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Complete company report
Generated 15-08-2026
Active BE 1006.250.086Limited partnership

Bluegrass Ventures USD

Gentsesteenweg 1140 ·1082 Sint-Agatha-Berchem, Belgium· 2 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Bluegrass Ventures USD is 1.4% (low). The 2025 annual accounts show equity of €24.30M and a net result of €-1.16M. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €24.30M
Net result €-1.16M
Active 2 yrs
Locations 1
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health35Profitability0Solvency67Growth-Stability67
42 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 35
Profitability 0
Solvency 67
Growth -
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
1.4% Low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Young company +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
35 / 100 Weak
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 29-01-2026 with the NBB · fiscal year 2025 · verkort
Fiscal year2025
Depositverkort
Revenue-
EBITDA-
Net profit€-1.16M
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€32.96M
Equity€24.30M
Debt€8.67M
of which ≤ 1y€8.67M
of which > 1y-
Working capital€-8.38M
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.03
Quick ratio0.03
Working capital ratio-25.4%
Solvency73.7%
Debt / equity0.36
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-3.5%
ROE-4.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding0d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€32.96M
Fixed assets 21/28€32.68M
Financial fixed assets 28€32.68M
Current assets 29/58€284k
Amounts receivable within one year 40/41€12k
Cash & bank 54/58€272k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€32.96M
Equity 10/15€24.30M
Contributions / capital 10/11€25.45M
Accumulated profits (losses) 14€-1.16M
Amounts payable 17/49€8.67M
Amounts payable within one year 42/48€8.67M
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€-1.15M
Operating result 9901€-1.15M
Financial income 75€185
Financial charges 65€2k
Result before taxes 9903€-1.16M
Net result for the period 9904€-1.16M
Result to be appropriated 9905€-1.16M
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Limited partnership(612)
Incorporation20-02-2024
StatusActive
Postal code1082
Establishment units 1 location
Bluegrass Ventures USD
Gentsesteenweg 1140, 1082 Sint-Agatha-BerchemBeleggingstrusts en -fondsen en vergelijkbare financiële instellingen
since 20242.357.031.407
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21342B0078/00H003 Brussels 2,979 m² 1 · 768 m² 26.8 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
11-05-2026
State Gazette act Capital & shares
v3.2
27-02-2026
State Gazette act Capital & shares
v3.2
29-01-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
29-10-2025
State Gazette act Director changes
v3.2
29-10-2025
State Gazette act Capital & shares
v3.2
03-02-2025
State Gazette act Capital & shares
v3.2
2024
04-04-2024
State Gazette act Capital & shares
v3.2
29-02-2024
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 7 acts
Capital history · 5
11-05-2026
v3.2
27-02-2026
v3.2
29-10-2025
v3.2
03-02-2025
v3.2
04-04-2024
v3.2
All acts · 7 updated 3 months ago
2026
11-05-2026 Capital increase of €255,000 to €105,786,376 Capital & shares
  • €105.531.376 → €105.786.376
  • 5 kapitaalbewegingen in deze akte
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "capital_increase",
      "amount": 255000.0,
      "currency": "USD",
      "after_eur": 105786376.0,
      "delta_eur": 255000.0,
      "before_eur": 105531376.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-04-03",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de vierde kapitaalronde van de Soort D Aandelen in het kader van de Vennootschap, te verhogen met 255.000,00 USD om het te brengen van 105.531.376,00 USD op 105.786.376,00 USD",
      "contribution_type": "cash"
    },
    {
      "kind": "capital_increase",
      "amount": 2040000.0,
      "currency": "USD",
      "after_eur": 105786376.0,
      "delta_eur": 255000.0,
      "before_eur": 105531376.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-04-03",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de eerste kapitaalronde van de Soort.L Aandelen in het kader van de Vennootschap, te verhogen met 2.040.000,00 USD om het te brengen van 105.786.376,00 USD op 107.826.376,00 USD.",
      "contribution_type": "cash"
    },
    {
      "kind": "capital_increase",
      "amount": 2040000.0,
      "currency": "USD",
      "after_eur": 105786376.0,
      "delta_eur": 255000.0,
      "before_eur": 105531376.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-04-03",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de eerste kapitaalronde van de Soort I Aandelen in het kader van de Vennootschap, te verhogen met 2.040.000,00 USD om het te brengen van 107.826.376,00 USD op 109.866.376,00 USD",
      "contribution_type": "cash"
    },
    {
      "kind": "capital_increase",
      "amount": 657900.0,
      "currency": "USD",
      "after_eur": 105786376.0,
      "delta_eur": 255000.0,
      "before_eur": 105531376.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-04-03",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de eerste kapitaalronde van de Soort J Aandelen in het kader van de Vennootschap, te verhogen met 657.900,00 USD om het te brengen van 109.866.376,00 USD op 110.524.276,00 USD",
      "contribution_type": "cash"
    },
    {
      "kind": "capital_increase",
      "amount": 2041460.0,
      "currency": "USD",
      "after_eur": 105786376.0,
      "delta_eur": 255000.0,
      "before_eur": 105531376.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-04-03",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de eerste kapitaalronde van de Soort K Aandelen in het kader van de Vennootschap, te verhogen met 2.041.460,00 USD om het te brengen van 110.524.276,00 USD op 112.565.736,00 USD",
      "contribution_type": "cash"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "BLUEGRASS VENTURES USD",
    "legal_form": "CommV"
  }
}
27-02-2026 Capital increase of €17,235,450 to €101,619,676 Capital & shares
  • €84.384.226 → €101.619.676
  • 2 kapitaalbewegingen in deze akte
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "capital_increase",
      "amount": 17235450.0,
      "currency": "USD",
      "after_eur": 101619676.0,
      "delta_eur": 17235450.0,
      "before_eur": 84384226.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-01-16",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de eerste kapitaalronde van de Soort G Aandelen in het kader van de Vennootschap, te verhogen met 17.235.450,00 USD om het te brengen van 84.384.226,00 USD op 101.619.676,00 USD",
      "contribution_type": "cash"
    },
    {
      "kind": "capital_increase",
      "amount": 3911700.0,
      "currency": "USD",
      "after_eur": 101619676.0,
      "delta_eur": 17235450.0,
      "before_eur": 84384226.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2026-01-16",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de eerste kapitaalronde van de Soort H Aandelen in het kader van de Vennootschap, te verhogen met 3.911.700,00 USD om het te brengen van 101.619.676,00 USD op 105.531.376,00 USD",
      "contribution_type": "cash"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "BLUEGRASS VENTURES USD",
    "legal_form": "CommV"
  }
}
2025
29-10-2025 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "BLUEGRASS VENTURES USD",
    "legal_form": "CommV"
  }
}
29-10-2025 Capital increase of €1,260,975 to €84,384,226 Capital & shares
  • €83.123.251 → €84.384.226
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "capital_increase",
      "amount": 1260975.0,
      "currency": "USD",
      "after_eur": 84384226.0,
      "delta_eur": 1260975.0,
      "before_eur": 83123251.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2025-10-14",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap, ten gevolge van de tweede kapitaalronde van de Soort E Aandelen in het kader van de Vennootschap, te verhogen met 1.260.975,00 USD om het te brengen van 83.123.251,00 USD op 84.384.226,00 USD",
      "contribution_type": "cash"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "BLUEGRASS VENTURES USD",
    "legal_form": "CommV"
  }
}
03-02-2025 Capital increase of €11,306,700 to €29,309,701 Capital & shares
  • €18.003.001 → €29.309.701
  • 2 kapitaalbewegingen in deze akte
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "capital_increase",
      "amount": 11306700.0,
      "currency": "USD",
      "after_eur": 29309701.0,
      "delta_eur": 11306700.0,
      "before_eur": 18003001.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2024-12-27",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap in het kader van de tweede Volgende Kapitaalronde met betrekking tot de Soort C Aandelen te verhogen met 11.306.700,00 USD om het te brengen van 18.003.001,00 USD op 29.309.701,00 USD",
      "contribution_type": "cash"
    },
    {
      "kind": "capital_increase",
      "amount": 35802000.0,
      "currency": "USD",
      "after_eur": 29309701.0,
      "delta_eur": 11306700.0,
      "before_eur": 18003001.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2024-12-27",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap in het kader van de Eerste Kapitaalronde met betrekking tot de Soort D Aandelen te verhogen met 35.802.000,00 USD om het te brengen van 29.309.701,00 USD op 65.111.701,00 USD",
      "contribution_type": "cash"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "BLUEGRASS VENTURES USD",
    "legal_form": "CommV"
  }
}
2024
04-04-2024 Capital increase of €3,442,500 to €18,003,001 Capital & shares
  • €14.560.501 → €18.003.001
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "capital_increase",
      "amount": 3442500.0,
      "currency": "USD",
      "after_eur": 18003001.0,
      "delta_eur": 3442500.0,
      "before_eur": 14560501.0,
      "amount_type": "kapitaal_effectief",
      "effective_date": "2024-03-20",
      "evidence_quote": "De Manager beslist het kapitaal van de Vennootschap in het kader van de Tweede Kapitaalronde te verhogen met 3.442.500,00 USD om het te brengen van 14.560.501,00 USD op 18.003.001,00 USD",
      "contribution_type": "cash"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "BLUEGRASS VENTURES USD",
    "legal_form": "CommV"
  }
}
29-02-2024 Incorporation of a new CommV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "Gentsesteenweg 1140 bus 7 - 1082 Sint-Agatha-Berchem",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": "1001.029.013",
        "name": "Alydar BV"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": "1001.029.013",
      "holder_org_name": "Alydar BV",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": false,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    },
    {
      "org": {
        "kbo": "1003.061.954",
        "name": "Bluegrass Ventures Privak USD CommV"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": "1003.061.954",
      "holder_org_name": "Bluegrass Ventures Privak USD CommV",
      "contribution_type": "cash",
      "amount_paid_in_eur": 0,
      "holder_person_name": null,
      "is_subscriber_only": false,
      "n_shares_subscribed": 0,
      "amount_subscribed_eur": 0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 0,
  "subject_company": {
    "kbo": "1006.250.086",
    "name_full": "Bluegrass Ventures USD",
    "legal_form": "CommV"
  },
  "initial_directors": [],
  "incorporation_date": "2024-02-20",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Bluegrass Ventures USD
Registered office
Gentsesteenweg 1140 bus 7
1082 Sint-Agatha-Berchem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative