BLUE SEAFOOD
The computed 12-month bankruptcy probability of BLUE SEAFOOD is 3.4% (moderate). The 2024 annual accounts show negative equity (€-6.54M) and a net result of €-2.07M. Equity is shrinking by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 637 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-6.54M |
| Net result | €-2.07M |
| Staff (FTE) | 0.6 |
| Better than sector | 7% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -120.7% | 21.2% | |
| Net result | €-2.07M | €7k | |
| Equity | €-6.54M | €26k | |
| Gross operating margin | €-1.43M | €59k | |
| Staff costs | €110k | €61k |
Show 10 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-1.54M |
| Net profit | €-2.07M |
| Cash flow | €-1.62M |
| Staff costs | €110k |
| Income taxes | - |
| Dividends | - |
| Total assets | €5.42M |
| Equity | €-6.54M |
| Debt | €11.96M |
| of which ≤ 1y | €3.17M |
| of which > 1y | €8.78M |
| Working capital | €-698k |
| Employees (FTE) | 0.6 |
| 2024 | |
|---|---|
| Current ratio | 0.78 |
| Quick ratio | 0.10 |
| Working capital ratio | -12.9% |
| Solvency | -120.7% |
| Debt / equity | -1.83 |
| Long-term debt ratio | -1.34 |
| Interest coverage | -18.77 |
| Gross margin | - |
| Net margin | - |
| ROA | -38.2% |
| ROE | 31.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.42M |
| Fixed assets | 21/28 | €2.94M |
| Formation expenses | 20 | €3k |
| Tangible fixed assets | 22/27 | €2.94M |
| Current assets | 29/58 | €2.47M |
| Stocks & contracts in progress | 3 | €2.15M |
| Amounts receivable within one year | 40/41 | €307k |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.42M |
| Equity | 10/15 | €-6.54M |
| Contributions / capital | 10/11 | €50k |
| Accumulated profits (losses) | 14 | €-6.59M |
| Amounts payable | 17/49 | €11.96M |
| Amounts payable after one year | 17 | €8.78M |
| Amounts payable within one year | 42/48 | €3.17M |
| Trade debts payable within one year | 44 | €3.01M |
| Income statement | ||
| Gross operating margin | 9900 | €-1.43M |
| Operating result | 9901 | €-1.99M |
| Financial income | 75 | €0 |
| Financial charges | 65 | €82k |
| Result before taxes | 9903 | €-2.07M |
| Net result for the period | 9904 | €-2.07M |
| Result to be appropriated | 9905 | €-2.07M |
| NACE primary | Verwerking en conservering van vis en van schaal- en weekdieren(10200) |
| Legal form | Private limited company(610) |
| Incorporation | 27-05-2021 |
| Status | Active |
| Postal code | 8380 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0361/00C007 | Flanders | 1.4 ha | 1 · 55 m² | 6.7 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
| Legal nameNL | BLUE SEAFOOD |