BLUE STORKS
ActiveSummary
The computed 12-month bankruptcy probability of BLUE STORKS is 1.9% (moderate). The 2024 annual accounts show equity of €850,208 and a net result of €44,589. Equity is growing by ~20.8% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-29
Solvency67▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.57 in 2023; short-term debt: 28.5% and cash: 20.5% of total assets), but 57.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
23 d early
2023
19 d early
2022
42 d early
2021
51 d early
2020
31 d late
2019
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema, 2025 accounts filed, figures not processed yet
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44,589▼ 71.0%
2023 · €153,910
Working capital
€786,779▲ 6.4%
2023 · €739,389
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€40,756€157,075€318,477▲ 103%€241,418▼ 24.2%€88,231▼ 63.5%
Net result-€52,260below the sector's middle half€112,924within the sector's middle half€213,762above the sector's middle half▲ 89.3%€153,910above the sector's middle half▼ 28.0%€44,589within the sector's middle half▼ 71.0%
Equity€409,729within the sector's middle half▼ 11.3%€522,653within the sector's middle half▲ 27.6%€736,414within the sector's middle half▲ 40.9%€890,324above the sector's middle half▲ 20.9%€850,208within the sector's middle half▼ 4.5%
Total assets€1.2mwithin the sector's middle half▲ 24.3%€1.4mwithin the sector's middle half▲ 16.0%€1.7mwithin the sector's middle half▲ 26.3%€1.9mwithin the sector's middle half▲ 7.8%€2.0mwithin the sector's middle half▲ 6.6%
Debt€779,584▲ 57.4%€857,355▲ 10.0%€1.0m▲ 17.5%€988,373▼ 1.9%€1.2m▲ 16.5%
Working capital€283,977within the sector's middle half▼ 31.9%€395,520within the sector's middle half▲ 39.3%€671,663above the sector's middle half▲ 69.8%€739,389above the sector's middle half▲ 10.1%€786,779above the sector's middle half▲ 6.4%
Solvency34.5%within the sector's middle half▼ 13.8pp37.9%within the sector's middle half▲ 3.4pp42.2%within the sector's middle half▲ 4.4pp47.4%within the sector's middle half▲ 5.2pp42.5%within the sector's middle half▼ 4.9pp
Current ratio1.93within the sector's middle half▲ 0.091.87within the sector's middle half▼ 0.072.20within the sector's middle half▲ 0.332.57above the sector's middle half▲ 0.372.38within the sector's middle half▼ 0.19
Return on assets (ROA)-4.4%below the sector's middle half▼ 19.9pp8.2%within the sector's middle half▲ 12.6pp12.3%above the sector's middle half▲ 4.1pp8.2%within the sector's middle half▼ 4.1pp2.2%within the sector's middle half▼ 6.0pp
Staff (FTE)7.3within the sector's middle half▲ 17.7%4.6within the sector's middle half▼ 37.0%6.6within the sector's middle half▲ 43.5%8.4within the sector's middle half▲ 27.3%8.4within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€645,121 ▼ 3.5%
Current assets
€1.4m ▲ 12.1%
Equity and liabilities €2.0m
Equity
€850,208 ▼ 4.5%
Debt
€1.2m ▲ 16.5%
Debt's share of the balance-sheet total rises from 52.6% to 57.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€140,882▼
2023 · €279,757
Cash flow
€97,240▼
2023 · €192,249
Quick ratio
1.03▼
2023 · 1.12
Debt to equity
1.35▲
2023 · 1.11
ROE
5.2%▼
2023 · 17.3%
Interest coverage
3.47▼
2023 · 7.58
Debt ≤ 1 year
€570,003▲
2023 · €470,885
Debt > 1 year
€580,793▲
2023 · €517,489
Income taxes
€17,873▼
2023 · €54,444
Staff costs
€480,368▲
2023 · €433,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €183,198 | €343,478 | €433,096 | €480,368 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,927 | €36,206 | €36,176 | €38,339 | €52,651 | ▲ 37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | €442 | €0 | €474 | - |
| Other operating charges640/8 | - | €186,270 | €6,537 | €8,678 | €16,323 | ▲ 88.1% |
| Non-recurring operating charges66A | - | - | - | €438 | €0 | ▼ 100% |
| Gross operating margin9900 | €398,221 | €562,749 | €705,110 | €721,968 | €638,047 | ▼ 11.6% |
| Operating profit (loss)9901 | -€40,756 | €157,075 | €318,477 | €241,418 | €88,231 | ▼ 63.5% |
| Financial income75/76B | - | €3,100 | €115 | €3,859 | €14,773 | ▲ 283% |
| Recurring financial income75 | €14,717 | €3,100 | €115 | €3,859 | €14,773 | ▲ 283% |
| Financial charges65/66B | - | €25,359 | €29,552 | €36,923 | €40,542 | ▲ 9.8% |
| Recurring financial charges65 | €26,222 | €25,359 | €29,552 | €36,923 | €40,542 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | -€52,260 | €134,816 | €289,040 | €208,354 | €62,462 | ▼ 70.0% |
| Income taxes67/77 | €0 | €21,892 | €75,278 | €54,444 | €17,873 | ▼ 67.2% |
| Profit (loss) for the period9904 | -€52,260 | €112,924 | €213,762 | €153,910 | €44,589 | ▼ 71.0% |
| Profit (loss) for the period to be appropriated9905 | -€52,260 | €112,924 | €213,762 | €153,910 | €44,589 | ▼ 71.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.7m | €1.9m | €2.0m | ▲ 6.6% |
| Fixed assets21/28 | €601,300 | €529,050 | €511,891 | €668,424 | €645,121 | ▼ 3.5% |
| Intangible fixed assets21 | - | - | - | - | €12,213 | - |
| Tangible fixed assets22/27 | €594,037 | €528,987 | €511,329 | €646,722 | €611,206 | ▼ 5.5% |
| Land and buildings22 | - | €495,506 | €478,665 | €461,825 | €444,985 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €5,756 | €4,764 | €7,328 | €5,356 | ▼ 26.9% |
| Furniture and vehicles24 | - | €26,608 | €25,396 | €19,417 | €12,589 | ▼ 35.2% |
| Other tangible fixed assets26 | - | €1,118 | €2,503 | €158,151 | €148,276 | ▼ 6.2% |
| Financial fixed assets28 | €7,262 | €62 | €562 | €21,702 | €21,702 | = |
| Current assets29/58 | €588,014 | €850,958 | €1.2m | €1.2m | €1.4m | ▲ 12.1% |
| Stocks and contracts in progress3 | €176,480 | €328,888 | €797,674 | €680,900 | €768,123 | ▲ 12.8% |
| Stocks30/36 | - | €328,888 | €797,674 | €680,900 | €768,123 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €257,526 | €95,817 | €150,070 | €120,693 | €113,502 | ▼ 6.0% |
| Trade receivables40 | - | €79,081 | €126,061 | €106,855 | €89,514 | ▼ 16.2% |
| Other amounts receivable41 | - | €16,736 | €24,009 | €13,838 | €23,988 | ▲ 73.3% |
| Current investments50/53 | €10,000 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €141,151 | €422,895 | €280,020 | €404,997 | €410,019 | ▲ 1.2% |
| Deferred charges and accrued income490/1 | - | €3,358 | €3,888 | €3,683 | €65,139 | ▲ 1,669% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.7m | €1.9m | €2.0m | ▲ 6.6% |
| Equity10/15 | €409,729 | €522,653 | €736,414 | €890,324 | €850,208 | ▼ 4.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €389,269 | €502,193 | €715,954 | €869,864 | €829,748 | ▼ 4.6% |
| Amounts payable17/49 | €779,584 | €857,355 | €1.0m | €988,373 | €1.2m | ▲ 16.5% |
| Amounts payable after more than one year17 | €475,547 | €401,916 | €447,140 | €517,489 | €580,793 | ▲ 12.2% |
| Financial debts170/4 | - | €401,916 | €447,140 | €517,489 | €580,793 | ▲ 12.2% |
| Amounts payable within one year42/48 | €304,037 | €455,438 | €559,989 | €470,885 | €570,003 | ▲ 21.0% |
| Current portion of amounts payable after more than one year42 | - | €30,200 | €100,459 | €84,815 | €158,550 | ▲ 86.9% |
| Financial debts43 | - | €160 | €8,161 | €50,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €160 | €8,161 | €50,000 | €0 | ▼ 100% |
| Trade debts44 | €71,448 | €116,096 | €226,311 | €233,938 | €298,911 | ▲ 27.8% |
| Suppliers440/4 | - | €116,096 | €226,311 | €233,938 | €298,911 | ▲ 27.8% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €70,039 | €115,737 | €85,806 | €112,542 | ▲ 31.2% |
| Taxes450/3 | - | €44,781 | €63,808 | €36,698 | €32,580 | ▼ 11.2% |
| Remuneration and social security454/9 | - | €25,257 | €51,929 | €49,108 | €79,962 | ▲ 62.8% |
| Other amounts payable47/48 | - | €238,943 | €109,321 | €16,326 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €900 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€52,260 | €112,924 | €213,762 | €153,910 | €44,589 | ▼ 71.0% |
| + Depreciation and write-downs630 | €52,927 | €36,206 | €36,176 | €38,339 | €52,651 | ▲ 37.3% |
| Operating cash flow (approximation) | €667 | €149,130 | €249,937 | €192,249 | €97,240 | ▼ 49.4% |
| Investment in fixed assets (approximation) | - | €36,044 | -€19,017 | -€194,872 | -€29,348 | ▲ 84.9% |
| Change in cash | - | €281,743 | -€142,875 | €124,977 | €5,022 | ▼ 96.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €213,762 ▲89.3%
Operating result €318,477, net result €213,762, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €112,924
Net result €112,924 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €522,653 ▲27.6%
Equity rises from €409,729 to €522,653.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€52,260
Net result drops to -€52,260, the lowest in the series; recovery starts the following year.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 2 establishment units since 2015
Ground area
2,456 m²
Building footprint
2,078 m²
Volume, LiDAR
40,747 m³
2 parcels, Brussels, Flanders · tallest building 29.2 m, ±8 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
2 establishment units
BLUE STORKS / LA BOUCLE
since 20152.252.651.586
BLUE STORKS / ICE KNOKKE
since 20212.318.654.544
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0020/00E000 | Flanders | 1,883 m² | 1 · 1,507 m² | 29.2 m · 8 fl. |
| 21012A0226/00M002 | Brussels | 573 m² | 1 · 570 m² | 22.8 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of BLUE STORKS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900M9TXSE352HE033
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Company details
Identification
Legal formPrivate limited company
Founded16-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
14299Manufacture of wearing apparel
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46424Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0552956220
Registered
14-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.