BlueIT Development
ActiveSummary
BlueIT Development has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €89,702 and a net result of €373,721. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 22% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency37▼-11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.48 in 2023; short-term debt: 85.1% and cash: 57.5% of total assets), and 88.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2832 sector peers (2024).
NBB · sector comparisonPosition among 2832 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €89,702
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
28 d early
2022
28 d early
2021
26 d early
2020
26 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€89,702▲ 4.3%
2023 · €85,981
Total assets
€766,605▲ 102%
2023 · €379,765
Net result
€373,721▲ 285%
2023 · €97,038
Working capital
€112,243▼ 8.3%
2023 · €122,374
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€119,869▲ 6.3%€206,125▲ 72.0%€48,208▼ 76.6%€107,350▲ 123%€400,945▲ 273%
Net result€105,369▲ 25.7%€195,525▲ 85.6%€34,918▼ 82.1%€97,038▲ 178%€373,721▲ 285%
Equity€78,500▼ 71.8%€79,025▲ 0.7%€78,944▼ 0.1%€85,981▲ 8.9%€89,702▲ 4.3%
Total assets€468,331▲ 42.1%€499,953▲ 6.8%€320,831▼ 35.8%€379,765▲ 18.4%€766,605▲ 102%
Debt€389,830▲ 656%€420,928▲ 8.0%€241,888▼ 42.5%€293,784▲ 21.5%€676,903▲ 130%
Working capital€106,655▼ 44.5%€124,109▲ 16.4%€124,037▼ 0.1%€122,374▼ 1.3%€112,243▼ 8.3%
Staff (FTE)3.4▲ 30.8%4.4▲ 29.4%6.5▲ 47.7%7.5▲ 15.4%9.8▲ 30.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 273% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €766,605
Fixed assets
€2,053 ▼ 24.5%
Current assets
€764,552 ▲ 103%
Equity and liabilities €766,605
Equity
€89,702 ▲ 4.3%
Debt
€676,903 ▲ 130%
Debt's share of the balance-sheet total rises from 77.4% to 88.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€401,610▲
2023 · €115,807
Cash flow
€374,386▲
2023 · €105,494
Current ratio
1.17▼
2023 · 1.48
Debt to equity
7.55▲
2023 · 3.42
ROE
416.6%▲
2023 · 112.9%
ROA
48.8%▲
2023 · 25.6%
Interest coverage
21.09▼
2023 · 87.28
Debt ≤ 1 year
€652,309▲
2023 · €254,674
Debt > 1 year
€24,594▼
2023 · €39,111
Income taxes
€8,183▼
2023 · €9,632
Staff costs
€424,596▲
2023 · €389,069
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €188,265 | €309,865 | €389,069 | €424,596 | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,400 | €32,986 | €14,175 | €8,456 | €665 | ▼ 92.1% |
| Other operating charges640/8 | - | €522 | €525 | €679 | €590 | ▼ 13.1% |
| Gross operating margin9900 | €310,947 | €427,897 | €372,773 | €505,555 | €826,797 | ▲ 63.5% |
| Operating profit (loss)9901 | €119,869 | €206,125 | €48,208 | €107,350 | €400,945 | ▲ 273% |
| Financial income75/76B | - | €1 | €534 | €646 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1 | €1 | €534 | €646 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €5,265 | €4,864 | €1,327 | €19,041 | ▲ 1,335% |
| Recurring financial charges65 | €2,495 | €5,265 | €4,864 | €1,327 | €19,041 | ▲ 1,335% |
| Profit (loss) for the period before taxes9903 | €117,374 | €200,861 | €43,878 | €106,670 | €381,904 | ▲ 258% |
| Income taxes67/77 | €12,005 | €5,336 | €8,960 | €9,632 | €8,183 | ▼ 15.0% |
| Profit (loss) for the period9904 | €105,369 | €195,525 | €34,918 | €97,038 | €373,721 | ▲ 285% |
| Profit (loss) for the period to be appropriated9905 | €105,369 | €195,525 | €34,918 | €97,038 | €373,721 | ▲ 285% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €468,331 | €499,953 | €320,831 | €379,765 | €766,605 | ▲ 102% |
| Fixed assets21/28 | €53,454 | €22,532 | €8,357 | €2,718 | €2,053 | ▼ 24.5% |
| Intangible fixed assets21 | €53,454 | €21,054 | €7,567 | - | - | - |
| Tangible fixed assets22/27 | - | €1,478 | €790 | €2,718 | €2,053 | ▼ 24.5% |
| Plant, machinery and equipment23 | - | €1,478 | €790 | €2,718 | €2,053 | ▼ 24.5% |
| Current assets29/58 | €414,877 | €477,421 | €312,474 | €377,047 | €764,552 | ▲ 103% |
| Amounts receivable within one year40/41 | €265,646 | €213,769 | €271,845 | €250,857 | €322,706 | ▲ 28.6% |
| Trade receivables40 | - | €205,119 | €199,539 | €192,277 | €302,587 | ▲ 57.4% |
| Other amounts receivable41 | - | €8,651 | €72,306 | €58,580 | €20,119 | ▼ 65.7% |
| Cash at bank and in hand54/58 | €149,231 | €262,846 | €40,016 | €125,201 | €440,571 | ▲ 252% |
| Deferred charges and accrued income490/1 | - | €805 | €613 | €989 | €1,275 | ▲ 29.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €468,331 | €499,953 | €320,831 | €379,765 | €766,605 | ▲ 102% |
| Equity10/15 | €78,500 | €79,025 | €78,944 | €85,981 | €89,702 | ▲ 4.3% |
| Reserves13 | €78,500 | €79,025 | €78,944 | €85,981 | €89,702 | ▲ 4.3% |
| Distributable reserves133 | - | €79,025 | €78,944 | €85,981 | €89,702 | ▲ 4.3% |
| Profit (loss) carried forward14 | €307 | - | - | - | €0 | - |
| Amounts payable17/49 | €389,830 | €420,928 | €241,888 | €293,784 | €676,903 | ▲ 130% |
| Amounts payable after more than one year17 | €81,608 | €67,616 | €53,450 | €39,111 | €24,594 | ▼ 37.1% |
| Financial debts170/4 | - | €67,616 | €53,450 | €39,111 | €24,594 | ▼ 37.1% |
| Amounts payable within one year42/48 | €308,222 | €353,312 | €188,437 | €254,674 | €652,309 | ▲ 156% |
| Current portion of amounts payable after more than one year42 | - | €13,993 | €14,165 | €16,875 | €17,052 | ▲ 1.0% |
| Financial debts43 | - | - | €2,502 | - | - | - |
| Credit institutions430/8 | - | - | €2,502 | - | - | - |
| Trade debts44 | €39,821 | €80,092 | €75,756 | €80,346 | €111,978 | ▲ 39.4% |
| Suppliers440/4 | - | €80,092 | €75,756 | €80,346 | €111,978 | ▲ 39.4% |
| Taxes, remuneration and social security45 | - | €35,787 | €61,014 | €67,453 | €117,626 | ▲ 74.4% |
| Taxes450/3 | - | €4,976 | €8,870 | €13,327 | €50,539 | ▲ 279% |
| Remuneration and social security454/9 | - | €30,811 | €52,144 | €54,126 | €67,088 | ▲ 23.9% |
| Other amounts payable47/48 | - | €223,441 | €35,000 | €90,000 | €405,653 | ▲ 351% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,369 | €195,525 | €34,918 | €97,038 | €373,721 | ▲ 285% |
| + Depreciation and write-downs630 | €32,400 | €32,986 | €14,175 | €8,456 | €665 | ▼ 92.1% |
| Operating cash flow (approximation) | €137,769 | €228,511 | €49,093 | €105,494 | €374,386 | ▲ 255% |
| Investment in fixed assets (approximation) | - | -€2,064 | €0 | -€2,817 | €0 | ▲ 100% |
| Change in cash | - | €113,615 | -€222,830 | €85,185 | €315,370 | ▲ 270% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €373,721 ▲285%
Operating result €400,945, net result €373,721, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €34,918 ▼82.1%
Net result drops to €34,918, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €278,132 ▲43.1%
2 profitable years in a row build equity to €278,132.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Grobbendonk · 1 establishment unit since 2012
Ground area
1,077 m²
Building footprint
169 m²
Volume, LiDAR
996 m³
Parcel 13010C0066/00R005, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BlueIT Software
since 20122.208.388.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010C0066/00R005 | Flanders | 1,076 m² | 1 · 169 m² | 8.5 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,460 EUR awarded · 3,666 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 855 EUR | 2,389 EUR |
| 2024 | 1 | 3,605 EUR | 1,277 EUR |
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.