BLUE TWO
BLUE TWO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €85k and a net result of €2k. Equity is growing by ~49.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 762 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €85k |
| Net result | €2k |
| Better than sector | 21% |
| Active | 7 yrs |
Fragile profile, watch health in particular.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
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 | 8.9% | 38.8% | |
| Net result | €2k | €28k | |
| Equity | €85k | €63k | |
| Gross operating margin | €450k | €66k | |
| Staff costs | €230k | €63k |
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €2k |
| Cash flow | n/a |
| Staff costs | €230k |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €949k |
| Equity | €85k |
| Debt | €864k |
| of which ≤ 1y | €436k |
| of which > 1y | €428k |
| Working capital | n/a |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 8.9% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 0.2% |
| ROE | 2.2% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €949k |
| Fixed assets | 21/28 | €610k |
| Formation expenses | 20 | €65k |
| Intangible fixed assets | 21 | €510k |
| Tangible fixed assets | 22/27 | €91k |
| Financial fixed assets | 28 | €9k |
| Current assets | 29/58 | €274k |
| Amounts receivable within one year | 40/41 | €253k |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €949k |
| Equity | 10/15 | €85k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €76k |
| Accumulated profits (losses) | 14 | €2k |
| Amounts payable | 17/49 | €864k |
| Amounts payable after one year | 17 | €428k |
| Amounts payable within one year | 42/48 | €436k |
| Trade debts payable within one year | 44 | €60k |
| Income statement | ||
| Gross operating margin | 9900 | €450k |
| Operating result | 9901 | €35k |
| Financial charges | 65 | €28k |
| Result before taxes | 9903 | €6k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €2k |
| Result to be appropriated | 9905 | €2k |
-
Current22-05-2025 → present
-
JCF MANAGEMENT SRLLegal entityDirector· perm. rep.: José CAMBLOR SUAREZState Gazette act 23151434 (27-11-2023)Current27-10-2023 → present
-
ASJC HOLDINGLegal entityDirector· perm. rep.: SACCONE Arnaud JacquesState Gazette act 23380388 (11-08-2023)Current11-08-2023 → present
-
JCF MANAGEMENTLegal entityDirector· perm. rep.: CAMBLOR-SUAREZ José EmmanuelState Gazette act 23380388 (11-08-2023)Current11-08-2023 → present
Former directors (4)
-
Former27-10-2023 → 01-01-2025
2 events
- 01-01-2025 Resigned· Director
- 27-10-2023 Appointed· Director
-
Former- → 11-08-2023
-
Former- → 11-08-2023
-
Former01-06-2021 → 11-08-2023
2 events
- 11-08-2023 Resigned· Director
- 01-06-2021 Appointed· Director
| NACE primary | 66220 |
| Legal form | Private limited company(610) |
| Incorporation | 07-12-2018 |
| Status | Active |
| Postal code | 1370 |
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. |
|---|---|---|---|---|
| 25047B0113/00H000 | Wallonia | 950 m² | 1 · 163 m² | 8.0 m · 2 fl. |
| 62803D0062/00Y002 | Wallonia | 505 m² | 1 · 103 m² | - |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
09-03-2026 Nicolas LEONARD resigns as director
- Nicolas LEONARD, Bestuurder
Technical details
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"effective_date": "2025-12-31",
"evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e acte la d\u00E9mission de Monsieur Nicolas LEONARD, de sa fonction d\u0027administrateur de la soci\u00E9t\u00E9 BLUE TWO au 31 D\u00E9cembre 2025.",
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"evidence_quote": "La d\u00E9charge pleine et enti\u00E8re lui sera attribu\u00E9e lors de la prochaine assembl\u00E9e g\u00E9n\u00E9rale ordinaire.",
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],
"notary": {
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},
"act_meta": {
"language": "fr",
"pub_date": "2026-03-09",
"filing_date": "2026-01-27",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2026-01-27",
"unanimous": true
}
],
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"subject_company": {
"kbo": "0715.591.467",
"name_full": "BLUE TWO",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "ASA MANAGEMENT SRL",
"person_name": null,
"org_rep_person_name": "Arnaud SACCONE",
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}23-06-2025 Nicolas LEONARD appointed as director
- Nicolas LEONARD, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
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},
"effective_date": "2025-05-22",
"evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e d\u00E9cide de nommer \u00E0 partir de ce jour Monsieur Nicolas LEONARD, N.N. 89.09.19-461.28, administrateur pour une dur\u00E9e ind\u00E9termin\u00E9e de la soci\u00E9t\u00E9 BLUE TWO SRL."
}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0715.591.467",
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}
}25-03-2025 Olivier Sempels resigns as director
- Olivier Sempels, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Olivier Sempels",
"address": null,
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},
"effective_date": "2025-01-01",
"evidence_quote": "A l\u0027unanimit\u00E9 des voix, l\u0027assembl\u00E9e acte la d\u00E9mission de Monsieur Olivier Sempels de ses fonctions d\u0027administrateur de la soci\u00E9t\u00E9 \u00E0 partir du 01 janvier 2025."
}
],
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"subject_company": {
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}
}27-11-2023 2 directors appointed
- Olivier SEMPELS, Bestuurder
- José CAMBLOR SUAREZ, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Olivier SEMPELS",
"address": null,
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},
"effective_date": "2023-10-27",
"evidence_quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e d\u00E9cide de nommer \u00E0 partir de ce jour Monsieur Olivier SEMPELS N.N.73.08.23-197.23, administrateur pour une dur\u00E9e ind\u00E9termin\u00E9e de la soci\u00E9t\u00E9 BLUE TWO SRL."
},
{
"kind": "director_in",
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"name": "Jos\u00E9 CAMBLOR SUAREZ",
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},
"via_org": {
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"name": "JCF MANAGEMENT SRL",
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},
"effective_date": "2023-10-27",
"evidence_quote": "JCF MANAGEMENT SRL Administrateur repr\u00E9sent\u00E9 par Jos\u00E9 CAMBLOR SUAREZ repr\u00E9sentant permanent"
}
],
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},
"subject_company": {
"kbo": "0715.591.467",
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"legal_form": "SRL"
}
}11-08-2023 Articles of association amended
Technical details
{
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},
"statute_change": {
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"effective_date": "2023-07-28",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
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},
"signature_regime": "joint_all",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}01-06-2021 Saccone Arnaud appointed as director
- Saccone Arnaud, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "Saccone Arnaud",
"address": null,
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},
"evidence_quote": "l\u0027Assembl\u00E9e d\u00E9cide de nommer de Mr. Saccone Arnaud (n\u00E9 le 21/05/1987 et domicili\u00E9 Rue des Awirs 369 -4400 Fl\u00E9malle), qui accepte, comme nouvel administrateur de la soci\u00E9t\u00E9 Blue Two SPRL et ce pour une dur\u00E9e ind\u00E9termin\u00E9e."
}
],
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"subject_company": {
"kbo": "0715.591.467",
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"legal_form": "SPRL"
}
}11-12-2018 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "1370 Jodoigne (Jauchelette), Rue Haute 2",
"schema": "v3.2",
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"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1959-07-31",
"name": "LE CLERCQ Chantal Christiane Jacqueline Marie Ghislaine Joseph",
"niss": null,
"address": "1370 Jodoigne, Rue Haute 2"
},
"share_class": "parts sociales sans d\u00E9signation de valeur nominale",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 6200.0,
"holder_person_name": "LE CLERCQ Chantal Christiane Jacqueline Marie Ghislaine Joseph",
"is_subscriber_only": false,
"n_shares_subscribed": 150,
"amount_subscribed_eur": 18600.0,
"is_anonymous_silent_partner": false
},
{
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"kind": "natural_person",
"person": {
"dob": "1965-05-16",
"name": "CAMBLOR-SUAREZ Jos\u00E9 Emmanuel",
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"address": "1370 Jodoigne, Rue Haute 2"
},
"share_class": "parts sociales sans d\u00E9signation de valeur nominale",
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"contribution_type": "cash",
"amount_paid_in_eur": 6200.0,
"holder_person_name": "CAMBLOR-SUAREZ Jos\u00E9 Emmanuel",
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"amount_subscribed_eur": 18600.0,
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}
],
"capital_eur": 18600.0,
"subject_company": {
"kbo": "0715.591.467",
"name_full": "BLUE TWO",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2018-12-06",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | BLUE TWO |