Blue Star
ActiveSummary
The computed 12-month bankruptcy probability of Blue Star is 2.0% (moderate). The 2025 annual accounts show equity of €89k and a net result of €12k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 18280 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-8
Solvency55▼-15
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.82 in 2024; short-term debt: 46.7% and cash: 10.9% of total assets), and 70.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-09-2025, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
267 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 16.1%
2024 · €77k
2023: €59k
2024: €77k
2023 → 2025
Total assets
€298k▲ 75.9%
2024 · €170k
2023: €122k
2024: €170k
2023 → 2025
Net result
€12k▼ 29.2%
2024 · €17k
2023: €49k
2024: €17k
2023 → 2025
Working capital
€67k▼ 11.6%
2024 · €76k
2023: €59k
2024: €76k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€59k-€77k▲ 29.4%€89k▲ 16.1%
Operating result€66k-€37k▼ 44.0%€18k▼ 52.5%
Net result€49k-€17k▼ 64.7%€12k▼ 29.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 52% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298k
Fixed assets
€92k ▲ 16,139%
Current assets
€207k ▲ 22.2%
Equity and liabilities €298k
Equity
€89k ▲ 16.1%
Debt
€209k ▲ 125%
Debt's share of the balance-sheet total rises from 54.7% to 70.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €37k
Cash flow
€14k▼
2024 · €18k
Current ratio
1.48▼
2024 · 1.82
Quick ratio
1.20▼
2024 · 1.55
Debt to equity
2.35▲
2024 · 1.21
ROE
13.9%▼
2024 · 22.7%
ROA
4.1%▼
2024 · 10.3%
Interest coverage
3.02▲
2024 · 3.01
Debt ≤ 1 year
€139k▲
2024 · €93k
Debt > 1 year
€70k
Income taxes
€4k▼
2024 · €7k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€170k€298k▲
Fixed assets21/28€565€92k▲
Tangible fixed assets22/27€565€92k▲
Plant, machinery and equipment23€565€2k▲
Furniture and vehicles24-€90k
Current assets29/58€169k€207k▲
Stocks and contracts in progress3€25k€40k▲
Stocks30/36€25k€40k▲
Amounts receivable within one year40/41€133k€134k▲
Trade receivables40€50k€29k▼
Other amounts receivable41€83k€106k▲
Cash at bank and in hand54/58€11k€32k▲
Equity and liabilities
Total equity and liabilities10/49€170k€298k▲
Equity10/15€77k€89k▲
Contributions10/11€10k€10k=
Reserves13€10k€20k▲
Distributable reserves133€10k€20k▲
Profit (loss) carried forward14€57k€59k▲
Amounts payable17/49€93k€209k▲
Amounts payable after more than one year17-€70k
Financial debts170/4-€70k
Amounts payable within one year42/48€93k€139k▲
Trade debts44€58k€52k▼
Suppliers440/4€58k€52k▼
Taxes, remuneration and social security45€24k€18k▼
Taxes450/3€24k€18k▼
Other amounts payable47/48€10k€69k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€200€2k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€39k€21k▼
Operating profit (loss)9901€37k€18k▼
Financial income75/76B€0€6k▲
Recurring financial income75€0€6k▲
Financial charges65/66B€12k€6k▼
Recurring financial charges65€12k€6k▼
Profit (loss) for the period before taxes9903€25k€17k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€17k€12k▼
Profit (loss) for the period to be appropriated9905€17k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€69k▲
Profit (loss) brought forward from the previous period14P€49k€57k▲
Transfer to equity691/2€10k€10k=
To other reserves6921€10k€10k=
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €12k ▼29.2%
Net result drops to €12k, the lowest in the series.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 267 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Diepenbeek · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwstraat 2333590 DiepenbeekGround area
1,376 m²
Building footprint
638 m²
Volume, LiDAR
3,658 m³
2 parcels, Flanders · tallest building 16.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blue Star
since 20222.332.029.260
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71011I1330/00A000 | Flanders | 844 m² | 1 · 501 m² | 16.5 m · 1 fl. |
| 71011I0083/00A000 | Flanders | 531 m² | 1 · 137 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDiepenbeek2.332.029.260
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,674 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
Founded29-05-2022
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.