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Complete company report
Generated 19-08-2026
Active BE 0792.210.282Private limited company

BLUE RIVER STATIONS FUND BE

Graaf d'Ursellaan 37 ·8301 Knokke-Heist, Belgium· 3 yrs active
Sector: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen (68203)
Conclusion Checked

The computed 12-month bankruptcy probability of BLUE RIVER STATIONS FUND BE is 1.0% (low). The 2024 annual accounts show equity of €62k and a net result of €-25k. Its solvency ranks better than 37% of 4969 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €62k
Net result €-25k
Better than sector 37%
Active 3 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health10Profitability0Solvency3Growth58Stability94
33 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10
Profitability 0
Solvency 3
Growth 58
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
1.0% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
10 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 16-04-2025 with the NBB · fiscal year 2024 · micro
€-30k€-20k€-10k€0Operating result 2023: €4k€4kNet result 2023: €-28k€-28kOperating result 2024: €3k€3kNet result 2024: €-25k€-25k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 5.0% 16.7%
better than 37% of 4969 sector peers
Net result €-25k €2k
better than 16% of 4961 sector peers
Equity €62k €27k
better than 64% of 4972 sector peers
Gross operating margin €41k €27k
better than 60% of 4955 sector peers
Total assets €1.23M €302k
better than 85% of 4971 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€37k
+8.1% 23-24
Net profit
€-25k
+9.2% 23-24
Cash flow
€8k
+251.9% 23-24
Total assets
€1.23M
+56.8% 23-24
Equity
€62k
-29.2% 23-24
Working capital
€-442k
- 23-24
Debt
€1.17M
+67.4% 23-24
Debt ≤ 1y
€473k
+112498.5% 23-24
Show 8 other metrics
Debt > 1y
€700k
0.0% 23-24
Current ratio
0.06
-99.9% 23-24
Quick ratio
0.06
-99.9% 23-24
Solvency
5.0%
-54.9% 23-24
Debt / equity
19.06
+136.7% 23-24
ROE
-41.3%
-28.3% 23-24
ROA
-2.1%
+42.1% 23-24
Interest coverage
1.28
+19.5% 23-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€37k
Net profit€-25k
Cash flow€8k
Staff costs-
Income taxes-
Dividends-
Total assets€1.23M
Equity€62k
Debt€1.17M
of which ≤ 1y€473k
of which > 1y€700k
Working capital€-442k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.06
Quick ratio0.06
Working capital ratio-35.8%
Solvency5.0%
Debt / equity19.06
Long-term debt ratio11.38
Interest coverage1.28
Gross margin-
Net margin-
ROA-2.1%
ROE-41.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.23M
Fixed assets 21/28€1.20M
Tangible fixed assets 22/27€1.20M
Financial fixed assets 28€8k
Current assets 29/58€30k
Amounts receivable within one year 40/41€4
Cash & bank 54/58€30k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.23M
Equity 10/15€62k
Contributions / capital 10/11€115k
Accumulated profits (losses) 14€-53k
Amounts payable 17/49€1.17M
Amounts payable after one year 17€700k
Amounts payable within one year 42/48€473k
Trade debts payable within one year 44€473k
Income statement
Gross operating margin 9900€41k
Operating result 9901€3k
Financial income 75€16
Financial charges 65€29k
Result before taxes 9903€-25k
Net result for the period 9904€-25k
Result to be appropriated 9905€-25k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen(68203)
Legal form Private limited company(610)
Incorporation07-10-2022
StatusActive
Postal code8301
Establishment units 1 location
BLUE RIVER STATIONS FUND BE
Graaf d'Ursellaan 37, 8301 Knokke-HeistHoldings
since 20222.337.471.554
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31336H0172/00A000 Flanders 364 m² 1 · 364 m² 25.0 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
16-04-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
08-01-2025
State Gazette act Registered-office change
2024
26-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
20-09-2023
State Gazette act Registered-office change
Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
Address history · 2
08-01-2025
Registered-office move
20-09-2023
Registered-office move
All acts · 2 updated 1 year ago
2025
08-01-2025 Registered office moved within Knokke-Heist Registered-office change
  • Charles de costerlaan 7. 8300 Knokke-heist → Graaf d'Ursellaan 37 bus 00, 8301 Knokke-Heist
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Graaf d\u0027Ursellaan 37 bus 00, 8301 Knokke-Heist",
        "city": "Knokke-Heist",
        "region": "vlaams_gewest",
        "street": "Graaf d\u0027Ursellaan",
        "country": "BE",
        "postcode": "8301",
        "box_number": "00",
        "street_number": "37",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Charles de costerlaan 7. 8300 Knokke-heist",
        "city": "Knokke-heist",
        "region": "vlaams_gewest",
        "street": "Charles de costerlaan",
        "country": "BE",
        "postcode": "8300",
        "box_number": null,
        "street_number": "7",
        "locality_suffix": null
      },
      "effective_date": "2024-12-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "act_body",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-01-08",
    "filing_date": "2024-12-26",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2024-12-17",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0792.210.282",
    "name_full": "Blue River Stations Fund B\u0415",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0677.781.659",
    "org_name": "BV SD FISCAL SERVICES",
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "de notulen van de algemene vergadering dd. 17/12/2024"
  ]
}
2023
20-09-2023 Registered office moved within Knokke-Heist Registered-office change
  • Kustlaan 11 bus 43. 8300 Knokke-Heist → Charles de Costerlaan 7, 8300 Knokke-Heist
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Charles de Costerlaan 7, 8300 Knokke-Heist",
        "city": "Knokke-Heist",
        "region": "vlaams_gewest",
        "street": "Charles de Costerlaan",
        "country": "BE",
        "postcode": "8300",
        "box_number": null,
        "street_number": "7",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Kustlaan 11 bus 43. 8300 Knokke-Heist",
        "city": "Knokke-Heist",
        "region": "vlaams_gewest",
        "street": "Kustlaan",
        "country": "BE",
        "postcode": "8300",
        "box_number": "43",
        "street_number": "11",
        "locality_suffix": null
      },
      "effective_date": "2023-09-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": false,
      "nationality_change": false,
      "old_address_source": "act_body",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-09-11",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2023-09-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0792.210.282",
    "name_full": "BLUE RIVER STATIONS FUND BE",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameNL BLUE RIVER STATIONS FUND BE
Registered office
Graaf d'Ursellaan 37 bus 0
8301 Knokke-Heist, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative