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BlueBird

Active
Public limited companyfounded 20214 yrs activeWaterlelielaan 1, 9032 Gent, BelgiumKBO/BCE: BE 0778.684.623
Summary

The computed 12-month bankruptcy probability of BlueBird is 1.6% (moderate). The 2025 annual accounts show equity of €1.1m and a net result of -€4,479. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2220 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability36=
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 23.08 against 29.99 in 2024; short-term debt: 4.3% and cash: 9% of total assets), and 4.3% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
95.7%
Return on assets
-0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 4 filings
Deviation from the deadline
2025
26 d late
2024
7 d early
2023
12 d late
2022
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 3 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BlueBird was incorporated on 15 December 2021 as a Public limited company.1 Total assets rose from EUR 147,207 in 2022 to EUR 1.1 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€1.1m▲ 20.7%
2024 · €883,924
Total assets
€1.1m▲ 22.0%
2024 · €914,417
Net result
-€4,479▼ 7.8%
2024 · -€4,156
Working capital
€1.1m▲ 20.7%
2024 · €883,924
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€2,848--€8,999▼ 216%-€4,089▲ 54.6%-€4,409▼ 7.8%
Net result-€2,882below the sector's middle half--€9,038below the sector's middle half▼ 214%-€4,156below the sector's middle half▲ 54.0%-€4,479below the sector's middle half▼ 7.8%
Equity€147,118within the sector's middle half-€638,080above the sector's middle half▲ 334%€883,924above the sector's middle half▲ 38.5%€1.1mabove the sector's middle half▲ 20.7%
Total assets€147,207below the sector's middle half-€669,761above the sector's middle half▲ 355%€914,417above the sector's middle half▲ 36.5%€1.1mwithin the sector's middle half▲ 22.0%
Debt€89-€31,681▲ 35,617%€30,493▼ 3.8%€48,320▲ 58.5%
Working capital€147,118within the sector's middle half-€638,080above the sector's middle half▲ 334%€883,924above the sector's middle half▲ 38.5%€1.1mabove the sector's middle half▲ 20.7%
Solvency99.9%above the sector's middle half-95.3%above the sector's middle half▼ 4.7pp96.7%above the sector's middle half▲ 1.4pp95.7%above the sector's middle half▼ 1.0pp
Current ratio21.14above the sector's middle half29.99above the sector's middle half▲ 8.8523.08above the sector's middle half▼ 6.91
Return on assets (ROA)-2.0%below the sector's middle half--1.3%below the sector's middle half▲ 0.6pp-0.5%below the sector's middle half▲ 0.9pp-0.4%below the sector's middle half▲ 0.1pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2022: -€2,848-€2,848Net result 2022: -€2,882-€2,882Operating result 2023: -€8,999-€8,999Net result 2023: -€9,038-€9,038Operating result 2024: -€4,089-€4,089Net result 2024: -€4,156-€4,156Operating result 2025: -€4,409-€4,409Net result 2025: -€4,479-€4,4792022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€8,999-€9,000Net result 2023: -€9,038-€9,040Operating result 2024: -€4,089-€4,090Net result 2024: -€4,156-€4,160Operating result 2025: -€4,409-€4,410Net result 2025: -€4,479-€4,480202320242025
The operating result stays negative: a loss of €4,409 in 2025 against €4,089 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity €1.1m ▲ 20.7%
Debt €48,320 ▲ 58.5%
Debt's share of the balance-sheet total rises from 3.3% to 4.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Quick ratio
2.53▼
2024 · 6.57
Debt to equity
0.05▲
2024 · 0.03
ROE
-0.4%▲
2024 · -0.5%
Debt ≤ 1 year
€48,320▲
2024 · €30,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
0.8% went bankrupt
3.1% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 480 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€914,417€1.1m▲
Current assets29/58€914,417€1.1m▲
Stocks and contracts in progress3€714,224€993,171▲
Stocks30/36€714,224€993,171▲
Amounts receivable within one year40/41€26,531€13,200▼
Trade receivables40€197€4,991▲
Other amounts receivable41€26,334€8,208▼
Cash at bank and in hand54/58€164,880€99,835▼
Deferred charges and accrued income490/1€8,782€9,059▲
Equity and liabilities
Total equity and liabilities10/49€914,417€1.1m▲
Equity10/15€883,924€1.1m▲
Contributions10/11€900,000€1.1m▲
Capital10€900,000€1.1m▲
Issued capital100€1.2m€1.2m=
Uncalled capital101€250,000€62,500▼
Profit (loss) carried forward14-€16,076-€20,555▼
Amounts payable17/49€30,493€48,320▲
Amounts payable within one year42/48€30,493€48,320▲
Trade debts44€30,493€48,320▲
Suppliers440/4€30,493€48,320▲
Income statement Code20242025
Other operating charges640/8€528€544▲
Gross operating margin9900-€3,561-€3,865▼
Operating profit (loss)9901-€4,089-€4,409▼
Financial charges65/66B€67€70▲
Recurring financial charges65€67€70▲
Profit (loss) for the period before taxes9903-€4,156-€4,479▼
Profit (loss) for the period9904-€4,156-€4,479▼
Profit (loss) for the period to be appropriated9905-€4,156-€4,479▼
Appropriation of the result
Profit (loss) to be appropriated9906-€16,076-€20,555▼
Profit (loss) brought forward from the previous period14P-€11,920-€16,076▼
Line2022202320242025Change
Other operating charges640/8€745€814€528€544▲ 3.0%
Gross operating margin9900-€2,103-€8,186-€3,561-€3,865▼ 8.5%
Operating profit (loss)9901-€2,848-€8,999-€4,089-€4,409▼ 7.8%
Financial charges65/66B€34€39€67€70▲ 4.2%
Recurring financial charges65€34€39€67€70▲ 4.2%
Profit (loss) for the period before taxes9903-€2,882-€9,038-€4,156-€4,479▼ 7.8%
Profit (loss) for the period9904-€2,882-€9,038-€4,156-€4,479▼ 7.8%
Profit (loss) for the period to be appropriated9905-€2,882-€9,038-€4,156-€4,479▼ 7.8%
Line2022202320242025Change
Assets
Total assets20/58€147,207€669,761€914,417€1.1m▲ 22.0%
Current assets29/58€147,207€669,761€914,417€1.1m▲ 22.0%
Stocks and contracts in progress3€129,725€297,941€714,224€993,171▲ 39.1%
Stocks30/36€129,725€297,941€714,224€993,171▲ 39.1%
Amounts receivable within one year40/41€141€33,073€26,531€13,200▼ 50.2%
Trade receivables40€39-€197€4,991▲ 2,428%
Other amounts receivable41€102€33,073€26,334€8,208▼ 68.8%
Cash at bank and in hand54/58€17,341€334,926€164,880€99,835▼ 39.4%
Deferred charges and accrued income490/1-€3,821€8,782€9,059▲ 3.2%
Equity and liabilities
Total equity and liabilities10/49€147,207€669,761€914,417€1.1m▲ 22.0%
Equity10/15€147,118€638,080€883,924€1.1m▲ 20.7%
Contributions10/11€150,000€650,000€900,000€1.1m▲ 20.8%
Capital10€150,000€650,000€900,000€1.1m▲ 20.8%
Issued capital100€150,000€1.2m€1.2m€1.2m=
Uncalled capital101-€500,000€250,000€62,500▼ 75.0%
Profit (loss) carried forward14-€2,882-€11,920-€16,076-€20,555▼ 27.9%
Amounts payable17/49€89€31,681€30,493€48,320▲ 58.5%
Amounts payable within one year42/48€89€31,681€30,493€48,320▲ 58.5%
Trade debts44€89€31,681€30,493€48,320▲ 58.5%
Suppliers440/4€89€31,681€30,493€48,320▲ 58.5%
Line2022202320242025Change
Profit (loss) for the period9904-€2,882-€9,038-€4,156-€4,479▼ 7.8%
Operating cash flow (approximation)-€2,882-€9,038-€4,156-€4,479▼ 7.8%
Change in cash-€317,585-€170,046-€65,045▲ 61.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial Equity above €1mEq €1.1m ▲20.7%
Equity rises from €883,924 to €1.1m.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial Weakest financial yearnet -€9,038
Net result drops to -€9,038, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €500,000Eq €638,080 ▲334%
Equity rises from €147,118 to €638,080.
26-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

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.

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Directors · office · real estate

Directors
2 acts for this company are 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, Gent · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
5,728 m²
Building footprint
268 m²
Parcel 44074C0050/00H000, Flanders. Linked by address, not a title deed.
59 companies at this address See who is registered here
1 establishment unit
BlueBird
Waterlelielaan 1, 9032 GentConstruction of residential and non-residential buildings
since 20212.328.361.769
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44074C0050/00H000
ProtectedMonumentHoeve Dossche: boerenwoningSource ↗
Flanders 5,728 m² 1 · 268 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

3 owners

Owners 3

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 6,188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43240Other construction installation
43990Other specialised construction activities
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0778684623
Registered 23-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.