BLUEBELL
ActiveBLUEBELL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €27k. Equity is growing by ~65.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 7723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+5
Solvency36▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.31 in 2024; short-term debt: 11.5% and cash: 0.9% of total assets), and 88.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.1%
Return on assets
3.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7723 sector peers (2025).
NBB · sector comparisonPosition among 7723 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
2 d late
2023
14 d late
2022
3 d late
2021
11 d late
2020
on the day
2019
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 43.3%
2024 · €62k
2018: €-19k
2019: €-16k
2020: €-9k
2021: €18k
2022: €28k
2023: €42k
2024: €62k
2018 → 2025
Total assets
€801k▲ 81.9%
2024 · €440k
2018: €550k
2019: €526k
2020: €490k
2021: €458k
2022: €461k
2023: €386k
2024: €440k
2018 → 2025
Net result
€27k▲ 33.1%
2024 · €20k
2018: €1k
2019: €23k
2020: €8k
2021: €26k
2022: €11k
2023: €13k
2024: €20k
2018 → 2025
Working capital
€-65k▲ 31.9%
2024 · €-96k
2018: €20k
2019: €-9k
2020: €-40k
2021: €-37k
2022: €-22k
2023: €-56k
2024: €-96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€28k▲ 61.7%€42k▲ 47.3%€62k▲ 48.2%€89k▲ 43.3%
Operating result€58k-€38k▼ 34.9%€39k▲ 5.0%€49k▲ 25.0%€59k▲ 20.1%
Net result€26k-€11k▼ 58.7%€13k▲ 23.9%€20k▲ 50.2%€27k▲ 33.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €801k
Fixed assets
€774k▲ 95.3%
Current assets
€27k▼ 38.4%
Equity and liabilities €801k
Equity
€89k▲ 43.3%
Provisions
€77k▼ 2.2%
Debt
€635k▲ 112%
The debt ratio rises from 67.9% to 79.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93k▲
2024 · €75k
Cash flow
€61k▲
2024 · €46k
Solvency
11.1%▼
2024 · 14.1%
Current ratio
0.29▼
2024 · 0.31
Quick ratio
0.29▼
2024 · 0.31
Debt / equity
7.13▲
2024 · 4.81
ROE
30.2%▼
2024 · 32.5%
ROA
3.4%▼
2024 · 4.6%
Interest coverage
4.84▲
2024 · 3.98
Debt
€635k▲
2024 · €299k
Debt ≤ 1 year
€93k▼
2024 · €140k
Debt > 1 year
€542k▲
2024 · €158k
Income taxes
€13k▲
2024 · €10k
Staff costs
€28k▼
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€440k€801k▲
Fixed assets21/28€396k€774k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€394k€387k▼
Land and buildings22€301k€287k▼
Plant, machinery and equipment23€83k€93k▲
Furniture and vehicles24€10k€7k▼
Financial fixed assets28-€385k
Current assets29/58€44k€27k▼
Amounts receivable within one year40/41€27k€15k▼
Trade receivables40€27k€15k▼
Cash at bank and in hand54/58€17k€8k▼
Deferred charges and accrued income490/1€370€4k▲
Equity and liabilities
Total equity and liabilities10/49€440k€801k▲
Equity10/15€62k€89k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€42k€69k▲
Provisions and deferred taxes16€79k€77k▼
Provisions for liabilities and charges160/5€79k€77k▼
Environmental obligations163€79k€77k▼
Amounts payable17/49€299k€635k▲
Amounts payable after more than one year17€158k€542k▲
Financial debts170/4€158k€359k▲
Other amounts payable178/9-€183k
Amounts payable within one year42/48€140k€93k▼
Current portion of amounts payable after more than one year42€51k€49k▼
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€30k€29k▼
Taxes450/3€17k€25k▲
Remuneration and social security454/9€13k€4k▼
Other amounts payable47/48€50k€8k▼
Accrued charges and deferred income492/3€614€300▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€28k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€34k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2k€-2k=
Other operating charges640/8€4k€5k▲
Gross operating margin9900€117k€123k▲
Operating profit (loss)9901€49k€59k▲
Financial income75/76B€34€18▼
Recurring financial income75€34€18▼
Financial charges65/66B€19k€19k▲
Recurring financial charges65€19k€19k▲
Profit (loss) for the period before taxes9903€30k€40k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€20k€27k▲
Profit (loss) for the period to be appropriated9905€20k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€69k▲
Profit (loss) brought forward from the previous period14P€22k€42k▲
The notes to these accounts (11 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
2026
08-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director discharge4 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director discharge4 facts ▸
- General meeting, 2025-08-07
- Director resignation, Daphné MERTENS (administratrice)
- Director discharge, Daphné MERTENS
- Director appointment, Hubert de BELLEFROID d'OUDOUMONT (gérant)
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
Financial
Highest result since 2018net €27k ▲33.1%
Operating result €59k, net result €27k, both a record.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
Hubert de BELLEFROID d'OUDOUMONT
CurrentGérant · since 07-08-2025
07-08-2025
Hubert de BELLEFROID d'OUDOUMONT: Appointed as Gérant
07-08-2025
Daphné MERTENS: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1994
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.
Eendrachtstraat 661050 ElseneGround area
165 m²
Building footprint
165 m²
Volume, LiDAR
3,129 m³
Parcel 21009A0350/00R009, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Eendrachtstraat 66, 1050 Elsene
since 19942.068.762.649
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0350/00R009 | Brussels | 165 m² | 1 · 165 m² | 22.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ARDESON
BE 0459.816.523
Ukkel · Eq €89k
HUBERMONT SPACE FOR DEVELOPMENT
BE 0545.743.180
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Masai Ocean Racing
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Of 4,574 companies in sector 82300 we hold annual accounts for 1,669. 1,308 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-09-1994
Fiscal year end30-09
Activities, NACEBEL
73200Market research and public opinion polling
74131
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@bluebell.be