Bluegray
ActiveSummary
Bluegray has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,373) and a net result of -€37,537. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 5 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,035 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €295 | €388 | ▲ 31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,752 | - |
| Other operating charges640/8 | - | €1,903 | €201 | €854 | €358 | ▼ 58.1% |
| Non-recurring operating charges66A | - | - | - | - | €19,000 | - |
| Gross operating margin9900 | €6,613 | -€93,330 | €118,521 | €20,531 | -€18,415 | ▼ 190% |
| Operating profit (loss)9901 | €6,613 | -€95,234 | €118,320 | €19,382 | -€39,914 | ▼ 306% |
| Financial income75/76B | - | - | €182 | €506,760 | €2,485 | ▼ 99.5% |
| Recurring financial income75 | - | - | €182 | €506,760 | €2,485 | ▼ 99.5% |
| Financial charges65/66B | €13 | €182 | €20,569 | €7,615 | €108 | ▼ 98.6% |
| Recurring financial charges65 | €13 | €182 | €20,569 | €7,615 | €108 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | €6,600 | -€95,415 | €97,933 | €518,527 | -€37,537 | ▼ 107% |
| Income taxes67/77 | €1,650 | -€0 | €1,729 | €4,102 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €4,950 | -€95,415 | €96,204 | €514,425 | -€37,537 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | €4,950 | -€95,415 | €96,204 | €514,425 | -€37,537 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,327 | €383,366 | €514,570 | €566,329 | €142,298 | ▼ 74.9% |
| Fixed assets21/28 | - | €59,001 | €59,001 | €59,871 | €40,482 | ▼ 32.4% |
| Tangible fixed assets22/27 | - | - | - | €871 | €482 | ▼ 44.6% |
| Furniture and vehicles24 | - | - | - | €871 | €482 | ▼ 44.6% |
| Financial fixed assets28 | - | €59,001 | €59,001 | €59,001 | €40,000 | ▼ 32.2% |
| Current assets29/58 | €18,327 | €324,365 | €455,569 | €506,457 | €101,815 | ▼ 79.9% |
| Amounts receivable within one year40/41 | €4,840 | €57,247 | €21,949 | €8,297 | €21,919 | ▲ 164% |
| Trade receivables40 | €4,840 | €57,247 | €21,936 | €6,960 | €21,175 | ▲ 204% |
| Other amounts receivable41 | - | - | €13 | €1,337 | €744 | ▼ 44.4% |
| Current investments50/53 | - | - | - | €481,370 | €72,408 | ▼ 85.0% |
| Cash at bank and in hand54/58 | €13,487 | €267,119 | €433,621 | €16,790 | €7,489 | ▼ 55.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,327 | €383,366 | €514,570 | €566,329 | €142,298 | ▼ 74.9% |
| Equity10/15 | €6,950 | -€88,465 | €7,739 | €522,163 | -€15,373 | ▼ 103% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | - | €520,163 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €520,163 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €4,950 | -€90,465 | €5,739 | €0 | -€17,373 | - |
| Amounts payable17/49 | €11,377 | €471,832 | €506,832 | €44,165 | €157,671 | ▲ 257% |
| Amounts payable within one year42/48 | €11,377 | €471,832 | €486,378 | €44,165 | €157,671 | ▲ 257% |
| Current portion of amounts payable after more than one year42 | - | €400,000 | €400,000 | €0 | - | - |
| Financial debts43 | - | €360 | €256 | €595 | €35 | ▼ 94.1% |
| Credit institutions430/8 | - | €360 | €256 | €595 | €35 | ▼ 94.1% |
| Trade debts44 | €5,589 | €2,772 | €17,376 | €4,710 | €575 | ▼ 87.8% |
| Suppliers440/4 | €5,589 | €2,772 | €17,376 | €4,710 | €575 | ▼ 87.8% |
| Taxes, remuneration and social security45 | €4,235 | €5,563 | €6,142 | €5,491 | €2,364 | ▼ 56.9% |
| Taxes450/3 | €4,235 | €5,563 | €6,142 | €5,491 | €2,364 | ▼ 56.9% |
| Other amounts payable47/48 | €1,552 | €63,137 | €62,604 | €33,370 | €154,697 | ▲ 364% |
| Accrued charges and deferred income492/3 | - | - | €20,453 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,950 | -€95,415 | €96,204 | €514,425 | -€37,537 | ▼ 107% |
| + Depreciation and write-downs630 | - | - | - | €295 | €388 | ▲ 31.8% |
| Operating cash flow (approximation) | €4,950 | -€95,415 | €96,204 | €514,719 | -€37,148 | ▼ 107% |
| Investment in fixed assets (approximation) | - | - | €0 | -€1,165 | €19,000 | ▲ 1,731% |
| Change in cash | - | €253,632 | €166,502 | -€416,831 | -€9,301 | ▲ 97.8% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0029/00P000 | Flanders | 2,417 m² | 1 · 208 m² | 16.2 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
2 ownersOwners 2
- Elizabeth Macmillannatural personSourceown accounts 31-05-202450%
- Patrick Willem van der Lindennatural personSourceown accounts 31-05-202450%
Holdings 0
The accounts to 31-05-2024 list no holdings, and no other source names one.
According to the annual accounts to 31-05-2024 of Bluegray 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,340 EUR awarded · 2,340 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,340 EUR | 2,340 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.