATIONS FUND BE?
BLUE RIVER STATIONS FUND BE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BLUE RIVER STATIONS FUND BE due?
BLUE RIVER STATIONS FUND BE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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